Document:

Amendment No. 4 to Lease Agreement

 Exhibit 10.3 
  
 EXECUTION VERSION 
  

  
 AMENDMENT NO. 4 TO LEASE AGREEMENT

  
 dated as of June 30, 2005 
  
 between 
  
 U.S. BANK NATIONAL ASSOCIATION, 
 as Owner Trustee, 
 as Lessor, 
  
 and 
  
 KANSAS GAS AND ELECTRIC COMPANY, 
 as Lessee

  

  
 This Amendment No. 4 has been executed in 10 original counterparts of which this is original counterpart number     ; only original counterpart
number 1 constitutes chattel paper within the meaning of the Uniform Commercial Code; accordingly, any assignee of any rights of Lessor under this Amendment No. 4 cannot perfect a security interest in such rights without taking possession of
original counterpart number 1 or making a filing under the Uniform Commercial Code. 

 EXECUTION VERSION 
  

THIS AMENDMENT NO. 4 TO LEASE AGREEMENT, dated as of June 30, 2005 (“Amendment No. 4”), is made between U.S. BANK NATIONAL ASSOCIATION
(as successor in interest to The Connecticut National Bank), a national banking association, not in its individual capacity but solely as owner trustee (“Owner Trustee”) under a Trust Agreement, dated as of September 1, 1987,
between Comcast MO Financial Services, Inc., (formerly named US West Financial Services, Inc.), a Colorado corporation, and Owner Trustee, as lessor (“Lessor”), and KANSAS GAS AND ELECTRIC COMPANY, a Kansas corporation, as lessee
(“Lessee”). 
  
 WITNESSETH: 
  
 WHEREAS, Lessee and Lessor have heretofore entered into a Lease Agreement,
dated as of September 1, 1987 (the “Original Lease”), an Amendment No. 1 to Lease Agreement, dated as of October 1, 1987 (“Amendment No. 1”), an Amendment No. 2 to Lease Agreement, dated as of August 1, 1989
(“Amendment No. 2”), and an Amendment No. 3 to Lease Agreement, dated as of September 29, 1992 (“Amendment No. 3”) (the Original Lease, as amended by such amendments, the “Existing Lease”); and

  
 WHEREAS, Section 4 of the Existing Lease provides that the
Basic Rent and Casualty Values reflected in Schedules 1 and 2, respectively, of the Existing Lease shall be appropriately adjusted to take into account certain circumstances specified in such Section 4; and 
  
 WHEREAS, Lessee desires that Owner Trustee effect a refinancing pursuant to
Section 17 of the Participation Agreement dated as of September 1, 1987 among Owner Trustee, Lessee and certain other parties named therein (the “Original Participation Agreement”) as amended by a Supplemental Participation
Agreement dated as of September 18, 1992 among Owner Trustee, Lessee, Owner Participant and Indenture Trustee (the Original Participation Agreement, as so amended, the “Existing Participation Agreement”) and as further amended by a
Second Supplemental Participation Agreement dated as of the date hereof among Owner Trustee, Lessee, Owner Participant and Indenture Trustee (“Second Supplemental Participation Agreement”), the proceeds of which refinancing will be
used, among other things, to redeem the Outstanding Bonds and to provide for the Additional Borrowing by Owner Participant and, in connection therewith, Lessee and Lessor desire to adjust Basic Rent and Casualty Values pursuant to Section 4.5 of the
Existing Lease; and 
  
 WHEREAS, Section 4 of the Existing Lease
further provides that adjustments of the Basic Rent and Casualty Value shall be set forth in an amendment to the Lease; and 
  
 WHEREAS, concurrently with such refinancing Lessee and Lessor also desire to enter into this Amendment No. 4 in order to modify and restructure certain
other terms of the Existing Lease as more fully described hereinafter; 

 NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
  
 SECTION 1. DEFINITIONS. 
  
 For the purposes hereof, capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in (i)
Appendix A to the Existing Participation Agreement, as amended by the Second Supplemental Participation Agreement, or (ii) the Second Supplemental Participation Agreement, as the case may be. 
  
 SECTION 2. AMENDMENTS OF EXISTING LEASE. 
  
 A. Appendix A. (a) Appendix A to the Existing Lease is
amended, effective as of the date hereof, by deleting the following definitions and substituting in lieu thereof the following new definitions: 
  
 “Appraisal” shall mean, as applicable, (a) an appraisal, dated the Funding Date, of Burns and Roe, Inc. which shall take into account the
rights and obligations of Owner Trustee under the Support Agreements and the Operating Agreement and state (i) that on the Funding Date, the Fair Market Sale Value of the Interest shall equal the Purchase Price, (ii) that the Useful Life is at least
equal to 125% of the sum of the Interim Lease Term and the Basic Term, (iii) that the fair market value, as of the day 28 1/2 years after the Basic Lease Commencement Date, of the Interest shall be at least equal to 20% of the Purchase Price (computed without regard to inflation or deflation), (iv) that assuming Owner Trustee, and purchasers from and
assignees of Owner Trustee, will have those rights which the Support Agreements purport to grant and convey to Owner Trustee, it will be commercially feasible for Owner Trustee, and purchasers from or assignees of Owner Trustee unrelated to Lessee,
to use the Assets upon the expiration of the Lease Term, (v) that Unit 2 is a fully integrated and, when operated in conjunction with the Common Facilities and the Support Agreements, self-contained unit, and each Component of Unit 2 is interrelated
to the other Components in terms of useful life, function, structure and design, (vi) that the term of the Support Agreements corresponds to the Useful Life (within the constraints of professional estimation), (vii) the fair market value, as of the
day 28 1/2 years after the Basic Lease Commencement Date, of the Interest (taking into account the effects of
inflation or deflation), and (viii) the Fair Market Rental Value of the Ground Interest during the Lease Term; or (b) an appraisal, dated as of June 17, 2005, of Marshall & Stevens Incorporated which states (i) the fair market value of the
Interest as of the date thereof, (ii) the fair market value of the Interest at the end of the Basic Term on a constant dollar (uninflated) basis determined as of the date thereof, (iii) the fair market value of the Interest at the end of the Basic
Term on a real dollar (inflated) basis determined as of the date thereof, (iv) the remaining Useful Life of Unit 2 as of the date thereof, (v) that the remaining Useful Life of Unit 2 at the end of the Basic Term is at least 20% of the Useful Life
of Unit 2 as of May 16, 1977, the date on which Unit 2 was first 
  

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 placed in service, (vi) that upon the expiration of the Lease Term or earlier termination of the Lease, there is a
reasonable likelihood that it would be commercially feasible for a party other than the Lessee to own and operate Unit 2, and (vii) that, based on the estimate of the fair market value of the Interest at the end of the Basic Term, there is no
economic compulsion for the Lessee to exercise the purchase option provided for in Section 6 of the Lease because as of the expiration date of the Basic Term, such purchase option price is expected to equal the fair market value of the Interest.

  
 “Basic Rent Payment Date” shall mean and
include (a) each March 29 and September 29, commencing September 29, 1988, throughout (and including the last day of) the Basic Term, (b) each March 29, June 29, September 29 and December 29, commencing December 29, 2029, throughout (and including
the last day of) any Renewal Term, if elected, and (c) with respect to payments under the Ground Lease after the Lease Termination Date, each March 29, June 29, September 29 and December 29 through the Ground Lease Termination Date. 
  
 “Basic Term” shall mean the period commencing on the Basic
Lease Commencement Date and ending on September 29, 2029, or such shorter period as may result from earlier termination as provided in the Lease. 
  
 “KCC Order” shall mean, as applicable, (a) the order or orders of the State Corporation Commission of the State of Kansas (i) approving
or authorizing the transactions contemplated by the Operative Documents, and (ii) determining that neither Owner Trustee, nor Owner Participant, nor Indenture Trustee is an electric public utility subject to the jurisdiction, control or regulation
as such of such Commission; or (b) the order or orders of such Commission (i) disclaiming jurisdiction over the refinancing of the Bonds and the restructuring of the transactions contemplated by the Operative Documents unless and until Lessee
assumes the Outstanding Bonds or purchases the Assets, and (ii) reiterating the determination made by such Commission previously that neither Owner Trustee, nor Owner Participant, nor Indenture Trustee is an electric public utility subject to the
jurisdiction, control or regulation as such of such Commission. 
  
 “Supplemental Rent” shall mean any and all amounts, liabilities and obligations other than Basic Rent which Lessee assumes or agrees to pay to or on behalf of Lessor, Owner Trustee, Owner Participant, any Bondholder,
Indenture Trustee or any Indemnitee under (i) any Operative Document or (ii) any registration rights agreement or any similar agreement entered into in connection with the issuance of any Bonds (in each case whether or not designated as Supplemental
Rent), including, without limitation, Casualty Value and Fair Market Sale Value payments, or damages for breach of any covenants, representations, warranties, indemnities or agreements therein. 
  
 (b) Appendix A to the Existing Lease is further amended, effective as
of the date hereof, by deleting the following definitions in their entirety: “Western Resources” and “Western Resources Indenture”. 
  

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 (c) Appendix A to the Existing Lease is further amended, effective as of the date hereof, by
adding thereto the following new definitions in the appropriate alphabetical order: 
  
 “1992 Series Bonds” shall have the meaning ascribed thereto in the Second Supplemental Participation Agreement. 
  

“2005 Series Bonds” shall have the meaning ascribed thereto in the Second Supplemental Participation Agreement. 
  
 “Allocated Rent” shall have the meaning ascribed thereto in
subsection 3.1(e) of the Lease. 
  
 “Amendment No. 4 to
Lease Agreement” shall mean Amendment No. 4 to Lease Agreement dated as of June 30, 2005 between Owner Trustee and Lessee. 
  
 “Expected End-of-Basic-Term Asset Value” shall mean $342,630,000, which is the estimated fair market value of the Assets as of the date
of expiration of the Basic Term as set forth in the Appraisal referred to in clause (b) of the definition thereof. 
  
 “Lease Period” shall mean the lease periods identified on Schedule 3 to the Lease. 
  
 “Lessee Loan Balance” shall have the meaning ascribed
thereto in subsection 3.1(f) of the Lease. 
  
 “Lessor
Loan Balance” shall have the meaning ascribed thereto in subsection 3.1(f) of the Lease. 
  
 “Second Supplemental Indenture” shall mean the Second Supplemental Indenture dated as of June 30, 2005, to the Trust Indenture, Security
Agreement and Mortgage dated as of September 1, 1987, as supplemented by the First Supplemental Indenture dated as of September 29, 1992, among Owner Trustee, Lessee and Indenture Trustee. 
  
 “Second Supplemental Participation Agreement” shall mean the
Second Supplemental Participation Agreement dated as of June 30, 2005, to the Participation Agreement dated as of September 1, 1987, as supplemented by the Supplemental Participation Agreement dated as of September 18, 1992, among Owner Trustee,
Indenture Trustee, Owner Participant and Lessee. 
  
 “Section 467 Loan Balance” shall mean the Lessor Loan Balance and the Lessee Loan Balance. 
  
 “Westar Energy” shall mean Westar Energy, Inc. (formerly named Western Resources, Inc.), a Kansas corporation, and its successors and
assigns. 
  

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 “Westar Energy Indenture” shall mean that certain Mortgage and Deed of Trust, dated July
1, 1939, between Westar Energy and Harris Trust and Savings Bank, and any other indenture executed by Westar Energy after September 29, 1992 pursuant to which Westar Energy may from time to time issue mortgage bonds, as any of them have been
heretofore or may be hereafter amended, modified or supplemented from time to time. 
  
 B. Subsection 3.1. Subsection 3.1 of the Existing Lease is hereby amended by adding after the last paragraph thereof the following new paragraphs: 
  
 “(e) For purposes of Section 467 of the Code, Basic Rent during the Basic Term for the use of the
Assets by Lessee during each Lease Period (“Allocated Rent”) shall be allocated to each Lease Period in the amount determined by multiplying the Purchase Price by the percentage set forth for such Lease Period on Schedule 3
hereto under the caption “Allocated Rent”. Allocated Rent shall be allocated to each calendar year in the Basic Term based on the assumption that each calendar year in the Basic Term has 360 days, consisting of twelve 30-day months.
Allocated Rent for any Lease Period shall accrue ratably to each day within such Lease Period. Notwithstanding that Basic Rent is payable in accordance with subsection 3.1(a) hereof and without limiting Lessee’s payment obligations under
subsection 3.1(a) hereof, the Allocated Rent calculated pursuant to this subsection 3.1(e), or as adjusted pursuant to subsection 3.1(g) hereof, shall represent and be the amount of Basic Rent for which Lessee becomes liable on account of the use of
the Assets for each Lease Period included in whole or in part of the Basic Term. 
  
 (f) It is the intention of Lessor and Lessee that for purposes of Section 467 of the Code the Allocated Rent derived by multiplying the
Purchase Price by the percentage set forth for each Lease Period on Schedule 3 hereto under the caption “Allocated Rent” constitutes a specific allocation of “fixed rent” within the meaning of Treasury Regulation section
1.467-1(c)(2)(ii) with the effect that each of Lessor and Lessee shall accrue rental income and rental expense, respectively, in the amount equal to the Purchase Price multiplied by the percentage as set forth for each Lease Period under the column
with the heading “Allocated Rent” on Schedule 3 hereto. 
  
 Lessor and Lessee agree that a prepaid or deferred rent balance may exist at certain times during the Basic Term. It is the intention of Lessor and Lessee that any such prepaid or deferred rent balance shall (A) in
the case of a prepaid rent balance, give rise to a loan from Lessee to Lessor in the amount of any positive loan balance (the “Lessor Loan Balance”) computed by multiplying the percentage set forth in Schedule 4 hereto under
the 
  

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 caption “Lessor Loan Balance” by the Purchase Price, and in the case of a deferred rent
balance, shall give rise to a loan from Lessor to Lessee in the amount of any negative loan balance (the “Lessee Loan Balance”) computed by multiplying the percentage set forth in Schedule 4 hereto under the caption
“Lessee Loan Balance” by the Purchase Price and (B) such loan shall provide for “adequate stated interest” within the meaning of Treasury Regulation section 1.467-2(b)(ii). If there shall be an outstanding Lessor Loan Balance,
Lessor shall deduct interest expense and Lessee shall include interest income, in each case, in an amount equal to the product of the Purchase Price multiplied by the percentage set forth under the caption “Interest Amount” for the
applicable period identified on Schedule 4 hereto. If there shall be an outstanding Lessee Loan Balance, Lessee shall deduct interest expense and Lessor shall include interest income, in each case, in an amount equal to the product of the
Purchase Price multiplied by the percentage set forth under the caption “Interest Amount” for the applicable period identified on Schedule 4 hereto. 
  
 The obligations of Lessor to Lessee under this subsection 3.1(f) (including Lessor’s obligation with
respect to any loan from Lessee as represented by any Lessor Loan Balance) are subject and subordinate to the obligations of Lessor under the Indenture, are payable exclusively from amounts distributable under clause third of Section 4.01 of the
Indenture or clause fifth of Section 4.03 of the Indenture. Lessee acknowledges, consents and agrees to the subordination and other terms set forth in the previous sentence. 
  
 (g) In the event that the amount of fixed rent payable under the Lease is deemed to be less than or more
than the aggregate amount of Basic Rent identified on Schedule 1 hereto (and such increase is deemed to be fixed rent within the meaning of Treasury Regulation section 1.467-1(h)(3) or such decrease is deemed to be a decrease of fixed rent
within the meaning of Treasury Regulation section 1.467-1(h)(3)), the amount of Allocated Rent for each Lease Period shall be increased or decreased, as the case may be, by an amount equal to the deemed increase or decrease in Basic Rent payments
multiplied by a fraction, the numerator of which is equal to the amount of Allocated Rent for such Lease Periods and the denominator of which is the aggregate amount of Allocated Rent for all Lease Periods. The adjusted Allocated Rent shall
constitute Allocated Rent for all purposes of this Lease.” 
  

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 C. Subsection 4.3. Subsection 4.3 of the Existing Lease is hereby amended by deleting it in its
entirety and substituting in lieu thereof the following new subsection 4.3: 
  
 “4.3. Adjustments for Alterations. Upon the occurrence of any payment or financing by Owner Participant and/or Lessor provided for in paragraph (c) of subsection 11.6, the amounts of Basic Rent, Allocated
Rent, Section 467 Loan Balance and Casualty Value shall be adjusted in such manner as shall preserve Net After-Tax Return, taking into account any additional tax benefits actually realized by Lessor or Owner Participant arising out of the relevant
Alterations or the financing thereof, while minimizing the present value of Basic Rent, except that, if Owner Participant is making any additional investment in connection therewith, such adjustment shall be made in such manner as shall be
acceptable to Lessee and Owner Participant utilizing any pricing assumptions then agreed to by Lessee and Owner Participant with respect to such financing.” 
  
 D. Subsection 4.5. Subsection 4.5 of the Existing Lease is hereby amended by deleting it in its entirety and
substituting in lieu thereof the following new subsection 4.5: 
  
 “4.5. Adjustments for Refinancing of the Bonds. In the event the Bonds are refinanced with Refunding Bonds pursuant to Section 17 of the Participation Agreement, then the Basic Rent, Allocated Rent,
Casualty Value and Section 467 Loan Balance shall be adjusted by such amounts as shall preserve Net After-Tax Return while minimizing the present value of Basic Rent.” 
  
 E. Subsection 4.8. Subsection 4.8 of the Existing Lease is hereby amended by deleting it in its entirety and
substituting in lieu thereof the following new subsection 4.8: 
  
 “4.8. Preservation of Net After-Tax Return. Whenever adjustments to Basic Rent, Allocated Rent, Section 467 Loan Balance and Casualty Value are to be made to preserve Net After-Tax Return, such adjustments
shall be made in such manner that (a) each Component of Net After-Tax Return, as recomputed taking into consideration the circumstances which mandate such adjustments, is at least as great as when originally computed and (b) at least one Component
of Net After-Tax Return, as so recomputed, is equal to the amount of such Component as originally computed in accordance with the assumptions specified in Schedule 1 to the Participation Agreement. In determining the present value of Basic
Rent for purposes of this Section 4, a discount rate of 5.647% per annum shall be used, except that, with respect to any adjustment to Basic Rent pursuant to subsection 4.3 (and those portions of Basic Rent previously changed by such adjustments),
the discount rate used at the time of the applicable payment or financing shall be utilized.” 
  

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 F. Section 4. Section 4 of the Existing Lease is hereby further amended by adding after the last
subsection thereof the following new subsection 4.12: 
  
 “4.12. Adjustments to Comply with Section 467 of Code. All adjustments pursuant to subsection 4.3 and subsection 4.5 shall be made in compliance with Section 467 of the Code and any proposed, temporary or final regulations
thereunder or any judicial decision, or any Revenue Ruling, Revenue Procedure or other published Internal Revenue Service interpretation of general application interpreting or relating to Section 467 of the Code (for this purpose, compliance with
Section 467 of the Code shall mean making such adjustments in a manner such that rent will be accounted for under Treasury Regulation Section 1.467-1(d)(2)(iii) or a successor provision), and in compliance with the requirements of Rev. Proc.
2001-28, 2001-19 IRB 1156 and Sections 4.02(5), 4.07(1) and 4.07(2) of Rev. Proc. 2001-29, 2001-19, IRB 1160 (or any successor provisions) as they exist at the time of such adjustment; provided, however, that in the absence of any
change to Section 467 of the Code (or any proposed, temporary or final regulations thereunder) or to the requirements of Rev. Proc. 2001-28 that is effective with respect to this Lease, such compliance shall be in the same manner and to the same
extent as Basic Rent complied with such requirements prior to such adjustment.” 
  
 G. Subsection 6.1. (i) Paragraph (a) of subsection 6.1 of the Existing Lease is hereby amended by deleting it in its entirety and substituting in lieu thereof the following new paragraph (a): 
  
 “(a) on the date of expiration of the Basic Term, at a
purchase price equal to the excess of (A) the aggregate of (x) the lesser of (i) the Fair Market Sale Value on such date of the Assets and (ii) the sum of (1) the Expected End-of-Basic-Term Asset Value and (2) fair market value on such date of any
Nonseverable Alterations completed after the date of the Marshall & Stevens Appraisal and financed by an additional investment of Owner Participant in accordance with paragraph (c) of subsection 11.6, as set forth in the appraisal utilized for
such financing, and (y) the Lessee Loan Balance, if any, on such date, over (B) the Lessor Loan Balance, if any, on such date;” 
  
 (ii) Paragraph (c) of subsection 6.1 of the Existing Lease is hereby amended by deleting it in its entirety and substituting in lieu thereof the following
new paragraph (c): 
  
 “(c) (i) on each of
September 29, 2015, September 29, 2020, and September 29, 2025, (ii) in the event that the Owner Participant declines to participate in the financing pursuant to 
  

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 paragraph (c) of subsection 11.6 of any Nonseverable Alteration having a Nonseverable Alteration Cost in
excess of $10,000,000, on either of the next two Basic Rent Payment Dates for which Lessee may give timely notice pursuant to subsection 6.2(b), or (iii) as provided in clause (i) of the second paragraph of subsection 14.2(a), on either of the next
two Basic Rent Payment Dates for which Lessee may give timely notice pursuant to subsection 6.2(b), in each case at a purchase price equal to the greater of (1) the sum of the Casualty Value applicable on such Basic Rent Payment Date, the premium,
if any, on the Bonds then Outstanding and the installment of Basic Rent due on such date (excluding any amount of Basic Rent due on such date which would represent a payment in advance) and (2) the sum of the Fair Market Sale Value of the Assets on
such date, the premium, if any, on the Bonds then Outstanding and the installment of Basic Rent due on such date (excluding any amount of Basic Rent due on such date which would represent a payment in advance); provided that, the Lessor Loan
Balance, if any, on such Basic Rent Payment Date shall be credited against such purchase price and the Lessee Loan Balance, if any, on such Basic Rent Payment Date shall be added to such purchase price; provided, further, that, for purposes
of this paragraph, Lessee may credit against such purchase price the principal amount of and accrued and unpaid interest on the Bonds then Outstanding so long as the conditions set forth in subsection 6.3 hereof and Section 2.16 of the Indenture
have been satisfied.” 
  
