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<SEC-DOCUMENT>0001299933-07-000683.txt : 20070206
<SEC-HEADER>0001299933-07-000683.hdr.sgml : 20070206
<ACCEPTANCE-DATETIME>20070206085629
ACCESSION NUMBER:		0001299933-07-000683
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070203
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070206
DATE AS OF CHANGE:		20070206

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CMS ENERGY CORP
		CENTRAL INDEX KEY:			0000811156
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				382726431
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09513
		FILM NUMBER:		07582614

	BUSINESS ADDRESS:	
		STREET 1:		ONE ENERGY PLAZA
		CITY:			JACKSON
		STATE:			MI
		ZIP:			49201
		BUSINESS PHONE:		5177881031

	MAIL ADDRESS:	
		STREET 1:		ONE ENERGY PLAZA
		CITY:			JACKSON
		STATE:			MI
		ZIP:			49201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSUMERS ENERGY CO
		CENTRAL INDEX KEY:			0000201533
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				380442310
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05611
		FILM NUMBER:		07582615

	BUSINESS ADDRESS:	
		STREET 1:		ONE ENERGY PLAZA
		CITY:			JACKSON
		STATE:			MI
		ZIP:			49201
		BUSINESS PHONE:		5177881031

	MAIL ADDRESS:	
		STREET 1:		ONE ENERGY PLAZA
		CITY:			JACKSON
		STATE:			MI
		ZIP:			49201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONSUMERS POWER CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_17982.htm
<DESCRIPTION>LIVE FILING
<TEXT>
<!-- CoverPageHeader start -->
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
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<TITLE> CMS Energy Corporation (Form: 8-K) </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">
<A NAME="DOCUMENT_TOP">&nbsp;</A>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
</FONT>
<BR>
<FONT SIZE="2">
	WASHINGTON, D.C. 20549
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="5">
	FORM 8-K
</FONT>
<FONT SIZE="2">

</FONT>
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<P ALIGN="CENTER">
<FONT SIZE="3">
	CURRENT REPORT
</FONT>
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<P ALIGN="CENTER">
<FONT SIZE="2">
	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	February 3, 2007
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<FONT SIZE="6">
	CMS Energy Corporation
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
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	&nbsp;
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	Michigan
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<FONT SIZE="2">
	001-09513
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	38-2726431
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<FONT SIZE="2">
_____________________<BR>
	(State or other jurisdiction
</FONT>
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<FONT SIZE="2">
_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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<FONT SIZE="2">
	of incorporation)
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	File Number)
</FONT>
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Identification No.)
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	&nbsp;&nbsp;
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	&nbsp;
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	&nbsp;
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<FONT SIZE="2">
	One Energy Plaza, Jackson, Michigan
</FONT>
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	49201
</FONT>
</TD>
</TR>
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_________________________________<BR>
	(Address of principal executive offices)
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<FONT SIZE="2">
	&nbsp;
</FONT>
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
___________<BR>
	(Zip Code)
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">

<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
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<TD WIDTH="5%">
	&nbsp;
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	&nbsp;
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<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Registrant&#146;s telephone number, including area code:
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	517-788-0550
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><!-- CoverPageRegistrant START -->
<P ALIGN="CENTER"><!-- -->
<FONT SIZE="6">
	Consumers Energy Company
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
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	&nbsp;
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<FONT SIZE="2">
	Michigan
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	001-05611
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	38-0442310
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________________<BR>
	(State or other jurisdiction
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________<BR>
	(Commission
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
______________<BR>
	(I.R.S. Employer
</FONT>
</TD>
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	of incorporation)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	File Number)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Identification No.)
</FONT>
</TD>
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<TR VALIGN="BOTTOM">
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<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
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<FONT SIZE="2">
	&nbsp;
</FONT>
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	One Energy Plaza, Jackson, Michigan
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	49201
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_________________________________<BR>
	(Address of principal executive offices)
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<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
___________<BR>
	(Zip Code)
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">

<TR VALIGN="BOTTOM">
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	&nbsp;
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	&nbsp;
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<FONT SIZE="2">
	Registrant&#146;s telephone number, including area code:
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	517-788-0550
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<P ALIGN="CENTER">
<FONT SIZE="2">
	n/a
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
</P></FONT><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 1.01 Entry into a Material Definitive Agreement.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
On February 6, 2007 CMS Energy Corporation ("CMS Energy") announced that CMS Enterprises Company ("Seller"), its wholly owned subsidiary, entered into an Agreement of Purchase and Sale, dated as of February 3, 2007 (the "Agreement") with the Abu Dhabi National Energy Company PJSC ("Buyer").  Pursuant to the Agreement  Seller will sell CMS Generation Co. ("CMS Generation") its wholly owned subsidiary, which, following an internal reorganization will hold an indirect interest  in certain independent power and water projects and plant operations and maintenance companies located in the United Arab Emirates, Morocco, Saudi Arabia, Ghana and India.  The purchase price is approximately $900 million which includes the assumption of nearly $104 million in debt.  A CMS Energy-issued News Release dated February 6, 2007, which is attached as Exhibit 99.1and incorporated by reference, contains additional information with respect to the transaction.<br><br>CMS Energy and Buyer's majority owner, the Abu Dhabi Water and El
ectricity Authority ("ADWEA"), are long-time partners.  In conjunction with ADWEA, CMS Generation (in the case of one project, in conjunction with International Power Plc) developed, constructed, and operates two major independent power and water projects in the United Arab Emirates.  Those facilities, Al Taweelah A2 and Shuweihat S1, are part of the sale.  The other businesses included in the sale are CMS Energy&#x2019;s interests in the Jorf Lasfar Energy Company in Morocco, the Jubail Energy Company in Saudi Arabia, the Takoradi International Company in Ghana, and the ST CMS Company plant in Neyveli, India.  The sale does not include CMS Energy&#x2019;s non-utility North American electric generating plants.<br><br>The sale is subject to the satisfaction or waiver of certain conditions to closing including, without limitation, (i) the receipt of all necessary governmental, lender and partner approvals, (ii) the making of all necessary governmental filings, and (iii) either receipt of consents relating to, 
or the prepayment by TAQA of  debt obligations pertaining to the Jorf Lasfar project in Morocco.<br><br>The Agreement may be terminated under certain customary circumstances, including (i) by mutual consent, (ii) by either Buyer or Seller if the closing has not occurred by May 31, 2007 provided that if the closing does not occur by May 31, 2007 the term of the Agreement shall automatically extend until June 30, 2007, and (iii) by Buyer or Seller if any of the mutual conditions to the closing have become permanently incapable of fulfillment and shall not have been waived in writing by the other party.<br><br>The Agreement includes a post-closing indemnity pursuant to  which Seller and Buyer shall indemnify each other for damages arising from breaches of representations and warranties and, in the case of Seller, certain other scheduled matters.  The survival period is generally 24 months from the date of the Agreement, however representations and warranties with respect to environmental and tax matters survive
 for three years and 30 days following the applicable statute of limitations, respectively.  The Agreement also provides for certain indemnity baskets and minimum claim thresholds. <br><br>The closing of the transaction is expected to occur by the end of May  2007.  However, CMS Energy cannot predict with certainty whether or when the closing conditions will be satisfied or whether or when this transaction will be consummated.<br><br>The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by the provisions of the Agreement which is attached hereto as Exhibit 99.2 and incorporated by reference herein.<br><br>
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
The Compensation Committee of the CMS Energy Board of Directors has approved, effective February 3, 2007, the possible payment of incentive amounts to CMS Energy named executive officer Thomas W. Elward who is President and Chief Operating Officer of CMS Enterprises.  These potential payments are in connection with the transactions contemplated by the Agreement (the "Generation Sale") and the divestiture of CMS Energy&#x2019;s Latin American assets (the "Latin American Sale") as announced on February 1, 2007.  Under the terms of the arrangement, Mr. Elward will receive $413,000 which represents one year of base salary, if the total sale proceeds from the Generation Sale and the Latin American Sale reach a pre-established threshold amount. In addition, Mr. Elward will receive 1% of his base salary for each additional $1 million received above the pre-established threshold amount.  Upon the closing of the Generation Sale Mr. Elward would receive 50% of his base salary or $206,500.  The remaining 50% would be p
aid if the Latin American Sale proceeds are above the threshold and are received on or before June 30, 2008.  In the event Mr. Elward is terminated prior to June 30, 2008 and prior to the completion of the Latin American Sale, he would be entitled to receive the remaining 50% of his base salary.
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
(c) Exhibits.<br><br>99.1	CMS Energy Corporation News Release dated February 6, 2007<br>99.2	Agreement of Purchase and Sale, by and between CMS Enterprises Company and Abu 	Dhabi National Energy Company PJSC dated as of February 3, 2007 <br><br><br>
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><P ALIGN="LEFT" STYLE="FONT-SIZE: 10PT">This Form 8-K contains &#x201C;forward-looking statements&#x201D; as defined in Rule 3b-6 of the Securities Exchange Act of 1934, as amended, Rule 175 of the Securities Act of 1933, as amended, and relevant legal decisions. The forward-looking statements should be read in conjunction with &#x201C;FORWARD-LOOKING STATEMENTS AND INFORMATION&#x201D; and &#x201C;RISK FACTORS&#x201D; each found in the MANAGEMENT&#x2019;S DISCUSSION AND ANALYSIS sections of CMS Energy&#x2019;s and Consumers Energy Company&#x2019;s (&#x201C;Consumers&#x201D;)  Forms 10-K/A for the Year Ended December 31, 2005 and as updated in CMS Energy&#x2019;s and Consumers&#x2019; Forms 10-Q for the Quarter Ended September 30, 2006 (all such &#x201C;FORWARD-LOOKING STATEMENTS AND INFORMATION&#x201D; and &#x201C;RISK FACTORS&#x201D; sections are incorporated herein by reference), that discuss important factors that could cause CMS Energy&#x2019;s and Consumers&#x2019; results to differ mate
rially from those anticipated in such statements.  Because such forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: factors relating to satisfaction of the conditions to closing the transaction, including regulatory approvals and third party approvals; general market perception of the transaction; prevailing market conditions; changes in economic and financial conditions of CMS Energy&#x2019;s and Consumers&#x2019; business; uncertainties and matters beyond the control of management; and the other risks detailed in the periodic filings filed by CMS Energy or Consumers with the Securities and Exchange Commission. Neither CMS Energy nor Consumers undertakes any obligation to update these statements for revisions or changes after the date of this release.</P><!-- PageBreak START -->
<P>
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<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
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<P ALIGN="CENTER">
<FONT SIZE="2">
<B>
	SIGNATURES
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
</FONT>
</P>
<!-- SignatureHeader END --><!-- Signature START -->
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
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	&nbsp;
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	&nbsp;
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	&nbsp;
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	&nbsp;
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<FONT SIZE="2">
	CMS Energy Corporation
</FONT>
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	&nbsp;&nbsp;
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	&nbsp;
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	&nbsp;
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<I>
	February 6, 2007
</I>
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	&nbsp;
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<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
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<FONT SIZE="2">
<I>
	Thomas J. Webb
</I>
<BR>
</FONT>
</TD>
</TR>
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<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
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</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Name: Thomas J. Webb
</I>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Title: Executive Vice President  and Chief Financial Officer
</I>
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<!-- Signature END --><!-- Signature START -->
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="19%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="3%">
	&nbsp;
</TD>
<TD WIDTH="1%">
	&nbsp;
</TD>
<TD WIDTH="43%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD COLSPAN="3" VALIGN="TOP" ALIGN="LEFT">
<FONT SIZE="2">
	Consumers Energy Company
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
<I>
	February 6, 2007
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Thomas J. Webb
</I>
<BR>
</FONT>
</TD>
</TR>
<TR>
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<HR SIZE="1" NOSHADE>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Name: Thomas J. Webb
</I>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Title: Executive Vice President and Chief Financial Officer
</I>
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<!-- Signature END --><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><P ALIGN="CENTER">
<FONT SIZE="2">
	Exhibit&nbsp;Index
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="60%">
<TR VALIGN="BOTTOM">
<TD WIDTH="8%">
	&nbsp;
</TD>
<TD WIDTH="15%">
	&nbsp;
</TD>
<TD WIDTH="77%">
	&nbsp;
</TD>
</TR>

<BR>
<TR VALIGN="BOTTOM">
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Exhibit No.
</B>
</FONT>
</TD>
<TD>
<FONT SIZE="1">
	&nbsp;
</FONT>
</TD>
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Description
</B>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD NOWRAP ALIGN="CENTER">
<HR SIZE="1" NOSHADE>
</TD>
<TD>
<FONT SIZE="1">
	&nbsp;
</FONT>
</TD>
<TD NOWRAP ALIGN="CENTER">
<HR ALIGN="LEFT" SIZE="1" WIDTH="88%" NOSHADE>
</TD>
</TR>





<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" WIDTH="8%" nowrap>
<FONT SIZE="2">
<DIV ALIGN="LEFT">
	99.1
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
CMS Energy Corporation News Release dated February 6, 2007
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" WIDTH="8%" nowrap>
<FONT SIZE="2">
<DIV ALIGN="LEFT">
	99.2
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Agreement of Purchase and Sale, by and between CMS Enterprises Company and Abu 	Dhabi National Energy Company PJSC dated as of February 3, 2007
</FONT>
</TD>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-99.1 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="right" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>Exhibit&nbsp;99.1</B></FONT>




<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 5%"><FONT style="font-size: 10pt">
</FONT>

<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>CMS ENERGY ANNOUNCES SALE OF OWNERSHIP INTERESTS<BR>
IN BUSINESSES IN THE MIDDLE EAST, AFRICA, AND INDIA</B></FONT>



<P align="left" style="font-size: 12pt; text-indent: 6%">JACKSON, Mich., Feb. 6, 2007 &#150; CMS Energy is selling its ownership interests in businesses in
the Middle East, Africa, and India, accelerating its financial recovery and allowing an increased
focus on investments in its Michigan utility, Consumers Energy, the Company announced today.


<P align="left" style="font-size: 12pt; text-indent: 6%">CMS Energy said it has reached an agreement to sell its subsidiary, CMS Generation Company, to
the Abu Dhabi National Energy Company (TAQA)&nbsp;for $900&nbsp;million. Subject to necessary consents, CMS
Energy expects to close the sale in the middle of 2007. Proceeds from the sale will be used to
retire part of CMS Energy&#146;s parent company debt and for general corporate purposes, including
investments in Consumers Energy.


<P align="left" style="font-size: 12pt; text-indent: 6%">CMS Generation and TAQA&#146;s majority owner, the Abu Dhabi Water and Electricity Authority
(ADWEA), are long-time partners. CMS Generation, in conjunction with ADWEA, developed,
constructed, and operates the Al Taweelah A2 facility and in conjunction with ADWEA and
International Power developed, constructed, and operates the Shuweihat S1 facility. The two major
power and desalination projects in the United Arab Emirates are part of the sale.


<P align="left" style="font-size: 12pt; text-indent: 6%">The other businesses included in the sale are CMS Energy&#146;s ownership interests in the Jorf
Lasfar Energy Company in Morocco, the Jubail Energy Company in the Kingdom of Saudi Arabia, the
Takoradi International Company in Ghana, and the ST CMS Company in Neyveli, India. The sale
doesn&#146;t include the company&#146;s non-utility North American electric generating plants.


<P align="left" style="font-size: 12pt; text-indent: 6%">&#147;This sale will accelerate our financial recovery by strengthening our balance sheet and
credit ratios,&#148; said David Joos, CMS Energy&#146;s president and chief executive officer. &#147;Although in
the short run we will lose the earnings from the businesses sold, debt reduction and increased
investment in the utility will support future earnings growth and improve reliability and service
for Consumers Energy customers.&#148;


<P align="left" style="font-size: 12pt; text-indent: 6%">JPMorgan provided CMS Energy with strategic advice regarding this transaction.


<P align="left" style="font-size: 12pt; text-indent: 6%">Joos and CMS Energy&#146;s chief financial officer, Tom Webb, will discuss the sale of the
company&#146;s ownership interests in the Middle East, Africa, and India businesses and its increased
focus on investing in Consumers Energy in a webcast presentation at 11 a.m. EST today.


<P align="left" style="font-size: 12pt; text-indent: 6%">The presentation will be available on CMS Energy&#146;s website, <U>www.cmsenergy.com </U>in the
&#147;Invest in CMS&#148; webcast section. An audio replay will be available about two hours after the
webcast, and will be archived for 30&nbsp;days on CMS Energy&#146;s website.


<P align="left" style="font-size: 12pt; text-indent: 6%">Consumers Energy provides natural gas and electricity to nearly 6.5&nbsp;million of Michigan&#146;s 10
million residents.


<P align="left" style="font-size: 12pt; text-indent: 6%">CMS Energy (NYSE: CMS) is a Michigan-based company that has as its primary business
operations an electric and natural gas utility, natural gas pipeline systems, and independent power
generation.


<P align="center" style="font-size: 12pt"># # #



<P align="left" style="font-size: 12pt">This news release contains &#147;forward-looking statements&#148; as defined in Rule&nbsp;3b-6 of the Securities
Exchange Act of 1934, as amended, Rule&nbsp;175 of the Securities Act of 1933, as amended, and relevant
legal decisions. The forward-looking statements should be read in conjunction with &#147;FORWARD-LOOKING
STATEMENTS AND INFORMATION&#148; and &#147;RISK FACTORS&#148; each found in the MANAGEMENT&#146;S DISCUSSION AND
ANALYSIS sections of CMS Energy&#146;s and Consumers Energy Company&#146;s (&#147;Consumers&#148;) Forms 10-K/A for
the Year Ended December&nbsp;31, 2005 and as updated in CMS Energy&#146;s and Consumers&#146; Forms 10-Q for the
Quarter Ended September&nbsp;30, 2006 (all such &#147;FORWARD-LOOKING STATEMENTS AND INFORMATION&#148; and &#147;RISK
FACTORS&#148; sections are incorporated herein by reference), that discuss important factors that could
cause CMS Energy&#146;s and Consumers&#146; results to differ materially from those anticipated in such
statements. Because such forward-looking statements inherently involve risks and uncertainties,
actual future results may differ materially from those expressed or implied by such forward-looking
statements. Factors that could cause or contribute to such differences include, but are not limited
to: factors relating to satisfaction of the conditions to closing the transaction, including
regulatory approvals and third party approvals; general market perception of the transaction;
prevailing market conditions; changes in economic and financial conditions of CMS Energy&#146;s and
Consumers&#146; business; uncertainties and matters beyond the control of management; and the other
risks detailed in the periodic filings filed by CMS Energy or Consumers with the Securities and
Exchange Commission. Neither CMS Energy nor Consumers undertakes any obligation to update these
statements for revisions or changes after the date of this release.


<P align="left" style="font-size: 12pt"><I>For more information on CMS Energy, please visit our web site at: www.cmsenergy.com</I>


<P align="left" style="font-size: 12pt"><I>Media Contacts: Jeff Holyfield, 517/788-2394 or Dan Bishop, 517/788-2395</I>


<P align="left" style="font-size: 12pt"><I>Investment Analyst Contact: CMS Energy Investor Relations, 517/788-2590</I>



<P align="center" style="font-size: 10pt; display: none">


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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exhibit2.htm
<DESCRIPTION>EX-99.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-99.2 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="right" style="font-size: 10pt"><FONT style="font-size: 12pt">EXHBIT 99.2</FONT>



<P align="right" style="font-size: 12pt"><B>EXECUTION VERSION</B>



<P align="center" style="font-size: 12pt"><B>AGREEMENT OF PURCHASE AND SALE</B>



<P align="center" style="font-size: 12pt"><B>by and between</B>



<P align="center" style="font-size: 12pt"><B>CMS ENTERPRISES COMPANY,</B>



<P align="center" style="font-size: 12pt"><B>as Seller</B>



<P align="center" style="font-size: 12pt"><B>and</B>



<P align="center" style="font-size: 12pt"><B>ABU DHABI NATIONAL ENERGY COMPANY PJSC,</B>



<P align="center" style="font-size: 12pt"><B>as Buyer</B>



<P align="center" style="font-size: 12pt"><B>dated as of</B>



<P align="center" style="font-size: 12pt"><B>February&nbsp;3, 2007</B>



<P align="center" style="font-size: 10pt; display: none">1
<!-- PAGEBREAK -->

<P align="center" style="font-size: 12pt"><B>TABLE OF CONTENTS</B>



<P align="right" style="font-size: 12pt"><U>Page</U>



<P align="center" style="font-size: 12pt">ARTICLE I DEFINITIONS; INTERPRETATIONS



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;1.1 Specific Definitions</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;1.2 Interpretation</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 12pt">ARTICLE II SALE AND PURCHASE



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;2.1 Agreement to Sell and Purchase</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;2.2 Time and Place of Closing</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 12pt">ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLER



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.1 Corporate Organization; Qualification</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.2 Authority Relative to this Agreement</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.3 Generation Interests</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.4 Consents and Approvals</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.5 No Conflict or Violation</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.6 Contracts</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.7 Compliance with Law</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.8 Permits</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.9 Litigation</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.10 Employee Matters</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.11 Labor Relations</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.12 Intellectual Property</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.13 Environmental Matters</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.14 Tax Matters</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.15 Insurance</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.16 Regulatory Matters</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.17 Financial Statements</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.18 Absence of Certain Changes or Events</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.19 Absence of Undisclosed Liabilities</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.20 Brokerage and Finders&#146; Fees</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.21 Affiliated Transactions</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.22 No Insolvency</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;3.23 No Other Representations or Warranties</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 12pt">ARTICLE IV REPRESENTATIONS AND WARRANTIES OF BUYER



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;4.1 Corporate Organization; Qualification</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;4.2 Authority Relative to this Agreement</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;4.3 Consents and Approvals</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;4.4 No Conflict or Violation</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;4.5 Litigation</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;4.6 Availability of Funds</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;4.7 Brokerage and Finders&#146; Fees</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;4.8 Investment Representations</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;4.9 Regulation&nbsp;Matters</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;4.10 No Other Representations or Warranties</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 12pt">ARTICLE V COVENANTS OF THE PARTIES



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.1 Conduct of Business</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.2 Access to Properties and Records</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.3 Consents and Approvals</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.4 Certain Subsidiary Level Debt</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.5 Further Assurances</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.6 Employee Matters</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.7 Tax Covenants</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.8 Intercompany Accounts</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.9 Maintenance of Insurance Policies</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.10 Preservation of Records</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.11 Public Statements</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.12 Certain Transactions</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.13 Use of Corporate Name; Transitional Use of Seller&#146;s Name</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.14 Release of Guarantees</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.15 Reorganization</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.16 Merger and Redomiciliation</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.17 CGIC Loan Agreement</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.18 Assignment of Contracts</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;5.19 Financial Statements</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 12pt">ARTICLE VI CONDITIONS



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;6.1 Mutual Conditions to the Closing</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;6.2 Buyer&#146;s Conditions to the Closing</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;6.3 Seller&#146;s Conditions to the Closing</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 12pt">ARTICLE VII TERMINATION AND ABANDONMENT



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;7.1 Termination</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;7.2 Procedure and Effect of Termination</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 12pt">ARTICLE VIII SURVIVAL; INDEMNIFICATION



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;8.1 Survival</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;8.2 Indemnification</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;8.3 Calculation of Damages</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;8.4 Procedures for Third-Party Claims</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;8.5 Procedures for Inter-Party Claims</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;8.6 Additional Procedures for Claims Made Pursuant to Section&nbsp;8.2(a)(v)</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 12pt">ARTICLE IX MISCELLANEOUS PROVISIONS



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.1 Disclosure Letters</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.2 Payments</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.3 Expenses</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.4 Choice of Law</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.5 Assignment</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.6 Notices</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.7 Resolution of Disputes</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.8 Language</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.9 No Right of Setoff</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.10 Time is of the Essence</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.11 Limitation on Liability</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.12 Entire Agreement</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.13 Binding Nature; Third Party Beneficiaries</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.14 Counterparts</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.15 Severability</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.16 Headings</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.17 Waiver</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Section&nbsp;9.18 Amendment</TD>
    <TD width="3%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt"><U><B>EXHIBITS</B></U>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>A<BR>
B<BR>
C<BR>
D<BR>
E<BR>
F<BR>
G</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Buyer Access and Support Agreement<BR>
License Agreement<BR>
Transition Services Agreement<BR>
CGIC Term Sheet<BR>
Seller&#146;s Certificate<BR>
Buyer&#146;s Certificate<BR>
JLEC Term Sheet</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt"><b>H Seller Access and Support Agreement
<P align="center" style="font-size: 10pt; display: none">2
<!-- PAGEBREAK -->



<P align="center" style="font-size: 12pt"><B>INDEX OF DEFINED TERMS</B>



<P align="center" style="font-size: 10pt; display: none">3
<!-- PAGEBREAK -->


<P align="center" style="font-size: 12pt"><B>AGREEMENT OF PURCHASE AND SALE</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">This AGREEMENT OF PURCHASE AND SALE (the &#147;<U>Agreement</U>&#148;), dated as of February&nbsp;3, 2007,
is made and entered into by and between CMS Enterprises Company, a Michigan corporation
(&#147;<U>Seller</U>&#148;) and Abu Dhabi National Energy Company PJSC, a United Arab Emirates public joint
stock company (&#147;<U>Buyer</U>&#148;).


