Document:

<PAGE>
                                                                     Exhibit 10d

                        INCENTIVE COMPENSATION AGREEMENT

      THIS AGREEMENT is made and entered into as of January 21, 2003, by and
between Central Illinois Light Company (the "Company") and Robert J. Sprowls
(the "Officer").

                                    RECITALS

      A. The Company is engaged in a highly regulated industry and provides,
through its subsidiaries, electrical and gas services to the public in the
central Illinois region;

      B. The Company is currently indirectly owned by The AES Corporation
("AES").

      C. AES must divest itself of its holdings in the Company and is doing so
by the sale of the Company's parent, CILCORP Inc. ("Parent").

      D. Employees of the Company owe a duty to shareholders to maximize value.

      E. Officer, President of the Company, plays a vital role in maximizing
such value and in connection with the sale of the Company has and will perform
vital functions in developing disclosure schedules in connection with a sale
agreement and various filings required by various regulatory acts, both state
and federal, and such rules and regulations hereunder.

      F. AES has now entered into a Stock Purchase Agreement dated as of April
28, 2002 (the "Stock Purchase Agreement") by and between AES and Ameren
Corporation ("Ameren").

      G. In order to award Officer for his performance in relation to the sale
and to provide further incentive to assist in a prompt closing at the maximum
value for the Company's shareholder, the Company hereby agrees to pay incentive
compensation as provided herein.

      Now, therefore, in consideration of the premises and the mutual promises
and covenants contained herein, the parties hereto agree as follows:
<PAGE>
      1.    DEFINITIONS

      In addition to the terms defined above, the following terms shall have the
meanings assigned herein.

      "Maximum Time Variable Bonus" shall have the meaning set forth in Section
3(b) hereof.

      "Maximum Variable Price Bonus" shall have the meaning set forth in Section
3(c) hereof.

      "Net Cash Price for Bonus Calculation" shall mean the Net Cash Price plus
Recovered Charges.

      "Net Cash Price" shall mean the amount in cash AES will receive as set
forth in Section 1.2 of the Stock Purchase Agreement plus income taxes paid by
Parent to AES from January 1, 2002 to the closing of the Stock Purchase
Agreement.

      "Recovered Charges" shall mean the charges set forth on Exhibit A to the
extent such charges reduced the Net Cash Price.

      "Target" for any month shall mean a Net Cash Price target for such month
as set forth on Schedule 1 hereto as item "net cash to AES." The Target is
determined as of the last day of the month so that if a closing occurs on the
last day of a month, the Target for that month appearing on Schedule 1 shall be
used. However, if a closing occurs in any day of the month prior to the last day
of such month, the Target for the previous month shall be deemed the Target.

      2.    DUTIES OF OFFICER.

      (a) In addition to Officer's duties as President in the day to day
management of the Company's business, Officer shall devote his efforts to the
successful completion of the sale contemplated by the Stock Purchase Agreement.
Such duties shall include, but not be limited to,

                                       2
<PAGE>
assistance in all required regulatory filings, all closing schedules and
supervision of all employees or consultants of the Company in preparing
schedules, conducting business pending the closing of the sale in accordance
with the terms of the Stock Purchase Agreement and assisting in the performance
of all additional agreements as required by the Stock Purchase Agreement.

      (b) In performing these duties, Officer shall (1) devote his best efforts
and entire time to advance the interest of the Company and to assist in its
sale; (ii) perform his duties to the best of his ability; and (iii) to perform
such other work as may be required by the Company, including without limitations
such work as may assist AES in the closing of the Stock Purchase Agreement.
Nothing in the paragraph shall be deemed to limit Officer from engaging in a
broad range of civic and charitable pursuits.

      3. INCENTIVE COMPENSATION. In addition to Officer's right to receive his
current base annual salary and other compensation previously agreed, Officer
shall receive as a result of this Agreement additional compensation (consisting
of all the bonuses set forth below and subject to Section 4 hereof) to reward
Officer for achieving certain goals in connection with the sale contemplated by
the Stock Purchase Agreement. This Agreement supplements all previous
understandings and agreements between the Company and Officer and provides for
compensation in addition to such other compensation and shall not be deemed as a
substitute or replacement therefor. Notwithstanding the foregoing, however,
Officer agrees that the terms of this Agreement supercede any and all other
prior negotiations, understandings or agreements concerning any bonus to be paid
as a result of the sale of the Parent by AES, and also Officer agrees that this
Agreement is in lieu of any other discretionary bonus for the fiscal year 2002

                                       3
<PAGE>
only. This Agreement represents the final agreement between the Company and
Officer concerning such bonuses and may not be contradicted by evidence of prior
agreements.

      (a) Fixed Sale Bonus. If the sale of stock as set forth in the Stock
Purchase Agreement occurs, the Company shall pay Officer One Hundred Ten
Thousand ($110,000) Dollars.

      (b) Bonus Tied to Closing Date. If the closing of the Stock Purchase
Agreement occurs on or before January 31, 2003, the Company shall pay to Officer
100% of the Maximum Time Variable Bonus. The Maximum Time Variable Bonus is
Eighty-eight Thousand Five Hundred ($88,500) Dollars. If the closing shall not
occur on or before January 31, 2003, the Maximum Time Variable Bonus shall be
reduced by $14,750 on the first of each month thereafter so that the bonus
earned hereunder if a closing occurs in February would be $73,750, for a closing
in March, $59,000, April $44,250, May $29,500, June $14,750 and nothing for any
closing occurring after July 1, 2003.

      (c) Bonus Tied to Net Cash Price. Immediately prior to closing, the
Company shall calculate the Net Cash Price for Bonus Calculation. If the Net
Cash Price for Bonus Calculation exceeds the applicable Target for the closing
date by $15 million (the "Maximum"), then the Company shall pay Officer the
Maximum Variable Price Bonus. The Maximum Variable Price Bonus is equal to Two
Hundred Six Thousand Five Hundred ($206,500) Dollars. If the Net Cash Price for
Bonus Calculation is less than an amount equal to the applicable Target less $15
million (the "Base") no bonus shall be paid. If the Net Cash Price for Bonus
Calculation is an amount between the Maximum and the Base, the bonus paid
hereunder shall be a percentage of the Maximum Variable Price Bonus determined
by the following formula:

      Net Cash Price for Bonus Calculation - Base X Maximum Variable Price Bonus
      -------------------------------------------
                 30,000,000

                                       4
<PAGE>
      4. CONDITION TO PAYMENT. Incentive compensation provided hereunder will be
paid only upon the following conditions.

            (a) Fixed Sale Bonus. The Fixed Sale Bonus shall be payable to
      Officer or to his estate when the closing of the Stock Purchase Agreement
      has occurred provided prior to such date the Officer has not voluntarily
      left the Company's employment.

            (b) Bonus Tied to Closing Date and Bonus Tied to Net Cash Price. The
      bonuses set forth in Section 3(b) and 3(c) shall not be payable if the
      Officer voluntarily leaves the Company's employment or is terminated for
      cause prior to the closing of the Stock Purchase Agreement. For purposes
      hereof, "cause" shall consist of only the following: indictment or other
      holding over for a felony, commission of fraud, gross malfeasance or
      improper conduct resulting in substantial injury to the interests of the
      Company. In the event that Officer has not actively worked full-time up to
      and through the date of the closing due to death or disability, the
      Company shall calculate a percentage of the bonuses set forth in Section
      3(b) and 3(c) to be paid as follows: The Company shall determine what
      percentage of time during the 12 months preceding the closing date of the
      Stock Purchase Agreement that the Officer was actively employed. Officer
      or his estate shall be entitled to receive that percentage of such bonuses
      as would otherwise be due if Officer was actively employed for the full
      twelve months. Notwithstanding the foregoing, if the Company terminates
      Officer's employment without cause, the Company shall pay the full amount
      of the bonuses set forth in Section 3(b) and 3(c) at the time of payment
      set forth in paragraph 5 hereof.

            5. TIME OF PAYMENT. The incentive compensation provided herein shall
      be paid as follows:

                                       5
<PAGE>
      (a) Fixed Sale Bonus and Bonus Tied to Closing Date. On the date of the
closing of the Stock Purchase Agreement, the Company shall pay to the Officer,
the Fixed Sale Bonus and the Bonus Tied to Closing Date, adjusted as required by
paragraph 4 hereof.