 H. Subsection 7.3. (i)
Paragraph (b) of subsection 7.3 of the Existing Lease is hereby amended by deleting it in its entirety and substituting in lieu thereof the following new paragraph (b): 
  
 “(b) Lessor may elect to retain rather than sell the Assets by giving notice to Lessee and Indenture
Trustee no later than 60 days prior to the Termination Date. It shall be a condition precedent to Lessor’s right to retain the Assets that on or prior to the Termination Date Lessor shall have (a) paid to Indenture Trustee the principal of,
premium, if any, and accrued and unpaid interest on the Bonds then Outstanding to the date of payment or (b) caused the Bonds to be deemed to have been paid in accordance with Section 3.01 of the Indenture. If Lessor elects to retain the Assets
pursuant to this paragraph, (i) Lessee shall pay to Lessor on the Termination Date any Basic Rent and other Rent due on such date (excluding any amount of Basic Rent due on such date which would represent a payment in advance), any premium payable
on any Bond then Outstanding and the Lessee Loan Balance, if any, on such date, but shall not be required to pay Casualty Value pursuant to subsection 7.4, and (ii) on the Termination Date Lessor shall pay to Lessee the Lessor Loan Balance, if any,
on such date and deliver to Lessee such instruments as Lessee shall reasonably request to evidence the termination of this Lease.” 
  

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 (ii) Paragraph (c) of subsection 7.3 of the Existing Lease is hereby amended by deleting it in its
entirety and substituting in lieu thereof the following new paragraph (c): 
  
 “(c) In the event that pursuant to paragraph (a) of this subsection 7.3 no acceptable purchaser of the Unit 2 Assets is found, the Lease shall terminate on the Termination Date, and Lessee shall pay to Lessor on
the Termination Date an amount equal to the excess of (A) the aggregate of (i) the Casualty Value in effect on the Termination Date, (ii) all other sums then due and owing by Lessee to Lessor under any of the Operative Documents, including but not
limited to all Rent due through the Termination Date (excluding any amount of Basic Rent due on such date which would represent a payment in advance) and any premium on any Outstanding Bond (without duplication), and (iii) the Lessee Loan Balance,
if any, on such date, over (B) the Lessor Loan Balance, if any, on such date, and Lessor shall Transfer the Assets to Lessee; provided, however, that Lessee (i) shall not use the Assets (including, directly or indirectly, the Energy
therefrom) and shall deliver semiannually to Owner Participant an Officers Certificate so confirming and (ii) shall use its best efforts to sell the Assets or any part thereof for a cash price which exceeds the Casualty Value paid on the Termination
Date. Upon such sale, Lessee shall pay over to Lessor the excess, if any, of such purchase price (after deduction therefrom of all costs, expenses and fees whatsoever payable by Lessee, as seller, and all fees and expenses including, without
limitation, attorneys’ fees incurred by Lessee in connection with such purchase and sale) over such Casualty Value. The provisions of this paragraph (c) shall survive such termination of the Lease.” 
  
 I. Subsection 7.4. Subsection 7.4 of the Existing Lease is hereby
amended by deleting it in its entirety and substituting in lieu thereof the following new subsection 7.4: 
  
 “7.4. Termination Payment. As a condition to the Transfer described in paragraph (a) of subsection 7.3 and as a condition to
termination of this Lease pursuant to paragraph (a) of subsection 7.3, Lessee shall pay on the Termination Date to Lessor, in immediately available funds, (a) an amount equal to the excess, if any, of (i) the aggregate of the Casualty Value in
effect on the Termination Date, and, if a Transfer pursuant to paragraph (a) of subsection 7.3 is made to an Other Owner or an Affiliate thereof, an amount equal to the product of such Casualty Value and .05, over (ii) the purchase price actually
paid to Lessor by the 
  

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 purchaser, after deduction therefrom of all costs, expenses and fees whatsoever payable by Lessor, as
seller, and all fees and expenses including, without limitation, attorneys’ fees incurred by Lessor or Owner Participant in connection with such purchase and sale, plus (b) the Lessee Loan Balance, if any, on the Termination Date,
plus (c) all other sums then due and owing by Lessee to Lessor under any of the Operative Documents, including but not limited to all Rent due through the Termination Date (excluding any amount of Basic Rent due on such date which would
represent a payment in advance) and any premium on any Outstanding Bond and all other sums due under the Bonds (without duplication), minus (d) the Lessor Loan Balance, if any, on the Termination Date. To the extent the Lessor Loan Balance on
the Termination Date exceeds the aggregate of the amounts denoted by clauses (a), (b) and (c) of the immediately preceding sentence, Lessor shall pay an amount equal to such excess to Lessee on the Termination Date.” 
  
 J. Subsection 11.6(c). Subsection 11.6(c) of the Existing Lease is hereby
amended by adding at the end thereof the following new sentence: 
  
 “For the avoidance of doubt, the parties hereto expressly agree that notwithstanding the use of the singular terms “Nonseverable Alteration” and “Nonseverable Alteration Cost” herein, Lessee
is expressly permitted to aggregate the Nonseverable Alteration Costs of one or more Nonseverable Alterations effected after June 30, 2005 within a period of 24 consecutive months during the Basic Term and any Renewal Term in seeking financing for
the Nonseverable Alteration Costs of such Nonseverable Alterations pursuant to this Agreement and the applicable provisions of the other Operative Documents, and for all purposes of this Agreement (including clause (ii) of subsection 6.1(c) hereof)
and other relevant Operative Documents, such Nonseverable Alterations and Nonseverable Alteration Costs so aggregated shall be deemed a “Nonseverable Alteration” and “Nonseverable Alteration Cost” as used herein and
therein.” Lessee shall include in the report delivered to Owner Participant pursuant to Section 11.7 hereof the information concerning the Nonseverable Alteration Costs of such Nonseverable Alterations made during the period from the last
previous report to the date of such report. 
  
 K. Subsection
12.2. Subsection 12.2 of the Existing Lease is hereby amended by deleting the first four sentences thereof in their entirety and substituting in lieu thereof the following new sentence: 
  
 “If an Event of Loss shall occur, Lessee shall pay to
Lessor (subject to subsection 15.2), on the Basic Lease Commencement Date or the Basic Rent Payment Date next succeeding the 
  

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 occurrence of the Event of Loss (unless the Event of Loss shall have occurred less than 45 days prior to
such date, in which case such Casualty Value shall be determined as of and paid on the Basic Rent Payment Date next succeeding the occurrence of such Basic Lease Commencement Date or Basic Rent Payment Date), (1) an amount equal to the excess of (A)
the aggregate of (i) the Casualty Value in effect on such date and (ii) the Lessee Loan Balance, if any, on such date over (B) the Lessor Loan Balance, if any, on such date, (2) any and all Rent due through and including the date of such payment
(excluding, however, any amount of Basic Rent due on the date of such payment which would represent a payment in advance), and (3) all other sums due and owing from Lessee to Lessor under the Operative Documents; whereupon (a) the Lease shall
terminate and the obligations of Lessee hereunder (other than the obligation to pay Supplemental Rent and any obligation expressed herein as surviving termination of this Lease) shall terminate as of the date of such payment and (b) Lessor shall
Transfer the Leased Assets subject to such Event of Loss to Lessee or as Lessee shall direct, free and clear of the Lien of the Indenture.” 
  
 L. Subsection 17.1 (i) Paragraph (e) of subsection 17.1 of the Existing Lease is hereby amended by deleting clauses (i) through (iv) thereof in
their entirety and substituting in lieu thereof the following new clauses: 
  
 “(i) an amount equal to (a) the excess, if any, of the Casualty Value, computed as of the Basic Rent Payment Date (or the Basic Lease Commencement Date, if applicable) specified in such notice, over the Fair
Market Rental Value of the Assets during the remaining Lease Term, after discounting such Fair Market Rental Value semiannually to present value as of the Basic Rent Payment Date (or the Basic Lease Commencement Date, if applicable) specified in
such notice at a rate of 5.647% per annum, plus (b) the Lessee Loan Balance, if any, on such date, minus (c) the Lessor Loan Balance, if any, on such date; or 
  
 (ii) an amount equal to (a) the excess, if any, of such Casualty Value over the Fair Market Sale Value of
the Assets as of the Basic Rent Payment Date (or the Basic Lease Commencement Date, if applicable) specified in such notice, plus (b) the Lessee Loan Balance, if any, on such date, minus (c) the Lessor Loan Balance, if any, on such
date; or 
  
 (iii) an amount equal to (a) the
highest of (A) such Casualty Value, (B) such discounted Fair Market Rental Value and (C) such Fair Market Sale Value, plus (b) the Lessee Loan Balance, if any, on such date and minus (c) the Lessor Loan Balance, if any, on such date
and, in this event, upon full payment 
  

 12 

 by Lessee of all sums due hereunder, Lessor shall exercise its best efforts promptly to sell the Assets
and pay over to Lessee the net proceeds thereof up to the amount set forth in clause (A), (B) or (C) above actually paid by Lessee to Lessor; or 
  
 (iv) an amount equal to (a) the excess of (A) the present value as of the Basic Rent Payment Date (or the Basic Lease Commencement Date,
if applicable) specified in such notice of all installments of Basic Rent until the end of the Basic Term, discounted semiannually at a rate of 5.647% per annum, over (B) the present value as of such Basic Rent Payment Date (or the Basic Lease
Commencement Date, if applicable) of the Fair Market Rental Value of the Assets until the end of the Basic Term, discounted semiannually at a rate of 5.647% per annum, plus (b) the Lessee Loan Balance, if any, on such date, minus (c)
the Lessor Loan Balance, if any, on such date; or”. 
  
 (ii)
Paragraph (f) of subsection 17.1 of the Existing Lease is hereby amended by deleting it in its entirety and substituting in lieu thereof the following new paragraph (f): 
  
 “(f) if Lessor shall have sold all of the Assets, as a whole or by a series of sales of undivided
interests, pursuant to paragraph (c) above, Lessor, in lieu of exercising its rights under paragraph (e) above with respect to the Assets, may, if it shall so elect, demand that Lessee pay to Lessor and Lessee shall pay to Lessor on the date of such
sale, as liquidated damages for loss of a bargain and not as a penalty (in lieu of Basic Rent due for periods commencing after the next Basic Rent Payment Date following the date of such sale), (i) any unpaid Rent due and attributable to the use of
the Assets by Lessee through such Basic Rent Payment Date, plus (ii) the amount of any deficiency between the Casualty Value, computed as of such Basic Rent Payment Date, and the net proceeds of such sale, together with interest at the
Stipulated Interest Rate on the amount of such Rent and such difference from the date of such sale until the date of actual payment, plus (iii) the Lessee Loan Balance, if any, on such Basic Rent Payment Date, minus (iv) the Lessor
Loan Balance, if any, on such Basic Rent Payment Date; provided that if the Lessor Loan Balance, if any, on such Basic Rent Payment Date exceeds the aggregate of the amounts denoted by clauses (i) through (iii) of this paragraph, Lessor shall
promptly pay to Lessee an amount equal to such excess or”. 
  
 M. Schedules. (i) Schedules 1 and 2 to the Existing Lease are hereby amended by deleting each such Schedule in its entirety and substituting in lieu thereof Schedules 1 and 2 attached to this Amendment No.
4. 
  

 13 

 (ii) The Existing Lease is hereby further amended by adding thereto a Schedule 3, “Allocated
Rent”, and a Schedule 4, “Section 467 Loan Balances”, each as attached to this Amendment No. 4. 
  
 SECTION 3. RATIFICATION OF EXISTING LEASE. 
  
 Except as expressly amended and modified hereby, the Existing Lease shall continue to be, and shall remain, in full force and effect in accordance with
its terms, and this Amendment No. 4 shall not be deemed to be a waiver of or consent to any modification or amendment of any other term or condition of the Existing Lease. 
  
 SECTION 4. GOVERNING LAW. 
  

This Amendment No. 4 shall be governed by and construed in accordance with the laws of the State of New York without regard to the principles of
conflicts of law thereof. 
  
 SECTION 5. COUNTERPART
EXECUTION. 
  
 This Amendment No. 4 may be executed in any
number of counterparts and by each of the parties hereto on separate counterparts, all such counterparts together constituting but one and the same instrument, with the counterpart or counterparts delivered to the Indenture Trustee pursuant to the
Indenture being deemed the “Original” and all other counterparts being deemed duplicates. 
  

 14 

 EXECUTION VERSION 
  

IN WITNESS WHEREOF, the parties hereto have each caused this Amendment No. 4 to be duly executed as of the date first above written. 
  

			
	 U.S. BANK NATIONAL ASSOCIATION, not in
its individual capacity but solely as owner
trustee under the Trust
Agreement

		
	 By:
	 	 /S/    MICHAEL M. HOPKINS

	 Name:
	 	 Michael M. Hopkins

	 Title:
	 	 Vice President

	
	 KANSAS GAS AND ELECTRIC COMPANY

		
	 By:
	 	 /S/    MARK A. RUELLE

	 Name:
	 	 Mark A. Ruelle

	 Title:
	 	 Vice President and Treasurer

 ACKNOWLEDGMENT 
  

			
	STATE OF CONNECTICUT	  	)
	 	  	)
	COUNTY OF HARTFORD	  	)

  
 This instrument was
acknowledged before me on June 27th, 2005 by Michael M. Hopkins as Vice President of U.S. BANK NATIONAL ASSOCIATION, as Owner Trustee. 
  

	
	 /S/    KAREN R. FELT

	 Printed Name: Karen R. Felt

	Notary Public

  

			
	(Seal)	  	 
	  
 My appointment expires:
  
	  	 Karen R. Felt
 Notary Public
 My Commission Expires 02/28/2009

	
	  

 ACKNOWLEDGMENT 
  

			
	STATE OF KANSAS	  	)
	 	  	)
	COUNTY OF SHAWNEE	  	)

  
 This instrument was
acknowledged before me on June 30, 2005 by Mark A. Ruelle as Vice President and Treasurer of KANSAS GAS AND ELECTRIC COMPANY. 
  

	
	 /S/    MERILEE K. MARTIN

	 Printed Name:    Merilee K. Martin

	Notary Public

  
  
  

			
	(Seal)	  	 
		
	 My appointment expires:
	  	 Merilee K. Martin

	  
 July 8, 2007
	  	 Notary Public-State of Kansas
 My Appt. Exp: 7-8-2007

	 	  	 

 EXECUTION VERSION 
  

SCHEDULE 1 TO 
 LEASE AGREEMENT 
  
 Installments of Basic Rent  
 (Expressed as a percentage of Purchase Price) 
  

						
	Basic Rent
Payment Date

	 	Advance/Arrears

	 	Percentage

	 
	Jun 30 2005	 	Arrears	 	0.936557	%
	Sep 29 2005	 	Arrears	 	7.986701	%
	Mar 29 2006	 	Arrears	 	6.248281	%
	Sep 29 2006	 	Arrears	 	2.304310	%
	Mar 29 2007	 	Arrears	 	2.304310	%
	Sep 29 2007	 	Arrears	 	3.679916	%
	Mar 29 2008	 	Arrears	 	2.265470	%
	Sep 29 2008	 	Arrears	 	6.123120	%
	Mar 29 2009	 	Arrears	 	2.156549	%
	Sep 29 2009	 	Arrears	 	6.250480	%
	Mar 29 2010	 	Arrears	 	2.040957	%
	Sep 29 2010	 	Arrears	 	6.385641	%
	Mar 29 2011	 	Arrears	 	1.918285	%
	Sep 29 2011	 	Arrears	 	6.529081	%
	Mar 29 2012	 	Arrears	 	1.788099	%
	Sep 29 2012	 	Arrears	 	6.681307	%
	Mar 29 2013	 	Arrears	 	7.006913	%
	Sep 29 2013	 	Arrears	 	1.498685	%
	Mar 29 2014	 	Arrears	 	7.194140	%
	Sep 29 2014	 	Arrears	 	1.337874	%
	Mar 29 2015	 	Arrears	 	7.393196	%
	Sep 29 2015	 	Arrears	 	1.166902	%
	Mar 29 2016	 	Arrears	 	7.604830	%
	Sep 29 2016	 	Arrears	 	0.985127	%
	Mar 29 2017	 	Arrears	 	7.829836	%
	Sep 29 2017	 	Arrears	 	0.791867	%
	Mar 29 2018	 	Arrears	 	8.069058	%
	Sep 29 2018	 	Arrears	 	0.586395	%
	Mar 29 2019	 	Arrears	 	8.323397	%
	Sep 29 2019	 	Arrears	 	0.367941	%
	Mar 29 2020	 	Arrears	 	8.593805	%
	Sep 29 2020	 	Arrears	 	0.135684	%
	Mar 29 2021	 	Arrears	 	4.941199	%
	Sep 29 2021	 	Arrears	 	0.000000	%
	Mar 29 2022	 	Arrears	 	0.000000	%
	Sep 29 2022	 	Arrears	 	0.000000	%
	Mar 29 2023	 	Arrears	 	0.000000	%
	Sep 29 2023	 	Arrears	 	0.000000	%
	Mar 29 2024	 	Arrears	 	0.000000	%
	Sep 29 2024	 	Arrears	 	0.000000	%
	Mar 29 2025	 	Arrears	 	0.000000	%
	Sep 29 2025	 	Arrears	 	0.000000	%
	Mar 29 2026	 	Arrears	 	0.000000	%
	Sep 29 2026	 	Arrears	 	0.000000	%

						
	Basic Rent
Payment Date

	 	Advance/Arrears

	 	Percentage

	 
	Mar 29 2027	 	Arrears	 	0.000000	%
	Sep 29 2027	 	Arrears	 	0.000000	%
	Mar 29 2028	 	Arrears	 	0.000000	%
	Sep 29 2028	 	Arrears	 	0.000000	%
	Mar 29 2029	 	Arrears	 	0.000000	%
	Sep 29 2029	 	Arrears	 	0.000000	%

 EXECUTION VERSION 
  

SCHEDULE 2 TO 
 LEASE AGREEMENT 
  
 Casualty Values  
 (Expressed as a percentage of Purchase Price) 
  

													
	Date

	 	Percentage

	 	 	 Lessor
 Loan
Balance

	 	 	Lessee
Loan
Balance

	 	 	 Net Casualty
Value due
 on
Termination

	 
	Jun 30 2005	 	117.402587	%	 	0.936557	%	 	0.000000	%	 	116.466030	%
	Sep 29 2005	 	115.924025	%	 	5.695824	%	 	0.000000	%	 	110.228201	%
	Mar 29 2006	 	118.145428	%	 	12.085646	%	 	0.000000	%	 	106.059782	%
	Sep 29 2006	 	120.271742	%	 	14.690284	%	 	0.000000	%	 	105.581457	%
	Mar 29 2007	 	109.815774	%	 	4.755551	%	 	0.000000	%	 	105.060224	%
	Sep 29 2007	 	111.683323	%	 	8.553642	%	 	0.000000	%	 	103.129680	%
	Mar 29 2008	 	113.032416	%	 	10.483666	%	 	0.000000	%	 	102.548750	%
	Sep 29 2008	 	114.960348	%	 	16.867305	%	 	0.000000	%	 	98.093043	%
	Mar 29 2009	 	104.847074	%	 	7.363087	%	 	0.000000	%	 	97.483987	%
	Sep 29 2009	 	106.567926	%	 	13.796540	%	 	0.000000	%	 	92.771385	%
	Mar 29 2010	 	107.274034	%	 	15.130949	%	 	0.000000	%	 	92.143085	%
	Sep 29 2010	 	109.053191	%	 	21.892595	%	 	0.000000	%	 	87.160596	%
	Mar 29 2011	 	99.266858	%	 	12.754579	%	 	0.000000	%	 	86.512279	%
	Sep 29 2011	 	100.844769	%	 	19.600612	%	 	0.000000	%	 	81.244158	%
	Mar 29 2012	 	100.945403	%	 	20.367657	%	 	0.000000	%	 	80.577746	%
	Sep 29 2012	 	102.564519	%	 	27.555100	%	 	0.000000	%	 	75.009418	%
	Mar 29 2013	 	93.052848	%	 	24.085218	%	 	0.000000	%	 	68.967630	%
	Sep 29 2013	 	94.457310	%	 	26.182421	%	 	0.000000	%	 	68.274889	%
	Mar 29 2014	 	93.978053	%	 	32.099351	%	 	0.000000	%	 	61.878701	%
	Sep 29 2014	 	95.405565	%	 	34.234894	%	 	0.000000	%	 	61.170671	%
	Mar 29 2015	 	86.117826	%	 	31.718753	%	 	0.000000	%	 	54.399073	%
	Sep 29 2015	 	87.350326	%	 	33.673865	%	 	0.000000	%	 	53.676461	%
	Mar 29 2016	 	86.313062	%	 	39.803639	%	 	0.000000	%	 	46.509423	%
	Sep 29 2016	 	87.552812	%	 	41.777886	%	 	0.000000	%	 	45.774926	%
	Mar 29 2017	 	78.442618	%	 	40.253142	%	 	0.000000	%	 	38.189476	%
	Sep 29 2017	 	79.493147	%	 	42.045299	%	 	0.000000	%	 	37.447848	%
	Mar 29 2018	 	76.864056	%	 	47.433975	%	 	0.000000	%	 	29.430081	%
	Sep 29 2018	 	77.896550	%	 	49.199105	%	 	0.000000	%	 	28.697445	%
	Mar 29 2019	 	67.141536	%	 	46.903333	%	 	0.000000	%	 	20.238203	%
	Sep 29 2019	 	67.967297	%	 	48.436822	%	 	0.000000	%	 	19.530475	%
	Mar 29 2020	 	64.767573	%	 	54.156180	%	 	0.000000	%	 	10.611392	%
	Sep 29 2020	 	65.573825	%	 	55.637645	%	 	0.000000	%	 	9.936180	%
	Mar 29 2021	 	54.930056	%	 	50.457225	%	 	0.000000	%	 	4.472831	%

