Document:

EX-4.1

 Exhibit 4.1 
  

 
  

WESTAR ENERGY, INC. 
 TO

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

as Trustee 
 (as
Successor to 
 HARRIS TRUST AND SAVINGS BANK) 
  

 
 FORTY-EIGHTH
SUPPLEMENTAL INDENTURE 
 to Original Mortgage Filed with Shawnee County Register of Deeds on July 1, 1939, at Book 778 Page 216

 Dated as of June 4, 2018 
  

 
  
  

 

 TABLE OF CONTENTS 

 
  

 
  

 

					
	 Parties
	  	 	1	 
	 Recitals
	  	 	1	 
	 Granting Clause
	  	 	5	 
	 Habendum
	  	 	7	 
	 Exceptions and Reservations
	  	 	8	 

  

							
	 	 	 	  	PAGE	 
	
	ARTICLE I 	 
	COVENANTS AND AGREEMENTS OF THE COMPANY	 
			
	 Section 1.
	 	 Assumption of Covenants and Conditions 
	  	 	9	 
	
	ARTICLE II 	 
	MISCELLANEOUS PROVISIONS	 
			
	 Section 1.
	 	 Acceptance of Trust 
	  	 	9	 
	 Section 2.
	 	 Responsibility and Duty of Trustee 
	  	 	9	 
	 Section 3.
	 	 Parties to Include Successors and Assigns 
	  	 	9	 
	 Section 4.
	 	 Benefits 
Restricted to Parties and to Holders of Bonds and Coupons 
	  	 	9	 
	 Section 5.
	 	 Execution in Counterparts 
	  	 	10	 
	 Section 6.
	 	 Titles 
of Articles Not Part of the Forty-Eighth Supplemental Indenture 
	  	 	10	 
		 		  			

  

					
	 TESTIMONIUM
	  	 	S-1	 
	 SIGNATURES AND SEALS
	  	 	S-2	 
	 ACKNOWLEDGEMENTS
	  	 	S-3	 

 APPENDIX A  

 

					
	 DESCRIPTION OF PROPERTIES 
	  	 	A-1	 

  
 i 

 FORTY-EIGHTH SUPPLEMENTAL INDENTURE, dated as of the 4th day of June, 2018, made by and between Westar Energy, Inc., formerly The Kansas Power and Light Company, a corporation organized and existing under the laws of the State of Kansas (and successor by
the Merger (hereinafter defined) to Westar Energy, Inc., formerly The Kansas Power and Light Company, a corporation organized and existing under the laws of the State of Kansas, sometimes hereinafter called the
“Company-Predecessor”) (hereinafter called the “Company”), party of the first part, and The Bank of New York Mellon Trust Company, N.A., a national banking association whose mailing address is 2 North La Salle
Street, Chicago, Illinois 60602 (hereinafter called the “Trustee”), as Trustee (as successor to Harris Trust and Savings Bank), under the Mortgage and Deed of Trust dated July 1, 1939, hereinafter mentioned, party of the second
part; 
 WHEREAS, the Company-Predecessor has heretofore executed and delivered to the Trustee its Mortgage
and Deed of Trust dated July 1, 1939 (hereinafter referred to as the “Original Indenture”), to provide for and to secure the issue of First Mortgage Bonds of the Company-Predecessor, issuable in series, and to declare the terms
and conditions upon which the Bonds (as defined in the Original Indenture) are to be issued thereunder; and 

WHEREAS, the Company-Predecessor has heretofore executed and delivered to the Trustee Forty-Seven
Supplemental Indentures, in addition to the Forty-Second Supplemental (Reopening) Indenture, supplemental to said Original Indenture, of which Forty-Six provided for the issuance thereunder of series of the
Company-Predecessor’s First Mortgage Bonds, and there is set forth below information with respect to such Supplemental Indentures as have provided for the issuance of Bonds, and the principal amount of Bonds which remain outstanding as of
June 4, 2018: 
  

									
	 Supplemental
Indenture
	  	 Date
	  	 Series of
First Mortgage Bonds
Provided For
	  	 Principal
Amount
Issued
	  	 Principal
Amount
Outstanding

	 Supplemental
 Indenture
	  	July 1, 1939	  	3-1/2% Series
Due 1969	  	$26,500,000	  	None
					
	 Second
Supplemental
 Indenture
	  	April 1, 1949	  	2-7/8% Series
Due 1979	  	10,000,000	  	None
					
	 Fourth
Supplemental
 Indenture
	  	October 1, 1949	  	2-3/4% Series
Due 1979	  	6,500,000	  	None
					
	 Fifth
Supplemental
 Indenture
	  	December 1, 1949	  	2-3/4% Series
Due 1984	  	32,500,000	  	None

  
 1 

									
	 Supplemental
Indenture
	  	 Date
	  	 Series of
First Mortgage Bonds
Provided For
	  	 Principal
Amount
Issued
	  	 Principal
Amount
Outstanding

					
	 Seventh
Supplemental
 Indenture
	  	December 1, 1951	  	3-1/4% Series
Due 1981	  	5,250,000	  	None
					
	 Eighth
Supplemental
 Indenture
	  	May 1, 1952	  	3-1/4% Series
Due 1982	  	4,750,000	  	None
					
	 Ninth
Supplemental
 Indenture
	  	October 1, 1954	  	3-1/8% Series
Due 1984	  	8,000,000	  	None
					
	 Tenth
Supplemental
 Indenture
	  	September 1, 1961	  	4-3/4% Series
Due 1991	  	13,000,000	  	None
					
	Eleventh
Supplemental Indenture	  	April 1, 1969	  	7-5/8% Series
Due 1999	  	19,000,000	  	None
					
	Twelfth
Supplemental Indenture	  	September 1, 1970	  	8-3/4% Series
Due 2000	  	20,000,000	  	None
					
	Thirteenth
Supplemental Indenture	  	February 1, 1975	  	8-5/8% Series
Due 2005	  	35,000,000	  	None
					
