<SEC-DOCUMENT>0001193125-13-365137.txt : 20130912
<SEC-HEADER>0001193125-13-365137.hdr.sgml : 20130912
<ACCEPTANCE-DATETIME>20130912142559
ACCESSION NUMBER:		0001193125-13-365137
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		10
CONFORMED PERIOD OF REPORT:	20130912
FILED AS OF DATE:		20130912
DATE AS OF CHANGE:		20130912

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENBRIDGE INC
		CENTRAL INDEX KEY:			0000895728
		STANDARD INDUSTRIAL CLASSIFICATION:	PIPE LINES (NO NATURAL GAS) [4610]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15254
		FILM NUMBER:		131093837

	BUSINESS ADDRESS:	
		STREET 1:		3000 425 - 1ST STREET SW
		CITY:			CALGARY ALBERTA CANA
		STATE:			A0
		ZIP:			T2P 3L8
		BUSINESS PHONE:		4032313900

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IPL ENERGY INC
		DATE OF NAME CHANGE:	19940616

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERPROVINCIAL PIPE LINE SYSTEM INC
		DATE OF NAME CHANGE:	19930108
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d595763d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 6-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Report of Foreign Issuer </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Rule 13a-16 or 15d-16 of </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Dated September&nbsp;12, 2013 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission file number 001-15254 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>ENBRIDGE INC.
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of Registrant as specified in its charter) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Canada</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>None</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation or organization)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(I.R.S. Employer<BR>Identification No.)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>3000, 425 &#150; 1<SUP STYLE="font-size:85%; vertical-align:top">st</SUP> Street S.W. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Calgary, Alberta, Canada T2P 3L8 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices and postal code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(403) 231-3900 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrants telephone number, including area code) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether
the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form 20-F&nbsp;&nbsp;<FONT
STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;
&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by
regulation S-T Rule 101(b)(7): </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;
&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the Registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;
&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If &#147;Yes&#148; is marked, indicate below the file number assigned to the Registrant in
connection with Rule 12g3-2(b): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">N/A </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THIS
REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENTS ON FORM S-8 (FILE NO. 333-145236, 333-127265, 333-13456, 333-97305 AND 333-6436), FORM F-3 (FILE NO. 333-185591 AND 33-77022) AND FORM F-10 (FILE NO.
333-189157) OF ENBRIDGE INC. AND TO BE PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following documents are being submitted herewith: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">Underwriting Agreement dated September&nbsp;9, 2013 between Enbridge Inc., Enbridge Energy Management, L.L.C., Enbridge Energy Partners, L.P., and the underwriters listed therein. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Opinion of Fulbright&nbsp;&amp; Jaworski LLP. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Opinion of McCarthy T&eacute;trault LLP. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">Opinion of Fulbright&nbsp;&amp; Jaworski LLP regarding tax matters. </TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="51%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ENBRIDGE INC.</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(Registrant)</P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">September 12, 2013</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">By:&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Colin K. Gruending</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Colin K. Gruending</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Vice President, Treasury
&amp; Tax</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Index of Exhibits </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:25.30pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit<BR>No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">1.1</TD>
<TD NOWRAP VALIGN="top">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Underwriting Agreement dated as of September 9, 2013 among Enbridge Energy Management, L.L.C., Enbridge Energy Partners, L.P., Enbridge Inc., and the underwriters named therein.</TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">5.1</TD>
<TD NOWRAP VALIGN="top">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Fulbright &amp; Jaworski LLP</TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">5.2</TD>
<TD NOWRAP VALIGN="top">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of McCarthy T&eacute;trault LLP</TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">8.1</TD>
<TD NOWRAP VALIGN="top">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Opinion of Fulbright &amp; Jaworski LLP regarding tax matters.</TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">23.1</TD>
<TD NOWRAP VALIGN="top">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Fulbright &amp; Jaworski LLP (the consent of Fulbright&nbsp;&amp; Jaworski LLP to the use of their opinion filed as Exhibit&nbsp;5.1 hereto and the reference to their firm in the Registration Statement is contained in
such opinion).</TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">23.2</TD>
<TD NOWRAP VALIGN="top">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Fulbright &amp; Jaworski LLP (the consent of Fulbright&nbsp;&amp; Jaworski LLP to the use of their opinion filed as Exhibit&nbsp;8.1 hereto and the reference to their firm in the Registration Statement is contained in
such opinion).</TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD NOWRAP VALIGN="top">&nbsp;</TD>
<TD NOWRAP VALIGN="top" ALIGN="right">23.3</TD>
<TD NOWRAP VALIGN="top">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of McCarthy T&eacute;trault LLP (the consent of McCarthy T&eacute;trault LLP to the use of their opinion filed as Exhibit&nbsp;5.2 hereto is contained in such opinion).</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>d595763dex11.htm
<DESCRIPTION>EX-1.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-1.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 1.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ENBRIDGE ENERGY MANAGEMENT, L.L.C. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8,000,000 SHARES </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">REPRESENTING
LIMITED LIABILITY COMPANY INTERESTS </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">UNDERWRITING AGREEMENT </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">September&nbsp;9, 2013 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Citigroup Global Markets
Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">J.P. Morgan Securities LLC </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Morgan Stanley&nbsp;&amp;
Co. LLC </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As Representatives of the several Underwriters </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c/o Citigroup Global Markets Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">388 Greenwich Street </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">New York, New York 10013 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Enbridge Energy Management, L.L.C., a Delaware limited liability company (the &#147;<U>Company</U>&#148;), proposes, upon the terms and subject
to the conditions set forth herein, to issue and sell to the several Underwriters named in <U>Schedule I</U> hereto (the &#147;<U>Underwriters</U>&#148;) an aggregate of 8,000,000 shares representing limited liability company interests in the
Company (the &#147;<U>Firm Shares</U>&#148;), which shares include a purchase obligation of Enbridge Inc. (&#147;<U>Enbridge</U>&#148;) to purchase, under certain circumstances, the shares (as such purchase obligation is set forth in those certain
Purchase Provisions attached as Annex A to the Company&#146;s Amended and Restated Limited Liability Company Agreement, the &#147;<U>Purchase Obligation</U>&#148;). The Company also proposes, upon the terms and subject to the conditions set forth
herein, to issue and sell to the several Underwriters up to an additional 1,000,000 shares representing limited liability company interests in the Company, which shares include the benefit of the Purchase Obligation (such shares the
&#147;<U>Additional Shares</U>&#148;). The Firm Shares and the Additional Shares are hereinafter collectively referred to as the &#147;<U>Offered Shares</U>,&#148; and the Offered Shares and each Class&nbsp;A Common Unit, Class B Common Unit, Series
1 Preferred Unit, and i-unit representing limited partner interests in Enbridge Energy Partners, L.P., a Delaware limited partnership (the &#147;<U>Partnership</U>&#148;) outstanding on the date hereof are hereinafter sometimes collectively referred
to as the &#147;<U>Securities</U>.&#148; The Company&#146;s shares representing limited liability company interests are hereinafter sometimes referred to as the &#147;<U>Shares</U>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company, the Partnership (collectively, the &#147;<U>Enbridge Entities&#148;)</U> and Enbridge wish to confirm as follows their agreement
with the Underwriters in connection with their several purchases of the Offered Shares. The Company, the Partnership, Enbridge Energy, Limited Partnership, a Delaware limited partnership and a subsidiary of the Partnership (the &#147;<U>Operating
Partnership</U>&#148;) and Enbridge Energy Company, Inc., a Delaware corporation (the &#147;<U>General Partner</U>&#148;), are sometimes collectively referred to herein as the &#147;<U>Companies</U>.&#148; </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Registration Statement and Prospectus</U>. There has been prepared and filed with the
Securities and Exchange Commission (the &#147;<U>Commission</U>&#148;) in accordance with the provisions of the Securities Act of 1933, as amended, and the rules and regulations of the Commission thereunder (collectively, the
&#147;<U>Act</U>&#148;), (i)&nbsp;by the Company and the Partnership a registration statement (as defined in Rule 405 under the Act) on Form S-3 (Registration Nos. 333-184298, 333-184298-01), and an amendment thereto (as amended, the
&#147;<U>EEQ/EEP Registration Statement</U>&#148;), and (ii)&nbsp;by Enbridge, a registration statement on Form F-3 (Registration No.&nbsp;333-185591), and amendments thereto (the &#147;<U>Enbridge Registration Statement</U>&#148;) under the Act,
which registration statements collectively register the Offered Shares, including the Purchase Obligation, and the deemed offering of the corresponding i-units of the Partnership. The EEQ/EEP Registration Statement became effective upon filing under
the Act. The Enbridge Registration Statement became effective on February&nbsp;13, 2013. As used in this Agreement, &#147;<U>Applicable Time</U>&#148; means 4:12 p.m. (New York City time) on the date of this Agreement; &#147;<U>Effective
Date</U>&#148; means any date as of which any part of the EEQ/EEP Registration Statement or the Enbridge Registration Statement, as applicable, relating to the offering of the Offered Shares, including the Purchase Obligation, and the corresponding
i-units became, or is deemed to have become, effective under the Act in accordance with the rules and regulations thereunder; &#147;<U>Issuer Free Writing Prospectus</U>&#148; means each &#147;free writing prospectus&#148; (as defined in Rule 405
under the Act) prepared by or on behalf of the Enbridge Entities or Enbridge or used or referred to by the Enbridge Entities or Enbridge in connection with the offering of the Offered Shares, including the Purchase Obligation, and the corresponding
i-units; &#147;<U>Preliminary Prospectus</U>&#148; means, as of the Applicable Time, the base prospectus comprising a part of the Registration Statement and the preliminary prospectus supplement to the base prospectus, subject to completion,
relating to the offering of the Offered Shares and the corresponding i-units; &#147;<U>Pricing Disclosure Package</U>&#148; means, as of the Applicable Time, the Preliminary Prospectus together with each Issuer Free Writing Prospectus filed with the
Commission by the Enbridge Entities or by Enbridge on or before the Applicable Time and the number of Firm Shares and the corresponding i-units and other information set forth on <U>Schedule II</U> hereto; &#147;<U>Registration Statement</U>&#148;
means, collectively, the various parts of the EEQ/EEP Registration Statement and the Enbridge Registration Statement, each as amended as of the Effective Date for such part, including the Pricing Disclosure Package and the Final Prospectus and all
exhibits to such registration statements; and the &#147;<U>Final Prospectus</U>&#148; means the final prospectus supplement relating to the Offered Shares, including the Purchase Obligation and the corresponding i-units, including the accompanying
base prospectus, as filed with the Commission pursuant to Rule 424(b) under the Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Reference made herein to the Pricing Disclosure
Package or to the Final Prospectus shall be deemed to refer to and include any information incorporated by reference therein pursuant to Item&nbsp;12 of Form S-3 or Item&nbsp;6 of Form F-3 under the Act, as of the date of the Pricing Disclosure
Package or the Final Prospectus, as the case may be, and any reference to any amendment or supplement to the Pricing Disclosure Package or the Final Prospectus shall be deemed to refer to and include any document filed under the Securities Exchange
Act of 1934, as amended, and the rules and regulations of the Commission thereunder (collectively, the &#147;<U>Exchange Act</U>&#148;), after the date of the Pricing Disclosure Package or the Final Prospectus, as the case may be, and incorporated
by reference in, or otherwise deemed by the rules and regulations under the Act to be a part of and included in, the Pricing Disclosure Package or the Final Prospectus, as the case may be; and any reference to any amendment to the Registration
Statement shall be deemed to include any periodic report of either of the Enbridge Entities or of Enbridge filed with the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Commission pursuant to Section&nbsp;13(a) or 15(d) of the Exchange Act after the Effective Date that is incorporated by reference in the Registration Statement. As used herein, the term
&#147;<U>Incorporated Documents</U>&#148; means the documents that at the time are incorporated by reference in, or otherwise deemed by the rules and regulations under the Act to be a part of and included in, the Registration Statement, the Pricing
Disclosure Package or the Final Prospectus or any amendment or supplement thereto. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Agreements to Sell and Purchase</U>. The Company
hereby agrees, upon the terms and subject to all the conditions set forth herein, to issue and sell to the Underwriters and, upon the basis of the representations, warranties and agreements of the Enbridge Entities and Enbridge herein contained and
upon the terms and subject to all the conditions set forth herein, each Underwriter agrees, severally and not jointly, to purchase from the Company, at a purchase price of $28.02 per Share (the &#147;<U>Purchase Price Per Share</U>&#148;), the
number of Firm Shares set forth opposite the name of such Underwriter in <U>Schedule I</U> hereto (or such number of Firm Shares increased as set forth in Section&nbsp;11 hereof). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company also hereby agrees, upon the terms and subject to all the conditions set forth herein, to sell to the Underwriters, and, upon the
basis of the representations, warranties and agreements of the Enbridge Entities and Enbridge herein contained and upon the terms and subject to all the conditions set forth herein, the Underwriters shall have the right to purchase from the Company
at the Purchase Price Per Share, pursuant to an option (the &#147;<U>option</U>&#148;) that may be exercised at any time and from time to time prior to 9:00 p.m., New York City time, on the 30th day after the date of the Final Prospectus (or, if
such 30th day shall be a Saturday or Sunday or a holiday, on the next business day thereafter when the New York Stock Exchange (&#147;<U>NYSE</U>&#148;) is open for trading), up to an aggregate of 1,000,000 Additional Shares. Upon any exercise of
the option, each Underwriter, severally and not jointly, agrees to purchase from the Company the number of Additional Shares (subject to such adjustments as you may determine in order to avoid fractional Shares) that bears the same proportion to the
aggregate number of Additional Shares to be purchased by the Underwriters as the number of Firm Shares set forth opposite the name of such Underwriter in <U>Schedule I</U> hereto (or such number of Firm Shares increased as set forth in
Section&nbsp;11 hereof) bears to the aggregate number of Firm Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <U>Terms of Public Offering</U>. The Company has been advised by
you that the Underwriters have commenced a public offering of the Offered Shares on the date of this Agreement and initially will make sales of their respective portion of the Offered Shares on the terms set forth in the Pricing Disclosure Package.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. <U>Delivery of the Offered Shares and Payment Therefor</U>. (a)&nbsp;The Offered Shares to be purchased hereunder will be represented
by one or more definitive global certificates in book-entry form that will be deposited by or on behalf of the Company with The Depository Trust Company (&#147;<U>DTC</U>&#148;) or its designated custodian. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Delivery to the Underwriters of the Firm Shares, against payment of the purchase price therefor in immediately available funds to a bank
account designated by the Company, shall be made by causing DTC to credit the Firm Shares to the account or accounts designated by Credit Suisse Securities (USA) LLC on behalf of the Underwriters at DTC. The time and date of such delivery shall be
10:00 a.m., New York City time, on September&nbsp;13, 2013 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
(the &#147;<U>Closing Date</U>&#148;). The other documents to be delivered at the Closing Date by or on behalf of the parties hereto shall be delivered at such time and date at the offices of
Baker Botts L.L.P., 910 Louisiana Street, Houston, Texas 77002. The place of closing for the Firm Shares and the Closing Date may be varied by agreement between you and the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Delivery to the Underwriters of the Additional Shares to be purchased by the Underwriters, against payment of the purchase price therefor
in immediately available funds, shall be made by causing DTC to credit the Additional Shares to the account or accounts designated by Citigroup Global Markets Inc. on behalf of the Underwriters at DTC at such time on such date (the &#147;<U>Option
Closing Date</U>&#148;), which may be the same as the Closing Date but shall in no event be earlier than the Closing Date nor earlier than two nor later than ten business days after the giving of the notice hereinafter referred to, as shall be
specified in a written notice from you on behalf of the Underwriters to the Company of the Underwriters&#146; determination to purchase a number, specified in such notice, of Additional Shares. The other documents to be delivered at the Option
Closing Date by or on behalf of the parties hereto shall be delivered at such time and date at the offices of Baker Botts L.L.P., 910 Louisiana, Houston, Texas 77002. The place of closing for any Additional Shares and the Option Closing Date for
such Additional Shares may be varied by agreement between you and the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) The global certificates representing the Offered Shares
to be delivered to the Underwriters shall be made available to you at the office of DTC or its custodian for inspection not later than 5:00 p.m., New York City time, on the business day next preceding the Closing Date or the Option Closing Date, as
the case may be. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) It is understood that each Underwriter has authorized Citigroup Global Markets Inc. for its own account, to accept
delivery of, receipt for, and make payment for the purchase price of the Offered Shares that it has agreed to purchase. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.
<U>Covenants</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A. <U>Agreements of the Enbridge Entities</U>. Each of the Enbridge Entities and, except with respect to paragraphs (g),
(h), (i), (j)&nbsp;and (p)&nbsp;of this Section&nbsp;5A, Enbridge, agrees with the several Underwriters as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) If, at the time
this Agreement is executed and delivered, it is necessary for the Registration Statement, a post-effective amendment thereto or a new registration statement relating to the Offered Shares, including the Purchase Obligation, or the corresponding
i-units to be declared effective before the offering of the Offered Shares may commence, the Enbridge Entities and Enbridge will endeavor to cause the Registration Statement, such post-effective amendment or such new registration statement to become
effective as soon as possible and will advise you and counsel for the Underwriters promptly and, if requested by you, will confirm such advice in writing, when the Registration Statement, such post-effective amendment or such new registration
statement has become effective. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Following the execution and delivery of this Agreement and thereafter from time to time during such
period as in the opinion of counsel for the Underwriters a prospectus is required by the Act to be delivered in connection with sales by the Underwriters or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
any dealer (the &#147;<U>Prospectus Delivery Period</U>&#148;), each of the Enbridge Entities and Enbridge will advise you and counsel for the Underwriters promptly and, if requested by you, will
confirm such advice in writing: (i)&nbsp;of any request by the Commission for amendment of or a supplement to the Registration Statement, the Pricing Disclosure Package or the Final Prospectus or for additional information; (ii)&nbsp;of the issuance
by the Commission of any stop order suspending the effectiveness of the Registration Statement or preventing or suspending the use of the Pricing Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus or of any examination by
the Commission pursuant to Section&nbsp;8(e) of the Act concerning the Registration Statement of which either of the Enbridge Entities or Enbridge is aware or of the suspension of qualification of the Offered Shares, the Purchase Obligation, the
corresponding i-units or the Partnership&#146;s Class&nbsp;A Common Units for offering and sale in any jurisdiction or the initiation of any proceeding for such purpose; (iii)&nbsp;if either of the Enbridge Entities or Enbridge receives notice that
it has become the subject of a proceeding under Section&nbsp;8A of the Act in connection with the offering of the Offered Shares; and (iv)&nbsp;of any change in the financial position, business, prospects, or results of operations of any of the
Companies or of Enbridge, or of the happening of any event, that makes any statement of a material fact made in the Registration Statement, the Pricing Disclosure Package or the Final Prospectus (as then amended or supplemented) untrue or that
requires the making of any additions to or changes in the Registration Statement, the Pricing Disclosure Package or the Final Prospectus (as then amended or supplemented) in order to state a material fact required by the Act to be stated therein or
necessary in order to make the statements therein (in the case of the Pricing Disclosure Package and the Final Prospectus, in the light of the circumstances under which they were made), not misleading, or of the necessity to amend or supplement the
Registration Statement, the Pricing Disclosure Package or the Final Prospectus (as then amended or supplemented) to comply with the Act or any other law. If at any time within the Prospectus Delivery Period, the Commission shall issue any stop order
suspending the effectiveness of the Registration Statement or preventing or suspending the use of the Pricing Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus, each of the Enbridge Entities and/or Enbridge, as
applicable, will make every reasonable effort to obtain the withdrawal of such order at the earliest possible time. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Each of the
Enbridge Entities and Enbridge will furnish to you, at your request and without charge, (i)&nbsp;one conformed copy of the Registration Statement as originally filed with the Commission and of each amendment thereto, including financial statements
and all exhibits to the Registration Statement, (ii)&nbsp;such number of conformed copies of the Registration Statement as originally filed and of each amendment thereto, but without exhibits, as you may request, (iii)&nbsp;such number of copies of
the Incorporated Documents, without exhibits, as you may request, (iv)&nbsp;such number of copies of the exhibits to the Incorporated Documents and the Pricing Disclosure Package as you may request, and (v)&nbsp;such number of copies of the
Preliminary Prospectus, the Final Prospectus, any amended or supplemented Final Prospectus and each Issuer Free Writing Prospectus as you may request. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) During the Prospectus Delivery Period, neither of the Enbridge Entities nor Enbridge will file any amendment to the Registration Statement
or make any amendment or supplement to the Final Prospectus or file any document that, upon filing becomes an Incorporated Document, of which you and counsel for the Underwriters shall not previously have been advised or to which, after you and
counsel for the Underwriters shall have received a copy of the document proposed to be filed, you shall reasonably object; <I></I><U><I>provided</I></U> that your consent shall not be unreasonably withheld or delayed. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Neither of the Enbridge Entities nor Enbridge will make any offer relating to the Offered
Shares that would constitute an Issuer Free Writing Prospectus without the prior written consent of Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley&nbsp;&amp; Co. LLC (collectively, the
&#147;<U>Representatives</U>&#148;). Each of the Enbridge Entities and Enbridge will retain in accordance with the Act all Issuer Free Writing Prospectuses not required to be filed pursuant to the Act; and if at any time after the date hereof
through the completion of the offering of the Offered Shares any events shall have occurred as a result of which any Issuer Free Writing Prospectus, as then amended or supplemented, would conflict with the information in the Registration Statement,
the Pricing Disclosure Package or the Final Prospectus or would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they
were made, not misleading, or, if for any other reason it shall be necessary to amend or supplement any Issuer Free Writing Prospectus, to notify the Representatives and, upon your request, to file such documents and to prepare and furnish without
charge to the Underwriters as many copies as you may from time to time reasonably request of an amended or supplemented Issuer Free Writing Prospectus, that will correct such conflict, statement or omission or effect such compliance. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) Each of the Enbridge Entities and Enbridge will cause the Final Prospectus to be filed pursuant to, and in compliance with, Rule 424(b).
The Enbridge Entities will pay to the Commission the registration fee associated with the offering of the Offered Shares and the corresponding i-units within the time period required by Rule&nbsp;456(b)(i) under the Act and otherwise in accordance
with Rules&nbsp;456(b) and 457(r) under the Act. As soon as practical following the execution and delivery of this Agreement and until the end of the Prospectus Delivery Period, the Enbridge Entities will expeditiously deliver to the Underwriters
and each dealer, without charge, as many copies of the Final Prospectus (and of any amendment or supplement thereto) as you may reasonably request. Each of the Enbridge Entities and Enbridge consent to the use of the Final Prospectus (and of any
amendment or supplement thereto) in accordance with the provisions of the Act and with the securities or Blue Sky laws of the jurisdictions in which the Offered Shares are offered by the Underwriters and by all dealers to whom Offered Shares may be
sold, both in connection with the offering and sale of the Offered Shares and for such period of time thereafter as the Final Prospectus is required by the Act to be delivered in connection with sales by the Underwriters or any dealer. If during
such period of time any event shall occur that in the judgment of the Enbridge Entities or Enbridge or in the opinion of counsel for the Underwriters is required to be set forth in the Final Prospectus (as then amended or supplemented) or should be
set forth therein in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary to supplement or amend the Final Prospectus (or to file under the Exchange Act any
document that, upon filing, becomes an Incorporated Document) in order to comply with the Act or any other law, the Enbridge Entities or Enbridge, as applicable, will forthwith prepare and, subject to the provisions of paragraph (d)&nbsp;above, file
with the Commission an appropriate supplement or amendment thereto (or to such document), and will expeditiously furnish to the Underwriters and dealers a reasonable number of copies thereof. In the event that the Enbridge Entities, Enbridge and the
Underwriters agree that the Final Prospectus should be amended or supplemented, the Enbridge Entities or Enbridge, as applicable, if requested by you, will promptly issue a press release announcing or disclosing the matters to be covered by the
proposed amendment or supplement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) Each of the Enbridge Entities will cooperate with you and with counsel for the Underwriters
in connection with the registration or qualification of the Offered Shares for offering and sale by the Underwriters and by dealers under the securities or Blue Sky laws of such jurisdictions as you may designate and will file such consents to
service of process or other documents necessary or appropriate in order to effect such registration or qualification; <U><I>provided</I></U> that in no event shall either of the Enbridge Entities be obligated to qualify to do business in any
jurisdiction where it is not now so qualified or to take any action that would subject it to service of process in suits, other than those arising out of the offering and sale of the Offered Shares, in any jurisdiction where it is not now so
subject. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) The Enbridge Entities will make generally available to security holders of the Company a consolidated earnings statement,
which need not be audited, covering a 12-month period commencing after the effective date of the Registration Statement and ending not later than 15 months thereafter, as soon as practicable after the end of such period, which consolidated earnings
statement shall satisfy the provisions of Section&nbsp;11(a) of the Act. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) If this Agreement shall terminate or shall be terminated
after execution pursuant to any provisions hereof (otherwise than pursuant to Section&nbsp;10 hereof or pursuant to clause (ii), (iii), (iv)&nbsp;or (v)&nbsp;of Section&nbsp;12 hereof) or if this Agreement shall be terminated by the Underwriters
because of any failure or refusal on the part of either of the Enbridge Entities or Enbridge to comply with the terms or fulfill any of the conditions of this Agreement, the Company agrees to reimburse the Underwriters for all out-of-pocket expenses
(including reasonable fees and expenses of counsel for the Underwriters) incurred by the Underwriters in connection herewith. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) The
Enbridge Entities will apply the net proceeds from the sale of the Offered Shares substantially in accordance with the description set forth in the Final Prospectus, and the Partnership shall duly authorize and issue i-units to the Company as
contemplated in the Final Prospectus. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k) Except as provided in this Agreement, none of the Companies nor Enbridge will offer, sell,
contract to sell or otherwise dispose of or hedge any Securities or any securities of the Company or of the Partnership substantially similar to, convertible into or exercisable or exchangeable for Securities, or grant any options or warrants to
purchase any Securities or any such securities, for a period of 45 days after the date of the Final Prospectus, without the prior written consent of the Representatives; <U>provided</U>, <U>however</U>, the foregoing restriction shall not apply to
(i)&nbsp;an automatic increase in the number of i-units outstanding and owned by the Company, (ii)&nbsp;the distribution of additional shares representing limited liability company interests in the Company to the owners of Company shares, upon the
occurrence of a regular quarterly cash distribution by the Partnership on its Class&nbsp;A Common Units and Class B Common Units, or (iii)&nbsp;for the avoidance of doubt, the proposed initial public offering of the common units of Midcoast Energy
Partners, L.P. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(l) Except as stated in this Agreement and in the Final Prospectus, none of the Companies nor
Enbridge has taken, nor will any of the Companies take, directly or indirectly, any action designed to or that might reasonably be expected to cause or result in stabilization or manipulation of the price of any securities of either of the Enbridge
Entities to facilitate the sale or resale of the Offered Shares. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(m) Each of the Enbridge Entities and Enbridge, during the Prospectus
Delivery Period, will file all documents required to be filed with the Commission pursuant to the Exchange Act within the time periods required by the Exchange Act. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(n) Each of the Enbridge Entities and Enbridge hereby acknowledges that the Underwriters are acting solely as underwriters in connection with
the purchase and sale of the Offered Shares. Each of the Enbridge Entities and Enbridge further acknowledges that the Underwriters are acting pursuant to a contractual relationship created solely by this Agreement entered into on an arm&#146;s
length basis and in no event do the parties intend that the Underwriters act or be responsible as a fiduciary to any of the Companies or Enbridge, their management, stockholders, creditors or any other person in connection with any activity that the
Underwriters may undertake or have undertaken in furtherance of the purchase and sale of the Offered Shares, either before or after the date hereof. The Underwriters hereby expressly disclaim any fiduciary or similar obligations to any of the
Companies or Enbridge, either in connection with the transactions contemplated by this Agreement or any matters leading up to such transactions, and each of the Enbridge Entities and Enbridge hereby confirms its understanding and agreement to that
effect. The Enbridge Entities, Enbridge and the Underwriters agree that they are each responsible for making their own independent judgments with respect to any such transactions and that any opinions or views expressed by the Underwriters to any of
the Companies or Enbridge regarding such transactions, including but not limited to any opinions or views with respect to the price or market for the Offered Shares, do not constitute advice or recommendations to any of the Companies or Enbridge.
Each of the Enbridge Entities and Enbridge hereby waives and releases, to the fullest extent permitted by law, any claims that it may have against the Underwriters with respect to any breach or alleged breach of any fiduciary or similar duty to any
of the Companies or Enbridge in connection with the transactions contemplated by this Agreement or any matters leading up to such transactions. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(o) Each of the Enbridge Entities and Enbridge hereby acknowledges that the Underwriters&#146; research analysts and research departments are
required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters&#146; research analysts may hold and make statements or investment recommendations
and/or publish research reports with respect to the Enbridge Entities, Enbridge and/or the offering of the Offered Shares that differ from the views of its investment bankers. Each of the Enbridge Entities and Enbridge acknowledges that each of the
Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity
securities of one or more of the Companies or Enbridge that may be the subject of the transactions contemplated by this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(p) The
Company will use its best efforts to have the Offered Shares listed, subject to official notice of issuance, on the NYSE on or before the Closing Date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(q) Upon completion of the offering of the Offered Shares and the issuance of the corresponding
i-units by the Partnership, the General Partner shall make the additional capital contributions to the Partnership as required by Section&nbsp;4.4(c) of the Fifth Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of
May&nbsp;8, 2013, as amended to date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">B. <U>Agreement of the Underwriters</U>. Each Underwriter, severally and not jointly agrees that,
without the prior written consent of the Company and the Representatives, it has not made and will not make any offer relating to the Shares that would constitute a &#147;free writing prospectus&#148; as defined in Rule 405 under the Act that is
required to be filed with the Commission. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6. <U>Representations and Warranties of the Enbridge Entities</U>. A. Each of the Enbridge
Entities, jointly and severally, represents and warrants (provided that no representation and/or warranty is hereby being made as to Enbridge, the Purchase Obligation or any of the Enbridge Information (as hereinafter defined)) to each Underwriter
that: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Registration Statement conformed and will conform in all material respects on the most recent Effective Date
and on the applicable Closing Date, and any amendment to the Registration Statement filed after the date hereof will conform in all material respects when filed, to the requirements of the Act. The Pricing Disclosure Package conformed, and the Final
Prospectus will conform, in all material respects when filed with the Commission pursuant to Rule 424(b) and on the applicable Closing Date to the requirements of the Act. The Registration Statement did not, as of the most recent Effective Date,
contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading, and the statements made or to be made in such document that are covered by Rule
175(b) under the Act were made or will be made with a reasonable basis and in good faith; <U><I>provided</I></U> that no representation or warranty is made as to information contained in or omitted from such document in reliance upon and in
conformity with written information furnished to the Enbridge Entities through the Underwriters specifically for inclusion therein, which information is specified in Section&nbsp;13 hereof. The Final Prospectus will not, as of its date and on the
applicable Closing Date, include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading;
<U><I>provided</I></U> that no representation or warranty is made as to information included in or omitted from the Final Prospectus in reliance upon and in conformity with written information furnished to the Enbridge Entities through the
Underwriters specifically for inclusion therein, which information is specified in Section&nbsp;13 hereof. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The
Incorporated Documents (other than those filed by Enbridge) heretofore filed, when they were filed (or, if any amendment with respect to any such document was filed, when such amendment was filed), conformed in all material respects with the
requirements of the Exchange Act; any further Incorporated Documents (other than those filed by Enbridge) so filed will, when they are filed, conform in all material respects with the requirements of the Exchange Act; no Incorporated Document (other
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
than those filed by Enbridge) when it was filed (or, if an amendment with respect to any such document was filed, when such amendment was filed), included an untrue statement of a material fact
or omitted to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and no such further document, when it is filed, will include an untrue statement of a
material fact or will omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Pricing Disclosure Package did not, as of the Applicable Time, include an untrue statement of a material fact or omit
to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; <U><I>provided</I></U> that no representation or warranty is made as to information included in
or omitted from the Pricing Disclosure Package in reliance upon and in conformity with written information furnished to the Enbridge Entities through the Underwriters specifically for inclusion therein, which information is specified in
Section&nbsp;13 hereof. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Each Issuer Free Writing Prospectus (including, without limitation, any road show that is a
free writing prospectus under Rule 433), when considered together with the Pricing Disclosure Package as of the Applicable Time, did not contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading. Each Issuer Free Writing Prospectus, as of its date and at all subsequent times through the completion of the offering of the Offered Shares, did not,
does not and will not include any information that conflicted, conflicts or will conflict with the information contained in the Registration Statement, the Pricing Disclosure Package or the Final Prospectus. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Each Issuer Free Writing Prospectus conformed or will conform in all material respects to the requirements of the Act on
the date of first use, and the Company has complied with any filing requirements applicable to such Issuer Free Writing Prospectus pursuant to the Act. Neither of the Enbridge Entities has made any offer relating to the Offered Shares that would
constitute an Issuer Free Writing Prospectus without the prior written consent of the Representatives. The Enbridge Entities have retained in accordance with the Act all Issuer Free Writing Prospectuses that were not required to be filed pursuant to
the Act. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) Each of the Enbridge Entities has been at all times since the initial filing of the EEQ/EEP Registration
Statement and continues to be a &#147;well-known seasoned issuer&#148; (as defined in Rule 405 under the Act) eligible to use an &#147;automatic shelf registration statement&#148; (as defined in Rule 405 under the Act) for the registration of the
Offered Shares, and has not been an &#147;ineligible issuer&#148; (as defined in Rule 405 under the Act) with respect to firm commitment underwritings at any time since such date. Neither of the Enbridge Entities has received from the Commission any
notice pursuant to Rule 401(g)(2) under the Act objecting to the use of the form of automatic shelf registration statement (as defined in Rule 405 under the Act). To the knowledge of the Enbridge Entities, the EEQ/EEP Registration Statement is not
the subject of a pending proceeding or examination under Section&nbsp;8(d) or 8(e) of the Act, and neither of the Enbridge Entities is the subject of a pending proceeding under Section&nbsp;8A of the Act in connection with the offering of the
Offered Shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) The capitalization of the Company as at June&nbsp;30, 2013 was as set forth
in the Preliminary Prospectus under the heading &#147;Capitalization&#148;. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) The outstanding i-units in the Partnership
have been duly and validly authorized and issued and are fully paid and non-assessable (except as non-assessability may be affected by the Delaware Revised Uniform Limited Partnership Act (the &#147;<U>Delaware Act</U>&#148;)) and free of any
preemptive or similar rights (except for any required Capital Contributions to the Partnership to be made by the General Partner pursuant to Section&nbsp;4.4(c) of the Partnership Agreement), and are owned by the Company free and clear of liens,
encumbrances, security interests, charges or claims. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) The Shares of the Company have been duly and validly authorized
and issued and are fully paid and nonassessable, except as such non-assessability may be affected by the Delaware Limited Liability Company Act (the &#147;<U>Delaware LLC Act</U>&#148;). The Offered Shares and the limited liability company interests
represented thereby and the corresponding i-units have been duly and validly authorized and, when issued, delivered and paid for in accordance with Section&nbsp;4 hereof (or in the case of the i-units, as set forth in the Final Prospectus), will be
validly issued, fully paid and nonassessable except as non-assessability may be affected by the Delaware LLC Act or the Delaware Act, free of any preemptive or similar rights, and the Underwriters will acquire such Offered Shares free and clear of
any liens, encumbrances, security interests, charges or claims. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) The Partnership has been duly formed and is validly
existing as a limited partnership in good standing under the Delaware Act, with partnership power and authority to own or lease its properties and to conduct its business as described in the Pricing Disclosure Package and the Registration Statement.