													
	Sep 29 2021	 	55.548905	%	 	51.711087	%	 	0.000000	%	 	3.837819	%
	Mar 29 2022	 	51.821333	%	 	48.595131	%	 	0.000000	%	 	3.226202	%
	Sep 29 2022	 	46.723331	%	 	44.080638	%	 	0.000000	%	 	2.642694	%
	Mar 29 2023	 	47.263130	%	 	45.176041	%	 	0.000000	%	 	2.087089	%
	Sep 29 2023	 	39.989084	%	 	38.424995	%	 	0.000000	%	 	1.564089	%
	Mar 29 2024	 	40.453181	%	 	39.379856	%	 	0.000000	%	 	1.073325	%
	Sep 29 2024	 	33.104743	%	 	32.484775	%	 	0.000000	%	 	0.619968	%
	Mar 29 2025	 	33.495864	%	 	33.292022	%	 	0.000000	%	 	0.203842	%
	Sep 29 2025	 	26.245658	%	 	26.245658	%	 	0.000000	%	 	0.000000	%
	Mar 29 2026	 	26.897862	%	 	26.897862	%	 	0.000000	%	 	0.000000	%
	Sep 29 2026	 	19.692604	%	 	19.692604	%	 	0.000000	%	 	0.000000	%
	Mar 29 2027	 	20.181965	%	 	20.181965	%	 	0.000000	%	 	0.000000	%
	Sep 29 2027	 	12.809816	%	 	12.809816	%	 	0.000000	%	 	0.000000	%
	Mar 29 2028	 	13.128140	%	 	13.128140	%	 	0.000000	%	 	0.000000	%
	Sep 29 2028	 	5.580703	%	 	5.580703	%	 	0.000000	%	 	0.000000	%
	Mar 29 2029	 	5.719384	%	 	5.719384	%	 	0.000000	%	 	0.000000	%
	Sep 29 2029	 	0.000000	%	 	0.000000	%	 	0.000000	%	 	0.000000	%

 EXECUTION VERSION 
  

SCHEDULE 3 TO 
 LEASE AGREEMENT 
  
 Allocated Rent  
 (Expressed as a percentage of Purchase Price) 
  

						
	Lease Period

	 	 	 
	From (and
including)

	 	To (and
excluding)

	 	Allocated Rent

	 
	Jun 30 2005	 	Sep 29 2005	 	3.238942	%
	Sep 29 2005	 	Mar 29 2006	 	0.000000	%
	Mar 29 2006	 	Sep 29 2006	 	0.000000	%
	Sep 29 2006	 	Mar 29 2007	 	12.604097	%
	Mar 29 2007	 	Sep 29 2007	 	0.000000	%
	Sep 29 2007	 	Mar 29 2008	 	0.548004	%
	Mar 29 2008	 	Sep 29 2008	 	0.000000	%
	Sep 29 2008	 	Mar 29 2009	 	12.079919	%
	Mar 29 2009	 	Sep 29 2009	 	0.000000	%
	Sep 29 2009	 	Mar 29 2010	 	1.049392	%
	Mar 29 2010	 	Sep 29 2010	 	0.000000	%
	Sep 29 2010	 	Mar 29 2011	 	11.600331	%
	Mar 29 2011	 	Sep 29 2011	 	0.000000	%
	Sep 29 2011	 	Mar 29 2012	 	1.508128	%
	Mar 29 2012	 	Sep 29 2012	 	0.000000	%
	Sep 29 2012	 	Mar 29 2013	 	11.161540	%
	Mar 29 2013	 	Sep 29 2013	 	0.000000	%
	Sep 29 2013	 	Mar 29 2014	 	1.927842	%
	Mar 29 2014	 	Sep 29 2014	 	0.000000	%
	Sep 29 2014	 	Mar 29 2015	 	10.760075	%
	Mar 29 2015	 	Sep 29 2015	 	0.000000	%
	Sep 29 2015	 	Mar 29 2016	 	2.311852	%
	Mar 29 2016	 	Sep 29 2016	 	0.000000	%
	Sep 29 2016	 	Mar 29 2017	 	10.392761	%
	Mar 29 2017	 	Sep 29 2017	 	0.000000	%
	Sep 29 2017	 	Mar 29 2018	 	3.725208	%
	Mar 29 2018	 	Sep 29 2018	 	0.000000	%
	Sep 29 2018	 	Mar 29 2019	 	11.841766	%
	Mar 29 2019	 	Sep 29 2019	 	0.000000	%
	Sep 29 2019	 	Mar 29 2020	 	4.078102	%
	Mar 29 2020	 	Sep 29 2020	 	0.000000	%
	Sep 29 2020	 	Mar 29 2021	 	11.504215	%
	Mar 29 2021	 	Sep 29 2021	 	0.000000	%
	Sep 29 2021	 	Mar 29 2022	 	4.400976	%
	Mar 29 2022	 	Sep 29 2022	 	5.722082	%
	Sep 29 2022	 	Mar 29 2023	 	0.000000	%
	Mar 29 2023	 	Sep 29 2023	 	7.873671	%
	Sep 29 2023	 	Mar 29 2024	 	0.000000	%

						
	Lease Period

	 	 	 
	Mar 29 2024	 	Sep 29 2024	 	7.873671	%
	Sep 29 2024	 	Mar 29 2025	 	0.000000	%
	Mar 29 2025	 	Sep 29 2025	 	7.873671	%
	Sep 29 2025	 	Mar 29 2026	 	0.000000	%
	Mar 29 2026	 	Sep 29 2026	 	7.873671	%
	Sep 29 2026	 	Mar 29 2027	 	0.000000	%
	Mar 29 2027	 	Sep 29 2027	 	7.873671	%
	Sep 29 2027	 	Mar 29 2028	 	0.000000	%
	Mar 29 2028	 	Sep 29 2028	 	7.873671	%
	Sep 29 2028	 	Mar 29 2029	 	0.000000	%
	Mar 29 2029	 	Sep 29 2029	 	5.861510	%

 EXECUTION VERSION 
  

SCHEDULE 4 TO 
 LEASE AGREEMENT 
  
 Section 467 Loan Balances  
 (Expressed as a percentage of Purchase Price) 
  

										
	Date

	 	 (a)
 Lessor Loan
Balance

	 	 	 (b)
 Lessee Loan
Balance

	 	 	 (c)
 Interest Amount

	 
	Jun 30 2005	 	0.936557	%	 	0.000000	%	 	0.000000	%
	Sep 29 2005	 	5.695824	%	 	0.000000	%	 	0.011507	%
	Mar 29 2006	 	12.085646	%	 	0.000000	%	 	0.141541	%
	Sep 29 2006	 	14.690284	%	 	0.000000	%	 	0.300328	%
	Mar 29 2007	 	4.755551	%	 	0.000000	%	 	0.365054	%
	Sep 29 2007	 	8.553642	%	 	0.000000	%	 	0.118175	%
	Mar 29 2008	 	10.483666	%	 	0.000000	%	 	0.212558	%
	Sep 29 2008	 	16.867305	%	 	0.000000	%	 	0.260519	%
	Mar 29 2009	 	7.363087	%	 	0.000000	%	 	0.419153	%
	Sep 29 2009	 	13.796540	%	 	0.000000	%	 	0.182973	%
	Mar 29 2010	 	15.130949	%	 	0.000000	%	 	0.342844	%
	Sep 29 2010	 	21.892595	%	 	0.000000	%	 	0.376004	%
	Mar 29 2011	 	12.754579	%	 	0.000000	%	 	0.544031	%
	Sep 29 2011	 	19.600612	%	 	0.000000	%	 	0.316951	%
	Mar 29 2012	 	20.367657	%	 	0.000000	%	 	0.487075	%
	Sep 29 2012	 	27.555100	%	 	0.000000	%	 	0.506136	%
	Mar 29 2013	 	24.085218	%	 	0.000000	%	 	0.684744	%
	Sep 29 2013	 	26.182421	%	 	0.000000	%	 	0.598518	%
	Mar 29 2014	 	32.099351	%	 	0.000000	%	 	0.650633	%
	Sep 29 2014	 	34.234894	%	 	0.000000	%	 	0.797669	%
	Mar 29 2015	 	31.718753	%	 	0.000000	%	 	0.850737	%
	Sep 29 2015	 	33.673865	%	 	0.000000	%	 	0.788211	%
	Mar 29 2016	 	39.803639	%	 	0.000000	%	 	0.836796	%
	Sep 29 2016	 	41.777886	%	 	0.000000	%	 	0.989120	%
	Mar 29 2017	 	40.253142	%	 	0.000000	%	 	1.038180	%
	Sep 29 2017	 	42.045299	%	 	0.000000	%	 	1.000291	%
	Mar 29 2018	 	47.433975	%	 	0.000000	%	 	1.044826	%
	Sep 29 2018	 	49.199105	%	 	0.000000	%	 	1.178734	%
	Mar 29 2019	 	46.903333	%	 	0.000000	%	 	1.222598	%
	Sep 29 2019	 	48.436822	%	 	0.000000	%	 	1.165548	%
	Mar 29 2020	 	54.156180	%	 	0.000000	%	 	1.203655	%
	Sep 29 2020	 	55.637645	%	 	0.000000	%	 	1.345781	%
	Mar 29 2021	 	50.457225	%	 	0.000000	%	 	1.382595	%
	Sep 29 2021	 	51.711087	%	 	0.000000	%	 	1.253862	%
	Mar 29 2022	 	48.595131	%	 	0.000000	%	 	1.285020	%
	Sep 29 2022	 	44.080638	%	 	0.000000	%	 	1.207589	%
	Mar 29 2023	 	45.176041	%	 	0.000000	%	 	1.095404	%
	Sep 29 2023	 	38.424995	%	 	0.000000	%	 	1.122625	%
	Mar 29 2024	 	39.379856	%	 	0.000000	%	 	0.954861	%
	Sep 29 2024	 	32.484775	%	 	0.000000	%	 	0.978589	%
	Mar 29 2025	 	33.292022	%	 	0.000000	%	 	0.807247	%
	Sep 29 2025	 	26.245658	%	 	0.000000	%	 	0.827307	%
	Mar 29 2026	 	26.897862	%	 	0.000000	%	 	0.652205	%

										
	Sep 29 2026	 	19.692604	%	 	0.000000	%	 	0.668412	%
	Mar 29 2027	 	20.181965	%	 	0.000000	%	 	0.489361	%
	Sep 29 2027	 	12.809816	%	 	0.000000	%	 	0.501522	%
	Mar 29 2028	 	13.128140	%	 	0.000000	%	 	0.318324	%
	Sep 29 2028	 	5.580703	%	 	0.000000	%	 	0.326234	%
	Mar 29 2029	 	5.719384	%	 	0.000000	%	 	0.138680	%
	Sep 29 2029	 	0.000000	%	 	0.000000	%	 	0.142127	%Second Supplemental Participation Agreement

 Exhibit 10.4 
  
 EXECUTION VERSION 
  
 SECOND SUPPLEMENTAL PARTICIPATION AGREEMENT 
  
 among 
  
 U.S. BANK NATIONAL ASSOCIATION 
 Owner Trustee 
  
 DEUTSCHE BANK TRUST COMPANY AMERICAS 
 Indenture Trustee 
  
 COMCAST MO FINANCIAL SERVICES, INC. 
 Owner Participant 
  
 and 
  
 KANSAS GAS AND ELECTRIC COMPANY 
 Lessee 
  

  
 Dated as of June 30, 2005 
  

  
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	PAGE

	ARTICLE 1	  	 
	DEFINITIONS	  	 
		
	ARTICLE 2	  	 
	REFINANCING OF THE 1992 SERIES BONDS	  	 
			
	 Section 2.01.
	  	Issuance of 2005 Series Bonds	  	5
	 Section 2.02.
	  	Delivery of Second Supplemental Indenture	  	5
	 Section 2.03.
	  	Delivery of Lease Supplement	  	5
	 Section 2.04.
	  	Other Amounts	  	5
	 Section 2.05.
	  	Owner Trust And Financing Statements	  	6
		
	ARTICLE 3	  	 
	AMENDMENTS	  	 
			
	 Section 3.01.
	  	New Schedule 1	  	6
	 Section 3.02.
	  	New Schedule 10	  	6
	 Section 3.03.
	  	Amendment To Section 17	  	6
	 Section 3.04.
	  	Definitions	  	7
		
	ARTICLE 4	  	 
	REPRESENTATIONS AND WARRANTIES OF OWNER PARTICIPANT	  	 
			
	 Section 4.01.
	  	Due Organization	  	10
	 Section 4.02.
	  	Due Authorization; Enforceability; etc	  	10
	 Section 4.03.
	  	No Violation	  	11
	 Section 4.04.
	  	Owner Participant’s Liens; Performance Does Not Create Liens	  	12
	 Section 4.05.
	  	Utility Status	  	12
		
	ARTICLE 5	  	 
	REPRESENTATIONS AND WARRANTIES OF OWNER TRUSTEE	  	 
			
	 Section 5.01.
	  	Due Organization	  	13
	 Section 5.02.
	  	Due Authorization; Enforceability; etc	  	13
	 Section 5.03.
	  	No Violation	  	14
	 Section 5.04.
	  	Defaults	  	15
	 Section 5.05.
	  	Location	  	15
	 Section 5.06.
	  	Litigation	  	15
	 Section 5.07.
	  	Lessor’s Liens; Performance Does Not Create Liens	  	15
	 Section 5.08.
	  	Securities Act	  	15

					
	ARTICLE 6	  	 
	REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF INDENTURE
TRUSTEE	  	 
			
	 Section 6.01.
	  	Due Organization	  	16
	 Section 6.02.
	  	Due Authorization; Enforceability	  	16
	 Section 6.03.
	  	No Violation	  	16
		
	ARTICLE 7	  	 
	REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF LESSEE	  	 
			
	 Section 7.01.
	  	Due Incorporation, etc	  	17
	 Section 7.02.
	  	Authorization	  	17
	 Section 7.03.
	  	Execution	  	17
	 Section 7.04.
	  	No Violations	  	18
	 Section 7.05.
	  	Governmental Actions	  	19
	 Section 7.06.
	  	Litigation	  	19
	 Section 7.07.
	  	Regulation	  	20
	 Section 7.08.
	  	No Default	  	21
	 Section 7.09.
	  	No Event of Loss	  	21
	 Section 7.10.
	  	Filings and Recordings	  	21
		
	ARTICLE 8	  	 
	CONDITIONS PRECEDENT TO PARTICIPATION AND COMMITMENT ON
THE REFINANCING DATE	  	 
			
	 Section 8.01.
	  	Refinancing Documents	  	22
	 Section 8.02.
	  	2005 Series Bonds	  	22
	 Section 8.03.
	  	Filings and Recordings	  	22
	 Section 8.04.
	  	Representations and Warranties	  	23
	 Section 8.05.
	  	Opinions	  	23
	 Section 8.06.
	  	No Default Certificates	  	23
	 Section 8.07.
	  	1992 Series Bonds	  	23
	 Section 8.08.
	  	Actions, Proceedings or Investigations	  	23
	 Section 8.09.
	  	Consents And Approvals	  	23
	 Section 8.10.
	  	Resolutions, Corporate Proceedings, etc	  	24
	 Section 8.11.
	  	Event of Loss	  	24
	 Section 8.12.
	  	Taxes, Fees and Charges	  	24
	 Section 8.13.
	  	Payment for Bonds and Refinancing Expenses	  	24
	 Section 8.14.
	  	Consents, Authorizations and Instructions of Owner Participant	  	25
	 Section 8.15.
	  	Tax Opinion	  	25
	 Section 8.16.
	  	Compliance Certificate	  	25
	 Section 8.17.
	  	Lessee’s Performance	  	25
	 Section 8.18.
	  	Legality, etc	  	25
	 Section 8.19.
	  	Other Evidence	  	25

  

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	ARTICLE 9	  	 
	AGREEMENTS AND COVENANTS	  	 
			
	 Section 9.01.
	  	Agreement Respecting Refinancing Documents	  	26
	 Section 9.02.
	  	Prepayment	  	26
	 Section 9.03.
	  	Successor Owner Trustee	  	26
	 Section 9.04.
	  	Trust Agreement	  	27
	 Section 9.05.
	  	Indemnity	  	27
	 Section 9.06.
	  	Continuation Statements	  	27
	 Section 9.07.
	  	Further Assurance	  	27
	 Section 9.08.
	  	Tax Indemnity Agreement	  	27
	ARTICLE 10	  	 
	SURVIVAL OF REPRESENTATIONS AND WARRANTIES; BINDING
EFFECT	  	 
	 Section 10.01.
	  	Survival	  	28
	 Section 10.02.
	  	Binding Effect	  	28
		
	ARTICLE 11	  	 
	NOTICES	  	 
		
	ARTICLE 12	  	 
	MISCELLANEOUS	  	 
			
	 Section 12.01.
	  	Consent and Direction to Owner Trustee	  	28
	 Section 12.02.
	  	Owner Trustee Request	  	28
	 Section 12.03.
	  	Effect of Supplement	  	29
	 Section 12.04.
	  	Execution	  	29
	 Section 12.05.
	  	Governing Law	  	29
	 Section 12.06.
	  	Amendments, Supplements, etc	  	29
	 Section 12.07.
	  	Headings	  	29
	 Signatures
	  	 	  	 
			
	 SCHEDULE 1
	  	            Assumptions	  	 
	 SCHEDULE 2
	  	            Litigation	  	 
	 SCHEDULE 3
	  	            Defaults	  	 
	 SCHEDULE 8B
	  	            Additional Filings and Recordings	  	 
	 SCHEDULE 10
	  	            Addresses for Notices	  	 
			
	 EXHIBIT A
	  	            Lease Supplement	  	 
	 EXHIBIT B
	  	            Second Supplemental Indenture	  	 
	 EXHIBIT C
	  	            Opinions	  	 

  

 iii 

 SECOND SUPPLEMENTAL PARTICIPATION AGREEMENT 
  
 THIS SECOND SUPPLEMENTAL PARTICIPATION AGREEMENT is dated as of June 30,
2005, among U.S. BANK NATIONAL ASSOCIATION (as successor in interest to The Connecticut National Bank), a national banking association, not in its individual capacity except to the extent set forth herein but solely as owner trustee (“Owner
Trustee”) under the Trust Agreement dated as of September 1, 1987, DEUTSCHE BANK TRUST COMPANY AMERICAS (as successor in interest to Bankers Trust Company), a New York banking corporation, in its individual capacity to the extent set forth
herein and as indenture trustee (“Indenture Trustee”), COMCAST MO FINANCIAL SERVICES, INC. (formerly named US West Financial Services, Inc.), a Colorado corporation, as owner participant (“Owner Participant”), and
KANSAS GAS AND ELECTRIC COMPANY, a Kansas corporation, as lessee (“KGE” or “Lessee”). 
  
 RECITALS: 
  
 A. Owner Trustee, Indenture Trustee (in its individual capacity to the extent set forth therein, and as indenture trustee), Owner Participant and Lessee
have entered into that certain Participation Agreement dated as of September 1, 1987 (herein called the “Original Participation Agreement”). 
  
 B. Pursuant to the Original Participation Agreement, Owner Trustee purchased the Interest from Lessee and leased the Assets to Lessee under that certain
Lease Agreement dated as of September 1, 1987 as subsequently amended by Amendment No. 1 dated as of October 1, 1987, Amendment No. 2 dated as of August 1, 1989, and Amendment No. 3 dated as of September 18, 1992 (as so amended, herein called the
“Existing Lease”) made between Owner Trustee and Lessee. 
  
 C. Pursuant to the Original Participation Agreement, Owner Trustee borrowed a portion of the Purchase Price by issuing and delivering the Initial Series Bonds and to secure such Bonds and any other Bonds granted a
security interest in the Indenture Estate pursuant to that certain Trust Indenture, Security Agreement and Mortgage, between Indenture Trustee, Owner Trustee and Lessee, dated as of September 1, 1987 (herein called the “Original
Indenture”). 
  
 D. Pursuant to Section 17 of the
Original Participation Agreement as amended by a Supplemental Participation Agreement dated as of September 18, 1992 (the Original Participation Agreement, as so amended, herein called the “Existing Participation Agreement”), on
September 29, 1992, the parties thereto effected a refinancing (the “Initial Refunding”) of the then Outstanding Initial Series Bonds by means of the issuance of nonrecourse refunding Bonds (the “1992 Series Bonds”)
pursuant to the Original Indenture as amended and 

 supplemented by the First Supplemental Indenture dated as of September 29, 1992 (the Original Indenture as so amended and
supplemented, herein called the “Existing Indenture”). 
  
 E. Pursuant to Section 17(a) of the Existing Participation Agreement, Lessee has requested Owner Trustee to effect a refinancing to, among other things, redeem in whole the 1992 Series Bonds Outstanding as of the date hereof by issuing the
2005 series Bonds (the “2005 Series Bonds”). 
  
 F. Owner Trustee, Owner Participant and Indenture Trustee, having been given (or having waived) the requisite prior written notice of the refunding as required by subsection 17(c) of the Existing Participation Agreement, agree to cooperate
with Lessee to effect such refinancing on or shortly after the date hereof. 
  
 G. In connection with such refinancing, the parties to the Existing Participation Agreement desire to enter into this Second Supplemental Participation Agreement to, among other things, amend Section 17 of the
Existing Participation Agreement in order to, inter alia, permit the aggregate principal amount of the 2005 Series Bonds to be in an amount which is greater than the original aggregate principal amount of the 1992 Series Bonds. 
  
 H. In connection with such refinancing, Lessee and Owner Trustee are entering
into a purchase agreement (the “2005 Purchase Agreement”) and a registration rights agreement (the “Registration Rights Agreement”) with a group of initial purchasers named therein (the “2005
Purchasers”), providing for the offering and sale of the 2005 Series Bonds and the filing of a registration statement (the “2005 Registration Statement”) with the Commission after such offering and sale with respect to such
Bonds. 
  
 I. The 2005 Series Bonds will be issued in accordance
with Section 2.15 of the Existing Indenture as amended and supplemented by a second supplemental indenture dated as of the date hereof (the “Second Supplemental Indenture”) (the Existing Indenture, as so amended and supplemented by
the Second Supplemental Indenture, herein called the “Indenture”). 
  