	Fourteenth
Supplemental Indenture	  	May 1, 1976	  	8-5/8% Series
Due 2006	  	45,000,000	  	None
					
	Fifteenth
Supplemental Indenture	  	April 1, 1977	  	5.90% Pollution
Control Series
Due 2007	  	32,000,000	  	None
					
	Sixteenth
Supplemental Indenture	  	June 1, 1977	  	8-1/8% Series
Due 2007	  	30,000,000	  	None
					
	Seventeenth
Supplemental Indenture	  	February 1, 1978	  	8-3/4% Series
Due 2008	  	35,000,000	  	None
					
	Eighteenth
Supplemental Indenture	  	January 1, 1979	  	6-3/4% Pollution
Control Series
Due 2009	  	45,000,000	  	None
					
	Nineteenth
Supplemental Indenture	  	May 1, 1980	  	8-1/4% Pollution
Control Series
Due 1983	  	45,000,000	  	None
					
	Twentieth
Supplemental Indenture	  	November 1, 1981	  	16.95% Series
Due 1988	  	25,000,000	  	None

  
 2 

									
	 Supplemental
Indenture
	  	 Date
	  	 Series of
First Mortgage Bonds
Provided For
	  	 Principal
Amount
Issued
	  	 Principal
Amount
Outstanding

					
	Twenty-First
Supplemental Indenture	  	April 1, 1982	  	15% Series
Due 1992	  	60,000,000	  	None
					
	Twenty-Second
Supplemental Indenture	  	February 1, 1983	  	9-5/8% Pollution
Control Series
Due 2013	  	58,500,000	  	None
					
	Twenty-Third
Supplemental Indenture	  	July 1, 1986	  	8-1/4% Series
Due 1996	  	60,000,000	  	None
					
	Twenty-Fourth
Supplemental Indenture	  	March 1, 1987	  	8-5/8% Series
Due 2020	  	50,000,000	  	None
					
	Twenty-Fifth
Supplemental Indenture	  	October 15, 1988	  	9.35% Series
Due 1998	  	75,000,000	  	None
					
	Twenty-Sixth
Supplemental Indenture	  	February 15, 1990	  	8-7/8% Series
Due 2000	  	75,000,000	  	None
					
	Twenty-Seventh
Supplemental Indenture	  	March 12, 1992	  	7.46% Demand Series	  	370,000,000	  	None
					
	Twenty-Eighth
Supplemental Indenture	  	July 1, 1992	  	7-1/4% Series
Due 1999	  	125,000,000	  	None
	 	  	 	  	8-1/2% Series
Due 2022	  	125,000,000	  	None
					
	Twenty-Ninth
Supplemental Indenture	  	August 20, 1992	  	7-1/4% Series
Due 2002	  	100,000,000	  	None
					
	Thirtieth
Supplemental Indenture	  	February 1, 1993	  	6% Pollution Control
Revenue Refunding Series
Due 2033	  	58,500,000	  	None
					
	Thirty-First
Supplemental Indenture	  	April 15, 1993	  	7.65% Series
Due 2023	  	100,000,000	  	None
					
	Thirty-Second
Supplemental Indenture	  	April 15, 1994	  	7-1/2% Series
Pollution Control
Revenue Refunding
Due 2032	  	75,500,000	  	75,500,000

  
 3 

									
	 Supplemental
Indenture
	  	 Date
	  	 Series of
First Mortgage Bonds
Provided For
	  	 Principal
Amount
Issued
	  	 Principal
Amount
Outstanding

					
	Thirty-Third
Supplemental Indenture	  	August 11, 1997	  	6-7/8% Convertible Series
Due 2004	  	370,000,000	  	None
	 	  	 	  	7-1/8% Convertible
Series
Due 2009	  	150,000,000	  	None
					
	Thirty-Fourth
Supplemental Indenture	  	June 28, 2000	  	9-1/2% Series
Due 2003	  	397,800,000	  	None
					
	Thirty-Fifth
Supplemental Indenture	  	May 10, 2002	  	7-7/8% Series
Due 2007	  	365,000,000	  	None
					
	Thirty-Sixth
Supplemental Indenture	  	June 1, 2004	  	5.00% Series
Pollution Control
Refunding Revenue
Due 2033	  	58,340,000	  	None
					
	Thirty-Seventh
Supplemental Indenture	  	June 17, 2004	  	6.00% Series
Due 2014	  	250,000,000	  	None
					
	Thirty-Eighth
Supplemental Indenture	  	January 18, 2005	  	5.15% Series
Due 2017	  	125,000,000	  	None
	 	  	 	  	5.95% Series
Due 2035	  	125,000,000	  	None
					
	Thirty-Ninth
Supplemental Indenture	  	June 30, 2005	  	5.10% Series
Due 2020	  	250,000,000	  	250,000,000
	 	  	 	  	5.875% Series
Due 2036	  	150,000,000	  	None
					
	Fortieth
Supplemental Indenture	  	May 15, 2007	  	6.10% Series
Due 2047	  	150,000,000	  	None
					
	Forty-First
Supplemental Indenture	  	November 25, 2008	  	 8.625% Series

Due 2018
	  	300,000,000	  	None
					
	Forty-Second Supplemental Indenture	  	March 1, 2012	  	 4.125% Series

Due 2042
	  	250,000,000	  	250,000,000
					
	Forty-Second Supplemental (Reopening) Indenture	  	May 17, 2012	  	 4.125% Series

Due 2042
	  	300,000,000	  	300,000,000

  
 4 

									
	 Supplemental
Indenture
	  	 Date
	  	 Series of
First Mortgage Bonds
Provided For
	  	 Principal
Amount
Issued
	  	 Principal
Amount
Outstanding

