CHUBB GROUP OF INSURANCE COMPANIES. Know All Men By These Presents,

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1 CHUBB GROUP OF INSURANCE COMPANIES Surely Department, 15 Mountain View Road, P.O. Box 1615, Warren, NJ Phone: Facsimile: Bond No FEDERAL insurance COMPANY LICENSE OR PERMIT BOND DEFINITE TERM Bond Amount $350, Know All Men By These Presents, Thatwe, Direct Energy Services, LLC, 12 Greenway Plaza, Suite 250, Houston, Texas (hereinafter called the principal), as Principal, and the FEDERAL INSURANCE COMPANY, Warren, New Jersey a corporation duly organized under the laws of the State of Indiana, (hereinafter called the Surety), as Surety, are held and firmly bound unto New Hampshire Public Utilities Commission, 21 S. Fruit St., Suite 10, Concord, NH (hereinafter called the Obligee), in the amount of Three Hundred Fifty Thousand and NO/i 00 ($350, ), for the payment of which we, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the above bounden Principal has made application to the Obligee for a license or permit as Electrical Residential License for the term beginning 07/09/2015 and ending 12/09/2020 in accordance with the rules and ordinances of said Obligee pertaining to same. NOW, ThEREFORE, ThE CONDITION OF THIS OBLIGATION IS SUCH, that if the Principal shall faithfully observe, keep and obey all laws and ordinances of said Obligee relating to the said license or permit now in force, or any amendments thereto and shall save, indemnify and keep harmless, the Obligee against all liabilities, judgments, costs and expenses, which may accrue against said Principal in consequence of the granting of such license or permit and will in all things, strictly comply with the conditions of the license or permit, then this obligation to be void, otherwise to remain in full force and effect. Signed, Sealed and Dated this July 9, 2015 Direct E ices, LLC. By: F PERALINSU ECOMP / act Mary Ann Garcia Form (Rev. 1-00)

2 Chubb POWER OF Federal Insurance Company Vigilant Insurance Company Attn: Surety Department 15 MountaIn View Road A Surety ATTORNEY Pacific Indemnity Company Warren, NJ Know All by These Presents, That FEDERAL INSURANCE COMPANY, an Indiana corporation, VIGILANT INSURANCE COMPANY, a New York corporation, and PACIFIC INDEMNITY COMPANY, a Wisconsin corporation, do each hereby constitute and appoint David Alan Castillo, Judy M. Dold, Mary Ann Garcia, Mark I-I. Hilliard, Jo Ann Parker, Cynthia A. Peters and Iarry H. Senkel of Houston,Texas each as their true and lawful Attorney- in- Fact to execute under such designation in their names and to affix their corporate seats to and deliver for and on their behalf as surety thereon or otherwise, bonds and undertakings and other writings obligatory in the nature thereof (other than bail bonds) given or executed in the course of business, and any instruments amending or altering the same, and consents to the modification or alteration of any instrument referred to in said bonds or obligations. In Witness Wirereof, said FEDERAL INSURANCE COMPA4Y, ViGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY have each executed and attested these presents and affixed their corporate seals on this 1 5 day of September, Dawn M. Chioros, Assistant Secretary STATE OF NEW JERSEY County of Somerset ss. On this 15th day of September, 2014 before me, a Notary Public of New Jersey, personally came Dawn M. Chloros, to me known to be Assistant Secretary of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY, the companies which executed the foregoing Power of Attorney, and the said Dawn M. Chloros, being by me duly sworn, did depose and say that she is Assistant Secretary of FEDERAL INSURANCE COMPANY. VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY and knows the corporate seals thereof, that the seats affixed to the foregoing Power of Attorney are such corporate seals and were thereto affixed by authority of the By- Laws of said Companies; and that she signed said Power of Attorney as Assistant Secretary of said Companies by like authonty; and that she is auatnted with David B. Norris, Jr., and knows him 10 be Vice President of said Companies; arid that the signature of David B. Norris, Jr., subscribed to said Power of Attorney is in the genuine handwriting of David B. Norris. Jr.. and was thereto subscribed by authority of said By- Laws and in deponent s presence. Notadal Seal NOTARY PUBUC OF NN JERSEY, Commission Notary Public Extract from the By- Laws 0f FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY: AII powers of attorney for and on behalf of the Company may and shall be executed in the name and on behalf of the Company, either by the Chairman or the President or a Vice President or an Assistant Vice President, jointly with the Secretary or an Assistant Secretary, under their respective designations. The signature of such officers may be engraved, printed or lithographed. The signature of each of the following officers: Chairman, President, any Vice President, any Assistant Vice President, any Secretary, any Assistant Secretary and the seal of the Company may be affixed by facstmile to any power of attorney or to any cerlificale relating thereto appointing Assistant Secretaries or Attorneys. in- Fact for purposes only of executing and attesting bends and undertakings and other wntlngs obligatory in the nature thereof, and any such power of attorney or certificate bearing such facsimile signature or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by such facsimile signature and facsimile seal shall be valid and binding upon the Company with respect to any bond or undertaktng to which it is attached. 1, Dawn M. Chloros, Assistant Secretary of FEDERAL INSURANCE COMPANY, V1GILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY (the Companies ) do hereby certify that (i) (ii) (iii) the foregoing extract of the By- Laws of the Companies is true and correct, the Companies are duly licensed and authorized to transact surety business in all 50 of the United States of America and the District of Columbia and are authorized by the U.S. Treasury Department; further, Federal and Vigilant are licensed in the U.S. Virgin Islands, and Federal is licensed in American Samoa, Guam, Puerto Rico, and each of the Provinces of Canada except Prince Edward Island; and the foregoing Power of Attorney is tn.ie, correct and in full force and effect. Given under my hand and seals of said Companies at Warren, NJ this 9th day of July, Dawn M. Chloros, Assistant Secretary IN THE EVENT YOU WISI-l TO NOTiFy us OF A CLAIM, VERIFY ThE AUThENTICITY OF THIS BOND OR NOTIFY US OF ANY OTHER MATTER. PLEASE CONTACT US AT ADDRESS L LISTED ABOVE. OR BY Telephone (908) OB) surety( ciseb.com Form U GEM CONSENT (rev )

