Document:

PROPERTY MANAGEMENT AGREEMENT

 

THIS
PROPERTY MANAGEMENT AGREEMENT (this “Agreement”) is made and
entered into as of  October 6, 2017, by and among Majulah Investment, Inc., a Delaware corporation, (“Managing
Agent”), and JLA Holdings PTE LTD, a People’s  Republic of China corporation, (the
“Company”),                 ( “Owner”).

 

W
I T N E S S E T H:

 

WHEREAS,
Owner   desires to engage Managing Agent to manage property located at Block 13A Yongtaiyuan, Haidian District,
Beijing, PRC with a GFA of 4,974.25 square meters (    the “Property”), (the
“Managed Premises”); and

 

WHEREAS,
Owner and Managing Agent wish to enter into this Agreement with respect to services performed and fees due with respect to
such services upon Managing Agent becoming a Securities and Exchange Act reporting company.

 

NOW, THEREFORE,
in consideration of the premises and the agreements herein contained, Owner and Managing Agent hereby agree as follows:

 

1.                                     
Engagement.  Subject to the terms and conditions hereinafter set forth,
Owner hereby wishes to engage Managing Agent to provide the property management and administrative services with respect to the
Managed Premises contemplated by this Agreement.  Managing Agent hereby accepts such  engagement as managing agent
and agrees to devote such time, attention and effort as may be appropriate to operate and manage the Managed Premises in a diligent,
orderly and efficient manner.  Managing Agent may subcontract out some or all of its obligations hereunder to third parties;
provided, however, that, in any such event, Managing Agent shall be and remain primarily liable to Owner for performance hereunder.

 

Notwithstanding anything to the contrary set
forth in this Agreement, the services to be provided by Managing Agent hereunder shall exclude all services (including, without
limitation, any garage management or cafeteria management services).

 

2.            
General Parameters.  Any or all services may be performed or goods purchased by Managing Agent under arrangements
jointly with or for other properties owned or managed by Managing Agent and the costs shall be reasonably apportioned.  Managing
Agent may employ personnel who are assigned to work exclusively at the Managed Premises or partly at the Managed Premises and
other buildings owned and/or managed by Managing Agent.  Wages, benefits and other related costs of centralized accounting
personnel and employees employed by Managing Agent and assigned to work exclusively or partly at the Managed Premises shall be
fairly apportioned and reimbursed, pro rata, by Owner in addition to the Fee and Construction Supervision Fee (each as defined
in Section 6).

 

 

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3.                                     
Duties.  Without limitation, Managing Agent agrees to perform the following
specific duties:

 

(a)                                
To seek tenants for the Managed Premises in accordance with market rents and to negotiate
leases, including renewals thereof, and to lease space to tenants, at rentals, and for periods of occupancy all on market terms. 
To employ appropriate means in order that the availability of rental space is made known to potential tenants, including, but not
limited to, the employment of brokers.  The brokerage and legal expenses of negotiating such leases and leasing such space
shall be paid by the applicable Owner.

 

(b)                                
To collect all rents and other income from the Managed Premises and to give receipts therefor,
both on behalf of Owner, and deposit such funds in such banks and such accounts as are named, from time to time, by Owner, in
agency accounts for and under the name of Owner.  Managing Agent shall be empowered to sign disbursement checks on these
accounts.  Managing Agent may also use pooled bank accounts for the benefit of Owner and other Owners for whom the Managing
Agent provides services, provided separate records and accountings of such funds are maintained.

 

(c)                                 
To make contracts for and to supervise any repairs and/or alterations to the Managed Premises,
including tenant improvements on reasonable commercial terms.

 

(d)                                
For Owner’s account and at its expense, to hire, supervise and discharge employees as
required for the efficient operation and maintenance of the Managed Premises.

 

(e)                                 
To obtain, at Owner’s expense, appropriate insurance for the Managed Premises protecting
Owner and Managing Agent while acting on behalf of Owner against all normally insurable risks relating to the Managed Premises
and complying with the requirements of Owner’s mortgagee, if any, and to cause the same to be provided and maintained by all
tenants with respect to the Managed Premises to the extent required by the terms of such tenants’ leases.  Notwithstanding
the foregoing, Owner may determine to purchase insurance directly for their own account.

 

(f)                                  
To promptly notify the applicable Owner’s insurance carriers, as required by the applicable
policies, of any casualty or injury to person or property at the Managed Premises, and complete customary reports in connection
therewith.

 

(g)                                 
To procure all supplies, other materials and services as may be necessary for the proper operation
of the Managed Premises, at Owner’ expense.

 

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(h)                                
To pay promptly from rental receipts, other income derived from the Managed Premises, or other
monies made available by Owner for such purpose, all costs incurred in the operation of the Managed Premises which are expenses
of Owner hereunder, including wages or other payments for services rendered, invoices for supplies or other items furnished in
relation to the Managed Premises, and pay over forthwith the balance of such rental receipts, income and monies to Owner or as
Owner shall from time to time direct.  In the event that the sum of the expenses to operate and the compensation due Managing
Agent exceeds gross receipts in any month and no excess funds from prior months are available for payment of such excess, Owner
shall pay promptly the amount of the deficiency thereof to Managing Agent upon receipt of statements therefor.