      (b) Bonus Tied to Net Cash Price. On the Closing Date of the Stock
Purchase Agreement, the Company shall calculate an estimated Net Cash Price for
Bonus Calculation subject to adjustment as provided herein. Except as set forth
herein, the Company shall pay 50% of the bonus set forth in Section 3(c) (after
any adjustment required by Section 4 hereof) based upon such Net Cash Price for
Bonus Calculation. When the Final Purchase Price, as defined in the Stock
Purchase Agreement, is determined in accordance with the Stock Purchase
Agreement, the Company shall recalculate the Net Cash Price for Bonus
Calculation. Any remaining bonuses due Officer as the result of such
recalculation shall be paid Officer at such time. If, however, such calculation
produces a bonus less than what was already paid Officer, the Officer shall
reimburse the Company for such overpayment.

      Officer acknowledges that payment of the Bonus Tied to Net Cash Price on
the Closing Date of the Stock Purchase Agreement is merely an advance on such
bonus and a provisional payment. The advance made is not final compensation on
such bonus. To the extent any such advance is an overpayment, the Officer must
repay such amount in full within 60 days after notice from the Company of the
overpayment. If the Officer fails to make such payment, the Company shall have
all remedies available at law for collection of such debt.

      6. AGREEMENT NON-ASSIGNABLE. Officer may not assign, pledge or otherwise
transfer any benefits of this Agreement, but the benefits of this Agreement
shall inure to Officer's heirs.

                                       6
<PAGE>
      7. NOTICES. Any notice required or desired to be given under the Agreement
shall be deemed given if in writing and sent by first class mail to the Officer
or the Company at the addresses as set forth below or to such other address of
which either the Officer or the Company shall notify the other in writing.

                             Address of the Company

                               300 Liberty Street
                             Peoria, Illinois 61602

                               Address of Officer

                              433 N. Sagewood Drive
                             Peoria, Illinois 61604

      8. WAIVER OF BREACH. The waiver of either party hereto of a breach or
condition of any provision of this Agreement shall not operate or be construed
as a waiver of any subsequent breach or condition by either the Company or the
Officer.

      9. GOVERNING LAW. This Agreement is made in Illinois and shall be governed
by the laws of the State of Illinois without regard for its principles for
conflicts of laws.

      10. AMENDMENTS. Any provision of this Agreement may be amended only by a
written agreement executed by the Company and Officer.

      11. BONUSES NOT TO BE ANNUAL COMPENSATION UNDER RETENTION AGREEMENT.
Solely for purposes of determining whether Officer has terminated employment for
good reason pursuant to Section 2.2 of a Retention Agreement (Energy Delivery
Business Unit) dated October 16, 2001 (the "Retention Agreement") bonuses set
forth herein shall not be deemed Annual Compensation as defined in the Retention
Agreement. The maximum amounts payable hereunder shall not be deemed targets for
incentive compensation as described in Section 2.2 of the Retention Agreement.
If bonuses herein are the only bonuses established for Officer for the

                                       7
<PAGE>
fiscal year of the sale utilizing targets, then Annual Compensation shall be
determined as of the year 2000 as set forth in the Retention Agreement.

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the day
and year set forth above.

                                                  /s/Robert J. Sprowls

                                                  Robert J. Sprowls
                                                  Officer

                                                  /s/Leonard M. Lee

                                                  Leonard M. Lee
                                                  Central Illinois Light Company

                                       8

<PAGE>
                                                                     Exhibit 10d

                        INCENTIVE COMPENSATION AGREEMENT

      THIS AGREEMENT is made and entered into as of January 21, 2003, by and
between Central Illinois Light Company (the "Company") and Scott A. Cisel (the
"Officer").

                                    RECITALS

      A. The Company is engaged in a highly regulated industry and provides,
through its subsidiaries, electrical and gas services to the public in the
central Illinois region;

      B. The Company is currently indirectly owned by The AES Corporation
("AES").

      C. AES must divest itself of its holdings in the Company and is doing so
by the sale of the Company's parent, CILCORP Inc. ("Parent").

      D. Employees of the Company owe a duty to shareholders to maximize value.

      E. Officer, Senior Vice President of the Company, plays a vital role in
maximizing such value and in connection with the sale of the Company has and
will perform vital functions in developing disclosure schedules in connection
with a sale agreement and various filings required by various regulatory acts,
both state and federal, and such rules and regulations hereunder.

      F. AES has now entered into a Stock Purchase Agreement dated as of April
28, 2002 (the "Stock Purchase Agreement") by and between AES and Ameren
Corporation ("Ameren").

      G. In order to award Officer for his performance in relation to the sale
and to provide further incentive to assist in a prompt closing at the maximum
value for the Company's shareholder, the Company hereby agrees to pay incentive
compensation as provided herein.

      Now, therefore, in consideration of the premises and the mutual promises
and covenants contained herein, the parties hereto agree as follows:
<PAGE>
1.    DEFINITIONS

      In addition to the terms defined above, the following terms shall have the
meanings assigned herein.

      "Maximum Time Variable Bonus" shall have the meaning set forth in Section
3(b) hereof.

      "Maximum Variable Price Bonus" shall have the meaning set forth in Section
3(c) hereof.

      "Net Cash Price for Bonus Calculation" shall mean the Net Cash Price plus
Recovered Charges.

      "Net Cash Price" shall mean the amount in cash AES will receive as set
forth in Section 1.2 of the Stock Purchase Agreement plus income taxes paid by
Parent to AES from January 1, 2002 to the closing of the Stock Purchase
Agreement.

      "Recovered Charges" shall mean the charges set forth on Exhibit A to the
extent such charges reduced the Net Cash Price.

      "Target" for any month shall mean a Net Cash Price target for such month
as set forth on Schedule 1 hereto as item "net cash to AES." The Target is
determined as of the last day of the month so that if a closing occurs on the
last day of a month, the Target for that month appearing on Schedule 1 shall be
used. However, if a closing occurs in any day of the month prior to the last day
of such month, the Target for the previous month shall be deemed the Target.

2.    DUTIES OF OFFICER.

      (a) In addition to Officer's duties as Senior Vice President in the day to
day management of the Company's business, Officer shall devote his efforts to
the successful completion of the sale contemplated by the Stock Purchase
Agreement. Such duties shall

                                       2
<PAGE>
include, but not be limited to, assistance in all required regulatory filings,
all closing schedules and supervision of all employees or consultants of the
Company in preparing schedules, conducting business pending the closing of the
sale in accordance with the terms of the Stock Purchase Agreement and assisting
in the performance of all additional agreements as required by the Stock
Purchase Agreement.

      (b) In performing these duties, Officer shall (1) devote his best efforts
and entire time to advance the interest of the Company and to assist in its
sale; (ii) perform his duties to the best of his ability; and (iii) to perform
such other work as may be required by the Company, including without limitations
such work as may assist AES in the closing of the Stock Purchase Agreement.
Nothing in the paragraph shall be deemed to limit Officer from engaging in a
broad range of civic and charitable pursuits.

      3. INCENTIVE COMPENSATION. In addition to Officer's right to receive his
current base annual salary and other compensation previously agreed, Officer
shall receive as a result of this Agreement additional compensation (consisting
of all the bonuses set forth below and subject to Section 4 hereof) to reward
Officer for achieving certain goals in connection with the sale contemplated by
the Stock Purchase Agreement. This Agreement supplements all previous
understandings and agreements between the Company and Officer and provides for
compensation in addition to such other compensation and shall not be deemed as a
substitute or replacement therefor. Notwithstanding the foregoing, however,
Officer agrees that the terms of this Agreement supercede any and all other
prior negotiations, understandings or agreements concerning any bonus to be paid
as a result of the sale of the Parent by AES, and also Officer agrees that this
Agreement is in lieu of any other discretionary bonus for the fiscal year 2002

                                       3
<PAGE>
only. This Agreement represents the final agreement between the Company and
Officer concerning such bonuses and may not be contradicted by evidence of prior
agreements.

      (a) Fixed Sale Bonus. If the sale of stock as set forth in the Stock
Purchase Agreement occurs, the Company shall pay Officer Seventy Thousand
($70,000) Dollars.

      (b) Bonus Tied to Closing Date. If the closing of the Stock Purchase
Agreement occurs on or before January 31, 2003, the Company shall pay to Officer
100% of the Maximum Time Variable Bonus. The Maximum Time Variable Bonus is One
Hundred Twenty Thousand ($120,000) Dollars. If the closing shall not occur on or
before January 31, 2003, the Maximum Time Variable Bonus shall be reduced by
$20,000 on the first of each month thereafter so that the bonus earned hereunder
if a closing occurs in February would be $100,000, for a closing in March,
$80,000, April $60,000, May $40,000, June $20,000 and nothing for any closing
occurring after July 1, 2003.