<P align="center" style="font-size: 12pt"><B>W I T N E S S E T H:</B>



<P align="left" style="font-size: 12pt; text-indent: 4%"><B>WHEREAS</B>, CMS Generation Co., a Michigan corporation and wholly owned, direct subsidiary of
Seller (&#147;<U>Generation</U>&#148;), itself and through its subsidiaries and various equity investments,
is engaged in domestic and international independent power production;


<P align="left" style="font-size: 12pt; text-indent: 4%"><B>WHEREAS</B>, prior to the Closing, Seller shall cause the reorganization pursuant to Section&nbsp;5.15
to be completed (the &#147;<U>Reorganization</U>&#148;);


<P align="left" style="font-size: 12pt; text-indent: 4%"><B>WHEREAS</B>, following the Reorganization, Generation will directly or indirectly hold ownership
interests in energy projects located in Morocco, Saudi Arabia, India, Ghana and the United Arab
Emirates;


<P align="left" style="font-size: 12pt; text-indent: 4%"><B>WHEREAS</B>, prior to the Closing, Seller shall (a)&nbsp;cause Generation to be merged by operation of
law into a Delaware limited liability company in accordance with Section&nbsp;5.16 (the
"<U>Merger</U>&#148;) and (b)&nbsp;use its reasonable best efforts, following the Merger, to cause
Generation to be redomiciled in the Cayman Islands (the &#147;<U>Redomiciliation</U>&#148;);


<P align="left" style="font-size: 12pt; text-indent: 4%"><B>WHEREAS</B>, following the Merger, Seller will own all of the issued and outstanding limited
liability interests of Generation (the &#147;<U>Generation Interests</U>&#148;) and all assets held directly
or indirectly by Generation;


<P align="left" style="font-size: 12pt; text-indent: 4%"><B>WHEREAS</B>, Buyer desires to purchase, and Seller desires to sell to Buyer, the Generation
Interests, upon the terms and subject to the conditions set forth herein;


<P align="left" style="font-size: 12pt; text-indent: 4%"><B>WHEREAS</B>, pursuant to a guarantee agreement, CMS Energy Corporation, the parent corporation of
Seller (&#147;<U>Energy</U>&#148;), has agreed to guarantee Seller&#146;s obligations under this Agreement (the
"<U>Energy Guarantee</U>&#148;); and


<P align="left" style="font-size: 12pt; text-indent: 4%"><B>WHEREAS</B>, in connection with the transaction contemplated by this Agreement, Buyer and Seller
are entering into an agreement, dated as of the date hereof, in respect of certain third party
consents and refinancing matters (the &#147;<U>Consent and Support Agreement</U>&#148;);


<P align="left" style="font-size: 12pt; text-indent: 4%"><B>NOW, THEREFORE</B>, in consideration of the foregoing, the representations, warranties, covenants
and agreements set forth in this Agreement, and other good and valuable consideration, the adequacy
and receipt of which are hereby acknowledged, the parties hereby agree as follows:


<P align="center" style="font-size: 12pt">ARTICLE I



<P align="center" style="font-size: 12pt">DEFINITIONS; INTERPRETATIONS



<P align="left" style="font-size: 12pt">Section&nbsp;1.1 <U>Specific Definitions</U>. For purposes of this Agreement, the following terms shall
have the meanings set forth below:

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="27%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="68%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Action&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any administrative, regulatory, judicial or<BR>
other formal proceeding, action, Claim, suit,<BR>
investigation or inquiry by or before any Governmental<BR>
Authority, arbitrator or mediator.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Affiliate&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall have the meaning set forth in Rule&nbsp;12b-2 of the<BR>
General Rules and Regulations under the Exchange Act.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Applicable Law&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any statute, treaty, code, law, ordinance,<BR>
executive order, rule or regulation (including a<BR>
regulation that has been formally promulgated in a<BR>
rule-making proceeding but, pending final adoption, is in<BR>
proposed or temporary form having the force of law);<BR>
guideline or notice having the force of law; or approval,<BR>
permit, license, franchise, judgment, order, decree,<BR>
injunction or writ of any Governmental Authority<BR>
applicable to a specified Person or specified property, as<BR>
in effect from time to time.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Business Day&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any day that is not a Saturday, Sunday or other<BR>
day on which banks are required or authorized by law to be<BR>
closed in the City of New York.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Buyer Access and<BR>
Support Agreement&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the access and support agreement to be entered<BR>
into on the Closing Date between Seller and Buyer,<BR>
substantially in the form of the agreement attached hereto<BR>
as Exhibit&nbsp;A.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;CGIC Loan Agreement&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the loan agreement between Buyer or an<BR>
Affiliate thereof and CMS Generation Investment Company<BR>
IV, together with the related guarantee (which shall be<BR>
released at Closing) in respect of all obligations of CMS<BR>
Generation Investment Company IV&#146;s obligations thereunder<BR>
from CMS Energy Corporation, which agreement shall be<BR>
entered into prior to the Closing Date, substantially on<BR>
the terms set forth in Exhibit&nbsp;D.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Claims&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any and all claims, lawsuits, demands, causes<BR>
of action, investigations and other proceedings (whether<BR>
or not before a Governmental Authority).</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Code&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the Internal Revenue Code of 1986, as amended.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Jorf Common Agreement&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the common agreement, dated as of September&nbsp;4,<BR>
1997, among Jorf and various lenders and their agents<BR>
party thereto.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Competition Laws&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean applicable U.S. state and federal and foreign<BR>
antitrust or competition laws and regulations.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Confidentiality<BR>
Agreement&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the confidentiality agreement entered into by<BR>
and between Buyer and Seller, dated June&nbsp;19, 2006.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Contract&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any contract, indenture, note, bond, loan,<BR>
license, guarantee or other binding instrument or<BR>
agreement.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Damages&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean out-of-pocket judgments, settlements, fines,<BR>
penalties, damages, Liabilities, losses, Taxes or<BR>
deficiencies, costs and expenses, including reasonable<BR>
attorney&#146;s fees, court costs, expenses of arbitration or<BR>
mediation, and other out-of-pocket expenses incurred in<BR>
investigating or preparing the foregoing; provided,<BR>
however, that &#147;Damages&#148; shall not include incidental,<BR>
indirect or consequential damages, damages for lost<BR>
profits or other special, punitive or exemplary damages.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean, in relation to Generation or any Material<BR>
Subsidiary:</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Distribution&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(i) any dividend, distribution, repayment or repurchase of<BR>
share capital or other return of capital to such Person&#146;s<BR>
shareholders or equivalent holders of its ownership<BR>
interests;<BR>
(ii)&nbsp;any repayment of any loan owed to an Affiliate of<BR>
such Person;<BR>
(iii)&nbsp;any loan made to an Affiliate of such Person, in<BR>
each case, other than Generation or any Material<BR>
Subsidiary,<BR>
in each case, other than to Generation or any Material<BR>
Subsidiaries.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Environmental Laws&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean all Applicable Laws in effect and existence as<BR>
of the Closing Date where Generation and the Material<BR>
Subsidiaries currently operate relating to pollution or<BR>
protection of human health or the environment, natural<BR>
resources or safety and health, including laws relating to<BR>
releases or threatened releases of Hazardous Substances<BR>
into the environment (including ambient air, surface<BR>
water, groundwater, land, surface and subsurface strata).</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Environmental Permit&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any Permit, formal exemption, identification<BR>
number or other authorization issued by a Governmental<BR>
Authority pursuant to an applicable Environmental Law.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;ERISA&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the Employee Retirement Income Security Act of<BR>
1974, as amended, and the regulations promulgated<BR>
thereunder.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Exchange Act&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the Securities Exchange Act of 1934, as amended.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;FERC&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the United States Federal Energy Regulatory<BR>
Commission.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;FPA&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the Federal Power Act, as amended.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;GAAP&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean generally accepted accounting principles<BR>
applicable to the relevant entity, as in effect from time<BR>
to time, applied on a consistent basis provided that, in<BR>
relation to any Person, where that Person publishes<BR>
financial statements in accordance with local generally<BR>
accepted accounting principles and an international set of<BR>
generally accepted accounting principles such as the<BR>
generally accepted accounting principles in the United<BR>
States of America or International Financial Reporting<BR>
Standards, &#147;GAAP&#148; in relation to that Person shall mean<BR>
the international set of generally accepted accounting<BR>
principles.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Generation Non-U.S.<BR>
Subsidiary&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any Generation Subsidiary which is not a<BR>
Generation U.S. Subsidiary.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Generation<BR>
Subsidiaries&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean (a)&nbsp;those entities that are Subsidiaries of<BR>
Generation following the Reorganization, (b)&nbsp;Jorf, (c)<BR>
Jubail and (d)&nbsp;Neyveli.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Generation U.S.<BR>
Subsidiary&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any Generation Subsidiary that is organized or<BR>
created under the laws of the United States or any state<BR>
thereof, including the District of Columbia.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Governmental<BR>
Authority&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any executive, legislative, judicial, tribal,<BR>
regulatory, taxing or administrative agency, body,<BR>
commission, department, board, court, tribunal,<BR>
arbitrating body or authority of the United States or any<BR>
foreign country, or any state, local or other governmental<BR>
subdivision thereof, including regulatory authorities that<BR>
have relevant legal authority over the business,<BR>
operations or assets of Generation and/or the Material<BR>
Subsidiaries.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Hazardous Substances&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any chemicals, materials or substances defined<BR>
as or included in the definition of &#147;hazardous<BR>
substances&#148;, &#147;hazardous wastes&#148;, &#147;hazardous materials&#148;,<BR>
&#147;hazardous constituents&#148;, &#147;restricted hazardous<BR>
materials&#148;, &#147;extremely hazardous substances&#148;, &#147;toxic<BR>
substances&#148;, &#147;contaminants&#148;, &#147;pollutants&#148;, &#147;toxic<BR>
pollutants&#148;, or words of similar meaning and regulatory<BR>
effect under any Applicable Law.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Indebtedness&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean (i)&nbsp;all liabilities and obligations of a Person<BR>
for borrowed money or evidenced by notes, bonds,<BR>
commercial paper or similar instruments; (ii)&nbsp;indebtedness<BR>
under any hedging instrument (including any interest rate<BR>
swap, currency swap, cap, collar, floor, forward or option<BR>
but excluding commodity swaps); (iii)&nbsp;obligations in<BR>
respect of the deferred purchase price of property or<BR>
services (other than in the ordinary course of business<BR>
consistent with past practice) to the extent that such<BR>
amount would be accrued as a liability on a balance sheet<BR>
prepared in accordance with GAAP; (iv)&nbsp;obligations in<BR>
respect of finance or capitalized leases or hire purchase<BR>
contracts, in the amount accrued as a liability on a<BR>
balance sheet prepared in accordance with GAAP; (v)<BR>
receivables sold or discounted (other than any receivables<BR>
sold on a fully non-recourse basis); (vi)&nbsp;any<BR>
counter-indemnity obligation in respect of a guarantee,<BR>
indemnity, bond, standby or other documentary letter of<BR>
credit or any other instrument issued by a bank or<BR>
financial institution; (vii)&nbsp;off-balance sheet<BR>
arrangements (as defined in Item&nbsp;303(a) of Regulation&nbsp;S-K<BR>
of the Securities and Exchange Committee) of a Person that<BR>
would be required to be recorded on the balance sheet of<BR>
such Person by the Sarbanes-Oxley Act of 2002; or (viii)<BR>
the amount of any liability in respect of a guarantee or<BR>
indemnity for any of the items referred to in paragraphs<BR>
(i)&nbsp;to (vii)&nbsp;above.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Intellectual Property&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean all U.S. and foreign (a)&nbsp;patents and patent<BR>
applications, (b)&nbsp;trademarks, service marks, logos,<BR>
slogans, and trade dress, (c)&nbsp;copyrights, (d)&nbsp;software<BR>
(excluding commercial off-the-shelf software) and (e)&nbsp;all<BR>
confidential and proprietary information and know-how.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Jorf&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean Jorf Lasfar Energy Company, SCA.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Jorf Project&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean CMS Enterprises International LLC, CMS<BR>
Enterprises Investment Company I, CMS Generation<BR>
Investment Company IV, CMS Generation Luxembourg S.A.R.L.,<BR>
CMS Generation Investment Company II, CMS Generation<BR>
Netherlands B.V., CMS Generation Jorf Lasfar II Limited<BR>
Duration Company, CMS Generation Jorf Lasfar I Limited<BR>
Duration Company, Jorf Lasfar Power Energy Aktiebolag,<BR>
Jorf Lasfar Energiaktiebolag, Jorf Lasfar Handelsbolag,<BR>
Jorf Lasfar I Handelsbolag, Jorf Lasfar Power Energy<BR>
Handelsbolag and Jorf Lasfar Energy Company, SCA, taken as<BR>
a whole.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Jubail&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean Jubail Energy Company.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Jubail Project&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean CMS Generation Investment Company VII, CMS<BR>
Jubail Investment Company I and Jubail Energy Company,<BR>
taken as a whole.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Knowledge of Buyer&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the knowledge, after due inquiry, of Buyer,<BR>
Shuweihat Power PJSC and Emirates Power PJSC.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Knowledge of Seller&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the actual knowledge of Daniel B. Dexter and<BR>
the following officers of Seller: David W. Joos, Thomas W.<BR>
Elward, Thomas J. Webb, John M. Butler, David G.<BR>
Mengebier, Glenn P. Barba, Carol A. Isles, Thomas L.<BR>
Miller, Laura L. Mountcastle, Catherine M. Reynolds,<BR>
Michael J. Shore, Joseph P. Tomasik and Theodore J. Vogel,<BR>
after having made due inquiry of the Persons set forth in<BR>
Section&nbsp;1.1(i) of the Seller Disclosure Letter with<BR>
respect to the representations and warranties listed next<BR>
to such Persons&#146; name.&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Liabilities&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any and all debts, liabilities, commitments and<BR>
obligations, whether or not fixed, contingent or absolute,<BR>
matured or unmatured, liquidated or unliquidated, accrued<BR>
or unaccrued, known or unknown, whether or not required by<BR>
GAAP to be reflected in financial statements or disclosed<BR>
in the notes thereto.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;License Agreement&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the license agreement to be entered into on the<BR>
Closing Date between Seller and Buyer, substantially in<BR>
the form of the agreement attached hereto as Exhibit&nbsp;B.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Liens&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any mortgage, pledge, lien (statutory or<BR>
otherwise and including, without limitation,<BR>
environmental, ERISA and tax liens), security interest,<BR>
easement, right of way, limitation, encroachment,<BR>
covenant, claim, restriction, right, option, conditional<BR>
sale or other title retention agreement, charge or<BR>
encumbrance of any kind or nature (except for any<BR>
restrictions arising under any applicable securities<BR>
laws).</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean a material adverse effect on (a)&nbsp;the business,<BR>
financial condition or assets of Generation and the<BR>
Material Subsidiaries, taken as a whole or (b)&nbsp;the ability<BR>
of Seller to consummate the transactions contemplated<BR>
hereby, in each case, other than any effect resulting<BR>
from, relating to or arising out of: (i)&nbsp;the negotiation,<BR>
execution, announcement of this Agreement and the<BR>
transactions contemplated hereby, including the impact<BR>
thereof on relationships, contractual or otherwise, with<BR>
customers, suppliers, distributors, partners, joint owners<BR>
or venturers and employees, (ii)&nbsp;the general state of the<BR>
industries in which Generation or the Material<BR>
Subsidiaries operate, to the extent Generation and the<BR>
Material Subsidiaries, taken as a whole are not<BR>
disproportionately affected (including (A)&nbsp;pricing levels,<BR>
(B)&nbsp;changes in the international, national, regional or<BR>
local wholesale or retail markets for fuel sources or<BR>
electricity or (C)&nbsp;rules, regulations or decisions of<BR>
Governmental Authorities, including FERC, or the courts<BR>
affecting the electricity generation industry as a whole,<BR>
or rate orders, motions, complaints or other actions<BR>
affecting Generation or the Material Subsidiaries), (iii)<BR>
any condition described in the Seller Disclosure Letter,<BR>
(iv)&nbsp;general legal, regulatory, political, business,<BR>
economic, capital market and financial market conditions<BR>
(including prevailing interest rate levels and foreign<BR>
exchange rates), or conditions otherwise generally<BR>
affecting the industries in which Generation or the<BR>
Material Subsidiaries operate, to the extent Generation<BR>
and the Material Subsidiaries, taken as a whole are not<BR>
disproportionately affected, (v)&nbsp;any change in law, rule<BR>
or regulation or GAAP or interpretations thereof<BR>
applicable to Generation, the Material Subsidiaries,<BR>
Seller or Buyer, to the extent Generation and the Material<BR>
Subsidiaries, taken as a whole are not disproportionately<BR>
affected, (vi)&nbsp;acts of God, national or international<BR>
political or social conditions, including the engagement<BR>
by any nation or Person in hostilities, whether commenced<BR>
before or after the date hereof, and whether or not<BR>
pursuant to the declaration of a national emergency or<BR>
war, or the occurrence of any military or terrorist<BR>
attack, to the extent Generation and the Material<BR>
Subsidiaries, taken as a whole are not disproportionately<BR>
affected, or (vii)&nbsp;general economic conditions in any of<BR>
the geographic areas in which Generation or the Material</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Subsidiaries operates, to the extent Generation and the<BR>
Material Subsidiaries, taken as a whole are not<BR>
disproportionately affected; provided, that for purposes<BR>
of determining a &#147;Material Adverse Effect&#148;, any effect on<BR>
the business, financial condition or assets of the<BR>
business of any Material Subsidiary shall include only the<BR>
portion of such effect attributable to the ownership<BR>
interest of Generation and its Affiliates and shall<BR>
exclude any portion of such effect attributable to the<BR>
ownership interest of any third party in such Material<BR>
Subsidiary and, provided, further, that for the avoidance<BR>
of doubt, without prejudice to the exclusions set forth in<BR>
paragraphs (i)&nbsp;to (vii) (inclusive)&nbsp;above, which<BR>
exclusions shall apply in all respects, in relation to any<BR>
determination of whether a &#147;Material Adverse Effect&#148; has<BR>
occurred, a Material Adverse Effect shall be deemed to<BR>
have occurred, except for purposes of Section&nbsp;6.2(a), if:</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Material Adverse<BR>
Effect&#148;<BR>
<HR size="1" noshade color="#000000">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(A) any event or circumstance, which individually or in<BR>
the aggregate, has resulted in Generation&#146;s gross<BR>
consolidated billed revenues (calculated in a manner<BR>
consistent with past practice and the best practices of a<BR>
reasonable and prudent operator of a similar business,<BR>
Section&nbsp;1.1(ii) of the Seller Disclosure Letter and<BR>
including any amounts paid as a result of business<BR>
interruption insurance (without double counting)) for the<BR>
period commencing on the date hereof and ending on the<BR>
Closing Date being $50,000,000 (fifty million dollars)<BR>
less than the forecasted revenues for such period as set<BR>
forth in Section&nbsp;1.1(ii) of the Seller Disclosure Letter<BR>
(which calculation, for the avoidance of doubt, shall<BR>
include any&nbsp;such gross consolidated billed revenues for<BR>
such period that are more than such forecasted revenues<BR>
for such period as an&nbsp;offset to such gross consolidated<BR>
billed revenues that are less than such forecasted<BR>
revenues), or<BR>
(B)&nbsp;any event or circumstance that, in the opinion of a<BR>
third party consultant to be mutually agreed upon by the<BR>
parties, will result in a shutdown of a Project for a<BR>
period of six (6)&nbsp;months (for any Project that has more<BR>
than one generating unit) or eight (8)&nbsp;months (for any<BR>
Project that has only one generating unit).</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Material Subsidiaries&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the Generation Subsidiaries, Shuweihat and<BR>
Taweelah.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Neyveli&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean ST-CMS Electric Company Private Limited.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Neyveli Project&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean CMS International Ventures, L.L.C., CMS<BR>
Generation Investment Company III, CMS Generation Neyveli<BR>
Ltd., ST-CMS Electric Company (Mauritius) and ST-CMS<BR>
Electric Company Pvt. Ltd., taken as a whole.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Ownership Percentage&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean, with respect to any Material Subsidiary, the<BR>
percentage of the equity represented by securities or<BR>
ownership interests, or, in the case of a partnership, the<BR>
percentage of the profits and losses of such partnership,<BR>
owned directly or indirectly by Generation as of the<BR>
Closing Date.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Pension Plans&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean all Plans providing pensions, superannuation<BR>
benefits or retirement savings, including pension plans,<BR>
top up pensions or supplemental pensions.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Permitted Liens&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean (a)&nbsp;zoning, planning and building codes and<BR>
other applicable laws regulating the use, development and<BR>
occupancy of real property and permits, consents and rules<BR>
under such laws, (b)&nbsp;encumbrances, easements,<BR>
rights-of-way, covenants, conditions, restrictions and<BR>
other matters affecting title to real property which do<BR>
not materially detract from the value of such real<BR>
property or materially restrict the use of such real<BR>
property, (c)&nbsp;leases and subleases of real property<BR>
requiring payments of less than $500,000, (d)&nbsp;all<BR>
easements, encumbrances or other matters which are<BR>
necessary for utilities and other similar services on real<BR>
property, (e)&nbsp;Liens to secure Indebtedness in an amount<BR>
less than $1,000,000 reflected in the financial statements<BR>
of Generation or the Material Subsidiaries or Indebtedness<BR>
incurred in the ordinary course of business, consistent<BR>
with past practice, after the date thereof, (f)&nbsp;Liens for<BR>
Taxes and other governmental levies, in each case in an<BR>
amount less than $100,000 not yet due and payable or, if<BR>
due, (i)&nbsp;not delinquent or (ii)&nbsp;being contested in good<BR>
faith by appropriate proceedings during which collection<BR>
or enforcement against the property is stayed and with<BR>
respect to which adequate reserves have been established<BR>
and are being maintained to the extent required by GAAP,<BR>
(g)&nbsp;mechanics&#146;, workmen&#146;s, repairmen&#146;s, materialmen&#146;s,<BR>
warehousemen&#146;s, carriers&#146; or other Liens, including all<BR>
statutory Liens, arising or incurred in the ordinary<BR>
course of business, (h)&nbsp;original purchase price<BR>
conditional sales contracts and equipment leases with<BR>
third parties entered into in the ordinary course of<BR>
business, (i)&nbsp;Liens that do not materially interfere with<BR>
or materially affect the value or use of the respective<BR>
underlying asset to which such Liens relate and (j)&nbsp;Liens<BR>
that are reflected in any Material Contract.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Person&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any natural person, corporation, company,<BR>
general partnership, limited partnership, limited<BR>
liability partnership, joint venture, proprietorship,<BR>
limited liability company, or other entity or business<BR>
organization or vehicle, trust, unincorporated<BR>
organization or Governmental Authority or any department<BR>
or agency thereof.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Project&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean Jorf Project, Jubail Project, Neyveli Project,<BR>
Shuweihat Project, Takoradi Project or Taweelah Project.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Related Agreements&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the Buyer Access and Support Agreement, the<BR>
Seller Access and Support Agreement, the License<BR>
Agreement, and the Transition Services Agreement.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Seller Access and<BR>
Support Agreement&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the access and support agreement to be entered<BR>
into on the Closing Date between Seller and Buyer,<BR>
substantially in the form of the agreement attached hereto<BR>
as Exhibit&nbsp;H.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Shuweihat&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean Shuweihat General Partner Company, Shuweihat<BR>
Limited Partnership, Shuweihat O&#038;M Limited Partnership,<BR>
Shuweihat O&#038;M General Partner Company and Shuweihat CMS<BR>
International Power Company.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Shuweihat Project&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean CMS Generation Investment Company VII,<BR>
Shuweihat General Partner Company, Shuweihat Limited<BR>
Partnership, Shuweihat CMS International Power Company and<BR>
Shuweihat Shared Facilities Company LLC, taken as a whole.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Subsidiary&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">of any entity means, at any date, any Person of which<BR>
securities or other ownership interests representing more<BR>
than fifty percent (50%) of the equity or more than fifty<BR>
percent (50%) of the ordinary voting power or, in the case<BR>
of a partnership, more than fifty percent (50%) of the<BR>
general partnership interests or more than fifty percent<BR>
(50%) of the profits or losses of which are, as of such<BR>
date, owned, controlled or held by the applicable Person<BR>
or one or more subsidiaries of such Person.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Takoradi&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean Takoradi International Company.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Takoradi Project&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean CMS Generation Investment Company VI, CMS<BR>
Takoradi Investment Company, CMS Takoradi Investment<BR>
Company II and Takoradi International Company, taken as a<BR>
whole.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Taweelah&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean Emirates CMS Power Company.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Taweelah Project&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean CMS Generation Taweelah Limited, Emirates CMS<BR>
Power Company and Taweelah Shared Facility Company LLC,<BR>
taken as a whole.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Tax Return&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean any report, return, declaration, or other<BR>
information required to be supplied to a Governmental<BR>
Authority in connection with Taxes including any schedule<BR>
thereto, claim for refund or amended return.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Taxes&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean all United States federal, state or local or<BR>
non-United States taxes, assessments, charges, duties,<BR>
levies or other similar governmental charges of any<BR>
nature, including all income, franchise, profits, capital<BR>
gains, capital stock, transfer, sales, use, occupation,<BR>
property, excise or excise duty, severance, windfall<BR>
profits, stamp, stamp duty reserve, license, payroll,<BR>
withholding, ad valorem, value added, alternative minimum,<BR>
environmental, customs, social security (or similar),<BR>
unemployment, sick pay, disability, registration, service<BR>
and other taxes, assessments, charges, duties, fees,<BR>
levies or other similar governmental charges of any kind<BR>
whatsoever, whether disputed or not, together with all<BR>
estimated taxes, deficiency assessments, additions to tax,<BR>
penalties and interest.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Transition Services<BR>
Agreement&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the transition services agreement to be entered<BR>
into on the Closing Date between Seller and Buyer,<BR>
substantially in the form of the agreement attached hereto<BR>
as Exhibit&nbsp;C.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Treasury Regulation&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean the income Tax regulations, including temporary<BR>
and proposed regulations, promulgated under the Code, as<BR>
amended.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;VAT&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">shall mean (i)&nbsp;in member States of the European Union,<BR>
taxes in those States imposed by or in compliance with the<BR>
Sixth Council Directive of the European Communities (as<BR>
amended from time to time) and (ii)&nbsp;in other states, any<BR>
value added tax or other similar tax.</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">Section&nbsp;1.2 <U>Interpretation</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Unless the context of this Agreement otherwise requires, (i)&nbsp;words of any gender include
the other gender; (ii)&nbsp;words using the singular or plural number also include the plural or
singular number, respectively; (iii)&nbsp;the terms &#147;hereof,&#148; &#147;herein,&#148; &#147;hereby&#148; and derivative or
similar words refer to this entire Agreement; (iv)&nbsp;the terms &#147;Article,&#148; &#147;Section&#148; and &#147;Exhibit&#148;
refer to the specified Article, Section and Exhibit of this Agreement, respectively; (v)
&#147;including,&#148; shall mean &#147;including, but not limited to;&#148; and (vi)&nbsp;reference to any Person includes
such Person&#146;s successors and permitted assigns. Unless otherwise expressly provided, any
agreement, instrument, law or regulation defined or referred to herein means such agreement,
instrument, law or regulation as from time to time amended, modified or supplemented, including (in
the case of agreements or instruments) by waiver or consent and (in the case of a law or
regulation) by succession of comparable successor law and includes (in the case of agreements or
instruments) references to all attachments thereto and instruments incorporated therein.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;As of the Closing Date, the term &#147;<U>Generation</U>&#148; shall mean CMS Generation LLC, a
Delaware limited liability company, if the Merger has occurred but the Redomiciliation has not yet
occurred as of the Closing Date, and CMS Generation LLC, a Cayman Islands limited liability
company, if the Redomiciliation has occurred as of the Closing Date.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;For purposes of Article&nbsp;III, (i)&nbsp;all representations and warranties made by Seller (other
than those representations and warranties set forth in Section&nbsp;3.1, 3.2 and 3.3(a)-(g) inclusive)
with respect to Jorf, Jubail, Neyveli, Shuweihat and Taweelah (or which are picked up through
references to Generation Subsidiaries or Material Subsidiaries) shall automatically be deemed to be
qualified by the Knowledge of Seller and (ii)&nbsp;all representations and warranties made by Seller
with respect to Shuweihat CMS International Power Company and Taweelah shall automatically be
deemed to be qualified by the Knowledge of Seller and the Knowledge of Buyer.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;For purposes of Article&nbsp;V, in the event that Seller shall be obligated to cause, or use
its reasonable best efforts to cause, an Affiliate or Material Subsidiary over which it does not
have voting control to act or not act, it shall be obligated to exercise all of its contractual and
other rights to cause such action or inaction by such Affiliate or Material Subsidiary.


