<SEC-DOCUMENT>0001108426-19-000028.txt : 20190502
<SEC-HEADER>0001108426-19-000028.hdr.sgml : 20190502
<ACCEPTANCE-DATETIME>20190501184647
ACCESSION NUMBER:		0001108426-19-000028
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190501
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20190502
DATE AS OF CHANGE:		20190501

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PNM RESOURCES INC
		CENTRAL INDEX KEY:			0001108426
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				850019030
		STATE OF INCORPORATION:			NM
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32462
		FILM NUMBER:		19789178

	BUSINESS ADDRESS:	
		STREET 1:		414 SILVER AVE. SW
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87102-3289
		BUSINESS PHONE:		5052412700

	MAIL ADDRESS:	
		STREET 1:		414 SILVER AVE. SW
		STREET 2:		ATTN: MS 0905 - CATHY MARTINEZ
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87102-3289

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MANZANO CORP
		DATE OF NAME CHANGE:	20000303

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUBLIC SERVICE CO OF NEW MEXICO
		CENTRAL INDEX KEY:			0000081023
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				850019030
		STATE OF INCORPORATION:			NM
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06986
		FILM NUMBER:		19789177

	BUSINESS ADDRESS:	
		STREET 1:		414 SILVER AVE. SW
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87102-3289
		BUSINESS PHONE:		5058482700

	MAIL ADDRESS:	
		STREET 1:		414 SILVER AVE. SW
		CITY:			ALBUQUERQUE
		STATE:			NM
		ZIP:			87102-3289
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a05012019pnm8-k.htm
<DESCRIPTION>05012019 PNM 8-K
<TEXT>
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<div><a name="s1AE3A6287893416A926E701DF5B78E6F"></a></div><div></div><div><br></div><div style="line-height:120%;padding-left:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:96.23015873015873%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:14%;"></td><td style="width:3%;"></td><td style="width:41%;"></td><td style="width:16%;"></td><td style="width:2%;"></td><td style="width:2%;"></td><td style="width:18%;"></td><td style="width:4%;"></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">UNITED STATES</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Washington, D.C. 20549</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FORM 8-K</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CURRENT REPORT</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PURSUANT TO SECTION 13 OR 15(d) OF THE</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SECURITIES EXCHANGE ACT OF 1934</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date of Report (Date of earliest event reported)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">May 1, 2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(May 1, 2019)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="8" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="8" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commission</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Name of Registrants, State of Incorporation,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">I.R.S. Employer</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">File Number</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Address of Principle Executive Offices and Telephone Number</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Identification No.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">001-32462</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM Resources, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85-0468296</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(A New Mexico Corporation)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">414 Silver Ave. SW</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Albuquerque, New Mexico 87102-3289</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(505) 241-2700</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" 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(the &#8220;Company&#8221;), the New Mexico Renewable Energy Transmission Authority (&#8220;RETA&#8221;), and Western Spirit Transmission LLC, (&#8220;Western Spirit&#8221;, and together with RETA, the &#8220;Sellers&#8221;), entered into a Build Transfer Agreement (the &#8220;BTA&#8221;), for the purchase by PNM of an approximately 165 mile 345 kV transmission line and associated facilities (the &#8220;Project&#8221;) to be developed and constructed by Sellers.  The purchase price for the Project is equal to the sum of the aggregate amount of the Project costs, subject to certain adjustments, up to a maximum of $400 million dollars.  RETA is a New Mexico state authority.  Western Spirit is an affiliate of Pattern Energy Group 2 LP (&#8220;Pattern Development&#8221;).  </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The BTA contains a number of customary representations and warranties and indemnification provisions as well as closing conditions, including regulatory and third-party approvals.  The parties may terminate each of the agreements under certain circumstances.&#160;&#160;The purchase of the Project is subject to, among other conditions, receiving approval from Federal Energy Regulatory Commission (&#8220;FERC&#8221;), the New Mexico Public Regulation Commission, and, if necessary, anti-trust review under the Hart-Scott-Rodino Act.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PNM also has entered into Transmission Service Agreements (&#8220;TSAs&#8221;) and other ancillary agreements with Pattern Wind New Mexico Wind, LLC (&#8220;Pattern Wind&#8221;), an affiliate of Western Spirit and Pattern Development seeking firm transmission service for wind facilities it is developing.  The TSAs are entered into pursuant to PNM&#8217;s FERC Open Access Transmission Tariff, and, along with certain ancillary agreements, set forth PNM&#8217;s obligations for providing transmission service to Pattern Wind.  PNM will file for a new incremental FERC transmission tariff rate for transmission service that will provide for recovery of the revenue requirement for the Project and certain PNM built facilities with an estimated total cost of approximately $360 million.  The tariff also reflects customer self-funding of up to $75 million provided by Pattern Wind, for a net investment of $285 million.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The above descriptions of the BTA is not complete and is qualified in its entirety by reference to the entire BTA, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Statements made in this Current Report on Form 8-K that relate to future events or PNMR&#8217;s or PNM&#8217;s expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995.  Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. Neither PNMR nor PNM assumes any obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, PNMR and PNM caution readers not to place undue reliance on these statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see PNMR&#8217;s and PNM&#8217;s Annual Report on Form 10-K for the year ended December 31, 2018, and Quarterly Reports on Form 10-Q filings filed with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit Number&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Description</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:144px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:4px;"><font style="font-family:inherit;font-size:10pt;">10.1</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="a05012019pnm8-kex101.htm"><font style="font-family:inherit;font-size:10pt;">Build Transfer Agreement, dated as of May 1, 2019, among Public Service Company of New Mexico, New Mexico Renewable Energy Transmission Authority and Western Spirit Transmission LLC*</font></a></div></td></tr></table><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">___________</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">* Pursuant to Release No. 33-10618, the Registrant has omitted the schedules and exhibits to this Agreement because such schedules and exhibits are not material.  If requested by the Commission or its Staff, the Registrant will provide an unredacted copy of this Exhibit on a supplemental basis.</font></div><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div></div><hr style="page-break-after:always"><div><a name="s31B76F9DF8CD84147067701DF62AB2C6"></a></div><div></div><div><br></div><div style="line-height:144%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">SIGNATURE</font></div><div style="line-height:144%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:144%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.</font></div><div style="line-height:120%;padding-left:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:91.66666666666666%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:39%;"></td><td style="width:61%;"></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PNM RESOURCES, INC.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Registrants)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date: </font><font style="font-family:inherit;font-size:10pt;">May 1, 2019</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Joseph D. Tarry</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Joseph D. Tarry</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vice President, Controller and Treasurer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Officer duly authorized to sign this report)</font></div></td></tr></table></div></div><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div><br></div><div></div>	</body>
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a05012019pnm8-kex101.htm
<DESCRIPTION>EXHIBIT 10.1
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<div><a name="s62F84CA74607F0DE1F517022E2A59691"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:138%;padding-bottom:13px;padding-top:32px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:138%;padding-bottom:13px;padding-top:32px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:138%;padding-bottom:13px;padding-top:32px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:138%;padding-bottom:13px;padding-top:32px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:138%;padding-bottom:13px;padding-top:32px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">BUILD TRANSFER AGREEMENT</font></div><div style="line-height:138%;padding-bottom:13px;padding-top:48px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">BY AND AMONG</font></div><div style="line-height:138%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NEW MEXICO RENEWABLE ENERGY TRANSMISSION AUTHORITY, </font></div><div style="line-height:138%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WESTERN SPIRIT TRANSMISSION LLC</font></div><div style="line-height:138%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AND</font></div><div style="line-height:138%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO</font></div><div style="line-height:138%;padding-bottom:13px;padding-top:96px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">DATED AS OF MAY 1, 2019</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:100%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:8pt;">37528802</font><font style="font-family:inherit;font-size:12pt;">&#32;</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;">243910.33A-HOUSR01A - MSW</font></div></div><hr style="page-break-after:always"><div><a name="s8324407520B4A8D1585F7022E2C7D073"></a></div><div></div><div><br></div><div style="line-height:138%;padding-bottom:13px;padding-top:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Table of Contents</font></div><div style="line-height:138%;padding-bottom:13px;padding-top:16px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Page</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARTICLE I</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">DEVELOPMENT AND CONSTRUCTION OF PROJECT</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 1.1</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WST Seller's Development Obligations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 1.2</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Project Milestones; Corrective Action Plans</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 1.3</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Force Majeure; Buyer-Caused Delays</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 1.4</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reporting; Certain Deliverables; Coordination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 1.5</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Development Completion Acknowledgement</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARTICLE II</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">PURCHASE AND SALE OF ASSETS; ASSUMPTION OF LIABILITIES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2.1</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Purchase and Sale of the Project Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2.2</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Excluded Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2.3</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assumed Liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2.4</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Excluded Liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2.5</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Purchase Price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2.6</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Allocation of Purchase Price; Proration</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2.7</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Withholding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2.8</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Closing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2.9</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Sellers' Deliverables</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2.10</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buyer's Deliverables</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARTICLE III</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">REPREENTATIONS AND WARRANTIES RELATING TP WST SELLER, THE PROJECT ASSETS AND REAL PROPERTY</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.1</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Organization and Existence</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.2</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Authorization</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.3</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Noncontravention</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.4</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Governmental Approvals</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.5</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Absence of Certain Changes or Events</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.6</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Legal Proceedings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.7</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Compliance with Laws; Permits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.8</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Title to Project Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.9</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assigned Contracts, Master Lease Agreement</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.10</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Real Property</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.11</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Environmental Matters</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.12</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.13</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Intellectual Property</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ii</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.14</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Credit Support</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.15</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Affiliate Arrangements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.16</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Brokers</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.17</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Insurance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.18</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Data Room</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.19</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Eminent Domain Property</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.20</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Eminent Domain License</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">27</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3.21</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No Other Representations or Warranties</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARTICLE IV</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">REPRESENTATION AND WARRANTIES RELATING TO RETA SELLER</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 4.1</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Organization and Existence</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 4.2</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Authorization</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 4.3</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Noncontravention</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 4.4</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Governmental Approvals</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 4.5</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Legal Proceedings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 4.6</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Compliance with Laws</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 4.7</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Brokers</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 4.8</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No Other Representations or Warranties</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARTICLE V</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">REPRESENTATION AND WARRANTIES OF BUYER</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 5.1</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Organization and Existence</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 5.2</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Authorization</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 5.3</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Noncontravention</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 5.4</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Governmental Approvals</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 5.5</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Compliance with Laws</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 5.6</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Legal Proceedings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 5.7</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Brokers</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 5.8</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Available Funds</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 5.9</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buyer Ownership, Operations and Maintenance Permits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 5.10</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Information</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARTICLE VI</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">COVENANTS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.1</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Access to Information and Ongoing Diligence</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.2</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Conduct of Business Pending the Closing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.3</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assigned Contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.4</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Permits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.5</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Publicity; Confidentiality</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.6</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Regulatory Approvals</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">iii</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.7</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Risk of Loss</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.8</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Transfer Taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">41</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.9</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Proration of Straddle Period Taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.10</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Updates to Disclosure Letters</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.11</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financing; Cooperation</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.12</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Title Report, Title Insurance Commitment and Title Insurance Policy Matters</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">44</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.13</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Credit Support</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.14</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Books and Records</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.15</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As-Built Drawings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.16</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Transmission Service Arrangements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.17</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Removal of Logos and Signs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.18</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Further Actions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.19</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Efforts to Close</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.20</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RETA Eminent Domain Proceedings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 6.21</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Transition; Final Completion</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">47</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARTICLE VII</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 7.1</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buyer Conditions Precedent to Closing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">48</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARTICLE VIII</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 8.1</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WST Seller Closing Conditions Precedent</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 8.2</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RETA Seller Closing Conditions Precedent</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARTICLE IX</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">TERMINATION</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 9.1</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Termination Prior to the Closing Date</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 9.2</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Procedure and Effect of Termination</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 9.3</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contractual Liability of RETA Seller</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARTICLE X</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">SURVIVAL; INDEMNIFICATION</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 10.1</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nature and Survival of Representations and Agreements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 10.2</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indemnification</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 10.3</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Payments of Indemnifiable Amounts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 10.4</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">General Procedures for Indemnity Obligation</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 10.5</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mitigation and Limitations on Claims</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 10.6</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Specific Performance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">iv</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 10.7</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exclusive Remedies</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 10.8</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Subrogation of Claims Against Third Parties</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 10.9</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New Mexico Specific Provisions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ARTICLE XI</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">GENERAL PROVISIONS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:15%;"></td><td style="width:81%;"></td><td style="width:3%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.1</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Notices</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.2</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No Third Party Beneficiaries</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.3</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amendment and Waiver</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.4</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Binding Nature; Assignment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.5</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">GOVERNING LAW</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.6</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Jurisdiction; Service of Process</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.7</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Counterparts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.8</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Headings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.9</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Severability</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.10</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Entire Agreement</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.11</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bulk Sales</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.12</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.13</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Further Assurances</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.14</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WAIVER OF JURY TRIAL</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 11.15</font></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Defined Terms; Rules of Construction</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">v</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:138%;padding-bottom:13px;padding-top:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ANNEXES</font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:19%;"></td><td style="width:81%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Definitions</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 2</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Project Scope and Specifications</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 3</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Project Site</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 4</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Form of Monthly Development and Construction Report</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 5</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Form of Bill of Sale and Assignment</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 6</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Form of Non-State Lands Real Property Assignment Agreement</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 7</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Form of State Lands Assignment Agreement</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 8A</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Form of WST Seller FIRPTA Certificate</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 8B</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Form of RETA Seller FIRPTA Certificate</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 9</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Form of Development Completion Acknowledgement</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 10</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Form of Commercial Operation Date Certificate</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 11</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Key EPC Contract Terms</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 12</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Project Schedule and Project Milestones</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 13</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Project Costs</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 14</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Material Completion Certificates</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 15</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Pre-Approved Real Property Agreements</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 16A</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Form of Special Warranty Deed</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 16B</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Form of Quitclaim Deed</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Annex 17</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Form of Eminent Domain License</font></div></td></tr></table></div></div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">vi</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sA063A525A096B8070F7D7022E2F6D8AA"></a></div><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">BUILD TRANSFER AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">BUILD TRANSFER AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">&#32;(this &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), dated as of May&#160;1,&#160;2019 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Execution Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;), is made and entered into by and among </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NEW MEXICO RENEWABLE ENERGY TRANSMISSION AUTHORITY</font><font style="font-family:inherit;font-size:12pt;">, a public body of the State of New Mexico, politic and corporate, separate and apart from the state, constituting a governmental instrumentality for the performance of essential public functions (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Seller</font><font style="font-family:inherit;font-size:12pt;">&#8221;), </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WESTERN SPIRIT TRANSMISSION LLC</font><font style="font-family:inherit;font-size:12pt;">, a Delaware limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">WST Seller</font><font style="font-family:inherit;font-size:12pt;">&#8221;, and together with RETA Seller, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sellers</font><font style="font-family:inherit;font-size:12pt;">&#8221;, and each, a &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Seller</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PUBLIC SERVICE COMPANY OF NEW MEXICO</font><font style="font-family:inherit;font-size:12pt;">, a New Mexico corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">RECITALS</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, as of the Execution Date, RETA Seller and WST Seller, as lessee of RETA Seller, are developing an approximately one hundred sixty-five (165) mile 345 kV transmission line, (a) commencing in Santa Fe County, routed south from Buyer&#8217;s existing Clines Corners Switching Station through Torrance, Socorro, Valencia and Bernalillo Counties, New Mexico, to (i) an interconnection point in Torrance County, which will be at a new 345 kV switching station, which will be built by WST Seller and known as the Western Spirit Switchyard, interconnecting the transmission line and wind generation project(s) and (ii) an interconnection point at Buyer&#8217;s new Pajarito Switching Station in Bernalillo County, interconnecting the transmission line to Buyer&#8217;s West Mesa-Sandia 345 kV line, which will be built by Buyer pursuant to the Wires-to-Wires Agreement and is expressly excluded from the definition of &#8220;Project&#8221; (as is the Pajarito Switching Station, for the avoidance of doubt) and (b) which will include a mid-point series compensation station to be built in Socorro County and known as the Abo Station, which will be built by WST Seller (the foregoing (except as set forth above), collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Project</font><font style="font-family:inherit;font-size:12pt;">&#8221;, as further described on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 2</font><font style="font-family:inherit;font-size:12pt;">); and</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:12pt;">, on the Closing Date, each Seller desires to sell, and Buyer desires to purchase, the Project and the other Project Assets owned by such Seller, and Buyer desires to assume, and each Seller desires to assign, the Assumed Liabilities held by such Seller, in each case on the terms and subject to the conditions set forth herein.  </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW, THEREFORE,</font><font style="font-family:inherit;font-size:12pt;">&#32;in consideration of the mutual agreements, covenants, representations and warranties set forth herein, and intending to be legally bound hereby, the Parties agree as follows:</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ARTICLE I</font><font style="font-family:inherit;font-size:10pt;">&#32;<br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">DEVELOPMENT AND CONSTRUCTION OF PROJECT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">WST Seller&#8217;s Development Obligations</font><font style="font-family:inherit;font-size:12pt;">.  As between Buyer and WST Seller, prior to the Closing Date, WST Seller shall be solely responsible for, and Buyer shall have no obligation or liability or responsibility for costs and expenses with respect to, the development, construction, financing, energization and testing of the Project.  WST Seller shall use commercially reasonable efforts to perform or provide, or cause to be performed or provided, all  necessary  work  and  services  required  in connection with the development (which for the</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">avoidance of doubt includes permitting), construction, financing, energization and testing of the Project through the Closing Date and Buyer shall not have responsibility for such work and services prior to the Closing Date.  All such work and services performed by WST Seller shall be performed in accordance with Prudent Utility Practice, the Specifications, the Master Lease Agreement, applicable conditions of the NMPRC Approval and FERC Approvals (including any conditions of the NMPRC Approval or FERC Approvals with respect to timing of construction, interconnection, the specifications of the as-built Project, the Project Site and the prudency of Project Costs) and otherwise in accordance with this Agreement and all applicable Laws and Permits.</font></div><div style="line-height:120%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 1.2&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Project Milestones; Corrective Action Plans</font><font style="font-family:inherit;font-size:11.9pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(a)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Project Milestones</font><font style="font-family:inherit;font-size:11.9pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(i)&#160;&#160;&#160;&#160;WST Seller shall use commercially reasonable efforts to (x) cause the development, construction, energization and testing of the Project to meet each Project Milestone set forth on the Project Schedule on or prior to the date corresponding thereto on the Project Schedule and (y) cause the EPC Contractors to perform the work pursuant to the applicable EPC Contract in accordance with a schedule that allows the Project Milestones to be achieved in accordance with the Project Schedule.  WST Seller shall deliver written notice to Buyer promptly following the date on which any Project Milestone for which WST Seller is responsible has been achieved, together with reasonable supporting evidence thereof.  </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(ii)&#160;&#160;&#160;&#160;Buyer shall deliver written notice to WST Seller within ten (10) Business Days following Buyer&#8217;s receipt of WST Seller&#8217;s notification of proposed Project Milestone achievement which shall confirm or reject the achievement of the applicable Project Milestone and which in the case of a rejection shall contain reasonable supporting evidence thereof.  Buyer shall be deemed to confirm any Project Milestone if it does not send any such written notice within such ten (10) Business Day period.  </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.8pt;">(iii)&#160;&#160;&#160;&#160;Within ten (10) Business Days following receipt of any such written notice from Buyer that rejects a Project Milestone identified in </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Annex 12</font><font style="font-family:inherit;font-size:11.8pt;">&#32;as reviewable by the Independent Engineer, WST Seller shall submit its original written notice and Buyer&#8217;s written rejection, along with all reasonable supporting evidence, to the Independent Engineer.  The Independent Engineer shall, at the sole cost and expense of WST Seller, review the notices and evidence and determine, based on its professional judgement and all relevant facts (including any facts included by Buyer in its written rejection), whether the applicable Project Milestone has been achieved.  Such determination by the Independent Engineer shall be deemed to be agreed to by the Parties and shall become final and binding upon the Parties for all purposes hereunder (with respect to the facts and circumstances at the time of such determination), subject to the exception in </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 1.2(a)(iv)</font><font style="font-family:inherit;font-size:11.8pt;">&#32;for the determination regarding whether the conditions set forth in </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">clause (a)</font><font style="font-family:inherit;font-size:11.8pt;">&#32;of the definition of &#8220;Commercial Operation&#8221; have been satisfied (but in no event shall this provision apply to a determination regarding whether the conditions precedent  for  achievement  of  Development  Completion  Acknowledgement  have  been</font><font style="font-family:inherit;font-size:11.9pt;">&#32;</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">achieved or whether the conditions set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clauses (b)</font><font style="font-family:inherit;font-size:12pt;">&#32;through </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">(d)</font><font style="font-family:inherit;font-size:12pt;">&#32;of the definition of &#8220;Commercial Operation&#8221; have been satisfied). </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(iv)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Notwithstanding </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.2(a)(iii)</font><font style="font-family:inherit;font-size:12pt;">&#32;or anything in this Agreement to the contrary, with respect to determining whether the conditions set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clause (a)</font><font style="font-family:inherit;font-size:12pt;">&#32;of the definition of &#8220;Commercial Operation&#8221; have been satisfied, if Buyer disagrees with the decision of the Independent Engineer issued in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.2(a)(iii)</font><font style="font-family:inherit;font-size:12pt;">&#32;then Buyer may, within ten (10) Business Days, elect to have an independent engineer selected by Buyer from </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section A1-IE of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(which for the avoidance of doubt is a separate independent engineer than the Independent Engineer) make a determination as to whether the conditions set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clause (a)</font><font style="font-family:inherit;font-size:12pt;">&#32;of the definition of &#8220;Commercial Operation&#8221; have been satisfied.  Such independent engineer shall take into account all reasonable supporting evidence presented by WST Seller and Buyer.  In the event that Buyer has made the foregoing election in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.2(a)(iv)</font><font style="font-family:inherit;font-size:12pt;">, such determination by such independent engineer shall be deemed to be agreed to by the Parties and shall become final and binding upon the Parties for all purposes hereunder (with respect to the facts and circumstances at the time of such determination).  </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(v)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that Buyer has not made the election in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.2(a)(iv)</font><font style="font-family:inherit;font-size:12pt;">&#32;to use a second independent engineer within such ten (10) Business Day period, then the determination by the first Independent Engineer shall be deemed to be agreed to by the Parties and shall be final and binding upon the Parties for all purposes hereunder (with respect to the facts and circumstances at the time of such determination).</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Corrective Action Plans</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(i)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that completion of a particular Project Milestone for which WST Seller is responsible is not achieved by the date set forth on the Project Schedule (other than as a result of a Force Majeure Event or Buyer-Caused Delay), WST Seller shall promptly (and in any event, within ten (10) Business Days) submit to Buyer a proposed Corrective Action Plan, including a revised completion date for such Project Milestone that will allow the Commercial Operation Date to be achieved before the Outside Closing Date.  Buyer shall notify WST Seller of its approval (such approval not to be unreasonably withheld, conditioned or delayed) of any such Corrective Action Plan within ten (10) Business Days following Buyer&#8217;s receipt of such Corrective Action Plan.  </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(ii)&#160;&#160;&#160;&#160;If Buyer reasonably believes that any Corrective Action Plan proposed by WST Seller is not feasible, Buyer shall send WST Seller a written notice explaining why it believes such Corrective Action Plan is not feasible within ten (10) Business Days following Buyer&#8217;s receipt of such Corrective Action Plan.  Buyer shall be deemed to accept any Corrective Action Plan if it does not send any such written notice within such ten (10) Business Day period.  Within ten (10) Business Days following receipt of any such written notice from Buyer, WST Seller shall submit the Corrective Action Plan to the Independent Engineer.  The Independent Engineer shall, at the sole cost  and  expense  of  WST  Seller,  review  the  Corrective  Action  Plan  and  determine whether  such  Corrective  Action  Plan  proposed  by  WST  Seller  is  feasible.   