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<SEC-DOCUMENT>0001299933-07-003424.txt : 20070604
<SEC-HEADER>0001299933-07-003424.hdr.sgml : 20070604
<ACCEPTANCE-DATETIME>20070604135102
ACCESSION NUMBER:		0001299933-07-003424
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20070531
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070604
DATE AS OF CHANGE:		20070604

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:		07896740

	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

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:		07896741

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_20707.htm
<DESCRIPTION>LIVE FILING
<TEXT>
<!-- CoverPageHeader start -->
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
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<HEAD>
<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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<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	May 31, 2007
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	CMS Energy Corporation
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Michigan
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<FONT SIZE="2">
	001-09513
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	38-2726431
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_____________________<BR>
	(State or other jurisdiction
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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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<FONT SIZE="2">
	File Number)
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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
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	&nbsp;
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	49201
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<FONT SIZE="2">
_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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</TR>
</TABLE>
</CENTER>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">

<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
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	&nbsp;
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Registrant&#146;s telephone number, including area code:
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</TD>
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<FONT SIZE="2">
	&nbsp;
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<TD ALIGN="CENTER" VALIGN="TOP">
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	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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	&nbsp;
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<TD ALIGN="CENTER" VALIGN="TOP">
<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>
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<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
______________<BR>
	(I.R.S. Employer
</FONT>
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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>
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<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
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<FONT SIZE="2">
	&nbsp;
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	&nbsp;
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<FONT SIZE="2">
	One Energy Plaza, Jackson, Michigan
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
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<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;
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___________<BR>
	(Zip Code)
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</TD>
</TR>
</TABLE>
</CENTER>
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<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 -->
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<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
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</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 June 1, 2007, CMS Energy Corporation ("CMS Energy") announced that certain of its subsidiaries had entered into separate purchase and sale agreements to sell their interests in the GasAtacama project in Chile and Argentina and a power plant in Jamaica to wholly owned subsidiaries of Ashmore Energy International.  <br><br>CMS International Ventures, L.L.C. an indirect subsidiary of CMS Energy (the "Gas Atacama Seller"), and certain other CMS Energy subsidiaries entered into an Amended and Restated Securities Purchase Agreement, dated as of June 1, 2007 (the "Gas Atacama Agreement") with AEI Chile Holdings, LTD (the "Gas Atacama Buyer"), a wholly owned subsidiary of Ashmore Energy International.   Pursuant to the Gas Atacama Agreement, the Gas Atacama Seller will sell its equity interests in various entities that collectively own CMS Energy&#x2019;s interest in Gas Atacama, a project that owns and operates natural gas pipelines in Argentina and Chile, as well as a 780 megawatt combined cycle gas-fired gener
ation facility in Chile.  The Chilean power plant has been refitted to operate on oil due to curtailments of the gas supply from Argentina.  Also pursuant to the Gas Atacama Agreement certain other CMS Energy subsidiaries are selling promissory notes related to Gas Atacama.  The purchase price is $80 million.  <br><br>Hydra-Co Enterprises and HCO-Jamaica, Inc, each an indirectly wholly owned subsidiary of CMS Energy (collectively the "Jamaica Sellers") entered into a Stock Purchase Agreement, dated as of May 31, 2007 (the "Jamaica Agreement") with AEI Central America LTD, a wholly owned subsidiary of Ashmore Energy International.  Pursuant to the Jamaica Agreement, the Jamaica Sellers will sell their interests in various entities that collectively own CMS Energy&#x2019;s interest in a 63 megawatt diesel-fueled power plant located in Jamaica.  The purchase price is $14 million. <br><br>A CMS Energy-issued News Release dated May 31, 2007, which is attached as Exhibit 99.1and incorporated by reference, contains
 additional information with respect to the transactions.<br><br>The sales are subject to the satisfaction or waiver of certain conditions to closing.   The Jamaica Agreement requires that, among other things, the parties must receive: (i) approval of the Government of Jamaica, and (ii) lender and political risk insurer consent.<br><br>The Gas Atacama Agreement and the Jamaica Agreement may be terminated under certain customary circumstances, including by mutual consent.  The Gas Atacama Agreement may be terminated by either party if the closing has not occurred by 60 days after the execution of the Gas Atacama Agreement.  The Jamaica Agreement may be terminated by the Jamaica Buyer if closing has not occurred by 180 days after the execution of the Jamaica Agreement and by the Jamaica Seller if closing has not by 90 days after the execution of the Jamaica Agreement.  <br><br>Pursuant to the Gas Atacama Agreement and the Jamaica Agreement, the Gas Atacama Seller and the Jamaica Seller, respectively, have no p
ost-closing indemnity obligations.  Ashmore Energy International has provided a guarantee to the Gas Atacama Seller for any payment obligations of the Gas Atacama Buyer under the Gas Atacama Agreement.<br><br>The closing of the sale of Gas Atacama is expected to occur in the third quarter of 2007.  The sale of the Jamaica power plant is expected to occur by December 31, 2007.   However, CMS Energy cannot predict with certainty whether or when the closing conditions will be satisfied or whether or when these transactions will be consummated.<br><br>The foregoing description of the Gas Atacama Agreement and the Jamaica Agreement does not purport to be complete and is qualified in its entirety by the provisions of the Gas Atacama Agreement and the Jamaica Agreement which are attached hereto as Exhibits 99.2 and 99.3, respectively, and are incorporated by reference herein.<br>
</FONT>
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<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
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<P ALIGN="LEFT">
<FONT SIZE="2">
(c) Exhibits.<br><br>99.1	CMS Energy Corporation News Release dated June 1, 2007<br>99.2	Amended and Restated Securities Purchase Agreement by and among CMS International Ventures, L.L.C., CMS Capital L.L.C., CMS Gas Argentina Company and CMS Enterprises and AEI Chile Holdings LTD together with Ashmore Energy International(for purposes of the Parent Guarantee) dated as of June 1, 2007<br>99.3	Stock Purchase Agreement by and among Hydra-Co Enterprises, Inc., HCO-Jamaica, Inc., and AEI Central America LTD together with Ashmore Energy International dated as 	of May 31, 2007<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 are subject to risks and uncertainties.  They 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 Form 10-K and Consumers&#x2019; Form 10-K for the Year Ended December 31, 2006 and as updated in CMS Energy&#x2019;s and Consumers&#x2019; Forms 10-Q for the Quarter Ended March 31, 2007 (CMS Energy&#x2019;s and Consumers&#x2019;  &#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 Co
nsumers&#x2019; results to differ materially from those anticipated in such statements.<br><br></P><!-- PageBreak START -->
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<FONT SIZE="2">Top of the Form</FONT>
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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>
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	CMS Energy Corporation
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	&nbsp;&nbsp;
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<I>
	June 4, 2007
</I>
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<I>
	By:
</I>
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	&nbsp;
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<I>
	Thomas J. Webb
</I>
<BR>
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<I>
	Name: Thomas J. Webb
</I>
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<I>
	Title: Executive Vice President and Chief Financial Officer
</I>
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	&nbsp;
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</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>
	June 4, 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 June 1, 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">
Amended and Restated Securities Purchase Agreement by and among CMS International Ventures, L.L.C., CMS Capital L.L.C., CMS Gas Argentina Company and CMS Enterprises and AEI Chile Holdings LTD together with Ashmore Energy International 	(for purposes of the Parent Guarantee) dated as of June 1, 2007
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" WIDTH="8%" nowrap>
<FONT SIZE="2">
<DIV ALIGN="LEFT">
	99.3
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Stock Purchase Agreement by and among Hydra-Co Enterprises, Inc., HCO-Jamaica, Inc., and AEI Central America LTD together with Ashmore Energy International dated as 	of May 31, 2007
</FONT>
</TD>
</TR></TABLE></CENTER><!-- HTMLFooter START -->
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</TEXT>
</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="center" 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 SUBSIDIARIES REACH AGREEMENTS TO SELL<BR>
GASATACAMA OF CHILE AND JAMAICA PRIVATE POWER COMPANY LIMITED FOR A COMBINED $94 MILLION</B></FONT>



<P align="left" style="font-size: 12pt; text-indent: 6%">JACKSON, Mich., June&nbsp;1, 2007 &#150; CMS Energy subsidiaries have entered into an agreement to sell
their interests in GasAtacama of Chile and a separate agreement to sell their interests in Jamaica
Private Power Company Limited (JPPC)&nbsp;to Ashmore Energy International (AEI)&nbsp;for a combined $94
million. AEI is an owner and operator of essential energy infrastructure assets in emerging
markets worldwide.


<P align="left" style="font-size: 12pt; text-indent: 6%">CMS International Ventures LLC and other subsidiaries of CMS Energy entered into an agreement
to sell CMS Energy&#146;s interests in the GasAtacama business. The sale of these interests in
GasAtacama is expected to close in the third quarter.


<P align="left" style="font-size: 12pt; text-indent: 6%">GasAtacama transports natural gas to northern Chile from Argentina, and owns and operates gas
pipelines as well as a 780 megawatt combined-cycle, gas-fired power generation facility that is
located in Chile. CMS Energy and Endesa of Chile built the GasAtacama project and placed it in
service in 1999.


<P align="left" style="font-size: 12pt; text-indent: 6%">Separately, other subsidiaries of CMS Energy entered into an agreement with AEI to sell CMS
Energy&#146;s interests in JPPC and an associated company. The sale of interests in JPPC is expected to
close by year-end 2007. JPPC operates a 63 megawatt, diesel-fueled power plant located in
Rockfort, Kingston, Jamaica. The facility began commercial operation in 1997.


<P align="left" style="font-size: 12pt; text-indent: 6%">The sales of both GasAtacama of Chile and JPPC are subject to certain third party consents
and/or waivers.


<P align="left" style="font-size: 12pt; text-indent: 6%">&#147;These agreements continue the excellent progress our Company has made on the sale of our
international assets,&#148; said David W. Joos, Chief Executive Officer for CMS Energy.


<P align="left" style="font-size: 12pt; text-indent: 6%">Proceeds from both sales will be used to reduce debt at CMS Energy and invest in CMS Energy&#146;s
Michigan utility, Consumers Energy.


<P align="left" style="font-size: 12pt; text-indent: 6%">JP Morgan Securities, Inc. served as financial advisor to CMS Energy for the transaction.


<P align="left" style="font-size: 12pt; text-indent: 6%">CMS Energy 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 are subject to risks and uncertainties. They
should be read in conjunction with &#147;Forward-Looking Statements and Risk Factors&#148; found in the
Management Discussion and Analysis sections of CMS Energy&#146;s Form 10-K and Consumers&#146; Form 10-K for
the Year Ended December&nbsp;31, 2006 and as updated in CMS Energy&#146;s and Consumers&#146; Forms 10-Q for the
Quarter Ended March&nbsp;31, 2007 (CMS Energy&#146;s and Consumers Energy&#146;s &#147;Forward-Looking Statements and
Risk Factors&#148; sections are both incorporated herein by reference), that discuss important factors
that could cause CMS Energy&#146;s and Consumers Energy&#146;s results to differ materially from those
anticipated in such statements.


<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: Dan Bishop, 517/788-2395 or Jeff Holyfield, 517/788-2394</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>
<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="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>AMENDED AND RESTATED</B></FONT>



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



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



<P align="center" style="font-size: 12pt"><B>CMS INTERNATIONAL VENTURES, L.L.C.,</B>



<P align="center" style="font-size: 12pt"><B>CMS CAPITAL L.L.C.,</B>



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



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



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



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



<P align="center" style="font-size: 12pt"><B>AEI CHILE HOLDINGS LTD.</B>



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



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



<P align="center" style="font-size: 12pt"><B>(for purposes of the Parent Guarantee)</B>



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


<P align="center" style="font-size: 12pt"><B>Dated as of June&nbsp;1, 2007</B><BR>
ARTICLE I



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


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="84%">&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">1.1<BR>
1.2<BR>
1.3<BR>
1.4<BR>
1.5<BR>
1.6<BR>
1.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sale and Purchase of Shares<BR>
&#091;Intentionally Omitted.&#093;<BR>
Sale and Purchase of Notes<BR>
Purchase Price<BR>
Closing<BR>
Closing Deliveries<BR>
Purchase Agreement Fee</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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



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


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="69%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top">2.1</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Representations and Warranties of Seller<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>
    <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">2.1.1<BR>
2.1.2<BR>
2.1.3
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organization and Qualification<BR>
Title to Shares<BR>
Authority; Non-Contravention; Approvals.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.1.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Organization and Qualification of Companies and CMS-Inversiones;
Capitalization.</TD>
    <TD width="4%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="71%">&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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">2.1.5<BR>
2.1.6<BR>
2.1.7
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Brokers and Finders<BR>
Financial Distress of Companies Subsidiaries<BR>
No Other Representations and Warranties.</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top">2.2</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Representations and Warranties of the Note Holders<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>
    <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">2.2.1<BR>
2.2.2<BR>
2.2.3<BR>
2.2.4<BR>
2.2.5<BR>
2.2.6
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organization and Qualification<BR>
Title to Notes<BR>
Authority; Non-Contravention; Approvals.<BR>
Brokers and Finders<BR>
Financial Distress of Companies Subsidiaries<BR>
No Other Representations and Warranties.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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



<P align="center" style="font-size: 12pt">REPRESENTATIONS AND WARRANTIES OF SELLER WITH RESPECT TO THE COMPANIES SUBSIDIARIES


<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">3.1<BR>
3.2<BR>
3.3<BR>
3.4<BR>
3.5<BR>
3.6<BR>
3.7<BR>
3.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Capitalization and Title.<BR>
3.1.1Description<BR>
3.1.2No Consents to Liens<BR>
Financial Statements<BR>
Tax Matters<BR>
Compliance with Laws<BR>
Certain Contracts<BR>
Operating Company Notes<BR>
Financial Distress of Companies Subsidiaries<BR>
No Other Representations and Warranties</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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



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


<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">4.1<BR>
4.2<BR>
4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organization and Qualification<BR>
Authority; Non-Contravention; Approvals.<BR>
Financing</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<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">4.4</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Investment Intention; Sufficient Investment Experience; Independent Investigation;
Financial Distress of Companies Subsidiaries.</TD>
    <TD width="4%" 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">4.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Brokers and Finders</TD>
    <TD width="4%" 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">4.6</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>No Knowledge of Seller or Note Holders Breach</TD>
    <TD width="4%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


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



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



<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">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notification to the CNDC and ENARGAS; Negative Antitrust and ENARGAS Decision;
Transfer of Shares to a Third Purchaser.</TD>
    <TD width="4%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="86%">&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">5.2<BR>
5.3<BR>
5.4<BR>
5.5<BR>
5.6<BR>
5.7<BR>
5.8<BR>
5.9<BR>
5.10<BR>
5.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Access<BR>
Publicity<BR>
Fees and Expenses.<BR>
Right of First Offer<BR>
Further Assurances<BR>
Preservation of Records<BR>
Change of Name.<BR>
Resignations of Certain Officers and Directors<BR>
Releases of Certain Guarantees<BR>
Share Transfer</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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



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


<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">6.1<BR>
6.2<BR>
6.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Conditions to the Obligations of the Parties<BR>
Conditions to the Obligation of Purchaser<BR>
Conditions to the Obligation of Seller</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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



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



<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">7.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Termination</TD>
    <TD width="4%" 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">7.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Effect of Termination</TD>
    <TD width="4%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


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



<P align="center" style="font-size: 12pt">LIMITS OF LIABILITY; PARENT GUARANTEE



<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">8.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Non-Survival of Representations, Warranties, Covenants and Agreements.</TD>
    <TD width="4%" 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">8.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Parent Guarantee.</TD>
    <TD width="4%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


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



<P align="center" style="font-size: 12pt">DEFINITIONS AND INTERPRETATION


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="18%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="77%">&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">9.1<BR>
9.2<BR>
9.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Defined Terms<BR>
Definitions<BR>
Interpretation</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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



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


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&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">10.1<BR>
10.2<BR>
10.3<BR>
10.4<BR>
10.5<BR>
10.6<BR>
10.7<BR>
10.8<BR>
10.9<BR>
10.10<BR>
10.11<BR>
10.12<BR>
10.13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Notices<BR>
Binding Effect<BR>
Assignment; Successors; Third-Party Beneficiaries.<BR>
Amendment; Waivers; etc<BR>
Entire Agreement.<BR>
Severability<BR>
Counterparts<BR>
Governing Law<BR>
Arbitration<BR>
Limitation on Damages<BR>
Enforcement<BR>
No Right of Set-Off<BR>
Several Liability</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="23%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="72%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="3"><B>EXHIBITS</B></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">Exhibit&nbsp;A
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Seller Disclosure Letter</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">Exhibit&nbsp;B
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Note Holders Disclosure Letter</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="3" style="border-bottom: 1px solid #000000"><B>SCHEDULES TO THE DISCLOSURE LETTERS APPENDED AS EXHIBITS</B></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">Seller Disclosure Letter
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></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">Schedule&nbsp;2.1.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title to Shares</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">Schedule&nbsp;2.1.3(c)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Seller Required Approvals</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">Schedule&nbsp;2.1.3(d)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Approvals</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">Schedule&nbsp;2.1.4(c)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Agreements in Connection with Shares</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">Schedule&nbsp;3.1.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title and Capitalization</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">Schedule&nbsp;3.1.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consents to Liens on Equity Interests of Companies Subsidiaries</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">Schedule&nbsp;3.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Tax Matters</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">Schedule&nbsp;3.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance with Laws</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">Schedule&nbsp;3.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certain Contracts</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">Note Holders Disclosure Letter
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></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">Schedule&nbsp;2.2.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title to Notes</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">Schedule&nbsp;2.2.3(c)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Note Holder Required Approvals</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="3"><B>ADDITIONAL SCHEDULES TO STOCK PURCHASE AGREEMENT</B></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">Schedule&nbsp;5.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Resignations of Certain Officers and Directors</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">Schedule&nbsp;5.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Releases of Certain Guarantees</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">Schedule&nbsp;9.2(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchaser Knowledge Group</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">Schedule&nbsp;9.2(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Seller Knowledge Group</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt; display: none">2
<!-- PAGEBREAK -->


<P align="center" style="font-size: 12pt"><B>AMENDED AND RESTATED SECURITIES PURCHASE AGREEMENT</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">This AMENDED AND RESTATED SECURITIES PURCHASE AGREEMENT (as so amended and restated,
hereinafter also referred to as this &#147;<U>Agreement</U>&#148;), dated as of June&nbsp;1, 2007, is entered
into by and among (i)&nbsp;CMS International Ventures, L.L.C., a limited liability company organized and
existing under the laws of the State of Michigan (&#147;<U>Seller</U>&#148;), (ii)&nbsp;CMS Capital L.L.C., a
limited liability company organized and existing under the laws of the State of Michigan
(&#147;<U>CMS-Capital</U>&#148;), CMS Gas Argentina Company, a company organized and existing under the laws
of the Cayman Islands (&#147;<U>CMS-Cayman</U>&#148;), and, CMS Enterprises Company, a corporation organized
and existing under the laws of the State of Michigan (&#147;<U>CMS-Enterprises</U>&#148;; each of the
Seller, CMS-Capital, CMS-Cayman, and CMS-Enterprises is also referred to herein as a &#147;<U>Note
Holder</U>&#148; and, collectively, the &#147;<U>Note Holders</U>&#148;), (iii)&nbsp;AEI Chile Holdings Ltd., an
exempted company incorporated with limited liability under the laws of the Cayman Islands
(&#147;<U>Purchaser</U>&#148;) and (iv)&nbsp;Ashmore Energy International, an exempted company incorporated with
limited liability under the laws of the Cayman Islands (&#147;<U>Parent</U>&#148;), solely for purposes of
<U>Section&nbsp;8.2</U> and the beneficial owner of all of the shares of Purchaser. Each of Purchaser,
Seller and the Note Holders are sometimes referred to individually herein as a &#147;<U>Party</U>&#148; and
collectively as the &#147;<U>Parties</U>&#148;. Certain other terms are defined throughout this Agreement
and in <U>Section&nbsp;9.2</U>. (This Agreement shall be effective as of the date the board of
directors of CMS Energy Corporation approves this Agreement as contemplated by <U>Section&nbsp;10.2</U>
(the &#147;<U>Effective Date</U>&#148;)).


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



<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS Seller owns all the issued and outstanding Equity Interests of (i)&nbsp;CMS Gas
Transmission del Sur Company, a Cayman Islands company (&#147;<U>CMS-Gas</U>&#148;) and (ii)&nbsp;CMS Generation
Investment Company V, a Cayman Islands company (&#147;<U>CMS-Generation</U>&#148;; each of CMS-Gas and
CMS-Generation are sometimes referred to individually herein as a &#147;<U>Company</U>&#148; and
collectively as the &#147;<U>Companies</U>&#148;, and all the issued and outstanding Equity Interests of the
Companies are collectively referred to as the &#147;<U>Shares</U>&#148;);


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS CMS-Gas owns (i)&nbsp;13.94% of the Equity Interests in Inversiones GasAtacama Holding
Limitada, a Chilean limited company (the &#147;<U>Governing Company</U>&#148;); and (ii)&nbsp;99% of the issued
and outstanding Equity Interests of Compa&#241;&#237;a de Inversiones CMS Energy Chile Limitada, a Chilean
limited liability entity (&#147;<U>CMS-Inversiones</U>&#148;);


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS CMS-Cayman currently owns 1% of the Equity Interests of CMS-Inversiones;


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS CMS-Cayman shall transfer its Equity Interest in CMS-Inversiones to CMS-Generation
prior to the Closing Date;


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS CMS-Inversiones owns (i)&nbsp;36.06% of the Equity Interests in the Governing Company, (ii)
0.001% of the Equity Interests in GasAtacama S.A., a Chilean closed corporation (the &#147;<U>Holding
Company</U>&#148;) and (iii)&nbsp;0.05% of the Equity Interests in each of the following Chilean closed
corporations: GasAtacama Generaci&#243;n S.A., Gasoducto Atacama Chile S.A., and Gasoducto Atacama
Argentina S.A.;


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS Holding Company owns (i)&nbsp;99.9% of the Equity Interests in GasAtacama Generaci&#243;n S.A.,
(ii)&nbsp;99.9% of the Equity Interests in Gasoducto Atacama Chile S.A., and (iii)&nbsp;99.9% of the Equity
Interests in Gasoducto Atacama Argentina S.A.;


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS Governing Company owns 100% of the Equity Interests in Atacama Finance Co.;


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS on March&nbsp;15, 2006, Atacama Finance Co., a corporation incorporated and existing under
the laws of the Cayman Islands issued as promissor the following promissory notes (i)&nbsp;to Seller for
fifty-four million sixty-five thousand five hundred ninety-four dollars and forty-nine cents
(U.S.$54,065,594.49) (the &#147;<U>Seller Note</U>&#148;), (ii)&nbsp;to CMS-Capital for eighty-seven million
three hundred seventy-two thousand six hundred seventy-six dollars and twenty-three cents
(U.S.$87,372,676.23) (the &#147;<U>CMS-Capital Note</U>&#148;), (iii)&nbsp;to CMS-Cayman for seven million seven
hundred thirty-four thousand forty dollars and twenty-four cents (U.S.$7,734,040.24) (the
&#147;<U>CMS-Cayman Note</U>&#148;), and (iv)&nbsp;to CMS Enterprises Investment Company I, which subsequently
transferred and assigned to CMS-Enterprises a note for twenty-six million ninety-nine thousand
eight hundred sixty-eight dollars (U.S.$26,099,868.00) (the &#147;<U>CMS-Enterprises Note</U>&#148;; each of
the Seller Note, the CMS-Capital Note, the CMS-Cayman Note and the CMS-Enterprises Note is
individually referred to as a &#147;<U>Note</U>&#148; and, collectively, as the &#147;<U>Notes</U>&#148;);


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS the Parties have entered into a Securities Purchase Agreement dated May&nbsp;31, 2007
under which Purchaser agreed to purchase from Seller, and Seller agreed to sell to Purchaser, all
of Seller&#146;s Shares, and Purchaser agreed to purchase from the Note Holders, and the Note Holders
agreed to sell to Purchaser, all of the Notes, all of the foregoing upon the terms and subject to
the conditions set forth in such agreement (the &#147;<U>Prior Agreement</U>&#148;); and


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS the Parties desire to amend and restate the Prior Agreement in accordance with the
terms hereof;


<P align="left" style="font-size: 12pt; text-indent: 4%">NOW, THEREFORE, in consideration of the mutual promises, covenants, representations and
warranties made in this Agreement and of the mutual benefits to be derived therefrom, the Parties
hereby agree to amend and restate the Prior Agreement as follows:


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">1.1 <U>Sale and Purchase of Shares</U>. Upon the terms and subject to the conditions of this
Agreement, and simultaneously with the payment of the Purchase Price in accordance with Section&nbsp;1.6
of this Agreement, at the Closing, Purchaser shall purchase from Seller, and Seller shall sell to
Purchaser, good and valid title, free and clear of any Liens except those created by Purchaser
arising out of ownership of the Shares by Purchaser, all of the Shares (the &#147;<U>Shares
Transaction</U>&#148;).


<P align="left" style="font-size: 12pt; text-indent: 8%">1.2 &#091;Intentionally Omitted.&#093;


<P align="left" style="font-size: 12pt; text-indent: 8%">1.3 <U>Sale and Purchase of Notes</U>. Upon the terms and subject to the conditions of this
Agreement, and simultaneously with the payment of the Purchase Price in accordance with Section&nbsp;1.6
of this Agreement, at the Closing (a)&nbsp;Purchaser shall purchase from Seller, and Seller shall sell
to Purchaser, the Seller Note (inclusive of all accrued and unpaid interest prior to the Closing
Date); (b)&nbsp;Purchaser shall purchase from CMS-Capital, and CMS-Capital shall sell to Purchaser, the
CMS-Capital Note (inclusive of all accrued and unpaid interest prior to the Closing Date); (c)
Purchaser shall purchase from CMS-Cayman, and CMS-Cayman shall sell to Purchaser, the CMS-Cayman
Note (inclusive of all accrued and unpaid interest prior to the Closing Date); and (d)&nbsp;Purchaser
shall purchase from CMS-Enterprises (inclusive of all accrued and unpaid interest prior to the
Closing Date), and CMS-Enterprises shall sell to Purchaser, the CMS-Enterprises Note (inclusive of
all accrued and unpaid interest prior to the Closing Date). The transactions with respect to the
Notes contemplated by this <U>Section&nbsp;1.3</U> are collectively referred to as the &#147;<U>Notes
Transaction</U>&#148;, and together with the Shares Transaction, the &#147;<U>Transactions</U>&#148;).


<P align="left" style="font-size: 12pt; text-indent: 8%">1.4 <U>Purchase Price</U>. The consideration to be paid by Purchaser in respect of the
Shares and the Notes shall be an aggregate amount in cash equal to Eighty Million dollars
(US$80,000,000) in the legal currency of the United States of America (the &#147;<U>Purchase
Price</U>&#148;).


<P align="left" style="font-size: 12pt; text-indent: 8%">1.5 <U>Closing</U>. The closing of the Transactions (the &#147;<U>Closing</U>&#148;) shall take place
in New York, New York, at 10:00&nbsp;a.m., local time, as soon as practicable, but in any event not
later than the second (2<sup>nd</sup>) Business Day immediately following the date on which the
last of the conditions contained in <U>Article&nbsp;VI</U> is fulfilled or waived (except for those
conditions which by their nature can only be fulfilled at the Closing, but subject to the
fulfillment or waiver of such conditions), or at such other place, time and date (the &#147;<U>Closing
Date</U>&#148;) as the Parties may agree.


<P align="left" style="font-size: 12pt; text-indent: 8%">1.6 <U>Closing Deliveries</U>. At the Closing:


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;Purchaser shall pay, or cause to be paid, to Seller (or any Affiliate designated by Seller
prior to the Closing) an amount in cash equal to the Purchase Price (after application of amounts
previously delivered to Seller pursuant to <U>Section&nbsp;1.7</U>) for the Shares and Notes so
delivered by Seller and the Note Holders, as applicable, by wire transfer of immediately available
funds to the bank account or accounts designated by Seller prior to the Closing.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;Seller shall deliver to Purchaser (i)&nbsp;one or more instruments of transfer in respect of
the Shares, duly executed in proper form for transfer and (ii)&nbsp;evidence of approval by the
directors of each Company for entry in the &#147;Register of Members&#148; of each Company approving the
transfer of the Shares to the respective transferee designated by Purchaser.


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;Each Note Holder, as applicable, shall deliver to Purchaser its respective Note, duly
endorsed &#147;Without Recourse&#148; (or accompanied by an instrument duly endorsed &#147;Without Recourse&#148;) in
blank for transfer.


<P align="left" style="font-size: 12pt; text-indent: 12%">(d)&nbsp;Seller shall deliver to Purchaser all of the Companies and CMS-Inversiones accounting,
tax, corporate and commercial books and records that are located in Seller&#146;s headquarters offices
in Michigan.


<P align="left" style="font-size: 12pt; text-indent: 12%">(e)&nbsp;Purchaser and CMS-Enterprises shall execute and deliver to each other an instrument
pursuant to which CMS-Enterprises transfers all of CMS-Enterprises&#146; rights and obligations under
the Consortium Agreement, and Purchaser accepts such transfer.


<P align="left" style="font-size: 12pt; text-indent: 12%">(f)&nbsp;Each Party shall deliver the certificates, agreements, instruments and other documents
required to be delivered by it pursuant to <U>Article&nbsp;VI</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">1.7 <U>Purchase Agreement Fee</U>. Within two (2)&nbsp;Business Days of receipt of written notice
that the board of directors of CMS Energy Corporation has approved this Agreement, and in
consideration of the time expended and expense incurred by Seller and the Note Holders in
negotiating and executing this Agreement, Purchaser shall pay to Seller Fifteen Million Dollars
(US$15,000,000) in cash (the aggregate of such amount, plus any interest deemed earned thereon at
the Specified Rate from (and including) the date hereof to (but excluding) the Closing Date or date
of earlier termination of this Agreement, being referred to as the &#147;<U>Purchase Agreement
Fee</U>&#148;), by wire transfer of immediately available funds in United States dollars to the bank
account or accounts that have been designated by Seller. The Purchase Agreement Fee will be deemed
to earn interest at the Specified Rate. Notwithstanding any provision to the contrary contained
herein, the Purchase Agreement Fee shall be nonrefundable by Seller; <U>provided</U>,
<U>however</U>, the Purchase Agreement Fee shall be refundable in the event that this Agreement is
terminated in accordance with Article&nbsp;VII, except <U>Section&nbsp;7.1(f)</U>, in which event Seller
shall pay to Purchaser, no later than five (5)&nbsp;Business Days following the effective date of such
termination, an amount equal to the Purchase Agreement Fee received by it pursuant to this
<U>Section&nbsp;1.7</U> by wire transfer of immediately available funds in United States dollars to the
bank account or accounts designated by Purchaser. The Purchase Agreement Fee shall be credited
against (x)&nbsp;the Purchase Price payable at Closing to Seller or any Affiliate designated by Seller
or (y)&nbsp;if this Agreement is terminated (other than pursuant to <U>Section&nbsp;7.1(a)</U>), the
Damages, if any, owed by Purchaser to Seller arising out of breach of this Agreement by Purchaser.
The Purchase Agreement Fee shall not be deemed to be a liquidated damages payment for any breach by
Purchaser of this Agreement. If Seller fails to refund the Purchase Agreement Fee within five (5)
Business Days of Seller becoming obligated hereunder to make such a refund, the amount thereof
shall bear default interest at a rate equal to LIBOR plus two per cent (2%) per annum.