					
	Forty-Third Supplemental Indenture	  	March 28, 2013	  	 4.10% Series

Due 2043
	  	430,000,000	  	430,000,000
					
	Forty-Fourth Supplemental Indenture	  	August 19, 2013	  	 4.625% Series

Due 2043
	  	250,000,000	  	250,000,000
					
	Forty-Fifth Supplemental Indenture	  	November 13, 2015	  	 3.25% Series

Due 2025
	  	250,000,000	  	250,000,000
	 	  	 	  	 4.25% Series

Due 2045
	  	300,000,000	  	300,000,000
					
	Forty-Sixth Supplemental Indenture	  	June 20, 2016	  	 2.55% Series

Due 2026
	  	350,000,000	  	350,000,000
					
	Forty-Seventh Supplemental Indenture	  	March 6, 2017	  	 3.10% Series

Due 2027
	  	300,000,000	  	300,000,000

 ; and 

WHEREAS, the Company-Predecessor entered into an Amended and Restated Agreement and Plan of Merger, dated as
of July 9, 2017, with Great Plans Energy Incorporated, a corporation organized and existing under the laws of the State of Missouri, Monarch Energy Holding, Inc., a corporation organized and existing under the laws of the State of Missouri
(“Monarch Energy”), and King Energy, Inc., a corporation organized and existing under the laws of the State of Kansas and a wholly owned subsidiary of Monarch Energy (“Merger Sub”), and, on June 4, 2018,
pursuant to such agreement, Merger Sub merged with and into the Company-Predecessor, with the Company surviving the merger (the “Merger”), on such terms as fully to preserve and in no respect impair the lien on the mortgaged
property under the Original Indenture as amended by all indentures supplemental thereto (hereinafter sometimes collectively called the “Indenture”) or any of the rights or powers of the Trustee or of the Bondholders thereunder; and

 WHEREAS, the Company desires by this Forty-Eighth Supplemental Indenture (hereinafter referred to as
this “Supplemental Indenture”) to supplement the Original Indenture and to evidence the succession of the Company as the successor corporation resulting from the Merger, and the assumption by the Company of the due and punctual
performance and observance of all the covenants and conditions to be kept or performed by the Company-Predecessor under the Indenture and the due and punctual payment of the principal and interest of all Bonds now outstanding under the Indenture
according to their tenor and to enable the Company to have and exercise powers and rights of the Company-Predecessor under the Indenture in accordance with the terms thereof; and 

  
 5 

 WHEREAS, the Company, in the exercise of the powers and
authority conferred upon and reserved to it under the provisions of the Original Indenture and indentures supplemental thereto, has duly resolved and determined to make, execute and deliver to the Trustee a 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 INDENTURE WITNESSETH: That, in consideration of the premises and of the mutual covenants
herein contained and of the sum of One Dollar duly paid by the Company to the Trustee at or before the time of the execution of these presents, and of other valuable considerations, the receipt whereof is hereby acknowledged, and in order further to
secure the payment of the principal of and interest and premium, if any, on all Bonds at any time issued and outstanding under the Indenture according to their tenor, purpose and effect, and to declare certain terms and conditions upon and subject
to which Bonds are to be issued and secured, the Company has executed and delivered this Supplemental Indenture, and by these presents grants, bargains, sells, warrants, aliens, releases, conveys, assigns, transfers, mortgages, pledges, sets over
and ratifies and confirms unto The Bank of New York Mellon Trust Company, N.A., as Trustee, and to its successors in trust under the Indenture forever, all and singular the following described properties (in addition to all other properties
heretofore specifically subjected to the lien of the Indenture and not heretofore released from the lien thereof), that is to say: 

FIRST. 

All and singular the lands, real estate, chattels real, easements, servitudes, and leaseholds of the Company,
or which, subject to the provisions of Article XII of the Original Indenture, the Company may hereafter acquire, including, among other things, the existing property described in Appendix A hereto under the caption “First,” which
description is hereby incorporated herein by reference and made a part hereof as if fully set forth herein, together with all improvements of any type located thereon. 

Also all power houses, plants, buildings and other structures, dams, dam sites, substations, heating plants,
gas works, holders and tanks, compressor stations, gasoline extraction plants, together with all and singular the electric heating, gas and mechanical appliances appurtenant thereto of every nature whatsoever, now owned by the Company or which it
may hereafter acquire, including all and singular the machinery, engines, boilers, furnaces, generators, 

  
 6 

 
dynamos, turbines and motors, and all and every character of mechanical appliance for generating or producing electricity, steam, water, gas and other agencies for light, heat, cold or power or
any other purpose whatsoever. 
 SECOND. 

Also all transmission and distribution systems used for the transmission and distribution of electricity,
steam, water, gas and other agencies for light, heat, cold or power, or any other purpose whatsoever, whether underground or overhead or on the surface or otherwise of the Company, or which, subject to the provisions of Article XII of the Original
Indenture, the Company may hereafter acquire, including all poles, posts, wires, cables, conduits, mains, pipes, tubes, drains, furnaces, switchboards, transformers, insulators, meters, lamps, fuses, junction boxes, water pumping stations, regulator
stations, town border metering stations and other electric, steam, water and gas fixtures and apparatus. 
 THIRD. 

Also all franchises and all permits, ordinances, easements, privileges and immunities and licenses, all
rights to construct, maintain and operate overhead, surface and underground systems for the distribution and transmission of electricity, gas, water or steam for the supply to itself or others of light, heat, cold or power or any other purpose
whatsoever, all rights-of-way, all waters, water rights and flowage rights and all grants and consents, now owned by the Company or, subject to the provisions of Article
XII of the Original Indenture, which it may hereafter acquire. 
 Also all inventions, patent rights and
licenses of every kind now owned by the Company or, subject to the provisions of Article XII of the Original Indenture, which it may hereafter acquire. 

FOURTH. 

Also, subject to the provisions of Article XII of the Original Indenture, all other property, real, personal
and mixed (except as therein or herein expressly excepted) of every nature and kind and wheresoever situated now or hereafter possessed by or belonging to the Company, or to which it is now, or may at any time hereafter be, in any manner entitled at
law or in equity. 
 FIFTH. 

