Document:

Exhibit 4.9

 

WHEN RECORDED MAIL TO:

Illinois Power Company

Craig W. Stensland

One Ameren Plaza (MC 1310)

1901 Chouteau Avenue

St. Louis, MO 63103

 

 

ILLINOIS POWER COMPANY

 

TO

 

THE BANK OF NEW YORK TRUST COMPANY, N.A.

 

(FORMERLY BNY MIDWEST TRUST COMPANY),

 

AS SUCCESSOR TRUSTEE TO

 

HARRIS TRUST AND SAVINGS BANK

 

 

SUPPLEMENTAL INDENTURE

 

DATED AS OF APRIL 1, 2008

 

TO

 

GENERAL MORTGAGE INDENTURE AND DEED OF TRUST

 

DATED AS OF NOVEMBER 1, 1992

 

This
instrument was prepared by Steven R. Sullivan, Senior Vice President, General
Counsel and Secretary of Illinois Power Company c/o Ameren Corporation, One
Ameren Plaza, 1901 Chouteau Avenue, St. Louis, Missouri 63103.

 

 

SUPPLEMENTAL INDENTURE dated as of April 1, 2008 (“Supplemental
Indenture”), made by and between ILLINOIS POWER COMPANY, a corporation
organized and existing under the laws of the State of Illinois (the “Company”),
party of the first part, and THE BANK OF NEW YORK TRUST COMPANY, N.A. (formerly
BNY Midwest Trust Company), a corporation organized and existing under the laws
of the State of Illinois, as successor trustee to Harris Trust and Savings
Bank, a corporation organized and existing under the laws of the State of
Illinois (the “Trustee”), as Trustee under the General Mortgage Indenture and
Deed of Trust dated as of November 1, 1992, hereinafter mentioned, party
of the second part;

 

WHEREAS, the Company has
heretofore executed and delivered its General Mortgage Indenture and Deed of
Trust dated as of November 1, 1992 as from time to time amended (the “Indenture”),
to the Trustee, for the security of the Bonds of the Company issued and to be
issued thereunder (the “Bonds”); and

 

WHEREAS, pursuant to the terms
and provisions of the Indenture there were created and authorized by
supplemental indentures thereto bearing the following dates, respectively, the
Mortgage Bonds of the series issued thereunder and respectively identified
opposite such dates:

 

	
  DATE OF

  SUPPLEMENTAL INDENTURE

  	
   

  	
  IDENTIFICATION OF SERIES

  	
   

  	
  CALLED

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  February 15, 1993

  	
   

  	
  8% Series due 2023 (redeemed)

  	
   

  	
  Bonds of the 2023 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  March 15, 1993

  	
   

  	
  6 1/8% Series due 2000 (paid at maturity)

  	
   

  	
  Bonds of the 2000 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  March 15, 1993

  	
   

  	
  6 3/4% Series due 2005 (paid at maturity)

  	
   

  	
  Bonds of the 2005 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  July 15, 1993

  	
   

  	
  7 1/2% Series due 2025 (redeemed)

  	
   

  	
  Bonds of the 2025 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  August 1, 1993

  	
   

  	
  6 1/2% Series due 2003 (paid at maturity)

  	
   

  	
  Bonds of the 2003 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  October 15, 1993

  	
   

  	
  5 5/8% Series due 2000 (paid at maturity)

  	
   

  	
  Bonds of the Second 2000 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  November 1, 1993

  	
   

  	
  Pollution Control Series M (redeemed)

  	
   

  	
  Bonds of the Pollution Control Series M

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  November 1, 1993

  	
   

  	
  Pollution Control Series N (redeemed)

  	
   

  	
  Bonds of the Pollution Control Series N

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  November 1, 1993

  	
   

  	
  Pollution Control Series O (redeemed)

  	
   

  	
  Bonds of the Pollution Control Series O

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  April 1, 1997

  	
   

  	
  Pollution Control Series P

  	
   

  	
  Bonds of the Pollution Control Series P

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  April 1, 1997

  	
   

  	
  Pollution Control Series Q

  	
   

  	
  Bonds of the Pollution Control Series Q

  

 

 

	
  DATE OF

  SUPPLEMENTAL INDENTURE

  	
   

  	
  IDENTIFICATION OF SERIES

  	
   

  	
  CALLED

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  April 1, 1997

  	
   

  	
  Pollution Control Series R

  	
   

  	
  Bonds of the Pollution Control Series R

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  March 1, 1998

  	
   

  	
  Pollution Control Series S

  	
   

  	
  Bonds of the Pollution Control Series S

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  March 1, 1998

  	
   

  	
  Pollution Control Series T

  	
   

  	
  Bonds of the Pollution Control Series T

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  July 15, 1998

  	
   

  	
  6 1/4% Series due 2002 (paid at maturity)

  	
   

  	
  Bonds of the 2002 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  September 15, 1998

  	
   

  	
  6% Series due 2003 (paid at maturity)

  	
   

  	
  Bonds of the Second 2003 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  June 15, 1999

  	
   

  	
  7.50% Series due 2009

  	
   

  	
  Bonds of the 2009 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  July 15, 1999

  	
   

  	
  Pollution Control Series U

  	
   

  	
  Bonds of the Pollution Control Series U

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  July 15, 1999

  	
   

  	
  Pollution Control Series V (redeemed)

  	
   

  	
  Bonds of the Pollution Control Series V

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  May 1, 2001

  	
   

  	
  Pollution Control Series W

  	
   

  	
  Bonds of the Pollution Control Series W

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  May 1, 2001

  	
   

  	
  Pollution Control Series X

  	
   

  	
  Bonds of the Pollution Control Series X

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  July 1, 2002

  	
   

  	
  10 5/8% Series due 2007 (not issued)

  	
   

  	
  Bonds of the 2007 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  July 1, 2002

  	
   

  	
  10 5/8% Series due 2012 (not issued)

  	
   

  	
  Bonds of the 2012 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  December 15, 2002

  	
   

  	
  11.50% Series due 2010

  	
   

  	
  Bonds of the 2010 Series

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  June 1, 2006

  	
   

  	
  Mortgage Bonds, Senior Notes Series AA

  	
   

  	
  Bonds of Series AA

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  August 1, 2006

  	
   

  	
  Mortgage Bonds, 2006 Credit Agreement Series Bonds

  	
   

  	
  2006 Credit Agreement Series Bonds

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  March 1, 2007

  	
   

