Document:

Asset Purchase and Sale Agreement

 Exhibit 10.1 
  
 ASSET PURCHASE AND SALE AGREEMENT 
  
 BETWEEN 
  
 TPS DELL, LLC 
  
 AND 
  
 ASSOCIATED ELECTRIC COOPERATIVE, INC. 
  
 June
10, 2005 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page

	 ARTICLE I        PURCHASE AND SALE
	  	1
			
	 Section 1.1
	 	 Sale and Purchase of Assets and Real Property
	  	1
			
	 Section 1.2
	 	 Excluded Assets
	  	2
			
	 Section 1.3
	 	Assumption of Liabilities	  	2
			
	 Section 1.4
	 	Excluded Liabilities	  	3
			
	 Section 1.5
	 	Assumed Contracts	  	3
			
	 Section 1.6
	 	Excluded Contracts	  	3
			
	 Section 1.7
	 	Purchase Price	  	3
			
	 Section 1.8
	 	Allocation of Purchase Price	  	4
			
	 Section 1.9
	 	Allocation of Taxes	  	4
		
	 ARTICLE II        CLOSING
	  	5
			
	 Section 2.1
	 	Execution of Asset Purchase and Sale Agreement	  	5
			
	 Section 2.2
	 	Closing	  	5
			
	 Section 2.3
	 	The Seller’s Deliveries	  	5
			
	 Section 2.4
	 	The Buyer’s Deliveries	  	5
			
	 Section 2.5
	 	Closing Costs	  	6
			
	 Section 2.6
	 	Risk of Loss	  	6
		
	 ARTICLE III        REPRESENTATIONS AND WARRANTIES OF THE
SELLER
	  	6
			
	 Section 3.1
	 	Organization and Good Standing of the Seller	  	6
			
	 Section 3.2
	 	Authorization	  	7
			
	 Section 3.3
	 	Consents and Approvals; No Violations	  	7
			
	 Section 3.4
	 	Litigation and Claims	  	7
			
	 Section 3.5
	 	Compliance With Laws	  	8
			
	 Section 3.6
	 	Tax Matters	  	8
			
	 Section 3.7
	 	Title to Purchased Assets	  	8
			
	 Section 3.8
	 	Disclosure Schedule	  	9
			
	 Section 3.9
	 	Disclaimer of Representations and Warranties	  	9
			
	 Section 3.10
	 	Purchased Assets	  	9
		
	 ARTICLE IV        REPRESENTATIONS AND WARRANTIES OF THE BUYER
	  	10
			
	 Section 4.1
	 	Organization and Good Standing	  	10
			
	 Section 4.2
	 	Authorization of Agreement	  	10

  

 i 

					
	 Section 4.3
	 	 No Conflict; No Consents or Approvals
	  	10
			
	 Section 4.4
	 	 Enforceability
	  	10
			
	 Section 4.5
	 	 Litigation and Claims
	  	10
			
	 Section 4.6
	 	 Due Diligence
	  	11
			
	 Section 4.7
	 	 Brokers
	  	11
		
	 ARTICLE V        COVENANTS
	  	11
			
	 Section 5.1
	 	 General
	  	11
			
	 Section 5.2
	 	 General Disclaimer
	  	11
			
	 Section 5.3
	 	 No Sale of Business
	  	11
			
	 Section 5.4
	 	 Operation of the Purchased Assets Prior to the Closing Date
	  	12
			
	 Section 5.5
	 	 Permits
	  	12
			
	 Section 5.6
	 	 Access
	  	12
			
	 Section 5.7
	 	 Seller’s Consents and Approvals
	  	13
			
	 Section 5.8
	 	 Notification of Developments
	  	13
			
	 Section 5.9
	 	 Proration of Payables and Receivables
	  	13
			
	 Section 5.10
	 	 Preservation of Books and Records
	  	13
			
	 Section 5.11
	 	 Buyer’s Consents and Approvals
	  	14
		
	 ARTICLE VI        CONDITIONS TO OBLIGATIONS OF SELLER
	  	14
			
	 Section 6.1
	 	 Representations and Warranties
	  	14
			
	 Section 6.2
	 	 Compliance
	  	14
			
	 Section 6.3
	 	 No Pending Suits
	  	14
			
	 Section 6.4
	 	 Ancillary Agreements
	  	14
			
	 Section 6.5
	 	 Proceedings and Documents
	  	14
			
	 Section 6.6
	 	 HSR Approval
	  	14
		
	 ARTICLE VII        CONDITIONS TO OBLIGATIONS OF THE BUYER
	  	15
			
	 Section 7.1
	 	 Representations and Warranties
	  	15
			
	 Section 7.2
	 	 Performance
	  	15
			
	 Section 7.3
	 	 No Pending Suits
	  	15
			
	 Section 7.4
	 	 Consents, Renewals and Approvals
	  	15
			
	 Section 7.5
	 	 RUS Approvals
	  	15
			
	 Section 7.6
	 	 Proceedings and Documents
	  	15
			
	 Section 7.7
	 	 HSR Approval
	  	15
			
	 Section 7.8
	 	 Transfer of Permits
	  	15

  

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	 ARTICLE VIII        TERMINATION
	  	15
			
	 Section 8.1
	 	 Termination At or Prior to Closing
	  	15
			
	 Section 8.2
	 	 Effect of Termination
	  	16
		
	 ARTICLE IX        INDEMNIFICATION
	  	16
			
	 Section 9.1
	 	 Exclusive Remedy
	  	16
			
	 Section 9.2
	 	 Indemnification By the Buyer
	  	16
			
	 Section 9.3
	 	 Indemnification By the Seller
	  	16
			
	 Section 9.4
	 	 Limitations on Damages
	  	17
			
	 Section 9.5
	 	 Notice of Claim and Opportunity to Defend
	  	17
			
	 Section 9.6
	 	 Survival of Representations and Warranties
	  	18
		
	 ARTICLE X        MISCELLANEOUS
	  	18
			
	 Section 10.1
	 	 Applicable Law
	  	18
			
	 Section 10.2
	 	 Expenses
	  	19
			
	 Section 10.3
	 	 Third Party Beneficiaries
	  	19
			
	 Section 10.4
	 	 Waiver
	  	19
			
	 Section 10.5
	 	 Entire Agreement; Amendment
	  	19
			
	 Section 10.6
	 	 Notices
	  	19
			
	 Section 10.7
	 	 No Assignment
	  	20
			
	 Section 10.8
	 	 Severability
	  	20
			
	 Section 10.9
	 	 Confidentiality
	  	20
			
	 Section 10.10
	 	 Publicity
	  	20
			
	 Section 10.11
	 	 Waiver of Bulk Sales Compliance
	  	21
			
	 Section 10.12
	 	 Construction
	  	21
			
	 Section 10.13
	 	 Multiple Counterparts
	  	21
			
	 Section 10.14
	 	 Further Assurances
	  	21
			
	 Section 10.15
	 	 Certain Interpretive Matters
	  	21

  

 iii 

 EXHIBITS 
  

			
	 Exhibit A
	  	 Special Warranty Deed

	 Exhibit B
	  	 Quitclaim Deed

	 Exhibit C
	  	 Form Bill of Sale

	 Exhibit D
	  	 Form of Assignment and Assumption Agreement

	 Exhibit E
	  	 Seller’s Closing Certificate

	 Exhibit F
	  	 Buyer’s Closing Certificate

  
 SCHEDULES

  

			
	 Schedule 1.1(a)
	  	 Real Property

	 Schedule 1.1(b)
	  	 Electric Generating Equipment

	 Schedule 1.1(c)
	  	 Tangible Personal Property Owned or Leased by Seller

	 Schedule 1.1(d)
	  	 Intellectual property

	 Schedule 1.1(e)
	  	 Assumed Contracts

	 Schedule 1.1(g)
	  	 License Agreements, Computer Software Programs and Databases Used or Held for Use in the Business

	 Schedule 1.1(h)
	  	 Permits/Rights Under Easement Agreements

	 Schedule 1.2
	  	 Excluded Assets

	 Schedule 1.5(b)
	  	 Seller’s Bank Account

	 Schedule 1.8
	  	 Allocation of Purchase Price

	 Schedule 3.4
	  	 Seller Litigation and Claims and Seller’s Knowledge

	 Schedule 3.7
	  	 Exceptions to Valid Title to Purchased Assets

	 Schedule 4.3(b)
	  	 Buyer Consents and Approvals

	 Schedule 4.5
	  	 Buyer Litigation and Claims and Buyer’s Knowledge

	 Schedule 5.7
	  	 Required Seller’s Consents and Approvals

  

 iv 

 ASSET PURCHASE AND SALE AGREEMENT 
  
 THIS ASSET PURCHASE AND SALE AGREEMENT (the “Agreement”) is
made and entered into as of June 10, 2005, by and among TPS DELL, LLC, a Delaware limited liability company, (the “Seller”) and ASSOCIATED ELECTRIC COOPERATIVE, INC., a Missouri Electric Cooperative organized and existing under the laws of
the State of Missouri (the “Buyer”). All Schedules and Exhibits referenced in this Agreement are attached hereto and incorporated herein by reference. For the purposes of this Agreement, the Seller and the Buyer are sometimes referred to
individually as a “Party,” and collectively as the “Parties.” 
  
 WITNESSETH: 
  
 WHEREAS,
Seller is the owner of certain assets and real property used or held for use by Seller in connection with the construction of a combined cycle generating facility located in Dell, Arkansas (the “Dell Power Plant”); 
  
 WHEREAS, Seller, prior to the completion of construction, has suspended all
construction activities of the Dell Power Plant; 
  
 WHEREAS,
Buyer and its professional advisors have inspected and evaluated the assets and real property of the Seller; and 
  
 WHEREAS, Seller desires to sell to the Buyer, and the Buyer desires to purchase from the Seller, ON AN AS IS WHERE IS WITH ALL FAULTS BASIS, such assets,
free of all liabilities and encumbrances except those set out herein, subject to the terms and conditions described in this Agreement. 
  
 NOW, THEREFORE, in consideration for the mutual promises and conditions contained herein, and such other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the Parties agree as follows: 
  
 ARTICLE I 
 PURCHASE AND SALE 
  

Section 1.1 Sale and Purchase of Assets and Real Property. Upon the terms and subject to the conditions of this Agreement, at the Closing (as
defined below) the Seller will sell, convey, assign, transfer and deliver to the Buyer, and the Buyer will purchase, acquire, accept and assume from the Seller, all right, title and interest of the Seller in and to all the assets, properties, rights
and claims of the Seller, as listed herein (except as otherwise expressly set forth in Section 1.2 below), whether tangible or intangible, as the same shall exist at the Closing, free and clear of all Liens (as defined below) other than the
Permitted Liens (as defined below) (collectively, the “Purchased Assets”). The Purchased Assets include, all right, title and interest of the Seller in and to the assets, properties, rights, contractual rights and claims in clauses (a)
through (i) below: 
  
 (a) Subject to Permitted Liens marketable
title to the fee interest in the real property upon which the Dell Power Plant is sited subject to easements and other restrictions of record or that an inspection or survey would reveal. In addition Seller will assign to Buyer by quitclaim deed its
interest in all easements ( the “Easements”) and other interests in real property related to the Dell Power Plant, as described in Schedule 1.1(a) (the “Real Property”); 
  

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 (b) the electric generating equipment and all parts, records and inventory associated therewith currently
located at the Dell Power Plant, as described on Schedule 1.1(b); 
  
 (c) the computer equipment, servers, routers, communication and office equipment, furnishings, and other tangible personal property owned or leased by the Seller, currently located at the Dell Power Plant, as described on Schedule 1.1(c);

  
 (d) to the extent transferable, the Intellectual Property (as
defined below) identified in Schedule 1.1(d), the rights to sue for, and remedies against, present and future infringements thereof, and the rights of priority and protection of interest therein under applicable laws. For purposes hereof, the term
“Intellectual Property” means all (i) patents and patent applications (including reissues, divisions, continuations-in-part), (ii) trademarks, trade names, service marks, trade dress and logos and registrations and applications for
registration thereof (including the Marks), (iii) copyrights and registration thereof, and (iv) licenses of any of the foregoing. 
  
 (e) to the extent transferable, the rights and incidents of interest in and to all contracts and agreements and legally binding contractual rights of the
Seller, whether written or oral, listed on Schedule 1.1(e) (collectively, the “Assumed Contracts”) 
  
 (f) other than as described on Schedule 1.2, all claims or causes of actions relating to the Purchased Assets and any counterclaims, set-offs or defenses
the Seller may have with respect to the Assumed Liabilities (as defined below); 
  
 (g) to the extent transferable, the license agreements (not covered within the definition of Intellectual Property), computer software programs and databases used or held for use at the Dell Power Plant (except for
those which are Excluded Assets) listed on Schedule 1.1(g); 
  
 (h) to the extent transferable, the permits, rights under the Easements, licenses, certificates, consents, approvals, waivers, authorizations and registrations issued to or held by the Seller in connection with the Dell Power Plant or with
the Seller’s ownership or use of the Purchased Assets listed on Schedule 1.1(h), attached hereto (the “Permits”); 
  
 (i) all records, documents, books, contacts, supplier lists, work orders and purchase and change orders relating to ownership of the Purchased Assets
(collectively, “Business Records”); (except to the extent relating to Excluded Assets and Excluded Contracts); provided, however, that to the extent any Business Records relate to both Purchased Assets and Excluded Assets, the Seller shall
retain such Business Records. Notwithstanding the foregoing, Seller will furnish Buyer with copies of Business Records related to both Purchased Assets and Excluded Assets as Buyer may reasonably request and at Buyer’s expense. 
  
 Section 1.2 Excluded Assets. All other assets and interests of the
Seller particularly described in Schedule 1.2 shall be deemed to be part of the “Excluded Assets.” 
  
 Section 1.3 Assumption of Liabilities. Upon the terms and subject to the conditions of this Agreement, at the Closing, the Seller will assign and
transfer to the Buyer, and the Buyer will accept and assume, and agree to pay, perform, discharge and satisfy, as and when due, and hold Seller harmless from same, only the following obligations and liabilities of the Seller and no others
(collectively, the “Assumed Liabilities”): 
  

 2 

 (a) all executory obligations (and contractual liabilities relating thereto) of the Seller under the
Assumed Contracts to the extent set forth therein or implied by operation of law that become performable on or after the Closing Date (as defined below); 
  
 (b) except as otherwise provided herein, all liabilities and obligations for Taxes related to the Purchased Assets, but solely to the extent attributable
to periods on or after the Closing Date; and 
  
 (c) all other
obligations and liabilities relating to the ownership or operation of the Purchased Assets by the Buyer or conduct of business by Buyer that arise out of or relate to an event, act or circumstance occurring on or after the Closing Date. 

 
 Section 1.4 Excluded Liabilities. Notwithstanding Section 1.3
above, the Assumed Liabilities shall not include, and the Buyer will not assume, directly or indirectly any liability of Seller whatsoever unless otherwise agreed to, and no such assumption of liability of Seller shall accrue to Buyer by operation
of law or otherwise, or be otherwise obligated to pay, perform, discharge or satisfy, any of the following liabilities or obligations (collectively, the “Excluded Liabilities”): 
  
 (a) any liabilities or obligations of the Seller that the Buyer has not
agreed to assume, including, without limitation, any contingent or unliquidated liabilities of the Seller; 
  
 (b) any liabilities or obligations of the Seller in respect of any Excluded Assets or other assets of the Seller that are not Purchased Assets;

  
 (c) any liabilities or obligations of the Seller under this
Agreement or any agreement executed in connection herewith; and 
  
 (d) except as otherwise provided herein, any liability or obligation for Taxes (including Seller’s state franchise and income Taxes) relating to the Purchased Assets attributable to any period prior to the Closing Date. 
  
 Section 1.5 Assumed Contracts. Buyer is only assuming those contracts
expressly listed in Schedule 1.1(e) attached to this Agreement as Assumed Contracts. Buyer assumes any and all rights, obligations, and liabilities associated with the Assumed Contracts. 
  
 Section 1.6 Excluded Contracts. Any contracts not expressly assumed by Buyer and not listed in Schedule 1.1(e) as
Assumed Contracts (collectively, the “Excluded Contracts”), remain the responsibility of Seller and any and all rights, obligations, and liabilities associated with the Excluded Contracts are not assumed by Buyer. 
  
 Section 1.7 Purchase Price. 
  
 (a) Subject to the terms of this Agreement and in reliance on the
representations and warranties of Seller contained herein, the purchase price for the Purchased Assets shall be Seventy-five Million Dollars ($75,000,000.00) (the “Purchase Price”), as allocated on Schedule 1.8. 
  