Also any and all property of any kind or description which may from time to time after the date of the
Original Indenture by delivery or by writing of any kind be conveyed, mortgaged, pledged, assigned or transferred to the Trustee by the Company or by any person, copartnership or corporation, with the consent of the Company or otherwise, and
accepted by the Trustee, to be held as part of the mortgaged property; and the Trustee is hereby authorized to accept and receive any such property and any such conveyance, mortgage, pledge, assignment and

  
 7 

 
transfer, as and for additional security hereunder, and to hold and apply any and all such property subject to and in accordance with the terms and provisions upon which such conveyance,
mortgage, pledge, assignment or transfer shall be made. 
 SIXTH. 

Together with all and singular, the tenements, hereditaments and appurtenances belonging or in anywise
appertaining to the aforesaid property or any part thereof, with the reversion and reversions, remainder and remainders, tolls, rents, revenues, issues, income, products and profits thereof, and all the estate, right, title, interest and claim
whatsoever, at law and in equity, which the Company now has or may hereafter acquire in and to the aforesaid property and franchises and every part and parcel thereof. 

EXPRESSLY EXCEPTING AND EXCLUDING, HOWEVER, all properties of the character excepted from the lien of the
Original Indenture. 
 TO HAVE AND TO HOLD all said properties, real, personal and mixed, mortgaged,
pledged and conveyed by the Company as aforesaid, or intended so to be, unto the Trustee and its successors and assigns forever; 

SUBJECT, HOWEVER, to the exceptions and reservations hereinabove referred to, to existing leases other than
leases which by their terms are subordinate to the lien of the Indenture, to existing liens upon rights-of-way for transmission or distribution line purposes, as defined
in Article I of the Original Indenture; and any extensions thereof, and subject to existing easements for streets, alleys, highways, rights-of-way and railroad purposes
over, upon and across certain of the property herein before described and subject also to all the terms, conditions, agreements, covenants, exceptions and reservations expressed or provided in the deeds or other instruments respectively under and by
virtue of which the Company acquired the properties hereinabove described and to undetermined liens and charges, if any, incidental to construction or other existing permitted liens as defined in Article I of the Original Indenture; 

IN TRUST, NEVERTHELESS, upon the terms and trusts in the Original Indenture, and the indentures supplemental
thereto, including this Supplemental Indenture, set forth, for the equal and proportionate benefit and security of all present and future holders of the Bonds and coupons issued and to be issued thereunder, or any of them, without preference of any
of said Bonds and coupons of any particular series over the Bonds and coupons of any other series by reason of priority in the time of issue, sale or negotiation thereof, or by reason of the purpose of issue or otherwise howsoever, except as
otherwise provided in Section 2 of Article IV of the Original Indenture. 

  
 8 

 AND IT IS HEREBY COVENANTED, DECLARED AND AGREED, by and between
the parties hereto for the benefit of those who shall hold the Bonds and coupons, or any of them, to be issued under the Indenture as follows: 

ARTICLE I 

COVENANTS AND AGREEMENTS OF THE COMPANY 

Section 1. Assumption of Covenants and Conditions. The Company hereby
expressly assumes the due and punctual payment of the principal and interest of all Bonds now outstanding under the Indenture according to their tenor and the due and punctual performance and observance of all the covenants and conditions of the
Indenture to be kept or performed by the Company-Predecessor, and the Company hereby assumes and agrees to pay, duly and punctually, the principal of and interest on the Bonds issued under the Indenture, and agrees to perform and fulfill all the
covenants and conditions of the Indenture to be kept or performed by the Company-Predecessor. 
 ARTICLE II

 MISCELLANEOUS PROVISIONS 

Section 1. Acceptance of Trust. The Trustee accepts the trusts
herein declared, provided, created or supplemented and agrees to perform the same upon the terms and conditions herein and in the Original Indenture, as amended, set forth and upon the following terms and conditions. 

Section 2. Responsibility and Duty of Trustee. The Trustee shall
not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture 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 XIII of the Original Indenture, as amended by the Second Supplemental Indenture, shall apply to and form part of this Supplemental Indenture with the same force and effect as if the same were herein
set forth in full with such omissions, variations and insertions, if any, as may be appropriate to make the same conform to the provisions of this Supplemental Indenture. 

Section 3. Parties to Include Successors and Assigns. Whenever in
this Supplemental Indenture either of the parties hereto is named or referred to, such reference shall, subject to the provisions of Articles XII and XIII of the Original Indenture, be deemed to include the successors and assigns of such party, and
all the covenants and agreements in this Supplemental Indenture contained by or on behalf of the Company, or by or on behalf of the Trustee, shall, subject as aforesaid, bind and inure to the respective benefits of the respective successors and
assigns of such parties, whether so expressed or not. 
 Section 4.
Benefits Restricted to Parties and to Holders of Bonds and Coupons. Nothing in this Supplemental Indenture, expressed or implied, is intended or shall be construed, to confer upon, or to give to, any person, firm or corporation, other
than the parties hereto and the holders of the Bonds and coupons outstanding under the Indenture, any right, remedy or claim under or by reason of this Supplemental Indenture or any covenant, condition, stipulation, promise or

  
 9 

 
agreement hereof, and all the covenants, conditions, stipulations, promises and agreements in this Supplemental Indenture contained by and on behalf of the Company shall be for the sole and
exclusive benefit of the parties hereto, and of the holders of the Bonds and of the coupons outstanding under the Indenture. 

Section 5. Execution in Counterparts. This Supplemental Indenture
may be executed in several counterparts, and all such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument. 

Section 6. Titles of Articles Not Part of the Forty-Eighth
Supplemental Indenture. The Titles of the several Articles of this Supplemental Indenture shall not be deemed to be any part thereof. 

  
 10 

 IN WITNESS HEREOF, WESTAR ENERGY, INC., party hereto of the
first part, has caused its corporate name to be hereunto affixed, and this instrument to be signed and sealed by its Chairman of the Board, President, Chief Executive Officer or a Vice President, and its corporate seal to be attested by its
Secretary or an Assistant Secretary for and in its behalf, and The Bank of New York Mellon Trust Company, N.A., party hereto of the second part, has caused its corporate name to be hereunto affixed, and this instrument to be signed and sealed by its
duly authorized officer and its corporate seal to be attested by its duly authorized officer, all as of the day and year first above written. 