      (c) Bonus Tied to Net Cash Price. Immediately prior to closing, the
Company shall calculate the Net Cash Price for Bonus Calculation. If the Net
Cash Price for Bonus Calculation exceeds the applicable Target for the closing
date by $15 million (the "Maximum"), then the Company shall pay Officer the
Maximum Variable Price Bonus. The Maximum Variable Price Bonus is equal to One
Hundred Twenty Thousand ($120,000) Dollars. If the Net Cash Price for Bonus
Calculation is less than an amount equal to the applicable Target less $15
million (the "Base") no bonus shall be paid. If the Net Cash Price for Bonus
Calculation is an amount between the Maximum and the Base, the bonus paid
hereunder shall be a percentage of the Maximum Variable Price Bonus determined
by the following formula:

   Net Cash Price for Bonus Calculation - Base  X  Maximum Variable Price Bonus
   -------------------------------------------
                30,000,000

                                       4
<PAGE>
      4. CONDITION TO PAYMENT. Incentive compensation provided hereunder will be
paid only upon the following conditions.

            (a) Fixed Sale Bonus. The Fixed Sale Bonus shall be payable to
      Officer or to his estate when the closing of the Stock Purchase Agreement
      has occurred provided prior to such date the Officer has not voluntarily
      left the Company's employment.

            (b) Bonus Tied to Closing Date and Bonus Tied to Net Cash Price. The
      bonuses set forth in Section 3(b) and 3(c) shall not be payable if the
      Officer voluntarily leaves the Company's employment or is terminated for
      cause prior to the closing of the Stock Purchase Agreement. For purposes
      hereof, "cause" shall consist of only the following: indictment or other
      holding over for a felony, commission of fraud, gross malfeasance or
      improper conduct resulting in substantial injury to the interests of the
      Company. In the event that Officer has not actively worked full-time up to
      and through the date of the closing due to death or disability, the
      Company shall calculate a percentage of the bonuses set forth in Section
      3(b) and 3(c) to be paid as follows: The Company shall determine what
      percentage of time during the 12 months preceding the closing date of the
      Stock Purchase Agreement that the Officer was actively employed. Officer
      or his estate shall be entitled to receive that percentage of such bonuses
      as would otherwise be due if Officer was actively employed for the full
      twelve months. Notwithstanding the foregoing, if the Company terminates
      Officer's employment without cause, the Company shall pay the full amount
      of the bonuses set forth in Section 3(b) and 3(c) at the time of payment
      set forth in paragraph 5 hereof.

      5. TIME OF PAYMENT. The incentive compensation provided herein shall be
paid as follows:

                                       5
<PAGE>
      (a) Fixed Sale Bonus and Bonus Tied to Closing Date. On the date of the
closing of the Stock Purchase Agreement, the Company shall pay to the Officer,
the Fixed Sale Bonus and the Bonus Tied to Closing Date, adjusted as required by
paragraph 4 hereof.

      (b) Bonus Tied to Net Cash Price. On the Closing Date of the Stock
Purchase Agreement, the Company shall calculate an estimated Net Cash Price for
Bonus Calculation subject to adjustment as provided herein. Except as set forth
herein, the Company shall pay 50% of the bonus set forth in Section 3(c) (after
any adjustment required by Section 4 hereof) based upon such Net Cash Price for
Bonus Calculation. When the Final Purchase Price, as defined in the Stock
Purchase Agreement, is determined in accordance with the Stock Purchase
Agreement, the Company shall recalculate the Net Cash Price for Bonus
Calculation. Any remaining bonuses due Officer as the result of such
recalculation shall be paid Officer at such time. If, however, such calculation
produces a bonus less than what was already paid Officer, the Officer shall
reimburse the Company for such overpayment.

      Officer acknowledges that payment of the Bonus Tied to Net Cash Price on
the Closing Date of the Stock Purchase Agreement is merely an advance on such
bonus and a provisional payment. The advance made is not final compensation on
such bonus. To the extent any such advance is an overpayment, the Officer must
repay such amount in full within 60 days after notice from the Company of the
overpayment. If the Officer fails to make such payment, the Company shall have
all remedies available at law for collection of such debt.

      6. AGREEMENT NON-ASSIGNABLE. Officer may not assign, pledge or otherwise
transfer any benefits of this Agreement, but the benefits of this Agreement
shall inure to Officer's heirs.

                                       6
<PAGE>
      7. NOTICES. Any notice required or desired to be given under the Agreement
shall be deemed given if in writing and sent by first class mail to the Officer
or the Company at the addresses as set forth below or to such other address of
which either the Officer or the Company shall notify the other in writing.

                                          Address of the Company
                                            300 Liberty Street
                                          Peoria, Illinois 61602

                                            Address of Officer
                                            222 Southgate Drive

                                          Elmwood, Illinois 61529

      8. WAIVER OF BREACH. The waiver of either party hereto of a breach or
condition of any provision of this Agreement shall not operate or be construed
as a waiver of any subsequent breach or condition by either the Company or the
Officer.

      9. GOVERNING LAW. This Agreement is made in Illinois and shall be governed
by the laws of the State of Illinois without regard for its principles for
conflicts of laws.

      10. AMENDMENTS. Any provision of this Agreement may be amended only by a
written agreement executed by the Company and Officer.

      11. BONUSES NOT TO BE ANNUAL COMPENSATION UNDER RETENTION AGREEMENT.
Solely for purposes of determining whether Officer has terminated employment for
good reason pursuant to Section 2.2 of a Retention Agreement (Sales and
Marketing Business Unit) dated October 16, 2001 (the "Retention Agreement")
bonuses set forth herein shall not be deemed Annual Compensation as defined in
the Retention Agreement. The maximum amounts payable hereunder shall not be
deemed targets for incentive compensation as described in Section 2.2 of the
Retention Agreement. If bonuses herein are the only bonuses established for
Officer for the

                                       7
<PAGE>
fiscal year of the sale utilizing targets, then Annual Compensation shall be
determined as of the year 2000 as set forth in the Retention Agreement.

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the day
and year set forth above.

                                                 /s/Scott A. Cisel
                                                 -----------------
                                                 Scott A. Cisel
                                                 Officer

                                                 /s/Leonard M. Lee
                                                 ------------------
                                                 Leonard M. Lee
                                                 Central Illinois Light Company

                                       8
<PAGE>
                                                                     Exhibit 10d

                        INCENTIVE COMPENSATION AGREEMENT

      THIS AGREEMENT is made and entered into as of January 21, 2003, by and
between Central Illinois Light Company (the "Company") and James L. Luckey, III
(the "Officer").

                                    RECITALS

      A. The Company is engaged in a highly regulated industry and provides,
through its subsidiaries, electrical and gas services to the public in the
central Illinois region;

      B. The Company is currently indirectly owned by The AES Corporation
("AES").

      C. AES must divest itself of its holdings in the Company and is doing so
by the sale of the Company's parent, CILCORP Inc. ("Parent").

      D. Employees of the Company owe a duty to shareholders to maximize value.

      E. Officer, Vice President of the Company, plays a vital role in
maximizing such value and in connection with the sale of the Company has and
will perform vital functions in developing disclosure schedules in connection
with a sale agreement and various filings required by various regulatory acts,
both state and federal, and such rules and regulations hereunder.

      F. AES has now entered into a Stock Purchase Agreement dated as of April
28, 2002 (the "Stock Purchase Agreement") by and between AES and Ameren
Corporation ("Ameren").

      G. In order to award Officer for his performance in relation to the sale
and to provide further incentive to assist in a prompt closing at the maximum
value for the Company's shareholder, the Company hereby agrees to pay incentive
compensation as provided herein.

      Now, therefore, in consideration of the premises and the mutual promises
and covenants contained herein, the parties hereto agree as follows:
<PAGE>
1.    DEFINITIONS

      In addition to the terms defined above, the following terms shall have the
meanings assigned herein.

      "Maximum Time Variable Bonus" shall have the meaning set forth in Section
3(b) hereof.

      "Maximum Variable Price Bonus" shall have the meaning set forth in Section
3(c) hereof.

      "Net Cash Price for Bonus Calculation" shall mean the Net Cash Price plus
Recovered Charges.

      "Net Cash Price" shall mean the amount in cash AES will receive as set
forth in Section 1.2 of the Stock Purchase Agreement plus income taxes paid by
Parent to AES from January 1, 2002 to the closing of the Stock Purchase
Agreement.

      "Recovered Charges" shall mean the charges set forth on Exhibit A to the
extent such charges reduced the Net Cash Price.

      "Target" for any month shall mean a Net Cash Price target for such month
as set forth on Schedule 1 hereto as item "net cash to AES." The Target is
determined as of the last day of the month so that if a closing occurs on the
last day of a month, the Target for that month appearing on Schedule 1 shall be
used. However, if a closing occurs in any day of the month prior to the last day
of such month, the Target for the previous month shall be deemed the Target.