Such </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">3</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">determination by the Independent Engineer shall be deemed to be agreed to by the Parties and shall become final and binding upon the Parties for all purposes hereunder.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(iii)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">WST Seller shall implement and diligently comply with any Corrective Action Plan approved by Buyer (or deemed accepted by Buyer) or determined to be feasible by the Independent Engineer. </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Termination Right</font><font style="font-family:inherit;font-size:12pt;">.  Notwithstanding any other provisions of this Agreement (but without limiting </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.3</font><font style="font-family:inherit;font-size:12pt;">), Buyer shall have the right to terminate this Agreement pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 9.1(g)</font><font style="font-family:inherit;font-size:12pt;">, by delivery of thirty (30) days&#8217; prior written notice thereof to Sellers, in the event that (i) WST Seller fails to achieve one or more Project Milestones for which WST Seller is responsible resulting in a projected Commercial Operation Date beyond the Outside Closing Date and (ii) WST Seller has failed to submit a Corrective Action Plan that has been approved under </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.2(b)(i)</font><font style="font-family:inherit;font-size:12pt;">&#32;or </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">1.2(b)(ii)</font><font style="font-family:inherit;font-size:12pt;">&#32;(including by determination of the Independent Engineer) under which the Commercial Operation Date would be achieved prior to the Outside Closing Date; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">,</font><font style="font-family:inherit;font-size:12pt;">&#32;that such notice of termination shall be deemed to have been withdrawn if, prior to the termination date specified therein, the Independent Engineer certifies to Buyer, pursuant to the written request of WST Seller, at the sole cost and expense of WST Seller, that based on the professional judgment of the Independent Engineer and all relevant facts (including WST Seller&#8217;s commitment to a Corrective Action Plan and the feasibility thereof), the Commercial Operation Date is reasonably likely to be achieved on or prior to the Outside Closing Date notwithstanding such delay.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Force Majeure; Buyer-Caused Delays</font><font style="font-family:inherit;font-size:12pt;">.  </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Effect of Force Majeure and Buyer-Caused Delays</font><font style="font-family:inherit;font-size:12pt;">.  None of Buyer or Sellers shall be considered to be in default in the performance of their respective obligations hereunder, and the date for achievement of any Project Milestone specified on the Project Schedule and the Outside Closing Date shall be extended, to the extent the failure or delay of performance or of satisfaction of such Project Milestone, or to achieve the Closing, respectively, is due to a Force Majeure Event or Buyer-Caused Delay.  The non-affected party shall be excused from its corresponding performance obligations to the extent due to the affected party&#8217;s failure or delay of performance.  Notwithstanding the foregoing, any obligation to make payments accrued prior to the Force Majeure Event or Buyer-Caused Delay shall not be excused.  The burden of proof for establishing the existence and consequences of a Force Majeure Event or Buyer-Caused Delay lies with the party initiating the claim. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Notice of Force Majeure and Buyer-Caused Delays</font><font style="font-family:inherit;font-size:12pt;">.  As soon as possible following the occurrence of an event the affected party believes is a Force Majeure Event or Buyer-Caused Delay, the affected party desiring to invoke a Force Majeure Event or a Buyer-Caused Delay as a cause for delay in its performance of, or failure to perform, any obligation hereunder, shall provide the other party written notice describing in detail the Force Majeure Event or Buyer-Caused Delay, as applicable, including the expected duration and effect thereof.  Promptly after a notice is given pursuant to the preceding sentence, Buyer and Sellers shall meet in person or telephonically to discuss the basis and terms upon which the arrangements set out in this Agreement shall be continued, taking into account the effects of such Force Majeure Event or Buyer-Caused Delay, as applicable.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">4</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Mitigation of Force Majeure and Buyer-Caused Delays</font><font style="font-family:inherit;font-size:12pt;">.  The suspension of performance due to a Force Majeure Event or Buyer-Caused Delay shall be of no greater scope and of no longer duration than is required by the Force Majeure Event or Buyer-Caused Delay, as applicable.  The party suffering a Force Majeure Event or Buyer-Caused Delay, as applicable, shall use commercially reasonable efforts to avoid or otherwise mitigate the effects of such Force Majeure Event or Buyer-Caused Delay, as applicable, and to resume normal performance under this Agreement promptly upon the cessation of such Force Majeure Event or Buyer-Caused Delay, as applicable.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Termination for Force Majeure or Buyer-Caused Delay</font><font style="font-family:inherit;font-size:12pt;">.  Notwithstanding any other provisions of this Agreement, (i) Buyer shall have the right to terminate this Agreement pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 9.1(g)</font><font style="font-family:inherit;font-size:12pt;">, by delivery of thirty (30) days&#8217; prior written notice thereof to Sellers prior to the resumption of performance by Sellers, in the event that Sellers&#8217; performance has been impaired or delayed by one or more Force Majeure Events for a period of eighteen (18) consecutive months and (ii) WST Seller shall have the right to terminate this Agreement pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 9.1(h)</font><font style="font-family:inherit;font-size:12pt;">, by delivery of thirty (30) days&#8217; prior written notice thereof to Buyer and RETA Seller, in the event that a Buyer-Caused Delay has impaired or delayed Sellers&#8217; performance for a period of eighteen (18) consecutive months.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 1.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Reporting; Certain Deliverables; Coordination</font><font style="font-family:inherit;font-size:12pt;">.  </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Monthly Development and Construction Report; Other Reporting Obligations</font><font style="font-family:inherit;font-size:12pt;">.  From the Execution Date until the Commercial Operation Date, on or prior to thirty (30) days following the end of each calendar month, WST Seller shall provide Buyer with a monthly development and construction report for such prior month with respect to the development and construction of the Project, in the form of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 4</font><font style="font-family:inherit;font-size:12pt;">, which for the avoidance of doubt will include a detailed report with respect to Project Costs WST Seller claims to have incurred in such calendar month, with respect to each Project Milestone and in the aggregate with respect to the Project.  Notwithstanding the foregoing obligations of WST Seller in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.4(a)</font><font style="font-family:inherit;font-size:12pt;">, from the Execution Date until the Closing Date, WST Seller shall use commercially reasonable efforts to (x) communicate with Buyer regarding the Project&#8217;s development and construction on an as-needed basis (which may be more frequently than a monthly basis) in WST Seller&#8217;s reasonable discretion, and (y) make available for consultation with Buyer, such representatives as may be necessary to respond to reasonable inquiries of Buyer, in each case, prior to the Closing Date.  In addition, from the Execution Date until the Closing Date, WST Seller shall notify Buyer as soon as commercially practicable of any material occurrence related to the development and construction activities of the Project that has resulted in, will result in, or would reasonably be expected to result in (i) a failure of the Project to be developed and constructed in accordance with the Specifications, in accordance with Prudent Utility Practice and in accordance with the requirements of the NMPRC Approval and the FERC Approvals and other requirements of Governmental Entities, (ii) a failure, or any event that could reasonably be expected to result in the failure of the Project to achieve the Commercial Operation Date by the Outside Closing Date, (iii) a material violation or failure of the Project&#8217;s or Sellers&#8217; compliance with applicable Laws and Permits or the Master Lease Agreement, (iv) the death, serious bodily injury or significant property damage of any Person, (v) any material claim,  demand  or  action  against the Project or either Seller related to the Project and (vi) any</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">5</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">other event that could reasonably be expected to result in a failure of Sellers to satisfy the requirements for Closing set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article VII</font><font style="font-family:inherit;font-size:12pt;">&#32;or a failure to consummate the Transactions.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Notices and Communication</font><font style="font-family:inherit;font-size:12pt;">.  From the Execution Date until the Closing Date, WST Seller or where applicable, RETA Seller, shall promptly post to the Data Room copies of all notices, orders, inspection reports, material correspondence or other material communications, which, in each case, WST Seller or RETA Seller, as applicable, delivers to or receives from any Third Person in connection with the development and construction of the Project, including all material communications from Governmental Entities but excluding in all events any information delivered pursuant to any Excluded Contract or any information described in the definition of Excluded Books and Records. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Monthly Updates</font><font style="font-family:inherit;font-size:12pt;">.  From the Execution Date until the Closing Date, on the fifth (5th) Business Day of each calendar month, WST Seller shall (i) provide Buyer with an update of all items subject to an update of the Sellers&#8217; Disclosure Letter as of the last date of the preceding calendar month, as contemplated to be in effect on the Development Completion Acknowledgement Date or on the Closing Date, as applicable, and (ii) update the Data Room to include items referenced on the corresponding update of the Sellers&#8217; Disclosure Letter.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Reports and Reliance Letters</font><font style="font-family:inherit;font-size:12pt;">.  On the Development Completion Acknowledgement Date, WST Seller shall provide Buyer with a list of all studies and reports related to the Project that are in either Seller&#8217;s possession.  Buyer shall identify any studies or reports for which it reasonably requires a letter or undertaking from the author of such study or report permitting Buyer to rely on the contents therein.  WST Seller shall use commercially reasonably efforts to obtain and deliver any such letter or undertaking to Buyer prior to the Closing Date.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(e)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Specifications</font><font style="font-family:inherit;font-size:11.9pt;">.  The Specifications for the Project, which for the avoidance of doubt include the commissioning and testing procedures and the QA/QC requirements related to the Project, are set forth in </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Annex 2</font><font style="font-family:inherit;font-size:11.9pt;">.  WST Seller and Buyer shall use commercially reasonable efforts to agree on (i) additions to the Specifications where such additional information was not available for inclusion in the Specifications as of the Execution Date, and (ii) modifications to the Specifications to the extent necessary to accommodate the construction and development of the Project and interconnection of the Project with Buyer&#8217;s transmission system (in each case, consistent with the Specifications agreed to by the Parties at the Execution Date); </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">&#32;that WST Seller and Buyer shall agree to any such additions or modifications reasonably requested by the other Party; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">further</font><font style="font-family:inherit;font-size:11.9pt;">, that WST Seller shall not be required to agree to any such additions or modifications proposed by Buyer that would lead to a material increase in Project Costs or be reasonably expected to materially delay the achievement of any Project Milestone.  To the extent WST Seller and Buyer agree on any additional or modified specifications for the Project, including any commissioning and testing procedures, such additional specifications shall be deemed to be part of </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Annex 2</font><font style="font-family:inherit;font-size:11.9pt;">&#32;only if an authorized signatory of each of Buyer and WST Seller has executed a document evidencing the relevant Party&#8217;s agreement thereto.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(f)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Coordination</font><font style="font-family:inherit;font-size:11.9pt;">.  Within thirty (30) days following the Execution Date, each of Buyer and WST Seller shall designate a representative and two (2) alternative appointees that </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">shall serve as such Party&#8217;s contact for consultation on design and construction activities.  At least ninety (90) days prior to each Interconnection Date, WST Seller and Buyer shall use commercially reasonable efforts, consistent with Prudent Utility Practice, to initiate a process to (i) coordinate the installation of required equipment associated with the Project, (ii) complete any necessary switching procedures and operating procedures for the point of interconnection for the new transmission facilities, (iii) develop and finalize detailed energization procedures and (iv) convene a meeting of their designated representatives to finalize operating procedures for interim operational configurations and the final operational configuration. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(g)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">EPC Contract Certificates</font><font style="font-family:inherit;font-size:12pt;">.  Prior to the Closing Date, WST Seller shall, promptly following WST Seller&#8217;s receipt thereof, provide Buyer with the certificates set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 14</font><font style="font-family:inherit;font-size:12pt;">&#32;that are received under any applicable EPC Contract.  Provided that WST Seller has acted in accordance with the requirement of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 2</font><font style="font-family:inherit;font-size:12pt;">, Buyer shall provide WST Seller with any comments with respect to such certification within ten (10) Business Days following Buyer&#8217;s receipt of such certificate.  WST Seller shall consider in good faith any comments provided by Buyer that relate to any issue which Buyer raises within such ten (10) Business Day period following Buyer&#8217;s receipt of such certificate.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(h)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Private Letter Ruling; EPC Contracts</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(i)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">WST Seller shall, or shall cause the applicable EPC Contractor(s) to, apply for the Private Letter Ruling within one hundred twenty (120) days following the Execution Date; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, that WST Seller may, or may cause any such applicable EPC Contractor(s), to withdraw the Private Letter Ruling if, after submitting the proposed Private Letter Ruling to, and discussing the proposal with, NMTRD, the NMTRD indicates that it is unlikely to issue the Private Letter Ruling.  WST Seller shall, or shall cause the applicable EPC Contractor(s) to, (x) permit Buyer to have reasonable time and opportunity (and in no event less than seven (7) Business Days) to review and comment on the application for the Private Letter Ruling and will consider in good faith the incorporation of any comments reasonably requested by Buyer and (y) provide Buyer the opportunity to participate in any in person meetings and teleconferences that WST Seller and/or such applicable EPC Contractor(s) has with NMTRD in connection with the Private Letter Ruling.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(ii)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that WST Seller or the applicable EPC Contractor(s) receive the Private Letter Ruling, WST Seller shall contract with a single EPC Contractor that will act as construction manager, as contracting agent for other EPC Contractors, and as the single point of contact for Buyer relating to all other EPC Contracts following the Closing.  WST Seller shall require that such EPC Contractor coordinate the administration of all other EPC Contracts (including the administration of warranty claims thereunder) and take full responsibility for the design of the Project, all warranties related to the Project and all schedule obligations under all other EPC Contracts.  WST Seller shall also use commercially reasonable efforts to maximize the transfer of any other risks to such EPC Contractor.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(iii)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that WST Seller or the applicable EPC Contractor(s), as applicable, do not receive the Private Letter Ruling (including if it or they withdraw</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">7</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">the Private Letter Ruling in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.4(h)(i)</font><font style="font-family:inherit;font-size:12pt;">), WST Seller may, subject to the definition of &#8220;EPC Contract&#8221;, contract directly with an unlimited number of EPC Contractors; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, that WST Seller shall contract with a single EPC Contractor that will act as construction manager, with the obligation to coordinate the administration of all other EPC Contracts (including the administration of warranty claims thereunder).  Furthermore, such construction manager and one other EPC Contractor shall, between them, take full responsibility for the design of the Project, all warranties related to the Project and all schedule obligations under all other EPC Contracts.  WST Seller shall also use commercially reasonable efforts to maximize the transfer of any other risks to such EPC Contractors.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 1.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Development Completion Acknowledgement</font><font style="font-family:inherit;font-size:12pt;">.  </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">WST Seller shall send written notice to Buyer upon satisfaction (or written waiver by Buyer) of the following conditions (other than those conditions that by their nature are to be satisfied on the Development Completion Acknowledgement Date, but subject to the satisfaction or waiver of such conditions):</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(i)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">NMPRC Approval and FERC Approvals</font><font style="font-family:inherit;font-size:12pt;">.  Buyer has received the NMPRC Approval and the FERC Approvals, and the NMPRC Approval and the FERC Approvals are validly issued and in full force and effect.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(ii)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Critical Development Work</font><font style="font-family:inherit;font-size:12pt;">.  Sellers shall have performed the following actions related to development of the Project: (1) obtained, or initiated eminent domain proceedings to obtain (with the only unresolved issues outstanding, if any, being the compensation due to the condemnee(s) in connection with such eminent domain proceedings), Real Property sufficient for a contiguous route for the transmission line portion of the Project in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 3</font><font style="font-family:inherit;font-size:12pt;">; (2) obtained all Transferred Permits and Construction Permits necessary to construct the Project (other than any ministerial Permits or Permits reasonably expected to be obtained before such Permit becomes required pursuant to applicable Law and in any event prior to the Closing Date) and the Bernalillo County Approvals; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, if the Bernalillo County Approvals have not been obtained, this condition shall be satisfied with respect to the Bernalillo County Approvals unless Buyer has a reasonable belief that the condition set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 7.1(n)</font><font style="font-family:inherit;font-size:12pt;">&#32;will not be satisfied by the Closing Date, and (3) arranged for debt and equity financing in an amount sufficient to construct the Project (which financing may be subject to receipt of the Development Completion Acknowledgement).</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(iii)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Representations and Warranties</font><font style="font-family:inherit;font-size:12pt;">.  After giving effect to the Development Completion Disclosure Letter contemplated in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.10</font><font style="font-family:inherit;font-size:12pt;">:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(1)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">each of the Seller Fundamental Representations is true and correct in all respects as of the Development Completion Acknowledgement Date, except to the extent that any such Seller Fundamental Representation (x) has been expressly made only as of an earlier date, in which case such Seller Fundamental Representation was true and correct in all respects as of such earlier date, or (y) will only be made as of the Closing Date; and</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">8</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(2)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">each of the representations and warranties (other than the Seller Fundamental Representations and the Eminent Domain Property Representations) of each Seller in this Agreement (without giving effect to any materiality or Material Adverse Effect qualifiers contained therein) is&#160;true and correct in all material respects as of the Development Completion Acknowledgement Date, except for representations and warranties (x) which are as of a specific date, which shall be true and accurate as of such date, and (y) which will only be made as of the Closing Date.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(iv)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">WST Seller has delivered to Buyer a Phase I Environmental Site Assessment (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">ESA</font><font style="font-family:inherit;font-size:12pt;">&#8221;) for the Project Site, prepared in accordance with either ASTM E1527-13 or ASTM 2247-16 (ESA for Forestland or Rural Property) (and in the case of ASTM 2247-16, such use shall be in accordance with Section 1.1.1 thereof), that is (1) prepared prior to any construction on the Project Site and (2) not objected to in writing by Buyer by the earlier of (x) ten (10) Business Days following receipt of such ESA or (y) the deadline set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(b)</font><font style="font-family:inherit;font-size:12pt;">&#32;to respond to a properly-submitted written notice from WST Seller in accordance with this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)</font><font style="font-family:inherit;font-size:12pt;">, which objection may only be issued as a result of (A) environmental conditions identified in the ESA at or adjacent to the Project Site that are reasonably likely to pose a risk of Liability (other than an immaterial Liability) or reasonably likely to impair (other than in an immaterial way) the use and operation of the Project Assets or (B) a failure to comply with the appropriate ASTM standard (other than in an immaterial way).</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(v)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">WST Seller has delivered to Buyer each Real Property Agreement in effect as of the Development Completion Acknowledgement Date, and (i) each Real Property Agreement with respect to an easement or right-of-way granted by a private landowner (other than any easement or right-of-way granted to RETA Seller pursuant to a court order following an eminent domain proceeding) shall be substantially in the form of an agreement attached hereto as </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 15</font><font style="font-family:inherit;font-size:12pt;">; 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(as defined therein) (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Survey</font><font style="font-family:inherit;font-size:12pt;">&#8221;). </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(vii)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">An Affiliate of WST Seller shall have delivered to Buyer a counterpart to each LGIA, duly executed by such Affiliate; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)(vii)</font><font style="font-family:inherit;font-size:12pt;">&#32;shall only be a condition with respect to an LGIA if Buyer has tendered such LGIA to such Affiliate no later than thirty (30) days prior to the expected Development Completion Acknowledgement Date.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(viii)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">WST Seller shall have delivered to Buyer a counterpart to the Wires-to-Wires  Agreement,  duly  executed  by  WST  Seller; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">9</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">1.5(a)(viii)</font><font style="font-family:inherit;font-size:12pt;">&#32;shall only be a condition if Buyer has tendered the Wires-to-Wires Agreement to WST Seller no later than thirty (30) days prior to the expected Development Completion Acknowledgement Date.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Within ten (10) Business Days following receipt of a properly-submitted written notice from WST Seller in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)</font><font style="font-family:inherit;font-size:12pt;">, Buyer shall deliver to WST Seller (i) the Development Completion Acknowledgement (the date on which the Development Completion Acknowledgement is actually delivered being referred to as the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Development Completion Acknowledgement Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;) or (ii) if Buyer reasonably believes that the conditions set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;have not been satisfied, a written notice explaining why Buyer believes such conditions set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;have not been satisfied.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If Buyer delivers a written notice explaining why it believes such conditions set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;have not been satisfied, then WST Seller may resubmit a written notice to Buyer in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)</font><font style="font-family:inherit;font-size:12pt;">, and Buyer shall respond to such written notice in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(b)</font><font style="font-family:inherit;font-size:12pt;">.  </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ARTICLE II</font><font style="font-family:inherit;font-size:10pt;"><br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">PURCHASE AND SALE OF ASSETS; ASSUMPTION OF LIABILITIES</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 2.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Purchase and Sale of the Project Assets</font><font style="font-family:inherit;font-size:12pt;">.  Subject to and upon the terms and conditions contained herein and excluding the Excluded Assets, at the Closing, each Seller shall sell, assign and transfer to Buyer, and Buyer shall purchase, acquire and accept from such Seller, all rights, title and interest of such Seller in and to all of the following properties, assets and rights of any kind, whether real, personal or mixed, tangible or intangible, owned, licensed or otherwise held by such Seller, wherever located (all such properties, assets and rights, collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Project Assets</font><font style="font-family:inherit;font-size:12pt;">&#8221;), free and clear of any Liens other than Permitted Liens: </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">(i) the Real Property primarily used, or primarily held for use, in, or necessary for, the ownership, operation, maintenance, leasing, development or construction of the Project, all of which is set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sections 3.10(a) and 3.10(c) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(but excluding, for the avoidance of doubt, the Eminent Domain Property) and (ii) all Improvements to and on the Real Property and all Improvements to and on the Eminent Domain Property, a preliminary accounting of which is set forth in </font><font 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for, the ownership, operation, maintenance, leasing, development or construction of the Project, a preliminary accounting of which is set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 13</font><font style="font-family:inherit;font-size:12pt;">;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">(i) all Permits of such Seller primarily used, or held primarily for use, in, or necessary for, the ownership, operation, maintenance, leasing, development or construction of the Project by such Seller, all of which are set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">10</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(but excluding the Bernalillo County Approvals, collectively, the &#8220;</font><font 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Permits</font><font style="font-family:inherit;font-size:12pt;">&#8221;) constitute Transferred Permits;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all Contracts of such Seller relating primarily to or necessary for, the ownership, operation, maintenance, leasing, development or construction of the Project, all of which are set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.9(a) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(including the Real Property Agreements, but excluding any such Contracts that have expired, terminated, or been substantially performed (with only immaterial obligations remaining outstanding), or which are reasonably expected to have expired, terminated or been substantially performed (with only immaterial obligations remaining outstanding), in each case, in accordance with their respective terms (without any further rights accruing to such Seller (other than any immaterial rights)) on or before the Closing Date and excluding any Excluded Contracts to which WST Seller is a party, collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Assigned Contracts</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and including all original or later issued warranties or ancillary warranties (including warranties provided by Subcontractors and other contractors, manufacturers, suppliers and vendors, and including all workmanship warranties and guaranties) related to such Contracts applicable to the Project or the Project Assets (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Assigned Warranties</font><font style="font-family:inherit;font-size:12pt;">&#8221;); </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(e)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all Books and Records of such Seller; </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(f)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">(i) all Intellectual Property owned by such Seller and primarily used, or held primarily for use, in, or necessary for, the ownership, operation, maintenance, leasing, development or construction of the Project, and (ii) all licenses and other use rights of such Seller to third-party Intellectual Property under Contracts to the extent transferrable pursuant to applicable Law (except to the extent that such Contracts are Assigned Contracts, which are in all cases included in the Project Assets); </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(g)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all rights of such Seller in and to any studies and reports relating to the Project with such reliance letters obtained in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.4(d)</font><font style="font-family:inherit;font-size:12pt;">; and</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(h)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">subject to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sections 2.2(d)</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">2.2(f)</font><font style="font-family:inherit;font-size:12pt;">, all rights to causes of action, lawsuits, judgments, claims and demands of any nature, whether mature, contingent or otherwise, whether in tort, contract or otherwise, in favor of such Seller or any of its Affiliates and to the extent arising out of or relating to the Project Assets or Assumed Liabilities, whether by way of counterclaim or otherwise, including applicable rights of indemnity, applicable warranty rights (including applicable rights under Subcontractor warranties), applicable rights of contribution, applicable rights to refunds, applicable rights of reimbursement and other applicable rights of recovery (regardless of whether such rights are currently exercisable), but excluding, for the avoidance of doubt and subject to </font><font 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style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(e)&#160;&#160;&#160;&#160;all cash, cash equivalents, certificates of deposit, bank deposits, commercial paper, securities, accounts receivable and any similar current assets of such Seller or any of its Affiliates; </font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(f)&#160;&#160;&#160;&#160;all rights to any refunds, deposits, credits or similar benefits, to the extent Buyer has not reimbursed such Seller for such refund, deposit, credit or similar benefit;</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(g)&#160;&#160;&#160;&#160;all Permits of such Seller or any of its Affiliates, other than the Transferred Permits or the Permit Applications;</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(h)&#160;&#160;&#160;&#160;all Contracts of such Seller or any of its Affiliates other than the Assigned Contracts, including the Excluded Contracts;</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(i)&#160;&#160;&#160;&#160;all casualty, liability and other insurance policies maintained by such Seller or any of its Affiliates and all rights of any nature relating thereto, including all rights to insurance recoveries thereunder and to assert claims thereunder;</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(j)&#160;&#160;&#160;&#160;all rights of such Seller and its Affiliates under this Agreement and the Ancillary Agreements; and</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div 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style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 2.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Assumed Liabilities</font><font style="font-family:inherit;font-size:12pt;">.  Subject to and upon the terms and conditions contained herein, at the Closing, Buyer shall assume from each Seller, and such Seller shall assign and delegate to Buyer (and thereafter Buyer shall pay, perform or discharge), the following Liabilities (collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Assumed Liabilities</font><font style="font-family:inherit;font-size:12pt;">&#8221;):</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all Liabilities of such Seller arising from the applicable Project Assets, including, for the avoidance of doubt, the Specified Land Payments; </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all Taxes relating to the ownership, operation, maintenance, leasing, development or construction of any of the Project Assets attributable to a Post-Closing Period, including Property Taxes to the extent specifically allocated to Buyer pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6</font><font style="font-family:inherit;font-size:12pt;">;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">such Seller&#8217;s Asset Retirement Obligation. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">For the avoidance of doubt, in all events the Buyer shall retain the rights and remedies otherwise included in this Agreement, including with respect to the representations and warranties, indemnification rights, closing conditions and termination rights provided by Buyer under this Agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 2.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Excluded Liabilities</font><font style="font-family:inherit;font-size:12pt;">.  Buyer shall not assume or be liable for any Liabilities of either Seller, other than the applicable Assumed Liabilities (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Excluded Liabilities</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  For the avoidance of doubt, Excluded Liabilities shall include:</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all Liabilities of either Seller that do not relate to the Project; </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all Liabilities arising out of or relating to the execution and delivery by either Seller or any of their Affiliates of this Agreement and the Ancillary Agreements and the consummation by either Seller and any of their Affiliates of the Transactions, including any Liabilities of either Seller for payments of fees and/or expenses to a broker or finder;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all Indebtedness of either Seller or any of its Affiliates;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all Liabilities with respect to any claims of third parties (including any current or former direct or indirect equity holders of the applicable Seller) relating to the ownership of any equity interests, participation rights or any other agreements of any nature to purchase or acquire any equity interests or participation rights, or any other interest or participation that confers the right to receive a share of the profits and losses of, or distribution of assets of, either Seller, whether arising before, on or after the Closing Date;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(e)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all Liabilities arising from any Excluded Asset, including, for the avoidance of doubt, any Liabilities of Pattern Wind under the Letter Agreement; and</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(f)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all (i) Taxes imposed on either Seller and (ii) Taxes relating to the ownership, operation, maintenance, leasing, development or construction of any of the Project Assets attributable to a Pre-Closing Period, including Property Taxes to the extent specifically allocated to either Seller pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 2.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Purchase Price</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">13</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The aggregate consideration for the purchase of the Project Assets and the Assumed Liabilities payable by Buyer to WST Seller (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Purchase Price</font><font style="font-family:inherit;font-size:12pt;">&#8221;) shall be equal to the sum of the aggregate amount of Project Costs, </font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">plus</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:12pt;">or </font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">minus</font><font style="font-family:inherit;font-size:12pt;">&#32;(as applicable) the Prorated Differences.  Notwithstanding anything in this Agreement to the contrary, absent the written consent of Buyer, the Purchase Price shall in no event exceed Four Hundred Million Dollars ($400,000,000) (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Maximum Purchase Price</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">On the Closing Date, following receipt by Buyer of a written invoice from WST Seller, Buyer shall pay to WST Seller, by wire transfer of immediately available funds to the account designated by WST Seller prior to the Closing Date, an amount (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Closing Payment</font><font style="font-family:inherit;font-size:12pt;">&#8221;) equal to the aggregate amount of Project Costs incurred prior to and on the Closing Date (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Base Purchase Price</font><font style="font-family:inherit;font-size:12pt;">&#8221;), </font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">plus</font><font style="font-family:inherit;font-size:12pt;">&#32;or </font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">minus</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:12pt;">(as applicable) the Estimated Prorated Adjustment Amount, </font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">minus</font><font style="font-family:inherit;font-size:12pt;">, unless WST Seller has delivered the Post-Closing Security, Twenty Million Dollars ($20,000,000) (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Indemnity Holdback Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  Buyer agrees and acknowledges that Pattern Wind (or its successors or assigns) shall be entitled to fund customer-funded amounts pursuant to the Transmission Service Agreements (however so defined or described under the Transmission Service Agreements) in an amount equal to Seventy-Five Million Dollars ($75,000,000); </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, that such customer-funded amount shall be reduced on a dollar-for-dollar basis if the aggregate sum of the Base Purchase Price, Buyer&#8217;s expected costs to complete the Punch List Items and the Buyer-funded amounts under the Wires-to-Wires Agreement and the LGIAs is less than Three Hundred Forty Five Million Dollars ($345,000,000).</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Within ten (10) Business Days after the Final Completion Date, WST Seller shall prepare and deliver to Buyer a calculation of the actual amount of the Project Costs incurred between the Closing Date and the Final Completion Date that WST Seller determines should be included in the Purchase Price (and if such Project Costs are not included, they shall be treated as Excluded Liabilities and remain the responsibility of WST Seller) (such actual amount, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Final Completion Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  Within ten (10) Business Days after calculation of the Final Completion Amount, Buyer shall pay to WST Seller, following receipt by Buyer of a written invoice from WST Seller, an amount equal to the Final Completion Amount.  