(CORPORATE SEAL) 
  

			
	 WESTAR ENERGY, INC.

		
	 By:
	 	 
		 	Anthony D. Somma
		 	Executive Vice President and
		 	Chief Financial Officer

  

					
		 	ATTEST:
			
		 	By:	 	 
		 		 	Jeffrey C. DeBruin
		 		 	Assistant Secretary

  

			
		 	 Executed, sealed and delivered by WESTAR

    ENERGY, INC. in the presence of:

					
		 		 	
		 	By:	 	  

			
		 	By:	 	  

  
 S-1 

 
			
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

		
	 By:
	 	 
		 	Name:
		 	Title:
		 	

  

			
	 ATTEST:

			
		
	 By:
	 	 
		 	

			
	 Executed, sealed and delivered by
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
in the presence of:

			
		
	 By:
	 	 
		
	 By:
	 	 

  
 S-2 

			
	 STATE OF KANSAS
	 	)
		 	: ss.:
	 COUNTY OF SHAWNEE
	 	)

 BE IT REMEMBERED, that on this
             day of                     , 2018, before me, the undersigned,
a Notary Public within and for the County and State aforesaid, personally came Anthony D. Somma and Jeffrey C. DeBruin, of Westar Energy, Inc., a corporation duly organized, incorporated and existing under the laws of the State of Kansas, 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 the execution of the same to be the act and deed
of said corporation. 
 IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal
on the day and year last above written. 
  

							
		 		 	Notary Public
My Commission Expires	 	
		 		 	  
	 	

  
 S-3 

			
	 STATE OF KANSAS
	 	)
		 	: ss.:
	 COUNTY OF SHAWNEE
	 	)

 BE IT REMEMBERED, that on this
             day of                     , 2018, before me, the undersigned,
a Notary Public within and for the County and State aforesaid, personally came Anthony D. Somma, and Jeffrey C. DeBruin, of Westar Energy, Inc., a corporation duly organized, incorporated and existing under the laws of the State of Kansas, who are
personally known to me to be such officers, being by me respectively duly sworn, did each say that the said Anthony D. Somma is Executive Vice President and Chief Financial Officer and that the said Jeffrey C. DeBruin is Assistant Secretary of said
corporation, that the consideration of and for the foregoing instrument was actual and adequate, that the same was made and given in good faith, for the uses and purposes therein set forth and without any intent to hinder, delay, or defraud
creditors or purchasers. 
 IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official
seal on the day and year last above written. 
  

							
		 		 	Notary Public
My Commission Expires	 	
		 		 	  
	 	

  
 S-4 

 ACKNOWLEDGMENT 

 

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the
document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. 

 State of
California 
 County of
                                         
                   ) 
 On
                                         
        before me,
                                         
                                         
                           

(insert name and title of officer) 

personally appeared
                                         
                                         
                                         
                         , 

who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are 

subscribed to the within instrument and acknowledged to me that he / she / they executed the same in 

his / her / their authorized capacity(ies), and that by his / her / their signatures(s) on the instrument the 

person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing 

paragraph is true and correct. 

WITNESS my hand and official seal. 

Signature
                                         
                       (Seal) 

  
 S-5 

 APPENDIX A 

to 
 FORTY-EIGHTH SUPPLEMENTAL
INDENTURE 
 Dated as of June 4, 2018 

Westar Energy, Inc. 
 to 

The Bank of New York Mellon Trust Company, N.A. 

(as successor to 
 Harris Trust and
Savings Bank), as Trustee 
  
  

DESCRIPTION OF PROPERTIES 
 LOCATED
IN THE STATE OF KANSAS 
 FIRST 

PARCELS OF REAL ESTATE 
  

 
 ATCHISON
COUNTY 
 A tract of land in the southeast quarter of section 35, township 5 south, range 17 east of the 6th principal meridian, Atchison County, Kansas, described as follows: 

Beginning at the southeast corner of said southeast quarter; thence on azimuth (NAD 83 Kansas north state plane) 268 degrees
22 minutes 36 seconds, coincident with the south line of said southeast quarter, 684.75 feet; thence on azimuth 358 degrees 24 minutes 06 seconds, 695.00 feet; thence on azimuth 88 degrees 22 minutes 36 seconds, 684.75 feet to the east line of said
southeast quarter; thence on azimuth 178 degrees 24 minutes 06 seconds, coincident with said east line, 695.00 feet to the point of beginning. Said tract containing 10.92 acres. 

  
 A-1 

 BROWN COUNTY 

A tract of land in the southwest quarter of section 5, township 3 south, range 17 east of the 6th principal Meridian, Brown
County, Kansas, described as follows: Beginning at the northwest corner of said southwest quarter; thence on azimuth (NAD 83 Kansas north state plane) 88 degrees 08 minutes 43 seconds, coincident with the north line of said southwest quarter, 684.75
feet; thence on azimuth 178 degrees 57 minutes 49 seconds, 660.00 feet; thence on azimuth 268 degrees 08 minutes 43 seconds, 684.75 feet to the west line of said south west quarter; thence on azimuth 358 degrees 57 minutes 49 seconds, coincident
with said west line, 660.00 feet to the point of beginning, said tract containing 10.37 acres+/-. 
 CLAY COUNTY 

A tract of land in the West Half (W
 1⁄2 ) of Vacated “F” Street adjacent to Lots One (1) Two (2) and Three (3) of Block Sixty-two
(62) in the Original Townsite of Wakefield, in Clay County, Kansas, being more fully described as follows: Beginning at the intersection of the centerline of said Vacated “F” Street and the North Right-of-Way (R/W) of Second Street, point being marked with a 1/2” iron pin (lP) with plastic cap (w/PC); thence North 01°47’28” West along said centerline for 160.97 feet to a
1/2” IP w/ PC; thence South 88°27’l7” West for 50.00 feet to a 1/2” x 30” rebar w/PC; thence South 01°47’28” East for 161.41 fee t to a 1/2” x 30” rebar w/PC on said North R/W; thence North
87°56’46” East along said North R/W for 50.00 feet to the Point of Beginning. 
 DICKINSON COUNTY 

