Document:

Purchase Agreement, dated as of June 8, 2009, between KGE and the Purchasers

 Exhibit 4.1 
 Kansas Gas and Electric Company 
 $300,000,000 
 6.70% First Mortgage Bonds due 2019 
 Purchase Agreement 
 June 8, 2009 
 BNY Mellon Capital Markets, LLC

 One Wall Street 
 New York, New York 10286 
 Citigroup Global Markets Inc. 
 388 Greenwich Street 
 New York, New York 10013 
 Credit Suisse Securities (USA) LLC 
 11 Madison Avenue 
 New York, New York 10010 
 As Representatives of the Initial Purchasers 
 Ladies and Gentlemen:

 Kansas Gas and Electric Company, a corporation organized under the laws of Kansas (the “Company”), proposes to issue and
sell to the several parties named in Schedule I hereto (the “Initial Purchasers”), for whom you (the “Representatives”) are acting as representatives, $300,000,000 principal amount of its 6.70% First Mortgage Bonds
due 2019 (the “Securities”). The Securities are to be issued under a Mortgage and Deed of Trust, dated as of April 1, 1940 (as amended and supplemented, the “Original Mortgage”), between the Company and The
Bank of New York Mellon Trust Company, N.A., as successor to Guaranty Trust Company of New York, and Judith L. Bartolini, as successor to Henry A. Theis, as trustees (the “Trustee”). In connection with the issuance of the
Securities, the Original Mortgage will be further supplemented by a Fifth-Fourth Supplemental Indenture, to be dated as of June 11, 2009 (the “Supplemental Indenture”, and the Original Mortgage as so supplemented, the
“Mortgage”). To the extent there are no additional parties listed on Schedule I other than you, the term Representatives as used herein shall mean you as the Initial Purchasers, and the terms Representatives and Initial Purchasers
shall mean either the singular or plural as the context requires. Certain terms used herein are defined in Section 21 hereof. 

 The sale of the Securities to the Initial Purchasers will be made without registration of the Securities
under the Act in reliance upon exemptions from the registration requirements of the Act. 
 In connection with the sale of the Securities,
the Company has prepared a preliminary offering memorandum, dated June 8, 2009 (as amended or supplemented at the date thereof, including any and all exhibits thereto, the “Preliminary Memorandum”), and a final offering
memorandum, dated June 8, 2009 (as amended or supplemented at the Execution Time, including any and all exhibits thereto, the “Final Memorandum”). Each of the Preliminary Memorandum and the Final Memorandum sets forth certain
information concerning the Company and the Securities. The Company hereby confirms that it has authorized the use of the Disclosure Package, the Preliminary Memorandum and the Final Memorandum, and any amendment or supplement thereto, in connection
with the offer and sale of the Securities by the Initial Purchasers. 
 1. Representations and Warranties. The Company represents and
warrants to, and agrees with, each Initial Purchaser as set forth below in this Section 1. 
 (a) The Company has been duly incorporated
and is validly existing as a corporation in good standing under the laws of Kansas with full corporate power and authority to carry on the electric utility business in which it is engaged, and is duly qualified to do business as a foreign
corporation and is in good standing under the laws of each jurisdiction which requires such qualification except where the failure to so qualify would not reasonably be expected to have a material adverse effect on the condition (financial or
otherwise), earnings, business or properties of the Company, whether or not arising from transactions in the ordinary course of business, except as set forth in or contemplated in the Official Statement (a “Material Adverse
Effect”). 
 (b) The Company has corporate power and authority to execute and deliver, to take all actions required or permitted to
be taken by the Company by or under, and to perform and observe the covenants and agreements on its part contained in, this Agreement, the Mortgage and the Securities. 
 (c) This Agreement has been duly authorized, executed and delivered by the Company; the Mortgage and the Securities have been duly authorized by the Company and the Mortgage (excluding the Supplemental Indenture) has
been duly executed and delivered by the Company; and the Mortgage (excluding the Supplemental Indenture) constitutes a legal, valid, binding instrument enforceable against the Company in accordance with its terms (subject, as to the enforcement of
remedies, to applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally from time to time in effect and to general principles of equity); at the Closing Date (as defined below), the
Mortgage (including the Supplemental Indenture) will constitute the valid and legally binding obligation of the Company, enforceable in accordance with its terms, subject to the limitations described above; and the Securities, when executed and
authenticated in accordance with the provisions of the Mortgage and delivered to and paid for by the Initial Purchasers, will have been duly executed and delivered by the Company and will constitute the legal, valid and binding obligations of the
Company entitled to the benefits of the Mortgage (subject, as to the enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, moratorium or other laws affecting creditors’ rights generally from time to time in effect and
to general principles of equity). 
  

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 (d) None of the execution and delivery of this Agreement or the Supplemental Indenture, the issuance and
sale of the Securities, or the consummation of any other of the transactions herein or therein contemplated, or the fulfillment of the terms hereof or thereof will conflict with, result in a breach or violation or imposition of any lien, charge or
encumbrance upon any property or assets of the Company pursuant to, (i) the articles of incorporation or by-laws of the Company; (ii) the terms of any indenture, contract, lease, mortgage, deed of trust, note agreement, loan agreement or
other agreement, obligation, condition, covenant or instrument to which the Company is a party or bound or to which its property is subject; or (iii) any statute, law, rule, regulation, judgment, order or decree applicable to the Company of any
court, regulatory body, administrative agency, governmental body, arbitrator or other authority having jurisdiction over the Company or any of its properties except in the cases of clauses (ii) and (iii) above, for any default or violation
that would not have a Material Adverse Effect. 
 (e) The State Corporation Commission of the State of Kansas (“KCC”) has
authorized the issuance of the Securities pursuant to an order dated May 18, 2009. No additional consent, approval, authorization, filing with or order of (i) the Federal Energy Regulatory Commission (the “FERC’)
under the Federal Power Act, (ii) the KCC or (iii) to the knowledge of the Company, any court or governmental agency or body is required in connection with the transactions contemplated herein, except such as may be required under the blue
sky laws of any jurisdiction in connection with the purchase and distribution of the Securities by the Initial Purchasers in the manner contemplated herein and in the Disclosure Package and the Final Memorandum. 
 (f) No action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or its
property is pending or, to the best knowledge of the Company, threatened that (i) could reasonably be expected to have a Material Adverse Effect on the performance of this Agreement, the Indenture or the consummation of any of the transactions
contemplated hereby or thereby or (ii) could reasonably be expected to have a Material Adverse Effect on the Company, except as set forth in or contemplated in the Disclosure Package and the Final Memorandum (exclusive of any amendment or
supplement thereto). 
 (g) The Company is not in violation or default of (i) any provision of its articles of incorporation or by-laws;
(ii) the terms of any indenture, contract, lease, mortgage, deed of trust, note agreement, loan agreement or other agreement, obligation, condition, covenant or instrument to which the Company is a party or bound or to which its property is
subject; or (iii) any statute, law, rule, regulation, judgment, order or decree applicable to the Company of any court, regulatory body, administrative agency, governmental body, arbitrator or other authority having jurisdiction over the
Company or any of its properties, as applicable, except, in the cases of clauses (ii) and (iii), for violations or defaults which would not reasonably be expected to have a Material Adverse Effect. 
  