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">2.1 <U>Representations and Warranties of Seller</U>. Except as otherwise disclosed in the
Seller Disclosure Letter attached hereto as <U>Exhibit&nbsp;A</U> (the &#147;<U>Seller Disclosure
Letter</U>&#148;), Seller represents and warrants, as to itself only, and in connection with the Shares
Transaction only, to Purchaser as follows in this <U>Section&nbsp;2.1</U>:


<P align="left" style="font-size: 12pt; text-indent: 12%">2.1.1 <U>Organization and Qualification</U>. Seller is a limited liability company duly
formed and validly existing under the laws of the State of Michigan, and has full power and
authority to own, lease and operate its assets and properties and to conduct its business as
presently conducted, except where the failure to have such power and authority would not reasonably
be expected to have, individually or in the aggregate, a Seller Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 12%">2.1.2 <U>Title to Shares</U>. As of the Closing Date, Seller will be the lawful record and
beneficial owner of the Shares set forth opposite its name in Schedule&nbsp;2.1.2 of the Seller
Disclosure Letter, free and clear of any and all Liens, except for Liens created by this Agreement.
The Shares constitute all of the issued and outstanding Equity Interests in the Companies. The
transfer of the Shares to Purchaser in the manner contemplated under <U>Article&nbsp;I</U>,
simultaneously with the payment by Purchaser of the Purchase Price to Seller, shall transfer to
Purchaser valid beneficial and legal title to the Shares. There are no outstanding options,
warrants or other rights of any kind to acquire from Seller or any of its Affiliates any Shares or
securities convertible into or exchangeable for, or which otherwise confer on the holder thereof
any right to acquire from Seller any Shares, nor is Seller committed to issue any such option,
warrant, right or security.


<P align="left" style="font-size: 12pt; text-indent: 12%">2.1.3 <U>Authority; Non-Contravention; Approvals</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;<U>Authority</U>. As of the Effective Date Seller has full power and authority to enter
into this Agreement and, subject to receipt of the Seller Required Approvals, to consummate the
transactions to be effected by Seller as contemplated hereby. As of the Effective Date the
execution, delivery and performance by Seller of this Agreement and the consummation by Seller of
the transactions to be effected by Seller as contemplated hereby shall have been duly and validly
authorized by all requisite action on the part of Seller, and no other proceedings or approvals on
the part of Seller shall thereafter be necessary to authorize this Agreement or to consummate the
transactions to be effected by Seller as contemplated hereby. As of the Effective Date this
Agreement shall have been duly executed and delivered by Seller and, assuming the due
authorization, execution and delivery hereof by Purchaser, shall thereafter constitute the legal,
valid and binding obligation of Seller, enforceable against Seller in accordance with its terms,
except as limited by applicable Law affecting the enforcement of creditors&#146; rights generally or by
general equitable principles.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;<U>Non-Contravention</U>. Except for matters arising with respect to the regulatory or
corporate status of Purchaser, the execution and delivery of this Agreement by Seller do not, and
the consummation of the transactions contemplated hereby will not, result in any violation or
breach of or default (with or without notice or lapse of time or both) under, or give rise to a
right of termination, cancellation or acceleration of any obligation under (any such violation,
breach, default, right of termination, cancellation or acceleration is referred to herein as a
&#147;<U>Violation</U>&#148;), or result in the creation of any Lien upon any of the properties or assets of
Seller pursuant to any provision of (i)&nbsp;the Organizational Documents of Seller; (ii)&nbsp;any lease,
mortgage, indenture, note, bond, deed of trust, or other written instrument or agreement of any
kind to which it or any of its Affiliates is a party or by which it or any of its Affiliates may be
bound; or (iii)&nbsp;any Law, Permit or Governmental Order applicable to it or any of its Affiliates,
subject to obtaining the Seller Required Approvals; other than in the case of clauses (i), (ii)&nbsp;and
(iii)&nbsp;any such Violation or Lien which would not reasonably be expected to have, individually or in
the aggregate, a Seller Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;<U>Approvals</U>. Except for the filings or approvals (i)&nbsp;set forth in <U>Schedule
2.1.3(c)</U> of the Seller Disclosure Letter (the &#147;<U>Seller Required Approvals</U>&#148;) and (ii)&nbsp;as
may be required due to the regulatory or corporate status of Purchaser, no Consent of any Person is
required to be made or obtained by Seller in connection with the execution and delivery of this
Agreement or the consummation by Seller of the transactions to be effected by Seller as
contemplated hereby, except those which the failure to make or obtain would not reasonably be
expected to have, individually or in the aggregate, a Seller Material Adverse Effect.
Schedule&nbsp;2.1.3(d) sets forth other material consents, approvals, filings and notices that may be
necessary, advisable or appropriate in connection with the transactions contemplated by this
Agreement.


<P align="left" style="font-size: 12pt; text-indent: 12%">2.1.4 <U>Organization and Qualification of Companies and CMS-Inversiones; Capitalization</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;Each Company and CMS-Inversiones has been duly formed, is validly existing and is in good
standing (to the extent such concepts are recognized under applicable Law) under the laws of the
jurisdiction of its formation, with full corporate power and authority to own or lease and to
operate its properties and to conduct its business as presently conducted and is duly qualified to
do business in all jurisdictions in which such qualification is necessary under applicable Law as a
result of the conduct of its business or the operation of its properties.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;The authorized capital stock of the Companies consists of (i)&nbsp;for CMS-Gas, 50,000 ordinary
shares, $1.00 par value, of which 100 shares are issued and outstanding, and (ii)&nbsp;for
CMS-Generation, 50,000 ordinary shares, $1.00 par value, of which 100 shares are issued and
outstanding. CMS-Inversiones was initially formed with subscribed capital of CLP 187,650,000,000.


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;Except as (i)&nbsp;set forth in <U>Schedule&nbsp;2.1.4(c)</U> of the Seller Disclosure Letter and
(ii)&nbsp;provided for in the Organizational Documents of the Companies and of CMS-Inversiones, there
are no subscriptions, options, warrants, calls, conversion, exchange, purchase right or other
written contracts, rights, agreements or commitments of any kind obligating, directly or
indirectly, the Companies or CMS-Inversiones to issue, transfer, sell or otherwise dispose of, or
cause to be issued, transferred, sold or otherwise disposed of, any Equity Interests of the
Companies or CMS-Inversiones or any securities convertible into or exchangeable for any such Equity
Interests.


<P align="left" style="font-size: 12pt; text-indent: 12%">(d)&nbsp;None of the Companies or CMS-Inversiones has any material third party debt as of the date
of this Agreement. As of the Closing Date, the only assets of the Companies and CMS-Inversiones
will be the Equity Interests set forth on Schedule&nbsp;3.1.1.


<P align="left" style="font-size: 12pt; text-indent: 12%">2.1.5 <U>Brokers and Finders</U>. Neither Seller nor any of its Affiliates has entered into
any written agreement or arrangement entitling any agent, broker, investment banker, financial
advisor or other firm or Person to any broker&#146;s or finder&#146;s fee or any other commission or similar
fee payable by Seller, its Affiliates or the Companies in connection with any of the transactions
contemplated by this Agreement, except J.P. Morgan Securities Inc.


<P align="left" style="font-size: 12pt; text-indent: 12%">2.1.6 <U>Financial Distress of Companies Subsidiaries</U>. The business, operations and
financial condition of the Companies Subsidiaries are subject to considerable distress, and the
bankruptcy of one or more of the Companies Subsidiaries is a material probability or likelihood.
To the extent that Seller or its Affiliates reasonably believes upon the advice of counsel such
action to be required from a legal standpoint, a bankruptcy filing for one or more Companies
Subsidiaries shall not constitute a breach of this Agreement or an event that constitutes a failure
of condition to Closing or that gives rise to a right to terminate this Agreement. For the
avoidance of doubt, under no circumstances shall Seller be required or expected to provide any
equity or debt financing to any of the Operating Companies.


<P align="left" style="font-size: 12pt; text-indent: 12%">2.1.7 <U>No Other Representations and Warranties</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS <U>ARTICLE II</U> (INCLUDING
THE DISCLOSURE SCHEDULES), THE SELLER MAKES NO EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY, AND
THE SELLER HEREBY DISCLAIMS ANY SUCH REPRESENTATION OR WARRANTY WITH RESPECT TO THE EXECUTION AND
DELIVERY OF THIS AGREEMENT AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.


<P align="left" style="font-size: 12pt; text-indent: 8%">2.2 <U>Representations and Warranties of the Note Holders</U>. Except as otherwise disclosed
in the Note Holders Disclosure Letter attached hereto as <U>Exhibit&nbsp;B</U> (the &#147;<U>Note Holders
Disclosure Letter</U>&#148;), each Note Holder severally and not jointly represents and warrants, as to
itself only, and in connection with the Notes Transaction only, to Purchaser as follows in this
<U>Section&nbsp;2.2</U>:


<P align="left" style="font-size: 12pt; text-indent: 12%">2.2.1 <U>Organization and Qualification</U>. Each Note Holder is a legal entity duly formed
and validly existing under the laws of the jurisdictions of its formation, and has the power and
authority to own, lease and operate its assets and properties and to conduct its business as
presently conducted, except where the failure to have such power and authority would not reasonably
be expected to have, individually or in the aggregate, a Seller Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 12%">2.2.2 <U>Title to Notes</U>. Each Note Holder is the lawful record and beneficial owner of
each Note set forth opposite its name in Schedule&nbsp;2.2.2 of the Note Holders Disclosure Letter, free
and clear of any and all Liens. A true and correct copy of each Note, as amended from time to time
through the date of this Agreement, has been made available to Purchaser prior to the date hereof.
From December&nbsp;31, 2006 through the date of this Agreement, none of the Note Holders have consented
to any waiver of any of its rights under the applicable Notes.


<P align="left" style="font-size: 12pt; text-indent: 12%">2.2.3 <U>Authority; Non-Contravention; Approvals</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;<U>Authority</U>. As of the Effective Date, each Note Holder has full power and
authority to enter into this Agreement and to consummate the transactions to be effected by the
Note Holder as contemplated hereby. As of the Effective Date, the execution, delivery and
performance by each Note Holder of this Agreement and the consummation by each Note Holder of the
transactions to be effected by the Note Holder as contemplated hereby shall have been duly and
validly authorized by all requisite action on the part of each Note Holder, and no other
proceedings or approvals on the part of a Note Holder shall thereafter be necessary to authorize
this Agreement or to consummate the transactions to be effected by the Note Holder as contemplated
hereby. As of the Effective Date, this Agreement shall have been duly executed and delivered by
the Note Holders and, assuming the due authorization, execution and delivery hereof by Purchaser,
shall thereafter constitute the legal, valid and binding obligation of each Note Holder,
enforceable against the Note Holders in accordance with its terms, except as limited by applicable
Law affecting the enforcement of creditors&#146; rights generally or by general equitable principles.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;<U>Non-Contravention</U>. Except for matters arising with respect to the regulatory or
corporate status of Purchaser, the execution and delivery of this Agreement by the Note Holders do
not, and the consummation of the transactions contemplated hereby will not, result in any
Violation, or result in the creation of any Lien upon any of the properties or assets of the Note
Holders pursuant to any provision of (i)&nbsp;the Organizational Documents of the Note Holders; (ii)&nbsp;any
lease, mortgage, indenture, note, bond, deed of trust, or other written instrument or agreement of
any kind to which the Note Holders are a party or by which they may be bound; or (iii)&nbsp;any Law,
Permit or Governmental Order applicable to it, subject to obtaining the Note Holders Required
Approvals; other than in the case of clauses (i), (ii)&nbsp;and (iii)&nbsp;any such Violation or Lien which
would not reasonably be expected to have, individually or in the aggregate, a Seller Material
Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;<U>Approvals</U>. Except for the filings or approvals (i)&nbsp;set forth in <U>Schedule
2.2.3(c)</U> of the Note Holders Disclosure Letter (the &#147;<U>Note Holder Required Approvals</U>&#148;)
and (ii)&nbsp;as may be required due to the regulatory or corporate status of Purchaser, no Consent of
any Person is required to be made or obtained by any Note Holder in connection with the execution
and delivery of this Agreement or the consummation by the Note Holders of the transactions to be
effected by Note Holders as contemplated hereby, except those which the failure to make or obtain
would not reasonably be expected to have, individually or in the aggregate, a Seller Material
Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 12%">2.2.4 <U>Brokers and Finders</U>. Neither the Note Holders nor any of their Affiliates have
entered into any written agreement or arrangement entitling any agent, broker, investment banker,
financial advisor or other firm or Person to any broker&#146;s or finder&#146;s fee or any other commission
or similar fee payable by any of the Note Holders or their Affiliates in connection with any of the
transactions contemplated by this Agreement, except J.P. Morgan Securities Inc.


<P align="left" style="font-size: 12pt; text-indent: 12%">2.2.5 <U>Financial Distress of Companies Subsidiaries</U>. Purchaser acknowledges that the
business, operations and financial condition of the Companies Subsidiaries are subject to
considerable distress, and the bankruptcy of one or more of the Companies Subsidiaries is a
material probability or likelihood. To the extent that Seller or its Affiliates reasonably
believes upon the advice of counsel such action to be required from a legal standpoint, a
bankruptcy filing for one or more Companies Subsidiaries shall not constitute a breach of this
Agreement or an event that constitutes a failure of a condition to Closing or that gives rise to a
right to terminate this Agreement. For the avoidance of doubt, under no circumstances shall Seller
be required or expected to provide any equity or debt financing to any of the Operating Companies.


<P align="left" style="font-size: 12pt; text-indent: 12%">2.2.6 <U>No Other Representations and Warranties</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS <U>ARTICLE II</U> (INCLUDING
THE DISCLOSURE SCHEDULES), NONE OF THE NOTE HOLDERS MAKES ANY EXPRESS OR IMPLIED REPRESENTATION OR
WARRANTY, AND EACH NOTE HOLDER HEREBY DISCLAIMS ANY SUCH REPRESENTATION OR WARRANTY WITH RESPECT TO
THE EXECUTION AND DELIVERY OF THIS AGREEMENT AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED
BY THIS AGREEMENT.


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



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



<P align="center" style="font-size: 12pt"><B>TO THE COMPANIES SUBSIDIARIES</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">Except as disclosed in the Seller Disclosure Letter, Seller represents and warrants to
Purchaser as follows in this <U>Article&nbsp;III</U> (<U>provided</U> that each representation and
warranty made by Seller in this <U>Article&nbsp;III</U> is made solely to the Knowledge of Seller):


<P align="left" style="font-size: 12pt; text-indent: 8%">3.1 <U>Capitalization and Title</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">3.1.1 <U>Description</U>. Set forth on Schedule&nbsp;3.1.1 of the Seller Disclosure Letter for
each of the Companies Subsidiaries and CMS-Inversiones is (i)&nbsp;its jurisdiction of formation; (ii)
its authorized Equity Interests; (iii)&nbsp;the number of its issued and outstanding Equity Interests;
and (iv)&nbsp;the names of the owners of its issued and outstanding Equity Interests.


<P align="left" style="font-size: 12pt; text-indent: 12%">3.1.2 <U>No Consents to Liens</U>. From December&nbsp;31, 2006 through the date of this
Agreement, none of Seller, the Governing Company or the Holding Company has consented to the
creation of any Liens on the Equity Interests of any of the Companies Subsidiaries, except as set
forth in Schedule&nbsp;3.1.2 of the Company Disclosure Letter.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.2 <U>Financial Statements</U>. The audited balance sheet as at December&nbsp;31, 2006 and the
related audited statements of income and of cash flows for the year then ended for each Companies
Subsidiary (individually, a &#147;<U>Company Subsidiary Financial Statement</U>&#148; and, collectively, the
&#147;<U>Companies Subsidiaries Financial Statements</U>&#148;) have been provided to Purchaser prior to the
date of this Agreement. As of the respective dates thereof, each Companies Subsidiary Financial
Statement fairly presents in all material respects the financial position of the respective
Companies Subsidiary as of December&nbsp;31, 2006, and the results of such Companies Subsidiary&#146;s
operations and cash flows for the period indicated (except for normal and recurring year-end
adjustments) in conformity with Chilean GAAP in accordance with the terms thereof);
<U>provided</U> that no representation is made by Seller with respect to whether any write-off or
other adjustment of asset values would have been appropriate as of any such dates. From
December&nbsp;31, 2006 through the date of this Agreement, Seller has not approved the incurrence of any
third party debt by any of the Companies Subsidiaries, nor is Seller aware of any such incurrence
during such period.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.3 <U>Tax Matters</U>. Except as set forth in Schedule&nbsp;3.3 of the Seller Disclosure Letter,
each of the Companies Subsidiaries has, or, in each case, a Person acting on its behalf has as of
the date of this Agreement filed with the appropriate Governmental Entity all material Tax Returns
required to have been filed by it. No material audits or other proceedings are pending, as of the
date hereof, with regard to any material Taxes or Tax Returns.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.4 <U>Compliance with Laws</U>. Except as set forth in Schedule&nbsp;3.4 of the Seller
Disclosure Letter, as of the date of this Agreement none of the Company, any Companies Subsidiary
or CMS-Inversiones has received written notice of or has been charged with any violation of, nor is
it under investigation with respect to any violation of, any applicable Law (including any
applicable foreign corrupt practices Law) or applicable Governmental Order, except in each case for
violations which would not reasonably be expected to have, individually or in the aggregate, a
Companies Material Adverse Effect.<U> </U>


<P align="left" style="font-size: 12pt; text-indent: 8%">3.5 <U>Certain Contracts</U>. Purchaser has been provided with a true and correct copy of
each contract identified in Schedule&nbsp;3.5 of the Seller Disclosure Letter. As of the date of this
Agreement, no party to the contracts identified in Schedule&nbsp;3.5 of the Seller Disclosure Letter is
in breach or default thereunder, except in each case for any breach or default that would not
reasonably be expected to have, individually or in the aggregate, a Companies Material Adverse
Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.6 <U>Operating Company Notes.</U> Purchaser has been provided with a true and correct copy
of each promissory note issued by any Operating Company in favor of Atacama Finance Co. as in
effect as of the date hereof (the &#147;<U>Operating Company Notes</U>&#148;). From December&nbsp;31, 2006
through the date of this Agreement, the Seller has not consented to any waiver of any rights of
Atacama Finance Co. under any of the Operating Company Notes nor is Seller aware of any such waiver
during such period.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.7 <U>Financial Distress of Companies Subsidiaries</U>. THE BUSINESS, OPERATIONS AND
FINANCIAL CONDITION OF THE COMPANIES SUBSIDIARIES ARE SUBJECT TO CONSIDERABLE DISTRESS, AND THE
BANKRUPTCY OF ONE OR MORE OF THE COMPANIES SUBSIDIARIES IS A MATERIAL PROBABILITY OR LIKELIHOOD.
TO THE EXTENT THAT SELLER OR ITS AFFILIATES REASONABLY BELIEVES UPON THE ADVICE OF COUNSEL SUCH
ACTION TO BE REQUIRED FROM A LEGAL STANDPOINT, A BANKRUPTCY FILING FOR ONE OR MORE COMPANIES
SUBSIDIARIES SHALL NOT CONSTITUTE A BREACH OF THIS AGREEMENT OR AN EVENT THAT CONSTITUTES A FAILURE
OF CONDITION TO CLOSING OR THAT GIVES RISE TO A RIGHT TO TERMINATE THIS AGREEMENT. FOR THE
AVOIDANCE OF DOUBT, UNDER NO CIRCUMSTANCES SHALL SELLER BE REQUIRED OR EXPECTED TO PROVIDE ANY
EQUITY OR DEBT FINANCING TO ANY OF THE OPERATING COMPANIES.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.8 <U>No Other Representations and Warranties.</U> EXCEPT FOR THE REPRESENTATIONS AND
WARRANTIES CONTAINED IN THIS ARTICLE III (INCLUDING THE DISCLOSURE SCHEDULES), THE SELLER MAKES NO
EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY WITH RESPECT TO THE COMPANIES SUBSIDIARIES, AND THE
SELLER HEREBY DISCLAIMS ANY SUCH REPRESENTATION OR WARRANTY WITH RESPECT TO THE COMPANIES
SUBSIDIARIES.


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



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



<P align="left" style="font-size: 12pt; text-indent: 4%">Purchaser represents and warrants to Seller and to the Note Holders as follows in this
<U>Article&nbsp;IV</U>:


<P align="left" style="font-size: 12pt; text-indent: 8%">4.1 <U>Organization and Qualification</U>. Purchaser is an exempt company with limited
liability, duly formed, validly existing and in good standing under the laws of Cayman Islands.
Purchaser has full power and authority to own, lease and operate its assets and properties and to
conduct its business as presently conducted. Purchaser is duly qualified to do business and in
good standing as a foreign corporation in all jurisdictions in which such qualification is
necessary under applicable Law as a result of the conduct of its business or the ownership of its
properties, except for those jurisdictions where failure to be so qualified or in good standing
would not reasonably be expected to have, individually or in the aggregate, a Purchaser Material
Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.2 <U>Authority; Non-Contravention; Approvals</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;<U>Authority</U>. Purchaser has full power and authority to enter into this Agreement
and to consummate the transactions contemplated hereby. The execution, delivery and performance by
Purchaser of this Agreement and the consummation by Purchaser of the transactions contemplated
hereby have been duly and validly authorized by all requisite action on the part of Purchaser, and
no other proceedings or approvals on the part of Purchaser are necessary to authorize this
Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly
executed and delivered by Purchaser and, assuming the due authorization, execution and delivery
hereof by each other Party, constitutes the legal, valid and binding obligation of Purchaser,
enforceable against Purchaser in accordance with its terms, except as limited by applicable Law
affecting the enforcement of creditors&#146; rights generally or by general equitable principles.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;<U>Non-Contravention</U>. The execution and delivery of this Agreement by Purchaser do
not, and the consummation of the transactions contemplated hereby will not, result in any Violation
or result in the creation of any Lien upon any of the respective properties or assets of Purchaser
pursuant to any provision of (i)&nbsp;the Organizational Documents of Purchaser, as the case may be;
(ii)&nbsp;any lease, mortgage, indenture, note, bond, deed of trust, or other written instrument or
agreement of any kind to which Purchaser is a party or by which Purchaser may be bound; or (iii)
any Law, Permit or governmental order applicable to Purchaser; other than in the case of clauses
(i), (ii)&nbsp;and (iii)&nbsp;for any such Violation or Lien that would not reasonably be expected to have,
individually or in the aggregate, a Purchaser Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;<U>Approvals</U>. Except for the filings or approvals as may be required due to the
regulatory or corporate status of Seller or any Company, no Consent of any Governmental Entity is
required to be made or obtained by Purchaser in connection with the execution and delivery of this
Agreement or the consummation by Purchaser of the transactions contemplated hereby, except those
which the failure to make or obtain would not reasonably be expected to have, individually or in
the aggregate, a Purchaser Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.3 <U>Financing</U>. Purchaser has, and will have at the Closing, available cash and/or
credit capacity, either in its accounts, through binding and enforceable credit arrangements or
borrowing facilities or otherwise, (i)&nbsp;to pay the Purchase Price at the Closing, (ii)&nbsp;to pay all
fees and expenses required to be paid by Purchaser in connection with the transactions contemplated
by this Agreement, and (iii)&nbsp;to perform all of its other obligations hereunder.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.4 <U> Investment Intention; Sufficient Investment Experience; Independent Investigation;
Financial Distress of Companies Subsidiaries</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;Purchaser understands that the purchase of the Shares and Notes pursuant to the terms of
this Agreement involves substantial risk. Purchaser has such knowledge and experience in financial
and business matters that it is capable of evaluating the Companies, the Companies Subsidiaries and
the Notes and the merits and risks of an investment in the Shares and the Notes. Purchaser has
been given adequate opportunity to examine all documents provided by, conduct due diligence and ask
questions of, and to receive answers from, Seller, the Companies, the Companies Subsidiaries, the
Note Holders and their respective representatives concerning the Companies, the Companies
Subsidiaries, the Notes and Purchaser&#146;s investment in the Shares and the Notes. Purchaser
acknowledges and affirms that it has completed its own independent investigation, analysis and
evaluation of the Companies, the Companies Subsidiaries and the Notes and that it has made all such
reviews and inspections of the business, assets, results of operations and condition (financial or
otherwise) of the Companies and the Companies Subsidiaries as it has deemed necessary or
appropriate, and that in making its decision to enter into this Agreement and to consummate the
transactions contemplated hereby it has relied on its own independent investigation, analysis, and
evaluation of the Companies, the Companies Subsidiaries and the Notes and the representations and
warranties of the Seller and the Note Holders set forth in <U>Articles II</U> and <U>III</U>, as
applicable. Purchaser acknowledges and agrees that it is deemed to have reviewed and have
knowledge of the information made available in the data room, through management meetings and site
visits, and that no such information shall form the basis for a breach or inaccuracy of any
representation or warranty of Seller or the Note Holders set forth in this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;Purchaser acknowledges that the business operations and financial condition of the
Companies Subsidiaries are subject to considerable distress, and that the bankruptcy of one or more
of the Companies Subsidiaries is a material probability or likelihood. Purchaser further
acknowledges that it has had a full opportunity to investigate the business and affairs of the
Companies Subsidiaries with respect to these issues and understands the risks of their financial
failure. Purchaser and its Affiliates have acknowledged and agreed to take all risk of insolvency
and/or bankruptcy of the Companies and the Companies Subsidiaries, including without limitation, a
filing for insolvency by any Company or any of the Companies Subsidiaries or a declaration of
insolvency, or similar Governmental Order, by any Governmental Entity. Any such declaration or
Governmental Order shall, with respect to Seller or any Note Holder, under no circumstance
constitute a breach of any obligation, representation, warranty, covenant or condition to Closing,
nor shall otherwise constitute an event giving rise to the right of Purchaser to modify or
terminate its obligations to close the Transactions pursuant to the Agreement. Purchaser further
agrees that prior to the Closing, to the extent that Seller or its Affiliates reasonably believes
upon the advice of counsel such action to be required from a legal standpoint, Seller and its
Affiliates shall have the right to effect a bankruptcy filing for one or more Companies
Subsidiaries in their sole discretion after consultation with Purchaser, and that such bankruptcy
filings shall not constitute a breach of this Agreement or an event that constitutes a failure of
condition to Closing or an event that gives rise to a right to terminate this Agreement. For the
avoidance of doubt, under no circumstances shall Seller be required or expected to provide any
equity or debt financing to any of the Operating Companies.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.5 <U>Brokers and Finders</U>. Purchaser has not entered into any written agreement or
arrangement entitling any agent, broker, investment banker, financial advisor or other firm or
Person to any broker&#146;s or finder&#146;s fee or any other commission or similar fee in connection with
any of the transactions contemplated by this Agreement, except Credit Suisse Securities (USA), LLC,
whose fees and expenses will be paid by Purchaser in accordance with such party&#146;s agreement with
such firm.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.6 <U>No Knowledge of Seller or Note Holders Breach</U>. Neither Purchaser nor any of its
Affiliates has Knowledge of any breach or inaccuracy, or of any facts or circumstances which may
constitute or give rise to a breach or inaccuracy, of any representation or warranty of Seller or
the Note Holders set forth in this Agreement.


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">5.1 <U>Notification to the CNDC and ENARGAS; Negative Antitrust and ENARGAS Decision;
Transfer of Shares to a Third Purchaser</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;<U>Notification of the Transactions to the CNDC and ENARGAS.</U> Within seven (7)&nbsp;days
from the Closing Date, and at any subsequent date that may be required by instruction of the CNDC
and/or ENARGAS, Seller and Purchaser shall (i)&nbsp;cooperate with one another and file all
notifications, applications, registrations, filings, declarations and reports required under the
Antitrust Law and the Gas Law relating to the Transactions, and (ii)&nbsp;use their reasonable efforts
to take, or cause to be taken, all appropriate action, and to do, or cause to be done, all things
necessary, proper or advisable to obtain the Argentine Transaction Approvals.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;Negative Antitrust Decision and/or Negative ENARGAS Decision.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 8%">(i)&nbsp;Purchaser hereby expressly acknowledges and undertakes that the entire risk as to a
Negative Antitrust Decision and/or Negative ENARGAS Decision and/or the issuance of any
resolution, decree, judgment, injunction or other order, whether temporary, preliminary or
permanent, oral or in writing, in each case pursuant to Antitrust Law and/or Gas Law, as the
case may be, that may prohibit, prevent or restrict the consummation of the Transactions
rests exclusively with Purchaser.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 8%">(ii)&nbsp;Purchaser shall be the sole responsible party to perform any and all actions
required by the Negative Antitrust Decision and/or Negative ENARGAS Decision including, but
not limited to, (x)&nbsp;a divesture of Purchaser&#146;s businesses, product lines or assets in favor
of a third party, at its own risk, cost and expense; and (y)&nbsp;appointment of the management
of the Companies following directives by the CNDC or other antitrust authority.
Notwithstanding anything contained herein to the contrary, none of Seller or its Affiliates
shall be required to (A)&nbsp;divest any of its respective businesses, product lines or assets
that are not transferred to Purchaser or (B)&nbsp;take or agree to take any other action or agree
to any limitation that could reasonable be expected to (1)&nbsp;result in a adverse effect on its
business, assets, condition (financial or otherwise) or (2)&nbsp;deprive Seller or any Note
Holder, or any Affiliate of any of them, of any benefit of the Transactions



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 8%">(iii)&nbsp;Each Party shall promptly give to the other Party notice of all information in
its possession regarding the Negative Antitrust Decision and/or the Negative ENARGAS
Decision or its consequences and promptly transmit to the other Party a copy of all
documents received or sent in that respect. Each Party shall also respond promptly to any
reasonable request for information from the other Party with respect to a Negative Antitrust
Decision and/or Negative ENARGAS Decision or its consequences.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 8%">(iv)&nbsp;In furtherance of the foregoing, Seller shall execute and deliver, or cause to be
executed and delivered, all such documents and instruments and shall take, or cause to be
taken, all such further or other actions, as Purchaser may reasonably deem necessary to
permit Purchaser to have complete control of the Companies as from the date hereof.


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;<U>Waiver by Purchaser</U>. None of the Seller, its Affiliates or any of their
respective officers, directors or employees shall be held liable for any loss or damage arising out
of any of the events provided for in Section&nbsp;5.1(b) hereof.


<P align="left" style="font-size: 12pt; text-indent: 12%">(d)&nbsp;&#091;Intentionally Omitted.&#093;


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



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 8%">(i)&nbsp;Subject only to the terms and limitations set forth in this Section&nbsp;5.1, Purchaser
shall indemnify, defend and hold harmless Seller or any of its Affiliates and their
respective directors, officers, employees, successors, permitted assigns, advisors, agents,
or representatives (whether or not also indemnified by any other Person under any other
document) from and against any penalties, fines, administrative sanctions, costs and
expenses (including reasonable attorneys&#146; fees as provided in Section&nbsp;5.1(e)(ii) below)
which directly relate to, or arise out of, any of the events provided for in Section&nbsp;5.1(b),
including fines, penalties and/or administrative sanctions imposed, or handed down, by the
CNDC, ENARGAS, the Secretariat of Internal Trade and/or any other agency, tribunal or court
because the Transactions is ultimately deemed to breach the Antitrust Law and/or the Gas Law
(a &#147;<U>Claim</U>&#148;).



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 8%">(ii)&nbsp;Within five (5)&nbsp;days following the receipt by Seller of a Claim, Seller shall
promptly give notice of such Claim to Purchaser in writing. Purchaser shall assume and
control the defense of a Claim with counsel of their own choice it being understood,
however, that Seller may retain, at its own cost, separate co-counsel and participate fully
in the defense of the Claim with full access to all relevant information.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 8%">(iii)&nbsp;If a Claim involves a fine, penalty and/or an administrative sanction to Seller,
then at Seller&#146;s option Purchaser and Parent shall be jointly and severally liable to (i)
pay the amount of the relevant fine, penalty and/or an administrative sanction; or (ii)
deposit in escrow at Seller&#146;s satisfaction the amount of the relevant fine, penalty and/or
an administrative sanction. If Purchaser fails to timely pay or deposit the relevant amount
of the fine, penalty and/or an administrative sanction, the outstanding amount thereof shall
bear default interest at a rate equal to LIBOR plus two per cent (2%) per annum.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 8%">(iv)&nbsp;Notwithstanding Section&nbsp;5.1(e)(iii), any and all expenses and/or costs incurred by
Seller pursuant to Sections&nbsp;5.1(b) and 5.1(e) (including, but not limited to, fines,
penalties and/or an administrative sanctions) shall be reimbursed by Purchaser upon request
by Seller within five (5)&nbsp;Business Days from the date of the request. If Purchaser fails to
timely reimburse the expenses and/or costs incurred by Seller, the outstanding amount
thereof shall bear default interest at a rate equal to LIBOR plus two per cent (2%) per
annum.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 8%">(v)&nbsp;If Seller and Purchaser are found jointly liable of any Claim, Purchaser shall be
the sole responsible for the payment and/or settlement of said Claim and Purchaser hereby
waives any right of contribution or other right of recovery it may have against any Seller.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 8%">(vi)&nbsp;This Section&nbsp;5.1 shall exclusively govern all Claims. For the avoidance of doubt,
survival limitations contemplated in Section&nbsp;8.1 hereof shall not apply to the indemnity
undertakings assumed by Purchaser in this Section&nbsp;5.1 regarding any Claim.


