Document:

EXHIBIT 10.3

 

	
 

	
Norwegian Shipbrokers’ Association’s Memo-

	
MEMORANDUM OF AGREEMENT

	
randum of Agreement for sale and purchase of

	
 

	
ships. Adopted by The Baltic and International

		
Maritime Council (BIMCO) in 1956.

	
Dated:     2 July 2013

	
Code-name

	
 

	
SALEFORM 1993

	
 

	
Revised 1966, 1983 and 1986/87.

 

	
Harmony Maritime Co. Ltd., Pineapple Grove, Unit 3, Old Fort Bay, Nassau, Bahamas hereinafter

	
1

	
called the Sellers, have agreed to sell, and Baltic Hare Limited, Registered Address:TrustCompany Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH 96960. Mailing Address: c/o Baltic Trading Limited, 299 Park Avenue, 12th Floor, New York, NY 10171. 

	
 

	
hereinafter called the Buyers, have agreed to buy

	
2

	
Name: Clipper Harmony

	
3

	
Classification Society/Class: American Bureau of Shipping

	
4

 

	
Built: 2009

	
By: Hakodate

	
5

	
Flag: Bahamas

	
Place of Registration: Nassau

	
6

	
Call Sign: C6V2066

	
Grt/Nrt: 19831/10546

	
7

	
Register IMO Number: 9397236

	
8

	
 

	
 

	
 

	
hereinafter called the Vessel, on the following terms and conditions:

	
9

	
 

	
 

	
Definitions

	
10

	
 

	
 

	
 

	
"Banking days" are days on which banks are open both in the country of the currency

	
11

	
stipulated for the Purchase Price in Clause 1 and in the place of closing stipulated in Clause 8.

	
12

	
 

	
 

	
 

	
"In writing" or "written" means a letter handed over from the Sellers to the Buyers or vice versa,

	
13

	
a registered letter, telex, telefax or other modern form of written communication.

	
14

	
Notwithstanding anything to the contrary in the Memorandum of Agreement, all communication will be primarily by email; facsimile will be an secondary means of communications. All communications will be addressed to John C. Wobensmith, email address JOHN.WOBENSMITH@GENCOSHIPPING.COM, and concurrently to Robert Gerald Buchanan, email address at GBUCHANAN@GENCOSHIPPING.COM. The Buyers facsimile number is +1 646 443 8527. The Sellers will not give any notice to Buyers by facsimile on any weekend from Friday as of close of business Copenhagen until opening hours of business in Copenhagen on the following Monday, or Tuesday (if Monday is a holiday).

	
 

	
"Classification Society" or "Class" means the Society referred to in line 4.

	
15

	 	
	
1.

	
Purchase Price USD 20,000,000 (United States Dollars Twenty Million only)

	
16

	
 

	
 

	
 

	
2.

	
Deposit

	
17

	 		
	
As security for the correct fulfilment of this Agreement the Buyers shall pay a deposit of 10 %

	
18

	
(ten per cent) of the Purchase Price within 3 banking days from the date of this

	
19

	
Agreement signed by e-mail (PDF copy) and joint account opened. This deposit shall be placed with Nordea Bank A/S, Copenhagen

	
20

	
and held by them in a joint account for the Sellers and the Buyers, to be released in accordance

	
21

	
with joint written instructions of the Sellers and the Buyers. Interest, if any, to be credited to the

	
22

	
Buyers. Any fee charged for holding, operating and closing the said deposit shall be borne

	
23

	
equally by the Sellers and the

	
 

	
Buyers.

	
24

	
 

	
 

	
3.

	
Payment

	
25

	 	
	
The said Purchase Price shall be paid in full free of bank charges to Nordea Bank A/S, Copenhagen

	
26

	
on delivery of the Vessel, but not later than 3 banking days after the Vessel is in every respect

	
27

	
physically ready for delivery in accordance with the terms and conditions of this Agreement and

	
28

This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.

	
Notice of Readiness has been given in accordance with Clause 5.

	
29

	
 

	
 

	
 

	
4.

	
Inspections

	
30

	
 

	
 

	
 

	
a)*

	
The Buyers have inspected and accepted the Vessel's classification records. The Buyers

	
31

	
 

	
have also inspected the Vessel at/in on

	
32

	
 

	
and have accepted the Vessel following this inspection and the sale is outright and definite,

	
33

	
 

	
subject only to the terms and conditions of this Agreement.

	
34

	
 

	
 

	
 

	
b)*

	
The Buyers shall have the right to inspect the Vessel's classification records and declare

	
35

	
 

	
whether same are accepted or not within

	
36

	
 

	
The Sellers shall provide for inspection of the Vessel at/in

	
37

	
 

	
The Buyers shall undertake the inspection without undue delay to the Vessel. Should the

	
38

	
 

	
Buyers cause undue delay they shall compensate the Sellers for the losses thereby incurred.

	
39

	
 

	
The Buyers shall inspect the Vessel without opening up and without cost to the Sellers.

	
40

	
 

	
During the inspection, the Vessel's deck and engine log books shall be made available for

	
41

	
 

	
examination by the Buyers. If the Vessel is accepted after such inspection, the sale shall

	
42

	
 

	
become outright and definite, subject only to the terms and conditions of this Agreement,

	
43

	
 

	
provided the Sellers receive written notice of acceptance from the Buyers within 72 hours

	
44

	
 

	
after completion of such inspection.

	
45

	
 

	
Should notice of acceptance of the Vessel's classification records and of the Vessel not be

	
46

	
 

	
received by the Sellers as aforesaid, the deposit together with interest earned shall be

	
47

	
 

	
released immediately to the Buyers, whereafter this Agreement shall be null and void.

	
48

	
 

	
 

	
 

	
 

	
* 4 a) and 4b) are alternatives; delete whichever is not applicable. In the absence of deletions,

	
49

	
 

	
alternative 4a) to apply.

	
50

	
 

	
 

	
 

	
5.

	
Notices, time and place of delivery

	
51

	
 

	
 

	
 

	
a)

	
The Sellers shall keep the Buyers well informed of the Vessel's itinerary and shall

	
52

	
 

	
provide the Buyers with 20, 15, and 10/5/2 approximate days notice of the estimated time of arrival at the

	
53

	
 

	
intended place of drydocking/underwater inspection/delivery. When the Vessel is at the place

	
54

	
 

	
of delivery and in every respect physically ready for delivery in accordance with this

	
55

	
 

	
Agreement, the Sellers shall give the Buyers a written Notice of Readiness for delivery.

	
56

	
 

	
 

	
 

	
b)

	
The Vessel shall be delivered and taken over safely afloat at a safe and accessible berth or

	
57

	
 

	
anchorage at/in Worldwide

	
58

	
 

	
in the Sellers' option.

	
59

	
 

	
 

	
 

	
 

	
Expected time of delivery: 01 July 2013- 30 September 2013

	
60

	
 

	
 

	
 

	
 

	
Date of cancelling (see Clauses 5 c), 6 b) (iii) and 14): 30 September 2013, in Buyers option.

	
61

	
 

	
 

	
 

	
c)

	
If the Sellers anticipate that, notwithstanding the exercise of due diligence by them, the

	
62

	
 

	
Vessel will not be ready for delivery by the cancelling date they may notify the Buyers in

	
63

	
 

	
writing stating the date when they anticipate that the Vessel will be ready for delivery and

	
64

	
 

	
propose a new cancelling date. Upon receipt of such notification the Buyers shall have the

	
65

	
 

	
option of either cancelling this Agreement in accordance with Clause 14 within 7 3 Banking running

	
66

	
 

	
days of receipt of the notice or of accepting the new date as the new cancelling date. If the

	
67

	
 

	
Buyers have not declared their option within 7 3 Banking running days of receipt of the Sellers'

	
68

	
 

	
notification or if the Buyers accept the new date, the date proposed in the Sellers' notification

	
69

	
 

	
shall be deemed to be the new cancelling date and shall be substituted for the cancelling

	
70

	
 

	
date stipulated in line 61.

	
71

	
 

	
If this Agreement is maintained with the new cancelling date all other terms and conditions

	
72

	
 

	
hereof including those contained in Clauses 5 a) and 5 c) shall remain unaltered and in full

	
73

	
 

	
force and effect. Cancellation or failure to cancel shall be entirely without prejudice to any

	
74

	
 

	
claim for damages the Buyers may have under Clause 14 for the Vessel not being ready 75

	
 

	
 

	
by 

the original cancelling date.

	
76

	
 

	
 

	
 

	
d)

	
Should the Vessel become an actual, constructive or compromised total loss before delivery

	
77

	
 

	
the deposit together with interest earned shall be released immediately to the Buyers

	
78

This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.

	
 

	
whereafter this Agreement shall be null and void.

