Document:

Exhibit 10.2 Asset Transfer Agreement-Kinmundy Generation Station

Exhibit 10.2

 

Execution Copy

 

 

 

ASSET
TRANSFER AGREEMENT

KINMUNDY
GENERATION STATION

between

AMEREN
ENERGY GENERATING COMPANY 

and

UNION
ELECTRIC COMPANY

Dated
as of May 2, 2005

CHI-1465827v2 

TABLE OF CONTENTS

Page

	
      ARTICLE
      I.
	
      TRANSFER
      OF ASSETS
	
      1

	
      1.1
	
      Transfer
      of Assets
	
      1

	 	
      (a) 
      Inventory
	
      1

	 	
      (b) 
      Fixed Assets
	
      1

	 	
      (c) 
      Real Property
	
      2

	 	
      (d)
       Leased Property
	
      2

	 	
      (e) 
      Intellectual Property Rights
	
      2

	 	
      (f) 
      Business Records
	
      2

	 	
      (g) 
      Contracts
	
      2

	 	
      (h) 
      Permits
	
      2

	 	
      (i)  
      Insurance
	
      2

	 	
      (j) 
      Rolling Stock and Vehicles
	
      3

	 	
      (k) 
      Miscellaneous
	
      3

	
      1.2
	
      Retained
      Assets
	
      3

	 	
      (a) 
      Designated Assets
	
      3

	 	
      (b) 
      Non-Assigned Contracts
	
      3

	 	
      (c) 
      Employee Plan Assets
	
      3

	 	
      (d) 
      Corporate Records
	
      3

	
      1.3
	
      Assignability
      and Consents
	
      3

	 	
      (a) 
      Required Consents
	
      4

	 	
      (b) 
      Nonassignable Items
	
      4

	 	 	 
	
      ARTICLE
      II.
	
      LIABILITIES
	
      4

	
      2.1
	
      Assumption
      of Liabilities
	
      4

	 	
      (a) 
      Balance Sheet
	
      4

	 	
      (b) 
      Trade Payables
	
      5

	 	
      (c) 
      Contracts
	
      5

	 	
      (d) 
      Employee Matters
	
      5

	 	
      (e) 
      Liabilities and Obligations
	
      5

	
      2.2
	
      Retained
      Liabilities
	
      5

	 	
      (a) 
      Pre-Closing
	
      5

	 	
      (b) 
      Liabilities Relating to the Transfer of Acquired Assets
	
      5

-i-

 

TABLE OF CONTENTS
(continued)

 

Page

	 	
      (c) 
      Employee-Related Liabilities. Transferor represents that there
      are no employees of Transferor or any Ameren

            
      affiliate employed at the Plant.
	
      5

	 	
      (d) 
      Litigation
	
      5

	 	
      (e) 
      Product, Environmental and Safety Liability
	
      6

	 	
      (f) 
      Taxes
	
      6

	 	
      (g) 
      Liabilities Relating to Retained Assets
	
      6

	 	 	 
	
      ARTICLE
      III.
	
      TRANSFER
      AND EXCHANGE
	
      6

	
      3.1
	
      Payment
	
      6

	
      3.2
	
      Prorations
	
      7

	 	 	 
	
      ARTICLE
      IV.
	
      CLOSING
	
      7

	
      4.1
	
      General
	
      7

	
      4.2
	
      Documents
      to be Delivered by Transferor
	
      7

	
      4.3
	
      Documents
      and Payment to be Delivered by Transferee
	
      8

	
      4.4
	
      Post
      Closing
	
      9

	 	 	 
	
      ARTICLE
      V.
	
      REPRESENTATIONS
      AND WARRENTIES
	
      9

	
      5.1
	
      Representations
      and Warranties of Transferor
	
      9

	 	
      (a) 
      Organization and Standing; Power and Authority
	
      9

	 	
      (b)
       Conflicts; Defaults
	
      9

	 	
      (c) 
      Acquired Assets; Title to the Acquired Assets
	
      10

	 	
      (d) 
      Contracts
	
      11

	 	
      (e) 
      Environmental and Safety Compliance
	
      11

	 	
      (f) 
      Approvals
	
      13

	 	
      (g) 
      Real Property
	
      13

	 	
      (h) 
      Leases
	
      13

	 	 	 
	
      5.2
	
      Representations
      and Warranties of Transferee
	
      14

	 	
      (a) 
      Organization and Standing; Corporate Power and Authority
	
      14

	 	
      (b) 
      Conflicts; Defaults
	
      14

	 	 	 
	
      ARTICLE
      VI.
	
      CONDITIONS
      TO CLOSING
	
      14

	
      6.1
	
      Conditions
      to Transferee’s Obligations
	
      14

	 	
      (a) 
      Representations and Warranties
	
      14

-ii-

 

 

TABLE OF CONTENTS
(continued)

 

Page

	 	
      (b) 
      Covenants
	
      14

	 	
      (c) 
      Consents
	
      14

	 	
      (d) 
      No Proceeding or Litigation
	
      14

	 	
      (e) 
      Certificate of Transferor
	
      15

	 	
      (f) 
      Certificate; Documents
	
      15

	
      6.2
	
      Conditions
      to Transferor’s Obligations
	
      15

	 	
      (a) 
      Representations and Warranties
	
      15

	 	
      (b) 
      Covenants
	
      15

	 	
      (c) 
      Consents
	
      15

	 	
      (d) 
      No Proceeding or Litigation
	
      15

	 	
      (e) 
      Certificate of Transferee
	
      15

	 	
      (f) 
      Certificates; Documents
	
      15

	 	
      (g) 
      Cash Payment
	
      15

	 	 	 
	
      ARTICLE
      VII.
	
      COVENANTS
      OF TRANSFEROR
	
      15

	
      7.1
	
      Conduct
      of Business
	
      15

	 	 	 
	
      ARTICLE
      VIII.
	
      COVENANTS
      OF TRANSFEREE
	
      16

	
      8.1
	
      Maintenance
      of, and Access to, Records
	
      16

	
      8.2
	
      Closing
	
      16

	 	 	 
	
      ARTICLE
      IX.
	
      CERTAIN
      ADDITIONAL COVENANTS
	
      16

	
      9.1
	
      Expenses;
      Transfer Taxes
	
      16

	
      9.2
	
      Bulk
      Transfer Laws
	
      16

	
      9.3
	
      Regulatory
      Approvals
	
      16

	
      9.4
	
      Employee
      Matters
	
      16

	 	 	 
	
      ARTICLE
      X.
	
      TERMINATION
	
      16

	
      10.1
	
      Termination
	
      16

	 	
      (a) 
      Mutual Consent
	
      17

	 	
      (b) 
      Court Order
	
      17

	 	
      (c) 
      Transferee’s Conditions
	
      17

	 	
      (d)
       Transferor’s Conditions
	
      17

	
      10.2
	
      Effect
      of Termination
	
      17

	 	 	 
	
      ARTICLE
      XI.
	
      INDEMNIFICATION
	
      17

-iii-

 

 

TABLE OF CONTENTS
(continued)

 

Page

	
      11.1
	
      Indemnification
      by Transferee
	
      17

	
      11.2
	
      Indemnification
      by Transferor
	
      17

	
      11.3
	
      Notice
      of Claim; Right to Participate in and Defend Third Party
    Claim
	
      17

	
      11.4
	
      Time
      Limitations on Claims for Indemnification
	
      19

	 	 	 
	
      ARTICLE
      XII.
	
      MISCELLANEOUS
	
      19

	
      12.1
	
      Amendments
	
      19

	
      12.2
	
      Entire
      Agreement
	
      19

	
      12.3
	
      Governing
      Law
	
      19

	
      12.4
	
      Notices
	
      19

	
      12.5
	
      Counterparts
	
      19

	
      12.6
	
      Assignment
	
      19

	
      12.7
	
      Waivers
	
      19

	
      12.8
	
      Third
      Parties
	
      20

	
      12.9
	
      Schedules,
      Addenda and Exhibits
	
      20

	
      12.10
	
      Headings
	
      20

	
      12.11
	
      Certain
      Definitions
	
      20

	
      12.12
	
      Remedies
      Not Exclusive
	
      20

	
      12.13
	
      Gender
      and Number
	
      20

	 	 	 
	
      SCHEDULES
	 	 
	 	 	 
	
      Schedule
      1.1(b)
	
      (Fixed
      Assets)
	 
	
      Schedule
      1.1(c)
	
      (Real
      Estate)
	 
	
      Schedule
      1.1(e)
	
      (Intellectual
      Property)
	 
	
      Schedule
      1.1(j)
	
      (Rolling
      Stock and Vehicles)
	 
	
      Schedule
      1.2(a)
	
      (Retained
      Property)
	 
	
      Schedule
      1.2(b)
	
      (Non-Assigned
      Contracts)
	 
	
      Schedule
      1.3(a)
	
      (Required
      Consents)
	 
	
      Schedule
      2.1(a)
	
      (Assumed
      Indebtedness)
	 
	
      Schedule
      3.1
	
      (Transferee
      Note)
	 
	
      Schedule
      4.2(f)
	
      (Existing
      Indebtedness to be Discharged by Closing)
	 
	
      Schedule
      5.1(c)
	
      (Title
      to the Acquired Assets)
	 
	
      Schedule
      5.1(d)
	
      (Contracts)
	 
	
      Schedule
      5.1(e)
	
      (Environmental
      Matters)
	 

-iv-

 

ASSET
TRANSFER AGREEMENT

 

THIS
ASSET TRANSFER AGREEMENT (this "Agreement") dated as of May 2, 2005 between
Ameren Energy Generating Company, an Illinois corporation ("Transferor") and
Union Electric Company, a Missouri corporation d/b/a AmerenUE
("Transferee").

 

W I T N E S S E T H:

 

WHEREAS,
Transferor operates plants and related facilities for the generation of
electricity which is sold at wholesale through AmerenEnergy Marketing Company
(“AEM”) and AmerenEnergy, Inc. (“AmerenEnergy”); and

 

WHEREAS,
Transferor desires to transfer to Transferee all of its right, title and
interest in and to its gas-fired electric generating station located in
Kinmundy, Illinois and located on the real estate described under "Fee Property
- Kinmundy" on Schedule 1.1(c) (Real Estate) (the “Plant”); and

 

WHEREAS,
Transferee desires to acquire the Plant from Transferor, upon the terms and
subject to the conditions hereinafter set forth, in exchange for the cash
purchase price described herein and the assumption by Transferee of certain
liabilities and obligations of Transferor specifically disclosed in this
Agreement.

 

NOW,
THEREFORE, in consideration of the premises and the mutual covenants hereinafter
contained and other good and valuable consideration had and received, Transferee
and Transferor, on the basis of, and in reliance upon, the representations,
warranties, covenants, obligations and agreements set forth in this Agreement,
and upon the terms and subject to the conditions contained herein, hereby agree
as follows:

 

ARTICLE
I.  TRANSFER
OF ASSETS

 

1.1.  Transfer
of Assets. At the
Closing (as defined in Section 4.1), Transferee shall acquire from Transferor,
and Transferor shall transfer, convey, assign, contribute and deliver to
Transferee, all of the assets, properties, rights and interests owned, used,
occupied or held by or for the benefit of Transferor in the operation of the
Plant wherever situated, as the same shall exist as of the Closing Date,
including, without limitation, the following.

 

(a)  Inventory. All
inventories of products, work-in-process, finished goods, raw materials, coal,
oil, gas and other fuel supplies and parts relating to the Plant (collectively,
"Inventory" or "Inventories"), including, without limitation, all Inventories
located at the facilities listed on Schedule 1.1(c) (Real Estate).

 

(b)  Fixed
Assets. All
tangible personal property, plant and equipment including, without limitation,
buildings, structures, generators, turbines, gas supply pipelines and equipment,
fixtures, machinery and equipment, maintenance machinery and equipment, vehicles
and rolling stock, office furniture and office equipment, other furnishings,
leasehold 

 

 

 

 

improvements
and construction-in-process, and all tangible personal property set forth on
Schedule 1.1(b) (Fixed Assets) (collectively, the "Fixed
Assets").

 

(c)  Real
Property. All
real property rights and interests of any kind whatsoever owned by Transferor
and relating to the Plant, including the rights and interests identified under
the heading "Fee Property" on Schedule 1.1(c) (Real Estate), which consist of:
(i) the land more particularly described under such heading, which descriptions
are incorporated herein by reference, (ii) any easements or other interests in
real property necessary for the operation of the Plant including those described
under the heading "Easements" on Schedule 1.1(c) (Real Estate), (iii) all
buildings, structures, and leasehold improvements located thereon and all
appurtenances relating thereto, and (iv) all fixtures, machinery, apparatus or
equipment affixed to said premises, including, without limitation, all of the
electrical, heating, plumbing, air conditioning, air compression and all other
systems located on said premises, and all other structures, fences and
improvements (collectively, the "Fee Property").

 

(d)  Leased
Property. All
rights and interests under the lease or license agreements (the "Lease
Agreements") more particularly described under the heading "Leased Property" on
Schedule 1.1(c) (Real Estate) attached hereto, which descriptions are
incorporated herein by reference (the premises subject to the Lease Agreements
being hereinafter collectively referred to as the "Leased
Property").

 

(e)  Intellectual
Property Rights. Any and
all intellectual property owned or possessed by Transferor and related to the
Plant including without limitation, copyrights, trade secrets, trademarks and
patents and identified on Schedule 1.1(e).

 

(f)  Business
Records. All
books and records relating to the Plant, including, without limitation, all
files, invoices, forms, accounts, correspondence, production records, technical,
accounting, manufacturing and procedural manuals, employment records, studies,
reports or summaries relating to any Environmental Requirements (as defined in
Section 5.1(e)), and other books and records relating to the operation of any of
the Acquired Assets (as defined in this Section 1.1) or other assets or
properties associated with the Plant, and any confidential information which has
been reduced to writing or other tangible medium relating to or arising out of
the Plant (collectively, the "Business Records").

 

(g)  Contracts. Subject
to Section 1.2(b) and 1.3, all rights, benefits and interests of Transferor in
and to all licenses, leases, contracts, agreements, commitments and undertakings
relating to the Plant including without limitation those listed on Schedule
5.1(d).

 

(h)  Permits. All
licenses, permits, approvals, variances, waivers or consents (collectively, the
"Permits"), to the extent transferable, issued by any United States, state or
local governmental entity or municipality or subdivision thereof or any
authority, department, commission, board, bureau, agency, court or
instrumentality (collectively, "Governmental Authorities") and used in or
necessary to the operation of the Plant.

 

(i)  Insurance. All
rights, claims and benefits of Transferor in, to or under all insurance policies
maintained by Transferor solely for the Plant or the Acquired Assets.

 

 

2

 

(j)  Rolling
Stock and Vehicles. All
vehicles and rolling stock used in the Plant and included as part of Fixed
Assets and as more particularly described in Schedule 1.1(j) “Rolling Stock
and Vehicles.”

 

(k)  Miscellaneous. Except
for the Retained Assets (as defined in Section 1.2), all other assets,
properties, rights and interests of Transferor otherwise employed in or related
to the operation of the Plant, of every kind, nature and description, whether
tangible or intangible, real, personal or mixed, and wherever situated all of
which are to be transferred, conveyed, assigned, contributed and delivered to
Transferee at the Closing pursuant to this Agreement.

 

All of
the assets, properties, rights and interests owned, used, occupied or held by or
for the benefit of the Transferor in the operation of the Plant, which are to be
sold, transferred, conveyed, assigned and delivered by Transferor to Transferee
at the Closing as contemplated herein, including without limitation, those
described in clauses (a) through (k) above, but excluding the Retained Assets,
are referred to herein collectively as the "Acquired Assets." 

 

1.2.  Retained
Assets.
Anything in Section 1.1 to the contrary notwithstanding, the following assets
(collectively, the "Retained Assets") shall be retained by Transferor, and
Transferee shall in no way be construed to have acquired (or to be obligated to
acquire) any interest whatsoever in any of the following.