  	
  Mortgage Bonds, 2007 Credit Agreement Series Bonds

  	
   

  	
  2007 Credit Agreement Series Bonds

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  November 15, 2007

  	
   

  	
  Mortgage Bonds, Senior Notes Series BB

  	
   

  	
  Bonds of Series BB

  

 

and

 

WHEREAS, a supplemental
indenture with respect to the Bonds of the 2007 Series and the Bonds of
the 2012 Series listed above was executed and filed but such Bonds of the
2007 Series and Bonds of the 2012 Series were never issued and a
release with respect to such supplemental indenture was subsequently executed
and filed; and

 

2

 

WHEREAS, the Company desires
to create a new series of Bonds to be issued under the Indenture to be known as
“Mortgage Bonds, Senior Notes Series CC” (the “Series CC Mortgage
Bonds”); and

 

WHEREAS, the Company has entered into an
Indenture dated as of June 1, 2006 (the “Senior Note Indenture”) with The
Bank of New York Trust Company, N.A., as trustee (the “Senior Note Trustee”),
providing for the issuance from time to time of senior notes thereunder; and

 

WHEREAS, the Company desires
by this Supplemental Indenture to issue to the Senior Note Trustee the Series CC
Mortgage Bonds as security for $337,000,000 aggregate principal amount of the
Company’s 6.25% Senior Secured Notes due 2018 (the “Senior Notes”) to be issued
under the Senior Note Indenture; and

 

WHEREAS, the Company, in the
exercise of the powers and authority conferred upon and reserved to it under
the provisions of the Indenture, and pursuant to appropriate resolutions of the
Board of Directors, has duly resolved and determined to make, execute and
deliver to the Trustee this Supplemental Indenture in the form hereof for the
purposes herein provided; and

 

WHEREAS, all conditions and
requirements necessary to make this Supplemental Indenture a valid, binding and
legal instrument have been done, performed and fulfilled and the execution and
delivery hereof have been in all respects duly authorized;

 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE
WITNESSETH:

 

THAT Illinois Power Company, in consideration of the purchase and
ownership from time to time of the Bonds and the service by the Trustee, and
its successors, under the Indenture and of One Dollar to it duly paid by the
Trustee at or before the ensealing and delivery of these presents, the receipt
whereof is hereby acknowledged, hereby covenants and agrees to and with the
Trustee and its successors in the trust under the Indenture, for the benefit of
those who shall hold the Bonds as follows:

 

ARTICLE I

DESCRIPTION OF THE SERIES CC MORTGAGE BONDS.

 

Section 1.     The Company hereby creates a new series of Bonds to be known
as “Mortgage Bonds, Senior Notes Series CC” (the “Series CC Mortgage
Bonds”).  The Series CC Mortgage
Bonds shall be executed, authenticated and delivered in accordance with the
provisions of, and shall in all respects be subject to, all of the terms,
conditions and covenants of the Indenture, as supplemented and modified.  The Series CC Mortgage Bonds shall be
issued in the name of the Senior Note Trustee under the Senior Note Indenture
to secure any and all of the Company’s obligations under the Senior Notes and
any other series of senior notes from time to time outstanding under the Senior
Note Indenture.

 

The Series CC Mortgage Bonds shall be dated as provided in Section 3.03
of Article Three of the Indenture. 
The Series CC Mortgage Bonds shall mature on April 1, 2018,
shall accrue interest from the dates set forth in the Senior Notes and shall
bear interest at the same rate of interest as the Senior Notes.  Interest on the Series CC Mortgage Bonds
is payable on the same dates as interest on the Senior Notes is paid, until the
principal sum is paid in full.

 

3

 

Upon any payment of the
principal of, premium, if any, and interest on, all or any portion of the
Senior Notes, whether at maturity or prior to maturity by redemption or
otherwise or upon provision for the payment thereof having been made in
accordance with Section 5.01(a) of the Senior Note Indenture, the Series CC
Mortgage Bonds in a
principal amount equal to the principal amount of such Senior Notes shall, to
the extent of such payment of principal, premium, if any, and interest, be
deemed paid and the obligation of the Company thereunder to make such payment
shall be discharged to such extent and, in the case of the payment of principal
(and premium, if any), such Series CC Mortgage Bonds shall be surrendered to the Company for
cancellation as provided in Section 4.08 of the Senior Note
Indenture.  The Trustee may at any time
and all times conclusively assume that the obligation of the Company to make
payments with respect to the principal of, premium, if any, and interest on the
Senior Notes, so far as such payments at the time have become due, has been
fully satisfied and discharged pursuant to the foregoing sentence unless and
until the Trustee shall have received a written notice from the Senior Note
Trustee signed by one of its officers stating (i) the timely payment of
principal, or premium, if any, or interest on, the Senior Notes has not been
made, (ii) that the Company is in arrears as to the payments required to
be made by it to the Senior Note Trustee pursuant to the Senior Note Indenture,
and (iii) the amount of the arrearage.

 

Section 2.     The Series CC Mortgage Bonds and the Trustee’s
Certificate of Authentication shall be substantially in the following forms
respectively:

 

[FORM OF FACE OF BOND]

 

NOTWITHSTANDING ANY PROVISIONS
HEREOF OR IN THE INDENTURE THIS BOND IS NOT ASSIGNABLE OR TRANSFERABLE EXCEPT
AS PERMITTED BY SECTION 4.04 OF THE

INDENTURE DATED AS OF JUNE 1, 2006, BETWEEN

ILLINOIS POWER COMPANY AND THE BANK OF NEW YORK TRUST COMPANY, N.A., AS TRUSTEE

 

ILLINOIS POWER COMPANY

 

(Incorporated under the laws of the State of Illinois)

 

Illinois Commerce Commission

Identification No.: Ill. C.C. 6480

 

MORTGAGE
BOND, SENIOR NOTES SERIES CC

 

	
  No.

