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PROJECT AGREEMENT Execution Version the REGINA BYPASS

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PROJECT AGREEMENT Execution Version the REGINA BYPASS PROJECT AGREEMENT Execution Version THE REGINA BYPASS PROJECT CONFIDENTIAL The Regina Bypass Project Project Agreement Execution Version TABLE OF CONTENTS 1. DEFINITIONS AND INTERPRETATION .................................................................................... 2 1.1 Definitions and Interpretation ...................................................................................................... 2 1.2 Conflict of Terms ......................................................................................................................... 3 1.3 Conflict of Documents ................................................................................................................. 4 2. COMMERCIAL CLOSE AND FINANCIAL CLOSE ................................................................... 4 2.1 Effective Date .............................................................................................................................. 4 2.2 Standby Letter of Credit ............................................................................................................... 4 2.3 Financial Close ............................................................................................................................. 5 2.4 Disruption in Financial Markets .................................................................................................. 5 3. SCOPE OF AGREEMENT ............................................................................................................. 6 3.1 Scope of Agreement ..................................................................................................................... 6 3.2 Early Works Agreement ............................................................................................................... 6 4. BUSINESS OPPORTUNITIES ....................................................................................................... 7 4.1 Business Opportunities ................................................................................................................ 7 5. REPRESENTATIONS AND WARRANTIES ................................................................................ 7 5.1 Project Co Representations and Warranties ................................................................................. 7 5.2 Ministry Representations and Warranties .................................................................................... 9 6. BACKGROUND INFORMATION .............................................................................................. 11 6.1 No Liability ................................................................................................................................ 11 6.2 No Warranty ............................................................................................................................... 11 6.3 No Claims .................................................................................................................................. 11 6.4 Technical Reports ...................................................................................................................... 12 7. PROJECT DOCUMENTS ............................................................................................................. 13 7.1 Project Documents ..................................................................................................................... 13 7.2 Ancillary Documents ................................................................................................................. 13 7.3 Changes to Lending Agreements and Refinancing .................................................................... 14 7.4 Compliance with Lending Agreements ...................................................................................... 14 8. MINISTRY RESPONSIBILITIES ................................................................................................ 14 8.1 General ....................................................................................................................................... 14 8.2 Ministry Obligations: Permits, Licences and Approvals ........................................................... 15 9. PROJECT CO RESPONSIBILITIES ............................................................................................ 16 9.1 Other Business ........................................................................................................................... 16 9.2 General ....................................................................................................................................... 16 9.3 Project Co Parties ....................................................................................................................... 16 9.4 Project Co Obligations: Permits, Licences and Approvals ........................................................ 17 9.5 Safety and Security .................................................................................................................... 17 9.6 Protest and Trespass ................................................................................................................... 18 Confidential Page i The Regina Bypass Project Project Agreement Execution Version 9.7 Additional Works and Third Party Works ................................................................................. 20 9.8 Additional Lands ........................................................................................................................ 20 9.9 Maintenance Facilities ............................................................................................................... 20 9.10 Environmental Matters ............................................................................................................... 21 9.11 First Nations and Métis Procurement and Employment Opportunities ..................................... 21 10. REPRESENTATIVES ................................................................................................................... 22 10.1 The Ministry Representative ...................................................................................................... 22 10.2 The Project Co Representative ................................................................................................... 22 10.3 Communications to Representatives .......................................................................................... 23 10.4 Key Individuals .......................................................................................................................... 23 11. WORKS COMMITTEE ................................................................................................................ 24 11.1 Establishment ............................................................................................................................. 24 11.2 Function and Role ...................................................................................................................... 24 11.3 Term of Works Committee ........................................................................................................ 25 11.4 Replacement of Committee Members ........................................................................................ 25 11.5 Procedures and Practices ............................................................................................................ 26 12. BYPASS MANAGEMENT COMMITTEE .................................................................................. 27 12.1 Establishment ............................................................................................................................. 27 12.2 Function and Role ...................................................................................................................... 27 12.3 Replacement of Committee Members ........................................................................................ 28 12.4 Procedures and Practices ............................................................................................................ 28 13. INTEGRATED MANAGEMENT SYSTEM ................................................................................ 29 14. LICENCE ....................................................................................................................................... 29 14.1 Licence to Lands ........................................................................................................................ 29 14.2 Non-exclusive Licence/Development of Lands ......................................................................... 30 14.3 Naming and Signage .................................................................................................................. 31 14.4 No Interest in Land .................................................................................................................... 31 14.5 Non-Disturbance Agreement ..................................................................................................... 31 15. ENCUMBRANCES ....................................................................................................................... 31 15.1 Encumbrances ............................................................................................................................ 31 15.2 No Site Encumbrances ............................................................................................................... 32 16. SITE CONDITION .......................................................................................................................
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