2.    DUTIES OF OFFICER.

      (a) In addition to Officer's duties as Vice President in the day to day
management of the Company's business, Officer shall devote his efforts to the
successful completion of the sale contemplated by the Stock Purchase Agreement.
Such duties shall include, but not be limited to,

                                       2
<PAGE>
assistance in all required regulatory filings, all closing schedules and
supervision of all employees or consultants of the Company in preparing
schedules, conducting business pending the closing of the sale in accordance
with the terms of the Stock Purchase Agreement and assisting in the performance
of all additional agreements as required by the Stock Purchase Agreement.

      (b) In performing these duties, Officer shall (1) devote his best efforts
and entire time to advance the interest of the Company and to assist in its
sale; (ii) perform his duties to the best of his ability; and (iii) to perform
such other work as may be required by the Company, including without limitations
such work as may assist AES in the closing of the Stock Purchase Agreement.
Nothing in the paragraph shall be deemed to limit Officer from engaging in a
broad range of civic and charitable pursuits.

      3. INCENTIVE COMPENSATION. In addition to Officer's right to receive his
current base annual salary and other compensation previously agreed, Officer
shall receive as a result of this Agreement additional compensation (consisting
of all the bonuses set forth below and subject to Section 4 hereof) to reward
Officer for achieving certain goals in connection with the sale contemplated by
the Stock Purchase Agreement. This Agreement supplements all previous
understandings and agreements between the Company and Officer and provides for
compensation in addition to such other compensation and shall not be deemed as a
substitute or replacement therefor. Notwithstanding the foregoing, however,
Officer agrees that the terms of this Agreement supercede any and all other
prior negotiations, understandings or agreements concerning any bonus to be paid
as a result of the sale of the Parent by AES, and also Officer agrees that this
Agreement is in lieu of any other discretionary bonus for the fiscal year 2002

                                       3
<PAGE>
only. This Agreement represents the final agreement between the Company and
Officer concerning such bonuses and may not be contradicted by evidence of prior
agreements.

      (a) Fixed Sale Bonus. If the sale of stock as set forth in the Stock
Purchase Agreement occurs, the Company shall pay Officer Ninety Thousand
($90,000) Dollars.

      (b) Bonus Tied to Closing Date. If the closing of the Stock Purchase
Agreement occurs on or before January 31, 2003, the Company shall pay to Officer
100% of the Maximum Time Variable Bonus. The Maximum Time Variable Bonus is
Sixty-five Thousand ($65,000) Dollars. If the closing shall not occur on or
before January 31, 2003, the Maximum Time Variable Bonus shall be reduced by
$10,833.33 on the first of each month thereafter so that the bonus earned
hereunder if a closing occurs in February would be $54,166.67, for a closing in
March, $43,333.34, April $32,500.00, May $21,666.68, June $10,833.35 and nothing
for any closing occurring after July 1, 2003.

      (c) Bonus Tied to Net Cash Price. Immediately prior to closing, the
Company shall calculate the Net Cash Price for Bonus Calculation. If the Net
Cash Price for Bonus Calculation exceeds the applicable Target for the closing
date by $15 million (the "Maximum"), then the Company shall pay Officer the
Maximum Variable Price Bonus. The Maximum Variable Price Bonus is equal to Two
Hundred Sixty Thousand ($260,000) Dollars. If the Net Cash Price for Bonus
Calculation is less than an amount equal to the applicable Target less $15
million (the "Base") no bonus shall be paid. If the Net Cash Price for Bonus
Calculation is an amount between the Maximum and the Base, the bonus paid
hereunder shall be a percentage of the Maximum Variable Price Bonus determined
by the following formula:

   Net Cash Price for Bonus Calculation - Base X Maximum Variable Price Bonus
   -------------------------------------------
                  30,000,000

                                       4
<PAGE>
      4. CONDITION TO PAYMENT. Incentive compensation provided hereunder will be
paid only upon the following conditions.

            (a) Fixed Sale Bonus. The Fixed Sale Bonus shall be payable to
      Officer or to his estate when the closing of the Stock Purchase Agreement
      has occurred provided prior to such date the Officer has not voluntarily
      left the Company's employment.

            (b) Bonus Tied to Closing Date and Bonus Tied to Net Cash Price. The
      bonuses set forth in Section 3(b) and 3(c) shall not be payable if the
      Officer voluntarily leaves the Company's employment or is terminated for
      cause prior to the closing of the Stock Purchase Agreement. For purposes
      hereof, "cause" shall consist of only the following: indictment or other
      holding over for a felony, commission of fraud, gross malfeasance or
      improper conduct resulting in substantial injury to the interests of the
      Company. In the event that Officer has not actively worked full-time up to
      and through the date of the closing due to death or disability, the
      Company shall calculate a percentage of the bonuses set forth in Section
      3(b) and 3(c) to be paid as follows: The Company shall determine what
      percentage of time during the 12 months preceding the closing date of the
      Stock Purchase Agreement that the Officer was actively employed. Officer
      or his estate shall be entitled to receive that percentage of such bonuses
      as would otherwise be due if Officer was actively employed for the full
      twelve months. Notwithstanding the foregoing, if the Company terminates
      Officer's employment without cause, the Company shall pay the full amount
      of the bonuses set forth in Section 3(b) and 3(c) at the time of payment
      set forth in paragraph 5 hereof.

      5. TIME OF PAYMENT. The incentive compensation provided herein shall be
paid as follows:

                                       5
<PAGE>
      (a) Fixed Sale Bonus and Bonus Tied to Closing Date. On the date of the
closing of the Stock Purchase Agreement, the Company shall pay to the Officer,
the Fixed Sale Bonus and the Bonus Tied to Closing Date, adjusted as required by
paragraph 4 hereof.

      (b) Bonus Tied to Net Cash Price. On the Closing Date of the Stock
Purchase Agreement, the Company shall calculate an estimated Net Cash Price for
Bonus Calculation subject to adjustment as provided herein. Except as set forth
herein, the Company shall pay 50% of the bonus set forth in Section 3(c) (after
any adjustment required by Section 4 hereof) based upon such Net Cash Price for
Bonus Calculation. When the Final Purchase Price, as defined in the Stock
Purchase Agreement, is determined in accordance with the Stock Purchase
Agreement, the Company shall recalculate the Net Cash Price for Bonus
Calculation. Any remaining bonuses due Officer as the result of such
recalculation shall be paid Officer at such time. If, however, such calculation
produces a bonus less than what was already paid Officer, the Officer shall
reimburse the Company for such overpayment.

      Officer acknowledges that payment of the Bonus Tied to Net Cash Price on
the Closing Date of the Stock Purchase Agreement is merely an advance on such
bonus and a provisional payment. The advance made is not final compensation on
such bonus. To the extent any such advance is an overpayment, the Officer must
repay such amount in full within 60 days after notice from the Company of the
overpayment. If the Officer fails to make such payment, the Company shall have
all remedies available at law for collection of such debt.

      6. AGREEMENT NON-ASSIGNABLE. Officer may not assign, pledge or otherwise
transfer any benefits of this Agreement, but the benefits of this Agreement
shall inure to Officer's heirs.

                                       6
<PAGE>
      7. NOTICES. Any notice required or desired to be given under the Agreement
shall be deemed given if in writing and sent by first class mail to the Officer
or the Company at the addresses as set forth below or to such other address of
which either the Officer or the Company shall notify the other in writing.

                                             Address of the Company
                                               300 Liberty Street

                                             Peoria, Illinois 61602

                                               Address of Officer

                                            3343 West Lexington Court
                                             Peoria, Illinois 61615

      8. WAIVER OF BREACH. The waiver of either party hereto of a breach or
condition of any provision of this Agreement shall not operate or be construed
as a waiver of any subsequent breach or condition by either the Company or the
Officer.

      9. GOVERNING LAW. This Agreement is made in Illinois and shall be governed
by the laws of the State of Illinois without regard for its principles for
conflicts of laws.

      10. AMENDMENTS. Any provision of this Agreement may be amended only by a
written agreement executed by the Company and Officer.

      11. BONUSES NOT TO BE ANNUAL COMPENSATION UNDER RETENTION AGREEMENT.
Solely for purposes of determining whether Officer has terminated employment for
good reason pursuant to Section 2.2 of a Retention Agreement (Duck Creek
Business Unit) dated March 1, 2002 (the "Retention Agreement") bonuses set forth
herein shall not be deemed Annual Compensation as defined in the Retention
Agreement. The maximum amounts payable hereunder shall not be deemed targets for
incentive compensation as described in Section 2.2 of the Retention Agreement.
If bonuses herein are the only bonuses established for Officer for the

                                       7
<PAGE>
fiscal year of the sale utilizing targets, then Annual Compensation shall be
determined as of the year 2000 as set forth in the Retention Agreement.