 (b) On the Closing Date (as hereinafter defined), the Buyer shall pay to the
Seller the Purchase Price by means of a wire transfer of immediately available U. S. funds to the account designated by the Seller in Schedule 1.7(b). At any time prior to the Closing Date, Seller shall have the right to change such account
designation by providing written notice thereof to Buyer. 
  

 3 

 Section 1.8 Allocation of Purchase Price. The Buyer and the Seller acknowledge that pursuant to
Section 1060(a) of the Internal Revenue Code of 1986, as amended (the “Code”), to the extent the transactions contemplated by this Agreement constitute an applicable asset acquisition (as defined in Section 1060(c) of the Code), the Seller
and the Buyer have agreed in writing to the allocation of the total consideration hereunder (including the Assumed Liabilities) among the Purchased Assets. The Buyer and the Seller shall file or cause to be filed IRS Form 8594 (Asset Acquisition
Statement) for its taxable year that includes the Closing Date in a manner consistent with the allocation set forth on Schedule 1.8 (as so adjusted) and, except as set forth below relating to a revised allocation statement, shall not take any
position on any Tax Return (as defined in Section 3.9) inconsistent with the allocation so provided. In the event that any adjustment is required to be made to the asset allocation set forth on Schedule 1.8 as a result of any purchase price
adjustment for the Purchased Assets (including the Assumed Liabilities) or otherwise, the Parties agree to consult in good faith on such adjustment. The Seller and the Buyer further agree not to take any tax position inconsistent with such
allocation in connection with (i) any examination of their respective Tax Returns or any refund claims; or (ii) any litigation, investigations or other proceedings involving any of their respective Tax Returns. 
  
 Section 1.9 Allocation of Taxes. Any sales, use, gross receipts,
documentary, stamp, transfer or similar taxes that arise from and are due and payable in connection with or as a result of the consummation of the transactions contemplated by this Agreement shall be borne by the Buyer. The Buyer and the Seller
shall cooperate to obtain and timely deliver any resale certificates or other certificates or similar documents available to receive an exemption from or relief under any such tax, and in the preparation and filing of any tax returns or other
documentation required to be filed with respect to any such tax. In the event that any taxing authority determines that any such tax due is deficient, the deficient tax due, and any interest or penalty related thereto, shall be split equally between
the Buyer and the Seller. All filing and recording fees for any instruments associated with the consummation of the transactions contemplated by this Agreement shall be borne by the Buyer. Any sales, use, gross receipts, documentary, recording,
stamp, transfer or similar taxes that are due and payable as a result of the ownership and operation of the Purchased Assets prior to the Closing Date shall be the sole and exclusive obligation and responsibility of, and shall be paid by, the
Seller. All ad valorem, property and similar taxes for the year on the Purchased Assets in which the Closing occurs relating to the Purchased Assets shall be pro-rated between the Buyer and the Seller as of the Closing Date based upon the ratio of
the number of days in the applicable taxable year prior to (in the case of the Seller) or on or after (in the case of the Buyer) the Closing Date over the total number of days in such applicable year. If the Closing shall occur before such actual
taxes for the then current year are known, the apportionment of the taxes shall initially be calculated upon the basis of taxes for the Purchased Assets for the immediately preceding year; provided, that if the taxes for the current year are
thereafter determined to be more or less than the taxes for the preceding year (after any appeal of such taxes is concluded), the Buyer and the Seller shall promptly adjust the proration of such taxes accordingly, and the Buyer or the Seller, as
applicable, shall pay to the other Party any amount required as a result of the adjustment. All special taxes or assessments prior to the end of the applicable taxable year in which the Closing occurs on the Purchased Assets shall be pro-rated as
set forth in this Section 1.9. The Seller shall be entitled to any refunds or credits of taxes paid with respect to the Purchased Assets to the extent attributable to the period on or before the Closing Date, and the Buyer shall be entitled to any
refunds or credits of taxes paid with respect to the Purchased Assets to the extent attributable to the period on or after the Closing Date. Any Party which appropriately pays any taxes, which are the obligation or responsibility of the other Party,
shall be entitled to prompt reimbursement upon evidence of payment. 
  

 4 

 ARTICLE II 
 CLOSING 
  
 Section 2.1
Execution of Asset Purchase and Sale Agreement. The execution of this Agreement by the Buyer and Seller shall occur no later than June 10, 2005, or at such other time as the Seller and the Buyer shall agree (“Execution Date”).

  
 Section 2.2 Closing. The purchase and sale of the
Purchased Assets pursuant to this Agreement (the “Closing”) shall be consummated at the offices of TPS Dell, LLC, 702 N. Franklin Street, Plaza 9, Tampa, Florida 33601, no more than three (3) Business Days following satisfaction, or waiver
in the waiving Party’s sole discretion, of the conditions to closing set forth in Articles VI and VII of this Agreement, but in no event later than August 15, 2005, or at such other time and place as the Seller and the Buyer shall
agree (the “Closing Date”). 
  
 Section 2.3 The
Seller’s Deliveries. At Closing, the Seller shall: 
  
 (a) deliver to Buyer the Special Warranty Deed and Quitclaim Deed substantially in the form of Exhibit “A” and Exhibit “B” attached hereto; 
  
 (b) join with the Buyer in the execution and acknowledgment of and deliver to Buyer a Bill of Sale and the Assignment and
Assumption Agreement (collectively, the “Conveyance Documents”) each in substantially the form of Exhibits “C and D” attached hereto; 
  
 (c) deliver to the Buyer possession and occupancy of the Real Property; 
  
 (d) deliver to the Buyer a duly executed closing certificate in substantially the form of Exhibit “E” hereto,
executed by a duly authorized officer of Seller, certifying as to the matters set forth therein; 
  
 (e) deliver to the Buyer a good standing certificate regarding Seller dated no earlier than ten (10) Business Days (as defined below) prior to the Closing
Date from the office of the Secretary of State of the state of organization of Seller and other jurisdictions, if any, in which Seller is qualified to do business; 
  
 (f) deliver to the Buyer (or cause to be present at the Dell Power Plant) the Business Records relating to the Purchased
Assets pursuant to Section 1.1(i) no later than ten (10) Business Days after the Closing Date; 
  
 (g) deliver to the Buyer physical possession of the Purchased Assets that are personal property; and 
  
 (h) execute and deliver any other agreements, documents, certificates or other instruments in a form reasonably satisfactory to Seller which are
reasonably necessary to consummate the transactions contemplated by this Agreement and reasonably requested by the Buyer. 
  
 Section 2.4 The Buyer’s Deliveries. At Closing, the Buyer shall: 
  
 (a) pay to Seller the Purchase Price as set forth in Section 1.7; 
  
 (b) execute and deliver the Conveyance Documents; 
  

 5 

 (c) deliver to the Seller a duly executed closing certificate in substantially the form of Exhibit
“F” hereto, executed by a duly authorized officer of the Buyer, certifying as to the matters set forth therein; 
  
 (d) deliver to the Seller a good standing certificate regarding the Buyer dated no earlier than three (3) Business Days (as defined below) prior to the
Closing Date from the office of the Secretary of State of the state of incorporation of the Buyer and other jurisdictions, if any, in which the Buyer is qualified to do business; and 
  
 (e) execute and deliver any other agreements, documents, certificates or other instruments reasonably necessary to
consummate the transactions contemplated by this Agreement and reasonably requested by the Seller. 
  
 Section 2.5 Closing Costs. The Seller shall pay the fees of any counsel representing it in connection with this transaction. The Buyer shall (a)
pay the fees of any counsel representing the Buyer in connection with this transaction and (b) the cost of all inspections, tests and due diligence conducted by the Buyer or the Buyer’s representatives. Except to the extent otherwise
specifically set forth in this Agreement, all other costs and expenses incident to this transaction and the closing thereof shall be paid by the Party incurring same. 
  
 Section 2.6 Risk of Loss. The risk of loss, casualty, damage, impairment, confiscation, or condemnation of the
Purchased Assets, or any part thereof, regardless of the cause, shall be on Seller until the Closing Date, unless such loss, casualty, damage, impairment, confiscation or condemnation of the Purchased Assets is caused by Buyer, in which case the
risk of loss shall be borne by Buyer. However, if there is any loss, casualty, damage, impairment, confiscation, or condemnation of the Purchased Assets or any part thereof not caused by Buyer and in an amount or value of greater than ten percent
(10%) of the Purchase Price, then Buyer shall have the option of canceling or enforcing this Agreement. If Buyer chooses to enforce this Agreement, Buyer shall be entitled to proceeds of, or any claim for any loss payable under Seller’s
insurance policy, judgment or award from any insurance covering the damaged Purchased Assets and continue to perform under this Agreement. Further, if a third-party (other than Buyer) caused the loss, casualty, damage, impairment, confiscation, or
condemnation to the Purchased Assets, Buyer, if it enforces this Agreement, is entitled to any claims for damage against said third-party. 
  
 ARTICLE III 
 REPRESENTATIONS AND
WARRANTIES OF THE SELLER 
  
 Seller represents and warrants to
the Buyer as of the date hereof and as of the Closing Date that, except as set forth on the disclosure schedule delivered to the Buyer on the date hereof (the “Seller’s Disclosure Schedule”): 
  
 Section 3.1 Organization and Good Standing of the Seller. Seller is a
limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware, with full power, right and authority to own and lease the properties and assets it currently owns and leases and to carry on its
business as such business is currently being conducted. Seller is duly qualified or licensed to do business as a foreign corporation in jurisdictions wherein the nature of its activities or of its properties owned or leased makes such qualification
necessary and where the failure to be so qualified or licensed would reasonably be expected to result in a material adverse affect upon the assets, properties, business, results of operations, financial condition or prospects of the Purchased
Assets, individually or in the aggregate, or upon consummation of the transactions contemplated herein (a “Material Adverse Effect”). 
  

 6 

 Section 3.2 Authorization. Seller has the power and authority to execute and deliver this
Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized
by all requisite corporate action on the part of Seller. This Agreement has been duly executed and each of the agreements attached as an exhibit hereto (collectively, the “Ancillary Agreements”) will be duly executed and delivered by
Seller at the Closing and, assuming this Agreement has been duly authorized, executed and delivered by the Buyer and the Ancillary Agreements will be duly executed and delivered by the Buyer at the Closing, constitute valid and binding agreements of
Seller in accordance with their terms, except that (a) such enforcement may be subject to any bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other laws, now or hereafter in effect, relating to or limited to
creditors’ rights generally, and (b) enforcement of this Agreement, including, among other things, the remedy of specific performance and injunctive and other forms of equitable relief, may be subject to equitable defenses and to the discretion
of the court before which any proceeding therefor may be brought. 
  
 Section 3.3 Consents and Approvals; No Violations. Neither the execution and delivery of this Agreement nor the execution and delivery of the Ancillary Agreements by the Seller at the Closing nor the consummation by the Seller of the
transactions contemplated hereby or thereby will (a) violate or result in any breach of any provision of the by-laws or similar governing documents of Seller, (b) result in the violation or breach of, or constitute (with or without due notice or
lapse of time or both) a default (or give rise to any right of termination, cancellation or acceleration) under, or require any consent under, (except as may be set forth elsewhere herein), any indenture, license, contract, agreement or other
instrument or obligation relating to the Purchased Assets to which Seller is a party or by which any of the Purchased Assets is bound, except for such violations or breaches as would not reasonably be expected to have a Material Adverse Effect, or
(c) violate any statute, rule, regulation, ordinance, order, decision or decree of any Governmental Entity (including, without limitation, any such law, rule, regulation, ordinance, order, decision or decree concerning the conservation of natural
resources) (collectively, “Laws” and, individually, a “Law”) applicable to the Seller and relating to the Purchased Assets, except for such violations as would not reasonably be expected to have a Material Adverse Effect. For the
purposes hereof, “Governmental Entity” means any national, federal, regional, state, local or other governmental agency, authority, administrative agency, regulatory body, commission, instrumentality, court, or arbitral tribunal, including
any multinational authority having governmental or quasi-governmental powers. 
  
 Section 3.4 Litigation and Claims. Except as disclosed on Schedule 3.4, no claim, demand, filing, hearing, notice of violation, proceeding, notice or demand letter, administrative proceeding, civil, criminal or
other action, suit or other legal proceeding is pending, or to the Seller’s knowledge, threatened against Seller relating to or resulting from or affecting the ownership or operation of the Purchased Assets or that would reasonably be expected
to result in (i) a material diminution in the Seller’s ability to perform its obligations and consummate the transactions contemplated hereby, or (ii) a material claim against Buyer or any of their Affiliates for damages as a result of the
Seller entering into this Agreement or any of the Ancillary Agreements or consummation of the transactions contemplated hereby and thereby. Except as disclosed on Schedule 3.4, no notice from any Governmental Entity or any other person has been
received by the Seller as to any claim, demand, filing, hearing, notice of violation, proceeding, notice or demand letter, administrative proceeding, action, civil, criminal or other suit or other legal proceeding against the Seller claiming any
violation of any Law or claiming against the Seller any breach of any contract or agreement with any third party that would reasonably be expected to result in a material diminution in the Seller’s ability to perform its obligations and
consummate the transactions contemplated hereby. “Seller’s Knowledge” shall mean the actual knowledge, after reasonable inquiry, of those individuals identified on Schedule 3.4. 
  

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 Section 3.5 Compliance With Laws. The activities and operations of the Seller relating to the
Purchased Assets have been and are currently being conducted in all material respects in compliance with all Laws applicable to the Seller and related to the Purchased Assets or by which the Purchased Assets are bound. Notwithstanding the foregoing,
Seller makes no representation or warranty regarding compliance with laws to the extent the Purchased Assets are operating as a gas-fired, combined cycle generating facility. 
  
 Section 3.6 Tax Matters. 
  
 (a) No Taxes of the Seller or any member of an affiliated group are due or will become due to any state or other taxing authority for which Buyer could
have liability except as otherwise specifically provided in this Agreement. 
  
 (b) Neither Seller nor any member of an affiliated group of which the Seller is or was a member has received notice of any deficiency or assessment from any federal, state or local authority with respect to any
liability for Taxes attributable to the Purchased Assets. No administrative, judicial or other proceeding is presently pending with respect to any Taxes attributable to the Purchased Assets or Tax Returns of the Seller or any member of an affiliated
group of which the Seller are or was a member or otherwise which relate to such Taxes attributable to the Purchased Assets. 
  
 (c) There are no liens for Taxes upon the Purchased Assets, except for liens for Taxes not yet due. 
  
 (d) None of the Purchased Assets transferred pursuant to this Agreement is
property that the Seller or any party to the transactions contemplated hereby is or will be required to treat as being owned by another person pursuant to the provisions of Section 168(f) of the Code (as in effect prior to the amendment by the Tax
Reform Act of 1986) or is “tax-exempt use property” within the meaning of Section 168 of the Code. 
  
 The term “Taxes” shall mean any income, transfer, gains, gross receipts, excise, inventory, property (real, personal or intangible), sales, use,
license, withholding, payroll, employment, capital stock and franchise or other similar taxes, imposed by the United States, or any state, local or foreign government or subdivision or agency thereof, whether computed on a consolidated, unitary,
combined or any other basis, and including any interests, penalties, or additional tax related thereto, but excluding transfer Taxes. The term “Tax Return” shall mean any return, declaration, report, claim for refund, or information return
or statement relating to Taxes, including any schedule or attachment thereto. 
  
 Section 3.7 Title to Purchased Assets. Except as set forth in Schedule 3.7 and except for the Easements, Seller has good, valid and marketable title to the Purchased Assets, free and clear of any lien,
mortgage, pledge, hypothecation, right of others, claim, security interest, encumbrance, lease, sublease, license, interest, option, charge or other restriction or limitation of any nature whatsoever (a “Lien”) other than Permitted Liens
(as defined below). The delivery to the Buyer of the Conveyance Documents of ownership contemplated by this Agreement will vest the Buyer with all of the Seller’s ownership or leasehold interest in each of the Purchased Assets. For purposes of
this Agreement, the term “Permitted Liens” means; (a) Liens for current Taxes not yet due and payable; (b) any easement or restriction on the Real Property; (c) any state of facts shown on a survey of the Real Property; (d) those matters
specifically set forth on Schedule 3.7; (e) all laws, ordinances, rules and regulations of Governmental Authority having jurisdiction over the Purchased Assets, as the same may now exist or may be hereafter modified, supplemented or promulgated; (f)
all presently existing and future liens of real estate taxes or assessments and water rates, water meter charges, water frontage charges and sewer taxes, rents and charges, if any, provided that such items are not yet due and payable and are
apportioned as provided in this Agreement; 
  

 8 

 (g) all violations of laws, ordinances, orders, requirements or regulations of any Governmental Authority, applicable to
the Property whether or not noted in the records of or issued by, any Governmental Authority, existing on the Closing Date; (h) minor variations between the tax lot lines and the description of the Real Property set forth on Exhibit A or Exhibit B;
and (i) all utility easements of record. 
  