 

(a)  Designated
Assets. Any of
the assets, properties, rights and/or interests, owned, used, occupied or held
by or for the benefit of Transferor in the operation of the Plant that are
identified on Schedule 1.2(a) (Retained Property) (collectively, the "Designated
Assets").

 

(b)  Non-Assigned
Contracts. All of
the rights and interests, and all of the liabilities and obligations, of
Transferor in, under or pursuant to any license, lease, contract, agreement,
commitment or undertaking entered into in connection with, or otherwise relating
to, the Plant, that are identified on Schedule 1.2(b) (Non-Assigned Contracts)
(collectively, the "Non-Assigned Contracts").

 

(c)  Employee
Plan Assets. The
rights of Transferor or its parent, Ameren Corporation ("Parent") under, and any
funds and property held in trust or any other funding vehicle pursuant to, any
"employee benefit plan" (within the meaning of Section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA")) or any other
bonus, stock option, stock appreciation, stock purchase, severance, termination,
lay-off, leave of absence, disability, workers' compensation, pension, profit
sharing, retirement, vacation or holiday pay, insurance, deferred compensation
or other employee or welfare benefit plan, agreement or arrangement of
Transferor or Parent applicable to past, present or future employees employed in
connection with the Plant (collectively, "Employee Plans").

 

(d)  Corporate
Records.
Transferor's minute books, stock books, stock ledger and corporate seal and all
other books and records relating to business of the Transferor other than the
Plant.

 

1.3.  Assignability
and Consents.

 

 

3

 

(a)  Required
Consents.
Schedule 1.3(a) (Required Consents) sets forth, under the heading "Assignability
and Consents," a list of all Acquired Assets, including Contracts, Permits and
Lease Agreements (but excluding leases of office equipment involving future
payments of less than $500,000 in the aggregate), which are non-assignable or
non-transferable or cannot be subleased to Transferee without the consent of
some other individual, partnership, corporation, association, joint stock
company, trust, joint venture, limited liability company or Governmental
Authority (collectively, "Person"). Schedule 1.3(a) (Required Consents) sets
forth, under the heading "Regulatory Approvals," a list of all necessary
approvals of any Governmental Authority whose approval is required for the
transactions contemplated by this Agreement. Transferor and Transferee have each
commenced and shall continue to take, or cause to be taken by others, all
necessary actions required to obtain or satisfy, at the earliest practicable
date, all consents, novations, approvals, authorizations, requirements
(including filing and registration requirements), waivers and agreements
("Consents") from any Persons necessary to authorize, approve or permit the full
and complete conveyance, assignment, sublease or transfer of the Acquired
Assets, and to consummate and make effective the transactions contemplated by
this Agreement and to continue such efforts as may be required after the Closing
Date to facilitate the full and expeditious transfer of legal title, or the
sublease, as the case may be, of the Acquired Assets.

 

(b)  Nonassignable
Items.
Anything in this Agreement to the contrary notwithstanding, this Agreement shall
not constitute an Agreement to sell, convey, assign, sublease or transfer any
Acquired Assets, including Contracts, Permits and Lease Agreements, if an
attempted conveyance, assignment, sublease or transfer thereof, without the
Consent of another party thereto or a Governmental Authority would constitute a
breach of, or in any way affect the rights of Transferor or Transferee with
respect to such Acquired Asset ("Nonassignable Items"). Transferor shall use its
best efforts and Transferee shall cooperate in all reasonable respects with
Transferor to obtain and satisfy all Consents and to resolve all
impracticalities of conveyance, assignment, sublease or transfer necessary to
convey to Transferee all Nonassignable Items.

 

ARTICLE
II.  LIABILITIES

 

2.1.  Assumption
of Liabilities. On the
terms and subject to the conditions set forth in this Agreement, Transferee
shall assume, at the Closing and effective as of the Closing Date, and shall
thereafter pay, perform and discharge as and when due the following, and only
the following, liabilities and obligations of Transferor (collectively, the
"Assumed Liabilities").

 

(a)  Balance
Sheet. All
liabilities and obligations of Transferor as set forth on the unaudited balance
sheet (the "Closing Date Balance Sheet") relating to the Plant prepared by
Transferor as of the Closing Date, including without limitation the assumed
indebtedness identified on Schedule 2.1(a) (Assumed Indebtedness), less payments
thereon or discharges thereof prior to the Closing Date. An estimate of the
liabilities and obligations shall be prepared for purposes of Section 4.3 as of
a date not more than 60 days prior to the Closing Date (the "Estimated Balance
Sheet Date"). The actual liabilities and obligations assumed shall be as shown
on the Closing Date Balance Sheet prepared as provided in Section
4.4(a).

 

 

4

 

 

(b)  Trade
Payables. All
liabilities and obligations of Transferor relating to the Plant that constitute
trade payables due to suppliers as payment for Inventory included in the
Acquired Assets and incurred by Transferor in the ordinary and normal course of
business at the Closing Date (in transactions in the ordinary and normal course)
and consistent with past practice and the representations, warranties,
covenants, obligations and agreements set forth in this Agreement ("Trade
Payables").

 

(c)  Contracts. All
liabilities and obligations of Transferor arising under the terms of the
Contracts other than contracts that constitute Non-Assigned Contracts (the
"Assumed Contracts") but only to the extent such liabilities and obligations
arise or accrue after the Closing Date in the ordinary and normal course and
consistent with the representations, warranties, covenants, obligations and
agreements set forth in this Agreement; provided, however, that Transferee shall
not assume or be responsible for any such liabilities or obligations which arise
from breaches thereof or defaults thereunder by Transferor, all of which
liabilities and obligations shall constitute Retained Liabilities (as defined in
Section 2.2).

 

(d)  Employee
Matters.
Transferor represents that there are no employees of Transferor or any Ameren
affiliate employed at the Plant.

 

(e)  Liabilities
and Obligations. All
liabilities and obligations of Transferor relating to environmental permits,
variances or orders issued by local, state or federal governmental authorities
as identified on Schedule 5.1(e).

 

2.2.  Retained
Liabilities. Except
as provided in Section 2.1, Transferor shall retain, and Transferee shall not
assume, or be responsible for or liable with respect to, any liabilities or
obligations of, Transferor, or otherwise relating to the Plant, whether or not
of, associated with, or arising from, any of the Acquired Assets, and whether
fixed, contingent or otherwise, known or unknown (collectively referred to
hereinafter as the "Retained Liabilities"), including, without limitation, the
following.

 

(a)  Pre-Closing. All
liabilities and obligations relating to, based in whole or in part on events or
conditions occurring or existing in connection with, or arising out of, the
Plant as operated prior to the Closing Date, or the ownership, possession, use,
operation or other disposition prior to the Closing Date of any of the Acquired
Assets (or any other assets, properties, rights or interests associated, at any
time prior to the Closing Date, with the Plant).

 

(b)  Liabilities
Relating to the Transfer of Acquired Assets. All
liabilities and obligations of Transferor or any of its Affiliates (as defined
in Section 12.11) except Transferee, or their respective directors, officers,
shareholders or agents, arising out of, or relating to, this Agreement or the
transactions contemplated hereby, whether incurred prior to, at, or subsequent
to the Closing Date.

 

(c)  Employee-Related
Liabilities.
Transferor represents that there are no employees of Transferor or any Ameren
affiliate employed at the Plant. 

 

(d)  Litigation. All
liabilities and obligations relating to any litigation, action, suit, claim,
notice of violation, investigation, inquiry or proceeding (collectively
"Claims") pending on the date hereof, or instituted hereafter, based in whole or
in part on events or 

 

 

5

 

 

conditions
occurring or existing in connection with, or arising out of, or otherwise
relating to, the Plant as operated by Transferor or any of its Affiliates (or
any of their respective predecessors-in-interest) except Transferee, or the
ownership, possession, use, operation, sale or other disposition prior to the
Closing Date of any of the Acquired Assets (or any other assets, properties,
rights or interests associated, at any time prior to the Closing Date, with the
Plant).

 

(e)  Product,
Environmental and Safety Liability. All
liabilities and obligations relating to the Plant or the Acquired Assets (or any
other assets, properties, rights or interests associated, at any time prior to
the Closing Date, with the Plant or the Acquired Assets), based in whole or in
part on events or conditions occurring or existing prior to the Closing Date and
connected with, arising out of or relating to (i) any dispute for services
rendered or goods manufactured, including, without limitation, product warranty
Claims and product liability Claims, and Claims for refunds, returns, personal
injury and property damage, (ii) Hazardous Materials, Environmental Requirements
or Environmental Damages (all as defined in Section 5.1(e)), (iii) Claims
relating to employee health and safety, including Claims for injury, sickness,
disease or death of any Person, or (iv) compliance with any Laws relating to any
of the foregoing. For purposes of this Agreement, the term "Laws" shall mean any
statutes, laws, rules, regulations, orders, ordinances, codes and decrees of
Governmental Authorities.

 

(f)  Taxes. All
liabilities and obligations of Transferor or any of its Affiliates other than
Transferee (or any of their respective predecessors-in-interest) for any Taxes
(as hereinafter defined) due or becoming due by reason of (i) the conduct of the
Plant, or (ii) the ownership, possession, use, operation, purchase, acquisition,
sale or disposition, of any of the Acquired Assets, including, without
limitation, (i) Taxes attributable to the sale of electricity and employee
withholding tax obligations; (ii) Taxes imposed on, or accruing as a result of
the transfer of the Acquired Assets; and (iii) Taxes attributable to, or
resulting from, recapture of depreciation, other tax benefit items, or otherwise
arising from the transactions contemplated by this Agreement. For purposes of
this Agreement, the term "Tax" or "Taxes" means all net income, gross income,
gross receipts, sales, use, ad valorem, personal property, real property,
transfer, franchise, profits, license, withholding, payroll, employment, excise,
severance, stamp, occupation, premium, property or windfall profits, taxes,
customs duties or other taxes, fees, assessments or charges of any kind
whatsoever, including without limitation, any assessment which Transferor may
have had the option to pay in installment payments over a period of time which
extends beyond the Closing Date,
together with any interest and any penalties, additions to tax or additional
amounts imposed by any taxing authority (domestic or foreign). Notwithstanding
anything to the contrary in this Section 2.2(f), all real estate property
transfer taxes shall be paid by Transferor as provided in Section 9.1
hereof.

 

(g)  Liabilities
Relating to Retained Assets. All
liabilities and obligations relating to, based in whole or in part on events or
conditions occurring or existing in connection with, or arising out of, any and
all assets, properties, rights and interests which are not being acquired by
Transferee hereunder, including, without limitation, the Retained
Assets.

 

ARTICLE
III.  TRANSFER
AND EXCHANGE

 

3.1.  Payment. In full
consideration for the transfer of the Acquired Assets, but subject to the
adjustment, if any, required by Section 3.2, at the Closing, Transferee
shall deliver to 

 

 

6

 

 

Transferor
cash in the amount equal to the Net Book Value of the Acquired Assets (the “Cash
Payment”) in immediately available funds transferred to a bank account of
Transferor in accordance with instructions delivered to Transferee not later
than the business day prior to the Closing, subject to adjustment as provided in
Section 4.4(c). Net Book Value shall be calculated as provided in Section
4.3(c).

 

3.2.  Prorations.

 

(a)  Transferor
and Transferee shall prorate, as of the Closing Date, all real estate taxes
payable with respect to the Fee Property (but not including any current
assessments against the Fee Property which Transferor is required to have paid
in full prior to the Closing Date as provided under Section 2.2(f)
herein).

 

(b)  Transferee
and Transferor shall use their reasonable best efforts to calculate all
prorations. The credit that Transferee is entitled to receive from Transferor
for the unpaid portion (as of the Closing Date) of the 2004 real estate taxes
shall be referred to herein as the "2004 Real Estate Tax Credit", and the credit
that Transferee is entitled to receive from Transferor for the 2005 real estate
taxes owed for the period during which Transferor owned the Fee Property during
the year 2005 shall be referred to herein as the "2005 Real Estate Tax
Credit".

 

ARTICLE
IV.  CLOSING

 

4.1.  General. As used
in this Agreement, the "Closing" shall mean the time at which Transferor
consummates the assignment, transfer and delivery of the Acquired Assets to
Transferee as provided herein by the execution and delivery by Transferor of the
documents and instruments referred to in Section 4.2 against delivery by
Transferee of the documents and payments provided in Sections 3.1 and 4.3. In
the absence of a prior termination of this Agreement by one of the parties in
accordance with Article X, the Closing shall take place at the offices of Ameren
Corporation, One Ameren Plaza, 1901 Chouteau Avenue, St. Louis, Missouri at 9:00
A.M. on May 2, 2005, or at such other time and place and on such other day as
shall be mutually agreed upon in writing by the parties hereto (the "Closing
Date"). Legal title, equitable title and risk of loss with respect to the
Acquired Assets shall not pass to Transferee until the Acquired Assets are
transferred at the Closing,
which transfer, once it has occurred, shall be deemed effective for tax,
accounting and other computational purposes as of the Closing Date.

 

4.2.  Documents
to be Delivered by Transferor. At the
Closing, Transferor shall deliver to Transferee.

 

(a)  Copies of
the resolutions of the Boards of Directors of Transferor authorizing and
approving this Agreement and all other transactions and agreements contemplated
hereby certified by the respective corporate Secretaries or Assistant
Secretaries of Transferor and Parent to be true, correct, complete and in full
force and effect and unmodified as of the Closing Date.

 

(b)  An instrument transferring the
Acquired Assets to Transferee, free and clear of any and all liens, equities,
Claims, prior assignments, mortgages, charges, security
interests, pledges, conditional sales contracts, collateral security
arrangements and other title

 

 

7

 

 

retention
arrangements, restrictions (including, in the case of real property, rights of
way, use restrictions, and other variances, reservations or limitations of any
nature) or encumbrances whatsoever (collectively, "Liens") other than Permitted
Liens.

 

(c)  Copies of
all Consents to the transfer, assignment or sublease to Transferee of each
Acquired Asset that requires such Consent, including, without limitation, orders
or approvals of each Governmental Authority required as shown on Schedule 1.3(a)
under the heading “Regulatory Approvals”.

 

(d)  The
Officer's Certificate (as defined in Section 6.1(e)) required by
Section 6.1(e).

 

(e)  Special
Warranty Deeds (the "Deed") in recordable form and in form and substance
satisfactory to Transferee conveying the Fee Property to Transferee, free and
clear of all Liens whatsoever except for Permitted Liens (as defined in Section
5.1(c)).

 

(f)  Releases,
including, without limitation, termination statements under the Uniform
Commercial Code of any financing statements filed against any Acquired Assets,
evidencing discharge, removal and termination of all Liens, if any, to which the
Acquired Assets are subject (other than Liens relating to Assumed Indebtedness
identified on Schedule 2.1(a)) in connection with the indebtedness described in
Schedule 4.2(f) (Existing Indebtedness to be Discharged by Closing) which
releases shall be effective at or prior to the Closing. 

 

(g)  FIRPTA
Affidavit (a Non-Foreign Person Affidavit as required by Section 1445 of the
Internal Revenue Code of 1986, as amended).

 

(h)  Such
other deeds, endorsements, assignments, affidavits, and other good and
sufficient instruments of assignment, conveyance and transfer in form and
substance satisfactory to Transferee, as are required to effectively vest in
Transferee good and marketable title in and to all of the Acquired Assets, free
and clear of any and all Liens other than Permitted Liens.

 

4.3.  Documents
and Payment to be Delivered by Transferee. At the
Closing, Transferee shall deliver to Transferor.

 

(a)  A copy of
the resolutions of the Board of Directors of Transferee authorizing and
approving this Agreement and all other transactions and agreements contemplated
hereby certified by the Secretary or an Assistant Secretary of Transferee to be
true, correct, complete and in full force and effect and unmodified as of the
Closing Date.

 

(b)  The
Officer's Certificate required by Section 6.2(e).

 

(c)  Transferee
will pay to Transferor the estimated Cash Payment based on Net Book Value as of
the Estimated Balance Sheet Date, which shall be the book value minus
accumulated depreciation of the Transferred Assets as of the Estimated Balance
Sheet Date determined in accordance with Generally Accepted Accounting
Principles.