<P align="left" style="font-size: 12pt; text-indent: 12%">(f)&nbsp;<U>Fees, Costs and Expenses</U>. Except for Purchaser&#146;s obligation to pay all fees, costs
and expenses (including, without limitation, reasonable legal fees) incurred by the parties in
connection with any Claim, each of the parties shall pay all fees, costs and expenses (including,
without limitation, reasonable legal fees) incurred by it in connection with the filings made with
the CNDC and ENARGAS in order to obtain the Antitrust Approval and the ENARGAS Approval.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.2 <U>Access</U>. After the date hereof and prior to the Closing, Seller shall exercise the
voting, governance and contractual powers available to it to request (subject to any legal,
contractual, fiduciary, legal or similar obligation of Seller or any of its Affiliates, any
director, officer or employee of Seller or any Seller Affiliate) the Operating Companies to permit
Purchaser and its executive officers, managers, counsel, accountants and other representatives to
have reasonable access, upon reasonable advance notice, during regular business hours, to the
assets, employees, properties, books and records, businesses and operations relating to the
Operating Companies as Purchaser may reasonably request including cooperating with Purchaser
accounting personnel seeking to prepare U.S. GAAP financials for the Operating Companies;
<U>provided</U>, <U>however</U>, that in no event shall Seller be obligated to provide any access
or information if Seller determines, in good faith after consultation with counsel, that providing
such access or information may be inconsistent with or otherwise violate applicable Law (including
without limitation with respect to bankruptcy or insolvency, or applicable Law affecting creditors&#146;
rights generally or general equitable principles), cause Seller or any Operating Company to breach
a confidentiality obligation to which it is bound, or jeopardize any recognized privilege available
to Seller or any Operating Company. Purchaser agrees to indemnify and hold Seller, any Seller
Affiliate and any director, officer or employee of Seller or any Seller Affiliate harmless from any
and all claims and liabilities, including costs and expenses for loss, injury to or death of any
representative of Purchaser and any loss, damage to or destruction of any property owned by Seller,
any Affiliate of Seller or the Operating Companies or others (including claims or liabilities for
loss of use of any property) resulting directly or indirectly from the action or inaction of any of
the employees, counsel, accountants, advisors and other representatives of Purchaser during any
visit to the business or property sites of the Operating Companies prior to the Closing Date,
whether pursuant to this Section&nbsp;5.2 or otherwise. During any visit to the business or property
sites of the Operating Companies, Purchaser shall, and shall cause its employees, counsel,
accountants, advisors and other representatives accessing such properties to, comply with all
applicable Laws and all of the Operating Companies&#146; safety and security procedures and conduct
itself in a manner that could not be reasonably expected to interfere with the operation,
maintenance or repair of the assets of the Operating Companies. Neither Purchaser nor any of its
representatives shall conduct any environmental testing or sampling on any of the business or
property sites of the Operating Companies prior to the Closing Date.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.3 <U>Publicity</U>. Except as may be required by applicable Law or by obligations pursuant
to any listing agreement with or rules or regulations of any national securities exchange, prior to
the Closing none of Seller, the Note Holders, Purchaser nor any of their respective Affiliates
shall, without the express written approval of Seller and Purchaser, make any press release or
other public announcements concerning the transactions contemplated by this Agreement, except as
and to the extent that any such Party shall be so obligated by applicable Law or pursuant to any
such listing agreement or rules or regulations of any national securities exchange, in which case
the other Parties shall be advised and the Parties shall use reasonable efforts to cause a mutually
agreeable release or announcement to be issued.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.4 <U>Fees and Expenses</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;Except as provided in paragraph (b)&nbsp;below and Section&nbsp;5.1 of this Agreement, whether or
not the Closing occurs, all costs and expenses incurred in connection with this Agreement and the
transactions contemplated by this Agreement (including, without limitation, any fees and expenses
of investment bankers, brokers, finders, counsel, advisors, experts or other agents, in each case,
incident to or in connection with the negotiation, preparation, execution, delivery and performance
of this Agreement and the consummation of the transactions contemplated hereby (whether payable
prior to, at or after the Closing Date)) shall be paid by the Party incurring such expense.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;Notwithstanding anything to the contrary set forth in this Agreement, Purchaser shall pay
(i)&nbsp;any Tax (other than capital gains or general income tax) imposed with respect to the
transactions contemplated by this Agreement and (ii)&nbsp;any out-of-pocket fees, costs and expenses
incurred in connection with obtaining all Note Holders Required Approvals, Seller Required
Approvals and Argentine Transaction Approvals (other than the Parties&#146; legal fees and expenses
which are the subject of paragraph (a)&nbsp;above).


<P align="left" style="font-size: 12pt; text-indent: 8%">5.5 <U>Right of First Offer</U>. Promptly after this Agreement is approved by the board of
directors of CMS Energy Corporation (but in no event later than the second Business Day after
receipt thereof), Seller shall deliver to Endesa the right of first offer notice in accordance with
the Consortium Agreement. Purchaser shall cooperate promptly with any requests of Seller or Endesa
with respect to this Agreement and the transactions contemplated hereby.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.6 <U>Further Assurances</U>. Subject to Section&nbsp;5.1 of this Agreement, each of Seller and
the Note Holders, as applicable, and Purchaser agrees that, from time to time before and after the
Closing Date, they shall execute and deliver, and take, or cause their respective Affiliates to
take, such other action, as may be reasonably necessary to carry out the purposes and intents of
this Agreement (including without limitation Seller requesting Seller&#146;s Cayman counsel and Chilean
counsel to provide Purchaser the accounting, tax, corporate and commercial books and records of the
Companies and CMS-Inversiones). Purchaser, the Note Holders and Seller agree to use reasonable
efforts to refrain from taking any action which could reasonably be expected to materially delay
the consummation of the Transactions.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.7 <U>Preservation of Records</U>. Purchaser acknowledges and agrees that Seller may, from
time to time, in the normal course of investigating, prosecuting and/or defending various ongoing
matters which may relate to the Companies Subsidiaries or the businesses thereof, and will continue
to have, a need (i)&nbsp;to refer to, and to use as evidence, certain books, records and other data,
including electronic data maintained in computer files, relating to the Companies Subsidiaries
and/or their businesses and (ii)&nbsp;for the support and cooperation of present or former employees of
the Companies Subsidiaries in the event that such Persons&#146; assistance or participation is needed to
aid in the defense or settlement of the such matters. Purchaser agrees that it shall, at its own
expense, preserve and keep the records held by it relating to the respective businesses of the
Companies Subsidiaries that could reasonably be required after the consummation of the transaction
contemplated in this Agreement by Seller for a period of five (5)&nbsp;years; <U>provided</U>,
<U>however</U>, that upon expiration of such period, as applicable, Purchaser 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, Purchaser 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 the Companies Subsidiaries. Seller agrees to
maintain the confidentiality of all information provided by Purchaser or the Companies Subsidiaries
hereunder.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.8 <U>Change of Name</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;Notwithstanding anything to the contrary contained herein, within sixty (60)&nbsp;Business Days
after the Closing Date, Purchaser shall have caused the Companies and all entities in which the
Companies directly or indirectly holds an interest that have &#147;CMS&#148; or any similar derivations
thereof in their name to be renamed without reference to &#147;CMS&#148; or any similar derivations thereof.
On or after the Closing Date, Purchaser and its Affiliates shall not use existing or develop new
stationery, business cards and other similar items that bear the name or mark of &#147;CMS&#148; or any
similar derivation thereof in connection with the businesses of the Company or any of the Companies
Subsidiaries.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;The Parties acknowledge that any damage caused to Seller or any of its respective
Affiliates by reason of the breach by Purchaser or any of its Affiliates of <U>Section&nbsp;5.8(a)</U>,
in each case would cause irreparable harm that could not be adequately compensated for in monetary
damages alone; therefore, each Party agrees that, in addition to any other remedies, at law or
otherwise; Seller and any of its respective Affiliates shall be entitled to an injunction issued by
a court of competent jurisdiction restraining and enjoining any violation by Purchaser or any of
its Affiliates of <U>Section&nbsp;5.8(a)</U>, and Purchaser further agrees that it (x)&nbsp;will stipulate
to the fact that Seller or any of its respective Affiliates, as applicable, have been irreparably
harmed by such violation and not oppose the granting of such injunctive relief and (y)&nbsp;waive any
requirement that Seller post any bond or similar requirement in order for Seller to obtain the
injunctive relief contemplated by this <U>Section&nbsp;5.8(b)</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.9 <U>Resignations of Certain Officers and Directors</U>. Upon the written request of
Purchaser, the Seller shall cause, to the extent allowed by its voting power or any applicable
organizational document, the resignations or removals at the Closing Date of the officers and
directors and other persons set forth on <U>Schedule&nbsp;5.9</U> from their position as officer or
director, or other management or employment position, of the Companies, the Companies Subsidiaries
or CMS-Inversiones set forth opposite the name of such officer, director or person on
<U>Schedule&nbsp;5.9</U> of the Seller Disclosure Letter.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.10 <U>Releases of Certain Guarantees</U>. Purchaser and Seller shall cooperate to procure
at or prior to the Closing the release by the applicable counterparty of any continuing obligation
of Seller or its Affiliates with respect to any guarantee as set forth on <U>Schedule&nbsp;5.10</U>
(&#147;<U>Guarantees</U>&#148;); <U>provided</U> that to the extent a release shall not have been obtained
at the time of Closing with respect to any such Guarantee, Purchaser shall provide an indemnity (in
form and substance satisfactory to Seller) to secure the obligations of Seller or its Affiliates
with respect to each such Guarantee; <U>provided</U>, <U>further</U>, that any such indemnity
with Seller, as beneficiary, shall remain in full force and effect for the same period from and
after the Closing as any such corresponding Guarantee shall remain in place.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.11 <U>Share Transfer</U>. Seller shall cause CMS-Cayman to transfer its 1% ownership
interest in CMS-Inversiones to CMS-Generation prior to the Closing Date.


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">6.1 <U>Conditions to the Obligations of the Parties</U>. The obligations of the Parties to
effect the Closing shall be subject to the satisfaction or waiver (to the extent permitted by Law)
by Purchaser and Seller, or the Note Holders as applicable, on or prior to the Closing Date, of the
following conditions precedent:


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;<U>No Injunction</U>. Except for the Antitrust Approval and the ENERGAS Approval, no
statute, rule or regulation shall have been enacted or promulgated by any Governmental Entity which
prohibits the consummation of the transactions contemplated hereby and there shall be no order or
injunction of a court of competent jurisdiction in effect precluding or prohibiting the
consummation of the transactions contemplated hereby; <U>provided</U>, <U>however</U>, that
should any such order or injunction be entered into or in effect, the Parties shall use reasonable
efforts to have any order or injunction vacated or lifted.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;<U>Right of First Offer</U>. Seller shall have received a waiver from Endesa of the
right of first offer set forth in the Consortium Agreement, or the waiting period with respect to
the right of first offer thereunder shall have expired without exercise of such right by Endesa.


<P align="left" style="font-size: 12pt; text-indent: 8%">6.2 <U>Conditions to the Obligation of Purchaser</U>. The obligations of Purchaser to effect
the Closing shall be subject to the satisfaction or waiver by Purchaser on or prior to the Closing
Date of each of the following conditions:


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;<U>Performance of Obligations of Seller and the Note Holders</U>. Each of Seller and the
Note Holders shall have performed in all material respects its respective agreements and covenants
contained in or contemplated by this Agreement which are required to be performed by them at or
prior to the Closing.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;<U>Representations and Warranties</U>. The respective representations and warranties of
Seller and the Note Holders set forth in this Agreement shall be true and correct (i)&nbsp;on and as of
the date hereof and (ii)&nbsp;on and as of the Closing Date with the same effect as though such
representations and warranties had been made on and as of the Closing Date (except for
representations and warranties that expressly speak only as of a specific date or time which need
only be true and correct as of such date or time) except in each of cases (i)&nbsp;and (ii)&nbsp;for such
failures of representations and warranties to be true and correct (without giving effect to any
materiality qualification or standard contained in any such representations and warranties) that
would not reasonably be expected to have, individually or in the aggregate, a Seller Material
Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;<U>Officer&#146;s Certificate</U>. Purchaser shall have received a certificate from an
authorized officer of Seller and one certificate from an authorized officer of each Note Holder
other than the Seller, dated as of the Closing Date, to the effect that, to each of such officers&#146;
knowledge, the conditions set forth in <U>Sections&nbsp;6.2(a)</U> and <U>6.2(b)</U> have been
satisfied.


<P align="left" style="font-size: 12pt; text-indent: 12%">(d)&nbsp;<U>Closing Deliverables</U>. Purchaser shall have received all documents and other items
required to be delivered by Seller and the Note Holders to Purchaser pursuant to <U>Section
1.6</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">6.3 <U>Conditions to the Obligation of Seller</U>. The obligation of Seller and the Note
Holders to effect the Closing shall be subject to the satisfaction or waiver by Seller, or the Note
Holders as applicable, on or prior to the Closing Date of each of the following conditions:


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;<U>Performance of Obligations of Purchaser</U>. Purchaser shall have performed in all
material respects its respective agreements and covenants contained in or contemplated by this
Agreement which are required to be performed by it at or prior to the Closing.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;<U>Representations and Warranties</U>. The representations and warranties of Purchaser
set forth in this Agreement shall be true and correct (i)&nbsp;on and as of the date hereof and (ii)&nbsp;on
and as of the Closing Date with the same effect as though such representations and warranties had
been made on and as of the Closing Date (except for representations and warranties that expressly
speak only as of a specific date or time which need only be true and correct as of such date or
time) except in each of cases (i)&nbsp;and (ii)&nbsp;for such failures of representations and warranties to
be true and correct (without giving effect to any materiality qualification or standard contained
in any such representations and warranties) that would not reasonably be expected to have,
individually or in the aggregate, a Purchaser Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;&#091;Intentionally omitted.&#093;


<P align="left" style="font-size: 12pt; text-indent: 12%">(d)&nbsp;<U>Officer&#146;s Certificate</U>. Seller shall have received a certificate from an
authorized officer of Purchaser, dated as of the Closing Date, to the effect that, to the best of
such officer&#146;s knowledge, as applicable, the conditions set forth in <U>Sections&nbsp;6.3(a)</U> and
<U>6.3(b)</U> have been satisfied.


<P align="left" style="font-size: 12pt; text-indent: 12%">(e)&nbsp;<U>Acceptance of the Consortium Agreement.</U> Seller shall have received from the
Purchaser a written agreement pursuant to which the Purchaser accepts the terms and conditions of
the Consortium Agreement, consistent with the requirements of the Consortium Agreement.


<P align="left" style="font-size: 12pt; text-indent: 12%">(f)&nbsp;<U>Releases of Certain Guarantees</U>. The releases by the applicable counterparty of
any continuing obligation of Seller or any of its Affiliates with respect to each Guarantee shall
have been obtained in accordance with <U>Section&nbsp;5.10</U>; <U>provided</U> that to the extent a
release shall not have been obtained at Closing with any such Guarantee, Seller shall have received
an indemnity (in form and substance satisfactory to Seller) to secure the obligations of Seller or
its Affiliates with respect to each such Guarantee; provided, further, that any such indemnity with
Seller, as beneficiary, shall remain in full force and effect for the same period from and after
the Closing as any such corresponding Guarantee shall remain in place.


<P align="left" style="font-size: 12pt; text-indent: 12%">(g)&nbsp;<U>Closing Deliverables</U>. Seller shall have received all documents and other items
required to be delivered by Purchaser to Seller pursuant to <U>Section&nbsp;1.6</U>.


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">7.1 <U>Termination</U>. This Agreement may be terminated at any time prior to the Closing
Date:


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;by the mutual written agreement of Purchaser, the Note Holders and Seller;


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;by Purchaser or Seller, if (i)&nbsp;a statute, rule, regulation or executive order shall have
been enacted, entered or promulgated prohibiting the consummation of the transactions contemplated
hereby or (ii)&nbsp;an order, decree, ruling or injunction shall have been entered permanently
restraining, enjoining or otherwise prohibiting the consummation of the transactions contemplated
hereby, and such order, decree, ruling or injunction shall have become final and non-appealable and
the party seeking to terminate this Agreement pursuant to this <U>Section&nbsp;7.1(b)(ii)</U> shall
have used reasonable efforts to remove such order, decree, ruling or injunction;


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;by Purchaser, by written notice to Seller, if the Closing Date shall not have occurred on
or before such date that is sixty (60)&nbsp;days following the date hereof (the &#147;<U>Outside Date</U>&#148;)
<U>provided</U>, that the right to terminate this Agreement under this <U>Section&nbsp;7.1(c)</U>
shall not be available to Purchaser if its failure to fulfill any obligation under this Agreement
shall have caused or resulted in the failure of the Closing Date to occur on or before such
Extended Outside Date;


<P align="left" style="font-size: 12pt; text-indent: 12%">(d)&nbsp;by Seller, by written notice to Purchaser, if the Closing Date shall not have occurred on
or before the Outside Date <U>provided</U>, that the right to terminate this Agreement under this
<U>Section&nbsp;7.1(d)</U> shall not be available to Seller if it has failed to fulfill any obligation
of Seller or the Note Holders under this Agreement and such failure shall have caused or resulted
in the failure of the Closing Date to occur on or before such date;


<P align="left" style="font-size: 12pt; text-indent: 12%">(e)&nbsp;by Purchaser, so long as Purchaser is not then in material breach of any of its
representations, warranties, covenants or agreements hereunder, by written notice to Seller, if
there shall have been a material breach of any representation or warranty of Seller or the Note
Holders, or a material breach of any covenant or agreement of Seller or the Note Holders hereunder,
which breaches would be reasonably expected to have, individually or in the aggregate, a Seller
Material Adverse Effect, and such breach shall not have been remedied within thirty (30)&nbsp;days after
receipt by Seller or the Note Holders, as applicable, of notice in writing from Purchaser (a
&#147;<U>Breach Notice</U>&#148;), specifying the nature of such breach and requesting that it be remedied
or Purchaser shall not have received adequate assurance of a cure of such breach within such
thirty-day period;


<P align="left" style="font-size: 12pt; text-indent: 12%">(f)&nbsp;by Seller, so long as Seller or the Note Holders are not then in material breach of any of
their representations, warranties, covenants or agreements hereunder, by written notice to
Purchaser, if there shall have been a material breach of any representation or warranty, or a
material breach of any covenant or agreement of Purchaser hereunder, which breaches would
reasonably be expected to have, individually or in the aggregate, a Purchaser Material Adverse
Effect, and such breach shall not have been remedied within thirty (30)&nbsp;days after receipt by
Purchaser of notice in writing from Seller, specifying the nature of such breach and requesting
that it be remedied or Seller shall not have received adequate assurance of a cure of such breach
within such thirty-day period; or


<P align="left" style="font-size: 12pt; text-indent: 12%">(g)&nbsp;in the event that Endesa exercises its right of first offer under the Consortium
Agreement, upon the effectiveness of such exercise.


<P align="left" style="font-size: 12pt; text-indent: 8%">7.2 <U>Effect of Termination</U>. No termination of this Agreement pursuant to <U>Section
7.1</U> shall be effective until notice thereof is given to the non-terminating Parties specifying
the provision hereof pursuant to which such termination is made. Subject to <U>Section&nbsp;1.7</U>,
if validly terminated pursuant to <U>Section&nbsp;7.1</U>, this Agreement shall, subject to <U>Section
8.1</U>, become wholly void and of no further force and effect without liability to any Party or to
any Affiliate, or its respective members or shareholders, directors, officers, employees, agents,
advisors or representatives, and following such termination no Party shall have any liability under
this Agreement or relating to the transactions contemplated by this Agreement to any other Party;
<U>provided</U> that no such termination shall (i)&nbsp;relieve the Parties from liability for fraud or
any willful or intentional breach of any provision of this Agreement prior to such termination or
(ii)&nbsp;relieve Purchaser from any liability for any breach of Purchaser&#146;s representations or
warranties contained in <U>Section&nbsp;4.3</U> (whether or not such breach is fraudulent, willful or
intentional). If this Agreement is terminated as provided in <U>Section&nbsp;7.1</U>, Purchaser shall
redeliver to Seller or the Note Holders, as the case may be, and shall cause its agents to
redeliver to Seller or the Note Holders, as the case may be, all documents, workpapers and other
materials of Seller, the Companies and the Companies Subsidiaries and the Note Holders relating to
any of them and the transactions contemplated hereby, whether obtained before or after the
execution hereof, and Purchaser shall comply with all of its obligations under the Confidentiality
Agreement.


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



<P align="center" style="font-size: 12pt"><B>LIMITS OF LIABILITY; PARENT GUARANTEE</B>



<P align="left" style="font-size: 12pt; text-indent: 8%">8.1 <U>Non-Survival of Representations, Warranties, Covenants and Agreements</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;Except as expressly provided in <U>Section&nbsp;8.1(b)</U>, none of the representations,
warranties, covenants or agreements of Purchaser, the Note Holders or Seller in this Agreement
shall survive the Closing, and no claim of any sort or on any basis may be made by any Party in
respect of any breach of any such representation, warranty, covenant or agreement after the
Closing, and no breach thereof shall confer any right of rescission of this Agreement. Except in
respect of the representations, warranties, covenants and agreements referred to in <U>Section
8.1(b)</U> that survive the Closing and except as otherwise provided for in this Agreement, the
sole remedy that a Party may have for a breach of any representation, warranty, covenant or
agreement of Purchaser, the Note Holders or Seller in this Agreement shall be to terminate this
Agreement to the extent provided for under, and in accordance with the terms of, this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;The representations, warranties, covenants or agreements of Purchaser, Note Holders or
Seller in this Agreement shall survive as follows:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 11%">(i)&nbsp;the representations and warranties of Seller contained in <U>Sections&nbsp;2.1.2</U>
(<I>Title to Shares</I>) and <U>2.1.3(a)</U> (<I>Authority</I>) shall survive for one year from the
Closing Date;



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 11%">(ii)&nbsp;the representations and warranties of the Note Holders contained in
<U>Sections&nbsp;2.2.2</U> (<I>Title to Notes</I>) and <U>2.2.3(a)</U> (<I>Authority</I>) shall survive for
six months from the Closing Date;



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 11%">(iii)&nbsp;the representations and warranties of Purchaser contained in <U>Section
4.2(a)</U> (<I>Authority</I>) shall survive for one year from the Closing Date;



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 11%">(iv)&nbsp;the representations and warranties of Purchaser contained in <U>Sections&nbsp;4.4</U>
(<I>Investment Intention; Sufficient Investment Experience; Independent Investigation;
Financial Distress</I>) and <U>4.6</U> (<I>No Knowledge of Seller or Note Holders Breach</I>) shall
survive indefinitely; and



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 11%">(v)&nbsp;the covenants and agreements of the Parties contained in <U>Sections&nbsp;5.1</U>
(<I>Notification to the CNDC and ENARGAS; Negative Antitrust and ENARGAS Decision; Transfer of
Shares to a Third Purchaser</I>), <U>5.4</U> (<I>Fees and Expenses</I>), <U>5.6</U> (<I>Further
Assurances</I>), <U>5.7</U> (<I>Preservation of Records</I>), <U>5.8</U> (<I>Change of Name</I>),
<U>5.10</U> (<I>Release of Certain Guarantee</I>) and <U>7.2</U> (<I>Effect of Termination</I>),
<U>Article&nbsp;VIII</U> (<I>Limits of Liability</I>) and <U>Article&nbsp;X</U> (<I>General Provisions</I>) shall
survive indefinitely.


<P align="left" style="font-size: 12pt">No claim or cause of action arising out of the inaccuracy or breach of any representation,
warranty, covenant or agreement of Seller, the Note Holders or Purchaser may be made following the
termination of the applicable survival period referred to in this <U>Section&nbsp;8.1(b)</U>. The
Parties intend to shorten any statutory limitations applicable to the assertion of claims with
respect to this Agreement, and agree that, after the Closing Date, with respect to Seller, the Note
Holders and Purchaser, any claim or cause of action against any of the Parties, or any of their
respective directors, officers, employees, Affiliates, successors, permitted assigns, advisors,
agents, or representatives based upon, directly or indirectly, any of the representations,
warranties, covenants or agreements contained in this Agreement, or any other written agreement,
document or instrument to be executed and delivered in connection with this Agreement, may be
brought only as expressly provided in this <U>Article&nbsp;VIII</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;The liability of any Party in respect of which a notice of claim is given under this
Agreement shall be (if such claim has not been previously satisfied, settled or withdrawn)
absolutely determined and any claim made therein be deemed to have been withdrawn (and no new claim
may be made in respect of the facts, event, matter or circumstance giving rise to such withdrawn
claim) unless an action in respect of such claim in accordance with the terms contained herein
shall have been commenced within six (6)&nbsp;months of the date of service of such notice (or such
other period as may be agreed by the relevant Parties) and for this purpose actions shall not be
deemed to have commenced unless they shall have been properly issued and validly served upon the
relevant Party.


<P align="left" style="font-size: 12pt; text-indent: 8%">8.2 <U>Parent Guarantee</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;For value received, Parent hereby fully, unconditionally and irrevocably guarantees to
Seller (the &#147;<U>Parent Guarantee</U>&#148;) (x)&nbsp;the prompt and punctual payment of any amount Purchaser
is required to pay under this Agreement, when and as the same shall become due and payable, subject
as to such payment obligations to the terms and conditions of this Agreement, including, without
limitation, the payment of the Purchase Price as provided by Section&nbsp;1.6, and (y)&nbsp;the prompt and
full performance when due by Purchaser of its obligations up to and through Closing under this
Agreement. Parent&#146;s guarantee obligations include the principal, interest, fines, fees, costs and
other amounts that may be due and payable by Purchaser under this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;The Parent Guarantee is a first demand guarantee and shall constitute an autonomous and
independent obligation of Parent not being ancillary to the obligations of Purchaser under this
Agreement. Parent hereby agrees to cause any such payment or performance to be made as if such
payment or payment were made by Purchaser.


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;Parent hereby waives diligence, presentment, demand of payment, filing of claims with a
court in the event of a merger or bankruptcy of Purchaser, any right to require a proceeding first
against Purchaser, protest or notice with respect to any amount payable by Purchaser under this
Agreement and all demands whatsoever, and covenants that the Parent Guarantee will not be
discharged except by (i)&nbsp;termination of this Agreement according to its terms, (ii)&nbsp;payment in full
of all amounts due and payable under this Agreement, (iii)&nbsp;performance in full of all obligations
due under this Agreement and (iv)&nbsp;payment of any Damages.


<P align="left" style="font-size: 12pt; text-indent: 12%">(d)&nbsp;The applicability of the Parent Guarantee shall not be affected or impaired by any of the
following: (i)&nbsp;any extension of time, forbearance or concession given to Purchaser; (ii)&nbsp;any
assertion of, or failure to assert, or delay in asserting, any right, power or remedy against
Purchaser; (iii)&nbsp;any amendment of the provisions of this Agreement; (iv)&nbsp;any failure of Purchaser
to comply with any requirement of any Law; (v)&nbsp;the dissolution, liquidation, reorganization or any
other alteration of the legal structure of Purchaser; (vi)&nbsp;any invalidity or unenforceability of
any provision of this Agreement; or (vii)&nbsp;any other circumstance (other than complete payment by
Purchaser or Parent) which might otherwise constitute a legal or equitable discharge or defense of
a surety or a guarantor.


<P align="left" style="font-size: 12pt; text-indent: 12%">(e)&nbsp;Parent shall be subrogated to all rights of Purchaser against Seller based on and to the
extent of any amounts paid to Seller by Parent pursuant to the provisions of the Parent Guarantee.


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">9.1 <U>Defined Terms</U>. The following terms are defined in the corresponding Sections of
this Agreement:

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Defined Term</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Section Reference</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Agreement</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Preamble</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Arbitration Expenses</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Section 10.9</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Breach Notice</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Section 7.1(e)</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Closing</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Section 1.5</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Closing Date</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Section 1.5</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">CMS-Capital
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">CMS-Cayman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">CMS-Gas
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">CMS-Generation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">CMS-Inversiones
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">Claim
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;5.1(e)(i)</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">&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">Company/Companies
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">Companies Subsidiaries Financial Statements
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.2</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">&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">Dispute
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;10.9</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">&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">Governing Company
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">Guarantees
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;5.10</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">&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">Holding Company
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">ICC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;10.9</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">&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">Note/Notes
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">Note Holders Disclosure Letter
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;2.2</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">&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">Note Holder Required Approvals
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;2.2.3(c)</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">&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">Note Holders
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Notes Transaction
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.3</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">&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">Operating Company Notes
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.6</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">&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">Outside Date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;7.1(c)</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">&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">Panel
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;10.9</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">&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">Parent
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Party/Parties
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Prior Agreement
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">Purchase Agreement Fee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.7</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">&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">Purchase Price
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.4</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">&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">Purchaser
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Rules
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;10.9</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">&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">Seller
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Seller Disclosure Letter
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;2.1</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">&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">Seller Required Approvals
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;2.1.3(c)</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">&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">Seller Termination Date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;7.1(d)</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">&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">Shares
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">Shares Transaction
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.1</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">&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">Transactions
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.3</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">&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">Violation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;2.1.3(b)</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>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt; text-indent: 8%">9.2 <U>Definitions</U>. Except as otherwise expressly provided in this Agreement, or unless
the context otherwise requires, whenever used in this Agreement, the following terms will have the
meanings indicated below:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Argentine Transaction Approvals</U>&#148; means the Antitrust Approval and the ENARGAS
Approval.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Affiliate</U>&#148; means, with respect to any Person or group of Persons, a Person
that directly or indirectly through one or more intermediaries, controls, is controlled by,
or is under common control with such Person or group of Persons.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Antitrust Approval</U>&#148; is the approval of the Transactions without undertakings
by the Republic of Argentina Secretariat of Internal Trade, or any agency or tribunal that
may replace it in the future or that may be declared by a <I>res judicata </I>judgment to be
empowered to issue a final decision on the Transactions, approving the same under the
Antitrust Law.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%"><U>&#147;Antitrust Law</U>&#148; as regards the Republic of Argentina means Law No.&nbsp;25,156 (as
amended), Decree No.&nbsp;89/2001, Resolution No.&nbsp;40/2001 of the former Secretariat of
Competition and Consumer Defense, Resolution No.&nbsp;164/2001 of the former Secretariat of
Competition, Deregulation and Consumer Defense, Resolution No.&nbsp;26/2006 of the former
Secretariat of Technical Coordination and any other law or regulation, administrative
resolution and judicial decision addressing competition issues, including but not limited to
the competition clearance of mergers, acquisitions or other business combinations.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Business Day</U>&#148; means a day other than a Saturday, a Sunday or any other day on
which banks are not required to be open or are authorized to close in New York, New York.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Chilean GAAP</U>&#148; means generally accepted accounting principles in Chile, as in
effect from time to time.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>CNDC</U>&#148; shall mean the Argentine Comisi&#243;n Nacional de Defensa de la Competencia.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Companies Material Adverse Effect</U>&#148; means any material adverse effect on the
business properties, financial condition or results of operations of any of the Companies
Subsidiaries; <U>provided</U>, <U>however</U>, that the term &#147;<U>Companies Material
Adverse Effect</U>&#148; shall not include effects that result from or are consequences of
(i)&nbsp;the current and prospective financial position of the Companies Subsidiaries, or the
insolvency or bankruptcy of any of the Companies Subsidiaries, or the other matters
contemplated by Section&nbsp;4.4 of this Agreement, (ii)&nbsp;changes in financial, securities or
currency markets, changes in prevailing interest rates or foreign exchange rates, changes in
general economic conditions, changes in electricity, gas or other fuel supply and
transmission and transportation markets, including changes to market prices for electricity,
steam, natural gas or other commodities, or effects of weather or meteorological events,
(iii)&nbsp;changes in Law, rule or regulation of, or the effect of any actions taken by, any
Governmental Entity in Chile, Argentina or any other state or municipality in which any of
the Companies Subsidiaries operates, (iv)&nbsp;events or changes that are consequences of
hostility, terrorist activity, acts of war or acts of public enemies, (v)&nbsp;changes in
accounting standards, principles or interpretations, (vi)&nbsp;any delay in the receipt of, or
the failure to receive, the Argentine Transaction Approvals, (vii)&nbsp;breach of agreement, or
failure to perform by any third party under a contract with any of the Companies
Subsidiaries or (viii)&nbsp;actions taken or not taken solely at the request of Purchaser.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Companies Subsidiaries</U>&#148; means, collectively, the Governing Company, the
Holding Company and the Operating Companies.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Companies Subsidiary</U>&#148; means, individually, each of the Governing Company, the
Holding Company and each of the Operating Companies.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Confidentiality Agreement</U>&#148; means the Confidentiality Agreement, dated February
22, 2007, between AEI Global Services Ltd., an Affiliate of Purchaser, and J.P. Morgan
Securities Inc., on behalf of an Affiliate of Seller.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Consent</U>&#148; means any consent, approval, authorization, order, filing,
registration or qualification of, by or with any Person.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Consortium Agreement</U>&#148; means the agreement dated as of May&nbsp;19, 1997, by and
between CMS Enterprises Company, a corporation organized and existing under the laws of the
State of Michigan and Empresa Nacional de Electricidad S.A., a corporation organized and
existing under the laws of the Republic of Chile, as amended from time to time.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Control</U>&#148; (including the terms &#147;controlled by&#148; and &#147;under common control with&#148;)
means the possession, directly or indirectly, of the power to direct or cause the direction
of the management policies of a Person, whether through the ownership of voting securities
or other Equity Interests, by contract or credit arrangement, as trustee or executor, or
otherwise. Solely for the purpose of the preceding sentence, a company is &#147;directly
controlled&#148; by another company or companies holding shares carrying the majority of votes
exercisable at a general meeting (or its equivalent) of the first mentioned company; and a
particular company is &#147;indirectly controlled&#148; by a company or companies (hereinafter called
the &#147;parent company or companies&#148;) if a series of companies can be specified, beginning with
the parent company or companies and ending with the particular company, so related that each
company of the series except the parent company or companies is directly controlled by one
or more of the preceding companies in the series.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Damages</U>&#148; means Liabilities, demands, claims, suits, actions, or causes of
action, losses, costs, expenses, damages and judgments, whether or not resulting from third
party claims (including reasonable fees and expenses of attorneys and accountants).