 J. Following the issuance of the 2005 Series Bonds, Lessee will file with the Commission the 2005 Registration Statement pursuant to the Registration Rights Agreement. 
  
 K. Concurrently with such refinancing, Lessee and Owner Participant desire
also to restructure certain terms of the transaction contemplated by the Existing Participation Agreement and the Existing Lease and, to that end, Owner Participant will cause Owner Trustee to enter into (i) with Lessee Amendment No. 4 to the Lease
Agreement (the “Lease Supplement”) to amend the Existing 
  

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 Lease (the Existing Lease, as so amended, herein called the “Lease”), (ii) with KGE Amendment No. 1 to
the Ground Lease (the “Ground Lease Amendment”), and with KGE Amendment No. 1 to the Sublease (the “Sublease Amendment”). 
  
 Accordingly, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows: 
  
 ARTICLE 1 
 DEFINITIONS 
  
 Capitalized terms used herein, which are not otherwise defined herein, shall have the meanings set forth in Appendix A to the Existing
Participation Agreement, as amended by this Second Supplemental Participation Agreement. 
  
 Unless the context otherwise requires, the following capitalized terms when used herein shall have the following meanings: 
  
 “Refinancing Documents” shall mean, collectively, the Second Supplemental Participation Agreement, the Lease Supplement, the Ground Lease
Amendment, the Sublease Amendment, the Second Supplemental Indenture and the 2005 Series Bonds. 
  
 “Refinancing Expenses” shall mean the fees, expenses, disbursements and costs incurred in connection with refinancing the 1992 Series
Bonds as contemplated by Section 17 of the Participation Agreement, including without limitation: 
  
 (i) all expenses and fees in connection with the preparation and printing of any preliminary offering circular and final offering circular
relating to the 2005 Series Bonds and any amendments and supplements thereto and the mailing and delivering of copies thereof to the 2005 Purchasers and dealers; 
  
 (ii) the cost of printing and producing the 2005 Purchase Agreement and the Registration Rights Agreement
relating to the 2005 Series Bonds, and any other documents in connection with the offering, sale and delivery of the 2005 Series Bonds (to the extent not included in the 2005 Purchasers’ fees); 
  
 (iii) all expenses and fees in connection with the
preparation, printing and filing of the 2005 Registration Statement, any preliminary prospectus and final prospectus relating to the 2005 Series Bonds and amendments and supplements thereto and the mailing and delivering of copies thereof to the
2005 Purchasers and dealers; 
  

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 (iv) all fees and expenses in connection with the qualification of the Indenture under
the Trust Indenture Act; 
  
 (v) the cost of
preparing the 2005 Series Bonds and the fees and expenses of rating agencies; 
  
 (vi) all 2005 Purchasers’ fees, commissions and expenses (including the reasonable fees and disbursements of the 2005 Purchasers’ counsel); 
  
 (vii) the reasonable fees and disbursements of counsel to Owner Trustee and Indenture Trustee; 

 
 (viii) the reasonable legal fees and disbursements of
Owner Participant and reasonable out-of-pocket expenses of Banc of America Leasing; 
  
 (ix) Lessee’s legal and accounting fees and disbursements and its reasonable out-of-pocket cost and expenses; and 
  
 all other reasonable fees, expenses and disbursements incurred in connection
with the preparation, execution and delivery of the Refinancing Documents, the 2005 Purchase Agreement, the Registration Rights Agreement, the redemption of the 1992 Series Bonds, and consummation of the transactions contemplated hereby or thereby,
including the fees and expenses incurred in connection with the appraisal, title insurance, filing and recordation. 
  
 ARTICLE 2 
 REFINANCING OF THE 1992
SERIES BONDS 
  
 Subject to the
terms and conditions hereof, the parties agree to consummate the transactions contemplated by this Second Supplemental Participation Agreement simultaneously with the closing of the issuance of 2005 Series Bonds pursuant to the 2005 Purchase
Agreement relating to the 2005 Series Bonds at the offices of Davis Polk & Wardwell, New York, New York 10017, at 10:00 A.M., New York City time, on June 30, 2005 (the “Scheduled Refinancing Date”), or at such other place and on
such other Business Day as Lessee shall advise the other parties hereto is the closing date under such 2005 Purchase Agreement (such Scheduled Refinancing Date or such other day herein referred to as the “Refinancing Date”). Subject
to the terms and conditions hereof, on the Refinancing Date, (a) Lessee and Owner Trustee shall execute and deliver the 
  

 4 

 Lease Supplement, substantially in the form of Exhibit A hereto, (b) Owner Trustee shall issue the 2005 Series Bonds, and
(c) Owner Trustee, Lessee and Indenture Trustee shall execute and deliver the Second Supplemental Indenture, substantially in the form of Exhibit B hereto. 
  
 Section 2.01. Issuance of 2005 Series Bonds. (a) Subject to the terms and conditions hereof, on the Refinancing Date Owner Trustee shall issue the
2005 Series Bonds, substantially in the form of Exhibit A to the Second Supplemental Indenture, in the principal amount of $320,000,000 against receipt of payment of the proceeds of the 2005 Series Bonds. 
  
 (b) Subject to the terms and conditions hereof, on or prior to the
Refinancing Date, Lessee shall pay to Indenture Trustee on behalf of Owner Trustee the accrued and unpaid interest (if any) from the most recent Interest Payment Date on which Lessee has made a payment of Basic Rent. 
  
 (c) Owner Trustee shall (i) make a distribution in the amount of $68,375,180
(the “Additional Borrowing”) to Owner Participant from the proceeds of the offering of the 2005 Series Bonds and (ii) deposit, or cause to be deposited, with Indenture Trustee in immediately available funds $238,354,000 from the
proceeds of the offering of the 2005 Series Bonds which amount referred to in this clause (ii), together with the amount received from Lessee pursuant to Subsection 2.01(b), Indenture Trustee shall apply to pay all the outstanding principal amount
of, accrued and unpaid interest (if any) and premium on the 1992 Series Bonds and, except as otherwise provided in Section 2.04 hereof, all other amounts then due and owing pursuant to the Existing Indenture. 
  
 Section 2.02. Delivery of Second Supplemental Indenture. Subject to
the terms and conditions hereof, on the Refinancing Date, Owner Trustee, Lessee and Indenture Trustee shall enter into the Second Supplemental Indenture, substantially in the form of Exhibit B to this Second Supplemental Participation
Agreement. 
  
 Section 2.03. Delivery of Lease Supplement.
Subject to the terms and conditions hereof, on the Refinancing Date, Owner Trustee and Lessee shall enter into the Lease Supplement, substantially in the form of Exhibit A to this Second Supplemental Participation Agreement. 

 
 Section 2.04. Other Amounts. Subject to the terms and conditions
hereof, on or after the Refinancing Date, Lessee shall pay to Owner Trustee as Supplemental Rent on an After-Tax Basis (after taking into account any deduction of unamortized Transaction Expenses relating to the 1992 Series Bonds) upon receipt of
statements therefor all Refinancing Expenses to the extent they exceed $12,093,311 and Owner Trustee shall pay upon receipt of statements therefor all Refinancing Expenses from such amounts received from Lessee and from $12,093,311 received from the
net proceeds of the offering of the 2005 Series Bonds. 
  

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 Section 2.05. Owner Trust And Financing Statements. The name of the trust created pursuant to
Section 2.2 of the Trust Agreement shall be “La Cygne Unit 2 Assets Trust” and such name may (but need not) be used in any correspondence and filings made by Owner Trustee in connection with the trust created thereby. Owner Participant and
Owner Trustee hereby agree that the foregoing provision of this Section 2.05 shall replace the sentence in, and shall be deemed an amendment to, Section 12.15 of the Trust Agreement as if it were set forth in a separate amendment thereto entered
into by such parties pursuant to Section 11 of the Trust Agreement. In connection with the refinancing contemplated by this Second Supplemental Participation Agreement, the financing statements and recordings set forth on Schedule 8B hereto
(other than those already filed for the record) shall be filed in the applicable jurisdictions on or as soon as reasonably practicable after the Refinancing Date. 
  
 ARTICLE 3 
 AMENDMENTS 
  
 Section 3.01. New
Schedule 1. The Existing Participation Agreement is amended, effective as of the Refinancing Date, by deleting Schedule 1 (and Annexes A and B thereto) in its entirety, and substituting in lieu thereof Schedule 1 (and
Annexes A through E thereto) attached to this Second Supplemental Participation Agreement. 
  
 Section 3.02. New Schedule 10. The Existing Participation Agreement is amended, effective as of the Refinancing Date, by deleting Schedule
10 in its entirety, and substituting in lieu thereof Schedule 10 attached to this Second Supplemental Participation Agreement. 
  
 Section 3.03. Amendment To Section 17. The first sentence of subsection 17(a) of the Existing Participation Agreement is amended, effective as of
the Refinancing Date (but without affecting any Bonds outstanding on the date hereof), by deleting such first sentence and substituting in lieu thereof the following new first sentence: 
  
 So long as no Lease Default or Lease Event of Default shall have occurred and be continuing, and subject to full compliance with the terms
and conditions of this Section 17 and of Section 2.15 of the Indenture, Lessee shall have the right to request Owner Trustee to, and upon any such request, Owner Trustee shall, take such steps as may be necessary to refund in whole or in part any
series of Bonds then Outstanding (the “Refunded Bonds”) including the issuance and sale of one or more additional series of Bonds (the “Refunding Bonds”) in an aggregate 
  

 6 

 principal amount which shall be equal to the unpaid principal amount of the Refunded Bonds (or if all or any one or more
series of the Outstanding Bonds are being redeemed or surrendered by Owner Trustee to Indenture Trustee for cancellation, equal to the original aggregate principal amount of such Bonds or series being so redeemed or so surrendered for cancellation),
or such greater amount as Lessee and Owner Participant shall agree in their sole discretion, plus commissions, fees and expenses paid or incurred in connection with such issuance, the proceeds of such issuance and sale to be applied to the extent
necessary to prepay the principal amount of such Outstanding Refunded Bonds; provided, however, that the Refunding Bonds shall have a maturity date not later than the maturity date of the Refunded Bonds, or such later date as Lessee
and Owner Participant shall agree in their sole discretion, but in any event not later than the expiration of the Basic Term; provided, further, that, unless Owner Participant shall have, in its sole discretion, consented thereto, in
no event shall Lessee exercise the right granted under this Section more than four times; and, provided, further, that Lessee shall pay to Owner Participant (i) a fee equal to 3/8% of the aggregate principal amount of the Refunding
Bonds issued in connection with the third exercise of such right and (ii) a fee equal to 1/2% of the aggregate principal amount of the Refunded Bonds refunded in connection with the fourth exercise of such right. 
  
 Section 3.04. Definitions. (a) Appendix A to the Existing
Participation Agreement is amended, effective as of the Refinancing Date, by deleting the following definitions and substituting in lieu thereof the following new definitions: 
  
 “Appraisal” shall mean, as applicable, (a) an appraisal, dated the Funding Date, of Burns and Roe, Inc.
which shall take into account the rights and obligations of Owner Trustee under the Support Agreements and the Operating Agreement and state (i) that on the Funding Date, the Fair Market Sale Value of the Interest shall equal the Purchase Price,
(ii) that the Useful Life is at least equal to 125% of the sum of the Interim Lease Term and the Basic Term, (iii) that the fair market value, as of the day 28 1/2 years after the Basic Lease Commencement Date, of the Interest shall be at least equal to 20% of the Purchase Price (computed without regard to inflation or deflation), (iv)
that assuming Owner Trustee, and purchasers from and assignees of Owner Trustee, will have those rights which the Support Agreements purport to grant and convey to Owner Trustee, it will be commercially feasible for Owner Trustee, and purchasers
from or assignees of Owner Trustee unrelated to Lessee, to use the Assets upon the expiration of the Lease Term, (v) that Unit 2 is a fully integrated and, when operated in conjunction with the Common Facilities and the Support Agreements,
self-contained unit, and each Component of Unit 2 is interrelated to the other Components in terms of useful life, function, structure and design, (vi) that the term of the Support Agreements corresponds to the Useful Life (within the constraints of
professional estimation), (vii) the fair market value, as of the 
  

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 day 28 1/2 years after the Basic Lease Commencement Date, of the Interest (taking into account the effects of inflation or deflation), and (viii) the Fair Market Rental Value of the Ground Interest during the Lease Term; or (b) an
appraisal, dated June 17, 2005, of Marshall & Stevens Incorporated which states (i) the fair market value of the Interest as of the date thereof, (ii) the fair market value of the Interest at the end of the Basic Term on a constant dollar
(uninflated) basis determined as of the date thereof, (iii) the fair market value of the Interest at the end of the Basic Term on a real dollar (inflated) basis determined as of the date thereof, (iv) the remaining Useful Life of Unit 2 as of the
date thereof, (v) that the remaining Useful Life of Unit 2 at the end of the Basic Term is at least 20% of the Useful Life of Unit 2 as of May 16, 1977, the date on which Unit 2 was first placed in service, (vi) that upon the expiration of the Lease
Term or earlier termination of the Lease, there is a reasonable likelihood that it would be commercially feasible for a party other than the Lessee to own and operate Unit 2, and (vii) that, based on the estimate of the fair market value of the
Interest at the end of the Basic Term, there is no economic compulsion for the Lessee to exercise the purchase option provided for in Section 6 of the Lease because as of the expiration date of the Basic Term, such purchase option price is expected
to equal the fair market value of the Interest. 
  
 “Basic Rent Payment Date” shall mean and include (a) each March 29 and September 29, commencing September 29, 1988, throughout (and including the last day of) the Basic Term, (b) each March 29, June 29, September 29 and
December 29, commencing December 29, 2029, throughout (and including the last day of) any Renewal Term, if elected, and (c) with respect to payments under the Ground Lease after the Lease Termination Date, each March 29, June 29, September 29 and
December 29 through the Ground Lease Termination Date. 
  
 “Basic Term” shall mean the period commencing on the Basic Lease Commencement Date and ending on September 29, 2029, or such shorter period as may result from earlier termination as provided in the Lease. 
  
 “KCC Order” shall mean, as applicable, (a) the order or
orders of the State Corporation Commission of the State of Kansas (i) approving or authorizing the transactions contemplated by the Operative Documents, and (ii) determining that neither Owner Trustee, nor Owner Participant, nor Indenture Trustee is
an electric public utility subject to the jurisdiction, control or regulation as such of such Commission; or (b) the order of such Commission (i) disclaiming jurisdiction over the refinancing of the Bonds and the restructuring of the transactions
contemplated by the Operative Documents unless and until Lessee assumes the Outstanding Bonds or purchases the Assets, and (ii) reiterating the determination made by such Commission previously that neither Owner Trustee, nor Owner Participant, nor
Indenture Trustee is an electric public utility subject to the jurisdiction, control or regulation as such of such Commission. 
  

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 “Supplemental Rent” shall mean any and all amounts, liabilities and obligations other
than Basic Rent which Lessee assumes or agrees to pay to or on behalf of Lessor, Owner Trustee, Owner Participant, any Bondholder, Indenture Trustee or any Indemnitee under (i) any Operative Document or (ii) any registration rights agreement or any
similar agreement entered into in connection with the issuance of any Bonds (in each case whether or not designated as Supplemental Rent), including, without limitation, Casualty Value and Fair Market Sale Value payments, or damages for breach of
any covenants, representations, warranties, indemnities or agreements therein. 
  
 (b) Appendix A to the Existing Participation Agreement is further amended, effective as of the Refinancing Date, by deleting the following definitions in their entirety: “Refinancing Documents”,
“Refinancing Expenses”, “Western Resources”, and “Western Resources Indenture”. 
  
 (c) Appendix A to the Existing Participation Agreement is further amended, effective as of the Refinancing Date, by adding thereto the following new
definitions in the appropriate alphabetical order: 
  
 “1992 Series Bonds” shall have the meaning ascribed thereto in the Second Supplemental Participation Agreement. 
  
 “2005 Series Bonds” shall have the meaning ascribed thereto in the Second Supplemental Participation Agreement. 
  
 “Allocated Rent” shall have the meaning ascribed thereto in
subsection 3.1(e) of the Lease. 
  
 “Amendment No. 4 to
Lease Agreement” shall mean Amendment No. 4 to Lease Agreement dated as of June 30, 2005 between Owner Trustee and Lessee. 
  
 “Expected End-of-Basic-Term Asset Value” shall mean $342,630,000 which is the estimated fair market value of the Assets as of the date of
expiration of the Basic Term as set forth in the Appraisal referred to in clause (b) of the definition thereof. 
  
 “Lease Period” shall mean the lease periods identified on Schedule 3 to the Lease. 
  
 “Lessee Loan Balance” shall have the meaning ascribed
thereto in subsection 3.1(f) of the Lease. 
  
 “Lessor
Loan Balance” shall have the meaning ascribed thereto in subsection 3.1(f) of the Lease. 
  

 9 

 “Second Supplemental Indenture” shall mean the Second Supplemental Indenture dated as of
June 30, 2005, to the Trust Indenture, Security Agreement and Mortgage dated as of September 1, 1987, as supplemented by the First Supplemental Indenture dated as of September 29, 1992, among Owner Trustee, Lessee and Indenture Trustee. 

 
 “Second Supplemental Participation Agreement” shall mean
the Second Supplemental Participation Agreement dated as of June 30, 2005, to the Participation Agreement dated as of September 1, 1987, as supplemented by the Supplemental Participation Agreement dated as of September 18, 1992, among Owner Trustee,
Indenture Trustee, Owner Participant and Lessee. 
  
 “Section 467 Loan Balance” shall mean the Lessor Loan Balance and the Lessee Loan Balance. 
  
 “Westar Energy” shall mean Westar Energy, Inc. (formerly named Western Resources, Inc.), a Kansas corporation, and its successors and
assigns. 
  
 “Westar Energy Indenture” shall mean
that certain Mortgage and Deed of Trust, dated July 1, 1939, between Westar Energy and Harris Trust and Savings Bank, and any other indenture executed by Westar Energy after September 29, 1992 pursuant to which Westar Energy may from time to time
issue mortgage bonds, as any of them have been heretofore or may be hereafter amended, modified or supplemented from time to time. 
  
 ARTICLE 4 
 REPRESENTATIONS
AND WARRANTIES OF OWNER PARTICIPANT 
  
 Owner Participant represents and warrants that: 
  
 Section 4.01. Due Organization. Owner Participant is a corporation duly organized and validly existing in good standing under the laws of the State
of Colorado and has the corporate power and authority to enter into and perform its obligations under this Second Supplemental Participation Agreement and each other Refinancing Document and each Operative Document to which it is or will be a party.

  
 Section 4.02. Due Authorization; Enforceability; etc.
This Second Supplemental Participation Agreement and each other Refinancing Document and each Operative Document to which it is or will be a party have been or, when executed and delivered, will be, duly authorized, executed and delivered by
Owner Participant and, assuming the due authorization, execution and delivery hereof and thereof by the other parties hereto and thereto and the correctness on the date hereof of Lessee’s representations in subsections 9.1.5 and 9.1.13 of the

  

 10 

 Existing Participation Agreement (without, for purposes of this representation, taking into account the exceptions stated
in clauses (i) and (iv) of said subsection 9.1.5 as such exceptions relate to Governmental Actions required by or with respect to Owner Participant or any Affiliate thereof) and in Section 7.05 hereof (without, for purposes of this representation,
taking into account the exceptions stated in clauses (i) and (iv) of said Section 7.05 as such exceptions relate to Governmental Actions required by or with respect to Owner Participant or any Affiliate thereof) and in Section 7.07 hereof (for
purposes of this representation without assuming the correctness of any representation, action or fact by or relating to Owner Participant or any Affiliate thereof referred to therein), are or, upon execution and delivery thereof, will be legal,
valid and binding obligations of Owner Participant, enforceable against Owner Participant in accordance with their respective terms; provided, however, that the enforceability thereof may be limited by bankruptcy, reorganization,
insolvency or other laws of general application relating to or affecting the enforcement of creditor’s rights and may be limited by laws or decisions with respect to or affecting the enforceability of specific performance or other remedies
provided therein. Any direction given by Owner Participant to Owner Trustee pursuant to the Trust Agreement will have been duly authorized. 
  
 Section 4.03. No Violation. The execution and delivery by Owner Participant of this Second Supplemental Participation Agreement and each other
Refinancing Document and each Operative Document to which it is or will be a party are not and will not be, and the performance by Owner Participant of its obligations under each is not and will not be, inconsistent with its charter documents or
by-laws, do not and will not contravene any Governmental Rule applicable to it (assuming the correctness on the date hereof of Lessee’s representations in subsections 9.1.5 and 9.1.13 of the Existing Participation Agreement (without, for
purposes of this representation, taking into account the exceptions stated in clauses (i) and (iv) of said subsection 9.1.5 as such exceptions relate to Governmental Actions required by or with respect to Owner Participant or any Affiliate thereof)
and in Section 7.05 hereof (without, for purposes of this representation, taking into account the exceptions stated in clauses (i) or (iv) of said Section 7.05 as such exceptions relate to Governmental Actions required by or with respect to Owner
Participant or any Affiliate thereof) and in Section 7.07 hereof (for purposes of this representation without assuming the correctness of any representation, action or fact by or relating to Owner Participant or any Affiliate thereof referred to
therein)), and do not and will not contravene any provision of, or constitute a default under, any indenture, mortgage, contract or other instrument to which Owner Participant is a party or by which it or its property is bound, or require any
Governmental Action (assuming the correctness of the date hereof of Lessee’s representations in subsections 9.1.5 and 9.1.13 of the Existing Participation Agreement (without, for purposes of this representation, taking into account the
exceptions stated in clauses (i) and (vi) of said subsection 
  

 11 

 9.1.5 as such exceptions relate to Governmental Actions required by or with respect to Owner Participant or any Affiliate
thereof) and in Section 7.05 hereof (without, for purposes of this representation, taking into account the exceptions stated in clauses (i) or (iv) of said Section 7.05 as such exceptions relate to Governmental Actions required by or with respect to
Owner Participant or any Affiliate thereof) and in Section 7.07 hereof (for purposes of this representation without assuming the correctness of any representation, action or fact by or relating to Owner Participant or any Affiliate thereof referred
to therein)) which in each case is material to the transactions contemplated hereby, provided that the foregoing representation by Owner Participant shall constitute no representation or warranty with respect to any Federal or state
securities laws. 
  