 

(d)  An
instrument of assumption of the Assumed Liabilities.

 

 

8

 

 

4.4.  Post
Closing.

 

(a)  Within 90
days after the Closing Date, Transferor shall deliver to Transferee a final
Closing Date Balance Sheet.

 

(b)  Transferee
shall calculate the 2004 Real Estate Tax Credit and the 2005 Real Estate Tax
Credit promptly after the relevant tax bills have been received and shall
deliver such calculation to Transferor.

 

(c)  Promptly
upon calculation of the real estate credits referred to in Section 3.2(b),
Transferor shall pay to Transferee the 2004 Real Estate Tax Credit and the 2005
Real Estate Tax Credit. If the Closing Date Balance Sheet shows that the
estimated Cash Payment paid on the Closing Date was more or less than the actual
Cash Payment calculated based on the Closing Date Balance Sheet, the appropriate
payment will be made promptly from Transferor to Transferee or vice versa.
Payments due to or from the parties under this Section 4.4(c) may be offset
against each other.

 

ARTICLE
V.  REPRESENTATIONS
AND WARRANTIES

 

5.1.  Representations
and Warranties of Transferor. Subject
only to those exceptions and qualifications listed and described (including an
identification by section reference to the representations and warranties to
which such exceptions and qualifications relate) on the disclosure schedules
attached to this Agreement, Transferor hereby represents and warrants to
Transferee as follows.

 

(a)  Organization
and Standing; Power and Authority.
Transferor is a corporation duly organized, validly existing and in good
standing under the laws of the State of Illinois, and has full corporate power
and authority to operate the Plant, to own or lease the Acquired Assets, and to
enter into and perform this Agreement and the transactions and other agreements
and instruments contemplated by this Agreement. This Agreement and all other
agreements and instruments executed and delivered or to be executed and
delivered by Transferor in connection herewith (collectively, the "Transaction
Documents") have been, or upon execution thereof will be, duly executed and
delivered by Transferor, as the case may be. This Agreement and the transactions
and other agreements and instruments contemplated hereby have been duly approved
by the board of directors of Transferor and constitute the valid and binding
obligations of Transferor, enforceable in accordance with their respective
terms.

 

(b)  Conflicts;
Defaults. Neither
the execution and delivery of this Agreement and the other agreements and
instruments executed or to be executed in connection herewith by Transferor, nor
the performance by Transferor of the transactions contemplated hereby or
thereby, will (i) violate, conflict with, or constitute a default under, any of
the terms of Transferor's Articles of Incorporation or By-Laws, or any
provisions of, or result in the acceleration of any obligation under, any
contract, sales commitment, license, purchase order, security agreement,
mortgage, note, deed, lien, lease, agreement or instrument, including, without
limitation, the Contracts, or any order, judgment or decree, relating to the
Plant or the Acquired Assets, or by which Transferor or the Acquired Assets are
bound, (ii) result in the creation or imposition of any Liens or Claims in favor
of any third Person or entity upon any of 

 

 

9

 

 

the
Acquired Assets, (iii) violate any law, statute, judgment, decree, order, rule
or regulation of any Governmental Authority, (iv) constitute an event which,
after notice or lapse of time or both, would result in such violation, conflict,
default, acceleration, or creation or imposition of Liens or Claims, (v)
constitute an event which, after notice or lapse of time or otherwise would
create, or cause to be exercisable or enforceable, any option, agreement or
right of any kind to purchase any of the Acquired Assets. Except as set forth on
Schedule 5.1(d), no consent, novation, approval, filing or authorization will be
required to be obtained or satisfied for the continued performance by Transferee
following the Closing of any contract, agreement, commitment or undertaking
included in the Acquired Assets. Transferor is not in violation of or in default
under its Articles of Incorporation or Bylaws, or any provision of any contract,
sales commitment, license, purchase order, security agreement, mortgage, note,
deed, lien, lease, agreement or instrument, including without limitation, the
Contracts, or any order, judgment or decree, relating to the Plant or the
Acquired Assets, or by which Transferor or the Acquired Assets is bound, or in
the payment of any of Transferor's monetary obligations or debts relating to the
Plant, and there exists no condition or event which, after notice or lapse of
time or both, would result in any such violation or default.

 

(c)  Acquired
Assets; Title to the Acquired Assets. Except
for the Retained Assets, the Acquired Assets are the only assets, properties,
rights and interests used by Transferor in connection with the Plant. The
Acquired Assets to be conveyed to Transferee under this Agreement constitute all
of the assets, properties, rights and interests necessary to operate the Plant
in substantially the same manner as operated by Transferor prior to the date of
this Agreement. Transferor has good, marketable and exclusive title to, and the
valid and enforceable power and unqualified right to use and transfer to
Transferee, each of the Acquired Assets, and the Acquired Assets are free and
clear of all Liens and Claims of any kind or nature whatsoever, except for
Permitted Liens. The consummation of the transactions contemplated by this
Agreement (including, without limitation, the transfer or assignment of the
Acquired Assets, and all rights and interests therein, to Transferee as
contemplated herein) will not adversely affect such title or rights, or any
terms of the applicable agreements (whether written or oral) evidencing,
creating or granting such title or rights. None of the Acquired Assets are
subject to, or held under, any lease, mortgage, security agreement, conditional
sales contract or other title retention agreement, or are other than in the sole
possession and under the sole control of Transferor except as described on
Schedule 5.1(c) (Title to the Acquired Assets). Transferor has the right under
valid and existing leases to occupy, use or control all properties and assets
leased by it and included in the Acquired Assets. The delivery to Transferee of
the instruments of transfer of ownership contemplated by this Agreement will
vest good, marketable and exclusive title (as to all Acquired Assets owned by
Transferor) or full right to possess and use (as to all Acquired Assets not
owned by Transferor) to the Acquired Assets in Transferee, free and clear of all
Liens and Claims of any kind or nature whatsoever, except for (i) current real
estate Taxes or governmental charges or levies which are a Lien but not yet due
and payable, (ii) Liens disclosed as securing specified liabilities on the
Closing Date Balance Sheet with respect to which no default exists, (iii) Liens
disclosed on Schedule 5.1(c) (Title to the Acquired Assets), under the heading
"Liens," and (iv) minor imperfections of title, if any, none of which are
substantial in amount, or materially detract from the value or impair the use of
the property subject thereto or the operation of the Plant and which have arisen
only in the ordinary and normal course of business consistent with past practice
(the Liens described in clauses (i), (ii), (iii) and (iv) being collectively
referred to herein as "Permitted Liens").

 

 

10

 

 

(d)  Contracts.
Schedule 5.1(d) (Contracts) contains a complete list or description of each
material license, contract, agreement, commitment and undertaking relating to
the Plant or to which Transferor is a party (collectively referred to as the
"Contracts").

 

(e)  Environmental
and Safety Compliance.

 

(i)  General.
Transferee agrees that, except as expressly contained in this Agreement, no
representations by or on behalf of Transferor have been made as to the condition
of the Real Property and Fixed Assets, any restrictions related to the
development of the Real Property and Fixed Assets, the applicability of any
governmental requirements pertaining to the Real Property and Fixed Assets, or
the suitability of the Real Property and Fixed Assets for any purpose
whatsoever. Transferor agrees to assign, transfer or otherwise convey all
environmental permits and licenses to Transferee and to take all necessary steps
with the appropriate governmental authorities to effectuate such transfers. A
list of all applicable permits are set forth on Schedule 5.1(e) (Environmental
Matters).

 

(ii)  Definitions.

 

	(A)  	
      For
      purposes of this Agreement, the term "Hazardous Material" means any
      substance:

 

	(1)  	
      the
      presence of which requires investigation or remediation under any federal,
      state or local statute, regulation, ordinance, order, action, policy or
      common law; or

 

	(2)  	
      which
      is or has been identified as a potential "hazardous waste," "hazardous
      substance," pollutant or contaminant under any federal, applicable state
      or local statute, regulation, rule or ordinance or amendments thereto
      including, without limitation, the Comprehensive Environmental Response,
      Compensation and Liability Act (42 U.S.C. §§ 9601 et seq.) and/or the
      Resource Conservation and Recovery Act (42 U.S.C. §§ 6901 et seq.);
      or

 

	(3)  	
      which
      is toxic, explosive, corrosive, flammable, infectious, radioactive,
      carcinogenic, mutagenic, reactive, or otherwise hazardous and has been
      identified as regulated by any Governmental
Authority.

 

	(B)  	
      For
      purposes of this Agreement, the term "Environmental Requirements" means
      all applicable Laws, Permits and similar items of all Governmental
      Authorities and all applicable judicial, administrative, and regulatory
      judgments, decrees, orders, writs or injunctions relating to the
      protection of human health or the environment, including, without
      limitation:

 

	(1)  	
      All
      requirements pertaining to reporting, licensing, permitting,
      investigation, and remediation of emissions, discharges, releases, or
      threatened releases of Hazardous Materials;

 

 

11

 

 

	(2)  	
      All
      requirements pertaining to the protection of the health and safety of
      employees or the public; and

 

	(3)  	
      All
      other limitations, restrictions, conditions, standards, prohibitions,
      obligations, schedules and timetables contained therein or in any notice
      or demand letter issued, entered, promulgated or approved
      thereunder.

 

	(C)  	
      For
      purposes of this Agreement, the term "Environmental Damages" means any and
      all Liabilities (as defined in Section 11.1) which are incurred at any
      time as a result of the existence prior to Closing of Hazardous Material
      upon, about, beneath the Property or migrating or threatening to migrate
      to or from the Property, or the existence of a violation of Environmental
      Requirements pertaining to the Property, regardless of whether the
      existence of such Hazardous Material or the violation of Environmental
      Requirements arose prior to the present ownership or operation of the
      Property, and including without limitation:

 

	(1)  	
      Damages
      for personal injury, or injury to property or natural resources occurring
      upon or off of the Property, foreseeable or unforeseeable, including,
      without limitation, lost profits, consequential damages, the cost of
      demolition and rebuilding of any improvements on real property, interest
      and penalties;

 

	(2)  	
      Fees
      incurred for the services of attorneys, consultants, contractors, experts,
      laboratories and all other costs incurred in connection with the
      investigation or remediation of such Hazardous Materials or violation of
      Environmental Requirements including, but not limited to, the preparation
      of any feasibility studies or reports or the performance of any cleanup,
      remediation, removal, response, abatement, containment, closure,
      restoration or monitoring work required by any Governmental Authority, or
      reasonably necessary to make full economic use of the Property or any
      other property in a manner consistent with its intended use or otherwise
      expended in connection with such conditions, and including without
      limitation any attorneys' fees, costs and expenses incurred in enforcing
      this Agreement or collecting any sums due
hereunder;

 

	(3)  	
      Liability
      to any third Person or Governmental Authority to indemnify such Person or
      Governmental Authority for costs expended in connection with the items
      referenced in subparagraph (iii) of Section 11.2(b);
and

 

	(4)  	
      Diminution
      of the value of the Property, and damages for the loss of business and
      restriction on the use of or adverse impact on the marketing of rentable
      or usable space or of any amenity of the
Property.

 

 

12

 

 

(f)  Approvals.
Schedule 1.3(a) (Required Consents) sets forth a list of all Consents, which
must be obtained or satisfied by Transferor for the consummation of the
transactions contemplated by this Agreement, including, without limitation, all
Consents, which must be obtained pursuant to Section 1.3(a). All Consents
prescribed by any Law, or any contract,
agreement, commitment or undertaking, and which must be obtained or satisfied by
Transferor for the consummation of the transactions contemplated by this
Agreement, or for the continued performance by them of their rights and
obligations thereunder, have been, or shall by the Closing have been, made,
obtained and satisfied.

 

(g)  Real
Property.
Schedule 1.1(c) entitled "Real Estate" attached hereto contains a true,
correct and complete list of all instruments and agreements creating any
interest or right in real property relating to the Plant, or owned, leased or
occupied by Transferor (including all easements, buildings, structures, fixtures
and improvements). True, correct and complete copies of the instruments and
agreements identified in such Schedule 1.1(c) have been delivered to
Transferee. Each such instrument and agreement is in full force and effect and
is a legal, binding, and enforceable obligation of the parties thereto and no
event has occurred which constitutes or, with the giving of notice or passage of
time, or both, would constitute a default or breach thereunder. Transferor has
the right to quiet enjoyment of all real property subject to leaseholds under
any such instruments, for the full term of each such lease and any renewal
option related thereto. There has been no disturbance of or challenge to the
Transferor's quiet possession under each such lease, and no leasehold or other
interest of Transferor in such real property is subject to or subordinate to any
Liens except Permitted Liens. Neither the whole nor any portion of any real
property leased or occupied by Transferor has been condemned, requisitioned or
otherwise taken by any Governmental Authority, and, to the best of Transferor's
knowledge, no such condemnation, requisition or taking is threatened or
contemplated. All buildings, structures, fixtures and appurtenances comprising
part of the real properties of Transferor are in good condition and have been
well maintained, normal wear and tear excepted, and there are no material
physical or mechanical defects of the Fee Property which would interfere with
the ongoing operations of the Plant as currently conducted. All water, sewer,
gas and drainage facilities required by the present use and operation of the Fee
Property by Transferor are installed to the property lines of the Fee Property,
are all connected and operating pursuant to valid permits, and are adequate to
service the Fee Property in accordance with the present use and operation of the
Fee Property by Transferor. The Fee Property complies with all applicable laws
and insurance requirements and all zoning, building and other requirements
relating to the use or occupancy of all or any portion of the Fee Property.
There are no pending, or to the best of Transferor's knowledge, contemplated
zoning changes, variances or special zoning agreements affecting or which might
affect the Fee Property.

 

(h)  Leases. Each of
the Leases described on Schedule 1.1(c) entitled "Real Estate" has not been
modified, altered, terminated or revoked, and is in full force and effect.
Transferor, as the present tenant under each Lease, is not in default under, or
in breach of, any of the terms of each Lease, and there are no existing facts or
conditions which could give rise to any such breach or default, or any claim
against Transferor, under each Lease. Each of the present lessors under each
respective Lease is not in default thereunder, or in breach thereof, and there
are no existing facts or conditions which could give rise to any such breach or
default, or any claim against each lessor under each respective
Lease.

 

 

13

 

 

5.2.  Representations
and Warranties of Transferee.
Transferee represents and warrants to Transferor that:

 

(a)  Organization
and Standing; Corporate Power and Authority.
Transferee is a corporation duly organized, validly existing and in good
standing under the laws of the State of Missouri, and has full corporate power
and authority to make and perform this Agreement, and to perform the
transactions contemplated by this Agreement. This Agreement and all other
agreements and instruments executed and delivered by Transferee in connection
herewith have been duly executed and delivered by Transferee. This Agreement and
the transactions and other agreements and instruments contemplated by this
Agreement have been duly approved by the board of directors of Transferee
(approval of Transferee's shareholders not being required), and constitute the
valid and binding obligations of Transferee, enforceable in accordance with
their respective terms.

 

(b)  Conflicts;
Defaults. Neither
the execution and delivery of this Agreement by Transferee, nor the performance
of its obligations hereunder, will conflict with or constitute a default under
any of the terms of Transferee's Articles of Incorporation, as amended, or
Bylaws.

 

ARTICLE
VI.  CONDITIONS
TO CLOSING

 

6.1.  Conditions
to Transferee's Obligations. The
obligation of Transferee to consummate the transactions provided for by this
Agreement is subject to the satisfaction, on or prior to the Closing Date, of
each of the following conditions, any of which may be waived by Transferee
except for the conditions set forth in subsection (c) (as to Consents of
Governmental Authorities) of this Section 6.1.

 

(a)  Representations
and Warranties. Each of
the representations and warranties of Transferor made in Section 5.1 of this
Agreement shall be true and correct in all material respects both on the date
hereof and as of the Closing Date as though made at such time.