	
79

	
 

	
 

	
 

	
 

	
e) For the avoidance of doubt, the day on which any notice is given by either one party to the other party will be excluded from the total number of days required for such notice, or reply.

	
 

	
 

	
 

	
 

	
 

	
f) Notwithstanding the Sellers option to deliver the Vessel WORLDWIDE the Sellers agree that the Vessels place of delivery will not include any area, or port within the jurisdiction of any nation that is prohibited under the laws of the United States of America, the United Nations or the European Union.

	
 

	
 

	
 

	
 

	
6.

	
Drydocking/Divers Inspection

	
80

	
 

	
 

	
 

	
a)**

	
The Sellers shall place the Vessel in drydock at the port of delivery for inspection by the

	
81

	
 

	
Classification Society of the Vessel's underwater parts below the deepest load line, the

	
82

	
 

	
extent of the inspection being in accordance with the Classification Society's rules. If the

	
83

	
 

	
rudder, propeller, bottom or other underwater parts below the deepest load line are found

	
84

	
 

	
broken, damaged or defective so as to affect the Vessel's class, such defects shall be made

	
85

	
 

	
good at the Sellers' expense to the satisfaction of the Classification Society without

	
86

	
 

	
condition/recommendation*.

	
87

	
 

	
 

	
 

	
b)**

	
(i)      The Vessel is to be delivered without drydocking. However, the Buyers shall

	
88

	
 

	
have the right at their expense to arrange for an underwater inspection by a diver approved

	
89

	
 

	
by the Classification Society prior to the delivery of the Vessel. The Sellers shall at their

	
90

	
 

	
cost make the Vessel available for such inspection. Buyers will arrange for underwater

	
91

	
 

	
inspection unless the Buyer gives the Seller notice that it waives the Underwater inspections prior to the vessels arrival at the delivery port. The extent of the inspection and the conditions under which it is performed shall be to the satisfaction of the Classification

	
92

	
 

	
Society. If the conditions at the port of delivery are unsuitable for such inspection, the

	
93

	
 

	
Sellers shall make the Vessel available at a suitable alternative place near to the delivery

	
94

	
 

	
port.

	
95

	
 

	
 

	
 

		
(ii)      If the rudder, propeller, bottom or other underwater parts below the deepest load line

	
96

	
 

	
are found broken, damaged or defective so as to affect the Vessel's class, then unless

	
97

	
 

	
repairs can be carried out afloat to the satisfaction of the Classification Society, the Sellers

	
98

	
 

	
shall arrange for the Vessel to be drydocked at their expense for inspection by the

	
99

	
 

	
Classification Society of the Vessel's underwater parts below the deepest load line, the

	
100

	
 

	
extent of the inspection being in accordance with the Classification Society's rules. If the

	
101

	
 

	
rudder, propeller, bottom or other underwater parts below the deepest load line are found

	
102

	
 

	
broken, damaged or defective so as to affect the Vessel's class, such defects shall be made

	
103

	
 

	
good by the Sellers at their expense to the satisfaction of the Classification Society

	
104

	
 

	
without condition/recommendation*. In such event the Sellers are to pay also for the cost of

	
105

	
 

	
the underwater inspection and the Classification Society's attendance.

	
106

	
 

	
 

	
 

	
 

	
(iii)      If the Vessel is to be drydocked pursuant to Clause 6 b) (ii) and no suitable dry-

	
107

	
 

	
docking facilities are available at the port of delivery, the Sellers shall take the Vessel

	
108

	
 

	
to a port where suitable drydocking facilities are available, whether within or outside the

	
109

	
 

	
delivery range as per Clause 5 b). Once drydocking has taken place the Sellers shall deliver

	
110

	
 

	
the Vessel at a port within the delivery range as per Clause 5 b) which shall, for the

	
111

	
 

	
purpose of this Clause, become the new port of delivery. In such event the cancelling date

	
112

	
 

	
provided for in Clause 5 b)) shall be extended by the additional time required for the

	
113

	
 

	
drydocking and extra steaming, but limited to a maximum of 14 28 running days.

	
114

	
 

	
 

	
 

	
 

	
If the Divers’s inspection reveals damage to the underwater parts which would effect the Class but the Class surveyor approves the repair to be deferred until Vessel’s next scheduled drydocking, the Sellers and the Buyers shall mutually agree on a monetary compensation in lieu of the actual repair. In the event that an agreement cannot be reached the compensation applicable shall be calculated as the average of 2 (two) quotations from 2(two) Chinese Shipyards, 1(one) obtained by the Sellers and 1 (one) obtained by the Buyers.

	
 

	
 

	
 

	
 

	
c)

	
If the Vessel is drydocked pursuant to Clause 6 a) or 6 b) above

	
115

	
 

	
 

	
 

	
 

	
(i)      the Classification Society may require survey of the tailshaft system, the extent of

	
116

	
 

	
the survey being to the satisfaction of the Classification surveyor. If such survey is not

	
117

	
 

	
required by the Classification Society, the Buyers shall have the right to require the tailshaft

	
118

This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.

	
 

	
to be drawn and surveyed by the Classification Society, the extent of the survey being in

	
119

	
 

	
accordance with the Classification Society's rules for tailshaft survey and consistent with

	
120

	
 

	
the current stage of the Vessel's survey cycle. The Buyers shall declare whether they

	
121

	
 

	
require the tailshaft to be drawn and surveyed not later than by the completion of the

	
122

	
 

	
inspection by the Classification Society. The drawing and refitting of the tailshaft shall be

	
123

	
 

	
arranged by the Sellers. Should any parts of the tailshaft system be condemned or found

	
124

	
 

	
defective so as to affect the Vessel's class, those parts shall be renewed or made good at

	
125

	
 

	
the  Sellers'  expense  to  the  satisfaction  of  the  Classification Society  without

	
126

	
 

	
condition/recommendation*.

	
127

	
 

	
 

	
 

	
 

	
(ii)      the  expenses relating to the survey of the tailshaft system shall be borne

	
128

	
 

	
by the Buyers unless the Classification Society requires such survey to be carried out, in

	
129

	
 

	
which case the Sellers shall pay these expenses. The Sellers shall also pay the expenses

	
130

	
 

	
if the Buyers require the survey and parts of the system are condemned or found defective

	
131

	
 

	
or broken so as to affect the Vessel's class*.

	
132

	
 

	
 

	
 

	
 

	
(iii)      the expenses in connection with putting the Vessel in and taking her out of

	
133

	
 

	
drydock, including the drydock dues and the Classification Society's fees shall be paid by

	
134

	
 

	
the Sellers if the Classification Society issues any condition/recommendation* as a result

	
135

	
 

	
of the survey or if it requires survey of the tailshaft system. In all other cases the Buyers

	
136

	
 

	
shall pay the aforesaid expenses, dues and fees.

	
137

	
 

	
 

	
 

	
 

	
(iv)      the Buyers' representative shall have the right to be present in the drydock, but

	
138

	
 

	
without interfering with the work or decisions of the Classification surveyor.

	
139

	
 

	
 

	
 

	
 

	
(v)      the Buyers shall have the right to have the underwater parts of the Vessel

	
140

	
 

	
cleaned and painted at their risk and expense without interfering with the Sellers' or the

	
141

	
 

	
Classification surveyor's work, if any, and without affecting the Vessel's timely delivery. If,

	
142

	
 

	
however, the Buyers' work in drydock is still in progress when the Sellers have

	
143

	
 

	
completed the work which the Sellers are required to do, the additional docking time

	
144

	
 

	
needed to complete the Buyers' work shall be for the Buyers' risk and expense. In the event

	
145

	
 

	
that the Buyers' work requires such additional time, the Sellers may upon completion of the

	
146

	
 

	
Sellers' work tender Notice of Readiness for delivery whilst the Vessel is still in drydock

	
147

	
 

	
and the Buyers shall be obliged to take delivery in accordance with Clause 3, whether

	
148

	
 

	
the Vessel is in drydock or not and irrespective of Clause 5 b).

	
149

	
*

	
Notes, if any, in the surveyor's report which are accepted by the Classification Society

	
150

	
 

	
without condition/recommendation are not to be taken into account.

	
151

	
**

	
6 a) and 6 b) are alternatives; delete whichever is not applicable. In the absence of deletions,

	
152

	
 

	
alternative 6 a) to apply.

	
153

	
 

	
 

	
 

	
7.

	
Spares/bunkers, etc.