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 (h) The consolidated historical financial statements and schedules of the Company included in the
Disclosure Package and the Final Memorandum present fairly in the material respects the financial condition, results of operations and cash flows of the Company as of the dates and for the periods indicated and have been prepared in conformity with
generally accepted accounting principles in the United States applied on a consistent basis throughout the periods involved (except as otherwise noted therein); the selected financial data set forth under the caption “Selected Financial
Information” in the Preliminary Memorandum and the Final Memorandum fairly present, on the basis stated in the Preliminary Memorandum and the Final Memorandum, the information included therein. 
 (i) The statements in the Preliminary Memorandum and the Final Memorandum under the heading “Description of the Bonds” fairly summarize the
matters therein described. 
 (j) the statements included in the Final Memorandum under the caption “Certain U.S. Federal Income Tax
Consequences for Non-U.S. Holders,” insofar as they purport to describe provisions of U.S. federal income tax laws or legal conclusions with respect thereto, fairly and accurately summarize the matters referred to therein in all material
respects. 
 (k) Since the date of the Disclosure Package, there has been no material adverse change, or any development involving a
prospective material adverse change, in the condition, financial or otherwise, or in the earnings, business or operations of the Company, whether or not arising from transactions in the ordinary course of business (a “Material Adverse
Change”). 
 (l) The Preliminary Memorandum, as of its date, did not contain any untrue statement of a material fact or omit to
state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. At the Execution Time and on the Closing Date, the Final Memorandum did not and will not (and any
amendment or supplement thereto, at the date thereof and at the Closing Date will not) contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; provided, however, that the Company makes no representation or warranty as to the information contained in or omitted from the Preliminary Memorandum or the Final Memorandum, or any amendment
or supplement thereto, in reliance upon and in conformity with information furnished in writing to the Company by or on behalf of the Initial Purchasers through the Representatives specifically for inclusion therein, it being understood and agreed
that the only such information furnished by or on behalf of any Initial Purchaser consists of the information described as such in Section 8(b) hereof. 
  

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 (m) The Disclosure Package, as of the Execution Time, does not contain any untrue statement of a material
fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. The preceding sentence does not apply to statements in or omissions from the
Disclosure Package based upon and in conformity with written information furnished to the Company by any Initial Purchaser through the Representatives specifically for use therein, it being understood and agreed that the only such information
furnished by or on behalf of any Initial Purchaser consists of the information described as such in Section 8(b) hereof. 
 (n) None of
the Company, its Affiliates, or any person acting on its or their behalf has, directly or indirectly, made offers or sales of any security, or solicited offers to buy, any security under circumstances that would require the registration of the
Securities under the Act. 
 (o) None of the Company, its Affiliates, or any person acting on its or their behalf has engaged in any form of
general solicitation or general advertising (within the meaning of Regulation D) in connection with any offer or sale of the Securities. 
 (p) The Securities satisfy the eligibility requirements of Rule 144A(d)(3) under the Act. 
 (q) No registration under the Act of
the Securities, or qualification of the Mortgage under the Trust Indenture Act, is required for the offer and sale of the Securities to or by the Initial Purchasers in the manner contemplated herein, in the Disclosure Package and the Final
Memorandum. 
 (r) The Company has an authorized and outstanding capitalization as set forth in the Disclosure Package and the Final
Memorandum. 
 (s) The Company has all necessary consents, authorizations, approvals, orders, certificates, licenses and permits of and from,
and has made all declarations and filings with, all federal, state, local and other governmental authorities, all self-regulatory organizations and all courts and other tribunals, to own, lease, license and use its properties and assets and to
conduct its business in the manner described in the Disclosure Package and the Final Memorandum, except to the extent that the failure to obtain or file would not have a Material Adverse Effect. 
 (t) The Company maintains a system of internal accounting controls sufficient to provide reasonable assurance that (A) transactions are executed in
accordance with management’s general or specific authorizations; (B) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset
accountability; (C) access to assets is permitted only in accordance with management’s general or specific authorization; and (D) the recorded accountability for assets is compared with the existing assets at reasonable intervals and
appropriate action is taken with respect to any differences. 
  

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 (u) Except as set forth in or contemplated in the Disclosure Package, the Company has not received
written notice of any actual or potential liability for the investigation or remediation of any disposal or release of hazardous or toxic substances or wastes, pollutants or contaminants, except where such liability would not, individually or in the
aggregate, have a Material Adverse Effect. 
 (v) The Company has no subsidiaries. 
 (w) Neither the Company nor, to the knowledge of the Company, any director, officer, agent, employee or affiliate of the Company is currently subject to
any sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Company will not directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make
available such proceeds to any joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC. 
 (x) No part of the proceeds from the sale of the Securities hereunder and under the Supplemental Indenture will be used, directly or indirectly, for any
payment to any governmental official or employee, political party, official of a political party, candidate for political office or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper
advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. 
 (y) To the knowledge of the Company, the
operations of the Company are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements in all material respects and the money laundering statutes and the rules and regulations thereunder
and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or
governmental agency, authority or body or any arbitrator involving the Company with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened. 
 (z) Any certificate signed by any officer of the Company and delivered to the Representatives or counsel for the Initial Purchasers in connection with
the offering of the Securities shall be deemed a representation and warranty by the Company, as to matters covered thereby, to each Initial Purchaser. 
 2. Purchase and Sale. Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Company agrees to sell to each Initial Purchaser, and each Initial
Purchaser agrees, severally and not jointly, to purchase from the Company, at a purchase price of 99.169% of the principal amount thereof, plus accrued interest, if any, from June 11, 2009 to the Closing Date, the principal amount of Securities set
forth opposite such Initial Purchaser’s name in Schedule I hereto. 
  

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 3. Delivery and Payment. Delivery of and payment for the Securities shall be made at 10:00 A.M.,
New York City time, on June 11, 2009, or at such time on such later date not more than three Business Days after the foregoing date as the Representatives shall designate, which date and time may be postponed by agreement between the Representatives
and the Company or as provided in Section 9 hereof (such date and time of delivery and payment for the Securities being herein called the “Closing Date”). Delivery of the Securities shall be made to the Representatives for the
respective accounts of the several Initial Purchasers against payment by the several Initial Purchasers through the Representatives of the purchase price thereof to or upon the order of the Company by wire transfer payable in same-day funds to the
account specified by the Company. Delivery of the Securities shall be made through the facilities of The Depository Trust Company unless the Representatives shall otherwise instruct. 
 4. Offering by Initial Purchasers. (a) Each Initial Purchaser acknowledges that the Securities have not been and will not be registered under
the Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Act. 
 (b) Each Initial Purchaser, severally and not jointly, represents and warrants to and agrees with the Company that: 
 (i) it has not offered or sold, and will not offer or sell, any Securities within the United States as part of their distribution at any
time except to those it reasonably believes to be “qualified institutional buyers” (as defined in Rule 144A under the Act); 
 (ii) neither it nor any person acting on its behalf has made or will make offers or sales of the Securities in the United States by means of any form of general solicitation or general advertising (within the meaning
of Regulation D) in the United States; 
 (iii) in connection with each sale pursuant to Section 4(b)(i), it has taken or
will take reasonable steps to ensure that the purchaser of such Securities is aware that such sale may be made in reliance on Rule 144A; 
 (iv) it is an “accredited investor” (as defined in Rule 501(a) of Regulation D); 
 5.
Agreements. The Company agrees with each Initial Purchaser that: 
 (a) The Company will furnish to each Initial Purchaser and to
counsel for the Initial Purchasers, without charge, as many copies of the materials contained in the Disclosure Package and the Final Memorandum and any amendments and supplements thereto as they may reasonably request. 
  

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 (b) The Company will prepare a final term sheet, containing solely a description of final terms of the
Securities and the offering thereof, in the form approved by you and attached as Schedule II hereto. 
 (c) The Company will not amend or
supplement the Disclosure Package or the Final Memorandum without the prior written consent of the Representatives. 
 (d) If at any time
prior to the completion of the sale of the Securities by the Initial Purchasers (as determined by the Representatives), any event occurs as a result of which the Disclosure Package or the Final Memorandum, as then amended or supplemented, would
include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made or the circumstances then prevailing, not misleading, or if it
should be necessary to amend or supplement the Disclosure Package or the Final Memorandum to comply with applicable law, the Company will promptly (i) notify the Representatives of any such event; (ii) prepare an amendment or supplement
that will correct such statement or omission or effect such compliance; and (iii) supply any supplemented or amended Disclosure Package or Final Memorandum to the several Initial Purchasers and counsel for the Initial Purchasers without charge
in such quantities as they may reasonably request. 
 (e) Without the prior written consent of the Representatives, the Company has not given
and will not give to any prospective purchaser of the Securities any written information concerning the offering of the Securities other than materials contained in the Disclosure Package, the Final Memorandum or any other offering materials
prepared by or with the prior written consent of the Representatives. 
 (f) The Company will arrange, if necessary, for the qualification of
the Securities for sale by the Initial Purchasers under the laws of such jurisdictions as the Representatives may designate and will maintain such qualifications in effect so long as required for the sale of the Securities; provided that in
no event shall the Company be obligated to qualify to do business in any jurisdiction where it is not now so qualified or to take any action that would subject it to service of process in suits, other than those arising out of the offering or sale
of the Securities, in any jurisdiction where it is not now so subject. The Company will promptly advise the Representatives of the receipt by the Company of any notification with respect to the suspension of the qualification of the Securities for
sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose. 
 (g) The Company will not, and will not
permit any of its Affiliates to, resell any Securities that have been acquired by any of them. 
 (h) None of the Company, its Affiliates, or
any person acting on its or their behalf will, directly or indirectly, make offers or sales of any security, or solicit offers to buy any security, under circumstances that would require the registration of the Securities under the Act. 