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;Unless otherwise indicated, all references to Generation or a Material Subsidiary in
Articles I, III and V shall be to Generation and the Material Subsidiaries assuming the
Reorganization has occurred.


<P align="center" style="font-size: 12pt">ARTICLE II



<P align="center" style="font-size: 12pt">SALE AND PURCHASE



<P align="left" style="font-size: 12pt">Section&nbsp;2.1 <U>Agreement to Sell and Purchase</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Buyer and Seller hereby agree that, upon the terms and subject to the satisfaction or
waiver, if permissible, of the conditions hereof, at the Closing, Buyer shall purchase, acquire and
accept from Seller, and Seller shall sell, convey, assign, transfer and deliver to Buyer, the
Generation Interests, free and clear of all Liens. In consideration for the purchase of the
Generation Interests pursuant to this Section&nbsp;2.1(a), Buyer shall deliver to the Seller (i)&nbsp;the
Deposit pursuant to Section&nbsp;2.1(b) and (ii)&nbsp;the Closing Payment pursuant to Section&nbsp;2.1(c)
(collectively, together with any amounts disbursed to Seller or its Affiliates, on the one hand, by
Buyer or its Affiliates, on the other hand, pursuant to the CGIC Loan Agreement, the &#147;<U>Purchase
Price</U>&#148;).


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Upon the receipt of the Energy Guarantee (together with a copy of the authorizing board
resolutions of Energy), Buyer shall pay to Seller, in consideration for the execution by Seller of
this Agreement and the covenants and agreements set forth herein, an amount in cash equal to
$75,000,000 (the &#147;<U>Deposit</U>&#148;) by wire transfer of same day funds to an account or accounts
and in such amounts as designated by Seller prior to the execution of this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;At the Closing, Buyer shall pay to Seller, in consideration for the purchase of the
Generation Interests pursuant to Section&nbsp;2.1(a), an amount in cash equal to the difference between
(i) $825,000,000 and (ii)&nbsp;any amounts disbursed to Seller or its Affiliates, on the one hand, by
Buyer or its Affiliates, on the other hand, pursuant to the CGIC Loan Agreement (the &#147;<U>Closing
Payment</U>&#148;).


<P align="left" style="font-size: 12pt">Section&nbsp;2.2 <U>Time and Place of Closing</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Upon the terms and subject to the satisfaction or, if permissible, waiver, of the
conditions of this Agreement, the consummation of the transactions contemplated by this Agreement
(the &#147;<U>Closing</U>&#148;) shall take place on the fifth (5<sup>th</sup>) Business Day following the
satisfaction or, if permissible, waiver of the conditions set forth in Article&nbsp;VI hereof (other
than conditions which by their nature can be satisfied only at the Closing), at 10:00&nbsp;a.m. New York
City time, at the offices of Skadden, Arps, Slate, Meagher &#038; Flom LLP, Four Times Square, New York,
New York 10036, or at such other time and place as shall be agreed upon by the parties hereto. The
date on which the Closing occurs is herein referred to as the &#147;<U>Closing Date</U>.&#148;


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;At the Closing, Seller shall deliver or cause to be delivered to Buyer (unless previously
delivered), the following items:


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(i)&nbsp;a certificate or certificates representing the Generation Interests (or
other appropriate certificates evidencing transfer of ownership), accompanied by
stock or similar powers duly endorsed in blank by Seller or accompanied by
instruments of transfer duly executed by Seller;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ii)&nbsp;the officer&#146;s certificate referred to in Section&nbsp;6.2(c);


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iii)&nbsp;a duly executed counterpart of each of the Related Agreements;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iv)&nbsp;written resignations, effective as of the Closing Date, from each of the
officers and directors of any of Generation or the Material Subsidiaries, to the
extent such officers and directors are appointed or nominated by Seller or its
Affiliates and will not continue to perform such roles following Closing;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(v)&nbsp;such other duly executed instruments of transfer, assignment or
assumption and such other documents as may be reasonably requested by Buyer to
evidence the proper consummation of Closing in connection with the transactions
contemplated hereby; and


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(vi)&nbsp;all documentation required to be executed by Seller or its Subsidiaries
relating to the transactions contemplated by Section&nbsp;5.4 hereof.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;At the Closing, Buyer shall deliver or cause to be delivered to Seller (unless previously
delivered), the following items:


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(i)&nbsp;the Closing Payment by wire transfer of same day funds to an account or
accounts and in such amounts as designated by Seller in writing at least two
Business Days prior to the Closing Date;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ii)&nbsp;the officer&#146;s certificate referred to in Section&nbsp;6.3(c);


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iii)&nbsp;a duly executed counterpart of each of the Related Agreements;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iv)&nbsp;all documentation required to be executed by Buyer or its Affiliates
relating to the transactions contemplated by Section&nbsp;5.4 hereof; and


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(v)&nbsp;such other duly executed instruments of transfer, assignment or
assumption and such other documents as may be reasonably requested by Seller to
evidence the proper consummation of Closing in connection with the transactions
contemplated hereby.


<P align="center" style="font-size: 12pt">ARTICLE III



<P align="center" style="font-size: 12pt">REPRESENTATIONS AND WARRANTIES OF SELLER



<P align="left" style="font-size: 12pt; text-indent: 4%">Except as set forth in a letter delivered by Seller to Buyer on the date hereof (the &#147;Seller
Disclosure Letter&#148;), Seller hereby represents and warrants to Buyer as follows:


<P align="left" style="font-size: 12pt">Section&nbsp;3.1 <U>Corporate Organization; Qualification</U>. (a)&nbsp;Seller is duly incorporated,
validly existing and in good standing under the Laws of Michigan. Each of Generation and the
Material Subsidiaries is duly organized and validly existing and each of Generation (as of the date
hereof) and the Material Subsidiaries organized in the United States is in good standing, in each
case under the laws of its governing jurisdiction.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Each of Generation and the Material Subsidiaries has the requisite power to carry on its
businesses as currently conducted in all material respects.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Each of Generation and the Material Subsidiaries is duly qualified to do business in each
of the jurisdictions in which the ownership, operation or leasing of its properties or assets or
the conduct of its business requires it to be so qualified, except where the failure to be so
qualified would not materially and adversely affect the ability of, or timing for, Seller to
consummate the transactions contemplated by this Agreement or Related Agreements or materially and
adversely affect the business or operations of such entity.


<P align="left" style="font-size: 12pt">Section&nbsp;3.2 <U>Authority Relative to this Agreement</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Seller has full corporate power and authority to execute and deliver this Agreement, the
Related Agreements, the Consent and Support Agreement and the other agreements, documents and
instruments to be executed and delivered by it in connection with this Agreement and the Related
Agreements and to consummate the transactions contemplated hereby and thereby.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;The execution, delivery and performance of this Agreement, the Related Agreements, the
Consent and Support Agreement and the other agreements, documents and instruments to be executed
and delivered by Seller in connection with this Agreement, the Related Agreements or the Consent
and Support Agreement and the consummation of the transactions contemplated hereby and thereby have
been duly and validly authorized by all the necessary action on the part of Seller, and no other
corporate or other proceedings on the part of Seller are necessary to authorize this Agreement, the
Related Agreements, the Consent and Support Agreement and the other agreements, documents and
instruments to be executed and delivered by Seller in connection with this Agreement, the Related
Agreements and the Consent and Support Agreement or to consummate the transactions contemplated
hereby and thereby.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;This Agreement and the Consent and Support Agreement have been, and the Related Agreements
and the other agreements, documents and instruments to be executed and delivered in connection with
this Agreement, the Related Agreements or the Consent and Support Agreement as of or prior to the
Closing Date will be, duly and validly executed and delivered by Seller and, assuming that this
Agreement, the Related Agreements, the Consent and Support Agreement and the other agreements,
documents and instruments to be executed and delivered by Seller in connection with this Agreement,
the Related Agreements or the Consent and Support Agreement constitute legal, valid and binding
agreements of Buyer, are (in the case of this Agreement and the Consent and Support Agreement) or
will be as of the Closing Date (in the case of the Related Agreements and the other agreements,
documents and instruments to be executed and delivered on or prior to the Closing Date in
connection with this Agreement, the Related Agreements or the Consent and Support Agreement)
enforceable against Seller in accordance with their respective terms, except that such
enforceability may be limited by applicable bankruptcy, insolvency, moratorium or other similar
laws affecting or relating to enforcement of creditors&#146; rights generally or general principles of
equity.


<P align="left" style="font-size: 12pt">Section&nbsp;3.3 <U>Generation Interests</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;As of the date hereof, all of the outstanding shares of capital stock of Generation (the
"<U>Generation Shares</U>&#148;) are duly authorized, validly issued and fully paid and were not issued
in violation of any preemptive rights. As of the date hereof, except as set forth in Section
3.3(a) of the Seller Disclosure Letter, (i)&nbsp;there are no shares of capital stock of Generation
authorized, issued or outstanding or reserved for any purpose and (ii)&nbsp;there are no (A)&nbsp;existing
options, warrants, calls, preemptive rights, subscriptions or other rights, agreements,
arrangements or commitments of any character, relating to the Generation Shares, obligating Seller
or any of its Affiliates to issue, transfer or sell, or cause to be issued, transferred or sold,
any of the Generation Shares, (B)&nbsp;outstanding securities of Seller or its Affiliates that are
convertible into or exchangeable or exercisable for any of the Generation Shares, (C)&nbsp;options,
warrants or other rights to purchase from Seller or its Affiliates any such convertible or
exchangeable securities, (D)&nbsp;outstanding Liabilities to pay any additional amounts on the
Generation Shares (including any outstanding shareholder loan arrangements) or (E)&nbsp;other than this
Agreement, Contracts of any kind relating to the issuance of any of the Generation Shares, or any
such options, warrants or rights, pursuant to which, in any of the foregoing cases, Seller or its
Affiliates are subject or bound.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;As of the Closing Date, the Generation Interests will be duly authorized and not issued in
violation of any preemptive rights. As of the Closing Date, except as set forth in Section&nbsp;3.3(b)
of the Seller Disclosure Letter, (i)&nbsp;there will be no shares of capital stock or other equity
interests of Generation authorized, issued or outstanding or reserved for any purpose and (ii)
there will be no (A)&nbsp;existing options, warrants, calls, preemptive rights, subscriptions or other
rights, agreements, arrangements or commitments of any character, relating to the Generation
Interests, obligating Seller or any of its Affiliates to issue, transfer or sell, or cause to be
issued, transferred or sold, any of the Generation Interests, (B)&nbsp;outstanding securities of Seller
or its Affiliates that are convertible into or exchangeable or exercisable for any of the
Generation Interests, (C)&nbsp;options, warrants or other rights to purchase from Seller or its
Affiliates any such convertible or exchangeable securities, (D)&nbsp;outstanding Liabilities to pay any
additional amounts on the Generation Interests (including any outstanding shareholder loan
arrangements) or (E)&nbsp;other than this Agreement or Contracts of any kind relating to the issuance of
any of the Generation Interests, or any such options, warrants or rights, pursuant to which, in any
of the foregoing cases, Seller or its Affiliates are subject or bound.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;As of the date hereof, except as set forth in Section&nbsp;3.3(c) of the Seller Disclosure
Letter, Seller owns all of the issued and outstanding Generation Shares and has good, valid and
marketable title to the Generation Shares, free and clear of all Liens or other defects in title,
and the Generation Shares have not been pledged or assigned to any Person. Except as set forth in
Section&nbsp;3.3(c) of the Seller Disclosure Letter, as of the date hereof, the Generation Shares owned
by Seller are not subject to any restrictions on transferability other than those imposed by this
Agreement and by applicable securities laws.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;As of the Closing Date, except as set forth in Section&nbsp;3.3(d) of the Seller Disclosure
Letter, Seller will own all of the issued and outstanding Generation Interests and will have good,
valid and marketable title to the Generation Interests, free and clear of all Liens or other
defects in title, and the Generation Interests will not have been pledged or assigned to any
Person. As of the Closing Date, the Generation Interests owned by Seller will not be subject to
any restrictions on transferability other than those imposed by this Agreement and by applicable
securities laws.


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;Assuming the Reorganization has occurred, except as set forth in Section&nbsp;3.3(e)(i) of the
Seller Disclosure Letter, Generation and each Person in which Generation, directly or indirectly,
holds shares, outstanding capital stock or partnership or other ownership interests as described in
the corporate organization chart set forth in Section&nbsp;5.15 of the Seller Disclosure Letter, as
applicable, has good, valid and marketable title to such shares of outstanding capital stock or
partnership or other ownership interest of each Material Subsidiary as set forth in Section
3.3(e)(ii) of the Seller Disclosure Letter.


<P align="left" style="font-size: 12pt; text-indent: 13%">(f)&nbsp;Section&nbsp;3.3(f) of the Seller Disclosure Letter sets forth, as of the date hereof, assuming
completion of the Reorganization, a complete and accurate list of each Material Subsidiary,
including its name, its jurisdiction of incorporation, its authorized and outstanding capital stock
or partnership or other ownership interest and the percentage of its outstanding capital stock or
partnership or other ownership interest owned by Generation or its Subsidiaries. Except as set
forth in Section&nbsp;3.3(f) of the Seller Disclosure Letter, the shares of outstanding capital stock or
partnership or other ownership interests of each Material Subsidiary held by Generation or its
Subsidiaries are duly authorized, validly issued, fully paid and nonassessable, and are held of
record by Generation or its Subsidiaries, free and clear of Liens. Except as set forth in Section
3.3(f) of the Seller Disclosure Letter, there are no (i)&nbsp;existing options, warrants, calls,
preemptive rights, subscriptions or other rights, agreements, arrangements or commitments of any
character, relating to the capital stock or partnership or other ownership interest of any Material
Subsidiary held by Generation or its Affiliates, obligating Seller or Generation or any of their
Affiliates to issue, transfer or sell, or cause to be issued, transferred or sold, any capital
stock or partnership or other ownership interest of any Material Subsidiary, (ii)&nbsp;outstanding
securities or partnership or other ownership interest of Seller or Generation or their Affiliates
that are convertible into or exchangeable or exercisable for any of capital stock or partnership or
other ownership interest of any Material Subsidiary, (iii)&nbsp;options, warrants or other rights to
purchase from Seller or Generation or their Affiliates any such convertible or exchangeable
securities or (iv)&nbsp;other than this Agreement, contracts, agreements or arrangements of any kind
relating to the issuance of any of the capital stock or partnership or other ownership interest of
any Material Subsidiary held by Generation or its Affiliates, or any such options, warrants or
rights, pursuant to which, in any of the foregoing cases, Seller or its Affiliates are subject or
bound.


<P align="left" style="font-size: 12pt; text-indent: 13%">(g)&nbsp;Assuming completion of the Reorganization, other than the Material Subsidiaries or as
otherwise set forth in Section&nbsp;3.3(g) of the Seller Disclosure Letter, there are no Persons in
which any of Generation or any Material Subsidiary owns any equity or other similar interest.


<P align="left" style="font-size: 12pt; text-indent: 13%">(h)&nbsp;Except as set forth in Section&nbsp;3.3(h) of the Seller Disclosure Letter, Generation or a
Material Subsidiary (as applicable) has valid title to or leases, free and clear of any Liens
(other than Permitted Liens) all material assets used or held for use by Generation or a Material
Subsidiary (as applicable), except for such material assets the failure of which to so own or lease
would not, individually or in the aggregate, materially impact the business or operations of
Generation or a Project.


<P align="left" style="font-size: 12pt">Section&nbsp;3.4 <U>Consents and Approvals</U>. Except as set forth in Section&nbsp;3.4 of the Seller
Disclosure Letter, Seller requires no Permit, consent, approval or authorization of, or filing,
registration or qualification with, any Governmental Authority or any other Person (including
pursuant to the Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Acts of 2001) as a condition to the execution and delivery by
Seller of this Agreement or the performance of its obligations hereunder, except where the failure
to obtain such Permit, consent, approval or authorization of, or filing of, registration or
qualification with, any Governmental Authority, or any other Person would not be material to the
business, financial condition or assets of Generation and the Material Subsidiaries, taken as a
whole.


<P align="left" style="font-size: 12pt">Section&nbsp;3.5 <U>No Conflict or Violation</U>. Except as set forth in Section&nbsp;3.5 of the Seller
Disclosure Letter, the execution, delivery and performance by Seller (or Seller&#146;s relevant
Affiliates, if appropriate) of this Agreement, the Related Agreements and the Consent and Support
Agreement do not:


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;violate or conflict with any provision of the organizational documents or bylaws of
Seller, Generation or any Material Subsidiary;


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;violate any applicable provision of a law, statute, judgment, order, writ, injunction,
decree, award, rule or regulation of any Governmental Authority, except where such violations that
would not, individually or in the aggregate, be material;


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;violate, result in a breach of, constitute (with due notice or lapse of time or both) a
default or cause any obligation, penalty or premium to arise or accrue under any Material Contract,
lease, loan, mortgage, security agreement, trust indenture or other material agreement or
instrument to which Generation or any Material Subsidiary is a party or by which any of them is
bound or to which any of their respective properties or assets is subject, except for violations,
breaches or defaults that would not, individually or in the aggregate, be material;


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;result in the imposition or creation of any Lien upon or with respect to any of the
properties or assets owned or used by Generation or a Material Subsidiary; or


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;result in the cancellation, modification, revocation or suspension of any Permits or, to
the Knowledge of Seller, in the failure to renew any Permit.


<P align="left" style="font-size: 12pt">Section&nbsp;3.6 <U>Contracts</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Except as set forth in Section&nbsp;3.6(a) of the Seller Disclosure Letter, each Contract set
forth in Section&nbsp;3.6(d) of the Seller Disclosure Letter (each a &#147;<U>Material Contract</U>&#148;), is a
valid and binding agreement of Generation or a Material Subsidiary and, to the Knowledge of Seller,
is in full force and effect.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Except as set forth in Section&nbsp;3.6(b) of the Seller Disclosure Letter, neither Generation
nor any Material Subsidiary is in default under any Material Contract other than defaults that have
been cured or waived or which do not, individually or in the aggregate, materially impact the
business or operations of Generation or a Project;


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Except as set forth in Section&nbsp;3.6(c) of the Seller Disclosure Letter, to the Knowledge of
Seller, there are no defaults under any Material Contract by a third party, other than defaults
that do not, individually or in the aggregate, materially impact the business or operations of
Generation or a Project;


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;Except as set forth in Section&nbsp;3.6(d) of the Seller Disclosure Letter neither Generation
nor any Material Subsidiary is currently bound by a Contract of the type described in paragraphs
(i)&nbsp;through (iii)&nbsp;below:


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(i)&nbsp;any Contract involving the payment or receipt of greater than
$10,000,000;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ii)&nbsp;any Contract by which Generation or a Material Subsidiary has any
Indebtedness in excess of $2,500,000; or


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iii)&nbsp;any Contract that establishes any joint venture, consortium or
partnership agreement.


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;Except as set forth on Section&nbsp;3.6(e) of the Seller Disclosure Letter, Seller has made
available to Buyer accurate and complete copies of all Material Contracts on or prior to the date
hereof, and, to the Knowledge of Seller, no Material Contract has been amended since being made
available to Buyer, other than amendments made with Buyer&#146;s consent pursuant to Section&nbsp;5.1 hereof.


<P align="left" style="font-size: 12pt">Section&nbsp;3.7 <U>Compliance with Law</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Except for laws relating to employee benefit plans, labor and employment law,
Environmental Laws and Tax laws, which are the subject of Section&nbsp;3.10, Section&nbsp;3.11, Section&nbsp;3.13
and Section&nbsp;3.14, respectively, and except as set forth in Section&nbsp;3.7 of the Seller Disclosure
Letter, Generation and the Material Subsidiaries are in compliance with all federal, state, local
or foreign laws, statutes, ordinances, rules, regulations, judgments, orders, writs, injunctions or
decrees of any Governmental Authority applicable to their respective properties, assets and
businesses except where such noncompliance does not, individually or in the aggregate, materially
impact the business or operations of Generation or a Project.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;To the Knowledge of Seller, no Material Subsidiary or Employee of a Material Subsidiary is
or has been engaged in any corrupt practice in connection with any asset of Seller, Generation or
the Material Subsidiaries (including any arrangement to pay or receive any unlawful commission,
bribe, pay-off or kickback), nor has any potential violation under the Foreign Corrupt Practices
Act of 1977.


<P align="left" style="font-size: 12pt">Section&nbsp;3.8 <U>Permits</U>. Except as set forth in Section&nbsp;3.8 of the Seller Disclosure Letter,
Seller, Generation and the Material Subsidiaries have all permits, licenses, certificates of
authority, orders and approvals of, and have made all filings applications and registrations with
Governmental Authorities required under Applicable Law, which are necessary for the conduct of the
respective business operations of Generation and the Material Subsidiaries as presently conducted
(collectively, the &#147;<U>Permits</U>&#148;), except for those Permits the absence of which does not,
individually or in the aggregate, materially impact the business or operations of Generation or a
Project. Each Permit has been complied with in all material respects and has not been, and is not
reasonably likely to be, cancelled, modified, revoked or suspended or failed to be renewed, except
for Permits that do not, individually or in the aggregate, materially impact the business or
operations of Generation or a Project. No notice has been received by Seller, Generation or a
Material Subsidiary that any material Permit will be revoked or will not be renewed or be renewed
only on terms which would restrict or prevent the holder thereof from conducting its material
operations in the ordinary course of business. None of Seller, Generation or a Material Subsidiary
has taken any action or omitted to take any action which would reasonably be expected to result in
any material grant from a Governmental Authority paid being refunded in whole or in material part.


<P align="left" style="font-size: 12pt">Section&nbsp;3.9 <U>Litigation</U>. Except as set forth in Section&nbsp;3.9 of the Seller Disclosure
Letter, there are no lawsuits, actions, proceedings pending or in progress (including in respect of
claims which may be brought by or on behalf of employees or former employees in respect of death or
personal injury resulting from their employment by Generation or any Material Subsidiary), or to
the Knowledge of Seller, proceedings or governmental, administrative or other investigations
pending or in progress or, to the Knowledge of Seller, threatened against Seller or any of its
Affiliates or any executive officer or director thereof relating to the Generation Interests or the
respective assets or businesses of Generation or the Material Subsidiaries, except as would not be
material to the business, financial condition or assets of Generation and the Material
Subsidiaries, taken as a whole. Seller and its Affiliates are not subject to any outstanding
judgment, order, writ, injunction, decree or award entered in an Action to which Seller or any of
its Affiliates was a named party relating to the Generation Interests or the respective assets or
businesses of Generation or the Material Subsidiaries, except as would not, individually or in the
aggregate, materially impact the business or operations of Generation or a Project.


<P align="left" style="font-size: 12pt">Section&nbsp;3.10 <U>Employee Matters</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Section&nbsp;3.10(a) of the Seller Disclosure Letter lists all material benefit and
compensation plans and contracts, including &#147;employee benefit plans&#148; within the meaning of Section
3(3) of ERISA, and deferred compensation, stock option, stock purchase, stock appreciation rights,
stock-based incentive bonus, severance, employment, change in control, vacation or fringe benefit
programs, policies, agreements, arrangements or plans maintained by Generation or any Subsidiary of
Generation for the benefit of any or their employees or former employees, (the &#147;<U>Employees</U>&#148;)
(collectively, the &#147;<U>Plans</U>&#148;). True and complete copies of all material Plans, including any
trust instruments and insurance contracts forming a part of any Plans, and all amendments thereto
have been provided or made available to Buyer or its representatives.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Each Plan is registered, funded, administered and invested, as applicable, in compliance
with the current terms of such Plan, and in accordance with Applicable Laws.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;For any Plan where contributions are required to be made in accordance with an actuarial
valuation report, all contributions required to be made to such Plan as of the date hereof have
been made in accordance with the actuarial report most recently filed with the applicable
Governmental Authority in a timely fashion.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;For any Plan where contributions are not required to be made in accordance with an
actuarial valuation report, all contributions required to be made to such Plan as of the date
hereof have been made.


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;To the Knowledge of Seller, no event has occurred respecting any registered Plan that
would result in the revocation of the registration of such Plan or that could otherwise reasonably
be expected to adversely affect the tax status of any such Plan.


<P align="left" style="font-size: 12pt; text-indent: 13%">(f)&nbsp;As of the date hereof, each of Generation and the Subsidiaries of Generation have made all
contributions to the Pension Plans to which Generation and the Subsidiaries of Generation are
required to make contributions.


<P align="left" style="font-size: 12pt; text-indent: 13%">(g)&nbsp;With respect to each Plan, (i)&nbsp;no material Action is pending or, to the Knowledge of
Seller, threatened and (ii)&nbsp;to the Knowledge of Seller no facts or circumstances exist that would
give rise to any material Actions.


<P align="left" style="font-size: 12pt; text-indent: 13%">(h)&nbsp;Except as set forth in Section&nbsp;3.10(h) of the Seller Disclosure Letter, in the three (3)
years prior to the date hereof there have been no partial or full wind-ups declared in respect of
any Pension Plan.


<P align="left" style="font-size: 12pt; text-indent: 13%">(i)&nbsp;Except as set forth in Section&nbsp;3.10(i) of the Seller Disclosure Letter, neither Generation
nor any Material Subsidiary has made any written promise to create any Plan or to improve or change
the benefits provided under any Plan.