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>ENARGAS Approval</U>&#148; is the approval of the Transactions without undertakings by
the Argentine Ente Nacional Regulador del Gas (ENARGAS), or any agency or tribunal that may
replace it in the future or that may be declared by a <I>res judicata </I>judgment to be empowered
to issue a final decision on the Transactions, approving the same under the Gas Law.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Endesa</U>&#148; means Empresa Nacional de Electricidad S.A., a corporation organized
and existing under the laws of the Republic of Chile.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Equity Interests</U>&#148; means shares of capital stock or other equity interests of
any Person, as the case may be.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Gas Law</U>&#148; as regards the Republic of Argentina means Law No.&nbsp;24,076 (as
amended), Decree No.&nbsp;1738/1992, Resolution ENARGAS N&#176; 1976/2000 and any other law or
regulation, administrative resolution and judicial decision addressing gas issues in
relation to the Companies.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Governmental Entity</U>&#148; means any federal, state, municipal or local governmental
or quasi-governmental or regulatory authority, agency, court, commission or other similar
entity in the United States or any non-U.S. jurisdiction.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Governmental Order</U>&#148; means any order, decree, ruling, injunction, judgment or
similar act of or by any Governmental Entity.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Knowledge</U>&#148; when used (i)&nbsp;with respect to Purchaser means the actual knowledge
of any fact, circumstance or condition of those officers of Purchaser or its Affiliates set
forth on <U>Schedule&nbsp;9.2(a)</U> and to the extent set forth on <U>Schedule&nbsp;9.2(a)</U>; and
(ii)&nbsp;with respect to Seller, means the actual knowledge (without any obligation of inquiry
or investigation) of any fact, circumstance or condition of those employees of Seller or its
Affiliates set forth on <U>Schedule&nbsp;9.2(b)</U>, and to the extent set forth on
<U>Schedule&nbsp;9.2(b)</U>.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Law</U>&#148; means any law, statute, ordinance, regulation or rule of or by any
Governmental Entity or any arbitrator.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Liabilities</U>&#148; means any and all known liabilities or indebtedness of any nature
(whether direct or indirect, absolute or contingent, liquidated or unliquidated, due or to
become due, accrued or unaccrued, matured or unmatured, asserted or unasserted, determined
or determinable and whenever or however arising).



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>LIBOR</U>&#148; shall mean the one-month London interbank offered rate for deposits in
the applicable currency as published by the British Bankers Association from time to time.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Lien</U>&#148; means any lien, security interest, encumbrance or similar adverse claim.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Negative Antitrust Decision</U>&#148; shall mean a resolution by the Republic of
Argentina Secretariat of Internal Trade, or any agency or tribunal that may replace it in
the future or that may be declared by a <I>res judicata </I>judgment to be empowered to issue a
final decision on the Transactions, either prohibiting the Shares Transaction and/or Notes
Transaction or conditioning it and/or them to the fulfilment of any unduly burdensome
undertakings, in each case, exclusively based on the Antitrust Law.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Negative ENARGAS Decision&#148; </U>shall mean a resolution by the ENARGAS, or any
agency or tribunal that may replace it in the future or that may be declared by a <I>res
judicata </I>judgment to be empowered to issue a final decision on the Transactions, either
prohibiting the Shares Transaction and/or Notes Transaction or conditioning it and/or them
to the fulfilment of any unduly burdensome undertakings, in each case, exclusively based on
the Gas Law.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Operating Companies</U>&#148; means, collectively, GasAtacama Generaci&#243;n S.A.,
Gasoducto Atacama Chile S.A., Gasoducto Atacama Argentina S.A., Progas S.A., Gasoducto
Taltal S.A., Gasoducto Atacama Argentina S.A. (Sucursal Argentina), Atacama Finance Co.
(Cayman Is.) and Energex Co. (Cayman Is.).



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Organizational Documents</U>&#148; means, with respect to any corporation, its articles
or certificate of incorporation, memorandum or articles of association and by-laws or
documents of similar substance; with respect to any limited liability company, its articles
or certificate of organization, formation or association and its operating agreement or
limited liability company agreement or documents of similar substance; with respect to any
limited partnership, its certificate of limited partnership and partnership agreement or
documents of similar substance; and with respect to any other entity, documents of similar
substance to any of the foregoing.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Permits</U>&#148; means all permits, licenses, franchises, registrations, variances,
authorizations, Consents, orders, certificates and approvals obtained from or otherwise made
available by any Governmental Entity or pursuant to any Law.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Person</U>&#148; means any natural person, firm, partnership, association, corporation,
company, joint venture, trust, business trust, Governmental Entity or other entity.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Purchaser Material Adverse Effect</U>&#148; means any material adverse effect on (a)
the business, assets, financial condition or results of operations of Purchaser and its
Subsidiaries taken as a whole or (b)&nbsp;the ability of Purchaser to timely consummate the
transactions contemplated by this Agreement or perform its respective obligations hereunder.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Seller Material Adverse Effect</U>&#148; means any material adverse effect on the
ability of Seller or any of the Note Holders to consummate the Transactions contemplated by
this Agreement or perform its obligations hereunder.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Specified Rate</U>&#148; means the per annum rate of interest published as the &#147;Prime
Rate&#148; in <I>The Wall Street Journal </I>determined as of the date the obligation to pay interest
arises.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Subsidiary</U>&#148; means, with respect to any Person (for the purposes of this
definition, the &#147;parent&#148;), any other Person (other than a natural person), whether
incorporated or unincorporated, of which at least a majority of the securities or ownership
interests having by their terms ordinary voting power to elect a majority of the board of
directors or other persons performing similar functions is directly or indirectly owned or
controlled by the parent or by one or more of its Subsidiaries or by the parent and any one
or more of its Subsidiaries.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Tax</U>&#148; or &#147;<U>Taxes</U>&#148; means federal, state, local or foreign income, gross
receipts, property, sales, use, license, excise, environmental, stamp, franchise,
employment, payroll, withholding, alternative or add-on minimum, ad&nbsp;valorem, value added,
transfer or excise tax, or any other tax, custom, duty, governmental fee or other like
assessment or charge of any kind whatsoever, together with any interest or penalty, imposed
by any Governmental Entity.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Tax Returns</U>&#148; means all tax returns, declarations, statements, reports,
schedules, forms and information returns and any amendments to any of the foregoing relating
to Taxes.


<P align="left" style="font-size: 12pt; text-indent: 8%">9.3 <U>Interpretation</U>. In this Agreement, unless otherwise specified, the following
rules of interpretation apply:


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;the section and other headings contained in this Agreement are for reference purposes only
and do not affect the meaning or interpretation of this Agreement;


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;words importing the singular include the plural and vice versa;


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;references to the word &#147;<U>including</U>&#148; do not imply any limitation;


<P align="left" style="font-size: 12pt; text-indent: 12%">(d)&nbsp;the words &#147;<U>hereof</U>&#148;, &#147;<U>herein</U>&#148; and &#147;<U>hereunder</U>&#148; and words of similar
import, when used in this Agreement, refer to this Agreement as a whole and not to any particular
provision of this Agreement;


<P align="left" style="font-size: 12pt; text-indent: 12%">(e)&nbsp;all accounting terms not otherwise defined herein have the meanings assigned thereto under
Chilean GAAP; and


<P align="left" style="font-size: 12pt; text-indent: 12%">(f)&nbsp;references to &#147;<U>US$</U>&#148; refer to U.S. dollars.


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">10.1 <U>Notices</U>. All notices, requests, demands, waivers and other communications
required or permitted to be given under this Agreement shall be in writing and shall be deemed to
have been duly given on if (a)&nbsp;delivered personally, (b)&nbsp;mailed by certified or registered mail
with postage prepaid, (c)&nbsp;sent by next-day or overnight mail or delivery, or (d)&nbsp;sent by fax or
telegram, as follows:


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;if to Purchaser,



<P align="left" style="margin-left:15%; font-size: 12pt">AEI Chile Holdings Ltd.
<BR>
1221 Lamar, Suite&nbsp;800
<BR>
Houston TX 77010
<BR>
Fax: 713.345.5352
<BR>
Attention: Miguel Mendoza



<P align="left" style="margin-left:15%; font-size: 12pt">with a copy to:



<P align="left" style="margin-left:15%; font-size: 12pt">Ashmore Energy International
<BR>
1221 Lamar, Suite&nbsp;800
<BR>
Houston TX 77010
<BR>
Fax: 713.345.5352
<BR>
Attention: General Counsel


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;if to Seller or any Note Holder,


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">CMS International Ventures L.L.C.


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">One Energy Plaza


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Jackson, MI 49201


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: 517-788-0121


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: General Counsel


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">with a copy to:


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">CMS Energy


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">One Energy Plaza


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Jackson, MI 49201


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: 517-788-0121


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: General Counsel


<P align="left" style="font-size: 12pt">or, in each case, at such other address as may be specified in writing to the other Parties.


<P align="left" style="font-size: 12pt; text-indent: 4%">All such notices, requests, demands, waivers and other communications shall be deemed to have
been received, if by personal delivery, certified or registered mail or next-day or overnight mail
or delivery, on the day delivered or, if by fax or telegram, on the next Business Day following the
day on which such fax or telegram was sent, provided that a copy is also sent by certified or
registered mail. For the purposes of this <U>Section&nbsp;10.1</U>, notice to a Company shall not
constitute notice to Seller, and vice versa, and notice to a Note Holder shall not constitute
notice to any other Note Holder or to the Company, and vice versa.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.2 <U>Binding Effect</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;This Agreement amends, restates and supersedes the Prior Agreement in its entirety


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;This Agreement shall be binding upon and inure to the benefit of the Parties and their
respective heirs, successors and permitted assigns; provided, however, that notwithstanding any
other provision contained in this Agreement to the contrary (other than this proviso), the Parties
acknowledge and agree that this Agreement shall be binding, in full force and effect, and
enforceable against any Party and its respective heirs, successors and permitted assigns only on
the condition that the execution and delivery of this Agreement by Sellers and the Note Holders,
and the performance of their respective obligations hereunder, have been approved by the board of
directors of CMS Energy Corporation, and if such approval by the board of directors of CMS Energy
Corporation has not occurred on or before June&nbsp;4, 2007, this Agreement shall be null and void and
be of no further force or effect to and enforceable whatsoever against any Party hereto.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.3 <U>Assignment; Successors; Third-Party Beneficiaries</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;This Agreement is not assignable by any Party without the prior written consent of all of
the other Parties and any attempt to assign this Agreement without such consent shall be void and
of no effect.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;This Agreement shall inure to the benefit of, and be binding on and enforceable by and
against, the successors and permitted assigns of the respective Parties, whether or not so
expressed.


<P align="left" style="font-size: 12pt; text-indent: 12%">(c)&nbsp;This Agreement is intended for the benefit of the Parties hereto and does not grant any
rights to any third parties unless specifically stated herein.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.4 <U>Amendment; Waivers; etc</U>. No amendment, modification or discharge of this
Agreement, and no waiver under this Agreement, shall be valid or binding unless set forth in
writing and duly executed by the Party against whom enforcement of the amendment, modification,
discharge or waiver is sought. Any such waiver shall constitute a waiver only with respect to the
specific matter described in such writing and shall in no way impair the rights of the Party
granting such waiver in any other respect or at any other time. The waiver by any of the Parties
of a breach of or a default under any of the provisions of this Agreement, or any failure or delay
to exercise any right or privilege under this Agreement, shall not be construed as a waiver thereof
or otherwise affect any of such provisions, rights or privileges under this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.5 <U>Entire Agreement</U>.


<P align="left" style="font-size: 12pt; text-indent: 12%">(a)&nbsp;This Agreement (including the Exhibits and the Seller Disclosure Letter, the Note Holders
Disclosure Letter and the Purchaser Disclosure Letter referred to in or delivered under this
Agreement) and the Confidentiality Agreement contains the entire agreement between the parties
relating to the subject matter of this Agreement to the exclusion of any terms implied by Law which
may be excluded by contract and supersedes all prior agreements and understandings, both written
and oral, among the Parties with respect to their subject matters. Each Party acknowledges that it
has not been induced to enter this Agreement by and, in agreeing to enter into this Agreement, it
has not relied on, any representations and warranties except as expressly stated or referred to in
this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 12%">(b)&nbsp;The liability of a Party shall be limited or excluded as set out in this Agreement if and
to the extent such limitations or exclusions apply, except for fraud.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.6 <U>Severability</U>. Any term or provision of this Agreement that is held by a court of
competent jurisdiction or other authority to be invalid, void or unenforceable in any situation in
any jurisdiction shall not affect the validity or enforceability of the remaining terms and
provisions hereof or the validity or enforceability of the offending term or provision in any other
situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction
or other authority declares that any term or provision hereof is invalid, void or unenforceable,
the Parties agree that the court making such determination, to the greatest extent legally
permissible, shall have the power to reduce the scope, duration, area or applicability of the term
or provision, to delete specific words or phrases, or to replace any invalid, void or unenforceable
term or provision with a term or provision that is valid and enforceable and that comes closest to
expressing the intention of the invalid or unenforceable term or provision.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.7 <U>Counterparts</U>. This Agreement may be executed and delivered (including via
facsimile) in several counterparts, each of which shall be deemed an original and all of which
shall together constitute one and the same instrument.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.8 <U>Governing Law</U>. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York without giving effect to any conflicts of law principles of
such State.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.9 <U>Arbitration</U>. Any dispute, action, claim or controversy of any kind related to,
arising from or in connection with this Agreement or the relationship of the parties under this
Agreement (the &#147;<U>Dispute</U>&#148;) whether based on contract, tort, common law, equity, statute,
regulation, order or any other source of law, shall be finally settled before the International
Chamber of Commerce (&#147;<U>ICC</U>&#148;) under the Rules of Arbitration (the &#147;<U>Rules</U>&#148;) of the ICC
by three (3)&nbsp;arbitrators designated by the Parties (the &#147;<U>Panel</U>&#148;). Seller, on the one hand,
and Purchaser, on the other hand, shall each designate one arbitrator to serve on the Panel. The
third arbitrator shall be designated by the two arbitrators designated by such parties. If either
party fails to designate an arbitrator within thirty (30)&nbsp;days after the filing of the Dispute with
the ICC, such arbitrator shall be appointed in the manner prescribed by the Rules. An arbitration
proceeding hereunder shall be conducted in New York, New York, and shall be conducted in the
English language. The decision or award of the Panel shall be in writing and shall be final and
binding on the Parties. The Panel shall award the prevailing party all fees and expenses incurred
in connection with the arbitration, including, without limitation, attorneys&#146; fees and costs,
arbitration administrative fees charged by the ICC, Panel member fees and costs, and any other
costs associated with the arbitration (the &#147;<U>Arbitration Expenses</U>&#148;); <U>provided</U>,
<U>however</U>, that if the claims or defenses are granted in part and rejected in part, the Panel
shall proportionately allocate between Seller or the Note Holders, as applicable, on the one hand,
and Purchaser, on the other hand, the Arbitration Expenses in accordance with the outcomes. The
Panel may only award damages as provided for under the terms of this Agreement and in no event may
punitive, consequential and/or special damages be awarded. In the event of any conflict between
the Rules and any provision hereof, this Agreement shall govern.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.10 <U>Limitation on Damages</U>. No Party shall, under any circumstance, have any
liability to any other Party for any special, indirect, consequential or punitive damages claimed
by such other Party under the terms of or due to any breach or non-performance of this Agreement,
including lost profits, loss of revenue or income, cost of capital, or loss of business reputation
or opportunity.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.11 <U>Enforcement</U>. The Parties agree that irreparable damage would occur in the event
that any of the provisions of this Agreement were not to be performed in accordance with the terms
hereof and that the Parties shall be entitled to specific performance of the terms hereof in
addition to any other remedies at law or in equity.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.12 <U>No Right of Set-Off</U>. Purchaser, for itself and its successors and permitted
assigns, hereby unconditionally and irrevocably waives any rights of set-off, netting, offset,
recoupment, or similar rights that such Purchaser or any of its successors and permitted assigns
has or may have with respect to the payment of the Purchase Price or any other payments to be made
by Purchaser pursuant to this Agreement or any other document or instrument delivered by Purchaser
in connection herewith.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.13 <U>Several Liability</U>. Purchaser hereby acknowledges and understands that each of
the representations, warranties, covenants and agreements of Seller and each of the Note Holders
are made severally but not jointly.


<P align="center" style="font-size: 12pt">&#091;REMAINDER OF PAGE INTENTIONALLY LEFT BLANK&#093;



<P align="center" style="font-size: 10pt; display: none; text-indent: 4%">3
<!-- PAGEBREAK -->


<P align="left" style="font-size: 12pt">IN WITNESS WHEREOF, the Parties have executed this AMENDED AND RESTATED SECURITIES
PURCHASE AGREEMENT as of the date first above written.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="39%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD colspan="3" valign="top" align="left">CMS INTERNATIONAL VENTURES, L.L.C.<BR></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">&nbsp;</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">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Thomas L. Miller
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;<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">Name:<BR>
Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Thomas L. Miller<BR>
Vice President</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="-5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="-5%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">CMS CAPITAL, L.L.C.</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">By:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">/s/ Thomas J. Webb</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Name: Thomas J. Webb</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Title: President and Chief Executive</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Officer</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<!-- End Table Body -->
</TABLE>
</CENTER>


<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><FONT style="font-size: 11pt"></FONT></TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="39%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD colspan="3" valign="top" align="left"><FONT style="font-size: 12pt">CMS GAS ARGENTINA COMPANY<BR></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">&nbsp;</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">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Thomas L. Miller
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;<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">Name:<BR>
Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Thomas L. Miller<BR>
Vice President</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="-5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="-5%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="5" style="border-bottom: 1px solid #000000">CMS ENTERPRISES COMPANY</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">By:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">/s/ Thomas J. Webb</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Name: Thomas J. Webb</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<!-- End Table Body -->
</TABLE>
</CENTER>


<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>Title: Executive Vice President and Chief<BR>
Financial Officer</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD colspan="3" valign="top" align="left">AEI HOLDINGS CHILE, INC.<BR></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">&nbsp;</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">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Miguel A. Mendoza
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;<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">Name:<BR>
Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Miguel A. Mendoza<BR>
Authorized Representative</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="-5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="-5%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">

     ASHMORE ENERGY INTERNATIONAL                                         }
     By:                   /s/ Miguel A. Mendoza                          }

                           Name:                  Miguel A. Mendoza
                           Title:                 Authorized Representative
ASHMORE ENERGY INTERNATIONAL</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">By:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">/s/ Miguel A. Mendoza</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Name: Miguel A. Mendoza</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Title: Authorized Representative</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<!-- End Table Body -->
</TABLE>
</CENTER>



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


<!-- v.012306 -->
</BODY>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>exhibit3.htm
<DESCRIPTION>EX-99.3
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-99.3 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

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


<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>STOCK PURCHASE AGREEMENT</B></FONT>



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



<P align="center" style="font-size: 12pt"><B>HYDRA-CO ENTERPRISES, INC.</B>



<P align="center" style="font-size: 12pt"><B>HCO-JAMAICA, INC.</B>



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



<P align="center" style="font-size: 12pt"><B>AEI CENTRAL AMERICA LTD.</B>



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



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



<P align="center" style="font-size: 12pt"><B>(solely for the limited purposes of </B><U><B>Section&nbsp;8.2</B></U><B>)</B>



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


<P align="center" style="font-size: 12pt"><B>Dated as of May&nbsp;31, 2007</B><BR>
ARTICLE I



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


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="11%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="37%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">1.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Sale and Purchase of Shares<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">1.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Purchase Price<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">1.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Closing<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">1.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Closing Deliveries<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">1.5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Purchase Agreement Fee<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">1.6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Purchase Price Adjustment<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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



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


<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">2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organization and Qualification</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">2.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title to Shares</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">2.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Authority; Non-Contravention; Statutory Approvals.</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">2.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Litigation</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">2.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Brokers and Finders</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>
<!-- End Table Body -->
</TABLE>
</DIV>


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



<P align="center" style="font-size: 12pt">REPRESENTATIONS AND WARRANTIES WITH RESPECT TO HCE-ROCKFORT AND JAMAICA SUBSIDIARIES


<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">3.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organization and Qualification; Non-Contravention; Statutory Approvals.</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">3.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Capitalization.</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">3.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financial Statements; Undisclosed Liabilities.</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">3.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Absence of Certain Changes or Events</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">3.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Tax Matters</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">3.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Litigation</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">3.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance with Laws.</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">3.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Benefits.</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">3.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Companies Permits.</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">3.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Leased Real Property.</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">3.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Contracts.</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">3.12
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Environmental Matters</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">3.13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Labor Matters.</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">3.14
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intellectual Property</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">3.15
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Affiliate Contracts</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">3.16
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Insurance</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">3.17
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Brokers and Finders</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>
<!-- End Table Body -->
</TABLE>
</DIV>


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



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


<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">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Organization and Qualification</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">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Authority; Non-Contravention; Statutory Approvals.</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">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financing</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">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Litigation</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>
<!-- End Table Body -->
</TABLE>
</DIV>


<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.5</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Investment Intention; Sufficient Investment Experience; Independent
Investigation</U></TD>
    <TD width="4%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&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">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Brokers and Finders</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">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Qualified for Permits</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">4.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Knowledge of Sellers Breach</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>
<!-- End Table Body -->
</TABLE>
</DIV>


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



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


<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="39%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="39%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Conduct of Business<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Approvals.<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.3</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Access<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Publicity<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Tax Cooperation<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Employee Matters.<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Fees and Expenses.<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.8</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Indemnification of Directors and Officers.<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.9</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Affiliate Contracts<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Further Assurances<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.11</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Supplements to Disclosure Letters<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Change of Name.<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.13</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Resignations of Certain Officers and Directors<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">5.14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Tax Indemnity<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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



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


<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>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">6.1</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Conditions to the Obligations of the Parties</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">6.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Conditions to the Obligations of Purchaser</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">6.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Conditions to the Obligations of Sellers</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>
<!-- End Table Body -->
</TABLE>
</DIV>


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



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



<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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">7.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Termination</U></TD>
    <TD width="4%" 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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">7.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Effect of Termination</U></TD>
    <TD width="4%" style="background: transparent">&nbsp;</TD>
</TR>

</TABLE>


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



<P align="center" style="font-size: 12pt">LIMITS OF LIABILITY; PARENT GUARANTEE


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">8.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Non-Survival of Representations, Warranties, Covenants and Agreements.<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">8.2</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Parent Guarantee.<BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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



<P align="center" style="font-size: 12pt">DEFINITIONS AND INTERPRETATION


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="18%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="77%">&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">9.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Defined Terms</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">9.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Definitions</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">9.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Interpretation</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>
<!-- End Table Body -->
</TABLE>
</DIV>


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



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


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&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">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Notices</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">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Binding Effect</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">10.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assignment; Successors; Third-Party Beneficiaries.</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">10.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amendment; Waivers; etc</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">10.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Entire Agreement.</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">10.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Severability</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">10.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Counterparts</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">10.8
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Governing Law</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">10.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Arbitration</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">10.10
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limitation on Damages</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">10.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Enforcement</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">10.12
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No Right of Set-Off</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>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="24%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="71%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="3"><B>EXHIBITS</B></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">Exhibit&nbsp;A
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sellers Disclosure Letter</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">Exhibit&nbsp;B
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Companies Disclosure Letter</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">Exhibit&nbsp;C
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchaser Disclosure Letter</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="center" style="font-size: 10pt; display: none">2
<!-- PAGEBREAK -->

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="3"><B>SCHEDULES TO BE INCORPORATED INTO THE DISCLOSURE LETTERS APPENDED AS EXHIBITS</B></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">Schedule&nbsp;2.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title to Shares</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">Schedule&nbsp;2.3(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sellers Required Consents</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">Schedule&nbsp;2.3(c)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sellers Required Statutory Approvals</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">Schedule&nbsp;2.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Litigation</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">Schedule&nbsp;3.1(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Companies Required Consents</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">Schedule&nbsp;3.1(c)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Companies Required Statutory Approvals</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">Schedule&nbsp;3.2(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power Company</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">Schedule&nbsp;3.2(d)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Agreements regarding Shares and Equity Interests</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">Schedule&nbsp;3.3(d)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Undisclosed Liabilities</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">Schedule&nbsp;3.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Absence of Certain Changes or Events</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">Schedule&nbsp;3.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Tax Matters</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">Schedule&nbsp;3.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Litigation</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">Schedule&nbsp;3.7(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Compliance with Laws</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">Schedule&nbsp;3.8(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Benefits</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">Schedule&nbsp;3.8(e)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Benefits</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">Schedule&nbsp;3.8(f)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Benefits</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">Schedule&nbsp;3.9(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Companies Permits</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">Schedule&nbsp;3.10(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Leased Real Property</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">Schedule&nbsp;3.11(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Contracts</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">Schedule&nbsp;3.11(b)(i)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Contracts</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">Schedule&nbsp;3.11(b)(ii)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Contracts</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">Schedule&nbsp;3.12
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Environmental Matters</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">Schedule&nbsp;3.13(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Labor Matters</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">Schedule&nbsp;3.13(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Labor Matters</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">Schedule&nbsp;3.15
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Affiliate Contracts</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">Schedule&nbsp;3.16
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Insurance</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">Schedule&nbsp;4.2(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchaser Required Consents</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">Schedule&nbsp;4.2(c)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchaser Required Statutory Approvals</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">Schedule&nbsp;4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchaser Litigation</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">Schedule&nbsp;9.2(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Sellers Knowledge Group</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">Schedule&nbsp;9.2(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Purchaser Knowledge Group</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="61%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="3"><B>SCHEDULES TO STOCK PURCHASE AGREEMENT</B></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">Schedule&nbsp;5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Conduct of Business</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">Schedule&nbsp;5.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Access</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">Schedule&nbsp;5.9
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Affiliate Contracts</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">Schedule&nbsp;5.13
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Resignations and Terminations</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">Schedule&nbsp;5.14
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Tax Indemnity</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">Schedule&nbsp;6.1(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Statutory Approvals</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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


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



<P align="left" style="font-size: 12pt; text-indent: 4%">This STOCK PURCHASE AGREEMENT (this &#147;<U>Agreement</U>&#148;), dated as of May&nbsp;31, 2007, is entered
into by and among (i)&nbsp;HYDRA-CO Enterprises, Inc., a New York corporation (&#147;<U>HCE</U>&#148;), (ii)
HCO-Jamaica, Inc., a New York corporation (&#147;<U>HCO-Jamaica</U>&#148; and, together with HCE, each a
&#147;<U>Seller</U>&#148; and collectively, &#147;<U>Sellers</U>&#148;), (iii)&nbsp;AEI Central America Ltd., an exempted
company incorporated with limited liability under the laws of the Cayman Islands and a wholly owned
subsidiary of Parent (&#147;<U>Purchaser</U>&#148;), and (iv)&nbsp;solely for the limited purposes of <U>Section
8.2</U>, Ashmore Energy International, an exempted company incorporated with limited liability
under the laws of the Cayman Islands (&#147;<U>Parent</U>&#148;). Each of Purchaser, Parent, HCE and
HCO-Jamaica are sometimes referred to individually herein as a &#147;<U>Party</U>&#148; and collectively as
the &#147;<U>Parties</U>&#148;. Certain other terms are defined throughout this Agreement and in
<U>Section&nbsp;9.2</U>.


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



<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS HCE owns all the issued and outstanding Equity Interests of HCE-Rockfort Diesel, Inc.
(the &#147;<U>HCE-Rockfort Shares</U>&#148;), a New York corporation (&#147;<U>HCE-Rockfort</U>&#148;);


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS HCE-Rockfort owns (i)&nbsp;approximately 42.3% of the Equity Interests in Jamaica Private
Power Company Limited, a Jamaica limited liability company (the &#147;<U>Power Company</U>&#148;), which
represents approximately 46.3% of the voting interest in the Power Company, and (ii)&nbsp;one (1)&nbsp;share
(the &#147;<U>HCE-Rockfort PPO Share</U>&#148;) in Private Power Operators Limited, a Jamaica limited
liability company (&#147;<U>PPO</U>&#148; and together with the Power Company, each a &#147;<U>Jamaica
Subsidiary</U>&#148; and collectively, the &#147;<U>Jamaica Subsidiaries</U>&#148;);


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS HCO-Jamaica owns one (1)&nbsp;share in PPO (the &#147;<U>HCO-Jamaica PPO Share</U>&#148;, and
together with the HCE-Rockfort PPO Share, the &#147;<U>PPO Shares</U>&#148;; and the HCO-Jamaica PPO Share
and the HCE-Rockfort Shares, the &#147;<U>Shares</U>&#148;); and


<P align="left" style="font-size: 12pt; text-indent: 4%">WHEREAS Purchaser desires to purchase from the respective Sellers, and the respective Sellers
desire to sell to Purchaser, all the Shares, upon the terms and subject to the conditions set forth
in this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 4%">NOW, THEREFORE, in consideration of the mutual promises, covenants, representations and
warranties made in this Agreement and of the mutual benefits to be derived therefrom, the Parties
agree as follows:


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">1.1 <U>Sale and Purchase of Shares</U>. Upon the terms and subject to the conditions of this
Agreement, at the Closing (as such term is defined in <U>Section&nbsp;1.3</U>), (a)&nbsp;Purchaser shall
purchase from HCE, and HCE shall sell to Purchaser, good and valid title, free and clear of any
Liens except those created by Purchaser arising out of ownership of the HCE-Rockfort Shares by
Purchaser, all the HCE-Rockfort Shares (the &#147;<U>HCE-Rockfort Transaction</U>&#148;) and (b)&nbsp;Purchaser
shall purchase from HCO-Jamaica, and HCO-Jamaica shall sell to Purchaser, good and valid title,
free and clear of any Liens except those created by Purchaser arising out of ownership of the
HCO-Jamaica PPO Share by Purchaser, the HCO-Jamaica PPO Share (the &#147;<U>PPO Transaction</U>&#148;, and
together with the HCE-Rockfort Transaction, the &#147;<U>Transactions</U>&#148;)


<P align="left" style="font-size: 12pt; text-indent: 8%">1.2 <U>Purchase Price</U>. The consideration to be paid by Purchaser in respect of the
purchase of the Shares shall be an amount in cash equal to US$14,000,000 in the legal currency of
the United States of America (the &#147;<U>Purchase Price</U>&#148;), subject to adjustment under
<U>Section&nbsp;1.6</U>, which shall be allocated to (a)&nbsp;the HCE-Rockfort Shares in an amount in cash
equal to US$12,750,000 in the legal currency of the United States of America and (b)&nbsp;the
HCO-Jamaica PPO Share in an amount in cash equal to US$1,250,000 in the legal currency of the
United States of America.