 

(i)                                    
To keep Owner apprised of any material developments in the operation of the Managed Premises.

 

(j)                                   
To establish reasonable rules and regulations for tenants of the Managed Premises.

 

(k)                                
On behalf of and in the name of Owner, to institute or defend, as the case may be, any and
all legal actions or proceedings relating to the operation of the Managed Premises.

 

(l)                                    
To maintain the books and records of Owner reflecting the management and operation of the
Managed Premises, making available for reasonable inspection and examination by Owner or their representatives all books, records
and other financial data relating to the Managed Premises at the place where the same are maintained.

 

(m)                            
To prepare and deliver seasonably to tenants of the Managed Premises such statements of expenses
or other information as shall be required on the landlord’s part to be delivered to such tenants for computation of rent,
additional rent, or any other reason.

 

(n)                                
To aid, assist and cooperate with Owner in matters relating to taxes and assessments and
insurance loss adjustments, notify Owner of any tax increase or special assessments relating to the Managed Premises and to enter
into contracts for tax abatements services.

 

(o)                                
To provide such emergency services as may be required for the efficient management and operation
of the Managed Premises on a twenty-four (24)-hour basis.

 

(p)                                
To enter into contracts on commercially reasonable terms for utilities (including, without
limitation, water, fuel, electricity and telephone) and for building services (including, without limitation, cleaning of windows,
common areas and tenant space, ash, rubbish and garbage hauling, snow plowing, landscaping, carpet cleaning and vermin extermination),
and for other services as are appropriate to the Managed Premises. 

 

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(q)                                
To seek market terms for all items purchased or services contracted by it under this Agreement.

 

(r)                                   
To take such action generally consistent with the provisions of this Agreement as Owner might
with respect to the Managed Premises if personally present.

 

4.                                     
Authority.  Owner gives to Managing Agent the authority and powers to perform
the foregoing duties on behalf of Owner and authorize Managing Agent to incur such reasonable expenses, as contemplated in Sections
2, 3 and 5 on behalf of Owner as are necessary in the performance of those duties.

 

5.                                     
Special Authority of Managing Agent.  In addition to, and not in limitation
of, the duties and authority of Managing Agent contained herein, Managing Agent shall perform the following duties:

 

(a)                                
Terminate tenancies and sign and serve in the name of Owner such notices therefor as may
be required for the proper management of the Managed Premises.

 

(b)                                
At Owner’s expense, institute and prosecute actions to evict tenants and recover possession
of rental space, and recover rents and other sums due; and when expedient, settle, compromise and release such actions or suits
or reinstate such tenancies.

 

6.                                     
Compensation.

 

(a)                                
In consideration of the services to be rendered by Managing Agent hereunder, Owner agrees
to pay and Managing Agent agrees to accept as its compensation (i) a management fee (the “Fee”) equal to
12.5% of the gross collected rents actually received by Owner from the Managed Premises, such gross rents to include all fixed
rents, percentage rents, additional rents, operating expense and tax escalations, and any other charges paid to Owner in connection
with occupancy of the Managed Premises, but excluding any amounts collected from tenants to reimburse Owner for the cost of capital
improvements or for expenses incurred in curing any tenant default or in enforcing any remedy against any tenant; and (ii) a
construction supervision fee, the (Construction Supervision Fee) in connection with all interior and exterior construction
renovation or repair activities at the Managed Premises, including, without limitation, all tenant and capital improvements in,
on or about the Managed Premises, undertaken during the term of this Agreement, other than ordinary maintenance and repair, equal
to five percent (5%) of the cost of such construction which shall include the costs of all related professional services and the
cost of general conditions.

 

(b)                                
Unless otherwise agreed, the Fee shall be due and payable monthly, in arrears based on a reasonable
annual estimate or budget with an annual reconciliation within thirty (30) days after the end of each calendar year.  The
Construction Supervision Fee shall be due and payable periodically, as agreed by
Managing Agent and Owner, based on actual costs incurred to date.

 

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(c)                                 
Notwithstanding anything herein to the contrary, Owner shall reimburse Managing Agent for
reasonable travel expenses incurred when traveling to and from the Managed Premises while performing its duties in accordance with
this Agreement; provided, however, that reasonable travel expenses shall not include expenses incurred for travel to and from the
Managed Premises by personnel assigned to work exclusively at the Managed Premises.

 

(d)                                
Managing Agent shall be entitled to no other additional compensation, whether in the form
of commission, bonus or the like for its services under this Agreement.  Except as otherwise specifically provided herein
with respect to payment by Owner of legal fees, accounting fees, salaries, wages, fees and charges of parties hired by Managing
Agent on behalf of Owner to perform operating and maintenance functions in the Managed Premises, and the like, if Managing Agent
hires third parties to perform services required to be performed hereunder by Managing Agent without additional charge to Owner,
Managing Agent shall (except to the extent the same are reasonably attributable to an emergency at the Managed Premises) be responsible
for the charges of such third parties.