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the day
and year set forth above.

                                               /s/James L. Luckey, III
                                               -----------------------
                                               James L. Luckey, III
                                               Officer

                                               /s/Leonard M. Lee
                                               -----------------
                                               Leonard M. Lee
                                               Central Illinois Light Company

                                       8
<PAGE>

                                                                     Exhibit 10d

                        INCENTIVE COMPENSATION AGREEMENT

      THIS AGREEMENT is made and entered into as of January 21, 2003, by and
between Central Illinois Light Company (the "Company") and Thomas S. Romanowski
(the "Officer").

                                    RECITALS

      A. The Company is engaged in a highly regulated industry and provides,
through its subsidiaries, electrical and gas services to the public in the
central Illinois region;

      B. The Company is currently indirectly owned by The AES Corporation
("AES").

      C. AES must divest itself of its holdings in the Company and is doing so
by the sale of the Company's parent, CILCORP Inc. ("Parent").

      D. Employees of the Company owe a duty to shareholders to maximize value.

      E. Officer, Chief Financial Officer of the Company, plays a vital role in
maximizing such value and in connection with the sale of the Company has and
will perform vital functions in developing disclosure schedules in connection
with a sale agreement and various filings required by various regulatory acts,
both state and federal, and such rules and regulations hereunder.

      F. AES has now entered into a Stock Purchase Agreement dated as of April
28, 2002 (the "Stock Purchase Agreement") by and between AES and Ameren
Corporation ("Ameren").

      G. In order to award Officer for his performance in relation to the sale
and to provide further incentive to assist in a prompt closing at the maximum
value for the Company's shareholder, the Company hereby agrees to pay incentive
compensation as provided herein.

      Now, therefore, in consideration of the premises and the mutual promises
and covenants contained herein, the parties hereto agree as follows:
<PAGE>
1.    DEFINITIONS

      In addition to the terms defined above, the following terms shall have the
meanings assigned herein.

      "Maximum Time Variable Bonus" shall have the meaning set forth in Section
3(b) hereof.

      "Maximum Variable Price Bonus" shall have the meaning set forth in Section
3(c) hereof.

      "Net Cash Price for Bonus Calculation" shall mean the Net Cash Price plus
Recovered Charges.

      "Net Cash Price" shall mean the amount in cash AES will receive as set
forth in Section 1.2 of the Stock Purchase Agreement plus income taxes paid by
Parent to AES from January 1, 2002 to the closing of the Stock Purchase
Agreement.

      "Recovered Charges" shall mean the charges set forth on Exhibit A to the
extent such charges reduced the Net Cash Price.

      "Target" for any month shall mean a Net Cash Price target for such month
as set forth on Schedule 1 hereto as item "net cash to AES." The Target is
determined as of the last day of the month so that if a closing occurs on the
last day of a month, the Target for that month appearing on Schedule 1 shall be
used. However, if a closing occurs in any day of the month prior to the last day
of such month, the Target for the previous month shall be deemed the Target.

2.    DUTIES OF OFFICER.

      (a) In addition to Officer's duties as Chief Financial Officer in the day
to day management of the Company's business, Officer shall devote his efforts to
the successful completion of the sale contemplated by the Stock Purchase
Agreement. Such duties shall

                                       2
<PAGE>
include, but not be limited to, assistance in all required regulatory filings,
all closing schedules and supervision, if applicable, of any employees or
consultants of the Company in preparing schedules, conducting business pending
the closing of the sale in accordance with the terms of the Stock Purchase
Agreement and assisting in the performance of all additional agreements as
required by the Stock Purchase Agreement.

      (b) In performing these duties, Officer shall (1) devote his best efforts
and entire time to advance the interest of the Company and to assist in its
sale; (ii) perform his duties to the best of his ability; and (iii) to perform
such other work as may be required by the Company, including without limitations
such work as may assist AES in the closing of the Stock Purchase Agreement.
Nothing in the paragraph shall be deemed to limit Officer from engaging in a
broad range of civic and charitable pursuits.

      3. INCENTIVE COMPENSATION. In addition to Officer's right to receive his
current base annual salary and other compensation previously agreed, Officer
shall receive as a result of this Agreement additional compensation (consisting
of all the bonuses set forth below and subject to Section 4 hereof) to reward
Officer for achieving certain goals in connection with the sale contemplated by
the Stock Purchase Agreement. This Agreement supplements all previous
understandings and agreements between the Company and Officer and provides for
compensation in addition to such other compensation and shall not be deemed as a
substitute or replacement therefor. Notwithstanding the foregoing, however,
Officer agrees that the terms of this Agreement supercede any and all other
prior negotiations, understandings or agreements concerning any bonus to be paid
as a result of the sale of the Parent by AES. This Agreement represents the
final agreement between the Company and Officer concerning such bonuses and may
not be contradicted by evidence of prior agreements.

                                       3
<PAGE>
      (a) Fixed Sale Bonus. If the sale of stock as set forth in the Stock
Purchase Agreement occurs, the Company shall pay Officer Five Thousand ($5,000)
Dollars.

      (b) Bonus Tied to Closing Date. If the closing of the Stock Purchase
Agreement occurs on or before January 31, 2003, the Company shall pay to Officer
100% of the Maximum Time Variable Bonus. The Maximum Time Variable Bonus is Ten
Thousand ($10,000) Dollars. If the closing shall not occur on or before January
31, 2003, the Maximum Time Variable Bonus shall be reduced by $1,666.67 on the
first of each month thereafter so that the bonus earned hereunder if a closing
occurs in February would be $8,333.33, for a closing in March, $6,666.66, April
$4,999.99, May $3,333.32, June $1,666.65 and nothing for any closing occurring
after July 1, 2003.

      (c) Bonus Tied to Net Cash Price. Immediately prior to closing, the
Company shall calculate the Net Cash Price for Bonus Calculation. If the Net
Cash Price for Bonus Calculation exceeds the applicable Target for the closing
date by $15 million (the "Maximum"), then the Company shall pay Officer the
Maximum Variable Price Bonus. The Maximum Variable Price Bonus is equal to Forty
Thousand ($40,000) Dollars. If the Net Cash Price for Bonus Calculation is less
than an amount equal to the applicable Target less $15 million (the "Base") no
bonus shall be paid. If the Net Cash Price for Bonus Calculation is an amount
between the Maximum and the Base, the bonus paid hereunder shall be a percentage
of the Maximum Variable Price Bonus determined by the following formula:

   Net Cash Price for Bonus Calculation - Base X Maximum Variable Price Bonus
   -------------------------------------------
                  30,000,000

      4. CONDITION TO PAYMENT. Incentive compensation provided hereunder will be
paid only upon the following conditions.

                                       4
<PAGE>
            (a) Fixed Sale Bonus. The Fixed Sale Bonus shall be payable to
      Officer or to his estate when the closing of the Stock Purchase Agreement
      has occurred provided prior to such date the Officer has not voluntarily
      left the Company's employment.

            (b) Bonus Tied to Closing Date and Bonus Tied to Net Cash Price. The
      bonuses set forth in Section 3(b) and 3(c) shall not be payable if the
      Officer voluntarily leaves the Company's employment or is terminated for
      cause prior to the closing of the Stock Purchase Agreement. For purposes
      hereof, "cause" shall consist of only the following: indictment or other
      holding over for a felony, commission of fraud, gross malfeasance or
      improper conduct resulting in substantial injury to the interests of the
      Company. In the event that Officer has not actively worked full-time up to
      and through the date of the closing due to death or disability, the
      Company shall calculate a percentage of the bonuses set forth in Section
      3(b) and 3(c) to be paid as follows: The Company shall determine what
      percentage of time during the 12 months preceding the closing date of the
      Stock Purchase Agreement that the Officer was actively employed. Officer
      or his estate shall be entitled to receive that percentage of such bonuses
      as would otherwise be due if Officer was actively employed for the full
      twelve months. Notwithstanding the foregoing, if the Company terminates
      Officer's employment without cause, the Company shall pay the full amount
      of the bonuses set forth in Section 3(b) and 3(c) at the time of payment
      set forth in paragraph 5 hereof.

      5. TIME OF PAYMENT. The incentive compensation provided herein shall be
paid as follows:

                                       5
<PAGE>
      (a) Fixed Sale Bonus and Bonus Tied to Closing Date. On the date of the
closing of the Stock Purchase Agreement, the Company shall pay to the Officer,
the Fixed Sale Bonus and the Bonus Tied to Closing Date, adjusted as required by
paragraph 4 hereof.