Payment of such amount shall be made by wire transfer of immediately available funds to the account designated by Buyer prior to the date of such payment.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Within ten (10) Business Days after the one (1) year anniversary of the Final Completion Date (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">One Year Anniversary</font><font style="font-family:inherit;font-size:12pt;">&#8221;), WST Seller shall prepare and deliver to Buyer a calculation of the amount of the Project Costs incurred between the Final Completion Date and the One Year Anniversary that WST Seller determines should be included in the Purchase Price (and if such Project Costs are not included, they shall be treated as Excluded Liabilities and remain the responsibility of WST Seller) (such actual amount, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">One Year Anniversary Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  Notwithstanding the foregoing, to the extent any RETA Eminent Domain Proceedings exist and are continuing at the time of the One Year Anniversary, the calculation of the One Year Anniversary Amount shall be postponed and extended until to the earlier of (x) the conclusion of all RETA Eminent Domain Proceedings and (y) the two (2) year anniversary of the Final Completion Date. The costs for preparing such calculation shall be borne by WST Seller.  Within ten (10) Business Days after calculation of the One Year Anniversary Amount, Buyer shall pay to WST Seller, following receipt by Buyer of a written</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">14</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">invoice from WST Seller, an amount equal to the One Year Anniversary Amount.  Payment of such amount shall be made by wire transfer of immediately available funds to the account designated by Buyer prior to the date of such payment.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(e)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If an Indemnity Holdback Amount was subtracted from the Closing Payment, on the later of (i) the eighteenth (18th) month anniversary of the Closing Date and (ii) sixty (60) days following the last Eminent Domain Property Transfer Date (</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, for the avoidance of doubt, this clause (ii) shall only be applicable in the event that any RETA Eminent Domain Proceedings exist and are continuing as of the Closing Date), or on any date that WST Seller delivers to Buyer the Post-Closing Security, Buyer shall pay to WST Seller, following receipt by Buyer of a written invoice from WST Seller, by wire transfer of immediately available funds to the account designated by WST Seller prior to the date of such payment, an amount equal to the remaining amount of the Indemnity Holdback Amount, </font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">minus</font><font style="font-family:inherit;font-size:12pt;">&#32;(ii) any payments due and unpaid with respect to any indemnified Claims under </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.2(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;or </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">10.2(b)</font><font style="font-family:inherit;font-size:12pt;">, including any payments with respect to any Claim being contested pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.4</font><font style="font-family:inherit;font-size:12pt;">; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, upon resolution of any such contested Claim in favor of either Seller, Buyer shall pay to WST Seller, following receipt by Buyer of a written invoice from WST Seller, by wire transfer of immediately available funds to the account designated by WST Seller prior to the date of such payment, all amounts held back in connection with such contested Claim within five (5) Business Days of such resolution.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 2.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Allocation of Purchase Price; Proration</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Not later than ninety (90) days after the Closing, Buyer shall provide WST Seller with an allocation of the Purchase Price, plus any Liabilities deemed assumed for U.S. federal Income Tax purposes, among the Project Assets as of the Closing Date (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Purchase Price Allocation</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  The Purchase Price Allocation shall be conclusive and shall be binding on Buyer and WST Seller unless WST Seller objects in writing within thirty (30) days of receipt of such allocation.  In the event that WST Seller objects in writing within thirty (30) days, Buyer and WST Seller shall negotiate in good faith to resolve the dispute.  If Buyer and WST Seller fail to agree on such allocation within thirty (30) days following WST Seller&#8217;s written objection, such allocation shall be determined, within a reasonable time, by an independent, nationally recognized accounting firm mutually agreed upon by WST Seller and Buyer (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Independent Appraiser</font><font style="font-family:inherit;font-size:12pt;">&#8221;) to determine the resolution of solely those items in dispute.  WST Seller and Buyer shall each bear and pay one-half of the fees and other costs charged by the Independent Appraiser.  The Purchase Price Allocation as finally determined pursuant to this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6(a)</font><font style="font-family:inherit;font-size:12pt;">, shall be binding upon Buyer and WST Seller.  Buyer and WST Seller agree to file all U.S. federal, state, local and foreign Tax Returns in accordance with such agreed allocation (giving effect to mutually agreed upon adjustments as a result of adjustments to the Purchase Price).  Except as otherwise required by applicable Law, no Party nor its respective Affiliates shall take a Tax position that is inconsistent with the allocation; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, that nothing in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;shall prevent Buyer, WST Seller or their respective Affiliates from settling, or require any of them to litigate, any challenge, proposed deficiency, adjustment or other similar proceeding by any Taxing Authority with respect to the Purchase Price Allocation.  Buyer and WST Seller shall notify and provide the other with reasonable assistance in the event of an examination, audit or other proceeding regarding the agreed upon allocation of the Purchase Price. </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">15</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Buyer and Sellers agree that (i) Property Taxes, (ii) assessments, (iii) rents, fees or payments under the Real Property Agreements, including payments to Counterparties under the Real Property Agreements, and (iv) annual Permit or registration fees, if any, directly attributable to the Project Assets (collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Prorated Items</font><font style="font-family:inherit;font-size:12pt;">&#8221;) shall, with respect to any Straddle Period, be apportioned between Buyer and WST Seller based on the number of days of such Straddle Period included in the Pre-Closing Period and the number of days of such Straddle Period included in the Post-Closing Period.  WST Seller shall be liable to the extent such items are attributable to any Pre-Closing Period, and Buyer shall be liable to the extent such items are attributable to any Post-Closing Period.</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">At least three (3) Business Days prior to the anticipated Closing Date, WST Seller shall deliver to Buyer WST Seller&#8217;s good faith calculation of (i) the Prorated Amount (if any) for each Prorated Item (with respect to each Prorated Item, as WST Seller&#8217;s calculation may be modified upon incorporation of any comments by Buyer to which WST Seller has agreed prior to the Closing, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Estimated Prorated Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221;), together with reasonable supporting detail of WST Seller&#8217;s calculation thereof, and (ii) the sum of all Estimated Prorated Amounts (if any) (such sum, which may be a negative or a positive number, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Estimated Prorated Adjustment Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  In providing its good faith calculation, WST Seller shall take into account (as applicable) the actual fee, cost or amount of the Prorated Item for the most recent preceding year (or appropriate period) for which an actual fee, cost or amount paid is available.  WST Seller shall consider in good faith any comments on WST Seller&#8217;s good faith calculation submitted by Buyer at least one (1) Business Day prior to the Closing Date.  If the Estimated Prorated Adjustment Amount is a positive number, then the Base Purchase Price payable at Closing will be increased by an amount equal to such Estimated Prorated Adjustment Amount, as contemplated by </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.5(b)</font><font style="font-family:inherit;font-size:12pt;">.  If the Estimated Prorated Adjustment Amount is a negative number, then the Base Purchase Price payable at Closing will be decreased by an amount equal to the absolute value of such Estimated Prorated Adjustment Amount, as contemplated by </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.5(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Promptly upon receipt of any invoice for such Prorated Item or other information confirming the actual Prorated Amount for such Prorated Item (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Actual Prorated Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Buyer or WST Seller, as applicable, shall send written notice to the other Party thereof (such notice, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Reimbursement Notice</font><font style="font-family:inherit;font-size:12pt;">&#8221;), which Reimbursement Notice shall set forth the absolute value of the difference between the Estimated Prorated Amount and the Actual Prorated Amount for each Prorated Item identified in the Reimbursement Notice (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Prorated Difference</font><font style="font-family:inherit;font-size:12pt;">&#8221;), together with the invoice for such Prorated Item or other information confirming the Actual Prorated Amount.  Within two (2) Business Days after the date of delivery of the Reimbursement Notice, (i) if the Actual Prorated Amount (whether a positive or a negative number) is greater than the Estimated Prorated Amount (whether a positive or a negative number) for such Prorated Item, Buyer shall pay an amount equal to the Prorated Difference to WST Seller, and (ii) if the Estimated Prorated Amount (whether a positive or a negative number) is greater than the Actual Prorated Amount (whether a positive or a negative number) for such Prorated Item, then WST Seller shall pay to Buyer the Prorated Difference.  Following the Closing, WST Seller and Buyer shall cooperate and provide each other with such documents and other records as may be reasonably requested in order to confirm all calculations made pursuant  to  this  </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6</font><font style="font-family:inherit;font-size:12pt;">.   Absent  manifest  error,  the  Prorated Difference set forth in the</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">16</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Reimbursement Notice shall be conclusive and shall be binding on Buyer and WST Seller with respect to the Prorated Items identified therein.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 2.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Withholding</font><font style="font-family:inherit;font-size:12pt;">.  Buyer shall be entitled to deduct and withhold from any cash amounts payable pursuant to this Agreement such amounts as Buyer may be required to deduct and withhold with respect to the making of such payment under United States federal, state or local or foreign Tax laws; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, for the avoidance of doubt, Buyer may not deduct or withhold from any cash amounts payable pursuant to this Agreement any amounts required under New Mexico&#8217;s gross receipts and compensating tax.  To the extent that such amounts are so withheld and paid over to the appropriate Tax authority by Buyer, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the person in respect of which such deduction and withhold was made.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 2.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Closing</font><font style="font-family:inherit;font-size:12pt;">.  The closing of the purchase and sale of the Project Assets and the assignment and assumption of the Assumed Liabilities (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Closing</font><font style="font-family:inherit;font-size:12pt;">&#8221;) shall take place at 10:00 a.m., local time, at the offices of Skadden, Arps, Slate, Meagher &amp; Flom LLP, 1440 New York Avenue, Washington, DC (or such other location as the Parties may agree) on a date that is no later than three (3) Business Days following the satisfaction or waiver of the last of the conditions set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article VII</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article VIII</font><font style="font-family:inherit;font-size:12pt;">&#32;(other than those conditions that by their nature are to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions) or at such other time, date and place as the Parties may mutually agree in writing (the date on which the Closing actually occurs being referred to as the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Closing Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  All actions and deliverables set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.9</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.10</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article VII</font><font style="font-family:inherit;font-size:12pt;">&#32;or </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article VIII</font><font style="font-family:inherit;font-size:12pt;">&#32;that occur or are delivered, as the case may be, on the Closing Date shall be deemed to occur simultaneously at the Closing.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 2.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sellers&#8217; Deliverables</font><font style="font-family:inherit;font-size:12pt;">.  At or prior to the Closing, Sellers shall deliver, or cause to be delivered, to Buyer each of the following:</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">(i) a counterpart, duly executed and acknowledged by the applicable Seller, to one or more Deeds conveying the Owned Real Property and all Improvements to and on the Owned Real Property to Buyer and (ii) solely in the event that any RETA Eminent Domain Proceedings exist and are continuing as of the Closing Date, a counterpart, duly executed and acknowledged by RETA Seller, to the Eminent Domain License, for any Eminent Domain Property;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">a counterpart, duly executed by the applicable Seller, to one or more bills of sale and assignment and assumption agreements, substantially in the form attached hereto as </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 5</font><font style="font-family:inherit;font-size:12pt;">, to effect the assignment of Project Assets not otherwise conveyed pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.9</font><font style="font-family:inherit;font-size:12pt;">, and the assumption of the related Assumed Liabilities by, Buyer (subject to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.3</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.4</font><font style="font-family:inherit;font-size:12pt;">) (each, a &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Bill of Sale and Assignment</font><font style="font-family:inherit;font-size:12pt;">&#8221;), which for the avoidance of doubt will effectuate the assignment of warranties from Subcontractors and other contractors, manufacturers, suppliers and vendors, and including all workmanship warranties and guaranties related to the Project and the Project Assets;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">(i) written confirmation from the Financing Agent or other applicable holders  of  all  Indebtedness  of  WST  Seller  for borrowed money secured by any of the Project</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">17</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;Assets, in customary form, that all Liens on the Project Assets with respect to all outstanding Indebtedness of WST Seller for borrowed money secured by any of the Project Assets have been, or concurrently with the Closing will be, terminated and released (including by delivery of UCC-3 termination statements, if applicable) and (ii) copies of UCC lien searches dated no earlier than three (3) days prior to the Closing, establishing the lack of any Liens other than Permitted Liens as to any personal property being transferred at Closing; </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">(i) a counterpart, duly executed and acknowledged by the applicable Seller, to one or more assignment agreements, substantially in the form attached hereto as </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 6</font><font style="font-family:inherit;font-size:12pt;">, to effect the assignment of each Real Property Agreement (other than any easements or rights-of-way granted by the New Mexico Commissioner of Public Lands or as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clause (ii)</font><font style="font-family:inherit;font-size:12pt;">), and all Improvements to and on the Easement Real Property that is the subject of such Real Property Agreement, to, and the assumption of related Assumed Liabilities by, Buyer (each, a &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Non-State Lands Real Property Assignment Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and (ii) to the extent prescribed forms are required by any Governmental Entity to effect the assignment of any particular Real Property Agreement to, and the assumption of related Assumed Liabilities by, Buyer, counterpart(s), duly executed and acknowledged by the applicable Seller, to such prescribed forms;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(e)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">a counterpart, duly executed and acknowledged by the applicable Seller, to one or more assignment agreements, substantially in the form attached hereto as </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 7</font><font style="font-family:inherit;font-size:12pt;">&#32;(or such other form required by the New Mexico Commissioner of Public Lands), to effect the assignment of each easement or right-of-way granted by the New Mexico Commissioner of Public Lands to, and the assumption of related Assumed Liabilities by, Buyer (each, a &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">State Lands Assignment Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221; and together with the Non-State Lands Real Property Assignment Agreements, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Real Property Assignment Agreements</font><font style="font-family:inherit;font-size:12pt;">&#8221;);</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(f)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">certifications of each Seller (or if it is a disregarded entity for U.S. federal Income Tax purposes, the Person treated for U.S. federal Income Tax purposes as the owner of its assets) to Buyer, substantially in the form attached hereto as </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 8A</font><font style="font-family:inherit;font-size:12pt;">&#32;or </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 8B</font><font style="font-family:inherit;font-size:12pt;">, as applicable, as to its non-foreign status as set forth in Section 1445 of the Code and the Treasury Regulations promulgated thereunder and any similar forms required under state law;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(g)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">(i) an ESA for the Project Site, prepared in accordance with either ASTM E1527-13 or ASTM 2247-16 (ESA for Forestland or Rural Property) (and in the case of ASTM 2247-16, such use shall be in accordance with Section 1.1.1 thereof), dated no more than one hundred eighty (180) days prior to the Closing Date (and including elements required to be completed no earlier than one hundred eighty (180) days prior to the Closing Date), which ESA (1) documents information provided by Buyer as the user of the ESA, in accordance with whichever ASTM standard is used to prepare the ESA, (2) is in material compliance with the appropriate ASTM standard and (3) either (A) does not identify any environmental conditions at or adjacent to the Project Site that are reasonably likely to pose a risk of material Liability or reasonably likely to materially impair the use and operation of the Project Assets, or (B) is substantially consistent with the ESA provided to Buyer pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)(iv)</font><font style="font-family:inherit;font-size:12pt;">, and (ii) a letter from the environmental consultant that prepared the ESA allowing Buyer to rely on the ESA as if it were the recipient of the ESA, subject to the same terms and conditions that apply to WST Seller; </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">18</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(h)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">any other ESAs prepared with respect to the Project in the possession of either Seller (to the extent not previously delivered pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)(iv)</font><font style="font-family:inherit;font-size:12pt;">); and</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(i)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">a list of the Assigned Warranties, copies of all of the Assigned Warranties and a written certification from WST Seller identifying the disposition of any prior warranty claims with respect to the Project.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 2.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer&#8217;s Deliverables</font><font style="font-family:inherit;font-size:12pt;">.  At or prior to the Closing, Buyer shall deliver, or cause to be delivered, each of the following:</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">to WST Seller or its designee, the Closing Payment by wire transfer of immediately available funds to the account designated by WST Seller to Buyer prior to the Closing (it being understood and agreed, for the avoidance of doubt, that receipt by WST Seller of the entire Closing Payment in accordance with this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.10(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;is a condition to Sellers&#8217; obligation to deliver the Project Assets and Assumed Liabilities to Buyer);</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">to the applicable Seller, a counterpart, duly executed by Buyer to the applicable Bills of Sale and Assignment (subject to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.3</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.4</font><font style="font-family:inherit;font-size:12pt;">); </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">to the applicable Seller, (i) a counterpart, duly executed and acknowledged by Buyer, to the applicable Real Property Assignment Agreements and (ii) to the extent prescribed forms are required by any Governmental Entity as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.9(d)(ii)</font><font style="font-family:inherit;font-size:12pt;">, counterpart(s), duly executed and acknowledged by Buyer, to such prescribed forms; and</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">solely in the event that any RETA Eminent Domain Proceedings exist and are continuing as of the Closing Date, a counterpart, duly executed and acknowledged by Buyer, to the Eminent Domain License, for any Eminent Domain Property. </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ARTICLE III</font><font style="font-family:inherit;font-size:10pt;"><br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">REPRESENTATIONS AND WARRANTIES RELATING TO WST SELLER, THE PROJECT ASSETS AND REAL PROPERTY</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">WST Seller hereby represents and warrants to Buyer as of the Execution Date, the Development Completion Acknowledgement Date and the Closing Date, except for those representations and warranties that are made as of a specific date, as follows:</font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 3.1&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Organization and Existence</font><font style="font-family:inherit;font-size:11.9pt;">.  WST Seller is a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Delaware.  WST Seller is duly qualified or licensed to do business in each other jurisdiction where the actions to be performed by it under this Agreement or any Ancillary Agreement to which it is a party makes such qualification or licensing necessary, except in any jurisdiction where the failure to be so qualified or licensed would not reasonably be expected to be material.</font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 3.2&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Authorization</font><font style="font-family:inherit;font-size:11.9pt;">.  WST Seller has all requisite limited liability company power and authority to enter into this Agreement and the Ancillary Agreements to which it is a party, to perform its obligations hereunder and thereunder and to consummate the Transactions.  The  execution,  delivery  and  performance  by  WST  Seller  of  this  Agreement and the Ancillary </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">19</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Agreements to which it is a party and the consummation by WST Seller of the Transactions have been duly authorized by all necessary limited liability company action on the part of WST Seller.  Each of this Agreement and each Ancillary Agreement (a) have been duly and validly executed and delivered by WST Seller and (b) constitute (assuming the due execution and delivery by Buyer and RETA Seller, as applicable) a valid and legally binding obligation of WST Seller, enforceable against WST Seller in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other Laws relating to or affecting creditors&#8217; rights generally and general equitable principles. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 3.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Noncontravention</font><font style="font-family:inherit;font-size:12pt;">.  Except as set forth on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.3 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">WST Seller Consents</font><font style="font-family:inherit;font-size:12pt;">&#8221;), the execution, delivery and performance of this Agreement and the Ancillary Agreements to which WST Seller is a party by WST Seller do not, and the consummation by WST Seller of the Transactions will not (a) contravene or violate any provision of the Organizational Documents of WST Seller; (b) subject to obtaining the consents and approvals set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.4 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, materially conflict with or result in a material violation of any term or provision of any Law applicable to WST Seller; (c) contravene or violate any provision of, or result in the termination or acceleration of, or entitle any party to accelerate any obligation or Indebtedness under, any Assigned Contract or Transferred Permit to which WST Seller is a party or by which WST Seller is bound; or (d) result in the imposition or creation of any Lien upon or with respect to any of the Project Assets (other than Permitted Liens).</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 3.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Governmental Approvals</font><font style="font-family:inherit;font-size:12pt;">.  Except as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.4 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">WST Seller Approvals</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and unless one or more notification filings, and the observance of any applicable waiting period, is required by the HSR Act, no material consent or approval of any Governmental Entity is required for or in connection with the execution, delivery and performance by WST Seller of this Agreement or the Ancillary Agreements to which WST Seller is a party, or the consummation by WST Seller of the Transactions.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 3.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Absence of Certain Changes or Events</font><font style="font-family:inherit;font-size:12pt;">.  Except as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.5 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, (a) WST Seller&#8217;s business with respect to the Project and the other Project Assets has been conducted in all material respects in accordance with Prudent Utility Practice and (b) there has not been any Material Adverse Effect. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 3.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Legal Proceedings</font><font style="font-family:inherit;font-size:12pt;">.  Except as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.6 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, there are (a) no Claims pending or (b) to WST Seller&#8217;s Knowledge, no material Claims threatened, in each case, against WST Seller with respect to the Project Assets or Assumed Liabilities before any Governmental Entity.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 3.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Compliance with Laws; Permits</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(a) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, WST Seller is in material compliance with all Laws applicable to the Project Assets, Assumed Liabilities, and WST Seller&#8217;s ownership, leasing, development, construction, operation and maintenance thereof.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">20</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As of the Execution Date, to WST Seller&#8217;s Knowledge, (i) all Transferred Permits that have been obtained by either Seller are set forth on Part I of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;and (ii) assuming the accuracy of the representations and warranties of Buyer in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 5.9</font><font style="font-family:inherit;font-size:12pt;">, all Transferred Permits not yet obtained but that are required to be obtained for, the ownership, operation, maintenance, development and construction of the Project as currently designed (including Buyer&#8217;s future use) are set forth on Part II of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(excluding in each case, for the avoidance of doubt, any Construction Permits and the Bernalillo County Approvals).  As of the Development Completion Acknowledgement Date and as of the Closing Date, (x) all Transferred Permits that have been obtained by either Seller are set forth on Part I of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;and (y) assuming the accuracy of the representations and warranties of Buyer in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 5.9</font><font style="font-family:inherit;font-size:12pt;">, all Transferred Permits not yet obtained but that are required to be obtained for, the ownership, operation, maintenance, development and construction of the Project as currently designed (including Buyer&#8217;s future use) are set forth on Part II of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(excluding in each case, for the avoidance of doubt, any Construction Permits and the Bernalillo County Approvals); </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that each Transferred Permit listed on Part II of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure Schedule</font><font style="font-family:inherit;font-size:12pt;">&#32;that has been obtained by either Seller as of the Development Completion Acknowledgement Date or the Closing Date, as applicable, shall be deemed to be listed on Part I of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;for purposes of the representations in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b)</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(c)</font><font style="font-family:inherit;font-size:12pt;">&#32;as of the Development Completion Acknowledgement Date and as of the Closing Date.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(c) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, (i) all Transferred Permits set forth in Part I of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;are properly in the name of WST Seller or RETA Seller except where any such Transferred Permit has been obtained by a contractor in connection with its work on the construction of the Project; (ii) the applicable Seller (or where applicable and to its Knowledge, a relevant contractor) is in compliance in all material respects with the terms of all Transferred Permits set forth in Part I of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">; (iii) each Transferred Permit set forth in Part I of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;is in full force and effect or not needed for the ownership, leasing, development, construction, operation or maintenance of the Project; (iv) WST Seller has not received written notice of any material violation of any Transferred Permit set forth in Part I of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;that has not been appropriately addressed, and (v) WST Seller reasonably believes that each Transferred Permit set forth in Part II of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(b) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;not yet obtained will be obtained before such Transferred Permit becomes required pursuant to applicable Law and in any event prior to the Closing Date.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As of the Execution Date, to WST Seller&#8217;s Knowledge, all material Construction Permits and the Bernalillo County Approvals that have been obtained by either Seller are set forth on Part I of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(d) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;and all material Construction Permits and the Bernalillo County Approvals not yet obtained but that are required to be obtained for, the development and construction of the Project as currently designed are set forth on Part II of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(d) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">.  As of the Development Completion Acknowledgement Date, all material Construction Permits and the Bernalillo County Approvals that have been obtained by either Seller are set forth on Part I of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.7(d) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;and all material Construction Permits and Bernalillo County </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">21</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:115%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Approvals not yet obtained but that are required to be obtained for, the development and construction of the Project as currently designed are set forth on Part II of </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 3.7(d) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:11.9pt;">.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(e)&#160;&#160;&#160;&#160;WST Seller has provided Buyer with a true and correct copy of each Transferred Permit, each Construction Permit and each Bernalillo County Approval currently in effect in the Data Room.</font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 3.8&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Title to Project Assets</font><font style="font-family:inherit;font-size:11.9pt;">.  </font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(a)&#160;&#160;&#160;&#160;As of the Closing Date, WST Seller or RETA Seller (i) owns and has good and marketable title to all of the personal property comprising the Project Assets and (ii) has good and marketable title to the Owned Real Property and a valid, binding and enforceable right-of-way, easement, land use permit or license in the Easement Real Property, in each case of </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">clauses (i)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;and </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">(ii)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;free and clear of all Liens, other than Permitted Liens.  As of the Closing Date, no Person other than Sellers (x) owns or has any leasehold interest in, or option or other right to acquire an interest in (contingent or otherwise) any of the Project Assets or the Real Property, including a right of first refusal or a right of first offer (other than immaterial rights, such as grazing rights), or (y) has any Lien on the Project Assets or the Real Property, in each case of </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">clauses (x)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;and </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">(y)</font><font style="font-family:inherit;font-size:11.9pt;">, other than any Permitted Lien.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(b)&#160;&#160;&#160;&#160;As of the Closing Date, other than the Project Assets, any Eminent Domain Property, or as set forth on </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 3.8 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:11.9pt;">, there are no other assets that are held by Sellers or any other Affiliate of Sellers that are necessary for Buyer&#8217;s ownership, maintenance and operation of the Project.  </font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 3.9&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Assigned Contracts; Master Lease Agreement</font><font style="font-family:inherit;font-size:11.9pt;">.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(a)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 3.9(a) of Sellers&#8217; 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As of the Closing Date, the portion of the Project constituting the 345 kV transmission line is only located on Owned Real Property or real property that is the subject of any such easement, right-of-way, land use permit or license (such real property, the &#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Easement Real Property</font><font style="font-family:inherit;font-size:11.9pt;">&#8221; and together with the Owned Real Property, the &#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Real Property</font><font style="font-family:inherit;font-size:11.9pt;">&#8221;), except for any portion of the Project that is located on Eminent Domain Property.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(d)&#160;&#160;&#160;&#160;WST Seller has provided Buyer with true and complete copies of all Real Property Agreements currently in effect by the posting of such Real Property Agreements in the Data Room.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(e)&#160;&#160;&#160;&#160;Each Real Property Agreement is in full force and effect and constitutes the legal, valid and binding obligation of the applicable Seller and, to WST Seller&#8217;s Knowledge, the other parties thereto, enforceable against the applicable Seller and, to WST Seller&#8217;s Knowledge, each other party thereto, as applicable, in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other Laws relating to or affecting creditors&#8217; rights generally and general equitable principles.  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and (ii) the representations and warranties made in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.12</font><font style="font-family:inherit;font-size:12pt;">&#32;refer only to the past activities of WST Seller and are not intended to serve as representations with respect to Taxes attributable to any periods after the Closing or with respect to Tax positions taken after the Closing.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 3.13</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Intellectual Property</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.13(a) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;sets forth all of the registered, issued or applied for trademarks, patents, service marks and copyrights owned by WST Seller and primarily used, or held primarily for use, in, or necessary for, WST Seller to lease, develop, construct and sell the Project, and otherwise conduct its business related to the Project Assets, as currently conducted, consistent with Prudent Utility Practice.  Other than the Excluded Assets, the items set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.13(a) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, and any rights and services to be provided to Sellers pursuant to Subcontracts, (i) no material Intellectual Property has been licensed or made available to WST Seller that is primarily used, or held primarily for use, in, or necessary for, WST Seller to lease, develop, construct and sell the Project, and otherwise conduct its business related to the Project Assets, as currently owned and conducted, consistent with Prudent Utility Practice and (ii) no Intellectual Property included in the Project Assets has been licensed by WST Seller to any third party.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Except as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.13(b) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, to WST Seller&#8217;s Knowledge (i) WST Seller&#8217;s ownership, leasing, development, construction, energization, operation and maintenance of the Project Assets as currently conducted does not infringe or otherwise violate any third-party Intellectual Property rights and (ii) no third party is infringing or otherwise violating any Intellectual Property rights owned by WST Seller for use in the ownership, leasing, development, construction, energization, operation or maintenance of the Project Assets (including Buyer&#8217;s future use) and included in the Project Assets. </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">25</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 3.14&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Credit Support</font><font style="font-family:inherit;font-size:11.9pt;">.  Other than as set forth on </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 3.14 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:11.9pt;">, there is no Credit Support provided by or on behalf of WST Seller or any of its Affiliates relating to the ownership, leasing, development, construction, energization, operation or maintenance of the Project or the Project Assets.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 3.15&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Affiliate Arrangements</font><font style="font-family:inherit;font-size:11.9pt;">.  Except as set forth in </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 3.15 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:11.9pt;">, no Affiliate of WST Seller, or any director, officer or employee of any such Affiliate, is a party to any Contract with WST Seller related to the Project Assets or Assumed Liabilities that will not be terminated prior to the Closing Date or that is necessary for, the ownership, leasing, development, construction, operation and maintenance of the Project and the Project Assets by Buyer.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 3.16&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Brokers</font><font style="font-family:inherit;font-size:11.9pt;">.  Neither WST Seller nor any of its Affiliates has any Liability or obligation to pay fees or commissions to any broker, finder or agent with respect to the Transactions for which Buyer or any of its Affiliates would become liable or obliged.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 3.17&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Insurance</font><font style="font-family:inherit;font-size:11.9pt;">.  </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 3.17 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:11.9pt;">&#32;sets forth a true, complete and correct list and description of all insurance policies in force and held by WST Seller or any of its Affiliates with respect to the Project Assets, together with a statement of the aggregate amount of claims relating to the Project, the Project Site or the Project Assets paid out since the applicable insurance policy was obtained and claims relating to the Project, the Project Site or the Project Assets pending under each such insurance policy.  As of the Development Completion Acknowledgement Date, all such insurance policies are in full force and effect, all premiums due thereon have been paid and WST Seller is in compliance in all material respects with the terms and provisions of such insurance policies.  Furthermore, solely as they relate to the Project, the Project Site and the Project Assets, as of the Development Completion Acknowledgement Date: (a) there is no claim pending under any of such insurance policies as to which coverage has been questioned, denied or disputed by the underwriters of such insurance policies; and (b) WST Seller has received no written notice that the Project, the Project Site, or any Project fixtures, equipment or improvements, or the operation thereof, will not be insurable or will be subject to exclusions arising from actual or potential defects in the Project, Project Site or Project Assets.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 3.18&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Data Room</font><font style="font-family:inherit;font-size:11.9pt;">.  The copies of documents, instruments, Contracts and reports in the Data Room conform to the originals thereof, and in the case of Contracts, include all written amendments, waivers, supplements, schedules and exhibits thereto.  Without limiting the representations and warranties set forth in </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Sections 3.7(e)</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">3.9(b)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;and </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">3.10(d)</font><font style="font-family:inherit;font-size:11.9pt;">, and, if applicable, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 3.19(b)</font><font style="font-family:inherit;font-size:11.9pt;">, WST Seller has posted to the Data Room true and correct copies of (a) all contracts and agreements (i) executed by either Seller in connection with the development and construction of the Project and (ii) for which the expected cost of performing such contract in the ordinary course by such Seller, or the annual revenue expected to be received in the ordinary course by such Seller exceeds One Hundred Thousand Dollars ($100,000) in the aggregate, (b) all studies and reports in either Seller&#8217;s possession or control commissioned or issued in connection with the development and construction of the Project and (c) all notices, orders, inspection reports, material correspondence or other material communications, which, in each case, WST Seller or RETA Seller, as applicable, has delivered to or received from any Third Person in connection with the development and construction of the Project, including all material </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">26</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">communications from Governmental Entities, but excluding in all events any Excluded Contracts (and any information delivered pursuant thereto) and any information described in the definition of Excluded Books and Records.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 3.19</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Eminent Domain Property</font><font style="font-family:inherit;font-size:12pt;">.  Solely in the event that any RETA Eminent Domain Proceedings exist and are continuing as of the Closing Date:</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As of each Eminent Domain Property Transfer Date, RETA Seller has (i) good and marketable title to any fee interest (if any) in the applicable Eminent Domain Property and (ii) a valid, binding and enforceable right-of-way or easement in any such Eminent Domain Property that is the subject of a right-of-way or easement (if any), in each case of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clauses (i)</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">(ii)</font><font style="font-family:inherit;font-size:12pt;">&#32;free and clear of all Liens, other than Permitted Liens.  As of each Eminent Domain Property Transfer Date, no Person other than RETA Seller (or Buyer) (x) owns or has any leasehold interest in, or option or other right to acquire an interest in (contingent or otherwise) any of the applicable Eminent Domain Property, including a right of first refusal or a right of first offer (other than immaterial rights, such as grazing rights), or (y) has any Lien on Eminent Domain Property, in each case of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clauses (x)</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">(y)</font><font style="font-family:inherit;font-size:12pt;">, other than any Permitted Lien.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As of each Eminent Domain Property Transfer Date, WST Seller has provided Buyer with true and complete copies of all Real Property Agreements related to the applicable Eminent Domain Property by the posting of such Real Property Agreements in the Data Room.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As of each Eminent Domain Property Transfer Date, each Real Property Agreement related to the applicable Eminent Domain Property is in full force and effect and constitutes the legal, valid and binding obligation of RETA Seller and, to WST Seller&#8217;s Knowledge, the other parties thereto, enforceable against RETA Seller and, to WST Seller&#8217;s Knowledge, each other party thereto, as applicable, in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other Laws relating to or affecting creditors&#8217; rights generally and general equitable principles.  As of each Eminent Domain Property Transfer Date, RETA Seller is not in material breach under any such Real Property Agreement to which it is a party, and, as of each Eminent Domain Property Transfer Date, no consideration is due or will become due in the ordinary course from and after such Eminent Domain Property Transfer Date under any applicable Real Property Agreements. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As of each Eminent Domain Property Transfer Date (after giving effect to any amendment or termination of the Eminent Domain License on such Eminent Domain Property Transfer Date), (i) RETA Seller has not granted any Person the right to use or occupy the applicable Eminent Domain Property or any portion thereof, (ii) RETA Seller has not granted any outstanding options, rights of first refusals, rights of first offer or other third-party rights to sell, assign or dispose of any interest in such Eminent Domain Property and (iii) RETA Seller has not granted any right or interest which has or will limit, alter or restrict any right of Buyer to use or occupy such Eminent Domain Property or any portion thereof.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 3.20</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Eminent Domain License</font><font style="font-family:inherit;font-size:12pt;">.  Solely in the event that any RETA Eminent Domain Proceedings exist and are continuing as of the Closing Date:</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">27</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As of the Closing Date, RETA Seller has all requisite power and authority under Law to enter into the Eminent Domain License and to perform all of its obligations thereunder, including the granting to Buyer of the right to enter upon and use the Eminent Domain Property. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">As of the Closing Date, pursuant to the Eminent Domain License, RETA Seller&#8217;s grant to Buyer of the right to enter upon and use the Eminent Domain Property includes the granting of all rights necessary and sufficient to allow for Buyer&#8217;s uninterrupted use of the Eminent Domain Property for all purposes related to the ownership, operation, maintenance, leasing, development and construction of the Project, subject in all cases to the applicable RETA Eminent Domain Proceedings.  As of the Closing Date, RETA Seller has not granted any Person other than Buyer the right to use or occupy the applicable Eminent Domain Property or any portion thereof.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 3.21</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">No Other Representations or Warranties</font><font style="font-family:inherit;font-size:12pt;">.  Except for the representations and warranties contained in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article III</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article IV</font><font style="font-family:inherit;font-size:12pt;">, neither WST Seller nor any other Person has made any other express or implied representation or warranty to Buyer with respect to WST Seller, the Project Assets, the Transactions or otherwise, and WST Seller disclaims any other representations or warranties, whether made by WST Seller, or any of its officers, directors, managers, employees, agents or representatives.  Except for the representations and warranties contained in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article III</font><font style="font-family:inherit;font-size:12pt;">, WST Seller hereby disclaims all liability and responsibility for any representation, warranty, projection, forecast, statement or information made, communicated or furnished (orally or in writing) to Buyer or its Affiliates or representatives (including any information, projection or advice that may have been or may be provided or made available to Buyer or its Affiliates by any director, officer, manager, member, employee, agent, consultant or representative of WST Seller).</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ARTICLE IV</font><font style="font-family:inherit;font-size:10pt;"><br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">REPRESENTATIONS AND WARRANTIES RELATING TO RETA SELLER</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RETA Seller hereby represents and warrants to Buyer as of the Execution Date, the Development Completion Acknowledgement Date and the Closing Date, except for those representations and warranties that are made as of a specific date, as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 4.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Organization and Existence</font><font style="font-family:inherit;font-size:12pt;">.  RETA Seller is a public body of the State of New Mexico, politic and corporate, separate and apart from the state, constituting a governmental instrumentality for the performance of essential public functions.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 4.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Authorization</font><font style="font-family:inherit;font-size:12pt;">.  RETA Seller has all requisite power and authority to enter into this Agreement and the Ancillary Agreements to which it is a party, to perform its obligations hereunder and thereunder and to consummate the Transactions.  The execution, delivery and performance by RETA Seller of this Agreement and the Ancillary Agreements to which it is a party and the consummation by RETA Seller of the Transactions have been duly authorized by all  necessary  action  on  the  part  of  RETA  Seller.   This  Agreement  and  each  Ancillary Agreement  (a)  have  been  duly  and  validly  executed  and  delivered  by  RETA  Seller  and (b)  constitute  (assuming  the  due  execution  and  delivery  by  Buyer  and  RETA  Seller,  as </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">28</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">applicable) a valid and legally binding obligation of RETA Seller, enforceable against RETA Seller in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other Laws relating to or affecting creditors&#8217; rights generally and general equitable principles. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 4.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Noncontravention</font><font style="font-family:inherit;font-size:12pt;">.  Except as set forth on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 4.3 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Seller Consents</font><font style="font-family:inherit;font-size:12pt;">&#8221;), the execution, delivery and performance of this Agreement and the Ancillary Agreements to which RETA Seller is a party by RETA Seller do not, and the consummation by RETA Seller of the Transactions will not (a) contravene or violate any statutory power of RETA Seller; (b) subject to obtaining the consents and approvals set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 4.4 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, conflict with or result in a material violation or breach of any term or provision of any Law applicable to RETA Seller; (c) contravene or violate any provision of, or result in the termination or acceleration of, or entitle any party to accelerate any obligation or Indebtedness under, any Assigned Contract or Transferred Permit to which RETA Seller is a party or by which RETA Seller is bound; or (d) result in the imposition or creation of any Lien upon or with respect to any of the Project Assets (other than Permitted Liens), except, in the case of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clauses (c)</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">(d)</font><font style="font-family:inherit;font-size:12pt;">, as would not, individually or in the aggregate, reasonably be expected to prevent or materially impair or delay the ability of RETA Seller to perform its obligations hereunder or consummate the Transactions.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 4.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Governmental Approvals</font><font style="font-family:inherit;font-size:12pt;">.  (x) Except as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 4.4 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Seller Approvals</font><font style="font-family:inherit;font-size:12pt;">&#8221;), (y) other than consents and approvals that, if not obtained or made, would not, individually or in the aggregate, reasonably be expected to prevent or materially delay the ability of RETA Seller to perform its obligations hereunder or consummate the Transactions, and (z) and unless one or more notification filings, and the observance of any applicable waiting period, is required by the HSR Act, no consent or approval of any Governmental Entity is required for or in connection with the execution, delivery and performance by RETA Seller of this Agreement or the Ancillary Agreements to which RETA Seller is a party, or the consummation by RETA Seller of the Transactions.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 4.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Legal Proceedings</font><font style="font-family:inherit;font-size:12pt;">.  Except as would not, individually or in the aggregate, reasonably be expected to prevent or materially impair or delay the ability of RETA Seller to perform its obligations hereunder or consummate the Transactions, as of the Execution Date, there are (i) no Claims pending or (ii) to RETA Seller&#8217;s Knowledge, no material Claims threatened, in each case, against RETA Seller with respect to the Project Assets or Assumed Liabilities before any Governmental Entity.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 4.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Compliance with Laws</font><font style="font-family:inherit;font-size:12pt;">.  Except as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 4.6 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, RETA Seller is in compliance, in all material respects, with all Laws applicable to the Project Assets or Assumed Liabilities or RETA Seller&#8217;s ownership, leasing, development, construction, energization, operation and maintenance thereof.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 4.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Brokers</font><font style="font-family:inherit;font-size:12pt;">.  RETA Seller has no Liability or obligation to pay fees or commissions to any broker, finder or agent with respect to the Transactions for which Buyer or any of its Affiliates would become liable or obliged.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">29</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 4.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">No Other Representations or Warranties</font><font style="font-family:inherit;font-size:12pt;">.  Except for the representations and warranties contained in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article IV</font><font style="font-family:inherit;font-size:12pt;">, RETA Seller has not made any other express or implied representation or warranty to Buyer with respect to RETA Seller, the Project Assets, the Transactions or otherwise, and RETA Seller disclaims any other representations or warranties, whether made by RETA Seller, or any of its officers, directors, managers, employees, agents or representatives.  Except for the representations and warranties contained in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article IV</font><font style="font-family:inherit;font-size:12pt;">, RETA Seller hereby disclaims all liability and responsibility for any representation, warranty, projection, forecast, statement or information made, communicated or furnished (orally or in writing) to Buyer or its Affiliates or representatives (including any information, projection or advice that may have been or may be provided or made available to Buyer or its Affiliates by any director, officer, manager, member, employee, agent, consultant or representative of RETA Seller).</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ARTICLE V</font><font style="font-family:inherit;font-size:10pt;"><br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">REPRESENTATIONS AND WARRANTIES OF BUYER</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Buyer hereby represents and warrants to each Seller, as of the Execution Date and the Closing Date, except for those representations and warranties that are made as of a specific date, as follows:</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 5.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Organization and Existence</font><font style="font-family:inherit;font-size:12pt;">.  Buyer is a corporation duly incorporated, validly existing and in good standing under the Laws of the State of New Mexico.  Buyer is duly qualified or licensed to do business in each other jurisdiction where the actions to be performed by it under this Agreement or any Ancillary Agreement to which it is a party makes such qualification or licensing necessary, except in any jurisdiction where the failure to be so qualified or licensed would not reasonably be expected to be material.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 5.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Authorization</font><font style="font-family:inherit;font-size:12pt;">.  Buyer has all requisite corporate power and authority to enter into this Agreement and the Ancillary Agreements to which it is a party, to perform its obligations hereunder and thereunder and to consummate the Transactions.  The execution, delivery and performance by Buyer of this Agreement and the consummation by Buyer of the Transactions have been duly authorized by all necessary action on the part of Buyer.  This Agreement and each other Ancillary Agreement to which it is a party (a) have been duly and validly executed and delivered by Buyer and (b) constitute (assuming the due execution and delivery by each Seller) a valid and legally binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar Laws relating to or affecting creditors&#8217; rights generally and general equitable principles.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 5.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Noncontravention</font><font style="font-family:inherit;font-size:12pt;">.  Except as set forth on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 5.3 of Buyer&#8217;s Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer Consents</font><font style="font-family:inherit;font-size:12pt;">&#8221;), the execution, delivery and performance of this Agreement and the Ancillary Agreements to which Buyer is a party by Buyer do not, and the consummation by Buyer of the Transactions will not (a) contravene or violate any provision of the Organizational Documents of Buyer; (b) subject to obtaining the consents and approvals set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 5.4 of Buyer&#8217;s Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, conflict with or result in a violation or breach of any term or provision of any Law applicable to Buyer; or (c) contravene or violate any </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">30</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">provision of, or result in the termination or acceleration of, or entitle any party to accelerate any obligation or Indebtedness under, any material Contract or Permit to which Buyer is a party or by which Buyer is bound.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 5.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Governmental Approvals</font><font style="font-family:inherit;font-size:12pt;">.  (x) Except as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 5.4 of Buyer&#8217;s Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer Approvals</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and (y) unless one or more notification filings, and the observance of any applicable waiting period, is required by the HSR Act, no consent or approval of any Governmental Entity is required for or in connection with the execution, delivery and performance by Buyer of this Agreement or the Ancillary Agreements to which Buyer is a party, or the consummation by Buyer of the Transactions.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 5.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Compliance with Laws</font><font style="font-family:inherit;font-size:12pt;">.  Buyer is not in violation of any applicable Law, except for violations that would not, individually or in the aggregate, reasonably be expected to prevent or materially delay or impair Buyer&#8217;s ability to perform its obligations under this Agreement and the Ancillary Agreements or consummate the Transactions.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 5.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Legal Proceedings</font><font style="font-family:inherit;font-size:12pt;">.  Except as would not, individually or in the aggregate, reasonably be expected to prevent or materially impair or delay the ability of Buyer to perform its obligations hereunder or consummate the Transactions, as of the Execution Date, there are no Claims pending or, to Buyer&#8217;s Knowledge, threatened, against Buyer or otherwise affecting any of its assets or properties before any Governmental Entity.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 5.7</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Brokers</font><font style="font-family:inherit;font-size:12pt;">.  Neither Buyer nor any of its Affiliates has any Liability or obligation to pay fees or commissions to any broker, finder or agent with respect to the Transactions for which either Seller or their respective Affiliates would become liable or obliged.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 5.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Available Funds</font><font style="font-family:inherit;font-size:12pt;">.  At the Closing, Buyer will have all immediately available funds necessary for its payment in cash of the Purchase Price and the satisfaction of all of Buyer&#8217;s obligations under this Agreement.  Buyer acknowledges and agrees that the receipt or availability of funds or financing by Buyer or any of its Affiliates will not be a condition to any of Buyer&#8217;s obligations hereunder.  To Buyer&#8217;s Knowledge, no funds to be paid to WST Seller have derived or will have been derived from, or constitute, either directly or indirectly, proceeds of any criminal activity under any applicable anti-money laundering Laws. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 5.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer Ownership, Operations and Maintenance Permits</font><font style="font-family:inherit;font-size:12pt;">.  All Permits that are required to be obtained for the ownership, operation and maintenance of the Project Assets (including Buyer&#8217;s future use), including any Permits required under Environmental Laws, are set forth on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 5.9 of Buyer&#8217;s Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 5.10</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Information</font><font style="font-family:inherit;font-size:12pt;">.  Buyer (either alone or together with its advisors) has such knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks of its purchase of the Project Assets and Assumed Liabilities and is capable of bearing the economic risks of such purchase.  Buyer&#8217;s acceptance of the Project Assets and Assumed Liabilities at the Closing shall be based upon its own investigation, examination and determination with respect thereto as to all matters and without reliance upon any express or implied representations or warranties of any nature made by or on behalf of or imputed to either Seller, except as expressly set forth in this Agreement or the Ancillary Agreements, and Buyer </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">31</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">specifically acknowledges and agrees that no representation or warranty has been made, and that Buyer has not relied on any representation or warranty as to any of the Project Assets or Assumed Liabilities, or the accuracy of any estimates or budgets, except as expressly set forth in this Agreement or the Ancillary Agreements, or any other information or documents made available to Buyer, its Affiliates or its or its Representatives.  Buyer has engaged and relied on its own legal, tax and financial advisers for its evaluation of its decision to purchase the Project Assets and Assumed Liabilities and to enter into this Agreement and has not relied on the advice of either Seller&#8217;s legal, tax or financial advisers in connection therewith.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ARTICLE VI</font><font style="font-family:inherit;font-size:10pt;"><br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">COVENANTS</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Access to Information and Ongoing Diligence</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(a)&#160;&#160;&#160;&#160;During the Interim Period, upon reasonable advance notice to Sellers and at reasonable times (subject to reasonable safety precautions), each Seller shall provide Buyer and its Representatives with access to, and the opportunity to make inspections of (i) such Seller&#8217;s premises and properties (including the Project) and (ii) the Books and Records and other information (including Tax records) held by such Seller, in each case, related to the Project Assets or the Assumed Liabilities, in each case, as reasonably requested by Buyer; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">, that neither Buyer nor any of its Affiliates or Representatives shall conduct any subsurface investigation or invasive inspection or testing of any environmental media without the prior written consent of each Seller (it being understood and agreed that (x) such consent may be withheld by either Seller in its sole discretion and (y) such Seller may have no such authority, whether contractual or otherwise, to consent to such undertakings with respect to such property); </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">further</font><font style="font-family:inherit;font-size:11.9pt;">, that Buyer shall have the right to be present at the Project to observe all activities related to start-up, synchronization, testing and commissioning as well as the activities related to &#8220;Quality Control&#8221; in </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Annex 2</font><font style="font-family:inherit;font-size:11.9pt;">&#32;and pursuant to Section 1.2.1 of </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Annex 11</font><font style="font-family:inherit;font-size:11.9pt;">.  Notwithstanding the foregoing, and without limiting the generality of the confidentiality provisions set forth in this Agreement or any Ancillary Agreement, no Seller shall be required to provide any information if (1) such disclosure would be reasonably likely to contravene any applicable Laws, Permits, Contracts, fiduciary duty or other binding obligation of such Seller, (2) such disclosure would be reasonably likely to jeopardize any attorney-client privilege or attorney work product protection or (3) such information is pertinent to any litigation in which such Seller or any of its Affiliates, on the one hand, and Buyer or any of its Affiliates, on the other hand, are adverse parties; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">further</font><font style="font-family:inherit;font-size:11.9pt;">, that nothing herein shall limit any Party&#8217;s rights to discovery in connection with any litigation.  Any access to the Representatives, premises, properties, Books and Records and other information of each Seller shall be subject to the following additional limitations: (A) a Representative of such Seller shall have the right to be present when Buyer, any of its Affiliates or any of its Representatives conducts its inspection, (B) Buyer and its Representatives shall comply with all Laws and all safety rules of which WST Seller makes Buyer aware or has posted at the applicable premises or property and (C) Buyer shall (and shall cause its Affiliates and Representatives  to)  (I)  use  commercially  reasonable  efforts  to  perform  all  on-site  due diligence  reviews  and  all  communications  with  any  Person  on  an  expeditious  and  efficient basis  and  (II)  indemnify,  defend  and  hold  harmless  the  applicable  Seller  and  its  Affiliates and  its  Representatives  from  and  against  all  losses  incurred  by  such  Seller,  directly  or </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">32</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">indirectly, resulting from physical damage to Persons or property arising out of the activities of Buyer, any of its Affiliates or any of its Representatives under this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.1(a)</font><font style="font-family:inherit;font-size:12pt;">; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that if a Seller receives any Recoveries in respect of any amounts paid by Buyer pursuant to this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clause (II)</font><font style="font-family:inherit;font-size:12pt;">, the amount of such Recoveries shall be repaid by the applicable Seller within twenty (20) days after receipt thereof (or credit therefor) by the applicable Seller, up to the aggregate amount of the payments made by Buyer to the applicable Seller pursuant to this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clause (II)</font><font style="font-family:inherit;font-size:12pt;">.  The applicable Seller shall use commercially reasonable efforts to recover any losses for any physical damage to Persons or property arising out of the activities of Buyer, any of its Affiliates or any of its Representatives under this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.1(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;pursuant to any insurance policy held by such Seller.  The foregoing indemnification obligation in favor of the Sellers and their respective Affiliates shall survive the Closing or termination of this Agreement for a period of twelve (12) months.  In addition to Buyer&#8217;s right of access to the Books and Records pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.1(a)(ii)</font><font style="font-family:inherit;font-size:12pt;">, WST Seller shall provide copies of the full set of Books and Records to Buyer for review no later than thirty (30) days prior to the anticipated Closing Date. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">None of Buyer, any of its Affiliates or any of its Representatives shall, prior to the Closing Date, initiate contact with any of the known employees, customers, suppliers, distributors, contractors, lenders, agents or parties (or Representatives of any of the foregoing) that have material business relationships with WST Seller or any of its Affiliates, or any Governmental Entity or Representative thereof, in connection with the Transactions, whether in person or by telephone, mail or other means of communication, without the prior written consent of WST Seller, not to be unreasonably withheld, conditioned or delayed; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, notwithstanding anything to the contrary in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 11.1</font><font style="font-family:inherit;font-size:12pt;">, e-mail consent from any Representative of WST Seller shall suffice to satisfy the requirement hereunder that consent be given in writing and Buyer shall be entitled to rely on such e-mail consent for all purposes of this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.1(b)</font><font style="font-family:inherit;font-size:12pt;">; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">further</font><font style="font-family:inherit;font-size:12pt;">, that nothing in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.1(b)</font><font style="font-family:inherit;font-size:12pt;">&#32;shall prevent (i) contacts by Buyer in the ordinary course of business not specifically for purposes relating to the Transactions and (ii) contacts contemplated by this Agreement, including in connection with seeking Assigned Contract Consents, the transfer or reissuance of Transferred Permits, the FERC Approvals, the NMPRC Approval and the other Governmental Approvals. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Conduct of Business Pending the Closing</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">During the Interim Period, WST Seller shall use commercially reasonable efforts to perform or provide, or cause to be performed or provided, all necessary work and services required in connection with the development (which for the avoidance of doubt includes permitting), construction, financing, energization and testing of the Project.  All such work and services performed by WST Seller shall be performed in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article I</font><font style="font-family:inherit;font-size:12pt;">&#32;and otherwise in accordance with this Agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">During the Interim Period, WST Seller shall use commercially reasonable efforts to (i) ensure that any warranties with respect to the Project are enforced to the fullest extent necessary to maintain the Project in accordance with Prudent Utility Practice and (ii) own and operate the Project in accordance with Prudent Utility Practice.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">33</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(c)&#160;&#160;&#160;&#160;During the Interim Period, RETA Seller shall act at all times in accordance with all applicable Laws and Permits and the terms and conditions of the Master Lease Agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(d)&#160;&#160;&#160;&#160;During the Interim Period, except (w) as set forth on </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 6.2 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:11.8pt;">, (x) as contemplated by this Agreement, (y) as required by applicable Law, Permit or Assigned Contract or (z) as consented to in writing by Buyer, neither Seller shall:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(i)&#160;&#160;&#160;&#160;liquidate, dissolve, reorganize or otherwise wind up its business or operations;</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(ii)&#160;&#160;&#160;&#160;grant, impose or permit to exist any Liens on any Project Asset (other than Permitted Liens);</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(iii)&#160;&#160;&#160;&#160;enter into any Additional Assigned Contract, except for any EPC Contract, any Pre-Approved Real Property Agreement and Additional Assigned Contracts entered into with the consent of Buyer in accordance with </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 6.2(f)</font><font style="font-family:inherit;font-size:11.8pt;">;</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(iv)&#160;&#160;&#160;&#160;amend, waive any material term of or terminate any Assigned Contract, or Additional Assigned Contract, in each case, except for:</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(1)&#160;&#160;&#160;&#160;amendments and change orders that do not amend or modify (A) the Specifications in any material respect (or, if they do amend or modify the Specification in any material respect, unless the Independent Engineer has confirmed that any such amendment or modification does not impair the operation and maintenance of the Project relative to the Specifications), (B) any warranty rights or obligations under the applicable agreement or (C) any other material rights or obligations under the applicable agreement that survive the Closing Date;</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(2)&#160;&#160;&#160;&#160;ministerial or immaterial amendments or waivers, in each case, that would not reasonably be expected to have an adverse impact on Buyer or its rights thereunder following the Closing; and</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:144px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(3)&#160;&#160;&#160;&#160;amendments expressly required by the terms thereof as of the Execution Date or, in the case of Additional Assigned Contracts, as of the date of execution; or</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(v)&#160;&#160;&#160;&#160;agree or commit to do any of the foregoing.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(e)&#160;&#160;&#160;&#160;With respect to any Transferred Permits for which the date for renewal is reasonably expected to occur prior to the Closing Date, the applicable Seller shall file by the Closing Date all Permit Applications necessary to renew such Transferred Permits in a timely fashion without any material modifications to the terms of such Permits, except as may be required by applicable Law.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(f)&#160;&#160;&#160;&#160;Except for any EPC Contract, any Pre-Approved Real Property Agreement and the telecom and electric station service agreements as set forth in Items 1.a. and 1.b. on </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 6.2  of  Sellers&#8217; 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or (ii) includes material continuing liabilities or obligations after Closing that Buyer will be obligated to assume (and which liabilities or obligations would not reasonably be expected to be recoverable through the incremental rates approved, or expected to be approved, in the FERC 205 Approval) (each such Contract, an &#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Additional Assigned Contract</font><font style="font-family:inherit;font-size:11.9pt;">&#8221;) without the prior written consent of Buyer (not to be unreasonably withheld, conditioned or delayed).  Within five (5) Business Days following the Execution Date, Buyer shall designate to the Sellers in writing two (2) of its Representatives as the point of contact for any such requests relating solely to entering into any Contract involving Real Property, which Representatives may be replaced by Buyer from time to time by written notice to Sellers (such designated Representatives and any replacements, the &#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Designated Representatives</font><font style="font-family:inherit;font-size:11.9pt;">&#8221;).  Notwithstanding anything to the contrary in </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 11.1</font><font style="font-family:inherit;font-size:11.9pt;">, e-mail consent from any Designated Representative of Buyer relating solely to entering into any Contract involving Real Property shall suffice to satisfy the requirement hereunder that consent to entering into such Contracts involving Real Property be given in writing and each Party shall be entitled to rely on such e-mail consent for all purposes of this </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.2(f)</font><font style="font-family:inherit;font-size:11.9pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(g)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Notwithstanding anything to the contrary in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.2</font><font style="font-family:inherit;font-size:12pt;">, either Seller shall be permitted to take such actions as it reasonably deems necessary to prevent the occurrence of, or mitigate the effects of, damage to property or injury to persons under emergency circumstances; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that such Seller shall provide Buyer with notice of such action as soon as reasonably practicable.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(h)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">During the Interim Period, each Party shall promptly (but in any event within five (5) Business Days) notify the other Party of any Claim from any Person (including any Governmental Entity) against such Party or affecting any of its respective assets, in each case, that has resulted or would reasonably be expected to result in the failure of any conditions set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article VII</font><font style="font-family:inherit;font-size:12pt;">&#32;to be satisfied.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(i)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">In the event that any eminent domain proceedings, condemnation proceedings or similar proceedings are reasonably expected to be commenced with respect to any property that may become a part of the Real Property, the Project or the Project Site, WST Seller and RETA Seller shall, as soon as commercially practicable, confer in good faith with Buyer regarding the handling of such proceedings and their effects prior to implementing such proceedings; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, for the avoidance of doubt, Buyer shall not have any approval right over RETA Seller&#8217;s decision to exercise its eminent domain, condemnation or similar powers with respect to any such property or the handling of such proceedings by either Seller.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Assigned Contracts</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">35</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">During the Interim Period, WST Seller and RETA Seller, at WST Seller&#8217;s sole cost and expense, shall obtain the WST Seller Consents and RETA Seller Consents and any other consents required of any party to an Assigned Contract that are required in order for consummation of the transactions contemplated by </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.1</font><font style="font-family:inherit;font-size:12pt;">&#32;not to contravene or violate any provision of any Assigned Contract (collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Assigned Contract Consents</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and Buyer shall provide reasonable cooperation related thereto.  With respect to any Assigned Contract to which Buyer is the Counterparty, Buyer hereby consents to the assignment of such Assigned Contract by the applicable Seller to Buyer.  For the avoidance of doubt, any payment required to be made to any Counterparty or to any other party in connection with obtaining the WST Seller Consents and RETA Seller Consents shall be at the sole cost and expense of WST Seller.