<P align="left" style="font-size: 12pt; text-indent: 13%">(j)&nbsp;Except as set forth in Section&nbsp;3.10(j) of the Seller Disclosure Letter, the consummation
of the transactions contemplated hereby will not (i)&nbsp;entitle any current or former employee or
officer of any of Generation or a Material Subsidiary to advance notice, termination pay, severance
pay, unemployment compensation or any other payment, the liability for which would be borne by
Buyer, or (ii)&nbsp;accelerate the time of payment or vesting, or increase the amount of compensation
due any such employee or officer, the liability for which would be borne by Buyer.


<P align="left" style="font-size: 12pt">Section&nbsp;3.11 <U>Labor Relations</U>. Except as set forth in Section&nbsp;3.11 of the Seller Disclosure
Letter; (a)&nbsp;none of Generation or any Material Subsidiary is a party to any labor or collective
bargaining agreements, and there are no labor or collective bargaining agreements which pertain to
any employees of Generation or any Material Subsidiary; (b)&nbsp;within the preceding twelve (12)
months, there have been no representation or certification proceedings, or petitions seeking a
representation proceeding, pending or, to the Knowledge of Seller, threatened in writing to be
brought or filed with the National Labor Relations Board or any other labor relations tribunal or
authority with respect to Generation or any Material Subsidiary; (c)&nbsp;within the preceding twelve
(12)&nbsp;months, to the Knowledge of Seller, there have been no organizing activities involving
Generation or any Material Subsidiary with respect to any group of their respective employees; (d)
there are no pending or, to the Knowledge of Seller, threatened strikes, work stoppages, slowdowns
or lockouts against Generation or a Material Subsidiary involving any of their respective
Employees; and (e)&nbsp;there are no pending material unfair employment practice charges, grievances or
complaints filed or, to the Knowledge of Seller, threatened to be filed with any Governmental
Authority based on the employment or termination of employment by Generation or a Material
Subsidiary of any Senior Employee.


<P align="left" style="font-size: 12pt">Section&nbsp;3.12 <U>Intellectual Property</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Section&nbsp;3.12(a) of the Seller Disclosure Letter sets forth a list of all material U.S. and
foreign: (i)&nbsp;patents and patent applications, (ii)&nbsp;trademark registrations and applications and
(iii)&nbsp;copyright registrations and applications, owned by Generation or a Material Subsidiary (the
"<U>Owned IP</U>&#148;). The foregoing schedules set forth at Section&nbsp;3.12(a) of the Seller Disclosure
Letter are complete and accurate in all material respects. The foregoing registrations are in
effect and subsisting.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;To the Knowledge of Seller, Generation or a Material Subsidiary owns all of the rights and
interests in and has title to, or has validly licensed to it, all of the Owned IP.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;To the Knowledge of Seller, Generation or a Material Subsidiary owns or has a valid right
to use all the Intellectual Property required to conduct the business of Generation and each
Material Subsidiary as conducted as of the date of this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;To the Knowledge of Seller, (i)&nbsp;the payment of fees due that are necessary to maintain the
material Owned IP have been made, and (ii)&nbsp;there is no valid basis for any material Owned IP to be
cancelled.


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;No material compulsory licenses have been granted for the material Owned IP.


<P align="left" style="font-size: 12pt; text-indent: 13%">(f)&nbsp;Except as would not, individually or in the aggregate, materially impact the business or
operations of Generation or a Project, or as set forth in Section&nbsp;3.12(f) of the Seller Disclosure
Letter, (i)&nbsp;to the Knowledge of Seller, the conduct of the respective businesses of Generation and
the Material Subsidiaries does not infringe or otherwise violate any Person&#146;s Intellectual
Property, and there is no such claim pending or, to the Knowledge of Seller, threatened against
Generation or a Material Subsidiary, and (ii)&nbsp;to the Knowledge of Seller, no Person is infringing
or otherwise violating any Intellectual Property owned by Generation or a Material Subsidiary and
no such claims are pending or threatened against any Person by Generation or a Material Subsidiary.


<P align="left" style="font-size: 12pt; text-indent: 13%">(g)&nbsp;Each of Generation and the Material Subsidiaries owns all of the rights and interests in
and has title to, or has validly licensed to it, all of the owned Intellectual Property free of any
Lien, other than Permitted Liens.


<P align="left" style="font-size: 12pt">Section&nbsp;3.13 <U>Environmental Matters</U>. Except as set forth in Section&nbsp;3.13 of the Seller
Disclosure Letter:


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Generation and the Material Subsidiaries are in compliance with all applicable
Environmental Laws, except for such noncompliance as would not, individually or in the aggregate,
materially impact the business or operations of Generation or a Project;


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Generation and the Material Subsidiaries have all of the Environmental Permits required in
order to conduct their operations or, where such Environmental Permits have expired, have applied
for a renewal of such Environmental Permits in a timely fashion, except where the failure to have
an Environmental Permit or to have applied for a renewal of an Environmental Permit would not,
individually or in the aggregate, materially impact the business or operations of Generation or a
Project;


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Generation and the Material Subsidiaries are in compliance with the Environmental Permits
issued to them, except for such non-compliance that would not, individually or in the aggregate,
materially impact the business or operations of Generation or a Project;


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;there is no pending or threatened written Claim, lawsuit, or administrative proceeding
against Generation or the Material Subsidiaries under or pursuant to any Environmental Law that
would, individually or in the aggregate, materially impact the business or operations of Generation
or a Project;


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;none of Generation or the Material Subsidiaries is a party or subject to any
administrative or judicial order, decree or other agreement with a Governmental Authority under or
pursuant to any applicable Environmental Law that would, individually or in the aggregate,
materially impact the business or operations of Generation or a Project;


<P align="left" style="font-size: 12pt; text-indent: 13%">(f)&nbsp;to the Knowledge of Seller, none of Generation or the Material Subsidiaries have received
written notice from any third party, including any Governmental Authority, alleging that Generation
or any Material Subsidiary has been or is in violation or potentially in violation of any
applicable Environmental Law or otherwise may be liable under any applicable Environmental Law,
which violation or liability is unresolved and which, individually or in the aggregate, would
materially impact the business or operations of Generation or a Project; and


<P align="left" style="font-size: 12pt; text-indent: 13%">(g)&nbsp;with respect to the real property that is currently owned or leased by Generation or the
Material Subsidiaries, there have been no spills or discharges of Hazardous Substances on or
underneath any such real property that, individually or in the aggregate, would materially impact
the business or operations of Generation or a Project.


<P align="left" style="font-size: 12pt">The representations and warranties set forth in this Section&nbsp;3.13 are Seller&#146;s sole and exclusive
representations and warranties related to environmental matters.


<P align="left" style="font-size: 12pt">Section&nbsp;3.14 <U>Tax Matters</U>. Except as set forth in Section&nbsp;3.14 of the Seller Disclosure
Letter and, in the case of Takoradi, to the Knowledge of Seller:


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Each of Generation and the Material Subsidiaries and each consolidated, combined, unitary,
affiliated or aggregate group of which Generation or any of the Material Subsidiaries is or was a
member has timely filed (or, in the case of Tax Returns due between the date hereof and the Closing
Date, will timely file) all Tax Returns that it was required to file since January&nbsp;1, 2002, except
where the failure to timely file would not result in a Tax cost in excess of $10,000. All such
returns are correct and complete in all material respects. All material Taxes owed by Generation
or any of the Material Subsidiaries have been paid (or, if due between the date hereof and the
Closing Date, will be timely paid). Neither Generation nor any of the Material Subsidiaries
currently is the beneficiary of any extension of time within which to file any material Tax Return.
No claim has ever been made by a taxing authority in a jurisdiction where Generation or any of the
Material Subsidiaries does not file Tax Returns that it is or may be subject to taxation by that
jurisdiction. There are no security interests on any of the assets of Generation or any of the
Material Subsidiaries that arose in connection with any failure (or alleged failure) to pay any
material Tax.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Generation and each of the Material Subsidiaries has withheld and paid all material Taxes
required to have been withheld and paid in connection with amounts paid or owing to any employee,
former employee, independent contractor, creditor, stockholder, affiliate, customer, supplier or
other third party.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;There is no dispute or claim concerning any material Tax liability of Generation or any of
the Material Subsidiaries either claimed or raised by any taxing authority in writing. Section
3.14 of the Seller Disclosure Letter lists all United States federal, state, local and non-United
States Tax Returns with respect to Taxes determined by reference to net income filed with respect
to Generation and the Material Subsidiaries for any taxable period ended on or after January&nbsp;1,
2002, indicates those Tax Returns that have been audited and indicates those Tax Returns that
currently are the subject of audit.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;Section&nbsp;3.14 of the Seller Disclosure Letter sets out the classification for United States
federal income tax purposes of Generation and each of the Material Subsidiaries.


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;Each Material Subsidiary that is subject to VAT (or sales tax) is registered for VAT, is a
taxable person and has complied in all material respects with the requirements of the Laws relating
to VAT. All VAT returns and payments due in respect of the VAT group of which the Material
Subsidiaries are members have been made.


<P align="left" style="font-size: 12pt; text-indent: 13%">(f)&nbsp;All stamp, transfer and registration taxes have been paid in respect of documents in the
enforcement of which Generation or any Material Subsidiary is interested.


<P align="left" style="font-size: 12pt; text-indent: 13%">(g)&nbsp;Neither Generation nor any of the Generation U.S. Subsidiaries at any time has engaged in
any tax shelter, listed transaction or reportable transaction within the meaning of Section&nbsp;6011,
Section&nbsp;6111 or Section&nbsp;6112 of the Code and the Treasury Regulations thereunder, or in any
transaction that would be considered a tax shelter under comparable provisions of state Tax law,
except for those that have been disclosed on the applicable U.S. federal income Tax Returns.
Neither Generation nor any of the Material Subsidiaries (i)&nbsp;has been a member of an affiliated
group of corporations that file a consolidated income Tax Return, other than the affiliated group
of which Energy is the common parent corporation, or (ii)&nbsp;has any liability for the Taxes of any
person other than itself under Section&nbsp;1.1502-6 of the Treasury Regulations (or any similar
provision of state, local or foreign law), as a transferee or successor, by contract or otherwise.
Neither Generation nor any of the Material Subsidiaries has extended or waived the application of
any statute of limitations of any jurisdiction regarding the assessment or collection of any Tax.


<P align="left" style="font-size: 12pt">Section&nbsp;3.15 <U>Insurance</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Section&nbsp;3.15(a) of the Seller Disclosure Letter sets forth a true and complete list of all
current policies of all material property and casualty insurance, insuring the properties, assets,
employees and/or operations of Generation and the Material Subsidiaries (collectively, the
"<U>Policies</U>&#148;). Premiums payable under such Policies have been paid in a timely manner and
Generation and the Material Subsidiaries, as applicable, have complied in all material respects
with the terms and conditions of all such Policies.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;As of the date hereof, Seller has not received any written notification of the failure of
any of the Policies to be in full force and effect. None of Generation or the Material
Subsidiaries is in default under any provision of the Policies, and except as set forth in Section
3.15(b) of the Seller Disclosure Letter, there is no claim by Generation, the Material Subsidiaries
or any other Person pending under any of the Policies as to which coverage has been denied or
disputed by the underwriters or issuers thereof.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Each of the Policies is a valid binding agreement of Seller, its Affiliates or the
relevant Material Subsidiary and, except as set forth in Section&nbsp;3.15(c) of the Seller Disclosure
Letter, to the Knowledge of Seller, there is no reasonable basis for an insurer or reinsurer to
void such Policies.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;Except as set forth in Section&nbsp;3.15(d) of the Seller Disclosure Letter, there are no
current material claims outstanding under any Policies.


<P align="left" style="font-size: 12pt">Section&nbsp;3.16 <U>Regulatory Matters</U>. Seller (a)&nbsp;is not a &#147;public utility&#148; and (b)&nbsp;is a
&#147;holding company&#148; in a &#147;holding company system&#148; that includes a &#147;transmitting utility&#148; or an
&#147;electric utility,&#148; as each of the foregoing terms is defined in the FPA, as amended, or the
regulations of the FERC promulgated thereunder.


<P align="left" style="font-size: 12pt">Section&nbsp;3.17 <U>Financial Statements</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Prior to the date hereof, Seller has made available to Buyer the audited balance sheet of
Jorf as of December&nbsp;31, 2005, and the related statements of income, shareholders&#146; equity, and cash
flows for the year then ended (the &#147;<U>Jorf Financial Statements</U>&#148;). The Jorf Financial
Statements were prepared, in all material respects, in accordance with GAAP and fairly present, in
all material respects, the financial position, results of operations and cash flows of Jorf as of
December&nbsp;31, 2005 and for the periods covered thereby, except as disclosed by the Jorf Financial
Statements (or the notes thereto).


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Prior to the date hereof, Seller has made available to Buyer the audited balance sheet of
Jubail as of December&nbsp;31, 2005, and the related statements of income, shareholders&#146; equity and cash
flows for the year then ended (the &#147;<U>Jubail Financial Statements</U>&#148;). The Jubail Financial
Statements were prepared, in all material respects, in accordance with GAAP and fairly present, in
all material respects, the financial position, results of operations and cash flows of Jubail as of
December&nbsp;31, 2005 and for the periods covered thereby, except as disclosed by the Jubail Financial
Statements (or the notes thereto).


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Prior to the date hereof, Seller has made available to Buyer the audited balance sheet of
Neyveli as of March&nbsp;31, 2006, and the related profit and loss account and cash flow statement for
the year then ended (the &#147;<U>Neyveli Financial Statements</U>&#148;). The Neyveli Financial Statements
were prepared, in all material respects, in accordance with GAAP and fairly present, in all
material respects, the financial position, results of operations and cash flows of Neyveli as of
March&nbsp;31, 2006 and for the periods covered thereby, except as disclosed by the Neyveli Financial
Statements (or the notes thereto).


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;Prior to the date hereof, Seller has made available to Buyer the audited balance sheet of
Takoradi as of December&nbsp;31, 2005, and the related statements of income and cash flows for the year
then ended (the &#147;<U>Takoradi Financial Statements</U>&#148;). The Takoradi Financial Statements were
prepared, in all material respects, in accordance with GAAP and fairly present, in all material
respects, the financial position, results of operations and cash flows of Takoradi as of December
31, 2005 and for the periods covered thereby, except as disclosed by the Takoradi Financial
Statements (or the notes thereto).


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;Prior to the date hereof, Seller has made available to Buyer the audited balance sheet of
Shuweihat CMS International Power Company PJSC as of December&nbsp;31, 2005, and the related statements
of income, shareholders&#146; equity, and cash flows for the year then ended (the &#147;<U>Shuweihat
Financial Statements</U>&#148;). The Shuweihat Financial Statements were prepared, in all material
respects, in accordance with GAAP and fairly present, in all material respects, the financial
position, results of operations and cash flows of Shuweihat CMS International Power Company PJSC as
of December&nbsp;31, 2005 and for the periods covered thereby, except as disclosed by the Shuweihat
Financial Statements (or the notes thereto).


<P align="left" style="font-size: 12pt; text-indent: 13%">(f)&nbsp;Prior to the date hereof, Seller has made available to Buyer the audited balance sheet of
Taweelah as of December&nbsp;31, 2005, and the related statements of income, shareholders&#146; equity and
cash flows for the year then ended (the &#147;<U>Taweelah Financial Statements</U>&#148;). The Taweelah
Financial Statements were prepared, in all material respects, in accordance with GAAP and fairly
present, in all material respects, the financial position, results of operations and cash flows of
Emirates CMS Power Company PJSC as of December&nbsp;31, 2005 and for the periods covered thereby, except
as disclosed by the Taweelah Financial Statements (or the notes thereto).


<P align="left" style="font-size: 12pt; text-indent: 13%">(g)&nbsp;Prior to the date hereof, Seller has made available to Buyer the audited balance sheet of
CMS Energy (UK)&nbsp;Limited as of December&nbsp;31, 2004, and the related profit and loss account for the
year then ended (the &#147;<U>UK Financial Statements</U>&#148;). The UK Financial Statements were
prepared, in all material respects, in accordance with GAAP and fairly present, in all material
respects, the financial position, results of operations and cash flows of CMS Energy (UK)&nbsp;Limited
as of December&nbsp;31, 2004 and for the periods covered thereby, except as disclosed by the UK
Financial Statements (or the notes thereto).


<P align="left" style="font-size: 12pt; text-indent: 13%">(h)&nbsp;Prior to the date hereof, Seller has made available to Buyer the audited balance sheet of
Jorf Lasfar Handelsbolag as of December&nbsp;31, 2005, and the related statements of income,
shareholders&#146; equity, and cash flows for the year then ended (the &#147;<U>JLH Financial
Statements</U>&#148;). The JLH Financial Statements were prepared, in all material respects, in
accordance with GAAP and fairly present, in all material respects, the financial position, results
of operations and cash flows of Jorf Lasfar Handelsbolag as of December&nbsp;31, 2005 and for the
periods covered thereby, except as disclosed by the JLH Financial Statements (or the notes
thereto).


<P align="left" style="font-size: 12pt; text-indent: 13%">(i)&nbsp;Prior to the date hereof, Seller has made available to Buyer the audited balance sheet of
Jorf Lasfar Energiaktiebolag as of December&nbsp;31, 2005, and the related statements of income,
shareholders&#146; equity, and cash flows for the year then ended (the &#147;<U>JLE Financial
Statements</U>&#148;). The JLE Financial Statements were prepared, in all material respects, in
accordance with GAAP and fairly present, in all material respects, the financial position, results
of operations and cash flows of Jorf Lasfar Energiaktiebolag as of December&nbsp;31, 2005 and for the
periods covered thereby, except as disclosed by the JLE Financial Statements (or the notes
thereto).


<P align="left" style="font-size: 12pt; text-indent: 13%">(j)&nbsp;Prior to the date hereof, Seller has made available to Buyer the audited balance sheet of
Jorf Lasfar Power Energy Aktiebolag as of December&nbsp;31, 2005, and the related statements of income,
shareholders&#146; equity, and cash flows for the year then ended (the &#147;<U>JLPE Financial
Statements</U>&#148;). The JLPE Financial Statements were prepared, in all material respects, in
accordance with GAAP and fairly present, in all material respects, the financial position, results
of operations and cash flows of Jorf Lasfar Power Energy Aktiebolag as of December&nbsp;31, 2005 and for
the periods covered thereby, except as disclosed by the JLPE Financial Statements (or the notes
thereto).


<P align="left" style="font-size: 12pt; text-indent: 13%">(k)&nbsp;Prior to Closing, Seller will make available to Buyer each of the 2006 Financial
Statements, to the extent provided pursuant to Section&nbsp;5.19. Each of the 2006 Financial Statements
will be prepared, in all material respects, in accordance with GAAP and fairly present, in all
material respects, the financial position, results of operations and cash flows of the relevant
Material Subsidiary, as of the date of such 2006 Financial Statements and for the periods covered
thereby, except as disclosed by such 2006 Financial Statements.


<P align="left" style="font-size: 12pt">Section&nbsp;3.18 <U>Absence of Certain Changes or Events</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Except as set forth in Section&nbsp;3.18(a) of the Seller Disclosure Letter, since December&nbsp;31,
2005, Generation and the Material Subsidiaries have conducted their respective businesses in the
ordinary course of business, consistent with past practice in all material respects.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Except as set forth in Section&nbsp;3.18(b) of the Seller Disclosure Letter, or in the
financial statements of Generation or the Material Subsidiaries, and the notes thereto, since
December&nbsp;31, 2005, there has not been with respect to Generation or any Material Subsidiary, any
event or development or change which has resulted or would reasonably be likely to result in a
material adverse effect.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Section&nbsp;3.18(c) of the Seller Disclosure Letter sets forth a true and complete list of the
Distributions since the date of the last audited financial statement for each Material Subsidiary,
as applicable.


<P align="left" style="font-size: 12pt">Section&nbsp;3.19 <U>Absence of Undisclosed Liabilities</U>. None of Generation or the Material
Subsidiaries has any Liabilities (whether absolute, accrued, contingent or otherwise) that are
required by GAAP to be reflected in the financial statements of Generation or the Material
Subsidiaries, except those Liabilities (a)&nbsp;disclosed and reserved against in the financial
statements of Generation or the Material Subsidiaries (or notes thereto), (b)&nbsp;set forth in Section
3.19 of the Seller Disclosure Letter, (c)&nbsp;incurred in the ordinary course of business since
December&nbsp;31, 2005 or (d)&nbsp;which would not result in a material adverse effect.


<P align="left" style="font-size: 12pt">Section&nbsp;3.20 <U>Brokerage and Finders&#146; Fees</U>. None of Seller, Generation or a Material
Subsidiary, or any of their Affiliates or their respective stockholders, partners, directors,
officers or employees, has incurred or will incur any brokerage, finders&#146; or similar fee in
connection with the transactions contemplated by this Agreement, the Related Agreements, the CGIC
Loan Agreement or the Consent and Support Agreement.


<P align="left" style="font-size: 12pt">Section&nbsp;3.21 <U>Affiliated Transactions</U>. Except as described in Section&nbsp;3.21 of the Seller
Disclosure Letter, and except for trade payables and receivables arising in the ordinary course of
business for purchases and sales of goods or services consistent with past practice, none of
Generation or the Material Subsidiaries has been a party over the past twelve (12)&nbsp;months to any
Material Contract with Seller or any Affiliate of Seller (other than Generation or the Material
Subsidiaries) and no director or officer of Seller or its Affiliates (other than Generation or the
Material Subsidiaries), has, directly or indirectly, any material interest in any of the assets or
properties of Generation or a Material Subsidiary.


<P align="left" style="font-size: 12pt">Section&nbsp;3.22 <U>No Insolvency</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;There has not been, with respect to any of Generation or a Material Subsidiary (i)&nbsp;any
decree, judgment or order by a court of competent jurisdiction entered adjudging Generation or a
Material Subsidiary as bankrupt or insolvent, or ordering relief against Generation or a Material
Subsidiary in response to the commencement of an involuntary bankruptcy case, or approving as
properly filed a petition seeking reorganization or liquidation of Generation or a Material
Subsidiary under any Applicable Law or (ii)&nbsp;any decree, judgment or order of a court of competent
jurisdiction entered with respect to the appointment of a receiver, liquidator, trustee or assignee
in bankruptcy or insolvency of Generation or a Material Subsidiary, or of the property of, or for
the winding up or liquidation of the affairs of Generation or a Material Subsidiary.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Generation or a Material Subsidiary has not (i)&nbsp;instituted a voluntary bankruptcy
proceeding, (ii)&nbsp;consented to the filing of a bankruptcy proceeding against it, (iii)&nbsp;filed a
petition or answer or consent seeking reorganization or liquidation under any Applicable Law or
similar statute or consented to the filing of any such petition, (iv)&nbsp;consented to the appointment
of a custodian, receiver, liquidator, trustee or assignee in bankruptcy or insolvency of it or any
of its assets or property, (v)&nbsp;made a general assignment for the benefit of creditors, (vi)
admitted in writing its inability to pay its debts generally as they become due, (vii)&nbsp;within the
meaning of any Applicable Law, become insolvent or failed generally to pay its debts as they become
due, or (viii)&nbsp;taken any corporate or other action in furtherance of or to facilitate,
conditionally or otherwise, any of the foregoing.


<P align="left" style="font-size: 12pt">Section&nbsp;3.23 <U>No Other Representations or Warranties</U>. Except for the representations and
warranties contained in this Article&nbsp;III, none of Seller, Generation or the Material Subsidiaries,
nor any other Person makes any other express or implied representation or warranty on behalf of
Seller.


<P align="center" style="font-size: 12pt">ARTICLE IV



<P align="center" style="font-size: 12pt">REPRESENTATIONS AND WARRANTIES OF BUYER



<P align="left" style="font-size: 12pt; text-indent: 4%">Except as set forth in the letter delivered by Buyer to Seller on the date hereof (the &#147;Buyer
Disclosure Letter&#148;), Buyer hereby represents and warrants to Seller as follows:


<P align="left" style="font-size: 12pt">Section&nbsp;4.1 <U>Corporate Organization; Qualification</U>. Buyer (a)&nbsp;is duly incorporated, validly
existing and in good standing under the Laws of its jurisdiction of incorporation, (b)&nbsp;has the
requisite power to carry on its businesses as currently conducted and (c)&nbsp;is duly qualified to do
business in each of the jurisdictions in which the ownership, operation or leasing of its
properties or assets or the conduct of its business requires it to be so qualified, except where
the failure to be so qualified would not adversely affect the ability of, or timing for, Buyer to
consummate the transactions contemplated by this Agreement, the Related Agreements, the CGIC Loan
Agreement or the Consent and Support Agreement.


<P align="left" style="font-size: 12pt">Section&nbsp;4.2 <U>Authority Relative to this Agreement</U>. Buyer has full corporate, or other
power, and authority to execute and deliver this Agreement, the Related Agreements, the CGIC Loan
Agreement, the Consent and Support Agreement and the other agreements, documents and instruments to
be executed and delivered by it in connection with this Agreement, the Related Agreements, the CGIC
Loan Agreement or the Consent and Support Agreement, and to consummate the transactions
contemplated hereby and thereby. The execution, delivery and performance of this Agreement, the
Related Agreements, the CGIC Loan Agreement, the Consent and Support Agreement and the other
agreements, documents and instruments to be executed and delivered by Buyer in connection with this
Agreement, the Related Agreements, the CGIC Loan Agreement or the Consent and Support Agreement and
the consummation of the transactions contemplated hereby and thereby have been duly and validly
authorized by all the necessary action on the part of Buyer, and no other corporate, or other
proceedings on the part of Buyer, are necessary to authorize this Agreement, the Related
Agreements, the CGIC Loan Agreement, the Consent and Support Agreement and the other agreements,
documents and instruments to be executed and delivered by Buyer in connection with this Agreement.
the Related Agreements, the CGIC Loan Agreement or the Consent and Support Agreement or to
consummate the transactions contemplated hereby and thereby. This Agreement and the Consent and
Support Agreement have been, and the Related Agreements, the CGIC Loan Agreement and the other
agreements, documents and instruments to be executed and delivered by Buyer in connection with this
Agreement, the Related Agreements, the CGIC Loan Agreement or the Consent and Support Agreement as
of or prior to the Closing Date will be, duly and validly executed and delivered by Buyer and
assuming that this Agreement, the Related Agreements, the CGIC Loan Agreement, the Consent and
Support Agreement and the other agreements, documents and instruments to be executed and delivered
by Buyer in connection with this Agreement, the Related Agreements, the CGIC Loan Agreement or the
Consent and Support Agreement constitute legal, valid and binding agreements of Seller are (in the
case of this Agreement and the Consent and Support Agreement) or will be as of the Closing Date (in
the case of the Related Agreements, the CGIC Loan Agreement and the other agreements, documents and
instruments to be executed and delivered on or prior to the Closing Date in connection with this
Agreement, the Related Agreements, the CGIC Loan Agreement or the Consent and Support Agreement),
enforceable against Buyer in accordance with their respective terms, except that such
enforceability may be limited by applicable bankruptcy, insolvency, moratorium or other similar
laws affecting or relating to enforcement of creditors&#146; rights generally or general principles of
equity.