 Section 3.8
Disclosure Schedule. Notwithstanding anything above to the contrary, although any portion of the Seller’s Disclosure Schedule may specifically refer to the section of this Agreement to which the disclosure information set forth therein is
responsive, all information shall be deemed to have been disclosed with respect to every representation and warranty to which its relevance is reasonably applicable from the context, regardless of the individual section to which a section of the
Seller’s Disclosure Schedule actually refers. All capitalized terms used in the Seller’s Disclosure Schedule and not otherwise defined therein shall have the same meanings as are ascribed to such terms in this Agreement. 
  
 Section 3.9 Disclaimer of Representations and Warranties. EXCEPT AS
SPECIFICALLY PROVIDED IN THIS ARTICLE III, NEITHER THE SELLER NOR ANY OF ITS AGENTS, ATTORNEYS OR AFFILIATES MAKE ANY EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER WITH REGARD TO THE PURCHASED ASSETS. WITHOUT LIMITING THE
GENERALITY OF THE FOREGOING, BUYER UNDERSTANDS AND AGREES THAT THE SELLER EXPRESSLY DISCLAIMS ANY REPRESENTATIONS AND WARRANTIES WITH REGARD TO LIABILITIES, OPERATION OF THE PURCHASED ASSETS, INCLUDING THE CONDITION, VALUE, QUALITY AND PROSPECTS OF
THE PURCHASED ASSETS, CONDITION (FINANCIAL OR OTHERWISE), OR PROSPECTS OF SELLER AND ITS AFFILIATES, RISKS ASSOCIATED WITH THE PURCHASED ASSETS AND ANY REPRESENTATION OR WARRANTY OF MERCHANTABILITY, USAGE, SUITABILITY OR FITNESS FOR ANY PARTICULAR
PURPOSE WITH RESPECT TO THE PURCHASED ASSETS AND THE OR ANY PART THEREOF. 
  
 Section 3.10 Purchased Assets 
  
 (a) Seller warrants that the equipment, spare parts and other materials listed on Schedule 3.10 shall be delivered by Seller to the Dell Power Plant no later than twelve (12) months after the date hereof. If the equipment, spare parts and
other materials listed in schedule 3.10 have not been delivered by Seller to the Dell Power Plant within twelve (12) months from the date hereof, then Seller will, at its expense, replace the same with materials of equal quality. 
  
 (b) Other than the equipment, spare parts and other materials listed on
Schedule 3.10 as set forth above, Buyer hereby acknowledges and agrees that as of the date hereof all of the Purchased Assets are present (on an as is, where is and with all faults basis) at the Dell Power Plant or are otherwise accounted for and
Buyer further waives any right it may have now or in the future to make any claims against Seller, or any of Seller’s affiliates, that any of the Purchased Assets, or portions thereof, are missing or have been removed from the Dell Power Plant
or are otherwise unaccounted for. 
  
  

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 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES OF THE BUYER 
  
 The Buyer represents and warrants to the Seller as of the date hereof and as of the Closing Date that, except as set forth on the disclosure schedule delivered to the Seller on the date hereof (the “Buyer
Disclosure Schedule”): 
  
 Section 4.1 Organization and
Good Standing. The Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Missouri, with full corporate power, right and authority to own and lease the properties and assets it currently owns
and leases and to carry on its business as such business is currently being conducted and to purchase the Purchased Assets and otherwise consummate the transactions contemplated by this Agreement and the Ancillary Agreements. 
  
 Section 4.2 Authorization of Agreement. This Agreement has been duly
executed and delivered by the Buyer. The Buyer has the full corporate power and authority to enter into this Agreement, and the other agreements and instruments to be executed and delivered by the Buyer at the Closing in connection with the
transactions contemplated hereunder, to make the representations, warranties, covenants and agreements made herein and to consummate the transactions and perform its obligations contemplated hereby and thereby. The execution, delivery and
performance of this Agreement and the other agreements and instruments to be executed and delivered by the Buyer at the Closing in connection with the transactions contemplated hereunder and the consummation of the transactions contemplated hereby
have been duly and validly authorized by all requisite corporate action on the part of the Buyer. 
  
 Section 4.3 No Conflict; No Consents or Approvals. 
  
 (a) The execution and delivery of this Agreement and the Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby do
not and will not (x) violate or result in a breach of any provision of the articles of incorporation, bylaws or similar governing documents of the Buyer, (y) violate any law, rule, regulation, ordinance, order, writ, injunction, judgment or decree
applicable to the Buyer or by which any of its properties or assets may be bound or affected, or (z) violate, effect acceleration of, or result in termination, cancellation or modification of any agreement, indenture, instrument, permit, license,
lease, contract or other undertaking to which the Buyer is a party or by which the Buyer or its assets are bound. 
  
 (b) Except as described on Schedule 4.3(b), the Buyer is not required to submit any notice, report or other filing with, or obtain any waiver, consent,
approval or authorization of, (i) any Governmental Entity, or (ii) any person or entity other than a Governmental Entity, in connection with the execution, delivery or performance of this Agreement by the Buyer and the consummation of the
transactions contemplated hereby. 
  
 Section 4.4
Enforceability. This Agreement constitutes the valid and binding obligation of the Buyer enforceable against the Buyer in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and other similar laws
affecting creditor’s rights generally and general principles of equity. 
  
 Section 4.5 Litigation and Claims. Except as disclosed on Schedule 4.5, no claim, demand, filing, hearing, notice of violation, proceeding, notice or demand letter, administrative proceeding, civil, criminal or
other suit or other legal proceeding is pending or, to the Buyer’s Knowledge, threatened against the Buyer that would reasonably be expected to result in (i) a material diminution in the Buyer’s ability to perform its obligations and
consummate the transactions contemplated hereby, or (ii) a claim against Seller or any of their Affiliates for damages as a result of the Buyer entering into this Agreement or any of the Ancillary Agreements or consummation of the transactions
contemplated hereby and thereby. Except as disclosed on Schedule 4.5, no notice from any Governmental Entity or any other person has been received by the Buyer as to any claim, demand, filing, hearing, notice of violation, proceeding, notice or
demand letter, administrative proceeding, action, civil, criminal or other suit or other legal proceeding against the Buyer claiming any violation of any Law or claiming against the Buyer any breach of any contract or agreement with any third party
that would reasonably be expected to result 
  

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 in a material diminution in the Buyer’s ability to perform its obligations and consummate the transactions
contemplated hereby. “Buyer’s Knowledge” shall mean the actual knowledge, after reasonable inquiry of those individuals identified in Schedule 4.5. 
  
 Section 4.6 Due Diligence. Buyer has completed its due diligence review of the Seller and the Purchased Assets, and
such investigation is satisfactory to the Buyer in its sole discretion. 
  
 Section 4.7 Brokers. The Buyer has not employed, directly or indirectly for its benefit, any broker or finder or incurred any liability for any financial advisory fees, brokerage fees, commissions or finders’ fees, and no broker
or finder has acted directly or indirectly for the Buyer in connection with this Agreement or the transactions contemplated by this Agreement. 
  
 ARTICLE V 
 COVENANTS 

 
 Section 5.1 General. The Buyer and the Seller will each use their
respective reasonable efforts to take all actions and to do all things necessary or advisable (determined in that Party’s reasonable discretion) in order to consummate and make effective the purchase and sale of the Purchased Assets
contemplated by this Agreement, including satisfaction of the closing conditions. 
  
 Section 5.2 GENERAL DISCLAIMER. THE BUYER AND SELLER AGREE THAT THE SALE OF THE PURCHASED ASSETS HEREUNDER IS AND WILL BE MADE ON AN “AS IS”, “WHERE IS,” AND
“WITH ALL FAULTS” BASIS, AND, EXCEPT AS EXPRESSLY SET FORTH IN ARTICLE III ABOVE, WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE, EXPRESS, IMPLIED OR OTHERWISE, INCLUDING ANY REPRESENTATION OR WARRANTY CONCERNING THE
PHYSICAL CONDITION OF THE PURCHASED ASSETS (INCLUDING THE CONDITION OF THE SOIL), THE ENVIRONMENTAL CONDITION OF THE PURCHASED ASSETS (INCLUDING THE PRESENCE OR ABSENCE OF HAZARDOUS SUBSTANCES ON OR AFFECTING THE PURCHASED ASSETS), THE COMPLIANCE OF
THE REAL PROPERTY WITH APPLICABLE LAWS AND REGULATIONS (INCLUDING ZONING AND BUILDING CODES OR THE STATUS OF DEVELOPMENT OR USE RIGHTS RESPECTING ANY OF THE PURCHASED ASSETS) OR ANY OTHER REPRESENTATION OR WARRANTY RESPECTING ANY INCOME, EXPENSES,
CHARGES, LIENS OR ENCUMBRANCES, RIGHTS OR CLAIMS ON, AFFECTING OR PERTAINING TO THE PURCHASED ASSETS OR ANY PART THEREOF. THE BUYER AGREES THAT IT IS ACQUIRING THE PROPERTY SOLELY ON THE BASIS OF ITS OWN PHYSICAL AND FINANCIAL EXAMINATIONS, REVIEWS
AND INSPECTIONS AND THE TITLE INSURANCE PROTECTION AFFORDED BY ANY TITLE INSURANCE THAT BUYER MAY PURCHASE. 
  
 Section 5.3 NO SALE OF BUSINESS. SELLER AND BUYER AGREE THAT THIS AGREEMENT CONSTITUTES A SALE OF THE PURCHASED ASSETS THAT
ARE LISTED HEREIN IN THIS AGREEMENT ONLY AND BY NO MEANS WHATSOEVER DOES THIS AGREEMENT CONSTITUTE A PURCHASE OR SALE OF SELLER’S BUSINESS OR ANY ONGOING BUSINESS. 
  

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 Section 5.4 Operation of the Purchased Assets Prior to the Closing Date. 
  
 Except with the prior written consent of the Buyer, from and after the date
hereof to the Closing Date: 
  
 (a) The Seller shall not sell,
transfer, dispose of or abandon any portion of the Purchased Assets other than in the ordinary course of business and consistent with past practices; 
  
 (b) The Seller shall not permit any of the Purchased Assets to become subject to any Lien, other than Permitted Liens without the written consent of
Buyer, such consent not to be unreasonably withheld; 
  
 (c) The
Seller shall not terminate, or make any modification or amendment that would reasonably be expected to materially decrease the value of the Assumed Contracts, or Permits, or waive or accelerate, or assign to any third party, any of its rights
thereunder; 
  
 (d) The Seller shall maintain and keep all
tangible Purchased Assets in a manner consistent with past practice (since the cessation of construction); and 
  
 (e) Subject to the other provisions hereof, Seller shall continue to maintain, and administer the Purchased Assets, or shall cause the Purchased Assets to
be maintained and administered, consistent with past practices (since the cessation of construction) and in substantial compliance with all applicable Laws and Permits and the requirements of this Agreement. 
  
 Section 5.5 Permits. The Seller agrees to make commercially reasonable
efforts to keep in full force and effect, and to make prompt application for Bill of Sale or transfer of, the Permits (effective with the conveyance of the Purchased Assets to the Buyer) to the Buyer. The Buyer shall cooperate with the Seller as may
be reasonably required in connection with the foregoing. 
  
 Section 5.6 Access. (a) On and prior to the Closing Date, the Seller will permit the Buyer’s officers, employees, agents and advisors to have reasonable access to the Purchased Assets, the physical and operational books and
records of the Purchased Assets (including Permit and compliance records) and to meet with the officers and employees of the Seller (so long as such access occurs during normal business hours and does not unreasonably interfere with the
Seller’s activities) for all purposes consistent with this Agreement (including the conduct of any environmental, safety or real property audit or inspection). The Buyer agrees to maintain the confidentiality of all such information. THE BUYER
AGREES TO INDEMNIFY, DEFEND AND HOLD THE SELLER HARMLESS FROM AND AGAINST ANY LOSS, LIABILITY, COST, DAMAGE OR EXPENSE (INCLUDING, WITHOUT LIMITATION, REASONABLE ATTORNEYS’ FEES, REASONABLE ACCOUNTANTS’ FEES, COURT COSTS AND INTEREST)
RESULTING FROM DEATH, PERSONAL INJURY OR DAMAGE TO PHYSICAL PROPERTY CAUSED BY THE NEGLIGENCE, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH PARTY IN CONNECTION WITH SUCH INSPECTION AND EXAMINATION, ALL IN ACCORDANCE WITH ARTICLE IX. THE
INDEMNIFICATION AND RESTORATION PROVISIONS OF THIS SECTION 5.6 SHALL SURVIVE THE TERMINATION OR EXPIRATION OF THIS AGREEMENT, AS IF THIS SECTION 5.6 WERE A SEPARATE AGREEMENT ENTERED INTO BY THE SELLER AND THE BUYER FOR GOOD AND VALUABLE
CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED AND CONFESSED BY THE SELLER AND THE BUYER. THE PARTIES AGREE THAT THIS SECTION CONSTITUTES A CONSPICUOUS LEGEND. 
  
 (b) In the event that no purchase occurs hereunder, Buyer shall restore any
physical damage caused by any inspection so that the physical condition of the items set forth in Section 5.6 (a) above is the same as existed prior to the exercise of Buyer’s inspection rights. 
  

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 Section 5.7 Seller’s Consents and Approvals. The Seller shall use commercially reasonable
efforts to obtain, in a timely manner, the consents and approvals as set forth in Schedule 5.7, but shall not be obligated to make any payment to any such party in consideration of any such consent. The Seller agrees to promptly notify the Buyer in
the event that the Seller is unable to obtain any such required consents or approvals. 
  
 Section 5.8 Notification of Developments. Each Party shall give prompt written notice to the other of any development of which they have knowledge prior to Closing which would alter, not be in compliance with,
or result in a breach of, any of the representations, warranties, covenants or agreements of such Party in this Agreement, including any Schedule or Exhibit hereto. No disclosure by a Party pursuant to this Section 5.8, however, shall be deemed to
amend or supplement any Schedule in this Agreement or to amend or cure any misrepresentation, breach of warranty, breach of covenant or breach of this Agreement. 
  
 Section 5.9 Proration of Payables and Receivables. 
  
 (a) The parties hereby acknowledge that (i) all accounts receivable, if any,
relating to goods or services provided by the Seller prior to the Closing Date, all security or other deposits made by the Seller which are not part of the Purchased Assets shall belong to the Seller (and shall be included in the Excluded Assets);
(ii) all accounts payable, if any, relating to goods or services received by the Seller prior to the Closing Date shall be the responsibility of the Seller (and shall be included in the Excluded Liabilities); (iii) all accounts receivable relating
to goods or services provided by the Buyer on or after the Closing Date shall be the Buyer’s accounts receivable (and shall be included in the Purchased Assets); and (iv) all accounts payable relating to goods or services received by the Buyer
on or after the Closing Date shall be the responsibility of the Buyer (and shall be included in the Assumed Liabilities). All accounts receivable and payable shall be prorated as of the Closing Date in accordance with this Section 5.9. To facilitate
the proration of such accounts receivable and payable, the Parties agree to use their commercially reasonable efforts and to share such billing and other information determined reasonably necessary to compute the prorated amounts of accounts
receivable and payable as of the Closing Date attributable to the Seller, on the one hand, and the Buyer, on the other hand. The Parties shall use their commercially reasonable efforts and agree to cooperate with each other to compute the pro-rated
amounts no later than sixty (60) days after the Closing Date. Once the prorated amounts have been computed, the Seller, on the one hand, and the Buyer, on the other hand, shall pay to each other the necessary amounts to prorate the accounts
receivable and payable as of the Closing Date. All such payments shall be made to the respective parties as soon as reasonably practicable, but no later than on or before sixty (60) days after final computation of the prorated amounts. 

 
 (b) To the extent that Buyer receives funds to which Seller is entitled,
Buyer shall promptly deliver such funds to Seller. To the extent that any Seller receives any funds to which Buyer is entitled, Seller shall promptly deliver such funds to Buyer. If any Party pays any account payable that is properly borne by
another Party, the Party responsible for such account payable shall promptly reimburse the Party who made such payment. The obligations of Buyer and Seller hereunder shall be performed without any right of counterclaim or setoff. 
  