3 I Bond No UCENSE OR PERMIT BOND THE BOND REPLACES AND SUPERSEDES WESTERN SURETY COMPANY S BOND NO KNOWALLBYTHESEPRESENTS,Thatwe Direct Energy Business Marketing. LLC 12 Greenway Plaza Suite 250, Houston, Texas hereinaftcrrefcrredtonstheprinctpataiid Federal lnsurapce Company a corporation orranlzed and existingunder the laws ofthc State of Indiana and authorizeti to do biuluesa in the State or New Hampshire,as Surety, are held and finuly bound unto New Hampshire Public Utilities Commission hereinaftorreferrcdtoasobligee,inthesurnof Three Hpndred Fifty Thousand Dollars and 00/100 IawM money of the United States of Am&ca, to the payment of which mm, well and truly to be made, we bind ounah cs, our executors, adminisators. succcssors, and assigns, finuly by these presents. THE CONThTION OF THIS OBLIGATION IS SUCH. That whereas, the Principal has made application ror a license or pemiit to the Obligee for the purpose ot or to exercise the vocatioe of Electric Power Supplier NOW, THEREFORE, it the Principal shall faithmly comply with all ordinances, tides and regulations which hive been or may hereafter be in force concerning said License or Permit. aud shall save and keep harmless the Obligee from all loss or damage which it may sustain or for which it may become liable on account of the Issuance ofsaid license or permit to the Principal, then this obligation shall be void; otherwise, to remain in flail force and effect. TBISBC)NTJflLEXPUtEMay31, but may be continued by continuation certificate sigued by Principal and Surety. The surety may at any time tenninate its liability by giving thirty (30) days written notice to the Obliges, and the Surely shall riot be liable for any dethtill after such thirty day notice period1 except for defaults occurring prior thereto. SIGNED,1SEALEDANDDAThDthIs 12th dayof August 2015 Direct E ;r. Business Marketing, LLC 1 Federal insurance Company Surety Larry enkel, Attorney-In-Fact Attorney-rn-Fact