 

7.                                     
Term of Agreement. This Agreement shall continue in force and effect until January
31, 2023, and, on December 31 of each year after the effective date of this Agreement (each, an “Extension Date”),
the term of this Agreement shall be automatically extended an additional year so that the term of this Agreement thereafter ends
on the twentieth anniversary of such Extension Date.

 

Notwithstanding any other provision of this
Agreement to the contrary, this Agreement, or any extension thereof, may be terminated prior to the expiration of the term:

 

(a)                                
by the Company (on behalf of itself and Owner), (i) upon sixty (60) days prior
written notice to Managing Agent (such termination, a “Termination for Convenience”), (ii) for Cause, immediately
upon written notice to Managing Agent (such termination, a “Termination for Cause”), (iii) for a Performance
Reason, upon written notice to Managing Agent given within sixty (60) days after the end of the calendar year giving rise to such
Performance Reason (such termination, a “Termination for Performance”), or (iv) by written notice at any
time during the twelve (12) month period immediately following the date a Managing Agent Change of Control occurred; or

 

(b)                                
by Managing Agent, for Good Reason, upon sixty (60) days prior written notice to the
Company (or ninety (90) days if the Company takes steps to cure any relevant default within thirty (30) days of written notice
to the Company).

 

Any notice of termination shall include the reason for such termination.

 

In the
event of a Termination for Convenience by the Company or a termination by Managing Agent pursuant to Section 7(b),
the Company shall pay Managing Agent an amount in cash (the “Full Termination Fee”) equal to the sum of the present
values of monthly future fees payable for the remaining term. 

 

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In the event of a Termination for Performance,
the Company shall pay Managing Agent an amount in cash (the “Performance Termination Fee”) equal to the sum of
the present values of Monthly Future Fees payable for the first one hundred twenty (120) months of the Remaining Term.

 

No Full Termination Fee or Performance Termination
Fee shall be payable in the event of termination by the Company pursuant to Section 7(a)(ii) (Termination For
Cause) or Section 7(a)(iv) (following a Managing Agent Change of Control).

 

The provisions of this Section 7
shall not apply as a limitation on the amount which may be paid by agreement of the Company and Managing Agent in connection with
a transaction pursuant to which any assets or going business values of Managing Agent are acquired by the Company in association
with termination of this Agreement and the Full Termination Fee or the Performance Termination Fee, as applicable, is in addition
to any amounts otherwise payable to Managing Agent under this Agreement as compensation for services and for expenses of or reimbursement
due to Managing Agent through the date of termination.

 

8.                                     
Termination.  Upon termination of this Agreement with respect to any of
the Managed Premises for any reason whatsoever, Managing Agent shall as soon as practicable turn over to Owner all books, papers,
funds, records, keys and other items relating to the management and operation of such Managed Premises, including, without limitation,
all leases in the possession of Managing Agent and shall render to Owner a final accounting with respect thereto through the date
of termination.  Owner shall be obligated to pay all compensation for services rendered by Managing Agent hereunder prior
and up to the effective time of such termination, including, without limitation, any Fees and Construction Supervision Fees, and
shall pay and reimburse to Managing Agent all expenses and costs incurred by Managing Agent prior and up to the effective time
of such termination which are otherwise payable or reimbursable to Managing Agent pursuant to the terms of this Agreement (collectively,
“Accrued Fees”).  The amount of such fees paid as compensation pursuant to the foregoing sentence shall be
subject to adjustment in accordance with the annual reconciliation contemplated by Section 6(b) and consistent
with past practices in performing such reconciliation.

 

A computation of all Accrued Fees and of the
Termination Fee, if any, due upon termination shall be delivered by Managing Agent to the Company within thirty (30) days following
the effective date of termination. The Accrued Fees and, to the extent applicable, the Full Termination Fee or Performance Termination
Fee, due upon termination shall be payable within ten (10) business days following the delivery to the Company of such computation.

 

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In addition to other actions on termination
of this Agreement, for up to one hundred twenty (120) days following the date of notice of a termination of this Agreement, Managing
Agent shall cooperate with the Company and the Owner and use commercially reasonable efforts to facilitate the orderly transfer
of management of the Managed Premises.  In connection therewith Managing Agent shall assign to the Company, to one or more
Owners, or to their designee(s), as directed by the Company, and the Company, such Owner(s) or their designee(s) shall
assume, all contracts entered into by Managing Agent pursuant to this Agreement, but excluding all insurance contracts, and multi-property
contracts not limited in scope to the Managed Premises and all contracts with affiliates of Managing Agent.  Managing Agent
shall also transfer to the Company all proprietary information with respect to the Company and/or the Owner.  Additionally,
the Company, one or more Owners, or their designee(s) shall have the right to offer employment to any employee of Managing
Agent whom Managing Agent proposes to terminate in connection with a Covered Termination and Managing Agent shall cooperate with
the Company, such Owner, or their designee(s) in connection therewith.