<P align="left" style="font-size: 12pt">Section&nbsp;4.3 <U>Consents and Approvals</U>. Except as set forth in Section&nbsp;4.3 of the Buyer
Disclosure Letter, Buyer requires no consent, approval or authorization of, or filing, registration
or qualification with, any Governmental Authority, or any other Person as a condition to the
execution and delivery of this Agreement or the performance of its obligations hereunder, except
where the failure to obtain such consent, approval or authorization of, or filing of, registration
or qualification with, any Governmental Authority, or any other Person would not adversely affect
the ability of, or timing for, Buyer to consummate the transactions contemplated by this Agreement,
the Related Agreements, the CGIC Loan Agreement or the Consent and Support Agreement.


<P align="left" style="font-size: 12pt">Section&nbsp;4.4 <U>No Conflict or Violation</U>. Except as set forth in Section&nbsp;4.4 of the Buyer
Disclosure Letter, the execution, delivery and performance by Buyer of this Agreement do not:


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;violate or conflict with any provision of the organizational documents or bylaws of Buyer;


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;violate any applicable provision of a law, statute, judgment, order, writ, injunction,
decree, award, rule or regulation of any Governmental Authority, except where such violation would
not adversely affect the ability of, or timing for, Buyer to consummate the transactions
contemplated by this Agreement, the Related Agreements, the CGIC Loan Agreement or the Consent and
Support Agreement; or


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;violate, result in a breach of, constitute (with due notice or lapse of time or both) a
default or cause any material obligation, penalty or premium to arise or accrue under any material
contract, lease, loan, agreement, mortgage, security agreement, trust indenture or other material
agreement or instrument to which Buyer is a party or by which it is bound or to which any of its
properties or assets is subject, except as would not adversely affect the ability of, or timing
for, Buyer to consummate the transactions contemplated by this Agreement, the Related Agreements,
the CGIC Loan Agreement or the Consent and Support Agreement.


<P align="left" style="font-size: 12pt">Section&nbsp;4.5 <U>Litigation</U>. Except as set forth in Section&nbsp;4.5 of the Buyer Disclosure Letter,
there are no lawsuits, actions, proceedings pending or, to knowledge of Buyer, threatened, against
Buyer or any of its Affiliates or any executive officer or director thereof which would prohibit or
impair Buyer or its Affiliates from undertaking any of the transactions contemplated by this
Agreement, the Related Agreements, the CGIC Loan Agreement or the Consent and Support Agreement,
except as would not materially affect the consummation of the transactions contemplated by this
Agreement. Buyer and its Affiliates are not subject to any outstanding judgment, order, writ,
injunction, decree or award entered in an Action to which Buyer or any of its Affiliates was a
named party which would prohibit or impair Buyer or its Affiliates from undertaking any of the
transactions contemplated by this Agreement, the Related Agreements, the CGIC Loan Agreement or the
Consent and Support Agreement, except as would not adversely affect the ability of, or timing for,
Buyer to consummate the transactions contemplated by this Agreement, the Related Agreements, the
CGIC Loan Agreement or the Consent and Support Agreement.


<P align="left" style="font-size: 12pt">Section&nbsp;4.6 <U>Availability of Funds</U>. Buyer has and will have on the Closing Date sufficient
funds available in immediately available funds to pay the Purchase Price and to consummate the
transactions contemplated hereby. The ability of Buyer to consummate the transactions contemplated
hereby is not subject to any condition or contingency with respect to financing.


<P align="left" style="font-size: 12pt">Section&nbsp;4.7 <U>Brokerage and Finders&#146; Fees</U>. Neither Buyer nor any of its Affiliates, or their
respective stockholders, partners, directors, officers or employees, has incurred or will incur any
brokerage, finders&#146; or similar fee in connection with the transactions contemplated by this
Agreement, the Related Agreements, the CGIC Loan Agreement or the Consent and Support Agreement.


<P align="left" style="font-size: 12pt">Section&nbsp;4.8 <U>Investment Representations</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Buyer is acquiring the Generation Interests to be acquired by it hereunder for its own
account, solely for the purpose of investment and not with a view to, or for sale in connection
with, any distribution thereof in violation of the federal securities laws or any applicable
foreign or state securities law.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Buyer is an &#147;accredited investor&#148; as defined in Rule 501(a) promulgated under the
Securities Act of 1933, as amended.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Buyer understands that the acquisition of the Generation Interests to be acquired by it
pursuant to the terms of this Agreement involves substantial risk. Buyer and its officers have
experience as an investor in securities and equity interests of companies such as the ones being
transferred pursuant to this Agreement and Buyer acknowledges that it can bear the economic risk of
its investment and have such knowledge and experience in financial or business matters that Buyer
is capable of evaluating the merits and risks of its investment in the Generation Interests to be
acquired by it pursuant to the transactions contemplated hereby.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;Buyer understands that the Generation Interests to be acquired by it hereunder have not
been registered under the Securities Act on the basis that the sale provided for in this Agreement
is exempt from the registration provisions thereof. Buyer acknowledges that such securities may
not be transferred or sold except pursuant to the registration and other provisions of applicable
securities laws or pursuant to an applicable exemption therefrom.


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;Buyer acknowledges that the offer and sale of the Generation Interests to be acquired by
it in the transactions contemplated hereby have not been accomplished by the publication of any
advertisement.


<P align="left" style="font-size: 12pt; text-indent: 13%">Section&nbsp;4.9 <U>Regulation&nbsp;Matters</U>(a) . Buyer is not (a) &#147;public utility,&#148; or (b) (i)&nbsp;a
&#147;holding company,&#148; or (ii)&nbsp;a &#147;holding company&#148; in a &#147;holding company system&#148; that includes a
&#147;transmitting utility&#148; or an &#147;electric utility,&#148; as each of the foregoing terms is defined in the
FPA, as amended, or the regulations of the FERC promulgated thereunder.


<P align="left" style="font-size: 12pt">Section&nbsp;4.10 <U>No Other Representations or Warranties</U>. Except for the representations and
warranties contained in this Article&nbsp;IV, neither Buyer nor any other Person makes any other express
or implied representation or warranty on behalf of Buyer.


<P align="center" style="font-size: 12pt">ARTICLE V



<P align="center" style="font-size: 12pt">COVENANTS OF THE PARTIES



<P align="left" style="font-size: 12pt; text-indent: 13%">Section&nbsp;5.1 <U>Conduct of Business </U>(a)&nbsp;Except as expressly provided in this Agreement or
as set forth in Section&nbsp;5.1(a) of the Seller Disclosure Letter, from and after the date of this
Agreement and until the Closing Date, Seller shall cause Generation and the Material Subsidiaries
to conduct and maintain their respective businesses in the ordinary course of business, consistent
with past practice.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Except as contemplated by this Agreement or as set forth in Section&nbsp;5.1(b) of the Seller
Disclosure Letter, from and after the date of this Agreement and prior to the Closing Date, without
the prior written consent of Buyer (which consent shall not be unreasonably withheld, delayed or
conditioned), Seller shall cause each of Generation and the Material Subsidiaries not to:


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(i)&nbsp;amend its charter or organizational documents or merge with or into or
consolidate with any other Person;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ii)&nbsp;issue, sell, pledge, dispose of or encumber, or authorize or propose the
issuance, sale, pledge, disposition or encumbrance of, any shares of, or
securities convertible or exchangeable for, or options, puts, warrants, calls,
commitments or rights of any kind to acquire, any of its capital stock or other
membership or ownership interests or subdivide or in any way reclassify any shares
of its capital stock or other membership or ownership interests or change or agree
to change in any manner the rights of its outstanding capital stock or other
membership or ownership interests;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iii) (A)&nbsp;split, combine or reclassify any shares of any class or series of
capital stock or other equity interest of Generation or the Material Subsidiaries;
or (B)&nbsp;redeem, purchase or otherwise acquire directly or indirectly any shares of
any class or series of capital stock or other equity interests of Generation or
the Material Subsidiaries, or any instrument or security which consists of or
includes a right to acquire such shares or interests;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iv)&nbsp;except as may be required by agreements or arrangements currently in
effect, grant any severance or termination pay to, or enter into, extend or amend
any employment, consulting, severance or other compensation agreement with, or
otherwise increase the compensation or benefits provided to any of its officers or
other employees whose annual salary base is in excess of $150,000, other than in
the ordinary course of business, consistent with past practice, or agreements, the
liability for which shall be borne by Seller;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(v)&nbsp;terminate the employment of or dismiss any Employee who is entitled to a
base salary in excess of $200,000 per annum (&#147;<U>Senior Employee</U>&#148;);


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(vi)&nbsp;employ or agree to employ any new persons fully or part time at the
Material Subsidiaries where the total staff costs of the business of the Material
Subsidiaries would be increased in the aggregate by more than five percent (5%)
per annum;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(vii)&nbsp;sell, lease, license, mortgage or otherwise dispose of any properties
or assets material to its business, other than (A)&nbsp;sales made in the ordinary
course of business consistent with past practice or (B)&nbsp;sales of obsolete or other
assets not presently utilized in its business;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(viii)&nbsp;make any change in its material accounting principles, practices or
methods, other than as may be required by GAAP, Applicable Law or any Governmental
Authority;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ix)&nbsp;organize any new Subsidiary or acquire any capital stock of, or equity
or ownership interest in, any other Person;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(x)&nbsp;enter into, materially modify or amend or terminate any Material Contract
or waive, release or assign any material rights or Claims under a Material
Contract, except in the ordinary course of business consistent with past practice;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xi)&nbsp;make any capital expenditure in excess of ten percent (10%) of the
budgeted capital expenditures set forth in Section&nbsp;5.1(b)(xi) of the Seller
Disclosure Letter for Generation or such Material Subsidiary other than as
required by an emergency or a force majeure event;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xii)&nbsp;pay, repurchase, discharge or satisfy any of its material Claims,
Liabilities or obligations (absolute, accrued, asserted or unasserted, contingent
or otherwise), other than in the ordinary course of business and consistent with
past practice;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xiii)&nbsp;enter into any new Contract with Seller or its Affiliates (other than
Generation or a Material Subsidiary), except for any such Contracts in the
ordinary course of business consistent with past practice or Contracts terminable
on not more than 60&nbsp;days&#146; notice;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xiv)&nbsp;except for non-material routine claims incidental to the business of
Generation and the Material Subsidiaries, compromise or settle litigation or
arbitration proceedings or any action, demand or dispute or waive a right in
relation to litigation or arbitration proceedings, other than settlements
requiring payments in the aggregate of less than $1,000,000 or for which Seller is
obligated to indemnify Buyer pursuant to Section&nbsp;8.2(a)(iv) hereof;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xv)&nbsp;merge or amalgamate Generation or a Material Subsidiary with or into any
other body corporate or effect any restructuring of Generation or a Material
Subsidiary, other than the Reorganization and Merger;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xvi)&nbsp;present any petition, apply for any order or pass any resolution for
the winding up of Generation or a Material Subsidiary or for the appointment of a
liquidator or provisional liquidator to, or an administrator in respect of,
Generation or a Material Subsidiary, appoint a receiver over the whole or part of
Generation or a Material Subsidiary&#146;s business or assets; propose any voluntary
arrangement with any of the creditors of Generation or a Material Subsidiary,
agree to a composition, compromise, assignment or arrangement with any of
creditors of Generation or a Material Subsidiary;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xvii)&nbsp;cancel, modify in any material respect, revoke, suspend or fail to
renew any Permit, except to the extent a reasonable and prudent operator would
take or fail to take such actions;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xviii)&nbsp;permit any asset of Generation or a Material Subsidiary to be
subjected to any Lien, other than Permitted Liens and Liens that will be released
at or prior to Closing;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xix)&nbsp;make any election or exercise any discretion in connection with any
Plan outside the ordinary course of business;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xx)&nbsp;make available any Indebtedness to any other Person other than
Generation or a Material Subsidiary) in excess of $100,000 to any Person or in
excess of $1,000,000 in the aggregate;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xxi)&nbsp;except in connection with the prepayment of certain CMS Generation
Investment Company IV Indebtedness using the proceeds of the CGIC Loan Agreement,
make any voluntary prepayment of Indebtedness to an unaffiliated third party under
any financing agreement;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xxii)&nbsp;enter into any contract or transaction relating to the purchase of
material assets other than in the ordinary course of business consistent with past
practice;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xxiii) (A)&nbsp;incur or assume any Indebtedness (other than Indebtedness owed to
Generation or a Material Subsidiary and any Indebtedness incurred pursuant to
Section&nbsp;5.4 hereof); (B)&nbsp;modify the terms of any Indebtedness, other than
modifications of short-term debt in the ordinary course of business, consistent
with past practice; or (C)&nbsp;assume, guarantee, endorse or otherwise become liable
or responsible (whether directly, contingently or otherwise) for the material
obligations of any other Person;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xxiv)&nbsp;adopt a plan of complete or partial liquidation, dissolution,
restructuring, recapitalization or other reorganization;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xxv)&nbsp;enter into any commitments to pursue new development projects;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xxvi)&nbsp;except as otherwise provided in Sections&nbsp;5.15 and 5.16, make or change
any election for Tax purposes, change an annual accounting period for Tax
purposes, file any amended Tax Return, enter into any closing agreement for Tax
purposes, settle any Tax claim or assessment relating to Generation or any of the
Material Subsidiaries, surrender any right to claim a refund of Taxes, consent to
any extension or waiver of the limitation period applicable to any Tax claim or
assessment relating to Generation or any of the Material Subsidiaries, or take any
other action relating to the filing of any Tax Return or the payment of any Tax,
if such election, adoption, change, amendment, agreement, settlement, surrender,
consent or other action would have the effect of increasing the Tax liability of
Generation or any of the Material Subsidiaries for any period ending after the
Closing Date or decreasing any Tax attribute of Generation or any of the Material
Subsidiaries existing on the Closing Date; or


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(xxvii)&nbsp;authorize any of, or commit or agree to take any of, the actions
referred to in the paragraphs (i)&nbsp;through (xxvi)&nbsp;above.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt">For purposes of U.S. dollar amounts set forth in this Section&nbsp;5.1(b), amounts will
be interpreted to include the equivalent thereof in foreign currency based on then
current foreign exchange rates.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Except as contemplated by this Agreement, from and after the date hereof and prior to the
Closing Date, without the prior written consent of Buyer (which consent shall not be unreasonably
withheld, delayed or conditioned), Seller shall cause Generation not to make or permit any
Distribution.


<P align="left" style="font-size: 12pt">Section&nbsp;5.2 <U>Access to Properties and Records</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Subject to Applicable Law and any applicable restrictions as to confidentiality, Seller
shall use its reasonable best efforts to afford to Buyer and Buyer&#146;s accountants, counsel and
representatives reasonable access during normal business hours throughout the period prior to the
Closing Date (or the earlier termination of this Agreement pursuant to Article&nbsp;VII hereof) to all
of the properties, books, contracts, commitments, records (including all environmental studies,
reports and other environmental records) and personnel of Generation and the Material Subsidiaries
and, during such period, shall furnish to Buyer all information concerning the respective
businesses, properties, Liabilities and personnel of Generation and the Material Subsidiaries as
Buyer may request; <U>provided</U>, <U>however</U>, that Seller shall not be required to furnish
or make available any such materials to the extent that they are subject to a legal privilege that,
in the good faith judgment of Seller, may be lost or impaired by virtue of such disclosure. At the
Closing, all of the books of accounts, minute books, record books and other records (including
safety, health, environmental, maintenance and engineering records and drawings) pertaining to the
business operations of Generation and the Material Subsidiaries shall be delivered to Buyer to the
extent such materials are in Seller&#146;s possession. Notwithstanding anything to the contrary herein,
Buyer and its representatives shall not have the right to conduct any Phase II environmental due
diligence, including the collection and analysis of any samples of environmental media or building
materials.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;The information contained herein and in the Seller Disclosure Letter, reviewed by Buyer or
its representatives pursuant to Section&nbsp;5.2(a) or heretofore or hereafter delivered to Buyer or its
representatives in connection with the transactions contemplated by this Agreement shall be held in
confidence by Buyer and its representatives in accordance with the terms of the Confidentiality
Agreement.


<P align="left" style="font-size: 12pt">Section&nbsp;5.3 <U>Consents and Approvals</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Upon the terms and subject to the conditions of this Agreement, each of the parties hereto
agrees to use, and will cause its respective Affiliates to use, its reasonable best efforts to
take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary or
advisable under Applicable Law and regulations to consummate and make effective the transactions
contemplated by this Agreement as promptly as practicable including the preparation and filing of
all forms, registrations and notices required to be filed by such party in order to consummate the
transactions contemplated by this Agreement, the taking of all appropriate action necessary, proper
or advisable to satisfy each of the conditions to Closing that are to be satisfied by that party or
any of its Affiliates and the taking of such actions as are necessary to obtain any approvals,
consents, orders, exemptions or waivers of Governmental Authorities required to be obtained by such
party in order to consummate the transactions contemplated by this Agreement. Each party shall
promptly consult with the other with respect to, provide any necessary information with respect to,
and provide copies of all filings made by such party with any Governmental Authority or any other
information supplied by such party to a Governmental Authority in connection with, this Agreement
and the Related Agreements and the transactions contemplated hereby and thereby.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Without limiting the generality of the undertakings pursuant to this Section&nbsp;5.3, each of
Seller and Buyer shall use its reasonable best efforts to take, or cause to be taken, all action
and to do, or cause to be done, all things necessary under the Competition Laws to consummate and
make effective the transactions contemplated by this Agreement and the Related Agreements,
including furnishing all information required by applicable law in connection with approvals of or
filings with any Governmental Authority, including filing, or causing to be filed, as promptly as
practicable, any required notification and report forms under other applicable Competition Laws
with the applicable non-U.S. Governmental Antitrust Authority. The parties shall consult with each
other as to the appropriate time of filing such notifications and shall agree upon the timing of
such filings. All filing fees under any applicable Competition Law shall be borne by the party
responsible for making such filing, and each party will bear its own costs for the preparation of
any such filing. Each&nbsp;party shall (i)&nbsp;respond promptly to any request for additional information
made by&nbsp;the antitrust agency; (ii)&nbsp;promptly notify&nbsp;the other party&nbsp;of, and if in writing, furnish
the other party with copies of (or, in the case of material oral communications, advise the other
party orally of) any communications from or with&nbsp;the antitrust agency in connection with any of the
transactions contemplated by this Agreement; (iii)&nbsp;not participate in any meeting with&nbsp;the
antitrust agency unless it consults with the other party in advance and to the extent permitted by
the agency gives the other party the opportunity to attend and participate thereat; (iv)&nbsp;furnish
the other party with copies of all correspondence, filings and communications (and memoranda
setting forth the substance thereof) between it and the antitrust agency with respect to any of the
transactions contemplated by this Agreement; and (v)&nbsp;furnish the other party with such necessary
information and reasonable assistance as may be reasonably necessary in connection with the
preparation of necessary filings or submission of information to the antitrust agency and
consistent with appropriate confidentiality safeguards.&nbsp; The Parties shall use their reasonable
best efforts to cause the waiting periods under the applicable Competitions Laws to terminate or
expire at the earliest possible date after the date of filing.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;If any objections are asserted with respect to the transactions contemplated by this
Agreement, the Related Agreements, the CGIC Loan Agreement or the Consent and Support Agreement
under any Competition Law or if any suit or proceeding is instituted or threatened by any
Governmental Authority or any private party challenging any of the transactions contemplated by
this Agreement, the Related Agreements, the CGIC Loan Agreement or the Consent and Support
Agreement as violative of any Competition Law, each of Seller and Buyer shall use its best efforts
to promptly resolve such objections; provided, however, that notwithstanding anything to the
contrary in this Agreement, none of Seller or Buyer or any of their respective Affiliates shall
have any obligation to hold separate or divest any property or assets of Seller or Buyer, or any of
their respective Affiliates, or to defend against any lawsuit, action or proceeding, judicial or
administrative, challenging this Agreement, any Related Agreement, the CGIC Loan Agreement or the
Consent and Support Agreement or the transactions contemplated hereby or thereby.


<P align="left" style="font-size: 12pt">Section&nbsp;5.4 <U>Certain Subsidiary Level Debt</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Prior to Closing, Buyer shall use its reasonable best efforts to effect the prepayment in
full by CMS Generation Investment Company IV of the debt set forth in Section&nbsp;5.4(a) of the Seller
Disclosure Letter (the &#147;<U>Schedule&nbsp;5.4(a) Debt</U>&#148;) (including through entry into and draw down
under the CGIC Loan Agreement). Seller shall use its reasonable best efforts to cooperate and
assist Buyer in obtaining the approvals and consents necessary for the prepayment of the Schedule
5.4(a) Debt and Seller and Buyer shall use their reasonable best efforts to negotiate and enter
into any documentation necessary in connection with the CGIC Loan Agreement.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Prior to Closing (beginning immediately following the execution of this Agreement), Seller
and Buyer shall use their reasonable best efforts in obtaining from the lenders of Jorf, relevant
Governmental Authorities and other third parties the approvals and consents listed in Section
6.3(d) of the Seller Disclosure Letter under the headings &#147;Governmental consents&#148; and &#147;Jorf
consents&#148; and all other required approvals and consents of any Governmental Authority or other
third party in relation to the debt set forth in Section&nbsp;5.4(b) of the Seller Disclosure Letter
(the &#147;<U>Schedule&nbsp;5.4(b) Debt</U>&#148;) (without prejudice to the continuing obligations of Seller and
Buyer under Section&nbsp;5.4(c)).


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Prior to Closing (beginning immediately following the execution of this Agreement), Seller
and Buyer shall use their reasonable best efforts to prepare all documentation and obtain all
consents necessary to effect the refinancing contemplated by the term sheet attached hereto as
Exhibit&nbsp;G (the &#147;<U>JLEC Refinancing</U>&#148;) (without prejudice to the continuing obligations of
Seller and Buyer under Section&nbsp;5.4(b)). If the consents and approvals required pursuant to Section
5.4(b) have not been obtained prior to March&nbsp;10, 2007, Seller and Buyer (including in its capacity
as an indirect equity holder in Jorf and Neyveli) shall use their reasonable best efforts to effect
the JLEC Refinancing on May&nbsp;15, 2007 (or, if such day is not a Business Day as defined in the Jorf
Common Agreement, on the next or preceding Business Day in accordance with the Jorf Common
Agreement), in accordance with the term sheet attached hereto as Exhibit&nbsp;G, including, without
limitation, entering into any necessary documentation related thereto and using reasonable best
efforts to take all actions reflected in such term sheet by the dates specified therein (without
prejudice to the continuing obligations of Seller and Buyer under Section&nbsp;5.4(b)); provided,
however, that Buyer will not be required to effect the JLEC Refinancing if the consents and
approvals required pursuant to Section&nbsp;5.4(b) are obtained prior to 11:59&nbsp;p.m. (New York City time)
on April&nbsp;12, 2007 (or, if such day is not a Business Day as defined in the Jorf Common Agreement,
on the next or preceding Business Day in accordance with the Jorf Common Agreement) (the
"<U>Prepayment Notice Date</U>&#148;). Seller shall use its reasonable best efforts to cooperate and
assist Buyer in obtaining the approvals and consents necessary for the prepayment of the Schedule
5.4(b) Debt.


<P align="left" style="font-size: 12pt">Section&nbsp;5.5 <U>Further Assurances</U>. On and after the Closing Date, Seller and Buyer shall
cooperate and use their respective reasonable best efforts to take or cause to be taken all
appropriate actions and do, or cause to be done, all things necessary or appropriate to consummate
and make effective the transactions contemplated hereby as soon as reasonably possible following
the date hereof, including the execution of any additional documents or instruments of any kind,
the obtaining of consents which may be reasonably necessary or appropriate to carry out any of the
provisions hereof and the taking of all such other actions as such party may reasonably be
requested to take by the other party hereto from time to time, consistent with the terms of this
Agreement and the Related Agreements, to effectuate the provisions and purposes of this Agreement
and the Related Agreements and the transactions contemplated hereby and thereby.


<P align="left" style="font-size: 12pt">Section&nbsp;5.6 <U>Employee Matters</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Not less than thirty (30)&nbsp;Business Days prior to the Closing Date, Buyer may offer
employment, commencing as of the Closing Date, to such individuals identified on Section&nbsp;5.6(a) of
the Seller Disclosure Letter (the &#147;<U>Schedule&nbsp;5.6(a) Employees</U>&#148;) as it may determine in its
discretion. Buyer shall take all steps necessary to ensure that its hiring decisions and practices
in this regard are in accordance with Applicable Law. Not fewer than twenty (20)&nbsp;Business Days
prior to the Closing Date, Buyer shall notify Seller of the Schedule&nbsp;5.6(a) Employees who have
accepted Buyer&#146;s offer of employment. After the date hereof and prior to the Closing Date, Seller
shall provide Buyer with access, during reasonable business hours and upon reasonable notice, to
the Schedule&nbsp;5.6(a) Employees, and Buyer agrees that it shall use its best efforts to conduct its
hiring process, during reasonable business hours and upon reasonable notice, in a manner that
causes minimum disruption to the operations of Seller. Each of the Schedule&nbsp;5.6(a) Employees who
commences employment with Buyer effective as of (or who is on approved leave of absence on) the
Closing Date, together with the continuing employees of the Material Subsidiaries, shall be
referred to herein as &#147;<U>Transferred Employees</U>,&#148; and each Schedule&nbsp;5.6(a) Employee who is not
a Transferred Employee shall be referred to herein as a &#147;<U>Non-Hired Employee</U>.&#148;


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Following the Closing for a period of one (1)&nbsp;year, none of Buyer, Generation or their
Affiliates shall hire in any capacity (whether as an employee, consultant, independent contractor
or otherwise) any Non-Hired Employee who has been terminated by, and received severance
compensation from, Seller unless and until Buyer reimburses Seller for a reasonable portion of such
severance compensation.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Following the Closing for a period of one (1)&nbsp;year, none of Buyer, Generation or their
Affiliates shall directly or indirectly solicit the employment or services of, or hire in any
capacity (whether as an employee, consultant, independent contractor or otherwise) any employee (i)
of Seller or its Affiliates who is not a Schedule&nbsp;5.6(a) Employee or (ii)&nbsp;of Energy or its
Affiliates without the prior written consent of Seller, which may not be unreasonably withheld,
conditioned or delayed absent significant business rationale for Seller to retain such employee for
a reasonable time and purpose.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;Buyer, Generation and the Subsidiaries of Generation shall be responsible for all
Liabilities and obligations under the Worker Adjustment and Retraining Notification Act and similar
foreign, state and local rules, statutes and ordinances resulting from the actions of Buyer,
Generation and the Subsidiaries of Generation after the Closing Date. Buyer agrees to indemnify
Seller and to defend and hold Seller harmless for any breach of such responsibility and Buyer&#146;s
indemnification of Seller in this regard specifically includes any Claim by any of the Transferred
Employees for back pay, front pay, benefits or compensatory or punitive damages, any Claim by any
Governmental Authority for penalties regarding any issue of prior notification (or lack thereof) of
any plant closing or mass layoff occurring after the Closing Date and Seller&#146;s costs, including
reasonable attorney&#146;s fees, in defending any such Claims.