  	
  $337,000,000

  

 

ILLINOIS POWER COMPANY, a corporation organized and existing under the
laws of the State of Illinois (the “Company”), which term shall include any
successor corporation as defined in the Indenture hereinafter referred to, for
value received, hereby promises to pay to The Bank of New York Trust Company,
N.A., as trustee (the “Senior Note Trustee”) under the Indenture dated as of June 1,
2006 (the “Senior Note Indenture”), relating to the Company’s 6.25% Senior
Secured Notes due 2018 (the “Senior Notes”) in the aggregate principal amount
of $337,000,000, between the Company and the Senior Note Trustee, or registered
assigns, the principal sum of $337,000,000 on April 1, 2018, in any coin
or currency of the United States of America, which at the time of payment is
legal tender for public and private debts, and to pay interest thereon in like
coin or currency from the date of issuance (and thereafter from the dates 

 

4

 

set forth in the Senior Notes), and at
the same rate of interest as the Senior Notes. 
Interest on overdue principal, premium, if any, and, to the extent
permitted by law, on overdue interest, shall be payable at the interest rate
payable on the Senior Notes.  Interest on
this Mortgage Bond is payable on the same dates as interest on the Senior Notes
is paid, until the principal sum of this Mortgage Bond is paid in full.  Pursuant to Article IV of the Senior
Note Indenture, this Mortgage Bond is issued to the Senior Note Trustee to
secure any and all obligations of the Company under the Senior Notes and any
other series of senior notes from time to time outstanding under the Senior
Note Indenture.  Payment of principal of,
or premium, if any, or interest on, the Senior Notes shall constitute payments
on this Mortgage Bond as further provided herein and in the Supplemental
Indenture of April 1, 2008 (as hereinafter defined) pursuant to which this
Mortgage Bond has been issued. Both the principal of, premium, if any, and the
interest on, this Mortgage Bond are payable at the office of the Senior Note
Trustee.

 

Upon any payment of the
principal of, premium, if any, and
interest on, all or any portion of the Senior Notes, whether at maturity or
prior to maturity by redemption or otherwise or upon provision for the payment
thereof having been made in accordance with Section 5.01(a) of the
Senior Note Indenture, a principal amount of this Mortgage Bond equal to the
principal amount of such Senior Notes shall, to the extent of such payment of
principal, premium, if any, and interest, be deemed paid and the obligation of
the Company thereunder to make such payment shall be discharged to such extent
and, in the case of the payment of principal (and premium, if any), such
Mortgage Bonds shall be surrendered to the Company for cancellation as provided
in Section 4.08 of the Senior Note Indenture.  The Trustee (as hereinafter defined) may at
any time and all times conclusively assume that the obligation of the Company
to make payments with respect to the principal of, premium, if any, and interest on, the Senior Notes, so far as
such payments at the time have become due, has been fully satisfied and
discharged pursuant to the foregoing sentence unless and until the Trustee
shall have received a written notice from the Senior Note Trustee signed by one
of its officers stating (i) that timely payment of principal of, premium, if any, or interest on, the
Senior Notes has not been made, (ii) that the Company is in arrears as to
the payments required to be made by it to the Senior Note Trustee pursuant to
the Senior Note Indenture, and (iii) the amount of the arrearage.

 

For purposes of Section 4.09 of the Senior Note Indenture, this
Mortgage Bond shall be deemed to be the “Related Series of Senior Note
Mortgage Bonds” in respect of the Senior Notes.

 

This Mortgage Bond shall not be entitled to any benefit under the
Indenture or any indenture supplemental thereto, or become valid or obligatory
for any purpose, until the form of certificate endorsed hereon shall have been
signed by or on behalf of The Bank of New York Trust Company, N.A. (formerly
BNY Midwest Trust Company), as successor trustee to Harris Trust and Savings
Bank, the Trustee under the Indenture, or a successor trustee thereto under the
Indenture (the “Trustee”).

 

The provisions of this Mortgage Bond are continued on the reverse
hereof and such continued provisions shall for all purposes have the same
effect as though fully set forth at this place.

 

5

 

IN WITNESS WHEREOF, Illinois Power Company has caused this Mortgage
Bond to be signed (manually or by facsimile signature) in its name by an
Authorized Executive Officer, as defined in the aforesaid Indenture, and
attested (manually or by facsimile signature) by an Authorized Executive
Officer, as defined in such Indenture on the date hereof.

 

Dated April 8, 2008

 

ILLINOIS POWER COMPANY,

 

By:

AUTHORIZED EXECUTIVE OFFICER

 

ATTEST:

 

	
  By:

  	
  AUTHORIZED EXECUTIVE OFFICER

  

 

6

 

[FORM OF TRUSTEE’S CERTIFICATE OF
AUTHENTICATION]

 

This is one of the Mortgage Bonds of the series designated therein
referred to in the within mentioned Indenture and the Supplemental Indenture
dated as of April 1, 2008.

 

THE BANK OF NEW YORK TRUST COMPANY, N.A.

(formerly BNY Midwest Trust Company),

as successor trustee to

Harris Trust and Savings Bank,

TRUSTEE,

 

By:

AUTHORIZED SIGNATORY

 

[FORM OF REVERSE OF BOND]

 

This Mortgage Bond is one of a duly authorized issue of Mortgage Bonds
of the Company (the “Mortgage Bonds”) in unlimited aggregate principal amount,
of the series hereinafter specified, all issued and to be issued under and
equally secured by the General Mortgage Indenture and Deed of Trust (the “Indenture”),
dated as of November 1, 1992, executed by the Company to The Bank of New
York Trust Company, N.A. (formerly BNY Midwest Trust Company), as successor
trustee to Harris Trust and Savings Bank (the “Trustee”) to which Indenture and
all indentures supplemental thereto reference is hereby made for a description
of the properties mortgaged and pledged, the nature and extent of the security,
the rights of registered owners of the Mortgage Bonds and of the Trustee in
respect thereof, and the terms and conditions upon which the Mortgage Bonds
are, and are to be, secured.  The Mortgage
Bonds may be issued in series, for various principal sums, may mature at
different times, may bear interest at different rates and may otherwise vary as
provided in the Indenture.  This Mortgage
Bond is one of a series designated as the Series CC Mortgage Bonds of the
Company, unlimited in aggregate principal amount, issued under and secured by
the Indenture and described in the Supplemental Indenture dated as of April 1,
2008 (the “Supplemental Indenture of April 1, 2008” ), between the Company
and the Trustee, supplemental to the Indenture.

 

This Series CC Mortgage Bond is subject to redemption in
accordance with the terms of Article II of the Supplemental Indenture of April 1,
2008.

 

In case an Event of Default, as defined in the Indenture, shall occur,
the principal of all Mortgage Bonds at any such time outstanding under the
Indenture may be declared or may become due and payable, upon the conditions
and in the manner and with the effect provided in the Indenture.  The Indenture provides that such declaration
may be rescinded under certain circumstances.