 

9.                                     
Assignment of Rights and Obligations.

 

(a)                                
Without Owner’s prior written consent, Managing Agent shall not sell, transfer, assign
or otherwise dispose of or mortgage, hypothecate or otherwise encumber or permit or suffer any encumbrance of all or any part of
its rights and obligations hereunder, and any transfer, encumbrance or other disposition of an interest herein made or attempted
in violation of this paragraph shall be void and ineffective, and shall not be binding upon Owner. Notwithstanding the foregoing,
Managing Agent may assign its rights and delegate its obligations under this Agreement to any subsidiary of parent so long as such
subsidiary is then and remains controlled by parent.

 

(b)                                
Owner, without Managing Agent’s consent, may not assign their respective rights or delegate
their respective obligations hereunder.

 

(c)                                 
Any assignment permitted hereunder shall not release the assignor hereunder.

 

10.                              
Indemnification and Insurance.

 

(a)                                
Owner agrees to defend, indemnify and hold harmless Managing Agent from and against all costs,
claims, expenses and liabilities (including reasonable attorneys’ fees) arising out of Managing Agent’s performance of
its duties in accordance with this Agreement including, without limitation, injury or damage to persons or property occurring in,
on or about the Managed Premises and violations or alleged violations of any law, ordinance, regulation or order of any governmental
authority regarding the Managed Premises except any injury, damage or violation resulting from Managing Agent’s fraud, gross
negligence or willful misconduct in the performance of its duties hereunder.

 

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(b)                                
Owner and Managing Agent shall maintain such commercially reasonable insurance as shall from
time to time be mutually agreed by Owner and Managing Agent.

 

11.                              
Notices.  Any notice, report or other communication required or permitted
to be given hereunder shall be in writing and shall be deemed to have been duly given when delivered in person, upon confirmation
of receipt when transmitted by facsimile transmission, on the next business day if transmitted by a nationally recognized overnight
courier or on the third (3rd) business day following mailing by first class mail, postage prepaid, in each case as follows (or
at such other United States address or facsimile number for a party as shall be specified by like notice):

 

If to the Company or the Owner:

 

JLA HOLDINGS PTE. LTD.

Building 7

No. 1220 Jiangning Road

Shanghai 200060, PRC

Attn:  Jonathan Lim 

 

 

 

If to Managing Agent:

 

Majulah Investment, Inc.

276 5th Avenue, Suite 704

New York, New York, 10001

Attn: Ding Jie Lin

 

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12.                              
Limitation of Liability.  No trustee, officer, shareholder, employee or
agent of such Owner shall be held to any personal liability, jointly or severally, for any obligation of, or claim against, such
Owner.  All persons and entities dealing with such Owner, in any way, shall look only to the respective assets of such Owner
for the payment of any sum or the performance of any obligation of such Owner.  In any event, all liability of such Owner
hereunder is limited to the interest of such Owner in the Managed Premises and, in the case of Managing Agent, to its interest
hereunder.

 

13.                              
 Disposition of Property.  This Agreement shall automatically terminate
with respect to the foregoing property disposed of by Owner in the ordinary course of business, effective upon such disposition.

 

14.                              
Modification of Agreement.  This Agreement may not be modified, altered
or amended in any manner except by an amendment in writing, duly executed by the parties hereto.

 

15.                              
Independent Contractor.  This Agreement is not one of general agency by
Managing Agent for Owner, but Managing Agent is being engaged as an independent contractor.  Nothing in this Agreement is
intended to create a joint venture, partnership, tenancy-in-common or other similar relationship between Owner and Managing Agent
for any purposes whatsoever.

 

16.                              
Governing Law.  The provisions of this Agreement and any Dispute (as defined
below), whether in contract, tort or otherwise, shall be governed by and construed in accordance with the laws of the State of
Delaware without regard to principles of conflicts of law.

 

17.                              
Successors and Assigns.  This Agreement shall be binding upon, and inure
to the benefit of, any successors or permitted assigns of the parties hereto as provided herein.

 

18.                              
No Third Party Beneficiary.  Except as otherwise provided in Section 21(i),
no person or entity other than the parties hereto and their successors and permitted assigns is intended to be a beneficiary of
this Agreement.

 

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19.                              
Severability.  If any one or more of the provisions contained herein, or
the application thereof in any circumstance, is held invalid, illegal or unenforceable in any respect for any reason, the validity,
legality and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in
any way impaired, unless the provisions held invalid, illegal or unenforceable shall substantially impair the benefits of the remaining
provisions hereof.

 

20.                              
Survival.  Except for Sections 1 through 5 and Section 13,
all other provisions of this Agreement shall survive the termination hereof.  Any termination of this Agreement shall be without
prejudice to the rights of the parties hereto accrued prior to the termination or upon termination.

  

21.                              
Consent to Jurisdiction and Forum.  The
exclusive jurisdiction and venue in any action brought by any party hereto pursuant to this Agreement shall lie in any federal
or state court located in Delaware.  By execution and delivery of this Agreement, each party hereto irrevocably submits to
the jurisdiction of such courts for itself and in respect of its property with respect to such action. The parties irrevocably
agree that venue would be proper in such court, and hereby waive any objection that such court is an improper or inconvenient
forum for the resolution of such action.  The parties further agree and consent to the service of any process required by
any such court by delivery of a copy thereof in accordance with Section 11 and that any such delivery shall constitute
valid and lawful service of process against it, without necessity for service by any other means provided by statute or rule of
court. 