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;Buyer and Seller shall cooperate as reasonably necessary to implement the provisions of
this Section&nbsp;5.6 and agree to provide each other with such records and information as may be
necessary and appropriate to carry out their respective obligations under this Section&nbsp;5.6.


<P align="left" style="font-size: 12pt">Section&nbsp;5.7 <U>Tax Covenants</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;<U>Section&nbsp;338(g) Elections</U>. Buyer shall not make any election under Section 338(g)
of the Code (or any analogous provision of state, local, or foreign income tax law) with respect to
the deemed purchase of the equity interests of any Generation Non-U.S. Subsidiary.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;<U>Section&nbsp;338(h)(10) Elections</U>.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(i)&nbsp;Seller and Buyer shall jointly make elections under Section&nbsp;338(h)(10) of
the Code (and any comparable provision of applicable state or local income tax
law) with respect to the deemed purchase of the equity interests of each
Generation U.S. Subsidiary that constitutes a corporation (within the meaning of
Section&nbsp;7701(a)(3) of the Code) as shown in Section&nbsp;5.15 of the Seller Disclosure
Letter, pursuant to this Agreement and shall cooperate with each other to take all
reasonable actions necessary and appropriate (including filing such additional
forms, returns, elections schedules and other documents as may be required) to
effect and preserve such timely elections, in accordance with the provisions of
Treasury Regulation&nbsp;Section&nbsp;1.338(h)(10)-1 (or any comparable provisions of state
or local tax law) (the &#147;<U>Elections</U>&#148;).


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ii)&nbsp;In connection with the Elections, Buyer and Seller shall mutually
prepare a Form&nbsp;8023 (or successor form) with any attachments with respect to each
such Generation U.S. Subsidiary. Seller shall prepare a draft Form&nbsp;8883 (or
successor form) with respect to each such Generation U.S. Subsidiary and provide
such draft Forms 8883 to Buyer no later than ninety (90)&nbsp;days prior to the due
date of such Forms 8883. If, within thirty (30)&nbsp;days of the receipt of any draft
Form&nbsp;8883, Buyer notifies Seller that it disagrees with any draft Form&nbsp;8883, then
Seller and Buyer shall attempt to resolve their disagreement within the twenty
(20)&nbsp;days following Buyer&#146;s notification of Seller of such disagreement;
otherwise, the draft Forms 8883 shall become &#147;<U>Final Forms 8883</U>.&#148; If
Seller and Buyer are unable to resolve their disagreement, the dispute shall be
submitted to a mutually agreed upon nationally recognized independent accounting
firm, whose expense shall be borne equally by Seller and Buyer, for resolution
within twenty (20)&nbsp;days of such submission. Any Form&nbsp;8883 delivered by such
accounting firm shall be a Final Form&nbsp;8883. The Final Forms 8883 shall be binding
on Buyer, Seller, and their respective Affiliates. Except as otherwise required
by a final determination, Buyer and Seller shall take no position, and cause their
respective Affiliates to take no position, inconsistent with the Final Forms 8883.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iii)&nbsp;Buyer and Seller shall mutually prepare, in a manner similar to the
above procedure, any forms or schedules similar to Forms 8023 or 8883 that are
required by provisions of Applicable Law that are comparable to Treasury
Regulation&nbsp;Section&nbsp;1.338(h)(10)-1. In the event that any Forms 8023 or Final Form
8883 (or similar forms or schedules required for provisions of Applicable Law) is
disputed by any Taxing authority, the party receiving written notice of the
dispute shall promptly notify the other party hereto concerning such dispute.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;<U>Tax Return Filings, Refunds, and Credits</U>.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(i)&nbsp;Seller shall timely prepare and file (or cause such preparation and
filing) with the appropriate Tax authorities all Tax Returns (including any
Consolidated Income Tax Returns) with respect to Generation and the Material
Subsidiaries for Tax periods that end on or before the Closing Date (the
&#147;<U>Seller Returns</U>&#148;), and will pay (or cause to be paid) all Taxes due with
respect to the Seller Returns.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ii)&nbsp;Buyer shall timely prepare and file (or cause such preparation and
filing) with the appropriate Tax authorities all Tax Returns (the &#147;<U>Straddle
Period Returns</U>&#148;) with respect to Generation and the Material Subsidiaries for
all Tax periods ending after the Closing Date that include the Closing Date (the
&#147;<U>Straddle Period</U>&#148;). All Straddle Period Returns shall be prepared in
accordance with past practice; provided that there is substantial authority (or
analogous authority for purpose of the particular Tax) for such past practice.
Buyer shall provide Seller with copies of any Straddle Period Returns at least
forty-five (45)&nbsp;days prior to the due date thereof (giving effect to any
extensions thereto), accompanied by a statement (the &#147;<U>Straddle Statement</U>&#148;)
setting forth and calculating in reasonable detail the Pre-Closing Taxes of
Generation and each Material Subsidiary. If Seller agrees with the Straddle
Period Return and Straddle Statement, Seller shall pay to Buyer (or Buyer shall
pay to Seller, if appropriate) an amount equal to the Ownership Percentage of the
Pre-Closing Taxes of Generation and each Material Subsidiary as shown on the
Straddle Statement not later than two (2)&nbsp;Business Days before the due date
(including any extensions thereof) for payment of Taxes with respect to such
Straddle Period Return. If, within fifteen (15)&nbsp;days of the receipt of the
Straddle Period Return and Straddle Statement, Seller notifies Buyer that it
disputes the manner of preparation of the Straddle Period Return or the amount
calculated in the Straddle Statement, then Buyer and Seller shall attempt to
resolve their disagreement within the five (5)&nbsp;days following Seller&#146;s
notification of Buyer of such disagreement. If Buyer and Seller are unable to
resolve their disagreement, the dispute shall be submitted to a mutually agreed
upon nationally recognized independent accounting firm, whose expense shall be
borne equally by Buyer and Seller, for resolution, if possible, within twenty (20)
days of such submission. If the parties have not agreed on an independent
accounting firm within fifteen (15)&nbsp;days following Seller&#146;s notification of Buyer
of such disagreement, on the request of any party such independent accounting firm
shall be appointed by the International Court of Arbitration of the International
Chamber of Commerce (the &#147;<U>ICAICC</U>&#148;). Any independent accounting firm
appointed by the ICAICC shall be an impartial and disinterested senior partner in
an internationally recognized accounting firm. The decision of such accounting
firm with respect to such dispute shall be binding upon Buyer and Seller, and
Seller shall pay to Buyer (or Buyer shall pay to Seller, if appropriate) an amount
equal to the Ownership Percentage of the Pre-Closing Taxes of Generation and each
Material Subsidiary as decided by such accounting firm not later than two (2)
Business Days before the due date (including any extensions thereof) for payment
of Taxes with respect to such Straddle Period Return.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iii)&nbsp;From and after the Closing Date, Buyer and its Affiliates (including
Generation and, to the extent within the power of Buyer using its reasonable best
efforts, the Material Subsidiaries) will not file any amended Tax Return,
carryback claim, or other adjustment request with respect to Generation and any
Material Subsidiary for any Tax period that includes or ends on or before the
Closing Date unless Seller consents in writing or otherwise required by Applicable
Law or as a result of a tax proceeding; <U>provided</U>, <U>however</U>, that
(i)&nbsp;with respect to any Straddle Period Return, such consent shall not be
unreasonably withheld, delayed or conditioned and (ii)&nbsp;to the extent that under
Applicable Law, Buyer is not able to waive or forgo any carryback, (A)&nbsp;Buyer shall
notify Seller of the amount and character of such item, (B)&nbsp;Seller shall
reasonably cooperate with Buyer in obtaining any Tax refund or credit with respect
to such item and (C)&nbsp;upon receipt of any such Tax refund or credit, Seller shall
promptly pay over the amount of the Tax refund or credit to Buyer in immediately
available funds.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iv)&nbsp;For purposes of this Agreement, any Taxes of Generation and any Material
Subsidiary that are attributable to Tax periods ending on or before the Closing
Date or, with respect to any Straddle Period, the portion of such period ending on
and including the Closing Date, shall constitute &#147;<U>Pre-Closing Taxes</U>&#148; to
the extent of the excess of (A)&nbsp;the amount of such Taxes over (B)&nbsp;any payment or
advances of Taxes or any payments of estimated Taxes with respect to such period
made on or before the Closing Date. For purposes of clause (A)&nbsp;of the preceding
sentence, such Taxes shall be computed on the basis of an interim closing of the
books as of the end of the Closing Date, except that any exemption, deduction,
credit or other item that is calculated on an annual basis shall be allocated to
the portion of the Straddle Period ending on the Closing Date on a pro rata basis
determined by multiplying the total amount of such item allocated to the Straddle
Period by a fraction, the numerator of which is the number of calendar days in the
portion of the Straddle Period ending on the Closing Date and the denominator of
which is the number of calendar days in the entire Straddle Period. Pre-Closing
Taxes include any Taxes attributable to any Material Subsidiary that is treated as
a partnership for U.S. federal income tax purposes as if the Material Subsidiary
allocated Tax items to its partners in a manner consistent with this Section
5.7(b)(iv). The parties hereto will, to the extent permitted by Applicable Law,
elect with the relevant Tax authority to treat as a short taxable period the
portion of any Straddle Period ending as of the close of business on the Closing
Date. For purposes of this Agreement, &#147;<U>Post-Closing Taxes</U>&#148; shall include
any Taxes of Generation and any Material Subsidiary that are payable with respect
to Tax periods beginning after the Closing Date or a Straddle Period, except for
the portion of any such Taxes that constitutes Pre-Closing Taxes.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(v)&nbsp;Except as provided in Section&nbsp;5.7(c)(iii) with respect to carrybacks, if
a Tax Indemnified Party actually receives a refund or credit or other
reimbursement with respect to Taxes for which it would be indemnified under this
Agreement, the Tax Indemnified Party shall pay over such refund or credit or other
reimbursement to the Tax Indemnifying Party.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(vi)&nbsp;Buyer shall not, and shall cause Generation and, to the extent within
the power of Buyer using reasonable best efforts, any Material Subsidiary to not,
make, amend or revoke any Tax election if such action would reasonably be expected
to adversely affect any of Seller or its Affiliates with respect to any Tax period
ending on or before the Closing Date or for the pre-Closing portion of any
Straddle Period or any Tax refund or credit with respect thereto. Seller shall
not, and shall cause Generation and any Material Subsidiary to not, make, amend
or revoke any Tax election if such action would reasonably be expected to
adversely affect any of Buyer or its Affiliates with respect to any Tax period
beginning after the Closing Date or for the post-Closing portion of any Straddle
Period or any Tax refund or credit with respect thereto.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(vii)&nbsp;For purposes of this Agreement a &#147;<U>Consolidated Income Tax
Return</U>&#148; is any income Tax Return filed with respect to any consolidated,
combined, affiliated or unified group provided for under Section&nbsp;1501 of the Code
and the Treasury regulations under Section&nbsp;1502 of the Code, or any comparable
provisions of Applicable Law, other than any income Tax Return that includes only
Generation or any Material Subsidiary.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;<U>Indemnity for Taxes</U>.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(i)&nbsp;Seller hereby agrees to indemnify Buyer and its Affiliates against and
hold them harmless from the Ownership Percentage of any liability for (A)
Pre-Closing Taxes of Generation and any Material Subsidiary, and (B)&nbsp;all Taxes
that are attributable to Seller or any member (other than Generation and any
Material Subsidiary) of an affiliated, consolidated, combined or unitary Tax group
of which at least one of Generation or any Material Subsidiary was a member prior
to the Closing Date that is imposed under Treasury Regulation&nbsp;Section&nbsp;1.1502-6 (or
any similar provision of state, local or foreign Tax law) by reason of Generation
or any Material Subsidiary being included in any such Tax group.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ii)&nbsp;Buyer hereby agrees to indemnify Seller and its Affiliates against and
hold them harmless from the Ownership Percentage of any liability for Post-Closing
Taxes of Generation or any Material Subsidiary.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iii)&nbsp;The obligation of Seller to indemnify and hold harmless Buyer, on the
one hand, and the obligations of Buyer to indemnify and hold harmless Seller, on
the other hand, pursuant to this Section&nbsp;5.7, shall terminate thirty (30)&nbsp;days
following the expiration of the applicable statutes of limitations with respect to
the Tax Liabilities in question (giving effect to any waiver, mitigation or
extension thereof) and shall not be subject to the limitations in Article&nbsp;VIII
hereof.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iv)&nbsp;Any indemnification obligation under this Section&nbsp;5.7(d) shall be net of
any Tax Benefit realized by the indemnified party or any Material Subsidiary in a
Tax period beginning after the Closing Date or, with respect to a Straddle Period,
the portion of such Straddle Period beginning the day after the Closing Date. For
purposes of this Agreement, &#147;Tax Benefit&#148; shall mean the actual Tax savings
attributable to any deduction, expense, loss, credit or refund to the indemnified
party or any Material Subsidiary, as and when incurred or received, calculated on
a last item used basis, and in the case of a Material Subsidiary, limited to the
Ownership Percentage thereof.


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;<U>Certain Payments</U>. Buyer and Seller agree to treat (and cause their Affiliates to
treat) any payment under this Section&nbsp;5.7 as an adjustment to the Purchase Price for all Tax
purposes.


<P align="left" style="font-size: 12pt; text-indent: 13%">(f)&nbsp;<U>Contests</U>.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(i)&nbsp;After the Closing Date, Seller and Buyer each shall notify the other
party in writing within ten (10)&nbsp;days of the commencement of any Tax audit or
administrative or judicial proceeding affecting the Taxes of any of Generation or
the Material Subsidiaries that, if determined adversely to the taxpayer would be
grounds for indemnification under this Section&nbsp;5.7 of one party (the &#147;<U>Tax
Indemnified Party</U>&#148;) by the other party (the &#147;<U>Tax Indemnifying Party</U>&#148;
and a &#147;<U>Tax Claim</U>&#148;). Such notice shall contain factual information
describing any asserted Tax liability in reasonable detail and shall include
copies of any notice or other document received from any Tax authority in respect
of any such asserted Tax liability. Failure to give such notification shall not
affect the indemnification provided in this Section&nbsp;5.7 except to the extent the
Tax Indemnifying Party shall have been actually prejudiced as a result of such
failure. Thereafter, the Tax Indemnified Party shall deliver to the Tax
Indemnifying Party, as promptly as possible but in no event later than ten (10)
days after the Tax Indemnified Party&#146;s receipt thereof, copies of all relevant
notices and documents (including court papers) received by the Tax Indemnified
Party.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ii)&nbsp;In the case of an audit or administrative or judicial proceeding
involving any asserted liability for Taxes of Generation or any Material
Subsidiary relating to any taxable years or periods ending on or before the
Closing Date or any Straddle Period, as between Buyer and Seller, Seller shall
have the right, at its sole expense, to control the conduct of such audit or
proceeding; <U>provided</U>, <U>however</U>, that (A)&nbsp;with respect to Straddle
Periods, Seller shall keep Buyer reasonably informed with respect to the status of
such audit or proceeding and provide Buyer with copies of all written
correspondence with respect to such audit or proceeding in a timely manner, (B)&nbsp;if
such audit or proceeding would be reasonably expected to result in a material
increase in Tax liability of Generation or any Material Subsidiary for which Buyer
would be liable under this Section&nbsp;5.7, Buyer may participate in the conduct of
such audit or proceeding at its own expense and (C)&nbsp;Seller shall not consent to
any settlement or adjustment with respect to such audit or proceeding without the
written consent of Buyer if such settlement or adjustment would have the effect of
materially increasing the Tax liability of Buyer, Generation or any Material
Subsidiary after the Closing Date.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iii)&nbsp;In the case of an audit or administrative or judicial proceeding
involving any asserted liability for Taxes of Generation or any Material
Subsidiary relating to any taxable years or periods beginning after the Closing
Date, as between Buyer and Seller, Buyer shall have the right, at its expense, to
control the conduct of such audit or proceeding.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iv)&nbsp;Buyer and Seller shall reasonably cooperate in connection with any Tax
Claim, and such cooperation shall include the provision to the Tax Indemnifying
Party of records and information which are reasonably relevant to such Tax Claim
and making employees available on a mutually convenient basis to provide
additional information and explanation of any material provided hereunder.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(v)&nbsp;Notwithstanding anything to the contrary in this Section&nbsp;5.7(f), and for
the avoidance of doubt, in the case of any Tax Claim, audit or administrative or
judicial proceeding with respect to any Material Subsidiary that is not a
wholly-owned Subsidiary, the Tax Indemnified Party shall only be required
hereunder to confer on the Tax Indemnifying Party such rights as it would
otherwise have vis-&#224;-vis third parties with respect to such Tax Claim, audit or
administrative or judicial proceeding.


<P align="left" style="font-size: 12pt; text-indent: 13%">(g)&nbsp;<U>Assistance and Cooperation</U>.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(i)&nbsp;Seller and Buyer shall reasonably cooperate in preparing and filing all
Tax Returns with respect to any of Generation or the Material Subsidiaries,
including maintaining and making available to each other all records and personnel
reasonably necessary in connection with Taxes of any of Generation or the Material
Subsidiaries and in resolving all disputes and audits with respect to all Tax
periods relating to Taxes of any of Generation or the Material Subsidiaries.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ii)&nbsp;For a period of seven (7)&nbsp;years after the Closing Date, Seller and its
representatives shall have reasonable access to the books and records (including
the right to make extracts thereof) of any of Generation or the Material
Subsidiaries to the extent that such books and records relate to Taxes and to the
extent that such access (i)&nbsp;is within the power of Buyer using reasonable best
efforts and (ii)&nbsp;may reasonably be required by Seller in connection with matters
relating to or affected by the operation of any of Generation or the Material
Subsidiaries prior to the Closing Date. Such access shall be afforded by Buyer
upon receipt of reasonable advance notice and during normal business hours. If
Buyer shall desire to dispose of any of such books and records prior to the
expiration of such seven-year period, Buyer shall, prior to such disposition, give
Seller a reasonable opportunity, at Seller&#146;s expense, to segregate and remove such
books and records as Seller may select.


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iii)&nbsp;For a period of seven (7)&nbsp;years after the Closing Date, Buyer and its
representatives shall have reasonable access to the books and records (including
the right to make extracts thereof) of Seller to the extent that such books and
records relate to Taxes of Generation or the Material Subsidiaries and to the
extent that such access (i)&nbsp;is within the power of Seller using reasonable best
efforts and (ii)&nbsp;may reasonably be required by Buyer in connection with matters
relating to or affected by the operation of any of Generation or the Material
Subsidiaries after the Closing Date. Such access shall be afforded by Seller upon
receipt of reasonable advance notice and during normal business hours. If Seller
shall desire to dispose of any such books and records prior to the expiration of
such seven year period, Seller shall, prior to such disposition, give Buyer
reasonable opportunity, at Buyer&#146;s expense, to segregate and remove such books and
records as Buyer may select.


<P align="left" style="font-size: 12pt; text-indent: 13%">(h)&nbsp;<U>Transfer and Similar Taxes</U>. Notwithstanding any other provisions of this
Agreement to the contrary, all sales, use, transfer, stamp, duties, recording and similar Taxes
(collectively, &#147;<U>Transfer Taxes</U>&#148;) incurred in connection with the transactions contemplated
by this Agreement shall be borne by 50% by Seller and 50% by Buyer, and Buyer shall file all
necessary Tax Returns and other documentation with respect to Transfer Taxes. If required by
Applicable Law, Seller will join in the execution of any such Tax Return. Buyer shall provide
copies of any Tax Returns with respect to Transfer Taxes to Seller no later than five (5)&nbsp;days
after the due dates of such Tax Returns.


<P align="left" style="font-size: 12pt; text-indent: 13%">(i)&nbsp;<U>Termination of Tax Sharing Agreements</U>. On or prior to the Closing Date, Seller
shall cause all Tax sharing agreements between Seller or any of its Affiliates (as determined
immediately after the Closing Date) on the one hand, and any of Generation or the Material
Subsidiaries on the other hand, to be terminated, and all obligations thereunder shall be settled,
and no additional payments shall be made under any provisions thereof after the Closing Date.


<P align="left" style="font-size: 12pt; text-indent: 13%">(j)&nbsp;<U>Post-Closing Actions Affecting Seller&#146;s Liability for Taxes</U>. During any Taxable
year that includes the Closing Date, Buyer shall (i)&nbsp;consult in good faith with <U>Seller</U>
prior to (A)&nbsp;the sale of all or a material portion of the assets of any Subsidiary listed on
Section&nbsp;5.7(j) of the Seller Disclosure Letter (a &#147;<U>Section&nbsp;5.7(j) Subsidiary</U>&#148;) other than
in the ordinary course of business or (B)&nbsp;the liquidation or dissolution of any Section&nbsp;5.7(j)
Subsidiary in a transaction that would be treated as a taxable liquidation of a corporation for
United States federal income tax purposes and (ii)&nbsp;use reasonable best efforts, to the extent
within its power, to structure such transaction (or to cause such transaction to be structured) in
a manner intended (based on consultation in good faith with Seller) to minimize any increased
United States federal income tax burden that Seller would suffer as a result of such actions;
<U>provided</U>, <U>however</U>, that Buyer shall have reasonable discretion to conduct and
manage the business and organize the ownership structure of the Section&nbsp;5.7(j) Subsidiaries in a
manner it deems reasonably advisable, and <U>provided</U>, <U>further</U>, that Buyer shall not
be required to indemnify Seller for any increase in Taxes that occurs as a result of such actions.
For the avoidance of doubt, (i)&nbsp;this Section&nbsp;5.7(j) does not apply to any Taxable year beginning
after the end of the Taxable year that includes the Closing Date and (ii)&nbsp;each Taxable year shall
be deemed to begin on January 1<sup>st</sup> and end on December&nbsp;31<sup>st</sup>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(k)&nbsp;For purposes of applying this Section&nbsp;5.7, but subject to Section&nbsp;5.16, when applying the
definitions &#147;Pre-Closing Taxes,&#148; &#147;Post-Closing Taxes,&#148; and &#147;Straddle Period,&#148; to Taxes of Material
Subsidiaries other than Generation US Subsidiaries, the term &#147;Closing Date&#148; as used in such
definitions shall mean September&nbsp;30, 2006.


<P align="left" style="font-size: 12pt">Section&nbsp;5.8 <U>Intercompany Accounts</U>. Except as set forth on Section&nbsp;5.8 of the Seller
Disclosure Letter, prior to the Closing Date, subject to Section&nbsp;5.1(c), Seller shall, and shall
cause its Affiliates (other than Generation and the Material Subsidiaries) to, settle intercompany
accounts payable to Generation or the Material Subsidiaries and accounts receivable from Generation
or the Material Subsidiaries. Except as set forth in Section&nbsp;5.8 of the Seller Disclosure Letter,
subject to Section&nbsp;5.1(c), Seller shall determine the method by which such intercompany accounts
are eliminated including, but not limited to, by means of setoff, settlement, capital contribution
or reduction in capital, with the intent of such intercompany account elimination not to adversely
affect the cash position of Generation and the Material Subsidiaries.


<P align="left" style="font-size: 12pt">Section&nbsp;5.9 <U>Maintenance of Insurance Policies</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Prior to the Closing Date, Seller shall (and shall ensure that each of its Affiliates
shall) continue in force and comply with all Insurance Policies in respect of the businesses of
Generation and the Material Subsidiaries.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;If any insured event occurs before Closing in relation to Generation and the Material
Subsidiaries, Seller shall use reasonable best efforts to make recovery under the relevant
Insurance Policy prior to Closing. To the extent that recovery is made, Seller shall ensure that
the proceeds are dealt with in accordance with procedures normally observed by the businesses of
Generation and the Material Subsidiaries.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Seller shall ensure that each of its Affiliates shall take such steps as Buyer reasonably
requires to make and/or pursue any claim (including giving notice of the claim to the insurer at
the request of Buyer) or to assist Buyer, Generation or any Material Subsidiary in making the
claim, and shall pay to Buyer (on behalf of Generation or any Material Subsidiary) any proceeds
actually received by Seller or its Affiliates within fifteen (15)&nbsp;Business Days of their receipt.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;Seller and Buyer agree that Casualty Insurance Claims relating to the businesses of
Generation and the Generation Subsidiaries (including reported claims and including incurred but
not reported claims) will remain with Generation and the Generation Subsidiaries immediately
following the Closing. For purposes hereof, &#147;<U>Casualty Insurance Claims</U>&#148; shall mean
workers&#146; compensation, auto liability, general liability, directors and officers liability and
products liability claims, claims for damages caused to the facilities of Generation and the
Generation Subsidiaries generally insured under all risk, real property, boiler and mechanical
breakdown insurance coverage. The Casualty Insurance Claims are subject to the provisions of
policies of insurance with insurance carriers and contractual arrangements with insurance adjusters
maintained by Seller or its Affiliates prior to the Closing (collectively, the &#147;<U>Insurance
Policies</U>&#148;). With respect to the Casualty Insurance Claims, the following procedures shall
apply: (i)&nbsp;Seller or its Affiliates shall continue to administer, adjust, settle and pay, on
behalf of Generation and the Generation Subsidiaries, all Casualty Insurance Claims with dates of
occurrence prior to the date of Closing and (ii)&nbsp;Seller shall invoice Buyer at the end of each
month for Casualty Insurance Claims paid on behalf of Generation and the Generation Subsidiaries by
Seller. In the event that Buyer does not pay, or cause to be paid, to Seller such amount due
within fifteen (15)&nbsp;days of such invoice, interest at the rate of ten percent (10%) per annum shall
accrue on the amount of such invoice. Casualty Insurance Claims to be paid by Seller hereunder
shall include all costs necessary to settle claims including compensatory, medical, legal and other
allocated expenses. In the event that any Casualty Insurance Claim exceeds a deductible or
self-insured retention under the Insurance Policies, Seller shall be entitled to the benefit of any
insurance proceeds that may be available to discharge any portion of such Casualty Insurance Claim.