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Notwithstanding WST Seller&#8217;s obligations pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sections 2.1(d)</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">6.3(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">7.1(g)</font><font style="font-family:inherit;font-size:12pt;">, if WST Seller reasonably believes that any Assigned Contract Consent may not be obtained at or prior to the Closing, WST Seller and Buyer shall discuss and Buyer shall consider in good faith entering into a commercially reasonable alternative arrangement that will place Buyer and the applicable Seller in the same or substantially similar position, and provide Buyer with the same or substantially similar rights, privileges and benefits, in each case, as if such Assigned Contract Consent had been obtained.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Following the Closing, Sellers shall reasonably cooperate with Buyer in Buyer&#8217;s efforts to provide any notices to Counterparties to any Assigned Contracts as Buyer (acting reasonably) may deem necessary, including notices providing Counterparties with updated notice information and updated bank account information to which any applicable payments should be made by such Counterparties.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Permits</font><font style="font-family:inherit;font-size:12pt;">. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">During the Interim Period, to the extent that the consent or approval of any Governmental Entity is required in order for the consummation of the transactions contemplated by </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.1(c)</font><font style="font-family:inherit;font-size:12pt;">&#32;not to contravene or violate any provision of any Transferred Permit or Permit Application or applicable Law (for the avoidance of doubt, excluding any Construction Permit), the applicable Seller(s) shall either transfer to Buyer, or obtain the reissuance in Buyer&#8217;s name of, each such Transferred Permit or Permit Application at the Closing (and Buyer shall provide reasonable cooperation related thereto).  Sellers and Buyer shall have the right to review in advance all characterizations of the information relating to the Transactions which appear in any document to be submitted in connection with any filings to transfer any Transferred Permit or Permit Application, and the filing Party shall consider in good faith any comments reasonably requested by the non-filing Parties.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(b)&#160;&#160;&#160;&#160;Notwithstanding WST Seller&#8217;s obligations pursuant to </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Sections 2.1(c)</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">6.4(a)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;and </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">7.1(h)</font><font style="font-family:inherit;font-size:11.9pt;">, if WST Seller reasonably believes that it may be unable to obtain the transfer or reissuance of any Transferred Permit or Permit Application to Buyer at or prior to the Closing, WST Seller and Buyer shall discuss and Buyer shall consider in good faith entering into a commercially reasonable alternative arrangement that, to the extent permitted by applicable Law and without violating the terms of such Transferred Permit or Permit Application, will place Buyer and the applicable Seller in the same or substantially similar position, and provide Buyer </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">36</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">with the same or substantially similar rights, privileges and benefits, in each case, as if such Transferred Permit or Permit Application had been transferred or reissued to Buyer.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(c)&#160;&#160;&#160;&#160;If the applicable Governmental Entity requires that Buyer apply for the Bernalillo County Approvals, rather than WST Seller, Buyer shall apply for the Bernalillo County Approvals as soon as practicable and on a timeline consistent with obtaining such Bernalillo County Approvals prior to the expected Commercial Operation Date.  In furtherance of the foregoing, if applicable, Buyer shall include WST Seller in the process of obtaining the Bernalillo County Approvals and any similar Permits required for the Pajarito Switching Station, including (i) promptly informing WST Seller of any material communication received from such applicable Governmental Entity with respect to the Bernalillo County Approvals and/or such Permits, (ii) permitting WST Seller to have reasonable time and opportunity (and in no event less than ten (10) Business Days) to review and comment on the application (including accompanying exhibits and amendments thereto) and any other filings or statements in connection with the Bernalillo County Approvals and/or such Permits and will consider in good faith the incorporation of any comments reasonably requested by WST Seller, and (iii) providing WST Seller the opportunity (if permitted by applicable Law) to participate in any in person meetings, teleconferences, or other correspondence that Buyer has with such applicable Governmental Entity in connection with the Bernalillo County Approvals and/or such Permits.  If WST Seller applies for the Bernalillo County Approvals, WST Seller shall include Buyer in the process of obtaining such approvals, including with respect to the topics covered in clauses (i) through (iii) above.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(d)&#160;&#160;&#160;&#160;For the avoidance of doubt, the NMPRC Approval, the FERC Approvals and the other Governmental Approvals shall be governed by </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.6</font><font style="font-family:inherit;font-size:11.9pt;">&#32;and not this </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.4</font><font style="font-family:inherit;font-size:11.9pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 6.5&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Publicity; Confidentiality</font><font style="font-family:inherit;font-size:11.9pt;">. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(a)&#160;&#160;&#160;&#160;Neither Buyer nor either Seller or any of their respective Affiliates will disseminate any press release or other public announcement or disclosure concerning this Agreement, the Transactions or the Closing without the prior written consent of each of the other Parties (which consent shall not be unreasonably withheld, conditioned or delayed), except as may be required by applicable Law, Governmental Entity</font><font style="font-family:inherit;font-size:11.9pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:11.9pt;">or Permit (including any rules of an applicable securities exchange); </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">&#32;that, notwithstanding anything to the contrary in </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 11.1</font><font style="font-family:inherit;font-size:11.9pt;">, e-mail consent from any Representative of any Party shall suffice to satisfy the requirement hereunder that consent be given in writing and each Party shall be entitled to rely on such e-mail consent for all purposes of this </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.5(a)</font><font style="font-family:inherit;font-size:11.9pt;">.  Notwithstanding the foregoing, without prior written consent of the other Parties, each Party may disseminate information substantially consistent with information included in a press release or other document previously approved for external distribution by the other Parties pursuant to the first sentence of this </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.5(a)</font><font style="font-family:inherit;font-size:11.9pt;">, and each Party may make disclosures concerning this Agreement or the other Transactions in connection with its communications to such Governmental Entities pursuant to and in accordance with </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.6</font><font style="font-family:inherit;font-size:11.9pt;">. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(b)&#160;&#160;&#160;&#160;From and after the Execution Date and for a period of two (2) years after the Closing Date, each Party shall maintain the confidentiality of any information provided by or on behalf of any other Party, whether in oral or written form, in connection with this Agreement, </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">37</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:11.9pt;">any Ancillary Agreement and the Transactions, including this Agreement itself and any Ancillary Agreement, or that relates to the Project, the Project Assets or the Assumed Liabilities (collectively, &#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Confidential Information</font><font style="font-family:inherit;font-size:11.9pt;">&#8221;); </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">&#32;that the restrictions in this </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.5(b)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;shall not apply to any information that (i) is or becomes publicly available through no act of the receiving Party or its Representatives in breach hereof; (ii) was in receiving Party&#8217;s or its Representatives possession prior to its disclosure hereunder or under the MOU; (iii) is independently developed by receiving Party or its Representatives; (iv) is received by receiving Party or its Representatives from an outside source without any restriction on use or disclosure; (v) is required by applicable Law to be disclosed, but then only to the extent required by applicable Law,  including with respect to information required to be disclosed in connection with any regulatory proceeding or for U.S. Securities and Exchange Commission disclosure purposes, or (vi) has been specifically identified by disclosing Party as not being Confidential Information; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">further</font><font style="font-family:inherit;font-size:11.9pt;">, that nothing in this </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.5(b)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;shall limit any disclosures by any Party to the extent that such disclosure is reasonably deemed necessary by such Party to comply with such Party&#8217;s obligations under </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.3</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.4</font><font style="font-family:inherit;font-size:11.9pt;">&#32;and </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.6</font><font style="font-family:inherit;font-size:11.9pt;">.  No Party shall use Confidential Information for any purpose other than in connection with the Transaction or in connection with the acquisition, development, construction, energization, operation and maintenance of the Project.  The receiving Party agrees to return, or at its option, destroy, all originals and all copies of all documents or other media containing disclosing Party&#8217;s Confidential Information (or any work product derived therefrom) to the disclosing Party upon written request, other than to the extent stored as part of customary computer back up procedures, or as retained in accordance with its customary reasonable document retention policies, in which case such retained Confidential Information shall remain subject to this </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.5</font><font style="font-family:inherit;font-size:11.9pt;">.  The receiving Party may disclose Confidential Information to those of its Representatives, its Affiliates&#8217; Representatives and current or prospective financing parties and investors as is necessary in connection with the Transactions or the development or construction of the Project; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">&#32;that any such Representative (other than any Representative bound by professional obligations of confidentiality), financing party or investor is bound by substantially similar confidentiality terms as those herein.  The receiving Party shall be liable for any breach of confidentiality by its Representatives. </font><font style="font-family:inherit;font-size:12pt;">&#32;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">The Parties understand that pursuant to NMSA 1978, Section 62-16A-16, proprietary technical or business information is exempt from inspection pursuant to the Inspection of Public Records Act (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">IPRA</font><font style="font-family:inherit;font-size:12pt;">&#8221;), NMSA 1978, Section 14-2-1 et. seq., and pursuant to 17.8.2.9 NMAC, RETA Seller is authorized to enter into confidentiality agreements with other parties as necessary.  Each Party acknowledges and agrees that if a receiving Party of Confidential Information hereunder is served with any notice or request that disclosure of any Confidential Information is required by applicable Law, including but not limited to subpoenas requiring that Party to produce, release or disclose Confidential Information, or requests to produce Confidential Information under IPRA to RETA Seller or, in Buyer&#8217;s case, in connection with a matter subject to the jurisdiction of the NMPRC, that receiving Party shall immediately notify the disclosing Party of the specified Confidential Information and allow that disclosing Party, at its sole expense and cost, to challenge the process of law, including any subpoena, or assist with resisting the production of any documents by RETA Seller in response to an IPRA request. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Regulatory Approvals</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">38</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">It is agreed and acknowledged by Buyer, the Sellers, Pattern Wind and its successors and assigns and any Affiliate of WST Seller that is a party to the Transmission Service Agreements that on a timeline consistent with the Project Schedule but in no event earlier than execution of the Transmission Service Agreements by Buyer and Pattern Wind, Buyer, shall file with FERC an application to obtain an order from FERC pursuant to Section 205 of the Federal Power Act authorizing Buyer to use incremental rates for the Transmission Service Agreements that will account for (i) the costs of any network upgrades required pursuant to the LGIAs and the Wires-to-Wires Agreement, (ii) the Project Costs to be paid by Buyer pursuant to this Agreement and (iii) subject to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.21(c)</font><font style="font-family:inherit;font-size:12pt;">, the costs to be paid by Buyer to complete the Punch List Items (such order, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">FERC 205 Approval</font><font style="font-family:inherit;font-size:12pt;">&#8221; and the date of application, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">FERC 205 Filing Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;), provided that the prudently anticipated and reasonably estimated Projects Costs as of the FERC 205 Filing Date would result in a rate that is above Buyer&#8217;s embedded transmission rates as of the FERC 205 Filing Date.  For the avoidance of doubt, for purposes of this Agreement, a FERC 205 Approval shall only be considered to have been obtained if the applicable order(s) from FERC is final and non-appealable under Section 313 of the Federal Power Act and accepts Transmission Service Agreements with the requested incremental rates described above.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Sellers and Buyer shall draft and file with FERC, on the FERC 205 Filing Date, a mutually-agreed upon joint application to obtain an order pursuant to Section 203 of the Federal Power Act authorizing Buyer&#8217;s acquisition of the Project which includes the costs underlying the incremental rates as approved pursuant to the FERC 205 Approval (such order, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">FERC 203 Approval</font><font style="font-family:inherit;font-size:12pt;">&#8221; and together with the FERC 205 Approval, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">FERC Approvals</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  For the avoidance of doubt, for purposes of this Agreement, a FERC 203 Approval shall only be considered to have been obtained if the applicable order(s) from FERC is final and non-appealable under Section 313 of the Federal Power Act. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If necessary to lawfully consummate the Transactions, at least sixty (60) days prior to the expected Closing Date, Sellers and Buyer shall make any notification filings, and observe any applicable waiting periods, as may be required pursuant to the HSR Act (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">HSR Clearance</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">It is agreed and acknowledged by Buyer, the Sellers, Pattern Wind and its successors and assigns and any Affiliate of WST Seller that is a party to the Transmission Service Agreements that on a timeline consistent with the Project Schedule, Buyer, with assistance from Sellers, shall apply to the NMPRC for the NMPRC Approval to acquire or operate the Project Assets pursuant to this Agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(e)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Party shall, in order to consummate the Transactions, provide commercially reasonable cooperation to the other Parties, and proceed diligently and in good faith and use commercially reasonable efforts, as promptly as practicable, to take, or cause to be taken, and to do, or cause to be done, all things necessary or advisable to obtain the NMPRC Approval, the FERC Approvals, the HSR Clearance (if required) and the other Governmental Approvals, and cooperate in good faith with the applicable Governmental Entities, abide by the directives (from NMPRC or otherwise) of the applicable Governmental Entities and provide promptly such other information and communications to such Governmental Entities as such Governmental Entities may request in connection therewith.  Any filing fees required in </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">39</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">connection with any Governmental Approval shall be at the sole cost and expense of WST Seller; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:11.9pt;">, that, for the avoidance of doubt, WST Seller shall not be required to pay any legal fees of Buyer in connection with the foregoing. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(f)&#160;&#160;&#160;&#160;During the Interim Period, the Parties shall provide prompt notification to each other when any filings with respect to the NMPRC Approval, the FERC Approvals, the HSR Clearance (if required) or any other Governmental Approvals are made, and when such approvals are obtained or denied, as applicable.  In addition, each Party will (i) promptly inform the other Parties of any material communication received by such Party from any Governmental Entity with respect to the NMPRC Approval, the FERC Approvals, the HSR Clearance (if required) or any other Governmental Approval, in each case, regarding any of the Transactions, (ii) permit the other Parties to have reasonable time and opportunity (and in no event less than ten (10) Business Days) to review and comment on the application (including accompanying exhibits and amendments thereto) and any other filings or statements in connection with the NMPRC Approval, the FERC 205 Approval and the other Governmental Approvals and will consider in good faith the incorporation of any comments reasonably requested by any other Party, and (iii) provide the other Parties the opportunity (if permitted by applicable Law) to participate in any in person meetings, teleconferences, or other correspondence that such Party has with any Governmental Entity in connection with a Governmental Approval. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(g)&#160;&#160;&#160;&#160;In furtherance of the foregoing covenants, the Parties shall use commercially reasonable efforts to (i) make appropriate filings of all documents reasonably required to obtain the NMPRC Approval, the FERC Approvals, the HSR Clearance (if required) and the other Governmental Approvals in accordance with the Project Schedule and (ii) cooperate and supply as promptly as practicable any additional information or documentary material that may be requested by the NMPRC, FERC, Department of Justice, Federal Trade Commission, any other Governmental Entity, or Buyer in response to requests from non-governmental entities.  With respect to the FERC Approvals and NMPRC Approval, confidential treatment (or a protective order, as applicable) and expedited review will be requested to the extent deemed appropriate by the Parties after consultation with counsel and consideration of the commercial sensitivity of the documents and information to be included in the application to FERC and NMPRC and consideration of practical regulatory considerations with respect to disclosures to the FERC and NMPRC and the Parties&#8217; posture with respect to the FERC and NMPRC.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(h)&#160;&#160;&#160;&#160;Notwithstanding anything herein to the contrary, no Party shall be obligated to provide any other Party with proprietary information relating to such Party&#8217;s businesses or any information that could reasonably be expected to result in a violation of any applicable Law or Contract or constitute waiver of any attorney client privilege or attorney work product protection.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(i)&#160;&#160;&#160;&#160;Each Party and to the extent applicable, its Affiliates (including in the case of WST Seller, Pattern Wind) (i) shall use commercially reasonable efforts to overcome any objections or conditions by any Governmental Entity to the Transactions and (ii) agrees that it shall not take any action which could reasonably be expected to adversely impact the ability of the Parties to secure the NMPRC Approval, FERC Approvals, the HSR Clearance (if required) and any other Governmental Approvals (unless such action is deemed necessary or advisable by </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">40</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">such Party in order to avoid the occurrence of a Buyer Burdensome Condition or Seller Burdensome Condition, as applicable).  Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to require Buyer to agree to, accept or become subject to, any Buyer Burdensome Condition, or WST Seller to agree to, accept or become subject to, any Seller Burdensome Condition.  Following receipt of any of the NMPRC Approval or FERC Approvals (or any component thereof), Buyer and WST Seller shall, as soon as commercially practicable but in no event later than ten (10) Business Days following receipt thereof, notify each other of the existence or non-existence of a Buyer Burdensome Condition or Seller Burdensome Condition, as applicable.  If Buyer or WST Seller gives notice of the existence of a Buyer Burdensome Condition or Seller Burdensome Condition, respectively, within such ten (10) Business Day period, as applicable, Buyer and WST Seller shall, for a period of thirty (30) days, discuss, and negotiate in good faith an arrangement that will mitigate the impact of such Buyer Burdensome Condition or Seller Burdensome Condition, as applicable, and preserve the allocation of risks, rights and obligations between the Parties as contemplated on the Execution Date.  Buyer and WST Seller shall have absolute discretion in determining whether to enter into such mitigation arrangement, unless such mitigation arrangement solely involves a financial payment to preserve the allocation of risks, rights and obligations between the Parties (in which case, WST Seller has made such financial payment or reserves had been made to pay for such financial payment).  If, at the end of such thirty (30) day period, the Parties cannot agree on such an arrangement, Buyer or WST Seller, as applicable, may elect to terminate this Agreement pursuant to </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 9.1(f)</font><font style="font-family:inherit;font-size:11.9pt;">.  If such Party does not elect to terminate this Agreement within ten (10) Business Days following the end of such thirty (30) day period, such Party shall be deemed to have waived its termination right set forth in </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 9.1(f)</font><font style="font-family:inherit;font-size:11.9pt;">.  Notwithstanding anything in this Agreement to the contrary, WST Seller shall, in its sole discretion, be entitled to accept any limitation (in total) on the Project Costs (x) permitted to be included in the incremental rate, in the case of the FERC 205 Approval, or (y) permitted to be paid by Buyer pursuant to this Agreement, in the case of the FERC 203 Approval or the NMPRC Approval.  If WST Seller accepts such limitation (in total), the Maximum Purchase Price due hereunder shall be reduced to reflect any such limitation and Buyer shall not be entitled to terminate this Agreement pursuant to </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 9.1(f)</font><font style="font-family:inherit;font-size:11.9pt;">.  </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 6.7&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Risk of Loss</font><font style="font-family:inherit;font-size:11.9pt;">.  From the Execution Date until the Closing Date, WST Seller will bear all costs and expenses and assume and bear all risk of loss, damage or destruction of or to the Project due to theft, expropriation, seizure, destruction, damage, fire, earthquake, flood, the elements or other cause or casualty.  From and after the Closing Date, Buyer will bear all costs and expenses and assume and bear all risk of loss, damage or destruction of or to the Project due to theft, expropriation, seizure, destruction, damage, fire, earthquake, flood, the elements or other cause or casualty. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">Section 6.8&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Transfer Taxes</font><font style="font-family:inherit;font-size:11.8pt;">.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(a)&#160;&#160;&#160;&#160;Notwithstanding any provision of this Agreement to the contrary, but subject to </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 6.8(b)</font><font style="font-family:inherit;font-size:11.8pt;">, all Transfer Taxes, if any, incurred in connection with this Agreement and the Transactions (including, for the avoidance of doubt, New Mexico gross receipts taxes, compensating taxes and any transfer fees imposed by transferring licenses, permits and rights-of-ways) shall be borne by WST Seller.  The Party legally responsible for doing so shall file in a timely manner all necessary documents (including, but not limited to, all Tax Returns) and remit </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">41</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">all necessary payments with respect to such Transfer Taxes and shall provide the other Parties with evidence satisfactory to such other Parties that such Transfer Taxes have been paid.  Sellers and Buyer shall reasonably cooperate in preparing and executing any such documents with respect to such Transfer Taxes, and shall reasonably cooperate to minimize, to the extent permissible under applicable Law, the amount of any such Transfer Taxes.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(b)&#160;&#160;&#160;&#160;If any Transfer Taxes are incurred in connection with this Agreement and the Transactions (including, for the avoidance of doubt, New Mexico gross receipts taxes and compensating taxes) but WST Seller does not become aware that such Transfer Taxes are due until after the Final Completion Date, WST Seller may submit a written invoice to Buyer for all or any portion of such Transfer Taxes, along with evidence that such Transfer Taxes have been paid or are due and owing.  WST Seller shall submit such written invoice to Buyer within thirty (30) days after WST Seller becomes aware of any such Transfer Taxes.  Within ten (10) Business Days following Buyer&#8217;s receipt of such written invoice, Buyer shall pay to WST Seller, by wire transfer of immediately available funds to the account designated by WST Seller prior to the date of such payment, the amount of such Transfer Taxes included on the written invoice; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">&#32;that Buyer shall only be obligated to pay WST Seller for Transfer Taxes after the Final Completion Date pursuant to this </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.8(b)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;if such amount can be included in the incremental rates for the Transmission Service Agreements.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 6.9&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Proration of Straddle Period Taxes</font><font style="font-family:inherit;font-size:11.9pt;">.  For purposes of </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 2.3(b)</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 2.4(f)</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 2.6(b)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;and </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:11.9pt;">, any liability for Taxes attributable to a Straddle Period shall be apportioned between the portion of such period ending on the Closing Date and the portion beginning on the day after the Closing Date (a) in the case of Property Taxes, by apportioning such Taxes on a per diem basis and (b) in the case of all other Taxes, on the basis of a closing of the books as of the close of business on the Closing Date.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 6.10&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Updates to Disclosure Letters</font><font style="font-family:inherit;font-size:11.9pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(a)&#160;&#160;&#160;&#160;On the same date that WST Seller delivers the written notice of satisfaction or waiver of the conditions to the Development Completion Acknowledgement Date, as contemplated by </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 1.5</font><font style="font-family:inherit;font-size:11.9pt;">, WST Seller shall also provide Buyer with an updated Sellers&#8217; Disclosure Letter, which may include Sections whether or not any representation and warranty as set forth herein is qualified by reference to a Section of the Sellers&#8217; Disclosure Letter (the &#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Development Completion Disclosure Letter</font><font style="font-family:inherit;font-size:11.9pt;">&#8221;).</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(b)&#160;&#160;&#160;&#160;Neither Seller shall be entitled to disclose in the Development Completion Disclosure Letter any change, event, circumstance, development, occurrence or effect, that would reasonably be expected to have an Adverse Effect, individually or in the aggregate (taking into account all previous disclosures), without the prior written consent of Buyer.  If Buyer will not consent to the inclusion of such disclosure in the Development Completion Disclosure Letter, the Parties shall, for a period of thirty (30) days, negotiate in good faith an arrangement that will preserve the allocation of risks, rights and obligations between the Parties as contemplated on the Execution Date.  The deadline for Buyer&#8217;s delivery of the Development Completion Acknowledgement pursuant to </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 1.5</font><font style="font-family:inherit;font-size:11.9pt;">&#32;shall be extended for the duration of any such negotiations.  If the Parties are not able to reach an agreement and Buyer does not consent to the inclusion of such disclosure in the Development Completion Disclosure Letter by the end of the </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">42</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">thirty (30) day period, then Buyer shall have the right to terminate this Agreement in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 9.1(g)</font><font style="font-family:inherit;font-size:12pt;">; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, in the case of any Liability that can be solely resolved through a financial payment, if WST Seller agrees to retain such Liability resulting out of or arising from any Adverse Effect, then Buyer shall not be entitled to terminate this Agreement in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 9.1(g)</font><font style="font-family:inherit;font-size:12pt;">&#32;(subject to such financial payment being paid at such time or reserves made to allow such payment to be made).  If (i) Buyer has the right to terminate this Agreement pursuant to this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.10(b)</font><font style="font-family:inherit;font-size:12pt;">&#32;and does not exercise such termination right within ten (10)&#160;Business Days following the end of the thirty (30) day period contemplated above, (ii) Buyer has consented in writing to the inclusion of such disclosure on the Development Completion Disclosure Letter or (iii) WST Seller has agreed to retain any Liabilities resulting out of or arising from any Adverse Effect (and Buyer has agreed to the method and terms of such retention of Liabilities, solely in the case of any Liabilities that cannot be resolved through a financial payment as described above), then such disclosure in the Development Completion Disclosure Letter shall be deemed to have amended the appropriate section of the Sellers&#8217; Disclosure Letter&#160;as of the Execution Date (if applicable), as of the Development Completion Acknowledgement Date and as of the Closing Date and to have qualified the representations or warranties to which such section or sections of the Sellers&#8217; Disclosure Letter relates as of the Execution Date (if applicable), as of the Development Completion Acknowledgement Date and as of the Closing Date, all references to the Sellers&#8217; Disclosure Letter&#160;shall be deemed to include the information included in the Development Completion Disclosure Letter for all purposes of this Agreement, except that Buyer shall retain its rights to indemnification pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">&#32;for any Damages resulting from the change, event, circumstance, development, occurrence or effect included on any Section of the Development Completion Disclosure Letter; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, for the avoidance of doubt, Buyer shall not have any right to indemnification pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">&#32;for any Damages resulting from any Contract, Permit or other item that was not included by either Seller on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sections 3.7(b), 3.7(d), 3.9(a), 3.10(a), 3.10(c), 3.13(a) and 3.17 of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;delivered on the Execution Date, absent a breach of any representation, warranty or covenant that is independent of the specific statement in the applicable representation or warranty that required such Contract, Permit or other item to be set forth on the Development Completion Disclosure Letter.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">If, prior to the Development Completion Acknowledgement Date, a change, event, circumstance, development, occurrence or effect has occurred that would be required to be disclosed on the Development Completion Disclosure Letter and which WST Seller reasonably believes may have an Adverse Effect, then WST Seller shall (pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.4(c)</font><font style="font-family:inherit;font-size:12pt;">) notify Buyer of such change, event, circumstance, development, occurrence or effect.  Upon WST Seller providing such notice, the Parties shall discuss, and in good faith, attempt to agree on an arrangement that will preserve the allocation of risks, rights and obligations between the Parties as contemplated on the Execution Date, and upon such agreement, Buyer shall be deemed to have waived its termination right set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.10(b)</font><font style="font-family:inherit;font-size:12pt;">&#32;with respect to such change, event, circumstance, development, occurrence or effect.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">At any time from the Development Completion Acknowledgement Date through and including the date three (3) Business Days prior to the Closing Date, by written notice to Buyer, WST Seller shall (pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.4(c)</font><font style="font-family:inherit;font-size:12pt;">) provide, supplement and amend </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sections 3.9(a) and 3.10(c) of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;to include any Assigned Contracts and Real Property Agreements entered into in accordance with this Agreement (including </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">43</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">6.2(f)</font><font style="font-family:inherit;font-size:12pt;">) (each such supplement or amendment, an &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Update</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  As of the Closing Date, all references to those Sections of the Sellers&#8217; Disclosure Letter&#160;shall be deemed to include any such Update for all purposes of this Agreement, except that Buyer shall retain its rights to indemnification pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">&#32;for any Damages resulting from the change, event, circumstance, development, occurrence or effect included in such disclosure; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, for the avoidance of doubt, Buyer shall not have any right to indemnification pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">&#32;for any Damages resulting from any Contract that was not included by either Seller on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sections 3.9(a) and 3.10(c) of the Development Completion Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">,</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:12pt;">absent a breach of any representation, warranty or covenant that is independent of the specific statement in the applicable representation or warranty that required such Contract to be set forth in the Update.  No other updates to the Sellers&#8217; Disclosure Letter after the Development Completion Acknowledgement Date are permitted without the prior written consent of Buyer.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(e)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">No updates to the Buyer&#8217;s Disclosure Letter are permitted without the prior written consent of WST Seller; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, prior to the Development Completion Acknowledgement Date, WST Seller shall not unreasonably withhold, condition or delay its consent to any update to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 5.9 of Buyer&#8217;s Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;that would not materially increase Project Costs or impair, prevent or materially delay the Closing.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.11</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Financing; Cooperation</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Buyer acknowledges that WST Seller and/or RETA Seller may obtain construction debt financing (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Financing</font><font style="font-family:inherit;font-size:12pt;">&#8221;) in connection with the development and construction of the Project.  During the Interim Period, Buyer shall, at WST Seller&#8217;s sole expense, use commercially reasonable efforts to cooperate with the applicable Seller in connection with the arrangement of the Financing (or any replacements thereof).</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Without limiting the foregoing, Buyer shall, upon written request by either Seller or the Financing Agent, (i) use commercially reasonable efforts to provide such information or other documents as may be reasonably requested by either Seller or the Financing Agent in connection with the Financing, (ii) execute a consent to assignment in form and substance reasonably acceptable to Buyer at the sole cost and expense of WST Seller, and (iii) deliver an opinion of in-house counsel with respect to organization and good standing, enforceability, due authorization and no conflicts under New Mexico law.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.12</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Title Report, Title Insurance Commitment and Title Insurance Policy Matters</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">WST Seller shall provide Buyer with the preliminary title report with respect to each parcel of Real Property no later than forty-five (45) days prior to the anticipated Development Completion Acknowledgement Date.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">WST Seller shall cooperate with Buyer&#8217;s reasonable requests in connection with WST Seller&#8217;s efforts to obtain a commitment for title insurance issued by the Title Company (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Title Insurance Commitment</font><font style="font-family:inherit;font-size:12pt;">&#8221;), to issue on the Closing Date, at WST Seller&#8217;s cost and expense, a title insurance policy issued by the Title Company insuring Buyer&#8217;s rights, to the extent insurable in the applicable jurisdiction,  in each parcel of Real Property that: </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">44</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(i) contains such additional affirmative coverage and endorsements (at Seller&#8217;s cost and expense) as Buyer may reasonably request and which are available in the applicable jurisdiction; (ii) is in such amount as WST Seller (with Buyer&#8217;s input) may negotiate with Title Company, not to exceed the Purchase Price; (iii) shows Buyer as being vested with all requisite right, title and interest in and to the Real Property (including license, easement, right-of-way or similar right created by the Real Property Agreements); (iv) names Buyer as the insured; (v) is issued, or irrevocably committed to be issued, to Buyer as of the Closing Date by the Title Company; and (vi) is subject only to (A) the preprinted standard exceptions that appear in the Title Insurance Commitment (which are not removed by any endorsements in such title commitment), (B) any Permitted Liens, or (C) Liens or other exceptions (1) covered by affirmative title coverage or title endorsement, to the extent available in the applicable jurisdiction; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, in connection with the foregoing, WST Seller shall be obligated to deliver, or cause to be delivered, to the Title Company only such affidavits which are in form and substance customarily and reasonably required by the Title Company, and reasonably acceptable to WST Seller, in order to enable the Title Company to provide such affirmative coverage and endorsements or (2) which are reasonably acceptable to Buyer.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.13</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Credit Support</font><font style="font-family:inherit;font-size:12pt;">.  From and after the Execution Date, WST Seller shall maintain in full force and effect, the WST Seller Parent Guaranty for so long as WST Seller has on-going liabilities and/or obligations under this Agreement.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.14</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Books and Records</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Within ten (10) Business Days after Closing, WST Seller shall deliver to Buyer all of the Books and Records that are in either Seller&#8217;s possession or control and not located at the Project.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Following the Closing, each Seller shall be entitled to retain copies (at its sole cost and expense) of all Books and Records, and shall keep such information confidential in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.5</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.15</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">As-Built Drawings</font><font style="font-family:inherit;font-size:12pt;">.  