Document:

ex10_1-35.htm

    Exhibit
10.1.35

    

    

    September
10, 2003

    

    

    

    Mr.
Michael J. Chesser

    4 East
95th
Street

    New York,
NY 10128

    

    Dear
Mike:

    

    It is
with great pleasure that the Board of Directors of Great Plains Energy offers
you the position of Chairman and Chief Executive Officer of Great Plains
Energy.

    

    The base
salary for the position is $550,000 with an annual opportunity, under our
current

    Executive
Incentive Plan, to earn up to 60% of annual salary at target
performance.  A copy of the annual Incentive Plan is
enclosed.  In addition, under the long term incentive plan you will be
eligible in 2004 for performance shares of Great Plains Energy
stock.  At the end of the three year period, if the company’s total
shareholder return is at the 50% percentile (Edison Electric Institute
statistics), you will be eligible for stock equal to one year’s
salary.  At the 100th
percentile you are eligible for a stock payment of two times
salary.

    

    We are
hopeful that you will be able to join us by October 1, 2003. On joining Great
Plains Energy, we are very pleased to grant you a one time award of restricted
stock in an amount equivalent to twice salary, $1,100,000.00.  This
will vest 1⁄2 in two years, 1/3 in three years and 1/3 in four
years.  You will also be eligible for a $600 per month car allowance,
and other allowances for tax planning and Kansas City Club dues.  In
addition you would be eligible for our management pension plan, 401(k) savings
plan, supplemental retirement (SERP), deferred compensation plan, “change in
control” severance plan, and our flexible benefits “cafeteria”
plan.

    Copies of
the Change in Control and SERP agreements are enclosed.

    

    Great
Plains will pay all reasonable costs of your relocation to Kansas City from New
York including moving expenses and temporary living expenses.  While
your wife is in New York, we will cover plane fare for weekly trips back to New
York during your relocation period.  We prefer that you handle the
sale of your existing residence but in the event you are unable to consummate
the sale by 12/31/03, Great Plains would be willing to buy your house at a price
based on the average of three independent appraisals.

    

    This
offer is contingent upon your successfully passing a physical exam as well as a
background check.

    

    
      
        

      

    

    Great
Plains Energy

    September
10, 2003

    Page
2

    

    

    We are
excited about the future and look forward to welcoming you as Chief Executive
Officer.

    

    I will
call you early afternoon on Friday.  Please contact me at the
following numbers if you will not be available: 816-932-3707 (office) /
913-362-6070 (home).

    

    Best
regards.

    

    Sincerely,

    

    

    /s/
Robert H. West

    Robert H.
West

    

    
      

    

    September
16, 2003

    

    

    

    Mr.
Michael Chesser

    4 East
95th
Street

    New York,
New York 10128

    

    Dear
Mike:

    

    This
letter is a supplemental to my September 10 letter concerning the terms of your
employment as Chairman and Chief Executive Officer of Great Plains
Energy.

    

    We have
agreed on the following items:

    

    
      	
              ·  

            	
              If
      you are terminated without cause prior to age 63, you will be entitled to
      three times annual salary and bonus, consistent with the terms of the
      company’s Change-of Control Employment
  Agreement.

            

    

    After age
63 your termination benefit will be salary and bonus until age 65.

    

    
      	
              ·  

            	
              Your
      annual incentive bonus for 2003 will be paid at target or at the actual
      level of plan payout for 2003, whichever is greater, prorated for your
      three months service for that plan
year.

            

    

    

    
      	
              ·  

            	
              The
      one-time award of restricted stock with a value of $1.1 million will
      include the accruals of dividends, with dividends paid as vested
      performance shares are received by
you.

            

    

    

    
      	
              ·  

            	
              The
      special restricted stock award will vest fully in the event of a change in
      control, and vesting will be accelerated, pro rata, to the date of your
      termination without cause, or your death, should either of those events
      occur.

            

    

    

    
      	
              ·  

            	
              You
      will be credited with two years of service for every one year of service
      earned under the company’s pension plan.  Your pension benefit
      will vest in accordance with the provisions of the
  plan.

            

    

    

    
      	
              ·  

            	
              You
      will be entitled to four weeks
vacation.

            

    

    

    
      	
              ·  

            	
              Your
      relocation cost reimbursement will include the real estate agent’s
      commission in connection with the sale of your New York
      residence.

            

    

    

    Mike, I
believe this covers all the points of our discussions, but if there are
questions or other open issues needing clarification, please let me or Bill
Nelson know.

    

    Sincerely,

    

    

    /s/
Robert H. West

    Robert H.
Westex10_1-60.htm

    

    Exhibit
10.1.60

     

    AMENDMENT

     

    October
28, 2008

     

    Ms. Susan
Johnson

    Union
Bank of California, N.A.