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;Seller makes no representation or warranty with respect to the applicability or adequacy
or, except as set forth in Section&nbsp;3.15 hereof, validity of any Insurance Policies, and Seller
shall not be responsible to Buyer or any of its Affiliates for the failure of any insurer to pay
under any such Insurance Policy.


<P align="left" style="font-size: 12pt; text-indent: 13%">(f)&nbsp;Nothing in this Agreement is intended to provide or shall be construed as providing a
benefit or release to any insurer or claims service organization of any obligation under any
Insurance Policies. Seller and Buyer confirm that the sole intention of this Section&nbsp;5.9 is to
divide and allocate the benefits and obligations under the Insurance Policies between them as of
the Closing Date and not to effect, enhance or diminish the rights and obligations of any insurer
or claims service organization thereunder. Nothing herein shall be construed as creating or
permitting any insurer or claims service organization the right of subrogation against Seller or
Buyer or any of their Affiliates in respect of payments made by one to the other under any
Insurance Policy.


<P align="left" style="font-size: 12pt; text-indent: 13%">(g)&nbsp;If Buyer requests a copy of an Insurance Policy relating to a pending or threatened
Casualty Insurance Claim, Seller shall provide a copy of all relevant insurance policies which
insure such Casualty Insurance Claims within five (5)&nbsp;Business Days, provided, that if Seller
cannot provide such policy within five (5)&nbsp;days after exercising reasonable best efforts to locate
such policy, Seller shall continue to exercise its reasonable best efforts to provide such policy
to Buyer as soon as possible thereafter.


<P align="left" style="font-size: 12pt">Section&nbsp;5.10 <U>Preservation of Records</U>. Buyer agrees that it shall, at its own expense,
preserve and keep the records held by it relating to the respective businesses of Generation and
the Material Subsidiaries that could reasonably be required after the Closing by Seller for the
greater of (a)&nbsp;the time periods required pursuant to the Access and Support Agreement and (b)&nbsp;the
time periods required pursuant to the applicable document retention program in effect on the
Closing Date (a copy of which has been provided to Buyer); provided, however, that upon expiration
of such period, as applicable, Buyer shall give written notice to Seller if it or the custodian of
such books and records proposes to destroy or dispose of the same. Seller shall have the
opportunity for a period of thirty (30)&nbsp;days after receiving such notice to elect to have some or
all of such books and records delivered, at Seller&#146;s expense and risk, to a location chosen by
Seller. In addition, at Seller&#146;s expense Buyer shall make such records available to Seller as may
reasonably be required by Seller in connection with, among other things, any insurance claim, legal
proceeding or governmental investigation relating to the respective businesses of Seller and its
Affiliates, including Generation and the Material Subsidiaries.


<P align="left" style="font-size: 12pt">Section&nbsp;5.11 <U>Public Statements</U>. On or prior to the Closing Date, neither party shall, nor
shall permit its Affiliates to, issue or cause the publication of any press release or other
announcement with respect to this Agreement, the Related Agreements or the Consent and Support
Agreement or the transactions contemplated hereby or thereby without the consent of the other party
hereto. Notwithstanding the foregoing, in the event any such press release or announcement is
required by law, court process or stock exchange rule to be made by the party proposing to issue
the same, such party shall use its reasonable best efforts to consult in good faith with the other
party prior to the issuance of any such press release or announcement.


<P align="left" style="font-size: 12pt">Section&nbsp;5.12 <U>Certain Transactions</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Buyer and Seller shall not, and shall not permit any of their respective Subsidiaries to,
acquire or agree to acquire by merging or consolidating with, or by purchasing a substantial
portion of the assets of or equity in, or by any other manner, any business or any corporation,
partnership, association or other business organization or division thereof, or otherwise acquire
or agree to acquire any assets if the entering into of a definitive agreement relating to, or the
consummation of such acquisition, merger or consolidation would reasonably be expected to (i)
impose any material delay in the obtaining of, or significantly increase the risk of not obtaining,
any authorizations, consents, orders, declarations or approvals of any Governmental Authority
necessary to consummate the transactions contemplated by this Agreement or the expiration or
termination of any applicable waiting period, (ii)&nbsp;significantly increase the risk of any
Governmental Authority entering an order prohibiting the consummation of the transactions
contemplated by this Agreement, (iii)&nbsp;significantly increase the risk of not being able to remove
any such order on appeal or otherwise or (iv)&nbsp;materially delay or prevent the consummation of the
transactions contemplated by this Agreement; <U>provided</U>, <U>however</U>, that nothing in
this Section&nbsp;5.12(a) shall prevent the parties from engaging from the actions set forth in Section
5.12 of the Seller Disclosure Letter.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Prior to Closing, Buyer shall not, and shall not permit any of its Affiliates to, agree to
divest or otherwise dispose of, or cause the divestiture or disposition of, any of the Generation
Interests, except as set forth in Section&nbsp;5.3.


<P align="left" style="font-size: 12pt">Section&nbsp;5.13 <U>Use of Corporate Name; Transitional Use of Seller&#146;s Name</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;As soon as reasonably practicable following the Closing Date, but in no event later than
ninety (90)&nbsp;days following the Closing Date, Buyer shall cause each of Generation and the
Subsidiaries of Generation located in North America to change its corporate name to a name that
does not include &#147;<U>CMS</U>&#148; and to make any necessary legal filings with the appropriate
Governmental Authorities to effectuate such changes. Buyer and its Affiliates shall hold harmless
and indemnify Seller and any of its Affiliates against all Damages resulting from or arising in
connection with the use by Buyer or any of its Affiliates of the &#147;<U>CMS</U>&#148; name as provided in
this Section&nbsp;5.13.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;At Closing, Seller and Buyer shall enter into the License Agreement, pursuant to which
Seller shall grant to Buyer a limited, non-transferable license to use the name and mark &#147;<U>CMS
Generation Co</U>&#148; in jurisdictions outside North and South America on the terms and subject to the
conditions set forth therein (including those with respect to quality control).


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Seller hereby grants to Buyer and its Affiliates a limited, non-exclusive, royalty-free
license to use the trademarks, service marks and trade names listed on 5.13(c) of the Seller
Disclosure Letter, together with all slogans, logotypes, designs and trade dress associated
therewith that are, in each case, in existence as of the Closing Date and currently being used in
the conduct of the businesses of Generation and the Material Subsidiaries (collectively, the
"<U>Seller&#146;s Marks</U>&#148;) solely on and in connection with the goods and services of the respective
businesses of Generation and the Material Subsidiaries and that are embodied in or on any
stationery, business cards, advertising and promotional materials, packaging and labels, equipment,
manuals and other documentation, statements of work, trucks, hard hats, e-mail addresses, caller
ID, printed facsimile headers and footers, web page content and URLs for web sites, Messenger
screens and signs on facilities owned or leased by Generation or the Material Subsidiaries
(&#147;<U>Business Materials</U>&#148;), and for any administrative, corporate and legal use in connection
with the transition away from using the Seller&#146;s Marks; <U>provided</U>, that not more than six
(6)&nbsp;months following the Closing except as expressly provided in the License Agreement, Buyer shall
cease to (i)&nbsp;make any use of Seller&#146;s Marks and any names or marks related thereto or containing or
comprising the Seller&#146;s Marks, including any names or marks confusingly similar thereto or
derivative thereof, and (ii)&nbsp;hold itself out as having any affiliation with Seller or its
Affiliates.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;Any use by Buyer or any of its Affiliates of any of the Seller&#146;s Marks as permitted in
this Section&nbsp;5.13 is subject to their compliance with the quality control requirements and
guidelines in effect for the Seller&#146;s Marks as of the Closing Date and all such use shall be in a
manner and at the level of quality consistent with that in effect as of the Closing Date. Buyer
and its Affiliates shall hold harmless and indemnify Seller and any of its Affiliates for any
Damages resulting from or arising in connection with the use by Buyer or any of its Affiliates of
the Seller&#146;s Marks pursuant to this Section&nbsp;5.13.


<P align="left" style="font-size: 12pt">Section&nbsp;5.14 <U>Release of Guarantees</U>. Prior to the Closing, Buyer shall, effective on the
Closing Date, either (a)&nbsp;arrange for substitute letters of credit, guarantees and other obligations
on commercially reasonable terms to replace in all respects the indemnities, performance bonds,
performance guarantees, other guaranty obligations, letters of credit and other similar
arrangements of Seller or its Affiliates (collectively, the &#147;<U>Released Parties</U>&#148;) in favor of
any of Generation or a Material Subsidiary (collectively, &#147;<U>Guarantees</U>&#148;) or (b)&nbsp;assume all
obligations under each such Guarantee, obtaining from the creditor or other counter-party a full
release of the Released Parties. Section&nbsp;5.14 of the Seller Disclosure Letter contains a true and
accurate list of such Guarantees. Effective as of the Closing, Buyer shall terminate, or cause
Buyer or one of its Affiliates to be substituted in all respects for the Released Parties in
respect of, all obligations of the Released Parties under any such Guarantee. Buyer shall, to the
extent the beneficiary or counter-party under any Guarantee refuses to accept such a substitute
letter of credit, (i)&nbsp;obtain a letter of credit on behalf of a Released Party and (ii)&nbsp;indemnify
and hold harmless the Released Parties for any Losses arising from payments under such Guarantees
that relate to events or circumstances arising after the Closing. To the extent that any Released
Party has performance obligations under any such Guarantee, Buyer shall (i)&nbsp;perform such
obligations on behalf of such Released Party or (ii)&nbsp;otherwise take such action as reasonably
requested by Seller so as to put such Released Party in the same position as if Buyer, and not such
Released Party, had performed or was performing such obligations.


<P align="left" style="font-size: 12pt">Section&nbsp;5.15 <U>Reorganization</U>. Prior to the Closing, Seller shall undertake the corporate
restructuring steps set forth in Section&nbsp;5.15 of the Seller Disclosure Letter; provided, however,
that Seller shall be allowed to modify Section&nbsp;5.15 of the Seller Disclosure Schedule to avoid
any&nbsp;adverse regulatory or Tax implications to the extent such modifications&nbsp;do not materially and
negatively impact Buyer. Seller shall be responsible for the payment of all costs, Taxes and
expenses relating to the implementation of the Reorganization and Seller shall keep Buyer
reasonably updated in relation to the progress of the Reorganization.


<P align="left" style="font-size: 12pt">Section&nbsp;5.16 <U>Merger and Redomiciliation</U>. Prior to Closing, Seller shall (a)&nbsp;cause the
Merger to be consummated and (b)&nbsp;use its reasonable best efforts to cause the Redomiciliation and
the tax elections set forth in Section&nbsp;5.16 of the Seller Disclosure Letter (the &#147;<U>Tax
Elections</U>&#148;) to be consummated, and Seller shall keep Buyer reasonably updated in relation to
the progress of the Merger, Redomiciliation and Tax Elections and allow Buyer and its advisors
reasonable opportunity to review and comment on all documentation relating to the Merger,
Redomiciliation and Tax Elections. Buyer shall be responsible for the payment of all costs, Taxes
and reasonable expenses relating to the implementation of the Merger, Redomiciliation and Tax
Elections, up to an aggregate amount of $100,000.


<P align="left" style="font-size: 12pt">Section&nbsp;5.17 <U>CGIC Loan Agreement</U>. At least 30&nbsp;days prior to Closing, Buyer shall, or shall
cause one of its Affiliates to, and Seller shall cause CMS Generation Investment Company IV, to
enter into the CGIC Loan Agreement.


<P align="left" style="font-size: 12pt">Section&nbsp;5.18 <U>Assignment of Contracts</U>. At or prior to Closing, Seller shall use its
reasonable best efforts to assign all Contracts, liabilities and obligations associated with the
entities being transferred by Seller pursuant to the Reorganization such that such entities will
not be held, directly or indirectly, by Generation.


<P align="left" style="font-size: 12pt">Section&nbsp;5.19 <U>Financial Statements</U>. To the extent that an audit report for a more recent
period that reflected in the representation set forth in Section&nbsp;3.17 is provided to Seller at or
prior to the Closing, with respect to the financial statements of Jorf, Jubail, Neyveli, Takoradi,
Shuweihat CMS International Power Company PJSC, Taweelah or CMS Energy (UK)&nbsp;Limited, Jorf Lasfar
Handelsbolag, Jorf Lasfar Power Energy Aktiebolag or Jorf Lasfar Energiaktiebolag (each, &#147;2006
Financial Statements&#148;), Seller shall provide Buyer with a copy of the 2006 Financial Statements as
soon as reasonably practicable following its receipt thereof.


<P align="center" style="font-size: 12pt">ARTICLE VI



<P align="center" style="font-size: 12pt">CONDITIONS



<P align="left" style="font-size: 12pt">Section&nbsp;6.1 <U>Mutual Conditions to the Closing</U>. The respective obligations of each party to
consummate the transactions contemplated by this Agreement shall be subject to the satisfaction or
waiver of each of the following conditions at or prior to the Closing Date:


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Any waiting period (and any extension thereof) under any applicable Competition Law
relating to the transactions contemplated by this Agreement, which, by its terms is required to
have expired or been terminated prior to Closing, shall have expired or have been terminated;


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;No court of competent jurisdiction or other competent Governmental Authority shall have
issued a statute, rule, regulation, order, decree or injunction or taken any other action
restraining, enjoining or otherwise prohibiting the transactions contemplated by this Agreement and
the Related Agreements, except transactions that if prohibited would not have an adverse impact on
the economic value of the transactions contemplated by the Agreement or the Related Agreements.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;The Reorganization shall have been completed;


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;The Merger shall have been consummated; and


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;(i)&nbsp;if the consents required pursuant to Section&nbsp;5.4(b) have been received prior to the
Prepayment Notice Date, any consent of a third party required pursuant to Sections&nbsp;5.4(a) and (b)
shall have been obtained or (ii)&nbsp;if the consents required pursuant to Section&nbsp;5.4(b) have not been
received prior to the Prepayment Notice Date, any consent of a third party necessary to effect the
JLEC Refinancing shall have been obtained.


<P align="left" style="font-size: 12pt">Section&nbsp;6.2 <U>Buyer&#146;s Conditions to the Closing</U>.<sup> </sup> The obligations of Buyer to
consummate the transactions contemplated by this Agreement shall be subject to the satisfaction or
waiver of each of the following conditions at or prior to the Closing Date:


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;all representations and warranties of Seller in this Agreement (without taking into
account any materiality or Material Adverse Effect qualification therein) shall be true and correct
as of the Closing Date with the same effect as though such representations and warranties had been
made as of the Closing Date (except for representations and warranties that speak as of a specific
date or time, which shall be true and correct only as of such date or time), except (i)&nbsp;for changes
specifically contemplated or permitted by this Agreement and (ii)&nbsp;where such failure to be so true
and correct, either individually or in the aggregate, would not have a Material Adverse Effect as
of the Closing Date;


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Seller shall have performed in all material respects all of its obligations required to be
performed by it under this Agreement at or prior to the Closing Date;


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Seller shall have delivered to Buyer a certificate as to the satisfaction of the
conditions set forth in Sections&nbsp;6.2(a), (b)&nbsp;and (d), in the form set forth in <U>Exhibit&nbsp;E</U>
hereto, dated as of the Closing and executed by an officer of Seller;


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;there shall not have occurred after the date hereof any event or circumstance, which
individually or in the aggregate, has resulted in a Material Adverse Effect


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;Seller shall have complied in all material respects with its obligations pursuant to
Section&nbsp;5.4; and


<P align="left" style="font-size: 12pt; text-indent: 13%">(f)&nbsp;To the extent that 2006 Financial Statements have been completed prior to Closing, Seller
shall have provided such statements to Buyer (with the exception of Neyveli, which has a fiscal
year end of March&nbsp;31<sup>st</sup>).


<P align="left" style="font-size: 12pt">Section&nbsp;6.3 <U>Seller&#146;s Conditions to the Closing</U>. The obligations of Seller to consummate
the transactions contemplated by this Agreement shall be subject to the satisfaction or waiver of
each of the following conditions at or prior to the Closing Date:


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;all representations and warranties of Buyer in this Agreement (without taking into account
any materiality or Material Adverse Effect qualification therein) shall be true and correct as of
the Closing Date with the same effect as though such representations and warranties had been made
as of the Closing Date (except for representations and warranties that speak as of a specific date
or time, which shall be true and correct only as of such date or time), except (i)&nbsp;for changes
specifically contemplated or permitted by this Agreement and (ii)&nbsp;where such failure to be so true
and correct, either individually or in the aggregate, would not have a material adverse effect on
Buyer&#146;s ability to consummate the transactions contemplated hereby as of the Closing Date;


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Buyer shall have performed in all material respects all of its obligations required to be
performed by it under this Agreement at or prior to the Closing Date;


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Buyer shall have (i)&nbsp;complied in all material respects with its obligations pursuant to
Section&nbsp;5.4 and (ii)&nbsp;if the consents required pursuant to Section&nbsp;5.4(b) have not been received
prior to the Prepayment Notice Date, following Buyer&#146;s receipt of a duly executed draw down notice
submitted by Jorf in accordance with the agreed definitive documentation required to implement the
JLEC Refinancing at or prior to Closing, the Schedule&nbsp;5.4(b) Debt shall have been repaid in full as
contemplated by the JLEC Term Sheet;


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;The written consents set forth in Section&nbsp;6.3(d) of the Seller Disclosure Letter shall
have been obtained; and


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;Buyer shall have delivered to Seller a certificate as to the satisfaction of the
conditions set forth in Sections&nbsp;6.3(a), (b), (c)&nbsp;and (d), in the form set forth in <U>Exhibit
F</U> hereto, dated as of the Closing and executed by an officer of Buyer.


<P align="center" style="font-size: 12pt">ARTICLE VII



<P align="center" style="font-size: 12pt">TERMINATION AND ABANDONMENT



<P align="left" style="font-size: 12pt">Section&nbsp;7.1 <U>Termination</U>.


<P align="left" style="font-size: 12pt; text-indent: 4%">This Agreement may be terminated at any time prior to the Closing Date by:


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;mutual written consent of the parties;


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;either party, upon written notice to the other party, if the Closing shall not have
occurred on or before May&nbsp;31, 2007; <U>provided</U> that if Closing does not occur by May&nbsp;31, 2007
the term of this Agreement automatically shall be extended until June&nbsp;30, 2007, provided that no
Material Adverse Effect has occurred at the time of such extension;


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;either party, upon written notice to the other party, if any of the mutual conditions to
the Closing set forth in Section&nbsp;6.1 shall have become permanently incapable of fulfillment and
shall not have been waived in writing by the other party; and


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;either party, if any Governmental Authority shall have issued a law, order, decree or
ruling or taken any other action, which permanently restrains, enjoins or otherwise prohibits the
transactions contemplated by this Agreement and which order, decree, ruling or other action is
final and not subject to appeal; unless failure to consummate closing because of such action by the
Governmental Authority is due to the failure of the party seeking to terminate to have fulfilled
its obligations under Sections&nbsp;5.3 or 5.4.


<P align="left" style="font-size: 12pt">Section&nbsp;7.2 <U>Procedure and Effect of Termination</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Subject to Section&nbsp;7.2(d), in the event of the termination of this Agreement pursuant to
Section&nbsp;7.1, (i)&nbsp;this Agreement, except for the provisions of Section&nbsp;5.2(b), all of Article&nbsp;IX and
this Section&nbsp;7.2, shall become void and have no effect, without any Liability on the part of any
party hereto or its Affiliates; provided, however, that nothing in this Section&nbsp;7.2 shall relieve
any party for liability for any breach of this Agreement and (ii)&nbsp;all filings, applications and
other submissions made pursuant to this Agreement, to the extent practicable, shall be withdrawn
from the agency or other Person to which they were made or appropriately amended to reflect the
termination of the transactions contemplated hereby. Notwithstanding the foregoing, (x)&nbsp;nothing in
this Section&nbsp;7.2 shall relieve any party hereto of Liability for a material breach of any of its
obligations under this Agreement, and (y)&nbsp;if it shall be judicially determined that termination of
this Agreement was caused by an intentional breach of this Agreement, then, in addition to other
remedies at law or equity for breach of this Agreement, the party so found to have intentionally
breached this Agreement shall indemnify and hold harmless the other party hereto for its respective
out-of-pocket costs, including the fees and expenses of their counsel, accountants, financial
advisors and other experts and advisors, as well as fees and expenses incident to the negotiation,
preparation and execution of this Agreement and related documentation.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;In the event of the termination of this Agreement, except as set forth in Section&nbsp;7.2(c),
upon such termination, Seller shall pay to Buyer the Deposit, together with the interest thereon
from the date hereof to the date of payment at a floating rate equal to the NAT&#146;L AVG of the &#147;Money
market ann. yield"<sup> </sup>as published in the Wall Street Journal on the first business day of
each applicable month and based on a year of 365&nbsp;days and the number of days elapsed in each month
since the date hereof.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;In the event that this Agreement is terminated pursuant to Section&nbsp;7.1(b) and at such
time, all conditions in Article&nbsp;VI have been satisfied, except for the condition set forth in
Section&nbsp;6.3(c) and other than those conditions that by their nature would only be satisfied at
Closing, upon such termination, Seller shall retain one hundred percent (100%) of the Deposit.


<P align="center" style="font-size: 12pt">ARTICLE VIII



<P align="center" style="font-size: 12pt">SURVIVAL; INDEMNIFICATION



<P align="left" style="font-size: 12pt">Section&nbsp;8.1 <U>Survival</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;All representations and warranties contained herein shall survive for a period of
twenty-four (24)&nbsp;months following the Closing Date, except for (i)&nbsp;representations and warranties
contained in Section&nbsp;3.1 (Corporate Organization; Qualification), Section&nbsp;3.2 (Authority Relative
to this Agreement), Section&nbsp;3.3 (Generation Interests), Section&nbsp;4.1 (Corporate Organization), and
Section&nbsp;4.2 (Authority Relative to this Agreement), which shall survive indefinitely, (ii)
representations and warranties contained in Section&nbsp;3.14 (Tax Matters), which shall survive for
thirty (30)&nbsp;days following the expiration of the applicable statute of limitations and (iii)
representations and warranties contained in Section&nbsp;3.13 (Environmental Matters), which shall
survive for a period of three (3)&nbsp;years following the Closing Date (such time periods set forth in
clauses (i), (ii)&nbsp;or (iii)&nbsp;or such twenty-four (24)&nbsp;month period, together with the Special
Indemnity Period are referred to herein as the relevant &#147;<U>Indemnity Period</U>&#148;). The
"<U>Special Indemnity Period</U>&#148; shall mean the period starting on the Closing Date and ending on
the twenty-four (24)&nbsp;month anniversary of the Closing Date, and such Special Indemnity Period shall
only apply to indemnification pursuant to Section&nbsp;8.2(a)(v). If a written notice of claim for
indemnification is made during the Indemnity Period in accordance with this Article&nbsp;VIII, such
claim shall survive until its resolution. The parties intend to shorten the statute of limitations
and agree that no claims or causes of action may be brought against Seller, Buyer or any of their
respective directors, officers, employees, Affiliates, controlling persons, agents or
representatives based upon, directly or indirectly, any of the representations and warranties
contained in this Agreement after the applicable Indemnity Period.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;All covenants and agreements contained herein that by their terms are to be performed in
whole or in part, or which prohibit actions, subsequent to the Closing Date, shall survive the
Closing in accordance with their terms. All other covenants and agreements contained herein shall
not survive the Closing and shall thereupon terminate.


<P align="left" style="font-size: 12pt">Section&nbsp;8.2 <U>Indemnification</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;Subject to the limitations set forth in this Article&nbsp;VIII, subsequent to the Closing,
Seller shall indemnify, defend, save and hold harmless Buyer and its Affiliates, their respective
successors and permitted assigns, and their officers and directors (collectively, the &#147;<U>Buyer
Indemnified Parties</U>&#148;), from and against any and all Damages incurred by a Buyer Indemnified
Party arising out of, resulting from or incurred in connection with:


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(i)&nbsp;except as set forth in 8.2(a)(ii), any breach or inaccuracy of any
representation or warranty of Seller contained in this Agreement, in each case, as
of the date hereof (except for representations and warranties that speak as of a
specific date or time);


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ii)&nbsp;any breach or inaccuracy of any representation or warranty of Seller
contained in this Agreement, in each case, as of Closing (except for
representations and warranties that speak as of a specific date or time) that is
the result of events occurring after the date hereof and prior to the Closing Date
(i.e., a representation or warranty that was true and correct as of the date
hereof, but was breached or became inaccurate as of the Closing Date as a result
of an event occurring after the date hereof and prior to the Closing Date), other
than events permitted or contemplated by this Agreement or Material Contracts
entered into after the date hereof and prior to Closing pursuant and subject to
the terms of this Agreement;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iii)&nbsp;any breach in any material respect by Seller of any covenant or
agreement contained in this Agreement;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iv)&nbsp;the matters set forth on Section&nbsp;8.2(a)(iv) of the Seller Disclosure
Letter; and


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(v)&nbsp;the matters set forth in Section&nbsp;8.2(a)(v) of the Seller Disclosure
Letter.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;Subject to the limitations set forth in this Article&nbsp;VIII, subsequent to the Closing,
Buyer shall indemnify, defend, save and hold harmless Seller and its Affiliates, their respective
successors and permitted assigns, and their officers and directors (collectively, the &#147;<U>Seller
Indemnified Parties</U>&#148;) from and against any and all Damages to the extent incurred by the Seller
Indemnified Party arising out of, resulting from or incurred in connection with:


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(i)&nbsp;any breach or inaccuracy of any representation or warranty of Buyer
contained in this Agreement, in each case, when made;


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(ii)&nbsp;any breach in any material respect by Buyer of any covenant or agreement
contained in this Agreement; and


<P align="left" style="margin-left:4%; margin-right:4%; font-size: 12pt; text-indent: 15%">(iii)&nbsp;the employment or termination of employment by Buyer of any of the
Transferred Employees on or after the Closing Date.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;Any Person providing indemnification pursuant to the provisions of this Section&nbsp;8.2 is
referred to herein as an &#147;<U>Indemnifying Party</U>,&#148; and any Person entitled to be indemnified
pursuant to the provisions of this Section&nbsp;8.2 is referred to herein as an &#147;<U>Indemnified
Party</U>.&#148;


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;Seller&#146;s indemnification obligations contained in Section&nbsp;8.2(a)(i) (other than
representations or warranties contained in Section&nbsp;3.3(a) &#150; 3.3(g), inclusive) shall not apply to
any Claim for Damages unless and until the aggregate of all such Damages exceeds eight million
dollars ($8,000,000) (the &#147;<U>Initial Deductible Amount</U>&#148;), in which event Seller&#146;s indemnity
obligation contained in Section&nbsp;8.2(a)(i) shall apply to all Claims for Damages in excess of the
Initial Deductible Amount.