	
154

	 		
	
The Sellers shall deliver the Vessel to the Buyers with everything belonging to her on board and on

	
155

	
shore. All spare parts and spare equipment onboard including spare tail-end shaft(s)

	
156

	
and/or spare propeller(s)/propeller blade(s), if any, belonging to the Vessel at the time of inspection used or

	
157

	
unused, whether on board or not shall become the Buyers' property, but spares on order are to

	
158

	
be excluded. Forwarding charges, if any, shall be for the Buyers' account. The Sellers are not required to

	
159

	
replace spare parts including spare tail - end shaft(s) and spare propeller(s)/propeller blade(s)

	
160

	
which are taken out of spare and used as replacement prior to delivery, but the replaced items shall be the

	
161

	
property of the Buyers. The radio installation and navigational equipment shall be included in the sale

	
162

	
without extra payment if they are the property of the Sellers. Unused stores and provisions shall be

	
163

	
included in the sale and be taken over by the Buyers without extra payment.

	
164

	
The Sellers have the right to take ashore crockery, plates, cutlery, linen and other articles bearing the

	
165

	
Sellers' flag or name, provided they replace same with similar unmarked items. Library, forms, etc.,

	
166

	
exclusively for use in the Sellers' vessel(s), shall be excluded without compensation. Captain's,

	
167

	
Officers' and Crew's personal belongings including the slop chest are to be excluded from the

	
168

	
sale,

	
 

	
as well as the following additional items (including items on hire):

	
169

	
 

	
 

	
 

	
Items excluded from sale:

	
 

	
 

	
 

	
 

	
Captains, Officers and Crews personal belonging including slop chest, ISM manual and original certificates which need to be returned to the issuing authorities are to be excluded from sale

	
 

This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.

	
as well as the flowing additional items:

	
 

	
 

	
1

	
Certificate of Registry;

	
2

	
Radio Station Licence

	
3

	
Minimum safe Manning certificate

	
4

	
Bunker CLC

	
5

	
ISM - Safety Management Certificate;

	
6

	
ISM - Document of Compliance;

	
7

	
ISPS - International Ship Security Certificate;

	
8

	
P&I Certificate of Entry

	
9

	
H&M cover note

	
10

	
ITF Green cards

	
11

	
Crew CRA ( to be handed over to the seafarers)

	
12

	
Other Crew related documents

	
13

	
Ship Security Plan (SSP) and equipment

	
14

	
SOPEP Manual (only pages with Owners details).

	
15

	
Clipper & Wallem Property Documents and Manuals

	
16

	
Deck log books and Engine log books

	
17

	
Planned Maintenance System software

	
18

	
PC software packages covered by Clippers General Licences

	
19

	
GOA Security Package incl. night Vision Binocular and irridium phone for citadel

	
20

	
Leased Oxygen, Acetylen, Freon, Nitrogen bottles and similar.

	
21

	
Clipper & Wallem Stationary

	
22

	
High pressure washer machine incl. accessories

	
23

	
Chartco Equipment

	
24

	
NTVRP, Shore Based Maintenance Agreement, NOI and other US documents

	
25

	
Uniforms and working clothes stocked on board.

	
26

	
Videotel on demand

	
27

	
Premet Lemag main engine performance indicator

	
Buyers to have the option to continue, where possible with the supplier, with hired or leased items.

	
 

	
 

	
 

	
 

	
The Buyers shall take over the remaining bunkers and unused lubricating oils in storage tanks and

	
170

	
sealed drums and pay the current Sellers last net contract market price (excluding barging

	
171

	
expenses) (actual invoices may not be available, but Sellers shall provide whatever documentation available) If original invoices not available, Platts price quoted, at port of delivery, 2 days before delivery to apply.at the port and date of delivery of the Vessel. Buyers and Sellers to conduct a joint survey of Bunker and lub oil

	
172

	
quantities onboard at the time of delievry.

	
 

	
Payment under this Clause shall be made at the same time and place and in the same currency as

	
173

	
the Purchase Price.

	
174

	 	
	
8.

	
Documentation

	
175

	 		
	
The place of closing: Copenhagen

	
176

	
 

	
 

	
 

	
SCHEDULE OF DOCUMENTS REQUIRED BY THE BUYERS.

	
 

	
 

	
 

	
 

	
1. Original set of Resolutions of the Board of Directors of the Sellers duly notarized and apostilled approving and ratifying the sale of the Vessel to the Buyers and authorizing the Sellers' attorneys-in-fact to sign the MOA and any addenda thereto, to execute and deliver the

	
 

This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.

	
Bill of Sale, to release any deposit, to sign the Protocol of Delivery and Acceptance and all other documents, including Power(s) of Attorney, which are relating to the sale and delivery of the Vessel to Buyers.

	
 

	
2. Original Power of Attorney of the Sellers duly notarized and apostilled, authorizing a person or persons as attorney(s)-in-fact of the Sellers to execute the Bill of Sale, the Protocol of Delivery and Acceptance and all other sale documents on behalf of the Sellers, to sign a receipt of funds received at Sellers' Bank, to release the 10% deposit, to transfer title to the Vessel to the Buyers and to delete same from the Registry of the Bahamas.

	
 

	
3. Secretarys Certificate confirming the current directors of the company.

	
 

	
4. Copy of the Articles of Incorporation of the Sellers duly certified as true copy by notary or a lawyer.

	
 

	
5. Certificate of Good Standing of the Sellers dated not earlier than twenty (20) banking days prior to the delivery of the Vessel.

	
 

	
6. Transcript of Register issued at closing evidencing the Sellers' ownership of the Vessel and stating that there are no registered encumbrances and mortgages over the Vessel.

	
 

	
7. Four (4) Original Bill of Sale (Buyers to advise type of Form) transferring the title to the Vessel to the Buyers and stating that the Vessel is free from any encumbrances, mortgages, maritime liens and any other debts or claims whatsoever, duly executed, notarized and apostilled.

	
 

	
8. Class Maintenance Certificate issued by the Classification Society of the Vessel stating that the Vessel's class is fully maintained without any condition/recommendation. Such certificate to be dated not earlier than three (3) banking days prior to Vessels delivery.

	
 

	
9. Copies of all Certificates of Class for the Vessel, issued by the Classification Society of the Vessel will be delivered to Buyers representative on board the Vessel.

	
 

	
10. Letter of undertaking to provide the original Certificate of Deletion or closed Transcript of Register issued by the Registry of the Bahamas within 15 days after delivery of the Vessel, if requested by the Buyers.

	
 

	
11. Original Continuous Synopsis Record document evidencing the sale of the Vessel to the Buyers or failing the availability of such CSR document at the time of closing a letter or undertaking to deliver such original CSR document within 15 running days of the date of delivery.

	
 

	
12. Letter of Undertaking signed by a duly authorized attorney-in-fact of the Sellers, dated on the date of closing, stating that to the best of Sellers' knowledge the Vessel under present ownership is not blacklisted by any nation, organization or trade body.

	
 

	
13. Letter of Undertaking signed by a duly authorized attorney-in-fact of the Sellers, dated on the date of closing, confirming that to the best of Sellers knowledge the Vessel has not touched bottom nor had any collision since the last diving survey / underwater inspection done on the Vessel initiated by the Buyers.

	
 

	
14. Commercial Invoice for the Vessel (In triplicate).

	
 

	
16. Commercial Invoice for remaining bunkers and unused luboils as per clause 7 of the MOA (in duplicate) as well as further documentation of as stipulated in clause 7 of the MOA.

	
 

	
17. Protocol of Delivery and Acceptance (in triplicate) to be signed at the documentary closing meeting on the day of delivery.

	
 

	
18. A copy of the Sellers letter to their communication provider cancelling the Vessels communications contract which is to be sent to such communications provider immediately after the delivery of the Vessel.

	
 

	
19. Any additional documents as may be reasonably be required by the Marshall Islands ship registry, or other ship registry nominated by the Buyers for the purpose of registering the Vessel provided that the Buyers notify the Sellers of any such documents before the 15 days notice provided for in Clause 5 (a) of NSF 1993.

This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.

	
20. All of the Vessels technical documents not excluded in Clause 7 (Lines 160 through 170) including but not limited to plans, drawings, manuals on board the Vessel.

	
 

	
 

	
 

	
21. If the Vessel is drydocked pursuant to Clause 6 (a) (ii) the Seller will deliver a statement, letter, or declaration from the Drydock at the time of the delivery of the Vessel, that the Drydock will not hold the Vessel responsible for any of Sellers work performed by the Drydock, and the Drydock waives any and all maritime liens against the Vessel for services performed for the account and the benefit of the Seller.

	
 

	
 

	
 

	
II. Buyers' Documents:

	
 

	
 

	
 

	
1. Original set of Resolutions of the Board of Directors of the Buyers duly notarized including as to capacity and authority of the signatories and apostilled in which the Buyers resolve to purchase the Vessel from the Sellers for the Purchase Price.