Prior to the Final Completion Date, WST Seller shall deliver to Buyer stamped engineering &#8220;as-built&#8221; design documents and drawings evidencing the final as-built Project, in AutoCAD format.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.16</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Transmission Service Agreements</font><font style="font-family:inherit;font-size:12pt;">.  On or prior to the Execution Date, Buyer shall tender to Pattern Wind for its review and execution, the Transmission Service Agreements.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.17</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Removal of Logos and Signs</font><font style="font-family:inherit;font-size:12pt;">.  As promptly as practicable following the Closing, but in no event later than one hundred eighty (180) days after the Closing Date, Buyer will remove or cover all references to either Seller or their respective Affiliates that appear on any Project Assets or at the Project Site, including all signage, logos, storage containers, uniforms and clothing, promotional or advertising literature, stationery, office forms and labels, packaging, manuals, policy books, reference materials and other such documents (including signs displaying either Seller or their respective Affiliates&#8217; emergency contact telephone numbers or otherwise using or displaying the word &#8220;Pattern&#8221; in whole or in part).  Without </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">45</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">limiting the foregoing, until such time as the references to either Seller or their respective Affiliates are removed or covered by Buyer, in no event will Buyer use or display such references in any way other than in the same manner used by the Project immediately prior to the Closing.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.18</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Further Actions</font><font style="font-family:inherit;font-size:12pt;">.  After the Closing, Buyer, on the one hand, and Sellers, on the other hand, shall, from time to time, at the request of, and without further expense to, the other, provide all cooperation reasonably requested by the other in order to effectuate the Transactions, including executing and delivering such other instruments of conveyance as the other may reasonably request, in order to effectively consummate the Transactions and, with respect to Buyer, to vest in Buyer all rights, title and interest in and to, and the benefit of, the Project Assets as contemplated by this Agreement, including assistance in the collection or reduction to possession of any such Project Assets.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.19</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Efforts to Close</font><font style="font-family:inherit;font-size:12pt;">.  Each of the Parties agrees to use its commercially reasonable efforts to take, or cause to be taken, all action and to do, or cause to be done, all things necessary, proper or advisable to consummate, as promptly as practicable, the Transactions during the Interim Period, including obtaining all necessary consents, waivers, authorizations, orders and approvals of Third Persons, whether private or governmental, required of it.  Each Party agrees to cooperate fully with the other Parties in assisting it to comply with the provisions of this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.19</font><font style="font-family:inherit;font-size:12pt;">.  Notwithstanding the foregoing, no Party shall be required to initiate any litigation, make any substantial payment not contemplated by this Agreement or incur any material economic burden not contemplated by this Agreement under this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.19</font><font style="font-family:inherit;font-size:12pt;">.  No Party shall be entitled to invoke a failure of a condition precedent to its obligations hereunder where such Party&#8217;s own breach or default has caused such failure to occur.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.20</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Eminent Domain Proceedings</font><font style="font-family:inherit;font-size:12pt;">.   </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">After the Closing, RETA Seller shall, at WST Seller&#8217;s sole cost and expense, continue to prosecute, and shall have authority to manage and control the prosecution of, any eminent domain proceedings that exist and are continuing as of the Closing Date related to any parcels or tracts of real property on which the Project is located (such proceedings, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Eminent Domain Proceedings</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  Sellers shall keep Buyer fully informed of the status of all RETA Eminent Domain Proceedings, including with respect to the terms of any proposed settlement or other resolution of such proceedings and any appeal thereof.  Without the prior written approval of Buyer, RETA Seller shall not enter into any third party agreement settling any RETA Eminent Domain Proceeding that (i) imposes financial obligations on Buyer or its Affiliates for which Buyer is not indemnified pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.2(b)</font><font style="font-family:inherit;font-size:12pt;">, or (ii) (1) explicitly names Buyer or its Affiliates as a party, or (2) imposes any non-financial obligations on Buyer or its Affiliates (in the case of either of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clauses (i)</font><font style="font-family:inherit;font-size:12pt;">&#32;or </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">(ii)</font><font style="font-family:inherit;font-size:12pt;">, a &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Deficient Settlement Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  To the extent RETA Seller desires to enter into a Deficient Settlement Agreement or otherwise desires for Buyer to approve any third party agreement settling any RETA Eminent Domain Proceeding or any appeal thereof, Sellers shall submit such third party agreement to Buyer, and Buyer agrees that, within ten (10) Business Days of such submittal, Buyer will provide its written approval or reasons for non-approval.  If Sellers and Buyer cannot reach agreement on a proposed settlement,  the  matter  will  be  elevated  to  each  Party&#8217;s  executive  management  who  shall </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">46</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">attempt to reach agreement on the terms of any third party agreement settling the applicable RETA Eminent Domain Proceeding for an additional period of up to ten (10) Business Days.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Upon completion of any RETA Eminent Domain Proceeding after the Closing, within ten (10) Business Days after receiving the applicable final, non-appealable court order, RETA Seller shall deliver to Buyer a counterpart, duly executed and acknowledged by RETA Seller, to (i) a Non-State Lands Real Property Assignment Agreement to effect the assignment to, and the assumption of related Assumed Liabilities by, Buyer of any easement or right-of-way that is obtained with respect to the Eminent Domain Property that is the subject of such RETA Eminent Domain Proceeding or (ii) a Deed conveying the real property that is the subject of such RETA Eminent Domain Proceedings, as applicable (each date such Non-State Lands Real Property Assignment Agreement or Deed, as applicable, is executed, an &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Eminent Domain Property Transfer Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;).  The Eminent Domain License shall terminate without any further action by the parties thereto upon the completion of all RETA Eminent Domain Proceedings and the delivery by RETA Seller of Non-State Lands Real Property Assignment Agreement(s) and/or Deed(s), as applicable, with respect to all Eminent Domain Property.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 6.21</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Transition; Final Completion</font><font style="font-family:inherit;font-size:12pt;">.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">At a reasonable time prior to the Closing, Buyer and Sellers shall use good faith efforts to coordinate the transition of ownership of the Project Assets from Sellers to Buyer.  Such coordination shall include, to the extent deemed necessary or desirable by Buyer, meetings and the sharing of information related to operational issues affecting the Project, the status of Punch List Items, the status of the work being done under all EPC Contracts, the status of warranty claims affecting the Project and any other issues identified by Buyer as requiring coordination consistent with Prudent Utility Practice.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">WST Seller shall not approve any Final Punch List (as defined in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 11</font><font style="font-family:inherit;font-size:12pt;">) or the amount of holdback with any EPC Contractor without the prior written consent of Buyer, such consent not to be unreasonably withheld, conditioned, or delayed or withheld for any reason that is inconsistent with the terms of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 11</font><font style="font-family:inherit;font-size:12pt;">&#32;and the definition of &#8220;Punch List Items&#8221; herein. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">From and after the Closing Date, Buyer shall not issue any discretionary change orders under any EPC Contract which are not required pursuant to Prudent Utility Practice to complete construction of the Project in accordance with the Specifications without the prior written consent of WST Seller; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, WST Seller&#8217;s consent shall not be required if any costs associated with such change orders are not included in the final incremental rates charged to Pattern Wind (or its successors or assigns) pursuant to the Transmission Service Agreements. </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">47</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ARTICLE VII</font><font style="font-family:inherit;font-size:10pt;"><br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">CONDITIONS PRECEDENT TO OBLIGATIONS OF BUYER</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 7.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer Conditions Precedent to Closing</font><font style="font-family:inherit;font-size:12pt;">.  The obligation of Buyer to consummate the Transactions on the Closing Date is subject to the satisfaction or waiver by Buyer of each of the following conditions precedent:</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Closing Deliverables</font><font style="font-family:inherit;font-size:12pt;">.  Each Seller shall have delivered (or concurrently with the Closing, shall deliver) all of the documents and other deliverables required to be delivered by it pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.9</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Representations, Warranties and Covenants</font><font style="font-family:inherit;font-size:12pt;">.  </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(i)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each of the Seller Fundamental Representations is true and correct in all respects as of the Closing Date, except to the extent that any such Seller Fundamental Representation has been expressly made only as of an earlier date in which case such Seller Fundamental Representation was true and correct in all respects as of such earlier date;  </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(ii)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each of the representations and warranties (other than the Seller Fundamental Representations and the Eminent Domain Property Representations) of each Seller in this Agreement (without giving effect to any materiality or Material Adverse Effect qualifiers contained therein) is&#160;true and correct in all respects as of the Closing Date, except for (1) representations and warranties which are as of a specific date, which shall be true and accurate as of such date, subject to the immediately following </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clause (2)</font><font style="font-family:inherit;font-size:12pt;">&#32;or (2) where the failure to be true and correct would not, individually or in the aggregate, have a Material Adverse Effect or have a material adverse effect on the ability of either Seller to consummate the transactions contemplated hereby;</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(iii)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Seller shall have performed in all material respects all covenants required by this Agreement or any Ancillary Agreement; and</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(iv)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Each Seller has executed and delivered to Buyer a certificate dated as of the Closing Date, certifying as to the matters in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 7.1(b)</font><font style="font-family:inherit;font-size:12pt;">. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">No Injunctions</font><font style="font-family:inherit;font-size:12pt;">.  There shall be no Laws, Orders or Permits that restrain, enjoin or otherwise prevent or make illegal the consummation of the Transactions, and no action, suit or legal proceeding shall have been instituted or threatened in writing that questions or challenges the validity of, or seeks to impair, restrain, prohibit, invalidate or enjoin, the consummation of the Transactions.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">NMPRC Approval, FERC Approvals and Buyer Approvals</font><font style="font-family:inherit;font-size:12pt;">.  Buyer has received the NMPRC Approval, the FERC Approvals, and the Buyer Approvals, and such NMPRC Approval, FERC Approvals and Buyer Approvals are validly issued and in full force and effect. </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">48</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(e)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Consents</font><font style="font-family:inherit;font-size:11.9pt;">.  Buyer has received all Buyer Consents, and such Buyer Consents shall all be in full force and effect.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(f)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Commercial Operation Date</font><font style="font-family:inherit;font-size:11.9pt;">.  The Commercial Operation Date has occurred or will occur concurrently with Closing.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(g)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Assigned Contract Consents</font><font style="font-family:inherit;font-size:11.9pt;">.  The Assigned Contract Consents have been obtained in accordance with </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.3(a)</font><font style="font-family:inherit;font-size:11.9pt;">.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(h)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Permits</font><font style="font-family:inherit;font-size:11.9pt;">.  The Transferred Permits shall have been transferred or reissued to Buyer in accordance with </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.4(a)</font><font style="font-family:inherit;font-size:11.9pt;">, and such Transferred Permits shall be in full force and effect. </font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(i)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Credit Support</font><font style="font-family:inherit;font-size:11.9pt;">.  The WST Seller Parent Guaranty shall be in full force and effect.  </font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(j)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Master Lease Agreement</font><font style="font-family:inherit;font-size:11.9pt;">.  The Master Lease Agreement shall have been terminated.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(k)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Title Insurance</font><font style="font-family:inherit;font-size:11.9pt;">.  Buyer has received the Title Insurance Commitment from the Title Company.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(l)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Project Costs</font><font style="font-family:inherit;font-size:11.9pt;">.  Buyer has received an accounting substantially in the form attached hereto as </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Annex 13</font><font style="font-family:inherit;font-size:11.9pt;">, evidencing all Project Costs related to the Project, and the FERC accounts applicable to such Project Costs. </font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(m)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Transmission Service Agreements</font><font style="font-family:inherit;font-size:11.9pt;">.  (i) The Transmission Service Agreements shall be in full force and effect and (ii) Pattern Wind, its successors and assigns or its Affiliate Party thereto has posted, or will post simultaneously with the Closing, the credit support required thereunder; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">&#32;that this </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 7.1(m)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;shall not apply with respect to any Transmission Service Agreement to the extent such Transmission Service Agreement has been terminated due to a breach of such Transmission Service Agreement by Buyer.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(n)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Bernalillo County Approvals</font><font style="font-family:inherit;font-size:11.9pt;">.  The Bernalillo County Approvals shall have been obtained and be in full force and effect; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">&#32;that, if the applicable Governmental Entity requires the Bernalillo County Approvals be applied for by and/or issued to Buyer on or after Closing, this condition shall be satisfied if the Bernalillo County Approvals are reasonably expected to be obtained within six (6) months following the Closing.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(o)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Eminent Domain Property</font><font style="font-family:inherit;font-size:11.9pt;">.  Solely in the event that any RETA Eminent Domain Proceedings exist and are continuing as of the Closing Date, (i) the only unresolved issues outstanding with respect to such RETA Eminent Domain Proceedings, if any, is the compensation due to the condemnee(s) in connection therewith and (ii) the Eminent Domain License is in full force and effect. </font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(p)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Final Punch Lists</font><font style="font-family:inherit;font-size:11.9pt;">.  All Final Punch Lists (as defined in </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Annex 11</font><font style="font-family:inherit;font-size:11.9pt;">) and the amounts of holdback related thereto have been agreed with the applicable EPC Contractor in accordance with </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.21(b)</font><font style="font-family:inherit;font-size:11.9pt;">.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">49</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ARTICLE VIII</font><font style="font-family:inherit;font-size:10pt;"><br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLERS</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 8.1&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">WST Seller Closing Conditions Precedent</font><font style="font-family:inherit;font-size:11.9pt;">.  The obligation of WST Seller to consummate the Transactions on the Closing Date is subject to the satisfaction or waiver of each of the following conditions precedent: </font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(a)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Closing Documents</font><font style="font-family:inherit;font-size:11.9pt;">.  Buyer shall have delivered (or concurrently with the Closing, shall deliver) all of the documents required to be delivered by it pursuant to </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 2.10</font><font style="font-family:inherit;font-size:11.9pt;">.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(b)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Representations, Warranties and Covenants</font><font style="font-family:inherit;font-size:11.9pt;">.  </font></div><div style="line-height:115%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(i)&#160;&#160;&#160;&#160;Each of the Buyer Fundamental Representations is true and correct in all respects as of the Closing Date, except to the extent that any such Buyer Fundamental Representation has been expressly made only as of an earlier date in which case such Buyer Fundamental Representation was true and correct in all respects as of such earlier date;  </font></div><div style="line-height:115%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(ii)&#160;&#160;&#160;&#160;Each of the representations and warranties (other than the Buyer Fundamental Representations) of Buyer in this Agreement (without giving effect to any materiality or material adverse effect qualifiers contained therein) is&#160;true and correct in all respects as of the Closing Date, except for (1) representations and warranties which are as of a specific date, which shall be true and accurate as of such date, subject to the immediately following </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">clause (2)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;or (2) where the failure to be true and correct would not, individually or in the aggregate, have a material adverse effect or have a material adverse effect on the ability of Buyer to consummate the transactions contemplated hereby;</font></div><div style="line-height:115%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(iii)&#160;&#160;&#160;&#160;Buyer shall have performed in all material respects all covenants required by this Agreement or any Ancillary Agreement; and</font></div><div style="line-height:115%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;padding-left:48px;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(iv)&#160;&#160;&#160;&#160;Buyer has executed and delivered to WST Seller a certificate dated as of the Closing Date, certifying as to the matters in this </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 8.1(b)</font><font style="font-family:inherit;font-size:11.9pt;">. </font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(c)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">No Injunctions</font><font style="font-family:inherit;font-size:11.9pt;">.  There shall be no Laws, Orders or Permits that restrain, enjoin or otherwise prevent or make illegal the consummation of the Transactions, and no action, suit or legal proceeding shall have been instituted or threatened in writing that questions or challenges the validity of, or seeks to impair, restrain, prohibit, invalidate or enjoin, the consummation of the Transactions.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(d)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">FERC 203 Approval; WST Seller Approvals</font><font style="font-family:inherit;font-size:11.9pt;">.  WST Seller has received the FERC 203 Approval and the WST Seller Approvals, and the FERC 203 Approval and the WST Seller Approvals are validly issued and in full force and effect.</font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(e)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">WST Seller Consents</font><font style="font-family:inherit;font-size:11.9pt;">.  WST Seller has received all WST Seller Consents, and such WST Seller Consents shall be in full force and effect.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">50</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(f)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Payment of Closing Payment</font><font style="font-family:inherit;font-size:12pt;">.  Buyer has paid to WST Seller the Closing Payment as required by </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article II</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(g)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Bernalillo County Approvals</font><font style="font-family:inherit;font-size:12pt;">.  The Bernalillo County Approvals shall have been obtained and be in full force and effect.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 8.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Seller Closing Conditions Precedent</font><font style="font-family:inherit;font-size:12pt;">.  The obligation of RETA Seller to consummate the Transactions on the Closing Date is subject to the satisfaction or waiver of each of the following conditions precedent:</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Closing Documents</font><font style="font-family:inherit;font-size:12pt;">.  Buyer shall have delivered (or concurrently with the Closing, shall deliver) all of the documents required to be delivered by it pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.10</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">No Injunctions</font><font style="font-family:inherit;font-size:12pt;">.  There shall be no Laws, Orders or Permits that restrain, enjoin or otherwise prevent or make illegal the consummation of the Transactions, and no action, suit or legal proceeding shall have been instituted or threatened in writing that questions or challenges the validity of, or seeks to impair, restrain, prohibit, invalidate or enjoin, the consummation of the Transactions, in each case, that reasonably would be expected to result in a Material Adverse Effect.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">FERC 203 Approval</font><font style="font-family:inherit;font-size:12pt;">.  RETA Seller has received the FERC 203 Approval, and the FERC 203 Approval is validly issued and in full force and effect.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Seller Consents</font><font style="font-family:inherit;font-size:12pt;">.  RETA Seller has received all RETA Seller Consents, and such RETA Seller Consents shall be in full force and effect.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(e)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Letter Agreement</font><font style="font-family:inherit;font-size:12pt;">.  The Letter Agreement and guaranty required thereunder are in full force and effect. </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ARTICLE IX</font><font style="font-family:inherit;font-size:10pt;"><br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">TERMINATION</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 9.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Termination Prior to the Closing Date</font><font style="font-family:inherit;font-size:12pt;">.  Without limiting either Party&#8217;s ability to exercise any right or remedy to which it is entitled hereunder or under any of the Ancillary Agreements, this Agreement may be terminated at any time prior to the Closing Date:</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">by Buyer, if either Seller has breached any representation, warranty, covenant, agreement or obligation in this Agreement and (i) such breach has not been cured within thirty (30) days following written notification thereof (including through an Update in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.10</font><font style="font-family:inherit;font-size:12pt;">); </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, that if, at the end of such thirty (30) day period, such Seller is endeavoring in good faith, and proceeding diligently, to cure such breach, such Seller shall have an additional thirty (30) days in which to effect such cure and (ii) such breach (to the extent not cured) would give rise to the failure of any condition set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article VII</font><font style="font-family:inherit;font-size:12pt;">;</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">51</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">by WST Seller, if (i) Buyer has (1) breached its obligation to pay the Purchase Price, which breach has not been cured within one (1) Business Day following written notification thereof, or (2) breached in any material respect any other representation, warranty, covenant, agreement or obligation in this Agreement, and such breach, in the case of this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clause (2)</font><font style="font-family:inherit;font-size:12pt;">, has not been cured within thirty (30) days following written notification thereof; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, that if, at the end of such thirty (30)-day period, Buyer is endeavoring in good faith, and proceeding diligently, to cure such breach, Buyer shall have an additional thirty (30) days in which to effect such cure, and (ii) such breach to the extent not cured would give rise to the failure of any condition set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article VIII</font><font style="font-family:inherit;font-size:12pt;">;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">by Buyer or either Seller, if any Law or final, non-appealable Order enjoins or otherwise prohibits or makes illegal the Transactions;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">by WST Seller or Buyer, if the NMPRC Approval has not been received by eighteen (18) months prior to the Outside Closing Date; </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(e)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">by WST Seller or Buyer, if the FERC 205 Approval has not been received by eighteen (18) months prior to the Outside Closing Date; </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(f)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">by WST Seller or Buyer, following written notification by such Party of its intent to terminate this Agreement due to the existence of a Buyer Burdensome Condition or Seller Burdensome Condition, as applicable, in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.6(i)</font><font style="font-family:inherit;font-size:12pt;">; </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(g)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">by Buyer, pursuant to and in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sections 1.2(c)</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">1.3(d)</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">6.10</font><font style="font-family:inherit;font-size:12pt;">;</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(h)</font><font 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notice, provided that the failure of the Closing to have occurred on or prior to such termination date is not a result of any material breach or default by Buyer hereunder; or (ii) by WST Seller, by delivery of ten (10) Business Days&#8217; prior written notice to Buyer and RETA Seller at any time after the Outside Closing Date, in the event that the Closing has not occurred on or prior to the termination date stated in such notice, provided that the failure of the Closing to have occurred on or prior to such termination date is not a result of any material breach or default by WST Seller hereunder; </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(j)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font 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style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Procedure and Effect of Termination</font><font style="font-family:inherit;font-size:12pt;">. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(a)&#160;&#160;&#160;&#160;The Party desiring to terminate this Agreement pursuant to </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 9.1</font><font style="font-family:inherit;font-size:11.9pt;">&#32;shall give written notice of such termination to the other Parties in accordance with </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 11.1</font><font style="font-family:inherit;font-size:11.9pt;">, </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">52</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">specifying the provisions hereof pursuant to which such termination is effected and the effective date of such termination.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div 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style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article XI</font><font style="font-family:inherit;font-size:12pt;">&#32;shall survive such termination, and (ii) no such termination shall relieve any Party of any liability for Damages resulting from any breach by that Party of this Agreement occurring prior to such termination, or for the breach of any provision hereof that expressly survives the termination of this Agreement, in either such case, arising out of gross negligence, willful misconduct or fraud or resulting from Buyer&#8217;s failure to pay any portion of the Purchase Price when due.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font 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As provided in NMSA 1978, Section 37-1-23, RETA Seller shall be liable to Buyer for any Damages arising out of (a) any breach by RETA Seller of any representation and warranty or covenant of RETA Seller set forth herein and (b) any failure by RETA Seller to pay, perform or discharge any Excluded Liability of RETA Seller as and when due.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ARTICLE X</font><font style="font-family:inherit;font-size:10pt;"><br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">SURVIVAL; INDEMNIFICATION</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 10.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Nature and Survival of Representations and Agreements</font><font style="font-family:inherit;font-size:12pt;">.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All representations and warranties made by Sellers or Buyer in this Agreement shall survive the Closing for a period of eighteen (18) months, except 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(18) months from such Eminent Domain Property Transfer Date and (B) the representations and warranties in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.20</font><font style="font-family:inherit;font-size:12pt;">&#32;shall survive until the later of (x) eighteen (18) months from the Closing Date and (y) the termination of the Eminent Domain License.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">(i) The covenants and agreements of the Parties contained in this Agreement to be performed by their terms at or prior to the Closing shall survive the Closing for a period of eighteen (18) months and (ii) the covenants and agreements of the Parties contained in this Agreement to be performed by their terms on or after the Closing Date shall survive the Closing until fully performed in accordance with the terms specified in this Agreement with respect to such covenant or agreement.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">All representations, warranties and covenants shall survive beyond the period specified in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.1</font><font style="font-family:inherit;font-size:12pt;">&#32;with respect to any inaccuracy therein or breach thereof, notice of which shall have been duly given within such applicable period in accordance with </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">53</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.4(b)</font><font style="font-family:inherit;font-size:12pt;">, but only to the extent that, and for the time period 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style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Indemnification by WST Seller for WST Seller Breaches</font><font style="font-family:inherit;font-size:12pt;">.  Subject to the terms of this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">, from and after Closing, WST Seller shall indemnify, protect, defend and hold harmless each Buyer Indemnified Person, from and against any and all Damages resulting from, imposed upon or incurred by Buyer Indemnified Person, due or relating to or arising out of (i) any breach by WST Seller of any representation and warranty or covenant of WST Seller set forth herein, (ii) any Transfer Taxes for which WST Seller is liable pursuant to the terms of this Agreement and (iii) any failure by WST Seller to pay, perform or discharge any Excluded Liability of WST Seller as and when due.  Solely in the event that the Bernalillo County Approvals have not been obtained prior to Closing, subject to the terms of this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">&#32;and Buyer&#8217;s compliance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.4(c)</font><font style="font-family:inherit;font-size:12pt;">, from and after Closing, WST Seller shall indemnify, protect, defend and hold harmless each Buyer Indemnified Person, from and against any and all fines and penalties imposed upon Buyer Indemnified Person by the applicable Governmental Entity for owning and operating the Project prior to obtaining the Bernalillo County Approvals.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Indemnification by WST Seller for RETA Seller Breaches</font><font style="font-family:inherit;font-size:12pt;">.  Subject to the terms of this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">, from and after Closing, WST Seller shall indemnify, protect, defend and hold harmless each Buyer Indemnified Person, from and against any and all Damages resulting from, imposed upon or incurred by Buyer Indemnified Person, due or relating to or arising out of (i) any breach by RETA Seller of any representation and warranty or covenant of RETA Seller set forth herein, (ii) any failure by RETA Seller to pay, perform or discharge any Excluded Liability of RETA Seller as and when due, and (iii) any failure by RETA Seller to pay any amount owing, or perform or discharge any obligation, in connection with RETA Eminent Domain Proceedings related to the Real Property, which for the avoidance of doubt includes Sellers&#8217; obligations arising pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.20</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Indemnification by Buyer</font><font style="font-family:inherit;font-size:12pt;">.  Subject to the terms of this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">, from and after Closing, Buyer shall indemnify, protect, defend and hold harmless each Seller Indemnified Person from and against any and all Damages resulting from, imposed upon or incurred by such Seller Indemnified Person, due or relating to or arising out of (i) any breach by Buyer of any representation and warranty or covenant of Buyer set forth herein and (ii) any failure by Buyer to pay, perform or discharge any Assumed Liability as and when due.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 10.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Payments of Indemnifiable Amounts</font><font style="font-family:inherit;font-size:12pt;">.  (a) To the extent that a payment is due with respect to any indemnified Claims under </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.2</font><font style="font-family:inherit;font-size:12pt;">, WST Seller or Buyer as the context requires (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Indemnifying Party</font><font style="font-family:inherit;font-size:12pt;">&#8221;) shall make such payment to the Indemnified Person within thirty (30) days after written demand by the Indemnified Person (or Party making such claim on behalf of such Person) and (b) to the extent that a payment is due with respect to an indemnified Claim under </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.2(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;or </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">10.2(b)</font><font style="font-family:inherit;font-size:12pt;">, Buyer shall be entitled to set off any and all such amounts from the Indemnity Holdback Amount or draw on the Post-Closing Security; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, in each case of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clause (a)</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">(b)</font><font style="font-family:inherit;font-size:12pt;">, if such Claim is being contested pursuant to </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">54</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 10.4</font><font style="font-family:inherit;font-size:11.8pt;">, such payment, set off or draw may be deferred until the resolution of such contest pursuant to </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 10.4</font><font style="font-family:inherit;font-size:11.8pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">Section 10.4&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">General Procedures for Indemnity Obligation</font><font style="font-family:inherit;font-size:11.8pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(a)&#160;&#160;&#160;&#160;All Claims for indemnification by the Indemnified Persons under </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 10.2</font><font style="font-family:inherit;font-size:11.8pt;">&#32;shall be asserted and resolved in accordance with this </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 10.4</font><font style="font-family:inherit;font-size:11.8pt;">.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(b)&#160;&#160;&#160;&#160;If an Indemnified Person learns of an actual or potential Claim for which such Indemnified Person may seek indemnification under </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 10.2</font><font style="font-family:inherit;font-size:11.8pt;">, such Indemnified Person (or Party making a claim on behalf of such Person) shall promptly notify (in writing) the Indemnifying Party thereof, specifying the nature of and specific basis for such Claim and the actual or estimated amount thereof to the extent then feasible (the &#8220;</font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Claim Notice</font><font style="font-family:inherit;font-size:11.8pt;">&#8221;); </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.8pt;">, </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:11.8pt;">, that the failure to provide such notice promptly shall not limit or reduce such Indemnified Person&#8217;s right to indemnification under </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 10.2</font><font style="font-family:inherit;font-size:11.8pt;">&#32;except to the extent (and only to the degree) that such failure to provide such notice promptly shall prevent or shall have prejudiced the Indemnifying Party from properly or effectively defending the Claim (including reducing the amount of Damages with respect to such Claim) or from recovering reimbursement or other Damages to which the Indemnifying Party would be entitled.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(c)&#160;&#160;&#160;&#160;The Indemnifying Party shall notify the Indemnified Person within thirty (30) days of receipt of a Claim Notice whether or not it disputes its obligation to indemnify such Indemnified Person against such Claim or whether or not it elects to assume the defense of any Third Person Claim; </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.8pt;">, </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:11.8pt;">, that the Indemnified Persons are hereby authorized prior to and during such thirty (30) day period to file any motion, answer or other pleading that may be necessary or appropriate to protect their respective interests or those of the Indemnifying Party and a copy of such pleading shall be promptly delivered to the Indemnifying Party.  Failure of the Indemnifying Party to give notice contemplated by this </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 10.4(c)</font><font style="font-family:inherit;font-size:11.8pt;">&#32;shall not be deemed or construed as an admission of the Indemnifying Party&#8217;s indemnification liability for any Claim.  Notwithstanding anything to the contrary in this Agreement, during the thirty (30) day period following receipt of a Claim Notice, the Indemnifying Party shall have the right to cure the events or circumstances giving rise to a Claim if and to the extent such events or circumstances are amenable to cure.