<P align="left" style="font-size: 12pt; text-indent: 8%">1.3 <U>Closing</U>. The closing of the Transactions (the &#147;<U>Closing</U>&#148;) shall take place
in New York, New York, at 10:00&nbsp;a.m., local time, as soon as practicable, but in any event not
later than the second (2<sup>nd</sup>) Business Day immediately following the date on which the
last of the conditions contained in <U>Article&nbsp;VI</U> is fulfilled or waived (except for those
conditions which by their nature can only be fulfilled at the Closing, but subject to the
fulfillment or waiver of such conditions), or at such other place, time and date (the &#147;<U>Closing
Date</U>&#148;) as the Parties may agree.


<P align="left" style="font-size: 12pt; text-indent: 8%">1.4 <U>Closing Deliveries</U>. At the Closing:


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;HCE shall deliver to Purchaser the stock certificate evidencing the HCE-Rockfort Shares,
duly endorsed in blank or accompanied by stock powers duly executed in blank.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;HCO-Jamaica shall deliver to Purchaser the stock certificate evidencing the HCO-Jamaica
PPO Share, together with the instrument of transfer duly executed in blank.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;For the Shares so delivered by Sellers, Purchaser shall pay, or cause to be paid, to HCE
or any Affiliate designated by HCE prior to the Closing, by wire transfer of immediately available
funds to the bank account or accounts outside of Jamaica designated by HCE prior to the Closing, an
amount in cash in the legal currency of the United States of America (the &#147;<U>Closing Purchase
Price</U>&#148;) that represents the Purchase Price (but after application of amounts previously
delivered to HCE pursuant to <U>Section&nbsp;1.5</U>) (x) <U>plus</U> the PP Adjustment Amount (as
such term is defined in <U>Section&nbsp;1.6(a)</U>), if a positive number, or (y) <U>minus</U> the PP
Adjustment Amount, if a negative number, in each case, as reasonably estimated by Sellers as of one
(1)&nbsp;Business Day prior to the Closing Date.


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;Purchaser shall deliver to Sellers for the benefit of the Power Company the Acknowledgment
and Agreement executed by Purchaser and, to the extent required under the Members&#146; Agreement, by
Parent in the form attached as Exhibit&nbsp;2.08 of the Members&#146; Agreement in accordance with the terms
thereof.


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;Purchaser shall deliver to Sellers for the benefit of the Power Company the Acknowledgment
and Agreement executed by Purchaser and, to the extent required under the Members&#146; Agreement, by
Parent in the form attached as Exhibit&nbsp;2.09 of the Members&#146; Agreement in accordance with the terms
thereof.


<P align="left" style="font-size: 12pt; text-indent: 8%">(f)&nbsp;Purchaser shall deliver to Sellers for the benefit of the NIBJ the agreement executed by
Purchaser in accordance with the terms of Section&nbsp;1.1.2 of the NIBJ Agreement with Initial Members.


<P align="left" style="font-size: 12pt; text-indent: 8%">(g)&nbsp;Purchaser shall deliver to Sellers for the benefit of the GOJ the agreement executed by
Purchaser in accordance with the terms of Section&nbsp;1.1.2 of the GOJ Agreement with Initial Members.


<P align="left" style="font-size: 12pt; text-indent: 8%">(h)&nbsp;Each Party shall deliver the certificates, agreements, instruments and other documents
required to be delivered by it pursuant to <U>Article&nbsp;VI</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">1.5 <U>Purchase Agreement Fee</U>. Within two (2)&nbsp;Business Day following Sellers&#146; written
notice to Purchaser of satisfaction of the condition set forth in <U>Section&nbsp;6.3(f)</U>, Purchaser
shall pay to HCE One Million Dollars (US$1,000,000) in cash (the aggregate of such amount, plus any
interest deemed earned thereon from (and including) the date hereof to (but excluding) the Closing
Date or date of earlier termination of this Agreement, being referred to as the &#147;<U>Purchase
Agreement Fee</U>&#148;), by wire transfer of immediately available funds in United States dollars to
the bank account or accounts outside of Jamaica that have been designated by HCE. The Purchase
Agreement Fee will be deemed to earn interest at the Specified Rate. The Purchase Agreement Fee
shall be nonrefundable unless this Agreement is terminated in accordance with <U>Section
7.1(a)</U>, <U>7.1(b)</U>, <U>7.1(c)</U>, <U>7.1(d)</U>, <U>7.1(e)</U> or <U>7.1(g)</U>, in
which event HCE shall pay to Purchaser, no later than five (5)&nbsp;Business Days following the
effective date of such termination, an amount equal to such portion of the Purchase Agreement Fee
received by it pursuant to this <U>Section&nbsp;1.5</U> by wire transfer of immediately available funds
in United States dollars to the bank account or accounts designated by Purchaser. The Purchase
Agreement Fee received by HCE shall be credited against (x)&nbsp;such portion of the Closing Purchase
Price payable to HCE or any Affiliate designated by HCE in accordance with <U>Section&nbsp;1.4(c)</U>
or (y)&nbsp;if this Agreement is terminated (other than pursuant to <U>Section&nbsp;7.1(a)</U>,
<U>7.1(b)</U>, <U>7.1(c)</U>, <U>7.1(d)</U>, <U>7.1(e)</U> or <U>7.1(g)</U>), the Damages, if
any, owed by Purchaser to HCE arising out of breach of this Agreement by Purchaser. The Purchase
Agreement Fee shall not be deemed to be a liquidated damages payment for any breach by Purchaser of
this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">1.6 <U>Purchase Price Adjustment</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;The Purchase Price payable on the Closing Date shall be adjusted as contemplated by
<U>Section&nbsp;1.4(c)</U> as follows:



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(i)&nbsp;upward by an amount, if any, equal to the total combined amount of capital
contributions (other than a capital contribution contemplated by <U>Section
7.1(e)</U>) made by HCE to HCE-Rockfort or from HCO-Jamaica to PPO from December&nbsp;31,
2006 until the Closing Date; and



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(ii)&nbsp;downward by an amount, if any, equal to the total combined amount of
dividends or distributions received by HCE from HCE-Rockfort and by HCO-Jamaica from
PPO (for the avoidance of doubt, excluding any payments made under any Operating
Contract in the ordinary course of business) from December&nbsp;31, 2006 until the
Closing Date;


<P align="left" style="font-size: 12pt; text-indent: 8%">with the Purchase Price, plus any upward adjustment provided for in clause (i)&nbsp;above, and
minus any downward adjustment provided for in clause (ii)&nbsp;above, calculated on a daily basis,
accruing interest payable to Sellers at the Specified Rate for the period of time beginning on
January&nbsp;1, 2007 and ending on the Closing Date (the &#147;<U>PP Adjustment Amount</U>&#148;).


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;After the Closing Date, Purchaser shall afford, and shall exercise the voting, governance
and contractual powers available to it to cause, to the extent possible, the Power Company to
afford, to Sellers and any accountants, counsel or financial advisers retained by Sellers in
connection with any adjustment to the Closing Purchase Price contemplated by this <U>Section
1.6</U> reasonable access to the books, records and employees of HCE-Rockfort, PPO and the Power
Company as is reasonably requested by Sellers in connection with the matters addressed in this
<U>Section&nbsp;1.6</U>. Within forty-five (45)&nbsp;days after the Closing Date, Sellers shall prepare and
deliver to Purchaser a notice (the &#147;<U>Post-Closing PP Adjustment Notice</U>&#148;) setting forth the
proposed final PP Adjustment Amount calculated as of the Closing Date (the &#147;<U>Post-Closing PP
Adjustment Amount</U>&#148;).


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;Purchaser may dispute any amounts reflected in the Post-Closing PP Adjustment Notice;
<U>provided</U>, <U>however</U>, that Purchaser shall have notified Sellers in writing of each
item Purchaser is disputing in good faith, specifying the estimated amount thereof in dispute, if
known or determinable, and setting forth, in reasonable detail, the basis for such dispute by no
later than the tenth (10<sup>th</sup>) Business Day following Purchaser&#146;s receipt of the
Post-Closing PP Adjustment Notice (the &#147;<U>Objection Notice</U>&#148;). If, within such period after
such tenth Business Day, Purchaser shall not have given Sellers an Objection Notice with respect to
the Post-Closing PP Adjustment Notice, then Purchaser shall be deemed to have accepted such notices
and amounts contained therein as final and binding without amendment or modification and conclusive
upon each of the Parties.


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;If Purchaser delivers an Objection Notice, then the items in dispute shall be promptly
submitted by Purchaser (in any event, no later than three (3)&nbsp;Business Days upon receipt by Sellers
of such Objection Notice) to a mutually agreeable accounting firm (and failing agreement, one of
the &#147;Big 4&#148; accounting firms to be determined by lot) (the &#147;<U>Accounting Firm</U>&#148;), which shall,
acting as experts in accounting and not as arbitrators or legal experts, resolve those
disagreements set forth in the Objection Notice. Purchaser and Sellers shall make readily
available to the Accounting Firm all relevant books and records and any work papers, and all other
items reasonably requested by the Accounting Firm. The fees and disbursements of the Accounting
Firm shall be borne equally by Purchaser and HCE. Within twenty (20)&nbsp;Business Days after such
submission, the Accounting Firm shall, and the Parties shall direct the Accounting Firm to,
determine and report to Purchaser and Sellers upon such disputed items, and such report shall be
final, binding and conclusive on the Parties. Upon completion of the foregoing procedures, the
&#147;<U>Final PP Adjustment Amount</U>&#148; shall be deemed to be (i)&nbsp;the Post-Closing PP Adjustment
Amount if Purchaser shall not have objected thereto within the specified time period set forth in
<U>Section&nbsp;1.6(c)</U> or (ii)&nbsp;as determined or reported by the Accounting Firm in accordance with
this <U>Section&nbsp;1.6(d)</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;Within three (3)&nbsp;Business Days following completion of the foregoing procedures in
<U>Section&nbsp;1.6(d)</U>:



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(i)&nbsp;if the Final PP Adjustment Amount exceeds the PP Adjustment Amount, then
Purchaser shall pay to HCE an amount equal to the difference between the Final PP
Adjustment Amount and the PP Adjustment Amount;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(ii)&nbsp;if the Final PP Adjustment Amount is less than the PP Adjustment Amount,
then HCE shall pay to Purchaser an amount equal to the difference between the Final
PP Adjustment Amount and the PP Adjustment Amount; or



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(iii)&nbsp;if the Final PP Adjustment Amount is equal to the PP Adjustment Amount,
then there shall be no further payment under this <U>Section&nbsp;1.6(e)</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">Any payment made pursuant to the foregoing clauses (i)-(ii) shall be made by wire transfer of
immediately available funds in United States dollars in accordance with wire instructions delivered
by Sellers or Purchaser, as the case may be, to the other Party. To the extent any payment
required to be made under this <U>Section&nbsp;1.6(e)</U> is not made by such third (3<sup>rd</sup>)
Business Day, the amount payable will bear interest from such third (3<sup>rd</sup>) Business Day
at the Specified Rate.


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



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



<P align="left" style="font-size: 12pt; text-indent: 4%">Except as otherwise disclosed in the Sellers Disclosure Letter attached hereto as <U>Exhibit
A</U> (the &#147;<U>Sellers Disclosure Letter</U>&#148;), each Seller represents and warrants, severally and
not jointly and as to itself only, to Purchaser as follows in this <U>Article&nbsp;II</U>:


<P align="left" style="font-size: 12pt; text-indent: 8%">2.1 <U>Organization and Qualification</U>. Such Seller is a corporation duly formed and
validly existing under the laws of the State of New York, and has full corporate power and
authority to own, lease and operate its respective assets and properties and to conduct its
respective business as presently conducted, except where the failure to have such power and
authority would not reasonably be expected to have, individually or in the aggregate, a Sellers
Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">2.2 <U>Title to Shares</U>. Such Seller is the lawful record and beneficial owners of the
Shares set forth opposite its respective name in <U>Schedule&nbsp;2.2</U> of the Sellers Disclosure
Letter, free and clear of any and all Liens, except for Liens created by this Agreement. The
delivery of the respective Shares to Purchaser in the manner contemplated under <U>Article&nbsp;I</U>,
following the payment by Purchaser of the Closing Purchase Price to HCE or any Affiliate designated
by HCE, shall transfer to Purchaser valid beneficial and legal title to its respective Shares, free
and clear of any and all Liens except for Liens created by Purchaser and subject to registration of
Purchaser in the Register of Members of PPO. Except as set forth in <U>Schedule&nbsp;2.2</U> of the
Sellers Disclosure Letter, there are no outstanding options, warrants or other rights of any kind
to acquire from HCE or HCO-Jamaica any Shares or securities convertible into or exchangeable for,
or which otherwise confer on the holder thereof any right to acquire from HCE or HCO-Jamaica, any
Shares, nor is HCE or HCO-Jamaica committed to issue any such option, warrant, right or security.


<P align="left" style="font-size: 12pt; text-indent: 8%">2.3 <U>Authority; Non-Contravention; Statutory Approvals</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;<U>Authority</U>. Subject to receipt of all necessary approvals of the board of
directors of such Seller, such Seller has full corporate power and authority to enter into this
Agreement and, subject to receipt of the Sellers Required Statutory Approvals (as such term is
defined in <U>Section&nbsp;2.3(c)</U>), to consummate the transactions contemplated hereby. Subject to
receipt of all necessary approvals of the board of directors of such Seller, the execution,
delivery and performance by such Seller of this Agreement and the consummation by such Seller of
the transactions contemplated hereby have been duly and validly authorized by all requisite
corporate action on the part of such Seller, and no other corporate proceedings or approvals on the
part of such Seller are necessary to authorize this Agreement or to consummate the transactions
contemplated hereby. Subject to receipt of all necessary approvals of the board of directors of
such Seller, this Agreement has been duly executed and delivered by such Seller and, assuming the
due authorization, execution and delivery hereof by each other Party, constitutes the legal, valid
and binding obligation of such Seller, enforceable against such Seller in accordance with its
terms, except as limited by applicable Law affecting the enforcement of creditors&#146; rights generally
or by general equitable principles.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;<U>Non-Contravention</U>. The execution and delivery of this Agreement by such Seller do
not, and the consummation of the transactions contemplated hereby will not, result in any violation
or breach of or default (with or without notice or lapse of time or both) under, or give rise to a
right of termination, cancellation or acceleration of any obligation or stipulated payment under
(any such violation, breach, default, right of termination, cancellation, acceleration or payment
is referred to herein as a &#147;<U>Violation</U>&#148;), or result in the creation of any Lien upon any of
the properties or assets of such Seller pursuant to any provision of (i)&nbsp;the Organizational
Documents of such Seller, subject to obtaining the third-party Consents set forth in <U>Schedule
2.3(b)</U> of the Sellers Disclosure Letter (the &#147;<U>Sellers Required Consents</U>&#148;); (ii)&nbsp;any
lease, mortgage, indenture, note, bond, deed of trust, or other written instrument or agreement of
any kind to which it is a party or by which it may be bound, subject to obtaining the Sellers
Required Consents; or (iii)&nbsp;any Law, Permit or Governmental Order applicable to it, subject to
obtaining the Sellers Required Statutory Approvals; other than in the case of clauses (i), (ii)&nbsp;and
(iii)&nbsp;any such Violation or Lien which would not reasonably be expected to have, individually or in
the aggregate, a Sellers Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;<U>Statutory Approvals</U>. Except for the filings or approvals (i)&nbsp;set forth in
<U>Schedule&nbsp;2.3(c)</U> of the Sellers Disclosure Letter (the &#147;<U>Sellers Required Statutory
Approvals</U>&#148;) and (ii)&nbsp;as may be required due to the regulatory or corporate status of Purchaser,
no Consent of any Governmental Entity is required to be made or obtained by such Seller in
connection with the execution and delivery of this Agreement or the consummation by such Seller of
the transactions contemplated hereby, except those which the failure to make or obtain would not
reasonably be expected to have, individually or in the aggregate, a Sellers Material Adverse Effect
or a Companies Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">2.4 <U>Litigation</U>. Except as set forth in <U>Schedule&nbsp;2.4</U> of the Sellers Disclosure
Letter, there is no action, claim, suit or proceeding at law or in equity pending or, to the
Knowledge of Sellers, threatened against such Seller that, if adversely determined, would
reasonably be expected to have, individually or in the aggregate, a Sellers Material Adverse
Effect. Subject to obtaining the Sellers Required Statutory Approvals, there are no Governmental
Orders of or by any Governmental Entity applicable to such Seller except for such that would not
reasonably be expected to have, individually or in the aggregate, a Sellers Material Adverse Effect
or a Companies Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">2.5 <U>Brokers and Finders</U>. Such Seller has not entered into any written agreement or
arrangement entitling any agent, broker, investment banker, financial advisor or other firm or
Person to any broker&#146;s or finder&#146;s fee or any other commission or similar fee payable by such
Seller, HCE-Rockfort or the Jamaica Subsidiaries in connection with any of the transactions
contemplated by this Agreement, except J.P. Morgan Securities Inc., whose fees shall be paid by
Sellers.


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



<P align="center" style="font-size: 12pt"><B>REPRESENTATIONS AND WARRANTIES WITH RESPECT TO HCE-ROCKFORT AND JAMAICA SUBSIDIARIES</B>



<P align="left" style="font-size: 12pt; text-indent: 4%">Except as disclosed in the Companies Disclosure Letter attached hereto as <U>Exhibit&nbsp;B</U>
(the &#147;<U>Companies Disclosure Letter</U>&#148;) and except for any actions permitted by <U>Section
5.1</U> of this Agreement, HCE and, solely with respect to PPO, HCO-Jamaica represent and warrant
to Purchaser as follows in this <U>Article&nbsp;III</U>:


<P align="left" style="font-size: 12pt; text-indent: 8%">3.1 <U>Organization and Qualification; Non-Contravention; Statutory Approvals</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;<U>Organization and Qualification</U>. Each of HCE-Rockfort, PPO and the Power Company
has been duly formed and is validly existing and in good standing (to the extent such concepts are
recognized under applicable Law) under the laws of the jurisdiction of its formation, with full
power and authority to own or lease and to operate its respective properties and to conduct its
respective business as presently conducted and is duly qualified to do business in all
jurisdictions in which such qualification is necessary under applicable Law as a result of the
conduct of its respective business or the operation of its respective properties.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;<U>Non-Contravention</U>. The execution and delivery of this Agreement by Sellers does
not, and the consummation of the transactions contemplated hereby will not, result in any Violation
or result in the creation of any Lien upon any of the respective properties of HCE-Rockfort, PPO or
the Power Company, pursuant to any provision of (i)&nbsp;the Organizational Documents of HCE-Rockfort,
PPO or the Power Company, subject to obtaining the third-party Consents set forth in <U>Schedule
3.1(b)</U> of the Companies Disclosure Letter (the &#147;<U>Companies Required Consents</U>&#148;); (ii)&nbsp;any
lease, mortgage, indenture, note, bond, deed of trust, or other written instrument or agreement of
any kind to which HCE-Rockfort, PPO or the Power Company is a party or by which HCE-Rockfort, PPO
or the Power Company may be bound, subject to obtaining the Companies Required Consents; or (iii)
any Law, Permit or Governmental Order applicable to each of HCE-Rockfort, PPO or the Power Company,
subject to obtaining the Sellers Required Statutory Approvals and the Companies Required Statutory
Approvals; other than in the case of clauses (i), (ii)&nbsp;and (iii)&nbsp;any such Violation or Lien which
would not reasonably be expected to have, individually or in the aggregate a Companies Material
Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;<U>Statutory Approvals</U>. Except for (i)&nbsp;the filings or approvals set forth in
<U>Schedule&nbsp;3.1(c)</U> of the Companies Disclosure Letter (the &#147;<U>Companies Required Statutory
Approvals</U>&#148;) and (ii)&nbsp;such other filings or approvals as may be required due to the regulatory
or corporate status of Purchaser, no Consent of any Governmental Entity is required to be made or
obtained by HCE-Rockfort, PPO or the Power Company in connection with the execution and delivery of
this Agreement or the consummation by Sellers of the transactions contemplated hereby, except those
which the failure to make or obtain would not reasonably be expected to have, individually or in
the aggregate, a Companies Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.2 <U>Capitalization</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;<U>HCE-Rockfort and PPO</U>. The authorized capital stock of HCE-Rockfort consists of
200 shares of capital stock, each with no par value, of which one (1)&nbsp;share is issued and
outstanding. The HCE-Rockfort Shares constitute all of the issued and outstanding Equity Interests
in HCE-Rockfort. The authorized capital stock of PPO consists of 200 shares, each with no par
value, of which two (2)&nbsp;shares are issued and outstanding. The PPO Shares constitute all of the
issued and outstanding Equity Interests in PPO.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;<U>Power Company</U>. <U>Schedule&nbsp;3.2(b)</U> of the Companies Disclosure Letter sets
forth for the Power Company: (i)&nbsp;its jurisdiction of formation; (ii)&nbsp;its authorized Equity
Interests; (iii)&nbsp;the number of its issued and outstanding Equity Interests; and (iv)&nbsp;the Equity
Interests that are owned directly by HCE-Rockfort. The Equity Interests of the Power Company that
are owned by HCE-Rockfort, as set forth on <U>Schedule&nbsp;3.2(b)</U> of the Companies Disclosure
Letter, are owned free and clear of all Liens, other than Permitted Liens and other than as set
forth in <U>Schedule&nbsp;3.2(b)</U> of the Companies Disclosure Letter. All of the issued and
outstanding Equity Interests in the Power Company that are owned directly by HCE-Rockfort have been
duly authorized and, to the extent such concepts are recognized under applicable Law, are validly
issued and fully paid.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;<U>No Other Equity Interests</U>. As of the date hereof, HCE-Rockfort does not own,
directly or indirectly, any Equity Interests in any Person other than PPO and the Power Company.
As of the date hereof, HCO-Jamaica does not own, directly or indirectly, any Equity Interests in
any Person other than PPO.


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;<U>Agreements with Respect to Shares and Equity Interests of HCE-Rockfort and the Jamaica
Subsidiaries</U>. Except as set forth in <U>Schedule&nbsp;3.2(d)</U> of the Companies Disclosure
Letter and except as provided for in the Organizational Documents of HCE-Rockfort or any Jamaica
Subsidiary, as applicable, there are no:



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(i)&nbsp;subscriptions, options, warrants, calls, conversion, exchange, purchase
right or other written contracts, rights, agreements or commitments of any kind
obligating, directly or indirectly, HCE-Rockfort or PPO or, to the Knowledge of
Sellers, the Power Company, as applicable, to issue, transfer, sell or otherwise
dispose of, or cause to be issued, transferred, sold or otherwise disposed of, any
Equity Interests of HCE-Rockfort or any Jamaica Subsidiary, as applicable, or any
securities convertible into or exchangeable for any such Equity Interests (other
than in connection with any Permitted Lien); or



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(ii)&nbsp;partnership agreements, voting trusts, proxies or other written
agreements, instruments or understandings to which HCE-Rockfort, PPO or the Power
Company is a party, or by which HCE-Rockfort, PPO or the Power Company is bound,
relating to the voting of any shares of the Equity Interests of HCE-Rockfort or any
Jamaica Subsidiary (other than in connection with any Permitted Lien), as
applicable.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.3 <U>Financial Statements; Undisclosed Liabilities</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;Sellers have provided to Purchaser copies of HCE-Rockfort&#146;s unaudited balance sheet as at
December&nbsp;31, 2006 and the related unaudited statement of operations for the year then ended
(collectively, the &#147;<U>HCE-Rockfort Financial Statements</U>&#148;). The HCE-Rockfort Financial
Statements fairly present in all material respects the assets and liabilities of HCE-Rockfort as of
December&nbsp;31, 2006 and the results of HCE-Rockfort&#146;s operations for the period indicated (except for
normal and recurring year-end adjustments and for the absence of notes). The HCE-Rockfort
Financial Statements have been prepared in conformity with U.S. GAAP. The unaudited balance sheet
of HCE-Rockfort as at December&nbsp;31, 2006 is hereinafter referred to as the &#147;<U>HCE-Rockfort Balance
Sheet</U>&#148;.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;The unaudited balance sheet of PPO as at December&nbsp;31, 2006 (the &#147;<U>PPO Balance
Sheet</U>&#148;) and the related unaudited statement of profit and loss account and statement of cash
flows for the year then ended (collectively, the &#147;<U>PPO Financial Statements</U>&#148;) fairly present
in all material respects the assets and liabilities of PPO as of December&nbsp;31, 2006 and the income,
expenses and cash flows of PPO for the period indicated (except for normal and recurring year-end
adjustments). The PPO Financial Statements have been prepared in conformity with the International
Financial Reporting Standards (&#147;<U>IFRS</U>&#148;) and the requirements of the Jamaican Companies Act
and have been reconciled to U.S. GAAP to the extent required to prepare the HCE-Rockfort Financial
Statements in conformity with U.S. GAAP.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;The audited balance sheet of the Power Company as at December&nbsp;31, 2006 (the &#147;<U>Power
Company Balance Sheet</U>&#148; and, together with the HCE-Rockfort Balance Sheet and the PPO Balance
Sheet, collectively, the &#147;<U>Balance Sheets</U>&#148;) and the related audited statement of profit and
loss account, statement of changes in equity and statement of cash flows for the year then ended
(collectively, the &#147;<U>Power Company Financial Statements</U>&#148;) fairly present in all material
respects the assets and liabilities of the Power Company as of December&nbsp;31, 2006 and the revenues,
expenses, capital and cash flows of the Power Company for the period indicated. The Power Company
Financial Statements have been prepared in conformity with the IFRS and the requirements of the
Jamaican Companies Act and have been reconciled to U.S. GAAP to the extent required to prepare the
HCE-Rockfort Financial Statements in conformity with U.S. GAAP.


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;Neither HCE-Rockfort nor any Jamaica Subsidiary has any Liabilities, other than (i)
Liabilities that will not be applicable to HCE-Rockfort or any Jamaica Subsidiary after Closing,
(ii)&nbsp;Liabilities disclosed on <U>Schedule&nbsp;3.3(d)</U> of the Companies Disclosure Letter, (iii)
Liabilities reserved for or reflected in the Balance Sheets, (iv)&nbsp;Liabilities incurred in the
ordinary course of business since December&nbsp;31, 2006 that have not had, or would not reasonably be
expected to have, individually or in the aggregate, a Companies Material Adverse Effect and (v)
such other Liabilities as have not had, or would not reasonably be expected to have, individually
or in the aggregate, a Companies Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.4 <U>Absence of Certain Changes or Events</U>. Since December&nbsp;31, 2006 through the date
hereof, except as set forth in <U>Schedule&nbsp;3.4</U> of the Companies Disclosure Letter, other than
in connection with the transactions contemplated by this Agreement, none of HCE-Rockfort, PPO or
the Power Company has taken any of the actions set forth in <U>Sections&nbsp;5.1(a)</U> through
<U>5.1(k)</U>, that, if taken after the execution and delivery of this Agreement, would require
the consent of Purchaser pursuant to <U>Section&nbsp;5.1</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.5 <U>Tax Matters</U>. Except as set forth in <U>Schedule&nbsp;3.5</U> of the Companies
Disclosure Letter:


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;HCE-Rockfort and each of PPO and the Power Company has, or, in each case, a Person acting
on its behalf has, (A)&nbsp;filed with the appropriate Governmental Entity all material Tax Returns
required to have been filed by it and such Tax Returns are accurate and complete in all material
respects and (B)&nbsp;duly paid in full or made provision in accordance with, with respect to
HCE-Rockfort, U.S. GAAP and, with respect to PPO and the Power Company, IFRS for the payment of all
Taxes shown as due or payable on such Tax Returns or that are otherwise due and payable;


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;no written proposed deficiencies, adjustments, written claims for unpaid Taxes, audits or
other administrative proceedings or court proceedings are, as of the date hereof, pending with
regard to any Taxes or Tax Returns of HCE-Rockfort, PPO or the Power Company and none of
HCE-Rockfort or any Jamaica Subsidiary has been informed in writing of the planned commencement of
any such audits or proceedings;


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;none of HCE-Rockfort, PPO or the Power Company has waived any statute of limitations for
the assessment or collection of any material Taxes which waiver is currently in effect;


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;there are no Liens for Taxes on any assets of HCE-Rockfort, PPO or the Power Company,
except Liens relating to (i)&nbsp;Taxes not yet due and payable or (ii)&nbsp;Taxes which are being contested
in good faith and for which adequate reserves have been established;


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;HCE-Rockfort has made available to Purchaser complete and accurate copies of all of its
material income Tax Returns (or, in the case of Tax Returns filed by a consolidated, combined or
unitary group of which HCE-Rockfort is a member, <I>pro forma </I>Tax Returns) and PPO, and HCE-Rockfort
has made available to Purchaser all material Tax information provided to it by the Power Company,
in each case for the years 2004 and 2005, as filed or subsequently amended; and


<P align="left" style="font-size: 12pt; text-indent: 8%">(f)&nbsp;HCE-Rockfort is a member of the CMS Energy Corporation affiliated group filing a
consolidated United States federal income Tax Return but has no liability for the Taxes of any
other Person under Treasury Regulations Section&nbsp;1.1502-6, as successor, by contract or otherwise.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.6 <U>Litigation</U>. Except as set forth in <U>Schedule&nbsp;3.6</U> of the Companies
Disclosure Letter, there is no action, claim, suit or other proceeding at law or in equity pending
or, to the Knowledge of Sellers, threatened against HCE-Rockfort or affecting the assets or
properties of HCE-Rockfort that, if adversely determined, would reasonably be expected to have,
individually or in the aggregate, a Companies Material Adverse Effect. Except as set forth in
<U>Schedule&nbsp;3.6</U> of the Companies Disclosure Letter, there is no action, claim, suit or other
proceeding at law or in equity pending or, to the Knowledge of Sellers, threatened against PPO or
affecting the assets or properties of PPO that, if adversely determined, would reasonably be
expected to have, individually or in the aggregate, a Companies Material Adverse Effect. Except as
set forth in <U>Schedule&nbsp;3.6</U> of the Companies Disclosure Letter, there is no action, claim,
suit or other proceeding at law or in equity pending or, to the Knowledge of Sellers, threatened
against the Power Company or affecting the assets or properties of the Power Company that, if
adversely determined, would reasonably be expected to have, individually or in the aggregate, a
Companies Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.7 <U>Compliance with Laws</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;Except as set forth in <U>Schedule&nbsp;3.7(a)</U> of the Companies Disclosure Letter,
HCE-Rockfort and each Jamaica Subsidiary is in compliance with all applicable Law (including any
applicable foreign corrupt practices Law), except for non-compliance and violations that would not
reasonably be expected to have, individually or in the aggregate, a Companies Material Adverse
Effect. Except as set forth in <U>Schedule&nbsp;3.7(a)</U> of the Companies Disclosure Letter, neither
HCE-Rockfort nor any Jamaica Subsidiary has received any written notice of or been charged with any
violation of or, to the Knowledge of Sellers, is under investigation with respect to any violation
of, any Law or Governmental Order, except in each case for violations that would not reasonably be
expected to have, individually or in the aggregate, a Companies Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;This <U>Section&nbsp;3.7</U> does not relate to Tax matters, which are instead the subject of
<U>Section&nbsp;3.5</U>, employee benefits matters, which are instead the subject of <U>Section
3.8</U>, Companies Permits, which are instead the subject of <U>Section&nbsp;3.9</U>, or environmental
matters, which are instead the subject of <U>Section&nbsp;3.12</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.8 <U>Employee Benefits</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;<U>Schedule&nbsp;3.8(a)</U> of the Companies Disclosure Letter contains a list of each
material written agreement relating to bonus, incentive or deferred compensation, pension,
retirement, profit-sharing, savings, employment, consulting, compensation, stock purchase, stock
option, phantom stock or other equity-based compensation, severance pay, termination,
change-in-control, retention, salary continuation, vacation, sick leave, disability, death benefit,
group insurance, hospitalization, medical, dental, life, loan, educational assistance, and other
fringe benefit plans, programs and arrangements maintained by HCE-Rockfort, PPO and the Power
Company for the benefit of any employee or former employee of HCE-Rockfort, PPO and the Power
Company (collectively, the &#147;<U>Companies Plans</U>&#148;), respectively.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;With respect to each Companies Plan, Sellers have provided or made available to Purchaser
true and complete copies of the documents, to the extent applicable, a copy of such Companies Plan
(including all amendments thereto) and if such Companies Plan is funded through a trust or any
third party funding vehicle, a copy of the trust or other funding agreement (including all
amendments thereto) and the most recent financial statements.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;To the Knowledge of Sellers, each Companies Plan has been administered in all material
respects in compliance with its terms and applicable Law. Except as set forth in <U>Schedule
3.6</U> of the Companies Disclosure Letter, there is no pending or, to the Knowledge of Sellers,
threatened legal action, suit or claim relating to the Companies Plans (other than routine claims
for benefits).