 

(b)  Covenants.
Transferor shall have performed and complied with all covenants and agreements
required to be performed or complied with by it at or prior to the Closing
Date.

 

(c)  Consents. All
Consents of Governmental Authorities and third parties described in Sections
1.3, 5.1(f) and 9.3 and necessary to consummate the transactions contemplated
hereunder shall have been obtained and satisfied.

 

(d)  No
Proceeding or Litigation. No
litigation, action, suit, investigation, Claim or proceeding challenging the
legality of, or seeking to restrain, prohibit or materially modify, the
transactions provided for in this Agreement shall have been instituted and not
settled or otherwise terminated.

 

(e)  Certificate
of Transferor. At the
Closing, Transferor shall have delivered to Transferee a certificate (the
"Officer's Certificate") signed by Transferor's President or a Vice President,
and dated the Closing Date, to the effect that to the best of the knowledge of
such officer the conditions specified in Sections 6.1(a), (b), (c) and (d) have
been fulfilled.

 

 

14

 

(f)  Certificate;
Documents.
Transferor and the other Persons shall have delivered the certificates and other
documents required by Section 4.2.

 

6.2.  Conditions
to Transferor's Obligations. The
obligations of Transferor to consummate the transactions provided for by this
Agreement are subject to the satisfaction, on or prior to the Closing Date, of
each of the following conditions, any of which may be waived by Transferor
except for the conditions set forth in subsection (c) of this Section
6.2.

 

(a)  Representations
and Warranties. Each of
the representations and warranties of Transferee made in Section 5.2 of this
Agreement shall be true and correct in all material respects both on the date
hereof and as of the Closing Date as though made at such time.

 

(b)  Covenants.
Transferee shall have performed and complied with all covenants and agreements
required to be performed or complied with by it at or prior to the Closing
Date.

 

(c)  Consents. All
Consents of Governmental Authorities, including those described in Section 9.3,
necessary to consummate the transactions contemplated hereunder shall have been
obtained.

 

(d)  No
Proceeding or Litigation. No
litigation, action, suit, investigation, Claim or proceeding challenging the
legality of, or seeking to restrain, prohibit or materially modify, the
transactions provided for in this Agreement shall have been instituted and not
settled or otherwise terminated.

 

(e)  Certificate
of Transferee. At the
Closing, Transferee shall have delivered to Transferor an Officer's Certificate
signed by the President or a Vice President of Transferee, and dated the Closing
Date, to the effect that to the best of the knowledge of such officer the
conditions specified in Section 6.2(a), (b), (c) and (d) have been
fulfilled.

 

(f)  Certificates;
Documents.
Transferee shall have delivered the certificates and other documents required by
Section 4.3.

 

(g)  Cash
Payment.
Transferee shall have made the Cash Payment required by Section
3.1.

 

ARTICLE
VII.  COVENANTS
OF TRANSFEROR

 

7.1.  Conduct
of Business. During
the period from the date hereof through the Closing Date, Transferor shall
operate the Plant and the Acquired Assets diligently and in the ordinary and
normal course and consistent with past practice and continue normal maintenance,
expenditures in connection with the Plant. Transferor shall engage in no
transactions in connection with the Plant or the Acquired Assets, including
transactions relating to the purchase or sale of goods, raw materials,
inventories or other operating or production items, intracorporate or otherwise,
with any of its Affiliates from the date hereof until the Closing other than (a)
transactions approved by Transferee; or (b) transactions on terms no more
favorable to Transferor or its Affiliates than would have been obtainable in
arm's-length dealing.

 

 

15

 

ARTICLE
VIII.  COVENANTS
OF TRANSFEREE

 

8.1.  Maintenance
of, and Access to, Records. From
and after the Closing, Transferee shall, whenever reasonably requested by
Transferor, permit Transferor to have access to such business records turned
over to Transferee pursuant to this Agreement as may be required by Transferor
in connection with any audit or investigation by any Governmental Authority, or
any matter relating to insurance coverage or third party Claims, in each such
case to the extent relating to the operation of the Plant by Transferor prior to
the Closing. Transferee shall preserve and maintain the records relating to the
Plant and the Acquired Assets permanently.

 

8.2.  Closing.
Transferee shall use its best efforts to cause the conditions set forth in
Section 6.2 to be satisfied by the Closing Date.

 

ARTICLE
IX.  CERTAIN
ADDITIONAL COVENANTS

 

9.1.  Expenses;
Transfer Taxes. Each
party hereto will bear the legal, accounting and other expenses incurred by such
party in connection with the negotiation, preparation and execution of this
Agreement, the Transaction Documents, and the transactions contemplated hereby.
All sales, transfer, recordation and documentary Taxes and fees which may be
payable in connection with the transactions contemplated by this Agreement shall
be borne by Transferor.

 

9.2.  Bulk
Transfer Laws.
Transferee hereby waives compliance by Transferor with the laws of any
jurisdiction relating to bulk transfers which may be applicable in connection
with the transfer of the Acquired Assets to Transferee.

 

9.3.  Regulatory
Approvals.
Transferor will, and will cause its appropriate Affiliates to, and Transferee
will, use, in each case, its best efforts to obtain any authorizations,
consents, orders and approvals of any Governmental Authority necessary for the
performance of its respective obligations pursuant to this Agreement and any of
the other Transaction Documents, and the consummation of the transactions
contemplated hereby and thereby, and will cooperate fully with each other in all
reasonable respects in promptly seeking to obtain such authorizations, consents,
orders and approvals.

 

9.4.  Employee
Matters.
Transferor shall retain all liabilities and obligations in respect of its past,
present and future employees under the Employee Plans and applicable
Laws.

 

ARTICLE
X.  TERMINATION

 

10.1.  Termination. This
Agreement and the transactions contemplated hereby may be terminated at any time
prior to the Closing.

 

(a)  Mutual
Consent. By
mutual written consent of Transferor and Transferee.

 

(b)  Court
Order. By
Transferor or Transferee if consummation of the transactions contemplated hereby
shall violate any non-appealable final order, decree or judgment of any court or
Governmental Authority having competent jurisdiction.

 

 

16

 

 

(c)  Transferee's
Conditions. By
Transferee, if any condition precedent to Transferee's obligation to effect the
Closing as set forth in Section 6.1 is not satisfied, or shall have become
incapable of fulfillment, and such condition is not waived, if waivable, by
Transferee on or prior to the Termination Date.

 

(d)  Transferor's
Conditions. By
Transferor, if any condition precedent to Transferor's obligation to effect the
Closing as set forth in Section 6.2 is not satisfied, or shall have become
incapable of fulfillment, and such condition is not waived, if waivable, by
Transferor on or prior to the Termination Date.

 

10.2.  Effect
of Termination. If this
Agreement is terminated pursuant to Section 10.1, written notice thereof shall
forthwith be given to the other party and this Agreement shall thereafter become
void and have no further force and effect and all further obligations of
Transferor and Transferee under this Agreement shall terminate without further
liability of Transferor or Transferee.

 

ARTICLE
XI.  INDEMNIFICATION

 

11.1.  Indemnification
by Transferee.
From and
after the Closing, Transferee shall indemnify, defend and hold Transferor, its
Affiliates, and their respective directors, officers, representatives, employees
and agents harmless from and against any and all claims, actions, suits,
demands, assessments, judgments, losses, liabilities, damages, costs and
expenses (including, without limitation, interest, penalties, attorneys' fees to
the extent permitted by law, and accounting fees and investigation costs)
(collectively, "Liabilities") that may be incurred by Transferor resulting or
arising from or related to, or incurred in connection with: (a) the failure of
Transferee to assume, pay, perform and discharge the Assumed Liabilities, and
(b) any breach of any representation, warranty, covenant, obligation or
agreement of Transferee contained herein or in any other Transaction
Document.

 

11.2.  Indemnification
by Transferor. From
and after the Closing, Transferor shall indemnify, defend and hold Transferee,
its Affiliates, and their respective directors, officers, representatives,
employees and agents harmless from and against any and all Liabilities that may
be incurred by Transferee resulting or arising from, related to or incurred in
connection with: (i) the failure of Transferor to assume, pay, perform and
discharge the Retained Liabilities and (ii) any breach of any representation,
warranty, covenant, obligation or agreement of Transferor contained herein or in
any other Transaction Document.

 

11.3.  Notice
of Claim; Right to Participate in and Defend Third Party Claim.

 

(a)  If any
indemnified party receives notice of the assertion of any Claim, the
commencement of any suit, action or proceeding, or the imposition of any penalty
or assessment by a third party in respect of which indemnity may be sought
hereunder (a "Third Party Claim"), and the indemnified party intends to seek
indemnity hereunder, then the indemnified party shall promptly provide the
indemnifying party with prompt written notice of the Third Party Claim, but in
any event not later than 30 calendar days after receipt of such notice of Third
Party Claim. The failure by an indemnified party to notify an indemnifying party
of a Third Party Claim shall not relieve the indemnifying party of any
indemnification responsibility under this Article XI, 

 

 

17

 

 

unless
such failure materially prejudices the ability of the indemnifying party to
defend such Third Party Claim.

 

(b)  The
indemnifying party shall have the right to control the defense, compromise or
settlement of the Third Party Claim with its own counsel (reasonably
satisfactory to the indemnified party) if the indemnifying party delivers
written notice to the indemnified party within seven days following the
indemnifying party's receipt of notice of the Third Party Claim from the
indemnified party acknowledging its obligations to indemnify the indemnified
party with respect to such Third Party Claim in accordance with this Article XI,
and establishes security in form and substance reasonably satisfactory to the
indemnified party to secure the indemnifying party's obligations under this
Article XI with respect to such Third Party Claim; provided, however, that the
indemnifying party shall not enter into any settlement of any Third Party Claim
which would impose or create any obligation or any financial or other liability
on the part of the indemnified party if such liability or obligation (i)
requires more than the payment of a liquidated sum, or (ii) is not covered by
the indemnification provided to the indemnified party hereunder. In its defense,
compromise or settlement of any Third Party Claim, the indemnifying party shall
timely provide the indemnified party with such information with respect to such
defense, compromise or settlement as the indemnified party shall request, and
shall not assume any position or take any action that would impose an obligation
of any kind on, or restrict the actions of, the indemnified party. The
indemnified party shall be entitled (at the indemnified party's expense) to
participate in the defense by the indemnifying party of any Third Party Claim
with its own counsel.

 

(c)  In the
event that the indemnifying party does not undertake the defense, compromise or
settlement of a Third Party Claim in accordance with subsection (b) of this
Section 11.3, the indemnified party shall have the right to control the defense
or settlement of such Third Party Claim with counsel of its choosing; provided,
however, that the indemnified party shall not settle or compromise any Third
Party Claim without the indemnifying party's prior written consent, unless (i)
the terms of such settlement or compromise release the indemnified party or the
indemnifying party from any and all liability with respect to the Third Party
Claim, or (ii) the indemnifying party shall not have acknowledged its
obligations to indemnify the indemnified party with respect to such Third Party
Claim in accordance with this Article XI and established security in form and
substance reasonably satisfactory to the indemnified party to secure the
indemnifying party's obligations under this Article XI with respect to such
Third Party Claim. The indemnifying party shall be entitled (at the indemnifying
party's expense) to participate in the defense of any Third Party Claim with its
own counsel.

 

(d)  Any
indemnifiable Claim hereunder that is not a Third Party Claim shall be asserted
by the indemnified party by promptly delivering notice thereof to the
indemnifying party. If the indemnifying party does not respond to such notice
within 60 days after its receipt, it shall have no further right to contest the
validity of such Claim.

 

11.4.  Time
Limitations on Claims for Indemnification. The
right of Transferee to indemnification for any breach of any representation or
warranty shall apply only to those claims for indemnification which are given
pursuant to this Agreement on or before the date which is one year following the
Closing Date.

 

 

18

 

ARTICLE
XII.  MISCELLANEOUS

 

12.1.  Amendments. This
Agreement may be amended only by a writing executed by each of the parties
hereto.

 

12.2.  Entire
Agreement. This
Agreement and the other agreements expressly provided for herein, including the
Transaction Documents, set forth the entire understanding of the parties hereto
with respect to the subject matter hereof, and supersede all prior contracts,
agreements, arrangements, communications, discussions, representations and
warranties, whether oral or written, between the parties.

 

12.3.  Governing
Law. This
Agreement shall in all respects be governed by and construed in accordance with
the laws of the State of Illinois, without regard to its conflicts of law
doctrine.

 

12.4.  Notices. Any
notice, request or other communication required or permitted hereunder shall be
in writing and shall be deemed to have been duly given (a) when received if
personally delivered, (b) within 5 days after being sent by registered or
certified mail, return receipt requested, postage prepaid, (c) within 12 hours
after being sent by telecopy, with confirmed answerback, or (d) within 1
business day of being sent by priority delivery by established overnight
courier. Any party by written notice to the other given in accordance with this
Section 12.4 may change the address or the contact to whom notices or copies
thereof shall be directed.

 

12.5.  Counterparts. This
Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original, and all of which together will constitute one and the
same instrument.

 

12.6.  Assignment. This
Agreement shall be binding upon and inure to the benefit of the successors and
assigns of each party hereto, but no rights, obligations or liabilities
hereunder shall be assignable by either party without the prior written consent
of the other party.

 

12.7.  Waivers. Except
as otherwise provided herein, Transferee or Transferor (acting on behalf of
itself and its appropriate Affiliates), may waive in writing compliance by any
of the other party hereto (to the extent such compliance is for the benefit of
the party giving such waiver) with any of the terms, covenants or conditions
contained in this Agreement or in any of the other Transaction Documents (except
such as may be imposed by law). Any waiver by either party of any violation of,
breach of, or default under, any provision of this Agreement or any of the other
Transaction Documents, by the other party shall not be construed as, or
constitute, a continuing waiver of such provision, or waiver of any other
violation of, breach of or default under any other provision of this Agreement
or any of the other Transaction Documents.

 

12.8.  Third
Parties. Nothing
expressed or implied in this Agreement is intended, or shall be construed, to
confer upon or give any Person or entity other than Transferee and Transferor
any rights or remedies under or by reason of this Agreement.

 

 

19

 

12.9.  Schedules,
Addenda and Exhibits. The
Schedules, Addenda and Exhibits attached to this Agreement are incorporated
herein and shall be part of this Agreement for all purposes.

 

12.10.  Headings. The
headings in this Agreement are solely for convenience of reference and shall not
be given any effect in the construction or interpretation of this
Agreement.

 

12.11.  Certain
Definitions. For
purposes of this Agreement, the term "Affiliate" shall mean any Person that
directly, or indirectly through one or more Persons, controls, is controlled by,
or is under common control with, the Person specified or, directly or
indirectly, is related to or otherwise associated with any such Person or
entity.

 

12.12.  Remedies
Not Exclusive. No
remedy conferred by any of the specific provisions of this Agreement is intended
to be exclusive of any other remedy and each remedy shall be cumulative and
shall be in addition to every other remedy given hereunder or hereafter existing
at law or in equity or by statute or otherwise. No remedy shall be deemed to be
a limitation on the amount or measure of damages resulting from any breach of
this Agreement. The election of any one or more remedies shall not constitute a
waiver of the right to pursue other available remedies.

 

12.13.  Gender
and Number. The
masculine, feminine or neuter gender and the singular or plural number shall
each be deemed to include the others whenever the context so
indicates.

 

[Signature
Page Follows]

 

 

CHI-1465827v2 

20

IN
WITNESS WHEREOF, the parties have caused their duly authorized representatives
to execute this Agreement as of the date first above written.

 

	 	 	 
	 	AMEREN ENERGY
      GENERATING
COMPANY, an Illinois corporation
	 
 	 
 	 
 
		By:  	/s/ Robert L.
  Powers
	 	
      

      Robert L. Powers
	 	Vice
President

 

	 	 	 
	 	UNION ELECTRIC
      COMPANY,
d/b/a AmerenUE, a Missouri corporation
	 
 	 
 	 
 
		By:  	/s/ Dennis W. Weisenborn
	 	
      

    
	 	Vice President

 

 

 

21Exhibit 10.3 Asset Transfer Agreement-Pinckneyville Generation Station

Exhibit
10.3

 

Execution
Copy

 

ASSET
TRANSFER AGREEMENT

PINCKNEYVILLE
GENERATION STATION

between

AMEREN
ENERGY GENERATING COMPANY 

and

UNION
ELECTRIC COMPANY

Dated
as of May 2, 2005

CHI-1465826v2 

TABLE OF CONTENTS

Page

	
      ARTICLE
      I.
	