 

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 (i) None of the Company, its Affiliates, or any person acting on its or their behalf will engage in any
form of general solicitation or general advertising (within the meaning of Regulation D) in connection with any offer or sale of the Securities in the United States. 
 (j) For so long as any of the Securities are outstanding and are “restricted securities” within the meaning of Rule 144(a)(3) under the Act, the Company, during any period in which it is not subject to and
in compliance with Section 13 or 15(d) of the Exchange Act, will provide to each holder of such restricted securities and to each prospective purchaser (as designated by such holder) of such restricted securities, upon the request of such
holder or prospective purchaser, any information required to be provided by Rule 144A(d)(4) under the Act. This covenant is intended to be for the benefit of the holders, and the prospective purchasers designated by such holders, from time to time
of such restricted securities. 
 (k) The Company will cooperate with the Representatives and use its best efforts to permit the Securities
to be eligible for clearance and settlement through The Depository Trust Company. 
 (l) Each of the Securities will bear, to the extent
applicable, the legend contained in “Transfer Restrictions” in the Preliminary Memorandum and the Final Offering Memorandum for the time period and upon the other terms stated therein. 
 (m) The Company will not, from the date hereof until the Closing Date, without the prior written consent of the Representatives offer, sell, contract to
sell, pledge, otherwise dispose of, or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or
otherwise) by the Company or any Affiliate of the Company or any person in privity with the Company or any Affiliate of the Company), directly or indirectly, or announce the offering, of any debt securities issued or guaranteed by the Company (other
than the Securities). 
 (n) The Company will not take, directly or indirectly, any action designed to, or that has constituted or that might
reasonably be expected to, cause or result, under the Exchange Act or otherwise, in stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Securities. 
 (o) The Company will, for a period of twelve months following the Execution Time, furnish to the Representatives such information concerning the business
and financial condition of the Company as the Representatives may from time to time reasonably request. 
 (p) The Company will comply with
all applicable securities and other laws, rules and regulations, and use its best efforts to cause the Company’s directors and officers, in their capacities as such, to comply with such laws, rules and regulations. 
 (q) The Company will pay and bear all costs and expenses incident to the performance of its obligations under this Agreement, including (a) the
preparation, printing and filing of the Disclosure Package and the Final Memorandum and any 

  

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amendments or supplements thereto, and the cost of furnishing copies thereto to the Initial Purchasers, (b) the preparation, printing and distribution
of this Agreement, the Mortgage, the Supplemental Indenture, and any Blue Sky Memorandum, (c) the delivery of the Securities to the Initial Purchasers, (d) the reasonable fees and disbursements of the Company’s counsel and
accountants, (e) the qualification of the Securities under the applicable state securities or Blue Sky laws in accordance with Section 5(f), including filing fees and reasonable fees and disbursements of counsel for the Initial Purchasers
in connection therewith and in connection with any Blue Sky survey and any legal investment survey, (f) all fees payable to the Financial Industry Regulatory Authority, Inc. in connection with the review, if any, of the offering of the
Securities, (g) any fees charged by rating agencies for rating the Securities and (h) the fees and expenses of the Trustee, including the fees and disbursements of counsel for the Trustee, in connection with the Mortgage, the Supplemental
Indenture and the Securities. Except as specifically provided elsewhere herein, the Initial Purchasers will pay all of their own costs and expenses, including without limitation the fees and expenses of their counsel and the expenses of selling
presentations. 
 6. Conditions to the Obligations of the Initial Purchasers. The obligations of the Initial Purchasers to purchase
the Securities shall be subject to the accuracy of the representations and warranties of the Company contained herein at the Execution Time and the Closing Date, to the accuracy of the statements of the Company made in any certificates pursuant to
the provisions hereof, to the performance by the Company of its obligations hereunder and to the following additional conditions: 
 (a)
Subsequent to the Execution Time and prior to the Closing Date, there shall not have occurred any downgrading, nor shall any notice have been given of any intended or potential downgrading or of any review for a possible change that does not
indicate the direction of the possible change, in the rating accorded the Company or any of the securities of any Company by any “nationally recognized statistical rating organization,” as such term is defined for purposes of Rule
436(g)(2) under the Act. 
 (b) There shall not have been any Material Adverse Change from that set forth in the Disclosure Package, that, in
the judgment of the Representatives, is material and adverse and that makes it, in the judgment of the Representatives, impracticable or inadvisable to market or deliver the Securities on the terms and in the manner contemplated in the Disclosure
Package; and the Representatives shall have received, on the Closing Date, a certificate, dated the Closing Date and signed by either the chief executive officer or chief financial officer of the Company, to the foregoing effect. Such certificate
will also provide that the representations and warranties of the Company contained herein are true and correct as of the Closing Date and that the Company has complied with all agreements and satisfied all conditions on its part to be performed or
satisfied hereunder at or prior to the Closing Date. The officer making such certificate may rely upon the best of his knowledge as to proceedings threatened. 
  

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 (c) The Company shall have requested and caused Larry D. Irick, Secretary for the Company, to furnish to
the Representatives his opinion, dated the Closing Date and addressed to the Representatives, to the effect that: 
 (i) the
Company has been duly incorporated, is validly existing as a corporation in good standing under the laws of the State of Kansas and is duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its
business or its ownership or leasing of property requires such qualification (except where the failure to so qualify would not have a Material Adverse Effect); 
 (ii) all of the issued shares of capital stock of the Company have been duly and validly authorized and issued, are fully paid and
non-assessable, and (except as otherwise set forth in the Disclosure Package and the Final Memorandum) are owned directly by the Company’s parent, Westar Energy, Inc. (“Westar”), free and clear of all liens, encumbrances,
equities or claims (such counsel being entitled to rely in respect of the opinion in this clause upon opinions of local counsel and in respect of matters of fact upon certificates of officers of Westar or the Company, provided that such counsel
shall state that he believes that both the Initial Purchasers and he are justified in relying upon such opinions and certificates); 
 (iii) the Mortgage has been duly authorized, executed and delivered by the Company; 
 (iv) assuming the due
authorization, execution and delivery by the other parties thereto, the Mortgage constitutes a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, subject to applicable bankruptcy,
reorganization, insolvency and similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable principles of general applicability; 
 (v) the Mortgage has been duly recorded and filed in each place in which such recording or filing is required to protect and preserve the
lien of the Mortgage, and all taxes and recording or filing fees required to be paid in connection with the execution, recording or filing of the Mortgage have been duly paid; 
 (vi) the Company has good and sufficient title to, or a satisfactory easement in, all the real property, and has good and sufficient title
to all the personal property described in the Mortgage as owned by it and subject to the lien of the Mortgage, except any which may have been released from the lien thereof pursuant to the provisions thereof, subject only to (a) minor leases
and liens of judgments not prior to the lien of the Mortgage, which, in such counsel’s opinion, do not interfere with the Company’s business, (b) minor defects, irregularities and deficiencies in titles of properties and rights-of-way
which, 

  