 

ARTICLE II

 

REDEMPTION.

 

Section 1.     The Series CC
Mortgage Bonds are
not redeemable except on the date, in the principal amount and for the
redemption price that correspond to the redemption date for, the 

 

7

 

principal amount
to be redeemed of, and the redemption price for, the Senior Notes, and except
as set forth in Section 2 of this Article II.

 

In the event that
the Company redeems any Senior Notes prior to maturity in accordance with the
provisions of the Senior Note Indenture, the Senior Note Trustee shall on the
same date deliver to the Company the Series CC Mortgage Bonds in principal
amount corresponding to the Senior Notes so redeemed, as provided in Section 4.08
of the Senior Note Indenture.  The
Company agrees to give the Trustee notice of any such redemption of the Senior
Notes on or before the date fixed for any such redemption.

 

Section 2.     Upon
the occurrence of an Event of Default under the Senior Note Indenture (as
defined therein) and the acceleration of the Senior Notes, the Series CC
Mortgage Bonds shall be redeemable in whole upon receipt by the Trustee (with a
copy to the Company) of a written demand (hereinafter called a “Redemption
Demand”) from the Senior Note Trustee stating that there has occurred under the
Senior Note Indenture both an Event of Default and a declaration of
acceleration of payment of principal, accrued interest and premium, if any, on
the Senior Notes specifying the last date to which interest on such Senior
Notes has been paid (such date being hereinafter referred to as the “Initial
Interest Accrual Date”) and demanding redemption of the Series CC Mortgage
Bonds.  The Company waives any right it
may have to prior notice of such redemption under the Indenture.  Upon surrender of the Series CC Mortgage
Bonds by the Senior Note Trustee to the Trustee, the Series CC Mortgage
Bonds shall be redeemed at a redemption price equal to the principal amount
thereof plus accrued interest thereon from the Initial Interest Accrual Date to
the redemption date; provided, however, that in the event of a rescission or
annulment of acceleration of the Senior Notes pursuant to the last paragraph of
Section 8.01(a) of the Senior Note Indenture, then any Redemption
Demand shall thereby be deemed to be rescinded by the Senior Note Trustee
although no such rescission or annulment shall extend to or affect any
subsequent default or impair any right consequent thereon.

 

ARTICLE III

 

ISSUE OF THE SERIES CC MORTGAGE BONDS.

 

Section 1.     The Company hereby
exercises the right to obtain the authentication of $337,000,000 principal
amount of additional Bonds pursuant to the terms of Section 4.04 of the
Indenture, all of which shall be Series CC Mortgage Bonds.  The principal amount of the Series CC
Mortgage Bonds outstanding from time to time shall always be equal to the
principal amount of the Senior Notes which are outstanding from time to time
under the Senior Note Indenture and to the extent the Senior Note Trustee holds
Series CC Mortgage Bonds in excess of such principal amount, such Series CC
Mortgage Bonds shall be deemed cancelled and retired and no longer outstanding
under the Indenture.

 

Section 2.     Such Series CC
Mortgage Bonds may be authenticated and delivered prior to the filing for
recordation of this Supplemental Indenture.

 

Section 3.     For purposes of Section 4.09 of the
Senior Note Indenture, the Series CC Mortgage Bonds shall be deemed to be the “Related Series of
Senior Notes Mortgage Bonds” in respect of the Senior Notes.

 

8

 

ARTICLE IV

 

THE TRUSTEE.

 

The Trustee hereby accepts the trusts hereby declared and provided, and
agrees to perform the same upon the terms and conditions in the Indenture set
forth and upon the following terms and conditions:

 

The Trustee shall not be responsible in any manner whatsoever for or in
respect of the validity or sufficiency of this Supplemental Indenture or the
due execution hereof by the Company or for or in respect of the recitals
contained herein, all of which recitals are made by the Company solely.  In general, each and every term and condition
contained in Article Eleven of the Indenture shall apply to this
Supplemental Indenture with the same force and effect as if the same were
herein set forth in full, with such omissions, variations and modifications
thereof as may be appropriate to make the same conform to this Supplemental
Indenture.

 

ARTICLE V

 

MISCELLANEOUS PROVISIONS.

 

This Supplemental Indenture may be simultaneously executed in any
number of counterparts, each of which when so executed shall be deemed to be an
original; but such counterparts shall together constitute but one and the same
instrument.

 

9

 

IN WITNESS WHEREOF, said Illinois Power Company has caused this
Supplemental Indenture to be executed on its behalf by an Authorized Executive
Officer as defined in the Indenture, and its corporate seal to be hereto
affixed and said seal and this Supplemental Indenture to be attested by an
Authorized Executive Officer as defined in the Indenture; and said The Bank of
New York Trust Company, N.A. (formerly BNY Midwest Trust Company), as successor
trustee to Harris Trust and Savings Bank, in evidence of its acceptance of the
trust hereby created, has caused this Supplemental Indenture to be executed on
its behalf by its President or one of its Vice Presidents and its corporate
seal to be hereto affixed and said seal and this Supplemental Indenture to be
attested by its Secretary or one of its Vice Presidents; all as of April 1,
2008.

 

 

	
  ILLINOIS POWER COMPANY

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (CORPORATE SEAL)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jerre E. Birdsong

  
	
   

  	
   

  	
  Name: 

  	
  Jerre E. Birdsong

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
  ATTEST:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Craig W. Stensland

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Craig W. Stensland

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Assistant Secretary

  	
   

  	
   

  
									

 

10

 

THE BANK OF NEW YORK TRUST COMPANY, N.A.

(formerly BNY Midwest Trust Company),

successor trustee to

Harris Trust and Savings Bank,

TRUSTEE,

 

(CORPORATE SEAL)

 

	
   

  	
  By:

  	
  /s/ Judy Bartolini

  
	
   

  	
   

  	
  Name: Judy Bartolini

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  
	
  ATTEST:

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Mary Callahan

  	
   

  	
   

  
	
   

  	
  Name: Mary Callahan

  
	
   

  	
  Title: Vice President

  
					

 

11

 

	
  STATE OF MISSOURI

  	
  )

  	
   

  
	
   

  	
   

  	
  ss.