      TRANSFER
      OF ASSETS
	
      1

	
      1.1
	
      Transfer
      of Assets
	
      1

	 	
      (a) 
      Inventory
	
      1

	 	
      (b) 
      Fixed Assets
	
      1

	 	
      (c) 
      Real Property
	
      2

	 	
      (d)
       Leased Property
	
      2

	 	
      (e) 
      Intellectual Property Rights
	
      2

	 	
      (f) 
      Business Records
	
      2

	 	
      (g) 
      Contracts
	
      2

	 	
      (h) 
      Permits
	
      2

	 	
      (i)  
      Insurance
	
      2

	 	
      (j) 
      Rolling Stock and Vehicles
	
      3

	 	
      (k) 
      Miscellaneous
	
      3

	
      1.2
	
      Retained
      Assets
	
      3

	 	
      (a) 
      Designated Assets
	
      3

	 	
      (b) 
      Non-Assigned Contracts
	
      3

	 	
      (c) 
      Employee Plan Assets
	
      3

	 	
      (d) 
      Corporate Records
	
      3

	
      1.3
	
      Assignability
      and Consents
	
      3

	 	
      (a) 
      Required Consents
	
      4

	 	
      (b) 
      Nonassignable Items
	
      4

	 	 	 
	
      ARTICLE
      II.
	
      LIABILITIES
	
      4

	
      2.1
	
      Assumption
      of Liabilities
	
      4

	 	
      (a) 
      Balance Sheet
	
      4

	 	
      (b) 
      Trade Payables
	
      5

	 	
      (c) 
      Contracts
	
      5

	 	
      (d) 
      Employee Matters
	
      5

	 	
      (e) 
      Liabilities and Obligations
	
      5

	
      2.2
	
      Retained
      Liabilities
	
      5

	 	
      (a) 
      Pre-Closing
	
      5

	 	
      (b) 
      Liabilities Relating to the Transfer of Acquired Assets
	
      5

-i-

 

TABLE OF CONTENTS
(continued)

 

Page

	 	
      (c) 
      Employee-Related Liabilities. Transferor represents that there
      are no employees of Transferor or any Ameren

            
      affiliate employed at the Plant.
	
      5

	 	
      (d) 
      Litigation
	
      5

	 	
      (e) 
      Product, Environmental and Safety Liability
	
      6

	 	
      (f) 
      Taxes
	
      6

	 	
      (g) 
      Liabilities Relating to Retained Assets
	
      6

	 	 	 
	
      ARTICLE
      III.
	
      TRANSFER
      AND EXCHANGE
	
      6

	
      3.1
	
      Payment
	
      6

	
      3.2
	
      Prorations
	
      7

	 	 	 
	
      ARTICLE
      IV.
	
      CLOSING
	
      7

	
      4.1
	
      General
	
      7

	
      4.2
	
      Documents
      to be Delivered by Transferor
	
      7

	
      4.3
	
      Documents
      and Payment to be Delivered by Transferee
	
      8

	
      4.4
	
      Post
      Closing
	
      9

	 	 	 
	
      ARTICLE
      V.
	
      REPRESENTATIONS
      AND WARRENTIES
	
      9

	
      5.1
	
      Representations
      and Warranties of Transferor
	
      9

	 	
      (a) 
      Organization and Standing; Power and Authority
	
      9

	 	
      (b)
       Conflicts; Defaults
	
      9

	 	
      (c) 
      Acquired Assets; Title to the Acquired Assets
	
      10

	 	
      (d) 
      Contracts
	
      11

	 	
      (e) 
      Environmental and Safety Compliance
	
      11

	 	
      (f) 
      Approvals
	
      13

	 	
      (g) 
      Real Property
	
      13

	 	
      (h) 
      Leases
	
      13

	 	 	 
	
      5.2
	
      Representations
      and Warranties of Transferee
	
      14

	 	
      (a) 
      Organization and Standing; Corporate Power and Authority
	
      14

	 	
      (b) 
      Conflicts; Defaults
	
      14

	 	 	 
	
      ARTICLE
      VI.
	
      CONDITIONS
      TO CLOSING
	
      14

	
      6.1
	
      Conditions
      to Transferee’s Obligations
	
      14

	 	
      (a) 
      Representations and Warranties
	
      14

-ii-

 

 

TABLE OF CONTENTS
(continued)

 

Page

	 	
      (b) 
      Covenants
	
      14

	 	
      (c) 
      Consents
	
      14

	 	
      (d) 
      No Proceeding or Litigation
	
      14

	 	
      (e) 
      Certificate of Transferor
	
      15

	 	
      (f) 
      Certificate; Documents
	
      15

	
      6.2
	
      Conditions
      to Transferor’s Obligations
	
      15

	 	
      (a) 
      Representations and Warranties
	
      15

	 	
      (b) 
      Covenants
	
      15

	 	
      (c) 
      Consents
	
      15

	 	
      (d) 
      No Proceeding or Litigation
	
      15

	 	
      (e) 
      Certificate of Transferee
	
      15

	 	
      (f) 
      Certificates; Documents
	
      15

	 	
      (g) 
      Cash Payment
	
      15

	 	 	 
	
      ARTICLE
      VII.
	
      COVENANTS
      OF TRANSFEROR
	
      15

	
      7.1
	
      Conduct
      of Business
	
      15

	 	 	 
	
      ARTICLE
      VIII.
	
      COVENANTS
      OF TRANSFEREE
	
      16

	
      8.1
	
      Maintenance
      of, and Access to, Records
	
      16

	
      8.2
	
      Closing
	
      16

	 	 	 
	
      ARTICLE
      IX.
	
      CERTAIN
      ADDITIONAL COVENANTS
	
      16

	
      9.1
	
      Expenses;
      Transfer Taxes
	
      16

	
      9.2
	
      Bulk
      Transfer Laws
	
      16

	
      9.3
	
      Regulatory
      Approvals
	
      16

	
      9.4
	
      Employee
      Matters
	
      16

	 	 	 
	
      ARTICLE
      X.
	
      TERMINATION
	
      16

	
      10.1
	
      Termination
	
      16

	 	
      (a) 
      Mutual Consent
	
      17

	 	
      (b) 
      Court Order
	
      17

	 	
      (c) 
      Transferee’s Conditions
	
      17

	 	
      (d)
       Transferor’s Conditions
	
      17

	
      10.2
	
      Effect
      of Termination
	
      17

	 	 	 
	
      ARTICLE
      XI.
	
      INDEMNIFICATION
	
      17

-iii-

 

 

TABLE OF CONTENTS
(continued)

 

Page

	
      11.1
	
      Indemnification
      by Transferee
	
      17

	
      11.2
	
      Indemnification
      by Transferor
	
      17

	
      11.3
	
      Notice
      of Claim; Right to Participate in and Defend Third Party
    Claim
	
      17

	
      11.4
	
      Time
      Limitations on Claims for Indemnification
	
      19

	 	 	 
	
      ARTICLE
      XII.
	
      MISCELLANEOUS
	
      19

	
      12.1
	
      Amendments
	
      19

	
      12.2
	
      Entire
      Agreement
	
      19

	
      12.3
	
      Governing
      Law
	
      19

	
      12.4
	
      Notices
	
      19

	
      12.5
	
      Counterparts
	
      19

	
      12.6
	
      Assignment
	
      19

	
      12.7
	
      Waivers
	
      19

	
      12.8
	
      Third
      Parties
	
      20

	
      12.9
	
      Schedules,
      Addenda and Exhibits
	
      20

	
      12.10
	
      Headings
	
      20

	
      12.11
	
      Certain
      Definitions
	
      20

	
      12.12
	
      Remedies
      Not Exclusive
	
      20

	
      12.13
	
      Gender
      and Number
	
      20

	 	 	 
	
      SCHEDULES
	 	 
	 	 	 
	
      Schedule
      1.1(b)
	
      (Fixed
      Assets)
	 
	
      Schedule
      1.1(c)
	
      (Real
      Estate)
	 
	
      Schedule
      1.1(e)
	
      (Intellectual
      Property)
	 
	
      Schedule
      1.1(j)
	
      (Rolling
      Stock and Vehicles)
	 
	
      Schedule
      1.2(a)
	
      (Retained
      Property)
	 
	
      Schedule
      1.2(b)
	
      (Non-Assigned
      Contracts)
	 
	
      Schedule
      1.3(a)
	
      (Required
      Consents)
	 
	
      Schedule
      2.1(a)
	
      (Assumed
      Indebtedness)
	 
	
      Schedule
      3.1
	
      (Transferee
      Note)
	 
	
      Schedule
      4.2(f)
	
      (Existing
      Indebtedness to be Discharged by Closing)
	 
	
      Schedule
      5.1(c)
	
      (Title
      to the Acquired Assets)
	 
	
      Schedule
      5.1(d)
	
      (Contracts)
	 
	
      Schedule
      5.1(e)
	
      (Environmental
      Matters)
	 

 

 

 

 

ASSET
TRANSFER AGREEMENT

 

THIS
ASSET TRANSFER AGREEMENT (this "Agreement") dated as of May 2, 2005 between
Ameren Energy Generating Company, an Illinois corporation ("Transferor") and
Union Electric Company, a Missouri corporation d/b/a AmerenUE
("Transferee").

 

W I T N E S S E T H:

 

WHEREAS,
Transferor operates plants and related facilities for the generation of
electricity which is sold at wholesale through AmerenEnergy Marketing Company
(“AEM”) and AmerenEnergy, Inc. (“AmerenEnergy”); and

 

WHEREAS,
Transferor desires to transfer to Transferee all of its right, title and
interest in and to its gas-fired electric generating station located in
Pinckneyville, Illinois and located on the real estate described under "Fee
Property - Pinckneyville" on Schedule 1.1(c) (Real Estate) (the “Plant”);
and

 

WHEREAS,
Transferee desires to acquire the Plant from Transferor, upon the terms and
subject to the conditions hereinafter set forth, in exchange for the cash
purchase price described herein and the assumption by Transferee of certain
liabilities and obligations of Transferor specifically disclosed in this
Agreement.

 

NOW,
THEREFORE, in consideration of the premises and the mutual covenants hereinafter
contained and other good and valuable consideration had and received, Transferee
and Transferor, on the basis of, and in reliance upon, the representations,
warranties, covenants, obligations and agreements set forth in this Agreement,
and upon the terms and subject to the conditions contained herein, hereby agree
as follows:

 

ARTICLE
I.  TRANSFER
OF ASSETS

 

1.1.  Transfer
of Assets. At the
Closing (as defined in Section 4.1), Transferee shall acquire from Transferor,
and Transferor shall transfer, convey, assign, contribute and deliver to
Transferee, all of the assets, properties, rights and interests owned, used,
occupied or held by or for the benefit of Transferor in the operation of the
Plant wherever situated, as the same shall exist as of the Closing Date,
including, without limitation, the following.

 

(a)  Inventory. All
inventories of products, work-in-process, finished goods, raw materials, coal,
oil, gas and other fuel supplies and parts relating to the Plant (collectively,
"Inventory" or "Inventories"), including, without limitation, all Inventories
located at the facilities listed on Schedule 1.1(c) (Real Estate).

 

(b)  Fixed
Assets. All
tangible personal property, plant and equipment including, without limitation,
buildings, structures, generators, turbines, gas supply pipelines and equipment,
fixtures, machinery and equipment, maintenance machinery and equipment, vehicles
and rolling stock, office furniture and office equipment, other furnishings,
leasehold 

 

 

 

 

improvements
and construction-in-process, and all tangible personal property set forth on
Schedule 1.1(b) (Fixed Assets) (collectively, the "Fixed
Assets").

 

(c)  Real
Property. All
real property rights and interests of any kind whatsoever owned by Transferor
and relating to the Plant, including the rights and interests identified under
the heading "Fee Property" on Schedule 1.1(c) (Real Estate), which consist of:
(i) the land more particularly described under such heading, which descriptions
are incorporated herein by reference, (ii) any easements or other interests in
real property necessary for the operation of the Plant including those described
under the heading "Easements" on Schedule 1.1(c) (Real Estate), (iii) all
buildings, structures, and leasehold improvements located thereon and all
appurtenances relating thereto, and (iv) all fixtures, machinery, apparatus or
equipment affixed to said premises, including, without limitation, all of the
electrical, heating, plumbing, air conditioning, air compression and all other
systems located on said premises, and all other structures, fences and
improvements (collectively, the "Fee Property").

 

(d)  Leased
Property. All
rights and interests under the lease or license agreements (the "Lease
Agreements") more particularly described under the heading "Leased Property" on
Schedule 1.1(c) (Real Estate) attached hereto, which descriptions are
incorporated herein by reference (the premises subject to the Lease Agreements
being hereinafter collectively referred to as the "Leased
Property").

 

(e)  Intellectual
Property Rights. Any and
all intellectual property owned or possessed by Transferor and related to the
Plant including without limitation, copyrights, trade secrets, trademarks and
patents and identified on Schedule 1.1(e).

 

(f)  Business
Records. All
books and records relating to the Plant, including, without limitation, all
files, invoices, forms, accounts, correspondence, production records, technical,
accounting, manufacturing and procedural manuals, employment records, studies,
reports or summaries relating to any Environmental Requirements (as defined in
Section 5.1(e)), and other books and records relating to the operation of any of
the Acquired Assets (as defined in this Section 1.1) or other assets or
properties associated with the Plant, and any confidential information which has
been reduced to writing or other tangible medium relating to or arising out of
the Plant (collectively, the "Business Records").

 

(g)  Contracts. Subject
to Section 1.2(b) and 1.3, all rights, benefits and interests of Transferor in
and to all licenses, leases, contracts, agreements, commitments and undertakings
relating to the Plant including without limitation those listed on Schedule
5.1(d).

 

(h)  Permits. All
licenses, permits, approvals, variances, waivers or consents (collectively, the
"Permits"), to the extent transferable, issued by any United States, state or
local governmental entity or municipality or subdivision thereof or any
authority, department, commission, board, bureau, agency, court or
instrumentality (collectively, "Governmental Authorities") and used in or
necessary to the operation of the Plant.

 

(i)  Insurance. All
rights, claims and benefits of Transferor in, to or under all insurance policies
maintained by Transferor solely for the Plant or the Acquired Assets.

 

 

2

 

 

(j)  Rolling
Stock and Vehicles. All
vehicles and rolling stock used in the Plant and included as part of Fixed
Assets and as more particularly described in Schedule 1.1(j) “Rolling Stock
and Vehicles.”

 

(k)  Miscellaneous. Except
for the Retained Assets (as defined in Section 1.2), all other assets,
properties, rights and interests of Transferor otherwise employed in or related
to the operation of the Plant, of every kind, nature and description, whether
tangible or intangible, real, personal or mixed, and wherever situated all of
which are to be transferred, conveyed, assigned, contributed and delivered to
Transferee at the Closing pursuant to this Agreement.

 

All of
the assets, properties, rights and interests owned, used, occupied or held by or
for the benefit of the Transferor in the operation of the Plant, which are to be
sold, transferred, conveyed, assigned and delivered by Transferor to Transferee
at the Closing as contemplated herein, including without limitation, those
described in clauses (a) through (k) above, but excluding the Retained Assets,
are referred to herein collectively as the "Acquired Assets." 

 

1.2.  Retained
Assets.
Anything in Section 1.1 to the contrary notwithstanding, the following assets
(collectively, the "Retained Assets") shall be retained by Transferor, and
Transferee shall in no way be construed to have acquired (or to be obligated to
acquire) any interest whatsoever in any of the following.