      (b) Bonus Tied to Net Cash Price. On the Closing Date of the Stock
Purchase Agreement, the Company shall calculate an estimated Net Cash Price for
Bonus Calculation subject to adjustment as provided herein. Except as set forth
herein, the Company shall pay 50% of the bonus set forth in Section 3(c) (after
any adjustment required by Section 4 hereof) based upon such Net Cash Price for
Bonus Calculation. When the Final Purchase Price, as defined in the Stock
Purchase Agreement, is determined in accordance with the Stock Purchase
Agreement, the Company shall recalculate the Net Cash Price for Bonus
Calculation. Any remaining bonuses due Officer as the result of such
recalculation shall be paid Officer at such time. If, however, such calculation
produces a bonus less than what was already paid Officer, the Officer shall
reimburse the Company for such overpayment.

      Officer acknowledges that payment of the Bonus Tied to Net Cash Price on
the Closing Date of the Stock Purchase Agreement is merely an advance on such
bonus and a provisional payment. The advance made is not final compensation on
such bonus. To the extent any such advance is an overpayment, the Officer must
repay such amount in full within 60 days after notice from the Company of the
overpayment. If the Officer fails to make such payment, the Company shall have
all remedies available at law for collection of such debt.

      6. AGREEMENT NON-ASSIGNABLE. Officer may not assign, pledge or otherwise
transfer any benefits of this Agreement, but the benefits of this Agreement
shall inure to Officer's heirs.

                                       6
<PAGE>
      7. NOTICES. Any notice required or desired to be given under the Agreement
shall be deemed given if in writing and sent by first class mail to the Officer
or the Company at the addresses as set forth below or to such other address of
which either the Officer or the Company shall notify the other in writing.

                                                Address of the Company
                                                  300 Liberty Street
                                                Peoria, Illinois 61602

                                                  Address of Officer
                                               6215 N. English Oak Court
                                                Peoria, Illinois 61615

      8. WAIVER OF BREACH. The waiver of either party hereto of a breach or
condition of any provision of this Agreement shall not operate or be construed
as a waiver of any subsequent breach or condition by either the Company or the
Officer.

      9. GOVERNING LAW. This Agreement is made in Illinois and shall be governed
by the laws of the State of Illinois without regard for its principles for
conflicts of laws.

      10. AMENDMENTS. Any provision of this Agreement may be amended only by a
written agreement executed by the Company and Officer.

      11. BONUSES NOT TO BE ANNUAL COMPENSATION UNDER RETENTION AGREEMENT.
Solely for purposes of determining whether Officer has terminated employment for
good reason pursuant to Section 2.2 of a Retention Agreement (Energy Delivery
Business Unit) dated February 1, 2002 (the "Retention Agreement") bonuses set
forth herein shall not be deemed Annual Compensation as defined in the Retention
Agreement. The maximum amounts payable hereunder shall not be deemed targets for
incentive compensation as described in Section 2.2 of the Retention Agreement.
If bonuses herein are the only bonuses established for Officer for the

                                       7
<PAGE>
fiscal year of the sale utilizing targets, then Annual Compensation shall be
determined as of the year 2000 as set forth in the Retention Agreement.

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the day
and year set forth above.

                                                 /s/Thomas S. Romanowski
                                                 -----------------------
                                                 Thomas S. Romanowski
                                                 Officer

                                                 /s/Leonard M. Lee
                                                 -----------------
                                                 Leonard M. Lee
                                                 Central Illinois Light Company

                                       8<PAGE>
                                                                     EXHIBIT 4.3

                                    AGREEMENT

         This Agreement ("Agreement") is entered into by and among Availent
Financial, Inc., a Delaware Corporation with its principal places of business
located at 2720 Stemmons Freeway, South Tower, Suite 600, Dallas, Texas 75207,
the surviving corporation resulting from a merger between Availent Financial,
Inc., ("Availent Financial") a Texas Corporation, and SeaCrest Industries, Inc.
("Seacrest"), a Delaware Corporation which was finalized on December 4, 2002,
("Availent"), Michelle Krajicek McGeeney ("M. McGeeney"), Patrick A. McGeeney
("P. McGeeney") (collectively, "McGeeneys") and Bergstrom Investment Management,
L.L.C. ("Bergstrom"); a Delaware Limited Liability Company whose address is 714
Roger Avenue, Kenilworth, IL 60043 as follows:

RECITALS:

         WHEREAS, Availent Financial, Availent and Bergstrom have heretofore
entered into certain loan agreements and amendments to such loan agreements
pursuant to which Bergstrom has lent to Availent Financial or Availent the sum
of One Million Three Hundred Fifty Five Thousand Dollars ($1,355,000); and,

         WHEREAS, in consideration for such loans by Bergstrom and the renewal
and extension of such loans, Avalient has delivered to Bergstrom certain
promissory notes and renewal and extension promissory notes ("Bergstrom Notes")
which Notes are held by Bergstrom and are more specifically described on EXHIBIT
"A" attached hereto and incorporated herein for all purposes and, in addition to
payment of certain interest, commitment fees, extension fees, attorneys fees and
travel expenses, and other charges and expense related to the Bergstrom Notes
Availent further agreed to issue and has issued, certain shares of Availent's
common stock and has issued warrants for Bergstrom to purchase additional shares
of Availent's common stock at certain prices as described on EXHIBIT "B"
attached hereto; and,

         WHEREAS, as collateral to secure repayment of the Renewal And Extension
Promissory Note dated December 27, 2002, described on EXHIBIT "A" in the
principal amount of Five Hundred Thousand and No/100 Dollars ($500,000.00),
pursuant to the provisions of a Limited Guaranty dated February 26, 2002, M.
McGeeney granted Bergstrom a Collateral Assignment in a certain Annuity issued
by Sun America, Sun America Annuity Contract No. P15A1021155 ("Sun America");
and,

         WHEREAS, as collateral to secure repayment of the Renewal And Extension
Promissory Note dated December 27, 2002, described on, EXHIBIT "A" in the
principal amount of Seventy-Five Thousand and No/100 Dollars ($75,000.00),
Availent as provided Bergstrom a security interest in Availent's bank account
with First Union / Wachovia ("Bank") pursuant to the terms of an agreement
regarding checking account dated November 4, 2002; and,

         WHEREAS, as collateral to secure repayment of the Renewal, Extension
And Modified

AGREEMENT -  PAGE 1                                                            1
<PAGE>

Promissory Note dated December 27, 2002, described on EXHIBIT "A" in the
principal amount of Seven Hundred Eighty Thousand and No/100 Dollars
($780,000.00), pursuant to the provisions of Limited Guaranty Agreements dated
December 27, 2002, M. McGeeney and P. McGeeney granted Bergstrom a Second Lien
against real property located at 320 Kearney Avenue, Santa Fe, New Mexico 87501
("New Mexico Property"); and

         WHEREAS, the Promissory Notes described on EXHIBIT "A" mature on April
30, 2003, but Availent has the legal right to renew and extend the Promissory
Notes through prepayment of interest on such date; and,

         WHEREAS, Availent has an obligation to another lender or investor,
Bobby Lutz ("Lutz") in the original amount of Three Hundred Seventy Five and
No/100 Dollars ($375,000); and,

         WHEREAS, Availent is in the process of registering certain shares of
its common stock with the Securities And Exchange Commission ("S.E.C.") for
sale to the public ("SB-2 Registration") and has become listed with the National
Association of Securities Dealers ("NASD"); and,

         WHEREAS, Availent is in need of additional financing with which to
provide working capital prior to the receipt of proceeds from a SB-2
Registration and public offering of its shares of stock;

         WHEREAS, pursuant to the terms of this Agreement, as set forth below,
Bergstrom has agreed to provide Availent an additional principal amount of
$300,000.

         Now therefore, in consideration of the promises, covenants and
considerations hereinafter expressed, the parties hereto agree as follows:

         1. RENEWAL AND EXTENSION PROMISSORY NOTE: $500,000. All parties agree
that immediately following the execution of this Agreement by all parties,
Bergstrom shall have the right to make demand for payment of the Sun America
Annuity pursuant to the provisions of the Collateral Assignment of which
Bergstrom is the holder and assignee. Upon receipt of the proceeds there from,
such amount shall be immediately applied in payment of all amounts owed pursuant
to the terms of the Renewal And Extension Promissory Note dated December 27,
2002, in the principal amount of Five Hundred Thousand and No/100 Dollars
($500,000.00) described on EXHIBIT "A". Any balance of the proceeds from the Sun
America Annuity remaining after application of the proceeds in payment of the
amounts owed on the said Note (including without limitation, principal,
interest, and attorney's fees) and after payment of any other fees or charges
(but not principal or interest) owed to Bergstrom on the $780,000 or $75,000
Notes shall be immediately paid to M. McGeeney along with, a written accounting
of the proceeds received and the application of such proceeds. In the event the
proceeds of the Sun America Annuity are insufficient to liquidate and pay the
outstanding balance of all amounts owed pursuant to the terms of said Note,
Bergstrom agrees that such Note shall be renewed, modified and extended

AGREEMENT  - PAGE 2                                                            2
<PAGE>

upon such reasonable terms as may be negotiated by Availent and Bergstrom.
Simultaneous herewith, McGeeney and P. McGeeney shall deliver to Bergstrom a
letter addressed to Sun America authorizing Bergstrom to immediately draw all
proceeds from the account. They also agree to execute any additional
documentation required by Sun America to effectuate such release of proceeds to
Bergstrom.