<P align="left" style="font-size: 12pt; text-indent: 13%">(e)&nbsp;Seller&#146;s indemnification obligations contained in Section&nbsp;8.2(a)(ii) (other than
representations or warranties contained in Section&nbsp;3.3(a) &#150; 3.3(g), inclusive) shall not apply to
any Claim for Damages unless and until the aggregate of all such Damages exceeds five million
dollars ($5,000,000) (the &#147;<U>Closing Deductible Amount</U>&#148;), in which event Seller&#146;s indemnity
obligation contained in Section&nbsp;8.2(a)(ii) shall apply to all Claims for Damages in excess of the
Closing Deductible Amount.


<P align="left" style="font-size: 12pt; text-indent: 13%">(f)&nbsp;Seller&#146;s indemnification obligations contained in Sections&nbsp;8.2(a)(i) and 8.2(a)(ii) (other
than representations or warranties contained in Section&nbsp;3.3(a) &#150; 3.3(g), inclusive) shall be
subject to a maximum liability to Seller, in the aggregate, of thirty-three and one-third percent
(33 1/3%) of the Purchase Price (the &#147;<U>Cap Amount</U>&#148;). Damages relating to any single breach
or series of related breaches of Seller&#146;s representations and warranties shall not constitute
Damages, and therefore shall not be applied towards the Initial Deductible Amount or the Closing
Deductible Amount (as applicable) or be indemnifiable hereunder, unless such Damages relating to
any single breach or series of related breaches exceed $100,000 (the &#147;<U>Minimum Claim
Amount</U>&#148;). Seller&#146;s indemnification obligations contained in Section&nbsp;8.2(a)(v) shall be subject
to a maximum liability to Seller, in the aggregate, of $50,000,000.


<P align="left" style="font-size: 12pt; text-indent: 13%">(g)&nbsp;Buyer&#146;s indemnification obligations contained in Section&nbsp;8.2(b)(i) shall not apply to any
Claim for Damages unless and until the aggregate of all such Damages equals the Initial Deductible
Amount, in which event Buyer&#146;s indemnification obligation contained in Section&nbsp;8.2(b)(i) shall
apply to all Claims for Damages in excess of the Initial Deductible Amount, subject to a maximum
liability to Buyer, in the aggregate, of the Cap Amount. Damages relating to any single breach or
series of related breaches of Buyer&#146;s representations and warranties shall not constitute Damages,
and therefore shall not be applied towards the Initial Deductible Amount or be indemnifiable
hereunder, unless such Damages relating to any single breach or series of related breaches exceed
the Minimum Claim Amount.


<P align="left" style="font-size: 12pt; text-indent: 13%">(h)&nbsp;The indemnification obligations of each party hereto under this Section&nbsp;8.2 shall inure to
the benefit of the Buyer Indemnified Parties and Seller Indemnified Parties, and such Buyer
Indemnified Parties and Seller Indemnified Parties shall be obligated to keep and perform the
obligations imposed on an Indemnified Party by this Section&nbsp;8.2, on the same terms as are
applicable to such other party.


<P align="left" style="font-size: 12pt; text-indent: 13%">(i)&nbsp;In all cases in which a Person is entitled to be indemnified in accordance with this
Agreement, such Indemnified Party shall be under a duty to take all commercially reasonable
measures to mitigate all losses.


<P align="left" style="font-size: 12pt; text-indent: 13%">(j)&nbsp;All amounts paid by Seller or Buyer, as the case may be, under this Article&nbsp;VIII shall be
treated as adjustments to the Purchase Price for all Tax purposes.


<P align="left" style="font-size: 12pt; text-indent: 13%">(k)&nbsp;Notwithstanding any other provision in the Agreement to the contrary, this Section&nbsp;8.2
shall not apply to any Claim of indemnification permitted to be brought pursuant to Section&nbsp;5.7.


<P align="left" style="font-size: 12pt; text-indent: 13%">(l)&nbsp;Notwithstanding any other provision of this Agreement, in no event shall any Indemnified
Party be entitled to indemnification pursuant to this Article&nbsp;VIII to the extent any Damages are
judicially determined, or determined pursuant to Section&nbsp;9.7 hereof, to be attributable to such
Indemnified Party&#146;s own gross negligence or willful misconduct.


<P align="left" style="font-size: 12pt; text-indent: 13%">(m)&nbsp;The remedies provided in this Article&nbsp;VIII shall be deemed the sole and exclusive remedies
of the parties, from and after the closing Date, with respect to this Agreement and the
transactions contemplated hereby.


<P align="left" style="font-size: 12pt; text-indent: 13%">(n)&nbsp;If any deduction or withholding in respect of Taxes is required by law to be made on an
indemnification payment pursuant to this Agreement, the amount of such indemnification payment
shall be increased to any amount which, after making any such deduction or withholding in respect
of Taxes, leaves an amount equal to the payment that would have been due if no such deduction or
withholding in respect of Taxes had been required.


<P align="left" style="font-size: 12pt">Section&nbsp;8.3 <U>Calculation of Damages</U>.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;The amount of any Damages suffered by any party hereto shall be reduced by (i)&nbsp;any amount
that is reserved or sums held in reserve in respect of the indemnifiable event on the balance sheet
of Generation or a Material Subsidiary, as applicable, (ii)&nbsp;any amount that an Indemnified Party is
entitled to receive with respect thereto under any third party insurance coverage or from any other
party alleged to be responsible therefor or (iii)&nbsp;any Tax Benefit realized by an Indemnified Party
or a Material Subsidiary.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;If an Indemnified Party makes a claim for indemnification under this Article&nbsp;VIII, the
Indemnified Party shall use its reasonable best efforts to collect any amounts available under such
insurance coverage and from such other party alleged to have responsibility. If an Indemnified
Party receives an amount under insurance coverage or from such other party with respect to Damages
at any time subsequent to any indemnification provided by Seller or Buyer, as the case may be,
pursuant to this Article&nbsp;VIII, then such Indemnified Party shall promptly reimburse the
Indemnifying Party for any payment made or expense incurred by the Indemnifying Party in connection
with providing such indemnification up to such amount received by the Indemnified Party, but net of
any expenses incurred by the Indemnified Party in collecting such amount. To the extent the
Indemnifying Party makes any indemnification payment pursuant to this Article&nbsp;VIII in respect of
Damages for which an Indemnified Party has a right to recover against a third party (including an
insurance company), the Indemnifying Party shall be subrogated to the right of the Indemnified
Party to seek and obtain recovery from such third party; <U>provided</U>, <U>however</U>, that if
the Indemnifying Party shall be prohibited from such subrogation, the Indemnified Party shall seek
recovery from such third party on the Indemnifying Party&#146;s behalf and pay any such recovery to the
Indemnifying Party net of expenses.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;For the avoidance of doubt, any Damages of Buyer shall include only the portion of such
Damages attributable to the ownership interest of Generation and its Affiliates in a Material
Subsidiary and shall exclude any portion of such Damages attributable to the ownership interest of
any third party in such Material Subsidiary.


<P align="left" style="font-size: 12pt">Section&nbsp;8.4 <U>Procedures for Third-Party Claims</U>. Subject to the Access and Support
Agreement, the obligations of any Indemnifying Party to indemnify any Indemnified Party under this
Article&nbsp;VIII with respect to Claim for Damages by third parties (including Governmental Entities)
(a &#147;<U>Third-Party Claim</U>&#148;) shall be subject to the following terms and conditions:


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;The Indemnified Party shall give the Indemnifying Party written notice of any such
Third-Party Claim promptly after learning of such Third-Party Claim, and the Indemnifying Party
may, at its option, undertake the defense thereof by representatives of its own choosing and shall
provide written notice of any such undertaking to the Indemnified Party. Failure to give prompt
written notice of a Third-Party Claim hereunder shall not affect the Indemnifying Party&#146;s
obligations under this Article&nbsp;VIII, except to the extent that the Indemnifying Party is actually
prejudiced by such failure to give prompt written notice. The Indemnified Party shall, and shall
cause its employees and representatives to, cooperate with the Indemnifying Party in connection
with the settlement or defense of such Third-Party Claim and shall provide the Indemnifying Party
with all available information and documents concerning such Third-Party Claim. The Indemnifying
Party shall provide the Indemnified Party with copies of all non-privileged communications and
other information in respect of the Third-Party Claim. If the Indemnifying Party, within thirty
(30)&nbsp;days after written notice of any such Third-Party Claim, fails to assume the defense of such
Third-Party Claim or, after assuming defense, negligently fails to defend and fails to call after
reasonable written notice of the same, the Indemnified Party against whom such Third-Party Claim
has been made shall (upon further written notice to the Indemnifying Party) have the right to
undertake the defense, compromise or settlement of such Third-Party Claim on behalf of and for the
account and risk, and at the expense, of the Indemnifying Party, subject to the right of the
Indemnifying Party to assume the defense of such Third-Party Claim at any time prior to settlement,
compromise or final determination thereof upon written notice to the Indemnified Party.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;Anything in this Section&nbsp;8.4 to the contrary notwithstanding, (i)&nbsp;the Indemnified Party
shall not settle a Third-Party Claim for which it is indemnified without the prior written consent
of the Indemnifying Party, which consent shall not be unreasonably withheld, conditioned or delayed
and (ii)&nbsp;the Indemnifying Party shall not enter into any settlement or compromise of any action,
suit or proceeding, or consent to the entry of any judgment for relief other than monetary damages
to be borne by the Indemnifying Party, without the prior written consent of the Indemnified Party,
which consent shall not be unreasonably withheld, conditioned or delayed.


<P align="left" style="font-size: 12pt">Section&nbsp;8.5 <U>Procedures for Inter-Party Claims</U>. In the event that an Indemnified Party
determines that it has a Claim for Damages against an Indemnifying Party hereunder (other than as a
result of a Third-Party Claim), the Indemnified Party shall give reasonably prompt written notice
thereof to the Indemnifying Party, specifying the amount of such Claim and any relevant facts and
circumstances relating thereto, and such notice shall be promptly given even if the nature or
extent of the Damages is not then known. The notification shall be subsequently supplemented
within a reasonable time as additional information regarding the Claim or the nature or extent of
Damages resulting therefrom becomes available to the Indemnified Party. Any failure to give such
reasonably prompt notice or supplement thereto or to provide any such facts and circumstances will
not waive any rights of the Indemnified Party, except to the extent that the rights of the
Indemnifying Party are actually materially prejudiced thereby. The Indemnified Party and the
Indemnifying Party shall attempt to negotiate in good faith for a thirty (30)&nbsp;day period regarding
the resolution of any disputed Claims for Damages. If for any reason, such dispute cannot be
resolved by negotiation, on the request of any party it shall be resolved by arbitration in
accordance with Section&nbsp;9.7. Promptly following the final determination of the amount of any
Damages claimed by the Indemnified Party, the Indemnifying Party, subject to the limitations of the
Minimum Claim Amount, Initial Deductible Amount, the Closing Deductible Amount and the Cap Amount,
shall pay such Damages to the Indemnified Party by wire transfer or check made payable to the order
of the Indemnified Party.


<P align="left" style="font-size: 12pt">Section&nbsp;8.6 <U>Additional Procedures for Claims Made Pursuant to Section&nbsp;8.2(a)(v)</U>.


<P align="left" style="margin-right:4%; font-size: 12pt; text-indent: 8%">(a)&nbsp;Any claims for Damages by a Buyer Indemnified Party pursuant to Section&nbsp;8.2(a)(v)
shall be made during the Special Indemnity Period.


<P align="left" style="margin-right:4%; font-size: 12pt; text-indent: 8%">(b)&nbsp;The Buyer Indemnified Parties shall have no right to bring a claim for Damages
for any item listed on Section&nbsp;8.2(a)(v) pursuant to Section&nbsp;8.2(a)(i), (ii)&nbsp;or (iii).


<P align="left" style="margin-right:4%; font-size: 12pt; text-indent: 8%">(c)&nbsp;The Buyer Indemnified Parties shall use their reasonable best efforts to limit
the amount of Damages that may be payable by Seller pursuant to Section&nbsp;8.2(a)(v), and
shall not take any action to accelerate the timing of payment, or increase the amount, of
any Damages payable pursuant to Section&nbsp;8.2(a)(v).


<P align="center" style="font-size: 12pt">ARTICLE IX



<P align="center" style="font-size: 12pt">MISCELLANEOUS PROVISIONS



<P align="left" style="font-size: 12pt">Section&nbsp;9.1 <U>Disclosure Letters</U>. The Seller Disclosure Letter and the Buyer Disclosure
Letter are incorporated into this Agreement by reference and made a part hereof.


<P align="left" style="font-size: 12pt">Section&nbsp;9.2 <U>Payments</U>. All payments set forth in this Agreement and the Related Agreements
are in United States Dollars. Such payments shall be made by wire transfer of immediately
available funds or by such other means as the parties to such payment shall designate.


<P align="left" style="font-size: 12pt">Section&nbsp;9.3 <U>Expenses</U>. Except as expressly set forth herein, or as agreed upon in writing
by the parties, whether or not the transactions contemplated hereby are consummated, each party
shall bear its own costs, fees and expenses, including the expenses of its representatives,
incurred by such party in connection with this Agreement and the Related Agreements and the
transaction contemplated hereby and thereby.


<P align="left" style="font-size: 12pt">Section&nbsp;9.4 <U>Choice of Law</U>. THIS AGREEMENT, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY
AND PERFORMANCE, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OR CHOICE OF LAWS OR ANY OTHER LAW THAT WOULD MAKE
THE LAWS OF ANY OTHER JURISDICTION OTHER THAN THE STATE OF NEW YORK APPLICABLE HERETO.


<P align="left" style="font-size: 12pt">Section&nbsp;9.5 <U>Assignment</U>. This Agreement may not be assigned by either party without the
prior written consent of the other party; <U>provided</U>, <U>however</U>, that without the prior
written consent of the other party, each party shall have the right to assign its rights and
obligations under this Agreement to any third party successor to all or substantially all of its
entire business.


<P align="left" style="font-size: 12pt">Section&nbsp;9.6 <U>Notices</U>. All demands, notices, consents, approvals, reports, requests and
other communications hereunder must be in writing, will be deemed to have been duly given only if
delivered personally or by facsimile transmission (with confirmation of receipt) or by an
internationally-recognized express courier service or by mail (first class, postage prepaid) to the
parties at the following addresses or telephone or facsimile numbers and will be deemed effective
upon delivery; <U>provided</U>, <U>however</U>, that any communication by facsimile shall be
confirmed by an internationally-recognized express courier service or regular mail.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(i) If to Seller:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">CMS Enterprises Company<BR>
One Energy Plaza<BR>
Jackson, Michigan 49201<BR>
Attention: General Counsel<BR>
Telephone: (517)&nbsp;788-0550<BR>
Facsimile: (517)&nbsp;788-1671<BR>
With a required copy to:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Skadden, Arps, Slate, Meagher &#038; Flom LLP<BR>
Four Times Square<BR>
New York, NY 10036<BR>
Attention: Sheldon S. Adler, Esq.<BR>
Marie L. Gibson, Esq.<BR>
Telephone: (212)&nbsp;735-3000<BR>
Facsimile: (212)&nbsp;735-2000</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(ii) If to Buyer:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Abu Dhabi National Energy Company PJSC<BR>
ADWEA Research Building<BR>
7<sup>th</sup> Floor<BR>
Jawazat Street<BR>
P.O. Box 55224<BR>
Emirate of Abu Dhabi<BR>
United Arab Emirates<BR>
Attention: Peter Barker Homek<BR>
Telephone: &#043; 971 (2)&nbsp;694 3662<BR>
Facsimile: &#043; 971 (2)&nbsp;642 2555</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">With a required copy to:</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Simmons &#038; Simmons<BR>
The ADNIC Building<BR>
Khalifa Street<BR>
P.O. Box 5931<BR>
Emirate of Abu Dhabi<BR>
United Arab Emirates<BR>
Attention: Ibrahim Mubaydeen<BR>
Telephone: &#043; 971 2 627 5568<BR>
Facsimile: &#043; 972 2 627 5223</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt">or to such other address as the addressee shall have last furnished in writing in accord with this
provision to the addressor.


<P align="left" style="font-size: 12pt">Section&nbsp;9.7 <U>Resolution of Disputes</U>. Except for the resolution of disputes which shall be
resolved in accordance with the procedures set forth in Sections&nbsp;5.7 and 8.5 herein (which shall be
governed only by subsection (d)&nbsp;of this Section&nbsp;9.7), all disputes arising out of or relating to
this Agreement or any Related Agreement or the breach, termination or validity thereof or the
parties&#146; performance hereunder or thereunder (&#147;<U>Dispute</U>&#148;) shall be resolved as provided by
this Section&nbsp;9.7.


<P align="left" style="font-size: 12pt; text-indent: 13%">(a)&nbsp;If the Dispute has not been resolved by executive officer negotiation within thirty (30)
days of the disputing party&#146;s notice requesting negotiation, or if the parties fail to meet within
twenty (20)&nbsp;days from delivery of said notice, such Dispute shall be submitted to and finally
settled by arbitration in accordance with the Rules of Arbitration of the International Chamber of
Commerce (the &#147;<U>ICC</U>&#148;) then in effect (the &#147;<U>Rules</U>&#148;), except as modified herein.


<P align="left" style="font-size: 12pt; text-indent: 13%">(b)&nbsp;The arbitration shall be held, and the award shall be rendered in London, England, in the
English language. There shall be three arbitrators, one of whom shall be nominated by each of
Buyer and Seller in accordance with the Rules. The two party appointed arbitrators shall have
thirty (30)&nbsp;days from the confirmation of the nomination of the second arbitrator to agree on the
nomination of a third arbitrator who shall serve as chair of the arbitral tribunal. On the request
of any party, any arbitrator not timely appointed in accordance with this Agreement or the Rules
shall be appointed by the ICAICC.


<P align="left" style="font-size: 12pt; text-indent: 13%">(c)&nbsp;The award shall be final and binding upon the parties as from the date rendered and shall
be the sole and exclusive remedy between the parties regarding any claims, counterclaims, issues,
or accounting presented to the arbitral tribunal. The parties hereby expressly agree that leave to
appeal under Section&nbsp;45 or Section&nbsp;69 of the English Arbitration Act 1996 may not be sought with
respect to any question of law arising in the course of the arbitration or with respect to any
award made. Judgment upon any award may be entered and enforced in any court having jurisdiction
over a party or any of its assets. For the purpose of the enforcement of an award, the parties
irrevocably and unconditionally submit to the jurisdiction of a competent court in any jurisdiction
in which a party may have assets and waive any defenses to such enforcement based on lack of
personal jurisdiction or inconvenient forum. This Agreement and the rights and obligations of the
parties shall remain in full force and effect pending the award in any arbitration proceeding
hereunder.


<P align="left" style="font-size: 12pt; text-indent: 13%">(d)&nbsp;The Parties agree that any court action or proceeding to compel or in support of
arbitration or for provisional remedies in aid of arbitration, including any action to enforce the
provisions of this Section&nbsp;9.7 or for temporary injunctive relief to maintain the status quo or
prevent irreparable harm prior to the appointment of the arbitral tribunal, shall be brought
exclusively in the federal or state courts located in London, England (the &#147;<U>London
Courts</U>&#148;). The Parties hereby unconditionally and irrevocably submit to the exclusive
jurisdiction of the London Courts for such purpose and to the non-exclusive jurisdiction of the
London Courts in any action to enforce any arbitration award rendered hereunder, and waive any
right to stay or dismiss any such actions or proceedings brought before the London Courts on the
basis of forum non conveniens or improper venue. Without prejudice to such provisional remedies as
may be available under the jurisdiction of a national court, the arbitral tribunal shall have full
authority to grant provisional remedies and to direct the parties to request that any court modify
or vacate any temporary or preliminary relief issued by such court, and to award damages for the
failure of any party to respect the arbitral tribunal&#146;s orders to that effect. The parties hereby
irrevocably waive any and all rights to trial by jury in any such action or proceeding.


<P align="left" style="font-size: 12pt">Section&nbsp;9.8 <U>Language</U>. The parties confirm that it is their wish that this Agreement, the
Related Agreements and any other documents related hereto or thereto, including notices, schedules
and authorizations, have been and shall be drawn up in the English language only.


<P align="left" style="font-size: 12pt">Section&nbsp;9.9 <U>No Right of Setoff</U>. Neither party hereto nor any Affiliate thereof may deduct
from, set off, holdback or otherwise reduce in any manner whatsoever any amount owed to it
hereunder or pursuant to any Related Agreement against any amounts owed hereunder or pursuant to
any Related Agreement by such Persons to the other party hereto or any of such other party&#146;s
Affiliates.


<P align="left" style="font-size: 12pt">Section&nbsp;9.10 <U>Time is of the Essence</U>. Time is of the essence in the performance of the
provisions of this Agreement.


<P align="left" style="font-size: 12pt">Section&nbsp;9.11 <U>Limitation on Liability</U>. In the event that a party breaches this Agreement
prior to, or in the absence of, Closing, neither party&#146;s liabilities hereunder shall exceed
$100,000,000 in the aggregate.


<P align="left" style="font-size: 12pt">Section&nbsp;9.12 <U>Entire Agreement</U>. This Agreement, including the Seller Disclosure Letter,
Buyer Disclosure Letter, and Schedules hereto, together with the Related Agreements and the
Confidentiality Agreement constitute the entire agreement between the parties hereto with respect
to the subject matter herein and supersede all previous agreements, whether written or oral,
relating to the subject matter of this Agreement and all prior drafts of this Agreement, all of
which are merged into this Agreement. No prior drafts of this Agreement and no words or phrases
from any such prior drafts shall be admissible into evidence in any action or suit involving this
Agreement. In the case of any material conflict between any provision of this Agreement and any
other Related Agreement, this Agreement shall take precedence.


<P align="left" style="font-size: 12pt">Section&nbsp;9.13 <U>Binding Nature; Third Party Beneficiaries</U>. This Agreement shall be binding
upon and inure solely to the benefit of the parties hereto and their respective successors (whether
by operation of law or otherwise) and permitted assigns. Except as expressly provided herein, none
of the provisions of this Agreement shall be for the benefit of or enforceable by any third party,
including any creditor of either party or any of their Affiliates. Except as expressly provided
herein, no such third party shall obtain any right under any provision of this Agreement or shall
by reasons of any such provision make any Claim in respect of any Liability (or otherwise) against
either party hereto.


<P align="left" style="font-size: 12pt">Section&nbsp;9.14 <U>Counterparts</U>. This Agreement may be executed in two (2)&nbsp;or more counterparts,
each of which, when executed, shall be deemed to be an original and both of which together shall
constitute one and the same document.


<P align="left" style="font-size: 12pt">Section&nbsp;9.15 <U>Severability</U>. If any provision of this Agreement is held to be illegal,
invalid or unenforceable under any applicable present or future law, and if the rights or
obligations of either party under this Agreement will not be materially and adversely affected
thereby, (i)&nbsp;such provision shall be fully severable, (ii)&nbsp;this Agreement shall be construed and
enforced as if such illegal, invalid or unenforceable provision had never comprised a part hereof,
(iii)&nbsp;the remaining provisions of this Agreement shall remain in full force and effect and shall
not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom and
(iv)&nbsp;in lieu of such illegal, invalid or unenforceable provision, there shall be added
automatically as a part of this Agreement, a legal, valid and enforceable provision as similar in
terms to such illegal, invalid or unenforceable provision as may be possible.


<P align="left" style="font-size: 12pt">Section&nbsp;9.16 <U>Headings</U>. The headings used in this Agreement have been inserted for
convenience of reference only and do not define or limit the provisions hereof.


<P align="left" style="font-size: 12pt">Section&nbsp;9.17 <U>Waiver</U>. Any term or condition of this Agreement may be waived at any time by
the party that is entitled to the benefit thereof, but no such waiver shall be effective unless set
forth in a written instrument duly executed by or on behalf of the party or parties waiving such
term or condition. No waiver by any party of any term or condition of this Agreement, in any one
or more instances, shall be deemed to be or construed as a waiver of the same or any other term or
condition of this Agreement on any future occasion. All remedies, either under this Agreement or
by law or otherwise afforded, will be cumulative and not alternative.


<P align="left" style="font-size: 12pt">Section&nbsp;9.18 <U>Amendment</U>. This Agreement may be altered, amended or changed only by a
writing making specific reference to this Agreement and signed by duly authorized representatives
of each party.


<P align="center" style="font-size: 10pt; display: none">4
<!-- PAGEBREAK -->

<P align="left" style="font-size: 12pt; text-indent: 4%">IN WITNESS WHEREOF, Seller and Buyer, by their duly authorized officers, have executed this
Agreement as of the date first written above.



<P align="left" style="margin-left:17%; font-size: 12pt; text-indent: 4%"><B>CMS ENTERPRISES COMPANY</B>



<P align="left" style="margin-left:17%; font-size: 12pt; text-indent: 4%">By:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>/s/ Thomas J. Webb</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name: Thomas J. Webb<BR>
Title: Executive Vice President and Chief Financial Officer<BR>



<P align="left" style="margin-left:17%; font-size: 12pt; text-indent: 4%"><B>ABU DHABI NATIONAL ENERGY COMPANY PJSC</B>



<P align="left" style="margin-left:17%; font-size: 12pt; text-indent: 4%">By:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>/s/ Peter E. Barker Homek</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name: Peter E. Barker Homek<BR>
Title: Chief Executive Officer<BR>



<P align="center" style="font-size: 10pt; display: none">5


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