That's a transcript of both parts. Part 1 ends with Voyager being dragged along as the Borg Cube races away from the planetary explosion caused by the 8472 bio-ships.
Yeah Yanks, that transcript you provided merged both episodes together. I watched it a month back and have seen it several times over the years.
Janeway is on the cube at this point but they haven't negotiated an agreement. One of the terms was them use Seven as a representative as opposed to the Borg neural implants. Seven was said representative.