A parcel located in the Southwest Quarter of Section 21, Township 13 South, Range 2 East of the 6th P.M., Dickinson
County, Kansas, also Lot 1, Nemechek Addition to the City of Abilene, Dickinson County, Kansas, more particularly described as follows: Commencing at the Northeast corner of said Quarter, thence S00°35’52” E along the East line of said
Quarter a distance of 493.53 feet, thence S89°39’15” W a distance of 365.89 feet along the North line of a parcel described in Deed Book 253, Page 817- 818 to the Point of Beginning of parcel to
be described; thence S00°33’18“E a distance of 386.27 feet to the North line of Augustine Avenue in Chicago Addition to the City of Abilene; thence S89°41’58“W along said North line a distance of 5.00 feet; thence
N00°33’18“W a distance of 386.26 feet to the Northwest corner of said parcel; thence N89°39’15“E along the North line of said parcel a distance of 5.00 feet to the Point of Beginning. 

  
 A-2 

 GEARY COUNTY 

A tract of land in the Northeast Quarter (NEl/4) of Section Fifteen (15), Township Twelve (12) South, Range Seven
(7) East of the 6th P.M., Geary County, Kansas, described as follows: 
 The East 625 Feet of the North 1000 Feet of
said Quarter Section. As shown on Exhibit A of Kansas Power & Light Facility Easement in Book 40, Page 1181 recorded in the office of the Register of Deeds of said County. More particularly described as follows: 

Beginning at the Northeast corner of the Northeast Quarter (NEl/4) of said Section Fifteen (15); thence on an assumed bearing
of S 01°07’44” E along the East line of said Northeast Quarter (NEl/4) a distance of 1000 feet; thence S 88°02’45” W parallel to the North line of said Northeast Quarter (NEl/4) a distance of 625 feet; thence N
01°07’44” W parallel to the East line of said Northeast Quarter (NEl/4) a distance of 1000 feet to said North line; thence N 88°02’45” E along said North line a distance of 625 feet to the Point of Beginning. 

JEFFERSON COUNTY 

A portion of the Southeast Quarter (SE 1/4) of Section 25, Township 07 South, Range 18 East of the Sixth Principal
Meridian, Jefferson County, Kansas, being described as follows: 
 Commencing at the Southeast corner of the Southeast
Quarter (SE 1/4) of said Section 25; Thence N 89°50’ 03” W (Bearings Based on the Kansas Coordinate System 1983 North Zone) along the South line of the Southeast Quarter (SE 1/4) of said Section 25 a distance of 1478.81 feet;
Thence N 05°18’40” E a distance of 558.65 feet; Thence N 52°15’54 ‘’ E a distance of 553.68 feet to the Northeasterly corner of the tract described in Book 430 Page 519 in the Jefferson County Register of Deeds
Office, said corner being the Point of Beginning; Thence continuing N 52° 15’54” E a distance of 446.00 feet; Thence S 37°44’06” E a distance of 552.91 feet to the North right of way of 198th Street; Thence S
46°03’06” W along said right of way a distance of 79.84 feet; Thence S 54°04’11” W along said right of way a distance of 366.81 feet to the Southeasterly corner of said tract described in Book 430 Page 519; Thence N
37° 44’ 06” W along the Easterly line of said tract a distance of 550.00 feet to the Point of Beginning. 
 NEMAHA COUNTY

 That part of the Northwest Quarter of Section 3, Township 5 South, Range 13 East of the 6th P.M., Nemaha
County, Kansas being described as follows: Beginning at the Southwest Corner of said Northwest Quarter; thence N 00°36’47” W (bearings based on the Kansas Coordinate System 1983 North Zone) along the West line of said Northwest Quarter
a distance of 573.00 feet; thence N 88°54’09” E parallel to the South line of said Northwest Quarter a distance of 360.00 feet; thence S 00°36’47” E parallel to said West line a distance of 573.00 feet to the South line
of said Northwest Quarter; thence S 88°54’09” W along said South line a distance of 360.00 feet to the point of beginning, containing 4.74 acres, more or less. 

  
 A-3 

 RILEY COUNTY 

Lot 2, MATC Addition, an addition to the City of Manhattan, Riley County, Kansas 

SALINE COUNTY 

The North 825.00 feet of Lot One (1), Block One (1), Salina Industrial Park, located in the Southwest Quarter (SW 1/4) of
Section 12, Township 15 South, Range 03 West of the Sixth Principal Meridian, Saline County, Kansas, and being more particularly described as follows: 

Commencing at the Northwest corner of the Southwest Quarter (SW 1/4) of said Section 12; Thence S
89°48’27” E (Bearings Based on the Kansas Coordinate System 1983 North Zone) along the North line of the Southwest Quarter (SW 1/4) of said Section 12 a distance of 57.44 feet to the Northwest corner of said Lot 1, said corner
being the Point of Beginning; Thence S 89°48’27” E along the North line of said Lot 1 a distance of 2558.21 feet to the Northeast corner of said Lot 1; Thence S 00°00’04” W along the East line of said Lot 1 a distance of
825.00 feet; Thence N 89°48’27” W parallel with the North line of said Lot 1 a distance of 2557.92 feet to the West line of said Lot 1; Thence N 00°01’09” W along said West line a distance of 825.00 feet to the Point of
Beginning. 