 

22.                               Entire
Agreement.  This Agreement constitutes the entire agreement of the parties hereto with respect to the subject
matter hereof and supersedes any pre-existing agreements with respect to such subject matter.  This Agreement
constitutes an integral part of, and a condition to, the transactions contemplated by the Transaction Agreement entered into
as of the date hereof by and among the Company and Managing Agent.

 

 

[Signature Page To Follow.]

 

10

 

 

IN WITNESS
WHEREOF, the parties hereto have executed this Property Management Agreement as a sealed instrument as of the date above
first written.

 

 

	 	MANAGING AGENT:
	 	 
	 	 
	 	MAJULAH INVESTMENT, INC.
	 	 	 
	 	 	 
	 	By:	/s/
    Ding Jie Lin
	 	 	Name:	Ding Jie Lin
	 	 	Title:	Chief Executive Officer
	 	 	 
	 	 	 
	 	OWNER:
	 	 
	 	 
	 	JLA HOLDINGS PTE LTD
	 	 
	 	 
	 	By:	/s/
    Jonathan Lim
	 	 	Name:	Jonathan Lim 
	 	 	Title:	President
	 	 	 
	 	 
	 	 

 

[Signature Page to the Property Management
Agreement]Exhibit

Execution Version

SECOND AMENDMENT TO CREDIT AGREEMENT 
This SECOND AMENDMENT TO CREDIT AGREEMENT (this “Second Amendment”), dated as of December 14, 2017, is entered into by and among WESTAR ENERGY, INC., a Kansas corporation (the “Borrower”), KANSAS GAS AND ELECTRIC COMPANY, a Kansas corporation (the “Guarantor”), the Lenders (as hereinafter defined) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent (in such capacity, the “Administrative Agent”).
RECITALS
A.    The Borrower, the several banks and other financial institutions from time to time party thereto (the “Lenders”), and the Administrative Agent are parties to that certain Credit Agreement, dated as of February 18, 2011 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”), pursuant to which the Lenders have made available a revolving credit facility to the Borrower in the aggregate principal amount of $270,000,000, which is set to mature and terminate on February 18, 2018.  Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement, as amended by this Second Amendment.
B.    On July 9, 2017, Great Plains Energy Incorporated, a Missouri corporation (“Great Plains Energy”), and the Borrower entered into an Amended and Restated Agreement and Plan of Merger (the “Amended and Restated Merger Agreement”) among Great Plains Energy, the Borrower, Monarch Energy Holding, Inc., a Missouri corporation (“Holdco”), and King Energy, Inc., a Kansas corporation (“Merger Sub”), and for certain limited purposes, GP Star, Inc., a Kansas corporation and a wholly owned subsidiary of Great Plains Energy (“GP Star”). Holdco is a newly formed entity wholly owned by Great Plains Energy, and Merger Sub is a wholly owned subsidiary of Holdco, each of which was formed for the purpose of effecting the transactions contemplated by the Amended and Restated Merger Agreement.  The Amended and Restated Merger Agreement is an amendment and restatement in its entirety of the Agreement and Plan of Merger (the “Original Merger Agreement”), dated as of May 29, 2016, among Great Plains Energy, the Borrower and GP Star. GP Star has withdrawn from the Original Merger Agreement and is only party to the Amended and Restated Merger Agreement for the purposes of withdrawing from the Original Merger Agreement. Pursuant to the Amended and Restated Merger Agreement, subject to the satisfaction or waiver of certain conditions, (i) Great Plains Energy will merge with and into Holdco (the “GPE Merger”), with Holdco continuing as the surviving corporation in the GPE Merger, and (ii) Merger Sub will merge with and into the Borrower (the “Westar Merger”, together with the GPE Merger, the “Mergers”), with the Borrower continuing as the surviving corporation in the Westar Merger. Following the Mergers, Holdco will be the direct parent of the Borrower and Great Plains Energy’s direct subsidiaries.
C.    The Borrower has requested (i) the consent of the Required Lenders to the Mergers, (ii) a one-year extension of the Revolving Termination Date to February 18, 2019 and (iii) certain amendments to the Credit Agreement and the other Loan Documents, in each case on the terms and conditions set forth herein.