 

(a)  Designated
Assets. Any of
the assets, properties, rights and/or interests, owned, used, occupied or held
by or for the benefit of Transferor in the operation of the Plant that are
identified on Schedule 1.2(a) (Retained Property) (collectively, the "Designated
Assets").

 

(b)  Non-Assigned
Contracts. All of
the rights and interests, and all of the liabilities and obligations, of
Transferor in, under or pursuant to any license, lease, contract, agreement,
commitment or undertaking entered into in connection with, or otherwise relating
to, the Plant, that are identified on Schedule 1.2(b) (Non-Assigned Contracts)
(collectively, the "Non-Assigned Contracts").

 

(c)  Employee
Plan Assets. The
rights of Transferor or its parent, Ameren Corporation ("Parent") under, and any
funds and property held in trust or any other funding vehicle pursuant to, any
"employee benefit plan" (within the meaning of Section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA")) or any other
bonus, stock option, stock appreciation, stock purchase, severance, termination,
lay-off, leave of absence, disability, workers' compensation, pension, profit
sharing, retirement, vacation or holiday pay, insurance, deferred compensation
or other employee or welfare benefit plan, agreement or arrangement of
Transferor or Parent applicable to past, present or future employees employed in
connection with the Plant (collectively, "Employee Plans").

 

(d)  Corporate
Records.
Transferor's minute books, stock books, stock ledger and corporate seal and all
other books and records relating to business of the Transferor other than the
Plant.

 

1.3.  Assignability
and Consents.

 

 

 

3

 

(a)  Required
Consents.
Schedule 1.3(a) (Required Consents) sets forth, under the heading "Assignability
and Consents," a list of all Acquired Assets, including Contracts, Permits and
Lease Agreements (but excluding leases of office equipment involving future
payments of less than $500,000 in the aggregate), which are non-assignable or
non-transferable or cannot be subleased to Transferee without the consent of
some other individual, partnership, corporation, association, joint stock
company, trust, joint venture, limited liability company or Governmental
Authority (collectively, "Person"). Schedule 1.3(a) (Required Consents) sets
forth, under the heading "Regulatory Approvals," a list of all necessary
approvals of any Governmental Authority whose approval is required for the
transactions contemplated by this Agreement. Transferor and Transferee have each
commenced and shall continue to take, or cause to be taken by others, all
necessary actions required to obtain or satisfy, at the earliest practicable
date, all consents, novations, approvals, authorizations, requirements
(including filing and registration requirements), waivers and agreements
("Consents") from any Persons necessary to authorize, approve or permit the full
and complete conveyance, assignment, sublease or transfer of the Acquired
Assets, and to consummate and make effective the transactions contemplated by
this Agreement and to continue such efforts as may be required after the Closing
Date to facilitate the full and expeditious transfer of legal title, or the
sublease, as the case may be, of the Acquired Assets.

 

(b)  Nonassignable
Items.
Anything in this Agreement to the contrary notwithstanding, this Agreement shall
not constitute an Agreement to sell, convey, assign, sublease or transfer any
Acquired Assets, including Contracts, Permits and Lease Agreements, if an
attempted conveyance, assignment, sublease or transfer thereof, without the
Consent of another party thereto or a Governmental Authority would constitute a
breach of, or in any way affect the rights of Transferor or Transferee with
respect to such Acquired Asset ("Nonassignable Items"). Transferor shall use its
best efforts and Transferee shall cooperate in all reasonable respects with
Transferor to obtain and satisfy all Consents and to resolve all
impracticalities of conveyance, assignment, sublease or transfer necessary to
convey to Transferee all Nonassignable Items.

 

ARTICLE
II.  LIABILITIES

 

2.1.  Assumption
of Liabilities. On the
terms and subject to the conditions set forth in this Agreement, Transferee
shall assume, at the Closing and effective as of the Closing Date, and shall
thereafter pay, perform and discharge as and when due the following, and only
the following, liabilities and obligations of Transferor (collectively, the
"Assumed Liabilities").

 

(a)  Balance
Sheet. All
liabilities and obligations of Transferor as set forth on the unaudited balance
sheet (the "Closing Date Balance Sheet") relating to the Plant prepared by
Transferor as of the Closing Date, including without limitation the assumed
indebtedness identified on Schedule 2.1(a) (Assumed Indebtedness), less payments
thereon or discharges thereof prior to the Closing Date. An estimate of the
liabilities and obligations shall be prepared for purposes of Section 4.3 as of
a date not more than 60 days prior to the Closing Date (the "Estimated Balance
Sheet Date"). The actual liabilities and obligations assumed shall be as shown
on the Closing Date Balance Sheet prepared as provided in Section
4.4(a).

 

 

4

 

(b)  Trade
Payables. All
liabilities and obligations of Transferor relating to the Plant that constitute
trade payables due to suppliers as payment for Inventory included in the
Acquired Assets and incurred by Transferor in the ordinary and normal course of
business at the Closing Date (in transactions in the ordinary and normal course)
and consistent with past practice and the representations, warranties,
covenants, obligations and agreements set forth in this Agreement ("Trade
Payables").

 

(c)  Contracts. All
liabilities and obligations of Transferor arising under the terms of the
Contracts other than contracts that constitute Non-Assigned Contracts (the
"Assumed Contracts") but only to the extent such liabilities and obligations
arise or accrue after the Closing Date in the ordinary and normal course and
consistent with the representations, warranties, covenants, obligations and
agreements set forth in this Agreement; provided, however, that Transferee shall
not assume or be responsible for any such liabilities or obligations which arise
from breaches thereof or defaults thereunder by Transferor, all of which
liabilities and obligations shall constitute Retained Liabilities (as defined in
Section 2.2).

 

(d)  Employee
Matters.
Transferor represents that there are no employees of Transferor or any Ameren
affiliate employed at the Plant.

 

(e)  Liabilities
and Obligations. All
liabilities and obligations of Transferor relating to environmental permits,
variances or orders issued by local, state or federal governmental authorities
as identified on Schedule 5.1(e).

 

2.2.  Retained
Liabilities. Except
as provided in Section 2.1, Transferor shall retain, and Transferee shall not
assume, or be responsible for or liable with respect to, any liabilities or
obligations of, Transferor, or otherwise relating to the Plant, whether or not
of, associated with, or arising from, any of the Acquired Assets, and whether
fixed, contingent or otherwise, known or unknown (collectively referred to
hereinafter as the "Retained Liabilities"), including, without limitation, the
following.

 

(a)  Pre-Closing. All
liabilities and obligations relating to, based in whole or in part on events or
conditions occurring or existing in connection with, or arising out of, the
Plant as operated prior to the Closing Date, or the ownership, possession, use,
operation or other disposition prior to the Closing Date of any of the Acquired
Assets (or any other assets, properties, rights or interests associated, at any
time prior to the Closing Date, with the Plant).

 

(b)  Liabilities
Relating to the Transfer of Acquired Assets. All
liabilities and obligations of Transferor or any of its Affiliates (as defined
in Section 12.11) except Transferee, or their respective directors, officers,
shareholders or agents, arising out of, or relating to, this Agreement or the
transactions contemplated hereby, whether incurred prior to, at, or subsequent
to the Closing Date.

 

(c)  Employee-Related
Liabilities.
Transferor represents that there are no employees of Transferor or any Ameren
affiliate employed at the Plant. 

 

(d)  Litigation. All
liabilities and obligations relating to any litigation, action, suit, claim,
notice of violation, investigation, inquiry or proceeding (collectively
"Claims") pending on the date hereof, or instituted hereafter, based in whole or
in part on events or 

 

 

5

 

 

conditions
occurring or existing in connection with, or arising out of, or otherwise
relating to, the Plant as operated by Transferor or any of its Affiliates (or
any of their respective predecessors-in-interest) except Transferee, or the
ownership, possession, use, operation, sale or other disposition prior to the
Closing Date of any of the Acquired Assets (or any other assets, properties,
rights or interests associated, at any time prior to the Closing Date, with the
Plant).

 

(e)  Product,
Environmental and Safety Liability. All
liabilities and obligations relating to the Plant or the Acquired Assets (or any
other assets, properties, rights or interests associated, at any time prior to
the Closing Date, with the Plant or the Acquired Assets), based in whole or in
part on events or conditions occurring or existing prior to the Closing Date and
connected with, arising out of or relating to (i) any dispute for services
rendered or goods manufactured, including, without limitation, product warranty
Claims and product liability Claims, and Claims for refunds, returns, personal
injury and property damage, (ii) Hazardous Materials, Environmental Requirements
or Environmental Damages (all as defined in Section 5.1(e)), (iii) Claims
relating to employee health and safety, including Claims for injury, sickness,
disease or death of any Person, or (iv) compliance with any Laws relating to any
of the foregoing. For purposes of this Agreement, the term "Laws" shall mean any
statutes, laws, rules, regulations, orders, ordinances, codes and decrees of
Governmental Authorities.

 

(f)  Taxes. All
liabilities and obligations of Transferor or any of its Affiliates other than
Transferee (or any of their respective predecessors-in-interest) for any Taxes
(as hereinafter defined) due or becoming due by reason of (i) the conduct of the
Plant, or (ii) the ownership, possession, use, operation, purchase, acquisition,
sale or disposition, of any of the Acquired Assets, including, without
limitation, (i) Taxes attributable to the sale of electricity and employee
withholding tax obligations; (ii) Taxes imposed on, or accruing as a result of
the transfer of the Acquired Assets; and (iii) Taxes attributable to, or
resulting from, recapture of depreciation, other tax benefit items, or otherwise
arising from the transactions contemplated by this Agreement. For purposes of
this Agreement, the term "Tax" or "Taxes" means all net income, gross income,
gross receipts, sales, use, ad valorem, personal property, real property,
transfer, franchise, profits, license, withholding, payroll, employment, excise,
severance, stamp, occupation, premium, property or windfall profits, taxes,
customs duties or other taxes, fees, assessments or charges of any kind
whatsoever, including without limitation, any assessment which Transferor may
have had the option to pay in installment payments over a period of time which
extends beyond the Closing Date,
together with any interest and any penalties, additions to tax or additional
amounts imposed by any taxing authority (domestic or foreign). Notwithstanding
anything to the contrary in this Section 2.2(f), all real estate property
transfer taxes shall be paid by Transferor as provided in Section 9.1
hereof.

 

(g)  Liabilities
Relating to Retained Assets. All
liabilities and obligations relating to, based in whole or in part on events or
conditions occurring or existing in connection with, or arising out of, any and
all assets, properties, rights and interests which are not being acquired by
Transferee hereunder, including, without limitation, the Retained
Assets.

 

ARTICLE
III.  TRANSFER
AND EXCHANGE

 

3.1.  Payment. In full
consideration for the transfer of the Acquired Assets, but subject to the
adjustment, if any, required by Section 3.2, at the Closing, Transferee
shall deliver to 

 

 

6

 

 

Transferor
cash in the amount equal to the Net Book Value of the Acquired Assets (the “Cash
Payment”) in immediately available funds transferred to a bank account of
Transferor in accordance with instructions delivered to Transferee not later
than the business day prior to the Closing, subject to adjustment as provided in
Section 4.4(c). Net Book Value shall be calculated as provided in Section
4.3(c).

 

3.2.  Prorations.

 

(a)  Transferor
and Transferee shall prorate, as of the Closing Date, all real estate taxes
payable with respect to the Fee Property (but not including any current
assessments against the Fee Property which Transferor is required to have paid
in full prior to the Closing Date as provided under Section 2.2(f)
herein).

 

(b)  Transferee
and Transferor shall use their reasonable best efforts to calculate all
prorations. The credit that Transferee is entitled to receive from Transferor
for the unpaid portion (as of the Closing Date) of the 2004 real estate taxes
shall be referred to herein as the "2004 Real Estate Tax Credit", and the credit
that Transferee is entitled to receive from Transferor for the 2005 real estate
taxes owed for the period during which Transferor owned the Fee Property during
the year 2005 shall be referred to herein as the "2005 Real Estate Tax
Credit".

 

ARTICLE
IV.  CLOSING

 

4.1.  General. As used
in this Agreement, the "Closing" shall mean the time at which Transferor
consummates the assignment, transfer and delivery of the Acquired Assets to
Transferee as provided herein by the execution and delivery by Transferor of the
documents and instruments referred to in Section 4.2 against delivery by
Transferee of the documents and payments provided in Sections 3.1 and 4.3. In
the absence of a prior termination of this Agreement by one of the parties in
accordance with Article X, the Closing shall take place at the offices of Ameren
Corporation, One Ameren Plaza, 1901 Chouteau Avenue, St. Louis, Missouri at 9:00
A.M. on May 2, 2005, or at such other time and place and on such other day as
shall be mutually agreed upon in writing by the parties hereto (the "Closing
Date"). Legal title, equitable title and risk of loss with respect to the
Acquired Assets shall not pass to Transferee until the Acquired Assets are
transferred at the Closing,
which transfer, once it has occurred, shall be deemed effective for tax,
accounting and other computational purposes as of the Closing Date.

 

4.2.  Documents
to be Delivered by Transferor. At the
Closing, Transferor shall deliver to Transferee.

 

(a)  Copies of
the resolutions of the Boards of Directors of Transferor authorizing and
approving this Agreement and all other transactions and agreements contemplated
hereby certified by the respective corporate Secretaries or Assistant
Secretaries of Transferor and Parent to be true, correct, complete and in full
force and effect and unmodified as of the Closing Date.

 

(b)  An
instrument transferring the Acquired Assets to Transferee, free and clear of any
and all liens, equities, Claims, prior assignments, mortgages, charges, security
interests, pledges, conditional sales contracts, collateral security
arrangements and other title 

 

 

7

 

 

retention
arrangements, restrictions (including, in the case of real property, rights of
way, use restrictions, and other variances, reservations or limitations of any
nature) or encumbrances whatsoever (collectively, "Liens") other than Permitted
Liens.

 

(c)  Copies of
all Consents to the transfer, assignment or sublease to Transferee of each
Acquired Asset that requires such Consent, including, without limitation, orders
or approvals of each Governmental Authority required as shown on Schedule 1.3(a)
under the heading “Regulatory Approvals”.

 

(d)  The
Officer's Certificate (as defined in Section 6.1(e)) required by
Section 6.1(e).

 

(e)  Special
Warranty Deeds (the "Deed") in recordable form and in form and substance
satisfactory to Transferee conveying the Fee Property to Transferee, free and
clear of all Liens whatsoever except for Permitted Liens (as defined in Section
5.1(c)).

 

(f)  Releases,
including, without limitation, termination statements under the Uniform
Commercial Code of any financing statements filed against any Acquired Assets,
evidencing discharge, removal and termination of all Liens, if any, to which the
Acquired Assets are subject (other than Liens relating to Assumed Indebtedness
identified on Schedule 2.1(a)) in connection with the indebtedness described in
Schedule 4.2(f) (Existing Indebtedness to be Discharged by Closing) which
releases shall be effective at or prior to the Closing. 

 

(g)  FIRPTA
Affidavit (a Non-Foreign Person Affidavit as required by Section 1445 of the
Internal Revenue Code of 1986, as amended).

 

(h)  Such
other deeds, endorsements, assignments, affidavits, and other good and
sufficient instruments of assignment, conveyance and transfer in form and
substance satisfactory to Transferee, as are required to effectively vest in
Transferee good and marketable title in and to all of the Acquired Assets, free
and clear of any and all Liens other than Permitted Liens.

 

4.3.  Documents
and Payment to be Delivered by Transferee. At the
Closing, Transferee shall deliver to Transferor.

 

(a)  A copy of
the resolutions of the Board of Directors of Transferee authorizing and
approving this Agreement and all other transactions and agreements contemplated
hereby certified by the Secretary or an Assistant Secretary of Transferee to be
true, correct, complete and in full force and effect and unmodified as of the
Closing Date.

 

(b)  The
Officer's Certificate required by Section 6.2(e).

 

(c)  Transferee
will pay to Transferor the estimated Cash Payment based on Net Book Value as of
the Estimated Balance Sheet Date, which shall be the book value minus
accumulated depreciation of the Transferred Assets as of the Estimated Balance
Sheet Date determined in accordance with Generally Accepted Accounting
Principles.