The Partnership, directly or indirectly, owns the percentage of the equity interests of each of the subsidiaries listed on <U>Schedule IIIA</U> hereto (the &#147;<U>Operating Subsidiaries</U>&#148;), free and clear of any lien, encumbrance, security
interest, equity, charge or claim (&#147;<U>Lien</U>&#148;) except for such Liens as are not, individually or in the aggregate, material to such ownership interest or as described in the Pricing Disclosure Package and the Registration Statement.
Each of the Operating Subsidiaries has been duly incorporated, formed or organized, as the case may be, and is validly existing as a corporation, general partnership, limited liability company or limited partnership, as the case may be, in good
standing under the laws of its respective jurisdiction of incorporation, formation or organization as set forth on <U>Schedule IIIA</U>, with full corporate, limited liability company or partnership, as the case may be, power and authority to own or
lease its properties and to conduct its business as described in the Pricing Disclosure Package and the Registration Statement. The common stock, limited liability company interests and partnership interests, as the case may be, of the Operating
Subsidiaries have been duly and validly authorized and issued and are fully paid and (except as required to the contrary by the Delaware LLC Act or the Delaware Act, as the case may be) nonassessable. Except as described in the Registration
Statement and the Pricing Disclosure Package, no options, warrants or other rights to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
purchase, agreements or other obligations to issue or other rights to convert any obligation into shares of capital stock or ownership interests in the Operating Subsidiaries are outstanding. The
Operating Subsidiaries that are material to the Partnership, including, without limitation, each Operating Subsidiary that meets any of the following conditions (collectively, the &#147;<U>Material Subsidiaries</U>&#148;) are listed on <U>Schedule
IIIB</U> hereto: (i)&nbsp;the Partnership&#146;s and its other subsidiaries&#146; investments in and advances to such subsidiary exceed 10 percent of the Partnership&#146;s consolidated assets as of December&nbsp;31, 2012; (ii)&nbsp;the
Partnership&#146;s and its other subsidiaries&#146; proportionate share of the consolidated assets (after intercompany eliminations) of such subsidiary exceeds 10 percent of the Partnership&#146;s consolidated assets as of December&nbsp;31, 2012; or
(iii)&nbsp;the Partnership&#146;s and its other subsidiaries&#146; equity in the income from continuing operations before income taxes and extraordinary items of such subsidiary exceeds 10 percent of such income of the Partnership and its
subsidiaries, on a consolidated basis, for the year ended December&nbsp;31, 2012. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k) The General Partner has been duly
incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware, with the corporate power and authority to own or lease its properties, to conduct its businesses and to act as a general partner of the
Partnership, in each case as described in the Pricing Disclosure Package and the Registration Statement. The General Partner owns all of the voting shares of the Company. The voting shares of the Company have been duly and validly authorized and
issued and are fully paid and (except as required to the contrary by the Delaware LLC Act or the Delaware Act), nonassessable. The General Partner is the sole general partner of the Partnership, and the General Partner&#146;s ownership of the
Partnership is as set forth in the Preliminary Prospectus under the heading &#147;Prospectus Supplement Summary&#151;Organizational Structure.&#148; Except as described in the Pricing Disclosure Package or as set forth in the Partnership Agreement
or the Delegation of Control Agreement, dated as of October&nbsp;17, 2002 and amended by the First Amending Agreement dated as of February&nbsp;21, 2005, among the General Partner, the Company and the Partnership, as amended to the date of this
Agreement, the General Partner has delegated all of its power to manage and control the business and affairs of the Partnership to the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(l) The Company has been duly formed and is validly existing as a limited liability company in good standing under the laws of
the State of Delaware, with full limited liability company power and authority to own or lease its properties and to conduct its business as described in the Pricing Disclosure Package and the Registration Statement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(m) PricewaterhouseCoopers LLP, which has certified or shall certify the financial statements included or incorporated by
reference in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus, is, in respect of each of the Enbridge Entities, an independent registered public accounting firm as required by the Act; <U><I>provided</I></U> that
no representation or warranty is hereby made with respect to Enbridge. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(n) The historical financial statements, together with related schedules and
notes, included or incorporated by reference in the Registration Statement and the Pricing Disclosure Package (and any amendment or supplement thereto), other than the financial statements, schedules and notes of Enbridge incorporated by reference
into the Registration Statement and the Pricing Disclosure Package as to which no representation or warranty is hereby made, present fairly the consolidated financial position, results of operations and changes in financial position of the
Partnership or the Company, as applicable, on the basis stated in the Registration Statement and the Pricing Disclosure Package at the respective dates or for the respective periods to which they apply; such statements and related schedules and
notes comply as to form in all material respects with the applicable accounting requirements of the Act, the Exchange Act, and have been prepared in accordance with generally accepted accounting principles consistently applied throughout the periods
involved, except as disclosed therein; the other summary and selected financial and statistical information and financial data included or incorporated by reference in the Registration Statement and the Pricing Disclosure Package (and any amendment
or supplement thereto), other than any summary and selected financial and statistical information and financial data of Enbridge as to which no representation or warranty is hereby made, are accurately presented and prepared on a basis consistent
with such financial statements and the books and records of the Companies; and any pro forma financial statements or financial data included in or incorporated by reference in the Registration Statement, the Pricing Disclosure Package and the Final
Prospectus, other than any pro forma financial statements or financial data of Enbridge as to which no representation or warranty is hereby made, comply as to form in all material respects with the applicable accounting requirements of the Act, the
Exchange Act and the rules and regulations of the Commission under such acts, and except to the extent stated in such pro forma financial statements or financial data, have been prepared on a basis consistent with the historical consolidated
financial statements of the Partnership or the Company, as applicable, and give effect to the assumptions used in the preparation of such pro forma financial statements and financial data on a reasonable basis and in good faith. There are no
financial statements (historical or pro forma), other than financial statements of Enbridge as to which no representation or warranty is hereby made, that are required to be included in the Registration Statement and the Pricing Disclosure Package
that are not included as required; and the Companies and the Operating Subsidiaries do not have any material liabilities or obligations, direct or contingent (including any off-balance sheet obligations), not disclosed in the Registration Statement
and the Pricing Disclosure Package. All disclosures contained or incorporated by reference in the Registration Statement and the Pricing Disclosure Package regarding &#147;non-GAAP financial measures&#148; (as such term is defined by the rules and
regulations of the Commission), other than disclosures of Enbridge as to which no representation or warranty is hereby made, comply with Regulation G of the Exchange Act and Item&nbsp;10 of Regulation S-K under the Act, to the extent applicable.
There is, and has been, no failure by any of the Companies, or any of the Companies&#146; officers and directors, acting in their capacity as such, to comply with any provision of the Sarbanes-Oxley Act of 2002, including the rules and regulations
promulgated thereunder (collectively, the &#147;<U>Sarbanes-Oxley Act</U>&#148;). There is, and has been, no material failure by any of the Companies, or any of the Companies&#146; officers and directors, acting in their capacity as such, to comply
with the rules of the NYSE that are effective and applicable to the Companies. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(o) Each of the Enbridge Entities has all of the necessary partnership or limited
liability company, as the case may be, power and authority to enter into this Agreement and consummate the transactions contemplated hereby. The execution and delivery of, and the performance by the Enbridge Entities of their respective obligations
under this Agreement have been duly and validly authorized by each of the Enbridge Entities, and this Agreement has been duly executed and delivered by each of the Enbridge Entities. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(p) None of (i)&nbsp;the offer, sale or delivery of the Offered Shares by the Company, (ii)&nbsp;the issuance of the
corresponding i-units by the Partnership (iii)&nbsp;the execution, delivery or performance of this Agreement by the Enbridge Entities, (iv)&nbsp;compliance by the Enbridge Entities with the provisions hereof or (v)&nbsp;consummation by the Enbridge
Entities of the transactions contemplated hereby results in or constitutes or, at the Closing Date will result in or constitute (A)&nbsp;the imposition of any Lien upon any property or assets of any of the Companies or any of the Operating
Subsidiaries, (B)&nbsp;a breach of, or a default under, (1)&nbsp;the organizational documents of either of the Enbridge Entities, or (2)&nbsp;any contract, indenture, mortgage, deed of trust, loan or credit agreement, note, lease or other agreement
or instrument to which any of the Companies or the Operating Subsidiaries is a party or by which any of them may be bound or to which any of their respective properties is subject, or (C)&nbsp;any violation of (1)&nbsp;any existing law, regulation
or ruling (assuming compliance with all applicable federal and state securities and Blue Sky laws), (2)&nbsp;any rule or regulation of any self-regulatory organization or other non-governmental regulatory authority (including, without limitation,
the rules and regulations of the NYSE) applicable to the offer and sale of the Offered Shares or the issuance of the corresponding i-units, or (3)&nbsp;any judgment, injunction, order or decree to which any of the Companies or the Operating
Subsidiaries is a named party, excluding in each case other than clause (B)(1) any breaches, defaults or violations that, individually or in the aggregate, would not (a)&nbsp;have a material adverse effect on the financial position, results of
operations, business or prospects of the Company (taken individually) or the Companies and the Operating Subsidiaries (taken as a whole), (b)&nbsp;prevent or materially interfere with consummation of the transactions contemplated hereby or
(c)&nbsp;result in the delisting of the Class&nbsp;A Common Units or the Shares from the NYSE (the occurrence of any such effect or any such prevention or interference described in the foregoing clauses (a), (b)&nbsp;and (c)&nbsp;being herein
referred to as a &#147;<U>Material Adverse Effect</U>&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(q) Except as disclosed in the Registration Statement and
the Pricing Disclosure Package, subsequent to the respective dates as of which such information is given in the Registration Statement and the Pricing Disclosure Package, none of the Companies or the Operating Subsidiaries has incurred any liability
or obligation, direct or contingent, or entered into any transaction, not in the ordinary course of business, that is material to the shareholders of the Company or to the Companies and the Operating Subsidiaries (taken as a whole), and, there has
not been any change in the capital stock or partner&#146;s capital, or any material increase in the short-term debt or long-term debt of, any of the Companies, or any Material Adverse Effect, or any development that any of the Companies has
reasonable cause to believe will involve a prospective Material Adverse Effect. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(r) None of the Companies has distributed and, prior to the later to occur of
(i)&nbsp;the Closing Date and (ii)&nbsp;completion of the distribution of the Offered Shares, will distribute any offering material in connection with the offering and sale of the Offered Shares other than the Pricing Disclosure Package, the Final
Prospectus and any Issuer Free Writing Prospectus to which the Representatives have consented. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(s) Except as disclosed in
the Registration Statement and the Pricing Disclosure Package (or any amendment of supplement thereto), no more than five percent of the net proceeds from the sale of the Offered Shares are intended to be or will be paid to members of the Financial
Industry Regulatory Authority (&#147;<U>FINRA</U>&#148;) or associated or affiliated persons of such members, or members of the immediate family of such members. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(t) The Registration Statement has become effective under the Act. No other consent, approval, authorization, order,
registration or qualification of or with any court or governmental agency, body or instrumentality, including (i)&nbsp;any governmental agency, body or instrumentality governing (A)&nbsp;oil pipelines generally or (B)&nbsp;the issuance of securities
by entities owning oil pipelines, or (ii)&nbsp;any other governmental agency, body or instrumentality having jurisdiction over any of the Companies, as the case may be, or any of their respective properties, is required for the offering and sale of
the Offered Shares, the issuance of the corresponding i-units by the Partnership, or the consummation by either of the Enbridge Entities of the transactions contemplated by this Agreement, the Pricing Disclosure Package, the Final Prospectus, except
such consents, approvals, authorizations, orders, registrations or qualifications (1)&nbsp;as have been obtained, (2)&nbsp;as may be required under state securities or Blue Sky laws, (3)&nbsp;that, if not obtained, would not, individually or in the
aggregate, have a material adverse effect upon the ability of the Company, the Partnership and the Operating Subsidiaries (taken as a whole) to conduct their respective businesses substantially in accordance with the past practice of each, or
(4)&nbsp;as set forth or contemplated in the Pricing Disclosure Package. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(u) Based upon the advice of counsel, none of the
Companies or the Operating Subsidiaries is, or as of the Closing Date, after giving effect to the offering and sale of the Offered Shares, the issuance of the corresponding i-units and the application of the proceeds thereof as described in the
Pricing Disclosure Package, will be, an &#147;Investment Company&#148; as that term is defined in the Investment Company Act of 1940, as amended (the &#147;<U>Investment Company Act</U>&#148;), or required to register as an &#147;Investment
Company&#148; under the Investment Company Act. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) No holder of any security of the Company or the Partnership and no
other person has any right to require registration of any interest or other security of the Company or the Partnership because of the filing of the Registration Statement or consummation of the transactions contemplated by this Agreement, including
the offering, issuance and sale of the Offered Shares and the corresponding i-units. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(w) There are no legal or governmental proceedings pending or, to the knowledge
of any of the Companies, threatened, against any of the Companies or the Operating Subsidiaries or any of their respective directors or officers, or to which any of the Companies, the Operating Subsidiaries or any of their respective directors or
officers, or to which any of the respective properties of any of the Companies or the Operating Subsidiaries is subject, that are required to be described in the Registration Statement or the Pricing Disclosure Package and are not described as
required. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(x) The General Partner is qualified to conduct business as a foreign corporation in the States of Illinois,
Indiana, Michigan, Minnesota, Mississippi, New York, North Dakota, Texas and Wisconsin, which are the only jurisdictions within the United States in which the General Partner owns or leases property, or conducts business as a foreign corporation so
as to require the General Partner to qualify to conduct business as a foreign corporation and in which the failure to so qualify would be likely to have a Material Adverse Effect. The Partnership is qualified to conduct business as a foreign limited
partnership in the States of Illinois, North Dakota and Texas, which are the only jurisdictions within the United States in which the Partnership owns or leases property, or conducts business as a foreign limited partnership so as to require the
Partnership to qualify to conduct business as a foreign limited partnership and in which the failure to so qualify would be likely to have a Material Adverse Effect. The Company is qualified to conduct business as a foreign limited liability company
in each jurisdiction within the United States in which the Company owns or leases property, or conducts business as a foreign corporation so as to require the Company to qualify to conduct business as a foreign limited liability company and in which
the failure to so qualify would be likely to have a Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(y) Each of the Companies and the Operating
Subsidiaries owns or leases all properties as are necessary to the conduct of their operations as described in the Pricing Disclosure Package, except where the failure to own or lease any of such properties would not, individually or in the
aggregate, have a Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(z) Each of the Companies and the Operating Subsidiaries has all necessary
licenses, authorizations, consents and approvals and has made all necessary filings required under any federal, state, local or foreign law, regulation or rule, and has obtained all necessary authorizations, consents and approvals from other
persons, in order to conduct its respective business; none of the Companies and the Operating Subsidiaries is in violation of, or in default under, or has received notice of any proceedings relating to revocation or modification of, any such
license, authorization, consent or approval or any federal, state, local or foreign law, regulation or rule or any decree, order or judgment applicable to the Companies and the Operating Subsidiaries, except where such violation, default, revocation
or modification would not, individually or in the aggregate, have a Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(aa) None of the Material
Subsidiaries is engaged in any unfair labor practice; except for matters that would not, individually or in the aggregate, have a Material Adverse Effect, (i)&nbsp;there is (A)&nbsp;no unfair labor practice complaint pending or, to the knowledge of
any of the Companies after due inquiry, threatened against any of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
Material Subsidiaries before the National Labor Relations Board, and no grievance or arbitration proceeding arising out of or under collective bargaining agreements is pending or threatened,
(B)&nbsp;no strike, labor dispute, slowdown or stoppage pending or, to the knowledge of the Companies after due inquiry, threatened against any of the Material Subsidiaries, and (C)&nbsp;no union representation dispute currently existing concerning
the employees of any of the Material Subsidiaries, and (ii)&nbsp;to the knowledge of the Companies after due inquiry, (A)&nbsp;no union organizing activities that could have a Material Adverse Effect are currently taking place concerning the
employees of any of the Material Subsidiaries and (B)&nbsp;there has been no violation of any federal, state, local or foreign law relating to discrimination in the hiring, promotion or pay of employees, any applicable wage or hour laws or any
provision of the Employee Retirement Income Security Act of 1974 (&#147;<U>ERISA</U>&#148;) or the rules and regulations promulgated thereunder concerning the employees of any of the Material Subsidiaries. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(bb) The Companies and the Operating Subsidiaries and their properties, assets and operations are in compliance with, and hold
all permits, authorizations and approvals required under, Environmental Laws (as defined below), except to the extent that failure to so comply or to hold such permits, authorizations or approvals would not, individually or in the aggregate, have a
Material Adverse Effect. Except as disclosed in the Registration Statement and the Pricing Disclosure Package, there are no past, present or, to the knowledge of the Companies after due inquiry, reasonably anticipated future events, conditions,
circumstances, activities, practices, actions, omissions or plans that could reasonably be expected to give rise to any material costs or liabilities to the Companies or the Operating Subsidiaries under, or to interfere with or prevent compliance by
the Companies or the Operating Subsidiaries with, Environmental Laws; except as would not, individually or in the aggregate, have a Material Adverse Effect. Except as disclosed in the Registration Statement and the Pricing Disclosure Package or as
would not, individually or in the aggregate, have a Material Adverse Effect, none of the Companies nor any of the Operating Subsidiaries (i)&nbsp;is the subject of any investigation, (ii)&nbsp;has received any notice or claim, (iii)&nbsp;is a party
to or affected by any pending or threatened action, suit or proceeding, (iv)&nbsp;is bound by any judgment, decree or order, or (v)&nbsp;has entered into any agreement, in each case relating to any alleged violation of any Environmental Law or any
actual or alleged release or threatened release or cleanup at any location of any Hazardous Materials (as defined below). (As used herein, &#147;Environmental Law&#148; means any federal, state, local or foreign law, statute, ordinance, rule,
regulation, order, decree, judgment, injunction, permit, license, authorization or other binding requirement, or common law, relating to health, safety or the protection, cleanup or restoration of the environment or natural resources, including
those relating to the distribution, processing, generation, treatment, storage, disposal, transportation, other handling or release or threatened release of Hazardous Materials, and &#147;Hazardous Materials&#148; means any material (including,
without limitation, pollutants, contaminants, hazardous or toxic substances or wastes) that is regulated by or may give rise to liability under any Environmental Law). In the ordinary course of their business, the Companies and each of the Operating
Subsidiaries conducts a periodic review of the effect of the Environmental Laws on its business, operations and properties, in the course of which it identifies and evaluates associated costs and liabilities (including, without limitation, any
capital or operating expenditures required for cleanup, closure of properties or compliance with the Environmental Laws or any permit, license or approval, any related constraints on operating activities and any potential liabilities to third
parties). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(cc) The Offered Shares and the corresponding i-units to be issued by the
Partnership, when issued and delivered, in accordance with the terms of the LLC Agreement or the Fifth Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of May&nbsp;8, 2013, as amended to date (the
&#147;<U>Partnership Agreement</U>&#148;), as applicable, and this Agreement, against payment therefor as provided herein, conform in all material respects to the descriptions thereof contained or incorporated by reference in the Pricing Disclosure
Package and the Final Prospectus. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(dd) The Companies and each of the Operating Subsidiaries maintains insurance covering
its properties, operations, personnel and businesses as the Companies deem adequate; such insurance insures against such losses and risks to an extent that is adequate in accordance with customary industry practice to protect the Companies and the
Operating Subsidiaries and their businesses. All such insurance is fully in force on the date hereof and will be fully in force at the time of purchase and any additional time of purchase. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ee) Neither the Companies nor any of the Operating Subsidiaries has sustained, since the date of the last audited consolidated
financial statements of the Partnership and the Company included or incorporated by reference in the Registration Statement or the Pricing Disclosure Package, any loss or interference with its respective business from fire, explosion, flood or other
calamity, whether or not covered by insurance, or from any court or governmental action, order or decree, except as would not, individually or in the aggregate, have a Material Adverse Effect. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ff) Any statistical and market-related data included in the Registration Statement and the Pricing Disclosure Package are
based on or derived from sources that the Companies believe to be reliable and accurate, and the Companies have obtained the written consent to the use of such data from such sources to the extent required. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(gg) The Companies and each of their subsidiaries maintain a system of internal accounting controls sufficient to provide
reasonable assurance that (i)&nbsp;transactions are executed in accordance with management&#146;s general or specific authorization; (ii)&nbsp;transactions are recorded as necessary to permit preparation of financial statements in conformity with
generally accepted accounting principles and to maintain accountability for assets; (iii)&nbsp;access to assets is permitted only in accordance with management&#146;s general or specific authorization; (iv)&nbsp;the recorded accountability for
assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences; and (v)&nbsp;the interactive data in eXtensible Business Reporting Language incorporated by reference in the
Registration Statement and the Pricing Disclosure Package fairly presents the information called for in all material respects and is prepared in accordance with the Commission&#146;s rules and guidelines applicable thereto. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(hh) The Partnership and the Company each has established and maintains and
evaluates &#147;disclosure controls and procedures&#148; (as such term is defined in Rules 13a-15 and 15d-15 under the Exchange Act), and &#147;internal control over financial reporting&#148; (as such term is defined in Rules 13a-15 and 15d-15 under
the Exchange Act); such disclosure controls and procedures are designed to ensure that material information relating to the Companies, including their consolidated subsidiaries, is made known to the principal executive officer and the principal
financial officer of the Companies by others within those entities, particularly during the periods in which the periodic reports required under the Exchange Act are being prepared, and such disclosure controls and procedures are effective in all
material respects to perform the functions for which they were established; the independent auditors of the Enbridge Entities and the audit committee of the Board of Directors of the Company have been advised of: (i)&nbsp;all significant
deficiencies, if any, in the design or operation of internal controls that could adversely affect the Company&#146;s or the Partnership&#146;s ability to record, process, summarize and report financial data; and (ii)&nbsp;all fraud, if any, whether
or not material, that involves management or other employees who have a role in the Company&#146;s or the Partnership&#146;s internal controls; all material weaknesses, if any, in internal controls have been identified to the Company and the
Partnership&#146;s independent auditors; other than as described in the Incorporated Documents, since the date of the most recent evaluation of such disclosure controls and procedures and internal controls, there have been no significant changes in
internal controls or in other factors that could significantly affect internal controls, including any corrective actions with regard to significant deficiencies and material weaknesses; and the principal executive officers (or their equivalents)
and principal financial officers (or their equivalents) of each of the Enbridge Entities, as applicable, have made all certifications required by the Sarbanes-Oxley Act and any related rules and regulations promulgated by the Commission, and the
statements contained in each such certification are complete and correct. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) Each &#147;forward-looking statement&#148;
(within the meaning of Section&nbsp;27A of the Act or Section&nbsp;21E of the Exchange Act) contained or incorporated by reference in the Registration Statement or Pricing Disclosure Package has been made with a reasonable basis and in good faith.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(jj) No subsidiary of the Partnership is currently prohibited, directly or indirectly, from paying any dividends or making
any distribution to its immediate parent entity, from making any other distribution on such subsidiary&#146;s capital stock, limited liability company interests or partnership interests, as applicable, from paying the Partnership principal and
interest owed on any loans or advances to such subsidiary from the Partnership or from transferring any of such subsidiary&#146;s property or assets to the Partnership, or any other subsidiary of the Partnership, as applicable. The Partnership is
not currently prohibited, directly or indirectly, from making any distribution to the Company in respect of the i-units in the Partnership owned by the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(kk) Each of the Enbridge Entities is in material compliance with the rules of the NYSE, including, without limitation, the
requirements for continued listing of the Shares and the Class&nbsp;A Common Units of the Partnership on the NYSE, and neither of the Enbridge Entities has received any notice from the NYSE regarding the delisting of the Shares or the Class&nbsp;A
Common Units of the Partnership from the NYSE. </P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ll) To the Enbridge Entities&#146; knowledge, there are no affiliations or
associations between (i)&nbsp;any member of the FINRA and (ii)&nbsp;the Partnership, the Company or any of their respective officers, directors or 5% or greater security holders, except as disclosed in the Registration Statement and the Pricing
Disclosure Package. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(mm) The statements in the Preliminary Prospectus under the heading &#147;Material Tax
Consequences&#148; fairly summarize the matters therein described, and the statements set forth in the Preliminary Prospectus under the captions &#147;Description of Our Listed Shares,&#148; and &#147;Description of the I-Units&#148; insofar as they
purport to constitute a summary of the terms of the Shares and the corresponding i-units, are accurate and complete in all material respects. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(nn) The composition of the audit committee of the Company&#146;s Board of Directors complies with the applicable requirements
of the NYSE and the Commission. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(oo) Based upon advice of counsel, no consent, approval, authorization, order,
registration or qualification of or with, any governmental agency or other governmental instrumentality of Canada or any province thereof having jurisdiction over any of the Companies or Enbridge Pipelines Inc. (&#147;<U>EPI</U>&#148;) is required
for the offering and sale of the Offered Shares or the issuance of the corresponding i-units as contemplated by the Pricing Disclosure Package. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(pp) There is no litigation or governmental proceeding to which any of the Companies or any of the Operating Subsidiaries is a
party or to which any of their properties are subject that is pending or, to the knowledge of the Enbridge Entities&#146;, threatened against any of them that, if adversely determined, would have a Material Adverse Effect. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(qq) The interactive data in eXtensbile Business Reporting Language included or incorporated by reference in the Registration
Statement, the Final Prospectus and the Pricing Disclosure Package fairly presents the information called for in all material respects and has been prepared in accordance with the Commission&#146;s rules and guidelines applicable thereto at the time
such interactive data was filed with the Commission. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">B. Enbridge represents and warrants to, and agrees with, each of the Underwriters
that: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The information under the heading &#147;Enbridge Inc.&#148; and &#147;Enforcement of Civil Liabilities&#148; in
the base prospectus, the Enbridge Registration Statement, any summary and selected financial and statistical information and financial data of Enbridge contained or incorporated by reference in the Registration Statement, the Pricing Disclosure
Package or the Final Prospectus, and any information relating to Enbridge in Part II of the Registration Statement under headings identified as containing </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
information relating to Enbridge and the Incorporated Documents filed by Enbridge (all of such information relating to Enbridge being referred to herein collectively as the &#147;<U>Enbridge
Information</U>&#148;) conformed when filed in all material respects with the requirements of the Exchange Act; any further Incorporated Documents filed by Enbridge will, when they are filed, conform in all material respects with the requirements of
the Exchange Act; no Incorporated Document filed by Enbridge when it was filed (or, if an amendment with respect to any such document was filed, when such amendment was filed), included an untrue statement of a material fact or omitted to state a
material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and no such further document, when it is filed, will include an untrue statement of a material fact or will omit to
state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Enbridge and the offering of the Purchase Obligation meet the requirements for using Form F-3 under the Act. Enbridge has
not been an &#147;ineligible issuer&#148; (as defined in Rule 405 under the Act) at any time since February&nbsp;13, 2013. Enbridge has not received from the Commission any notice objecting to the use of the Enbridge Registration Statement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Enbridge Information contained or incorporated by reference in the Registration Statement conformed and will conform in
all material respects on the most recent Effective Date and on the applicable Closing Date, and any amendment to the Registration Statement filed after the date hereof will conform in all material respects when filed, to the requirements of the Act.
The Enbridge Information contained or incorporated by reference in the Pricing Disclosure Package conformed, and the Enbridge Information contained or incorporated by reference in the Final Prospectus will conform, in all material respects when
filed with the Commission pursuant to Rule 424(b) and on the applicable Closing Date to the requirements of the Act. The Enbridge Information contained or incorporated by reference in the Registration Statement did not, as of the most recent
Effective Date, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading, and the statements made or to be made in such document that are
covered by Rule 175(b) under the Act were made or will be made with a reasonable basis and in good faith; <U><I>provided</I></U> that no representation or warranty is made as to Enbridge Information contained in or omitted from such document in
reliance upon and in conformity with written information furnished to the Enbridge Entities through the Underwriters specifically for inclusion therein, which information is specified in Section&nbsp;13 hereof. The Enbridge Information contained or
incorporated by reference in the Final Prospectus will not, as of its date and on the applicable Closing Date, include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading; <U><I>provided</I></U> that no representation or warranty is made as to information included in or omitted from the Final Prospectus in reliance upon and in conformity with
written information furnished to the Enbridge Entities through the Underwriters specifically for inclusion therein, which information is specified in Section&nbsp;13 hereof. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Enbridge has been duly incorporated and is validly existing as a corporation
in good standing under the laws of Canada, with full corporate power and authority to own or lease its properties and to conduct its business as described in the Pricing Disclosure Package and the Final Prospectus. Enbridge indirectly wholly owns
the General Partner free and clear of any lien, encumbrance, security interest, equity or charge (except for such liens, encumbrances, security interests, equities or charges as are not, individually or in the aggregate, material to such interest
ownership or as described in the Pricing Disclosure Package and the Final Prospectus). The shares of stock in the General Partner indirectly owned by Enbridge have been duly and validly authorized and issued and are fully paid and non-assessable.