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(d)&#160;&#160;&#160;&#160;In the case of a Third Person Claim, the Indemnifying Party shall be entitled to conduct and control the defense and settlement of such Third Person Claim; </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.8pt;">&#32;that the Indemnified Person shall have the right to participate in, but not control, such defense and settlement; </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.8pt;">, </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">further</font><font style="font-family:inherit;font-size:11.8pt;">, that the Indemnified Person shall have the right to participate in such defense, using its own counsel to the extent (i)&#160;in the reasonable judgment of counsel to such Indemnified Person a conflict of interests between such Indemnified Person and the Indemnifying Party exists or could be reasonably likely to exist in respect of such Third Person Claim which renders it inappropriate for the same counsel to represent both the Indemnified Person and the Indemnifying Party or (ii)&#160;such Third Person Claim entails a material risk of criminal penalties or non-monetary sanctions being imposed on such Indemnified Person.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(e)&#160;&#160;&#160;&#160;If the Third Person Claim is asserted against both the Indemnifying Party and such Indemnified Person and there is a conflict of interests which renders it inappropriate for </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">55</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">the same counsel to represent both the Indemnifying Party and such Indemnified Person, the Indemnifying Party will be responsible for paying for the reasonable, documented fees of separate counsel for such Indemnified Person; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:11.9pt;">, that if there is more than one Indemnified Person, the Indemnifying Party will not be responsible for paying for more than the reasonable, documented fees of one separate firm of attorneys to represent such Indemnified Persons, regardless of the number of Indemnified Persons.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(f)&#160;&#160;&#160;&#160;If the Indemnifying Party elects to defend against any Third Person Claim, it shall diligently prosecute it to a final conclusion or settlement.  If such Indemnified Person desires to participate in, but not control, any such defense or settlement, it may do so at its sole cost and expense.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(g)&#160;&#160;&#160;&#160;If the Indemnifying Party fails to defend against any Third Person Claim, whether by not giving timely notice as provided above or otherwise, unless the Indemnifying Party disputes its liability with respect to such Third Person Claim, the Indemnified Person shall have the right but not the obligation to defend against such Claim at the Indemnifying Party&#8217;s reasonable expense.  If the Indemnifying Party disputes its liability with respect to any Third Person Claim, the Indemnified Person shall have the right but not the obligation to defend against such Claim at its sole cost and expense, and such cost and expense shall be subject to indemnification hereunder to the extent that the Indemnifying Party is determined to be liable for such Third Person Claim.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(h)&#160;&#160;&#160;&#160;Unless the Indemnifying Party has accepted liability for any Third Person Claim in writing, the Indemnifying Party shall not settle any such Claim of such Indemnified Person without the prior written consent of such Indemnified Person unless (i) the sole relief provided by such settlement is monetary damages that are paid or caused to be paid by the Indemnifying Party and (ii) the Indemnified Person shall have no liability with respect to any settlement or compromise thereof effected and shall have been irrevocably released in writing by the Third Person in respect of any and all Damage for events comprising such Third Person Claim.  The Indemnified Persons shall not settle any Claim without the prior written consent of the Indemnifying Party unless the Indemnifying Party has refused to accept liability for such Claim or failed to defend such Indemnified Person against such Claim pursuant to the terms of this Agreement; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">&#32;that the Indemnifying Party shall not unreasonably withhold its consent.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(i)&#160;&#160;&#160;&#160;If requested by the Indemnifying Party, the Indemnified Persons agree to cooperate to the extent commercially reasonable with the Indemnifying Party, its (or their respective) insurers and their respective counsel in contesting any Third Person Claims that either Seller elects to contest; </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">&#32;that the Indemnifying Party has agreed to advance to the Indemnified Persons all out-of-pocket costs and expenses (including reasonable attorneys&#8217; fees) that the Indemnified Persons may incur in so cooperating in the contest of such claim.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 10.5&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Mitigation and Limitations on Claims</font><font style="font-family:inherit;font-size:11.9pt;">.  Notwithstanding anything to the contrary contained herein:</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">(a)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Obligation to Mitigate Damages</font><font style="font-family:inherit;font-size:11.9pt;">.  Any Indemnified Person that becomes aware of a Claim for which it seeks indemnification under this </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:11.9pt;">&#32;shall be required to use </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">56</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">commercially reasonable efforts to mitigate the Damages including taking any actions reasonably requested by the Indemnifying Party and an Indemnifying Party shall not be liable for any Damages to the extent that it is directly attributable to the Indemnified Person&#8217;s failure to mitigate.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Net of Insurance Benefits</font><font style="font-family:inherit;font-size:12pt;">.  All Claims sustained by an Indemnified Person or any member of its Indemnified Group by reason of any breach or nonperformance hereunder shall be net of insurance recoveries from insurance policies (including under the existing title policies) to the extent that any proceeds of such policies, less any costs, expenses or premiums incurred by the Indemnifying Party in connection therewith, are received by such Indemnified Person, but excluding any insurance policies maintained by any Indemnified Person or any Affiliate thereof.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">No Consequential Damages</font><font style="font-family:inherit;font-size:12pt;">.  Notwithstanding anything in this Agreement to the contrary, no Party or its Affiliates, or their respective Representatives, shall be liable for Non-Reimbursable Damages.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(d)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Subsequent Recoveries</font><font style="font-family:inherit;font-size:12pt;">.  If the amount of any Claim, at any time subsequent to the Indemnifying Party making of a payment under this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">, is reduced by amounts actually received by an Indemnified Person or any related Indemnified Person who is a member of its Indemnified Group, net of Taxes payable and net of enforcement or collection cost in respect of any recovery, settlement or otherwise under or pursuant to any applicable insurance coverage (excluding any insurance policies maintained by any Indemnified Person or any Affiliate thereof) or pursuant to any applicable claim, recovery, settlement or payment by or against any other Person, without duplication of any amount already reducing such Claim pursuant to this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.5</font><font style="font-family:inherit;font-size:12pt;">&#32;(collectively, &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Recoveries</font><font style="font-family:inherit;font-size:12pt;">&#8221;), the amount of such Recoveries shall be repaid by such Indemnified Person to the Indemnifying Party within twenty (20) days after receipt thereof (or credit therefor) by such Indemnified Person, up to the aggregate amount of the payments made by the Indemnifying Party to such Indemnified Person.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(e)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Overall Limitation on Liability</font><font style="font-family:inherit;font-size:12pt;">.  No Party shall have any liability for indemnification under </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.2(a)(i)</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.2(b)(i)</font><font style="font-family:inherit;font-size:12pt;">&#32;or </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.2(c)(i)</font><font style="font-family:inherit;font-size:12pt;">, in the aggregate, in excess of the Liability Cap.  For the avoidance of doubt, a payment made by any Person (on behalf of the Indemnifying Party) to a Third Person in connection with the satisfaction of a Claim under this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">&#32;shall for all purposes be considered a payment made by the Indemnifying Party.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">(f)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Deductible and De Minimis Threshold</font><font style="font-family:inherit;font-size:11.8pt;">.  No Party shall have any liability for indemnification under </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 10.2(a)(i)</font><font style="font-family:inherit;font-size:11.8pt;">, </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 10.2(b)(i)</font><font style="font-family:inherit;font-size:11.8pt;">&#32;or </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Section 10.2(c)(i)</font><font style="font-family:inherit;font-size:11.8pt;">, as applicable, (i) with respect to any single Claim or group of related Claims, unless such single Claim or group of related Claims results in Damages that equal or exceed Thirty Thousand Dollars ($30,000) (the &#8220;</font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">De Minimis Amount</font><font style="font-family:inherit;font-size:11.8pt;">&#8221;), in which event, subject to following </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">clause (ii)</font><font style="font-family:inherit;font-size:11.8pt;">, the Indemnifying Party shall be liable for the full amount of the Damages without taking the De Minimis Amount into account, and (ii) until the aggregate amount of all Damages incurred by the other Party equals or exceeds three-quarters of one percent (0.75%) of the Purchase Price (the &#8220;</font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Deductible Amount</font><font style="font-family:inherit;font-size:11.8pt;">&#8221;), in which event the Indemnifying Party shall be liable for the full amount of the Damages without taking the Deductible Amount into account; </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.8pt;">, </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:11.8pt;">, that the </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">57</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">foregoing limitations shall not apply to any Damages relating to any breach of the Seller Fundamental Representations or Buyer Fundamental Representations, in each case, for which the De Minimis Amount and the Deductible Amount shall be zero.</font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(g)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">No Duplication</font><font style="font-family:inherit;font-size:12pt;">.  Any liability for indemnification under this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">&#32;shall be determined without duplication of recovery, including for the avoidance of doubt, with respect to WST Seller&#8217;s indemnification obligations set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sections 10.2(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">10.2(b)</font><font style="font-family:inherit;font-size:12pt;">&#32;and RETA Seller&#8217;s liability, if any, to Buyer under </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 9.3</font><font style="font-family:inherit;font-size:12pt;">.  Without limiting the generality of the prior sentence, if a statement of facts, condition or event constitutes a breach of more than one representation, warranty, covenant or agreement which is subject to the indemnification obligation in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.2</font><font style="font-family:inherit;font-size:12pt;">&#32;of this Agreement or any other indemnification section of the Ancillary Agreements, or a breach by both Sellers, only one recovery of any Claim shall be allowed.  </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(h)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Materiality Qualifiers</font><font style="font-family:inherit;font-size:12pt;">.  Notwithstanding anything in this Agreement to the contrary, for the purposes of determining whether there has been any misrepresentation or breach of a representation or warranty for purposes of this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">&#32;and for purposes of determining the amount of Damages resulting therefrom for the purposes of this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">, all qualifications or exceptions in any representation or warranty (other than any representation or warranty set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.18</font><font style="font-family:inherit;font-size:12pt;">) referring to the terms &#8220;material&#8221;, &#8220;materiality&#8221;, &#8220;in all material respects&#8221;, &#8220;material adverse effect&#8221; or &#8220;Material Adverse Effect&#8221; shall be disregarded. </font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(i)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Project Costs</font><font style="font-family:inherit;font-size:12pt;">.  Notwithstanding anything in this Agreement to the contrary and for the avoidance of doubt, Buyer shall not be entitled to indemnification under this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">&#32;for any Damages that were included as Project Costs in the Purchase Price.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 10.6</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Specific Performance</font><font style="font-family:inherit;font-size:12pt;">.  The Parties agree that if any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached, irreparable damage would occur and money damages may not be a sufficient remedy.  In addition to any other remedy at law or in equity, each of the Sellers and Buyer shall be entitled to specific performance by any other Party of its obligations under this Agreement and immediate injunctive relief, without the necessity of proving the inadequacy of money damages as a remedy.  The Parties further agree that they shall not object to, or take any position inconsistent with respect to, whether in a court of law or otherwise, the appropriateness of specific performance as a remedy for a breach of this Agreement, and each Party waives any requirement for the securing or posting of any bond in connection with any such remedy.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11.8pt;"><font style="font-family:inherit;font-size:11.8pt;">Section 10.7&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Exclusive Remedies</font><font style="font-family:inherit;font-size:11.8pt;">.  Notwithstanding anything to the contrary in this Agreement, the Parties agree that, after the Closing Date, the indemnification provisions of this </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:11.8pt;">&#32;shall be the sole and exclusive remedy of any Indemnified Person&#160;for money damages for the inaccuracy of an Indemnifying Party&#8217;s representations and warranties, or the breach of an Indemnifying Party&#8217;s covenants, contained in this Agreement, or any certificate, instrument or document delivered pursuant hereto, or the rights of such Indemnified Persons, except with respect to Claims for a breach by an Indemnifying Party of any representation, warranty or covenant under this Agreement that constitutes fraud, gross negligence or willful misconduct for which this  </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Article  X</font><font style="font-family:inherit;font-size:11.8pt;">&#32;&#32;shall  not  apply;  </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.8pt;">&#32;&#32;that,  for  the  avoidance  of  doubt,  this  </font><font style="font-family:inherit;font-size:11.8pt;text-decoration:underline;">Article  X</font><font style="font-family:inherit;font-size:11.8pt;">&#32;</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">58</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(including </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.5</font><font style="font-family:inherit;font-size:12pt;">) shall apply to any breach of a representation or warranty made by any Party that constitutes negligent misrepresentation.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 10.8</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Subrogation of Claims Against Third Parties</font><font style="font-family:inherit;font-size:12pt;">.  Upon full payment of any Claim by the Indemnifying Party to any Indemnified Person under this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">, if such Indemnified Person has not satisfied its mitigation obligation pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.5(a)</font><font style="font-family:inherit;font-size:12pt;">, the Indemnifying Party, without any further action, shall be subrogated to any and all claims that Indemnified Person may have against third parties relating to such Claim (excluding claims against third parties that provide insurance coverage to such Indemnified Person), but only to the extent of the amount paid to such Indemnified Person by the Indemnifying Party in respect of such Claim, and such Indemnified Person shall use commercially reasonable efforts to cooperate with the Indemnifying Party, at the expense of the Indemnifying Party in order to enable the Indemnifying Party to pursue such claims. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 10.9</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">New Mexico Specific Provisions</font><font style="font-family:inherit;font-size:12pt;">.  The following provision shall apply notwithstanding any other provision in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Article X</font><font style="font-family:inherit;font-size:12pt;">&#32;as well as all other provisions of this Agreement.  To the extent, if at all, but only to the extent, that NMSA 1978, Section 56-7-1, as amended from time to time, is applicable to this Agreement, or any indemnification agreements herein, or agreement to indemnify any Indemnified Person given in this Agreement, regardless of whether such undertaking or agreement to indemnify makes reference to this or any other limitation provision, this Agreement does not purport to indemnify such Indemnified Person against loss or liability for damages arising from and to the extent of the negligence, act or omission of the Indemnified Person or the officers, employees or agents of the Indemnified Person.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ARTICLE XI</font><font style="font-family:inherit;font-size:10pt;"><br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">GENERAL PROVISIONS</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 11.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Notices</font><font style="font-family:inherit;font-size:12pt;">.  All notices, requests, demands and other communications under this Agreement must be in writing and must be delivered in person or sent by overnight delivery using a nationally recognized delivery service and properly addressed as follows:</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">If to WST Seller, to:</font></div><div style="line-height:120%;text-align:left;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1088 Sansome Street</font></div><div style="line-height:120%;text-align:left;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">San Francisco, CA 94111  </font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:inherit;font-size:12pt;">Attention: General Counsel</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">If to RETA Seller, to:</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">c/o Sutin, Thayer &amp; Browne</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">6100 Uptown Blvd, NE, Suite 400</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Albuquerque, NM 87110</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Attention:  Lynn E. Mostoller</font></div><div style="line-height:120%;text-align:justify;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">59</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">If to Buyer, to:</font></div><div style="line-height:120%;text-align:left;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">414 Silver Ave. SW</font></div><div style="line-height:120%;text-align:left;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Albuquerque, NM 87102   <br>Attention:  General Counsel</font></div><div style="line-height:120%;text-align:left;padding-left:144px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Any Party may from time to time change its address for the purpose of notices to that Party by a similar notice specifying a new address, but no such change is effective until it is actually received by the Party sought to be charged with its contents.  All notices and other communications required or permitted under this Agreement which are addressed as provided in this </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 11.1</font><font style="font-family:inherit;font-size:12pt;">&#32;are effective upon delivery.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 11.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">No Third Party Beneficiaries</font><font style="font-family:inherit;font-size:12pt;">.  This Agreement is solely for the benefit of the Parties and their respective successors and permitted assigns.  This Agreement shall not otherwise be deemed to confer upon or give to any third party any right, claim, cause of action or other interest herein.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 11.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Amendment and Waiver</font><font style="font-family:inherit;font-size:12pt;">.  Neither this Agreement nor any term hereof may be changed, amended or terminated orally, but only by the written act of the Parties (or, in respect of a waiver, the waiving Party or Parties).  No failure or delay on the part of a Party hereto in the exercise of any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or of any other right.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 11.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Binding Nature; Assignment</font><font style="font-family:inherit;font-size:12pt;">.  This Agreement shall bind and inure to the benefit of the Parties hereto and their respective successors and legal representatives and permitted assigns.  No Party shall assign its rights and obligations under this Agreement, without the prior written consent of the other Parties hereto, and any such assignment contrary to the terms hereof shall be null and void and of no force and effect; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, that WST Seller and/or RETA Seller may collaterally assign, without the consent of Buyer, this Agreement or all or a portion of its rights, interests and obligations under this Agreement to Persons providing debt financing in connection with the Project.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 11.5</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">GOVERNING LAW</font><font style="font-family:inherit;font-size:12pt;">.  THIS AGREEMENT SHALL BE DEEMED MADE AND PREPARED AND SHALL BE GOVERNED, CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW MEXICO, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS THEREOF WHICH MAY REQUIRE THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION.  </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 11.6&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Jurisdiction;  Service  of  Process</font><font style="font-family:inherit;font-size:12pt;">.   Each  of  the  parties  hereto  (a)  hereby  irrevocably  consents  to  the  exclusive  jurisdiction  of  the  courts  of  the  State  of New  Mexico  and  of  any  federal  court  located  in  the  United  States  District  Court  for the  District  of  New  Mexico  (or,  if  such  courts  do  not  accept  jurisdiction,  any  state  or federal  court  of  competent  jurisdiction  in  the  United  States)  in  connection  with  any  suit, action   or   other   proceeding   arising   out   of   or   relating   to   this   Agreement   or   the  Transactions,  (b)  hereby  agrees  to  waive  any  objection  to  venue  in  the  State  of  New Mexico   and   Bernalillo   County,    and   (c)   agrees   that,   to   the  extent  permitted  by  law,</font><font style="font-family:inherit;font-size:11.9pt;">&#32;</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">60</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:115%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">service of process in connection with any such proceeding may be effected by mailing in the same manner provided in </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 11.1</font><font style="font-family:inherit;font-size:11.9pt;">&#32;hereof.</font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 11.7&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Counterparts</font><font style="font-family:inherit;font-size:11.9pt;">.  This Agreement may be executed and delivered in counterparts, each of which shall be an original, but each of which, when taken together, shall constitute one and the same instrument.  This Agreement may be delivered by electronic transmission.</font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 11.8&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Headings</font><font style="font-family:inherit;font-size:11.9pt;">.  The section and paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning and interpretation of this Agreement.</font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 11.9&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Severability</font><font style="font-family:inherit;font-size:11.9pt;">.  Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, (</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:11.9pt;">&#32;the substance of the agreement between the Parties is not thereby materially altered) and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  To the extent permitted by applicable Laws, the Parties hereto hereby waive any provision of law which renders any provision hereof prohibited or unenforceable in any respect.</font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 11.10&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Entire Agreement</font><font style="font-family:inherit;font-size:11.9pt;">.  This Agreement, including the Annexes and Disclosure Letters hereto, together with any other letters, written notices or consents provided pursuant to </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 1.5(a)(v)</font><font style="font-family:inherit;font-size:11.9pt;">, </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 6.2(f)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;and/or the definition of &#8220;Pre-Approved Real Property Agreement&#8221;, constitutes the entire understanding of the Parties with respect to the subject matter hereof and supersedes all prior statements or agreements, whether oral or written, among the Parties or their Affiliates with respect to such subject matter.  In the event of any inconsistency between the statements in the body of this Agreement, the Annexes and Disclosure Letters (other than an exception expressly set forth as such in the Disclosure Letters), the statements in the body of this Agreement will control.</font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 11.11&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Bulk Sales</font><font style="font-family:inherit;font-size:11.9pt;">.  Each Party hereby waives compliance by the other Parties with the provision of any bulk sales or bulk transfer Laws of any jurisdiction in connection with the Transactions.</font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 11.12&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Expenses</font><font style="font-family:inherit;font-size:11.9pt;">.  Except as otherwise expressly provided in this Agreement, whether or not the Transactions are consummated, each Party will pay its own costs and expenses incurred in anticipation of, relating to and in connection with the negotiation and execution of this Agreement and the Transactions.</font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 11.13&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Further Assurances</font><font style="font-family:inherit;font-size:11.9pt;">.  Each Party hereto covenants and agrees promptly to execute, deliver, file or record such agreements, instruments, certificates and other documents and to do and perform such other and further acts and things as any other Party hereto may reasonably request or as may otherwise be necessary or proper to consummate the Transactions and to carry out the provisions of this Agreement.  </font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;"><br></font></div><div style="line-height:115%;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">Section 11.14&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">WAIVER OF JURY TRIAL</font><font style="font-family:inherit;font-size:11.9pt;">.  </font><font style="font-family:inherit;font-size:11.9pt;font-weight:bold;">EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">61</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:115%;text-align:justify;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;font-weight:bold;">ACTION, SUIT OR PROCEEDING RELATING TO A DISPUTE AND FOR ANY COUNTERCLAIM WITH RESPECT THERETO. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Section 11.15</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Defined Terms; Rules of Construction</font><font style="font-family:inherit;font-size:12pt;">.  Capitalized terms when used in this Agreement (and in the Disclosure Letters and Annexes) have the meanings set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 1</font><font style="font-family:inherit;font-size:12pt;">.  Unless the context requires otherwise:  (a)&#160;the gender (or lack of gender) of all words used in this Agreement includes the masculine, feminine and neuter; (b)&#160;words used or defined in the singular include the plural and vice versa; (c)&#160;references to Articles and Sections refer to Articles and Sections of this Agreement, unless otherwise specified; (d)&#160;references to Disclosure Letters and Annexes refer to the Disclosure Letters and Annexes delivered in connection with or attached to this Agreement, each of which is made a part hereof for all purposes; (e)&#160;references to Laws refer to such Laws as they may be amended from time to time, and references to particular provisions of Law include any corresponding provisions of any succeeding Law; (f)&#160;terms defined in this Agreement are used throughout this Agreement and in any Disclosure Letters and Annexes hereto as so defined; (g) all Article and Section titles or captions contained in this Agreement or in any Disclosure Letters and Annexes referred to herein and the table of contents of this Agreement are for convenience only and shall not be deemed a part of this Agreement or affect the meaning or interpretation of this Agreement; (h)&#160;references to any agreement, contract or document (including any referred to herein in any Disclosure Letter or Annex hereto) shall mean such agreement, contract or document as the same may be amended, supplemented or otherwise modified from time to time in accordance with this Agreement; (i)&#160;the words &#8220;herein&#8221;, &#8220;hereof&#8221; and &#8220;hereunder&#8221; shall refer to this Agreement as a whole and not to any particular section or subsection of this Agreement; (j)&#160;references to money refer to legal currency of the United States; (k) references to &#8220;days&#8221; shall mean calendar days, unless otherwise indicated; (l) any date specified for action that is not a Business Day shall mean the first Business Day after such date; (m) references to Persons include their successors and permitted assigns; (n) if a term is defined as one part of speech (such as a noun), then it shall have a corresponding meaning when used as another part of speech (such as a verb) as the context requires; (o) the terms &#8220;include,&#8221; &#8220;includes&#8221; and &#8220;including&#8221; mean &#8220;including, without limitation&#8221;; and (p) the word &#8220;or&#8221; is not exclusive.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;">[SIGNATURE PAGES FOLLOW]</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">62</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sF95476C43815F3F5C1557022E34B06FB"></a></div><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:138%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">IN WITNESS WHEREOF, the Parties have caused this BUILD TRANSFER AGREEMENT to be duly executed as of the date first set forth above.</font></div><div style="line-height:138%;padding-bottom:13px;padding-top:32px;text-align:left;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WESTERN SPIRIT TRANSMISSION</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">LLC</font><font style="font-family:inherit;font-size:12pt;">, as WST Seller</font></div><div style="line-height:120%;text-align:justify;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">By: &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;/s/ Dyann Blaine&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;padding-left:336px;text-indent:364px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Name:  Dyann Blaine</font></div><div style="line-height:120%;text-align:justify;padding-left:336px;text-indent:364px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Title:  Authorized Signatory</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">[SIGNATURE PAGE TO BUILD TRANSFER AGREEMENT]</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s3CB350AC8008B775791B7022E35769D6"></a></div><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:138%;padding-bottom:13px;padding-top:32px;text-align:left;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NEW MEXICO RENEWABLE ENERGY TRANSMISSION AUTHORITY</font><font style="font-family:inherit;font-size:12pt;">, as RETA Seller</font></div><div style="line-height:120%;text-align:justify;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">By: &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">&#160;&#160;&#160;&#160;/s/ Robert E. 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Olson</font></div><div style="line-height:120%;text-align:justify;padding-left:420px;text-indent:-54px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Title:  Senior Vice President, Utility Operations</font></div><div style="line-height:138%;padding-bottom:13px;padding-top:32px;text-align:justify;padding-left:336px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">[SIGNATURE PAGE TO BUILD TRANSFER AGREEMENT]</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s0FA0EA6F020805A44B317022E39F04AE"></a></div><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">ANNEX 1</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">DEFINITIONS</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Actual Prorated Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6(d)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Additional Assigned Contract</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.2(f)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Adverse Effect</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any change, event, circumstance, development, occurrence or effect that, individually or in the aggregate, would reasonably be expected to: (a)</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">&#32;</font><font style="font-family:inherit;font-size:12pt;">result in a material change to the Project Assets or Assumed Liabilities expected to be transferred and assumed by Buyer, in a manner that is adverse to Buyer, measured against (i) the definition of the Project in the Recitals, (ii) the Project Scope and Specifications set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 2</font><font style="font-family:inherit;font-size:12pt;">, and (iii) the Project Site as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 3</font><font style="font-family:inherit;font-size:12pt;">, including any change that would reasonably be expected to result in the failure of Sellers to acquire indefeasible and perpetual rights (excluding (x) any easements or rights-of-way granted by the New Mexico Commissioner of Public Lands and any Crossing Agreements, in each case which the Parties acknowledge may not be indefeasible or perpetual and (y) the rights granted pursuant to the Isleta Right-of-Way Agreement) to a contiguous route for the transmission line portion of the Project (a material change adverse to Buyer being deemed to have occurred if such effect is intended to or would result in a change to the route for the transmission line set forth on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 3</font><font style="font-family:inherit;font-size:12pt;">&#32;(other than immaterial changes to the route) not previously approved in writing by Buyer); (b) impose material continuing liabilities or obligations on Buyer after Closing (which liabilities or obligations would not reasonably be expected to be recoverable through the incremental rates approved, or expected to be approved, in the FERC 205 Approval); or (c) restrain, enjoin or otherwise prevent or make illegal the consummation of the Transactions.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Affiliate</font><font style="font-family:inherit;font-size:12pt;">&#8221; means, with respect to any Person, any other Person that, directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, such Person, with &#8220;control&#8221; meaning for such purpose the possession, directly or indirectly and by ownership of equity interests or otherwise, of the authority to direct or cause the direction of the management or policies of such Person.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in the Preamble.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Ancillary Agreements</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the Deeds, each Bill of Sale and Assignment, each Real Property Assignment Agreement and each other document, certificate, agreement or other instrument executed and delivered by the Parties pursuant hereto.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex Data Room</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the virtual data room titled &#8220;3rd Party Accessible &#8211; Western Spirit BTA Annexes (PNM)&#8221; which is hosted by Microsoft SharePoint; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that if such virtual data room is required, necessary or appropriate to be re-established elsewhere, then the contents of such Annex Data Room may be re-established and maintained by WST Seller or any of its Affiliates to another virtual data room subject to the prior written consent of Buyer, not to be unreasonably withheld, conditioned or delayed.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-1</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Asset Retirement Obligation</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the applicable Seller&#8217;s legal obligation to perform decommissioning, reclamation or removal activities upon retirement of an asset pursuant to certain of its Permits and Real Property Agreements to license portions of the Project Site.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Assigned Contract Consents</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.3(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Assigned Contracts</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.1(d)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Assigned Warranties</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.1(d)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Assumed Liabilities</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.3</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Base Purchase Price</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.5(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Bernalillo County Approvals</font><font style="font-family:inherit;font-size:12pt;">&#8221; means (a) the Special Use Permit from Bernalillo County for transmission structures to accommodate ownership of the Project by Buyer and (b) the addition of the project to the Electric Facilities Plan for Bernalillo County.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Bill of Sale and Assignment</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.9(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Books and Records</font><font style="font-family:inherit;font-size:12pt;">&#8221; means all books and records, reports, studies, engineering design plans, blueprints and as-builts, specifications, licenses, permits (including expired or closed out permits), operating logs, maintenance records, safety and maintenance manuals, instruction manuals, incident reports, standards, Occupational Safety and Health Administration logs, test reports, quality documentation and reports, hazardous waste disposal records, training records, procedures and similar items, shipping documents and financial and accounting records, in each case, in the possession or control of either Seller or any of its Affiliates and to the extent relating primarily to the Project Assets and the Assumed Liabilities but excluding, in each case, any Excluded Books and Records, and in each case in formats which are reasonably and practically available, including electronic, where available.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Business Day</font><font style="font-family:inherit;font-size:12pt;">&#8221; means Monday through Friday, excluding federal holidays and any day that banks in Albuquerque, New Mexico are authorized or obligated to close.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in the Preamble.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer Approvals</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 5.4</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer Burdensome Condition</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any requirement, obligation or condition imposed by FERC or the NMPRC on Buyer or its Affiliates as a condition of granting the FERC 203 Approval, FERC 205 Approval or NMPRC Approval, as applicable, which requirement, obligation or condition would: (a) impose a material limitation on the Project Costs allowed to be included in the incremental rates sought by Buyer, in the case of the FERC 205 Approval (which includes any reduction in incremental rates below Buyer&#8217;s embedded transmission rates as of the date of the FERC 205 Approval),  or  paid  to  WST  Seller  pursuant  to  this  Agreement,  in  the  case  of  the  FERC 203 Approval or the NMPRC Approval (in each case, subject to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.6(i)</font><font style="font-family:inherit;font-size:12pt;">); (b) require the divestiture  of  any  portion  of  the  Project  Assets  or  other  assets  or  businesses  of  Buyer  or its  Affiliates  (other  than  any  immaterial  portion  of  the  Project  Assets  or  other  immaterial </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-2</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">assets of businesses of Buyer or its Affiliates); (c) require the redirection or redistribution of benefits and burdens associated with the Project as between the Buyer and its customers, in a manner that is adverse to Buyer (other than in an immaterial way); or (d) otherwise result in or require Buyer or its Affiliates to take on risk, responsibilities or Liabilities (other than any immaterial risks, responsibilities or Liabilities) that were not expected or anticipated pursuant to this Agreement (which Liabilities would not reasonably be expected to be recoverable through the incremental rates approved, or expected to be approved, in the FERC 205 Approval).