  
 A-4EX-10.1

 Exhibit 10.1 

WESTAR ENERGY 
 LONG TERM
INCENTIVE AND SHARE AWARD PLAN 
 RESTRICTED SHARE UNITS AWARD 

 

					
	Name:	    	  
	  	
	Number of Restricted Share Units:	    	  
	  	
	Grant Date:	    	June 4, 2018                                   
     	  	

 Westar Energy, Inc. (the “Company”) hereby grants to you
                     Restricted Share Units pursuant to the Company’s Long Term Incentive and Share Award Plan (as amended and restated
January 1, 2016 and thereafter amended from time to time, the “Plan”), a copy of which has been delivered to you and made a part hereof, subject to the following terms and conditions and the terms and conditions of the Plan (this
“Award”). The terms used in this Award shall have the same meaning as in the Plan, except as otherwise specified herein, and except that “Restricted Share Units” shall refer only to the Restricted Share Units granted under this
Award. 
 Pursuant to a change in control agreement that you have with the Company, you may be entitled to certain benefits in connection with a change in
control of the Company, including cash payments based on your “Annual RSU Grant,” as that phrase is defined in the change in control agreement. By accepting this Award, you acknowledge that the Award is neither an “Annual RSU
Grant” under the change in control agreement, nor in any way increases the value of any benefits to which you might be or become entitled under any change in control agreement. 

 

	1.	Restricted Share Units. Subject to the terms and conditions hereof and as contained in the Plan, each Restricted Share Unit shall represent the right to receive one share of the Company’s common stock. For
purposes of this Award, the reference to the Company’s common stock (including dividends or dividend equivalents) shall mean the common stock (and dividends or dividend equivalents) of the ultimate publicly-traded parent resulting from the
transactions (the “Merger”) pursuant to that certain Amended and Restated Agreement and Plan of Merger, dated as of July 9, 2017, by and among the Company, Great Plains Energy Incorporated, Monarch Energy Holding, Inc. and King
Energy, Inc. (the “Merger Agreement”) on and after the consummation date of the Merger. 

  

	2.	Vesting. The Restricted Share Units covered by this Award shall vest in one-third increments (rounded to the nearest whole number) on each of the first three anniversaries
of the Grant Date (each, a “Scheduled Vesting Date”), if your employment with the Company continues uninterrupted through the applicable Scheduled Vesting Date. The period beginning on the Grant Date and ending on each Scheduled Vesting
Date for purposes of the unvested Restricted Stock Units granted under this Award shall be called the “Restricted Period.” For the avoidance of doubt, employment with the Company shall include any employment with the Company or any of its
Subsidiaries or Affiliates, including those Affiliates following the consummation of the Merger. 

	3.	Dividend Equivalents, Stock Distributions and/or Stock Splits. 

  

	 	(a)	During the Restricted Period you shall receive, in cash, dividend equivalents in an amount equal to the amount of the cash dividends that you would have received if you owned during the Restricted Period the number of
shares of the Company’s common stock represented by such outstanding and unvested Restricted Share Units and such dividend equivalents shall be paid to you at the same time as dividends are paid to the Company’s shareholders.

  

	 	(b)	If during the Restricted Period any shares of the Company’s common stock or other property (other than cash) are distributed to holders of the Company’s common stock in a pro rata distribution other than as a
result of a stock split, you shall be entitled to receive the number of shares of the Company’s common stock or the other property that you would have received if you owned during the Restricted Period the number of shares of the Company’s
common stock represented by the outstanding and unvested Restricted Share Units, and such stock or other property shall be paid to you at the same time as such payments are made to the Company’s shareholders. 

 

	 	(c)	If during the Restricted Period any shares of the Company’s common stock are distributed to holders of the Company’s common stock as a result of a stock split, your Award shall be increased by a number of
additional Restricted Share Units equal to the number of shares of the Company’s common stock that you would have received if you owned during the Restricted Period the number of shares of the Company’s common stock represented by the
outstanding and unvested Restricted Share Units. Such additional Restricted Share Units shall be subject to the same terms, conditions and restrictions as the original Restricted Share Units covered by this Award. 

 

	4.	Payment and Withholding. 

  

	 	(a)	As soon as administratively practicable following, but in no event later than 30 days of, each Scheduled Vesting Date set forth in Section 2 above for the Restricted Share Units, the shares of the Company’s
common stock represented by the vested Restricted Share Units shall be credited to an account maintained for you. 

  

	 	(b)	The Company, if required, shall withhold taxes, at a rate not to exceed the minimum statutory rate, on any income realized in connection with the payment of Restricted Share Units or dividend equivalents.

  

	5.	No Acceleration of Vesting Upon Change of Control. Section 8(a) of the Plan shall not apply to the Restricted Share Units covered by this Award. 

 

	6.	Separation from Service. 

  

	 	(a)	Except as provided below in this Section 6 and in Section 7, you shall be eligible for payment of all awarded Restricted Share Units only if your employment with the Company continues uninterrupted through the
end of the Restricted Period. 

  
 2 

	 	(b)	If your employment terminates due to a Separation from Service, as defined in Section 409A, during the Restricted Period on account of your death or Disability (as defined below), your Award shall be
prorated with the number of vested shares equal to (i) the number of unvested Restricted Stock Units as of the Separation from Service times (ii) a fraction with (A) a numerator equal to the number of days from the Grant Date to the
date of your Separation from Service and (B) a denominator equal to 1,095. The prorated Award shall be paid within 30 days following your date of death or Disability, as provided in Section 4 above. In the case of your death, such shares
to be delivered or credited, shall be made to the beneficiary designated in writing by you pursuant to a form of designation provided by the Company, or, if none, to your estate. For purposes of this Award, the term “Disability” means,
(1) you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
12 months, or (2) you are, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement
benefits for a period of not less than three months under an accident and health plan covering employees of the Company, or (3) you are determined to be totally disabled by the Social Security Administration. 

 

	7.	Termination without Cause. 

  

	 	(a)	In the event that, prior to the final Scheduled Vesting Date, you have a Separation from Service on account of the Company terminating you without Cause (as defined below), then any unvested Restricted Share Units shall
vest on the date of your Separation from Service, and such shares shall be credited to an account maintained for you, as soon as administratively practicable following, but in no event later than 30 days of, the date of your Separation from Service.