Complete and correct copies of the Certificate of Incorporation of Enbridge, and all amendments thereto, and of the Bylaws of Enbridge, as amended, have been delivered to the Underwriters. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) PricewaterhouseCoopers LLP, which has certified or shall certify the financial statements of Enbridge included or
incorporated by reference in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus, is, in respect of Enbridge, an independent registered public accounting firm as required by the Act. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) The historical financial statements of Enbridge, together with related schedules and notes, included or incorporated by
reference in the Registration Statement and the Pricing Disclosure Package (and any amendment or supplement thereto), present fairly the consolidated financial position, results of operations and changes in financial position of Enbridge on the
basis stated in the Registration Statement and the Pricing Disclosure Package at the respective dates or for the respective periods to which they apply; such statements and related schedules and notes comply as to form in all material respects with
the applicable accounting requirements of the Act, the Exchange Act, and have been prepared in accordance with U.S. generally accepted accounting principles consistently applied throughout the periods involved, except as disclosed therein; the other
summary and selected financial and statistical information and financial data of Enbridge included or incorporated by reference in the Registration Statement and the Pricing Disclosure Package (and any amendment or supplement thereto) are accurately
presented and prepared on a basis consistent with such financial statements and the books and records of Enbridge; and any pro forma financial statements or financial data of Enbridge included in or incorporated by reference in the Registration
Statement, the Pricing Disclosure Package and the Final Prospectus comply as to form in all material respects with the applicable accounting requirements of the Act, the Exchange Act and the rules and regulations of the Commission under such acts,
and except to the extent stated in such pro forma financial statements or financial data, have been prepared on a basis consistent with the historical consolidated financial statements of Enbridge, and give effect to the assumptions used in the
preparation of such pro forma financial statements and financial data on a reasonable basis and in good faith. There are no financial statements (historical or pro forma) of Enbridge that are required to be included in the Registration Statement and
the Pricing Disclosure Package that are not included as required. All disclosures of Enbridge contained or incorporated by reference in the Registration Statement and the Pricing Disclosure Package regarding &#147;non-GAAP financial measures&#148;
(as such term is defined by the rules and regulations of the Commission) comply with Regulation G of the Exchange Act and Item&nbsp;10 of Regulation S-K under the Act, to the extent applicable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) Enbridge has all of the necessary corporate power and authority to enter into
this Agreement and consummate the transactions contemplated hereby. The execution and delivery of, and the performance by Enbridge of its obligations under this Agreement have been duly and validly authorized, and this Agreement has been duly
executed and delivered, by Enbridge. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) Neither the execution, delivery or performance of this Agreement, compliance by
Enbridge with the provisions hereof nor consummation by Enbridge of the transactions contemplated hereby constitutes or, at the Closing will constitute, as the case may be, a breach of, or a default under, (i)&nbsp;the Certificate of Incorporation
or the Bylaws of Enbridge or (ii)&nbsp;any contract, indenture, mortgage, deed of trust, loan or credit agreement, note, lease or other agreement or instrument to which Enbridge is a party or by which it may be bound or to which its properties is
subject, nor will any such action result in any violation of any existing law, regulation, ruling (assuming compliance with all applicable federal, provincial and state securities and Blue Sky laws), judgment, injunction, order or decree to which it
is a named party, excluding in each case other than clause (h)(i) any breaches, defaults or violations which, individually or in the aggregate, would not have a material adverse effect on the financial position or results of operations, business or
prospects of Enbridge and its subsidiaries (taken as a whole); and no consent, approval, authorization, order, registration or qualification of or with any court or governmental agency or body is required for the consummation by Enbridge of the
transactions contemplated by this Agreement, except for such consents, approvals, authorizations, registrations or qualifications as may be required under state or provincial securities or Blue Sky laws in connection with the purchase and
distribution of the Offered Shares by the Underwriters, or except as would not have a have a material adverse effect on the financial position, results of operations, business or prospects of Enbridge and its subsidiaries (taken as a whole) or
prevent or materially interfere with the consummation of the transactions contemplated hereby. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Enbridge has not
distributed and, prior to the later to occur of (i)&nbsp;the Closing Date and (ii)&nbsp;completion of the distribution of the Offered Shares, will not distribute any offering material in connection with the offering and sale of the Offered Shares
other than the Pricing Disclosure Package, the Final Prospectus and any Issuer Free Writing Prospectus to which the Representatives have consented. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) Enbridge is not and, as of the Closing Date, after giving effect to the offering and sale of the Offered Shares, will not
be, an &#147;Investment Company&#148; as that term is defined in the Investment Company Act, or required to register as an &#147;Investment Company&#148; under the Investment Company Act. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k) There are no legal or governmental proceedings pending or, to the knowledge of Enbridge, threatened, against Enbridge or
any of its subsidiaries, or to which Enbridge or any of its subsidiaries of any of their respective properties, is subject, that are required to be described in the Registration Statement, the Pricing Disclosure Package or the Final Prospectus and
are not described as required. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(l) Enbridge is not (i)&nbsp;in violation of its incorporation documents or
(ii)&nbsp;in default in the performance or observance of any obligation, agreement, covenant or condition contained in any indenture, mortgage, deed of trust, loan agreement, lease or other agreement or instrument to which it is a party or by which
it or any of its properties may be bound, except for such violations or defaults as would not, individually or in the aggregate, have a material adverse effect on the financial position, results of operations, business or prospects of Enbridge and
its subsidiaries (taken as a whole). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(m) The interactive data in eXtensbile Business Reporting Language of Enbridge
included or incorporated by reference in the Registration Statement, the Final Prospectus and the Pricing Disclosure Package fairly presents the information called for in all material respects and has been prepared in accordance with the
Commission&#146;s rules and guidelines applicable thereto at the time such interactive data was filed with the Commission. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(n) When the conditions to the Purchase Obligation are satisfied, the Purchase Obligation will be a valid and legally binding
obligation of Enbridge, enforceable against Enbridge in accordance with its terms, subject to the qualification that (a)&nbsp;such enforceability may be limited by bankruptcy, insolvency, reorganization and other laws of general applicability
relating to or affecting creditors&#146; rights generally, and (b)&nbsp;such enforceability may be limited by general equitable principles. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7. <U>Indemnification and Contribution.</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Enbridge Entities agree, jointly and severally, to indemnify and hold harmless each Underwriter and its affiliates, its and their
partners, directors, officers, employees and agents and each person, if any, who controls any Underwriter within the meaning of Section&nbsp;15 of the Act or Section&nbsp;20 of the Exchange Act from and against any and all losses, claims, damages,
liabilities and expenses (including reasonable costs of investigation) arising out of or based upon any untrue statement or alleged untrue statement of a material fact contained in the Pricing Disclosure Package, any Issuer Free Writing Prospectus,
the Final Prospectus, or the Registration Statement or in any amendment or supplement thereto, other than any Enbridge Information, or arising out of or based upon any omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein (in the case of the Pricing Disclosure Package and the Final Prospectus, in the light of the circumstances under which they were made), not misleading, except insofar as such losses, claims,
damages, liabilities or expenses arise out of or are based upon any untrue statement or omission or alleged untrue statement or omission that has been made therein or omitted therefrom in reliance upon and in conformity with the information relating
to such Underwriter furnished in writing to the Enbridge Entities or Enbridge by or on behalf of such Underwriter expressly for use in connection therewith; <U>provided</U>, <U>however</U>, that the only information furnished in writing to the
Enbridge Entities or Enbridge by or on behalf of the Underwriters are the statements noted in Section&nbsp;13 hereof. The foregoing indemnity agreement shall be in addition to any liability that the Enbridge Entities may otherwise have. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Enbridge agrees to indemnify and hold harmless each Underwriter and its affiliates, its and
their partners, directors, officers, employees and agents and each person, if any, who controls any Underwriter within the meaning of Section&nbsp;15 of the Act or Section&nbsp;20 of the Exchange Act from and against any and all losses, claims,
damages, liabilities and expenses (including reasonable costs of investigation) arising out of or based upon any untrue statement or alleged untrue statement of a material fact contained in the Enbridge Information in the Pricing Disclosure Package,
any Issuer Free Writing Prospectus, the Final Prospectus, or the Registration Statement or in any amendment or supplement thereto, or arising out of or based upon any omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein (in the case of the Pricing Disclosure Package and the Final Prospectus, in the light of the circumstances under which they were made), not misleading, except insofar as such losses, claims,
damages, liabilities or expenses arise out of or are based upon any untrue statement or omission or alleged untrue statement or omission that has been made therein or omitted therefrom in reliance upon and in conformity with the information relating
to such Underwriter furnished in writing to the Enbridge Entities or Enbridge by or on behalf of such Underwriter expressly for use in connection therewith; provided, however, that the only information furnished in writing to the Enbridge Entities
or Enbridge by or on behalf of the Underwriters are the statements noted in Section&nbsp;13 hereof. The foregoing indemnity agreement shall be in addition to any liability that Enbridge may otherwise have. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) If any action, suit or proceeding shall be brought against any Underwriter or any person controlling any Underwriter within the meaning of
Section&nbsp;15 of the Act or Section&nbsp;20 of the Exchange Act in respect of which indemnity may be sought against the Enbridge Entities or Enbridge, such Underwriter or such controlling person shall promptly notify the Company on behalf of the
Enbridge Entities or Enbridge, as applicable, and the Enbridge Entities or Enbridge, as applicable, shall assume the defense thereof, including the employment of counsel reasonably satisfactory to the Underwriters and payment of all fees and
expenses. Such Underwriter or any such controlling person shall have the right to employ separate counsel in any such action, suit or proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the
expense of such Underwriter or such controlling person unless (i)&nbsp;the Enbridge Entities or Enbridge, as applicable, has agreed in writing to pay such fees and expenses, (ii)&nbsp;the Enbridge Entities or Enbridge, as applicable, have failed to
assume the defense and employ counsel reasonably satisfactory to the Underwriters or (iii)&nbsp;the named parties to any such action, suit or proceeding (including any impleaded parties) include both such Underwriter or such controlling person and
any or all of the Company, the Partnership or Enbridge, and such Underwriter or such controlling person shall have been advised by its counsel that representation of such indemnified party and any or all of the Company, the Partnership or Enbridge,
as the case may be, by the same counsel would be inappropriate under applicable standards of professional conduct (whether or not such representation by the same counsel has been proposed) due to actual or potential differing interests between them
(in which case the applicable party shall not have the right to assume the defense of such action, suit or proceeding on behalf of such Underwriter or such controlling person). It is understood, however, that the Enbridge Entities and Enbridge
shall, in connection with any one such action, suit or proceeding or separate but substantially similar or related actions, suits or proceedings in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the
reasonable fees and expenses of only one separate firm of attorneys (in addition to any local counsel) at any time for all such Underwriters and controlling persons not having actual or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
potential differing interests with you, which firm shall be designated in writing by the Representatives, and that all such fees and expenses shall be reimbursed as they are incurred. Neither of
the Enbridge Entities nor Enbridge shall be liable for any settlement of any such action, suit or proceeding effected without its written consent, but if settled with such written consent, or if there be a final judgment for the plaintiff in any
such action, suit or proceeding, each of the Enbridge Entities and Enbridge agrees to indemnify and hold harmless any Underwriter, to the extent provided in the applicable preceding paragraph (a)&nbsp;or (b), and any such controlling person from and
against any loss, claim, damage, liability or expense by reason of such settlement or judgment. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Each Underwriter agrees, severally and
not jointly, to indemnify and hold harmless each of the Enbridge Entities and Enbridge and their respective affiliates, and their directors, officers and employees, the directors and officers of Enbridge, the General Partner and of the Company and
any person who controls either of the Enbridge Entities or Enbridge within the meaning of Section&nbsp;15 of the Act or Section&nbsp;20 of the Exchange Act, to the same extent as the foregoing indemnity from the Enbridge Entities to each
Underwriter, but only with respect to information relating to such Underwriter furnished in writing by or on behalf of such Underwriter to the Enbridge Entities or to Enbridge expressly for use in the Registration Statement, the Pricing Disclosure
Package or the Final Prospectus; <U>provided</U>, <U>however</U>, that the only information furnished in writing to the Enbridge Entities or to Enbridge by or on behalf of the Underwriters are the statements noted in Section&nbsp;13 hereof. If any
action, suit or proceeding shall be brought against any of the Company, the Partnership, any of the directors and officers of the General Partner and of the Company, or any such controlling person based on the Registration Statement, the Pricing
Disclosure Package or the Final Prospectus, and in respect of which indemnity may be sought against any Underwriter pursuant to this paragraph (d), such Underwriter shall have the rights and duties given to the Enbridge Entities and Enbridge by
paragraph (c)&nbsp;above, and the Enbridge Entities, Enbridge the directors and officers of the General Partner and of the Enbridge Entities and Enbridge, and any such controlling person, shall have the rights and duties given to the Underwriters by
paragraph (c)&nbsp;above. The foregoing indemnity agreement shall be in addition to any liability that the Underwriters may otherwise have. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) If the indemnification provided for in this Section&nbsp;7 is unavailable to an indemnified party under paragraphs (a), (b)&nbsp;or
(d)&nbsp;hereof in respect of any losses, claims, damages, liabilities or expenses referred to therein, then an indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified
party as a result of such losses, claims, damages, liabilities or expenses (i)&nbsp;in such proportion as is appropriate to reflect the relative benefits received by the Enbridge Entities and Enbridge, on the one hand, and the Underwriters on the
other hand, from the offering of the Offered Shares, or (ii)&nbsp;if the allocation provided by clause (i)&nbsp;above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in
clause (i)&nbsp;above but also the relative fault of the Enbridge Entities and Enbridge, on the one hand, and the Underwriters on the other hand, in connection with the statements or omissions that resulted in such losses, claims, damages,
liabilities or expenses, as well as any other relevant equitable considerations. The relative benefits received by the Enbridge Entities and Enbridge, on the one hand, and the Underwriters on the other hand shall be deemed to be in the same
proportion as the total net proceeds from the offering of the Offered Shares (before deducting expenses) received by the Company bear to the total underwriting discounts and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
commissions received by the Underwriters. The relative fault of the Enbridge Entities and Enbridge, on the one hand, and the Underwriters on the other hand shall be determined by reference to,
among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Enbridge Entities or Enbridge, on the one hand, or by the
Underwriters on the other hand, and the parties&#146; relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) The Enbridge Entities, Enbridge and the Underwriters agree that it would not be just and equitable if contribution pursuant to this
Section&nbsp;7 were determined by a pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in paragraph (e)&nbsp;above. The amount paid or payable by an indemnified party as a
result of the losses, claims, damages, liabilities and expenses referred to in paragraph (e)&nbsp;above shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party
in connection with investigating any claim or defending any such action, suit or proceeding. Notwithstanding the provisions of this Section&nbsp;7, no Underwriter shall be required to contribute any amount in excess of the amount by which the total
price of the Offered Shares underwritten by it and distributed to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged
omission. No person guilty of fraudulent misrepresentation (within the meaning of Section&nbsp;11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Underwriters&#146;
obligations to contribute pursuant to this Section&nbsp;7 are several in proportion to the respective numbers of Firm Shares set forth opposite their names in <U>Schedule I</U> hereto (or such numbers of Firm Shares increased as set forth in
Section&nbsp;11 hereof) and not joint. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) No indemnifying party shall, without the prior written consent of the indemnified party (which
consent shall not be unreasonably withheld), effect any settlement of any pending or threatened action, suit or proceeding in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such
indemnified party, unless such settlement includes (i)&nbsp;an unconditional release of such indemnified party from all liability on claims that are the subject matter of such action, suit or proceeding and (ii)&nbsp;does not include a statement as
to or an admission of fault, culpability or a failure to act, by or on behalf of any indemnified party. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) Any losses, claims, damages,
liabilities or expenses for which an indemnified party is entitled to indemnification or contribution under this Section&nbsp;7 shall be paid by the indemnifying party to the indemnified party as such losses, claims, damages, liabilities or expenses
are incurred. The indemnity and contribution agreements contained in this Section&nbsp;7 and the representations and warranties of the Enbridge Entities and Enbridge set forth in this Agreement shall remain operative and in full force and effect,
regardless of (i)&nbsp;any investigation made by or on behalf of any Underwriter or any person controlling any Underwriter, the Enbridge Entities, the directors or officers of the General Partner and the Company, or any person controlling the
Company, (ii)&nbsp;acceptance of any Offered Shares and payment therefor hereunder, and (iii)&nbsp;any termination of this Agreement. A successor to any Underwriter or any person controlling any Underwriter, or to either of the Enbridge Entities or
the directors or officers of the General Partner and the Company, or any person controlling the Company, shall be entitled to the benefits of the indemnity, contribution and reimbursement agreements contained in this Section&nbsp;7. The term
&#147;successor,&#148; as used in this Agreement, shall not include a purchaser from any Underwriter of any Shares in his status as a purchaser. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8. <U>Conditions of Underwriters&#146; Obligations</U>. The several obligations of the
Underwriters to purchase the Firm Shares hereunder are subject to the following conditions: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) If, at the time this Agreement is executed
and delivered, it is necessary for the Registration Statement, a post-effective amendment thereto or a new registration statement relating to the Offered Shares or the corresponding i-units to be declared effective before the offering of the Offered
Shares may commence, the Registration Statement, such post-effective amendment or such new registration statement shall have become effective not later than 5:30 p.m., New York City time, on the date hereof, or at such later date and time as shall
be consented to in writing by you; all filings, if any, required by Rule 424 under the Act shall have been made in the manner and within the time period required by Rule 424(b) under the Act without reliance on Rule 424(b)(8); all filings required
by Rule 433 under the Act shall have been timely made, and no such filings shall have been made without the consent of the Underwriters; no stop order suspending the effectiveness of the Registration Statement or preventing or suspending the use of
the Pricing Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and no proceeding for that purpose shall have been instituted or, to the knowledge of the Enbridge Entities, Enbridge or any
Underwriter, threatened by the Commission, and any request of the Commission for additional information (to be included in the Registration Statement, the Preliminary Prospectus, any Issuer Free Writing Prospectus or the Final Prospectus or
otherwise) shall have been complied with to your satisfaction. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Subsequent to the effective date of this Agreement, there shall not
have occurred any change, or any development involving a prospective change, in or affecting the financial position, business, prospects, or results of operations of the Companies and the Operating Subsidiaries not contemplated by the Pricing
Disclosure Package, that in the opinion of the Underwriters, would materially, adversely affect the market for the Offered Shares. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) You
shall have received on the Closing Date an opinion of E. Chris Kaitson, Vice President&#151;Law and Assistant Secretary of the Company, dated the Closing Date and addressed to you, to the effect that: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Except as set forth in or contemplated by the Pricing Disclosure Package and the Final Prospectus, there is no action,
proceeding or investigation pending or, to the best of such counsel&#146;s knowledge after due inquiry, threatened against any of the Companies or the Operating Subsidiaries that in such counsel&#146;s judgment could reasonably be expected to have a
Material Adverse Effect; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) Except as set forth in or contemplated by the Pricing Disclosure Package and the Final
Prospectus, to such counsel&#146;s knowledge, there are no legal or governmental proceedings pending or threatened against any of the Partnership, the Operating Partnership, the General Partner, the Company or Enbridge Pipelines (North Dakota) LLC
by or before the FERC or on appeal from the FERC that, in such counsel&#146;s judgment could reasonably be expected to have a Material Adverse Effect; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">28 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) None of the Companies or the Operating Subsidiaries is in violation of any
term of (A)&nbsp;its partnership agreement, limited liability company agreement, or certificate of incorporation or by-laws or other organizational documents, as the case may be, (B)&nbsp;any other material agreement or instrument to which it is a
party or by which it or any of its properties is bound, or (C)&nbsp;to the best of such counsel&#146;s knowledge after due inquiry, any applicable order, judgment or decree of any court, arbitrator or governmental authority to which any of the
Companies or the Operating Subsidiaries is a named party, which violations, individually or in the aggregate, in the judgment of such counsel, could reasonably be expected to have a Material Adverse Effect or to adversely impact the enforceability
or validity of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) You shall have received on the Closing Date an opinion of Fulbright&nbsp;&amp; Jaworski LLP, counsel
for the Enbridge Entities and for Enbridge, dated the Closing Date and addressed to you, to the effect that: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Each of
the Companies and each of the Material Subsidiaries listed on <U>Schedule IIIB(i)</U> hereto is a corporation, limited partnership or limited liability company, as the case may be, duly incorporated or formed, as the case may be, validly existing
and in good standing under the laws of its jurisdiction of incorporation or formation, as the case may be, with full corporate, limited partnership or limited liability company power and authority, as the case may be, to own and lease its properties
and to conduct its business as described in the Pricing Disclosure Package and the Final Prospectus and, in the case of the General Partner, to act as the general partner of the Partnership. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) Enbridge Pipelines Inc. is the record owner of all of the issued and outstanding shares of capital stock of the General
Partner. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) The authorized and outstanding Shares are as set forth under the caption &#147;Prospectus Supplement
Summary &#150; Organizational Structure&#148; in the Preliminary Prospectus and the Final Prospectus. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) The General
Partner is the sole general partner of the Partnership. As of the Closing Date, without giving effect to the issuance of the i-units to be purchased with the proceeds of the Offered Shares, the capitalization of the Partnership consists of
(a)&nbsp;262,033,928 Common Units, consisting of 254,208,428 Class&nbsp;A Common Units and 7,825,500 Class B Common Units, all of which Class B Common Units are owned of record and, to such counsel&#146;s knowledge, beneficially by the General
Partner, (b)&nbsp;48,000,000 Series 1 Preferred Units representing limited partner interests in the Partnership, all of which are owned of record and, to such counsel&#146;s knowledge, beneficially by the General Partner, (c)&nbsp;a 2% general
partner interest, which is owned of record and, to such counsel&#146;s knowledge, beneficially by the General Partner, and (d)&nbsp;54,155,423.745989 i-units, all of which are owned of record and, to such counsel&#146;s knowledge, beneficially by
the Company. The i-units that are owned by the Company, the 2% general partner interest that is owned by the General Partner and the shares representing voting limited liability company interests in the Company that are owned by the General Partner
are each owned free and clear, to such counsel&#146;s knowledge, of any </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">
Lien (i)&nbsp;in respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming the Company or the General Partner as a debtor is on file in the Office
of the Secretary of State of the State of Delaware or (ii)&nbsp;in each case other than (x)&nbsp;those created by or arising under the Delaware Revised Uniform Limited Partnership Act (the &#147;Delaware Act&#148;), the Delaware Limited Liability
Company Act (the &#147;<U>Delaware LLC Act</U>&#148;) or the Delaware General Corporation Law (the &#147;<U>DGCL</U>&#148;), (y)&nbsp;Liens as are not, individually or in the aggregate, material to such ownership interest or (z)&nbsp;as described in
the Pricing Disclosure Package and the Final Prospectus. As of the Closing Date, without giving effect to the issuance of the Firm Shares, the capitalization of the Company consists of 54,155,419.027650 Shares with limited voting rights and 4.718339
voting shares, which voting shares are owned of record and, to such counsel&#146;s knowledge, beneficially by the General Partner. To such counsel&#146;s knowledge, the securities described in the second and fourth sentences of this paragraph are
the only equity securities of the Partnership and the Company that are issued and outstanding. The Class&nbsp;A Common Units, Class B Common Units, Series 1 Preferred Units and i-units of the Partnership and the voting Shares of the Company have
been duly and validly authorized and issued and are fully paid and nonassessable, except as such non-assessability may be affected by the Delaware Act or the Delaware LLC Act. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) The general partner interest in the Partnership has been duly and validly authorized and issued and fully paid. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi) The outstanding limited liability company interests and partnership interests, as applicable, of each of the Material
Subsidiaries listed on <U>Schedule IIIB(i)</U> hereto and 100% of the Series LH partnership interests of the Operating Partnership, 33.33% of the Series AC partnership interests of the Operating Partnership, 25% of the Series EA partnership
interests of the Operating Partnership, and 25% of the Series ME partnership interests of the Operating Partnership are owned of record and, to such counsel&#146;s knowledge, beneficially by the Partnership, directly or indirectly, through one or
more of its wholly owned subsidiaries, free and clear, to such counsel&#146;s knowledge, of any Lien (i)&nbsp;in respect of which a financing statement under the Uniform Commercial Code of the state of formation of such entities listed on
<U>Schedule IIIB</U> hereto naming any such entity as a debtor is on file in the office of the secretary of the state of formation of such entities or (ii)&nbsp;in each case other than (x)&nbsp;those created by or arising under the Delaware LLC Act,
the Delaware Act or the Texas Business Organizations Code (the &#147;<U>TBOC</U>&#148;), as applicable, (y)&nbsp;Liens as are not, individually or in the aggregate, material to such ownership interest or (z)&nbsp;as described in the Pricing
Disclosure Package and the Final Prospectus. All of the limited liability company interests and partnership interests, as applicable, of each of the Material Subsidiaries listed on <U>Schedule IIIB</U> hereto have been duly and validly authorized
and issued and, except with respect to any general partner interest, are nonassessable, except as such non-assessability may be affected by the Delaware LLC Act, the Delaware Act or the TBOC. To such counsel&#146;s knowledge, none of the outstanding
limited liability company interests or partnership interests, as the case may be, of any of the Material Subsidiaries listed on <U>Schedule IIIB</U> hereto was issued in violation of any preemptive rights of any holder of any security or other
interest issued by such entities. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vii) The Offered Shares to be issued and sold to the Underwriters by the Company
hereunder have been duly authorized by the Company, and the i-units to be purchased by the Company with the net proceeds from the Offered Shares (the &#147;corresponding i-units&#148;) have been duly authorized by the Partnership and, when issued
and with respect to the Offered Shares, delivered to the Underwriters against payment therefor in accordance with the terms hereof, and with respect to the corresponding i-units, delivered to the Company against payment therefor in accordance with
the terms of the LLC Agreement, each of the Offered Shares and the corresponding i-units will be validly issued, fully paid and nonassessable (except as such non-assessibility may be affected by the matters described in the Delaware LLC Act or the
Delaware Act), and free of any preemptive or similar rights (except for any required Capital Contributions to the Partnership to be made by the General Partner pursuant to Section&nbsp;4.4(c) of the Partnership Agreement) that entitle or will
entitle any person to acquire any limited liability company interest in the Company or any partnership interest in the Partnership, upon the issuance thereof by the Company or by the Partnership, respectively, arising under the LLC Agreement, the
Partnership Agreement or, to the knowledge of such counsel without any independent investigation, any other agreement to which the Company or the Partnership is a party or by which either of them is bound, and the Underwriters will acquire the
Offered Shares, and the Company will acquire the corresponding i-units, free and clear of any liens, encumbrances, security interests, charges or claims of record known (based solely upon its participation as counsel in matters relating to the
offering of the Offered Shares and the corresponding i-units and without having conducted an independent investigation) to such counsel, except as created by this Agreement or the Underwriters or any person who acquires an interest in the Offered
Shares through the Underwriters or as provided by the Delaware LLC Act or the Delaware Act. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(viii) The Registration
Statement and all post-effective amendments thereto, if any, have become effective under the Act and, to the knowledge of such counsel, no stop order suspending the effectiveness of the Registration Statement or preventing or suspending the use of
the Pricing Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus has been issued and no proceedings for that purpose have been instituted or threatened by the Commission; and any required filing of the Final Prospectus
pursuant to Rule 424(b) has been made in accordance with Rule 424(b). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ix) Each of the Enbridge Entities has the limited
partnership or limited liability company, as the case may be, power and authority to enter into and perform its obligations under this Agreement. The Company has the limited liability company power and authority to issue, sell and deliver the
Offered Shares to the Underwriters as provided herein, and the Partnership has the limited partnership power and authority to issue the corresponding i-units to the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(x) This Agreement has been duly authorized, executed and delivered by each of the Enbridge Entities. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">31 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(xi) None of the offer, sale or delivery of the Offered Shares by the Company,
the issuance of the corresponding i-units by the Partnership or the execution, delivery or performance of this Agreement by the Enbridge Entities, or compliance by the Enbridge Entities with the provisions hereof nor consummation by the Enbridge
Entities of the transactions contemplated hereby violate the LLC Agreement or constitute a breach of, or default under, any agreement, indenture, lease or other instrument to which any of the Companies or the Material Subsidiaries is a party or by
which any of them may be bound or to which any of their respective properties is subject that is an exhibit to the EEQ/EEP Registration Statement or to any of the Enbridge Entities&#146; Incorporated Documents, nor will any such action result in any
violation of any existing law, regulation, ruling (assuming compliance with all applicable federal and state securities and Blue Sky laws) applicable to any of them, or any judgment, injunction, order or decree to which any of the Companies or the
Material Subsidiaries is a named party and which has been specifically identified to such counsel in a certificate signed by an authorized officer of the Company, excluding in each case (other than with respect to the LLC Agreement or the
Partnership Agreement) any breaches, defaults or violations which, individually or in the aggregate, would not have a Material Adverse Effect. Except for the rights of the General Partner and its Affiliates (as such term is defined in the
Partnership Agreement and used in Section&nbsp;6.14 of the Partnership Agreement), to such counsel&#146;s knowledge, none of the filing of the EEQ/EEP Registration Statement, the offering and sale of the Offered Shares as contemplated by this
Agreement or the issuance of the corresponding i-units gives rise to any rights for or relating to the registration of any interests in or securities of the Company, the Partnership or the Material Subsidiaries. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(xii) No approval, authorization, consent, waiver, notice or order of, or filing with, or other action by, any court or any
governmental authority is required to be obtained or made by either of the Enbridge Entities under the Delaware LLC Act, the Delaware Act, Texas law, the contract laws of the State of New York, or United States federal law for the valid offering and
sale of the Offered Shares by the Company to the Underwriters as contemplated by this Agreement, the issuance of the corresponding i-units by the Partnership, the execution and delivery of this Agreement by the Company and the Partnership, or the
incurrence or performance of the Company&#146;s or the Partnership&#146;s obligations hereunder and thereunder, except (a)&nbsp;such as may be required under Blue Sky laws, as to which such counsel need not express an opinion, and (b)&nbsp;such
others as have been obtained or taken and are in full force and effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(xiii) The Registration Statement, the Pricing
Disclosure Package and the Final Prospectus and any supplements or amendments thereto (except for the financial statements and the notes thereto and the schedules and other financial data included therein, as to which such counsel need not express
any opinion), other than the Incorporated Documents, comply as to form in all material respects with the requirements of the Act; and each of the Enbridge Entities&#146; Incorporated Documents (except for the financial statements and the notes
thereto and the schedules and other financial data included therein, as to which counsel need not express any opinion) complies as to form in all material respects with the requirements of the Securities Exchange Act of 1934, as amended. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">32 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(xiv) The Offered Shares and the corresponding i-units, when issued and
delivered, in accordance with the terms of the LLC Agreement, the Partnership Agreement and this Agreement, as applicable, against payment therefor as provided herein and therein, conform in all material respects to the description thereof contained
in the Pricing Disclosure Package and the Final Prospectus. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(xv) To the knowledge of such counsel, (i)&nbsp;other than as
described or contemplated in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus, there are no legal or governmental proceedings pending or threatened against any of the Companies, or to which any of the Companies or
the Operating Subsidiaries, or to which any of their property, is subject, which are required to be described in the Registration Statement, the Pricing Disclosure Package or the Final Prospectus, and (ii)&nbsp;there are no agreements, contracts,
indentures, leases or other instruments to which the Company, the Partnership, or any Operating Subsidiary is a party that are required to be described in the Registration Statement, the Pricing Disclosure Package or the Final Prospectus or to be
filed as an exhibit to the Registration Statement or any Incorporated Document that are not described or filed as required, as the case may be. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(xvi) The LLC Agreement has been duly authorized, executed and delivered and is a valid and legally binding agreement of the
parties thereto, enforceable against the parties thereto in accordance with its terms, subject to the qualifications that (a)&nbsp;the enforceability of such document may be limited by bankruptcy, insolvency, reorganization and other laws of general
applicability relating to or affecting creditors&#146; rights generally, (b)&nbsp;the enforceability of such document may be limited by public policy, applicable law relating to fiduciary duties and the judicial imposition of an implied covenant of
good faith and fair dealing, (c)&nbsp;the enforceability of equitable rights and remedies provided for in such document is subject to equitable defenses and judicial discretion, and the enforceability of such document may be limited by general
equitable principles, and (d)&nbsp;the enforceability of the indemnity and contribution provisions of such document may be limited by federal and state securities laws. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(xvii) The Partnership Agreement has been duly authorized, executed and delivered by the General Partner and is a valid and
legally binding agreement of the General Partner, enforceable against the General Partner in accordance with its terms, subject to the qualifications that (a)&nbsp;the enforceability of such document may be limited by bankruptcy, insolvency,
reorganization and other laws of general applicability relating to or affecting creditors&#146; rights generally, (b)&nbsp;the enforceability of such document may be limited by public policy, applicable law relating to fiduciary duties and the
judicial imposition of an implied covenant of good faith and fair dealing, (c)&nbsp;the enforceability of equitable rights and remedies provided for in such document is subject to equitable defenses and judicial discretion, and the enforceability of
such document may be limited by general equitable principles, and (d)&nbsp;the enforceability of the indemnity and contribution provisions of such document may be limited by federal and state securities laws. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">33 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(xviii) None of the Companies or the Operating Subsidiaries is, or after giving
effect to the use of proceeds from the sale by the Company of the Offered Shares under this Agreement as set forth under the caption &#147;Use of Proceeds&#148; in the Final Prospectus or the issuance by the Partnership of the corresponding i-units,
will be an &#147;Investment Company&#148; as that term is defined in the Investment Company Act or is required to register as an &#147;Investment Company&#148; under the Investment Company Act. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(xix) To the knowledge of such counsel and without in any manner having conducted an investigation, there are no material legal
or governmental proceedings pending or threatened against any of the Companies or the Operating Subsidiaries (other than any proceedings with respect to the Partnership&#146;s liquids pipeline operations, as to which such counsel need not express
any opinion) by or before the U.S. Federal Energy Regulatory Commission (the &#147;<U>FERC</U>&#148;) or on appeal from the FERC, except as set forth in or contemplated by the Pricing Disclosure Package and the Final Prospectus. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(xx) The statements set forth in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus under the
captions &#147;Description of Our Listed Shares&#148; and &#147;Description of the I-Units&#148;, insofar as they purport to constitute a summary of the terms of the Shares and the corresponding i-units, are accurate and complete in all material
respects. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Such counsel shall state that the tax opinion of such counsel relating to the Offered Shares filed prior to the Closing Date as
an exhibit to a Current Report on Form 8-K of the Company is confirmed and the Underwriters may rely upon such opinion as if it were addressed to them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Such counsel shall also state that, although such counsel has not undertaken, except as otherwise indicated in their opinion, to determine
independently, and does not assume any responsibility for, the accuracy or completeness of the statements in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus, such counsel has reviewed and is familiar with the
Registration Statement, the Pricing Disclosure Package and the Final Prospectus and such counsel has participated in conferences with officers and other representatives of the Company, Enbridge, the General Partner and the Partnership,
representatives of the independent registered public accounting firm of each of the Enbridge Entities and of Enbridge and you and your representatives, at which the contents of the Registration Statement, the Pricing Disclosure Package and the Final
Prospectus and related matters (including review and discussion of the contents of all Incorporated Documents) were discussed, and no facts have come to such counsel&#146;s attention that lead such counsel to believe that: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(A) the Registration Statement (other than the financial statements and the notes thereto and the schedules and other financial data included