	
 

	
 

	
 

	
2. Original Powers of Attorney of the Buyers duly notarized and apostilled granting power of attorney to the directors of the Buyers and any other signatory covering the transaction contemplated herein and executed pursuant to the above.

	
 

	
 

	
 

	
3. Articles of incorporation duly certified by the Secretary of the Buyers.

	
 

	
 

	
 

	
4. Certificate of Good Standing of the Buyers, dated not later than seven (7) working days prior to the delivery of the Vessel.

	
 

	
 

	
 

	
The Sellers and Buyers shall provide each other with a draft and/or sample of each of the requested documents latest nineteen (19) days prior to the intended date of Vessels delivery, for approval.

	
 

 

	
In exchange for payment of the Purchase Price the Sellers shall furnish the Buyers with delivery

	
177

	
documents, namely:

	
178

	 		
	
a)

	
Legal Bill of Sale in a form recordable in (the country in which the Buyers are

	
179

	
 

	
to register the Vessel), warranting that the Vessel is free from all encumbrances, mortgages

	
180

	
 

	
and maritime liens or any other debts or claims whatsoever, duly notarially attested and

	
181

	
 

	
legalized by the consul of such country or other competent authority.

	
182

	
 

	
 

	
 

	
b)

	
Current Certificate of Ownership issued by the competent authorities of the flag state of

	
183

	
 

	
the Vessel.

	
184

	
 

	
 

	
 

	
c)

	
Confirmation of Class issued within 72 hours prior to delivery.

	
185

	
 

	
 

	
 

	
d)

	
Current Certificate issued by the competent authorities stating that the Vessel is free from

	
186

	
 

	
registered encumbrances.

	
187

	 		
	
e)

	
Certificate of Deletion of the Vessel from the Vessel's registry or other official evidence of

	
188

	
 

	
deletion appropriate to the Vessel's registry at the time of delivery, or, in the event that the

	
189

	
 

	
registry does not as a matter of practice issue such documentation immediately, a written

	
190

	
 

	
undertaking by the Sellers to effect deletion from the Vessel's registry forthwith and furnish a

	
191

	
 

	
Certificate or other official evidence of deletion to the Buyers promptly and latest within 4

	
192

	
 

	
(four) weeks after the Purchase Price has been paid and the Vessel has been delivered.

	
193

	
 

	
 

	
 

	
f)

	
Any such additional documents as may reasonably be required by the competent authorities

	
194

	
 

	
for the purpose of registering the Vessel, provided the Buyers notify the Sellers of any such

	
195

	
 

	
documents as soon as possible after the date of this Agreement.

	
196

	
 

	
 

	
 

	
At the time of delivery the Buyers and Sellers shall sign and deliver to each other a Protocol of

	
197

	
Delivery and Acceptance confirming the date and time of delivery of the Vessel from the Sellers to the

	
198

	
Buyers.

	
199

	
At the time of delivery the Sellers shall hand to the Buyers the classification certificate(s) as well as all

	
200

	
plans etc., which are on board the Vessel. Other certificates which are on board the Vessel shall also

	
201

	
be handed over to the Buyers unless the Sellers are required to retain same, in which case the

	
202

	
Buyers to have the right to take copies. Other technical documentation which may

	
203

	
be in the Sellers' possession shall be promptly forwarded to the Buyers at their expense, if they so

	
204

	
request. The Sellers may keep the Vessel's log books but the Buyers to have the right to take

	
205

	
copies of same.

	
 

	
206

	
 

	
 

	
 

	
9.

	
Encumbrances

	
207

	 	
	
The Sellers warrant that the Vessel, at the time of delivery, is free from all charters, encumbrances,

	
208

 

This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.

	
mortgages and maritime liens or any other debts whatsoever. The Sellers hereby undertake

	
209

	
to indemnify the Buyers against all consequences of claims made against the Vessel which have

	
210

	
been incurred prior to the time of delivery.

	
211

	 		
	
10.

	
Taxes, etc.

	
212

	 		
	
Any taxes, fees and expenses in connection with the purchase and registration under the Buyers'

	
213

	
flag

	
 

	
shall be for the Buyers' account, whereas similar charges in connection with the closing of the Sellers'

	
214

	
register shall be for the Sellers' account.

	
215

	 		
	
11.

	
Condition on delivery

	
216

	 		
	
The Vessel with everything belonging to her shall be at the Sellers' risk and expense until she is

	
217

	
delivered to the Buyers, but subject to the terms and conditions of this Agreement she shall be

	
218

	
delivered and taken over as she was at the time of inspection, fair wear and tear excepted.

	
219

	
However, the Vessel shall be delivered with her class maintained without condition/recommendation*,

	
220

	
free of average damage affecting the Vessel's class, and with her classification certificates and

	
221

	
national certificates, as well as all other certificates the Vessel had at the time of inspection, valid and

	
222

	
unextended without condition/recommendation* by Class or the relevant authorities at the time of

	
223

	
delivery.

	
224

	
"Inspection" in this Clause 11, shall mean the Buyers' inspection according to Clause 4 a) or 4 b), if

	
225

	
applicable, or the Buyers' inspection prior to the signing of this Agreement. If the Vessel is taken over

	
226

	
without inspection, the date of this Agreement shall be the relevant date.

	
227

	 		
	*	
Notes, if any, in the surveyor's report which are accepted by the Classification Society

	
228

	 	
without condition/recommendation are not to be taken into account.

	
229

	
 

	
 

	
 

	
12.

	
Name/markings

	
230

	 		
	
Upon delivery the Buyers undertake to change the name of the Vessel and alter funnel markings.

	
231

	 		
	
13.

	
Buyers' default

	
232

	 		
	
Should the deposit not be paid in accordance with Clause 2, the Sellers have the right to cancel this

	
233

	
Agreement, and they shall be entitled to claim compensation for their losses and for all expenses

	
234

	
incurred together with interest.

	
235

	
Should the Purchase Price not be paid in accordance with Clause 3, the Sellers have the right to

	
236

	
cancel the Agreement, in which case the deposit together with interest earned shall be released to

	
237

	
the

	
 

	
Sellers. If the deposit does not cover their loss, the Sellers shall be entitled to claim further

	
238

	
compensation for their losses and for all expenses incurred together with interest.

	
239

	 		
	
14.

	
Sellers' default

	
240

	 		
	
Should the Sellers fail to give Notice of Readiness in accordance with Clause 5 a) or fail to be ready

	
241

	
to validly complete a legal transfer by the date stipulated in line 61 the Buyers shall have

	
242

	
the option of cancelling this Agreement provided always that the Sellers shall be granted a

	
243

	
maximum of 3 banking days after Notice of Readiness has been given to make arrangements

	
244

	
for the documentation set out in Clause 8. If after Notice of Readiness has been given but before

	
245

	
the Buyers have taken delivery, the Vessel ceases to be physically ready for delivery and is not

	
246

	
made physically ready again in every respect by the date stipulated in line 61 and new Notice

	
247

	
of

	
 

	
Readiness given, the Buyers shall retain their option to cancel. In the event that the Buyers elect

	
248

	
to cancel this Agreement the deposit together with interest earned shall be released to them

	
249

	
immediately.

	
250

	
Should the Sellers fail to give Notice of Readiness by the date stipulated in line 61 or fail to be

	
251

	
ready

	
 

	
to validly complete a legal transfer as aforesaid they shall make due compensation to the Buyers for

	
252

	
their loss and for all expenses together with interest if their failure is due to proven

	
253

	
negligence and whether or not the Buyers cancel this Agreement.

	
254

	 		
	
15.

	
Buyers' representatives

	
255

	 		
	
After this Agreement has been signed by both parties and the deposit has been lodged, the Buyers

	
256

	
have the right to place two representatives on board the Vessel at their sole risk and expense upon

	
257

	
arrival at on or about

	
258

This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.

	
These representatives are on board for the purpose of familiarisation and in the capacity of

	
259

	
observers only, and they shall not interfere in any respect with the operation of the Vessel. The

	
260

	
Buyers' representatives shall sign the Sellers' letter of indemnity prior to their embarkation.

	
261

	
 

	
 

	
 

	
16.

	
Arbitration

	
262

	 		
	
a)*

	
This Agreement shall be governed by and construed in accordance with English law and

	
263

	
 

	
any dispute arising out of this Agreement shall be referred to arbitration in London in

	
264

	
 

	
accordance with the Arbitration Acts 1950 and 1979 1996 or any statutory

	
265

	
 

	
modification or

	
 

	
 

	
re-enactment thereof for the time being in force, one arbitrator being appointed by each

	
266

	
 

	
party. On the receipt by one party of the nomination in writing of the other party's arbitrator,

	
267

	
 

	
that party shall appoint their arbitrator within fourteen days, failing which the decision of the

	
268

	
 

	
single arbitrator appointed shall apply. If two arbitrators properly appointed shall not agree

	
269

	
 

	
they shall appoint an umpire whose decision shall be final.