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in such counsel’s opinion, do not materially impair the use of such property and rights of- way for the purposes for which they are held by the Company,
and (c) other permitted liens as defined in the Mortgage; subject to the qualifications set forth in this Section 6(a)(vi), the Mortgage constitutes a valid, direct first mortgage lien upon said properties and upon all franchises owned by
the Company, which properties and franchises include all the physical properties and franchises of the Company (other than classes of property expressly excepted in the Mortgage); all physical properties and franchises (other than classes of
property expressly excepted in the Mortgage as aforesaid) thereafter acquired by the Company will, upon such acquisition, become subject to the lien thereof, subject, however, to liens permitted thereby and to any liens existing or placed upon such
properties at the time of the acquisition thereof by the Company and except as described in the Disclosure Package and the Final Memorandum; and the descriptions of all such properties and assets contained in the granting clauses of the Mortgage are
correct and adequate for the purposes of the Mortgage; 
 (vii) the Securities have been duly authorized, executed, and
delivered by the Company; 
 (viii) when the Securities have been duly executed and authenticated in accordance with the
provisions of the Mortgage, the Securities will be valid and binding obligations of the Company, enforceable against them in accordance with their terms, subject to applicable bankruptcy, reorganization, insolvency and similar laws affecting
creditors’ rights generally, concepts of reasonableness and equitable principles of general applicability, and will be entitled to the benefits of the Mortgage and to the lien of the Mortgage; 
 (ix) the Agreement has been duly authorized, executed and delivered by the Company; 
 (x) except as rights to indemnity and contribution under this Agreement may be limited under applicable law, the execution and delivery by
the Company of, and the performance by the Company of its obligations under this Agreement, the Mortgage and the Securities will not contravene any provision of the laws of the State of Kansas or any federal law of the United States of America
(including laws relating specifically to electric utility companies and the electric utility industry) that in such counsel’s experience is normally applicable to general business corporations in relation to transactions of the topic
contemplated by this Agreement, or, to the best knowledge of such counsel, of any other state or jurisdiction of the United States, or the articles of incorporation or by-laws (or similar organizational document) of the Company or, to the best
knowledge of such counsel, any material agreement or other material instrument binding upon the 

  

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Company, the Mortgage or the Securities, provided that such counsel need not express an opinion as to federal or state securities or Blue Sky laws, and no
consent, approval or authorization of any governmental body or agency under the laws of the State of Kansas or any federal law of the United States of America (except with respect to consents, approvals and authorizations relating specifically to
the public utility companies or the utilities industry, as to which such counsel is not called upon to express any opinion) that in such counsel’s experience is normally applicable to general business corporations in relation to transactions of
the topic contemplated by the Agreement, or, to the best knowledge of such counsel, of any other state or jurisdiction of the United States of America or of any foreign jurisdiction is required for the performance by the Company of its obligations
under the Agreement, the Mortgage or the Securities, provided that such counsel need not express an opinion as to federal or state securities or Blue Sky laws; 
 (xi) the Company possesses valid franchises, certificates of convenience and authority, licenses and permits authorizing it to carry on
the electric utility business in which it is engaged, except in the cases that the failure to possess such franchises, certificates, licenses or permits, individually or in the aggregate, would not be reasonably expected to have a Material Adverse
Effect, and the Company has not received any notice of proceedings relating to the revocation or modification of any such franchise, certificate of convenience and authority, license or permit which, singly or in the aggregate, if the subject of an
unfavorable decision, ruling or finding, would reasonably be expected to have a Material Adverse Effect, except as set forth in or contemplated in the Disclosure Package and the Final Memorandum; 
 (xii) the statements under the caption “Description of the Bonds” in the Preliminary Memorandum and the Final Memorandum,
insofar as such statements constitute a summary of the legal matters, documents or proceedings referred to therein, fairly present the information called for with respect to such legal matters, documents and proceedings; 
 (xiii) there is no pending or, to the knowledge of such counsel, threatened action, suit or proceeding by or before any court or
governmental agency, authority or body or any arbitrator involving the Company or its property that is not adequately disclosed in the Disclosure Package and the Final Memorandum, except in each case for such proceedings that, if the subject of an
unfavorable decision, ruling or finding would not singly or in the aggregate, have a Material Adverse Effect; 
 (xiv) the
Company has complied with K.S.A. 9 66- 125 with respect to the issuance of the Securities. No additional consent, approval, authorization, filing with or order of (a) FERC under the Federal Power Act, (b) the KCC or (c) to the 

  

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knowledge of the Company, any court or governmental agency or body is required in connection with the transactions contemplated herein, except such as may be
required under the blue sky laws of any jurisdiction in connection with the purchase and distribution of the Securities by the Initial Purchasers in the manner contemplated in the Agreement and in the Preliminary Memorandum and the Final Memorandum.

 Such counsel shall also confirm he has no reason to believe that the Disclosure Package, as amended or supplemented at the Execution Time,
contained any untrue statement of a material fact or omitted to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (in each case, other than the
financial statements and other financial information contained therein, as to which such counsel need express no opinion); and such counsel has no reason to believe that the Final Memorandum, as of its date or on the Closing Date, contained or
contains any untrue statement of a material fact or omitted or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading (in each case, other than the
financial statements and other financial information contained therein, as to which such counsel need express no opinion). 
 Such counsel
may state that he has not been called upon to pass upon, and that he expresses no view regarding, the financial statements or financial schedules or statistical data derived therefrom or other accounting or financial data included in the Disclosure
Package and the Final Memorandum, and that his opinion and belief is based upon his participation in the preparation of the Disclosure Package and the Final Memorandum (as amended or supplemented) and review and discussion of the contents thereof,
but is without independent check or verification except as specified. 
 In expressing his opinion as to questions of the law of
jurisdictions other than the State of Kansas and the United States, such counsel may rely to the extent reasonable on such counsel as may be reasonably acceptable to counsel to the Initial Purchasers. In addition, such counsel may reasonably rely as
to questions of fact on certificates of responsible officers of the Company. 
 (d) The Company shall have requested and caused Davis
Polk & Wardwell, special counsel for the Company, to furnish the Representatives an opinion, dated the Closing Date and addressed to the Representatives, to the effect that: 
 (i) it is not necessary in connection with the offer, sale and delivery of the Securities to the Initial Purchasers under the Agreement or
in connection with the initial resale of such Securities by the Initial Purchasers in the manner contemplated by the Agreement and the Final Memorandum to register the Securities under the Securities Act of 1933, as amended, or to qualify the
Mortgage under the Trust Indenture Act of 1939, as amended, it being understood that no opinion is expressed as to any subsequent offer or resale of any Security; 
  

 14 

 (ii) the Company is not, and after giving effect to the offering and sale of the
Securities and the application of the proceeds thereof as described in the Disclosure Package and the Final Memorandum will not be, required to register as an “investment company” as such term is defined in the Investment Company Act;

 (iii) the execution and delivery by the Company of, and the performance by the Company of its obligations under, the
Mortgage and the Securities, will not contravene any provision of the laws of the State of New York or any federal law of the United States of America (except with respect to laws relating specifically to public utility companies or the utilities
industry, as to which such counsel is not called upon to express any opinion) that in such counsel’s experience is normally applicable to general business corporations in relation to transactions of the type contemplated by the Mortgage and the
Securities, provided that such counsel need not express an opinion as to federal or state securities laws; 
 (iv) no consent,
approval or authorization, or order of, or qualification with, any governmental body or agency under the laws of the State of New York or any federal law of the United States of America (except with respect to consents, approvals and authorizations
relating specifically to public utility companies or the utilities industry, as to which such counsel is not called upon to express any opinion) that in such counsel’s experience is normally applicable to general business corporations in
relation to transactions of the type contemplated by the Mortgage and the Securities, is required for the execution, delivery and performance by the Company of its respective obligations under this Agreement, the Mortgage and the Securities, except
as may be required under federal or state securities or Blue Sky laws as to which such counsel need not express any opinion; 
 (v) the statements included in the Final Memorandum under the caption “Certain U.S. Federal Income Tax Consequences for Non-U.S. Holders,” insofar as they purport to describe provisions of U.S. federal income tax laws or legal
conclusions with respect thereto, fairly and accurately summarize the matters referred to therein in all material respects; 
 Such counsel
shall also confirm such counsel has no reason to believe that the Disclosure Package, as amended or supplemented at the Execution Time, contained any untrue statement of a material fact or omitted to state any material fact necessary in order to
make the statements therein, in the light of the circumstances under which they were made, not misleading (in each case, other than the financial statements and other financial information contained therein, as to which such counsel need express no

  