therein, as to which such counsel need not express an opinion), as of its most recent Effective Date, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the
statements therein not misleading, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">34 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(B) the Pricing Disclosure Package (other than the financial statements and the notes thereto and
the schedules and other financial data included therein, as to which such counsel need not express an opinion), as of the Applicable Time and the Closing Date, contained an untrue statement of a material fact or omitted to state a material fact
necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">(C)
the Final Prospectus (other than the financial statements and the notes thereto and the schedules and other financial data included therein, as to which such counsel need not express an opinion), as of its issue date and the Closing Date, contained
an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In rendering such opinions, such counsel may (1)&nbsp;rely in respect of factual matters upon representations and warranties of the Companies
and Enbridge set forth herein and certificates of officers of the Companies and Enbridge and upon information obtained from public officials, upon opinions of other counsel issued in connection with the offering of the Offered Shares and the
corresponding issuance of the i-units pursuant to the Pricing Disclosure Package and the Final Prospectus and other sources believed by such counsel to be responsible, (2)&nbsp;assume that the certificates for the Offered Shares and for the i-units
conform to the specimens thereof examined by them and have been duly countersigned by a transfer agent and duly registered by a registrar of the Shares and the i-units and that the signatures on all documents examined by such counsel are genuine,
which assumptions they may state they have not independently verified, (3)&nbsp;state that their opinion is limited to Texas law, federal laws of the United States, the Delaware Act, the DGCL, the Delaware LLC Act and New York law, in each case
exclusive of the law addressed in the legal opinions rendered by counsel referred to in clauses (e)&nbsp;and (f)&nbsp;of this Section&nbsp;8, (4)&nbsp;state that they express no opinion with respect to state or local taxes or tax statutes to which
any of the Company, the Partnership, or the Operating Subsidiaries may be subject and (5)&nbsp;state that their opinion is furnished as counsel for the Enbridge Entities and for Enbridge to you, and is solely for the benefit of the several
Underwriters. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Fraser Trebilcock Davis and Dunlap, P.C., acting as special local counsel for the Enbridge Entities and the Operating
Partnership with respect to the State of Michigan, shall have furnished to you, its written opinion or opinions, dated as of the Closing Date in form and substance satisfactory to you, to the effect that: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Neither the offer, sale or delivery of the Offered Shares, the issuance of the corresponding i-units, the execution,
delivery or performance of this Agreement, the compliance by the Enbridge Entities with the provisions hereof nor consummation by the Enbridge Entities of the transactions contemplated hereby will result in any violation of any existing Michigan law
or regulation, ruling, judgment, injunction, order or decree (assuming compliance with all applicable state securities and Blue Sky laws). None of the foregoing will cause a violation of any existing law, regulation, ruling (assuming compliance with
all applicable state securities and Blue Sky laws), judgment, injunction, order, or decree known to such counsel of any Michigan court or Michigan agency applicable to any of the Company, the Partnership, the Operating Partnership, or any of their
respective properties located in Michigan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">35 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) No consent, approval, authorization, order, registration or qualification of
or with any Michigan governmental agency or Michigan instrumentality governing (A)&nbsp;oil pipelines generally or (B)&nbsp;the issuance of securities by entities owning oil pipelines, or, to such counsel&#146;s knowledge, based solely upon its
participation as special counsel in matters relating to the offering and sale of the Offered Shares or the issuance of the corresponding i-units pursuant to the Pricing Disclosure Package and the Final Prospectus and without in any manner having
conducted an independent investigation, any other governmental agency or instrumentality of Michigan having jurisdiction over the Company, the Partnership, the Operating Partnership or any of their respective properties, is required for the offering
or sale of the Offered Shares by the Company or the issuance of the corresponding i-units, except such consents, approvals, authorizations, orders, registrations or qualifications (1)&nbsp;as have been obtained, (2)&nbsp;as may be required under
federal or state securities or Blue Sky laws, (3)&nbsp;that, if not obtained, would not, individually or in the aggregate, have a material adverse effect upon the ability of the Company, the Partnership and the Operating Partnership (taken as a
whole) to conduct their respective businesses substantially in accordance with the past practice of each, or (4)&nbsp;as set forth or contemplated in the Pricing Disclosure Package and the Final Prospectus. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) You shall have received on the Closing Date an opinion of Steptoe&nbsp;&amp; Johnson, special FERC counsel for the Company, the Partnership
and the Operating Partnership, dated the Closing Date and addressed to you, to the effect that no consent, approval, authorization, order, registration or qualification of or with the FERC with respect to the Partnership&#146;s or the Operating
Partnership&#146;s liquids pipeline operations is required for the issuance of the Offered Shares or the corresponding i-units, the offer and sale of the Offered Shares by the Company or the execution, delivery and performance of this Agreement.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) McCarthy Tetrault LLP, Canadian counsel to the Enbridge Entities and to Enbridge, shall have furnished to you, its written opinion or
opinions, dated as of the Closing Date, in form and substance satisfactory to you, to the effect that: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Enbridge is a
corporation duly incorporated and validly existing under the laws of Canada, with full corporate power and authority to own or lease its properties and conduct its business as described in the Prospectus. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(ii) As of the Closing Date, the authorized capitalization of Enbridge consists of an unlimited number of common shares and an
unlimited number of preference shares issuable in series, of which each of the series as set forth on Schedule IV has been created. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iii) To the knowledge of such counsel and other than as set forth or incorporated by reference in the Registration Statement,
the Pricing Disclosure Package and the Final Prospectus, there are no legal or governmental proceedings pending or threatened to which Enbridge or any of its subsidiaries is a party or of which any of their respective property is subject, which
requires or would require the filing of a Form 51-102 F3 Material Changes Report under Part 7 of National Instrument 51-102 Continuous Disclosure Obligations which has not been duly filed. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">36 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(iv) All necessary corporate action has been taken by Enbridge to authorize the
execution and delivery of this Agreement. This Agreement has been duly executed by Enbridge in accordance with the laws of the Province of Alberta and the federal laws of Canada applicable therein and Enbridge has all necessary corporate power and
authority to consummate the transactions contemplated by this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(v) Neither the execution, delivery or
performance of this Agreement by Enbridge or compliance by Enbridge with the provisions hereof, nor consummation by Enbridge of the transactions contemplated hereby will: (i)&nbsp;result in a breach or violation of any of the terms or provisions of,
or constitute a default under, any of the documents listed as Exhibit A to such opinion; (ii)&nbsp;result in any violation of the provisions of the articles of incorporation or bylaws of Enbridge as they exist on the date of this Agreement;
(iii)&nbsp;breach or otherwise violate an existing obligation of Enbridge under any existing court or administrative order, judgment or decree of which such counsel has knowledge; or (iv)&nbsp;violate any applicable provisions of the laws of the
Province of Alberta or the federal laws of Canada applicable therein. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:8%; font-size:10pt; font-family:Times New Roman">(vi) No consent, approval, registration,
qualification, authorization or order, or filing with, any governmental agency or other governmental instrumentality of Canada or the province of Alberta is required for the performance by Enbridge of its obligations under this Agreement except in
each case as would not reasonably be expected, individually or in the aggregate, to have a material adverse effect on the financial position, results of operations, business or prospects of Enbridge and its subsidiaries, taken as a whole. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) You shall have received on the Closing Date an opinion of Baker Botts L.L.P., counsel for the Underwriters, dated the Closing Date, with
respect to such matters as the Underwriters may request. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) You shall have received letters addressed to you and dated the date hereof
and the Closing Date from PricewaterhouseCoopers LLP, independent registered public accounting firm, substantially in the forms heretofore approved by you relating to the Enbridge Entities and to Enbridge. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) No stop order suspending the effectiveness of the Registration Statement or preventing or suspending the use of the Pricing Disclosure
Package, the Final Prospectus or any Issuer Free Writing Prospectus shall have been issued and no proceedings for that purpose shall have been taken or, to the knowledge of any of the Companies or Enbridge, shall be threatened by the Commission at
or prior to the Closing Date; (ii)&nbsp;there shall not have been any change in the capitalization of the Company, the Partnership or Enbridge nor any material increase in the short-term or long-term debt of the Company, the Partnership or Enbridge
(other than in the ordinary course of business) from that set forth or contemplated in the Registration Statement or the Pricing Disclosure Package; (iii)&nbsp;none of the Companies shall have any </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">37 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
liabilities or obligations, direct or contingent (whether or not in the ordinary course of business), that are material to the General Partner, the Partnership, the Company and the Operating
Subsidiaries (taken as a whole), other than those reflected in the Registration Statement or the Pricing Disclosure Package; and (iv)&nbsp;all the representations and warranties of the Enbridge Entities and Enbridge contained in this Agreement shall
be true and correct on and as of the date hereof and on and as of the Closing Date as if made on and as of the Closing Date, and you shall have received a certificate, dated the Closing Date and signed by the chief executive officer and the chief
financial officer (or such other officers as are acceptable to you) of the Company and Enbridge, to the effect set forth in this Section&nbsp;8(j) and in Section&nbsp;8(k) hereof and with respect to the foreign qualifications of the Companies and
the Material Subsidiaries. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k) Neither of the Enbridge Entities nor Enbridge shall have failed at or prior to the Closing Date to have
performed or complied with any of its agreements herein contained and required to be performed or complied with by it hereunder at or prior to the Closing Date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(l) Prior to the Closing Date, the Offered Shares shall have been listed, subject only to official notice of issuance, on the NYSE. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(m) Each of the Company, the Partnership and the General Partner shall have furnished or caused to be furnished to you such further
certificates and documents as you shall have reasonably requested that are customary in closing transactions of the nature contemplated by this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">All such opinions, certificates, letters and other documents will be in compliance with the provisions hereof only if they are satisfactory in
form and substance to you and counsel for the Underwriters. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any certificate or document signed by any officer of Enbridge, the General
Partner or of the Company, whether on behalf of itself or the Partnership, and delivered to you or to counsel for the Underwriters, shall be deemed a representation and warranty by Enbridge, the Company or Partnership, as the case may be, to the
Underwriters as to the statements made therein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The several obligations of the Underwriters to purchase Additional Shares hereunder are
subject to the satisfaction on and as of any Option Closing Date of the conditions set forth in this Section&nbsp;8, except that, the opinions, letters and certificates called for by paragraphs (c)&nbsp;through (i)&nbsp;and (m)&nbsp;shall be revised
to reflect the sale of Additional Shares and, if any Option Closing Date is other than the Closing Date, dated the Option Closing Date in question. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9. <U>Expenses</U>. The Enbridge Entities agree, jointly and severally, to pay the following costs and expenses and all other costs and
expenses incident to the performance by them of their obligations hereunder: (i)&nbsp;the preparation, printing or reproduction, and filing with the Commission of the Registration Statement (including financial statements and exhibits thereto), the
Final Prospectus, the Pricing Disclosure Package, each amendment or supplement to any of them; (ii)&nbsp;the printing (or reproduction) and delivery (including postage, air freight charges, charges for counting and packaging and charges relating to
electronic delivery) of such copies of the Registration Statement, the Preliminary Prospectus, any Issuer Free Writing Prospectus, the Final Prospectus, the Incorporated Documents, and all amendments or supplements to any of
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">38 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
them, as may be reasonably requested for use in connection with the offering and sale of the Offered Shares; (iii)&nbsp;the preparation, printing, authentication, issuance and delivery of the
Offered Shares and the corresponding i-units; (iv)&nbsp;the printing (or reproduction) and delivery of this Agreement, any preliminary or supplemental Blue Sky Memoranda and all other agreements or documents printed (or reproduced) and delivered in
connection with the offering of the Offered Shares; (v)&nbsp;the listing of the Offered Shares on the NYSE; (vi)&nbsp;the registration or qualification of the Offered Shares for offering and sale under the securities or Blue Sky laws of the several
states as provided in Section&nbsp;5A(g) hereof, if required (including the reasonable fees, expenses and disbursements of counsel for the Underwriters relating to the preparation, printing or reproduction, and delivery of any preliminary or
supplemental Blue Sky Memoranda and such registration and qualification); (vii)&nbsp;the filing fees and the fees and expenses of counsel for the Underwriters in connection with any filings required to be made with FINRA; (viii)&nbsp;the
transportation and lodging expenses incurred by or on behalf of representatives of the Enbridge Entities in connection with any presentations to prospective purchasers of the Offered Shares; (ix)&nbsp;the fees and expenses of the accountants for the
Companies and Enbridge; (x)&nbsp;the fees and expenses of counsel for the Companies and Enbridge; and (xi)&nbsp;any fees payable to DTC in connection with the Offered Shares being book-entry only securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10. <U>Effective Date of Agreement</U>. This Agreement shall become effective: (i)&nbsp;upon the execution and delivery hereof by the parties
hereto; or (ii)&nbsp;if, at the time this Agreement is executed and delivered, it is necessary for the Registration Statement or a post-effective amendment thereto to be declared effective before the offering of the Offered Shares may commence, when
notification of the effectiveness of the Registration Statement or such post-effective amendment has been given by the Commission. Until such time as this Agreement shall have become effective, it may be terminated by the Enbridge Entities or
Enbridge by notifying the Representatives, or by the Representatives by notifying the Enbridge Entities and Enbridge. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.
<U>Non-Defaulting Underwriters</U>. If any one or more of the Underwriters shall fail or refuse to purchase Offered Shares that it or they are obligated to purchase hereunder on the Closing Date, and the aggregate number of Offered Shares that such
defaulting Underwriter or Underwriters are obligated but fail or refuse to purchase is not more than one tenth of the aggregate number of the Offered Shares which the Underwriters are obligated to purchase on the Closing Date, each non-defaulting
Underwriter shall be obligated, severally, in the proportion that the number of Firm Shares set forth opposite its name in <U>Schedule I</U> hereto bears to the aggregate number of Firm Shares set forth opposite the names of all non-defaulting
Underwriters or in such other proportion as you may specify in accordance with the Master Agreement Among Underwriters relating to the offering of the Offered Shares, to purchase the Offered Shares that such defaulting Underwriter or Underwriters
are obligated, but fail or refuse, to purchase. If any one or more of the Underwriters shall fail or refuse to purchase Offered Shares that it or they are obligated to purchase on the Closing Date and the aggregate number of Offered Shares with
respect to which such default occurs is more than one tenth of the aggregate number of Offered Shares that the Underwriters are obligated to purchase on the Closing Date and arrangements satisfactory to you and the Enbridge Entities for the purchase
of such Offered Shares by one or more non-defaulting Underwriters or other party or parties approved by you and the Enbridge Entities are not made within 36 hours after such default, this Agreement will terminate without liability on the part of any
party hereto (other than the defaulting Underwriter). In any such case </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">39 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
that does not result in termination of this Agreement, either you or the Enbridge Entities shall have the right to postpone the Closing Date, but in no event for longer than seven days, in order
that the required changes, if any, in the Registration Statement and the Prospectus or any other documents or arrangements may be effected. Any action taken under this paragraph shall not relieve any defaulting Underwriter from liability in respect
of any such default of any such Underwriter under this Agreement. The term &#147;Underwriter&#148; as used in this Agreement includes, for all purposes of this Agreement, any party not listed in <U>Schedule I</U> hereto who, with your approval and
the approval of the Enbridge Entities, purchases Offered Shares that a defaulting Underwriter is obligated, but fails or refuses, to purchase. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any notice under Section&nbsp;10 or this Section&nbsp;11 may be made by telegram, telecopy or telephone but shall be subsequently confirmed by
letter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">12. <U>Termination of Agreement</U>. This Agreement shall be subject to termination in the Representatives&#146; absolute
discretion, without liability on the part of any Underwriter to either of the Enbridge Entities or to Enbridge if at or prior to the Closing Date or any Option Closing Date (if different from the Closing Date and then only as to the Additional
Shares), as the case may be; (i)&nbsp;there has been, since the Applicable Time, the time of execution of this Agreement or since the respective dates as of which information is given in the Pricing Disclosure Package and the Final Prospectus, any
material adverse change in the financial position, results of operations, business or prospects of the Partnership, the Company and the Operating Subsidiaries (taken as a whole), whether or not arising in the ordinary course of business;
(ii)&nbsp;trading in the Class&nbsp;A Common Units of the Partnership or the Shares in the Company shall be suspended or subject to any restriction or limitation not in effect on the date of this Agreement; (iii)&nbsp;trading in securities generally
on the NYSE, the NYSE Amex Equities or The Nasdaq Stock Market shall have been suspended or materially limited; (iv)&nbsp;a general moratorium on commercial banking activities in New York shall have been declared by either federal or state
authorities or there shall have been a material disruption in commercial banking or securities settlement or clearance services in the United States; or (v)&nbsp;there shall have occurred any material adverse change in the financial markets in the
United States or Canada, any outbreak or escalation of hostilities or the declaration by the United States of a national emergency or war or other international or domestic calamity, crisis or change in political, financial or economic conditions,
the effect of which on the financial markets of the United States is such as to make it, in the Representatives&#146; judgment, impracticable or inadvisable to commence or continue the offering or delivery of the Offered Shares on the terms and in
the manner contemplated by the Registration Statement, the Pricing Disclosure Package and as set forth on the cover page of the Final Prospectus or to enforce contracts for the resale of the Offered Shares by the Underwriters. Notice of such
termination shall be promptly given to the Company and to Enbridge by telecopy or telephone and shall be subsequently confirmed by letter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">13. <U>Information Furnished by the Underwriters</U>. The statements set forth in the last paragraph on the cover page and the statements in
the (i)&nbsp;fifth, eighth, eleventh and twelfth paragraphs under the caption &#147;Underwriting&#148; in each of the Preliminary Prospectus and the Final Prospectus, in each of the Preliminary Prospectus and the Final Prospectus, constitute the
only information furnished by or on behalf of the Underwriters as such information is referred to in Sections 6(a), 6(c) and 7 hereof. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">14. <U>Notice</U>. Except as otherwise provided in Sections 5, 10, 11 and 12 hereof, notice given
pursuant to any provision of this Agreement shall be in writing and shall be delivered (i)&nbsp;if to the Company or the Partnership, at the office of the General Partner, at 1100 Louisiana, Suite 3300, Houston, Texas 77002, Attention: E. Chris
Kaitson, Assistant Secretary; or (ii)&nbsp;if to the Underwriters, Citigroup Global Markets Inc. General Counsel (fax no.: (212)&nbsp;816-7912) and confirmed to the General Counsel, Citigroup Global Markets Inc., at 388 Greenwich Street, New York,
New York 10013, Attention: General Counsel; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, facsimile number (212)&nbsp;622-8358, Attention: Equity Syndicate Desk; and Morgan Stanley&nbsp;&amp; Co. LLC, 1585 Broadway, New
York, New York 10036, Attention: Equity Syndicate Desk, with a copy to the Legal Department. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">15. <U>Parties</U>. This Agreement has been
and is made solely for the benefit of the several Underwriters, the Enbridge Entities, the directors and officers of the General Partner and the Company, and the other controlling persons referred to in Section&nbsp;7 hereof and their respective
successors and assigns, to the extent provided herein, and no other person shall acquire or have any right under or by virtue of this Agreement. Neither the term &#147;successor&#148; nor the term &#147;successors and assigns&#148; as used in this
Agreement shall include a purchaser from any Underwriter of any of the Offered Shares in his status as such purchaser. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">16. <U>Applicable
Law</U>. This Agreement and any claim, controversy or dispute relating to or arising out of this Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed
within the State of New York. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">17. <U>Counterparts</U>. This Agreement may be signed in various counterparts, which together constitute
one and the same instrument. If signed in counterparts, this Agreement shall not become effective unless at least one counterpart hereof shall have been executed and delivered on behalf of each party hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">18. <U>Integration</U>. This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Company, the
Partnership and the Underwriters, or any of them, with respect to the subject matter hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">19. <U>Representations, Warranties and
Agreements to Survive Delivery</U>. All representations, warranties and agreements contained in this Agreement or in certificates of officers of Enbridge, the General Partner and the Company submitted pursuant hereto, shall remain operative and in
full force and effect, regardless of any investigation made by or on behalf of any Underwriter or controlling person, or by or on behalf of Enbridge or the Companies, and shall survive delivery of the Offered Shares to the Underwriters. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">20. <U>Submission to Jurisdiction</U>. Except as set forth below, no claim may be commenced, prosecuted or continued in any court other than
the courts of the State of New York located in the City and County of New York or in the United States District Court for the Southern District of New York, which courts shall have jurisdiction over the adjudication of such matters, and each of
Enbridge and the Enbridge Entities consents to the jurisdiction of such courts and personal service with respect thereto. Each of Enbridge and the Enbridge Entities hereby consents to personal jurisdiction, service and venue in any court in which
any claim </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">41 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">arising out of or in any way relating to this Agreement is brought by any third party against any Underwriter or
any indemnified party. Each of the Underwriters, Enbridge and the Enbridge Entities (on their own behalf and, to the extent permitted by applicable law, on behalf of their equityholders and affiliates) waives all right to trial by jury in any
action, proceeding or counterclaim (whether based upon contract, tort or otherwise) in any way arising out of or relating to this Agreement. Each of Enbridge and the Enbridge Entities agrees that a final judgment in any such action, proceeding or
counterclaim brought in any such court shall be conclusive and binding upon Enbridge or such Enbridge Entity, and may be enforced in any other courts to the jurisdiction of which Enbridge, the Company or the Partnership is or may be subject, by suit
upon such judgment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">21. <U>Judgment Currency</U>. In respect of any judgment or order given or made for any amount due hereunder by
Enbridge that is expressed and paid in a currency (the &#147;<U>judgment currency</U>&#148;) other than United States dollars, including any obligation by Enbridge as an indemnifying party under Section&nbsp;7(b), Enbridge will indemnify each
Underwriter against any loss incurred by such Underwriter as a result of any variation as between (i)&nbsp;the rate of exchange at which the United States dollar amount is converted into the judgment currency for the purpose of such judgment or
order and (ii)&nbsp;the rate of exchange at which an Underwriter is able to purchase United States dollars with the amount of the judgment currency actually received by such Underwriter. The foregoing indemnity shall constitute a separate and
independent obligation of Enbridge and shall continue in full force and effect notwithstanding any such judgment or order as aforesaid. The term &#147;rate of exchange&#148; shall include any premiums and costs of exchange payable in connection with
the purchase of or conversion into United States dollars. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">22. <U>Patriot Act</U>. In accordance with the requirements of the USA Patriot
Act (Title III of Pub. L. 107-56 (signed into law October&nbsp;26, 2001)), the Underwriters are required to obtain, verify and record information that identifies their respective clients, including the Enbridge Entities and Enbridge, which
information may include the name and address of their respective clients, as well as other information that will allow the Underwriters to properly identify their respective clients. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Signature Pages Follow] </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">42 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Please confirm that the foregoing correctly sets forth the agreement among the Partnership, the
Company, Enbridge and the several Underwriters. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">Very truly yours,</TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">ENBRIDGE ENERGY MANAGEMENT, L.L.C.</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Mark A. Maki</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Mark A. Maki</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">President</TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">ENBRIDGE ENERGY PARTNERS, L.P.</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3">Enbridge Energy Management, L.L.C.,</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3">as delegate of</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3">Enbridge Energy Company, Inc.,</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3">as General Partner</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Mark A. Maki</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Mark A. Maki</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">President</TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">ENBRIDGE INC.</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Colin K. Gruending</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Colin K. Gruending</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Vice President, Treasury and Tax</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Wanda Opheim</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Wanda Opheim</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Vice President, Corporate Development and Planning</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Signature Page to Underwriting Agreement </I></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Confirmed as of the date first above mentioned on behalf of the several Underwriters named in
<U>Schedule I</U> hereto. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>CITIGROUP GLOBAL MARKETS INC.</B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Jordan Kozar</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Name: Jordan Kozar</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Title: Vice President</TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>J.P. MORGAN SECURITIES LLC</B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Benjamin Burdett</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Name: Benjamin Burdett</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Title: Vice President</TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>MORGAN STANLEY &amp; CO. LLC</B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Alice Vilma</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Name: Alice Vilma</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Title: Vice President</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>Signature Page to Underwriting Agreement </I></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SCHEDULE I </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:68.80pt; font-size:8pt; font-family:Times New Roman">Name of Underwriter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Number&nbsp;of&nbsp;Firm&nbsp;Shares</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Citigroup Global Markets Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">960,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">J.P. Morgan Securities LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">960,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Morgan Stanley&nbsp;&amp; Co. LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">960,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">640,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Barclays Capital Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">640,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Credit Suisse Securities (USA) LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">640,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Deutsche Bank Securities Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">640,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Goldman, Sachs&nbsp;&amp; Co.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">640,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">RBC Capital Markets, LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">640,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">UBS Securities LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">640,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Wells Fargo Securities, LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">640,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">I-1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SCHEDULE II </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Number of Firm Shares: 8,000,000 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As to each investor, the
price per share paid shall be the price paid by such investor. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule IIIA-2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SCHEDULE IIIA </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">OPERATING SUBSIDIARIES </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Wholly Owned
Subsidiaries </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="89%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:21.30pt; font-size:8pt; font-family:Times New Roman"><B>Entity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Jurisdiction&nbsp;of</B><br><B>Organization</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ELTM, L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Energy Marketing, L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge G &amp; P (East Texas) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Texas</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge G &amp; P (North Texas) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Texas</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge G &amp; P (Oklahoma) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Texas</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Gathering (North Texas) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Texas</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Holdings (Texas Systems) L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Liquids Marketing (North Texas) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Marketing (North Texas) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Marketing (U.S.) L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Marketing (U.S.) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Texas</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Partners Risk Management, L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (Bakken) L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (Bakken) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (East Texas) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Texas</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (Lakehead) L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (Louisiana Liquids) L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (North Dakota) LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (North Texas) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Texas</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (Oklahoma Transmission) L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (Ozark) L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (Texas Gathering) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule IIIA-1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="89%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:21.30pt; font-size:8pt; font-family:Times New Roman"><B>Entity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Jurisdiction&nbsp;of</B><br><B>Organization</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (Texas Intrastate) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Texas</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (Texas Liquids) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Texas</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (Wisconsin) Inc.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Wisconsin</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Rail (North Dakota) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Storage (Cushing) L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Storage (North Dakota) L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">H&amp;W Pipeline, L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Alabama</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Midcoast Energy Partners, L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Midcoast Holdings, L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Midcoast OLP GP, L.L.C.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Midcoast Operating, L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Texas</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Tri-State Holdings, LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Michigan</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Non-Wholly Owned Subsidiaries </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="89%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:21.30pt; font-size:8pt; font-family:Times New Roman"><B>Entity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Jurisdiction&nbsp;of</B><br><B>Organization</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Energy, Limited Partnership<SUP STYLE="font-size:85%; vertical-align:top">1</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Texas Express Gathering LLC<SUP STYLE="font-size:85%; vertical-align:top">2</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Texas Express Pipeline LLC<SUP STYLE="font-size:85%; vertical-align:top">2</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Partnership owns, directly or indirectly, 100% of the Series LH partnership interests, 33.33% of the Series AC partnership interests, 25% of the Series EA partnership interests and 25% of the Series ME partnership
interests of Enbridge Energy, Limited Partnership. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Partnership owns 35% membership interest of Texas Express Gathering LLC and Texas Express Pipeline LLC. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule IIIA-2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SCHEDULE IIIB </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">MATERIAL SUBSIDIARIES </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(i) Wholly-Owned
Subsidiaries </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:21.30pt; font-size:8pt; font-family:Times New Roman"><B>Entity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Jurisdiction&nbsp;of&nbsp;Organization</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Midcoast Operating, L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Texas</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (North Dakota) LLC</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Pipelines (Texas Gathering) L.P.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"><B>(ii) Non-Wholly Owned Subsidiaries</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Enbridge Energy, Limited Partnership</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">Delaware</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule IIIB-1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SCHEDULE IV </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SERIES OF PREFERENCE SHARES OF ENBRIDGE INC. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="19%"></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:40.60pt; font-size:8pt; font-family:Times New Roman">Series Name</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Number&nbsp;of&nbsp;Shares&nbsp;(in&nbsp;millions)</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series A</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">5</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series B</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">20</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series D</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">18</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series F</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">20</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series H</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">14</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series J</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">8</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series L</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">16</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series N</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">18</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series P</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">16</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series R</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">16</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series 1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">16</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preference Shares, Series 3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">24</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule IV-1 </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>d595763dex51.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 5.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">September&nbsp;11, 2013</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">


<IMG SRC="g595667g94b74.jpg" ALT="LOGO">
</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fulbright &amp; Jaworski LLP</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1301 McKinney,
Suite 5100</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Houston, Texas 77010-3095</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tel +1 713 651 5151</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fax +1 713 651 5246</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">nortonrosefulbright.com</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Enbridge Energy Management, L.L.C. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Enbridge Energy Partners, L.P. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Enbridge Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1100 Louisiana, Suite 3300 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Houston, Texas 77002 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have acted as counsel
to (1)&nbsp;Enbridge Energy Management, L.L.C., a Delaware limited liability company (the&nbsp;&#147;<U>Company</U>&#148;), in connection with the proposed offering by the Company of up to 9,000,000 shares representing limited liability company
interests with limited voting rights (including an over-allotment option to purchase up to 1,000,000 common shares) (the &#147;<U>Listed Shares</U>&#148;), (2)&nbsp;Enbridge Energy Partners, L.P., a Delaware limited partnership (the
&#147;<U>Partnership</U>&#148;), in connection with the sale by the Partnership of an approximately equal number of limited partnership interests denominated as i-units (the &#147;<U>i-units</U>&#148;) to the Company for a portion of the net
proceeds of the offer and sale by the Company of the Listed Shares, and (3)&nbsp;Enbridge Inc., a Canadian corporation (&#147;<U>Enbridge</U>&#148;), in connection with the obligation of Enbridge to purchase Listed Shares in certain circumstances as
specified in the purchase provisions (the &#147;<U>Purchase Provisions</U>&#148;) attached as Annex A to the Amended and Restated Limited Liability Company Agreement of the Company, as amended (the &#147;<U>Amended and Restated LLC
Agreement</U>&#148;). The Listed Shares and the i-units are to be issued pursuant to the registration statements on Form S-3, as amended (Registration Nos. 333-184298 and 333-184298-01, respectively) (the &#147;<U>Registration Statement</U>&#148;),
and the Purchase Provisions pursuant to the registration statement on Form F-3, as amended (Registration No.&nbsp;333-185591) (the &#147;<U>Form F-3 Registration Statement</U>&#148;, and, together with the Registration Statement, the
&#147;<U>Registration Statements</U>&#148;), including the base prospectus contained in the Registration Statements and the prospectus supplement (the &#147;<U>Prospectus Supplement</U>&#148;) dated September&nbsp;9, 2013 relating to the offering of
the Listed Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As counsel to the Company, the Partnership and Enbridge, we have examined originals or copies of such corporate
records of the Company, the Partnership and Enbridge, certificates and other communications of public officials, certificates of officers of the Company, the Partnership and Enbridge, and such other documents as we have deemed necessary or
appropriate for the purposes of this opinion. In such examinations, we have assumed the genuineness of signatures and the conformity to the originals of the documents supplied to us as copies. As to various questions of fact material to this
opinion, we have relied upon statements and certificates of officers and representatives of the Company, the Partnership and Enbridge. Without limiting the foregoing, we have examined the Underwriting Agreement, dated September&nbsp;9, 2013 (the
&#147;<U>Underwriting Agreement</U>&#148;), by and among the Company, the Partnership, Enbridge, and Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley&nbsp;&amp; Co. LLC, as representatives for the underwriters named therein.