 Section 5.10 Preservation of Books and Records. For a period of not
less than seven (7) years from the Closing Date, unless otherwise required by applicable statute or law, each of the Parties hereto will preserve and maintain, and will cause its Affiliates or designees to preserve and maintain, the Business Records
in its possession relating to the Purchased Assets and will make such books and records available to each other upon reasonable notice at reasonable times during regular office hours, it being understood that the Parties shall be entitled to make
copies of any such books and records, at their own expense, as they shall deem necessary for purposes of making such books and records available to appropriate taxing authorities or for any other proper corporate purposes that are not inconsistent
with the representations, warranties and covenants contained herein. 
  

 13 

 Section 5.11 Buyer’s Consents and Approvals. Buyer shall use commercially reasonable efforts
to obtain, in a timely manner, the consents and approvals as set forth in Schedule 4.3(b). The Buyer shall promptly notify the Seller in the event that the Buyer is unable to obtain, any such required consents or approvals. Notwithstanding the
foregoing, the Buyer shall submit all of the required documentation, in its entirety, to the Rural Utilities Service for approval of this Agreement no later than five (5) Business Days after the Execution Date. 
  
 ARTICLE VI 
 CONDITIONS TO OBLIGATIONS OF SELLER 
  
 The obligations of the Seller to be performed at Closing are subject to the fulfillment, before or at Closing, of each of the following conditions, each
of which may be waived by the Seller in its sole discretion, but only in writing: 
  
 Section 6.1 Representations and Warranties. The representations and warranties of the Buyer set forth in this Agreement that are qualified as to materiality shall be true and correct and each of such
representations and warranties that is not so qualified shall be true and correct, in all material respects, on the date of this Agreement and as of the Closing Date. 
  
 Section 6.2 Compliance. The Buyer shall have performed and complied in all material respects with each of the
covenants and conditions required by this Agreement of which performance or compliance is required prior to or at Closing. 
  
 Section 6.3 No Pending Suits. At the Closing Date, no suit, action or other proceeding shall be pending or noticed before any court or Governmental
Entity in which it is sought to restrain or prohibit the performance of or to obtain damages or other relief in connection with this Agreement or the consummation of the transactions contemplated by this Agreement or which might reasonably be
expected to result in claims for damages against the Seller as a result thereof. 
  
 Section 6.4 Ancillary Agreements. The Buyer shall have executed and delivered the Ancillary Agreements to which it is party. 
  
 Section 6.5 Proceedings and Documents. All corporate and other proceedings and actions taken in connection with the
transactions contemplated hereby and all certificates, opinions, agreements, instruments, and documents mentioned herein or incident to any such transaction shall be reasonably satisfactory in form and substance to the Seller and their counsel.

  
 Section 6.6 HSR Approval. The Parties shall have
received Hart Scott Rodino Antitrust Act approval either in writing by an early termination letter or by the passage of time without objection, and any other government or regulation approvals required to be obtained prior to Closing. 
  

 14 

 ARTICLE VII 
 CONDITIONS TO OBLIGATIONS OF THE BUYER 
  
 The obligations of the Buyer to be performed at Closing are subject to the fulfillment, before or at Closing, of each of the following conditions, each of which may be waived by the Buyer in its sole discretion, but
only in writing: 
  
 Section 7.1 Representations and
Warranties. The representations and warranties of the Seller under this Agreement that are qualified as to materiality shall be true and correct and each of such representations and warranties and documents and instruments that is so qualified
shall be true and correct, in all material respects, on the date of this Agreement and as of the Closing Date. 
  
 Section 7.2 Performance. The Seller shall have performed and complied in all material respects with each of the covenants and conditions required
by this Agreement to be performed or complied with by it at or prior to the Closing. 
  
 Section 7.3 No Pending Suits. At the Closing Date, no suit, action or other proceeding shall be pending or noticed before any court or Governmental Entity in which it is sought to restrain or prohibit the
performance of or to obtain damages or other relief in connection with this Agreement or the consummation of the transactions contemplated by this Agreement or which might reasonably be expected to result in claims for damages against the Buyer as a
result thereof. 
  
 Section 7.4 Consents, Renewals and
Approvals. By the Closing Date, the Seller shall have obtained or caused to be obtained those consents listed on Schedule 7.4 and all other consents for Assumed Contracts (if such consent is not waived by Buyer) which, individually or in the
aggregate, are material to the Business. 
  
 Section 7.5 RUS
Approvals. Buyer shall have received RUS approval either in writing or by the passage of time without objection. 
  
 Section 7.6 Proceedings and Documents. All corporate and other proceedings and actions taken in connection with the transactions contemplated
hereby and all certificates, opinions, agreements, instruments, and documents mentioned herein or incident to any such transaction shall be reasonably satisfactory in form and substance to the Buyer and its counsel. 
  
 Section 7.7 HSR Approval. The Parties shall have received Hart Scott
Rodino Antitrust Act approval either in writing by an early termination letter or by the passage of time without objection, and any other government or regulation approvals required to be obtained prior to Closing. 
  
 ARTICLE VIII 
 TERMINATION 
  
 Section 8.1 Termination At or Prior to Closing. Subject to the provisions of this Article VIII, this Agreement may, by the giving of written notice at or prior to the Closing by the Party having the right to give such notice, be
terminated and abandoned: 
  
 (a) By mutual
written consent of the Parties; 
  
 (b) By either Seller or Buyer
if a material default or breach shall be made by the other with respect to the due and timely performance of any of its representations, warranties, covenants and agreements contained herein, and such default is not promptly cured and has not been
waived; 
  
 (c) By the Buyer in the event that all consents listed
on Schedule 7.4 and all other consents for Assumed Contracts (if such consent is not waived by Buyer) which, individually or in the aggregate, are material to the Purchased Assets have not been received by the Closing Date; 
  

 15 

 (d) By the Buyer if all of the conditions set forth in Article VII shall not have been satisfied on or
before August 15, 2005, other than through failure of the Buyer to comply with its obligations hereunder, or shall not have been waived by it on or before such date; or by the Seller, if all of the conditions set forth in Article VI shall not have
been satisfied on or before August 15, 2005, other than through failure of the Seller to comply with their obligations hereunder, or shall not have been waived by it on or before such dates; 
  
 Section 8.2 Effect of Termination. In the event that Closing does not
occur as a result of either Party exercising its right to terminate pursuant to Section 8.1, then neither Party shall have any further rights or obligations under this Agreement, except that (i) nothing herein shall relieve either Party from any
liability for any willful breach hereof and (ii) each Party’s indemnification and confidentiality obligations under Section 5.6 and the provisions in Sections 8.2, 9.2, 9.3, 10.2 and 10.9 shall survive any such termination. 
  
 ARTICLE IX 
 INDEMNIFICATION 
  
 Section 9.1 Exclusive Remedy. Except as provided in Section 1.9 and except for intentional fraud, (a) Seller and Buyer acknowledge that the indemnification provisions contained in this Article IX shall be the
exclusive remedy of both Seller and Buyer for any money damages arising out of or in connection with this Agreement, and (b) such indemnification provisions are exclusive and in lieu of any and all other rights and remedies for money damages which
each of Seller, on the one hand, and the Buyer on the other hand, may have under this Agreement or under applicable Law with respect to any claim (including any Indemnifiable Claim), whether at common law or in equity. 
  
 Section 9.2 (a) Indemnification By the Buyer. The Buyer shall
indemnify, defend, and hold harmless the Seller, its officers, directors, employees, agents, representatives, affiliates, subsidiaries, successors and assigns (collectively, the “Seller Indemnitees”) from and against any and all payments,
charges, judgments, assessments, liabilities, obligations, claims, demands, actions, losses, damages, penalties or fines made or imposed against either of the Parties or any of the Seller Indemnitees by a third party, and any and all reasonable
costs and expenses paid or incurred by either of the Parties or any of the Seller Indemnitees (including reasonable attorneys’ fees, costs, fees of experts and any legal or other expenses reasonably incurred in connection therewith)
(“Liabilities”) arising out of: (i) the breach of any of the representations or warranties of the Buyer contained in Article IV of this Agreement; or (ii) the material breach of any covenants or agreements of the Buyer contained in this
Agreement; or (iii) the Assumed Liabilities; or (iv) the Assumed Contracts; or (v) any and all actions, suits, proceedings, claims, demands, assessments, judgments, reasonable costs and expenses, including, without limitation, reasonable legal fees
and expenses, incident to any of the foregoing, or in enforcing this indemnity provided, however that the Buyer shall have no obligation to indemnify any of the Seller Indemnitees (collectively “Seller Claims”) with respect to any matter
to the extent the Seller is indemnifying the Buyer with respect thereto pursuant to Section 9.3. 
  
 (b) The aggregate cumulative damages for which the Buyer shall be liable to Seller Indemnitees for Seller Claims shall not exceed five percent (5%) of the
Purchase Price. 
  
 Section 9.3 (a) Indemnification By
the Seller. The Seller shall indemnify, defend and hold harmless the Buyer, its officers, directors, employees, agents, representatives, affiliates, subsidiaries, successors and assigns (collectively, the “Buyer Indemnitees”) from and
against any and all payments, charges, judgments, assessments, liabilities, obligations, claims, demands, actions, losses, damages, penalties or fines made or imposed against either of the Parties or any of the Buyer Indemnitees by a third party,
and any and all reasonable costs and expenses paid or incurred by either of the Parties or any of the 
  

 16 

 Buyer Indemnitees (including reasonable attorneys’ fees, costs, fees of experts and any legal or other expenses
reasonably incurred in connection therewith) (“Liabilities”) arising out of: (i) the breach of any of the representations, warranties of the Seller contained in Article III of this Agreement; or (ii) the material breach of any covenants or
agreements of the Seller contained in this Agreement; or (iii) the Excluded Liabilities; or (iv) the Excluded Contracts; or (v) noncompliance with bulk sales laws or similar laws of any state or other jurisdiction or (vi) any and all actions, suits,
proceedings, claims, demands, assessments, judgments, reasonable costs and expenses, including, without limitation, reasonable legal fees and expenses, incident to any of the foregoing, or in enforcing this indemnity (collectively “Buyer
Claims”) provided, however that the Seller shall have no obligation to indemnify any of the Buyer Indemnitees with respect to any matter to the extent the Buyer is indemnifying the Seller with respect thereto pursuant to Section 9.2.

  
 (b) The aggregate cumulative damages for which the Seller
shall be liable to Buyer Indemnitees for Buyer Claims shall not exceed five percent (5%) of the Purchase Price. 
  
 Section 9.4 Limitation on Damages. Neither the Seller nor the Buyer shall be liable for any punitive, incidental, indirect, special, or
consequential damages resulting from or arising out of any Buyer Claims or Seller Claims, respectively, including damages for lost revenues, income, profits, or any other damage or loss resulting from the disruption to or loss of operation of the
Purchased Assets except to the extent due on any third party claim. 
  
 Section 9.5 Notice of Claim and Opportunity to Defend. 
  
 (a) For purposes of this Article IX, the term “Indemnifying Party” when used in connection with a particular claim for indemnification under this Article IX shall mean the Party having an obligation to indemnify the other Party
with respect to such claim pursuant to this Article IX, and the term “Indemnified Party” when used in connection with a particular claim for indemnification under this Article IX shall mean the Party having the right to be indemnified with
respect to such claim by the other Party pursuant to this Article IX. 
  
 (b) Each Party agrees that promptly after it becomes aware of facts giving rise to a claim by it for indemnification pursuant to this Article IX, such Party will provide notice thereof, in writing to the other Party (a “Claim
Notice”) specifying the nature and specific basis for such claim, and, to the extent feasible, the estimated amount of damages attributable thereto, and a copy of all papers served with respect to such claim (if any). For purposes of this
Section 9.5, receipt by a Party of written notice of any demand, assertion, claim, action or proceeding (judicial, administrative or otherwise) by or from any person or entity other than a Party to this Agreement that gives rise to a claim on behalf
of such Party shall constitute the discovery of facts giving rise to a claim by it and shall require prompt notice of the receipt of such matter as provided in the first sentence of this Section 9.5(b). The failure of an Indemnified Party to send a
Claim Notice shall not relieve the Indemnifying Party from liability hereunder with respect to such claim except to the extent, and only to the extent, such failure prejudiced the Indemnifying Party. 
  
 (c) In the event that any Liabilities are incurred by, asserted against, or
sought to be collected from, an Indemnified Party, the Indemnified Party shall provide a Claim Notice to the Indemnifying Party as soon as reasonably practicable but no later than thirty (30) days after the Indemnified Party’s discovery of the
Liability. The Claim Notice shall state the facts known to the Indemnified Party that reasonably relate to the Liability. The Indemnifying Party shall have thirty (30) days from the personal delivery or receipt of the Claim Notice (the “Notice
Period”) to notify the Indemnified Party (i) whether or not it disputes the liability of the Indemnifying Party to the Indemnified Party under this Agreement with respect to the Liabilities and/or (ii) with respect to any third-party

  

 17 

 Liabilities, whether or not it desires, at the sole cost and expense of the Indemnifying Party, to defend the Indemnified
Party against the Liabilities; provided, however, that any Indemnified Party is hereby authorized prior to and during the Notice Period to file any motion, answer or other pleading that it shall deem necessary or appropriate to protect its interests
or those of the Indemnifying Party (and of which it shall have given reasonable notice and a reasonable opportunity to comment to the Indemnifying Party) and not prejudicial to the Indemnifying Party (as determined in the Indemnifying Party’s
reasonable discretion), and the Indemnified Party shall recoup all the costs and fees associated with such filing from the Indemnifying Party. In the event that the Indemnifying Party notifies the Indemnified Party within the Notice Period that it
desires to defend the Indemnified Party against the third-party Liabilities, the Indemnifying Party shall have the right to defend all appropriate proceedings with counsel of its own choosing, which proceedings shall be promptly settled or
prosecuted by them to a final conclusion. The Indemnifying Party is required, at all times, to vigorously and in good faith defend the interests of the Indemnified Party. If the Indemnified Party desires to participate in, but not control, any
defense or settlement, it may do so at its sole cost and expense. If requested by the Indemnifying Party, the Indemnified Party agrees to cooperate with the Indemnifying Party and its counsel in contesting any third-party Liabilities that the
Indemnifying Party elects to contest or, if appropriate and related to the claim in question, in making any counterclaim against the person asserting the third-party Liabilities, or any cross-complaint against any person. If demand for indemnity has
been refused by the Indemnifying Party or the conduct of the Indemnifying Party does not constitute the timely defense in a good faith manner of the Indemnified Party as required by this Section 9.5(c), the Indemnified Party may control the defense
at the sole cost and expense of the Indemnifying Party. No claim may be settled or otherwise compromised without the prior written consent of the Indemnifying Party; (such consent shall not be unreasonably withheld); provided, however, that the
Indemnified Party may, in the Indemnified Party’s sole discretion, settle or compromise any claim which the Indemnifying Party has refused to defend and; provided further that any such settlement or compromise shall be on reasonable terms.

  
 (d) The parties agree to treat all payments by the Seller
pursuant to any claim made under this Article IX as an adjustment to the aggregate consideration paid hereunder. 
  
 (e) Nothing set forth in this Article IX shall limit either Party’s ability to avail itself of injunctive relief to compel performance of the other
Party’s obligations hereunder (including without limitation performance of covenants and payment of the Purchase Price). 
  
 Section 9.6 Survival of Representations and Warranties. The representations and warranties given or made by the Seller in Article III of this
Agreement and given or made by the Buyer in Article IV of this Agreement or in any certificate or other writing furnished in connection herewith shall survive the Closing for a period of six (6) months after the Closing Date and shall thereafter
terminate and be of no further force or effect, except that all representations and warranties relating to Taxes and Tax Returns shall survive the Closing and shall not expire until the expiration of the applicable statute of limitations plus any
extensions or waivers thereof. 
  
 ARTICLE X 
 MISCELLANEOUS 
  
 Section 10.1 Applicable Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the State of New York
without giving effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York (except for New
York General Obligation Law 5-1401 and 5-1402) to apply. The Seller and the Buyer hereby irrevocably submit to the jurisdiction of the Courts of the United States for Atlanta, Georgia in any action or proceeding arising out of or relating to this
Agreement and hereby irrevocably agree that all claims in respect of such action or proceeding shall be heard by such Courts. The Parties agree that the provisions of this Section 10.1 shall survive the Closing, expiration or termination of this
Agreement. 
  