  
	
  CITY OF ST. LOUIS

  	
  )

  	
   

  

 

BE IT REMEMBERED, that on this 1st day of April, 2008, before me, the
undersigned, a Notary Public within and for the City and State aforesaid,
personally came Jerre E. Birdsong, Vice President and Treasurer and Ron Gieseke,
Assistant Secretary, of Illinois Power Company, a corporation duly organized,
incorporated and existing under the laws of the State of Illinois, who are
personally known to me to be such officers, and who are personally known to me
to be the same persons who executed as such officers the within instrument of
writing, and such persons duly acknowledged that they signed, sealed and
delivered the said instrument as their free and voluntary act as such officers
and as the free and voluntary act of said Illinois Power Company for the uses
and purposes therein set forth.

 

IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my
official seal on the day and year last above written.

 

	
   

  	
  /s/ Danielle R. Moskop

  
	
   

  	
  NOTARY
  PUBLIC

  
	
   

  	
   

  
	
   

  	
   

  
	
  My
  Commission Expires on July 21, 2009

  	
   

  
	
  (NOTARIAL SEAL)

  	
   

  

 

12

 

	
  STATE OF ILLINOIS

  	
  )

  	
   

  
	
   

  	
   

  	
  ss.

  
	
  CITY OF CHICAGO

  	
  )

  	
   

  

 

BE IT REMEMBERED, that on this 1st day of April, 2008, before me, the
undersigned, a Notary Public within and for the County and State aforesaid,
personally came J. Bartolini, Vice President and M. Callahan, Vice President,
of The Bank of New York Trust Company, N.A., a corporation duly organized,
incorporated and existing under the laws of the State of Illinois, who are
personally known to me to be the same persons who executed as such officers the
within instrument of writing, and such persons duly acknowledged that they
signed, sealed and delivered the said instrument as their free and voluntary
act as such Vice President and Vice President, and as the free and voluntary
act of said The Bank of New York Trust Company, N.A. for the uses and purposes
therein set forth.

 

IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my
official seal on the day and year last above written.

 

	
   

  	
  /s/ Julie Meadors

  
	
   

  	
  NOTARY
  PUBLIC, ILLINOIS

  
	
   

  	
   

  
	
   

  	
   

  
	
  My
  Commission Expires on January 7, 2012

  	
   

  
	
  (NOTARIAL SEAL)

  	
   

  

 

13Exhibit
10.1

 

SEPARATION AGREEMENT

 

THIS AGREEMENT (this “Agreement”), made and entered
into as of this 8th day of April, 2008 to be effective as of April 11, 2008
(the “Termination Date”), by and between the Seneca Gaming Corporation (“Parent”),
a wholly-owned governmental instrumentality of the Seneca Nation of Indians
(the “Nation”) and Patrick M. Fox (“Executive”),

 

W I T N E S S E T H:

 

WHEREAS, Executive and Parent entered into that
certain Employment Agreement, effective as of June 22, 2006 (the “Employment
Agreement”), pursuant to which Executive served initially as the Vice President
of Finance, and later as the Chief Financial Officer, of Parent; and

 

WHEREAS, Executive also serves as the Chief Financial
Officer of each of Parent’s wholly-owned subsidiaries:  Seneca Niagara Falls Gaming Corporation,
Seneca Territory Gaming Corporation, Seneca Erie Gaming Corporation and
Lewiston Golf Course Corporation (collectively, the “Subsidiaries” and together
with Parent, “Employer”); and

 

WHEREAS, Executive has elected to resign as an
employee and officer of Parent and each of the Subsidiaries effective as of the
Termination Date.

 

NOW, THEREFORE, for and in consideration of the mutual
covenants and obligations contained herein, Parent and Executive hereby agree
as follows:

 

ARTICLE I:                           RESIGNATION
AND POST-TERMINATION COOPERATION

 

Section 1.1             Resignation.   Executive
hereby resigns as an employee and officer of Parent and the Subsidiaries
effective as of the close of business on the Termination Date.  Except as specifically provided in Article III
of this Agreement, notwithstanding any other written or oral agreements between
Employer and Executive relating to Executive’s employment or termination
thereof, and all subsequent amendments thereto, including, without limitation,
the Employment Agreement, such resignation shall not be deemed to be a breach
by Executive or Employer of any such agreements, and in consideration of the
payments and benefits herein described, any and all terms set forth in such
agreements, including, without limitation, the Employment Agreement, shall
terminate and cease to have any effect as of the Termination Date
notwithstanding any survival clauses therein contained.  Executive agrees to execute all other necessary
documents that Employer requests that he execute to evidence his termination of
employment and his status as an employee and officer of Employer.  Executive represents, understands and agrees
that following the Termination Date, he will not, at any time, apply for, seek,
or accept any employment with, and waives any right to employment with, Employer.

 

Section 1.2             Post-Termination
Cooperation.   Following the Termination Date, Executive
agrees to reasonably cooperate with Employer, as and when reasonably requested,
for 

 

 

purposes of facilitating
Employer’s transitioning of matters in which Executive was engaged or for which
Executive was responsible as an employee of Employer.  Executive shall have no power to bind Employer
in contractual or other matters, and shall not hold himself out as having such
authority.

 

ARTICLE II:                          SEPARATION
PAYMENTS, BENEFITS AND FEES

 

Section 2.1             Separation
Payments.   Upon execution and delivery of this Agreement by
the parties, and consistent with customary policies of Parent, to the extent
not previously paid, the Company shall pay Executive:  (a) all unpaid base compensation payable
under Section 3.A. of Executive’s Employment Agreement for the period
prior to the Termination Date; (b) an amount equal to one hundred eighty
(180) days of additional base compensation at the rate described in Section 3.A.
of Executive’s Employment Agreement, payable in a lump sum, and (c) any
unpaid reasonable business expenses incurred through the Termination Date.  Parent further agrees to reimburse Executive
for reasonable costs and expenses incurred by Executive:  (x) in connection with Executive’s
relocation from Niagara Falls, NY to the Chicago, IL metropolitan area and (y) at
Parent’s direction in connection with Executive’s efforts pursuant to Section 1.2
above, subject in each case to Parent’s receipt of adequate documentation
thereof and compliance with Parent’s applicable policies and procedures.