4 POWER Federal Insurance Company Attrt: Surety Department 4 Chubb Surety ATTORNEY OF Vigilant Pacific Indemnity Insurance Company Warren, 15 Mountain NJ View Road Know All by These Presents, That FEDERAL INSURANCE COMPANY, an Indiana corporation, ViGILANT INSURANCE COMPANY, a New York corporation, and PACIFIC INDEMNITY COMPANY, a Wisconsin corporation, do each hereby constitute and appoint David Alan CastiIIo, Judy M. DoId, Mary Ann Garcia, Mark H. Hilliard, Jo Ann Parker, Cynthia A. Peters, Larry H. Senkel arid Laura E. Sudduth of Houston, Texas each as their true and lawful Attorney- in- Fact to execute under such designation in their names and to affix their corporate seals to and deliver for and on their behalf as surety thereon or otherwise, bonds and undertakings and other writings obligatory in the nature Thereof (other than bail bonds) given or executed in the course of business, and any instruments amending or altering the same, and consents to the modification or alteration of any instrument referred to in said bonds or obligations. In Witness Whereof, said FEDERAL INSURANCE COMPA4Y, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY have each executed these presents and affixed their corporate seals on this 10 day of February, (Jui.Chloros, Assistant Secretary STATE OF NEW JERSEY County of Somerset On this 10th day of February, 2015 before me, a Notary Public of New Jersey, personally came Dawn M. Chloros, to me known to be Assistant Secretary of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY, the companies which executed the foregoing Power of Attorney, and the said Dawn M. Chloros, being by me duly sworn, did depose and say that she is Assistant Secretary of FEDERAL INSURANCE COMPANY. VIGILANT INSURANCE COMPANY, and PACIFiC INDEMNITY COMPANY and knows the corporate seals thereof, that the seals affixed to the foregoing Power of Attorney are such corporate seals and were thereto affixed by authority of the By- Laws of said Companies; and that she signed said Power of Attorney as Assistant Secretary of said Companies by like authority; and That she is acquainted with David B. Norris, Jr., and knows him to be Vice President of said Companies; and that the signature of David B. Nonis, Jr., subscribed to said Power of Attorney is in the genuine handwriting of David B. Norris, Jr., and was thereto subscribed by authority of said By- Laws and in deponent s presence. Nolarial Seal f/ Aa NOT 0 Commission Expfre July 16 Notary Public CERTIFICATION Extract from the By- Laws of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, and PACFIC INDEMNITY COMPANY: AIl powers of attorney for and on behalf of the Company may and shall be executed in the name and on behalf of the Company, either by the Chairman or the President or a Vice President or an Assistant Vice President, jointly with the Secretary or an Assistant Secretary, under their respective designations. The signature of such officers may be engraved, printed or lithographed. The signature of each of the following officers: Chairman President. any Vice President, any Assrstant Vice President, any Secretary, any Assistant Secretary and the seal of the Company may be affixed by facsimile to any power of attorney or to any certificate relating thereto appointing Assistant Secretaries or Attorneys- in- Fact for purposes only of executing and attesting bonds and undertakings and other writings obligatory in the nature thereof, and any such power of attorney or certificate bearing such facsimile signature or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by such facsimile signature and facsimile seal shall be valid and binding upon the Company with respect to any bond or undertaking to which it is attached. I. Dawn M. Chloros, Assistant Secretary of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY (the Companies ) do hereby certify that (I) (ii) (iii) the foregoing extract of the By- Laws of the Companies is true and correct, the Companies are duly licensed and authorized to transact surety business in all 50 of the United States of America and the District of Columbia and are authorized by the U.S. Treasury Department; further, Federal and Vigilant are licensed in the U.S. Virgin Islands, and Federal is licensed in Guam, Puerto Rico, and each of the Provinces of Canada except Prince Edward Island; and the foregoing Power of Attorney is true, correct and in full force and effect. Given under my hand and seals of said Companies at Warren, NJ this 12th day of August, cuj51cj\jjoi\ Dawn M. Chloros, Assistant Secretary IN THE EVENT YOU WISH TO NOTIFY US OF A CLAIM, VERIFY THE AUTHENTICITh OF THIS BOND OR NOTIFY US OF ANY OTHER MATTER, PLEASE CONTACT US AT ADDRESS LISTED ABOVE OR BY Telephone (908) Fax (908) SeIydubb.cxxn Foniil B-Ij GENCON5ENT(rev )

5 NOTARY ACKNOWLEDGMENT THE STATE OF TEXAS} COUNTY OF HARRIS } BEFORE ME, the undersigned authority, on this 12th day of August, 2015, personally appeared, Larry H. Senkel, Attorney-in-Fact of Federal Insurance Company, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that she executed the same for the purposes and consideration therein expressed, and in the capacity stated. GIVEN UNDER MY HAND and seal of o ; e this day of u.ust, / / p. r / _ iiij.1j1fliil1:. j (Notary Public Signat ) / Deborah Lusby Notary Public in and for the State of Texas. My Commission Expires: November 29, 2017

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