 18 

 Section 10.2 Expenses. Consistent with Section 2.5 and except as otherwise specifically set forth
in this Agreement, each Party shall be solely responsible for all expenses incurred by it in connection with this transaction, and neither Party shall be entitled to any reimbursement for such expenses from the other Party hereto. 
  
 Section 10.3 Third Party Beneficiaries. Except for the Seller
Indemnitees and the Buyer Indemnitees, who are express third-party beneficiaries of the indemnification provisions of this Agreement, there are no third-party beneficiaries of any of the rights and obligations of either Seller or the Buyer under
this Agreement. 
  
 Section 10.4 Waiver. Except as
expressly provided in this Agreement, neither the failure nor any delay on the part of any Party hereto in exercising any right, power or remedy hereunder shall operate as a waiver thereof, or of any other right, power or remedy; nor shall any
single or partial exercise of any right, power or remedy preclude any further or other exercise thereof, or the exercise of any other right, power or remedy. Except as expressly provided herein, no waiver of any of the provisions of this Agreement
shall be valid unless it is in writing and signed by the Party against whom it is sought to be enforced. 
  
 Section 10.5 Entire Agreement; Amendment. This Agreement, the Ancillary Agreements, the Schedules and Exhibits hereto and thereto, each of which is
deemed to be a part hereof, constitute the entire agreement and understanding between the Parties, and all previous undertakings, negotiations and agreements between the Parties regarding the subject matter hereof are merged herein. This Agreement
may not be modified orally, but only by an agreement in writing signed by the Buyer and the Seller. 
  
 Section 10.6 Notices. All notices required or permitted under this Agreement shall be in writing and, (a) if by air courier, shall be deemed to
have been given one (1) Business Day after the date deposited with a recognized carrier of overnight mail, with all freight or other’ charges prepaid, (b) if by telecopy, shall be deemed to have been given when actually received, and (c) if
mailed, shall be deemed to have been given five (5) Business Days after the date when sent by registered or certified mail, postage prepaid, addressed as follows, unless another address is designated by a Party hereto by written notice to the other
Party: 
  

			
	To the Seller:	  	TPS Dell, LLC
	 	  	c/o TECO Energy, Inc.
	 	  	702 N. Franklin Street
	 	  	Tampa, Florida 33602
	 	  	Attn: General Counsel
	 	  	Fax No.: (813) 228-4811
		
	To the Buyer:	  	Associated Electric Cooperative, Inc.
	 	  	2814 S. Golden
	 	  	Springfield, Missouri 65801-0754
	 	  	Attn: General Manager
	 	  	Fax No.: (417) 885-9252

  
 For purposes of this Agreement,
“Business Day” shall mean a day other than Saturday or Sunday or any legal holiday for commercial banking institutions under the laws of the State of New York. 
  

 19 

 Section 10.7 No Assignment. This Agreement shall not be assigned or transferred in any way
whatsoever by either Party hereto except with the prior written consent of the other Party hereto, which consent such Party shall be under no obligation to grant, and any assignment or attempted assignment without such consent shall be void and have
no force or effect with respect to the non-assigning Party. 
  
 Section 10.8 Severability. If any provision of this Agreement is invalid, illegal or unenforceable, the balance of this Agreement shall remain in full force and effect and this Agreement shall be construed in all respects as if such
invalid, illegal or unenforceable provision were omitted. If any provision is inapplicable to any person or circumstance, it shall, nevertheless, remain applicable to all other persons and circumstances. 
  
 Section 10.9 Confidentiality. Unless previously approved in writing by
the other Party, each Party shall keep confidential all information (whether in oral or written form, electronically stored or otherwise) (i) obtained from or on behalf of the other Party either before or after the date of this Agreement; (ii)
related to the Purchasers’ proposed purchase of the Purchased Assets, the contents of this Agreement and the Ancillary Agreements, or the negotiation of this Agreement and the Ancillary Agreements; or (iii) related in any way whatsoever to this
Agreement or the Ancillary Agreements (referred to herein collectively as “Confidential Information”). Notwithstanding the above, a Party may disclose the Confidential Information to its management group, professional advisors (including
lenders and prospective financing sources and their respective counsel), employees, agents, or representatives who need to know such Confidential Information to evaluate the transactions contemplated hereby, are informed of its confidential nature,
and agree to abide by this Section 10.9. If a Party is compelled to disclose Confidential Information by judicial or administrative process or by any other requirements of Law, or disclosure is reasonably necessary to obtain the approval of any
governmental authority or third party necessary to consummate the transactions contemplated hereby, the Party will provide the other Party with prompt written notice of any such request or requirement and assist the other Party, at the other
Party’s expense, in obtaining an appropriate protective order or other appropriate remedy or waive compliance with this Section 10.9; provided, however, whether or not such order or other remedy is obtained, the Party requested or required to
disclose Confidential Information shall disclose only that portion of the Confidential Information that it is advised by counsel that it is legally required to so disclose or that is necessary to obtain the applicable approval, and will exercise
reasonable efforts to obtain reliable assurance that confidential treatment will be accorded the Confidential Information. Upon the written request of a Party, the other Party shall return or destroy promptly, at the request and option of the Party,
all originals and copies of written or recorded Confidential Information provided to such Party by or on behalf of the other Party and no such Confidential Information shall be used by such Party, or its employees, agents or representatives, in the
business or operations of any Person. Notwithstanding the foregoing, each Party’s obligations under this Section 10.9 shall not apply to any information or document insofar as it (A) was already known by such Party prior to the date of
disclosure hereunder; (B) becomes available to the public other than as a result of a disclosure by the other Party in violation of this Agreement or other obligation of confidentiality under which such information may be held; or (C) becomes
available to the Party on a non-confidential basis from a source other than the other Party or its officers, directors, employees, representatives or agents. The Confidentiality Agreement dated April 16, 2005 shall be superseded by this Agreement
effective as of the Effective Date, and the Parties’ obligations under this Section 10.9 shall survive the termination of this Agreement. 
  
 Section 10.10 Publicity. Prior to Closing, the Buyer and the Seller agree that before to making any public announcement or statement with respect
to the transactions contemplated by this Agreement, the Party desiring to make the public announcement or statement shall consult with the other Party and shall obtain prior written approval of the other Party of the text of a public announcement or
statement to be made solely by the Seller or the Buyer, as the case may be, which approval shall not be unreasonably withheld; provided, however, that nothing contained in this Section 10.10 shall be construed to require 
  

 20 

 either Party to obtain approval of the other Party to disclose information with respect to the transaction contemplated
by this Agreement to any Governmental Entity to the extent required by applicable Law or by any applicable rules, regulations or orders of any Governmental Entity having jurisdiction or necessary to comply with disclosure requirements of the New
York Stock Exchange, NASDAQ or any applicable securities laws. Notwithstanding anything to the contrary in this Agreement or the Confidentiality Agreement, each Party to this Agreement (and each employee, representative, or other agent of such Party
for so long as they remain an employee, representative or agent) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of any transaction contemplated by this Agreement and all materials of any kind
(including opinions or other analyses) that are provided to such Party relating to such tax treatment or tax structure. Nothing in this Agreement, or any other agreement between the Parties hereto express or implied, shall be construed as limiting
in any way the ability of either Party to consult with any tax adviser (including a tax adviser independent from all other entities involved in the transaction) regarding the tax treatment or tax structure of the transaction. 
  
 Section 10.11 Waiver of Bulk Sales Compliance. The Buyer hereby waives
compliance by the Seller with the provisions of the bulk sales laws or similar laws of any state or other jurisdiction that may be applicable to the transactions contemplated hereby. 
  
 Section 10.12 Construction. Any section headings in this Agreement are for convenience of reference only, and shall
be given no effect in the construction or interpretation of this Agreement or any provisions thereof. No provision of this Agreement will be interpreted in favor of, or against, any Party by reason of the extent to which any such Party or its
counsel participated in the drafting thereof. 
  
 Section 10.13
Multiple Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, and which together shall constitute but one and the same instrument. 
  
 Section 10.14 Further Assurances. After the Closing Date, each Party
hereto at the reasonable request of the other and without additional consideration, shall execute and deliver, or shall cause to be executed and delivered, from time to time, such further certificates, agreements or instruments of conveyance and
transfer, assumption, release and acquittance and shall take such other action as the other Party hereto may reasonably request, to convey and deliver the Purchased Assets to the Buyer, to assure to each Party the assumption of the liabilities and
obligations intended to be assumed by such Party hereunder and to otherwise consummate or implement the transactions contemplated by this Agreement. 
  
 Section 10.15 Certain Interpretive Matters. The inclusion of any matter on any Schedule will not be deemed an admission by either Party that such
listed matter has or would have a material adverse effect. 
  

 21 

 IN WITNESS WHEREOF, the Parties have duly executed and delivered this Agreement as of the date first
written above. 
  

					
	“SELLER”	 	TPS Dell, LLC,
	 	 	a Delaware Limited Liability Company
			
	 	 	By:	 	  

	 	 	Name:	 	  

	 	 	Title:	 	  

		
	“BUYER”	 	Associated Electric Cooperative, Inc.,
	 	 	a Missouri Electric Cooperative
			
	 	 	By:	 	  

	 	 	Name:	 	  

	 	 	Title:	 	  

  

 22Form of Stockholders Agreement

 Exhibit 10.4 
  
 FORM OF 
  
 STOCKHOLDERS AGREEMENT 
  
 OF 
  
 SPANSION INC. 
  
 AS OF                     , 2005 

 STOCKHOLDERS AGREEMENT 
  
 OF 
  
 SPANSION INC. 
  
 THIS STOCKHOLDERS AGREEMENT (this “Agreement”), dated as of
                    , 2005 (the “Effective Date”), is by and among AMD INVESTMENTS, INC., a Delaware corporation
(“AMD Investments”), FUJITSU MICROELECTRONICS HOLDING, INC., a Delaware corporation (“FMH”), SPANSION INC., a Delaware corporation (the “Corporation”), ADVANCED MICRO DEVICES,
INC., a Delaware corporation (“AMD”), and FUJITSU LIMITED, a Japanese corporation (“Fujitsu”). AMD Investments and FMH are sometimes hereafter referred to, collectively, as the
“Stockholders” and, individually, as a “Stockholder.” 
  
 WHEREAS, the Corporation has an authorized capital of
[                    ] shares of common stock, consisting of
[                    ] shares of Class A Common Stock, par value $0.001 per share (the “Class A Common
Stock”), one (1) share of Class B Common Stock, par value $0.001 per share (the “Class B Common Stock”), one (1) share of Class C Common Stock, par value $0.001 per share (the “Class C
Common Stock”), [                    ] shares of Class D Common Stock, par value $0.001 per share (the “Class D Common
Stock” and together with the Class A Common Stock, the Class B Common Stock and the Class C Common Stock, the “Common Stock”), and
[                    ] shares of Preferred Stock, $.001 par value per share (the “Preferred Stock”). 
  
 WHEREAS, immediately prior to the execution of this Agreement, AMD, Fujitsu,
AMD Investments, FMH and Spansion LLC, a Delaware limited liability company, executed an Agreement and Plan of Conversion and filed with the Secretary of State of the State of Delaware a Certificate of Conversion and Certificate of Incorporation,
whereby Spansion LLC was converted into the Corporation and AMD Investments and FMH received shares of Common Stock of the Corporation in exchange for their limited liability company membership interests in Spansion LLC; 
  
 WHEREAS, in connection with the conversion, AMD Investments now owns
[                    ] shares of Common Stock, consisting of
[                    ] shares of Class A Common Stock and one (1) share of Class B Common Stock, and FMH owns
[                    ] shares of Common Stock, consisting of
[                    ] shares of Class D Common Stock and one (1) share of Class C Common Stock; 
  
 WHEREAS, all of the outstanding shares of Class D Common Stock will
automatically, without any act or deed on the part of the Corporation or any other person, convert in to shares of Class A Common Stock on a share-per-share basis as provided in the Certificate of Incorporation; 
  
 WHEREAS, AMD Investments is an indirect wholly owned subsidiary of AMD, and
FMH is a wholly owned subsidiary of Fujitsu; and 
  
 WHEREAS, the
Stockholders desire to promote their mutual interests by imposing certain restrictions and obligations on each other and on the shares of Common Stock, and, further, to provide for matters pertaining to the management and governance of the
Corporation. 

 NOW, THEREFORE, in consideration of the conditions and provisions contained herein, the parties hereto
hereby agree as follows: 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 SECTION 1.1 DEFINITIONS. The following terms shall, for the purposes
of this Agreement and the Schedules and Exhibits hereto, have the following meanings (terms defined in the singular or the plural include the plural or the singular, as the case may be): 
  
 “Affiliate” of a Person means any other Person which, directly or indirectly, controls, is controlled by,
or is under common control with, such Person. The term “control” (including, with correlative meaning, the terms “controlled by” and “under common control with”), as used with respect to any Person, means the
possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. A Person shall be deemed an Affiliate of
another Person only so long as such control relationship exists. The parties acknowledge and agree that neither Fujitsu nor AMD is presently controlled by any other Person. Notwithstanding the foregoing, a Spansion Entity shall not be deemed to be
an Affiliate of either Fujitsu or AMD, except where expressly provided in this Agreement. 
  
 “Aggregate Ownership Interest” shall mean, with respect to each Stockholder, the quotient, expressed as a percentage, obtained by dividing (a) the aggregate number of shares of Common Stock of the
Corporation held by such Stockholder or its Affiliates by (b) the aggregate number of outstanding shares, on an as converted to Common Stock basis, of Common Stock of the Corporation. 
  
 “Board” shall mean the Board of Directors of the Corporation. 
  
 “Business Day” means any day other than a day on which
commercial banks in California or Tokyo are required or authorized to be closed. 
  
 “Certificate of Incorporation” shall mean the Certificate of Incorporation of the Corporation as in effect as of the date of this Agreement, as the same may be amended from time to time in accordance
with the terms thereof. 
  
 “Class A Directors”
shall mean, collectively, the directors of the Board elected by the holders of Class A Common Stock in accordance with the Certificate of Incorporation. 
  
 “Class B Directors” shall mean, collectively, the directors of the Board elected by the holders of the Class B Common Stock in accordance
with the Certificate of Incorporation. 
  
 “Class C
Director” shall mean, collectively, the director of the Board elected by the holders of the Class C Common Stock in accordance with the Certificate of Incorporation. 
  
 “Commission” shall mean the Securities and Exchange Commission, or any successor agency performing the
functions currently performed by the Securities and Exchange Commission. 
  

 2 

 “Competing Business” means any business engaged in the development, production,
manufacture, marketing, distribution, promotion or sale of Stand-Alone NVM Products in any country in the world in which the Corporation conducts its business. 
  

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
  
 “Governmental Authority” means any foreign, domestic,
national, federal, territorial, state or local governmental authority, quasi-governmental authority, instrumentality, court, government or self-regulatory organization, commission, tribunal or organization or any regulatory, administrative or other
agency, or any political or other subdivision, department or branch of any of the foregoing. 
  
 “NVM” means a non-volatile memory device wherein information stored in a memory cell is maintained without power consumption and the write time (including erase time if there is an erase operation
prior to a write operation) exceeds the read time allowing the device to function primarily as a reading device. 
  
 “Person” means any person or entity, whether an individual, trustee, corporation, partnership, limited partnership, limited liability
company, trust, unincorporated organization, business association, firm, joint venture, other legal entity or Governmental Authority. 
  
 “Securities Act” shall mean the Securities Act of 1933, as amended. 
  
 “Spansion Entity” means the Corporation, or any of its directly or indirectly majority owned subsidiaries
(whether organized as corporations, limited liability companies or other legal entity). 
  
 “Stand-Alone NVM Product” means a semiconductor product (including a single chip or a multiple chip or system product) containing NVM dedicated to data storage wherein all circuitry (including logic
circuitry) contained therein is solely to accept, store, retrieve or access information or instructions and cannot manipulate such information or execute instructions. 
  
 “Transfer” (including, with correlative meaning, the term “Transferred”) means, with
respect to any capital stock (or other ownership interest) in any Person or portion thereof, a sale, conveyance, exchange, assignment, gift, bequest or other transfer or disposition by any other means, whether for value or no value and whether
voluntary or involuntary (including, without limitation, by operation of law), or an agreement to do any of the foregoing. 
  
 SECTION 1.2 USAGE GENERALLY; INTERPRETATION. Whenever the context may require, any pronoun includes the corresponding masculine, feminine and
neuter forms. All references herein to Articles and Sections shall be deemed to be references to Articles and Sections of this Agreement unless the context otherwise requires. The words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”. The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement refer to this
Agreement as a whole and not to any particular provision of this Agreement. Unless otherwise expressly provided herein, any agreement, instrument or statute defined or referred to herein or in any agreement or instrument that is referred to herein
means such agreement, instrument or statute as from time to time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor
statutes and references to all attachments thereto and instruments incorporated therein. 
  