 Section 4.04. Owner Participant’s
Liens; Performance Does Not Create Liens. Neither the execution and delivery by Owner Participant of this Second Supplemental Participation Agreement or any other Operative Document or Refinancing Document to which it is or will be a party, nor
the performance by it of its obligations hereunder or thereunder will subject the Trust Estate or the Indenture Estate, or any portion thereof, to any Lien under any indenture, mortgage, contract or other instrument to which Owner Participant is a
party or by which it is bound, other than the Indenture, and Owner Participant has not taken or knowingly omitted to take any action which would result in the creation of any Lien on any part of the Trust Estate or the Indenture Estate. 

 
 Section 4.05. Utility Status. Assuming the correctness of
Lessee’s representations in paragraphs 9.1.5 and 9.1.13 of the Existing Participation Agreement (for purposes of this representation without taking into account the exceptions stated in clauses (i) and (iv) of said subsection 9.1.5 as such
exceptions relate to Governmental Actions required by or with respect to Owner Participant or any Affiliate thereof) and in Section 7.07 hereof (for purposes of this representation without assuming the correctness of any representation, action or
fact by or relating to Owner Participant or any Affiliate thereof referred to therein) and in Section 7.05 hereof (without, for purposes of this representation, taking into account the exceptions stated in clauses (i) or (iv) of said Section 7.05 as
such exceptions relate to Governmental Actions required by or with respect to Owner Participant or any Affiliate thereof), none of Owner Participant or its Affiliates is: 
  
 (i) a “holding company” or a “subsidiary company” of a “holding company” or an
“affiliate” of a “subsidiary company” or “holding company” or “public utility” within the meaning of the Holding Company Act or subject to regulation under the Holding Company Act or subject to the
jurisdiction, control or regulation of the Commission thereunder (other than the timely filing of Form U-7D, which has been done, and the timely filing of any subsequent amendment thereto); 
  

 12 

 (ii) a “public utility” within the meaning of the Federal Power Act or subject
to regulation under the Federal Power Act or subject to the jurisdiction, control or regulation of the Federal Energy Regulatory Commission thereunder; 
  
 (iii) an “electric public utility” within the meaning of the laws of the State of Kansas; subject to regulation as such (as to
rates or the issuance of securities) under any comparable law of the State of Kansas; or subject to the jurisdiction, control or regulation of the KCC as an “electric public utility”; or 
  
 (iv) subject to the jurisdiction, control or regulation by
any other Governmental Authority under any other Governmental Rules relating to electric public utilities or the production, sale or transmission of electric energy. 
  
 ARTICLE 5 
 REPRESENTATIONS AND WARRANTIES OF OWNER TRUSTEE 
  
 U.S. Bank National Association (“USB”), as Owner Trustee and in its individual capacity to the extent set forth herein, represents and
warrants that: 
  
 Section 5.01. Due Organization. USB is
a national banking association validly existing in good standing under the banking laws of the United States of America and has the corporate power and authority to enter into and perform its obligations (a) in its individual capacity under the
Trust Agreement and, to the extent it is a party hereto or thereto in its individual capacity, this Second Supplemental Participation Agreement and the Existing Participation Agreement and (b) acting as Owner Trustee under the Trust Agreement, under
this Second Supplemental Participation Agreement and each other Operative Document and Refinancing Document to which it is or will be a party as Owner Trustee. USB is not primarily engaged in the public utility business. 
  
 Section 5.02. Due Authorization; Enforceability; etc. This Second
Supplemental Participation Agreement and each other Operative Document and Refinancing Document to which USB is or will be a party have been or will be (to the extent it is to be a party thereto in its individual capacity), or (to the extent it is
to be a party thereto as Owner Trustee) upon due direction by Owner Participant or its successors or assigns pursuant to the Trust Agreement will be, duly authorized, executed and delivered by or on behalf of USB (in its individual capacity or in
its capacity as Owner Trustee, as the case may be) and, assuming due authorization, execution and delivery by the other parties hereto and thereto, are or upon execution and delivery will be legal, valid and binding obligations of USB (in its
individual capacity or in its capacity as Owner Trustee, as the case 
  

 13 

 may be) enforceable against it in accordance with their respective terms. Upon execution of the 2005 Series Bonds by USB,
as Owner Trustee, authentication thereof by Indenture Trustee and delivery thereof against payment or the giving of consideration therefor in accordance with the Indenture and this Second Supplemental Participation Agreement, the 2005 Series Bonds
will be legal, valid and binding obligations of USB, as Owner Trustee, enforceable against it in accordance with their respective terms; provided, however, that the enforceability thereof may be limited by bankruptcy, reorganization,
insolvency or other laws of general application relating to or affecting the enforcement of creditor’s rights and may be limited by laws or decisions with respect to or affecting the enforceability of specific performance or other remedies
provided therein. 
  
 Section 5.03. No Violation. The
execution and delivery by (a) USB, in its individual capacity, of the Trust Agreement and, to the extent it is a party hereto or thereto in its individual capacity, this Second Supplemental Participation Agreement and the Existing Participation
Agreement and (b) USB, in its capacity as Owner Trustee, of each Operative Document and each Refinancing Document to which Owner Trustee is or will be party, are not or will not be, and the performance by USB in its individual capacity or as Owner
Trustee, as the case may be, of its obligations under each is not and will not be, inconsistent with the charter documents or by-laws of USB, do not and will not contravene any Connecticut or United States Governmental Rule (assuming the correctness
of Lessee’s representations in subsections 9.1.5 and 9.1.13 of the Existing Participation Agreement (without, for purposes of this representation, taking into account the exceptions stated in clauses (i) and (iv) of said subsection 9.1.5 as
such exceptions relate to Governmental Actions required by or with respect to USB or any Affiliate thereof) and in Section 7.05 hereof (without, for purposes of this representation, taking into account the exceptions stated in clauses (i) or (iv) of
said Section 7.05 as such exceptions relate to Governmental Actions required by or with respect to USB or any Affiliate thereof) and in Section 7.07 hereof (for purposes of this representation without assuming the correctness of any representation,
action or fact by or relating to USB or any Affiliate thereof referred to therein)) applicable to USB or the banking or trust powers of USB and do not and will not contravene any provision of, or constitute a default under, any indenture, mortgage,
contract or other instrument to which USB is a party or by which it or its property is bound or require any Connecticut or Federal Governmental Action relating to its banking or trust powers (assuming the correctness of Lessee’s representations
in subsections 9.1.5 and 9.1.13 of the Existing Participation Agreement (without, for purposes of this representation, taking into account the exceptions stated in clauses (i) and (iv) of said subsection 9.1.5 as such exceptions relate to
Governmental Actions required by or with respect to USB or any Affiliate thereof) and in Section 7.05 hereof (without, for purposes of this representation, taking into account the exceptions stated in clauses (i) or (iv) of said Section 7.05 as such
exceptions relate to Governmental 
  

 14 

 Actions required by or with respect to USB or any Affiliate thereof) and in Section 7.07 hereof (for purposes of this
representation without assuming the correctness of any representation, action or fact by or relating to USB or any Affiliate thereof referred to therein)). 
  
 Section 5.04. Defaults. To the best knowledge of USB, in its capacity as Owner Trustee, no Indenture Default or Indenture Event of Default has
occurred and is continuing. USB in its capacity as Owner Trustee is not in violation in any respect of any term of this Second Supplemental Participation Agreement or any other Operative Document or Refinancing Document to which it is a party.

  
 Section 5.05. Location. The “Location” of USB
for Uniform Commercial Code purposes is the State of Ohio. 
  
 Section 5.06. Litigation. There is no action, suit, investigation or proceeding pending or, to the knowledge of USB, threatened against USB (in its individual capacity or as Owner Trustee) before any court, arbitrator or
administrative or governmental body governing its banking or trust powers which, individually or in the aggregate, if decided adversely to the interests of USB (in either such capacity), would have a materially adverse effect upon the ability of USB
(in either such capacity) to perform its obligations under this Second Supplemental Participation Agreement or any other Operative Document or Refinancing Document to which it is or will be a party (in either such capacity). 
  
 Section 5.07. Lessor’s Liens; Performance Does Not Create Liens.
Neither the execution and delivery by USB in its capacity as Owner Trustee of this Second Supplemental Participation Agreement or any other Operative Document or Refinancing Document to which it is or will be a party nor the performance by it of
its obligations hereunder or thereunder will subject the Trust Estate or the Indenture Estate, or any portion thereof, to any Lien under any indenture, mortgage, contract or other instrument to which USB, in its capacity as Owner Trustee, is a party
or by which it is bound, other than the Indenture. 
  
 Section
5.08. Securities Act. Other than the offering and sale of the Initial Series Bonds, the 1992 Series Bonds and the 2005 Series Bonds, neither USB (in its individual capacity or as Owner Trustee) nor anyone authorized by USB (in its capacity as
Owner Trustee) has directly or indirectly offered or sold any interest in the Trust Estate or the Indenture Estate or in any similar security relating to the Interest, or in any security the offering of which for the purposes of the Securities Act
would be deemed to be part of the same offering as the offering of the aforementioned securities to, or solicited any offer to acquire any of the same from, any Person, and neither USB (in its individual capacity or as Owner Trustee) nor anyone
authorized to act on its behalf will take any action which would subject the issuance or sale of any interest in the Trust Estate or the Indenture Estate (other than the Initial Series Bonds, the 1992 Series Bonds and the 2005 Series Bonds) to the
provisions of Section 5 of the Securities Act. 
  

 15 

 ARTICLE 6 
 REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF INDENTURE TRUSTEE 
  
 Indenture Trustee represents and warrants in its individual capacity that:

  
 Section 6.01. Due Organization. Indenture Trustee is a
banking corporation duly organized and validly existing in good standing under the laws of the State of New York and has the corporate power and authority and legal right to enter into and perform its obligations under this Second Supplemental
Participation Agreement and each other Refinancing Document or Operative Document to which it is or will be a party. 
  
 Section 6.02. Due Authorization; Enforceability. This Second Supplemental Participation Agreement, each other Refinancing Document and each
Operative Document to which Indenture Trustee is or will be a party have been, or when executed and delivered will be, duly authorized, executed and delivered by Indenture Trustee, in its individual capacity and as Indenture Trustee, and, assuming
the due authorization, execution and delivery hereof and thereof by the other parties hereto and thereto and the correctness of Lessee’s representations in subsections 9.1.5 and 9.1.13 of the Existing Participation Agreement, are or, upon
execution and delivery thereof, will be legal, valid and binding obligations of Indenture Trustee, enforceable against it in accordance with their respective terms; provided, however, that the enforceability thereof may be limited by
bankruptcy, reorganization, insolvency or other laws of general application relating to or affecting the enforcement of creditor’s rights and may be limited by laws or decisions with respect to or affecting the enforceability of specific
performance or other remedies provided therein. The 2005 Series Bonds issued on the Refinancing Date will have been duly authenticated. 
  
 Section 6.03. No Violation. The execution and delivery by Indenture Trustee of this Second Supplemental Participation Agreement and each other
Refinancing Document or each other Operative Document to which it is or will be a party are not, or will not be, and the performance by it of the obligations under each will not be, inconsistent with the charter or by-laws of Indenture Trustee, do
not and will not contravene any Governmental Rule applicable to it (assuming the correctness of Lessee’s representations in subsections 9.1.5 and 9.1.13 of the Existing Participation Agreement (without, for purposes of this representation,
taking into account the exceptions stated in clause (i) of said subsection 9.1.5 as such exceptions relate to Governmental Actions required by or with respect to Indenture Trustee or any Affiliate thereof) and in Section 7.05 hereof (without, for
purposes of this representation, taking into account the exceptions stated in clause 
  

 16 

 (i) of said Section 7.05 as such exceptions relate to Governmental Actions required by or with respect to Indenture
Trustee or any Affiliate thereof) and in Section 7.07 hereof (for purposes of this representation without assuming the correctness of any representation, action or fact by or relating to Indenture Trustee or any Affiliate thereof referred to
therein)), or require any Governmental Action. 
  
 ARTICLE 7

 REPRESENTATIONS, WARRANTIES AND AGREEMENTS OF
LESSEE 
  
 Lessee represents and warrants that:

  
 Section 7.01. Due Incorporation, etc. Lessee is a
corporation duly organized and validly existing in good standing under the laws of the State of Kansas and has the corporate power and authority to perform its obligations under this Second Supplemental Participation Agreement and each other
Operative Document or Refinancing Document to which it is or will be a party. Lessee has not failed to qualify to do business in any jurisdiction where failure so to qualify would materially and adversely affect the financial condition of Lessee or
affect its ability to perform any of its obligations under this Second Supplemental Participation Agreement or any other Operative Document or Refinancing Document to which it is or will be a party. 
  
 Section 7.02. Authorization. The execution, delivery and performance
by Lessee of this Second Supplemental Participation Agreement and each other Operative Document or Refinancing Document to which it is or will be a party on or before the Refinancing Date have been duly authorized by all necessary corporate action
on the part of Lessee and do not, and will not, require the consent or approval of any shareholder of Lessee or any trustee or holder of any indebtedness or other obligation of Lessee or any other Person which is a party to any other agreement with
Lessee, except for (i) such approvals and consents which were obtained on or before the Funding Date (which approvals and consents are still in force and effect and have not been revoked) and (ii) the consent and approval of certain other parties to
this Second Supplemental Participation Agreement to the extent required by Section 17 of the Existing Participation Agreement which consent shall be deemed given by each such party’s execution of this Second Supplemental Participation
Agreement. 
  
 Section 7.03. Execution. This Second
Supplemental Participation Agreement and each other Operative Document or Refinancing Document to which Lessee is or will be a party have been or when executed and delivered will be, duly executed and delivered by Lessee and, assuming the due
authorization, execution and delivery hereof and thereof by the other parties hereto and thereto are, or upon execution and delivery thereof will be, legal, valid and binding obligations of Lessee, enforceable against Lessee in accordance with their

  

 17 

 respective terms; provided, however, that the enforceability thereof may be limited by bankruptcy,
reorganization, insolvency or other laws of general application relating to or affecting the enforcement of creditor’s rights and may be limited by laws or decisions with respect to or affecting the enforceability of specific performance or
other remedies provided therein. 
  
 Section 7.04. No
Violations. Provided that the Governmental Actions described in Section 7.05 hereof (other than those referred to in clause (i) thereof) and in subsection 9.1.5 of the Existing Participation Agreement are obtained as required thereby, the
execution and delivery by Lessee of this Second Supplemental Participation Agreement and each other Operative Document or Refinancing Document to which it is or will be a party are not and will not be, and the performance by Lessee of its
obligations under each thereof will not be, inconsistent with its charter documents or by-laws, do not and will not contravene any Governmental Rule or Governmental Action applicable to it which, in each case, is material to the transactions
contemplated hereby, and do not and will not contravene any provision of, or constitute a default under, any indenture, mortgage, contract or other instrument to which Lessee is a party or by which it or its property is bound, and has not resulted
and will not result in the creation or imposition of any Lien (other than Permitted Interest Liens or Permitted Project Liens and other than the Lien of the Westar Energy Indenture and any other Lien affecting Westar Energy’s assets but only
from and after the merger or consolidation of Lessee with or into Westar Energy or any Affiliate thereof or the transfer of assets from Lessee to Westar Energy or any Affiliate thereof) upon any property of Lessee; except as disclosed in any annual,
quarterly or current reports filed by Lessee with the Commission prior to or on the date of the execution and delivery hereof, there is no such, and on the Refinancing Date will not be any such, provision which materially adversely affects or (so
far as Lessee now can reasonably foresee) in the future is likely materially adversely to affect the properties, business or financial condition of Lessee; there is no such, and on the Refinancing Date will not be any such, provision which
materially adversely affects or (so far as Lessee now can reasonably foresee) in the future is likely materially adversely to affect Lessee’s ability to perform its obligations under this Second Supplemental Participation Agreement or any other
Operative Document or Refinancing Document to which it is or will be a party; and Lessee is not, and on the Refinancing Date will not be, in default under or with respect to the provisions of its charter documents, by-laws, any Governmental Rule
(subject to the proviso at the beginning of this sentence) (it being understood that no representation or warranty is made concerning compliance with state securities and blue sky laws or Governmental Action) (except as disclosed by Lessee in any
annual, quarterly or current reports filed by Lessee with the Commission prior to or on the date of execution and delivery hereof) or any indenture, mortgage, lease or any other agreement or instrument to which Lessee is a party or by which it or
any of its properties is bound (except as disclosed on Schedule 3 hereto) in each 
  

 18 

 case which could be materially adverse to the properties, business or financial condition of Lessee or (so far as Lessee
now can reasonably foresee) in the future is likely materially and adversely to affect the ability of Lessee to perform its obligations under this Second Supplemental Participation Agreement or any other Operative Document or Refinancing Document to
which it is or will be a party. 
  
 Section 7.05. Governmental
Actions. Based on Governmental Rules in effect on the date hereof (and assuming that the representations set forth in subsections 5.1.3, 5.1.8, 6.1.3 and 8.1.3 of the Existing Participation Agreement are correct immediately prior to the
Refinancing Date but without taking into account any assumption therein as to any representation by Lessee), no Governmental Actions are or (so far as Lessee can reasonably foresee) will be required (a) in connection with the participation by
Lessee, Owner Trustee, Indenture Trustee, or Owner Participant in the consummation of the transactions contemplated by this Second Supplemental Participation Agreement or any of the other Refinancing Documents or (b) in connection with the execution
and delivery by any of such Persons of any of the Refinancing Documents except, in each case under clauses (a) and (b) above, (i) such as may be required under applicable Governmental Rules providing for the supervision or regulation of the
businesses of Owner Trustee (in its individual capacity or as Owner Trustee), Indenture Trustee, or Owner Participant (not including Governmental Rules specifically relating to ownership or financing of electric utility assets applicable solely
because of such Person’s execution of any of the Operative Documents or Refinancing Documents or participation in the transactions contemplated thereby), (ii) appropriate filings and recordings to perfect and assign an interest in the Lien of
the Indenture and the filing of continuation statements with respect thereto at appropriate intervals, (iii) such as may be required under any Governmental Rule enacted or adopted after the date of this representation, (iv) the timely filing by
Owner Participant and/or Owner Trustee of an amendment to Form U-7D under Rule 7(d) of the Commission, and (v) such as may be required in connection with any refinancing or refunding of the 2005 Series Bonds and the issuance of additional Bonds
after the Refinancing Date. The representation contained in this paragraph is given, to the extent applicable, in reliance on the representations and warranties contained in subsections 5.1.3 (with respect to Governmental Actions and Governmental
Rules), 5.1.5, 5.1.6, 5.1.7, 5.1.8, 6.1.3 (with respect to Governmental Actions and Governmental Rules), 6.1.7 and 8.1.3 (with respect to Governmental Actions and Governmental Rules) of the Existing Participation Agreement and (with respect to
Governmental Actions and Governmental Rules) Sections 4.03, 5.03, 5.08 and 6.03 hereof (but without taking into account any assumption therein as to any representation by Lessee). 
  
 Section 7.06. Litigation. Except as described on Schedule 2 hereto, there is no action, suit, investigation or
proceeding pending or, to the knowledge of Lessee, threatened against Lessee or its properties before any court, arbitrator or administrative or governmental body which, individually or in the aggregate (so 
  

 19 

 far as Lessee now can reasonably foresee), is likely to have a material adverse effect on the properties, business or
financial condition of Lessee or (so far as Lessee now can reasonably foresee) is likely materially and adversely to affect the ability of Lessee to perform its obligations under this Second Supplemental Participation Agreement or any other
Operative Document or Refinancing Document to which it is or will be a party or would affect the legality, validity or enforceability of any of the Refinancing Documents. 
  
 Section 7.07. Regulation. By virtue of the execution, delivery and performance of this Second Supplemental
Participation Agreement and the other Operative Documents or the Refinancing Documents by the parties hereto or thereto, based upon the provisions of the Holding Company Act and the Federal Power Act and the rules and regulations under each such Act
and the laws of the State of Kansas and Governmental Authorities thereof, as the foregoing are or were in effect on the Funding Date and the Refinancing Date and without regard to any other transactions to which Owner Trustee, Indenture Trustee or
Owner Participant, or any Affiliate of any thereof, was, is or will be a party and without regard to any other ownership interests or business activities (other than their respective interests in the Facility) of any thereof (and assuming that the
representations set forth in subsection 5.1.8 of the Existing Participation Agreement are or were correct immediately prior to the closing on the Refinancing Date and on the Funding Date and that the representations in Section 4.05 hereof are
correct immediately prior to the Refinancing Date (but without taking into account any assumption therein as to any representation by Lessee) and, with respect to Owner Trustee and Owner Participant under clause (i) below, assuming that each of
Owner Participant and Owner Trustee has timely filed Form U-7D within 30 days of the Funding Date and will file within 30 days of the Refinancing Date an amendment thereto and meets and will meet the requirements specified in 17 C.F.R. §
250.7(d)(l)(ii) under the Holding Company Act, and with respect to Owner Trustee and Owner Participant, respectively, under clause (iii) below, assuming that Owner Trustee is primarily engaged in the trust and banking business and that Owner
Participant is primarily engaged in the business of finance, which may include the ownership of assets as a passive investor), none of Owner Trustee, Indenture Trustee or Owner Participant will be or become, prior to the Lessor Possession Date, by
virtue of the execution, delivery or performance of the Operative Documents or the Refinancing Documents: 
  
 (i) a “holding company” or a “subsidiary company” of a “holding company” or an “affiliate” of a
“subsidiary company” or “holding company” or “public utility” within the meaning of the Holding Company Act or subject to the jurisdiction, control or regulation of the Commission thereunder (other than, in the case of
Owner Participant and Owner Trustee, the timely filing of Form U-7D or any subsequent amendment); 
  

 20 

 (ii) a “public utility” within the meaning of the Federal Power Act or subject
to regulation under the Federal Power Act or subject to the jurisdiction, control or regulation of the Federal Energy Regulatory Commission thereunder; 
  
 (iii) an “electric public utility” within the meaning of the laws of the State of Kansas; subject to regulation as such (as to
rates or the issuance of securities) under any comparable law of the State of Kansas; or subject to the jurisdiction, control or regulation of the KCC as an “electric public utility”; or 
  
 (iv) subject to the jurisdiction, control or regulation by
any other Governmental Authority under any other Governmental Rules relating to electric public utilities or the production, sale or transmission of electric energy. 
  