         2. RENEWAL AND EXTENSION PROMISSORY NOTE: $780,000; RENEWAL AND
EXTENSION PROMISSORY NOTE: $75,000. Bergstrom agrees to renew and extend the
Renewal And Extension Promissory Note in the principal amount of Seven Hundred
Eighty Thousand and No/100 Dollars ($780,000) and renew and extent the Renewal
and Extension Promissory Note in the principal amount of Seventy Five Thousand
and No/100 Dollars ($75,000) through accepting Renewal, Modified and Extension
Promissory Notes ("$855,000 Notes") (copies of which are attached), provided
that Availent shall hereby be released from personal corporate liability for
payment of such Notes through executing a Release of any liability by Availent
on such $855,000 Notes. In consideration of such renewal, modification and
extension, the parties agree as follows:

                  [a] Availent agrees to issue 1,700,000 shares of its Common
Stock ("Common Shares") to a mutually agreeable Escrow Agent [who must have or
establish an escrow account with a mutually acceptable brokerage firm] who shall
hold such shares as collateral to secure repayment of the $855,000 Notes.
Bergstrom agrees to convey or assign, in trust for its benefit pending
payment of the $780,000 Note and subject to subsection (h) below to the Escrow
Agent the Second Lien covering the New Mexico property which Bergstrom holds as
collateral to secure payment of the $780,000 promissory note.;

                  [b] Availent agrees to include the Common Shares held in
escrow within the anticipated SB-2 with the proceeds of the sale of such shares
to be paid to the Escrow Agent. Upon receipt of the proceeds of such sale, the
Escrow Agent, pursuant to the terms of this Agreement and the Escrow Agreement
entered into of even date herewith shall be instructed to pay to Bergstrom all
principal, interest and other charges that have accrued as of the date of the
payment on the $855,000 Notes;

                  [c] Upon payment of the amounts owed on the $855,000 Notes,
the balance of the proceeds, if any, after deducting any escrow fees or other
expenses relating to the expenses of the transactions covered by the Escrow
Agreement, shall be paid to Availent;

                  [d] Additionally, upon payment of the amounts owed Bergstrom
on the $855,000 Notes, the Escrow Agent shall transfer or assign to Availent the
Second Lien covering the New Mexico Property;

                  [e] M. McGeeney and P. McGeeney agree to convey, subject to
the outstanding balance of the first lien mortgage, title and ownership of the
New Mexico Property to Availent at such time as the Escrow Agent pays to
Bergstrom the amounts owed on the $855,000 Notes and transfers or assigns the
Second Lien to Availent.

AGREEMENT - PAGE 3                                                             3
<PAGE>

                  [f] Availent agrees from the date hereof to timely pay the
monthly payments required by an owner of the New Mexico Property, including but
not necessarily limited to the monthly mortgage payment, insurance, taxes,
maintenance and other costs or expenses associated with ownership, as well as
any additional ownership, as well as any additional title insurance or
endorsements deemed by Bergstrom to be reasonably necessary. Further, the
parties agree to execute ownership, as well as any additional title insurance or
endorsements deemed by Bergstrom to be reasonably necessary. Further, the
parties agree to execute any additional documentation deemed by Bergstrom to be
reasonably necessary to perfect or evidence perfection of its lien thereon:

                  [g] Subject to subsection (h) below, Availent further agrees
that McGeeneys shall have an option to repurchase the New Mexico Property which
shall continue for a period of 120 days following McGeeneys' piggy back
registration of the 500,000 Shares of Availent Common Stock referred to in
Paragraph 3 below or December 31, 2003, whichever shall last occur. The option
price shall be an amount equivalent to the total amount paid to Bergstrom of
$855,000 plus legal, plus interest, plus loan fees and accepting conveyance of
the said Property from Availent subject to the first lien mortgage and other
exceptions to the title that exists as of the date the title and ownership of
the said Property is conveyed by M. McGeeney and P. McGeeney.

                  [h] In the event Availent Common Shares referred to in (a)
above are not sold pursuant to a SB-2 offering or the $855,000 Notes are not
otherwise paid prior to the 30th day of September, 2003, the Escrow Agreement
shall terminate, the Availent Common Shares shall be returned to Availent and
the Second Lien covering the New Mexico Property shall be re-conveyed and
re-assigned to Bergstrom, M. McGeeney and P. McGeeney shall not be required to
convey title and ownership of the said Property to Availent and the option to
repurchase shall terminate.

                  [i] Although Bergstrom agrees to release Availent from any
further corporate liability with regard to the obligations arising out of the
$855,000 Notes, to the extent that M. McGeeney and/or P. McGeeney have
personally guaranteed payment of the $500,000, $780,000 or $75,000 Notes, such
guaranties shall not be terminated but shall continue and apply as well to the
$855,000 Notes, notwithstanding the release of Availent and modification of the
said notes to eliminate any corporate liability of Availent for payment of any
amounts owed pursuant to the terms of said Notes.

         3. ISSUANCE TO MCGEENEY OF AVAILENT COMMON STOCK. In consideration for
the transfer of the Sun America Annuity to Bergstrom and the agreement to
transfer to Availent ownership of the New Mexico Property, Availent agrees to
issue to McGeeney 1,000,000 Shares of Availent Common Stock which shall be
restricted shares pursuant in the provisions of Rule 144 and shall not be among
the Availent shares of Common Stock included in the anticipated SB-2
Registration; however, Availent agrees that McGeeneys shall have "piggyback"
registration rights attached to 500,000 shares of such stock to enable McGeeneys
to cause the shares subject

AGREEMENT-PAGE 4                                                               4
<PAGE>

to such rights to be included in any subsequent registration of Availent's
Common Stock, including a SB-3 Registration pursuant to a demand for
registration by Bergstrom of Shares of Availent Common Stock purchased through
Availent Common Stock Warrants as provided in Paragraph 6 below.

         4. REGISTRATION OF BERGSTROM'S SHARES OF AVAILENT COMMON STOCK.
Availent agrees that all 856,000 of the shares of Availent Common Stock owned
by Bergstrom as of the date hereof shall be included in the anticipated SB-2;

         5. PRIORITY OF PAYMENTS FROM PROCEEDS OF SB-2. Availent agrees that,
with the following exception, no shares of Availent's Common Stock included in
the anticipated SB-2 may be sold by any person or entity other than Bergstrom
and another investor, Bobby Lutz, until all the financial obligations then owed
to Bergstrom as a result of his loans to Availent shall have been paid in full,
including the $855,000 Notes which are being modified as of the date hereof to
eliminate any further corporate liability by Availent. Notwithstanding the
foregoing and as an exception to the foregoing, whether or not the financial
obligations owed Bergstrom as a result of his loans to Availent have been paid
in full, Availent shall be entitled to sell at the beginning of each month
following the SB-2 Registration of shares of Availent Common Stock included in
the Registration which have a fair market value at that time of $200,000, which
shares are necessarily available for sale to enhance the public market's
recognition of the value of Availent's Common Shares of Stock.

         6. DEMAND REGISTRATION OF AVAILENT COMMON SHARES OF STOCK. Availent
agrees to issue to Bergstrom the right to demand registration of 490,000 Shares
of Common Stock which Bergstrom shall be authorized to purchase pursuant in
Availent Common Stock Warrants. Additionally, McGeeneys shall have the right of
"piggy back" registration of 500,000 Shares of Availent Common Stock. Such
demands can be made at any time following the SB-2 Registration and Availent
shall utilize its "reasonable best commercial efforts" to comply with such
demands through filing such a registration statement (S-3) which the parties
agree way take 45 to 60 days from the date Availent receives such demand.