We have also relied on the opinion of McCarthy Tetrault LLP as to matters concerning the laws of Canada and the Province of Alberta, including the due organization and existence of Enbridge Inc. and the due authorization by Enbridge Inc. of the
Purchase Provisions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fulbright&nbsp;&amp; Jaworski&nbsp;LLP is a limited liability partnership registered under the laws of Texas. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fulbright&nbsp;&amp; Jaworski&nbsp;LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP, Norton Rose Fulbright
South Africa (incorporated as Deneys Reitz, Inc.), each of which is a separate legal entity, are members of Norton Rose Fulbright Verein, a Swiss Verein. Details of each entity, with certain regulatory information, are at nortonrosefulbright.com.
Norton Rose Fulbright Verein helps coordinate the activities of the members but does not itself provide legal services to clients. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">September 11, 2013 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 2
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Based upon the foregoing, and subject to the limitations, qualifications, assumptions and
exceptions stated herein, we are of the opinion that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">The Listed Shares have been duly authorized and, when delivered to and paid for by the underwriters pursuant to the Underwriting Agreement, will constitute legal and binding obligations of the Company.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">The i-units have been duly authorized and, when delivered to and paid for by the Company, will constitute legal and binding obligations of the Partnership. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">The Purchase Provisions have been duly authorized, and the owners of the Listed Shares will be entitled to the benefits thereof. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We express no opinion as to the binding effect or enforceability of any provisions exculpating a party from, or requiring indemnification of a
party for, liability for its own action or inaction, to the extent the action or inaction involves gross negligence, recklessness, willful misconduct or unlawful conduct. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The opinions expressed herein are limited exclusively to the General Corporation Law of the State of Delaware, the Delaware Revised Uniform
Limited Partnership Act, the Delaware Limited Liability Company Act and the applicable provisions of the Delaware constitution and reported decisions concerning such laws, the laws of the State of Texas, the laws of the State of New York and the
federal laws of the United States of America, and we are expressing no opinion as to the effect of the laws of any other jurisdiction. We hereby consent to the filing of this opinion as an Exhibit to the Registration Statements and to the references
to us under &#147;Legal Matters&#148; in the Prospectus Supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Very truly yours, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ Fulbright&nbsp;&amp; Jaworski LLP </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fulbright&nbsp;&amp;
Jaworski LLP </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.2
<SEQUENCE>4
<FILENAME>d595763dex52.htm
<DESCRIPTION>EX-5.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-5.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 5.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:73%; text-indent:-2%; font-size:8pt; font-family:Times New Roman">McCarthy T&eacute;trault LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:73%; text-indent:-2%; font-size:8pt; font-family:Times New Roman">Suite 3300 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:73%; text-indent:-2%; font-size:8pt; font-family:Times New Roman">421-7th Avenue S.W. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:73%; text-indent:-2%; font-size:8pt; font-family:Times New Roman">Calgary AB T2P 4K9 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:73%; text-indent:-2%; font-size:8pt; font-family:Times New Roman">Canada </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:73%; text-indent:-2%; font-size:8pt; font-family:Times New Roman">Tel: 403-260-3500 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:73%; text-indent:-2%; font-size:8pt; font-family:Times New Roman">Fax: 403-260-3501 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g595667g44q12.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">September&nbsp;11, 2013 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Enbridge Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3000, 425 - 1st Street S.W. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Calgary, Alberta T2P 3L8 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B>We have acted as your Canadian counsel in connection with the: (i)&nbsp;filing by Enbridge Energy Management, L.L.C., a Delaware limited liability
company (&#147;<B>EEM</B>&#148;), of <FONT STYLE="white-space:nowrap">Post-Effective</FONT> Amendment No.&nbsp;1 (the&nbsp;&#147;<B>Amendment</B>&#148;) to a registration statement on <FONT STYLE="white-space:nowrap">Form&nbsp;S-3</FONT>
(the&nbsp;&#147;<B>Registration Statement</B>&#148;); and (ii)&nbsp;filing by Enbridge Inc. (&#147;<B>Enbridge</B>&#148;) of a Registration Statement on <FONT STYLE="white-space:nowrap">Form&nbsp;F-3,</FONT> as amended by Amendment No.&nbsp;1 and
Amendment No.&nbsp;2 (the&nbsp;&#147;<B><FONT STYLE="white-space:nowrap">Form&nbsp;F-3</FONT> Registration Statement</B>&#148;). The <FONT STYLE="white-space:nowrap">Form&nbsp;F-3</FONT> Registration Statement has been filed to register certain
purchase obligations of Enbridge to purchase all of the shares of EEM. In connection therewith, Enbridge has previously executed and delivered the purchase provisions (the&nbsp;&#147;<B>Purchase Provisions</B>&#148;) that are attached as
Annex&nbsp;A to the Amended and Restated Limited Liability Company Agreement of EEM dated as of October&nbsp;17, 2002, as amended (the&nbsp;&#147;<B>Amended and Restated Limited Liability Company Agreement</B>&#148;).<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B></B>We have also acted as your Canadian counsel with respect to certain matters in connection with the proposed offering by EEM of up to 9,000,000 common
shares representing limited liability company interests with limited voting rights (the&nbsp;&#147;<B>Listed Shares</B>&#148;) (including an overallotment option to purchase up to 1,000,000 Listed Shares) pursuant to the Prospectus Supplement dated
September&nbsp;9, 2013 (the&nbsp;&#147;<B>Prospectus Supplement</B>&#148;), forming part of the Registration Statement and <FONT STYLE="white-space:nowrap">Form&nbsp;F-3</FONT> Registration Statement. This opinion is being rendered to you at your
request to facilitate the delivery by Fulbright&nbsp;&amp; Jaworski L.L.P. of an opinion regarding the enforceability of the purchase obligations under the Purchase Provisions. We hereby consent to the filing of this opinion as an Exhibit to the
Registration Statement and the <FONT STYLE="white-space:nowrap">Form&nbsp;F-3</FONT> Registration Statement.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As the basis for the opinions
hereafter expressed, we have examined such statutes, corporate records and documents, certificates of corporate and public officials and other instruments and documents as we have deemed necessary or advisable for the purposes of this opinion,
including a copy of the Amended and Restated Limited Liability Company Agreement to which the Purchase Provisions are attached as Annex&nbsp;A and which is attached as an exhibit to the Registration Statement. In such examination, we have assumed
the authenticity of all documents submitted to us as originals and the conformity with the original documents of all documents submitted to us as copies. For the purposes of the opinion expressed in paragraph&nbsp;1, we have relied exclusively upon
a certificate of compliance electronically retrieved from Industry Canada on September&nbsp;11, 2013. As to various questions of fact material to our opinion, which we have not verified independently, we have relied upon certificates of or letters
from government officials and Enbridge or its officers, including a certificate of an officer of Enbridge with respect to the opinions given in paragraphs&nbsp;3 and 4. The expression &#147;of which we are aware&#148; means the conscious awareness
of facts or other information known to the </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">page 2 </P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g595667g33w72.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
lawyers of our firm directly involved in the filing of the Amendment, the Registration Statement and the <FONT STYLE="white-space:nowrap">F-3</FONT> Registration Statement, being John S. Osler
and Wilson J. Acton. We have not undertaken any special or independent investigation to determine the existence or absence of such facts or circumstances. No inference as to our knowledge about the existence or absence of such facts or circumstances
should be drawn merely from our representation of Enbridge. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Based on the foregoing, we are of the opinion that: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">Enbridge is a corporation validly existing under the laws of Canada. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Enbridge has the corporate power and authority to perform its obligations under the Purchase Provisions. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">The execution, delivery and performance by Enbridge of the Purchase Provisions have been duly authorized by all requisite corporate action on the part of Enbridge. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The performance by Enbridge of its obligations under the Purchase Provisions will not (i)&nbsp;violate the articles or <FONT STYLE="white-space:nowrap">by-laws</FONT> of Enbridge as they currently exist;
(ii)&nbsp;constitute a breach of, or default under, any material agreement, indenture, lease or any instrument, of which we are aware, to which Enbridge is currently a party or by which it is bound; or (iii)&nbsp;violate any law of the Province of
Alberta, Canada or the federal laws of Canada applicable therein. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">Except as may be required pursuant to any applicable Canadian securities laws or pursuant to the Canada Business Corporations Act, no consent, approval, permit, authorization, order, registration, filing or
qualification under the laws of the Province of Alberta, Canada or the federal laws of Canada applicable therein is required for the performance by Enbridge of its obligations under the Purchase Provisions. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following opinion is based on and limited to the laws of the Province of Alberta, Canada and the federal laws of Canada applicable therein in effect on
the date hereof and we render no opinion with respect to the laws of any other jurisdiction. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Yours truly, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>McCarthy T&eacute;trault LLP </B></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-8.1
<SEQUENCE>5
<FILENAME>d595763dex81.htm
<DESCRIPTION>EX-8.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-8.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 8.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g595667g15r42.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">September&nbsp;11, 2013 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Enbridge Energy Management, L.L.C.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Enbridge
Energy Partners, L.P.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Enbridge Inc.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1100 Louisiana, Suite
3300</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Houston, TX 77002</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fulbright&nbsp;&amp; Jaworski LLP</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1301
McKinney, Suite 5100</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Houston, Texas 77010-3095</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United
States</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tel +1 713 651 5151</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fax +1 713 651 5246</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">nortonrosefulbright.com</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top">Offering of Listed Shares by Enbridge Energy Management, L.L.C. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have acted as counsel to (1)&nbsp;Enbridge Energy Management, L.L.C., a Delaware limited liability company
(the&nbsp;&#147;<U>Company</U>&#148;), in connection with the proposed offering by the Company of up to 9,000,000 shares representing limited liability company interests with limited voting rights (including an over-allotment option to purchase up
to 1,000,000 common shares) (the &#147;<U>Listed Shares</U>&#148;) , (2)&nbsp;Enbridge Energy Partners, L.P., a Delaware limited partnership (the &#147;<U>Partnership</U>&#148;), in connection with the sale by the Partnership of an approximately
equal number of limited partnership interests denominated as i-units (the &#147;<U>i-units</U>&#148;) to the Company for a portion of the net proceeds of the offer and sale by the Company of the Listed Shares, and (3)&nbsp;Enbridge Inc., a Canadian
corporation (&#147;<U>Enbridge</U>&#148;), in connection with the obligation of Enbridge to purchase the Listed Shares in certain circumstances as specified in the purchase provisions (the &#147;<U>Purchase Provisions</U>&#148;) attached as Annex A
to the Amended and Restated Limited Liability Company Agreement of the Company, as amended (the &#147;<U>Amended and Restated LLC Agreement</U>&#148;). The Listed Shares and the i-units are to be issued pursuant to the registration statement on Form
S-3, as amended (Registration Nos. 333-184298 and 333-184298-01, respectively) (the &#147;<U>Registration Statement</U>&#148;), and the Purchase Provisions pursuant to the registration statement on Form F-3, as amended (Registration
No.&nbsp;333-185591) (the &#147;<U>Form F-3 Registration Statement</U>&#148;, and, together with the Registration Statement, the &#147;<U>Registration Statements</U>&#148;), including the base prospectus contained in the Registration Statements and
the prospectus supplement (the &#147;<U>Prospectus Supplement</U>&#148;) dated September&nbsp;9, 2013 relating to the offering of the Listed Shares. In connection therewith, we have participated in the preparation of the discussion (the
&#147;<U>Discussion</U>&#148;) set forth under the caption &#147;Material Tax Consequences&#148; in the Prospectus Supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to
the assumptions, qualifications and limitations set forth in the Discussion, we hereby confirm that all statements of legal conclusions contained in the Discussion reflect the opinion of Fulbright&nbsp;&amp; Jaworski LLP with respect to the matters
set forth therein as of the date of the Prospectus Supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In providing this opinion, we have examined and are relying upon the truth
and accuracy at all relevant times of the statements, covenants and representations contained in (i)&nbsp;the Registration Statements, (ii)&nbsp;the Prospectus Supplement, (iii)&nbsp;certain other filings made by the Company and the Partnership with
the Securities and Exchange Commission (the &#147;<U>SEC</U>&#148;), and (iv)&nbsp;other information provided to us by the Company, the Partnership, Enbridge and Enbridge Energy Company, Inc., a Delaware corporation and the general partner of the
Partnership. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Fulbright&nbsp;&amp; Jaworski LLP is a
limited liability partnership registered under the laws of Texas. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Fulbright&nbsp;&amp; Jaworski LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright
Australia, Norton Rose Fulbright Canada LLP, Norton Rose Fulbright South Africa (incorporated as Deneys Reitz, Inc.), each of which is a separate legal entity, are members of Norton Rose Fulbright Verein, a Swiss Verein. Details of each entity, with
certain regulatory information, are at nortonrosefulbright.com. Norton Rose Fulbright Verein helps coordinate the activities of the members but does not itself provide legal services to clients. </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g595667g50s28.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">September 11, 2013 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Page 2
</P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We hereby consent to the filing of this opinion of counsel as
Exhibit 8.1 to the Current Report on Form 8-K dated on or about the date hereof, to the incorporation by reference of this opinion of counsel into the Registration Statements and to the reference to our firm in the Prospectus Supplement. In giving
such consent, we do not hereby admit that we are (i)&nbsp;experts within the meaning of Section&nbsp;11 of the Act or (ii)&nbsp;within the category of persons whose consent is required under Section&nbsp;7 of the Act or the rules and regulations of
the SEC issued thereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Very truly yours, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/
Fulbright&nbsp;&amp; Jaworski LLP </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fulbright&nbsp;&amp; Jaworski LLP </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g595667g15r42.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g595667g15r42.jpg
M_]C_X``02D9)1@`!`0$`W`#<``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"``S`2P#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]QOVC?CKH
MG[,OP(\5^/O$,Z6^C^$]-FU&X9FQN"+\J#_:9MJ@=RPK\PO^#<K_`(*S:Q^U
MO\7/BUX$\?:EYNNZYJMQXQT$2.>(II,7%HF>BQ#RBBC^$M_=KM_^"[^H^,_V
MVOBAX`_8_P#AB[#5?&#)XD\87O/V;2-+BD(B-P1T!D1G"]6,<8`^85X)^V-_
MP1VO_P#@D%XE^&/[1GP".JZQ:_"[[.?&^G2R-)<7]NF!<WB]<1R(9!(@X0%6
M`P#@*25M3]ME.5%+7._"7XGZ1\9_AEH/BW0+E;S1?$=A#J-E,"/GBE0.OXX.
M#[@UT5!(4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`'DWP!^`>@_!OQOXLURZNK3
M4/B%\0+TZGK5X[J;AXU4)!;1@_,MO#&JJHZ$AF/+&O3=<^Q)I,XU`VRV+H4G
M^T$"(JPP0V[C!SCGUK\%O^"\W[4?C#]CW_@N'X1^(OA*>^,W@[POIE_<V\;M
MY$]NT]Q%-'(!P$D63RR3W<=\5]__`/!4C]HC0_VH?^"#GC_XC>$+UI-)\3>&
M;34;62-\20EKNWW1M@_*Z-N1AV*D4#L?4O[,/P#TS]F/P3?^&_#EU&W@=;R7
M4-"MM^X:3%,QDEMD;H8%D+M'_=63;T4&NH\&?&WP=\1-<N],T'Q7X=UK4;`D
M7-K8ZC#<30$==RJQ(K\B_P!K[]HWQ]XQ_84_9*_9C^%NJW&F>-?CAX?T]=2U
M&.5EDMM.6)5<%E^958[F<C!*1,/XC7+?MA_\$'-5_P""5_P-M/C]\"OB+XIG
M\;_"X1ZMK:7.U4OK="//D14'W`"2T;[E:/=GIR!8_;K6/$-AX?C1K^^L[%9"
M0AN)EB#$=AN/-+IVN6FL6OGV=W;7<`./,AE5TS]0<5^+W_!9OXH0?\%'_P!F
MS]AW6;#4+O0[7XO>(Q97<EHWSV3W'V6"<`9PQCD\P8/&5KE=;_9A^)'_``;V
M_MN?!S5]$^)NK^./A5\3]:3P_J^FWH:(.7949'BW,A8+(LB2+@@H01CJ#L?M
M]_PL'02<#6M*S_U]Q_XTC_$+0DZZUI(_[?(_\:_&S]OC_@VWTOX8?#3XR_%O
M1OB]XIM;70=.UKQ;9:&ML/*A2**:Z2T\SS,[0%";L9P,XKSG_@G%_P`&[EM^
MVW^R+X!^*^J?&3Q9I#>*XI+FXTR&W\Q(UCN9(B@D,@/S"/.<<;J`LC]UO%WQ
M(T#P!X=.KZYK>DZ/I8P3>7MU'!!@]/G8@<_6I_"?C32?'NA0ZIH>J:?K.G7`
MS%=65PD\,GT920?SK\7Y?V:]4_X+\_M^>/=&U#Q/J_AO]G7X`S+X7TNQTU@!
M>W$>Z/,8.4W,8V8N02$$8&,UN_LX_"[Q-_P04_X*G^"_A='XIU7Q'\"/CSNL
MM+COVR;"_#*JY`^42*[HI9`-Z3+D9`-`6/V-M=;M+R^EM8KJVENH!F6%95:2
M/_>4'(_&EU/6;71H1)=W5O:1L=H::01@D]!DFOYZ?C?^WYX@_P""?'_!PO\`
M$CQSYNIW/@K_`(2!-(\26JLSP/9SPQYXZ!T*^8O?,9'0FOO3_@Y&\9VWBG_@
MG+X)U_0=1\_3]4\7Z/>6EW:RX6XAE#,C*P/*LI!_&@.4_2O<"N01@C.169J7
MC32-&N_L]YJNF6D^`?+FNDC?GIP2#S3O!QW>$=*)Y)LX>O\`N"OQ:_X*&_L*
M+_P4;_X.`]?^&UWXOUGPC9IX`M=96ZL5\Q@\2QJ%V$@8._)/7B@21^VEM<)=
MP)+&Z21N-RNI!5AZ@BL3Q[\3O#OPMT;^T?$NO:/X?L"VP7&HW<=M$6]-SD#/
MM7Y/_P#!)#5?B;_P3>_X*?>+?V3?'/C2Z\<>#[[07\0>';RX=R+8(OF;T5RQ
MC#IYBO&&*[D4CJ<\%\//V4]8_P"#CC]L+XF?$+QUXMU[1/@=\/\`4Y/#GA?3
M=.D`-P\8Y9-P**2I$CO@L3(B\`"@?*?M9X<\3:?XOTB#4-*OK+4M/N5WPW-K
M,LT4H]59201]#63\1?C%X4^$5M!/XI\2Z#X<AN6V0OJ5_%:B5O1=[#/X5^4/
M[`OAOQ=_P1:_X*KV/[-FK>)M1\2?"'XQV4E_X2FO&_X\[I`Y"X^ZCG8T;A<!
MLQ-CD5YM\'?V(H/^"^'_``4)_:#\5?%3QAXBLO"WPXUD^']`T?3IE5K6-7D1
M,;P510L6XX&7>1B2,4"L?MU:>,=)OM"BU2'5-/ETR<!H[M+A&@D!Z$.#M.?K
M43>/=#"Y_MK2<>OVN/\`QK\D?^"D?["4W_!-#_@@?\2_`.F^+]3\2:?'XSL=
M5TN\G!BN;6VFNK-!`VTXRK(YRN`=P.`2:YCX7?\`!J[;?$7X8>'?$#_'SQA;
M/KNEVVH&$6`983+$LFW/F\@;L>]`[+N?M3;W"74"R1NLD;@,K*00P/<$53U+
MQ-IVC7"Q7E_96DC#<JS3K&6'J`2.*Q/@=\,Q\&O@[X7\)B]EU(>&M+M]-%W(
MNU[CRHU3>1S@G&>M?E!_P7._9GE_;/\`^"Q'[.7PI;Q-JGA:S\9>&+^*:^L?
MF>#R?M=P"$R`<^4%Y]?:@25S]<CX]T,.J_VSI.YR%4?:X\L?0<U;LM<M-2FF
MCMKNVN)+<[95CD5S$?1@#P>#UK\N/V?/^#7[PY\$OCEX3\8ZA\8?&/B>V\+Z
MI!JATNZMD2&\>%PZHYWGY=RC/'.,=ZW_`/@@]=W-Y^V'^V@)YYI5@\>(B!W+
M!!ON^!GI0%C]*;[6[32I84NKNVMWN6\N%9950R-_=7)Y/(X%)9:[9:A?W%K!
M>6D]S:\30QS*TD/^\H.1^-?FO_P<"WES9_M$?L5>1/-")OBM:QR".0J)`;FR
MX..HH_X)3SS2?\%L/VX8WFE>*&^TW8C.2J;FF)P.U`6TN?I?>WL6GV[2SRQP
M1)RSR,%5?J3TJMI7B33]<9Q97]E>&/[P@G60K]<'BOCW_@X5O+C3O^"/WQCN
M+6>:VFB@TLK+$Y1U_P")M9`X(YZ$C\:_,3Q[_P`$F/B!^P;^PCX6_:L^%WQN
M\40:]I>C:9XFU#3)P8D\NX6)F1&5\.JM*`4D4AUSF@$C^@#5-=L]#A$M[=VM
MG$QVAYY5C4GTR<<TFEZ]9:Y"9;*\M;R-3@M!*L@!],@FOR4_X+\^/;W]I/\`
MX)C_`+.FOM-/H]SX_P#$ND27)MF93`UU9R;\<\@%C@'T%>$_'3]BWXG?\&]7
MQ<^%_P`6?!/Q4UKQCX$U[78-(\0:3>!H/.C<[C'(@9HW5DW[7P&1U4\YH'8_
M>*^UJTTN6!+JZMK9[EMD2RR*AE/HN3R>1P*L7%PEK`TDCK'&@RS,0`H]237Y
MD_\`!>W6)+OX^_L37%E//%!>_$B)L(Y3S$:2R8;@.O':JO\`P5X^)OQ$_;>_
M;8\(?L9?"OQ#<^%;/5=,'B#Q_KENS*UI99++;DKAL;55MN0'::($XW4"2/T-
M\-_M(_#_`,8^)WT32?&_A/4]8C;8UE:ZM!+.#TQL5B<^V*ZQM8M4U)+-KJW6
M[D7>L!D`D9?4+G)'!Y]J_*[Q/_P:C_"O1?"5G<^!/B!XZ\/^.M,*3V^KW-PD
MT,LRD'+1HJ,BDCJK9&:WOBX][I__``<X?`RP>\F:)?AG="5!*WERNL&I`MCN
M<]S0&A^G-Y=Q6%L\TTL<,48W.[L%5!ZDG@50E\9Z1;QQ-)JNFQK.N^(M<HHD
M7U7GD>XKP/\`X*^RR6__``2_^.TD,CQ2Q^#=0=71BK*1$3D$=*^&OA9_P2!L
M?^"H_P#P2Z_9>U:?QYK7@G6?#'A>2*2[LXC<-J$4LI8(^77[C!B#S]\T`?J]
M_P`)WHF/^0SI7_@7'_C2#Q]H1S_Q.M)_\#(_\:_GB\#?\$/IO&'_``5:\:_L
MWM\7?%$-EX3\,V_B!-;$!:6X:2.V<QF+S,`#SR,Y_A'K7Z:?LC?\&_GP]_9U
M^&5UH?B/7M2^(&HW.HR7W]I7T1B>-&CC00A0Y^4&,GKU<T`TCR/]H_X,:#^T
M3_P<8ZAX$\46J7N@^*_@E/IU[$0"2CRR<KGHRD!@>Q4&OA/6OB[XA_X)P_`+
M]JW]C+XD7,G]GW5D=1\%7DN=MPPN89!L[;)X`K@?PO&ZGD\?HKX@<+_P=.:*
M,_>^$C#_`,B2FLC_`(.<_P#@FT/VE?V;8?B]X8L`_C+X9022:B(DS)J.D_>D
M!QU,)!D'HID]L!2:O9GCO[`-O'XD_P""QG[,BWX#+H/[/5G<Z<K=!(T5PC,/
M?;+)^5?KC^U#X>M/%G[-GC_3+]4:QU#PYJ%O<!NA1K:0-G\#7XY?&37[G]@W
M6_V%/VJ7M+F?PE9^#K3P=XFE@0L88)8'*YQ_L33,H[F/CFOKK_@K=_P6&^%/
M@/\`8%\1P?#_`,=>'_&'C+XDZ5)HWAZRT6^CN[B,W2>6T\B(2T>Q'8@.`2P4
M8ZX!-:Z'YO\`P>U2YU']A'_@GO%<,QCLOC5>06^?^>?]HV[\>VYVK[&_:R^(
MT/\`P5S_`."OOP[^"7AV">P\'_L]ZG)XD\67U^GV:>ZN8G0>3!$^'9=PC7=C
M!\PMT`W>1?M(_LU77[(?[-7_``37\#:G$+?6+/X@V]]J49'S1W5S=VUQ(A]T
M:;9_P"O4O^"XWPTUO_@GS^VC\-OVTOA_:.(;*ZBT/QO:6PPE]$X,:O(.G[R(
MF(D]&2$\'F@>Y^@7_!3-3)_P3A^/V/\`HG/B#_TVW%>0?\$'[B6R_P""-OPC
MEA7?+%I%Z\8'=A>7)`_.NX_;/^+>B_'C_@D/\7/&?AN[COM!\4?"C6M3L9T.
M0\4NE3NN?0C.".Q!':N0_P""`AW_`/!(;X,9YSIUW_Z77-!/0\8_X-8=,MXO
M^"=^O:BI$E]K'CC4KF]D)RSR!($!/OM5?SJK_P`'+UFNE^`?V;_$5J,:WH_Q
M:TV.R9?O@/')(V._WX(OR%>>?\$E/VB_#?\`P2]_;)^.O[,/Q.U>Q\(:==>*
M)O$G@_4-4F6ULYX)U`$9E<A5W1+"5R0-RR#J14O[<'Q_T+_@JW_P5G^`?P7^
M'&HVWBGPC\*-8/C'Q5JEA(+BP:2%HW""1<JZJ%";@<%K@@$T#L[W.:\*?L:Z
M'^WS_P`%%?V_?AEK8CB.KP:=-IUV0"VGWT9+03*>V&X..JLP[U\7>-_VP=>T
MK_@G3J_[*WQ-$MAX\^#OQ`TZ+2XK@G?-9+/(DL(/?R7P5QP8Y5QPM?IO_P`$
MR6!_X+K?MHJ3_#IY'_?5>#_\'.?_``3:$7CCPK^T3X3L%`-]:Z7XPCB3J?,1
M;:[./^_3D_\`3/WH&GKJ?LWX-_Y%#2O^O.'_`-`%?F3K?C"R^'G_``<R>--?
MU(W']GZ+\&VO;GR('GE\N,0NVU$!9C@'``R:_3;P;_R*&E?]></_`*`*_-K0
MPEW_`,'2WB**15=&^$RHRD9#`F#((^AH)1Y;^QCXGU#_`(**?M7_`+1?[8EG
M`=)\,>$_"&H>$?!=F\BF]E=+-R9YD!)C.W)P>\V!G82?H;_@V.T*STG_`()%
M>#+FV5!/JNKZO=79'4RB^EA&??RXH_PQ7R_X:BC_`."+O_!9/Q!X"U'-I\!/
MVG@WV)'XM-+N9G**.>`(Y9&B/_3.5"<[01U__!#7]K3PU^P%XN^*7[*/Q9U_
M3?!VK>!_$UW?>'[K6;I+.UO;27:=BRR%4!("RKD_,)C@G%!5M#O/^"\=FNE?
MME_L/Z];?+JUG\38;6$C[S1R7%D77Z$HH_&O`/V\OV=?VA/^"-7[;WC7]H_X
M#Z>WB7X8^.KDZAXDTKRC<PVA=O,ECN8D(<1>89&CF3_5[\$_WO1OB=\<-(_X
M*Q_\%U/@YH'@&\B\0_#K]G43>(M6U>U/F6=S?AT=?+<<,HEBME4]#B3&17VG
MI?\`P5O_`&;?&?P\\1:E>?$[PE80:%]IM=6TK5KJ.WOHVB+1R1?9G.^0DJ0`
M@8,",=:`O8^*?^"HG[??A;_@I%_P;S>+OB+X:BET^0ZQI6GZKILK[Y-,O8[^
MV+PEN-PVNK*W=7!X.0/,_AK_`,%)?^"EFA_#/P]9Z)^S?HUUHUIIEM#87"^%
M;Z0SP+"HC<D7F"2@!R``<]!TKYK^&N@RR?\`!`7]J;Q396,^F^$/$_Q-TLZ#
M;2+M"1QW<!8*/15DB3([QD=C7['?`#_@KI^S1H'P)\%6%[\9_`]K>V6@V,%Q
M`]]\\,B6Z*RGCJ""#[B@'H?3/P'\0^(/%OP6\*ZIXLL%TOQ/J&E6UQJMFL31
M"UNFC4RQA&)*[6)&"21CK7Y.?\%X?VC];_9'_P""P'[-WQ%\-^$Y_'&M^&_#
M.HO;:'"\BO?&7[5"P!1'8;5D9^%/W/QK];?A+\6/#GQQ^'VG>*O"6KVFN^'M
M71I+._M6+0W*ABI920,C<I&?:OSM_;K.?^#C_P#8_4=1X<UAC]/LNH_X&@4=
MS`_8R_X+\?&#]IO]JOP5X`U[]FW4?!^C^*-0^QW6KRW%XRV";';>0]NBGE0.