 Lessee is not a “holding company” or a “subsidiary company” of a “holding company” or an
“affiliate” of a “holding company” within the meaning of the Holding Company Act which is required to register as such under the Holding Company Act. 
  
 Lessee is not an “investment company” or a company “controlled” by an “investment company”
within the meaning of the Investment Company Act of 1940, as amended. 
  
 Section 7.08. No Default. As of the date hereof, no Lease Default or Lease Event of Default has occurred and is continuing. 
  
 Section 7.09. No Event of Loss. As of the date hereof, no Event of Loss or event which with the passage of time would constitute an Event of Loss
has occurred. 
  
 Section 7.10. Filings and Recordings. The
recordings listed on Schedule 8B hereto, together with the filings and recordings shown on Schedule 8 to the Existing Participation Agreement, are all the filings and recordings necessary or advisable to perfect Owner Trustee’s
right, title and interest in and to the Leased Assets, and to perfect for the benefit of Indenture Trustee and the holders of the Bonds, the first mortgage lien and first priority security interest provided for in the Indenture, and all such filings
and recordings will have been duly made, subject to requirements for filing continuation statements at appropriate intervals. 
  

 21 

 ARTICLE 8 
 CONDITIONS PRECEDENT TO PARTICIPATION AND COMMITMENT ON THE REFINANCING
DATE 
  
 The obligation of Owner Participant, Owner
Trustee, Indenture Trustee, and Lessee to consummate the transactions contemplated hereby on the Refinancing Date shall, in each case, be subject to the fulfillment on or prior to the Refinancing Date of the following conditions precedent (each
instrument, document, certificate or opinion referred to below to be in form and substance satisfactory to the recipient) except that the obligations of any Person shall not be subject to such Person’s own performance or compliance: 

 
 Section 8.01. Refinancing Documents. In the case of Owner
Participant, Lessee, Indenture Trustee, and Owner Trustee, such Persons shall have received executed counterparts of this Second Supplemental Participation Agreement, the Second Supplemental Indenture, the Lease Supplement and such other documents
as are contemplated hereby. All of the foregoing documents shall have been duly authorized, executed and delivered by the parties hereto or thereto and shall be in full force and effect on the Refinancing Date, and in the case of Owner Participant,
Lessee, Indenture Trustee, and Owner Trustee, each such Person shall have received such evidence as to such authorization, execution and delivery by the other parties hereto or thereto as such party shall reasonably request. 
  
 Section 8.02. 2005 Series Bonds. On the Refinancing Date Owner Trustee
shall have executed and delivered the 2005 Series Bonds, duly authenticated, in a principal amount of $320,000,000, and the 2005 Purchasers shall have purchased the same. 
  
 Section 8.03. Filings and Recordings. In the case of Owner Participant, Indenture Trustee, Owner Trustee and Lessee,
financing statements under the Uniform Commercial Code shall have been duly filed against Owner Trustee in respect of the mortgage lien and security interests created by the Indenture in all places reasonably specified by special counsel for the
2005 Purchasers as being necessary or advisable to perfect and protect such security interests, and all filing fees in respect thereof shall have been paid. The Lease Supplement and the Second Supplemental Indenture shall have been duly recorded
with the applicable recorder’s offices of the county in which the Assets are located and all recording and filing fees in respect thereof shall have been paid. In the case of Owner Participant, Indenture Trustee, Lessee, and Owner Trustee, all
other filings, recordings or other actions reasonably specified by special counsel for Owner Participant, Indenture Trustee or the 2005 Purchasers as being necessary or advisable to perfect or protect the interests granted to Owner Trustee or
Indenture Trustee pursuant to any of the Refinancing Documents shall have been duly effected and all filing and recording fees in respect thereof shall have been paid. 
  

 22 

 Section 8.04. Representations and Warranties. With respect to Owner Participant, Owner Trustee,
Lessee, and Indenture Trustee, all of the representations and warranties set forth above shall be true and correct on and as of the Refinancing Date with the same effect as though made on and as of the Refinancing Date, and each of Owner
Participant, Owner Trustee, Lessee, and Indenture Trustee shall have performed all of its covenants and agreements in any Refinancing Document and the 2005 Purchase Agreement to be performed by it or complied with by it on or before the Refinancing
Date. 
  
 Section 8.05. Opinions. In the case of Owner
Participant, Lessee, Owner Trustee and Indenture Trustee, such Persons (other than the Person represented by the following counsel) shall have received favorable opinions of Drinker Biddle & Reath LLP, Owner Participant’s special counsel,
Larry D. Irick, Esq., Lessee’s general counsel, Davis Polk & Wardwell, Lessee’s special New York counsel, Stinson Morrison Hecker LLP, Lessee’s special Kansas counsel, Shipman & Goodwin LLP, Owner Trustee’s counsel and
Seward & Kissel LLP, Indenture Trustee’s counsel, each dated the Refinancing Date, addressed to such Persons, to the effect of their respective opinions attached as Exhibit C hereto. 
  
 Section 8.06. No Default Certificates. In the case of Owner
Participant, Owner Trustee, and Indenture Trustee, such Persons shall have received an Officer’s Certificate, dated the Refinancing Date, from Lessee stating that no Lease Event of Default or Lease Default or Event of Loss or event which with
the passage of time would constitute an Event of Loss has occurred and is continuing and an Owner Trustee’s Certificate, dated the Refinancing Date, stating that to its knowledge no Indenture Default or Indenture Event of Default has occurred
and is continuing; and no such Lease Event of Default, Lease Default, Indenture Default or Indenture Event of Default shall have occurred and be continuing. 
  
 Section 8.07. 1992 Series Bonds. An amount of money sufficient to pay the Redemption Price of all the Outstanding 1992 Series Bonds shall have been
deposited with Indenture Trustee or the Paying Agent. 
  
 Section
8.08. Actions, Proceedings or Investigations. No action, proceeding or investigation shall have been instituted nor shall any action before any court or governmental authority or agency be threatened, nor shall any order, judgment or decree
have been issued or proposed to be issued by any court or governmental authority or agency on or before the Refinancing Date to set aside, restrain, enjoin or prevent the consummation of the transactions contemplated by the 2005 Purchase Agreement,
the Registration Rights Agreement, the Lease, the Indenture or this Second Supplemental Participation Agreement. 
  
 Section 8.09. Consents And Approvals. All approvals required to be taken, given or obtained, as the case may be, by or from any Federal, state or
other governmental authority or agency, or by or from any trustee or holder of any 
  

 23 

 indebtedness or obligations of Lessee (including, without limitation, all such approvals required by Section 17 of the
Existing Participation Agreement, as amended hereby), Owner Participant, Indenture Trustee, or Owner Trustee that are necessary or, in the opinion of Lessee, such Owner Participant, or Owner Trustee or their respective counsels, advisable in
connection with the consummation of the transactions contemplated hereby, shall have been duly taken, given or obtained, as the case may be, shall be in full force and effect on the Refinancing Date, and shall be adequate to authorize the
consummation of the transactions contemplated hereby and the performance by Lessee, Owner Participant, Indenture Trustee, and Owner Trustee of their respective obligations hereunder and under any Refinancing Document to which it is a party.

  
 Section 8.10. Resolutions, Corporate Proceedings, etc.
In the case of Owner Participant, Owner Trustee, and Indenture Trustee, each such Person shall have received the following, in each case in form and substance satisfactory to it: 
  
 (a) a copy of resolutions of the Board of Directors of Lessee, certified as of the Refinancing Date by the Secretary or an
Assistant Secretary thereof, duly authorizing the execution, delivery and performance by Lessee of this Second Supplemental Participation Agreement, the Lease Supplement, the 2005 Purchase Agreement, the Registration Rights Agreement, and Second
Supplemental Indenture, together with an incumbency certificate as to the person or persons authorized to execute and deliver such documents on its behalf; and 
  

(b) such other documents and evidence with respect to Lessee, Owner Participant, Owner Trustee or Indenture Trustee as counsel to the other parties
hereto may reasonably request in order to consummate the transactions contemplated hereby, the taking of all corporate proceedings in connection therewith and compliance with the conditions herein or therein set forth. 
  
 Section 8.11. Event of Loss. No Event of Loss shall have occurred.

  
 Section 8.12. Taxes, Fees and Charges. All taxes, fees
and other charges payable in connection with the execution, delivery, recordation and filing of all the documents and instruments referred to in this Second Supplemental Participation Agreement and in connection with the issuance and sale of the
2005 Series Bonds to be issued by Owner Trustee on the Refinancing Date shall have been paid in full. 
  
 Section 8.13. Payment for Bonds and Refinancing Expenses. Owner Trustee shall have applied the proceeds from the offering of the 2005 Series Bonds
in accordance with Section 2.01(c) hereof and each of Owner Trustee and Lessee shall have made the respective payments required to be made by each of them pursuant to Section 2.04 hereof. 
  

 24 

 Section 8.14. Consents, Authorizations and Instructions of Owner Participant. Owner Participant
shall have consented to and authorized and instructed Owner Trustee (i) to execute and deliver the Second Supplemental Indenture and Lease Supplement, substantially in the forms of Exhibits B and A attached hereto, (ii) to execute and
deliver the 2005 Series Bonds in the form attached to the Second Supplemental Indenture, (iii) to execute and deliver the 2005 Purchase Agreement and the Registration Rights Agreement and (iv) to take all other action specified in this Second
Supplemental Participation Agreement required to be taken by Owner Trustee on the Refinancing Date to consummate the transactions contemplated by this Second Supplemental Participation Agreement. 
  
 Section 8.15. Tax Opinion. Owner Participant shall have received from
Drinker Biddle & Reath LLP an opinion in form and substance of the draft opinion relating to the matters described in subsection 17(b)(iii) of the Existing Participation Agreement and delivered by such firm to Owner Participant on or before the
date of this Second Supplemental Participation Agreement (receipt of which draft opinion is hereby acknowledged by Owner Participant as of the date hereof). 
  
 Section 8.16. Compliance Certificate. In the case of Owner Participant and Indenture Trustee, such Person shall have received Owner Trustee
Certificates required by Section 2.15(ii) and (v) and the Officers Certificates required by Section 2.15(v) and (vi) of the Indenture. 
  
 Section 8.17. Lessee’s Performance. The representations and warranties of Lessee set forth in Article 7 and in any other Refinancing Document
to which Lessee is or will be a party shall be true and correct on and as of the Refinancing Date with the same effect as though made on and as of the Refinancing Date, Lessee shall have performed all of the covenants and agreements in each
Operative Document and each Refinancing Document to which Lessee is or will be a party to be performed by it on or before the Refinancing Date. 
  
 Section 8.18. Legality, etc. In the case of Owner Participant, Owner Trustee, Indenture Trustee and Lessee, no change shall have occurred in
applicable law, or regulations thereunder or interpretations thereof, of or by appropriate regulatory authorities that, in the opinion of such party or its counsel, would make it illegal for such party to participate in any of the transactions
contemplated by the Operative Documents or the Refinancing Documents to which it is or will be a party or subject such party to any material penalty or liability or burdensome condition or regulation under or pursuant to any applicable law or
governmental regulation. 
  
 Section 8.19. Other Evidence.
In the case of Owner Participant, Lessee, Owner Trustee, and Indenture Trustee, each such Person shall have received such other documents and certificates and opinions as such Person or its counsel shall reasonably request. 
  

 25 

 ARTICLE 9 
 AGREEMENTS AND COVENANTS 
  
 The following agreements and covenants shall be effective as of the Refinancing Date: 
  
 Section 9.01. Agreement Respecting Refinancing Documents. Each party hereto hereby agrees that the transactions
contemplated by the Refinancing Documents, when consummated in accordance with the terms and conditions of the Refinancing Documents, this Second Supplemental Participation Agreement, the 2005 Purchase Agreement, the Registration Rights Agreement,
and the documents attached hereto (the form and substance of each of which is hereby approved) will comply with the terms and conditions of Section 17 of the Existing Participation Agreement other than as specifically provided for in the Refinancing
Documents. 
  
 Section 9.02. Prepayment. Until after the
fourth refunding of the Bonds by Lessee pursuant to Section 17 of the Participation Agreement and so long as the Lease shall not have been declared in default pursuant to subsection 17.1 thereof, Owner Participant shall not, and shall not allow
Owner Trustee to, prepay, redeem or refinance any Bonds, or deposit monies with Indenture Trustee in accordance with clause (c) of Section 3.01 of the Indenture; and after any such fourth refunding of the Bonds by Lessee pursuant to Section 17 of
the Participation Agreement and so long as the Lease shall not have been declared in default pursuant to subsection 17.1 thereof, Owner Participant shall not, and shall not allow Owner Trustee to, prepay, redeem or refinance any Bonds, or deposit
monies with Indenture Trustee in accordance with clause (c) of Section 3.01 of the Indenture without the prior written consent of Lessee, which consent shall not be unreasonably withheld. 
  
 Section 9.03. Successor Owner Trustee. Owner Participant shall not appoint or cause or allow to be appointed a
successor to any Owner Trustee or an additional or separate trustee under the Trust Agreement without giving or causing to be given prior written notice of such appointment (including notification of the principal place of business of each such
successor, additional or separate trustee) to Lessee and Indenture Trustee and without any such successor, additional or separate trustee simultaneously with its assumption of duties in such capacity, taking all actions necessary or as may be
reasonably requested by Indenture Trustee or (unless objected to by Indenture Trustee) Lessee (including, without limitation, the filing of financing statements) in order to establish, preserve, protect and perfect its good and marketable title to
the Assets and its 
  

 26 

 rights under the Operative Documents and the Refinancing Documents and, so long as any Bonds are Outstanding, the valid
first mortgage and prior perfected security interest of Indenture Trustee in the Indenture Estate granted or intended to be created under the Indenture and Indenture Trustee’s rights under the Operative Documents and the Refinancing Documents,
subject only to Permitted Interest Liens, Permitted Project Liens, the Lien of the Westar Energy Indenture and any Lien affecting Westar Energy’s assets. 
  

Section 9.04. Trust Agreement. Prior to the Lease Termination Date, or, if later, the release of the Lien of the Indenture on the Indenture
Estate and the full payment of principal of, premium (if any) and interest on the Bonds, Owner Participant will not terminate or revoke, or consent to the termination or revocation of, the Trust Agreement. 
  
 Section 9.05. Indemnity. The parties hereto confirm that any reference
to “Bonds” in subsection 14.1 of the Lease includes the 2005 Series Bonds. 
  
 Section 9.06. Continuation Statements. Prior to the release of the Lien of the Indenture on the Indenture Estate and the full payment of principal of, premium (if any) and interest on, the Bonds, Lessee shall
file continuation statements at periodic intervals with respect to the applicable financing statements filed pursuant to Section 2.05 hereof to preserve and protect the perfection of the mortgage lien and security interests created by the Indenture.

  
 Section 9.07. Further Assurance. Owner Participant
hereby covenants to cause and authorizes and instructs Owner Trustee to, and Owner Trustee hereby agrees to, execute and deliver any and all agreements, instruments, certificates and other documents and take or cause to be taken any and all other
actions that are deemed reasonably necessary or desirable by Lessee to enable Lessee to perform its obligations under the Registration Rights Agreement. 
  
 Section 9.08. Tax Indemnity Agreement. Owner Participant and Lessee hereby agree that (i) Section 4(e) of the Tax Indemnity Agreement shall be
deleted in its entirety and shall be replaced with “(Intentionally omitted),” and (ii) clause (iv) of Section 6 of the Tax Indemnity Agreement shall be deleted in its entirety and shall be replaced with “(iv) A determination that the
Lease is a “second 467 rental agreement” within the meaning of Section 467(d) of the Code;”. Owner Participant further agrees that notwithstanding any provision to the contrary in the Tax Indemnity Agreement, no indemnity shall be
payable by Lessee to Owner Participant as a result of the representation previously set forth in such Section 4(e) ceasing to be true or correct as of the Refinancing Date. 
  

 27 

 ARTICLE 10 
 SURVIVAL OF REPRESENTATIONS AND WARRANTIES; BINDING EFFECT 
  
 Section 10.01. Survival. All agreements, representations, warranties
and indemnities contained in this Second Supplemental Participation Agreement and the other Refinancing Documents and in any agreement, document or certificate delivered pursuant hereto or thereto or in connection herewith or therewith, shall
survive and continue in effect following the execution and delivery of this Second Supplemental Participation Agreement and the other Refinancing Documents, and all such representations, warranties and indemnities shall survive the termination of
this Second Supplemental Participation Agreement. 
  
 Section
10.02. Binding Effect. All agreements, representations, warranties and indemnities in this Second Supplemental Participation Agreement and the Refinancing Documents and in any agreement, document or certificate delivered concurrently with the
execution of this Second Supplemental Participation Agreement or the other Refinancing Documents or from time to time hereafter shall bind the Person making the same and its successors and assigns and shall inure to the benefit of each Person for
whom made and its permitted successors and assigns. 
  
 ARTICLE 11

 NOTICES 
  
 All communications, notices and consents provided for in this Second Supplemental Participation Agreement shall be given as provided in the Existing
Participation Agreement, as modified by Section 3.02 hereof. 
  
 ARTICLE 12 
 MISCELLANEOUS 
  
 Section 12.01. Consent and Direction to Owner Trustee. Owner Participant hereby consents to and authorizes and instructs Owner Trustee to execute
and deliver this Second Supplemental Participation Agreement, the other Refinancing Documents, the 2005 Purchase Agreement and the Registration Rights Agreement. 
  
 Section 12.02. Owner Trustee Request. Owner Trustee hereby requests that Indenture Trustee execute the Supplemental
Indenture and this paragraph constitutes the Owner Trustee Request required by clause (i) of Section 2.15 of the Indenture. 
  

 28 

 Section 12.03. Effect of Supplement. The parties hereto hereby confirm the terms of the Existing
Participation Agreement, as supplemented and amended hereby, and declare and agree that the Existing Participation Agreement, as supplemented and amended hereby, is in full force and effect. 
  
 Section 12.04. Execution. This Second Supplemental Participation
Agreement may be executed in any number of counterparts and by the different parties hereto on separate counterparts, each of which, when so executed and delivered, shall be an original, but all such counterparts shall together constitute but one
and the same instrument. 
  
 Section 12.05. Governing Law.
This Second Supplemental Participation Agreement has been negotiated and delivered in the State of New York and shall be governed by, and be construed in accordance with, the laws of the State of New York without regard to the principles of
conflicts of law thereof. 
  
 Section 12.06. Amendments,
Supplements, etc. Neither this Second Supplemental Participation Agreement nor any of the terms hereof may be amended, supplemented, waived or modified orally, but only by an instrument in writing signed by the party against which enforcement of
such change is sought. 
  
 Section 12.07. Headings. The
headings of the sections and paragraphs of this Second Supplemental Participation Agreement have been inserted for convenience of reference only and shall in no way restrict or otherwise modify any of the terms or provisions hereof. 
  

 29 

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

			
	 U.S. BANK NATIONAL ASSOCIATION,
not in its individual
capacity except to the extent expressly
provided herein but solely
as Owner
Trustee pursuant to the Trust
Agreement

		
	By:	 	 /S/    MICHAEL M. HOPKINS

	Name:	 	 Michael M. Hopkins

	Title:	 	 Vice President

	
	 DEUTSCHE BANK TRUST COMPANY
AMERICAS, not in its individual
capacity except to the extent expressly
provided herein but
as Indenture
Trustee pursuant to the Indenture

		
	By:	 	 /S/    SUSAN JOHNSON

	Name:	 	 Susan Johnson

	Title:	 	 Vice President

	
	 COMCAST MO FINANCIAL SERVICES, INC.

		
	By:	 	 /S/    KENNETH MIKALAUSKAS

	Name:	 	Kenneth Mikalauskas
	Title:	 	 Vice President-Finance

	
	 KANSAS GAS AND ELECTRIC COMPANY

		
	By:	 	 /S/    MARK A. RUELLE

	Name:	 	 Mark A. Ruelle

	Title:	 	 Vice President and Treasurer

 SCHEDULE 1 
  

ASSUMPTIONS 
  
 Based on the assumptions set forth below, the Basic Rent installments are as shown on Annex A hereto, Casualty Values are as shown on Annex
B hereto, Allocated Rents are as shown on Annex C hereto, Section 467 Loan Balances are as shown on Annex D hereto, and Non-Recourse Debt Schedules are as shown on Annex E hereto. 
  

			
	 	  	Part I
		
	Funding Date	  	September 29, 1987; all debt and equity investments in Purchase Price on the Funding Date
		
	1992 Refinancing Date	  	September 29, 1992
		
	Refinancing Date	  	June 30, 2005
		
	Bonds	  	 Aggregate principal amount of Initial Series Bonds equal to 87% of Purchase Price. Interest payable on each March 29 and September 29, commencing
March 29, 1988 for Initial Series Bonds and March 29, 1993 for 1992 Series Bonds.
  
 Initial Series Bonds:
  
 (i)     With a Stated Maturity of Principal of March 29, 2003
  
 a)      Aggregate principal amount equal to $104,199,000
  
 b)      Interest Rate
- 11.100%
  
 c)      Average Life - 12.86 years
  
 (ii)    With a Stated Maturity of Principal of March 29, 2016
  
 a)      Aggregate
principal amount equal to $236,928,000
  
 b)      Interest Rate - 11.875%
  
 c)      Average Life - 24.09 years
  
 (in each case, on a 12 30-day month, 360-day year basis).
  