         7. BERGSTROM'S INVESTMENT. Subject to the conditions set forth below,
Bergstrom agrees to pay to Availent the sum of a maximum of $300,000 in
consideration of the benefits conveyed by the foregoing provisions of this
Agreement and the following considerations:

                  [a] Issuance to Bergstrom by Availent of 600,000 Shares of
Availent's Common Stock which Availent agrees to include in the anticipated SB-2
Registration;

                  [b] Issuance to Bergstrom of Availent Common Stock Warrants
authorizing Bergstrom to purchase 60,000 Shares of Availent Common Stock at any
time for a period of five (5) years from the date of the Warrants at a purchase
price of $1.00 per share with such Warrants containing substantially similar
terms and conditions as other Warrants heretofore issued to Bergstrom;

AGREEMENT-PAGE 5                                                               5
<PAGE>

                  [c] Availent's commitment that it will make good faith,
commercially reasonable efforts to obtain an additional investor or lender to
match Bergstrom's payment of $300,000 by no later than April 28, 3003, with the
first $100,000 of such matching funds to be made available to Availent by no
later than Friday, April 18, 2003, and the reaming $200,000 available by April
28, 2993; and

                  [d] Availent does hereby agree to repurchase Bergstrom's
600,000 (six hundred thousand) Common Shares for $0.67 per share, should, if and
when Availent collects any equity or debt financing over and above the $600,000
(six hundred thousand dollars) referred to in this Agreement. Availent agrees to
repurchase the aforesaid Common Shares in the amount of 50% (fifty percent) of
all cash debt and equity raised into Availent up to $402,000.

Bergstrom agrees to find $200,000 of such purchase price through a wire transfer
of such sum to an account of the law firm of Leggett & Clemons for immediate
release to Availent by no later than the end of the business day on Monday,
April 14, 2003, conditioned upon to following:

                  [a] Availent causing: A Public Relations Company, Inc.: David
L. Malina - 472,489 - #919; Consolidated American Energy Resources, Inc.:
Malina-472,489 - 9l7; Consolidated American Financial Services Group,
Inc.-472,489 - #918 Meadow Holdings Corp. - Darren Cioffi - 708,733 - #915; SOS
Resources Services, Inc. - Salvatore Russo - 708,733 - #916 to deposit
certificates representing 2,834,933 shares of Availent Common Stock with the
Escrow Agent described in Paragraph 2(a) above which shares shall be retained in
escrow as additional collateral to secure payment of the $855,000 Notes held by
Bergstrom. Availent shall include such shares among the shares to be included in
the anticipated SB-2 Registration. To the extent the $855,000 Notes are not paid
in full from the proceeds of the sale of the 1,700,000 Shares of Availent Common
Stock deposited with the Escrow Agent as described in Paragraph 2(a), the
proceeds of the sale of the shares pledged by Malina and Russo shall be utilized
for such purposes.

                  [b] Availent agreeing to disburse the $200,000 portion of the
Bergstrom investment to the payees and for the purposes described on EXHIBIT "C"
attached hereto and incorporated herein for all purposes;

                  [c] Availent's agreement to provide Bergstrom monthly
financial statements until the anticipated SB-2 becomes effective, with such
financial statements to be provided within a reasonable thee following the last
day of the month for which the financial statements are prepared. However, when
the SB-2 registration statement is deemed effective by the SEC, Availent will no
longer provide Bergstrom with financial statements

                  [d] Availent entering into a "Standstill Agreement" with Lutz
containing terms whereby Lutz agrees not to initiate litigation or file any
administrative or regulatory complaint against Availent or its officers, former
officers or Availent's agents or representatives for a period of three (3)
months.

AGREEMENT-PAGE 6                                                               6
<PAGE>

Bergstrom agrees to fund in a like manner the additional $100,000 portion of the
purchase price, if and only if, Availent has obtained funding from another
investor and/or lender in the amount of $100,000 and is continuing its good
faith, commercially reasonable efforts to obtain an additional equity
contribution or loan by no later than the end of the business day on Friday,
April 18, 2003.

THE SECOND $600,000 RAISED IN CASH EQUITY OR DEBT FINANCING OVER AND ABOVE THIS
$600,000 IS TO BE PAID BACK TO LUTZ AND BERGSTROM ON A PARI PASSU (50% EACH)
BASIS ON LUTZ'S $375,000 INVESTMENT AND BERGSTROM'S ADDITIONAL $300,000 EQUITY
INVESTMENT.

         8. BINDING EFFECT. This Agreement shall be binding upon and inure to
the benefit of the parties, their successors, assigns and/or affiliates.

         9. ARBITRATION; VENUE; JURISDICTION. The parties acknowledge and agree
that this Agreement is being entered into in Dallas County, Texas and that venue
over any disputes shall be in Dallas County, Texas and that the laws of the
State of Texas shall apply to the construction, interpretation, and/or
application of this Agreement. The parties agree that any disputes that may
arise concerning the construction, interpretation or application of this
Agreement which cannot be amicably resolved between the parties shall be
resolved through mandatory arbitration conducted by three arbitrators in
accordance with the rules and pursuant to the administration of the American
Arbitration Association. Such arbitration shall be conducted in Dallas County,
Texas and shall be final and binding upon the parties. Any party seeking to
reduce an award to a final judgment shall do so through initiating litigation in
a Dallas County Judicial District Court located in Dallas County, Texas.

         10. NOTICES. All notices required by this Agreement shall be effective
if provided in writing and mailed to the other party by certified mail, return
receipt requested to the following address or such other address as either party
may provide to the other party in writing in the manner required by this
paragraph:

                  A. IF TO BERGSTROM

                  Bergstrom Investment Management, L.L.C.
                  Mr. Kelley Bergstrom
                  President
                  714 Roger Ave.
                  Kenilworth, IL. 60043

                  B. IF TO AVAILENT

                  Mr. Patrick A. McGeeney
                  President
                  2720 Stemmons
                  Suite 600

AGREEMENT-PAGE 7
<PAGE>

                  Dallas, Texas 75207

                  C. IF TO M. MCGEENEY:

                  Ms. Michelle Krajicek McGeeney
                  2209 Allen Street
                  Dallas, Texas 75204

                  P. IF TO P. MCGEENEY:

                  Mr. Patrick A. McGeeney
                  2209 Allen Street
                  Dallas, Texas 75204

         11. RATIFICATION. Other than to the extent of the provisions contained
in this Agreement which conflict with the provisions of any Loan Agreements or
Amendments to Loan Agreements, heretofore entered into between the parties or
any of the documents, including, but not limited to, promissory notes and
amendments and modifications thereto and any common stock warrants, limited
guaranties and stock pledge agreements, the provisions of such documents are
hereby ratified and confirmed.

12. WAIVER. Except to the extent of the liabilities, obligations, and agreements
hereby contained or any prior liabilities, obligations, and agreements herein
intended (or implied) to be hereby ratified and carried forward, the parties
hereto, for themselves, their heirs, successors and assigns, do hereby waive,
release, and discharge each other, their heirs, successors and assigns and their
agents, employees, officers, directors, and attorneys (collectively, the
"Released Parties") from any and all duties, obligations, and liabilities
arising out of any prior transactions or events, or the acts, actions, or
omissions of the Released Parties in connection therewith, existing as of the
date hereof whether known or unknown, asserted or un-asserted, equitable or at
law, arising under or pursuant to common or statutory law, rules, or
regulations and agree that the foregoing waiver, release, and discharge
constitutes an inducement for each of the parties to enter into this Agreement.

         13. MULTIPLE COUNTERPARTS. This Agreement may be executed in multiple
counterparts, any of which shall be deemed an original.

                       THIS SPACE INTENTIONALLY LEFT BLANK

AGREEMENT-PAGE 8
<PAGE>

THIS AGREEMENT IS EXECUTED ON THE 14TH DAY OF APRIL , 2003.

                                BERGSTROM INVESTMENT MANAGEMENT, L.L.C.,
                                   A DELAWARE LIMITED LIABILITY COMPANY

                                   BY: /s/ KELLY A. BERGSTROM
                                       ----------------------------
                                           KELLY A. BERGSTROM
                                           PRESIDENT

                                   AVAILENT FINANCIAL, INC.,
                                   A DELAWARE CORPORATION

                                   BY: /s/ PATRICK A. MCGEENEY
                                       ----------------------------
                                           PATRICK A. MCGEENEY
                                           PRESIDENT

                                   AVAILENT MORTGAGE, INC.,
                                   A DELAWARE CORPORATION

                                   BY: /s/ MICHAEL BANES
                                       ----------------------------
                                           MICHAEL BANES
                                           PRESIDENT

                                   /s/ PATRICK A. MCGEENEY
                                   --------------------------------
                                       PATRICK A. MCGEENEY

                                   /s/ MICHELE KRAJICEK MCGEENEY
                                   --------------------------------
                                       MICHELE KRAJICEK MCGEENEY

AGREEMENT-PAGE 9

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