  

	 	(b)	For purposes of this Award, the term “Cause” means, unless otherwise defined in your employment agreement or change in control agreement with the Company, in which case such definition will apply, (i) the
material misappropriation of any of the Company’s funds or property; (ii) the conviction of, or the entering of a guilty plea or plea of no contest with respect to, a felony, or the equivalent thereof; (iii) commission of an act of
willful damage, willful misrepresentation, willful dishonesty, or other willful conduct that can reasonably be expected to have a material adverse effect on the business, reputation, or financial situation of the Company; or (iv) gross
negligence or willful misconduct in performance of your duties; provided, however, for purposes of this Award, the term “Cause” shall not exist under clause (iv) above with respect to an act or failure to act unless
(A) you have been provided written notice describing in sufficient detail the acts or failure to act giving rise to the Company’s assertion of such gross negligence or misconduct, (B) been provided a reasonable period to remedy any
such occurrence and (C) failed to sufficiently remedy the occurrence. For the avoidance of doubt, a Separation from Service by the Company without Cause shall not include a Separation from Service by reason of your death or Disability.

  
 3 

	8.	Forfeiture of Restricted Share Units. If you have a Separation from Service for any reason other than those described in Sections 6 or 7 above during the Restricted Period, all of the unvested Restricted Share
Units shall be forfeited, and you shall have no further right to receive any benefits or payments under this Award. 

  

	9.	Rights as Shareholder. During the Restricted Period, you shall have none of the rights of a shareholder of the Company with respect to the shares of the Company’s common stock represented by the Restricted
Share Units. You shall, however, have the right to receive dividend equivalents as described in Section 3 above. In addition, if shares of the Company’s common stock are held under a “rabbi trust” (the assets of which are subject
to claims of the Company’s creditors in the event of the Company’s insolvency) established to assist the Company in meeting its obligations under this and other restricted share unit awards, you may (at the Company’s sole discretion)
be given the right during the Restricted Period to direct the trustee as to the voting of a number of shares held by the trustee corresponding to the Award. 

  

	10.	Nontransferability. Except by will or by the laws of descent and distribution, you may not sell, transfer, assign, pledge or otherwise encumber or dispose of any Restricted Share Units nor may you sell, transfer,
assign, pledge, encumber or dispose of any of the shares of the Company’s common stock represented by your Restricted Share Units prior to the payment of such shares to you. 

 

	11.	Unsecured Creditor Status. This Award constitutes a mere promise by the Company to pay you the benefits described in this Award (to the extent vested). You shall have the status of a general unsecured creditor of
the Company with respect to any benefits payable under this Award. 

  

	12.	Committee Authority. Any questions concerning the interpretation of this Award, including without limitation any adjustments under Section 4(c) of the Plan (relating to Share splits, reorganizations,
mergers, spin-offs and other corporate transactions and events), and any controversy which arises under this Award shall be settled by the Committee, as defined in the Plan, in its sole discretion. 

 

	13.	Inconsistencies. The terms of this Award are governed by the terms of the Plan and in the case of any inconsistency between the terms of this Award and the terms of the Plan, the terms of the Plan shall control.
By signing this Award, you acknowledge receipt of a copy of the Plan. 

  

	14.	Governing Law. The provisions of this Award shall be governed by the laws of the State of Kansas without giving effect to principles of conflict of laws. 

 

	15.	Compliance with Section 409A. It is the intent of the parties that the provisions of this award comply with Internal Revenue Code Section 409A and the Treasury regulations and guidance
issued thereunder (“Section 409A”) and that this award be interpreted and operated consistent with such requirements of Section 409A in order to avoid the application of additive income taxes under Section 409A (“409A
Penalties”). To the extent that a payment, or the settlement or deferral thereof, is subject to Section 409A, except as the Company and the above-named employee otherwise determine in writing, the payment shall be paid, settled or deferred
in a manner that will meet the requirements of Section 409A, such that the payment, settlement or deferral shall not be subject to the 409A Penalties. 

  
 4 

	16.	Limitation on Payments and Benefits. Notwithstanding anything in this Award or the Plan to the contrary, if you are a “disqualified individual” (as defined in Section 280G(c) of the Code), and the
payments and benefits provided under this Award, together with any other payments, benefits or awards which you have the right to receive from the Company, or any corporation which is a member of an “affiliated group” (as defined in
Section 1504(a) of the Code without regard to Section 1504(b) of the Code), of which the Company is a member, would constitute a “parachute payment” (as defined in Section 280G(b)(2) of the Code), then the payments and
benefits provided under this Award shall be either (a) reduced (but not below zero) by the minimum amount the Company deems necessary so that none of the payments under this Award are “excess parachute payments” (as defined in
Section 280G(b) of the Code) and no portion of such amounts and benefits received by you shall be subject to the excise tax imposed by Section 4999 of the Code, or (b) paid in full, whichever produces the better net after-tax result for you (taking into account any applicable excise tax under Section 4999 of the Code and any other applicable taxes); provided, however, that, if applicable, this Award shall be reduced
pursuant to clause (a) in the event that such reduction is required in order to comply with the provisions of any change in control agreement between you and the Company, regardless of whether the application of clause (b) would produce a
better net after-tax result for you with respect to the payments and benefits under this Award. The calculations to determine such reduction must be made in good faith by legal counsel or a certified public
accountant selected by the Company, and such determination will be conclusive and binding upon you and the Company. If a reduced payment or benefit is made or provided and through error or otherwise that payment or benefit, when aggregated with
other payments and benefits from the Company used in determining if a parachute payment exists, exceeds one dollar ($1.00) less than three times your base amount, then you shall immediately repay such excess to the Company upon notification that an
overpayment has been made. Nothing in this Section shall require the Company to be responsible for, or have any liability or obligation with respect to, your excise tax liabilities under Section 4999 of the Code. 

 

									
	WESTAR ENERGY, INC.	    		  		  	
					
	By:	  	  
	    		  		  	
	Name:	  	Jerl L. Banning	    		  		  	
	Title:	  	Sr. VP, Ops Support & Admin	    		  		  	
				
	AGREED TO:	    		  		  	
			
	  
	    	  
	  	
	Name:	  	      
	    	Date	  		  	
	Title:	  	      
	    		  		  	

  
 5

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