M6'6N@_X(/G'[9'[:PS_S/T?_`*%=5^F4B@\_TK\?_P!A_P#:G\(_\$W/^"P?
M[3OPY^*NK6OA"S^(FKQ:_HNJZBWE6<P;?(BM(>%#),<$\90C(-`+5:'IW_!P
M(0/VCOV(\]/^%N66?_`JRH_X)4@#_@MM^W-@_P#+[I9_]'5YO_P45_:A\&_\
M%&/^"J'[)/PP^%&N6/C./P'XO7Q5XAU#3'\^TMHH9K:8H)%^4D1V\N2.`709
MR35/]CW]MCX6?L<_\%H_VSKOXG>--)\'6^OZG8PZ>]]OQ<O%YF\+M4]`RDY]
M:`2TL?6O_!P^<?\`!''XS_\`7OI?_IWLJ_.#_@I%\4?VFO%/[(?PX\$VWP\U
MJ[_9FTGP9X:U+7=7T/3V^UZC`EG!)<1R7#,ZJBD'D1@`@%MP%?8O_!8?]NSX
M2?MC?\$>/CY'\,?&^D>,GT2VT<W_`-A$F+42:O9[-Q90.=K8'L:?X:_X+,?L
MX?`S_@E_X5TW5?'N@>(M?L_A]::9)X;L\W%U=7/V!8FMG4#:N7RK%B`.:!H\
MG_X*_P#QO\%?M'_\$Q_V6_%GP]#0>#]1\?:+%IUNXQ)9+%'-"8'_`-J-D*'W
M4UL?\%/OB<G_``4__;^^&'[(_A6&XLK/P5K$7B7QOJ=\GV;;##&K>5;*^#+^
M[<_,`06=<?*K&OEOXA?"C7/@Y_P0?_92LM?@FL[O6/BO#K,-O,"KPV]Q-</%
MP>FY"K_]M*^KO^"_WP#U_P#9R\??##]L?X:PF#Q+\-+JVM/$RPK@7]B6"QM)
MCJOS/"^>JS+R-HH"QU?_``7RL8[3]H/]B>*(;(H?B9'&@'0*'M,#]*/^"=#K
MXF_X+W_M@7]_A]1TVSL+*U+_`'D@'ECCVPJUP/\`P5?_`&C_``_^UA=?\$_O
MB+X8G$NB^+/'\-[#R"T+>;9K)$V.C1R!T([%32?M?_%8?\$C?^"Z]A\8?$4%
MU'\(_CMH2:9K-]#&673KR(!"S`=2C1PR$=2DSD9*XH$MK'Z#?\%#?VP(_P!@
MW]D[Q+\4)=$?Q$GAWR<V"7`@,WF2K']\@XQNSTK\HO\`@J-^U!\4_!'_``6%
M^"'Q+^"O@A/&/C_4_A7!?6.@2V$^HAH[E;PRYC@>.1]D<C'((QMR>,BOIO\`
MX+S?MN_!_P"+'_!*?QE8>&/B;X'U_4?$7V(Z?9Z?K,%Q=7.+B-SB%&+C"@DY
M`QCFO._`[+_P_M_9-'<_`V'_`--][_A0"T/G[]L?_@IY^W[\3_V5_'_AWX@_
MLWV7AOP1K6B7-GK>J)X.U:V;3[1XR))1))=,B;5R=S*0.XK]3_\`@B:?^-4W
MP,]/^$8A_P#0WK6_X*_G9_P2[^/)X'_%%:D/S@:LG_@B2XD_X)1?`QO^I9B'
MY.XH!O0^</@DN/\`@Z,^,A]?AQ8_^B;"OTUK\R/@DX_XBC_C(,C/_"N+'C_M
MC85^F]`F?+E[\`?"5S_P55T_XC/I);QE#X1.FIJ'VJ;BWRYV>5O\KN>=F>>M
M?3&J6$.K:;<6MU%'<6US$\4L4B[ED1E(*D'J""1110#/&O%?[-G@7XB_L0S_
M``ZUOPUI^I>"DT<VJ:5,&,4<<63&%(.Y2A52K`@C`P:_%+_@W]_91^'GCO\`
MX*3^,1K/ABRU1/`=U)<Z%'=22RQV$L;G8^TMARN`07#8(SUHHH&MF?KQ_P`%
M$?V?O"/QM^(_P.OO$^D_VG=>$O%::CI3_:IX?LLXD@(?$;J'Y1>'!''3DUZ9
M^VY\--"^,7[)OC_PWXFTV#5]$U/2)5N;68L%DVX=3E2""&56!!!!`(/%%%`(
M@^('P4\*V'[">O\`P_MM%M;3P=_PA5SHPTRV+0Q):-9-&8E*$,,J2-P.[G.<
M\U6_X)Z?"W0?@M^QYX)\,>&;'^S-#TJWF2UMO.DF\H-<2N1OD9G/S,3R3UHH
MH)/A_P#X.C?V<_!'BW]D>#X@W_AZRF\9Z#*EE8ZL&>.XB@9\F,E6`=<DD!P0
M"21C)KMO^#;O]G/P3\,/V$=.\7:%X>L[#Q-XNS_:^I!GDN+P(QV*6=CM49SM
M7`SSC-%%!?V3V_\`9?\`@!X1\`?M\_&OQCI&D_9/$?BR.W_M6[^U32?:MI^7
MY&<HF/\`845[U\;O`^D?$KX1>)M!UVP@U/2-4TV>WNK68929#&>#CD>H(Y!`
M(((HHH)9N^&XQ%X=L$485;:,`>@VBOF72_@!X1@_X*O:G\15TG'C*?PF-.?4
M/M4QW6X$?R>5O\K^$<[,\=:**!'7?ME_L[^"?CSXP^$$OC#PWIWB!_#GBV.^
MTXW:EA;2_9Y3G`(#`E$)5LJ2BDC@5^?/_!UE^SAX(O?@CH?Q'?P[9CQO'=)I
MO]KHSQS26X!(C<*P5P,G!8$C.`0***!QW/J+_@@9^SKX)^"G[`/AK5_"_AZR
MTG5?&$$=]K-VA>2?4)0N%+NY)P,G"C"C)P!DU^87_!67]AGX5>"/^"ENC:3I
M'A*#3]-\6:B)]5MX;VY5+EY'RY'[SY,DD_)M'-%%)E=3]8/VMOV-OAG=?\$X
M(/A8/"=E;>`;4V!BTBUFFMHU*SI(#OC=9"=_S$ELL<YSFO@)_P#@CY^SF+1&
M_P"%=_,2<G^WM3_^2:**:!'Z]?LO>`-'^%?[//@WPYX?L8],T71M(MK6SM8V
M9E@C6-<+EB2?J22:\7^.WP!\)>,/^"FGP?\`'FHZ3]I\5^&-+O+?3+[[5,GV
M9'CNE8>6KB-LB1^64GGV&"B@1]1*<M7YQ_\`!QY^RO\`#[XH?LK?\)QKGABR
MO?%WAW;;:?JH>2*XAB9\F,E&7>F6)"OD`DD`$T44"6YF_P#!MQ^RM\/OAS^S
M5<>.]&\,65IXOUMA:WFJL\DUP\0)/EJ79@BY`R$"@X&<US?[;7_!+7X$?%K]
MI'QKXK\0^!?[0U_6]1DN;VZ_MK4(O.D(`W;$G5%Z#A5`HHH*ZG:?LY_\$[O@
MWX9_X)Y_%WP/8^#(X/#'B[5+5]7M!J5XSWA@:WDAS*9C*H5QD!7`Y/J<\1^P
MK_P2"_9PM_B^NH2?"_3+ZXTV02VZW^H7M["C+D@F*:9D;!`^\IHHH`^K/^"I
MWP`\(?&_X:>`=.\3Z.NHV6B^*;6]LH5N)K=8)45@C#RG7(`_A.1[5[G^T)X$
MTCXC?L[^+_#^N6$&I:-JVA75I=VLP)2>)H&!4XY''<'(Z@YHHH)1\E?%;]BW
MX83?"K]EC2U\)VL&G>`=1M;W0;>WN9X$L9F^SR-)A''F%G`8^9NR<DYR<_2O
M[:7[/'@K]IK]G;Q#X:\>>'-/\2Z*UNUP+>Z#`Q2H"5D1U(='!_B4@]?6BB@<
MC\5/^"3W_!.[X,_%;]M#6],\2>!K+6M-T*]8V=K=WEU)"FV0`!D,N)![.&%?
MJQXK_9K\$'_@J5X`\<KH447B?P_X5DTK3KJ*XFC2UM?+N5\I85<18"R,!E"1
MGKP,%%`2/8/VS/`>D_%#]E7Q]X=UVU^W:/K.BW%I>6_FO%YT3+AEW(0RY'=2
M#[U1_83^'>C?"7]D;P'X;\/6?]GZ+H^F+!:6_FO+Y*;V.-SLS'DGJ2:**"3S
M3P+^S]X1TG_@JQXU^(EOI'E^,=4\-P6%UJ'VJ8^;"L=L`GE%_*'"+R%!XZ\F
'OJ6BB@#_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g595667g33w72.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g595667g33w72.jpg
M_]C_X``02D9)1@`!`0$"6`)8``#_X1%*17AI9@``34T`*@````@`"P$Q``(`
M```>```(G@$R``(````4```(O`$^``4````"```(T`$_``4````&```(X`,!
M``4````!```)$`,"``(````,```)&%$0``$````!`8W_`%$1``0````!``!<
M1E$2``0````!``!<1H=I``0````!```)).H<``<```@,````D@`````<Z@``
M``@`````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````$%D;V)E(%!H;W1O<VAO
M<"!#4S4N,2!7:6YD;W=S`#(P,3,Z,#$Z,34@,34Z,CDZ,C$```"'$``!AJ``
M`(P2``&&H```_4T``8:@``"!/@`!AJ```%GK``&&H``!$@\``8:@```\Y@`!
MAJ```!G.``&&H``!AJ```+&>24-#(%!R;V9I;&4```'J'``'```(#```"38`
M````'.H````(````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M``````````````````````````````````````````````````#_X@)`24-#
M7U!23T9)3$4``0$```(P041"10(0``!M;G1R4D="(%A96B`'SP`&``,`````
M``!A8W-P05!03`````!N;VYE`````````````````````0``]M8``0````#3
M+4%$0D4`````````````````````````````````````````````````````
M``````````IC<')T````_````#)D97-C```!,````&MW='!T```!G````!1B
M:W!T```!L````!1R5%)#```!Q`````YG5%)#```!U`````YB5%)#```!Y```
M``YR6%E:```!]````!1G6%E:```""````!1B6%E:```"'````!1T97AT````
M`$-O<'ER:6=H="`Q.3DY($%D;V)E(%-Y<W1E;7,@26YC;W)P;W)A=&5D````
M9&5S8P`````````1061O8F4@4D="("@Q.3DX*0``````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````6%E:(````````/-1``$````!%LQ865H@````
M`````````````````&-U<G8``````````0(S``!C=7)V``````````$",P``
M8W5R=@`````````!`C,``%A96B````````"<&```3Z4```3\6%E:(```````
M`#2-``"@+```#Y5865H@````````)C$``!`O``"^G/_A"FYH='1P.B\O;G,N
M861O8F4N8V]M+WAA<"\Q+C`O`#P_>'!A8VME="!B96=I;CTG[[N_)R!I9#TG
M5S5-,$UP0V5H:4AZ<F53>DY48WIK8SED)S\^#0H\>&UP.GAM<&UE=&$@>&UL
M;G,Z>&UP/2)A9&]B93IN<SIM971A+R(^/')D9CI21$8@>&UL;G,Z<F1F/2)H
M='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D9BUS>6YT87@M;G,C(CX\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB=75I9#IF868U8F1D-2UB83-D
M+3$Q9&$M860S,2UD,S-D-S4Q.#)F,6(B('AM;&YS.GAM<#TB:'1T<#HO+VYS
M+F%D;V)E+F-O;2]X87`O,2XP+R(^/'AM<#IC<F5A=&]R=&]O;#Y!9&]B92!0
M:&]T;W-H;W`@0U,U+C$@5VEN9&]W<SPO>&UP.F-R96%T;W)T;V]L/CPO<F1F
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M971A/@T*/#]X<&%C:V5T(&5N9#TG=R<_/B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@_]L`0P`&!`4&!00&!@4&!P<&"`H0"@H)"0H4#@\,$!<4&!@7%!86&ATE
M'QH;(QP6%B`L(",F)RDJ*1D?+3`M*#`E*"DH_]L`0P$'!P<*"`H3"@H3*!H6
M&B@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H_\``$0@`$@`R`P$B``(1`0,1`?_$`!\```$%`0$!`0$!````````
M```!`@,$!08'"`D*"__$`+40``(!`P,"!`,%!00$```!?0$"`P`$$042(3%!
M!A-180<B<10R@9&A""-"L<$54M'P)#-B<H()"A87&!D:)28G*"DJ-#4V-S@Y
M.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@X2%AH>(B8J2DY25
MEI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KAXN/D
MY>;GZ.GJ\?+S]/7V]_CY^O_$`!\!``,!`0$!`0$!`0$````````!`@,$!08'
M"`D*"__$`+41``(!`@0$`P0'!00$``$"=P`!`@,1!`4A,08205$'87$3(C*!
M"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H*2HU-C<X.3I#1$5&1TA)
M2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&AXB)BI*3E)66EYB9FJ*C
MI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN+CY.7FY^CIZO+S
M]/7V]_CY^O_:``P#`0`"$0,1`#\`]$U[QIXOCU_5%TRZTB*PM=>@T6.*:U=W
M;SHT/F,P<?=+YP!S4.D_$+Q&=:?2]6N["V%C=S6K7:Z?+(-2DCE"^6BJW[MM
MA!ZGJ#T!K+M_$FK:/_PFVH^)M$T6[@M-9A"QPNS%;TI`L6#Y>2HW!BY^8=`#
MQ31XK\0V]BD?AK3K.SN)O$41O+AFG2*]>X;<-GFQA@I(*-QE=HQG-`S>L/'&
MOOX,'BJ^US0X+6_A8VVGK9M+-!(9`B(,2`R-DX8$``D=!5#1O'_C+4O$=KX:
MA.GQ:@;Z>VEN;VTVL(T@24$QI(P#C<PP&P>.G-,GN+2/4?%\ESX(\)P16`6W
MU&]GEVK<2R1QN$4",DC>W/&3\N`2>)OA[XETL^*--TJ#PII5C?)<W437-K$\
M07;;(X=%=%<%E;:=P!X[YH`Y[Q2_B5M(^),6I:[:7D5KJ%K&+<P,OSDVS(4R
MYV(,X*@<G)SS74S_`!&U[PMKE_'XMGT^YT?3+L6UY=VULT;*);?S83M+'`#`
MH>N=RUPGB'7+SQ';:]XFL](TE+M[/3&9IU#/"KS,I"ML^?)1`=W0=.E>W:MX
M.'B;P^+?6X;.PN[RX@N-46R7S%N1$P*QEV`)!"J,XSC(H`Y[2KCXIZGI=G?K
M+H-JMU"DX@DMG+1;E#;2=_49Q^%%>J@`#`X%%`CYA^(#,OQ:\?V:L1:/HANF
M@!^1IE2/;(5Z%Q@8;J,"LK3]1O;_`/9X\3ZA?7ES<W\6HPR1W,TK/*C*4VL&
M)R".Q[444#-^U=Y_@UX\NIV:2Y(LIS,YR_F"VMR'W'G<",YZYKSNZO+H^"H]
M3-S,=2?7(P]WO/FL'M\-E^IR``>>1110!W.A01?\*Q\7KY2;1X=LR!M&`5>8
J@_@0"*]E^!EW<WWPH\.W-[<37-Q)"Q>69R[L?,;J3R:**`.ZHHHH$?_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g595667g44q12.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g595667g44q12.jpg
M_]C_X``02D9)1@`!`0$"6`)8``#_X1%*17AI9@``34T`*@````@`"P$Q``(`
M```>```(G@$R``(````4```(O`$^``4````"```(T`$_``4````&```(X`,!
M``4````!```)$`,"``(````,```)&%$0``$````!`9"K]%$1``0````!``!<
M1E$2``0````!``!<1H=I``0````!```)).H<``<```@,````D@`````<Z@``
M``@`````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````$%D;V)E(%!H;W1O<VAO
M<"!#4S4N,2!7:6YD;W=S`#(P,3,Z,#$Z,34@,34Z,CDZ,C$```"'$``!AJ``
M`(P2``&&H```_4T``8:@``"!/@`!AJ```%GK``&&H``!$@\``8:@```\Y@`!
MAJ```!G.``&&H``!AJ```+&>24-#(%!R;V9I;&4```'J'``'```(#```"38`
M````'.H````(````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M``````````````````````````````````````````````````#_X@)`24-#
M7U!23T9)3$4``0$```(P041"10(0``!M;G1R4D="(%A96B`'SP`&``,`````
M``!A8W-P05!03`````!N;VYE`````````````````````0``]M8``0````#3
M+4%$0D4`````````````````````````````````````````````````````
M``````````IC<')T````_````#)D97-C```!,````&MW='!T```!G````!1B
M:W!T```!L````!1R5%)#```!Q`````YG5%)#```!U`````YB5%)#```!Y```
M``YR6%E:```!]````!1G6%E:```""````!1B6%E:```"'````!1T97AT````
M`$-O<'ER:6=H="`Q.3DY($%D;V)E(%-Y<W1E;7,@26YC;W)P;W)A=&5D````
M9&5S8P`````````1061O8F4@4D="("@Q.3DX*0``````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````6%E:(````````/-1``$````!%LQ865H@````
M`````````````````&-U<G8``````````0(S``!C=7)V``````````$",P``
M8W5R=@`````````!`C,``%A96B````````"<&```3Z4```3\6%E:(```````
M`#2-``"@+```#Y5865H@````````)C$``!`O``"^G/_A"FYH='1P.B\O;G,N
M861O8F4N8V]M+WAA<"\Q+C`O`#P_>'!A8VME="!B96=I;CTG[[N_)R!I9#TG
M5S5-,$UP0V5H:4AZ<F53>DY48WIK8SED)S\^#0H\>&UP.GAM<&UE=&$@>&UL
M;G,Z>&UP/2)A9&]B93IN<SIM971A+R(^/')D9CI21$8@>&UL;G,Z<F1F/2)H
M='1P.B\O=W=W+G<S+F]R9R\Q.3DY+S`R+S(R+7)D9BUS>6YT87@M;G,C(CX\
M<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U=#TB=75I9#IF868U8F1D-2UB83-D
M+3$Q9&$M860S,2UD,S-D-S4Q.#)F,6(B('AM;&YS.GAM<#TB:'1T<#HO+VYS
M+F%D;V)E+F-O;2]X87`O,2XP+R(^/'AM<#IC<F5A=&]R=&]O;#Y!9&]B92!0
M:&]T;W-H;W`@0U,U+C$@5VEN9&]W<SPO>&UP.F-R96%T;W)T;V]L/CPO<F1F
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M971A/@T*/#]X<&%C:V5T(&5N9#TG=R<_/B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@_]L`0P`&!`4&!00&!@4&!P<&"`H0"@H)"0H4#@\,$!<4&!@7%!86&ATE
M'QH;(QP6%B`L(",F)RDJ*1D?+3`M*#`E*"DH_]L`0P$'!P<*"`H3"@H3*!H6
M&B@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H_\``$0@`)`!D`P$B``(1`0,1`?_$`!\```$%`0$!`0$!````````
M```!`@,$!08'"`D*"__$`+40``(!`P,"!`,%!00$```!?0$"`P`$$042(3%!
M!A-180<B<10R@9&A""-"L<$54M'P)#-B<H()"A87&!D:)28G*"DJ-#4V-S@Y
M.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@X2%AH>(B8J2DY25
MEI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KAXN/D
MY>;GZ.GJ\?+S]/7V]_CY^O_$`!\!``,!`0$!`0$!`0$````````!`@,$!08'
M"`D*"__$`+41``(!`@0$`P0'!00$``$"=P`!`@,1!`4A,08205$'87$3(C*!
M"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H*2HU-C<X.3I#1$5&1TA)
M2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&AXB)BI*3E)66EYB9FJ*C
MI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN+CY.7FY^CIZO+S
M]/7V]_CY^O_:``P#`0`"$0,1`#\`]N\<_%/PWX(UN#2]>DNX[B:W-RC10%U*
MY("Y!SN)7`&.XKF+#]H;P;<6E[)<IJEE=6Q`6SFMOWTY)P`@!.3['&*R/B##
M%/\`M1>!$FC61!9,X##(R/.(/X$`U%J5K`W[7NF%H8R3IAEY4??$<@#?7`'/
MM0,[CP5\8O"WBJSU6=9;C37TN(SW45^FQDC'!?@G(SQCKDCCFHO"_P`:/"_B
M+7+/3+6+5K=[UBEG/=63)#<,.R-S^N*\>^(GAN[\2_&WQ]H^C!5O+G14D1`=
MHE=?(?:?<XZGO7?^&_&NN:AH5AX;LO`6MV6H6UB]M-=3Q"*&T=82JLC'[V3C
M@8.#WH`T_$GQY\*Z/K5SIMI;ZIJ\MJQ6XDT^W\R.,C@_,2,X.>1Q[UHW?QJ\
M&V_A*T\0)>7$]O=RM!#;Q0$SM*H!9-O8C([XY%<9^R?J.B6G@&^MI)[:VU>.
M\D:]69@DF,#:3GG:`"/8@U+\1?']NEWX5T+X;R:`K:G>2[-2DB1X;216VL5&
M,!R6//H>,[LT`=?X&^,'A_Q;KW]B+;:EI6K,I>.VU&#RC*`,_+R><9./:L\_
M'WP1]G1UGOFN'NC:):BW_>EA@%L9P%YZD^M>8Z[%K=G\>O`,'B/Q/8Z]J*3#
MYK6V6`P(Q/RMM/.>2,_UKH/V3=&L'L_$^JRVT4E__:+6ZRNH+(@`;`/;)8Y_
M"@#$\9_&Y?\`A:VBW&G3ZY;Z#IY>'4+(1A?M#AG&0F?F'3N.E.^+7CC2?$>I
M_#'Q/"+FTTN+496D-W'L=%CDBW$J">.*Z'XLS067[1?P[N+MXX+;RF4R.0JY
M+..3]6'YU'^T,EGJ?C?X90YAN;2746C<*0RL/,B!4XX]B*`.L\-?'7PKK^M2
M:7;P:I!<E&DMA/;[?M6U2V$&?O$`X!QFNQ\`^-=(\=:&VJZ$\QMTE:%UG38Z
M,`#@C/'!!KRKX[Q1Q?%KX631(J2_;=FY1@[1)%@?09/YUPOC'6;OX.^+?'FC
MV,;K8^(+7[3IY0<12.2"1Z;09!_P%:`/9[/XT^&[][K^S;/6KV*WG:W::"SW
M(67K@[N1R#^-%7?@=X13PE\-=)L9XE%Y.OVNYW#D228./P&U?PHH$<%XK\;^
M%I/CQX5N$?1;NW2T<-J_VQO]&.)?DX;9SQU&?F^E>E"P\&W.LQ^/Q<V3W$,)
M@74Q=_N@@RI&=VSN17B/BWX=^$['X_\`A+P]:Z-!%HU[:/)<6H=]LC`2X));
M/\*]#VIOQNTVUTCQCX*\%:-H4UUX<B5KT:-:S%/M4C.Q*[F)_NG_`+Z..M`S
MTOP5I^@ZM\6?$GC;3O$6G7^^VCMHH+2X5_+C"('>3'3E<#MQ[U7?XRV(^+$>
M@+?Z(?#36GG'4OM'23!.S=NV]<>]><OHNLR>/?#6K^&?AAJ/AA8)Q#?^7(AB
MGMW(5@RKC'RELGOQZ"I)?AWX37]H^'PR-&@&A-IOGFTWOM+[2=V=V>WK0!Z3
MX@^''PM\7:O!J5TM@U[J`,R&UOO*^U@9RP56^;H<D#L:FU'PG\*]9\%_86&C
MKH6E3,@GM[H1BWE(&[,H/WB,9R3GCVKS3XQ^#M/D^+'P]\*Z4&TW37M6ME$#
M'='$7<N%)R>1N'XUN_$[PY\/_!>G>'O#MOX6N]7O;F\:XLM+M[EQY\FT(6D)
M)X/R\>W89H`ZGP'X)^%<]W977A'^S[V]TN4SI-!>M+*'./F?YLMT&,\5UO@#
M1?"N@V%^G@Y[4VLMP9;DP77G`2X&<G<<'`'%?/-G%=:)\<O!$\?@U?!KW;M`
M]O#<K(ERAX)(7@8S^/![5V7[+>U?`_C$\`?VE,3_`-^UH`L?M*ZGH%]X0T6\
M6RTO7XWU$6BS+<,?)W*2VUXVZ\#(/'M7/^-F\#^"/$/@?1-#M=,NK>TU-WN'
MGOY&?3W+Q[G.'P#QG#<?+TZUYI"`/@!H^T`#_A*V/'_7$5Z3\>/!?AVT^(W@
MEK?3(D.N:DW]HD.W^D9DCSGGC[S=,=:`/:Y]*\)>/+W3-:22UU672)BUM/;7
M)98I,JW.TX)X4X->;_$OP[?^.OCCX9T^72;@>'](C\^YO7@(CE.0YC#]"/E0
M8]VKUOPEX4T3PA82V7AS3X["UED,SQHS,"Y`&?F)[`5MT""BBB@#Y]_:LT\:
M?'H/BS3KFYM-;LY#!%-"X&%Y8=NH)/YG.:P'LYO&'P+M/%6MZC?R>(]'NI)+
M74$D"2KE@=I('(!QCN,#FBB@9%\`M4USQYXWM[OQ-XBU>Y.DAI8(4F$<;'I\
MZJHW<'\:T_VI;9_#WB#0_%VAWEU8ZV4:V,T+@#:O3C'7#$>A':BB@.I2\-RW
M6N^,OA/JVKWMQ=WX@EW2R$9D_>2XW<>G'X5UG[4VGK:Z/HWBJQN+BUUK2[C9
M;S0L!@-SR"#G!7]3110!YUX*6\\1>,O`'B?7=5O[_5+B]="9638BIMVJJA1@
M?,2:HZK87&@?&+5/!^AZOJ>GZ%JUUBZA@E`+*_)4';P,,1ZXXS110,D;1+=/
M@MIUJLDWEQ^)W<'(S_J@,=*]=_:@T6WN_`MKK/F3PZAI-PLEK+"^TJ6QG/'J
MJGMR***!!^S#XCUGQ)X7U2?7]2N-0F2Z4(\Y!*@H.!@#CC/XFO9J**!,****
#`/_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g595667g50s28.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g595667g50s28.jpg
M_]C_X``02D9)1@`!`0$`W`#<``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"``6`,@#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#[[_X*>:_\
M<_VZ?%TWP'_9LOT\*0>'Y8[[QQ\0;F:2WL]-N(L36VD6\B`M)<,XC>81@^6N
MQ6(W,M>_?\$]OVGO%GQN^&L_AGXK:`_@_P"-7@798^*])8#R;ML$1:E:./EE
MM+@*65D)"L'0X*U\L>+?^"N/B#]D#_@IA\1/`7C/PYIUM^S=X9O='T1_$FG6
M7EOX/U+4;1;F*6]()WV\\AF#2%1M;!)/(-CXK_\`!3_QWX1^.WQD\,:!HOA/
MQ3XWC\?:!\._A5YT'E01?VIIB7LT]W.A+26\85I3M(W!$'^T`JQ^D5%?#&J?
M&W]H?]@;XS_#!?C)XW\'_%KX;_%/7[?PC=:AIOAL:#>^$]5N@WV5E5976>TD
M=3&2^'7*G)Z5X)X=_P""E_[3G@G]G1_C_K'B#X8>*_`MO\1;GP9-X'&@2V.L
M742ZNVGI]DNTG827.`'"&(@A6]#0*Q^L5%?G3^VG\2/VO?V8?B'\.+2P^,GP
MOU#2OBQX_M_!VF1W'P_=;C1X[H3/%+,PO-LS(L85@`FXG(QTK9UWXR_M00_'
M[1?V<M*^(GP_U7XE:EI<WC/Q%XY'A%K>P\*Z&)4MK>""P-PWVB[FG$GS22!%
M7^$T!8^_:*_-_P",_P#P4"^.G[$OAWXW?#KXBZKX3\4^/?"OPWN_B)X"\966
MD?8K;6K:"00SPW=D'94GAD9#\C;71LX!ZXUM_P`%KO&6K?\`!-GXOZAJVDZ=
MX$_:=^#WAN#5M1T*^MO-M+Z&4PF'5+5"W[VUECD!^5CL9L$X*D@6/TYHKS7X
MS_$_5_!/['WBOQII[6ZZ[I'@Z[UNV:2+=$+F.R>924SRN]1QGI7PY^SE^W[^
MT1X#UO\`9AU?XG:_\-_B#X2_:8BC5;#1M#ETG6?"[/8F\-Q_KI$N+:)1B5BJ
M[<@]Q0%C]+:*_/SX1?&C]J[_`(*!_#C5OC)\*?&7P^^'/@>>\NX_`WA;6/#9
MU.7Q1:VTSPBXO[OS5:V\]XVVK"OR*026KSOQI_P6/\:?'N']GK2]`\3>%?V=
M++XKV6J_\)!XM\2Z<NJ6^E:SIUQ]EET:`2O'`)&E5W#S-RA3`W$B@+'ZCT5^
M>O[7'[37QZ_9R\4_L[_#N7XT_"31]8^(IU]M;\=ZQX<6+298K2*.>T80&Z1(
MW='"'$NUF8$<<5])?L'^+?&'BWPGK\GC#XR_##XRW,-ZBVU[X*T^.SM]-3RP
M3#,$N9]SD_,"67CMWH"Q[Q17P3\;_P!I7XY^-O\`@I#\0_A3X'^*_P`,/AAX
M9\%>&='UF&3Q)X<&HS7TMX9ED56-U#@*8@>_WA72?#/]I+XM>"/VZ?@Q\)?%
M?CGP=\0-.\9>#O$'B'5]7T?1%L8;J>UN84MU@`FDV(B2%6RS%F!/'2@+'VE1
M7P#_`,%-?^"B'Q-_9:^./Q*T#PA<:'%IWA?X%7OQ`L?M>G^?(NJ1:FMLC,=P
MW1>63E/7G-?1OQX^/GB+X<?\$Y?$_P`3=.:Q/BK1_`$WB.!I8-UN;M+`S@F/
M(RF\?=STXS0%CW&BOSG_`&0OV^?C7+^TA\$?!OC/QO\`"CXK1?&+P^VMZKI?