STATEMENT OF AGREEMENT
NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
ARTICLE I
AMENDMENTS TO CREDIT AGREEMENT
Effective upon the Effective Date (as hereinafter defined), the Credit Agreement is hereby amended as follows:
		
	(a)
	The definition of “Change of Control” is amended and restated in its entirety as follows:

“Change in Control”:  shall be deemed to have occurred if:
(i) prior to the consummation of the Great Plains Energy-Westar Merger (a) any “person” or “group” (within the meaning of Rule 13d 5, as in effect on the date hereof, promulgated by the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), shall, after the date hereof, become the “beneficial owner” (within the meaning of Rule 13d 3, as in effect on the date hereof, promulgated by the SEC under the Exchange Act), of shares representing more than 30% of the aggregate ordinary voting power represented by the issued and outstanding capital stock of the Borrower or (b) a majority of the seats (other than vacant seats) on the board of directors of the Borrower shall at any time be occupied by Persons who are not Continuing Directors, or 
(ii) on or after the consummation of the Great Plains Energy-Westar Merger, any event or series of events shall occur by which: (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, but excluding any employee benefit plan of Holdco or its Subsidiaries, or any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d 3 and 13d 5 under the Exchange Act), directly or indirectly, of thirty-three and one-third percent (33 1/3%) or more of the “voting equity interests” (meaning for this purpose the power under ordinary circumstances to vote for the election of members of the board of directors) of Holdco; or (b) during any period of twelve (12) consecutive months, a majority of the members of the board of directors or other equivalent governing body of Holdco ceases to be composed of individuals (x) who were members of that board or equivalent governing body on the first day of such period, (y) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (x) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (z) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (x) and (y) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body; or (c) Holdco shall 

2

cease to own, directly or indirectly, beneficially and of record, 100% of the Capital Stock of the Borrower.
		
	(b)
	The definition of “Great Plains Energy Merger Agreement” is amended and restated in its entirety as follows:

“Great Plains Energy Merger Agreement”: the Amended and Restated Agreement and Plan of Merger entered into as of July 9, 2017 among Great Plains Energy, the Borrower, Holdco, Merger Sub and GP Star, as may be amended, restated or otherwise modified from time to time.
		
	(c)
	The definition of “Great Plains Energy-Westar Merger” is amended and restated in its entirety as follows:

“Great Plains Energy-Westar Merger”: subject to the satisfaction or waiver of certain conditions in the Great Plains Energy Merger Agreement, (i) Great Plains Energy will merge with and into Holdco (the “GPE Merger”), with Holdco continuing as the surviving corporation in the GPE Merger, and (ii) Merger Sub will merge with and into the Borrower (the “Westar Merger”, together with the GPE Merger, the “Mergers”), with the Borrower continuing as the surviving corporation in the Westar Merger.  Upon consummation of the Mergers, Holdco will be the direct parent of the Borrower and Great Plains Energy’s direct subsidiaries.
		
	(d)
	The definition of “Merger Sub” is amended and restated in its entirety as follows:

“Merger Sub”: King Energy, Inc., a Kansas corporation and a wholly owned subsidiary of Holdco.
		
	(e)
	The following new definitions are added to the Credit Agreement in proper alphabetical order:

“GP Star”: GP Star, Inc., a Kansas corporation and a wholly owned subsidiary of Great Plains Energy.
“Holdco”: Monarch Energy Holding, Inc., a Missouri corporation.
		
	(f)
	Section 6.8 of the Credit Agreement is amended and restated in its entirety as follows:

6.8    Ownership of KGE.  (a) Permit any issued and outstanding Capital Stock of KGE to be owned directly or indirectly, beneficially or of record, by any person other than (x) the Borrower and (y) after the consummation of the Great Plains Energy-Westar Merger, and solely to the extent that the covenant in the preceding clause (x) is satisfied, Holdco, or (b) permit KGE to issue or have outstanding any rights, warrants, options or convertible or exchangeable securities entitling the holders thereof, conditionally or unconditionally, to purchase, subscribe for or 

3

otherwise receive shares of Capital Stock of KGE prior to the termination of the Revolving Commitments and the repayment of all Letters of Credit, Revolving Loans and other amounts owing to any Lender or the Administrative Agent hereunder.
ARTICLE II
EXTENSION
Pursuant to Section 2.1(b) of the Credit Agreement, the Borrower has requested an extension of the existing Revolving Termination Date for a period of one year from February 18, 2018 to February 18, 2019.  As of the date hereof, Extending Lenders holding more than fifty percent (50%) of the Total Revolving Commitments have agreed to the extension (such agreement evidenced by their execution and delivery of a counterpart of this Agreement) and, subject to the satisfaction of the conditions in Article III hereof, the Revolving Termination Date as to the Extending Lenders shall be extended to February 18, 2019.  Subject to the right of the Borrower to accept commitments from New Lenders pursuant to Section 2.1(b) of the Credit Agreement to replace the Revolving Commitment of any Declining Lenders for the remaining duration of the Credit Agreement, the Revolving Termination Date as to the Declining Lenders, if any, remains February 18, 2018.
ARTICLE III
CONDITIONS OF EFFECTIVENESS
3.1    The amendments set forth in Article I, the extension of the Revolving Termination Date set forth in Article II and the limited consent set forth in Article VI shall become effective as of the date (the “Effective Date”) when, and only when, each of the following conditions precedent shall have been satisfied:
(a)    The Administrative Agent (or its counsel) shall have received from the Borrower, the Guarantor and the Lenders holding more than fifty percent (50%) of the Total Revolving Commitments outstanding on the Effective Date either (i) a counterpart of this Second Amendment signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include facsimile or other electronic image scan transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Second Amendment.
		