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;No contributions to any Companies Plan required to be made under the terms of such
Companies Plan or applicable Law have not been made as required. All material liabilities or
expenses of PPO or the Power Company, as the case may be, in respect of any Companies Plan, as
applicable, have been properly accrued on the most recent financial statements of PPO or the Power
Company, as the case may be, in each case in compliance with IFRS.


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;Except as would not reasonably be expected to have, individually or in the aggregate, a
Companies Material Adverse Effect, and except as set forth in <U>Schedule&nbsp;3.8(e)</U> of the
Companies Disclosure Letter, neither the execution and delivery of this Agreement nor the
consummation of the transactions contemplated hereby will (either alone or in combination with
another event) (i)&nbsp;entitle any current or former employee or director of HCE-Rockfort or any
Jamaica Subsidiary to any payment or result in any payment becoming due, increase the amount of any
compensation due, or result in the acceleration of the time of any payment due to any such person
or (ii)&nbsp;increase any benefits otherwise payable under any Companies Plan or result in the
acceleration of the time of payment or vesting of any benefit under a Companies Plan.


<P align="left" style="font-size: 12pt; text-indent: 8%">(f)&nbsp;Except as set forth in <U>Schedule&nbsp;3.8(f)</U> of the Companies Disclosure Letter, no
Companies Plan provides material benefits, including without limitation death or medical benefits
(whether or not insured), with respect to current or former employees of HCE-Rockfort or any
Jamaica Subsidiary beyond their retirement or other termination of service, other than (i)&nbsp;coverage
mandated solely by applicable Law, (ii)&nbsp;deferred compensation benefits accrued as liabilities on
the books of HCE-Rockfort or any Jamaica Subsidiary or (iii)&nbsp;benefits the costs of which are borne
by the current or former employee or his or her beneficiary.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.9 <U>Companies Permits</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;Except as set forth in <U>Schedule&nbsp;3.9(a)</U> of the Companies Disclosure Letter, each of
HCE-Rockfort, PPO and, to the Knowledge of Sellers, the Power Company has and is in compliance with
all Permits that are necessary for it to conduct its operations in the manner in which they are
presently conducted, other than any such Permits the failure of which to have or to be in
compliance with would not reasonably be expected to have, individually or in the aggregate, a
Companies Material Adverse Effect (collectively, &#147;<U>Companies Permits</U>&#148;). Except as set forth
in <U>Schedule&nbsp;3.9(a)</U> of the Companies Disclosure Letter, each Companies Permit held by
HCE-Rockfort, PPO and, to the Knowledge of Sellers, the Power Company is in full force and effect
other than any failure to be in full force and effect that would not reasonably be expected to
have, individually or in the aggregate, a Companies Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;This <U>Section&nbsp;3.9</U> does not relate to environmental matters, which are instead the
subject of <U>Section&nbsp;3.12</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.10 <U>Leased Real Property</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;<U>Schedule&nbsp;3.10(a)</U> of the Companies Disclosure Letter lists all material real
property leases to which HCE-Rockfort or any Jamaica Subsidiary is a party (the &#147;<U>Leased Real
Property</U>&#148;). Except as set forth on <U>Schedule&nbsp;3.10(a)</U>, neither HCE-Rockfort nor any
Jamaica Subsidiary (i)&nbsp;now owns, controls or possesses any tangible real property, or interest
therein, and (ii)&nbsp;has ever owned, controlled or possessed any tangible real property, except, in
each case, the Leased Real Property.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;Except as would not reasonably be expected to have, individually or in the aggregate, a
Companies Material Adverse Effect, HCE-Rockfort and each Jamaica Subsidiary has a valid leasehold
interest in (or has analogous property rights under applicable Law) all Leased Real Property used
by it.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;Neither HCE-Rockfort nor any Jamaica Subsidiary has received written notice of a
proceeding in eminent domain or other similar proceedings affecting any of the Leased Real Property
that would reasonably be expected to have, individually or in the aggregate, a Companies Material
Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.11 <U>Contracts</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;Set forth in <U>Schedule&nbsp;3.11(a)</U> of the Companies Disclosure Letter is, as of the
date hereof, a list of the following written agreements and contracts to which HCE-Rockfort or any
Jamaica Subsidiary is a party or by which any of their respective properties or assets are bound,
other than any insurance policies covering HCE-Rockfort, any Jamaica Subsidiary or any of their
respective assets (the written agreements and contracts set forth in <U>Schedule&nbsp;3.11(a)</U> of
the Companies Disclosure Letter are referred to herein as the &#147;<U>Companies Material
Contracts</U>&#148; and, as used in this <U>Section&nbsp;3.11</U>, &#147;<U>Contracting Party</U>&#148; shall refer
to HCE-Rockfort or Jamaica Subsidiary, as applicable, party to such Companies Material Contract):



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(i)&nbsp;all Operating Contracts providing for the payment by or to the Contracting
Party in excess of US$100,000 per year, other than (x)&nbsp;any agreements with
HCE-Rockfort or any Jamaica Subsidiary to document certain intercompany loans or (y)
any agreements between HCE-Rockfort and any Jamaica Subsidiary for the provision of
services and/or payment of costs, which are terminable by either party thereto upon
not more than sixty (60)&nbsp;days&#146; notice;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(ii)&nbsp;all contracts or agreements (other than Operating Contracts) requiring a
future capital expenditure by the Contracting Party in excess of US$100,000 in any
twelve-month period;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(iii)&nbsp;all contracts or agreements under which the Contracting Party is
obligated to sell real or personal property having a value in excess of US$100,000
other than in the ordinary course of business;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(iv)&nbsp;all contracts or agreements under which the Contracting Party (1)&nbsp;created,
incurred, assumed or guaranteed (or may create, incur, assume or guarantee)
indebtedness, (2)&nbsp;granted a Lien on its assets, whether tangible or intangible, to
secure such indebtedness or (3)&nbsp;extended credit or advanced funds to any Person, in
each case, in excess of US$100,000;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(v)&nbsp;all executory contracts for the purchase or sale of any business,
corporation, partnership, joint venture, association or other business organization
or any division, assets, operating unit or product line thereof which have a
purchase or sale price in excess of US$100,000;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(vi)&nbsp;all contracts or agreements establishing any joint venture;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(vii)&nbsp;all contracts or agreements that grant a right of first refusal or
similar right with respect to (A)&nbsp;any assets of the Contracting Party having a value
in excess of US$100,000 or (B)&nbsp;any direct or indirect economic interest in the
Contracting Party having a value in excess of US$100,000;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(viii)&nbsp;any contract or agreement providing for the use of material Intellectual
Property (as such term is defined in <U>Section&nbsp;3.14</U>) which has an annual
license payment or fee in excess of US$100,000;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(ix)&nbsp;any contract or agreement (other than employment contracts involving
payments in any given year in excess of $50,000 or Companies Plans) with any current
officer or director of HCE-Rockfort or a Jamaica Subsidiary; and



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(x)&nbsp;any other contract or agreement not covered in clauses (i)&nbsp;through (ix)
above that involves payment by or to the Contracting Party of more than US$100,000
annually or US$500,000 in the aggregate under such contract or agreement, other than
those that can be terminated without penalty in excess of US$100,000 to the
Contracting Party upon not more than sixty (60)&nbsp;days&#146; notice.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;Except as set forth in <U>Schedule&nbsp;3.11(b)(i)</U> of the Companies Disclosure Letter,
Sellers have made available to Purchaser complete and correct copies of all Companies Material
Contracts. Except as set forth in <U>Schedule&nbsp;3.11(b)(ii)</U> of the Companies Disclosure Letter,
each Companies Material Contract is (i)&nbsp;in full force and effect and (ii)&nbsp;the valid and binding
obligation of HCE-Rockfort, PPO or the Power Company party thereto and, to the Knowledge of
Sellers, of each other party thereto, in each case (x)&nbsp;except as limited by Laws affecting the
enforcement of creditors&#146; rights generally or by general equitable principles and (y)&nbsp;with such
exceptions as would not reasonably be expected to have, individually or in the aggregate, a
Companies Material Adverse Effect. Except as set forth in <U>Schedule&nbsp;3.11(b)(ii)</U> of the
Companies Disclosure Letter, none of HCE-Rockfort, PPO or, to the Knowledge of Sellers, the Power
Company is in breach or default under any Companies Material Contract, which breach or default has
not been waived, and, to the Knowledge of Sellers, no other party to any Companies Material
Contract is in breach or default, except in each case, for any breach or default that would not
reasonably be expected to have, individually or in the aggregate, a Companies Material Adverse
Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.12 <U>Environmental Matters</U>. Except as set forth in <U>Schedule&nbsp;3.12</U> of the
Companies Disclosure Letter, or as would not reasonably be expected to have, individually or in the
aggregate, a Companies Material Adverse Effect:


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;each of HCE-Rockfort, PPO and the Power Company are in compliance in all material respects
with all applicable Environmental Laws, including having and complying with the terms and
conditions of all material Permits required pursuant to applicable Environmental Laws;


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;none of HCE-Rockfort, PPO or the Power Company (i)&nbsp;has received from any Governmental
Entity any written notice of violation of, alleged violation of, non-compliance with, or Liability
or potential Liability pursuant to, any Environmental Law, other than notices with respect to
matters that have been resolved and for which HCE-Rockfort, PPO or the Power Company has no further
obligations outstanding or (ii)&nbsp;is subject to any outstanding Governmental Order, &#147;consent order&#148;
or other written agreement with regard to any violation, noncompliance or Liability under any
Environmental Law;


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;no judicial proceeding or governmental or administrative action is pending under any
applicable Environmental Law pursuant to which HCE-Rockfort, PPO or the Power Company has been a
party; and


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;none of HCE-Rockfort, PPO or the Power Company has received any written notice, claim or
demand from any Person, including any Governmental Entity, seeking costs of response, damages or
requiring remedial action relating to (i)&nbsp;any Release of Hazardous Substances at, on or beneath
HCE-Rockfort&#146;s or any Jamaica Subsidiary&#146;s current facilities or (ii)&nbsp;a Release of Hazardous
Substances at any third party property to which Hazardous Substances generated by HCE-Rockfort or
any Jamaica Subsidiary were sent for treatment or disposal.


<P align="left" style="font-size: 12pt; text-indent: 4%">Notwithstanding any of the representations and warranties contained elsewhere in this
Agreement, all environmental matters shall be governed exclusively by this <U>Section&nbsp;3.12</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.13 <U>Labor Matters</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;<U>Schedule&nbsp;3.13(a)</U> of the Companies Disclosure Letter contains a list of all
collective bargaining agreements to which HCE-Rockfort, PPO or the Power Company is bound.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;Except as set forth on <U>Schedule&nbsp;3.13(b)</U> of the Companies Disclosure Letter, no
employees of HCE-Rockfort, PPO or the Power Company are represented by any labor organization with
respect to their employment with HCE-Rockfort, PPO or the Power Company, as applicable.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;Since January&nbsp;1, 2006, there have been no material labor strikes or lockouts against or
affecting HCE-Rockfort, PPO or the Power Company.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.14 <U>Intellectual Property</U>. Except as would not reasonably be expected to have a
Companies Material Adverse Effect, (a)&nbsp;each of HCE-Rockfort, PPO and the Power Company own, or has
the right to use, all patents, patent rights (including patent applications and licenses),
know-how, trade secrets, trademarks (including trademark applications), trademark rights, trade
names, trade name rights, service marks, service mark rights, copyrights and other proprietary
intellectual property rights (collectively, &#147;<U>Intellectual Property</U>&#148;) used in and necessary
for the conduct of the businesses of HCE-Rockfort, PPO or the Power Company as currently conducted,
(b)&nbsp;the use of the Intellectual Property used in the businesses of HCE-Rockfort, PPO and the Power
Company as currently conducted does not infringe or otherwise violate the Intellectual Property
rights of any third party, (c)&nbsp;to the Knowledge of Sellers, no third party is challenging,
infringing or otherwise violating any right of HCE-Rockfort, PPO and the Power Company in any
Intellectual Property necessary for the conduct of the businesses of HCE-Rockfort, PPO or the Power
Company as currently conducted, and (d)&nbsp;none of HCE-Rockfort, PPO or the Power Company has received
any written notice of any pending claim that Intellectual Property used in and necessary for the
conduct of the businesses of HCE-Rockfort, PPO or the Power Company as currently conducted
infringes or otherwise violates the Intellectual Property rights of any third party.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.15 <U>Affiliate Contracts</U>. <U>Schedule&nbsp;3.15</U> of the Companies Disclosure Letter
contains a true and complete list of each material written agreement or contract as of the date
hereof between (i)&nbsp;HCE-Rockfort, PPO or the Power Company, on the one hand, and (ii)&nbsp;any Seller or
any Affiliate thereof (other than HCE-Rockfort or any Jamaica Subsidiary), on the other hand
(collectively, the &#147;<U>Affiliate Contracts</U>&#148;).


<P align="left" style="font-size: 12pt; text-indent: 8%">3.16 <U>Insurance</U>. Set forth on <U>Schedule&nbsp;3.16</U> of the Companies Disclosure Letter
is a list of all material policies of insurance under which HCE-Rockfort&#146;s, PPO&#146;s or the Power
Company&#146;s assets or business activities are covered, including for each such policy the type of
policy, the name of the insured, the term of the policy, a description of the limits of such
policy, the basis of coverage and the deductibles.


<P align="left" style="font-size: 12pt; text-indent: 8%">3.17 <U>Brokers and Finders</U>. None of HCE-Rockfort, PPO or the Power Company has entered
into any written agreement or arrangement entitling any agent, broker, investment banker, financial
advisor or other firm or Person to any broker&#146;s or finder&#146;s fee or any other commission or similar
fee payable by HCE-Rockfort or any Jamaica Subsidiary in connection with any of the transactions
contemplated by this Agreement, except J.P. Morgan Securities Inc., whose fees and expenses are
governed by <U>Section&nbsp;5.7</U>.


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



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



<P align="left" style="font-size: 12pt; text-indent: 4%">Except as set forth in the Purchaser Disclosure Letter attached hereto as <U>Exhibit&nbsp;C</U>
(the &#147;<U>Purchaser Disclosure Letter</U>&#148;), Purchaser represents and warrants to Sellers as
follows in this <U>Article&nbsp;IV</U>:


<P align="left" style="font-size: 12pt; text-indent: 8%">4.1 <U>Organization and Qualification</U>. Parent is an exempted company, duly incorporated
with limited liability, validly existing and in good standing under the laws of the Cayman Islands.
Purchaser is an exempted company, duly incorporated with limited liability, validly existing and
in good standing under the laws of the Cayman Islands. Each of Parent and Purchaser has full
corporate power and authority to own, lease and operate its respective assets and properties and to
conduct its respective business as presently conducted. Each of Parent and Purchaser is duly
qualified to do business and in good standing as a foreign corporation in all jurisdictions in
which such qualification is necessary under applicable Law as a result of the conduct of its
respective business or the ownership of its respective properties, except for those jurisdictions
where failure to be so qualified or in good standing would not reasonably be expected to have,
individually or in the aggregate, a Purchaser Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.2 <U>Authority; Non-Contravention; Statutory Approvals</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;<U>Authority</U>. Each of Parent and Purchaser has full corporate power and authority to
enter into this Agreement and, subject to receipt of the Purchaser Required Statutory Approvals, to
consummate the transactions contemplated hereby. The execution, delivery and performance by each
of Parent and Purchaser of this Agreement and the consummation by each of Parent and Purchaser of
the transactions contemplated hereby have been duly and validly authorized by all requisite
corporate action on the part of each of Parent and Purchaser, and no other corporate proceedings or
approvals on the part of each of Parent and Purchaser are necessary to authorize this Agreement or
to consummate the transactions contemplated hereby. This Agreement has been duly executed and
delivered by each of Parent and Purchaser and, assuming the due authorization, execution and
delivery hereof by each other Party, constitutes the legal, valid and binding obligation of each of
Parent and Purchaser, enforceable against each of Parent and Purchaser in accordance with its
terms, except as limited by applicable Law affecting the enforcement of creditors&#146; rights generally
or by general equitable principles.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;<U>Non-Contravention</U>. Except as set forth on <U>Schedule&nbsp;4.2(b)</U> of the
Purchaser Disclosure Letter, the execution and delivery of this Agreement by each of Parent and
Purchaser do not, and the consummation of the transactions contemplated hereby will not, result in
any Violation or result in the creation of any Lien upon any of the respective properties or assets
of Parent or Purchaser pursuant to any provision of (i)&nbsp;the Organizational Documents of Parent or
Purchaser; (ii)&nbsp;any lease, mortgage, indenture, note, bond, deed of trust, or other written
instrument or agreement of any kind to which Parent or Purchaser is a party or by which Parent or
Purchaser may be bound, subject to obtaining the third-party Consents set forth in <U>Schedule
4.2(b)</U> of the Purchaser Disclosure Letter (the &#147;<U>Purchaser Required Consents</U>&#148;); or (iii)
any Law, Permit or governmental order applicable to Parent or Purchaser, subject to obtaining the
Purchaser Required Statutory Approvals (as such term is defined in <U>Section&nbsp;4.2(c)</U>); other
than in the case of clauses (i), (ii)&nbsp;and (iii)&nbsp;for any such Violation or Lien that would not
reasonably be expected to have, individually or in the aggregate, a Purchaser Material Adverse
Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;<U>Statutory Approvals</U>. Except for the filings or approvals (i)&nbsp;set forth in
<U>Schedule&nbsp;4.2(c)</U> of the Purchaser Disclosure Letter (the &#147;<U>Purchaser Required Statutory
Approvals</U>&#148;) and (ii)&nbsp;as may be required due to the regulatory or corporate status of Seller or
any of HCE-Rockfort or the Jamaica Subsidiaries, no Consent of any Governmental Entity is required
to be made or obtained by Parent or Purchaser in connection with the execution and delivery of this
Agreement or the consummation by Parent or Purchaser of the transactions contemplated hereby,
except those which the failure to make or obtain would not reasonably be expected to have,
individually or in the aggregate, a Purchaser Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.3 <U>Financing</U>. Parent has and will have, and Purchaser has or will have, at the
Closing, available cash and/or credit capacity, either in its accounts, through binding and
enforceable credit arrangements or borrowing facilities or otherwise, (i)&nbsp;to pay the Purchase
Price, (ii)&nbsp;to pay all fees and expenses required to be paid by Purchaser in connection with the
transactions contemplated by this Agreement, pursuant to <U>Section&nbsp;5.7</U> or otherwise, and
(iii)&nbsp;to perform all of its other obligations hereunder.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.4 <U>Litigation</U>. Except as set forth in <U>Schedule&nbsp;4.4</U> of the Purchaser
Disclosure Letter, there is no action, claim, suit or proceeding at law or in equity pending or, to
the Knowledge of Purchaser, threatened against any of Parent or Purchaser or any of its respective
Subsidiaries or affecting any of their respective assets or properties that, if adversely
determined, would reasonably be expected to have, individually or in the aggregate, a Purchaser
Material Adverse Effect. There are no Governmental Orders of or by any Governmental Entity
applicable to Parent or Purchaser or any of their respective Subsidiaries except for such that
would not reasonably be expected to have, individually or in the aggregate, a Purchaser Material
Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.5 <U>Investment Intention; Sufficient Investment Experience; Independent Investigation</U>.
Purchaser has such knowledge and experience in financial and business matters that it is capable
of evaluating HCE-Rockfort and the Jamaica Subsidiaries and the merits and risks of an investment
in the Shares. Purchaser has been given adequate opportunity to examine all documents provided by,
conduct due diligence and ask questions of, and to receive answers from, Sellers, HCE-Rockfort and
their respective representatives concerning HCE-Rockfort and the Jamaica Subsidiaries and
Purchaser&#146;s investment in the Shares. Purchaser acknowledges and affirms that it has completed its
own independent investigation, analysis and evaluation of HCE-Rockfort and the Jamaica
Subsidiaries, that it has made all such reviews and inspections of the business, assets, results of
operations and condition (financial or otherwise) of HCE-Rockfort and the Jamaica Subsidiaries as
it has deemed necessary or appropriate, and that in making its decision to enter into this
Agreement and to consummate the transactions contemplated hereby it has relied on its own
independent investigation, analysis, and evaluation of HCE-Rockfort and the Jamaica Subsidiaries
and Sellers&#146; representations and warranties set forth in <U>Articles II</U> and <U>III</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.6 <U>Brokers and Finders</U>. Neither Parent nor Purchaser has entered into any written
agreement or arrangement entitling any agent, broker, investment banker, financial advisor or other
firm or Person to any broker&#146;s or finder&#146;s fee or any other commission or similar fee in connection
with any of the transactions contemplated by this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.7 <U>Qualified for Permits</U>. Each of Parent and Purchaser is qualified to obtain any
Permits necessary for the operation by Purchaser of HCE-Rockfort and the Jamaica Subsidiaries as of
the Closing in the same manner as HCE-Rockfort and the Jamaica Subsidiaries are currently operated.


<P align="left" style="font-size: 12pt; text-indent: 8%">4.8 <U>No Knowledge of Sellers Breach</U>. Except as set forth in the Sellers Disclosure
Letter and the Companies Disclosure Letter, none of Parent, Purchaser nor any of their respective
Affiliates has Knowledge of any breach or inaccuracy, or of any facts or circumstances which may
constitute or give rise to a breach or inaccuracy, of any representation or warranty of Sellers set
forth in <U>Articles II</U> or <U>III</U>.


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">5.1 <U>Conduct of Business</U>. After the date hereof and prior to the Closing or earlier
termination of this Agreement, (i)&nbsp;Sellers shall, and HCE shall cause HCE-Rockfort to, cause PPO,
and (ii)&nbsp;with respect to the Power Company, HCE shall cause HCE-Rockfort to exercise the voting,
governance and contractual powers available to it to cause, to the extent possible, the Power
Company, to conduct its respective business in the ordinary and usual course in substantially the
same manner as heretofore conducted. After the date hereof and prior to the Closing or earlier
termination of this Agreement, except as set forth in <U>Schedule&nbsp;5.1</U> and except (1)&nbsp;as
contemplated in or permitted by this Agreement, (2)&nbsp;as may be required to comply with any Companies
Material Contract (including any Financing Facility), (3)&nbsp;as required by applicable Law, (4)&nbsp;in the
ordinary and usual course of business, (5)&nbsp;to the extent prohibited by a Financing Facility or (6)
to the extent Purchaser shall otherwise consent, which decision regarding consent shall be made
promptly and which consent shall not be unreasonably withheld, conditioned or delayed, (x)&nbsp;Sellers
shall, and HCE shall cause HCE-Rockfort to, cause PPO not to, and (y)&nbsp;with respect to the Power
Company, HCE shall cause HCE-Rockfort to exercise the voting, governance and contractual powers
available to it to cause, to the extent possible, the Power Company, not to:


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;(i)&nbsp;amend its Organizational Documents other than amendments which are ministerial in
nature or not otherwise material; (ii)&nbsp;split, combine or reclassify its outstanding Equity
Interests; or (iii)&nbsp;repurchase, redeem or otherwise acquire any shares of its capital stock or any
securities convertible into or exchangeable or exercisable for any shares of its capital stock;


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;issue, sell, or dispose of any shares of, or securities convertible into or exchangeable
or exercisable for, or options, warrants, calls, commitments or rights of any kind to acquire, any
shares of its capital stock, other than any issuance, sale or disposal, solely among HCE-Rockfort
and/or any Jamaica Subsidiary;


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;incur any indebtedness in a maximum aggregate principal amount in excess of US$500,000;


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;make any commitments for or make capital expenditures in excess of US$500,000 individually
or US$1,000,000 in the aggregate;


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;make any acquisition of, or investment in, assets or stock of any other Person or entity
in excess of US$500,000 individually or US$1,000,000 in the aggregate;


<P align="left" style="font-size: 12pt; text-indent: 8%">(f)&nbsp;sell, transfer or otherwise dispose of any of its assets in excess of US$500,000
individually or US$1,000,000 in the aggregate;


<P align="left" style="font-size: 12pt; text-indent: 8%">(g)&nbsp;(x)&nbsp;terminate or amend or modify any material term of a Company Material Contract, (y)
enter into a new Company Material Contract or (z)&nbsp;grant any waiver of any material term under, or
give any material consent with respect to, any Company Material Contract, in each case which
Company Material Contracts involve total consideration throughout the term thereof in excess of
US$500,000 individually or US$1,000,000 in the aggregate;


<P align="left" style="font-size: 12pt; text-indent: 8%">(h)&nbsp;enter into or amend any material Companies Plan or any collective bargaining or labor
agreement (except, in each case, as may be required by applicable Law);


<P align="left" style="font-size: 12pt; text-indent: 8%">(i)&nbsp;except as otherwise contemplated in <U>Section&nbsp;3.6</U>, settle any dispute or claim or
compromise or settle any liability in an amount not covered by insurance or cancel any material
indebtedness (individually or in the aggregate) or waive any claims or rights of substantial value,
in each case having a value in excess of US$1,000,000 in the aggregate;


<P align="left" style="font-size: 12pt; text-indent: 8%">(j)&nbsp;declare, pay or set aside for payment any cash or non-cash dividend or other distribution
in respect of any of the Shares or the Equity Interest of HCE-Rockfort or any Jamaica Subsidiary
(other than cash dividends required by applicable Law); or


<P align="left" style="font-size: 12pt; text-indent: 8%">(k)&nbsp;enter into any written agreement or contract to take any of the actions set forth in
subsections (a)-(j) of this <U>Section&nbsp;5.1</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.2 <U>Approvals</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;Each Party shall cooperate and use reasonable efforts to obtain as promptly as practicable
all Consents of any Governmental Entity or any other Person, including, without limitation, the
Sellers Required Consents, the Companies Required Consents, the Purchaser Required Consents, the
Sellers Required Statutory Approvals, the Companies Required Statutory Approvals and the Purchaser
Required Statutory Approvals, as applicable, required in connection with, and waivers of any
breaches or violations of any written contracts or agreements, Permits or other documents that may
be caused by, the consummation of the transactions contemplated by this Agreement. In furtherance
of the foregoing, Purchaser shall take all such actions, including, without limitation, (i)
proposing, negotiating, committing to and effecting, by consent decree, hold separate order, or
otherwise, the sale, divestiture or disposition of such assets or businesses of any of Parent,
Purchaser or any of their Subsidiaries or, after the Closing Date, of any of HCE-Rockfort or any of
the Jamaica Subsidiaries and (ii)&nbsp;otherwise taking or committing to take actions that limit or
would limit any of Parent&#146;s, Purchaser&#146;s or their Subsidiaries&#146; (including, after the Closing Date,
HCE-Rockfort or any of the Jamaica Subsidiaries as Subsidiaries of Parent) freedom of action with
respect to, or its ability to retain, one or more of their respective businesses, product lines or
assets, in each case as may be required in order to (x)&nbsp;obtain the Sellers Required Statutory
Approvals, the Companies Required Statutory Approvals and the Purchaser Required Statutory
Approvals as soon as reasonably possible or (y)&nbsp;avoid the entry of, or to effect the dissolution
of, any injunction, temporary restraining order, or other order in any suit or proceeding, which
would otherwise have the effect of preventing or materially delaying the Closing. Purchaser shall
(i)&nbsp;respond as promptly as practicable to any inquiries or requests received from any Governmental
Entity for additional information or documentation and (ii)&nbsp;not enter into any written agreement
with any Governmental Entity that would reasonably be expected to adversely affect the Parties&#146;
ability to consummate the transactions contemplated by this Agreement, except with the prior
consent of the other Parties (which shall not be unreasonably withheld or delayed).