 3 

 ARTICLE II 
  
 VOTING PROVISIONS 
  
 SECTION 2.1 VOTING AGREEMENTS. 
  
 (a) Upon the conversion of the Class D Common Stock into Class A Common Stock, the Stockholders agree to vote (or cause to be voted) all shares of Class A
Common Stock held by them or their respective Affiliates so as to cause the election of each Class A Director proposed for election by the Nominating Committee of the Board in accordance with the Certificate of Incorporation. 
  
 (b) The appointment of the Chairman of the Board will be as follows:

  
 (i) Until the Corporation’s 2007 annual stockholder
meeting, the Chairman of the Board will be the Class C Director, subject to the approval of a majority of the Class B Directors, which approval shall not be unreasonably withheld; 
  
 (ii) From the date of the Corporation’s 2007 annual stockholder meeting until the date of the Corporation’s 2010
annual stockholder meeting, the Chairman of the Board will be selected by the Class B Directors, subject to the approval of the Class C Director, which approval shall not be unreasonably withheld; 
  
 (iii) the right to appoint the Chairman of the Board by the Class B
Directors or the Class C Director will continue rotate every three (3) years in the manner set forth in Section 2.1(b)(i) and 2.1(b)(ii) provided, however, that if either AMD’s or Fujitsu’s Aggregate Ownership Interest falls below
fifteen percent (15%), then neither Stockholder shall any rights or obligations under this Section 2.1(b). 
  
 (c) The Stockholders agree to vote (or cause to be voted) all shares of Common Stock held by them or their respective Affiliates to approve any amendment
to the Corporation’s Certificate of Incorporation necessary to increase the authorized number of shares of Class A Common Stock for the purpose set forth in Article IV, Section 3(x) of the Certificate of Incorporation. 
  
 SECTION 2.2 BOARD OBSERVERS. The parties agree that for so long as a
Stockholder’s Aggregate Ownership Interest is greater than or equal to five percent (5%), such Stockholder shall have the right to have one (1) representative attend Board meetings as a non-voting participant. 
  
 ARTICLE III 
  
 TRANSFERS. 
  
 SECTION 3.1 NOTICE OF TRANSFER. Prior to any direct or indirect
Transfer of Transfer Shares pursuant to Section 3.2, such Stockholder shall give the other Stockholder written notice within ten (10) Business Days of such Transfer. 
  
 SECTION 3.2 PERMITTED TRANSFERS 
  
 (a) Prior to the conversion of the Class D Common Stock into Class A Common Stock, no Stockholder or any of its Affiliates
may Transfer any of its right, title or interest in (i) any Common Stock or (ii) any of their Affiliates (“Subject Affiliates”) which beneficially own, either directly or indirectly, any 
  

 4 

 Common Stock, to any transferee unless such transferee is an Affiliate of either AMD or Fujitsu with respect to which AMD
or Fujitsu, as applicable, owns a majority of the capital stock entitled to vote for the election of directors (or similar management body) of such Affiliate. 
  

(b) After the conversion of the Class D Common Stock into Class A Common Stock, each Stockholder or its Affiliates may Transfer any of its right, title
or interest in (i) some or all of its Common Stock (“Transfer Shares”) or (ii) any of its Affiliates which beneficially own, either directly or indirectly, any Common Stock; provided, however, that no Stockholder or
its Affiliates shall knowingly Transfer, directly or indirectly, a number of Transfer Shares equal to or greater than one percent (1%) of the Common Stock outstanding, calculated on an as converted to Common Stock basis, at the time of such
Transfer, in a single transaction or series of related transactions, to any Person whose principal business is a Competing Business, without the prior written consent of the other Stockholder; such consent to be given or withheld within ten (10)
Business Days of receipt of written notice and, after June 30, 2007, such consent not to be unreasonably withheld. In the event of any Transfer of Transfer Shares or interests in Subject Affiliates, a transferee (or subsequent transferee) shall be
entitled to the rights and privileges set forth in this Agreement and shall be bound and obligated by the provisions of this Agreement, each to the extent applicable to the transferor. 
  
 (c) As a condition to a Transfer of Transfer Shares or interests in Subject Affiliates permitted pursuant to Section 3.2(a)
or 3.2(b), each transferee shall, prior to such Transfer, agree in writing to be bound by all of the provisions of this Agreement and no such transferee shall be permitted to make any Transfer which the original transferor was not permitted to make.
In connection with any Transfer of Transfer Shares or interests in Subject Affiliates pursuant to Section 3.2(a) or 3.2(b), the transferee shall execute and deliver to the Stockholders and the Corporation such documents as may reasonably be
requested by such Stockholders or the Corporation to evidence the same. 
  
 ARTICLE IV 
  
 STOCKHOLDER FINANCINGS

  
 With respect to each Stockholder’s or its respective
Affiliates’ obligations under any loans, guarantees or other financial support provided by such Stockholder or its Affiliates to or for the benefit of the Corporation outstanding as of the date of this Agreement (any such obligation, a
“Stockholder Financing”), the Corporation shall not, without the applicable Stockholder’s consent, extend the maturity date, or otherwise amend any term that would increase the Corporation’s financial or other obligations
under, or extend the maturity of, any Stockholder Financing. 
  
 ARTICLE V 
  
 REGISTRATION RIGHTS IN CLASS A
COMMON STOCK 
  
 Any shares of Class A Common Stock held by
AMD or Fujitsu or their Affiliates will have the registration rights set forth on Annex A attached hereto, which is incorporated herein by reference and made a part hereof as if included in full herein. 
  

 5 

 ARTICLE VI 
  
 ACCESS TO INFORMATION 
  
 SECTION 6.1 RESTRICTIONS ON DISCLOSURE OF INFORMATION. Each party will, and each party will cause its respective representatives to, hold in strict
confidence, with at least the same degree of care that applies to each party’s confidential and proprietary information (“Information”) pursuant to policies in effect as of the Effective Date, all Information concerning
the other parties furnished pursuant to this Agreement. Notwithstanding the foregoing, each party and its representatives may disclose such Information to the extent that such party can demonstrate that such information is or was (i) in the public
domain other than by the breach of this Agreement or by breach of any other agreement between or among the parties relating to confidentiality, or (ii) lawfully acquired from a third person on a non-confidential basis or independently developed by,
or on behalf of, such party by persons who do not have access to, or descriptions of, any such Information. Each party will maintain, and will cause its respective representatives to maintain, policies and procedures, and develop such further
policies and procedures as will from time to time become necessary or appropriate, to ensure compliance with this Section 6.1. 
  
 SECTION 6.2 LEGALLY REQUIRED DISCLOSURE OF INFORMATION. If any party or representatives (the “Disclosing Party”)
becomes legally required to disclose any Information that it is otherwise obligated to hold strict confidence pursuant to Section 6.1, such party will promptly notify the Person that owns the Information (the “Owning Party”)
and will use all commercially reasonable efforts to cooperate with the Owning Party so that the Owning Party may seek a protective order or other appropriate remedy and/or waive compliance with this Section 6.2. All expenses reasonably incurred by
the Disclosing Party in seeking a protective order or other remedy will be borne by the Owning Party. If such protective order or other remedy is not obtained, or if the Owning Party waives compliance with this Section 6.2, the Disclosing Party will
(a) disclose only that portion of the Information which its legal counsel advises it is legally required to disclose, (b) use all commercially reasonable efforts to obtain reliable assurance requested by the Owning Party that confidential treatment
will be accorded such Information and (c) promptly provide the Owning Party with a copy of the Information so disclosed, in the same form and format so disclosed, together with a list of all Persons to whom such Information was disclosed.

  
 SECTION 6.3 ACCESS TO INFORMATION. For as long as
AMD’s and Fujitsu’s respective Aggregate Ownership Interest is equal or greater than ten percent (10%), Spansion will cooperate with and afford, and will cause its respective representatives to cooperate with and afford, to AMD and Fujitsu
or their respective Affiliates, as the case may be, reasonable access upon reasonable advance written request to all Information (other than Information which is (a) protected from disclosure by the attorney-client privilege or work product
doctrine, (b) proprietary in nature, (c) the subject of a confidentiality agreement between such party and a third Person which prohibits disclosure to the other party or (d) prohibited from disclosure under applicable law) owned by Spansion or
within Spansion’s or its representative’s possession and which relates to the requesting party’s (the “Requestor”) business, assets or liabilities, and such access is reasonably required by the Requestor (i) to
comply with requirements imposed on the Requestor by any Governmental Authority, (ii) for use in any proceeding (except for a litigation matter between the parties), (iii) to satisfy audit, accounting, tax or similar requirements, (iv) to obtain
insurance, or (v) to comply with the Requestor’s obligations under this Agreement. In connection with providing Information pursuant to this Section 6.3, Spansion hereto will, upon the request of the other party and upon reasonable advance
notice, make available during normal business hours its employees (and those employees of its Representatives) to the extent that they are reasonably necessary to discuss and explain all requested Information with and to the Requestor. 

 

 6 

 ARTICLE VII 
  
 CERTIFICATES 
  
 As long as this Agreement shall remain in full force and effect, there shall be inscribed upon each certificate of Common Stock held by a Stockholder the
following legend: 
  
 THE SHARES REPRESENTED BY THIS CERTIFICATE
MAY NOT BE SOLD, TRANSFERRED OR IN ANY WAY DISPOSED OF EXCEPT PURSUANT TO THE TERMS AND CONDITIONS OF A CERTAIN STOCKHOLDERS AGREEMENT DATED AS OF
                    , 2005, AND ANY AMENDMENTS THERETO, AMONG ADVANCED MICRO DEVICES, INC., AMD INVESTMENTS, INC., FUJITSU LIMITED, FUJITSU
MICROELECTRONICS HOLDING, INC. AND SPANSION INC., A COPY OF WHICH IS ON FILE AT THE OFFICE OF THE CORPORATION. THE HOLDER IS SUBJECT TO THE OBLIGATIONS THEREIN SET FORTH AND ANY SUCH DISPOSITION IN VIOLATION OF SAID STOCKHOLDERS AGREEMENT SHALL BE
NULL AND VOID. 
  
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE, AND MAY NOT BE SOLD, ASSIGNED, PLEDGED, ENCUMBERED, TRANSFERRED, GRANTED AN OPTION WITH
RESPECT TO OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR DELIVERY TO THE CORPORATION OF AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO THE CORPORATION THAT SUCH SALE OR TRANSFER IS EXEMPT FROM REGISTRATION UNDER THE ACT.

  
 ARTICLE VIII 
  
 TERMINATION 
  
 SECTION 8.1 TERMINATION. Except as set forth in Section 8.2, this
Agreement shall terminate upon the occurrence of any of the following events: 
  
 (a) by election of all of the parties hereto; 
  
 (b) the date on which each Stockholder’s Aggregate Ownership Interest falls below ten percent (10%); and 
  
 (c) the dissolution of the Corporation. 
  
 SECTION 8.2 EXCEPTIONS. 
  
 (a) Section 2.2 shall terminate (as to each Stockholder) on the date on which such Stockholder’s Aggregate Ownership Interest falls below five
percent (5%); 
  
 (b) Section 3.2 shall terminate (as to each
Stockholder) on the date on which either Stockholder’s Aggregate Ownership Interest falls below ten percent (10%); 
  

 7 

 (c) Article IV shall not terminate; and 
  
 (d) Article V and Annex A shall terminate in accordance with the provisions set forth in Section 9 of Annex A
of this Agreement. 
  
 ARTICLE IX 
  
 MISCELLANEOUS 
  
 SECTION 9.1 SEVERABILITY. The terms, conditions and provisions of this
Agreement are fully severable, and the decision or judgment of any court of competent jurisdiction rendering void or unenforceable any one or more of such terms, conditions or provisions shall not render void or unenforceable any of the other terms,
conditions or provisions hereof, and such void or unenforceable term shall be replaced with a valid and enforceable term which would to the greatest degree possible reflect the original intentions of the parties hereunder. 
  
 SECTION 9.2 NOTICES. All notices and other communications hereunder
shall be in writing and shall be given and delivered by messenger, transmitted by telecopy or telegram (in either case followed by reputable overnight courier sent the same day), by reputable overnight courier or mailed by certified mail, postage
prepaid, return receipt requested, to the parties at the following addresses (or such other address as shall be specified by such party by like notice), and shall be deemed given on the date on which so delivered by messenger or reputable overnight
courier, on the next Business Day following the date on which so transmitted by telecopy, telegram or on the tenth Business Day following the date on which mailed by certified mail: 
  
 If to AMD or AMD Investments, to: 
  

Advanced Micro Devices, Inc. / AMD Investments, Inc. 
 One AMD Place 
 Sunnyvale, California 94088 
 Attention: Legal Department 
 Fax: (408)
774-7399 
  
 If to Fujitsu or FMH, to: 
  
 Fujitsu Limited / Fujitsu Microelectronics Holding, Inc. 
 Electronic Devices Group 
 Fuchigami 50
Akiruno-shi 
 Tokyo 197-0833 
 Attention: Executive Vice President, Business and Promotion Group 
 Facsimile: +81-42-532-2550 
  
 If to the Corporation, to: 
  
 Spansion Inc. 
 915 DeGuigne Drive 
 P.O. Box 3453 

Sunnyvale, CA 94088 
 Attention: General
Counsel 
 Fax: (408) 774-7443 
  

 8 

 SECTION 9.3 CAPTIONS. The captions at the heading of each article or section of this Agreement are
for convenience of reference only and are not to be deemed a part of the Agreement itself. 
  
 SECTION 9.4 ENTIRE AGREEMENT. This Agreement, including the annexes hereto and the other agreements and documents referenced herein or contemplated hereby, constitutes the entire agreement and understanding of
the parties hereto with respect to the matters herein set forth, and all prior negotiations and understandings relating to the subject matter of this Agreement are merged herein and are superseded and canceled by this Agreement; provided,
however, that for the avoidance of doubt nothing set forth herein shall supersede any confidentiality obligations by or among any of the parties hereto that exist on the date hereof. 
  
 SECTION 9.5 COUNTERPARTS. This Agreement may be executed and delivered
in one or more counterparts, each of which shall be deemed an original, and all of which shall be deemed to constitute one and the same agreement. 
  
 SECTION 9.6 AMENDMENTS; WAIVER. Amendments to this Agreement may be made from time to time, provided, however, that no amendment, modification or
waiver of this Agreement or any provision hereof shall be valid or effective unless in writing and signed by the Corporation ach and every Stockholder. No consent to, or waiver, discharge or release (each, a “Waiver”) of, any
provision of or breach under this Agreement shall be valid or effective unless in writing and signed by the party giving such Waiver, and no specific Waiver shall constitute a Waiver with respect to any other provision or breach, whether or not of
similar nature. Failure on the part of any party hereto to insist in any instance upon strict, complete and timely performance by another party hereto of any provision of or obligation under this Agreement shall not constitute a Waiver by such party
of any of its rights under this Agreement or otherwise. 
  
 SECTION 9.7 FURTHER ASSURANCES. Each party shall perform all other acts and execute and deliver all other documents as may be reasonably necessary or appropriate to carry out the purposes and intent of this Agreement. 
  
 SECTION 9.8 GOVERNING LAW. This Agreement shall in all respects be
governed by and construed in accordance with the laws of the State of Delaware without giving effect to its rules on conflicts of laws. 
  
 SECTION 9.9 THIRD PARTY BENEFICIARY. Nothing set forth in the Agreement shall be construed to confer any benefit to any third party who is not a
party to this Agreement. 
  
 SECTION 9.10 ASSIGNMENT. This
Agreement is personal to the parties hereto, and no party may (except as set forth in Article III) assign or Transfer the rights accruing hereunder nor may performance of any duties by any party hereunder be delegated or assumed by any other Person
without the prior written consent of the other parties hereto. 
  
 SECTION 9.11 SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and inure to the benefit of the respective successors and permitted assigns of each party hereto; provided, that no party hereto may Transfer or assign such
party’s Common Stock or this Agreement or such party’s rights, interests or obligations hereunder, except in accordance with the terms of this Agreement. 
  

 9 

 SECTION 9.12 RELATIONSHIP. This Agreement does not constitute any Stockholder, director, or any
employee or agent of the Corporation as the agent or legal manager of any Stockholder for any purpose whatsoever and no Stockholder, director or any employee or agent of the Corporation is granted hereby any right or authority to assume or to create
any obligation or responsibility, express or implied, on behalf of or in the name of any Stockholder or to bind any Stockholder in any manner or thing whatsoever. 
  