 15 

 
opinion); and such counsel has no reason to believe that the Final Memorandum, as of its date or on the Closing Date, contained or contains any untrue
statement of a material fact or omitted or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading (in each case, other than the financial statements and
other financial information contained therein, as to which such counsel need express no opinion). 
 With respect to the preceding paragraph,
Davis Polk & Wardwell may state that they have not been called upon to pass upon, and that they express no view regarding, the financial statements or financial schedules or statistical data derived therefrom or other accounting or
financial data included in the Disclosure Package or the Final Memorandum and that their opinion and belief is based upon their participation in the preparation of the Disclosure Package and the Final Memorandum and any amendments or supplements
thereto and review and discussion of the contents thereof, but is without independent check or verification except as specified. Such counsel shall not be required to express a view as to the conveyance of the Disclosure Package or the information
contained therein to investors. 
 (e) The Representatives shall have received from Dewey & LeBoeuf LLP, counsel for the Initial
Purchasers, such opinion or opinions, dated the Closing Date and addressed to the Representatives, with respect to the issuance and sale of the Securities, the Mortgage, the Disclosure Package, the Final Memorandum (as amended or supplemented at the
Closing Date) and other related matters as the Representatives may reasonably require, and the Company shall have furnished to such counsel such documents as they request for the purpose of enabling them to pass upon such matters. 
 (f) The Representatives shall have received at the Execution Time a letter dated such date and on the Closing Date a letter dated such date, in each case
in form and substance satisfactory to the Representatives, from Deloitte & Touche LLP, independent public accountants, containing statements and information of the type ordinarily included in accountants’ “comfort letters”
with respect to the financial statements and certain financial information reviewed by them contained in or incorporated by reference in the Disclosure Package and the Final Memorandum and each other firm of independent accountants, if any, who
audited or reviewed financial statements contained in or incorporated by reference in the Disclosure Package and the Final Memorandum, containing statements and information of the type ordinarily included in accountants’ “comfort
letters” with respect to such financial statements and financial information. 
 (g) The Securities shall be eligible for clearance and
settlement through The Depository Trust Company. 
 (h) Prior to the Closing Date, the Company shall have furnished to the Representatives
such further information, certificates and documents as the Representatives may reasonably request. 
  

 16 

 If any of the conditions specified in this Section 6 shall not have been fulfilled when and as
provided in this Agreement, or if any of the opinions and certificates mentioned above or elsewhere in this Agreement shall not be reasonably satisfactory in form and substance to the Representatives and counsel for the Initial Purchasers, this
Agreement and all obligations of the Initial Purchasers hereunder may be cancelled at, or at any time prior to, the Closing Date by the Representatives. Notice of such cancellation shall be given to the Company in writing or by telephone or
facsimile confirmed in writing. 
 7. Reimbursement of Expenses. If this Agreement shall be terminated by the Initial Purchasers
because of any failure or refusal on the part of the Company to comply with the terms or to fulfill any of the conditions of this Agreement, or if for any reason the Company shall be unable to perform its obligations under this Agreement, the
Company will reimburse the Initial Purchasers for all out of- pocket expenses (including the fees and disbursements of their counsel) reasonably incurred by the Initial Purchasers in connection with this Agreement or the offering contemplated
hereunder. This provision shall survive the termination or cancellation of this Agreement. 
 8. Indemnification and Contribution.
(a) The Company agrees to indemnify and hold harmless each Initial Purchaser, the directors, officers, employees and agents of each Initial Purchaser and each person, if any, who controls each Initial Purchaser within the meaning of either
Section 15 of the Act or Section 20 of the Exchange Act from and against any and all losses, claims, damages and liabilities arising out of, based upon or caused by any untrue statement or alleged untrue statement of a material fact
contained in the Preliminary Memorandum, the Final Memorandum, any Issuer Written Information or any other written information used by or on behalf of the Company in connection with the offer or sale of the Securities, or in any amendment or
supplement thereto, or arising out of, based upon or caused by any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as such loss,
claim, damage or liability arises out of, is based upon or is caused by any such untrue statement or omission or alleged untrue statement or omission based upon information furnished in writing by such Initial Purchaser through the Representatives
expressly for use therein; provided, further, that the foregoing indemnity agreement with respect to the Preliminary Memorandum shall not inure to the benefit of any Initial Purchaser from whom the person asserting any such losses,
claims, damages or liabilities purchased Securities, or any person controlling such Initial Purchaser where it shall have been determined by a court of competent jurisdiction by final and nonappealable judgment that (i) prior to the Execution
Time the Company shall have notified such Initial Purchaser that the Preliminary Memorandum contains an untrue statement of material fact or omits to state therein a material fact required to be stated therein in order to make the statements therein
not misleading, (ii) such untrue statement or omission of a material fact was corrected and such corrected Preliminary Memorandum or Issuer Written Information was provided to such Initial Purchaser far enough in advance of the Execution Time
so that such corrected Preliminary Memorandum or Issuer Written Information could have been conveyed to such person prior to the Execution Time, (iii) such corrected Preliminary Memorandum or Issuer Written Information was not conveyed to such
person at or prior to the 

  

 17 

 
Execution Time, and (iv) such loss, claim, damage or liability would not have occurred had the corrected Preliminary Memorandum or Issuer Written
Information been conveyed to such person as provided for in clause (iii) above. This indemnity agreement will be in addition to any liability that the Company may otherwise have. 
 (b) Each Initial Purchaser severally, and not jointly, agrees to indemnify and hold harmless the Company, each of its directors, each of its officers,
and each person who controls the Company within the meaning of either the Act or the Exchange Act, to the same extent as the foregoing indemnity to each Initial Purchaser, but only with reference to written information relating to such Initial
Purchaser furnished to the Company by such Initial Purchaser through the Representatives expressly for use in the Preliminary Memorandum or the Final Memorandum or any Issuer Written Information (or in any amendment or supplement thereto).

 (c) In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which
indemnity may be sought pursuant to either of the two preceding paragraphs, such person (the “Indemnified Party”) shall promptly notify the person against whom such indemnity may be sought (the “Indemnifying Party”)
in writing and the Indemnifying Party, upon request of the Indemnified Party, shall retain counsel reasonably satisfactory to the Indemnified Party and any others the Indemnifying Party may designate in such proceeding and shall pay the fees and
disbursements of such counsel related to such proceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and disbursements of such counsel shall be at the expense of such Indemnified Party
unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the retention of such counsel, (ii) the named parties to any such proceeding (including any impleaded parties) include both the Indemnifying Party
and the Indemnified Party and, upon advice of counsel the Indemnified Party concludes that counsel chosen by the Indemnifying Party to represent the Indemnified Party would be inappropriate due to actual or potential differing interests between the
Indemnifying Party and the Indemnified Party or (iii) the Indemnifying Party shall not have employed counsel satisfactory to the Indemnified Party to represent the Indemnified Party within a reasonable time after notice of the institution of
such action. It is understood that the Indemnifying Party shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and disbursements of more than one separate firm (in addition
to any local counsel) for all such Indemnified Parties and that all such fees and disbursements shall be reimbursed as they are incurred. In the case of any such separate firm for the Initial Purchasers and such control person of the Initial
Purchasers, such firm shall be designated in writing by the Representatives. In the case of any such separate firm for the Company and such directors, officers and controlling person of the Company, such firm shall be designated in writing by the
Company. The Indemnifying Party shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Party agrees to
indemnify, to the extent provided for in the two immediately preceding paragraphs, the Indemnified Party from and against any loss or liability by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent
of the Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have 

  