 

Section 2.2             Benefits.   Subsequent
to the close of business on the Termination Date, Executive shall cease to be
eligible to participate in all Employer employee benefit plans, provided that,
for the period commencing on the Termination Date and ending on the earlier of (a) the
date one hundred eighty (180) days following the Termination Date, or (b) the
date on which Executive is eligible to receive employer health insurance
coverage through a new employer, Employer will pay the cost of (1) Executive’s
premiums for continuation healthcare coverage under Section 4980B of the
Internal Revenue Code of 1986, as amended (COBRA) and (2) reimbursement
under Exec-u-Care® consistent with Executive’s participation in Exec-u-Care®
prior to the Termination Date.

 

Section 2.3             Withholding
of Taxes.   Parent may withhold from any benefits or
compensation payable under this Agreement all federal, state, city or other
taxes as may be required pursuant to any law or governmental regulation or
ruling.

 

Section 2.4             No
Other Payments.   Except as specifically provided in this
Agreement or as otherwise may be required by law, Executive acknowledges and
agrees that he shall not be entitled to receive any other payments, salary,
bonus, pension, medical, life, disability insurance or any other benefits,
incentive compensation, or severance or separation pay or any other claim or
compensation or benefits of any kind or nature whatsoever that Executive may
now have or ever claimed to have been entitled to from Employer or any
affiliate.  Executive’s participation in
any other employee benefit plan maintained by Employer or any affiliate shall terminate
effective as of the Termination Date in accordance with the terms of such
employee benefit plans and applicable law. 
Except as specifically set forth herein, Executive acknowledges and
agrees that as of the Termination Date, his rights under the Employment
Agreement shall be void and cease to have any effect and this Agreement shall
provide the sole right Executive may have upon termination of his employment.

 

2

 

ARTICLE III:                        RESTRICTIVE
COVENANTS

 

Section 3.1             Acknowledgements.   Executive
acknowledges that:  (i) as a result
of Executive’s employment  with Employer,
he obtained secret, proprietary and confidential information concerning the
business of Employer, including, without limitation, business and marketing
plans, strategies, employee lists, patron lists, operating procedures, business
relationships (including persons, corporations or other entities performing
services on behalf of or otherwise engaged in business transactions with the
Employer), accounts, financial data, know-how, computer software and related
documentation, trade secrets, processes, policies and/or personnel, and other
information relating to the Employer (“Confidential Information”); (ii) the
Confidential Information has been developed and created by Employer at
substantial expense and the Confidential Information constitutes a valuable
proprietary asset and that Employer will suffer substantial damage and
irreparable harm which will be difficult to compute if, during the Restricted
Period, Executive should enter a Competitive Business (as defined herein) in
violation of the provisions of this Agreement; (iii) Employer will suffer
substantial damage which will be difficult to compute if, during the Restricted
Period, Executive should solicit or interfere with Employer’s employees, or patrons
or should divulge Confidential Information relating to the business of
Employer; (iv) the provisions of this Article III are reasonable and
necessary for the protection of the business of Employer; (v) Employer
would not have entered into this Agreement unless Executive made the
acknowledgements set forth in this Section; and (vi) the provisions of
this Agreement will not preclude Executive from other gainful employment.  For purposes of this Agreement, “Competitive
Business” means any gaming establishment which provides to its patrons games of
chance such as slot machines, card games, roulette, and similar games in the
State of New York or within a 100 mile radius of Nation Territory.  For purposes of this Agreement, “Nation
Territory” means, collectively, the Seneca Nation of Indians’ Allegany,
Cattaraugus, Oil Springs, Niagara Falls, and Buffalo Creek Territories.

 

Section 3.2             Confidentiality.   Executive
acknowledges and agrees that the unauthorized disclosure or misuse of
Confidential Information will cause substantial damage to the Employer.  Therefore, Executive agrees not to, at any
time, divulge, use, publish or in any other manner reveal, directly or
indirectly, to any person, firm or corporation any Confidential Information
obtained or learned by Executive during the course of his employment with
Employer, with regard to the operational, financial, business or other affairs
and activities of Employer, their officers, directors or employees and the
entities with which they have business relationships, except (i) as may be
necessary to the performance of Executive’s duties with Employer, (ii) with
Employer’s express prior written consent, (iii) to the extent that any
such information is in the public domain other than as a result of Executive’s
breach of any of his obligations hereunder, or (iv) where required to be
disclosed by court order, subpoena or other government process and, in such
event, Executive shall cooperate with the Employer in attempting to keep such
information confidential.

 

Section 3.3             Non-Compete.   For
the period commencing on the Termination Date and ending twelve (12) months thereafter
(the “Restricted Period”), Executive, without the prior written permission of Parent,
shall not, directly or indirectly, (i) enter into the employ of or 

 

3

 

render any services to any person or entity engaged in or preparing to
engage in a Competitive Business; or (ii) become affiliated with or
interested in any Competitive Business as an individual, partner, shareholder,
member, creditor, director, officer, principal, agent, employee, trustee,
consultant, or advisor, or in any other relationship or capacity.  This section 3.3 shall not prevent Executive
from owning common stock in a publicly traded corporation which owns or manages
a casino, provided that Executive does not take an active role in the ownership
or management of such corporation and his ownership interest represents less than
3% of the voting securities and/or economic value of such corporation.

 

Section 3.4                                      Non-Solicitation
– Employees.   By executing this Agreement, Executive
acknowledges that he understands that Employer’s ability to operate its
business depends upon its ability to attract and retain skilled people and that
Employer has and will continue to invest substantial resources in training such
individuals.  Therefore, during the
Restricted Period, Executive shall not, without the prior written permission of
Parent, directly solicit, employ or retain, or have or cause any other person
or entity to solicit, employ or retain, any person who is employed by Employer.

 

Section 3.5                                      Non-Solicitation
– Vendors.   By executing this Agreement, Executive
acknowledges that he understands that Employer’s ability to operate its
business depends upon its ability to attract and retain vendors and
patrons.  Therefore, during the
Restricted Period, Executive shall not, directly or indirectly, take any action
with respect to any current or potential vendors of Employer, or any such
persons or entities that were vendors of the Employer within the one year
period immediately prior to Executive’s termination of employment, that would
be adverse to the interests of Employer.

 

Section 3.6                                      Non-Disparagement.   The
parties hereto acknowledge and agree that during the restricted period and for
all time thereafter that they will not defame or publicly criticize the
services, business, integrity, veracity or personal or professional reputation
of the other party, or such party’s officers, directors, employees, agents or
affiliates, in either a professional or personal manner.