	(b)
	The Borrower shall have paid:

(i)    to the Administrative Agent, for the account of each Lender party hereto, a fee in the amount of 0.04% of such Lender’s Revolving Commitment as of the Effective Date (after giving effect to this Second Amendment), which fee once paid will be fully earned and nonrefundable; and
(ii)    all other fees and reasonable expenses of the Administrative Agent and the Lenders required under the Credit Agreement and any other Loan Document to be paid on or prior to the Effective Date (including reasonable fees and expenses of counsel) in connection with this Second Amendment.
		
	(c)
	The Administrative Agent shall have received a certificate, dated as of the Effective Date and signed by an authorized officer of the Borrower, confirming (i) no Default or Event 

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of Default shall have occurred and be continuing on the Effective Date and after giving effect thereto and (ii) the representations and warranties set forth in Article IV hereof, if not qualified as to materiality, shall be true and correct in all material respects and all other representations and warranties set forth in Article IV hereof shall be true and correct, in each case on and as of the Effective Date (or other such date expressly provided in Article IV hereof) with the same force and effect as if made on or as of the Effective Date (or other such date expressly provided in Article IV hereof).
ARTICLE IV
REPRESENTATIONS AND WARRANTIES
The Borrower hereby represents and warrants to the Administrative Agent and the Lenders that (i) each of the representations and warranties contained in Section 3 of the Credit Agreement, if not qualified as to materiality, are true and correct in all material respects and all other representations and warranties set forth in Section 3 of the Credit Agreement are true and correct, in each case on and as of the Effective Date, both immediately before and after giving effect to this Second Amendment (except for those representations and warranties or parts thereof that, by their terms, expressly relate solely to a specific date, in which case such representations and warranties, if not qualified as to materiality, shall be true and correct in all material respects and all such other representations and warranties shall be true and correct, in each case as of such specific date), (ii) this Second Amendment has been duly authorized, executed and delivered by the Borrower and constitutes the legal, valid and binding obligation of the Borrower enforceable against it in accordance with its terms and (iii) no Default or Event of Default shall have occurred and be continuing on the Effective Date, both immediately before and after giving effect to this Second Amendment.  The Borrower further represents and warrants that there have been no amendments, modifications, supplements, waivers or consents to the Amended and Restated Merger Agreement (including all schedules and exhibits thereto) since July 9, 2017 that are materially adverse to the interests of the Lenders. 
ARTICLE V
ACKNOWLEDGMENT AND CONFIRMATION OF THE BORROWER AND GUARANTOR
Each of the Borrower and the Guarantor hereby confirms and agrees that after giving effect to this Second Amendment, the Credit Agreement and the other Loan Documents remain in full force and effect and enforceable against it in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect.  Each of the Borrower and the Guarantor represents and warrants to the Lenders that it has no knowledge of any claims, counterclaims, offsets, or defenses to or with respect to its obligations under the Loan Documents, or if the Borrower or the Guarantor has any such claims, counterclaims, offsets, or defenses to the Loan Documents or any transaction related to the Loan Documents, the same are hereby waived, relinquished, and released in consideration of the execution of this Second Amendment.  This acknowledgment and confirmation by the Borrower and the Guarantor is made and delivered to induce the Administrative Agent and the Lenders to enter into this Second Amendment. Each of the Borrower and Guarantor acknowledges that the Administrative Agent and the Lenders would not enter into this Second Amendment in the absence of the acknowledgment and confirmation contained herein.
ARTICLE VI
LIMITED CONSENT

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6.1    Subject to the satisfaction of the conditions set forth in Article III of this Second Amendment, the undersigned Lenders hereby each offer their limited consent to the Great Plains Energy-Westar Merger until the earlier of the following (each, a “Consent Termination Event”): (i) the “End Date” as defined in the Great Plains Energy-Westar Merger Agreement as of the Effective Date (after giving effect to any extension permitted under the Great Plains Energy-Westar Merger Agreement as of the Effective Date); (ii) the date the Great Plains Energy-Westar Merger Agreement is validly terminated in accordance with its terms; or (iii) the Great Plains Energy-Westar Merger Agreement is amended or modified or a consent or waiver is provided thereunder in any case in a manner that is materially adverse to the interests of the Lenders after the date hereof.
6.2    Upon the occurrence of any Consent Termination Event, (i) the limited consent set forth in Section 6.1 hereof shall automatically terminate and be of no further force or effect, (ii) all rights and remedies with respect to the matters set forth in Section 6.1 hereof of the Administrative Agent and the Lenders under the Credit Agreement and any other Loan Document shall, without any further action by any person, automatically be reinstated as if the limited consent set forth in Section 6.1 hereof had not become effective and (iii) clause (ii) of the definition of “Change of Control” (as amended by this Second Amendment) shall be deleted and given no further force or effect.  This limited consent shall not constitute or be deemed to be a waiver of, consent to or departure from, any other term or provision in the Credit Agreement, which shall continue in full force and effect, nor shall this limited consent constitute a course of dealing among the parties. 
ARTICLE VII
MISCELLANEOUS
7.1    Governing Law.  THIS SECOND AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5‐1401 AND 5‐1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, BUT EXCLUDING ALL OTHER CHOICE OF LAW AND CONFLICTS OF LAW RULES).
7.2    Full Force and Effect.  Except as expressly amended hereby, the Credit Agreement shall continue in full force and effect in accordance with the provisions thereof on the date hereof.  As used in the Credit Agreement, “hereinafter,” “hereto,” “hereof,” and words of similar import shall, unless the context otherwise requires, mean the Credit Agreement, as amended by this Second Amendment.  Any reference to the Credit Agreement or any of the other Loan Documents herein or in any such documents shall refer to the Credit Agreement and Loan Documents as amended hereby.  This Second Amendment is limited as specified and shall not constitute or be deemed to constitute an amendment, modification or waiver of any provision of the Credit Agreement except as expressly set forth herein.  This Second Amendment shall constitute a Loan Document under the terms of the Credit Agreement.
7.3    Severability.  Any provision of this Second Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