    445 South
Figueroa Street, 15th
Floor

    Los
Angeles, CA 90071

    

    Dear
Susan:

    

    Reference
is made to the Financing Agreement, dated as of April 22, 2005 (as amended,
modified or supplemented as of the date hereof, the “Financing
Agreement”), among KCP&L Greater Missouri Operations Company
(formerly Aquila, Inc.) (the “Company”),
the banks named therein, and Union Bank of California, N.A., as Agent and as
Lender.  The Company submits this Letter Agreement to amend the
Financing Agreement as described below.  Capitalized terms used but
not defined herein have the meanings given to them in the Financing
Agreement.

     

    Section
1.     Background.

     

    Pursuant
to an Agreement and Plan of Merger dated as of February 6, 2007, by and among
Great Plains Energy Incorporated (“GPE”), the
Company, Black Hills Corporation (“Black
Hills”), and Gregory Acquisition Corp., the Company was acquired by GPE
on July 14, 2008.  As a condition to the effectiveness of certain
amendments to the Financing Agreement in connection with the acquisition, GPE
provided a Guaranty dated as of July 14, 2008 (the “Guaranty”),
to the benefit of the Lenders, guarantying the obligations of the Company under
the Financing Agreement.  The credit of GPE now supports the
obligations of the Company under the Financing Agreement.  On October
17, 2008, the name of Aquila, Inc. was changed to KCP&L Greater Missouri
Operations Company.

     

    Section
2.     Request for Amendment.

     

    The
Financing Agreement provides for periodic furnishing of Company financial
statements.  As the Guaranty results in GPE’s credit supporting the
Company’s obligations, the Company believes that, so long as the Guaranty
remains in full force and effect, the furnishing of GPE’s financial statements
in lieu of the Company’s financial statements would satisfy the intent and
purpose of these particular reporting provisions.  The Company hereby
requests that the Required Lenders consent to the following:

     

    (a)        amend
the introductory paragraph of Section 7.6 and Sections 7.6(a) and (b) of the
Financing Agreement to read as follows:

     

    

      
        

      

    

    2

    “7.6                Reporting Requirements of
the Company. Until the later of the Commitment Termination Date and the
payment and satisfaction of all Obligations hereunder, the Company will, unless
the Agent otherwise consents in writing, furnish to the Agent (and the Agent
shall promptly disseminate to the Lenders):

     

    (a)  as
soon as available and in any event within 60 days after the end of each of the
first three quarters of each fiscal year of the Company, consolidated balance
sheets of the Company and its consolidated subsidiaries as of the end of such
quarter, and consolidated statements of income and retained earnings of the
Company and its consolidated subsidiaries, each for the period commencing at the
end of the previous fiscal year and ending with the end of such quarter,
certified by the chief financial officer, chief accounting officer or treasurer
of the Company, provided that (i) filing of the Company's quarterly report on
Form 10-Q with the Securities and Exchange Commission (“SEC”), or (ii) if the
Company is not required to make the filing referred to in clause (i) above, for
so long as that certain Guaranty dated as of July 14, 2008 between Great Plains
Energy Incorporated (“Parent”) and the Agent to the benefit of the Lenders, as
may be supplemented, amended or renewed (“Guaranty”) remains in full force and
effect, filing of Parent’s quarterly report on Form 10-Q with the SEC will
satisfy the foregoing requirement;

     

    (b) as
soon as available and in any event within 120 days after the end of each fiscal
year of the Company, a copy of the consolidated balance sheets of the Company
and its consolidated subsidiaries as of the end of such year and the related
consolidated statements of income and retained earnings of the Company and its
consolidated subsidiaries for such year, each reported on by nationally
recognized independent public accountants, provided, that (i) filing of the
Company's annual report on Form 10-K with the SEC, or (ii) if the Company is not
required to make the filing referred to in clause (i) above, for so long as the
Guaranty remains in full force and effect, filing of Parent’s annual report on
Form 10-Q with the SEC will satisfy the foregoing requirement;”

     

    
      	
               
      

            	
              (b)

            	
              renumber
      existing Sections 7.6(c) through (m) as Sections 7.6(e) through (o),
      respectively; and

            

    

     

    
      	
               
      

            	
              (c)

            	
              insert
      new Sections 7.6(c) and (d) into the Financing Agreement to read as
      follows:

            

    

     

    “(c)  within
120 days after the close of each of the Company’s fiscal years, a FERC Form No.
1 for the Company, which FERC Form No. 1 will include the required corporate
officer certification thereof, unaudited balance sheets as of the end of such
period and related statements of income, retained earnings, accumulated income
and statements of cash flows for such period;

     

    (d)  within
75 days after the close of the first three quarterly periods of each of the
Company’s fiscal years, a FERC Form No. 3-Q for the Company, which
will

     

    

     

      
        

      

    

    3

    

    include
the required corporate officer certification thereof, unaudited balance sheets
as at the close of each such period and related statements of income, retained
earnings and accumulated comprehensive income and a statement of cash flows for
the period from the beginning of such fiscal year to the end of such
quarter;”

     

    Section
3.     Representations and Warranties; Conditions
Precedent.