	
270

	
 

	
 

	
 

	
b)*

	
This Agreement shall be governed by and construed in accordance with Title 9 of the

	
271

	
 

	
United States Code and the Law of the State of New York and should any dispute arise out

	
272

	
 

	
of

	
 

	
 

	
this Agreement, the matter in dispute shall be referred to three persons at New York, one

	
273

	
 

	
to

	
 

	
 

	
be appointed by each of the parties hereto, and the third by the two so chosen; their

	
274

	
 

	
decision or that of any two of them shall be final, and for purpose of enforcing any award, this

	
275

	
 

	
Agreement may be made a rule of the Court.

	
276

	
 

	
The proceedings shall be conducted in accordance with the rules of the Society of Maritime

	
277

	
 

	
Arbitrators, Inc. New York.

	
278

	
 

	
 

	
 

	
c)*

	
Any dispute arising out of this Agreement shall be referred to arbitration at

	
279

	
 

	
, subject to the procedures applicable there.

	
280

	
 

	
The laws of shall govern this Agreement.

	
281

	
 

	
 

	
 

	
*

	
16 a), 16 b) and 16 c) are alternatives; delete whichever is not applicable. In the absence of

	
282

	
 

	
deletions, alternative 16 a) to apply.

	
283

 

17. If the Vessel is delivered at a port or place where there are no bunkers or lubs available, or at sea, the Sellers agree that at the time of delivery the Vessel will have sufficient bunkers and lubs on board to enable the Vessel to sail to the next available port, that is not restricted by United States of America, European Union or United Nations prohibitions.

 

This Memorandum of Agreement has been drawn up and executed in 2 (two) originals, 1 (one) of which is to be retained by the Sellers and 1 (one) of which to be retained by the Buyers.

 

	
THE SELLERS

	
THE BUYERS

	
 

	
 

	
/s/ Gary Vogel

	
/s/ John C. Wobensmith

	
Attorney-in-Fact

	
President

This document is a computer generated SALEFORM 1993 form printed by authority of the Norwegian Shipbrokers’ Association. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original approved document shall apply. BIMCO and the Norwegian Shipbrokers’ Association assume no responsibility for any loss, damage or expense as a result of discrepancies between the original approved document and this computer generated document.GXP-9/30/2013-EX10.1 (GPE) Second Amendment to Credit Agreement

Exhibit 10.1

EXECUTION VERSION

SECOND AMENDMENT TO CREDIT AGREEMENT
Dated as of October 17, 2013
among
GREAT PLAINS ENERGY INCORPORATED,
as the Borrower,
CERTAIN LENDERS,
BANK OF AMERICA, N.A., JPMORGAN CHASE BANK, N.A., and UNION BANK, N.A.,
as Syndication Agents
and
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent, Swing Line Lender and an Issuer
WELLS FARGO SECURITIES, LLC,
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
J.P. MORGAN SECURITIES LLC, and
UNION BANK, N.A.,
as Joint Lead Arrangers and Joint Book Managers

SECOND AMENDMENT TO CREDIT AGREEMENT
THIS SECOND AMENDMENT TO CREDIT AGREEMENT dated as of October 17, 2013 (this “Agreement”) is entered into among Great Plains Energy Incorporated, a Missouri corporation (the “Borrower”), the lenders party hereto designated as “Continuing Lenders” on its signature page (the “Continuing Lenders”), the lenders party hereto designated as “Exiting Lenders” on its signature page (the “Exiting Lenders”), Bank of America, N.A., JPMorgan Chase Bank, N.A., and Union Bank, N.A., as Syndication Agents and Wells Fargo Bank, National Association, as Administrative Agent, Swing Line Lender and an Issuer (the “Administrative Agent”).  All capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Credit Agreement (defined below).
RECITALS
WHEREAS, the Borrower, the lenders party thereto, Union Bank, N.A. and Wells Fargo Bank, National Association, as Syndication Agents and Bank of America, N.A., as Administrative Agent entered into that certain Credit Agreement dated as of August 9, 2010 (as amended by the First Amendment to Credit Agreement, dated as of December 9, 2011, the “Credit Agreement”);
WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement as set forth below; and
WHEREAS, Wells Fargo Bank, National Association has agreed to replace Bank of America, N.A. as the Administrative Agent under the Credit Agreement.
NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.    Amendments.  The Credit Agreement is hereby amended as follows:
(a)    The definition of “Administrative Agent” in Section 1.1 of the Credit Agreement is hereby amended to read as follows: 
“Administrative Agent” means Wells Fargo in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. 
(b)    The definition of “Administrative Agent’s Fee Letter” in Section 1.1 of the Credit Agreement is hereby amended to read as follows:
“Administrative Agent’s Fee Letter” means that certain fee letter dated September 11, 2013 among Wells Fargo, Wells Fargo Securities, the Borrower, KCPL GMO and KCPL.

(c)    The definition of “Alternate Base Rate” in Section 1.1 of the Credit Agreement is hereby amended by deleting all references to “Bank of America” therein and substituting therefor “Wells Fargo”.
(d)    The definition of “Arrangers” in Section 1.1 of the Credit Agreement is hereby amended to read as follows:
“Arrangers” means Wells Fargo Securities, MLPFS, JPMS, and Union Bank, N.A. and “Arranger” means any one of them.
(e)    The definition of “Eurodollar Base Rate” in Section 1.1 of the Credit Agreement is hereby amended in its entirety to read as follows: 
(a)    for any interest rate calculation with respect to an Eurodollar Loan, the rate of interest per annum determined on the basis of the rate for deposits in Dollars for a period equal to the applicable Interest Period which appears on Reuters Screen LIBOR01 Page (or any applicable successor page) at approximately 11:00 a.m. (London time) two (2) London Banking Days prior to the first day of the applicable Interest Period (rounded upward, if necessary, to the nearest 1/100th of 1%).  If, for any reason, such rate does not appear on Reuters Screen LIBOR01 Page (or any applicable successor page), then “Eurodollar Base Rate” shall be determined by the Administrative Agent to be the arithmetic average of the rate per annum at which deposits in Dollars in minimum amounts of at least $5,000,000 would be offered by first class banks in the London interbank market to the Administrative Agent at approximately 11:00 a.m. (London time) two (2) London Banking Days prior to the first day of the applicable Interest Period for a period equal to such Interest Period.
(b)    for any interest rate calculation with respect to a Floating Rate Loan, the rate of interest per annum determined on the basis of the rate for deposits in Dollars in minimum amounts of at least $5,000,000 for a period equal to one month (commencing on the date of determination of such interest rate) which appears on the Reuters Screen LIBOR01 Page (or any applicable successor page) at approximately 11:00 a.m. (London time) on such date of determination, or, if such date is not a Business Day, then the immediately preceding Business Day (rounded upward, if necessary, to the nearest 1/100th of 1%).  If, for any reason, such rate does not appear on Reuters Screen LIBOR01 Page (or any applicable successor page) then “Eurodollar Base Rate” for such Floating Rate Loan shall be determined by the Administrative Agent to be the arithmetic average of the rate per annum at which deposits in Dollars in minimum amounts of at least $5,000,000 would be offered by first class banks in the London interbank market to the Administrative Agent at approximately 11:00 a.m. (London time) on such date of determination for a period equal to one month commencing on such date of determination.
(f)    The definition of “Facility Termination Date” in Section 1.1 of the Credit Agreement is hereby amended to read as follows:

2

“Facility Termination Date” means (a) the later of (i) October 17, 2018 and (ii) with respect to some or all of the Lenders if the Facility Termination Date is extended pursuant to Section 2.21, such extended Facility Termination Date or (b) any earlier date on which the Aggregate Commitment is reduced to zero or otherwise terminated pursuant to the terms hereof.
(g)    The definition of “FATCA” in Section 1.1 of the Credit Agreement is hereby amended to read as follows: 
“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, and any agreements entered into pursuant to Section 1471(b)(1) of the Code.
(h)    The definition of “Federal Funds Rate” in Section 1.1 of the Credit Agreement is hereby amended by deleting all references to “Bank of America” therein and substituting therefor “Wells Fargo”.
(i)    The definition of “Fee Letter” in Section 1.1 of the Credit Agreement is hereby amended to read as follows:
“Fee Letter” means that certain passive arrangers fee letter dated September 11, 2013 among Bank of America, MLPFS, JPMS, JPMorgan Chase Bank, N.A., Union Bank and the Borrower, KCPL GMO and KCPL.
(j)    The definition of “Issuer” in Section 1.1 of the Credit Agreement is hereby amended to read as follows: 
“Issuer” means each of Wells Fargo, Bank of America, JPMorgan Chase and Union Bank and any other Lender selected by the Borrower with the approval of the Administrative Agent (except with respect to any selection for which such approval is not required pursuant to Section 2.19(n)), in each case, in its capacity as an issuer of Letters of Credit hereunder and includes, without limitation, any Lender appointed by the Borrower (with the consent of the Administrative Agent, except with respect to any selection for which such approval is not required pursuant to Section 2.19(n)) as such by notice to the Lenders as a replacement for any Issuer who at the time of such appointment is a Defaulting Lender.  For the avoidance of doubt, any Lender (other than Wells Fargo, Bank of America, JPMorgan Chase and Union Bank) approached to become an issuer of Letters of Credit may elect or decline, in its sole discretion, to become an issuer.  The Bank of Tokyo-Mitsubishi UFJ, Ltd. shall be deemed an Issuer solely with respect to Letters of Credit issued by the Bank of Tokyo-Mitsubishi UFJ, Ltd. outstanding as of the Second Amendment Effective Date as described on Schedule V.
(k)    The definition of “KCPL Credit Agreement” in Section 1.1 of the Credit Agreement is hereby amended to read as follows: 