 

Section 3.7                                      Blue-Pencil.   If,
at any time, the provisions of this Agreement shall be determined to be invalid
or unenforceable under any applicable law, by reason of being vague or
unreasonable as to area, duration or scope of activity, this Agreement shall be
considered divisible and shall become and be immediately amended to include only
such area, duration and scope of activity as shall be determined to be
reasonable and enforceable by the court or other body having jurisdiction over
the matter and Executive and Employer agree that this Agreement as so amended
shall be valid and binding as though any invalid or unenforceable provision had
not been included herein.

 

ARTICLE IV:                        RELEASE

 

Section 4.1             Release
of Claims.

 

(a)           It
is understood and agreed by the parties to this Agreement that in consideration
of the mutual  covenants and obligations contained
in this Agreement, and after 

 

4

 

consultation with counsel, Executive for himself and each of his
respective heirs, representatives, agents, successors and assigns, irrevocably
and unconditionally releases and forever discharges the Nation, Parent, and
each Subsidiary, and its and their respective current and former officers,
directors, owners, employees, representatives, attorneys and agents, as well as
its and their respective predecessors, parent companies, subsidiaries, affiliates,
divisions, successors and assigns and its and their respective current and
former officers, directors, shareholders, employees, representatives, attorneys
and agents (the “Released Parties”), from any and all causes of action, claims,
actions, rights, judgments, obligations, damages, demands, accountings or
liabilities of whatever kind or character, which Executive may have against
them, or any of them, by reason of or arising out of, touching upon or
concerning Executive’s employment with Employer and the termination of his
employment, or any statutory claims, or any and all other matters of whatever
kind, nature or description, whether known or unknown, occurring prior to the Termination
Date.  Executive acknowledges that this
release of claims specifically includes, but is not limited to, any and all
claims for fraud; breach of contract; breach of the implied covenant of good
faith and fair dealing; inducement of breach; interference with contractual
rights; wrongful or unlawful discharge or demotion; violation of public policy;
invasion of privacy; intentional or negligent infliction of emotional distress;
intentional or negligent misrepresentation; conspiracy; failure to pay wages,
benefits, vacation pay, severance pay, attorneys’ fees, or other compensation
of any sort; defamation; unlawful effort to prevent employment; discrimination
on the basis of race, color, sex, national origin, ancestry, religion, age,
disability, handicap, medical condition or marital status; any claim under
Title VII of the Civil Rights Act of 1964 (Title VII, as amended), 42 U.S.C.
§2000, et seq., the Age Discrimination in
Employment Act (“ADEA”), 29 U.S.C. §621, et seq., the
Older Workers Benefit Protection Act (“OWBPA”), 29 U.S.C. §626(f), the
Equal Pay Act, the Family and Medical Leave Act, the New York Human Rights Law;
the New York Labor Law; the New York Whistleblower Protection Law; the New York
Wage and Hour Laws; violation of the Consolidated Omnibus Budget Reconciliation
Act of 1985 (“COBRA”); the Americans with Disabilities Act (“ADA”); violation
of the Occupational Safety and Health Act (“OSHA”) or any other health and/or
safety laws, statutes or regulations; violation of the Employee Retirement
Income Security Act of 1974 (“ERISA”); violation of the Internal Revenue Code
of 1986, as amended; any other foreign, federal, state, or local laws, common
law or case law relating to employment discrimination or the regulation of
employment; or any other wrongful conduct based upon events occurring prior to
the Termination Date.

 

(b)                                 Executive
represents and warrants that he has not assigned or subrogated any of his
rights, claims and causes of action, including any claims referenced in this
Agreement, or authorized any other person or entity to assert such claim or
claims on his behalf, and he agrees to indemnify and hold harmless the Released
Parties against any assignment of said rights, claims and/or causes of action.

 

(c)                                  Executive
acknowledges and agrees that the making of this Agreement, and anything
contained herein, is not intended, and shall not be construed, as an admission
that the Released Parties have: violated or abridged any foreign, federal,
state or local law (statutory or common law), ordinance or regulation; breached
any contract, or violated any right or obligation that it may owe or may have
owed to Executive or committed any wrong whatsoever against Executive.

 

5

 

Section 4.2             Waiver of Rights
Under the Age Discrimination Act.

 

(a)                                  Executive
understands that this Agreement, and the release contained herein, waives
claims and rights Executive might have under the ADEA. The waiver of Executive’s
rights under the ADEA does not extend to claims or rights that might arise
after the Effective Date.  Executive may
revoke the terms of this Agreement relating to ADEA claims by a written
document received by the Parent’s General Counsel at Seneca Niagara Falls
Casino and Hotel, 345 Third Street, Niagara Falls, New York (Seneca Nation
Territory) 14303 within seven (7) calendar days after Executive’s
execution of this Agreement.  Executive
agrees that any such revocation will not be effective unless it is made in
writing and delivered to Parent, to the attention of its General Counsel at the
address set forth above, by the end of the seventh (7th) calendar day.  This Agreement and the provisions of this Section 4.2
will become effective on the eighth (8th) calendar day after this Agreement is
executed by both parties (the “Effective Date”).  In the event of a valid revocation of this
Agreement by Executive, Executive shall not be entitled to be paid any of the
amounts described in this Agreement and this Agreement shall become null and
void.  Any amounts previously received by
Executive hereunder shall be immediately returned.

 

(b)                                 Executive
acknowledges that he has been given up to 21 days to decide whether to sign
this Agreement.  At Executive’s option
and sole discretion, Executive may waive the twenty-one (21) day review period
and execute this Agreement before the expiration of twenty-one (21) days.  If Executive elects to waive the twenty-one
(21) day review period, Executive acknowledges and admits that Executive was
given a reasonable period of time within which to consider this Agreement and
Executive’s waiver is made freely and voluntarily, without duress or any
coercion by any other person

 

Section 4.3                                      Workers
Compensation.   Executive expressly acknowledges that he has
not, to his knowledge, suffered from any illness or injury arising out of and
in the course of his employment with Employer that would be compensable under
the Workers’ Compensation Act (the “WC Act”), that he has not filed any claim
against Employer under the WC Act, and that he represents that he will not file
or otherwise assert any workers’ compensation claim against Employer seeking to
remedy an injury or illness caused by Executive’s employment and termination
thereof.

 

Section 4.4                                      Breach.   If
Executive should breach any of his obligations under this Article IV, Employer
shall have no further obligation to make the payments and benefits described herein
attached hereto and Executive shall be required to return all amounts paid to Executive
hereunder.