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7.4    Expenses.  The Borrower shall reimburse the Administrative Agent and Wells Fargo Securities, LLC (in such capacity, the “Arranger”), from time to time on demand, (i)  all reasonable and documented or invoiced out-of-pocket costs and expenses (including, without limitation, the reasonable  and documented or invoiced fees and disbursements of one legal counsel and due diligence expenses) of the Administrative Agent and Arranger and (ii) all reasonable printing, reproduction, document delivery, travel, CUSIP, SyndTrak and communication costs, in each case, in connection with the syndication, preparation, negotiation, execution and delivery of this Second Amendment and the other Credit Documents delivered in connection herewith.
7.5    Successors and Assigns.  This Second Amendment shall be binding upon, inure to the benefit of and be enforceable by the respective successors and permitted assigns of the parties hereto.
7.6    Construction.  The headings of the various sections and subsections of this Second Amendment have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof.  The provisions of Section 1.2 of the Credit Agreement are hereby incorporated by reference as if fully set forth herein.
7.7    Counterparts.  This Second Amendment may be executed by one or more of the parties to this Second Amendment on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of an executed signature page of this Second Amendment by facsimile transmission or by email shall be effective as delivery of a manually executed counterpart hereof.  
7.8    Entire Agreement.  The Credit Agreement and the other Loan Documents, in each case as amended by the Second Amendment constitute the entire understanding among the parties hereto with respect to the subject matter hereof and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof.
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IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be executed by their duly authorized officers as of the date first above written.
WESTAR ENERGY, INC., as the Borrower
		
	By
	/s/ Anthony D. Somma    

Name: Anthony D. Somma
Title:  Senior Vice President, Chief Financial Officer and Treasurer

KANSAS GAS AND ELECTRIC COMPANY, as the Guarantor
		
	By
	/s/ Anthony D. Somma    

Name: Anthony D. Somma
Title:  Vice President and Treasurer

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

WELLS FARGO BANK, NATIONAL ASSOCIATION, individually as a Lender, as Swingline Lender, as an Issuing Lender and as Agent
By:    /s/ Frederick W. Price        
Name:    Frederick W. Price        
		
	Title:
	Managing Director        

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

BANK OF AMERICA, N.A., as a Lender
By:    /s/ Alok Jain        
Name:    Alok Jain        
		
	Title:
	Senior Vice President        

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

CITIBANK, N.A., as a Lender
By:    /s/ Chido Ugochukwu        
Name:    Chido Ugochukwu        
		
	Title:
	Vice President        

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

JPMORGAN CHASE BANK, N.A., as a Lender
By:    /s/ Juan J. Javellana        
Name:    Juan J. Javellana        
		
	Title:
	Executive Director        

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

The Bank of New York Mellon, as a Lender
By:    /s/ Molly C. Homoki        
Name:    Molly C. Homoki        
		
	Title:
	Vice President        

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

MUFG BANK, as a Lender
By:    /s/ Cherese Joseph        
Name:    Cherese Joseph        
		
	Title:
	Vice President        

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

BNP PARIBAS, as a Lender
By:    /s/ Francis DeLaney        
Name:    Francis DeLaney        
		
	Title:
	Managing Director        

By:    /s/ Theodore Sheen        
Name:    Theodore Sheen        
		
	Title:
	Director        

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

Regions Bank, as a Lender
By:    /s/ Ted Tarver        
Name:    Ted Tarver        
		
	Title:
	Vice President        

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

U.S. BANK NATIONAL ASSOCIATION, as a Lender
By:    /s/ Michael T. Sagges        
Name:    Michael T. Sagges        
		
	Title:
	Vice President        

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

THE NORTHERN TRUST COMPANY, as a Lender
By:    /s/ John Lascody        
Name:    John Lascody        
		
	Title:
	Vice President        

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

CoBANK, ACB, as a Lender
By:    /s/ Dustin Zubke        
Name:    Dustin Zubke        
		
	Title:
	Vice President        

SIGNATURE PAGE TO
SECOND AMENDMENT TO CREDIT AGREEMENT

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