3

“KCPL Credit Agreement” means that certain Credit Agreement dated as of the Closing Date among KCPL, the financial institutions party thereto, Bank of America, JPMorgan Chase and Union Bank, as syndication agents and Wells Fargo, as administrative agent, as amended or modified from time to time.
(l)    The definition of “KCPL GMO Credit Agreement” in Section 1.1 of the Credit Agreement is hereby amended to read as follows: 
“KCPL GMO Credit Agreement” means that certain Credit Agreement dated as of the Closing Date among KCPL GMO, the financial institutions party thereto, Bank of America, JPMorgan Chase and Union Bank, as syndication agents and Wells Fargo, as administrative agent, as amended or modified from time to time.
(m)    The definition of “Swing Line Lender” in Section 1.1 of the Credit Agreement is hereby amended to read as follows:
“Swing Line Lender” means Wells Fargo in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.
(n)    The definition of “Syndication Agents” in Section 1.1 of the Credit Agreement is hereby amended to read as follows:
“Syndication Agents” means Bank of America, JPMorgan Chase and Union Bank, each in its capacity as syndication agent hereunder, and not in its individual capacity as a Lender, and any successor thereto.
(o)    The following definition of “Anti-Corruption Laws” is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order to read as follows:
“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower and its Affiliates concerning or relating to bribery or corruption
(p)    The following definition of “Designated Person” is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order to read as follows:
“Designated Person” means any Person listed on a Sanctions List.
(q)    The following definition of “Group” is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order to read as follows:
“Group” means the Borrower and its subsidiaries from time to time.
(r)    The following definition of “JPMorgan Chase” is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order to read as follows:

4

“JPMorgan Chase” means JPMorgan Chase Bank, N.A.
(s)    The following definition of “JPMS” is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order to read as follows
“JPMS” means J.P. Morgan Securities, LLC.
(t)    The following definition of “OFAC” is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order to read as follows:
“OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets Control, and any successor thereto.
(u)    The following definition of “Sanctioned Country” is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order to read as follows:
“Sanctioned Country” means a country or territory which is at any time subject to Sanctions.
(v)    The following definition of “Sanctions” is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order to read as follows:
“Sanctions” means:
(a)    economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government and administered by OFAC, and
(b)    economic or financial sanctions imposed, administered or enforced from time to time by the U.S. State Department, the U.S. Department of Commerce or the U.S. Department of the Treasury.
(w)    The following definition of “Sanctions List” is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order to read as follows:
“Sanctions List” means any of the lists of specifically designated nationals or designated persons or entities (or equivalent) held by the U.S. government and administered by OFAC, the U.S. State Department, the U.S. Department of Commerce or the U.S. Department of the Treasury or the United Nations Security Council or any similar list maintained by any other U.S. government entity, in each case as the same may be amended, supplemented or substituted from time to time.
(x)    The following definition of “Second Amendment Effective Date” is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order to read as follows:

5

“Second Amendment Effective Date” shall have the meaning set forth in the Second Amendment to Credit Agreement dated October 17, 2013.
(y)    The following definition of “Wells Fargo Securities” is hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order to read as follows:
“Wells Fargo Securities” means Wells Fargo Securities, LLC.
(z)    The definition of “BTMU” is hereby deleted from Section 1.1 of the Credit Agreement in its entirety and each reference to “BTMU” in the Credit Agreement is hereby amended to read “Union Bank”.  
(aa)    Section 2.5 of the Credit Agreement is hereby amended to replace any reference to “Commitment Fee” with “commitment fee”.
(bb)    Section 2.22(b) of the Credit Agreement is hereby amended to replace any reference to “Bank of America” with “Wells Fargo”.
(cc)    Article V of the Credit Agreement is hereby amended by adding a new Section 5.20 to read as follows:
5.20    OFAC. 
(a)    The Borrower and its Subsidiaries have conducted their business in compliance with Anti-Corruption Laws.
(b)    None of the Borrower or its Subsidiaries or, to their knowledge, their respective directors or officers, acting or benefiting in any capacity in connection with the Loans:
(i)     is a Designated Person;
(ii)     is a Person that is owned or controlled by a Designated Person;
(iii)     is located, organized or resident in a Sanctioned Country; or
(iv)     has directly or indirectly engaged in, or is now directly or indirectly engaged in, any dealings or transactions (1) with any Designated Person, (2) in any Sanctioned Country, or (3) otherwise in violation of Sanctions.
(dd)    Section 6.1(a) of the Credit Agreement is hereby amended to read as follows:
Within ninety (90) days after the close of each of Borrower’s fiscal years, (i) an unqualified audit report certified by an independent registered public accounting firm which is a member of the “Big Four,” prepared in accordance with GAAP on a consolidated basis for the Borrower and its Consolidated 

6

Subsidiaries, including balance sheets as of the end of such period and related statements of income, common shareholders’ equity and cash flows, accompanied by any management letter prepared by said accountants and (ii) an unaudited consolidating balance sheet for the Borrower and its Subsidiaries as of the end of such period and related consolidating income statements, certified by the Chief Accounting Officer or Chief Financial Officer of the Borrower. 
(ee)    Section 6.1(b) of the Credit Agreement is hereby amended to read as follows:
Within forty-five (45) days after the close of the first three (3) quarterly periods of each of the Borrower’s fiscal years, for the Borrower and its Consolidated Subsidiaries, consolidated and consolidating unaudited balance sheets as at the close of each such period and consolidated and consolidating profit and loss and reconciliation of surplus statements and a statement of cash flows for the period from the beginning of such fiscal year to the end of such quarter, all certified by the Chief Accounting Officer or Chief Financial Officer of the Borrower.
(ff)    Article VI of the Credit Agreement is hereby amended by adding a new Section 6.18 to read as follows:

6.18    OFAC Compliance.  
(a)    The Borrower shall not, and shall ensure that none of its Subsidiaries will, directly or indirectly use the proceeds of the Loans: (i) for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977; (ii) to fund, finance or facilitate any activities, business or transaction of or with any Designated Person or in any Sanctioned Country, or otherwise in violation of Sanctions, as such Sanctions Lists or Sanctions are in effect from time to time.

(b)    The Borrower shall not, and shall ensure that none of its Subsidiaries will, knowingly use funds or assets obtained directly or indirectly from transactions with or otherwise relating to (i) Designated Persons, or (ii) any Sanctioned Country, to pay or repay any amount owing to any Lender under any of the Loan Documents. 

(c)    The Borrower shall, and shall ensure that each of its Subsidiaries will conduct its business in all material respects in compliance with Anti-Corruption Laws.

(d)    Borrower shall, and shall ensure that each of its Subsidiaries will, comply in all material respects with all domestic laws, rules and regulations (including the USA Patriot Act) now or hereafter applicable to Loans, the transactions underlying such Loans (including without limitation licensing 

7

requirements for the export or import of related goods or services) or Borrower's execution, delivery and performance of the Loan Documents.