 

(d)  An
instrument of assumption of the Assumed Liabilities.

 

 

 

8

 

 

4.4.  Post
Closing.

 

(a)  Within 90
days after the Closing Date, Transferor shall deliver to Transferee a final
Closing Date Balance Sheet.

 

(b)  Transferee
shall calculate the 2002 Real Estate Tax Credit and the 2003 Real Estate Tax
Credit promptly after the relevant tax bills have been received and shall
deliver such calculation to Transferor.

 

(c)  Promptly
upon calculation of the real estate credits referred to in Section 3.2(b),
Transferor shall pay to Transferee the 2004 Real Estate Tax Credit and the 2005
Real Estate Tax Credit. If the Closing Date Balance Sheet shows that the
estimated Cash Payment paid on the Closing Date was more or less than the actual
Cash Payment calculated based on the Closing Date Balance Sheet, the appropriate
payment will be made promptly from Transferor to Transferee or vice versa.
Payments due to or from the parties under this Section 4.4(c) may be offset
against each other.

 

ARTICLE
V.  REPRESENTATIONS
AND WARRANTIES

 

5.1.  Representations
and Warranties of Transferor. Subject
only to those exceptions and qualifications listed and described (including an
identification by section reference to the representations and warranties to
which such exceptions and qualifications relate) on the disclosure schedules
attached to this Agreement, Transferor hereby represents and warrants to
Transferee as follows.

 

(a)  Organization
and Standing; Power and Authority.
Transferor is a corporation duly organized, validly existing and in good
standing under the laws of the State of Illinois, and has full corporate power
and authority to operate the Plant, to own or lease the Acquired Assets, and to
enter into and perform this Agreement and the transactions and other agreements
and instruments contemplated by this Agreement. This Agreement and all other
agreements and instruments executed and delivered or to be executed and
delivered by Transferor in connection herewith (collectively, the "Transaction
Documents") have been, or upon execution thereof will be, duly executed and
delivered by Transferor, as the case may be. This Agreement and the transactions
and other agreements and instruments contemplated hereby have been duly approved
by the board of directors of Transferor and constitute the valid and binding
obligations of Transferor, enforceable in accordance with their respective
terms.

 

(b)  Conflicts;
Defaults. Neither
the execution and delivery of this Agreement and the other agreements and
instruments executed or to be executed in connection herewith by Transferor, nor
the performance by Transferor of the transactions contemplated hereby or
thereby, will (i) violate, conflict with, or constitute a default under, any of
the terms of Transferor's Articles of Incorporation or By-Laws, or any
provisions of, or result in the acceleration of any obligation under, any
contract, sales commitment, license, purchase order, security agreement,
mortgage, note, deed, lien, lease, agreement or instrument, including, without
limitation, the Contracts, or any order, judgment or decree, relating to the
Plant or the Acquired Assets, or by which Transferor or the Acquired Assets are
bound, (ii) result in the creation or imposition of any Liens or Claims in favor
of any third Person or entity upon any of 

 

 

9

 

 

the
Acquired Assets, (iii) violate any law, statute, judgment, decree, order, rule
or regulation of any Governmental Authority, (iv) constitute an event which,
after notice or lapse of time or both, would result in such violation, conflict,
default, acceleration, or creation or imposition of Liens or Claims, (v)
constitute an event which, after notice or lapse of time or otherwise would
create, or cause to be exercisable or enforceable, any option, agreement or
right of any kind to purchase any of the Acquired Assets. Except as set forth on
Schedule 5.1(d), no consent, novation, approval, filing or authorization will be
required to be obtained or satisfied for the continued performance by Transferee
following the Closing of any contract, agreement, commitment or undertaking
included in the Acquired Assets. Transferor is not in violation of or in default
under its Articles of Incorporation or Bylaws, or any provision of any contract,
sales commitment, license, purchase order, security agreement, mortgage, note,
deed, lien, lease, agreement or instrument, including without limitation, the
Contracts, or any order, judgment or decree, relating to the Plant or the
Acquired Assets, or by which Transferor or the Acquired Assets is bound, or in
the payment of any of Transferor's monetary obligations or debts relating to the
Plant, and there exists no condition or event which, after notice or lapse of
time or both, would result in any such violation or default.

 

(c)  Acquired
Assets; Title to the Acquired Assets. Except
for the Retained Assets, the Acquired Assets are the only assets, properties,
rights and interests used by Transferor in connection with the Plant. The
Acquired Assets to be conveyed to Transferee under this Agreement constitute all
of the assets, properties, rights and interests necessary to operate the Plant
in substantially the same manner as operated by Transferor prior to the date of
this Agreement. Transferor has good, marketable and exclusive title to, and the
valid and enforceable power and unqualified right to use and transfer to
Transferee, each of the Acquired Assets, and the Acquired Assets are free and
clear of all Liens and Claims of any kind or nature whatsoever, except for
Permitted Liens. The consummation of the transactions contemplated by this
Agreement (including, without limitation, the transfer or assignment of the
Acquired Assets, and all rights and interests therein, to Transferee as
contemplated herein) will not adversely affect such title or rights, or any
terms of the applicable agreements (whether written or oral) evidencing,
creating or granting such title or rights. None of the Acquired Assets are
subject to, or held under, any lease, mortgage, security agreement, conditional
sales contract or other title retention agreement, or are other than in the sole
possession and under the sole control of Transferor except as described on
Schedule 5.1(c) (Title to the Acquired Assets). Transferor has the right under
valid and existing leases to occupy, use or control all properties and assets
leased by it and included in the Acquired Assets. The delivery to Transferee of
the instruments of transfer of ownership contemplated by this Agreement will
vest good, marketable and exclusive title (as to all Acquired Assets owned by
Transferor) or full right to possess and use (as to all Acquired Assets not
owned by Transferor) to the Acquired Assets in Transferee, free and clear of all
Liens and Claims of any kind or nature whatsoever, except for (i) current real
estate Taxes or governmental charges or levies which are a Lien but not yet due
and payable, (ii) Liens disclosed as securing specified liabilities on the
Closing Date Balance Sheet with respect to which no default exists, (iii) Liens
disclosed on Schedule 5.1(c) (Title to the Acquired Assets), under the heading
"Liens," and (iv) minor imperfections of title, if any, none of which are
substantial in amount, or materially detract from the value or impair the use of
the property subject thereto or the operation of the Plant and which have arisen
only in the ordinary and normal course of business consistent with past practice
(the Liens described in clauses (i), (ii), (iii) and (iv) being collectively
referred to herein as "Permitted Liens").

 

 

10

 

(d)  Contracts.
Schedule 5.1(d) (Contracts) contains a complete list or description of each
material license, contract, agreement, commitment and undertaking relating to
the Plant or to which Transferor is a party (collectively referred to as the
"Contracts").

 

(e)  Environmental
and Safety Compliance.

 

(i)  General.
Transferee agrees that, except as expressly contained in this Agreement, no
representations by or on behalf of Transferor have been made as to the condition
of the Real Property and Fixed Assets, any restrictions related to the
development of the Real Property and Fixed Assets, the applicability of any
governmental requirements pertaining to the Real Property and Fixed Assets, or
the suitability of the Real Property and Fixed Assets for any purpose
whatsoever. Transferor agrees to assign, transfer or otherwise convey all
environmental permits and licenses to Transferee and to take all necessary steps
with the appropriate governmental authorities to effectuate such transfers. A
list of all applicable permits are set forth on Schedule 5.1(e) (Environmental
Matters).

 

(ii)  Definitions.

 

	(A)  	
      For
      purposes of this Agreement, the term "Hazardous Material" means any
      substance:

 

	(1)  	
      the
      presence of which requires investigation or remediation under any federal,
      state or local statute, regulation, ordinance, order, action, policy or
      common law; or

 

	(2)  	
      which
      is or has been identified as a potential "hazardous waste," "hazardous
      substance," pollutant or contaminant under any federal, applicable state
      or local statute, regulation, rule or ordinance or amendments thereto
      including, without limitation, the Comprehensive Environmental Response,
      Compensation and Liability Act (42 U.S.C. §§ 9601 et seq.) and/or the
      Resource Conservation and Recovery Act (42 U.S.C. §§ 6901 et seq.);
      or

 

	(3)  	
      which
      is toxic, explosive, corrosive, flammable, infectious, radioactive,
      carcinogenic, mutagenic, reactive, or otherwise hazardous and has been
      identified as regulated by any Governmental
Authority.

 

	(B)  	
      For
      purposes of this Agreement, the term "Environmental Requirements" means
      all applicable Laws, Permits and similar items of all Governmental
      Authorities and all applicable judicial, administrative, and regulatory
      judgments, decrees, orders, writs or injunctions relating to the
      protection of human health or the environment, including, without
      limitation:

 

	(1)  	
      All
      requirements pertaining to reporting, licensing, permitting,
      investigation, and remediation of emissions, discharges, releases, or
      threatened releases of Hazardous Materials;

 

 

 

11

 

 

	(2)  	
      All
      requirements pertaining to the protection of the health and safety of
      employees or the public; and

 

	(3)  	
      All
      other limitations, restrictions, conditions, standards, prohibitions,
      obligations, schedules and timetables contained therein or in any notice
      or demand letter issued, entered, promulgated or approved
      thereunder.

 

	(C)  	
      For
      purposes of this Agreement, the term "Environmental Damages" means any and
      all Liabilities (as defined in Section 11.1) which are incurred at any
      time as a result of the existence prior to Closing of Hazardous Material
      upon, about, beneath the Property or migrating or threatening to migrate
      to or from the Property, or the existence of a violation of Environmental
      Requirements pertaining to the Property, regardless of whether the
      existence of such Hazardous Material or the violation of Environmental
      Requirements arose prior to the present ownership or operation of the
      Property, and including without limitation:

 

	(1)  	
      Damages
      for personal injury, or injury to property or natural resources occurring
      upon or off of the Property, foreseeable or unforeseeable, including,
      without limitation, lost profits, consequential damages, the cost of
      demolition and rebuilding of any improvements on real property, interest
      and penalties;

 

	(2)  	
      Fees
      incurred for the services of attorneys, consultants, contractors, experts,
      laboratories and all other costs incurred in connection with the
      investigation or remediation of such Hazardous Materials or violation of
      Environmental Requirements including, but not limited to, the preparation
      of any feasibility studies or reports or the performance of any cleanup,
      remediation, removal, response, abatement, containment, closure,
      restoration or monitoring work required by any Governmental Authority, or
      reasonably necessary to make full economic use of the Property or any
      other property in a manner consistent with its intended use or otherwise
      expended in connection with such conditions, and including without
      limitation any attorneys' fees, costs and expenses incurred in enforcing
      this Agreement or collecting any sums due
hereunder;

 

	(3)  	
      Liability
      to any third Person or Governmental Authority to indemnify such Person or
      Governmental Authority for costs expended in connection with the items
      referenced in subparagraph (iii) of Section 11.2(b);
and

 

	(4)  	
      Diminution
      of the value of the Property, and damages for the loss of business and
      restriction on the use of or adverse impact on the marketing of rentable
      or usable space or of any amenity of the
Property.

 

 

 

12

 

 

(f)  Approvals.
Schedule 1.3(a) (Required Consents) sets forth a list of all Consents, which
must be obtained or satisfied by Transferor for the consummation of the
transactions contemplated by this Agreement, including, without limitation, all
Consents, which must be obtained pursuant to Section 1.3(a). All Consents
prescribed by any Law, or any contract,
agreement, commitment or undertaking, and which must be obtained or satisfied by
Transferor for the consummation of the transactions contemplated by this
Agreement, or for the continued performance by them of their rights and
obligations thereunder, have been, or shall by the Closing have been, made,
obtained and satisfied.

 

(g)  Real
Property.
Schedule 1.1(c) entitled "Real Estate" attached hereto contains a true,
correct and complete list of all instruments and agreements creating any
interest or right in real property relating to the Plant, or owned, leased or
occupied by Transferor (including all easements, buildings, structures, fixtures
and improvements). True, correct and complete copies of the instruments and
agreements identified in such Schedule 1.1(c) have been delivered to
Transferee. Each such instrument and agreement is in full force and effect and
is a legal, binding, and enforceable obligation of the parties thereto and no
event has occurred which constitutes or, with the giving of notice or passage of
time, or both, would constitute a default or breach thereunder. Transferor has
the right to quiet enjoyment of all real property subject to leaseholds under
any such instruments, for the full term of each such lease and any renewal
option related thereto. There has been no disturbance of or challenge to the
Transferor's quiet possession under each such lease, and no leasehold or other
interest of Transferor in such real property is subject to or subordinate to any
Liens except Permitted Liens. Neither the whole nor any portion of any real
property leased or occupied by Transferor has been condemned, requisitioned or
otherwise taken by any Governmental Authority, and, to the best of Transferor's
knowledge, no such condemnation, requisition or taking is threatened or
contemplated. All buildings, structures, fixtures and appurtenances comprising
part of the real properties of Transferor are in good condition and have been
well maintained, normal wear and tear excepted, and there are no material
physical or mechanical defects of the Fee Property which would interfere with
the ongoing operations of the Plant as currently conducted. All water, sewer,
gas and drainage facilities required by the present use and operation of the Fee
Property by Transferor are installed to the property lines of the Fee Property,
are all connected and operating pursuant to valid permits, and are adequate to
service the Fee Property in accordance with the present use and operation of the
Fee Property by Transferor. The Fee Property complies with all applicable laws
and insurance requirements and all zoning, building and other requirements
relating to the use or occupancy of all or any portion of the Fee Property.
There are no pending, or to the best of Transferor's knowledge, contemplated
zoning changes, variances or special zoning agreements affecting or which might
affect the Fee Property.

 

(h)  Leases. Each of
the Leases described on Schedule 1.1(c) entitled "Real Estate" has not been
modified, altered, terminated or revoked, and is in full force and effect.
Transferor, as the present tenant under each Lease, is not in default under, or
in breach of, any of the terms of each Lease, and there are no existing facts or
conditions which could give rise to any such breach or default, or any claim
against Transferor, under each Lease. Each of the present lessors under each
respective Lease is not in default thereunder, or in breach thereof, and there
are no existing facts or conditions which could give rise to any such breach or
default, or any claim against each lessor under each respective
Lease.

 

 

13

 

 

5.2.  Representations
and Warranties of Transferee.
Transferee represents and warrants to Transferor that:

 

(a)  Organization
and Standing; Corporate Power and Authority.
Transferee is a corporation duly organized, validly existing and in good
standing under the laws of the State of Missouri, and has full corporate power
and authority to make and perform this Agreement, and to perform the
transactions contemplated by this Agreement. This Agreement and all other
agreements and instruments executed and delivered by Transferee in connection
herewith have been duly executed and delivered by Transferee. This Agreement and
the transactions and other agreements and instruments contemplated by this
Agreement have been duly approved by the board of directors of Transferee
(approval of Transferee's shareholders not being required), and constitute the
valid and binding obligations of Transferee, enforceable in accordance with
their respective terms.

 

(b)  Conflicts;
Defaults. Neither
the execution and delivery of this Agreement by Transferee, nor the performance
of its obligations hereunder, will conflict with or constitute a default under
any of the terms of Transferee's Articles of Incorporation, as amended, or
Bylaws.

 

ARTICLE
VI.  CONDITIONS
TO CLOSING

 

6.1.  Conditions
to Transferee's Obligations. The
obligation of Transferee to consummate the transactions provided for by this
Agreement is subject to the satisfaction, on or prior to the Closing Date, of
each of the following conditions, any of which may be waived by Transferee
except for the conditions set forth in subsection (c) (as to Consents of
Governmental Authorities) of this Section 6.1.

 

(a)  Representations
and Warranties. Each of
the representations and warranties of Transferor made in Section 5.1 of this
Agreement shall be true and correct in all material respects both on the date
hereof and as of the Closing Date as though made at such time.