 1992 Series Bonds:
 (i)     With a Stated Maturity of Principal of September 29, 2003
  
 a)      Aggregate principal amount equal to $102,773,000

			
	 	  	 b)      Interest Rate - 6.760%
  
 c)      Average Life
- 7.50 years
  
 (ii)    With a Stated Maturity of Principal of September 29, 2007
  
 a)      Aggregate principal amount equal to $86,275,000
  
 b)      Interest Rate
- 7.625%
  
 c)      Average Life - 14.52 years
  
 (iii)  With a Stated Maturity of Principal of March 29, 2016
  
 a)      Aggregate
principal amount equal to $152,079,000
  
 b)      Interest Rate - 8.290%
  
 c)      Average Life - 21.77 years
  
 (in each case, on a 12 30-day month, 360-day year basis).
  
 2005 Series Bonds:
  
 With a Stated Maturity of Principal of March 29, 2021
  
 a)      Aggregate principal amount equal to $320,000,000
  
 b)      Interest Rate
– 5.647%
  
 c)      Average Life – 10.00 years
  
 (in each case, on a 12 30-day months, 360-day year basis).

		
	 Allocation of Proceeds of
 the 2005 Series
Bonds
	  	 The $320,000,000 of proceeds from the issuance of the 2005 Series Bonds shall be distributed as shown below:
  
 a)      $238,354,000
retirement of the 1992 Series Bonds and $1,177,509 to pay a portion of the accrued interest on the redeemed 1992 Series Bonds
  
 b)      $12,093,311 Transaction Expenses
  
 c)      $68,375,180
Additional Borrowing by the Owner Participant

  

 Schedule 1-2 

			
	 	  	Part II
		
	Transaction Expenses	  	 $7,639,706 of Purchase Price amortized over the Interim Lease Term and the Basic Term with $2,627,197 to be expensed on September 29,
1992.
  
 $3,300,000 amortized from the 1992 Refinancing Date to the final maturity
date of the 1992 Series Bonds
  
 $12,093,311 amortized from the Refinancing Date
to the final maturity date of the 2005 Series Bonds

		
	 	  	Part III
		
	Purchase Price	  	$392,100,000
		
	Tax Benefits (as a matter of economics and subject to the verification described in subsection 4.10 of the Lease)	  	39.95% rate of tax in 1987 and 34% thereafter; 100% of the Purchase Price qualifying for 22.5 year ADR depreciation (150% declining balance switching to straightline at the optimal point to a
10% salvage value, taking into account a half-year election for the first year).
		
	 	  	Interest deductions on the Bonds available on an accrual basis.
		
	Basic Rent	  	Basic Rent deemed not to be received prior to Basic Rent Payment Dates prior to June 30, 2005, and thereafter deemed received as shown on Annex C hereto.
		
	Section 467 Loan	  	Accounted for consistently with Annex D hereto.
		
	Owner Participant’s After-Tax Yield	  	Computed on a monthly basis using the multiple investment sinking fund method.
		
	Sinking Fund Re-Investment Rate	  	0%
		
	 Owner Participant’s Fiscal Year-End
  
 Interest on Bonds
 payable on Basic Lease
 Commencement Date
	  	 December 31
  
  
 Paid by Owner Participant

  

 Schedule 1-3 

 Annex A to 
 Schedule 1 
  
 HYPOTHETICAL BASIC RENT 
  
 (1987 - 2029)

  

						
	 Basic Rent Payment Date

	  	 Advance/Arrears

	  	Percentage

	 
	 Sep 29 1988
	  	Arrears	  	5.062648	%
	 Mar 29 1989
	  	Arrears	  	5.612253	%
	 Sep 29 1989
	  	Arrears	  	5.032145	%
	 Mar 29 1990
	  	Arrears	  	5.642618	%
	 Sep 29 1990
	  	Arrears	  	5.032145	%
	 Mar 29 1991
	  	Arrears	  	5.642618	%
	 Sep 29 1991
	  	Arrears	  	5.032145	%
	 Mar 29 1992
	  	Arrears	  	5.642618	%
	 Sep 29 1992
	  	Arrears	  	5.032145	%
	 Mar 29 1993
	  	Arrears	  	3.332475	%
	 Sep 29 1993
	  	Arrears	  	5.491415	%
	 Mar 29 1994
	  	Arrears	  	3.332475	%
	 Sep 29 1994
	  	Arrears	  	5.491415	%
	 Mar 29 1995
	  	Arrears	  	3.309528	%
	 Sep 29 1995
	  	Arrears	  	5.514285	%
	 Mar 29 1996
	  	Arrears	  	3.235015	%
	 Sep 29 1996
	  	Arrears	  	5.588798	%
	 Mar 29 1997
	  	Arrears	  	3.155467	%
	 Sep 29 1997
	  	Arrears	  	5.668346	%
	 Mar 29 1998
	  	Arrears	  	3.070541	%
	 Sep 29 1998
	  	Arrears	  	5.753272	%
	 Mar 29 1999
	  	Arrears	  	3.024741	%
	 Sep 29 1999
	  	Arrears	  	5.799072	%
	 Mar 29 2000
	  	Arrears	  	2.930979	%
	 Sep 29 2000
	  	Arrears	  	5.892834	%
	 Mar 29 2001
	  	Arrears	  	2.830880	%
	 Sep 29 2001
	  	Arrears	  	5.992933	%
	 Mar 29 2002
	  	Arrears	  	2.724015	%
	 Sep 29 2002
	  	Arrears	  	6.099798	%
	 Mar 29 2003
	  	Arrears	  	2.609926	%
	 Sep 29 2003
	  	Arrears	  	7.443642	%
	 Mar 29 2004
	  	Arrears	  	3.915896	%
	 Sep 29 2004
	  	Arrears	  	4.907917	%
	 Mar 29 2005
	  	Arrears	  	2.446547	%
	 Jun 30 2005
	  	Arrears	  	0.936557	%
	 Sep 29 2005
	  	Arrears	  	7.986701	%
	 Mar 29 2006
	  	Arrears	  	6.248281	%

  

 Schedule 1-4 

						
	 Basic Rent Payment Date

	  	 Advance/Arrears

	  	Percentage

	 
	 Sep 29 2006
	  	Arrears	  	2.304310	%
	 Mar 29 2007
	  	Arrears	  	2.304310	%
	 Sep 29 2007
	  	Arrears	  	3.679916	%
	 Mar 29 2008
	  	Arrears	  	2.265470	%
	 Sep 29 2008
	  	Arrears	  	6.123120	%
	 Mar 29 2009
	  	Arrears	  	2.156549	%
	 Sep 29 2009
	  	Arrears	  	6.250480	%
	 Mar 29 2010
	  	Arrears	  	2.040957	%
	 Sep 29 2010
	  	Arrears	  	6.385641	%
	 Mar 29 2011
	  	Arrears	  	1.918285	%
	 Sep 29 2011
	  	Arrears	  	6.529081	%
	 Mar 29 2012
	  	Arrears	  	1.788099	%
	 Sep 29 2012
	  	Arrears	  	6.681307	%
	 Mar 29 2013
	  	Arrears	  	7.006913	%
	 Sep 29 2013
	  	Arrears	  	1.498685	%
	 Mar 29 2014
	  	Arrears	  	7.194140	%
	 Sep 29 2014
	  	Arrears	  	1.337874	%
	 Mar 29 2015
	  	Arrears	  	7.393196	%
	 Sep 29 2015
	  	Arrears	  	1.166902	%
	 Mar 29 2016
	  	Arrears	  	7.604830	%
	 Sep 29 2016
	  	Arrears	  	0.985127	%
	 Mar 29 2017
	  	Arrears	  	7.829836	%
	 Sep 29 2017
	  	Arrears	  	0.791867	%
	 Mar 29 2018
	  	Arrears	  	8.069058	%
	 Sep 29 2018
	  	Arrears	  	0.586395	%
	 Mar 29 2019
	  	Arrears	  	8.323397	%
	 Sep 29 2019
	  	Arrears	  	0.367941	%
	 Mar 29 2020
	  	Arrears	  	8.593805	%
	 Sep 29 2020
	  	Arrears	  	0.135684	%
	 Mar 29 2021
	  	Arrears	  	4.941199	%
	 Sep 29 2021
	  	Arrears	  	0.000000	%
	 Mar 29 2022
	  	Arrears	  	0.000000	%
	 Sep 29 2022
	  	Arrears	  	0.000000	%
	 Mar 29 2023
	  	Arrears	  	0.000000	%
	 Sep 29 2023
	  	Arrears	  	0.000000	%
	 Mar 29 2024
	  	Arrears	  	0.000000	%
	 Sep 29 2024
	  	Arrears	  	0.000000	%
	 Mar 29 2025
	  	Arrears	  	0.000000	%
	 Sep 29 2025
	  	Arrears	  	0.000000	%
	 Mar 29 2026
	  	Arrears	  	0.000000	%
	 Sep 29 2026
	  	Arrears	  	0.000000	%
	 Mar 29 2027
	  	Arrears	  	0.000000	%
	 Sep 29 2027
	  	Arrears	  	0.000000	%

  

 Schedule 1-5 

						
	 Basic Rent Payment Date

	  	Advance/Arrears

	  	Percentage

	 
	 Mar 29 2028
	  	Arrears	  	0.000000	%
	 Sep 29 2028
	  	Arrears	  	0.000000	%
	 Mar 29 2029
	  	Arrears	  	0.000000	%
	 Sep 29 2029
	  	Arrears	  	0.000000	%

  

 Schedule 1-6 

 Annex B to 
 Schedule 1 
  
 Casualty
Values 
  

				
	 Date

	  	Casualty Value

	 
	 Mar 29 1988
	  	108.221100	%
	 Sep 29 1988
	  	109.354280	%
	 Mar 29 1989
	  	109.893610	%
	 Sep 29 1989
	  	110.952540	%
	 Mar 29 1990
	  	111.387250	%
	 Sep 29 1990
	  	112.379510	%
	 Mar 29 1991
	  	112.749290	%
	 Sep 29 1991
	  	113.678280	%
	 Mar 29 1992
	  	113.986080	%
	 Sep 29 1992
	  	117.362280	%
	 Mar 29 1993
	  	118.344860	%
	 Sep 29 1993
	  	117.158980	%
	 Mar 29 1994
	  	117.970440	%
	 Sep 29 1994
	  	116.625030	%
	 Mar 29 1995
	  	117.327500	%
	 Sep 29 1995
	  	115.827110	%
	 Mar 29 1996
	  	116.537000	%
	 Sep 29 1996
	  	114.898930	%
	 Mar 29 1997
	  	115.622960	%
	 Sep 29 1997
	  	113.843070	%
	 Mar 29 1998
	  	114.587610	%
	 Sep 29 1998
	  	112.661980	%
	 Mar 29 1999
	  	113.329570	%
	 Sep 29 1999
	  	111.233680	%
	 Mar 29 2000
	  	111.923020	%
	 Sep 29 2000
	  	109.668830	%
	 Mar 29 2001
	  	110.391530	%
	 Sep 29 2001
	  	107.971090	%
	 Mar 29 2002
	  	108.734500	%
	 Sep 29 2002
	  	106.146290	%
	 Mar 29 2003
	  	106.961100	%
	 Sep 29 2003
	  	102.990640	%
	 Mar 29 2004
	  	102.448880	%
	 Sep 29 2004
	  	100.845410	%
	 Mar 29 2005
	  	101.536660	%

  

 Schedule 1-7 

 Annex B to 
 Schedule 1 
  
 Casualty
Values 
 (Expressed as a percentage of Purchase Price) 
  
 (June 2005 to September 2029) 
  

													
	Date

	 	Percentage

	 	 	Lessor Loan
Balance

	 	 	Lessee Loan
Balance

	 	 	Net Casualty
Value due on
Termination

	 
	Jun 30 2005	 	117.402587	%	 	0.9365570	%	 	0.000000	%	 	116.466030	%
	Sep 29 2005	 	115.924025	%	 	5.6958240	%	 	0.000000	%	 	110.228201	%
	Mar 29 2006	 	118.145428	%	 	12.0856460	%	 	0.000000	%	 	106.059782	%
	Sep 29 2006	 	120.271742	%	 	14.6902845	%	 	0.000000	%	 	105.581457	%
	Mar 29 2007	 	109.815774	%	 	4.7555508	%	 	0.000000	%	 	105.060224	%
	Sep 29 2007	 	111.683323	%	 	8.5536423	%	 	0.000000	%	 	103.129680	%
	Mar 29 2008	 	113.032416	%	 	10.4836660	%	 	0.000000	%	 	102.548750	%
	Sep 29 2008	 	114.960348	%	 	16.8673050	%	 	0.000000	%	 	98.093043	%
	Mar 29 2009	 	104.847074	%	 	7.3630872	%	 	0.000000	%	 	97.483987	%
	Sep 29 2009	 	106.567926	%	 	13.7965401	%	 	0.000000	%	 	92.771385	%
	Mar 29 2010	 	107.274034	%	 	15.1309493	%	 	0.000000	%	 	92.143085	%
	Sep 29 2010	 	109.053191	%	 	21.8925947	%	 	0.000000	%	 	87.160596	%
	Mar 29 2011	 	99.266858	%	 	12.7545792	%	 	0.000000	%	 	86.512279	%
	Sep 29 2011	 	100.844769	%	 	19.6006116	%	 	0.000000	%	 	81.244158	%
	Mar 29 2012	 	100.945403	%	 	20.3676575	%	 	0.000000	%	 	80.577746	%
	Sep 29 2012	 	102.564519	%	 	27.5551003	%	 	0.000000	%	 	75.009418	%
	Mar 29 2013	 	93.052848	%	 	24.0852178	%	 	0.000000	%	 	68.967630	%
	Sep 29 2013	 	94.457310	%	 	26.1824206	%	 	0.000000	%	 	68.274889	%
	Mar 29 2014	 	93.978053	%	 	32.0993514	%	 	0.000000	%	 	61.878701	%
	Sep 29 2014	 	95.405565	%	 	34.2348942	%	 	0.000000	%	 	61.170671	%
	Mar 29 2015	 	86.117826	%	 	31.7187525	%	 	0.000000	%	 	54.399073	%
	Sep 29 2015	 	87.350326	%	 	33.6738655	%	 	0.000000	%	 	53.676461	%
	Mar 29 2016	 	86.313062	%	 	39.8036387	%	 	0.000000	%	 	46.509423	%
	Sep 29 2016	 	87.552812	%	 	41.7778862	%	 	0.000000	%	 	45.774926	%
	Mar 29 2017	 	78.442618	%	 	40.2531415	%	 	0.000000	%	 	38.189476	%
	Sep 29 2017	 	79.493147	%	 	42.0452988	%	 	0.000000	%	 	37.447848	%
	Mar 29 2018	 	76.864056	%	 	47.4339751	%	 	0.000000	%	 	29.430081	%
	Sep 29 2018	 	77.896550	%	 	49.1991046	%	 	0.000000	%	 	28.697445	%
	Mar 29 2019	 	67.141536	%	 	46.9033331	%	 	0.000000	%	 	20.238203	%
	Sep 29 2019	 	67.967297	%	 	48.4368219	%	 	0.000000	%	 	19.530475	%
	Mar 29 2020	 	64.767573	%	 	54.1561804	%	 	0.000000	%	 	10.611392	%
	Sep 29 2020	 	65.573825	%	 	55.6376452	%	 	0.000000	%	 	9.936180	%
	Mar 29 2021	 	54.930056	%	 	50.4572245	%	 	0.000000	%	 	4.472831	%
	Sep 29 2021	 	55.548905	%	 	51.7110865	%	 	0.000000	%	 	3.837819	%

  

 Schedule 1-8 

													
	Mar 29 2022	 	51.821333	%	 	48.5951309	%	 	0.000000	%	 	3.226202	%
	Sep 29 2022	 	46.723331	%	 	44.0806375	%	 	0.000000	%	 	2.642694	%
	Mar 29 2023	 	47.263130	%	 	45.1760414	%	 	0.000000	%	 	2.087089	%
	Sep 29 2023	 	39.989084	%	 	38.4249953	%	 	0.000000	%	 	1.564089	%
	Mar 29 2024	 	40.453181	%	 	39.3798564	%	 	0.000000	%	 	1.073325	%
	Sep 29 2024	 	33.104743	%	 	32.4847751	%	 	0.000000	%	 	0.619968	%
	Mar 29 2025	 	33.495864	%	 	33.2920218	%	 	0.000000	%	 	0.203842	%
	Sep 29 2025	 	26.245658	%	 	26.2456578	%	 	0.000000	%	 	0.000000	%
	Mar 29 2026	 	26.897862	%	 	26.8978624	%	 	0.000000	%	 	0.000000	%
	Sep 29 2026	 	19.692604	%	 	19.6926035	%	 	0.000000	%	 	0.000000	%
	Mar 29 2027	 	20.181965	%	 	20.1819647	%	 	0.000000	%	 	0.000000	%
	Sep 29 2027	 	12.809816	%	 	12.8098158	%	 	0.000000	%	 	0.000000	%
	Mar 29 2028	 	13.128140	%	 	13.1281397	%	 	0.000000	%	 	0.000000	%
	Sep 29 2028	 	5.580703	%	 	5.5807033	%	 	0.000000	%	 	0.000000	%
	Mar 29 2029	 	5.719384	%	 	5.7193837	%	 	0.000000	%	 	0.000000	%
	Sep 29 2029	 	0.000000	%	 	0.0000000	%	 	0.000000	%	 	0.000000	%

  

 Schedule 1-9 

 Annex C to 
 Schedule 1 
  
 Allocated
Rent  
 (Expressed as a percentage of Purchase Price) 
  

						
	Lease Period

	 	 	 
	From (and
including)

	 	 To
 (and excluding)

	 	Allocated Rent

	 
	Jun 30 2005	 	Sep 29 2005	 	3.238942	%
	Sep 29 2005	 	Mar 29 2006	 	0.000000	%
	Mar 29 2006	 	Sep 29 2006	 	0.000000	%
	Sep 29 2006	 	Mar 29 2007	 	12.604097	%
	Mar 29 2007	 	Sep 29 2007	 	0.000000	%
	Sep 29 2007	 	Mar 29 2008	 	0.548004	%
	Mar 29 2008	 	Sep 29 2008	 	0.000000	%
	Sep 29 2008	 	Mar 29 2009	 	12.079919	%
	Mar 29 2009	 	Sep 29 2009	 	0.000000	%
	Sep 29 2009	 	Mar 29 2010	 	1.049392	%
	Mar 29 2010	 	Sep 29 2010	 	0.000000	%
	Sep 29 2010	 	Mar 29 2011	 	11.600331	%
	Mar 29 2011	 	Sep 29 2011	 	0.000000	%
	Sep 29 2011	 	Mar 29 2012	 	1.508128	%
	Mar 29 2012	 	Sep 29 2012	 	0.000000	%
	Sep 29 2012	 	Mar 29 2013	 	11.161540	%
	Mar 29 2013	 	Sep 29 2013	 	0.000000	%
	Sep 29 2013	 	Mar 29 2014	 	1.927842	%
	Mar 29 2014	 	Sep 29 2014	 	0.000000	%
	Sep 29 2014	 	Mar 29 2015	 	10.760075	%
	Mar 29 2015	 	Sep 29 2015	 	0.000000	%
	Sep 29 2015	 	Mar 29 2016	 	2.311852	%
	Mar 29 2016	 	Sep 29 2016	 	0.000000	%
	Sep 29 2016	 	Mar 29 2017	 	10.392761	%
	Mar 29 2017	 	Sep 29 2017	 	0.000000	%
	Sep 29 2017	 	Mar 29 2018	 	3.725208	%
	Mar 29 2018	 	Sep 29 2018	 	0.000000	%
	Sep 29 2018	 	Mar 29 2019	 	11.841766	%
	Mar 29 2019	 	Sep 29 2019	 	0.000000	%
	Sep 29 2019	 	Mar 29 2020	 	4.078102	%
	Mar 29 2020	 	Sep 29 2020	 	0.000000	%
	Sep 29 2020	 	Mar 29 2021	 	11.504215	%
	Mar 29 2021	 	Sep 29 2021	 	0.000000	%
	Sep 29 2021	 	Mar 29 2022	 	4.400976	%
	Mar 29 2022	 	Sep 29 2022	 	5.722082	%

  

 Schedule 1-10 

						
	Lease Period

	 	 	 
	Sep 29 2022	 	Mar 29 2023	 	0.000000	%
	Mar 29 2023	 	Sep 29 2023	 	7.873671	%
	Sep 29 2023	 	Mar 29 2024	 	0.000000	%
	Mar 29 2024	 	Sep 29 2024	 	7.873671	%
	Sep 29 2024	 	Mar 29 2025	 	0.000000	%
	Mar 29 2025	 	Sep 29 2025	 	7.873671	%
	Sep 29 2025	 	Mar 29 2026	 	0.000000	%
	Mar 29 2026	 	Sep 29 2026	 	7.873671	%
	Sep 29 2026	 	Mar 29 2027	 	0.000000	%
	Mar 29 2027	 	Sep 29 2027	 	7.873671	%
	Sep 29 2027	 	Mar 29 2028	 	0.000000	%
	Mar 29 2028	 	Sep 29 2028	 	7.873671	%
	Sep 29 2028	 	Mar 29 2029	 	0.000000	%
	Mar 29 2029	 	Sep 29 2029	 	5.861510	%

  

 Schedule 1-11 

 Annex D to 
 Schedule 1 
  
 Section
467 Loan Balances  
 (Expressed as a percentage of Purchase Price) 
  