(gg)    Section 12.1(f) of the Credit Agreement is hereby amended to read as follows:
“Any Lender may at any time pledge or assign a security interest in all or any portion of its right under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or central banks; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.”
(hh)    Schedule I to the Credit Agreement is hereby amended to read as shown in Schedule I attached to this Agreement.
(ii)    Schedule IV to the Credit Agreement is hereby amended to read as shown in Schedule IV attached to this Agreement.
(jj)    The Credit Agreement is hereby amended to add Schedule V as set forth in Schedule V attached to this Agreement.
(kk)    Exhibits A, B, C, D and E to the Credit Agreement are hereby amended to replace any reference therein to “Bank of America” with “Wells Fargo”.
(ll)    The CUSIP number appearing on the cover page to the Credit Agreement is hereby deleted in its entirety and amended to read as follows:
	
		
	Published CUSIP Number:
	39116FAH8

	Revolving Credit CUSIP Number:
	39116FAJ4

2.    Appointment of Successor Administrative Agent. 
(a)     Pursuant to Section 10.6 of the Credit Agreement, the Borrower and the Required Lenders hereby appoint Wells Fargo Bank, National Association as the Administrative Agent under the Credit Agreement, and all other Loan Documents, as the successor to Bank of America (the “Preceding Administrative Agent”).  The Borrower, the Agents and the Lenders further agree at the expense of the Borrower to execute, file and record any and all documents Wells Fargo reasonably believes to be necessary or desirable in order to evidence its appointment as the successor Administrative Agent. 
(b)    Waiver of Notice Period. The Borrower, the Required Lenders and the Administrative Agent waive the notice period requirement under Section 10.6 of the Credit Agreement requiring five (5) Business Days’ prior written notice to the Borrower of the resignation of the Administrative Agent.

8

(c)    Effect of Appointment. On the Second Amendment Effective Date, (i) Wells Fargo shall succeed to and become vested with all the rights, powers, privileges and duties of the Administrative Agent under all of the Loan Documents, (ii) any reference to the term “Administrative Agent” in any Loan Document shall be deemed a reference to Wells Fargo, as successor Administrative Agent, (iii) the Preceding Administrative Agent’s rights, powers, privileges and duties under the Loan Documents shall be terminated and the provisions of Article X of the Credit Agreement shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under the Loan Documents and (iv) all references to “Bank of America” in Article X of the Credit Agreement and Section 12.1(h) of the Credit Agreement shall be amended to refer to “Wells Fargo.” 
3.    Assignments and Assumptions.  
(a)    Assignments.  Each of the parties hereto acknowledges and agrees that (i) the Exiting Lenders desire to sell and assign their Commitments to certain of the Continuing Lenders and to be relieved of their obligations under the Credit Agreement, and (ii) certain of the Continuing Lenders desire to purchase and assume portions of the Commitments of the Exiting Lenders and/or increase their existing Commitments.  As an administrative convenience and to avoid the necessity that each of such Lenders enter into separate Assignment Agreements, the parties hereto acknowledge and agree that, effective as of the Second Amendment Effective Date, each Exiting Lender shall be deemed to have sold and assigned to the Continuing Lenders increasing their Commitments its Commitment and Loans which are outstanding on the Second Amendment Effective Date, and the Continuing Lenders increasing their Commitments shall be deemed to have purchased and assumed the Commitments and Loans of the Exiting Lenders, in each case in amounts such that the Commitments of the Lenders after giving effect thereto shall be as reflected on Schedule I attached hereto. 
(b)    Exiting Lender Representations and Warranties.  Each Exiting Lender hereby (i) warrants that it is the legal and beneficial owner of the interest being assigned by it pursuant to Section 3(a) hereof free and clear of any adverse claim created by such Exiting Lender and that its Commitment outstanding immediately prior to the Second Amendment Effective Date is as set forth on Exhibit A attached hereto, and (ii) except as set forth in clause (i), makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement, or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto, or the financial condition of the Borrower or any Subsidiary or the performance or observance by the Borrower of any of its obligations under the Credit Agreement, as modified hereby, any other Loan Document or any other instrument or document furnished pursuant thereto. 
(c)    Continuing Lender Representations and Warranties.  Each Continuing Lender whose Commitment will increase as a result of the operation of Section 3(a) hereof (i) represents and warrants that it is legally authorized to enter into this Agreement and to consummate the transactions contemplated by Section 3(a) hereof, (ii) confirms 

9

that it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 6.1 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement and the transactions contemplated by Section 3(a) hereof, (iii) will independently and without reliance upon the Administrative Agent, any of the Exiting Lenders or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement, as modified hereby, (iv) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement, as modified hereby, as delegated to the Administrative Agent, by the terms thereof and hereof, together with such powers as are reasonably incidental thereto, and (v) agrees that it will perform in accordance with their terms all the obligations which by the terms of the Credit Agreement, as modified hereby, are required to be performed by it as a Lender. 
(d)    Satisfaction of Section 12.1 Requirements.  Notwithstanding anything to the contrary contained in the Credit Agreement, the parties acknowledge and agree that this Section 3 shall be deemed to satisfy all requirements set forth in Section 12.1 of the Credit Agreement for the assignment and assumption of the Commitments and related rights and obligations being sold and assigned pursuant hereto, including without limitation, the requirement that a separate Assignment Agreement be entered into in connection with each such sale and assignment.  
(e)    Letters of Credit.  Effective on the Second Amendment Effective Date, the participations in Letters of Credit under the Credit Agreement shall be adjusted to give effect to any change in the Letter of Credit Commitment of any Lender as a result of this Agreement. 
(f)    THE PARTIES FURTHER ACKNOWLEDGE AND AGREE THAT THE EXITING LENDERS ARE ENTERING INTO THIS AGREEMENT SOLELY FOR THE PURPOSES OF THIS SECTION 3 AND SHALL NOT BE DEEMED TO BE BOUND BY ANY TERM OR PROVISION OF THIS AGREEMENT OTHER THAN THIS SECTION 3.
4.    Conditions Precedent.  The amendments set forth in Section 1 shall become effective as of the date (the “Second Amendment Effective Date”) when, and only when, each of the following conditions precedent shall have been satisfied:
(a)    the receipt by the Administrative Agent of counterparts of this Agreement duly executed by the Borrower, the Administrative Agent and the Lenders;
(b)    the receipt by the Administrative Agent of the following, each of which shall be originals or facsimiles (followed promptly by originals), in form and substance satisfactory to the Administrative Agent:
(i)    copies of the Organization Documents of the Borrower certified to be true and complete as of a recent date by the appropriate Governmental 

10

Authority of the state or other jurisdiction of its incorporation or organization and certified by a secretary or assistant secretary of the Borrower to be true and correct as of the date hereof;
(ii)    such certificates of resolutions and/or other certificates of Authorized Officers of the Borrower as the Administrative Agent may require evidencing the identity, authority and capacity of each Authorized Officer thereof authorized to act as an Authorized Officer in connection with this Agreement; and
(iii)    such documents and certifications as the Administrative Agent may require to evidence that the Borrower is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or formation;
(c)    the receipt by the Administrative Agent of favorable opinions of legal counsel to the Borrower, addressed to the Administrative Agent and each Lender, dated as of the date hereof and in form and substance satisfactory to the Administrative Agent, addressing the execution, delivery and enforceability of this Agreement and other matters that were addressed in the opinion provided in connection with the original delivery of the Credit Agreement on August 9, 2010, with respect to this Agreement; 
(d)    the receipt by the Administrative Agent of written money transfer instructions, in substantially the form of Exhibit C to the Credit Agreement, addressed to the Administrative Agent and signed by an Authorized Officer who has executed and delivered an incumbency certificate in accordance with the terms hereof, together with such other related money transfer authorizations as the Administrative Agent may have reasonably requested; 
(e)    all Obligations of Borrower with respect to Loans outstanding on or before the date hereof shall have been paid; and any accrued and unpaid interest and fees (including any commitment fees and Letter of Credit Fees), and any expenses due and payable pursuant to Section 3.4 of the Credit Agreement, if any, shall have been paid; and
(f)    all fees required to be paid to the Administrative Agent, the Arrangers and the Lenders pursuant to the Fee Letter and the Administrative Agent’s Fee Letter on or before the date hereof shall have been paid.
5.    Miscellaneous.
(a)    The Credit Agreement, and the obligations of the Borrower thereunder and under the other Loan Documents, are hereby ratified and confirmed and shall remain in full force and effect according to their terms.  The Borrower acknowledges and confirms that as of the date hereof the Borrower’s obligation to repay the outstanding principal amount of the Loans and reimburse the Issuers for any drawing on a Letter of Credit is unconditional and not subject to any offsets, defenses or counterclaims.  The Administrative Agent, each Syndication Agent, each Lender and the Borrower acknowledge and confirm that by entering into this Agreement, each party does not waive or release any term or condition of the Credit Agreement or any of the other Loan 

11

Documents or any of their rights or remedies under such Loan Documents or applicable Law or any of the obligations of such party thereunder.
(b)    The Borrower hereby represents and warrants as follows:
(i)    The Borrower has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement.
(ii)    This Agreement has been duly executed and delivered by the Borrower and constitutes the Borrower’s legal, valid and binding obligations, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).
(iii)    No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by the Borrower of this Agreement.
(c)    The Borrower represents and warrants to the Lenders that (i) the representations and warranties of the Borrower set forth in Article V of the Credit Agreement are true and correct as of the date hereof with the same effect as if made on and as of the date hereof, except to the extent such representations and warranties expressly relate solely to an earlier date and (ii) no event has occurred and is continuing which constitutes a Default or an Unmatured Default.
(d)    This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.  Delivery of an executed counterpart of this Agreement by telecopy or electronic mail shall be effective as an original and shall constitute a representation that an executed original shall be delivered.
(e)    THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
(f)    On and after the Second Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified hereby.  This Amendment shall constitute a Loan Document.
[remainder of page intentionally left blank]

12

Each of the parties hereto has caused a counterpart of this Agreement to be duly executed and delivered as of the date first above written.
    