 

(b)  Covenants.
Transferor shall have performed and complied with all covenants and agreements
required to be performed or complied with by it at or prior to the Closing
Date.

 

(c)  Consents. All
Consents of Governmental Authorities and third parties described in Sections
1.3, 5.1(f) and 9.3 and necessary to consummate the transactions contemplated
hereunder shall have been obtained and satisfied.

 

(d)  No
Proceeding or Litigation. No
litigation, action, suit, investigation, Claim or proceeding challenging the
legality of, or seeking to restrain, prohibit or materially modify, the
transactions provided for in this Agreement shall have been instituted and not
settled or otherwise terminated.

 

(e)  Certificate
of Transferor. At the
Closing, Transferor shall have delivered to Transferee a certificate (the
"Officer's Certificate") signed by Transferor's President or a Vice President,
and dated the Closing Date, to the effect that to the best of the knowledge of
such officer the conditions specified in Sections 6.1(a), (b), (c) and (d) have
been fulfilled.

 

 

14

 

 

(f)  Certificate;
Documents.
Transferor and the other Persons shall have delivered the certificates and other
documents required by Section 4.2.

 

6.2.  Conditions
to Transferor's Obligations. The
obligations of Transferor to consummate the transactions provided for by this
Agreement are subject to the satisfaction, on or prior to the Closing Date, of
each of the following conditions, any of which may be waived by Transferor
except for the conditions set forth in subsection (c) of this Section
6.2.

 

(a)  Representations
and Warranties. Each of
the representations and warranties of Transferee made in Section 5.2 of this
Agreement shall be true and correct in all material respects both on the date
hereof and as of the Closing Date as though made at such time.

 

(b)  Covenants.
Transferee shall have performed and complied with all covenants and agreements
required to be performed or complied with by it at or prior to the Closing
Date.

 

(c)  Consents. All
Consents of Governmental Authorities, including those described in Section 9.3,
necessary to consummate the transactions contemplated hereunder shall have been
obtained.

 

(d)  No
Proceeding or Litigation. No
litigation, action, suit, investigation, Claim or proceeding challenging the
legality of, or seeking to restrain, prohibit or materially modify, the
transactions provided for in this Agreement shall have been instituted and not
settled or otherwise terminated.

 

(e)  Certificate
of Transferee. At the
Closing, Transferee shall have delivered to Transferor an Officer's Certificate
signed by the President or a Vice President of Transferee, and dated the Closing
Date, to the effect that to the best of the knowledge of such officer the
conditions specified in Section 6.2(a), (b), (c) and (d) have been
fulfilled.

 

(f)  Certificates;
Documents.
Transferee shall have delivered the certificates and other documents required by
Section 4.3.

 

(g)  Cash
Payment.
Transferee shall have made the Cash Payment required by Section
3.1.

 

ARTICLE
VII.  COVENANTS
OF TRANSFEROR

 

7.1.  Conduct
of Business. During
the period from the date hereof through the Closing Date, Transferor shall
operate the Plant and the Acquired Assets diligently and in the ordinary and
normal course and consistent with past practice and continue normal maintenance,
expenditures in connection with the Plant. Transferor shall engage in no
transactions in connection with the Plant or the Acquired Assets, including
transactions relating to the purchase or sale of goods, raw materials,
inventories or other operating or production items, intracorporate or otherwise,
with any of its Affiliates from the date hereof until the Closing other than (a)
transactions approved by Transferee; or (b) transactions on terms no more
favorable to Transferor or its Affiliates than would have been obtainable in
arm's-length dealing.

 

 

15

 

ARTICLE
VIII.  COVENANTS
OF TRANSFEREE

 

8.1.  Maintenance
of, and Access to, Records. From
and after the Closing, Transferee shall, whenever reasonably requested by
Transferor, permit Transferor to have access to such business records turned
over to Transferee pursuant to this Agreement as may be required by Transferor
in connection with any audit or investigation by any Governmental Authority, or
any matter relating to insurance coverage or third party Claims, in each such
case to the extent relating to the operation of the Plant by Transferor prior to
the Closing. Transferee shall preserve and maintain the records relating to the
Plant and the Acquired Assets permanently.

 

8.2.  Closing.
Transferee shall use its best efforts to cause the conditions set forth in
Section 6.2 to be satisfied by the Closing Date.

 

ARTICLE
IX.  CERTAIN
ADDITIONAL COVENANTS

 

9.1.  Expenses;
Transfer Taxes. Each
party hereto will bear the legal, accounting and other expenses incurred by such
party in connection with the negotiation, preparation and execution of this
Agreement, the Transaction Documents, and the transactions contemplated hereby.
All sales, transfer, recordation and documentary Taxes and fees which may be
payable in connection with the transactions contemplated by this Agreement shall
be borne by Transferor.

 

9.2.  Bulk
Transfer Laws.
Transferee hereby waives compliance by Transferor with the laws of any
jurisdiction relating to bulk transfers which may be applicable in connection
with the transfer of the Acquired Assets to Transferee.

 

9.3.  Regulatory
Approvals.
Transferor will, and will cause its appropriate Affiliates to, and Transferee
will, use, in each case, its best efforts to obtain any authorizations,
consents, orders and approvals of any Governmental Authority necessary for the
performance of its respective obligations pursuant to this Agreement and any of
the other Transaction Documents, and the consummation of the transactions
contemplated hereby and thereby, and will cooperate fully with each other in all
reasonable respects in promptly seeking to obtain such authorizations, consents,
orders and approvals.

 

9.4.  Employee
Matters.
Transferor shall retain all liabilities and obligations in respect of its past,
present and future employees under the Employee Plans and applicable
Laws.

 

ARTICLE
X.  TERMINATION

 

10.1.  Termination. This
Agreement and the transactions contemplated hereby may be terminated at any time
prior to the Closing.

 

(a)  Mutual
Consent. By
mutual written consent of Transferor and Transferee.

 

(b)  Court
Order. By
Transferor or Transferee if consummation of the transactions contemplated hereby
shall violate any non-appealable final order, decree or judgment of any court or
Governmental Authority having competent jurisdiction.

 

 

16

 

(c)  Transferee's
Conditions. By
Transferee, if any condition precedent to Transferee's obligation to effect the
Closing as set forth in Section 6.1 is not satisfied, or shall have become
incapable of fulfillment, and such condition is not waived, if waivable, by
Transferee on or prior to the Termination Date.

 

(d)  Transferor's
Conditions. By
Transferor, if any condition precedent to Transferor's obligation to effect the
Closing as set forth in Section 6.2 is not satisfied, or shall have become
incapable of fulfillment, and such condition is not waived, if waivable, by
Transferor on or prior to the Termination Date.

 

10.2.  Effect
of Termination. If this
Agreement is terminated pursuant to Section 10.1, written notice thereof shall
forthwith be given to the other party and this Agreement shall thereafter become
void and have no further force and effect and all further obligations of
Transferor and Transferee under this Agreement shall terminate without further
liability of Transferor or Transferee.

 

ARTICLE
XI.  INDEMNIFICATION

 

11.1.  Indemnification
by Transferee.
From and
after the Closing, Transferee shall indemnify, defend and hold Transferor, its
Affiliates, and their respective directors, officers, representatives, employees
and agents harmless from and against any and all claims, actions, suits,
demands, assessments, judgments, losses, liabilities, damages, costs and
expenses (including, without limitation, interest, penalties, attorneys' fees to
the extent permitted by law, and accounting fees and investigation costs)
(collectively, "Liabilities") that may be incurred by Transferor resulting or
arising from or related to, or incurred in connection with: (a) the failure of
Transferee to assume, pay, perform and discharge the Assumed Liabilities, and
(b) any breach of any representation, warranty, covenant, obligation or
agreement of Transferee contained herein or in any other Transaction
Document.

 

11.2.  Indemnification
by Transferor. From
and after the Closing, Transferor shall indemnify, defend and hold Transferee,
its Affiliates, and their respective directors, officers, representatives,
employees and agents harmless from and against any and all Liabilities that may
be incurred by Transferee resulting or arising from, related to or incurred in
connection with: (i) the failure of Transferor to assume, pay, perform and
discharge the Retained Liabilities and (ii) any breach of any representation,
warranty, covenant, obligation or agreement of Transferor contained herein or in
any other Transaction Document.

 

11.3.  Notice
of Claim; Right to Participate in and Defend Third Party Claim.

 

(a)  If any
indemnified party receives notice of the assertion of any Claim, the
commencement of any suit, action or proceeding, or the imposition of any penalty
or assessment by a third party in respect of which indemnity may be sought
hereunder (a "Third Party Claim"), and the indemnified party intends to seek
indemnity hereunder, then the indemnified party shall promptly provide the
indemnifying party with prompt written notice of the Third Party Claim, but in
any event not later than 30 calendar days after receipt of such notice of Third
Party Claim. The failure by an indemnified party to notify an indemnifying party
of a Third Party Claim shall not relieve the indemnifying party of any
indemnification responsibility under this Article XI, 

 

 

17

 

 

unless
such failure materially prejudices the ability of the indemnifying party to
defend such Third Party Claim.

 

(b)  The
indemnifying party shall have the right to control the defense, compromise or
settlement of the Third Party Claim with its own counsel (reasonably
satisfactory to the indemnified party) if the indemnifying party delivers
written notice to the indemnified party within seven days following the
indemnifying party's receipt of notice of the Third Party Claim from the
indemnified party acknowledging its obligations to indemnify the indemnified
party with respect to such Third Party Claim in accordance with this Article XI,
and establishes security in form and substance reasonably satisfactory to the
indemnified party to secure the indemnifying party's obligations under this
Article XI with respect to such Third Party Claim; provided, however, that the
indemnifying party shall not enter into any settlement of any Third Party Claim
which would impose or create any obligation or any financial or other liability
on the part of the indemnified party if such liability or obligation (i)
requires more than the payment of a liquidated sum, or (ii) is not covered by
the indemnification provided to the indemnified party hereunder. In its defense,
compromise or settlement of any Third Party Claim, the indemnifying party shall
timely provide the indemnified party with such information with respect to such
defense, compromise or settlement as the indemnified party shall request, and
shall not assume any position or take any action that would impose an obligation
of any kind on, or restrict the actions of, the indemnified party. The
indemnified party shall be entitled (at the indemnified party's expense) to
participate in the defense by the indemnifying party of any Third Party Claim
with its own counsel.

 

(c)  In the
event that the indemnifying party does not undertake the defense, compromise or
settlement of a Third Party Claim in accordance with subsection (b) of this
Section 11.3, the indemnified party shall have the right to control the defense
or settlement of such Third Party Claim with counsel of its choosing; provided,
however, that the indemnified party shall not settle or compromise any Third
Party Claim without the indemnifying party's prior written consent, unless (i)
the terms of such settlement or compromise release the indemnified party or the
indemnifying party from any and all liability with respect to the Third Party
Claim, or (ii) the indemnifying party shall not have acknowledged its
obligations to indemnify the indemnified party with respect to such Third Party
Claim in accordance with this Article XI and established security in form and
substance reasonably satisfactory to the indemnified party to secure the
indemnifying party's obligations under this Article XI with respect to such
Third Party Claim. The indemnifying party shall be entitled (at the indemnifying
party's expense) to participate in the defense of any Third Party Claim with its
own counsel.

 

(d)  Any
indemnifiable Claim hereunder that is not a Third Party Claim shall be asserted
by the indemnified party by promptly delivering notice thereof to the
indemnifying party. If the indemnifying party does not respond to such notice
within 60 days after its receipt, it shall have no further right to contest the
validity of such Claim.

 

11.4.  Time
Limitations on Claims for Indemnification. The
right of Transferee to indemnification for any breach of any representation or
warranty shall apply only to those claims for indemnification which are given
pursuant to this Agreement on or before the date which is one year following the
Closing Date.

 

 

18

 

ARTICLE
XII.  MISCELLANEOUS

 

12.1.  Amendments. This
Agreement may be amended only by a writing executed by each of the parties
hereto.

 

12.2.  Entire
Agreement. This
Agreement and the other agreements expressly provided for herein, including the
Transaction Documents, set forth the entire understanding of the parties hereto
with respect to the subject matter hereof, and supersede all prior contracts,
agreements, arrangements, communications, discussions, representations and
warranties, whether oral or written, between the parties.

 

12.3.  Governing
Law. This
Agreement shall in all respects be governed by and construed in accordance with
the laws of the State of Illinois, without regard to its conflicts of law
doctrine.

 

12.4.  Notices. Any
notice, request or other communication required or permitted hereunder shall be
in writing and shall be deemed to have been duly given (a) when received if
personally delivered, (b) within 5 days after being sent by registered or
certified mail, return receipt requested, postage prepaid, (c) within 12 hours
after being sent by telecopy, with confirmed answerback, or (d) within 1
business day of being sent by priority delivery by established overnight
courier. Any party by written notice to the other given in accordance with this
Section 12.4 may change the address or the contact to whom notices or copies
thereof shall be directed.

 

12.5.  Counterparts. This
Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original, and all of which together will constitute one and the
same instrument.

 

12.6.  Assignment. This
Agreement shall be binding upon and inure to the benefit of the successors and
assigns of each party hereto, but no rights, obligations or liabilities
hereunder shall be assignable by either party without the prior written consent
of the other party.

 

12.7.  Waivers. Except
as otherwise provided herein, Transferee or Transferor (acting on behalf of
itself and its appropriate Affiliates), may waive in writing compliance by any
of the other party hereto (to the extent such compliance is for the benefit of
the party giving such waiver) with any of the terms, covenants or conditions
contained in this Agreement or in any of the other Transaction Documents (except
such as may be imposed by law). Any waiver by either party of any violation of,
breach of, or default under, any provision of this Agreement or any of the other
Transaction Documents, by the other party shall not be construed as, or
constitute, a continuing waiver of such provision, or waiver of any other
violation of, breach of or default under any other provision of this Agreement
or any of the other Transaction Documents.

 

12.8.  Third
Parties. Nothing
expressed or implied in this Agreement is intended, or shall be construed, to
confer upon or give any Person or entity other than Transferee and Transferor
any rights or remedies under or by reason of this Agreement.

 

 

19

 

12.9.  Schedules,
Addenda and Exhibits. The
Schedules, Addenda and Exhibits attached to this Agreement are incorporated
herein and shall be part of this Agreement for all purposes.

 

12.10.  Headings. The
headings in this Agreement are solely for convenience of reference and shall not
be given any effect in the construction or interpretation of this
Agreement.

 

12.11.  Certain
Definitions. For
purposes of this Agreement, the term "Affiliate" shall mean any Person that
directly, or indirectly through one or more Persons, controls, is controlled by,
or is under common control with, the Person specified or, directly or
indirectly, is related to or otherwise associated with any such Person or
entity.

 

12.12.  Remedies
Not Exclusive. No
remedy conferred by any of the specific provisions of this Agreement is intended
to be exclusive of any other remedy and each remedy shall be cumulative and
shall be in addition to every other remedy given hereunder or hereafter existing
at law or in equity or by statute or otherwise. No remedy shall be deemed to be
a limitation on the amount or measure of damages resulting from any breach of
this Agreement. The election of any one or more remedies shall not constitute a
waiver of the right to pursue other available remedies.

 

12.13.  Gender
and Number. The
masculine, feminine or neuter gender and the singular or plural number shall
each be deemed to include the others whenever the context so
indicates.

 

[Signature
Page Follows]

 

 

CHI-1465826v2 

20

IN
WITNESS WHEREOF, the parties have caused their duly authorized representatives
to execute this Agreement as of the date first above written.

 

	 	 	 
	 	AMEREN ENERGY
      GENERATING
COMPANY, an Illinois corporation
	 
 	 
 	 
 
		By:  	/s/ Robert L.
  Powers
	 	
      

      Robert L. Powers
	 	Vice
President

 

	 	 	 
	 	UNION ELECTRIC
      COMPANY,
d/b/a AmerenUE, a Missouri corporation
	 
 	 
 	 
 
		By:  	/s/ Dennis W. Weisenborn
	 	
      

    
	 	Vice President

 

 

 

21

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