    

    The
Company hereby represents and warrants to you that, as of the effective date of
this Letter Agreement, each of the representations and warranties made by the
Company in or pursuant to Section 7 of the Financing Agreement will be true and
correct in all material respects as if made on and as of the Effective Date, and
no Event of Default will have occurred and be continuing.  For
purposes of this Letter Agreement, references in Section 7 of the Financing
Agreement to “this Agreement’, “hereunder”, “hereof” and words of like import
referring to the Financing Agreement will be deemed to be a reference to this
Letter Agreement and the Financing Agreement, as modified hereby, and references
to “date hereof” will be deemed to be a reference to the date of this Letter
Agreement.

    

    Section
4.     Execution and Delivery.

     

    If you
consent to the amendment described above, please evidence such consent by
executing and returning at least four counterparts of this Letter Agreement to
Union Bank of California, N.A., 445 South Figueroa Street, 15th Floor,
Los Angeles, CA, Attention: Susan K. Johnson (fax no. 213.236.4125) no later
than 10 a.m. (Pacific time) on Monday, November 10, 2008.

     

    Section
5.     Miscellaneous.

     

    The
execution, delivery and effectiveness of this Letter Agreement will not, except
as expressly provided herein, operate as a waiver of any right, power or remedy
of any Lender under the Financing Agreement, nor constitute a waiver of any
other provision of the Financing Agreement.  This Letter Agreement is
subject to the provisions of Section 12.2 of the Financing
Agreement.  This Letter Agreement will be binding on the parties
hereto and their respective successors and permitted assigns under the Financing
Agreement.

     

    This
Letter Agreement may be executed in any number of counterparts and by any
combination of the parties hereto in separate counterparts, each of which
counterparts shall constitute an original and all of which taken together shall
constitute one and the same instrument.  This Letter Agreement shall
be governed by, and construed in accordance with, the laws of the State of New
York.

     

    [signature
pages follow]

     

    

     

      
        

      

    

    4

        Very truly
yours,

     

    

     

                        KCP&L GREATER
MISSOURI OPERATIONS 

                        COMPANY, formerly
Aquila, Inc.

     

                          By: /s/
Michael W. Cline

     

                      Michael W. Cline

                      Treasurer

    

     

     

      
        

      

    

    S-1

    
 

    The
undersigned parties to the Financing Agreement

    hereby
consent to the requests described above:

    

     

    UNION
BANK OF CALIFORNIA, N.A.

    as Agent
and Lender

    

     

    

     

    

     

    By: /s/
Susan K. Johnson

     

           Name:   Susan
K. Johnson

     

           Title:     Vice
President

     

    

     

    

    
      
        
          
            NY3 -
476971.02

             

          

           

        

        
           

          
            

          

        

        
           

          
            S-2

             

          

        

      

    

    

    ALLIED
IRISH BANKS, P.L.C.

    as
Lender

    

     

    

     

    

     

    By: /s/
Robert F. Moyle

     

           Name:   Robert
F. Moyle

     

           Title:     Senior
Vice President

     

    

     

    /s/ Aidan
Lanigan

     

           Name:   Aidan
Lanigan

     

           Title:     Vice
President

     

    

    
      
        
           

        

        
           

          
            

          

        

        
           

          
            S-3

             

          

        

      

    

    

    COMMERZBANK
AG, NEW YORK AND

    GRAND
CAYMAN BRANCHES

    as
Lender

    

     

    

     

    

     

    By: /s/
Hans J. Scholz

     

           Name:   Hans
J. Scholz

     

           Title:     Vice
President

     

    

     

    

     

    

     

    By:  /s/
Barbara Stacks

     

           Name:   Barbara
Stacks

     

           Title:     Assistant
Vice President

     

    

     

    

    
      
        
          
            NY3 -
476971.02

             

          

           

        

        
           

          
            

          

        

        
           

          
            S-4

             

          

        

      

    

    

    LASALLE
BUSINESS CREDIT, LLC

    as
Lender

    

     

    

     

    

     

    By:
__________________________________

     

           Name:

     

           Title:

     

    

     

    

    
      
        
           

        

        
           

          
            

          

        

        
           

          
            S-5

             

          

        

      

    

    

    UBS LOAN
FINANCE LLC

    as
Lender

    

     

    

     

    

     

    By:
_________________________________

     

           Name:

     

           Title:

     

    

     

    

     

    

     

    By:
_________________________________

     

           Name:

     

           Title:

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