	
					
	BORROWER:
	 
	 
	 
	GREAT PLAINS ENERGY INCORPORATED,

	 
	 
	 
	 
	a Missouri corporation

	 
	 
	 
	 
	 

	 
	 
	 
	 
	By: /s/ Kevin E. Bryant

	 
	 
	 
	 
	Name: Kevin E. Bryant

	 
	 
	 
	 
	Title:   Vice President - Investor Relations and

	 
	 
	 
	 
	Strategic Planning and Treasurer

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

	
		
	ADMINISTRATIVE AGENT:
	WELLS FARGO BANK, NATIONAL

	 
	ASSOCIATION,

	 
	as Administrative Agent

	 
	 

	 
	By: /s/ Allison Newman

	 
	Name:    Allison Newman

	 
	Title:    Director

	 
	 

	LENDERS:
	WELLS FARGO BANK, NATIONAL

	 
	ASSOCIATION,

	 
	as a Continuing Lender, an Issuer and Swing Line

	 
	Lender

	 
	 

	 
	By: /s/ Allison Newman

	 
	Name:    Allison Newman

	 
	Title:    Director

 

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

BANK OF AMERICA,   N.A.,
as a Continuing Lender, Syndication Agent and an Issuer
By: /s/ William Merritt
Name:    William Merritt
Title:    Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

JPMORGAN CHASE BANK, N.A.,
as a Continuing Lender, Syndication Agent and as an Issuer
By: /s/ Helen D. Davis
Name:    Helen D. Davis
Title:    Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

UNION BANK, N.A.,
as a Continuing Lender, Syndication Agent and as an Issuer
By: /s/ Michael Agrimis
Name:    Michael Agrimis
Title:    Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

BARCLAYS BANK PLC,
as a Continuing Lender
By: /s/ Sreedhar R. Kona
Name:    Sreedhar R. Kona
Title:    Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

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

By: /s/ Roberto Impeduglia
Name:    Roberto Impeduglia
Title:    Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

GOLDMAN SACHS BANK USA,
as a Continuing Lender
By: /s/ Mark Walton
Name:    Mark Walton
Title:    Authorized Signatory

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

KEYBANK NATIONAL ASSOCIATION,
as a Continuing Lender
By: /s/ Sukanya V. Raj
Name:    Sukanya V. Raj
Title:    Senior Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

SUNTRUST BANK,
as a Continuing Lender
By: /s/ Andrew Johnson
Name:    Andrew Johnson
Title:    Director

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

THE ROYAL BANK OF SCOTLAND PLC,
as a Continuing Lender
By: /s/ Andrew Taylor
Name:    Andrew Taylor
Title:    Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

U.S. BANK NATIONAL ASSOCIATION,
as a Continuing Lender
By: /s/ John M. Eyerman
Name:    John M. Eyerman
Title:    Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

THE BANK OF NEW YORK MELLON,
as a Continuing Lender
By: /s/ Hussam S. Alsahlani
Name:    Hussam S. Alsahlani
Title:    Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

UMB BANK, N.A.,
as a Continuing Lender
By: /s/ Robert P. Elbert
Name:    Robert P. Elbert
Title:    Senior Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

COMMERCE BANK N.A.,
as a Continuing Lender
By: /s/ Aaron M. Siders
Name:    Aaron M. Siders
Title:    Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

THE BANK OF NOVA SCOTIA,
as an Exiting Lender
By: /s/ Thane Rattew
Name:    Thane Rattew
Title:    Managing Director

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

THE BANK OF TOKYO-MITSUBISHI UFJ,
LTD.,
as an Exiting Lender
By: /s/ Chi-Cheng Chen
Name:    Chi-Cheng Chen
Title:    Vice President

GREAT PLAINS ENERGY INCORPORATED
SECOND AMENDMENT TO CREDIT AGREEMENT

SCHEDULE I 
COMMITMENTS

	
				
	Lender
	Commitment

	Wells Fargo Bank, National Association
	

	$19,600,000.00
	

	Bank of America, N.A.
	

	$19,600,000.00
	

	JPMorgan Chase Bank, N.A.
	

	$19,600,000.00
	

	Union Bank, N.A.
	

	$19,600,000.00
	

	Barclays Bank PLC
	

	$14,400,000.00
	

	BNP Paribas
	

	$14,400,000.00
	

	Goldman Sachs Bank USA
	

	$14,400,000.00
	

	KeyBank National Association
	

	$14,400,000.00
	

	SunTrust Bank
	

	$14,400,000.00
	

	The Royal Bank of Scotland PLC
	

	$14,400,000.00
	

	U.S. Bank, National Association
	

	$14,400,000.00
	

	The Bank of New York Mellon
	

	$8,000,000.00
	

	UMB Bank, N.A.
	

	$8,000,000.00
	

	Commerce Bank
	

	$4,800,000.00
	

	Total
	

	$200,000,000.00
	

LETTER OF CREDIT COMMITMENTS

	
			
	 
	Issuer
	Letter of Credit Commitment

	 
	Bank of America, N.A.
	$12,500,000.00

	 
	Wells Fargo Bank, National Association
	$12,500,000.00

	 
	JPMorgan Chase Bank, N.A.
	$12,500,000.00

	 
	Union Bank, N.A.
	$12,500,000.00

	 
	Total
	$50,000,000.00

SCHEDULE IV

CERTAIN ADDRESSES FOR NOTICES
BORROWER:

1200 Main Street
Kansas City, MO 64105
Attention: Jim Gilligan, Assistant Treasurer
Telephone: (816) 556-2084
Facsimile: (816) 556-2992
Electronic Mail: jim.gilligan@kcpl.com

ADMINISTRATIVE AGENT:
Administrative Agent’s Office
(for payments and Requests for Credit Extensions):

Wells Fargo Bank, N.A.
Charlotte, NC
ABA:  
Acct:  
Acct Name:  Agency Services Clearing A/C
Ref:  GREAT PLAINS ENERGY INCORPORATED
Attn:  Financial Cash Controls

Other Notices as Administrative Agent:

Wells Fargo Bank, National Association
1525 West W.T. Harris Blvd.
Mail Code:  D1109-019
Charlotte, North Carolina  28262
Attention:  Syndication Agency Services
Telephone:  (704) 590 2706
Facsimile:  (704) 590 2790
E-mail:  agencyservices.requests@wellsfargo.com

ISSUERS:

Wells Fargo Bank, National Association
One Wells Fargo Center, 15th Floor
301 South College Street
Charlotte, North Carolina 28288-0760
Attention:  Gloria Sanchez
Telephone:  (713) 319-1958
Facsimile:  (866) 814-5027
Email: Gloria.j.sanchez@wellsfargo.com
Email: PUGLCRequests@wellsfargo.com

Bank of America, N.A.
Trade Operations
1000 West Temple Street, 7th Floor
Mail Code: CA9−705−07−05
Los Angeles, CA 90012 1514
Attention: Sandra Leon
Telephone: (213) 580−8369
Telecopier: (213) 457−8841
Electronic Mail: sandra.leon@baml.com

JPMorgan Chase Bank, N.A.
10 S. Dearborn
Chicago, IL 60603
Attention: Latha Maheshwari
Telephone: (855) 609-3359
Telecopier: (312) 256-2608 
Electronic Mail: Chicago.lc.agency.activity.team@jpmchase.com

Union Bank, N.A., Trade Services Operations Department
1980 Saturn Street, V02-906
Monterey Park, CA 91755
Attention: Cris Purugganan
Telephone: (323) 720-7957 
Telecopier: (323) 720−2772 
Electronic Mail: cristina.purugganan@unionbank.com

SCHEDULE V

Irrevocable Standby Letter of Credit no. S015179 dated August 8, 2008 issued by The Bank of Tokyo-Mitsubishi UFJ Ltd. in favor of Great Plains Energy Incorporated.

EXHIBIT A 

EXITING LENDER COMMITMENTS 

	
		
	Exiting Lender
	Commitment

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	$9,200,000

	The Bank of Nova Scotia
	$13,600,000

	TOTAL
	$22,800,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]