MAO2GTW7/`*?V>EXDUTHN)4:!C(D676-BSJ5STKSWQ!_P4D_:<\!?!7XL_'@^
M)/A9K?@#X8_$G4O"#>"+K0)K74]5M8-02U1;:]2<@W3+*NU3$0Q4_2@+'ZM4
M5\<?'3_@HEJO[/W[;VLZ1X@,%K\+_#?P1NOB7J-N;0?VBMU#>^44$F>\?R[,
M??(YK*^&^D?M?_M'?">P^)LOQ<^'GP?'B*R35]+\&?\`"&+K-KIUK(@DACOK
MV2=)7E*%3(8@BJ20.E`6/MRBOD/X7?\`!04Z3_P4$^-?PU^(_C/P%X>\->"=
M'\-W6@O>7<.G274UY:22W9#RR#S4WJI``^4,,YS7->!_VIOBO^V-^T9^T9X'
M^$WQ)^'VDV'PZN_#;>&-<_L=-=LY(;JTDEO(I3%.@E)=<*RN-A7!!YH"Q]PT
M5^</[-GQ$_;(^/W[1OQ@\"/\:/A-IT?P;U[3](O;M?AY+(VK)<VD=VSQJ;P>
M455R@!W\C/3BB@+'=?L\_!31OBU_P40_;A\.^+]*TS7_``KXQB\*V=YIURID
MCN83I,B.KJ0,=<@@Y!`(((%?,.G_`/!(GQ)^QAI7Q7OO!/C"RUK4_@_XRT'X
MI>")-?FG<R6%K975N^E7LBJS#_1Q)$DB!N%C.%Y`**`.D^!/[?;?\'`/[0'@
M#PMH'AL^`O`GP;\0VGCOQ6-3O!=7^L7EFQ%I9VHC0((/.?<\CLK%5`""N?\`
M@U^QWK/CK_@FQ;_%?PIK&GZ)\6O@)\0_&'C'PU<W8>XTR[C74[J2XL[F+;RL
ML0*APN^-L%2,G)105L?0W[</C#4/V@?!W[#WC"6SL]+N=9^*GAS6[NT2X:6.
MW,EI.[1HY0%\%L`E5R!VJ'_@J-XYU#_@FW^TEH?[76GVEIX@\-GP]_P@/C7P
M^TS07ES;&X-U:75F^UD,L<@=623:K(PPP-%%`CYH^(WCC5/^"K7[+G[1'[4[
M6=CX:\,:?\*M5^'_`()T&2X::]C$K)<7EY>N$"*[LL2(D>\!5.23U][_`."E
M/_!*G1_V\_\`@G9X5\0:9?0^%OBGX+\!P#3];C9TCO[,62//IUV4&Z2VD"DC
M@E&PP!!8$HH#J?6?[1UI)<?\$\_'<"%!+)\.[^,9/RY.FR#\OPKX%A_9_P!8
M_9M_92_9@_:?\%3:7-XG\->!M`\$^,=#U.60V'B71+Q;>`I"X1FMKF.1U99$
M4;E!#Y``)10),Y6Q_P""GVL_\$1FG_9.O_"MGX[UO2[J=?AUK4.H-;6ALKV9
MY[6+4U,1='A:8JQA\P.JC&T\U>_:)_:)\"?\$:/V4_`'P)^-?PPTOXZ:=XUT
MR[\1ZS=!XO(N=9N[R>6Y`MYXB%AW2X24,'`'W,T44%6/"/&&FP_L2?LY_L=>
M*/BAX8T'XI^$+6^\8:S;^$;FY:\L]/T_4$@%C8H]U"WF+;;@V708/"]`:_1C
M_@B]^V)\./VLO"_CUOAM\&M`^#VFZ%>6JWMOI8MT&I32QOAV6&")<JJ8R<GG
M'&.2B@3V.0N_V*_AO^U=_P`%HOC@_P`4/`GA'QWIFF^!O#7]FPZS8K=FSD+7
M7F,JNN%W#:,@Y.VLK_@I#X-TK_@E/XS^#/[07P_\*>'8?A[\)=.U3PCJ/@VS
M8Z=BTU)UG$MD5C9!(LT;,RN%5@_4&BB@%N?.?Q"^+.I_\%8?@)^TQ^TMI^F6
M/A'PS9_".?X;:%H]Q>-<7T[R78O)KJY98PB*#A55"_&22*Z[P%_P6+7]NK]D
M?XG_``3L?AV?#MYIGPBU??JL^O?:(G^S6'D\1BW4_,S`_>X&>O2BB@9PW[$_
MQ$TC_@H]\1?@7X6\"_#+PE\-/&_PCN]$U3Q+\0A>?\3K5;;3+>.&:VB$-LIE
M6Y6,1D3R[0G\+$"O3_AE^Q'J'[0?['WQ4\5^']9M/#OQ/^$?QU\6^-_!FHSA
MKC3TN(KE9#!=0%2LD4B*5/RED.&4\$$HH$SHX/"\O_!3']KS2F\5VUIX>MOC
M'^RU/IVHPV$[W`T^:ZU3EHBRJ65&(8;L'@`^M>+?M"?\%>->^&/[-WC#]C?X
MC>$;36/BFOAR?P%!XGT;4RFC7^ZW-K#>2I)$)HFVE6=%5QN#8.",%%`=3WW]
MBW]B7P/\3OV_OC%8_$WP/X&\='P_X#\!6-F=5TV+45M9(]),<QC\Z/Y5<HO(
MP2%&0,8KT[_@G#\%]!^!G_!23]KG1_"F@:#X8\,A_"K66FZ3:K:V]N?[.E,A
M$2*$7<[%N.I)-%%`C:_X)W:)/IO[?_[:5S*8C'?^,M$>(*Q+`#1H5.[@8.1V
')HHHH!G_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g595667g94b74.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g595667g94b74.jpg
M_]C_X0IW17AI9@``34T`*@````@`"`$2``,````!``$```$:``4````!````
M;@$;``4````!````=@$H``,````!``(```$Q``(````>````?@$R``(````4
M````G`$[``(````A````L(=I``0````!````U````0``+<;````G$``MQL``
M`"<0061O8F4@4&AO=&]S:&]P($-3-B`H5VEN9&]W<RD`,C`Q,SHP.3HQ,"`P
M.3HT,CHR.0!&=6QB<FEG:'0@)B!*87=O<G-K:2!,+DPN4"X@57-E<@``````
M`Z`!``,````!``$``*`"``0````!```!)Z`#``0````!````(P`````````&
M`0,``P````$`!@```1H`!0````$```%.`1L`!0````$```%6`2@``P````$`
M`@```@$`!`````$```%>`@(`!`````$```D1`````````$@````!````2```
M``'_V/_M``Q!9&]B95]#30`!_^X`#D%D;V)E`&2``````?_;`(0`#`@("`D(
M#`D)#!$+"@L1%0\,#`\5&!,3%1,3&!$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`$-"PL-#@T0#@X0%`X.#A04#@X.#A01#`P,#`P1$0P,
M#`P,#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,_\``$0@`$P"@`P$B
M``(1`0,1`?_=``0`"O_$`3\```$%`0$!`0$!``````````,``0($!08'"`D*
M"P$``04!`0$!`0$``````````0`"`P0%!@<("0H+$``!!`$#`@0"!0<&"`4#
M##,!``(1`P0A$C$%05%A$R)Q@3(&%)&AL4(C)!52P6(S-'*"T4,')9)3\.'Q
M8W,U%J*R@R9$DU1D1<*C=#87TE7B9?*SA,/3=>/S1B>4I(6TE<34Y/2EM<75
MY?569G:&EJ:VQM;F]C='5V=WAY>GM\?7Y_<1``("`0($!`,$!08'!P8%-0$`
M`A$#(3$2!$%187$B$P4R@9$4H;%"(\%2T?`S)&+A<H*20U,58W,T\24&%J*R
M@P<F-<+21)-4HQ=D154V=&7B\K.$P]-UX_-&E*2%M)7$U.3TI;7%U>7U5F9V
MAI:FML;6YO8G-T=79W>'EZ>WQ__:``P#`0`"$0,1`#\`ZC,/UOS^I#K/3`<?
M!Z:YU5'2[R:W9[9+,N^S5C,7Z/\`DG[3ZG_<FWT*+_?T^)E59F-7DU;@RP3M
M>TL>TCVOKMK?[Z[:W^RVM_\`-V+SV_K76NF8/7\F_*NNZ9F9'4L:G))>78&4
MQ]U&`&6,-EU>%D?H*JGL;Z>)E?Z+U?TFQT;`R>NUY)S\_-J^Q,HP\<47OH<U
MQQ,7*MS['TO_`%K)MMRO9]I]6KT_\%]-)3V"2\O=UO/ZCT^SJF7G95.1C=*I
M=2[$O=34_*^UYN#7F6TM]/#]#*?C4/OLOK^S58[_`.HM_J71<EEW1GY/4,UF
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M``B4^G)+BO2R^G_5_IOUE;GY>5G6.Q+<QKKG64Y#<RRFJ^BK#]N)0QGVK]2^
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MU/T7^$0>A=)+_K-UC'LZAU&RGI5V(<:M^9>YI#Z69-C+V.LVW,LM/O;9_P`7
M]!)3_]#K.G^C_P`W_K#M^S;?M74_4];U?L\[K=_VS?\`I/3_`.Y?V;]'_.>@
ML!W[-];)W[X_9^%_R3]OW>EZ/L_YQ^C[]O\`W&_[TOV=O]=>.I)*?><;T?4O
MV_L_?_S=QXW>I]BVSEQZGJ?HOV1_[,_9_4WJ?3_LG[&^J7HQZ7VAGI;OM,3]
MES?Z)]J_6OL_TOL?VO\`1?8?^M+P-))3[CUO[#_S@ZKZ_K;_`$,?=^R?M?J;
M-MG_`(H/L7Z'Z7]%]+]<^P^I_@O25[ZO>A^W,;9]FW_L/$C[+ZWI[/5NCT/5
M_1?9/^X_J?K?[Z\`224_1_U9]*>K^GZ$_M/(]3[-ZFW=%7\[Z_M^U[=OVS[-
M^K_:?5_POJKG.B_8OV!]5H^S^G]OL]'9]J]7?ZN3_0MWZS^]]O\`MWZK]G]7
M_@EXFDDI]BZ?]@]7HOI[/4^WMV>O]L_8^_\`2>K^P/7_`%?[;]+]F>M^J^MZ
M_P!C_P`$IY7[,^T,]/[7'V7-V_MC]H;=GV>[?^R?7_/_`.Y'J?K?V#^87C22
M2GWCZF_L[]1]#]K>I]F;M];[=]@^@W^C_;/U?T=O]$]3_!_\)L6U1Z?_`#MS
M8V^I]@Q9^GOCU<WF?T'I_N;/TGTU\VI)*?<^L?8/^<O4/M'VGU/2QI_8OVSU
MML6Q^W/L/ZO^_P#8O^U/V7_@_151G[-]7"]3[5_R1B>G^P/MT;-^7LW^A_VF
M_P"XWVK]:]3U_67BZ22GV3J7[,^T=9W[_4^UMV^M]O\`V3NV8FS]N>E^K>O_
M`*;U/U?T_L_VA7.H?9?V!]9MWV7T_P!JGU?6^T1NC"GZ'ZQ]M_[B_8_T'J>A
M_+7AZ22GW/K7V3TL[UOL_I?MS%]3?]I^T3]FPMG[,^R_K7[;^A]G^S?H_2]3
MU_\`#JLW[#]HR=GVC=/2MW[5^U_:X^W,]+;ZWL^Q[OZ/Z/O^W>O]K_1KQ5))
M3]']2]/_`)U]%W;-_H9VR?4W\8F[9Z?Z#;_I/M'\CT4/HOI?\Z/K'LV>IOP_
M4V^IN_H[=GK>K^K[OW?LO^#_`)[WKYT224__V?_M$G)0:&]T;W-H;W`@,RXP
M`#A"24T$!```````71P!6@`#&R5''`(```)68!P"4``@1G5L8G)I9VAT("8@
M2F%W;W)S:VD@3"Y,+E`N(%5S97(<`@4`)$9U;&)R:6=H="`F($IA=V]R<VMI
M($PN3"Y0+B!$;V-U;65N=``X0DE-!"4``````!!#_&5R29+9.IRI6@=7HX>8
M.$))300Z``````#O````$`````$```````MP<FEN=$]U='!U=`````4`````
M4'-T4V)O;VP!`````$EN=&5E;G5M`````$EN=&4`````0VQR;0````]P<FEN
M=%-I>'1E96Y":71B;V]L``````MP<FEN=&5R3F%M951%6%0````&`%(`:0!C
M`&\`:```````#W!R:6YT4')O;V93971U<$]B:F,````,`%``<@!O`&\`9@`@
M`%,`90!T`'4`<```````"G!R;V]F4V5T=7`````!`````$)L=&YE;G5M````
M#&)U:6QT:6Y0<F]O9@````EP<F]O9D--64L`.$))300[``````(M````$```
M``$``````!)P<FEN=$]U='!U=$]P=&EO;G,````7`````$-P=&YB;V]L````
M``!#;&)R8F]O;```````4F=S36)O;VP``````$-R;D-B;V]L``````!#;G1#
M8F]O;```````3&)L<V)O;VP``````$YG='9B;V]L``````!%;6Q$8F]O;```
M````26YT<F)O;VP``````$)C:V=/8FIC`````0```````%)'0D,````#````
M`%)D("!D;W5B0&_@````````````1W)N(&1O=6)`;^````````````!";"`@
M9&]U8D!OX````````````$)R9%15;G1&(U)L=````````````````$)L9"!5
M;G1&(U)L=````````````````%)S;'15;G1&(U!X;$!RP```````````"G9E
M8W1O<D1A=&%B;V]L`0````!09U!S96YU;0````!09U!S`````%!G4$,`````
M3&5F=%5N=$8C4FQT````````````````5&]P(%5N=$8C4FQT````````````
M````4V-L(%5N=$8C4')C0%D````````````08W)O<%=H96Y0<FEN=&EN9V)O
M;VP`````#F-R;W!296-T0F]T=&]M;&]N9P`````````,8W)O<%)E8W1,969T
M;&]N9P`````````-8W)O<%)E8W12:6=H=&QO;F<`````````"V-R;W!296-T
M5&]P;&]N9P``````.$))30/M```````0`2P````!``(!+`````$``CA"24T$
M)@``````#@`````````````_@```.$))300-```````$````>#A"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))32<0```````*``$`
M`````````CA"24T#]0``````2``O9F8``0!L9F8`!@```````0`O9F8``0"A
MF9H`!@```````0`R`````0!:````!@```````0`U`````0`M````!@``````
M`3A"24T#^```````<```_____________________________P/H`````/__
M__________________________\#Z`````#_________________________
M____`^@`````_____________________________P/H```X0DE-!`@`````
M`!`````!```"0````D``````.$))300>```````$`````#A"24T$&@`````#
M0P````8``````````````",```$G````!P!%`%@`-0!?`#$`+0`Q`````0``
M```````````````````````!``````````````$G````(P``````````````
M```````!`````````````````````````!`````!````````;G5L;`````(`
M```&8F]U;F1S3V)J8P````$```````!28W0Q````!`````!4;W`@;&]N9P``
M````````3&5F=&QO;F<``````````$)T;VUL;VYG````(P````!29VAT;&]N
M9P```2<````&<VQI8V5S5FQ,<P````%/8FIC`````0``````!7-L:6-E````
M$@````=S;&EC94E$;&]N9P`````````'9W)O=7!)1&QO;F<`````````!F]R
M:6=I;F5N=6T````,15-L:6-E3W)I9VEN````#6%U=&]'96YE<F%T960`````
M5'EP965N=6T````*15-L:6-E5'EP90````!);6<@````!F)O=6YD<T]B:F,`
M```!````````4F-T,0````0`````5&]P(&QO;F<``````````$QE9G1L;VYG
M``````````!"=&]M;&]N9P```",`````4F=H=&QO;F<```$G`````W5R;%1%
M6%0````!````````;G5L;%1%6%0````!````````37-G951%6%0````!````
M```&86QT5&%G5$585`````$```````YC96QL5&5X=$ES2%1-3&)O;VP!````
M"&-E;&Q497AT5$585`````$```````EH;W)Z06QI9VYE;G5M````#T53;&EC
M94AO<GI!;&EG;@````=D969A=6QT````"79E<G1!;&EG;F5N=6T````/15-L
M:6-E5F5R=$%L:6=N````!V1E9F%U;'0````+8F=#;VQO<E1Y<&5E;G5M````
M$453;&EC94)'0V]L;W)4>7!E`````$YO;F4````)=&]P3W5T<V5T;&]N9P``
M```````*;&5F=$]U='-E=&QO;F<`````````#&)O='1O;4]U='-E=&QO;F<`
M````````"W)I9VAT3W5T<V5T;&]N9P``````.$))300H```````,`````C_P
M````````.$))3004```````$`````CA"24T$#``````)+0````$```"@````
M$P```>```".@```)$0`8``'_V/_M``Q!9&]B95]#30`!_^X`#D%D;V)E`&2`
M`````?_;`(0`#`@("`D(#`D)#!$+"@L1%0\,#`\5&!,3%1,3&!$,#`P,#`P1
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`$-"PL-#@T0#@X0%`X.#A04
M#@X.#A01#`P,#`P1$0P,#`P,#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,_\``$0@`$P"@`P$B``(1`0,1`?_=``0`"O_$`3\```$%`0$!`0$!````
M``````,``0($!08'"`D*"P$``04!`0$!`0$``````````0`"`P0%!@<("0H+
M$``!!`$#`@0"!0<&"`4###,!``(1`P0A$C$%05%A$R)Q@3(&%)&AL4(C)!52
MP6(S-'*"T4,')9)3\.'Q8W,U%J*R@R9$DU1D1<*C=#87TE7B9?*SA,/3=>/S
M1B>4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]C='5V=WAY>GM\?7Y_<1``("
M`0($!`,$!08'!P8%-0$``A$#(3$2!$%187$B$P4R@9$4H;%"(\%2T?`S)&+A
M<H*20U,58W,T\24&%J*R@P<F-<+21)-4HQ=D154V=&7B\K.$P]-UX_-&E*2%
MM)7$U.3TI;7%U>7U5F9VAI:FML;6YO8G-T=79W>'EZ>WQ__:``P#`0`"$0,1
M`#\`ZC,/UOS^I#K/3`<?!Z:YU5'2[R:W9[9+,N^S5C,7Z/\`DG[3ZG_<FWT*
M+_?T^)E59F-7DU;@RP3M>TL>TCVOKMK?[Z[:W^RVM_\`-V+SV_K76NF8/7\F
M_*NNZ9F9'4L:G))>78&4Q]U&`&6,-EU>%D?H*JGL;Z>)E?Z+U?TFQT;`R>NU
MY)S\_-J^Q,HP\<47OH<UQQ,7*MS['TO_`%K)MMRO9]I]6KT_\%]-)3V"2\O=
MUO/ZCT^SJF7G95.1C=*I=2[$O=34_*^UYN#7F6TM]/#]#*?C4/OLOK^S58[_
M`.HM_J71<EEW1GY/4,UF5U#*93U!F-F9#*"XXN1D7_9*]X]&EV5C;V;-GZ/]
M'^C24]BDN2P.C.ZED]2Q+\_/JHZ98,'$;7E7,N!=33EV=1OR/5-F5D6V9?ZO
M]H_5J::_390L+IW7OK/F9F-U;'N?FOP^G-?E].JUKRV,R\W"R<K'K#FUUYSZ
M\6G*Q_1J_2_T9GZ/]%8E/I22YGZB=1=U/#ZGF#)?EX]O4\EV'8\N,4.]-]%=
M;;MKZJZVO_F=OZ-<OT'K&=B8?3>H#,S<O+LQ.HYF;CY-S[*+ZL4Y+**L?[1Z
MFW-;D-Q?T>%[Z\;U?M'_``B4^G)+BO2R^G_5_IOUE;GY>5G6.Q+<QKKG64Y#
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M9-C+V.LVW,LM/O;9_P`7]!)3_]#K.G^C_P`W_K#M^S;?M74_4];U?L\[K=_V
MS?\`I/3_`.Y?V;]'_.>@L!W[-];)W[X_9^%_R3]OW>EZ/L_YQ^C[]O\`W&_[
MTOV=O]=>.I)*?><;T?4OV_L_?_S=QXW>I]BVSEQZGJ?HOV1_[,_9_4WJ?3_L
MG[&^J7HQZ7VAGI;OM,3]ES?Z)]J_6OL_TOL?VO\`1?8?^M+P-))3[CUO[#_S
M@ZKZ_K;_`$,?=^R?M?J;-MG_`(H/L7Z'Z7]%]+]<^P^I_@O25[ZO>A^W,;9]
MFW_L/$C[+ZWI[/5NCT/5_1?9/^X_J?K?[Z\`224_1_U9]*>K^GZ$_M/(]3[-
MZFW=%7\[Z_M^U[=OVS[-^K_:?5_POJKG.B_8OV!]5H^S^G]OL]'9]J]7?ZN3
M_0MWZS^]]O\`MWZK]G]7_@EXFDDI]BZ?]@]7HOI[/4^WMV>O]L_8^_\`2>K^
MP/7_`%?[;]+]F>M^J^MZ_P!C_P`$IY7[,^T,]/[7'V7-V_MC]H;=GV>[?^R?
M7_/_`.Y'J?K?V#^87C222GWCZF_L[]1]#]K>I]F;M];[=]@^@W^C_;/U?T=O
M]$]3_!_\)L6U1Z?_`#MS8V^I]@Q9^GOCU<WF?T'I_N;/TGTU\VI)*?<^L?8/
M^<O4/M'VGU/2QI_8OVSUML6Q^W/L/ZO^_P#8O^U/V7_@_151G[-]7"]3[5_R
M1B>G^P/MT;-^7LW^A_VF_P"XWVK]:]3U_67BZ22GV3J7[,^T=9W[_4^UMV^M
M]O\`V3NV8FS]N>E^K>O_`*;U/U?T_L_VA7.H?9?V!]9MWV7T_P!JGU?6^T1N
MC"GZ'ZQ]M_[B_8_T'J>A_+7AZ22GW/K7V3TL[UOL_I?MS%]3?]I^T3]FPMG[
M,^R_K7[;^A]G^S?H_2]3U_\`#JLW[#]HR=GVC=/2MW[5^U_:X^W,]+;ZWL^Q
M[OZ/Z/O^W>O]K_1KQ5))3]']2]/_`)U]%W;-_H9VR?4W\8F[9Z?Z#;_I/M'\
MCT4/HOI?\Z/K'LV>IOP_4V^IN_H[=GK>K^K[OW?LO^#_`)[WKYT224__V0`X
M0DE-!"$``````%4````!`0````\`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`
M:`!O`'`````3`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P`"``0P!3
M`#8````!`#A"24T$!@``````!P`(`````0$`_^$00&AT='`Z+R]N<RYA9&]B
M92YC;VTO>&%P+S$N,"\`/#]X<&%C:V5T(&)E9VEN/2+ON[\B(&ED/2)7-4TP
M37!#96AI2'IR95-Z3E1C>FMC.60B/SX@/'@Z>&UP;65T82!X;6QN<SIX/2)A
M9&]B93IN<SIM971A+R(@>#IX;7!T:STB061O8F4@6$U0($-O<F4@-2XS+6,P
M,3$@-C8N,30U-C8Q+"`R,#$R+S`R+S`V+3$T.C4V.C(W("`@("`@("`B/B`\
M<F1F.E)$1B!X;6QN<SIR9&8](FAT='`Z+R]W=W<N=S,N;W)G+S$Y.3DO,#(O
M,C(M<F1F+7-Y;G1A>"UN<R,B/B`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U
M=#TB(B!X;6QN<SIX;7`](FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\B
M('AM;&YS.F1C/2)H='1P.B\O<'5R;"YO<F<O9&,O96QE;65N=',O,2XQ+R(@
M>&UL;G,Z<&1F/2)H='1P.B\O;G,N861O8F4N8V]M+W!D9B\Q+C,O(B!X;6QN
M<SIX;7!-33TB:'1T<#HO+VYS+F%D;V)E+F-O;2]X87`O,2XP+VUM+R(@>&UL
M;G,Z<W1%=G0](FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N,"]S5'EP92]2
M97-O=7)C945V96YT(R(@>&UL;G,Z<W12968](FAT='`Z+R]N<RYA9&]B92YC
M;VTO>&%P+S$N,"]S5'EP92]297-O=7)C95)E9B,B('AM;&YS.G!H;W1O<VAO
M<#TB:'1T<#HO+VYS+F%D;V)E+F-O;2]P:&]T;W-H;W`O,2XP+R(@>&UP.D-R
M96%T941A=&4](C(P,3,M,#DM,3!4,#DZ,#`Z,31:(B!X;7`Z0W)E871O<E1O
M;VP](DUI8W)O<V]F=,*N($]F9FEC92!7;W)D(#(P,#<B('AM<#I-;V1I9GE$
M871E/2(R,#$S+3`Y+3$P5#`Y.C0R.C(Y*S`U.C,P(B!X;7`Z365T861A=&%$
M871E/2(R,#$S+3`Y+3$P5#`Y.C0R.C(Y*S`U.C,P(B!D8SIF;W)M870](FEM
M86=E+VIP96<B('!D9CI0<F]D=6-E<CTB36EC<F]S;V9TPJX@3V9F:6-E(%=O
M<F0@,C`P-R(@>&UP34TZ1&]C=6UE;G1)1#TB=75I9#IA,39E.38V82UB,#$S
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M<F5A=&]R/B`\<F1F.E-E<3X@/')D9CIL:3Y&=6QB<FEG:'0@)F%M<#L@2F%W
M;W)S:VD@3"Y,+E`N(%5S97(\+W)D9CIL:3X@/"]R9&8Z4V5Q/B`\+V1C.F-R
M96%T;W(^(#QD8SIT:71L93X@/')D9CI!;'0^(#QR9&8Z;&D@>&UL.FQA;F<]
M(G@M9&5F875L="(^1G5L8G)I9VAT("9A;7`[($IA=V]R<VMI($PN3"Y0+B!$
M;V-U;65N=#PO<F1F.FQI/B`\+W)D9CI!;'0^(#PO9&,Z=&ET;&4^(#QX;7!-
M33I(:7-T;W)Y/B`\<F1F.E-E<3X@/')D9CIL:2!S=$5V=#IA8W1I;VX](F-O
M;G9E<G1E9"(@<W1%=G0Z<&%R86UE=&5R<STB9G)O;2!A<'!L:6-A=&EO;B]P
M9&8@=&\@87!P;&EC871I;VXO=FYD+F%D;V)E+G!H;W1O<VAO<"(O/B`\<F1F
M.FQI('-T179T.F%C=&EO;CTB9&5R:79E9"(@<W1%=G0Z<&%R86UE=&5R<STB
M8V]N=F5R=&5D(&9R;VT@87!P;&EC871I;VXO=FYD+F%D;V)E+G!H;W1O<VAO
M<"!T;R!I;6%G92]J<&5G(B\^(#QR9&8Z;&D@<W1%=G0Z86-T:6]N/2)S879E
M9"(@<W1%=G0Z:6YS=&%N8V5)1#TB>&UP+FEI9#I!-CDQ-4$Y-4)%,3E%,S$Q
M.$0S-S@P.34U,T-"-$$U02(@<W1%=G0Z=VAE;CTB,C`Q,RTP.2TQ,%0P.3HT
M,CHR.2LP-3HS,"(@<W1%=G0Z<V]F='=A<F5!9V5N=#TB061O8F4@4&AO=&]S
M:&]P($-3-B`H5VEN9&]W<RDB('-T179T.F-H86YG960](B\B+SX@/"]R9&8Z
M4V5Q/B`\+WAM<$U-.DAI<W1O<GD^(#QX;7!-33I$97)I=F5D1G)O;2!S=%)E
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M<&UE=&$^("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@/#]X<&%C:V5T(&5N9#TB
M=R(_/O_B#%A)0T-?4%)/1DE,10`!`0``#$A,:6YO`A```&UN=')21T(@6%E:
M(`?.``(`"0`&`#$``&%C<W!-4T94`````$E%0R!S4D="```````````````!
M``#VU@`!`````-,M2%`@(```````````````````````````````````````
M````````````````````````$6-P<G0```%0````,V1E<V,```&$````;'=T
M<'0```'P````%&)K<'0```($````%')865H```(8````%&=865H```(L````
M%&)865H```)`````%&1M;F0```)4````<&1M9&0```+$````B'9U960```-,
M````AG9I97<```/4````)&QU;6D```/X````%&UE87,```0,````)'1E8V@`
M``0P````#')44D,```0\```(#&=44D,```0\```(#&)44D,```0\```(#'1E
M>'0`````0V]P>7)I9VAT("AC*2`Q.3DX($AE=VQE='0M4&%C:V%R9"!#;VUP
M86YY``!D97-C`````````!)S4D="($E%0S8Q.38V+3(N,0``````````````
M$G-21T(@245#-C$Y-C8M,BXQ````````````````````````````````````
M``````````````````````````````!865H@````````\U$``0````$6S%A9
M6B``````````````````````6%E:(````````&^B```X]0```Y!865H@````
M````8ID``+>%```8VEA96B`````````DH```#X0``+;/9&5S8P`````````6
M245#(&AT='`Z+R]W=W<N:65C+F-H```````````````6245#(&AT='`Z+R]W
M=W<N:65C+F-H````````````````````````````````````````````````
M`````````````&1E<V,`````````+DE%0R`V,3DV-BTR+C$@1&5F875L="!2
M1T(@8V]L;W5R('-P86-E("T@<U)'0@``````````````+DE%0R`V,3DV-BTR
M+C$@1&5F875L="!21T(@8V]L;W5R('-P86-E("T@<U)'0@``````````````
M``````````````!D97-C`````````"Q2969E<F5N8V4@5FEE=VEN9R!#;VYD
M:71I;VX@:6X@245#-C$Y-C8M,BXQ```````````````L4F5F97)E;F-E(%9I
M97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0``````````````````
M````````````````=FEE=P``````$Z3^`!1?+@`0SQ0``^W,``03"P`#7)X`
M```!6%E:(```````3`E6`%````!7'^=M96%S``````````$`````````````
M```````````"CP````)S:6<@`````$-25"!C=7)V````````!``````%``H`
M#P`4`!D`'@`C`"@`+0`R`#<`.P!``$4`2@!/`%0`60!>`&,`:`!M`'(`=P!\
M`($`A@"+`)``E0":`)\`I`"I`*X`L@"W`+P`P0#&`,L`T`#5`-L`X`#E`.L`
M\`#V`/L!`0$'`0T!$P$9`1\!)0$K`3(!.`$^`44!3`%2`5D!8`%G`6X!=0%\
M`8,!BP&2`9H!H0&I`;$!N0'!`<D!T0'9`>$!Z0'R`?H"`P(,`A0"'0(F`B\"
M.`)!`DL"5`)=`F<"<0)Z`H0"C@*8`J("K`*V`L$"RP+5`N`"ZP+U`P`#"P,6
M`R$#+0,X`T,#3P-:`V8#<@-^`XH#E@.B`ZX#N@/'`],#X`/L`_D$!@03!"`$
M+00[!$@$501C!'$$?@2,!)H$J`2V!,0$TP3A!/`$_@4-!1P%*P4Z!4D%6`5G
M!7<%A@66!:8%M07%!=4%Y07V!@8&%@8G!C<&2`99!FH&>P:,!IT&KP;`!M$&
MXP;U!P<'&0<K!ST'3P=A!W0'A@>9!ZP'OP?2!^4'^`@+"!\(,@A&"%H(;@B"
M")8(J@B^"-((YPC["1`))0DZ"4\)9`EY"8\)I`FZ"<\)Y0G["A$*)PH]"E0*
M:@J!"I@*K@K%"MP*\PL+"R(+.0M1"VD+@`N8"[`+R`OA"_D,$@PJ#$,,7`QU
M#(X,IPS`#-D,\PT-#28-0`U:#70-C@VI#<,-W@WX#A,.+@Y)#F0.?PZ;#K8.