										
	Date

	 	 (a)
 Lessor Loan
Balance

	 	 	 (b)
 Lessee Loan
Balance

	 	 	 (c)
 Interest Amount

	 
	Jun 30 2005	 	0.936557	%	 	0.000000	%	 	0.000000	%
	Sep 29 2005	 	5.695824	%	 	0.000000	%	 	0.011507	%
	Mar 29 2006	 	12.085646	%	 	0.000000	%	 	0.141541	%
	Sep 29 2006	 	14.690284	%	 	0.000000	%	 	0.300328	%
	Mar 29 2007	 	4.755551	%	 	0.000000	%	 	0.365054	%
	Sep 29 2007	 	8.553642	%	 	0.000000	%	 	0.118175	%
	Mar 29 2008	 	10.483666	%	 	0.000000	%	 	0.212558	%
	Sep 29 2008	 	16.867305	%	 	0.000000	%	 	0.260519	%
	Mar 29 2009	 	7.363087	%	 	0.000000	%	 	0.419153	%
	Sep 29 2009	 	13.796540	%	 	0.000000	%	 	0.182973	%
	Mar 29 2010	 	15.130949	%	 	0.000000	%	 	0.342844	%
	Sep 29 2010	 	21.892595	%	 	0.000000	%	 	0.376004	%
	Mar 29 2011	 	12.754579	%	 	0.000000	%	 	0.544031	%
	Sep 29 2011	 	19.600612	%	 	0.000000	%	 	0.316951	%
	Mar 29 2012	 	20.367657	%	 	0.000000	%	 	0.487075	%
	Sep 29 2012	 	27.555100	%	 	0.000000	%	 	0.506136	%
	Mar 29 2013	 	24.085218	%	 	0.000000	%	 	0.684744	%
	Sep 29 2013	 	26.182421	%	 	0.000000	%	 	0.598518	%
	Mar 29 2014	 	32.099351	%	 	0.000000	%	 	0.650633	%
	Sep 29 2014	 	34.234894	%	 	0.000000	%	 	0.797669	%
	Mar 29 2015	 	31.718753	%	 	0.000000	%	 	0.850737	%
	Sep 29 2015	 	33.673865	%	 	0.000000	%	 	0.788211	%
	Mar 29 2016	 	39.803639	%	 	0.000000	%	 	0.836796	%
	Sep 29 2016	 	41.777886	%	 	0.000000	%	 	0.989120	%
	Mar 29 2017	 	40.253142	%	 	0.000000	%	 	1.038180	%
	Sep 29 2017	 	42.045299	%	 	0.000000	%	 	1.000291	%
	Mar 29 2018	 	47.433975	%	 	0.000000	%	 	1.044826	%
	Sep 29 2018	 	49.199105	%	 	0.000000	%	 	1.178734	%
	Mar 29 2019	 	46.903333	%	 	0.000000	%	 	1.222598	%
	Sep 29 2019	 	48.436822	%	 	0.000000	%	 	1.165548	%
	Mar 29 2020	 	54.156180	%	 	0.000000	%	 	1.203655	%
	Sep 29 2020	 	55.637645	%	 	0.000000	%	 	1.345781	%
	Mar 29 2021	 	50.457225	%	 	0.000000	%	 	1.382595	%
	Sep 29 2021	 	51.711087	%	 	0.000000	%	 	1.253862	%
	Mar 29 2022	 	48.595131	%	 	0.000000	%	 	1.285020	%

  

 Schedule 1-12 

										
	Sep 29 2022	 	44.080638	%	 	0.000000	%	 	1.207589	%
	Mar 29 2023	 	45.176041	%	 	0.000000	%	 	1.095404	%
	Sep 29 2023	 	38.424995	%	 	0.000000	%	 	1.122625	%
	Mar 29 2024	 	39.379856	%	 	0.000000	%	 	0.954861	%
	Sep 29 2024	 	32.484775	%	 	0.000000	%	 	0.978589	%
	Mar 29 2025	 	33.292022	%	 	0.000000	%	 	0.807247	%
	Sep 29 2025	 	26.245658	%	 	0.000000	%	 	0.827307	%
	Mar 29 2026	 	26.897862	%	 	0.000000	%	 	0.652205	%
	Sep 29 2026	 	19.692604	%	 	0.000000	%	 	0.668412	%
	Mar 29 2027	 	20.181965	%	 	0.000000	%	 	0.489361	%
	Sep 29 2027	 	12.809816	%	 	0.000000	%	 	0.501522	%
	Mar 29 2028	 	13.128140	%	 	0.000000	%	 	0.318324	%
	Sep 29 2028	 	5.580703	%	 	0.000000	%	 	0.326234	%
	Mar 29 2029	 	5.719384	%	 	0.000000	%	 	0.138680	%
	Sep 29 2029	 	0.000000	%	 	0.000000	%	 	0.142127	%

  

 Schedule 1-13 

 Annex E to 
 Schedule 1 
  
 All
Non-Recourse Debt Schedules 
 (1987 – 2021) 
  

Non-Recourse Debt Service Schedule 
 (September 1987 - March 1988) 
  
 Loan 6
Amortization    Interest Rate 11.63827% 
 Average Life 0.50000 Years; Duration 0.50000 Years 
  

													
	 Date

	  	 	  	Draw Down

	  	Debt Service

	  	Interest

	  	Principal

	  	Balance

	 Sep 29 1987
	  	 	  	341,127,000.00	  	 	  	 	  	 	  	341,127,000.00
	 Mar 29 1988
	  	1	  	 	  	360,977,644.51	  	19,850,644.51	  	341,127,000.00	  	0
	 	  	 	  	
	  	
	  	
	  	
	  	 
	 Totals
	  	 	  	341,127,000.00	  	360,977,644.51	  	19,850,644.51	  	341,127,000.00	  	 

  
 Non-Recourse Debt
Service Schedule 
 (March 1988 - September 1992) 
  
 Loan 1 Amortization Interest Rate 11.10000% 
 Average Life 4.42761 Years;
Duration 3.60538 Years 
  

													
	 Date

	  	 	  	Draw Down

	  	Debt Service

	  	Interest

	  	Principal

	  	Balance

	 Mar 29 1988
	  	 	  	104,199,000.00	  	 	  	 	  	 	  	104,199,000.00
	 Sep 29 1988
	  	1	  	 	  	5,783,044.50	  	5,783,044.50	  	0	  	104,199,000.00
	 Mar 29 1989
	  	2	  	 	  	7,938,044.50	  	5,783,044.50	  	2,155,000.00	  	102,044,000.00
	 Sep 29 1989
	  	3	  	 	  	5,663,442.00	  	5,663,442.00	  	0	  	102,044,000.00
	 Mar 29 1990
	  	4	  	 	  	5,663,442.00	  	5,663,442.00	  	0	  	102,044,000.00
	 Sep 29 1990
	  	5	  	 	  	5,663,442.00	  	5,663,442.00	  	0	  	102,044,000.00
	 Mar 29 1991
	  	6	  	 	  	5,663,442.00	  	5,663,442.00	  	0	  	102,044,000.00
	 Sep 29 1991
	  	7	  	 	  	5,663,442.00	  	5,663,442.00	  	0	  	102,044,000.00
	 Mar 29 1992
	  	8	  	 	  	5,663,442.00	  	5,663,442.00	  	0	  	102,044,000.00
	 Sep 29 1992
	  	9	  	 	  	107,707,442.00	  	5,663,442.00	  	102,044,000.00	  	0
	 	  	 	  	
	  	
	  	
	  	
	  	 
	 Totals
	  	 	  	104,199,000.00	  	155,409,183.00	  	51,210,183.00	  	104,199,000.00	  	 

  

 Schedule 1-14 

 Non-Recourse Debt Service Schedule 
 (March 1988 - September 1992) 
  
 Loan 2 Amortization    Interest Rate 11.87500% 
 Average Life 4.50000 Years; Duration 3.61259 Years 
  

													
	 Date

	  	 	  	Draw Down

	  	Debt Service

	  	Interest

	  	Principal

	  	Balance

	 Mar 29 1988
	  	 	  	236,928,000.00	  	 	  	 	  	 	  	236,928,000.00
	 Sep 29 1988
	  	1	  	 	  	14,067,600.00	  	14,067,600.00	  	0	  	236,928,000.00
	 Mar 29 1989
	  	2	  	 	  	14,067,600.00	  	14,067,600.00	  	0	  	236,928,000.00
	 Sep 29 1989
	  	3	  	 	  	14,067,600.00	  	14,067,600.00	  	0	  	236,928,000.00
	 Mar 29 1990
	  	4	  	 	  	14,067,600.00	  	14,067,600.00	  	0	  	236,928,000.00
	 Sep 29 1990
	  	5	  	 	  	14,067,600.00	  	14,067,600.00	  	0	  	236,928,000.00
	 Mar 29 1991
	  	6	  	 	  	14,067,600.00	  	14,067,600.00	  	0	  	236,928,000.00
	 Sep 29 1991
	  	7	  	 	  	14,067,600.00	  	14,067,600.00	  	0	  	236,928,000.00
	 Mar 29 1992
	  	8	  	 	  	14,067,600.00	  	14,067,600.00	  	0	  	236,928,000.00
	 Sep 29 1992
	  	9	  	 	  	250,995,600.00	  	14,067,600.00	  	236,928,000.00	  	0
	 	  	 	  	
	  	
	  	
	  	
	  	 
	 Totals
	  	 	  	236,928,000.00	  	363,536,400.00	  	126,608,400.00	  	236,928,000.00	  	 

  
 Non-Recourse Debt
Service Schedule 
 (September 1992 - June 2005) 
 Combined Tranches of the 1992 Series Bonds 
  
 Loan 3 Amortization    IRR of Debt Services 7.75724% 
 Average Life 11.17010 Years; Duration 7.54068 Years 
  

													
	 Date

	  	 	  	Draw Down

	  	Debt Service

	  	Interest

	  	Principal

	  	Balance

	 Sep 29 1992
	  	 	  	341,127,000.00	  	 	  	 	  	 	  	341,127,000.00
	 Mar 29 1993
	  	1	  	 	  	13,066,636.32	  	13,066,636.32	  	0.00	  	341,127,000.00
	 Sep 29 1993
	  	2	  	 	  	13,066,636.32	  	13,066,636.32	  	0.00	  	341,127,000.00
	 Mar 29 1994
	  	3	  	 	  	13,066,636.32	  	13,066,636.32	  	0.00	  	341,127,000.00
	 Sep 29 1994
	  	4	  	 	  	15,728,636.33	  	13,066,636.32	  	2,662,000.00	  	338,465,000.00
	 Mar 29 1995
	  	5	  	 	  	12,976,660.72	  	12,976,660.72	  	0.00	  	338,465,000.00
	 Sep 29 1995
	  	6	  	 	  	21,620,660.73	  	12,976,660.72	  	8,644,000.00	  	329,821,000.00

  

 Schedule 1-15 

													
	 Mar 29 1996
	  	7	  	 	  	12,684,493.52	  	12,684,493.52	  	0.00	  	329,821,000.00
	 Sep 29 1996
	  	8	  	 	  	21,912,493.52	  	12,684,493.52	  	9,228,000.00	  	320,593,000.00
	 Mar 29 1997
	  	9	  	 	  	12,372,587.12	  	12,372,587.12	  	0.00	  	320,593,000.00
	 Sep 29 1997
	  	10	  	 	  	22,224,587.12	  	12,372,587.12	  	9,852,000.00	  	310,741,000.00
	 Mar 29 1998
	  	11	  	 	  	12,039,589.52	  	12,039,589.52	  	0.00	  	310,741,000.00
	 Sep 29 1998
	  	12	  	 	  	17,352,589.52	  	12,039,589.52	  	5,313,000.00	  	305,428,000.00
	 Mar 29 1999
	  	13	  	 	  	11,860,010.12	  	11,860,010.12	  	0.00	  	305,428,000.00
	 Sep 29 1999
	  	14	  	 	  	22,737,010.12	  	11,860,010.12	  	10,877,000.00	  	294,551,000.00
	 Mar 29 2000
	  	15	  	 	  	11,492,367.52	  	11,492,367.52	  	0.00	  	294,551,000.00
	 Sep 29 2000
	  	16	  	 	  	23,104,367.52	  	11,492,367.52	  	11,612,000.00	  	282,939,000.00
	 Mar 29 2001
	  	17	  	 	  	11,099,881.93	  	11,099,881.92	  	0.00	  	282,939,000.00
	 Sep 29 2001
	  	18	  	 	  	23,496,881.93	  	11,099,881.92	  	12,397,000.00	  	270,542,000.00
	 Mar 29 2002
	  	19	  	 	  	10,680,863.32	  	10,680,863.32	  	0.00	  	270,542,000.00
	 Sep 29 2002
	  	20	  	 	  	23,915,863.32	  	10,680,863.32	  	13,235,000.00	  	257,307,000.00
	 Mar 29 2003
	  	21	  	 	  	10,233,520.32	  	10,233,520.32	  	0.00	  	257,307,000.00
	 Sep 29 2003
	  	22	  	 	  	29,186,520.32	  	10,233,520.32	  	18,953,000.00	  	238,354,000.00
	 Mar 29 2004
	  	23	  	 	  	9,592,908.93	  	9,592,908.92	  	0.00	  	238,354,000.00
	 Sep 29 2004
	  	24	  	 	  	9,592,908.93	  	9,592,908.92	  	0.00	  	238,354,000.00
	 Mar 29 2005
	  	25	  	 	  	9,592,908.93	  	9,592,908.92	  	0.00	  	238,354,000.00
	 Jun 30 2005
	  	26	  	 	  	243,203,748.40	  	4,849,748.40	  	238,354,000.00	  	0.00
	 	  	 	  	
	  	
	  	
	  	
	  	 
	 Totals
	  	 	  	341,127,000.00	  	637,901,968.73	  	296,774,968.73	  	341,127,000.00	  	 
	
	 Non-Recourse Debt Service Schedule
 (June 2005 - March 2021)

	
	 Loan 4 Amortization Interest Rate 5.64700%
 Average Life 10.00000 Years; Duration 7.53635 Years

							
	 Date

	  	 	  	Draw Down

	  	Debt Service

	  	Interest

	  	Principal

	  	Balance

	 Jun 30 2005
	  	 	  	320,000,000.00	  	 	  	 	  	 	  	320,000,000.00
	 Sep 29 2005
	  	1	  	 	  	4,467,404.44	  	4,467,404.44	  	0	  	320,000,000.00
	 Mar 29 2006
	  	2	  	 	  	9,035,200.00	  	9,035,200.00	  	0	  	320,000,000.00
	 Sep 29 2006
	  	3	  	 	  	9,035,200.00	  	9,035,200.00	  	0	  	320,000,000.00
	 Mar 29 2007
	  	4	  	 	  	9,035,200.00	  	9,035,200.00	  	0	  	320,000,000.00
	 Sep 29 2007
	  	5	  	 	  	14,428,951.27	  	9,035,200.00	  	5,393,751.27	  	314,606,248.73
	 Mar 29 2008
	  	6	  	 	  	8,882,907.43	  	8,882,907.43	  	0	  	314,606,248.73
	 Sep 29 2008
	  	7	  	 	  	24,008,753.06	  	8,882,907.43	  	15,125,845.63	  	299,480,403.10

  

 Schedule 1-16 

													
	 Mar 29 2009
	  	8	  	 	  	8,455,829.18	  	8,455,829.18	  	0	  	299,480,403.10
	 Sep 29 2009
	  	9	  	 	  	24,508,132.86	  	8,455,829.18	  	16,052,303.68	  	283,428,099.43
	 Mar 29 2010
	  	10	  	 	  	8,002,592.39	  	8,002,592.39	  	0	  	283,428,099.43
	 Sep 29 2010
	  	11	  	 	  	25,038,099.66	  	8,002,592.39	  	17,035,507.28	  	266,392,592.15
	 Mar 29 2011
	  	12	  	 	  	7,521,594.84	  	7,521,594.84	  	0	  	266,392,592.15
	 Sep 29 2011
	  	13	  	 	  	25,600,526.94	  	7,521,594.84	  	18,078,932.10	  	248,313,660.05
	 Mar 29 2012
	  	14	  	 	  	7,011,136.19	  	7,011,136.19	  	0	  	248,313,660.05
	 Sep 29 2012
	  	15	  	 	  	26,197,402.88	  	7,011,136.19	  	19,186,266.69	  	229,127,393.37
	 Mar 29 2013
	  	16	  	 	  	27,474,106.24	  	6,469,411.95	  	21,004,694.28	  	208,122,699.08
	 Sep 29 2013
	  	17	  	 	  	5,876,344.41	  	5,876,344.41	  	0	  	208,122,699.08
	 Mar 29 2014
	  	18	  	 	  	28,208,221.18	  	5,876,344.41	  	22,331,876.77	  	185,790,822.31
	 Sep 29 2014
	  	19	  	 	  	5,245,803.87	  	5,245,803.87	  	0	  	185,790,822.31
	 Mar 29 2015
	  	20	  	 	  	28,988,721.21	  	5,245,803.87	  	23,742,917.34	  	162,047,904.97
	 Sep 29 2015
	  	21	  	 	  	4,575,422.60	  	4,575,422.60	  	0	  	162,047,904.97
	 Mar 29 2016
	  	22	  	 	  	29,818,537.17	  	4,575,422.60	  	25,243,114.57	  	136,804,790.40
	 Sep 29 2016
	  	23	  	 	  	3,862,683.26	  	3,862,683.26	  	0	  	136,804,790.40
	 Mar 29 2017
	  	24	  	 	  	30,700,785.08	  	3,862,683.26	  	26,838,101.82	  	109,966,688.58
	 Sep 29 2017
	  	25	  	 	  	3,104,909.45	  	3,104,909.45	  	0	  	109,966,688.58
	 Mar 29 2018
	  	26	  	 	  	31,638,777.86	  	3,104,909.45	  	28,533,868.41	  	81,432,820.17
	 Sep 29 2018
	  	27	  	 	  	2,299,255.68	  	2,299,255.68	  	0	  	81,432,820.17
	 Mar 29 2019
	  	28	  	 	  	32,636,037.76	  	2,299,255.68	  	30,336,782.08	  	51,096,038.08
	 Sep 29 2019
	  	29	  	 	  	1,442,696.64	  	1,442,696.64	  	0	  	51,096,038.08
	 Mar 29 2020
	  	30	  	 	  	33,696,309.56	  	1,442,696.64	  	32,253,612.93	  	18,842,425.16
	 Sep 29 2020
	  	31	  	 	  	532,015.87	  	532,015.87	  	0	  	18,842,425.16
	 Mar 29 2021
	  	32	  	 	  	19,374,441.03	  	532,015.87	  	18,842,425.16	  	0
	 	  	 	  	
	  	
	  	
	  	
	  	 
	 Totals
	  	 	  	320,000,000.00	  	500,704,000.00	  	180,704,000.00	  	320,000,000.00	  	 

  

 Schedule 1-17 

 SCHEDULE 2 
  

LITIGATION 
  
 None, except as described in the Annual Report of Lessee for fiscal year ended December 31, 2004 filed with the Commission on Form 10-K, including the
documents incorporated therein by reference. 
  

 Schedule 2-1 

 SCHEDULE 3 
  

DEFAULTS 
  
 None 
  

 Schedule 3-1 

 SCHEDULE 8B 
  

ADDITIONAL FILINGS AND RECORDINGS KANSAS 
  

					
	 Document

	  	 Filing or Recording

	 	  	 Linn County

	  	 Secretary of State

	 Amendment No. 4 to Lease Agreement
	  	File for Record	  	 
			
	 Amendment No. 1 to Sublease
	  	File for Record	  	 
			
	 Amendment No. 1 to Ground Lease
	  	File for Record	  	 
			
	 Second Supplemental Indenture
	  	File for Record	  	 
			
	 	  	 UCC-1 financing statement (fixture
 filing) to be filed
in Linn County
	  	UCC-3 financing statement, amending the UCC-1 financing statement filed with the Secretary of State of the State of Kansas

  
 OHIO 

 
 Filing 
  
 Secretary of State 
  
 (a) UCC-1 financing statement*, naming the original settlor U.S. West Financial Services, Inc. (as predecessor in interest to Comcast MO Financial
Services, Inc.) as the debtor and Bankers Trust Company (as predecessor in interest to Deutsche Bank Trust Company Americas), as Indenture Trustee, as the secured party. 
  
 (b) UCC-3 financing statement*, amending the UCC-1 financing statement referred to in (a) above by adding a trust named
“Kansas Gas and Electric Company” as an additional debtor. 
  

 Schedule 8B-1 

 (c) UCC-3 financing statement, further amending the UCC-1 financing statement referred to in (a) above,
as amended by UCC-3 financing statement referred to in (b) above, by substituting “La Cygne Unit 2 Assets Trust” for U.S. West Financial Services, Inc. and Kansas Gas and Electric Company as the debtor and substituting Deutsche Bank Trust
Company Americas, as Indenture Trustee, for Bankers Trust Company, as Indenture Trustee, as the secured party. 
  
 (d) UCC-1 financing statement, naming the La Cygne Unit 2 Assets Trust as the debtor, U.S. Bank National Association, as Owner Trustee, as an additional
debtor, and Deutsche Bank Trust Company Americas, as Indenture Trustee, as the secured party. 
  

	*	Already filed for the record 

  

 Schedule 8B-2 

 SCHEDULE 10 
  

			
	 	  	 ADDRESSES FOR NOTICES

	 OWNER PARTICIPANT:
	  	 Comcast MO Financial Services, Inc.
 c/o Comcast
Corporation
 1500 Market Street
 Philadelphia, PA
19102
 Attention: General Counsel

		
	 OWNER TRUSTEE:
	  	 U.S. Bank National Association
 225 Asylum Street,
23rd Floor
 Hartford, CT
06103
 Attention: Corporate Trust Services

		
	 INDENTURE TRUSTEE:
	  	 Deutsche Bank Trust Company Americas
 60 Wall Street,
27th Floor
 New York, NY
10005
 Attention: Head of Global Debt
 Services/Trust and
Securities Services

		
	 LESSEE:
	  	 Kansas Gas and Electric Company
 c/o Westar Energy,
Inc.
 818 Kansas Avenue
 Topeka, Kansas 66612 Attention:
Secretary and General Counsel

  

 Schedule 10-1 

 Exhibit A 
  

Lease Supplement 
  

 Exhibit A-1 

 Exhibit B 
  

Second Supplemental Indenture 
  

 Exhibit B-1 

 Exhibit C 
  

Opinions 
  

 Exhibit C-1

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