 

Section 4.5                                      Release
of Claims by Parent.   Subject to the provisions of this Agreement
and subject to Executive not exercising his revocation rights hereunder, Parent
and Employer hereby irrevocably and unconditionally release, waive and fully
and forever discharge Executive, from and against any and all claims,
liabilities, obligations, covenants, rights, demands and damages of any nature
whatsoever, whether known or unknown, anticipated or unanticipated, arising
from, by reason of or in any way related to any transaction, event or
circumstance which occurred or existed prior to and including the date of this
Agreement arising out of or in any way 

 

6

 

related to
Executive’s employment with Employer or the termination thereof.  Notwithstanding the provisions of this
paragraph, nothing in this waiver or release shall be construed to constitute
any release or waiver by either party of its rights or claims against the other
party arising out of or referred to in this Agreement or for any fraudulent
acts engaged in by the other party during the course of Executive’s employment.

 

ARTICLE V:                         MISCELLANEOUS

 

Section 5.1             Remedy.   Should
Executive engage in or perform, either directly or indirectly, any of the acts
prohibited by Articles III and IV or, in any other way, violate such Articles,
it is agreed that Employer shall be entitled to full injunctive relief, to be
issued by any competent court of equity, enjoining and restraining Executive
and each and every other person, firm, organization, association, or
corporation concerned therein, from the continuance of such violative
acts.  The foregoing remedy shall not be
deemed to limit or prevent the exercise by Employer of any or all further
rights and remedies which may be available to Employer hereunder or at law or
in equity.

 

Section 5.2             Notices.   For
purposes of this Agreement, notices and all other communications provided for
herein shall be in writing and shall be deemed to have been duly given when
personally delivered, sent by facsimile or when mailed by United States
registered or certified mail, return receipt requested, postage prepaid,
addressed to such address as provided in the signature pages hereto or
sent to such other address or facsimile number as each party may furnish to the
other in writing from time to time in accordance with this Section 5.2.

 

Section 5.3             Applicable
Law.   This Agreement is entered into under, and shall be
governed for all purposes by, the laws of the State of New York without giving
effect to any choice of law principles.

 

Section 5.4             No
Waiver.   No failure by either party hereto at any time to
give notice of any breach by the other party of, or to require compliance with,
any condition or provision of this Agreement shall (i) be deemed a waiver
of similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time or (ii) preclude insistence upon strict compliance in the
future.

 

Section 5.5             Severability.   If
a court of competent jurisdiction determines that any provision of this
Agreement is invalid or unenforceable, then the invalidity or unenforceability
of that provision shall not affect the validity or enforceability of any other
provision of this Agreement, and all other provisions shall remain in full
force and effect and such invalid or unenforceable provision shall be
reformulated by such court to preserve the intent of the parties hereto.

 

Section 5.6             Counterparts.  This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original, but both of
which together will constitute one and the same Agreement.

 

7

 

Section 5.7             Headings.   The
paragraph headings have been inserted for purposes of convenience and shall not
be used for interpretive purposes.

 

Section 5.8             Gender
and Plurals.   Wherever the context so requires, the
masculine gender includes the feminine or neuter, and the singular number
includes the plural and conversely.

 

Section 5.9             Affiliate.   As
used in this Agreement, unless otherwise indicated, “affiliate” shall mean any
person or entity which directly or indirectly through any one or more
intermediaries owns or controls, is owned or controlled by, or is under common
ownership or control with the Parent.

 

Section 5.10           Assignment.   This
Agreement is binding on Executive and Employer and their successors and
assigns; provided, however, that the rights and obligations of Employer
under this Agreement may be assigned to a successor entity.  No rights or obligations of Executive
hereunder may be assigned by Executive to any other person or entity, except by
will or the laws of descent and distribution. 
In the event of Executive’s death prior to receipt by Executive of all
amounts payable by Employer hereunder, such amounts shall be payable to
Executive’s designated beneficiaries on the same schedule as provided for in
this Agreement.

 

Section 5.11           Entire
Agreement.   Except as otherwise specifically provided
herein, this Agreement constitutes the entire agreement of the parties with
regard to the subject matter hereof, contains all the covenants, promises,
representations, warranties and agreements between the parties with respect to
Executive’s resignation from Employer and supersedes all prior employment or
severance or other agreements between Executive and Employer whether written or
oral or any of predecessor or affiliate of Employer, including, but not limited
to the Employment Agreement.  Executive
acknowledges and agrees that the consideration provided for herein is adequate
consideration for Executive waiving his rights under any other agreement
whether written or oral between Executive and Employer, including, without
limitation, the Employment Agreement. 
Except as otherwise provided herein, Executive acknowledges that no
representation, inducement, promise or agreement, oral or written, has been
made by either party, or by anyone acting on behalf of either party, which is
not embodied herein, and that no agreement, statement, or promise relating to
Executive’s resignation from Employer, that is not contained in this Agreement,
shall be valid or binding.  Any
modification of this Agreement will be effective only if it is in writing and
signed by the party to be charged.

 

ARTICLE VI:                        JOINT
DRAFTING

 

Executive and Parent acknowledge and agree that this Agreement was
jointly drafted by Parent on the one side and by Executive on the other side.  Neither party, nor any party’s counsel, shall
be deemed the drafter of this Agreement in any proceeding that may hereafter
arise between them.

 

ARTICLE VII:                      EXECUTIVE
ACKNOWLEDGEMENTS

 

Executive acknowledges that:

 

8

 

(a)          He has read and
understands the terms of this Agreement and has voluntarily agreed to these
terms without coercion or undue persuasion by Parent or any officer, director
or other agent thereof;

 

(b)         He has been encouraged by
Parent to seek, and has had the opportunity to seek competent legal counsel in
his review and consideration of this Agreement and its terms; and

 

(c)          This Agreement does not
purport to waive, and does not waive, any rights Executive may have which arise
after the Termination Date.

 

*                                         *                                         *

 

9

 

IN WITNESS WHEREOF, the
parties hereto have executed this Separation Agreement as of the date first
written above.

 

 

	
   

  	
  SENECA GAMING CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  E. Brian
  Hansberry

  
	
   

  	
  Title:

  	
  President and
  CEO

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  EXECUTIVE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Patrick M. Fox

  
				

 

10

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