 18 

 
been sought hereunder by such Indemnified Party unless such settlement includes an unconditional release of such Indemnified Party from all liability on
claims that are the subject matter of such proceeding. 
 (d) If the indemnification provided for in this Section 8 is unavailable to or
insufficient to hold harmless an Indemnified Party in respect of any losses, claims, damages or liabilities for which indemnification is provided herein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute
to the amount paid or payable by such Indemnified Party as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received by the Company on the one hand and the Initial
Purchasers on the other from the offering of the Securities or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred
to in clause (i) above but also the relative fault of the Company on the one hand and of the Initial Purchasers on the other in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities, as well
as any other relevant equitable considerations. The relative benefits received by the Company and the Initial Purchasers shall be deemed to be in the same respective proportions as the net proceeds from the offering (before deducting expenses)
received by the Company bear to the total discounts and commissions received by the Initial Purchasers in respect thereof. The relative fault of the Company and the Initial Purchasers shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company on the one hand or by the Initial Purchasers on the other and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 
 (e) The Company and
the Initial Purchasers agree that it would not be just and equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for such purpose) or by any other
method of allocation which does not take account of the equitable considerations referred to in paragraph (d) above. The amount paid or payable by an Indemnified Party as a result of the losses, claims, damages and liabilities referred to in
the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any such action or
claim. For purposes of this Section 8, each person who controls an Initial Purchaser within the meaning of either the Act or the Exchange Act and each director, officer, employee and agent of an Initial Purchaser shall have the same rights to
contribution as such Initial Purchaser, and each person who controls the Company within the meaning of either the Act or the Exchange Act, and each officer and director of the Company shall have the same rights to contribution as the Company,
subject in each case to the applicable terms and conditions of this paragraph and the preceding paragraph. Notwithstanding the provisions of this Section 8, in no case shall any Initial Purchaser be responsible for any amount in excess of the
amount by which the total price at which Securities sold by such Initial Purchaser exceeds the amount of any damages which such Initial Purchaser has otherwise been required to pay by reason of such untrue or alleged 

  

 19 

 
untrue statement or omission or alleged omission. Notwithstanding the provisions of this paragraph (e), no person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 
 9. Default by an Initial Purchaser. If any one or more Initial Purchasers shall fail to purchase and pay for any of the Securities agreed to be purchased by such Initial Purchaser hereunder and such failure to
purchase shall constitute a default in the performance of its or their obligations under this Agreement, the remaining Initial Purchasers shall be obligated severally to take up and pay for (in the respective proportions which the principal amount
of Securities set forth opposite their names in Schedule I hereto bears to the aggregate principal amount of Securities set forth opposite the names of all the remaining Initial Purchasers) the Securities which the defaulting Initial Purchaser or
Initial Purchasers agreed but failed to purchase; provided, however, that in the event that the aggregate principal amount of Securities which the defaulting Initial Purchaser or Initial Purchasers agreed but failed to purchase shall
exceed 10% of the aggregate principal amount of Securities set forth in Schedule I hereto, the remaining Initial Purchasers shall have the right to purchase all, but shall not be under any obligation to purchase any, of the Securities, and if such
nondefaulting Initial Purchasers do not purchase all the Securities, this Agreement will terminate without liability to any nondefaulting Initial Purchaser or the Company. In the event of a default by any Initial Purchaser as set forth in this
Section 9, the Closing Date shall be postponed for such period, not exceeding five Business Days, as the Representatives shall determine in order that the required changes in the Final Memorandum or in any other documents or arrangements may be
effected. Nothing contained in this Agreement shall relieve any defaulting Initial Purchaser of its liability, if any, to the Company or any nondefaulting Initial Purchaser for damages occasioned by its default hereunder. 
 10. Termination. This Agreement shall be subject to termination in the absolute discretion of the Representatives, by notice given by the
Representatives to the Company, if (a) after the Execution Time and prior to the Closing Date (i) trading generally shall have been suspended or materially limited on or by, as the case may be, the New York Stock Exchange, the NYSE Amex
Equities or the Financial Industry Regulatory Authority, Inc., (ii) a general moratorium on commercial banking activities in New York shall have been declared by either Federal or New York State authorities, or (iii) there shall have
occurred any outbreak or escalation of hostilities, declaration by the United States of a national emergency or war, or any change in financial markets or any calamity or crisis that, in the judgment of the Representatives, is material and adverse
and (b) in the case of any of the events specified in clauses (a)(i) through (iii), such event, singly or together with any other such event, makes it, in the judgment of the Representatives, impracticable or inadvisable to market or deliver
the Securities on the terms and in the manner contemplated in the Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto) and this Agreement. 
 11. Representations and Indemnities to Survive. The respective agreements, representations, warranties, indemnities and other statements of the
Company or its officers and of the Initial Purchasers set forth in or made pursuant to this Agreement will 

  

 20 

 
remain in full force and effect, regardless of any investigation made by or on behalf of the Initial Purchasers or the Company or any of the indemnified
persons referred to in Section 8 hereof, and will survive delivery of and payment for the Securities. The provisions of Sections 7 and 8 hereof shall survive the termination or cancellation of this Agreement. 
 12. Notices. All communications hereunder will be in writing and effective only on receipt, and, if sent to the Representatives, will be mailed,
delivered or telefaxed to BNY (fax no.: (212)-635-8059) and confirmed to BNY at One Wall Street, 18th Floor, New York, New York 10286, Attention: Dan Klinger; the Citi General Counsel (fax no.: (212) 816-7912) and confirmed to Citi at 388
Greenwich Street, New York, New York 10013, Attention: General Counsel; Credit Suisse (fax no: (212-325-4296)) and confirmed to Credit Suisse at 11 Madison Avenue, New York, New York 10010, Attention: IBD Legal or, if sent to the Company, will be
mailed, delivered or telefaxed to (785)-575-8136 and confirmed to it at 818 South Kansas Avenue, Topeka, KS 66612, attention of the Legal Department. 
 13. Counterparts. This Agreement may be signed in one or more counterparts, each of which shall constitute an original and all of which together shall constitute one and the same agreement. 
 14. Applicable Law. This Agreement will be governed by and construed in accordance with the internal laws of the State of New York. 
 15. Headings. The section headings used herein are for convenience only and shall not affect the construction hereof. 
 16. Successors. This Agreement will inure to the benefit of and be binding upon the parties hereto and their respective successors and the
indemnified persons referred to in Section 8 hereof and their respective successors, and no other person will have any right or obligation hereunder. 
 17. Waiver of Jury Trial. Each of the parties hereto hereby irrevocably waives its rights to jury trial of any claim or cause of action based upon or arising out of or relating to this Agreement or the
transactions contemplated hereby. 
 18. Internet Document Service. The Company hereby agrees that Citi may provide copies of the
Preliminary Memorandum and Final Memorandum and any other agreement or document relating to the offer and sale of the Securities, including, without limitation, the Mortgage, to Xtract Research LLC (“Xtract”) following the Closing
Date for inclusion in an online research service sponsored by Xtract, access to which is restricted to “qualified institutional buyers” (as defined in Rule 144A under the Act). 
 19. Integration. This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Company and the Initial
Purchasers, or any of them, with respect to the subject matter hereof. 
  

 21 

 20. No Fiduciary Duty. The Company acknowledges and agrees that the Initial Purchasers are acting
solely in the capacity of an arm’s length contractual counterparty to the Company with respect to the offering of Securities contemplated hereby (including in connection with determining the terms of the offering) and not as a financial advisor
or a fiduciary to, or an agent of, the Company or any other person and will not claim that the Initial Purchasers are acting in such capacity in connection with the offering of the Securities contemplated hereby. Additionally, none of the Initial
Purchasers is advising the Company or any other person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction with respect to the offering of Securities contemplated hereby. The Company shall consult with its own
advisors concerning such matters and shall be responsible for making its own independent investigation and appraisal of the transactions contemplated hereby, and the Initial Purchasers shall have no responsibility or liability to the Company with
respect thereto. Any review by the Initial Purchasers of the Company, the transactions contemplated hereby or other matters relating to such transactions will be performed solely for the benefit of the Initial Purchasers and shall not be on behalf
of the Company. 
 21. Definitions. The terms that follow, when used in this Agreement, shall have the meanings indicated. 

“Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder.

 “Affiliate” shall have the meaning specified in Rule 501(b) of Regulation D. 
 “BNY” shall mean BNY Mellon Capital Markets, LLC. 
 “Business Day” shall mean any day other than a Saturday, a Sunday or a legal holiday or a day on which banking institutions or trust companies are authorized or obligated by law to close in The City
of New York. 
 “Citi” shall mean Citigroup Global Markets Inc. 
 “Closing Date” shall have the meaning provided in Section 3 hereof. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 “Commission” shall mean the Securities and Exchange Commission. 
 “Credit Suisse” shall mean Credit Suisse Securities (USA) LLC. 
 “Disclosure Package” shall mean (i) the Preliminary Memorandum, as amended or supplemented at the Execution Time, (ii) the
final term sheet prepared pursuant to Section 5(b) hereto and in the form attached as Schedule II hereto and (iii) any Issuer Written Information. 
  