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;The Parties shall promptly provide the other Parties with copies of all filings made with,
and inform one another of any communications received from, any Governmental Entity in connection
with this Agreement and the transactions contemplated hereby.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.3 <U>Access</U>. After the date hereof and prior to the Closing, Sellers agree that
HCE-Rockfort shall permit, and Sellers shall, and HCE shall cause HCE-Rockfort to, cause PPO to
permit and, with respect to the Power Company, HCE shall cause HCE-Rockfort to exercise the voting,
governance and contractual powers available to it to cause, to the extent possible, the Power
Company to permit (subject in each case to any contractual, fiduciary or similar obligation of
HCE-Rockfort or any Jamaica Subsidiary), Purchaser and its executive officers, managers, counsel,
accountants and other representatives to have reasonable access, upon reasonable advance notice,
during regular business hours, to the assets, employees, properties, books and records, businesses
and operations relating to HCE-Rockfort and the Jamaica Subsidiaries as Purchaser may reasonably
request, including cooperating with accounting personnel of Purchaser seeking to prepare U.S. GAAP
financial statements for PPO and the Power Company; <U>provided</U>, <U>however</U>, that in no
event shall Sellers, HCE-Rockfort or any Jamaica Subsidiary be obligated to provide any access or
information (i)&nbsp;if Sellers determines, in good faith after consultation with counsel, that
providing such access or information may violate applicable Law, cause Sellers, HCE-Rockfort or any
Jamaica Subsidiary to breach a confidentiality obligation to which it is bound, or jeopardize any
recognized privilege available to Sellers, HCE-Rockfort or any Jamaica Subsidiary; or (ii)&nbsp;to the
extent set forth on <U>Schedule&nbsp;5.3</U>. Purchaser agrees to indemnify and hold Sellers,
HCE-Rockfort and the Jamaica Subsidiaries harmless from any and all claims and liabilities,
including costs and expenses for loss, injury to or death of any representative of Purchaser and
any loss, damage to or destruction of any property owned by Sellers, HCE-Rockfort or the Jamaica
Subsidiaries or others (including claims or liabilities for loss of use of any property) resulting
directly or indirectly from the action or inaction of any of the employees, counsel, accountants,
advisors and other representatives of Purchaser during any visit to the business or property sites
of HCE-Rockfort or the Jamaica Subsidiaries prior to the Closing Date, whether pursuant to this
<U>Section&nbsp;5.3</U> or otherwise. During any visit to the business or property sites of
HCE-Rockfort or the Jamaica Subsidiaries, Purchaser shall, and shall cause its employees, counsel,
accountants, advisors and other representatives accessing such properties to, comply with all
applicable Laws and all of HCE-Rockfort&#146;s and the Jamaica Subsidiaries&#146; safety and security
procedures and conduct itself in a manner that could not be reasonably expected to interfere with
the operation, maintenance or repair of the assets of HCE-Rockfort or such Jamaica Subsidiary.
Neither Purchaser nor any of its representatives shall conduct any environmental testing or
sampling on any of the business or property sites of HCE-Rockfort or the Jamaica Subsidiaries prior
to the Closing Date. Each Party shall, and shall cause its Affiliates and representatives to, hold
in strict confidence all documents and information furnished to it by another Party in connection
with the transactions contemplated by this Agreement in accordance with the Confidentiality
Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.4 <U>Publicity</U>. Except as may be required by applicable Law or by obligations pursuant
to any listing agreement with or rules or regulations of any national securities exchange, prior to
the Closing none of Sellers, HCE-Rockfort, Purchaser or any of their respective Affiliates shall,
without the express written approval of Sellers, HCE-Rockfort and Purchaser, make any press release
or other public announcements concerning the transactions contemplated by this Agreement, except as
and to the extent that any such Party shall be so obligated by applicable Law or pursuant to any
such listing agreement or rules or regulations of any national securities exchange, in which case
the other Parties shall be advised and the Parties shall use reasonable efforts to cause a mutually
agreeable release or announcement to be issued; provided, however, that nothing contained herein
shall prohibit a Party from (i)&nbsp;disclosing the Transactions or the terms of this Agreement to any
of its Affiliates, executive officers, directors, employees, advisors, partners, shareholders,
agents, investors, lenders, rating agencies and attorneys who reasonably need to know the
information contained herein in accordance with the Confidentiality Agreement, (ii)&nbsp;if required by
applicable Law, filing a copy of this Agreement or a description of the Transactions with any
Governmental Entity having jurisdiction over the Parties or any of its respective activities or
(iii)&nbsp;taking any action permitted by the Confidentiality Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.5 <U>Tax Cooperation</U>. After the Closing Date, each of Sellers and Purchaser shall (and
shall cause their respective Affiliates to):


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;provide reasonable assistance in preparing any Tax Returns required to be filed with
respect to HCE-Rockfort, PPO or the Power Company under applicable Law;


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;cooperate fully in preparing for and defending any audits of, or disputes with taxing
authorities regarding, any Tax Returns of HCE-Rockfort or PPO;


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;make available to the others and to any taxing authority as reasonably requested all
information, records and documents relating to Taxes of HCE-Rockfort and PPO;


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;furnish the others with copies of all correspondence received from any taxing authority in
connection with any Tax audit or information request with respect to HCE-Rockfort or PPO; and


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;cooperate and consult with each other, including furnishing the others with copies of all
correspondence received from the applicable Governmental Entity, in connection with the assessment
of any stock transfer Tax, stamp Tax or other similar Tax imposed with respect to the transactions
contemplated by this Agreement (including, without limitation, in contesting the assessment
thereof).


<P align="left" style="font-size: 12pt; text-indent: 8%">5.6 <U>Employee Matters</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;For a period of twelve (12)&nbsp;months following the Closing Date, Purchaser shall cause the
employees of HCE-Rockfort or any Jamaica Subsidiary who remain in the employment of Parent,
Purchaser, HCE-Rockfort, their Subsidiaries or their respective successors (the &#147;<U>Continuing
Employees</U>&#148;) to receive compensation and employee benefits that in the aggregate are
substantially no less favorable than the compensation and employee benefits provided to such
employees immediately prior to the Closing. Nothing contained herein shall be construed as
requiring Parent, Purchaser, HCE-Rockfort or any Jamaica Subsidiary to continue or to cause the
continuance of any specific employee benefit plans or to continue or cause the continuance of the
employment of any specific person.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;With respect to each benefit plan of Parent, Purchaser or any of its respective
Subsidiaries in which a Continuing Employee participates after the Closing, for purposes of
determining eligibility, vesting and amount of benefits, including severance benefits and paid time
off entitlement (but not for pension benefit accrual purposes), Purchaser shall cause service with
HCE-Rockfort and the Jamaica Subsidiaries (or predecessor employers to the extent HCE-Rockfort or
any Jamaica Subsidiary provided past service credit) to be treated as service with Parent,
Purchaser and their respective Subsidiaries; <U>provided</U> that such service shall not be
recognized to the extent that such recognition would result in a duplication of benefits or to the
extent that such service was not recognized under an analogous Companies Plan.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;With respect to any welfare benefit plan maintained by any of Parent, Purchaser or its
respective Subsidiaries in which Continuing Employees are eligible to participate after the
Closing, Purchaser shall, and shall cause HCE-Rockfort and the Jamaica Subsidiaries to, (i)&nbsp;waive
all limitations as to preexisting conditions and exclusions with respect to participation and
coverage requirements applicable to such employees to the extent such conditions and exclusions
were satisfied or did not apply to such employees under the Companies Plans prior to the Closing
and (ii)&nbsp;provide each Continuing Employee with credit for any co-payments and deductibles paid
prior to the Closing in satisfying any analogous deductible or out of pocket requirements to the
extent applicable under any such plan.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.7 <U>Fees and Expenses</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;Except as provided in paragraph (b)&nbsp;below, whether or not the Closing occurs, all costs
and expenses incurred in connection with this Agreement and the transactions contemplated by this
Agreement (including, without limitation, any fees and expenses of investment bankers, brokers,
finders, counsel, advisors, experts or other agents, in each case, incident to or in connection
with the negotiation, preparation, execution, delivery and performance of this Agreement and the
consummation of the transactions contemplated hereby (whether payable prior to, at or after the
Closing Date)) shall be paid by the Party incurring such expense; <U>provided</U> that all such
costs and expenses incurred by HCE-Rockfort with respect to the transactions contemplated by this
Agreement on or prior to the Closing Date shall be paid by Sellers.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;Notwithstanding anything to the contrary set forth in this Agreement, Purchaser, on the
one hand, and Sellers, on the other hand, shall each pay (i)&nbsp;50% of any Tax (other than capital
gains Tax, withholding Tax and general income Tax, which shall be borne by the Party to which such
Tax is attributable by Law, and other than stock transfer Tax imposed by the GOJ, which shall be
borne exclusively by HCO-Jamaica) imposed with respect to the transactions contemplated by this
Agreement and (ii)&nbsp;any out-of-pocket fees, costs and expenses incurred in connection with obtaining
all Purchaser Required Statutory Approvals, Companies Required Statutory Approvals and Sellers
Required Statutory Approvals (other than the Parties&#146; legal fees and expenses which are the subject
of paragraph (a)&nbsp;above).


<P align="left" style="font-size: 12pt; text-indent: 8%">5.8 <U>Indemnification of Directors and Officers</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;<U>Indemnification</U>. From and after the Closing Date, Purchaser shall cause
HCE-Rockfort and each Jamaica Subsidiary, to the fullest extent permitted under applicable Law, to
indemnify and hold harmless (and advance funds in respect of each of the foregoing) each present
and former director or officer of HCE-Rockfort or a Jamaica Subsidiary (each, together with such
person&#146;s heirs, executors or administrators, an &#147;<U>Indemnified Person</U>&#148; and collectively, the
&#147;<U>Indemnified Persons</U>&#148;), against any costs or expenses (including advancing attorneys&#146; fees
and expenses in advance of the final disposition of any claim, suit, proceeding or investigation to
each Indemnified Person to the fullest extent permitted by Law), judgments, fines, losses, claims,
damages, liabilities and amounts paid in settlement in connection with any actual or threatened
claim, action, suit, proceeding or investigation, whether civil, criminal, administrative or
investigative (an &#147;<U>Action</U>&#148;), arising out of, relating to or in connection with any action
or omission by such Indemnified Person in his or her capacity as a director or officer of
HCE-Rockfort or a Jamaica Subsidiary occurring or alleged to have occurred on or before the Closing
Date (including acts or omissions in connection with such person&#146;s service as an officer, director
or other fiduciary in any entity if such service was at the request or for the benefit of
HCE-Rockfort or any Jamaica Subsidiary). In the event of any such Action, Purchaser shall
cooperate with the Indemnified Person in the defense of any such Action.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;<U>Survival of Indemnification</U>. To the fullest extent not prohibited by Law, from
and after the Closing Date, all rights to indemnification now existing in favor of the Indemnified
Persons with respect to their activities as such prior to, on or after the Closing Date, as
provided in HCE-Rockfort&#146;s and each Jamaica Subsidiary&#146;s respective Organizational Documents or
indemnification agreements in effect on the date of such activities or otherwise in effect on the
date hereof, shall survive the Closing and shall continue in full force and effect for a period of
not less than four (4)&nbsp;years from the Closing Date, <U>provided</U> that, in the event any claim
or claims are asserted or made within such survival period, all such rights to indemnification in
respect of any claim or claims shall continue until final disposition of such claim or claims.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;<U>Successors</U>. If, after the Closing Date, any of Parent or Purchaser or any of
their respective successors or assigns (i)&nbsp;consolidates with or merges into any other Person and
shall not be the continuing or surviving corporation or entity of such consolidation or merger or
(ii)&nbsp;transfers all or a substantial portion of its properties and assets to any Person, then, and
in either such case, proper provisions shall be made so that the successors and assigns of Parent
or Purchaser, as the case may be, shall assume the obligations set forth in this <U>Section
5.8</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;<U>Benefit</U>. The provisions of this <U>Section&nbsp;5.8</U> are intended to be for the
benefit of, and shall be enforceable by, each Indemnified Person, his or her heirs, executors or
administrators and his or her other representatives.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.9 <U>Affiliate Contracts</U>. Except as set forth on <U>Schedule&nbsp;5.9</U>, all Affiliate
Contracts, including any written agreements or understandings (written or oral) with respect
thereto, shall survive the Closing without any further action on the part of the parties thereto or
the Parties.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.10 <U>Further Assurances</U>. Each of Sellers and Purchaser agrees that, from time to time
before and after the Closing, they will execute and deliver, and prior to the Closing, Sellers and,
after the Closing, Purchaser shall cause PPO and, with respect to the Power Company, shall cause
HCE-Rockfort to exercise the voting, governance and contractual powers available to it to cause, to
the extent possible, the Power Company, to execute and deliver, or use reasonable efforts to cause
their other respective Affiliates to execute and deliver such further instruments, and take, or
cause their respective Affiliates to take, such other action, as may be reasonably necessary to
carry out the purposes and intents of this Agreement. Purchaser and Sellers agree to use
reasonable efforts to refrain from taking any action which could reasonably be expected to
materially delay the consummation of the Transactions.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.11 <U>Supplements to Disclosure Letters</U>. Sellers may, from time to time prior to the
Closing by written notice to Purchaser, supplement the Sellers Disclosure Letter or the Companies
Disclosure Letter or add a schedule or section to the Sellers Disclosure Letter or the Companies
Disclosure Letter with a corresponding reference to be added in this Agreement (such added schedule
to be deemed a supplement hereunder) to disclose any matter which, if occurring prior to the date
hereof, would have been required to be set forth or described on the Sellers Disclosure Letter or
the Companies Disclosure Letter or to correct any inaccuracy or breach in the representations and
warranties made by Sellers in this Agreement. Subject to this <U>Section&nbsp;5.11</U>, none of such
supplements to the Sellers Disclosure Letter or the Companies Disclosure Letter shall be deemed to
cure any breach or breaches of the representations and warranties to which such matters relate with
respect to satisfaction of the conditions set forth in <U>Section&nbsp;6.2(b)</U> or otherwise affect
any other term or condition contained in this Agreement; <U>provided</U>, <U>however</U>, that
unless Purchaser shall have delivered a Breach Notice contemplated by <U>Section&nbsp;7.1(e)</U> (to
the extent Purchaser is entitled to deliver such Breach Notice pursuant to the terms of this
Agreement) within ten (10)&nbsp;Business Days of the receipt by Purchaser of any supplement to the
Sellers Disclosure Letter or the Companies Disclosure Letter pursuant to this <U>Section&nbsp;5.11</U>,
then Purchaser shall have waived any and all rights to terminate this Agreement, pursuant to
<U>Section&nbsp;7.1(e)</U> or otherwise, arising out of or relating to the contents of such supplement
and the resulting breach or breaches of the representations and warranties and Purchaser shall be
deemed to have accepted the contents of such supplement for all purposes of this Agreement;
<U>provided</U>, <U>further</U>, that, from and after the Closing, Sellers shall have no
liability pursuant to this Agreement or for any matters arising out of or relating to any of the
matters disclosed on the Sellers Disclosure Letter or the Companies Disclosure Letter, as
supplemented or amended by Sellers, prior to the Closing.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.12 <U>Change of Name</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;Notwithstanding anything to the contrary contained herein, within twenty-five (25)
Business Days after the Closing Date, Purchaser shall have caused HCE-Rockfort Diesel, Inc. to be
renamed. On or after the Closing Date, Purchaser and its Affiliates shall not use existing or
develop new stationery, business cards and other similar items that bear the name or mark of
&#147;HCE-Rockfort Diesel, Inc.&#148; or any similar derivation thereof in connection with the businesses of
HCE-Rockfort or any Jamaica Subsidiary.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;The Parties acknowledge that any damage caused to Sellers or any of its respective
Affiliates by reason of the breach by Purchaser or any of its Affiliates of <U>Section
5.12(a)</U>, in each case would cause irreparable harm that could not be adequately compensated for
in monetary damages alone; therefore, each Party agrees that, in addition to any other remedies, at
law or otherwise; Sellers and any of their respective Affiliates shall be entitled to an injunction
issued by a court of competent jurisdiction restraining and enjoining any violation by Purchaser or
any of its Affiliates of <U>Section&nbsp;5.12(a)</U>, and Purchaser further agrees that it (x)&nbsp;will
stipulate to the fact that Sellers or any of their respective Affiliates, as applicable, have been
irreparably harmed by such violation and not oppose the granting of such injunctive relief and (y)
waive any requirement that Sellers post any bond or similar requirement in order for Sellers to
obtain the injunctive relief contemplated by this <U>Section&nbsp;5.12(b)</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.13 <U>Resignations of Certain Officers and Directors</U>. Sellers shall cause the
resignations or removals at the Closing Date of the officers and directors and other persons set
forth on <U>Schedule&nbsp;5.13</U> from their position as officer or director, or other management or
employment position, of HCE-Rockfort or the Jamaica Subsidiaries set forth opposite the name of
such officer, director or person on <U>Schedule&nbsp;5.13</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">5.14 <U>Tax Indemnity</U>. After the Closing, Sellers shall be liable for and pay, and
Sellers shall indemnify and hold harmless Purchaser and its Affiliates from and against, any and
all Damages due to any Taxes for which HCE-Rockfort may be liable as a result of having been a
member of any affiliated group filing a consolidated United States federal income Tax Return or any
non-United States combined or consolidated Tax Return, under Treasury Regulations Section&nbsp;1.1502-6,
as successor, by contract or otherwise. Except as set forth in <U>Schedule&nbsp;5.14</U>, Sellers
shall be liable for and pay, and Sellers shall indemnify and hold harmless Purchaser and its
Affiliates from and against, any and all Damages due to any Taxes imposed on or with respect to
HCE-Rockfort and PPO attributable to any taxable period ending on or before the Closing Date or the
pre-Closing Date portion of any taxable period that begins prior to and ends after the Closing
Date.


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">6.1 <U>Conditions to the Obligations of the Parties</U>. The obligations of the Parties to
effect the Closing shall be subject to the satisfaction or waiver (to the extent permitted by Law)
by Purchaser and Sellers, on or prior to the Closing Date, of each of the following conditions
precedent:


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;<U>Statutory Approvals</U>. The Sellers Required Statutory Approvals and the Purchaser
Required Statutory Approvals set forth on <U>Schedule&nbsp;6.1(a)</U> of the Sellers Disclosure
Schedules shall have been obtained at or prior to the Closing Date.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;<U>No Injunction</U>. No statute, rule or regulation shall have been enacted or
promulgated by any Governmental Entity which prohibits the consummation of the transactions
contemplated hereby and there shall be no order or injunction of a court of competent jurisdiction
in effect precluding or prohibiting the consummation of the transactions contemplated hereby;
<U>provided</U>, <U>however</U>, that should any such order or injunction be entered into or in
effect, the Parties shall use reasonable efforts to have any order or injunction vacated or lifted.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;<U>Power Purchase Agreement</U>. The Jamaica Public Service Company Limited shall not
have timely exercised or shall have waived its right of first refusal under the Power Purchase
Agreement in accordance with the terms and conditions thereof and, in the case of a waiver of such
right, on terms reasonably satisfactory to Sellers and Purchaser; <U>provided</U>, that if such
right is exercised but the GOJ refuses to approve the purchase of HCE-Rockfort&#146;s interest in the
Power Company by the Jamaica Public Service Company Limited, then such right shall be deemed not to
have been timely exercised. Purchaser shall have complied with all of the terms and conditions
under Section&nbsp;17.3.5 of the Power Purchase Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">6.2 <U>Conditions to the Obligations of Purchaser</U>. The obligations of Purchaser to
effect the Closing shall be subject to the satisfaction or waiver by Purchaser on or prior to the
Closing Date of each of the following conditions:


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;<U>Performance of Obligations of Sellers</U>. Each Seller shall have performed in all
material respects its respective agreements and covenants contained in or contemplated by this
Agreement which are required to be performed by it at or prior to the Closing.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;<U>Representations and Warranties</U>. The representations and warranties of Sellers set
forth in this Agreement shall be true and correct (i)&nbsp;on and as of the date hereof and (ii)&nbsp;on and
as of the Closing Date with the same effect as though such representations and warranties had been
made on and as of the Closing Date (except for representations and warranties that expressly speak
only as of a specific date or time which need only be true and correct as of such date or time)
except in each of cases (i)&nbsp;and (ii)&nbsp;for such failures of representations and warranties to be true
and correct (without giving effect to any materiality qualification or standard contained in any
such representations and warranties) that would not reasonably be expected to have, individually or
in the aggregate, a Companies Material Adverse Effect or a Sellers Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;<U>Officer&#146;s Certificate</U>. Purchaser shall have received a certificate from an
authorized officer of each Seller, dated as of the Closing Date, to the effect that the conditions
set forth in <U>Sections&nbsp;6.2(a)</U> and <U>6.2(b)</U> have been satisfied.


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;<U>Closing Deliverables</U>. Purchaser shall have received all documents and other items
required to be delivered by Sellers to Purchaser pursuant to <U>Section&nbsp;1.4</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;<U>Approvals</U>. The board of directors of CMS Energy Corporation shall have approved
the execution and delivery of the Securities Purchase Agreement dated as of May&nbsp;31, 2007 by and
among CMS International Ventures, L.L.C., CMS Capital L.L.C., CMS Gas Argentina Company, CMS
Enterprises Company, AEI Chile Holdings Ltd. and Ashmore Energy International.


<P align="left" style="font-size: 12pt; text-indent: 8%">6.3 <U>Conditions to the Obligations of Sellers</U>. The obligation of Sellers to effect the
Closing shall be subject to the satisfaction or waiver by Sellers on or prior to the Closing Date
of each of the following conditions:


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;<U>Performance of Obligations of Parent and Purchaser</U>. Each of Parent and Purchaser
shall have performed in all material respects its respective agreements and covenants contained in
or contemplated by this Agreement which are required to be performed by it at or prior to the
Closing.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;<U>Representations and Warranties</U>. The representations and warranties of Purchaser
set forth in this Agreement shall be true and correct (i)&nbsp;on and as of the date hereof and (ii)&nbsp;on
and as of the Closing Date with the same effect as though such representations and warranties had
been made on and as of the Closing Date (except for representations and warranties that expressly
speak only as of a specific date or time which need only be true and correct as of such date or
time) except in each of cases (i)&nbsp;and (ii)&nbsp;for such failures of representations and warranties to
be true and correct (without giving effect to any materiality qualification or standard contained
in any such representations and warranties) that would not reasonably be expected to have,
individually or in the aggregate, a Purchaser Material Adverse Effect.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;<U>Consents</U>. The Purchaser Required Consents, the failure of which to obtain would
reasonably be expected to have, individually or in the aggregate, a Purchaser Material Adverse
Effect, shall have been obtained. The Sellers Required Consents, the failure of which to obtain
would reasonably be expected to have, individually or in the aggregate, a Sellers Material Adverse
Effect, shall have been obtained. The Companies Required Consents, the failure of which to obtain
would reasonably be expected to have, individually or in the aggregate, a Companies Material
Adverse Effect or a Purchaser Material Adverse Effect, shall have been obtained.


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;<U>Officer&#146;s Certificate</U>. Sellers shall have received a certificate from an
authorized officer of Purchaser, dated as of the Closing Date, to the effect that the conditions
set forth in <U>Sections&nbsp;6.3(a)</U> and <U>6.3(b)</U> have been satisfied.


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;<U>Closing Deliverables</U>. Sellers shall have received all documents and other items
required to be delivered by Purchaser to Sellers pursuant to <U>Section&nbsp;1.4</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(f)&nbsp;<U>Approvals</U>. Sellers shall have received the corporate approvals of their
respective boards of directors for the execution and delivery of this Agreement and the performance
of their respective obligations hereunder.


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">7.1 <U>Termination</U>. This Agreement may be terminated at any time prior to the Closing
Date:


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;by the mutual written agreement of Parent, Purchaser and Sellers;


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;by Purchaser or Sellers, if (i)&nbsp;a statute, rule, regulation or executive order shall have
been enacted, entered or promulgated prohibiting the consummation of the transactions contemplated
hereby or (ii)&nbsp;an order, decree, ruling or injunction shall have been entered permanently
restraining, enjoining or otherwise prohibiting the consummation of the transactions contemplated
hereby, and such order, decree, ruling or injunction shall have become final and non-appealable and
the party seeking to terminate this Agreement pursuant to this <U>Section&nbsp;7.1(b)(ii)</U> shall
have used reasonable efforts to remove such order, decree, ruling or injunction;


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;by Purchaser, by written notice to Sellers, if the Closing Date shall not have occurred on
or before such date that is one hundred eighty (180)&nbsp;days following the date hereof (the
&#147;<U>Outside Date</U>&#148;); <U>provided</U>, <U>however</U>, that if, on or prior to the Outside
Date, the condition specified in <U>Section&nbsp;6.1(a)</U> has not been satisfied and such failure to
satisfy such condition, in Sellers&#146; reasonable determination, has not been the result of
Purchaser&#146;s failure to comply with its obligations under <U>Section&nbsp;5.2</U>, then the Outside Date
shall be extended automatically for an additional one hundred eighty (180)&nbsp;days (the &#147;<U>Extended
Outside Date</U>&#148;); <U>provided</U>, <U>further</U>, that the right to terminate this Agreement
under this <U>Section&nbsp;7.1(c)</U> shall not be available to Purchaser if its failure to fulfill any
obligation under this Agreement shall have caused or resulted in the failure of the Closing Date to
occur on or before such Extended Outside Date;


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;by Sellers, by written notice to Purchaser, if the Closing Date shall not have occurred on
or before such date that is ninety (90)&nbsp;days following the date hereof (the &#147;<U>Seller Termination
Date</U>&#148;); <U>provided</U>, <U>however</U>, that if on or prior to such date that is ninety (90)
days following the date hereof, the condition specified in <U>Section&nbsp;6.1(a)</U> has not been
satisfied and such failure to satisfy such condition has not been the result of Purchaser&#146;s failure
to comply with its obligation under <U>Section&nbsp;5.2</U>, then such date shall be extended for an
additional ninety (90)&nbsp;days; <U>provided</U>, <U>further</U>, that the right to terminate this
Agreement under this <U>Section&nbsp;7.1(d)</U> shall not be available to Sellers if it has failed to
fulfill any obligation of Sellers under this Agreement and such failure shall have caused or
resulted in the failure of the Closing Date to occur on or before such date;


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;by Purchaser, so long as Purchaser is not then in material breach of any of its
representations, warranties, covenants or agreements hereunder, by written notice to Sellers, if
there shall have been a material breach of any representation or warranty of Sellers, or a material
breach of any covenant or agreement of Sellers hereunder, which breaches would be reasonably
expected to have, individually or in the aggregate, a Companies Material Adverse Effect, and such
breach shall not have been remedied within thirty (30)&nbsp;days after receipt by Sellers of notice in
writing from Purchaser (a &#147;<U>Breach Notice</U>&#148;), specifying the nature of such breach and
requesting that it be remedied or Purchaser shall not have received adequate assurance of a cure of
such breach within such thirty-day period or Sellers shall not have made a capital contribution to
HCE-Rockfort in an amount equal to the expected damages, as reasonably estimated by the Parties,
from such breach, provided that Sellers shall have no obligation to make any such capital
contribution pursuant to this <U>Section&nbsp;7.1(e)</U>;


<P align="left" style="font-size: 12pt; text-indent: 8%">(f)&nbsp;by Sellers, so long as Sellers are not then in material breach of any of their
representations, warranties, covenants or agreements hereunder, by written notice to Purchaser, if
there shall have been a material breach of any representation or warranty, or a material breach of
any covenant or agreement of Purchaser hereunder, which breaches would reasonably be expected to
have, individually or in the aggregate, a Purchaser Material Adverse Effect, and such breach shall
not have been remedied within thirty (30)&nbsp;days after receipt by Purchaser of notice in writing from
Sellers, specifying the nature of such breach and requesting that it be remedied or Sellers shall
not have received adequate assurance of a cure of such breach within such thirty-day period; or


<P align="left" style="font-size: 12pt; text-indent: 8%">(g)&nbsp;by Purchaser or Sellers, if the board of directors of either Seller shall have failed, by
June&nbsp;4, 2007, to approve the execution and delivery of this Agreement by such Seller and the
performance of its respective obligations hereunder.


<P align="left" style="font-size: 12pt; text-indent: 8%">7.2 <U>Effect of Termination</U>. No termination of this Agreement pursuant to <U>Section
7.1</U> shall be effective until notice thereof is given to the non-terminating Parties specifying
the provision hereof pursuant to which such termination is made. Subject to <U>Section&nbsp;1.5</U>,
if validly terminated pursuant to <U>Section&nbsp;7.1</U>, this Agreement shall, subject to <U>Section
8.1</U>, become wholly void and of no further force and effect without liability to any Party or to
any Affiliate, or its respective members or shareholders, directors, officers, employees, agents,
advisors or representatives, and following such termination no Party shall have any liability under
this Agreement or relating to the transactions contemplated by this Agreement to any other Party;
<U>provided</U> that no such termination shall (i)&nbsp;relieve the Parties from liability for fraud or
any willful or intentional breach of any provision of this Agreement prior to such termination or
(ii)&nbsp;relieve Purchaser from any liability for any breach of Purchaser&#146;s representations or
warranties contained in <U>Section&nbsp;4.3</U> (whether or not such breach is fraudulent, willful or
intentional). If this Agreement is terminated as provided in <U>Section&nbsp;7.1</U>, Purchaser shall
redeliver to Sellers and will cause its agents to redeliver to Sellers all documents, workpapers
and other materials of Sellers, HCE-Rockfort and the Jamaica Subsidiaries relating to any of them
and the transactions contemplated hereby, whether obtained before or after the execution hereof,
and Purchaser shall comply with all of its obligations under the Confidentiality Agreement.


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



<P align="center" style="font-size: 12pt"><B>LIMITS OF LIABILITY; PARENT GUARANTEE</B>



<P align="left" style="font-size: 12pt; text-indent: 8%">8.1 <U>Non-Survival of Representations, Warranties, Covenants and Agreements</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;Except as expressly provided in <U>Section&nbsp;8.1(b)</U>, none of the representations,
warranties, covenants or agreements of Purchaser or Sellers in this Agreement shall survive the
Closing, and no claim of any sort or on any basis may be made by any Party in respect of any breach
of any such representation, warranty, covenant or agreement after the Closing, and no breach
thereof shall confer any right of rescission of this Agreement. Except in respect of the
representations, warranties, covenants and agreements referred to in <U>Section&nbsp;8.1(b)</U> that
survive the Closing and except as otherwise provided for in this Agreement, including <U>Sections
8.1(d)</U>, <U>8.1(e)</U> and <U>8.2</U>, the sole remedy that a Party may have for a breach of
any representation, warranty, covenant or agreement of Purchaser or Sellers in this Agreement shall
be to terminate this Agreement to the extent provided for under, and in accordance with the terms
of, this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;The representations, warranties, covenants or agreements of Purchaser and Sellers in this
Agreement shall survive as follows:



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(i)&nbsp;the representations and warranties of Sellers contained in <U>Sections
2.2</U> (<I>Title to Shares</I>) and <U>2.3(a)</U> (<I>Authority</I>) shall survive indefinitely;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(ii)&nbsp;the representations and warranties of Sellers contained in <U>Sections
3.1(a)</U> (<I>Organization and Qualification</I>) and <U>3.2(a)</U> (<I>HCE-Rockfort and
PPO</I>) shall survive until the date that is the second anniversary of the Closing
Date;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(iii)&nbsp;the representations and warranties of Sellers contained in <U>Sections
3.3</U> (<I>Financial Statements; Undisclosed Liabilities</I>), <U>3.5</U> (<I>Tax Matters</I>)
and <U>3.11</U> (<I>Contracts</I>) shall survive until the date that is twelve (12)&nbsp;months
following the Closing Date;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(iv)&nbsp;the representations and warranties of Purchaser contained in <U>Sections
4.2(a)</U> (<I>Authority</I>) and <U>4.8</U> (<I>No Knowledge of Sellers Breach</I>) shall
survive until the date that is the second anniversary of the Closing Date;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(v)&nbsp;the covenants and agreements of Purchaser and Sellers contained in
<U>Sections&nbsp;5.5</U> (<I>Tax Cooperation</I>), <U>5.6</U> (<I>Employee Matters</I>) and
<U>5.8</U> (<I>Indemnification of Directors and Officers</I>) shall survive in accordance
with their terms;



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(vi)&nbsp;the covenants and agreements of the Parties contained in <U>Sections
5.3</U> (<I>Access</I>), <U>5.7</U> (<I>Fees and Expenses</I>), <U>5.10</U> (<I>Further
Assurances</I>), <U>5.12</U> (<I>Change of Name</I>), <U>7.2</U> (<I>Effect of Termination</I>) and
<U>8.1</U> (<I>Non-Survival of Representations, Warranties, Covenants and Agreements</I>)
and <U>Article&nbsp;X</U> (<I>General Provisions</I>) shall survive indefinitely; and



<P align="left" style="margin-left:8%; font-size: 12pt; text-indent: 4%">(vii)&nbsp;the covenants and agreements of Parent contained in <U>Section&nbsp;8.2</U>
(<I>Parent Guarantee</I>) shall survive until the date that is twelve (12)&nbsp;months following
the Closing Date.



<P align="left" style="margin-left:4%; font-size: 12pt">No claim or cause of action arising out of the inaccuracy or breach of any representation,
warranty, covenant or agreement of Sellers or Purchaser may be made following the
termination of the applicable survival period referred to in this <U>Section&nbsp;8.1(b)</U>.
The Parties intend to shorten the statutory limitations and agree that, after the Closing
Date, with respect to Sellers and Purchaser, any claim or cause of action against any of the
Parties, or any of their respective directors, officers, employees, Affiliates, successors,
permitted assigns, advisors, agents, or representatives based upon, directly or indirectly,
any of the representations, warranties, covenants or agreements contained in this Agreement,
or any other written agreement, document or instrument to be executed and delivered in
connection with this Agreement, may be brought only as expressly provided in this
<U>Article&nbsp;VIII</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;The liability of any Party in respect of which a notice of claim is given under this
Agreement shall (if such claim has not been previously satisfied, settled or withdrawn) be
absolutely determined and any claim made therein be deemed to have been withdrawn (and no new claim
may be made in respect of the facts, event, matter or circumstance giving rise to such withdrawn
claim) unless an Action in respect of such claim in accordance with the terms contained herein
shall have been commenced within six (6)&nbsp;months of the date of service of such notice (or such
other period as may be agreed by the relevant Parties) and for this purpose Actions shall not be
deemed to have commenced unless they shall have been properly issued and validly served upon the
relevant Party.