MT@[N#PD/)0]!#UX/>@^6#[,/SP_L$`D0)A!#$&$0?A";$+D0UQ#U$1,1,1%/
M$6T1C!&J$<D1Z!('$B8211)D$H02HQ+#$N,3`Q,C$T,38Q.#$Z03Q1/E%`84
M)Q1)%&H4BQ2M%,X4\!42%3055A5X%9L5O17@%@,6)A9)%FP6CQ:R%M86^A<=
M%T$791>)%ZX7TA?W&!L80!AE&(H8KQC5&/H9(!E%&6L9D1FW&=T:!!HJ&E$:
M=QJ>&L4:[!L4&SL;8QN*&[(;VAP"'"H<4AQ['*,<S!SU'1X=1QUP'9D=PQWL
M'A8>0!YJ'I0>OA[I'Q,?/A]I'Y0?OQ_J(!4@02!L()@@Q"#P(1PA2"%U(:$A
MSB'[(B<B52*"(J\BW2,*(S@C9B.4(\(C\"0?)$TD?"2K)-HE"24X)6@EER7'
M)?<F)R97)H<FMR;H)Q@G22=Z)ZLGW"@-*#\H<2BB*-0I!BDX*6LIG2G0*@(J
M-2IH*ILJSRL"*S8K:2N=*]$L!2PY+&XLHBS7+0PM02UV+:LMX2X6+DPN@BZW
M+NXO)"]:+Y$OQR_^,#4P;#"D,-LQ$C%*,8(QNC'R,BHR8S*;,M0S#3-&,W\S
MN#/Q-"LT932>--@U$S5--8<UPC7]-C<V<C:N-NDW)#=@-YPWUS@4.%`XC#C(
M.04Y0CE_.;PY^3HV.G0ZLCKO.RT[:SNJ.^@\)SQE/*0\XSTB/6$]H3W@/B`^
M8#Z@/N`_(3]A/Z(_XD`C0&1`ID#G02E!:D&L0>Y",$)R0K5"]T,Z0WU#P$0#
M1$=$BD3.11)%546:1=Y&(D9G1JM&\$<U1WM'P$@%2$M(D4C721U)8TFI2?!*
M-TI]2L1+#$M32YI+XDPJ3'),NDT"34I-DTW<3B5.;DZW3P!/24^33]U0)U!Q
M4+M1!E%049M1YE(Q4GQ2QU,34U]3JE/V5$)4CU3;52A5=57"5@]67%:I5O=7
M1%>25^!8+UA]6,M9&EEI6;A:!UI66J9:]5M%6Y5;Y5PU7(9<UETG77A=R5X:
M7FQ>O5\/7V%?LV`%8%=@JF#\84]AHF'U8DEBG&+P8T-CEV/K9$!DE&3I93UE
MDF7G9CUFDF;H9SUGDV?I:#]HEFCL:4-IFFGQ:DAJGVKW:T]KIVO_;%=LKVT(
M;6!MN6X2;FMNQ&\>;WAOT7`K<(9PX'$Z<95Q\')+<J9S`7-=<[AT%'1P=,QU
M*'6%=>%V/G:;=OAW5G>S>!%X;GC,>2IYB7GG>D9ZI7L$>V-[PGPA?(%\X7U!
M?:%^`7YB?L)_(W^$?^6`1X"H@0J!:X'-@C""DH+T@U>#NH0=A("$XX5'A:N&
M#H9RAM>'.X>?B`2(:8C.B3.)F8G^BF2*RHLPBY:+_(QCC,J-,8V8C?^.9H[.
MCS:/GI`&D&Z0UI$_D:B2$9)ZDN.339.VE""4BI3TE5^5R98TEI^7"I=UE^"8
M3)BXF229D)G\FFB:U9M"FZ^<')R)G/>=9)W2GD">KI\=GXN?^J!IH-BA1Z&V
MHB:BEJ,&HW:CYJ16I,>E.*6IIAJFBZ;]IVZGX*A2J,2I-ZFIJARJCZL"JW6K
MZ:Q<K-"M1*VXKBVNH:\6KXNP`+!UL.JQ8+'6LDNRPK,XLZZT);2<M1.UBK8!
MMGFV\+=HM^"X6;C1N4JYPKH[NK6[+KNGO"&\F[T5O8^^"KZ$OO^_>K_UP'#`
M[,%GP>/"7\+;PUC#U,11Q,[%2\7(QD;&P\=!Q[_(/<B\R3K)N<HXRK?+-LNV
MS#7,M<TUS;7.-LZVSS?/N-`YT+K1/-&^TC_2P=-$T\;42=3+U4[5T=95UMC7
M7-?@V&38Z-ELV?':=MK[VX#<!=R*W1#=EMX<WJ+?*=^OX#;@O>%$X<SB4^+;
MXV/CZ^1SY/SEA.8-YI;G'^>IZ#+HO.E&Z=#J6^KEZW#K^^R&[1'MG.XH[K3O
M0._,\%CPY?%R\?_RC/,9\Z?T-/3"]5#UWO9M]OOWBO@9^*CY./G'^E?ZY_MW
M_`?\F/TI_;K^2_[<_VW____N``Y!9&]B90!D0`````'_VP"$``$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$"`@("`@("`@("
M`@,#`P,#`P,#`P,!`0$!`0$!`0$!`0("`0("`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`__``!$(`",!)P,!$0`"
M$0$#$0'_W0`$`"7_Q`&B````!@(#`0`````````````'"`8%!`D#"@(!``L!
M```&`P$!`0````````````8%!`,'`@@!"0`*"Q```@$#!`$#`P(#`P,"!@EU
M`0(#!!$%$@8A!Q,B``@Q%$$R(Q4)44(6820S%U)Q@1ABD25#H;'P)C1R"AG!
MT34GX5,V@O&2HD14<T5&-T=C*%565QJRPM+B\F2#=).$9:.SP]/C*3AF\W4J
M.3I(24I865IG:&EJ=G=X>7J%AH>(B8J4E9:7F)F:I*6FIZBIJK2UMK>XN;K$
MQ<;'R,G*U-76U]C9VN3EYN?HZ>KT]?;W^/GZ$0`"`0,"!`0#!00$!`8&!6T!
M`@,1!"$2!3$&`"(305$',F$4<0A"@2.1%5*A8A8S";$DP=%#<O`7X8(T)9)3
M&&-$\:*R)C495#9%9"<*<X.31G3"TN+R565U5C>$A:.SP]/C\RD:E*2TQ-3D
M])6EM<75Y?4H1U=F.':&EJ:VQM;F]F=WAY>GM\?7Y_=(6&AXB)BHN,C8Z/@Y
M25EI>8F9J;G)V>GY*CI*6FIZBIJJNLK:ZOK_V@`,`P$``A$#$0`_`-J/^<%_
M,WV#_*T^(&Z>\<U_"\WVSN>:IV!\>>N,A71TXWQVIDZ">6@K<K&)$J8]A[%I
M4.7S]4I18Z*`4ZR+4U5,K^Z]U5/_`,)OOYPV^_EQMO>/PC^9V[LWDOFGTU#D
M]ZX#=6_<=+M3=O=W56<R`S52V3V[D*;&3T._>KJC/0T]31K30FHVU48VMBCD
M5:N5?=.S`+(0`/RZVK??NFNO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_
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MZ]UU<7`N+GZ"XN?]8?7W[KW7?OW7NO$@`DFP'))^@']3[]U[KP(/(-Q_4>_=
M>ZZN/ZCZV^H^I^@_US[]U[KUQ>UQ?ZVN+V_K;Z^_=>Z\""+@@B]K@@B][6O_
M`%O[]U[KNX_WW^V]^Z]U[W[KW7$NBBY=0/ZE@!_MR??NMT/IUR]^ZUUQUI:^
MI;$A;ZA:Y-@/K]2??NMT/IUR]^ZUUT""+@@C^HY'OW7NN[V^O'OW7NO7`^IM
M<V'^O_3_`%_?NO=>]^Z]U[W[KW708$`@@@_0@BQO]+'\^_=>Z[N+V_/UM^;&
M]O\`;V]^Z]UU<'D$6_K?W[KW7?OW7NN.I0;%E!N!:XO<_06_J;^_=>ZY>_=>
MZZ#*>0P(/TL0;^_=>Z\647NP%OK<@6_U_?NO4/7?OW7NNKB]KB]KVOS;Z7M]
M;7]^Z]UZXL3<6%P3?@6^M_\`6]^Z]UW<7M?DW-OS86N?]A?W[KW7O?NO=>]^
MZ]U__]%J^9WS1_F`_#K^=]_,0^5/Q[RW8W</QX^'TGQ]R_RB^..3[#S=?L&K
MZ`[2Z[Z]PV6R&W]@9"MK\=MJLP^XJ)\@-PXJC!P%6PJ:Y9,?/7`^Z?"1Z02_
M=3JT/^>3\[]I?)O^3!T5\NOAAW7O#$;4[$^6GQR@I]R;!W5G=A[XV_\`>U^Y
M<7N_K7?*[:RU'E,+N'`91VH\KC))FB^X@213+$89F]TT`:CI]^8N[_DK_-8_
MFG;O_E+]+=^[[^,/P_\`B%U7LKLCYR=G]+YML'VWVYO+>V.Q.4VOU!MW=M*G
MW.!PZ4&:I8Y8BXA:2/)35<56::BI_?NK<,G_`%?ZOV]%Z^<GPH[F_D![1VO_
M`#&_Y=?R%^2&^.A.K=X[+QGS)^('?_9F2[6V-V-U9NG<-+MJOWEMV?)QTHV]
MN6DK\O!3FH6(U-)/51U44RT\511U/NM$U%/]7\^N7S@V-5_S%/YY_P`/^C<)
M\HOE=T?\>/D!_+-HOD#B9/CUW3NGJ_(5TD&6WYN/:N8.,HJZLVTE7DL=5P)6
M22T<T\L<*1^0!%8>Z\*K4D=<^D=A_)CXU_S4=Y?R.>R_FOW_`/+GX>?+KX5[
MY[*P.[=][\R+?);XL5\%!N:+$9K#=I8B5<UMW+T^7VW(*8:UQU2]?CZC[:.1
M9DJ?=::IHQX'HK7\YG^6%O3^6+\1MF?(#J3^9C_,S[`W;GOD-U%TQ78SLWY/
M;EJ\!_`]_KG_`.+9>"FVTNWZR+-4W\%0T[&<PJ78-&W!'OEU=&P/]7GU9IV9
M_+>ZQ_D^]:=A?S-=Y?.7^8U\H:3XD]?;G[&V[T3WE\E,KFNJ^P.Q\CC5VKUQ
M0[MQ&/I,;45U)'O7<-(8XGF>".9UEECG6+Q/[IOB3T%7Q!_DN]G_`,R;H3:W
MSD_FF_,/Y?9GY'?)3;5%VOU]L'I+MVMZDZX^-.Q]Y02YWK_!;*VCCZ?(XR/*
M18#(4E9)'IB@IRX@E6HJ$FJYO?GU>O``]/7PV^3'RT^-V[_YHG\F_P"7_<^?
M[RWS\9?B-V7W[\0OE'F,C44':.^^@\KL2NAQV/W5E%JYLM6;OV949W'R4]::
MJIKJ2IBKX#4RP4M&X]UL`D:APJ.JQ?Y&O\W'Y*_!3'_%_K?^9%NG>&Y_A)\_
M\3E=T?%;Y6]E[OR&^$ZR[0P^YY=A;ZVINK?6;JZS(4.PJO>5`$R=!D*@/MFI
MJH,@EL96U,L'NM,*@$5)ZNSSV_\`L.'_`(5/=<]=0=B;X_T6YC^6;F=WR=;P
M[QW`>N9]R4^\,U0Q[D&S5R/]V9,TU,JK]Y]L9BJKZ_2/?NJ4('RZV*^Q?*.O
MM^F"::GF&S=T&&HIY7@J()1A*XQS031LLD,T3V974AE8`@W][/`=-+\3=:&O
M\J3^7%W1\V_Y9V5^;V._FF?S`^C/D=M?=G?=%MK+P_(W>&:Z?QO^B3(5J8&H
MW7M_/Y*IRYQE9%1?[DJB/(*(U8NL1"%)-=*B<D?ZN/1I=A_SW?E\W\@_I/OJ
MHH\-NW^8/\AOD37_``4Z"WC482@AQ^^MZQ9J;%4?>L^W$Q_]W,CEL)@T:EE1
M(1C*C<D4<LD'V[2TH]UKS('#_9Z-Y1?\)K,CE.IU[`WK_,C^=55_,@K<6FZ:
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M95>*6-EDC=0RD$`^_=5ZTWOY-G\I?/?S#OY=W1GRR[:_F6_S0]G;\[)??])E
M<'U_\JMRX_:-+%LS?VX]E8Z;%4V=@SV19JJCP"S5#25!!J9)%5515O[IXL5T
M@CR'0H?S>/C#N/\`EE?"?X,]5]*_*KY>[VR/87\UGIS-]A=J]L]\[OW!VGNV
M@W1M_-X`;*R>Y<168;3U]BL1C((X,-'&*)YU:JF22I=Y3[JI-5;[.MRG,QZ\
M/E$4E"<=7!60E&1FI)@'5EL592;@CD'GW[JB\1U\XC%]X=^U/_"?+K'?E3WY
MWC-OJ7^>)0[(EWRW;O8)WC5;*EH,CCGVG5;I_O#_`!VHVU>/R"A>H-*)@)`G
MD`;WOIW-3Z_[/7TB0/J!:W'%N+?ZWOWD.FCP'6DAU/\`$+</\Q3^:A_.FV[V
MS\_?G3\?MH_%WO;8L?5E/TA\DLYL':.VJ?L'#YNHKHZK&9R?)[=HL?@YMM4_
MV-+!#2P7GF+%N![UU=31?SZL?_D6=Y?)O?,G\R;X[=I_(K<'S5Z!^)G<T'6/
MQE^:.X%AK,MVC1U>WMR5.^-I2;ZH6GI-_P!7UW6TE`LM?%5US4\]8RI4R4KT
M8C]U0@U/5,'\I#^6SW;\^_@#NOY?T_\`-/\`Y@?1'R)VOVUWIL_:&8QWR*WA
ME^I,0.LZJ.7;M;NO;^<R-3F)L8[S'[^6'(Q:(1=$])5_=.5X"G^JO5O7\MOY
MS_([YO?\)^OE!W;WUN2:L[NZVZD^9O5$?<6U2=KY3L`]6=6YF?;':=#68!,9
M3T.YE-<E-)7XY:=9*_&O4HL4CLJ^ZH`/$^P]%7ZE_F8=[?$C_A/%_+;R_5E9
M6]P_.WYI9]?CG\=\EV=ELIO6H;LK??;O85*_8F[JW/R9.KW!2;$Q$<,=/#62
M24_WDU#',DE(DD1]U8`L33C3_)_J/1TMD_\`"<7JK?VW*+>/SM^97SB^4OR@
MS%-!D]Z]LT/R,WIUUMC#;HJ*:%ZVFZHV7@WCI-M[8Q-9J2ACJ!->-%;PP@^%
M?=5/`4X=%+_G;]']J?RY_P"2#B.J^NOE[\H>PLOM[YF=8':O<>^NSMR4W=>,
MV#O7<^X9:'K;)=@X'*T&7SF#VU35`IH&+0Q21QH!"BQHH]U>$T<'[/\`".ML
M/;.YMM)MO;L%1NC`S5*X7#+,[9[&SO-.*"FUR&9:MQ4-*PU:@6#WO<W]^Z;(
M.33'6I?_`"P.E=S_`,PC$_SW?CKVO\D_DQ@,91?S(LYB>K^S>MN[MVT'8/3U
M)M?=.YL]AX^J-P566R./P>WWBC^TDQ\4;8RIQTIC$7IB=-]7-5I7_5@=%"_F
M-_RR=[_"SY'_`,L/I/8G\S+^9?NK`_.CY02]$=CY?>?R:W'49S:.VHY=F1+F
M=B-AQAZ"FSP7<TOJKHZR`F-/VQ9M7OEU;46U#_5PZOP^//\`(LVKT)7]SY.K
M_F!?S&NX,CVQ\?\`M#H3"5G:_P`C,CG/]$8[4PE1M_*=J]<4U'045+1]J;>Q
MM01A\A5QU,>/E+3)%Y=+IKIGK__2M>^"&,Q6>_X4??SP]NY[&8[-X3.]`?&W
M&9G"Y>BI<EBLOB:W9^S:'(XO)XZMBGHZ_'9"CJWAGAE1XY8W*L""1[WTYY#\
MO\O5!G\[/^6;W=_*OK=WX?XUU&8R'\JSYB_(+IKL'+]>-329W&?&KY!;.W;!
M5;<V^:JK-14;7VYGJ"JGH\'G$8-68^&+!Y)GDH\;45&NMAE.#QZO)Z.[-V5_
M+Q_X4<_.C9GR'S=+UUL#^:!U;TOVQ\:NT-Y24^#V=N3>_7V%I=O[DZV?<U=+
M%BJ'.296?*1T\$TR,TE/21$"2OI%E]UHC%!Q_P`V.A^_X4L?++KK;OP`WC\)
M=FUV/[(^5_SKS.PNCNC>D-JU])F=\9>7.;\VQD,ANVHP5`U564>`I*;'BDIZ
MB98DGR-9`D98+*4]U48R>BH[5ZLR_4W_``H/_ED_'_+9>2FSG4W\C].F<AGL
M%-3FKILKLS';TVQ6YG#5-72U5.:F.MHWEIGE@D3TJ61ENI]ULD$&GS_R=!K_
M`"\]]M_*3_G!_(OXH?S(:N7?_</SIS-%N?XJ_P`SWLJKJ:K</=NR8Y:'%[>Z
M%WIF\I(^$V*(*K'TM*,?C?L:2FW'3Q4LB34E7@I8_=>)UJH`X#_5^S_5GHY'
M_"L!@_\`+/ZP8`J#\Z?C3Q("C+;^_(-U(O<$?3^G/O?F#UI!IT@_ZL]6(?SO
M_CAOKY8_RG?F3TKU=BJW<'8F9ZHI]U[-V[C?5D-R9?K;<>WNQ?[N8Z`<UN3S
M]%M>:DI(!ZIJJ:-1R1[UUH?$>H?\GGY^?'OY@_R\/C[OS9F_MIX[/=7=.;'Z
M[[OV5D\_BL7G^J-\];;5QFU]STNZ\965%+587$5-1B&KJ"KF1*>HQ\T<BM<.
MJ^Z\592%(SU15M'>&V_Y@_\`-O\`YMWSMZ+J9-S?&/XI?RS.R_AIB>W,9''-
ML_M#MO([4RVX-P1;4RT<AIL[C,-%%E`*JG:2.2FBHZ@?LUM,[^\^G0VE3&?B
MJ/\`#GH>OY27P)Z%_F3?\)M/C3\9>_<(:C`[AQO;>0VGO'&PTS;MZOW_`(WN
M+LNFV[V%LZJJE>.#,X9ZATF@?_)LA0RST=0KP3R(WNJUI0U\AU7C_*5ZN^:?
MQZ_X4`=2?%OYQ9:IW?OCXN_`OM[I?IGLMZ&=L9V3\9<+N7$YCJ/<NW=SS@U.
MZ<!`<YD:.+[MWR6(>G?%5;&6B]^ZT2"/GUO3]C$1]>[]=C95V9NAF/ULJX2N
M)-O]8>]]-`$$GK0]^#OPZ^47S6_X3#9OKKXD=O[TV%V9@_D%\F-R5G5NU\NF
M`PGR=V=3;PJ3N;HS=N8IOM<U1MN?'!CC3#604E56(E'6@TU2\U/KIW4*U_U<
M>F/Y)_+KI_Y6?RJ/Y??RQ^+O26-Z>S_\F'YB].;D^6_PCVIB:JGRW2FW,-DD
MP^Z<_BL!6A=PR['R6YL=%4IE*Y):F.:LKER4QK:&OD&^M^=>MU[`?.KXA[C^
M,\/S#Q_R%ZO'QLEV>N^Y>UJO=F*IL!CL'_#%RT]+E4><5^/W+0QDP38>2$96
M.L4TQI_N/V_>NJ4(ZUWOY'6YNJ>PMF_S-_GO\H:?K[J_XT_S7?G/G\'T?M3O
M^?`83;':&Q\=3;^Q>*Q>0H]Z"GV_F6W\,QD:!*.0R"OJL74QQJ_IU>ZM6I%.
MJ_\`^;C\1_C[_)+[(^-?S5_E,]U[BZ#[^[5^0VT-F9/X:;/[!K][]<=[['SL
M\E3E?L]A3Y'*5Z[2BR%-3XNIHZDU>/9\O`<>:*K@@,GNK@88_A''_BNAJ[Y^
M&GPX^=7_``H\^;?6OSD!Q_7FW?A+\=]^;?ICW!E.HC!ONGQ?7V%CI9=P8/.[
M?GS+PX3<60!I?,T3!?*4/C!'NM"J@4X?[)ZNL^`O\K/^4[\$N_I>VOAUGJ*F
M[DW9L7.]9)1U?R?S/:4N5VOE,CAMTY>@Q^T<]N_-+45D<VU()Q-#$9H(HI+$
M(TE_=-L234\>K3ODU)H^-GR#E']CH_MA^>!Z=A9]N?Z?3W[K1X'K3(_D7_R1
M/C-\V_Y8WQ^^0O9G>?S;V+NW=]7V+09+;73'R2S'777-+'M3L+<6U*";![.I
ML#D:3&2UF.PT,E6ZN345;22FQ>P]]G3DSCL/R'0[_P`]SX8;3^`'\K7X@8+K
M#.]T]D]+_&3^8[U#W=V3O+MG=U3VCV+@=K[ES>Z9LAE,ON`8S&&?#4FXLK38
M^E#Q((Y*N"(L[R:C[K5:@CUZV=]S?./X@XWXYYCY-S?(SJ";HN+8-?OJ+L*F
MW]MM\/78!<+-DXUQY->*JIS55$/##CEB_B#UC"G$/G/C]^ZT`0>'7S^TP>X-
MN?\`":+XT;JW)B*[;6#[9_G18'MC9$V<@./?*=?5V9W?B:/<3"IT^+'S5^W:
MS1-_FWBA\BL4(8^ZL.YO]7KU]$*+Y5?%Z>>GIH/DCT)-4UE32T=)3Q=P]>23
MU5963QTM'2T\2;B,DU35U4R1Q(H+22.%4$D#WOJM#C!ZU-/C%\?/B;\O/Y@_
M_"C/XV?,S)X*+I3>7RG^+V[LCA<IV<W5E7FLUUS1[^RV'FI,W1YW!9::@P]=
M4@U:12-"3/$);%H[ZZV*A1C->EE_+6INO_B/_.([P^`/\M_OG='>?\NJ/XA9
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MD*K28'([<HZ>HE8JE.,@)W988I73W5D(5JGT_P`E/\M>MXOX_?+CXV_*7JC;
MO=W0_<VP>Q.M=S86FSE)G\-N/%EL93STZU$U#N;'35,62VMFL;J,=919"*GJ
MJ25625%8$>_=-Z2.M`/O_L/=W9'_``GR^7.9WEV%N?L6>D_GM;DV_A\YNC>.
M6WK+1[7H-P;<;#8C!Y7+9+*&GV_24LWEI8*>1:51*TD:_N$M[IZ&JR`_9_A`
MZV/\-_PEJ_E(5^)P^3.Q_D,'K,=C:LJWRA[:=E-12P2D&6+,0*Q4O]56,$_1
M5%@/=-5I4=`3_P`)@^O]J=2;T_G']2;%AR-+LGJS^8#D^NMG4N8RU1GLO3;3
MV1BLUM?;D.5SE6J5>9R4>)Q,2SU<H$E1*&D878^_=6D<,%`\O]C_`"UZ$W^?
M-;_9]O\`A/63I_[>'U'U:W_*1U1^/R/]]^??NM(P6M?]6"/\O6SG[]U3K__3
MOZ^&G^C'_A]'^:/_``#_`&4C_2/_`**^E_[Y?Z-O]F[_`-FD^Q_N_P!>_P`.
M_P!.O^DK_G%+^#>/Q_P_^X?^Y'[?[/[[U^;WOTZN>`X^7^K_`#=6%_S._P"%
M_P"R$_)[^-_[*M_!O]'0_BO^SK_WP_V63^'?Q_#_`'O^D_\`T>_[_OQ?;ZOX
M/_!?]RO\?^R^U_?T>]=5'$=5.?\`"D/_`$<_[)YTG_I*_P"&P_[G_P!^I?)_
MPX__`+-5]Y]Q_=>F^P_V7/\`V4W_`(SK_>_5_P`7OQ?Y+_#='WGIO[]UO.?]
M7^H]4V_R)_\`9=_^'(-F?Z(/^&1/XW_='.???Z-?^'2?]F]_AW]V:GR?Z!_]
MGE_XQ_\`?_<:/O/X=_N4_N[Y]'['E]^\NMO7_BZ=7Z=B_P"C/_H(D^/GW?\`
MLIO^E3_9&-V?PO\`C/\`LW'^SA?W;_BO8_W']T_X+_SAI_HR\GD\G\9_W]E_
MO?!Z/![]U4<#TW_SY/[D?PWX%?WV_P"&QM/^S;X/^Z__``X]_LPOVG][OLH/
MX3_H<_V7[]W[SQ>;^-?WP_WX^K^'?Q+]S[7W[KR>?V_ZOSZ?/^%$O^C3_9%=
MA_Z5/]E1_NW_`+-=TO\`;?[.+_LVO^BO^.?P_>_\._A7^R:_\96_OO\`YS['
M[O\`W[OVWW/WW^Z?>^MKQ_U>O5[<6G[:BMX+:*?3;R>.VA+>#7Z_^"ZN;?7W
MKJIXGKYJ/\Q?_96/]G;^6G^D?_H'T_O=_?'=_P#$/[N_\/)?WAO_`!^I^V_T
M\_[*G_QA#_2)]OI_O1_#./XYY//^_K]^Z<%=6/YT]/\`5^76VG_+/_N5_P`,
ML;G_`(-_PW)_<+_11\B/MO\`9(?]F!_V47^[W]V\_P"?^_W]_?\`G)3^]?VN
MO^^GW7^_HU:_#_E'C]^ZJ?B'K_J_+H8OY"W]P_\`AK7XX?Z-/]EV_N9Y^U?X
M1_LJG^S(_P"@W_F;F]_N_P"Z/^S;?\9\^Y^]\G\3_C?_`"]/N/MO\E\/OW7C
MY?9T.O<_\"_X<5^#'W_^RM_QO_17\M_[O_WN_P!(_P#LV7_%JZU_BO\`H,_N
MU_QC[_15]II_OI_>;_E*_A7\._RG7[]U7H\/87V_]P=[_=?P_P"U_NAN7[G^
M+?Q+^%>#^"UOF_B?\&_W+_P_QW\WVO\`E/COXO7I]^Z]U2M_PG;_`-&__#:^
MU_\`17_LJW]TO],W;?B_V3[_`&:[_0K_`!#^/4W\0_AO^SE_\9M_O%YO^!?F
M_P!Q>K1]E^U[]U[H$/B=_<C_`(<$_G<?P#_AH3^]G]W,O_??^X?^S"_Z8/N/
MX)7_`,%_V>G_`$F?\84_T=_PK3_?O_1Y_DO\:^\_BO\`N1\GOW5\XX^7^K_-
MUIM9#_9-_P"\>2^Y_P"@;_\`O#_I/3S?PG_A^/\`V7_^)ZE\GB_A7_&+_L/O
M/T>#_<1_#]6C_);>_=;%=#?[%.MR+^<+_<#_`(9CZ:_TD?\`#5O]T_O^@_N?
M],_^S,_[(OY_[BY_[3_99/\`94/^,U^37_QZ/VG^3_P#[G[GT>_=4''K78_E
M#?[++_PXI\8/]%G_``P/_>O^\6#\/\&_X=U_TV_;6J/OO]EK_P!G'_XPO_I/
M\/\`Q[GW'^5?<7^T_=]^ZNU?RI\J_P"?[>A=_GX_[+)_PYUW;_I'_P"&:?[X
M_P!T^C_XC_LZ'_#N_P#IK^W_`-%^(_AO]XO]E3_XP1]C]I;^&_PK_*?X?X_O
M_P#*=7OW7C71']GR]3_JS\^L_P#(`_V6[_AS/K3_`$7?\,?_`-[/]'_;%O\`
M94O^'7O]F"_A7]T:O[[_`$6?[.)_QA7^*>7Q?Q._^YG^[O\`$?M/V_N/?NJ'
MK>N^0GV/^@'O'^*?W;_AG^B#LS^(_P!\/[Q_W1^Q_N9F_N_[T_W/_P!_=_=S
M[?5]]_"O]R/VVO[;][1[]UKJL;^0-_<#_AK?H/\`T8_[+;_<S^-]M?PO_93/
M]F7_`-!VO_2MN[[S^[/^S=_\9[_B/WFO^*?QCT?Q+S_:_P"2^+WX=>D\J_+_
M`%8Z/9\X_!_LH7R.^Y_V6K[?_1)NS[C_`&</^(?[+#X/X?-Y?].7\*_W*?Z/
M-%_O?MO\HTV\?KT^_=;7B.OF,XW_`&37^^N/^W_Z!H?XK_>P^#^*?\/S_P!P
M?O\`[T>+[S^*?[\S^[7W%M?W'^XW[?3Y/V+^_=7SI_/Y?ZJ];CO\[S_1A_PT
MK\4_]*__``V1_=S_`$B=#?:?Z7O]F_\`]DD_B_\`HGWK]I_LO_\`LEW_`!E7
M^"^#R_W9^]_W!_P'R?<_O?;^_=53SIZ?Y1UJS?"7_92O]G2^)']UO^@=3^]'
M^S&=2?W=_NE_P]K_`'F_B_\`>_&_:?W7_P!,G_&'_P"^6J_\"_O3_N#_`(Y]
MI]SQ;W[KV?E_+H9?YJ_^RG?\.,?+K^^'_#%/]Z_].VY?X]_LQ_\`P]7_`*8?
MXG]IA/)_I+_T%?\`&%_[SZ-'WG]V_P#<3^G1Z_)[]ULUH.'\NMI3^07_`'/_
M`-D\[:_N=_PTY_=?^/?Y)_PU[_IT_NIX?[O9'R_[,#_IV_XS%_?2U_M/OOW_
M`+'R>/FWOW5/7I9_\)U/]&O_``WC)_HJ_P!E2_NM_LPO<%_]DX_V;+_0_P#Q
M7RX#^(6_V<S_`(S)_>O5I^\T_P"X7Q^'[+TZ_>^M/_EZ*1MS_1C_`+.I_/R\
MW_#2'\6_V5;LG_2=_HW_`-F\_P!F1_@W^CM?L/\`9Q/LO]^3_H[_`(%J_O[_
M`*(/]SW\7\'WG^YC1[UTZ*XX^7I_J^SJPW^5%_<O_AFWHG_1Y_LJ']S?]"'<
M/\!_T??Z?O\`90_MO[Y=D^?[K_9HO^,]?Z-OO/)_>/\`O)_E5_O?%_DW@]^Z
MJ?\`-UH:[^_V3O\`OQVM_>?_`*!SOX]]W5?Q'_01_P`/M?Z,?O\`S57F^\_T
M1?\`&-O[LZ[V_A?^XW]7B]%O?AY=76M3QX_+J\GL'_09_P!`^>%_O%_PR%_H
MQ_V=7:G\+_T+_P##BW^R4??_`,+@_A_]\_\`1=_SEY_LR&O5][_&?]QO\.^V
M^]]'C][ZW'76O&N.%/4?ZOMZW<MM>/\`NWM_Q?:^+^"XGQ?8_=?9>/[&GT?9
M_>_Y;]KIMX_-^[HMK]5_>NFCQ/5#'\D3_1A_IA_FQ_Z._P#91_O_`/9Y=V_W
MW_V6#_9OO[P?WD_C>^?-_I[_`-FC_P!^U_I/U:_N?]'G^_4^Y^Y\7I\/OW6N
MG;^;_P#Z-/\`9O?Y-']^O]E0_CO^SDS?W`_V8?\`V;;_`$A?W@_B_5-_]ER_
AV7+_`(QS_I#U>'_F9G^_9^Y^QMQ]S[]U[J^WW[KW7__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