 22 

 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules
and regulations of the Commission promulgated thereunder. 
 “Execution Time” shall mean the date and time that this
Agreement is executed and delivered by the parties hereto. 
 “Investment Company Act” shall mean the Investment Company Act
of 1940, as amended, and the rules and regulations of the Commission promulgated thereunder. 
 “Issuer Written Information”
shall mean any writings in addition to the Preliminary Memorandum that the parties expressly agree in writing to treat as part of the Disclosure Package. 
 “Regulation D” shall mean Regulation D under the Act. 
 “Regulation S”
shall mean Regulation S under the Act. 
 “Regulation S-X” shall mean Regulation S-X under the Act. 
 “Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
  

 23 

 If the foregoing is in accordance with your understanding of our agreement, please sign and return to us
the enclosed duplicate hereof, whereupon this letter and your acceptance shall represent a binding agreement between the Company and the several Initial Purchasers. 
  

									
		 		 		 	Very truly yours,
				
		 		 		 	KANSAS GAS AND ELECTRIC COMPANY
					
		 		 		 	By:	 	 /s/ Anthony D. Somma

		 		 		 	Name:	 	Anthony D. Somma
		 		 		 	Title:	 	Assistant Treasurer
				
	The foregoing Agreement is hereby confirmed and accepted as of the date first above written.	 		 		 	
				
	BNY MELLON CAPITAL MARKETS, LLC	 		 		 	
					
	By:	 	 /s/ Dan Klinger
	 		 		 	
	Name:	 	Dan Klinger	 		 		 	
	Title:	 	Managing Director	 		 		 	
				
	CITIGROUP GLOBAL MARKETS INC.	 		 		 	
					
	By:	 	 /s/ Brian Bednarski
	 		 		 	
	Name:	 	Brian Bednarski	 		 		 	
	Title:	 	Managing Director	 		 		 	
				
	CREDIT SUISSE SECURITIES (USA) LLC	 		 		 	
					
	By:	 	 /s/ Gavin Wolfe
	 		 		 	
	Name:	 	Gavin Wolfe	 		 		 	
	Title:	 	Vice Chairman	 		 		 	
				
	For themselves and the other several Initial Purchasers named in Schedule I to the foregoing Agreement.	 		 		 	

  

 24Settlement Agreement

 EXHIBIT 10.23 
 SETTLEMENT AGREEMENT 
 This Settlement Agreement (“Agreement”) is entered into by and
between American Rag Cie, LLC (“ARC LLC”), American Rag Cie II (“ARC II”), World Denim Bar, LLC (“WDB”), Café Beau Soleil, LLC (“CBS”), Mark I. Werts (“Werts”) and Larry C. Russ
(“Russ”) (collectively the “American Rag Parties”) on the one hand, and Tarrant Apparel Group (“Tarrant”), Private Brands, Inc. (“Private Brands”), Gerard Guez (“Guez”), and Todd Kay
(“Kay”) (collectively “the Tarrant Parties”), on the other hand. The American Rag Parties and the Tarrant Parties are each a “Party” and collectively “the Parties.” 
 RECITALS 
 WHEREAS, the Parties
are currently engaged in litigation captioned American Rag Cie, LLC et al. v. Private Brands, Inc. et al., including the cross-action, Los Angeles Superior Court Case No. BC 384428 (the “Action”). 
 WHEREAS, subject to and consistent with the terms of this Agreement, the Parties desire to settle, compromise and release all claims asserted in Action,
or that could have been asserted in the Action, known or unknown, as well as any and all other grievances, disputes, controversies, differences, demands and claims that now exist or that may arise in the future against one another, regardless of
whether such claims are known or unknown, based upon any conduct or event occurring up to the Effective Date (defined below). 
 NOW
THEREFORE, in consideration of the mutual promises and agreements set forth below, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree to the following: 
 TERMS OF AGREEMENT 
 1.
Effective Date. This Agreement shall become effective (“the Effective Date”) upon execution of this Agreement by all Parties hereto, as well as full execution of each of the documents exhibited hereto. 
 2. Transfer of Ownership Interest in American Rag Cie, LLC. Concurrently with the execution of this Agreement, Tarrant shall surrender and
transfer to ARC LLC its 45% membership interest in ARC LLC as well as all of its shares in American Rag Compagnie, Inc., a California Corporation (“ARCompagnie”). Said transfer shall be effected by full and complete execution, concurrently
with the execution of this Agreement, of the Securities Redemption Agreements related to ARC, LLC and ARCompagnie, respectively, attached hereto as Exhibits A and B hereto, Amendment to Limited Liability Company Operating Agreement of ARC LLC
(Exhibit C) and Assignment Agreements relating to ARC, LLC and ARCompagnie (Exhibits D and E). 
 3. Amended License Agreement.
Concurrently with the execution hereof, ARC LLC and Private Brands shall enter into the Amended License Agreement attached hereto as Exhibit F. 
 4. Release of Claim to “World Denim Bar” And “Café Beau Soleil” Marks. The Tarrant Parties hereby waive and release any claim or interest in the “World Denim Bar” and “Café Beau
Soleil” marks and related businesses. 
 5. Dismissal of the Action. Promptly following the Effective Date, the Parties shall
execute a stipulation to dissolve the injunction entered by the court in the Action. Promptly upon entry of an order dissolving the injunction, the parties shall direct their counsel to file a dismissal of the Action, including all cross-claims,
with prejudice, with all Parties to bear their own attorneys’ fees and costs. 
  

 -1- 

 6. Enforcement by Motion Pursuant to Code of Civil Procedure § 664.6. This Agreement shall be
enforceable pursuant to the provisions of the California Code of Civil Procedure § 664.6. In any proceedings brought to enforce or interpret this Agreement, the prevailing party shall be entitled to recover its attorneys’ fees and
costs incurred in connection therewith. 
 7. Release of the Tarrant Parties. Except as to the obligations created by this Agreement,
including its exhibits, upon the Effective Date, the American Rag Parties, and each of them, on their own behalf and, as applicable, on behalf of their parent companies, subsidiaries and affiliates, and all of the past and present directors,
officers, members, employees, contractors, partnerships, companies, agents, attorneys, executors, heirs, successors and assigns of any of the foregoing, forever release and fully discharge the Tarrant Parties, and each of them and, as applicable,
each of their respective parent companies, subsidiaries and affiliates, and all of the past and present directors, officers, members, employees, contractors, partnerships, companies, agents, attorneys, executors, heirs, successors and assigns of any
of the foregoing (“the Tarrant Releasees”), from all claims including, but not limited to, those claims asserted in the Action or that could have been asserted in the Action or otherwise, whether known or unknown, apparent or concealed,
suspected or unsuspected, arising in tort, contract or otherwise, and whether existing in the past or the present or the future, based upon any conduct or event occurring up to the Effective Date. 
 8. Release of the American Rag Parties. Except as to the obligations created by this Agreement, including its exhibits, upon the Effective Date,
the Tarrant Parties, and each of them, on their own behalf and, as applicable, on behalf of their parent companies, subsidiaries and affiliates, and all of the past and present directors, officers, members, employees, contractors, partnerships,
companies, agents, attorneys, executors, heirs, successors and assigns of any of the foregoing, forever release and fully discharge the American Rag Parties, and each of them and, as applicable, each of their respective parent companies,
subsidiaries and affiliates, and all of the past and present directors, officers, members, employees, contractors, partnerships, companies, agents, attorneys, executors, heirs, successors and assigns of any of the foregoing (“the American Rag
Releasees”), from all claims including, but not limited to, those claims asserted in the Action or that could have been asserted in the Action or otherwise, whether known or unknown, apparent or concealed, suspected or unsuspected, arising in
tort, contract or otherwise, and whether existing in the past or the present or the future, based upon any conduct or event occurring up to the Effective Date. 
 9. Settlement Agreement in Werts v. Tarrant Apparel Group. Notwithstanding any provision of this Agreement, including the releases and integration clause contained herein, this Agreement shall have no effect on
the continued obligations of Werts, Tarrant and Guez under that certain Settlement Agreement and Release entered into in or about February 2008 by which those parties settled Case No. BC 362 700. 
 10. Waiver of Civil Code § 1542. Each Party acknowledges the risk that subsequent to the execution of this Agreement, a Party may discover
facts or may incur, suffer or discover losses, damage or injuries which are unknown and unanticipated at the time this Agreement is executed, which if known on the date of execution of this Agreement, may have materially affected his, her or its
decision to give the release contained in this Agreement. Despite this knowledge and understanding, each Party hereby assumes the risk of such unknown and unanticipated facts and claims and, except as otherwise provided in this Agreement, hereby
waives any alleged right to set aside or rescind this Agreement and any and all rights under California Civil Code § 1542 (and similar laws in other jurisdictions), which section has been duly explained to and is understood by each
Party, and which reads as follows: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR
AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 
  