 SECTION 9.13 DISPUTE RESOLUTION. If any party to a dispute or controversy concerning the rights, benefits or
obligations set forth in this Agreement determines that a reasonable attempt at settlement has failed, binding arbitration conducted in accordance with the dispute resolution procedure set forth in Annex B attached hereto shall be the
exclusive and final forum for settling any disagreement, dispute, controversy or claim arising out of or in any way related to this Agreement or the subject matter thereof or the interpretation hereof or any arrangements relating hereto or
contemplated herein or the breach, termination or invalidity hereof. 
  
 SECTION 9.14 EQUITABLE REMEDIES. Each party acknowledges that no adequate remedy of law would be available for a breach of Articles II, III, IV, V and VI of this Agreement or by the Corporation of any of its obligations under the
Certificate of Incorporation, including without limitation Article IV, Section 3(x) thereunder, and that a breach of any of such Articles of this Agreement or the Certificate of Incorporation by one party would irreparably injure the other parties
and accordingly agrees that in the event of a breach of any of such Articles of this Agreement or the Certificate of Incorporation, the respective rights and obligations of the parties hereunder or thereunder shall be enforceable by specific
performance, injunction or other equitable remedy (without bond or security being required), and each party waives the defense in any action and/or proceeding brought to enforce this Agreement or the Certificate of Incorporation that there exists an
adequate remedy or that the other party is not irreparably injured. Nothing in this Section 9.14 is intended to exclude the possibility of equitable remedies with respect to breaches of other sections of this Agreement. 
  
 SECTION 9.15 FEES AND EXPENSES. Except as specifically set forth
herein, each party shall be responsible for any legal and other fees and expenses incurred by such party in connection with the negotiation and preparation of this Agreement and the transactions contemplated hereby. 
  
 SECTION 9.16 OBLIGATIONS OF AMD AND FUJITSU. By their signatures
below, AMD agrees to be liable for any failure by AMD Investments to perform any of its obligations under this Agreement that run to the benefit of Fujitsu or FMH, and Fujitsu agrees to be liable for any failure by FMH to perform any of its
obligations under this Agreement that run to the benefit of AMD or AMD Investments. 
  
 (Signature Page Follows) 
  

 10 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the
date first above written. 
  

							
	AMD INVESTMENTS, INC.	  	ADVANCED MICRO DEVICES, INC.
				
	By:	 	  

	  	By:	 	  

	Name:	 	  

	  	Name:	 	  

	Title:	 	  

	  	Title:	 	  

		
	FUJITSU MICROELECTRONICS HOLDING, INC.	  	FUJITSU LIMITED
				
	By:	 	  

	  	By:	 	  

	Name:	 	  

	  	Name:	 	  

	Title:	 	  

	  	Title:	 	  

			
	SPANSION INC.	  	 	 	 
				
	By:	 	  

	  	 	 	 
	Name:	 	  

	  	 	 	 
	Title:	 	  

	  	 	 	 

  
  

 11 

 ANNEX A 
  
 REGISTRATION RIGHTS 
  
 Section 1. Definitions 
  
 Section 1.1 Capitalized terms used herein without definition have the meanings assigned to such terms in the Stockholders Agreement to which this Annex
A is attached. As used in this Annex A, the following terms shall have the following meanings: 
  
 “Holder” means any Person who owns Registrable Securities, including any permitted transferee of a Stockholder. 
  
 “IPO” means the initial underwritten public offering
of the Class A Common Stock pursuant to an effective Registration Statement under the Securities Act. 
  
 “Lock-Up Agreement” means the agreement between each Stockholder and the managing underwriter(s) for the IPO, pursuant to which
such Stockholder agrees that it will not offer to sell, contract to sell, or otherwise sell, dispose of, loan, pledge or grant any rights with respect to any shares of Common Stock, any options or warrants to purchase any shares of Common Stock, or
any securities convertible into or exchangeable for any shares of Common Stock now owned or hereafter acquired directly by the Stockholder or with respect to which the Stockholder has or hereafter acquires the power of disposition. Each Lock-Up
Agreement shall be binding upon any successors, assigns or other transferees of each Stockholder. No Lock-Up Agreement shall be amended or otherwise modified, nor shall compliance therewith be waived, unless each other Stockholder is given the
option, at its sole discretion, to have the same amendment, modification or waiver apply to its Lock-Up Agreement. 
  
 “Lock-Up Period” means the period agreed to by each Stockholder and the managing underwriter(s) for the IPO (which shall be the
same period for each Stockholder) during which time such Stockholder agrees that it will not offer to sell, contract to sell, or otherwise sell, dispose of, loan, pledge or grant any rights with respect to any shares of Common Stock, any options or
warrants to purchase any shares of Common Stock, or any securities convertible into or exchangeable for any shares of Common Stock now owned or hereafter acquired directly by the Stockholder or with respect to which the Stockholder has or hereafter
acquires the power of disposition. 
  
 “Proceeding” means an action, claim, suit, investigation or proceeding (including, without limitation, an investigation or partial proceeding, such as a deposition), whether commenced or threatened. 
  
 “Prospectus” means any prospectus included in a
Registration Statement (including, without limitation, a prospectus that includes any information previously omitted from a prospectus filed as part of an effective Registration Statement in reliance upon Rule 430A promulgated under the Securities
Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by any Registration Statement, and all other amendments and supplements to the Prospectus,
including post-effective amendments, and all material incorporated by reference in such Prospectus. 
  

 A-1 

 “Registrable Securities” means (i) shares of Class A Common Stock issued at any
time to AMD Investments and FMH or their respective Affiliates; and (ii) any shares of Class A Common Stock issued as (or issuable upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other
distribution with respect to, in exchange for or in replacement of the shares referenced in (i) above, provided, however, that the shares of Class A Common Stock that are Registrable Securities shall cease to be Registrable Securities
(x) upon the consummation of any sale of such shares pursuant to an effective Registration Statement under the Securities Act or Rule 144 promulgated thereunder or (y) at such time as such shares of Class A Common Stock become eligible for sale
under Rule 144(k) under the Securities Act. 
  
 “Registration Statement” means any Registration Statement and any additional Registration Statement, including (in each case) the Prospectus, amendments and supplements to such Registration Statement or Prospectus,
including pre- and post-effective amendments, all exhibits thereto, and all material incorporated by reference in such Registration Statement to be filed pursuant to the terms of this Annex A. 
  
 “Rule 144” means Rule 144 promulgated by the
Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule. 
  
 “Rule 158” means Rule 158 promulgated by the
Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule. 
  
 “Rule 415” means Rule 415 promulgated by the
Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule. 
  
 “Underwritten Registration or Underwritten Offering”
means a registration in connection with which securities of the Corporation are sold to an underwriter for reoffering to the public pursuant to an effective Registration Statement under the Securities Act. 
  
 Section 2. “Piggy-Back” Registrations 
  
 Section 2.1 If, at any time after the IPO, the Corporation shall
determine to register for its own account or the account of others under the Securities Act (including (i) in connection with a public offering by the Corporation other than the IPO or (ii) a demand for registration made by any stockholder of the
Corporation including any of the parties hereto) any of its equity securities (other than on Form S-4 or Form S-8 or their then equivalents relating to shares of Common Stock to be issued solely in connection with any acquisition of an entity or
business or shares of Common Stock issuable in connection with stock option or other employee benefit plans) it shall send to each Holder written notice of such determination and if, within 30 days after receipt of such notice, such Holder shall so
request in writing, the Corporation shall use its commercially reasonable efforts to include in such Registration Statement all or any part of the Registrable Securities such Holder requests to be registered. 
  
 Section 2.2 If, in connection with any offering described in Section
2.1 of this Annex A involving an underwriting of Common Stock to be issued by the Corporation, the managing underwriter shall impose a limitation on the number of shares of such Common Stock which may be included in the Registration Statement
because in its judgment, such limitation is necessary to effect an orderly public distribution, then, in the discretion of such managing underwriter, the Corporation shall include in such Registration Statement only such portion of the Registrable
Securities with respect to which such Holders have requested inclusion 
  

 A-2 

 pursuant hereto as such limitation permits after the inclusion of all shares of Common Stock to be registered by the
Corporation for its own account. Any exclusion of Registrable Securities shall be made pro rata among such Holders seeking to include such shares, in proportion to the number of such shares owned by such Holders. 
  
 Section 3. “Demand” Registrations 
  
 Section 3.1 At any time commencing after the expiration of the
Lock-Up Period, each Holder (a “Demand Holder”) may make a written request (each a “Demand Request”) for registration under the Securities Act (a “Demand Registration”) of all
or part of the Registrable Securities held by such Holder; provided, however, that if the Registrable Securities requested to be registered shall be less than all of such Demand Holder’s Registrable Securities, the Registrable Securities
requested to be registered shall, on the date that the Demand Request is delivered, (i) constitute at least three percent (3%) of the shares of Common Stock outstanding or (ii) have an aggregate minimum market value of at least $25,000,000 before
calculation of underwriting discounts and commissions. Each Demand Request shall specify the number of shares of Registrable Securities proposed to be sold by such Demand Holder. 
  
 Section 3.2 Within 15 days after receipt of each Demand Request, the Corporation shall give written notice of such
Demand Request to all non-requesting Holders. Within 30 days after receipt of such notice, the non-requesting Holders shall provide written notice to the Corporation of their intention to have any or all of their Registrable Securities be included
in the Demand Registration. The Corporation shall use its commercially reasonable efforts to file a Registration Statement registering such of the Registrable Securities as may be requested by any Holders thereof (including the Holder or Holders
making the initial Demand Request) with the Commission not later than 120 days after receipt of such Demand Request (the “Demand Filing Date”) and shall use commercially reasonable efforts to cause the same to be declared
effective by the Commission as promptly as practicable after such filing. Both the Demand Request and any request to join in such Demand Request shall be considered a single Demand Request. Any inclusion of Registrable Securities owned by a Demand
Holder pursuant to a Demand Request (including a notice of a non-requesting holder to join a Demand Request) shall be deemed to have been effected pursuant to a single Demand Request. 
  
 Section 3.3 Notwithstanding any other provision set forth in this Section 3, each Stockholder (together with all of
its assignees) shall be entitled to deliver no more than two (2) Demand Requests; provided, however, that if the Corporation meets the eligibility requirements for using Form S-3, then this limitation shall not apply. In addition, no Holder
shall be entitled to deliver a Demand Request within 90 days after the effectiveness of any Registration Statement filed (i) by the Corporation pursuant to an Underwritten Offering by the Corporation or (ii) on behalf of any Demand Holder or any
other holder of demand registration rights. 
  
 Section 3.4
A registration will not count as a Demand Registration until the Registration Statement registering the shares of such Demand Request has been declared effective by the Commission (unless the Demand Holder withdraws all of its Registrable Securities
and the Corporation has performed its obligations hereunder in all material respects, in which case such demand will count as a Demand Registration). 
  
 Section 3.5 The Corporation may defer the filing (but not the preparation) of a Registration Statement required by this Section 3 until a date not
later than 90 days after the Demand Filing Date if: 
  
 (a) there
is (i) material non-public information regarding the Corporation which the Board reasonably determines not to be in the Corporation’s best interest to disclose and which the Corporation is not 
  

 A-3 

 otherwise required to disclose or (ii) there is a significant business opportunity (including but not limited to the
acquisition or disposition of assets (other than in the ordinary course of business) or any merger, consolidation, tender offer or other similar transaction) available to the Corporation which the Board reasonably determines not to be in the
Corporation’s best interest to disclose; or 
  
 (b) prior to
receiving the Demand Request, the Board had determined to effect an Underwritten Offering and the Corporation had taken substantial steps and is proceeding with reasonable diligence to effect such offering. 
  
 A deferral of the filing of a Registration Statement pursuant to this Section
3.5 shall be lifted, and the requested Registration Statement shall be filed forthwith, if, (x) in the case of a deferral pursuant to clause (a)(i), the material non-public information is made public by the Corporation, (y) in the case of a deferral
pursuant to clause (a)(ii), the significant business opportunity is disclosed by the Corporation or is terminated, or (z) in the case of a deferral pursuant to clause (b), the proposed registration for the Corporation’s account is abandoned. In
order to defer the filing of a Registration Statement pursuant to this Section 3.5, the Corporation shall promptly (but in any event within 10 days), upon determining to seek such deferral, deliver to each Demand Holder a certificate signed by an
executive officer of the Corporation stating that the Corporation is deferring such filing pursuant to this Section 3.5 and an approximation of the anticipated delay. Within twenty (20) days after receiving such certificate, the Demand Request may
be withdrawn by those Persons representing a majority of the Registrable Securities being registered on the Registration Statement filed pursuant to such Demand Request upon providing written notice to the Corporation; if withdrawn, the Demand
Request shall be deemed not to have been made for purposes of this Annex A. 
  
 Section 3.6 If, in connection with any offering described in Section 3.1 of this Annex A, the managing underwriter shall impose a limitation on the number of shares of Common Stock which may be included
in the Registration Statement because in its judgment, such limitation is necessary to effect an orderly public distribution, then, in the discretion of such managing underwriter, the Corporation shall include in such Registration Statement only
such portion of the Registrable Securities with respect to which such Holders have requested inclusion pursuant hereto as such limitation permits. No shares of Registrable Securities shall be excluded from the Registration Statement unless all other
securities of the Corporation (including any securities proposed to be registered by the Corporation for its own account) have been so excluded. Any exclusion of Registrable Securities shall be made pro rata among such Holders seeking to include
such shares, in proportion to the number of such shares owned by such Holders. 
  
 Section 4. Registration Procedures 
  
 Section
4.1. Whenever any Holder has requested that any Registrable Securities be registered pursuant to this Annex A, the Corporation will use its commercially reasonable efforts to effect the registration of such Registrable Securities, and in
furtherance thereof the Corporation shall: 
  
 (a) prepare and
file with the Commission a Registration Statement on any appropriate form under the Securities Act with respect to such Registrable Securities and use its commercially reasonable efforts to cause such Registration Statement to become effective;

  
 (b) prepare and file with the Commission such amendments,
including post-effective amendments and supplements to the Registration Statement as may be necessary to keep the Registration Statement continuously effective as to the applicable Registrable Securities for a period of not less than 180 days (or
such lesser period as is necessary for the underwriters in an underwritten offering to sell unsold 
  

 A-4 

 allotments); (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and
as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; (iii) respond as promptly as possible to any comments received from the Commission with respect to the
Registration Statement or any amendment thereto and as promptly as possible provide the Holders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and (iv) comply in all material
respects with the provisions of the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities covered by the Registration Statement during the applicable period in accordance with the intended methods of
disposition by the Holders thereof set forth in the Registration Statement as so amended or in such Prospectus as so supplemented; 
  
 (c) (i) furnish to the Holders of Registrable Securities to be sold, their counsel and any managing underwriters, copies of all such documents proposed to
be filed, which documents (other than those incorporated by reference) will be subject to the reasonable review of such Holders, their counsel and such managing underwriters, and (ii) cause its officers and directors, counsel and independent
certified public accountants to respond to such inquiries as shall be necessary, in the reasonable opinion of respective counsel to such Holders and such underwriters, to conduct a reasonable investigation within the meaning of the Securities Act.