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;No Party shall be entitled to recover damages for any breach of any representation or
warranty contained in this Agreement (excluding claims arising from fraud, or claims arising from
or related to a breach of any representation or warranty under <U>Section&nbsp;2.2</U>, <U>2.3(a)</U>
or <U>4.2(a)</U>), unless such damages exceed one percent (1%) of the Purchase Price (the
&#147;<U>Deductible</U>&#148;).


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;A Party shall be entitled to recover damages in excess of the Deductible for any breach of
any representation or warranty contained in this Agreement (excluding claims arising from fraud, or
claims arising from or related to a breach of any representation or warranty under <U>Section
2.2</U>, <U>2.3(a)</U> or <U>4.2(a)</U>, for which damages may be recovered in an amount not in
excess of the Purchase Price), but only in an amount not in excess of fifteen percent (15%) of the
Purchase Price.


<P align="left" style="font-size: 12pt; text-indent: 8%">8.2 <U>Parent Guarantee</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;For value received, Parent hereby fully, unconditionally and irrevocably guarantees to
Sellers (the &#147;<U>Parent Guarantee</U>&#148;) (x)&nbsp;the prompt and punctual payment of any amount
Purchaser is required to pay under this Agreement, when and as the same shall become due and
payable, subject as to such payment obligations to the terms and conditions of this Agreement,
including, without limitation, the payment of the Purchase Price as provided by <U>Article&nbsp;I</U>,
and (y)&nbsp;the prompt and full performance when due by Purchaser of its obligations under this
Agreement. Parent&#146;s guarantee obligations include the principal, interest, fines, fees, costs and
other amounts that may be due and payable by Purchaser under this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;The Parent Guarantee is a first demand guarantee and shall constitute an autonomous and
independent obligation of Parent not being ancillary to the obligations of Purchaser under this
Agreement. Parent hereby agrees to cause any such payment or performance to be made as if such
payment or payment were made by Purchaser.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;Parent hereby waives diligence, presentment, demand of payment, filing of claims with a
court in the event of a merger or bankruptcy of Purchaser, any right to require a proceeding first
against Purchaser, protest or notice with respect to any amount payable by Purchaser under this
Agreement and all demands whatsoever, and covenants that the Parent Guarantee will not be
discharged except by (i)&nbsp;termination of this Agreement according to its terms, (ii)&nbsp;payment in full
of all amounts due and payable under this Agreement or (iii)&nbsp;performance in full of all obligations
due under this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;The applicability of the Parent Guarantee shall not be affected or impaired by any of the
following: (i)&nbsp;any extension of time, forbearance or concession given to Purchaser; (ii)&nbsp;any
assertion of, or failure to assert, or delay in asserting, any right, power or remedy against
Purchaser; (iii)&nbsp;any amendment of the provisions of this Agreement; (iv)&nbsp;any failure of Purchaser
to comply with any requirement of any Law; (v)&nbsp;the dissolution, liquidation, reorganization or any
other alteration of the legal structure of Purchaser; (vi)&nbsp;any invalidity or unenforceability of
any provision of this Agreement; or (vii)&nbsp;any other circumstance (other than complete payment by
Purchaser or Parent) which might otherwise constitute a legal or equitable discharge or defense of
a surety or a guarantor.


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;Parent shall be subrogated to all rights of Purchaser against Sellers based on and to the
extent of any amounts paid to Sellers by Parent pursuant to the provisions of the Parent Guarantee.


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">9.1 <U>Defined Terms</U>. The following terms are defined in the corresponding Sections of
this Agreement:

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="72%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="23%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Defined Term</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Section Reference</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">Accounting Firm
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.6(d)</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">&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">Action
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;5.8(a)</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">&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">Affiliate Contracts
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.15</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">&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">Agreement
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Arbitration Expenses
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;10.9</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">&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">Balance Sheets
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.3(d)</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">&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">Breach Notice
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;7.1(e)</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">&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">Closing
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.3</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">&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">Closing Date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.3</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">&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">Closing Purchase Price
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.4(c)</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">&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">Companies Disclosure Letter
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Article&nbsp;III</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">&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">Companies Material Contracts
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.11(a)</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">&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">Companies Permits
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.9(a)</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">&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">Companies Plans
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.8(a)</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">&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">Companies Required Consents
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.1(b)</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">&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">Companies Required Statutory Approvals
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.1(c)</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">&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">Continuing Employees
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;5.6(a)</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">&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">Contracting Party
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.11(a)</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">&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">Deductible
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;8.1(d)</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">&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">Dispute
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;10.9</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">&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">Extended Outside Date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;7.1(c)</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">&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">Final PP Adjustment Amount
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.6(d)</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">&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">HCE
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">HCE-Rockfort
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">HCE-Rockfort Balance Sheet
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.3(a)</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">&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">HCE-Rockfort Financial Statements
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.3(a)</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">&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">HCE-Rockfort PPO Share
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">HCE-Rockfort Shares
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">HCE-Rockfort Transaction
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.1</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">&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">HCO-Jamaica
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">HCO-Jamaica PPO Share
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">ICC
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;10.9</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">&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">IFRS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.3(b)</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">&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">Indemnified Person
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;5.8(a)</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">&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">Indemnified Persons
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;5.8(a)</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">&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">Intellectual Property
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.14</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">&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">Jamaica Subsidiaries
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">Jamaica Subsidiary
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">Leased Real Property
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.10(a)</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">&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">Objection Notice
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.6(c)</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">&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">Outside Date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;7.1(c)</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">&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">Panel
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;10.9</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">&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">Parent
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Parent Guarantee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;8.2</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">&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">Parties
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Party
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Post-Closing PP Adjustment Amount
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.6(b)</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">&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">Post-Closing PP Adjustment Notice
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.6(b)</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">&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">Power Company
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">Power Company Balance Sheet
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.3(c)</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">&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">Power Company Financial Statements
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.3(c)</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">&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">PP Adjustment Amount
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.6(a)</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">&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">PPO
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">PPO Balance Sheet
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.3(b)</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">&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">PPO Financial Statements
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;3.3(b)</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">&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">PPO Shares
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">PPO Transaction
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.1</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">&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">Purchase Agreement Fee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.5</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">&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">Purchase Price
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.2</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">&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">Purchaser
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Purchaser Disclosure Letter
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Article&nbsp;IV</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">&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">Purchaser Required Consents
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;4.2(b)</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">&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">Purchaser Required Statutory Approvals
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;4.2(c)</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">&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">Rules
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;10.9</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">&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">Seller
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Sellers
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Preamble</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">&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">Sellers Disclosure Letter
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Article&nbsp;II</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">&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">Sellers Required Consents
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;2.3(b)</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">&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">Sellers Required Statutory Approvals
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;2.3(c)</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">&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">Seller Termination Date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;7.1(d)</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">&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">Shares
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Recitals</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">&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">Transactions
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;1.1</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">&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">Violation
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Section&nbsp;2.3(b)</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>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt; text-indent: 8%">9.2 <U>Definitions</U>. Except as otherwise expressly provided in this Agreement, or unless
the context otherwise requires, whenever used in this Agreement, the following terms will have the
meanings indicated below:



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Affiliate</U>&#148; means, with respect to any Person or group of Persons, a Person
that directly or indirectly through one or more intermediaries, controls, is controlled by,
or is under common control with such Person or group of Persons. &#147;<U>Control</U>&#148;
(including the terms &#147;controlled by&#148; and &#147;under common control with&#148;) means the possession,
directly or indirectly, of the power to direct or cause the direction of the management
policies of a Person, whether through the ownership of voting securities or other Equity
Interests, by contract or credit arrangement, as trustee or executor, or otherwise. Solely
for the purpose of the preceding sentence, a company is &#147;directly controlled&#148; by another
company or companies holding shares carrying the majority of votes exercisable at a general
meeting (or its equivalent) of the first mentioned company; and a particular company is
&#147;indirectly controlled&#148; by a company or companies (hereinafter called the &#147;parent company or
companies&#148;) if a series of companies can be specified, beginning with the parent company or
companies and ending with the particular company, so related that each company of the series
except the parent company or companies is directly controlled by one or more of the
preceding companies in the series.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Business Day</U>&#148; means a day other than a Saturday, a Sunday or any other day on
which banks are not required to be open or are authorized to close in New York, New York.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Companies Material Adverse Effect</U>&#148; means any material adverse effect on the
business, properties, financial condition or results of operations of HCE-Rockfort, PPO and
the Power Company taken as a whole; <U>provided</U>, <U>however</U>, that the term
&#147;<U>Companies Material Adverse Effect</U>&#148; shall not include effects that result from or
are consequences of (i)&nbsp;changes in financial, securities or currency markets, changes in
prevailing interest rates or foreign exchange rates, changes in general economic conditions,
changes in electricity, gas or other fuel supply and transmission and transportation
markets, including changes to market prices for electricity, steam, natural gas or other
commodities, or effects of weather or meteorological events, (ii)&nbsp;changes in Law, rule or
regulation of any Governmental Entity or changes in regulatory conditions in Jamaica or any
state or municipality in which HCE-Rockfort, PPO or the Power Company operates, in each
case, other than to the extent such conditions disproportionately adversely affect
HCE-Rockfort, PPO and the Power Company taken as a whole, (iii)&nbsp;events or changes that are
consequences of hostility, terrorist activity, acts of war or acts of public enemies, (iv)
changes in accounting standards, principles or interpretations, (v)&nbsp;the negotiation,
announcement, execution, delivery, consummation or pendency of this Agreement or the
transactions contemplated by this Agreement or any action by Seller or its Affiliates
contemplated by or required by this Agreement, or (vi)&nbsp;actions taken or not taken solely at
the request of Purchaser.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Confidentiality Agreement</U>&#148; means the Confidentiality Agreement, dated February
22, 2007, between AEI Global Services Ltd., an Affiliate of Parent, and J.P. Morgan
Securities Inc., on behalf of an Affiliate of HCE.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Consent</U>&#148; means any consent, approval, authorization, order, filing,
registration or qualification of, by or with any Person.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Damages</U>&#148; means Liabilities, demands, claims, suits, actions, or causes of
action, losses, costs, expenses, damages and judgments, whether or not resulting from third
party claims (including reasonable fees and expenses of attorneys and accountants).



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Environmental Law</U>&#148; means any Jamaican federal, state, or local Law relating to
(a)&nbsp;the treatment, disposal, emission, discharge, Release or threatened Release of Hazardous
Substances or (b)&nbsp;the preservation and protection of the environment (including natural
resources, air and surface or subsurface land or waters).



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Equity Interests</U>&#148; means shares of capital stock or other equity interests of
any Person, as the case may be.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Financing Facility</U>&#148; means an obligation of HCE-Rockfort or any Jamaica
Subsidiary for borrowed money.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>GOJ</U>&#148; means the Government of Jamaica.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>GOJ Agreement with Initial Members</U>&#148; means the Agreement with Initial Members
dated October&nbsp;10, 1994 among the GOJ, HCE-Rockfort, IEP Jamaica Investments I, L.L.C. and
USEC-Precursor, Inc., as amended, restated or supplemented from time to time.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Governmental Entity</U>&#148; means any federal, state, municipal or local governmental
or quasi-governmental or regulatory authority, agency, court, commission or other similar
entity in the United States or any non-U.S. jurisdiction, including, without limitation, the
GOJ.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Governmental Order</U>&#148; means any order, decree, ruling, injunction, judgment or
similar act of or by any Governmental Entity.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Hazardous Substance</U>&#148; means (a)&nbsp;any material, substance or waste (whether
liquid, gaseous or solid) that (i)&nbsp;requires removal, remediation or reporting under any
Environmental Law, or is listed, classified or regulated as a &#147;<U>hazardous waste</U>&#148; or
&#147;<U>hazardous substance</U>&#148; (or other similar term) pursuant to any applicable
Environmental Law or (ii)&nbsp;is regulated under applicable Environmental Laws as being, toxic,
explosive, corrosive, flammable, infectious, radioactive, carcinogenic, mutagenic or
otherwise hazardous, (b)&nbsp;any petroleum product or by-product, petroleum-derived substances
wastes or breakdown products, asbestos or polychlorinated biphenyls, and (c)&nbsp;any ash,
scrubber residue, boiler slag, coal combustion byproducts or waste and flue desulfurization.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Knowledge</U>&#148; when used with respect to: (i)&nbsp;Sellers, means the actual knowledge
of any fact, circumstance or condition of those officers of Sellers or its respective
Affiliates set forth on <U>Schedule&nbsp;9.2(a)</U> and to the extent set forth on <U>Schedule
9.2(a)</U>; and (ii)&nbsp;Purchaser, means the actual knowledge of any fact, circumstance or
condition of those officers of Parent, Purchaser or its respective Affiliates, as the case
may be, set forth on <U>Schedule&nbsp;9.2(b)</U> and to the extent set forth on <U>Schedule
9.2(b)</U>.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Law</U>&#148; means any law, statute, ordinance, regulation or rule of or by any
Governmental Entity or any arbitrator.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Liabilities</U>&#148; means any and all known liabilities or indebtedness of any nature
(whether direct or indirect, absolute or contingent, liquidated or unliquidated, due or to
become due, accrued or unaccrued, matured or unmatured, asserted or unasserted, determined
or determinable and whenever or however arising).



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Lien</U>&#148; means any lien, claim, security interest, encumbrance or other adverse
claim.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Members&#146; Agreement</U>&#148; means the Members&#146; Agreement dated as of October&nbsp;10, 1994
by and among the Power Company and certain members signatories thereto, as amended, restated
or supplemented from time to time.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>NIBJ</U>&#148; means the National Investment Bank of Jamaica Limited.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>NIBJ Agreement with Initial Members</U>&#148; means the Agreement with Initial Members
dated October&nbsp;10, 1994 among NIBJ, HCE-Rockfort, IEP Jamaica Investments I, L.L.C. and
USEC-Precursor, Inc., as amended, restated or supplemented from time to time.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Operating Contract</U>&#148; means any written agreement or contract providing for (i)
the purchase, sale, supply, transportation, disposal or distribution of electricity, fuel or
any byproduct from electricity generation and (ii)&nbsp;the operation and maintenance of any
assets of HCE-Rockfort.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Organizational Documents</U>&#148; means, with respect to any corporation, its articles
or certificate of incorporation, memorandum or articles of association and by-laws or
documents of similar substance; with respect to any limited liability company, its articles
or certificate of organization, formation or association and its operating agreement or
limited liability company agreement or documents of similar substance; with respect to any
limited partnership, its certificate of limited partnership and partnership agreement or
documents of similar substance; with respect to a Jamaican limited liability company, its
articles of association and memorandum of association; and with respect to any other entity,
documents of similar substance to any of the foregoing.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Permits</U>&#148; means all permits, licenses, franchises, registrations, variances,
authorizations, Consents, orders, certificates and approvals obtained from or otherwise made
available by any Governmental Entity or pursuant to any Law.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Permitted Liens</U>&#148; means (a)&nbsp;Liens for Taxes (i)&nbsp;not due and payable or (ii)
which are being contested in good faith by appropriate proceeding and for which adequate
reserves have been established, (b)&nbsp;Liens of warehousemen, mechanics and materialmen and
other similar statutory Liens incurred in the ordinary course of business, (c)&nbsp;any Liens
that do not materially detract from the value of any of the applicable property, rights or
assets of the businesses or materially interfere with the use thereof as currently used, (d)
zoning, entitlement, conservation, restriction or other land use or environmental regulation
by any Governmental Entity, (e)&nbsp;any Lien arising under (i)&nbsp;the Organizational Documents of
HCE-Rockfort and each Jamaica Subsidiary or (ii)&nbsp;any shareholders or similar agreement to
which of HCE-Rockfort or any Jamaica Subsidiary is a party or by which it is bound and (f)
any Lien in connection with or permitted by a Financing Facility or any refinancing thereof.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Person</U>&#148; means any natural person, firm, partnership, association, corporation,
company, joint venture, trust, business trust, Governmental Entity or other entity.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Power Purchase Agreement</U>&#148; means the Power Purchase Agreement dated as of
October&nbsp;10, 1994 between The Jamaica Public Service Company Limited and the Power Company,
as amended, restated or supplemented from time to time.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Purchaser Material Adverse Effect</U>&#148; means any material adverse effect on (a)
the business, assets, financial condition or results of operations of Parent, Purchaser and
their respective Subsidiaries taken as a whole or (b)&nbsp;the ability of each of Parent or
Purchaser to timely consummate the transactions contemplated by this Agreement or perform
its respective obligations hereunder.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Release</U>&#148; means the release, spill, emission, leaking, pumping, pouring,
emptying, escaping, dumping, injection, deposit, disposal, discharge, dispersal, leaching or
migrating of any Hazardous Substance into the environment.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Sellers Material Adverse Effect</U>&#148; means any material adverse effect on the
ability of HCE or HCO-Jamaica to consummate the transactions contemplated by this Agreement
or perform its respective obligations hereunder.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Specified Rate</U>&#148; means the interest rate published as the &#147;Money market, annual
yield&#148; in <I>The Wall Street Journal </I>determined as of the date the obligation to pay interest
arises or, if applicable, as of the first Business Day succeeding such date.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Subsidiary</U>&#148; means, with respect to any Person (for the purposes of this
definition, the &#147;parent&#148;), any other Person (other than a natural person), whether
incorporated or unincorporated, of which at least a majority of the securities or ownership
interests having by their terms ordinary voting power to elect a majority of the board of
directors or other persons performing similar functions is directly or indirectly owned or
controlled by the parent or by one or more of its Subsidiaries or by the parent and any one
or more of its Subsidiaries.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Tax</U>&#148; or &#147;<U>Taxes</U>&#148; means federal, state, local or foreign income, gross
receipts, property, sales, use, license, excise, environmental, stamp, franchise,
employment, payroll, withholding, alternative or add-on minimum, ad valorem, value added,
transfer or excise tax, or any other tax, custom, duty, governmental fee or other like
assessment or charge of any kind whatsoever, together with any interest or penalty, imposed
by any Governmental Entity.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>Tax Returns</U>&#148; means all tax returns, declarations, statements, reports,
schedules, forms and information returns and any amendments to any of the foregoing relating
to Taxes.



<P align="left" style="margin-left:4%; font-size: 12pt; text-indent: 4%">&#147;<U>U.S. GAAP</U>&#148; means United States generally accepted accounting principles.


<P align="left" style="font-size: 12pt; text-indent: 8%">9.3 <U>Interpretation</U>. In this Agreement, unless otherwise specified, the following
rules of interpretation apply:


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;references to Sections, Schedules, Sellers Disclosure Letter, Companies Disclosure Letter,
Purchaser Disclosure Letter, Exhibits and Parties are references to sections or sub-sections,
schedules in the Sellers Disclosure Letter, the Companies Disclosure Letter and the Purchaser
Disclosure Letter, as the case may be, the Sellers Disclosure Letter, the Companies Disclosure
Letter, the Purchaser Disclosure Letter, annexes and exhibits of, and parties to, as applicable,
this Agreement;


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;the section and other headings contained in this Agreement are for reference purposes only
and do not affect the meaning or interpretation of this Agreement;


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;words importing the singular include the plural and vice versa;


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;references to the word &#147;<U>including</U>&#148; do not imply any limitation;


<P align="left" style="font-size: 12pt; text-indent: 8%">(e)&nbsp;the words &#147;<U>hereof</U>&#148;, &#147;<U>herein</U>&#148; and &#147;<U>hereunder</U>&#148; and words of similar
import, when used in this Agreement, refer to this Agreement as a whole and not to any particular
provision of this Agreement;


<P align="left" style="font-size: 12pt; text-indent: 8%">(f)&nbsp;all accounting terms not otherwise defined herein have the meanings assigned thereto under
U.S. GAAP, unless the context suggests otherwise; and


<P align="left" style="font-size: 12pt; text-indent: 8%">(g)&nbsp;references to &#147;<U>US$</U>&#148; refer to U.S. dollars.


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



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



<P align="left" style="font-size: 12pt; text-indent: 8%">10.1 <U>Notices</U>. All notices, requests, demands, waivers and other communications
required or permitted to be given under this Agreement shall be in writing and shall be deemed to
have been duly given on if (a)&nbsp;delivered personally, (b)&nbsp;mailed by certified or registered mail
with postage prepaid, (c)&nbsp;sent by next-day or overnight mail or delivery, or (d)&nbsp;sent by fax or
telegram, as follows:


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;if to Purchaser,


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">AEI Central America Ltd.


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">c/o Ashmore Energy International


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">1221 Lamar, Suite&nbsp;800


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Houston, TX 77010


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: (713)&nbsp;345-5352


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: General Counsel


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">with a copy to:


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">King &#038; Spalding LLP


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">1100 Louisiana, Suite&nbsp;4000


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Houston, TX 77002


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: (713)&nbsp;751-3290


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: George Crady


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;if to Parent,


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Ashmore Energy International


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">1221 Lamar, Suite&nbsp;800


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Houston, TX 77010


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: (713)&nbsp;345-5352


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: Miguel A. Mendoza


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt; text-indent: 1%">with a copy to:


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">King &#038; Spalding LLP


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">1100 Louisiana, Suite&nbsp;4000


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Houston, TX 77002


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: (713)&nbsp;751-3290


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: George Crady


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;if to HCE,


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">HYDRA-CO Enterprises, Inc.


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">c/o CMS Enterprises Company


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">One Energy Plaza


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Jackson, MI 49201


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: (517)&nbsp;788-0121


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: President


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">with copies to:


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">HYDRA-CO Enterprises, Inc.


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">c/o CMS Enterprises Company


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">One Energy Plaza


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Jackson, MI 49201


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: (517)&nbsp;788-0121


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: General Counsel


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Sidley Austin LLP


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">One South Dearborn


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Chicago, IL 60603


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: (312)&nbsp;853-7036


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: Andrew H. Shaw


<P align="left" style="font-size: 12pt; text-indent: 8%">(d)&nbsp;if to HCO-Jamaica,


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">HCO-Jamaica, Inc.


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">c/o CMS Enterprises Company


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">One Energy Plaza


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Jackson, MI 49201


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: (517)&nbsp;788-0121


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: President


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">with copies to:


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">HCO-Jamaica, Inc.


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">c/o CMS Enterprises Company


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">One Energy Plaza


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Jackson, MI 49201


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: (517)&nbsp;788-0121


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: General Counsel


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Sidley Austin LLP


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">One South Dearborn


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Chicago, IL 60603


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Fax: (312)&nbsp;853-7036


<P align="left" style="margin-left:15%; margin-right:8%; font-size: 12pt">Attention: Andrew H. Shaw


<P align="left" style="font-size: 12pt">or, in each case, at such other address as may be specified in writing to the other Parties.


<P align="left" style="font-size: 12pt; text-indent: 4%">All such notices, requests, demands, waivers and other communications shall be deemed to have
been received, if by personal delivery, certified or registered mail or next-day or overnight mail
or delivery, on the day delivered or, if by fax or telegram, on the next Business Day following the
day on which such fax or telegram was sent, provided that a copy is also sent by certified or
registered mail.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.2 <U>Binding Effect</U>. This Agreement shall be binding upon and inure to the benefit of
the Parties and their respective heirs, successors and permitted assigns; <U>provided</U>,
<U>however</U>, that notwithstanding any other provision contained in this Agreement to the
contrary, the Parties acknowledge and agree that this Agreement (other than this proviso) shall be
binding, in full force and effect, and enforceable against each Party and its respective heirs,
successors and permitted assigns only on the condition that the execution and delivery of this
Agreement by Sellers, and the performance of their respective obligations hereunder, have been
approved by the board of directors of CMS Energy Corporation, and if such approval by the board of
directors of CMS Energy Corporation has not occurred on or before June&nbsp;4, 2007, this Agreement
shall be null and void and not be of any further force or effect as to or enforceable whatsoever
against any Party hereto.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.3 <U>Assignment; Successors; Third-Party Beneficiaries</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;This Agreement is not assignable by any Party without the prior written consent of all of
the other Parties and any attempt to assign this Agreement without such consent shall be void and
of no effect; <U>provided</U>, <U>however</U>, that Purchaser may assign its rights hereunder to
one or more of its Affiliates (upon prior written notice to Sellers), provided that Purchaser
remains irrevocably and unconditionally liable for all such rights and obligations;
<U>provided</U>, <U>further</U>, <U>however</U>, that no such assignment shall be permitted if
such assignment shall impair, delay or otherwise adversely affect the consummation of the
Transactions and the other transactions contemplated hereby.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;This Agreement shall inure to the benefit of, and be binding on and enforceable by and
against, the successors and permitted assigns of the respective Parties, whether or not so
expressed.


<P align="left" style="font-size: 12pt; text-indent: 8%">(c)&nbsp;This Agreement is intended for the benefit of the Parties hereto and does not grant any
rights to any third parties unless specifically stated herein.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.4 <U>Amendment; Waivers; etc</U>. No amendment, modification or discharge of this
Agreement, and no waiver under this Agreement, shall be valid or binding unless set forth in
writing and duly executed by the Party against whom enforcement of the amendment, modification,
discharge or waiver is sought. Any such waiver shall constitute a waiver only with respect to the
specific matter described in such writing and shall in no way impair the rights of the Party
granting such waiver in any other respect or at any other time. The waiver by any of the Parties
of a breach of or a default under any of the provisions of this Agreement, or any failure or delay
to exercise any right or privilege under this Agreement, shall not be construed as a waiver thereof
or otherwise affect any of such provisions, rights or privileges under this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.5 <U>Entire Agreement</U>.


<P align="left" style="font-size: 12pt; text-indent: 8%">(a)&nbsp;This Agreement (including the Exhibits and the Sellers Disclosure Letter, Companies
Disclosure Letter and Purchaser Disclosure Letter referred to in or delivered under this Agreement)
and the Confidentiality Agreement contains the entire agreement between the parties relating to the
subject matter of this Agreement to the exclusion of any terms implied by Law which may be excluded
by contract and supersedes all prior agreements and understandings, both written and oral, among
the Parties with respect to their subject matters. Each Party acknowledges that it has not been
induced to enter this Agreement by and, in agreeing to enter into this Agreement, it has not relied
on, any representations and warranties except as expressly stated or referred to in this Agreement.


<P align="left" style="font-size: 12pt; text-indent: 8%">(b)&nbsp;The liability of a Party shall be limited or excluded as set out in this Agreement if and
to the extent such limitations or exclusions apply, except for fraud.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.6 <U>Severability</U>. Any term or provision of this Agreement that is held by a court of
competent jurisdiction or other authority to be invalid, void or unenforceable in any situation in
any jurisdiction shall not affect the validity or enforceability of the remaining terms and
provisions hereof or the validity or enforceability of the offending term or provision in any other
situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction
or other authority declares that any term or provision hereof is invalid, void or unenforceable,
the Parties agree that the court making such determination, to the greatest extent legally
permissible, shall have the power to reduce the scope, duration, area or applicability of the term
or provision, to delete specific words or phrases, or to replace any invalid, void or unenforceable
term or provision with a term or provision that is valid and enforceable and that comes closest to
expressing the intention of the invalid or unenforceable term or provision.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.7 <U>Counterparts</U>. This Agreement may be executed and delivered (including via
facsimile) in several counterparts, each of which shall be deemed an original and all of which
shall together constitute one and the same instrument.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.8 <U>Governing Law</U>. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York without giving effect to any conflicts of law principles of
such State.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.9 <U>Arbitration</U>. Any dispute, action, claim or controversy of any kind related to,
arising from or in connection with this Agreement or the relationship of the parties under this
Agreement (the &#147;<U>Dispute</U>&#148;) whether based on contract, tort, common law, equity, statute,
regulation, order or any other source of law, shall be finally settled before the International
Chamber of Commerce (&#147;<U>ICC</U>&#148;) under the Rules of Arbitration (the &#147;<U>Rules</U>&#148;) of the ICC
by three (3)&nbsp;arbitrators designated by the Parties (the &#147;<U>Panel</U>&#148;). Sellers, on the one
hand, and Parent, on the other hand, shall each designate one arbitrator to serve on the Panel.
The third arbitrator shall be designated by the two arbitrators designated by such parties. If
either party fails to designate an arbitrator within thirty (30)&nbsp;days after the filing of the
Dispute with the ICC, such arbitrator shall be appointed in the manner prescribed by the Rules. An
arbitration proceeding hereunder shall be conducted in New York, New York, and shall be conducted
in the English language. The decision or award of the Panel shall be in writing and shall be final
and binding on the Parties. The Panel shall award the prevailing party all fees and expenses
incurred in connection with the arbitration, including, without limitation, attorneys&#146; fees and
costs, arbitration administrative fees charged by the ICC, Panel member fees and costs, and any
other costs associated with the arbitration (the &#147;<U>Arbitration Expenses</U>&#148;); <U>provided</U>,
<U>however</U>, that if the claims or defenses are granted in part and rejected in part, the Panel
shall proportionately allocate between Sellers, on the one hand, and Purchaser, on the other hand,
the Arbitration Expenses in accordance with the outcomes. The Panel may only award damages as
provided for under the terms of this Agreement and in no event may punitive, consequential and/or
special damages be awarded. In the event of any conflict between the Rules and any provision
hereof, this Agreement shall govern.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.10 <U>Limitation on Damages</U>. No Party shall, under any circumstance, have any
liability to any other Party for any special, indirect, consequential or punitive damages claimed
by such other Party under the terms of or due to any breach or non-performance of this Agreement,
including lost profits, loss of revenue or income, cost of capital, or loss of business reputation
or opportunity.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.11 <U>Enforcement</U>. The Parties agree that irreparable damage would occur in the event
that any of the provisions of this Agreement were not to be performed in accordance with the terms
hereof and that the Parties shall be entitled to specific performance of the terms hereof in
addition to any other remedies at law or in equity.


<P align="left" style="font-size: 12pt; text-indent: 8%">10.12 <U>No Right of Set-Off</U>. Purchaser, for itself and its successors and permitted
assigns, hereby unconditionally and irrevocably waives any rights of set-off, netting, offset,
recoupment, or similar rights that such Purchaser or any of its successors and permitted assigns
has or may have with respect to the payment of the Purchase Price or any other payments to be made
by Purchaser pursuant to this Agreement or any other document or instrument delivered by Purchaser
in connection herewith.


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<P align="center" style="font-size: 10pt; display: none; text-indent: 4%">4
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<P align="left" style="font-size: 12pt">IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date first
above written.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD colspan="3" valign="top" align="left">HYDRA-CO ENTERPRISES, INC.<BR></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">&nbsp;</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">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">_/s/Thomas L. Miller
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;<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">Name:<BR>
Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Thomas L. Miller<BR>
Vice President</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

<DIV align="center">
<TABLE style="font-size: pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="-5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="-5%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">HCO-JAMAICA, INC.</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">By:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">_/s/ Sharon A. McIlnay</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Name: Sharon A. McIlnay</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Title: Vice President and General Counsel</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<!-- End Table Body -->
</TABLE>
</CENTER>

<DIV align="center">
<TABLE style="font-size: pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="-5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="-5%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">AEI CENTRAL AMERICA LTD.</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">By:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">_/s/ Miguel A. Mendoza</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Name: Miguel A. Mendoza</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Title: Authorized Representative</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<!-- End Table Body -->
</TABLE>
</CENTER>

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

ASHMORE ENERGY INTERNATIONAL                                                    }
(solely for the limited purposes of Section 8.2)                                }

By:                         __/s/ Miguel A. Mendoza                             }

                            Name:                       Miguel A. Mendoza
                            Title:                      Authorized Representative
ASHMORE ENERGY INTERNATIONAL</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="5" style="border-bottom: 1px solid #000000">(solely for the limited purposes of Section 8.2)</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">By:</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">__/s/ Miguel A. Mendoza</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Name: Miguel A. Mendoza</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Title: Authorized Representative</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<!-- End Table Body -->
</TABLE>
</CENTER>



<P align="center" style="font-size: 10pt; display: none">6


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