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 11. Representations and Warranties. 
 11.1 No Assignment. Each of the undersigned Parties represents and warrants that with respect to the respective releases given by the Parties
hereto, no portion of any claim, right, demand, action or cause of action released hereunder, and no portion of any recovery or settlement to which any Party might be entitled based upon any such claim, right, demand, action or cause of action, has
been assigned or transferred to any other person, firm or corporation, in any manner, including by way of subrogation, operation of law, attorneys’ lien, or otherwise. Further, each of the undersigned Parties individually represents and
warrants that he, she or it has the right, power and authority to enter into this Agreement. 
 11.2 Representation by Counsel. Each
of the undersigned Parties represents and warrants that he, she or it has been represented by legal counsel of its choosing in connection with this Agreement and the settlement to which it relates and executes it knowingly and voluntarily after
receiving such legal advice, and that, in executing this Agreement, the Parties represent and acknowledge that they have been fully advised by their legal counsel as to their rights and consequences of signing this Agreement. The Parties further
represent and acknowledge that they fully understand and appreciate the meaning of each of the terms of this Agreement and that they understand that they may be waiving legal rights or claims by signing this Agreement and that they are voluntarily
entering into this Agreement with a full and complete understanding of its terms and legal effect and with the intent to be legally bound by this Agreement. 
 11.3 Reliance. Each of the undersigned Parties represents and warrants that, in executing this Agreement, he, she or it has relied solely on the statements expressly set forth herein, and has placed no reliance
whatsoever on any statement, representation, or promise of any other Party, or any other person or entity, not expressly set forth herein, or upon the failure of any other Party or any other person or entity to make any statement, representation or
disclosure of anything whatsoever. The discovery by any Party, subsequent to the execution of this Agreement, of any facts not heretofore known to that Party, or that the facts or law upon which any Party relied in executing this Agreement were not
as that Party believed it to be, shall not constitute grounds for declaring this Agreement void, avoidable or otherwise unenforceable. This paragraph is intended by the Parties to preclude any claim that any Party was fraudulently induced to enter
this Agreement, or was induced to enter this Agreement by a mistake of fact or law. 
 11.4 Investigation. Each of the Parties
represents and warrants that it has made such investigation as it deems necessary or desirable of all matters contained in or related to this Agreement. 
 12. General Provisions. 
 12.1 Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of California without regard to California’s choice of law rules. This Agreement is to be performed within the County of Los Angeles, State of California. 
 12.2 Full Satisfaction. This Agreement, and the rights and benefits provided by it, are acknowledged by the Parties to be in full and complete
settlement and satisfaction of the claims that are released. 
 12.3 No Admissions. The Parties understand and acknowledge that this
Agreement constitutes a compromise and settlement. Neither the fact of this Agreement, its terms and conditions, nor any action taken or statements made by the Parties in connection with this Agreement shall ever, under any circumstances, be deemed
or construed to be: (i) an admission of the truth or falsity of the claims asserted in the Action; or (ii) an acknowledgement or admission by any Party of any fault or liability whatsoever. 
 12.4 Entitled Costs. The Parties shall bear their own costs and attorneys’ fees incurred in the Action. 
 12.5 Authority. Each person and entity executing this Agreement has full power and authority to do so, and all necessary resolutions and
authorizations have been obtained. 
  

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 12.6 Integration. Except as otherwise stated herein, this Agreement contains the entire and only
understanding between the Parties and supersedes any and all prior and/or contemporaneous oral or written negotiations, agreements, representations and understandings. The Parties, and each of them, represent and agree that no promise, statement or
inducement has been made that caused him/her/it to sign this Agreement, other than those expressly set forth in this Agreement. Any and all representations that any Party considers to be material to his/her/its decision to enter into this Agreement
have been included in this Agreement and each Party agrees that any alleged representation not included in this Agreement was not material to his/her/its decision to enter into this Agreement. This Agreement shall be accepted as conclusive proof
that any reliance by any Party on any alleged representation not included in this Agreement shall not be justified. Each Party further agrees that no other Party owes an obligation to disclose any fact or, if such obligation exists, each Party
relieves the other Parties of such obligation. In any action where any Party contends that any other Party has made any representation, or failed to disclose any fact, and such contention is inconsistent with this paragraph, the court, arbitrator or
other tribunal shall summarily dismiss any such claim, even if the applicable law would not support such summary dismissal. 
 12.7
Modification. This Agreement may not be altered, amended, or extinguished except by a writing which expressly refers to this instrument and is signed subsequent to the date of this instrument by duly authorized representatives of all Parties
hereto. 
 12.8 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the executors,
administrators, heirs, successors, and assigns of the Parties. 
 12.9 Counterparts. This Agreement may be executed in counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Signatures by facsimile and scanned signatures shall be of the same force and effect as if in original ink. 
 12.10 Headings. The headings and captions used in this Agreement are for convenience only and shall not be deemed to affect in any way the
language of the provisions to which they refer. 
 12.11 Interpretation. This Agreement shall be interpreted as if jointly drafted by
the Parties, and no provision shall be interpreted against any Party because such provision was drafted by that Party. 
 12.12
Severability. If any portion of this Agreement is found invalid, that portion may be severed from the Agreement and shall not affect the validity of the remainder of the Agreement. 
 12.13 Confidentiality. The Parties confirm and agree that the terms and contents of this Agreement are confidential and proprietary trade secrets.

 IN WITNESS WHEREOF, the Parties have approved and executed this Agreement on the dates set forth opposite their respective
signatures. 
 Dated: December 18, 2008 

			
	AMERICAN RAG CIE, LLC
		
	 By
	 	AMERICAN RAG CIE II, ITS SOLE MEMBER
		
	By:	 	/S/ MARK WERTS
		 	Mark Werts
	Its:	 	President/CEO

  

 -4- 

									
	Dated: December 18, 2008	 		 	AMERICAN RAG CIE II
					
		 		 		 	By:	 	/S/ MARK WERTS
		 		 		 		 	Mark Werts
		 		 		 	Its:	 	President/CEO
			
	Dated: December 18, 2008	 		 	WORLD DENIM BAR, LLC
					
		 		 		 	By:	 	/S/ MARK WERTS
		 		 		 		 	Mark Werts
		 		 		 	Its:	 	Managing Member
			
	Dated: December 18, 2008	 		 	CAFÉ BEAU SOLEIL, LLC
					
		 		 		 	By:	 	/S/ MARK WERTS
		 		 		 		 	Mark Werts
		 		 		 	Its:	 	Managing Member
				
	Dated: December 18, 2008	 		 		 	/S/ MARK I. WERTS
		 		 		 		 	Mark I. Werts
				
	Dated: December 18, 2008	 		 		 	/S/ LARRY C. RUSS
		 		 		 		 	Larry C. Russ
			
	Dated: December 18, 2008	 		 	TARRANT APPAREL GROUP
					
		 		 		 	By:	 	/S/ PATRICK CHOW
		 		 		 		 	Patrick Chow
		 		 		 	Its:	 	Chief Financial Officer
			
	Dated: December 18, 2008	 		 	PRIVATE BRANDS, INC.
					
		 		 		 	By:	 	/S/ PATRICK CHOW
		 		 		 		 	Patrick Chow
		 		 		 	Its:	 	Chief Financial Officer
				
	Dated: December 18, 2008	 		 		 	/S/ GERARD GUEZ
		 		 		 		 	Gerard Guez
				
	Dated: December 18, 2008	 		 		 	/S/ TODD KAY
		 		 		 		 	Todd Kay

  

 -5-

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