  
 (d) notify the Holders of Registrable Securities to be sold,
their counsel and any managing underwriters as promptly as possible (and in the case of (i) below, not less than five (5) days prior to such filing): 
  
 (i) when a Prospectus or any Prospectus supplement or post-effective amendment to the Registration Statement is proposed to be filed; 
  
 (ii) when the Commission notifies the Corporation whether there will be a
“review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement; 
  
 (iii) with respect to the Registration Statement or any post-effective amendment, when the same has become effective; 
  
 (iv) of any request by the Commission or any other federal or state
Governmental Authority for amendments or supplements to the Registration Statement or Prospectus or for additional information; 
  
 (v) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement covering any or all of the Registrable
Securities or the initiation of any Proceedings for that purpose; 
  
 (vi) if at any time any of the representations and warranties of the Corporation contained in any agreement (including any underwriting agreement) contemplated hereby ceases to be true and correct in all material respects; 
  
 (vii) of the receipt by the Corporation of any notification with respect to
the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any Proceeding for such purpose; and 
  

 A-5 

 (viii) of the occurrence of any event that makes any statement made in the Registration Statement or
Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Registration Statement, Prospectus or other documents so that, in the case of the
Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading; 
  
 (e)
use its commercially reasonable efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order suspending the effectiveness of the Registration Statement or (ii) any suspension of the qualification (or exemption from
qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment; 
  
 (f) if requested by any managing underwriter (which in the case of a Demand Registration shall be selected by mutual agreement of the Corporation and the
demand Holder) in connection with an Underwritten Offering, (i) promptly incorporate in a Prospectus supplement or post-effective amendment to the Registration Statement such information as the Corporation reasonably agrees should be included
therein and (ii) make all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Corporation has received notification of the matters to be incorporated in such Prospectus supplement or
post-effective amendment; provided, however, that the Corporation shall not be required to take any action pursuant to this clause (f) that would, in the opinion of counsel for the Corporation, violate applicable law or be materially
detrimental to the business prospects of the Corporation; 
  
 (g)
furnish to each Holder of Registrable Securities to be sold, their counsel and any managing underwriters, without charge, at least one conformed copy of each Registration Statement and each amendment thereto, including financial statements and
schedules, all documents incorporated or deemed to be incorporated therein by reference, and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such
documents with the Commission; 
  
 (h) promptly deliver to each
Holder of Registrable Securities to be sold, their counsel, and any underwriters, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may
reasonably request; and the Corporation hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders and any underwriters in connection with the offering and sale of the Registrable Securities
covered by such Prospectus and any amendment or supplement thereto; 
  
 (i) prior to any public offering of Registrable Securities, use its commercially reasonable efforts to register or qualify or cooperate with the selling Holders, their counsel and any underwriters in connection with the registration or
qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any selling Holder or underwriter requests
in writing, to keep each such registration or qualification (or exemption therefrom) effective for at least 180 days and to do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the Registrable
Securities covered by a Registration Statement; provided, however, that the Corporation shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or to take any action that would subject
it to general service of process in any such jurisdiction where it is not then so subject or subject the Corporation to any material tax in any such jurisdiction where it is not then so subject; 
  

 A-6 

 (j) cooperate with the selling Holders and any managing underwriters to facilitate the timely preparation
and delivery of certificates representing Registrable Securities to be sold pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by applicable law, of all restrictive legends, and to enable such Registrable
Securities to be in such denominations and registered in such names as any such managing underwriters or Holders may request at least two Business Days prior to any sale of Registrable Securities; 
  
 (k) upon the occurrence of any event contemplated by Section 4(d)(viii) of
this Annex A, as promptly as possible, prepare a supplement or amendment, including a post-effective amendment, to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated
therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain an untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; 
  
 (l) use its commercially reasonable efforts to cause all Registrable Securities relating to such Registration Statement to be listed on the securities
exchange, quotation system, market or over-the-counter bulletin board on which similar securities issued by the Corporation are then listed and to provide a transfer agent and registrar for all Registrable Securities registered pursuant to such
Registration Statement and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; 
  
 (m) enter into such agreements (including an underwriting agreement in form, scope and substance as is customary in Underwritten Offerings) and take all
such other actions in connection therewith (including those reasonably requested by any managing underwriters in order to expedite or facilitate the disposition of such Registrable Securities, and whether or not an underwriting agreement is entered
into), including the following: 
  
 (i) make such
representations and warranties to such selling Holders and such underwriters as are customarily made by issuers to underwriters in underwritten public offerings, and confirm the same if and when requested; 
  
 (ii) in the case of an Underwritten Offering, obtain and deliver copies
thereof to the selling Holders and the managing underwriters, if any, of opinions of counsel to the Corporation and updates thereof addressed to each such selling Holder and underwriter, in form, scope and substance reasonably satisfactory to any
such managing underwriters and counsel to the selling Holders covering the matters customarily covered in opinions requested in Underwritten Offerings and such other matters as may be reasonably requested by such counsel and underwriters;

  
 (iii) immediately prior to the effectiveness of the
Registration Statement, and, in the case of an Underwritten Offering, at the time of delivery of any Registrable Securities sold pursuant thereto, obtain and deliver copies to the selling Holders and the managing underwriters, if any, of “cold
comfort” letters and updates thereof from the independent certified public accountants of the Corporation (and, if necessary, any other independent certified public accountants of any subsidiary of the Corporation or of any business acquired by
the Corporation for which financial statements and financial data is, or is required to be, included in the Registration Statement), addressed to each selling Holder and each of the underwriters, if any, in form and substance as are customary and
reasonable in connection with Underwritten Offerings; 
  

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 (iv) if an underwriting agreement is entered into, the same shall contain indemnification provisions and
procedures no less favorable to the selling Holders and the underwriters, if any, than those set forth in Section 8 of this Annex A (or such other provisions and procedures acceptable to the managing underwriters, if any), and 
  
 (v) deliver such documents and certificates as may be reasonably requested
by the selling Holders, their counsel and any managing underwriters to evidence the continued validity of the representations and warranties made pursuant to clause (i) above and to evidence compliance with any customary conditions contained in the
underwriting agreement or other agreement entered into by the Corporation; 
  
 (n) make available for inspection by the selling Holders, any representative of such Holders, any underwriter participating in any disposition of Registrable Securities, and any attorney or accountant retained by such
selling Holder or underwriters, at the offices where normally kept, during reasonable business hours, all financial and other records, pertinent corporate documents and properties of the Corporation and its subsidiaries, and cause the officers,
directors, agents and employees of the Corporation and its subsidiaries to supply all information in each case reasonably requested by any such Holder, representative, underwriter, attorney or accountant in connection with the Registration
Statement; provided, however, that any information that is determined in good faith by the Corporation in writing to be of a confidential nature at the time of delivery of such information shall be kept confidential by such Persons, unless
(i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities; (ii) disclosure of such information, in the opinion of counsel to such Person, is required by law;
(iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by such Person; or (iv) such information becomes available to such Person from a source other than the Corporation and
such source is not known by such Person to be bound by a confidentiality agreement with the Corporation; and 
  
 (o) comply in all material respects with all applicable rules and regulations of the Commission and make generally available to its security holders
earning statements satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 not later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) (i)
commencing at the end of any fiscal quarter in which Registrable Securities are sold to underwriters in a firm commitment or best efforts Underwritten Offering and (ii) if not sold to underwriters in such an offering, commencing on the first day of
the first fiscal quarter of the Corporation after the effective date of the Registration Statement, which statement shall conform to the requirements of Rule 158. 
  
 Section 4.2. The Corporation may require each selling Holder to furnish to the Corporation information regarding such
Holder and the distribution of such Registrable Securities as is required by law to be disclosed in the Registration Statement, and the Corporation may exclude from such registration the Registrable Securities of any such Holder who unreasonably
fails to furnish such information within a reasonable time after receiving such request. If the Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Corporation, then such Holder shall have the
right to require (if such reference to such Holder by name or otherwise is not required by the Securities Act or any similar federal statute then in force) the deletion of the reference to such Holder in any amendment or supplement to the
Registration Statement filed or prepared subsequent to the time that such reference ceases to be required. 
  

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 Section 5. Lock-Up Agreement 
  
 Each Holder agrees, if such Holder is so requested by the managing underwriter in the IPO, to enter into a Lock-Up
Agreement, provided that, subject to applicable NASD rules, the Lock-Up Period shall not exceed 180 days following the effectiveness of the IPO. 
  
 Section 6. Holder Covenants 
  
 Each Holder hereby covenants and agrees that: 
  
 (a) it will not sell any Registrable Securities under the Registration Statement until it has received notice from the Corporation that such Registration
Statement and any post-effective amendments thereto have become effective; 
  
 (b) it and its officers, directors or Affiliates, if any, will comply with the prospectus delivery requirements of the Securities Act as applicable to them in connection with sales of Registrable Securities pursuant
to a Registration Statement; and 
  
 (c) by its inclusion of such
Registrable Securities in the Registration Statement that, upon receipt of a notice from the Corporation of the occurrence of any event of the kind described in Section 4.1(d)(iv), (v), (vi), (vii) and (viii) of this Annex A, such Holder will
forthwith discontinue disposition of such Registrable Securities under the Registration Statement until such Holder’s receipt of the copies of the supplemented Prospectus and/or amended Registration Statement or until it is advised in writing
by the Corporation that the use of the applicable Prospectus may be resumed, and, in either case, has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such Prospectus or
Registration Statement. 
  
 Section 7. Registration Expenses

  
 Except to the extent limited by the applicable state law,
all fees and expenses incident to the performance of or compliance with this Annex A by the Corporation shall be borne by the Corporation whether or not pursuant to an Underwritten Offering and whether or not any Registration Statement is
filed or becomes effective and whether or not any Registrable Securities are sold pursuant to any Registration Statement. The fees and expenses referred to in the foregoing sentence shall include, without limitation (i) all registration and filing
fees (including, without limitation, fees and expenses (A) with respect to filings required to be made with any securities exchange or market on which Registrable Securities are required hereunder to be listed and (B) in compliance with state
securities or Blue Sky laws (including, without limitation, fees and disbursements of counsel for the Holders in connection with Blue Sky qualifications of the Registrable Securities and determination of the eligibility of the Registrable Securities
for investment under the laws of such jurisdictions as the managing underwriters, if any)); (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities and of printing prospectuses if the
printing of prospectuses is requested by the managing underwriters, if any; (iii) messenger, telephone and delivery expenses; (iv) fees and disbursements of counsel for the Corporation; (v) fees and disbursements of a single counsel for all selling
Holders; (vi) Securities Act liability insurance, if the Corporation so desires such insurance; (vii) fees and expenses of all other Persons retained by the Corporation in connection with the consummation of the transactions contemplated by this
Annex A; and (viii) all of the internal expenses of the Corporation incurred in connection with the consummation of the transactions contemplated by this Annex A (including, without limitation, all salaries and expenses of its officers
and employees performing legal or accounting duties, the expense of any annual audit and the fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange as required hereunder) (all such expenses
being referred to herein as “Registration Expenses”); provided, however, that except as expressly set forth 
  

 A-9 

 herein, in no event shall Registration Expenses include any underwriting discounts, commissions or fees attributable to
the sale of the Registrable Securities or any counsel, accountants or other persons (other than a single counsel for all selling Holders) retained by the Holders incurred in connection with the consummation of the transactions contemplated by this
Annex A. 
  
 Section 8. Indemnification and Contribution

  
 Section 8.1 Indemnification by the Corporation.
The Corporation shall, notwithstanding any termination of this Annex A, indemnify and hold harmless each Holder and their agents, counsel, brokers, investment advisors and employees of each of them and each underwriter of the Registrable
Securities and their officers, directors, Affiliates, partners and any broker or dealer through whom such shares may be sold and each Person, if any, who controls (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange
Act) such Holder or any such underwriter to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, costs of preparation and attorneys’ fees) and
expenses (collectively, “Losses”), as incurred, arising out of or relating to any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus or any form of prospectus or in
any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any
Prospectus or form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading, except to the extent, but only to the extent, that such untrue statements or omissions are based solely upon
information regarding such Holder furnished in writing to the Corporation by such Holder expressly for use therein, which information was reasonably relied on by the Corporation for use therein or to the extent that such information relates to such
Holder or such Holder’s proposed method of distribution of Registrable Securities and was reviewed and expressly approved in writing by such Holder expressly for use in any Registration Statement, such Prospectus or such form of Prospectus or
in any amendment or supplement thereto. The Corporation shall notify the Holders promptly of the institution, threat or assertion of any Proceeding of which the Corporation is aware in connection with the transactions contemplated by this Annex
A. 
  
 Section 8.2 Indemnification by Holders. Each
Holder shall, severally and not jointly, indemnify and hold harmless the Corporation, the directors, officers, agents, counsel and employees, each Person who controls the Corporation (within the meaning of Section 15 of the Securities Act and
Section 20 of the Exchange Act), and the directors, officers, agents, counsel or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and against all Losses, as incurred, arising solely out of or based
solely upon any untrue statement of a material fact contained in the Registration Statement, any Prospectus, or any form of prospectus, or arising solely out of or based solely upon any omission of a material fact required to be stated therein or
necessary to make the statements therein not misleading to the extent, but only to the extent, that such untrue statement or omission is contained in any information so furnished in writing by such Holder to the Corporation specifically for
inclusion in the Registration Statement or such Prospectus and that such information was reasonably relied upon by the Corporation for use in the Registration Statement, such Prospectus or such form of prospectus or to the extent that such
information relates to such Holder or such Holder’s proposed method of distribution of Registrable Securities and was reviewed and expressly approved in writing by such Holder expressly for use in the Registration Statement, such Prospectus or
such form of Prospectus. In no event shall the liability of any selling Holder hereunder be greater in amount than the dollar amount of the net proceeds received by such Holder upon the sale of the Registrable Securities giving rise to such
indemnification obligation. 
  

 A-10 

 Section 8.3 Conduct of Indemnification Proceedings. 
  
 (a) If any Proceeding shall be brought or asserted against any Person
entitled to indemnity hereunder (an “Indemnified Party”), such Indemnified Party promptly shall notify the Person from whom indemnity is sought (the “Indemnifying Party”) in writing, and the
Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees and expenses incurred in connection with defense thereof; provided, that the
failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Annex A, except (and only) to the extent that it shall be finally determined by a court of
competent jurisdiction (which determination is not subject to appeal or further review) that such failure shall have proximately and materially adversely prejudiced the Indemnifying Party. 
  
 (b) An Indemnified Party shall have the right to employ separate counsel in
any such Proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed in writing to pay such fees and
expenses; or (2) the Indemnifying Party shall have failed promptly to assume the defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or (3) the named parties to any such
Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party, and such Indemnified Party shall have been advised by counsel that a conflict of interest is likely to exist if the same counsel were to
represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying
Party shall not have the right to assume the defense thereof and such counsel shall be at the expense of the Indemnifying Party). The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without its written
consent, which consent shall not be unreasonably withheld. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of which any Indemnified Party is a party,
unless such settlement includes an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding. 
  

(c) All fees and expenses of the Indemnified Party (including reasonable fees and expenses to the extent incurred in connection with investigating or
preparing to defend such Proceeding in a manner not inconsistent with this Section) shall be paid to the Indemnified Party, as incurred, within ten (10) Business Days of written notice thereof to the Indemnifying Party (regardless of whether it is
ultimately determined that an Indemnified Party is not entitled to indemnification hereunder; provided, that the Indemnifying Party may require such Indemnified Party to undertake to reimburse all such fees and expenses to the extent it is
finally judicially determined that such Indemnified Party is not entitled to indemnification hereunder). 
  
 Section 8.4 Contribution. 
  
 (a) If a claim for indemnification under Section 8.1 or 8.2 is unavailable to an Indemnified Party because of a failure or refusal of a Governmental
Authority to enforce such indemnification in accordance with its terms (by reason of public policy or otherwise), then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such
Indemnified Party as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as
well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue
statement of a material fact or omission or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access
to information 
  

 A-11 

 and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a party as a
result of any Losses shall be deemed to include, subject to the limitations set forth herein, any reasonable attorneys’ or other reasonable fees or expenses incurred by such party in connection with any Proceeding to the extent such party would
have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. In no event shall the liability of any selling Holder hereunder be greater in amount than
the dollar amount of the net proceeds received by such Holder upon the sale of the Registrable Securities giving rise to an indemnification or contribution obligation hereunder. 
  
 (b) The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 8 were
determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of this Section 8, no Holder shall
be required to contribute, in the aggregate, any amount in excess of the amount by which the proceeds actually received by such Holder from the sale of the Registrable Securities subject to the Proceeding exceeds the amount of any damages that such
Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 
  
 (c) The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the
Indemnified Parties. 
  
 Section 8.5 Rule 144. Following
the IPO, the Corporation covenants that: 
  
 (a) it will file the
reports required to be filed by the Corporation under the Securities Act and the Exchange Act, so to enable the Holders to sell Registrable Securities pursuant to Rule 144 under the Securities Act; 
  
 (b) it shall cooperate with any Holder in connection with any sale, transfer
or other disposition by such Holder of any Registrable Securities pursuant to Rule 144 under the Securities Act; 
  
 (c) it will take such action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell its Common
Stock without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities Act, including providing any legal opinions; and 
  
 (d) upon the request of any Holder, it shall deliver to such Holder a written
certification of a duly authorized officer as to whether it has complied with such requirements. 
  
 Section 9. Term of Registration Rights. 
  
 The rights of Holders with respect to the registration rights granted pursuant to this Annex A shall remain in effect, subject to the terms hereof,
so long as there are Registrable Securities or securities which are convertible or exchangeable for Registrable Securities issued and outstanding. 
  

 A-12

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