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer-Caused Delay</font><font style="font-family:inherit;font-size:12pt;">&#8221; means a delay in or interference with WST Seller&#8217;s performance or achievement of a Project Milestone resulting from the acts or omissions of Buyer or its employees, including a failure to interconnect the Project (not caused by a failure by another Party or a Third Person) and a failure of Buyer to meet any of its obligations under either LGIA or the Wires-to-Wires Agreement. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer Consents</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 5.3</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer Fundamental Representations</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the representations and warranties set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sections 5.1</font><font style="font-family:inherit;font-size:12pt;">&#32;(Organization and Existence), </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">5.2</font><font style="font-family:inherit;font-size:12pt;">&#32;(Authorization), </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">5.3(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;(Noncontravention) and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">5.7</font><font style="font-family:inherit;font-size:12pt;">&#32;(Brokers).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer Indemnified Group</font><font style="font-family:inherit;font-size:12pt;">&#8221; means collectively, Buyer and each other Indemnified Person with respect to Buyer.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer Indemnified Person(s)</font><font style="font-family:inherit;font-size:12pt;">&#8221; means Buyer and each of its shareholders, members, Representatives and Affiliates.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Buyer&#8217;s Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#8221; means that certain Disclosure Letter prepared by Buyer and delivered to Sellers as of the Execution Date. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Claim</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any demand, complaint, claim, action, legal proceeding (whether at law or in equity), investigation (but only to the extent that a party has been provided notice of such investigation), request for information, arbitration, hearing, audit or suit, in each case, commenced, brought, conducted or heard by or before, or otherwise involving, any Governmental Entity.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Claim Notice</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.4(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Closing</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.8</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Closing Date</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.8</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Closing Payment</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.5(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Code</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the Internal Revenue Code of&#160;1986, as amended.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Commercial Operation</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the occurrence or satisfaction of the following:</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-3</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">the Project has been physically completed and commissioned, is fully operational and capable of continuous operation, has been be energized and has been interconnected with Buyer&#8217;s transmission system, all in accordance with the Specifications and any additions or modifications to the Specifications made pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.4</font><font style="font-family:inherit;font-size:12pt;">&#32;(allowing for immaterial deviations from such Specifications);</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(b)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">a certificate certifying substantial completion under each EPC Contract in accordance with such EPC Contract has been delivered by the applicable EPC Contractor to, and approved by, WST Seller pursuant to such EPC Contract;</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(c)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">all Permits required for Sellers to construct and own the Project in compliance with Law have been obtained and are in full force and effect (except to the extent that, under applicable Law, any such Permits are no longer required to remain in effect); 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means certificate delivered by the Independent Engineer to Buyer substantially in the form attached hereto as </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 10</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Confidential Information</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.5(b)</font><font style="font-family:inherit;font-size:12pt;">. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Construction Permits</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.1(c)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Contract</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any written contract, agreement, lease, license, note, indenture, obligation, bond, mortgage, instrument and any other binding commitment, arrangement, undertaking or understanding, but not including Permits.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Corrective Action Plan</font><font style="font-family:inherit;font-size:12pt;">&#8221; means, with respect to any Project Milestone that has not been achieved on or prior to the date corresponding thereto on the Project Schedule, a written plan prepared by WST Seller to achieve such Project Milestone by a date that will allow the Commercial Operation Date to be achieved on or before the Outside Closing Date.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Counterparty</font><font style="font-family:inherit;font-size:12pt;">&#8221; means a party to an Assigned Contract other than either Seller.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Credit Support</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any letters of credit, guarantees, deposits or other credit support.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Crossing Agreements</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning given to such term in the letter issued pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)(v)</font><font style="font-family:inherit;font-size:12pt;">&#32;and the definition of &#8220;Pre-Approved Real Property Agreement&#8221;, dated as of the date hereof.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Damages</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any and all injuries, Liabilities, losses, damages, judgments, amount paid in settlement, fines, interest, Taxes, penalties, deficiencies, costs, expenses and all amounts reasonably  paid  in  investigation,  defense  or  settlement  of  any  of the foregoing (including court </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-4</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">costs, reasonable fees and expenses of attorneys, accountants and other experts or other reasonable expenses of litigation or other proceedings), in each case, excluding any Non-Reimbursable Damages.  </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Data Room</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the virtual data room titled &#8220;3rd Party Accessible &#8211; Pattern Western Spirit (PNM)&#8221; which is hosted by Microsoft SharePoint (which for the avoidance of doubt is separate from and shall not include the Annex Data Room); </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that if such virtual data room is required, necessary or appropriate to be re-established elsewhere, then the contents of such Data Room may be re-established and maintained by WST Seller or any of its Affiliates to another virtual data room subject to the prior written consent of Buyer, not to be unreasonably withheld, conditioned or delayed. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">De Minimis Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.5(f)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Deductible Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.5(f)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Deeds</font><font style="font-family:inherit;font-size:12pt;">&#8221; means: (a) in the case of Owned Real Property held by WST Seller, the form of special warranty deeds by which the Owned Real Property shall be conveyed by WST Seller to Buyer, which shall be substantially in the form of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 16A</font><font style="font-family:inherit;font-size:12pt;">; and (b) in the case of Owned Real Property held by RETA Seller, the form of quitclaim deeds by which the Owned Real Property shall be conveyed by RETA Seller to Buyer, which shall be substantially in the form of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 16B</font><font style="font-family:inherit;font-size:12pt;">. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Deficient Settlement Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.20(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Designated Representatives</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.2(f)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Development Completion Acknowledgement</font><font style="font-family:inherit;font-size:12pt;">&#8221; means an acknowledgement issued by Buyer in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5</font><font style="font-family:inherit;font-size:12pt;">, substantially in the form attached hereto as </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 9</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Development Completion Acknowledgement Date</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Development Completion Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.10(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Disclosure Letters</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the Buyer Disclosure Letter and the Sellers&#8217; Disclosure Letter.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Dollars</font><font style="font-family:inherit;font-size:12pt;">&#8221; or &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">$</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the lawful currency of the United States. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Easement Real Property</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.10(c)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Eminent Domain License</font><font style="font-family:inherit;font-size:12pt;">&#8221; means an agreement substantially in the form of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 17</font><font style="font-family:inherit;font-size:12pt;">, pursuant to which RETA Seller shall grant Buyer the right to use all of the Eminent Domain Property.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-5</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Eminent Domain Property</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any parcels or tracts of real property that are the subject of RETA Eminent Domain Proceedings.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Eminent Domain Property Representations</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the representations and warranties set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.19</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Eminent Domain Property Transfer Date</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.20(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Environmental Law</font><font style="font-family:inherit;font-size:12pt;">&#8221; means Laws relating to (a) protection of the environment, (b) human health as it relates to exposure to Hazardous Substances, or (c) any actual or potential Release of any Hazardous Substance.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Environmental Permits</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.11(a)(i)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">EPC Contract</font><font style="font-family:inherit;font-size:12pt;">&#8221; means one or more agreements, including each principal engineering, procurement or construction contract with a value in excess of One Million Dollars ($1,000,000) to provide for the supply of materials and for the engineering and construction of the transmission line and associated facilities of the Project, to be executed by WST Seller and an EPC Contractor, together with any guarantee thereof or credit support to be provided thereunder, which in each case, as to relevant provisions set forth on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 11</font><font style="font-family:inherit;font-size:12pt;">, include terms and conditions no less favorable to WST Seller than those set forth on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 11</font><font style="font-family:inherit;font-size:12pt;">; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, such terms and conditions shall not be required to the extent the type of EPC Contract in question does not require such terms, as further delineated in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 11</font><font style="font-family:inherit;font-size:12pt;">. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">EPC Contractor</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any contractor or supplier set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section A1-EPC of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;selected by WST Seller, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, with respect to any supplier selected by WST Seller and marked with an asterisk in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section A1-EPC of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, such supplier is subject to the approval of Buyer, not to be unreasonably withheld, conditioned or delayed.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">ESA</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)(iv)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Estimated Prorated Adjustment Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6(c)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Estimated Prorated Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6(c)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Excluded Assets</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.2</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Excluded Books and Records</font><font style="font-family:inherit;font-size:12pt;">&#8221; means (a) all Organizational Documents, seals, minute books and other documents relating to the formation, maintenance and legal existence of either Seller or any of its Affiliates as legal entities, including taxpayer and other identification numbers, and documents relating to corporate compliance matters not primarily developed for the Project Assets, (b) all (i) Income Tax Tax Returns of either Seller and its Affiliates and (ii) other Tax Returns, Tax  information  and  Tax  records  not  primarily  relating  to  the  Project  Assets  or  Assumed Liabilities,  (c)  all  documents,  files  or  other  information  of  any  kind  prepared  by  either  Seller or its Affiliates exclusively in connection with the sale of the Project Assets (including financial or other models, forecasts or projections relating to the Project Assets) or the Financing of   the   Project,   (d)   other   materials,   the   transfer   or   disclosure  of  which  is  prohibited  by </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-6</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">applicable Law or Contract or would constitute a waiver of attorney-client privilege or attorney work product protection, and (e) all other books and records not relating to the Project Assets or Assumed Liabilities. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Excluded Contracts</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the Contracts set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section A1-EC of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Excluded Liabilities</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.4</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Execution Date</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in the Preamble.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">FERC</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the Federal Energy Regulatory Commission or any successor.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">FERC 203 Approval</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.6(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">FERC 205 Approval</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.6(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">FERC 205 Filing Date</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.6(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">FERC Approvals</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.6(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Final Completion</font><font style="font-family:inherit;font-size:12pt;">&#8221; means (a) completion of all Punch List Items and achievement of &#8220;Final Completion&#8221; under and as defined in each EPC Contract in accordance therewith, and (b) a certificate certifying final completion in accordance with each EPC Contract has been delivered by the applicable EPC Contractor to, and approved by, Buyer pursuant to such EPC Contract.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Final Completion Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.5(c)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Final Completion Date</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the date on which the Project achieves Final Completion pursuant to each EPC Contract.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Financing</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.11(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Financing Agent</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any single trustee, collateral agent, administrative agent or similar representative acting on behalf of the lenders providing the Financing or such other single representative designated in writing by WST Seller.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Force Majeure Event</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any event or circumstance, or combination of events or circumstances, to the extent beyond the control, directly or indirectly, of the Party seeking to have its performance obligation excused thereby, which by the exercise of due diligence such Party could not  reasonably  have  avoided  and  which  by  exercise  of  due  diligence  such  party  could  not reasonably have overcome and has an impact which will adversely affect such Party&#8217;s ability to perform its obligations (other than payment obligations) in accordance with the terms of this Agreement, including: (a) landslide, earthquake, hurricane, flood, unusually severe and extreme storm,  tornado,  mudslides,  lightning,  unusually  and  severe  dust  or  sand  storms,  wind  shear, drought, fire or other natural disasters; (b) fire or explosions; (c) sabotage or vandalism, riot or similar  civil  disturbance  or  commotion,  invasion,  war  (declared  or  undeclared)  or  other armed </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-7</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">conflict or acts of terrorism or public enemy; (d) epidemic or quarantine; (e) blockade, embargo or port closure; (f) air crash, shipwreck, train wrecks or other failures of delays of transportation; (g) nuclear emergency, radioactive contamination or ionizing radiation or the release of any hazardous waste or materials; (h) a strike, lockout, work stoppage or labor dispute (except where limited to any one or more of Sellers, their Affiliates or Subcontractors thereof or any other third party employed by either Seller to work on the Project); (i) environmental or other contamination at or affecting the Project; (j) the unavailability of labor, fuel, power or raw materials and any event affecting the ability of any supplier or Subcontractor (including each EPC Contractor) to fulfill its obligations to either Seller and the Project; or (k) action or inaction by any Governmental Entity to the extent not caused by the Party seeking to have its performance obligations excused thereby.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">GAAP</font><font style="font-family:inherit;font-size:12pt;">&#8221; means generally accepted accounting principles in the United States consistently applied.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Governmental Approvals</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the NMPRC Approval, the FERC Approvals, the HSR Clearance (if necessary), the WST Seller Approvals, the RETA Seller Approvals and the Buyer Approvals, excluding (a) any approvals required to transfer to, or reissue in the name of, Buyer any Transferred Permit or Permit Application and (b) any approvals required to assign any Assigned Contract.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Governmental Entity</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any federal, state, local or other governmental, regulatory or administrative agency, commission, department, board, subdivision, court, tribunal or other governmental authority, including any tribal governing body and excluding RETA Seller.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Hazardous Substance</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any substance that is listed or regulated by any Environmental Law, including any substance declared or defined to be a pollutant or a waste or declared or defined as hazardous, toxic, or radioactive under any Environmental Law.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">HSR Act</font><font style="font-family:inherit;font-size:12pt;">&#8221; means Hart-Scott-Rodino Antitrust Improvements Act of 1976 (as amended).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">HSR Clearance</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.6(c)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Improvements</font><font style="font-family:inherit;font-size:12pt;">&#8221; means, with respect to the applicable real property, all appurtenances to such real property, together with all buildings, structures, improvements, fixtures, component parts and other constructions on and to such real property, including all construction work in progress thereon</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Income Tax</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any Tax imposed on net income or profits, including all net income, profits, earnings, capital gain, gross receipts, excess profits or any other similar Tax imposed by a Taxing Authority, including any related interest, fine or penalties, but excluding New Mexico gross receipts tax and compensating tax.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Indebtedness</font><font style="font-family:inherit;font-size:12pt;">&#8221; means, without duplication, (a) any indebtedness for borrowed money, (b) any obligations evidenced by bonds, debentures, notes or other similar instruments, (c) any obligations, contingent or otherwise, under acceptance, letters of credit or similar facilities, (d) any material capitalized lease obligations that are required to be classified and accounted for as capitalized  lease  obligations  under  GAAP,  (e)  any  obligations  under  any  Contract  that  is  an </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-8</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">interest rate swap agreement or other similar Contract, (f) any direct or indirect guaranty of any of the foregoing and (g) all accrued but unpaid interest, redemption or payment premiums or penalties and any other fees and expenses relating to any of the foregoing.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Indemnified Group</font><font style="font-family:inherit;font-size:12pt;">&#8221; means either a Buyer Indemnified Group or Seller Indemnified Group as the context requires.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Indemnified Person(s)</font><font style="font-family:inherit;font-size:12pt;">&#8221; means either a Buyer Indemnified Person or Seller Indemnified Person as the context requires. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Indemnifying Party</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.3</font><font style="font-family:inherit;font-size:12pt;">. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Indemnity Holdback Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.5(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Independent Appraiser</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Independent Engineer</font><font style="font-family:inherit;font-size:12pt;">&#8221; means a consulting engineer listed in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section A1-IE of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">, as selected by WST Seller; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">, </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">, that the Independent Engineer shall not be a party to, or otherwise be responsible for reviewing any work under, any EPC Contract that is relevant for the Independent Engineer&#8217;s determination.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Intellectual Property</font><font style="font-family:inherit;font-size:12pt;">&#8221; means patent and industrial designs (including any continuations, divisionals, continuations-in-part, renewals, reissues and applications for any of the foregoing) copyrights (including any registrations and applications for any of the foregoing), trademarks, trade names, patents, service marks, brand marks, brand names, computer programs, databases, trade secrets, know-how, industrial designs, copyrights and other similar intellectual property rights, and trade secrets and confidential information (including confidential know-how, processes, formulae, algorithms, models and methodologies).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Interconnection Date</font><font style="font-family:inherit;font-size:12pt;">&#8221; means each actual date of interconnection upon which the WST Seller will physically connect its &#8220;Western Segment&#8221; and &#8220;Northern Segment&#8221; facilities to the Buyer&#8217;s Pajarito Switching Station and Clines Corners Switching Station, the projected dates of which are provided in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 12</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Interim Period</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the period beginning on the Execution Date and ending at the Closing Date.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">IPRA</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.5(c)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Isleta Right-of-Way Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221; means that certain Transmission Line Right-Of-Way Agreement between Pueblo of Isleta and WST Seller (f/k/a Western Spirit Clean Line LLC), dated September 16, 2015.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Knowledge</font><font style="font-family:inherit;font-size:12pt;">&#8221; means (a) with respect to each Seller, the actual knowledge of the individuals listed under such Seller&#8217;s name in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section A1-K of Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;after due inquiry and (b) with respect to Buyer, the actual knowledge of the individuals listed in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section A1-K of Buyer&#8217;s Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;">after due inquiry.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-9</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">&#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">kV</font><font style="font-family:inherit;font-size:11.9pt;">&#8221; means kilovolt.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">&#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Law</font><font style="font-family:inherit;font-size:11.9pt;">&#8221; means, with respect to any Person, any statute, law, standard, code, principle of common law, treaty, ordinance, rule, constitution, administrative interpretation, regulation, Order, writ, injunction, directive, judgment, decree or other requirement of any Governmental Entity applicable to such Person or any of its assets or properties, now in effect or hereinafter enacted, including any Environmental Law.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">&#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Letter Agreement</font><font style="font-family:inherit;font-size:11.9pt;">&#8221; means that certain letter agreement by and between Pattern Wind, WST Seller and RETA Seller, dated as of the date hereof.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">&#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">LGIAs</font><font style="font-family:inherit;font-size:11.9pt;">&#8221; mean, collectively, (a) the Large Generator Interconnection Agreement to be entered into between Pattern Wind and Buyer in response to interconnection queue number IA-PNM-2018-04 and (b) the Large Generator Interconnection Agreement to be entered into between Pattern Wind and Buyer in response to an interconnection request to be submitted by Pattern Wind for Buyer&#8217;s current Definitive Interconnection System Impact Study Queue Cluster Window, in each case, in accordance with Buyer&#8217;s Large Generation Interconnection Procedures (Attachment N to the Open Access Transmission Tariff of Buyer).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">&#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Liability</font><font style="font-family:inherit;font-size:11.9pt;">&#8221; means, with respect to any Person, any liability, indebtedness or obligation of such Person of any kind, character or description, whether known or unknown, absolute or contingent, accrued or unaccrued, disputed or undisputed, due or to become due.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">&#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Liability Cap</font><font style="font-family:inherit;font-size:11.9pt;">&#8221; means (a) if WST Seller is the Indemnifying Party, (i) with respect to any Claims under </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 10.2(a)(i)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;or </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 10.2(b)(i)</font><font style="font-family:inherit;font-size:11.9pt;">, as applicable (other than any breaches or inaccuracies for any Seller Fundamental Representation), ten percent (10%) of the Purchase Price and (ii) with respect to any Claims under </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 10.2(a)(i)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;or </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 10.2(b)(i)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;for any breaches or inaccuracies for any Seller Fundamental Representation, one hundred percent (100%) of the Purchase Price and (b) if Buyer is the Indemnifying Party, (i) with respect to any Claims under </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 10.2(c)(i)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;(other than any breaches or inaccuracies for any Buyer Fundamental Representation), ten percent (10%) of the Purchase Price and (ii) with respect to any Claims under </font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Section 10.2(c)(i)</font><font style="font-family:inherit;font-size:11.9pt;">&#32;for any breaches or inaccuracies for any Buyer Fundamental Representation, one hundred percent (100%) of the Purchase Price.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">&#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Lien</font><font style="font-family:inherit;font-size:11.9pt;">&#8221; means any mortgage, pledge, deed of trust, assessment, security interest, charge, lien, claim, restriction, option, warranty, right of first offer, right of first refusal, conditional sale or other purchase right, title defect or other encumbrance.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:11.9pt;"><font style="font-family:inherit;font-size:11.9pt;">&#8220;</font><font style="font-family:inherit;font-size:11.9pt;text-decoration:underline;">Master Lease Agreement</font><font style="font-family:inherit;font-size:11.9pt;">&#8221; means that certain Master Lease Agreement, by and between WST Seller and RETA Seller, dated as of the date hereof.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Material Adverse Effect</font><font style="font-family:inherit;font-size:12pt;">&#8221;  means  any  change,  event,  circumstance,  development, occurrence  or  effect  that,  individually  or  in  the  aggregate  with  any  other  change,  event, circumstance, development, occurrence or effect has had or would reasonably be expected to have a materially adverse effect on, the business, liabilities, operations or condition (financial or otherwise) of WST Seller or the Project Assets and the Assumed Liabilities, taken as a whole, except for  any  such  change  or  event  resulting  from  or  arising  out  of  (a)  changes  in  economic conditions  generally  or  in  the  industries  in  which  the  Project  operates,  whether  international, </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-10</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">national, regional or local, (b) changes in international, national or regional wholesale or retail markets (including market description or pricing) for energy, electricity or ancillary services, including those due to actions by competitors or changes in international, national or regional electric transmission or distribution systems, including the operation or condition thereof, (c) changes in general regulatory or political conditions, including any acts of war, civil unrest or terrorist activities (or similar activities), (d) any changes in the costs of commodities, services, equipment, materials or supplies, including fuel and other consumables, or changes in the price of energy, capacity or ancillary services, (e) natural disasters, (f) any change in Law</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">,</font><font style="font-family:inherit;font-size:12pt;">&#32;accounting standards or regulatory policy adopted or approved by any Governmental Entity, (g) any changes or adverse conditions in securities markets, interest rate or currency exchange rates, (h) any actions specifically required to be taken or consented to pursuant to or in accordance with this Agreement, (i) the execution and delivery of this Agreement, the identity of Buyer, the Transactions or the announcement thereof, or (j) any failure to meet any estimates or budgets for any period; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, in the case of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clauses (a)</font><font style="font-family:inherit;font-size:12pt;">&#32;through </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">(g)</font><font style="font-family:inherit;font-size:12pt;">&#32;of this definition, such changes or events do not disproportionately impact the Project relative to other electric transmission facilities.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Maximum Purchase Price</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.5(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">MOU</font><font style="font-family:inherit;font-size:12pt;">&#8221; means that certain Amended and Restated Memorandum of Understanding, dated January 3, 2019, among Buyer, WST Seller and RETA Seller. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">NMAC</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the New Mexico Administrative Code.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">NMPRC</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the New Mexico Public Regulation Commission or any successor.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">NMPRC Approval</font><font style="font-family:inherit;font-size:12pt;">&#8221; means a final, non-appealable order issued by the NMPRC approving Buyer&#8217;s acquisition of the Project pursuant to NMSA 1978, Section 62-6-12.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">NMSA 1978</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the official 1978 compilation of the New Mexico Statutes Annotated.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">NMTRD</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the New Mexico Taxation and Revenue Department.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Non-Income Tax</font><font style="font-family:inherit;font-size:12pt;">&#8221; means Taxes other than (a) Income Taxes or (b) Transfer Taxes incurred in connection with this Agreement and the Transactions.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Non-Reimbursable Damages</font><font style="font-family:inherit;font-size:12pt;">&#8221; means consequential, special, incidental, exemplary or punitive damages (other than consequential, special, incidental or punitive damages awarded to a third party pursuant to a third-party Claim) or for a diminution in value or lost business opportunity that arise out of or relate to this Agreement or the performance or breach hereof or any liability assumed hereunder.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Non-State Lands Real Property Assignment Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.9(d)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">One Year Anniversary</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.5(d)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-11</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">One Year Anniversary Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.5(d)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Order</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any award, decision, injunction, judgment, order, writ, decree, ruling, subpoena or verdict entered, issued, made or rendered by any Governmental Entity that possesses competent jurisdiction (in each case, whether preliminary or final).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Organizational Documents</font><font style="font-family:inherit;font-size:12pt;">&#8221; means, (a) with respect to any corporation, its articles or certificate of incorporation and bylaws, (b) with respect to any limited liability company, its articles or certificate of organization or formation and its operating agreement or limited liability company agreement or documents of similar substance, (c) with respect to any limited partnership, its certificate of limited partnership and partnership agreement or governing or organizational documents of similar substance and (d) with respect to any other entity, governing or organizational documents of similar substance to any of the foregoing, in the case of each of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clauses (a)</font><font style="font-family:inherit;font-size:12pt;">&#32;through </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">(d)</font><font style="font-family:inherit;font-size:12pt;">, as may be in effect from time to time.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Outside Closing Date</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the date designated as the &#8220;Outside Closing Date&#8221; on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 12</font><font style="font-family:inherit;font-size:12pt;">, as such date may be extended in accordance with the terms of this Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Owned Real Property</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.10(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Party</font><font style="font-family:inherit;font-size:12pt;">&#8221; means one of the parties to this Agreement, its successors and permitted assigns.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Pattern Wind</font><font style="font-family:inherit;font-size:12pt;">&#8221; means Pattern New Mexico Wind LLC, a Delaware limited liability company.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Permit</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any license, permit, certificate, authorization, approval and registration, in each case, issued or granted by a Governmental Entity, including any Environmental Permit, but excluding, for the avoidance of doubt, any order or decision issued by a court in connection with any eminent domain proceeding for the acquisition of any rights-of-way, easements or other real property for the Project by RETA Seller.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Permit Applications</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.1(c)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Permitted Lien</font><font style="font-family:inherit;font-size:12pt;">&#8221; means (a) any Lien for Taxes not yet due or delinquent or that are being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP, (b) any mechanics&#8217;, workmen&#8217;s, repairmen&#8217;s, warehousemen&#8217;s, carriers&#8217; or other like Lien arising in connection with the construction and development  of  the  Project  (i)  not  yet  due  or  delinquent,  (ii)  that  are  being  contested  in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP or (iii) for which WST Seller has provided a statutory bond or similar court action  as  indemnity  or  security  for  such  Lien,  (c)  any  Lien  to  be  released  on  or  prior  to the  Closing,  (d)  zoning,  planning  and  other  similar  limitations  and  restrictions,  and  all  rights of  any  Governmental  Entity  to  regulate  the  Real  Property,  but  only  to  the  extent  no  violations (other  than  technical  violations  and  violations  in  connection  with  the  subdivision  regulation process) exist at Closing, (e) any Lien granted to the Financing Agent or any other Person in connection with the Financing (so long as such Liens are fully released at or prior to Closing), (f) any statutory right of redemption or other Lien, imperfection or irregularities of title with respect to  any  Real  Property  acquired  at  a  delinquent  property  tax  auction  and  (g)  any  other  Lien, </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-12</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">imperfections or irregularities of title, rights-of-way, easements, servitudes, restrictions, covenants and other similar non-monetary matters of record that (i) are disclosed on any title commitments or policies or surveys delivered to the Financing Agent in connection with the Financing or on the Survey or (ii) (A) does not and would not reasonably be expected to, individually or in the aggregate materially detract from the value or use of the assets to which they attach and (B) does not, and would not be reasonably be expected to, individually or in the aggregate, materially interfere with the use or operation of the subject asset or the Project.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Person</font><font style="font-family:inherit;font-size:12pt;">&#8221; means an individual, Indian tribe or nation, partnership, joint venture, corporation, limited liability company, trust, association or unincorporated organization or any Governmental Entity.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Post-Closing Period</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any period (including any Tax period) beginning after the Closing Date and that portion of any Straddle Period beginning the day after the Closing Date.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Post-Closing Security</font><font style="font-family:inherit;font-size:12pt;">&#8221; means an unconditional, irrevocable letter of credit in the amount the Indemnity Holdback Amount from a bank having an office in the United States, including a U.S. branch of a foreign commercial bank, and having a credit rating of at least A- by Standard &amp; Poor&#8217;s Ratings Group and at least A3 by Moody&#8217;s Investors Service, Inc., and total assets of at least Ten Billion Dollars ($10,000,000,000), which letter of credit (a) shall include the right for Buyer to draw upon such letter of credit in the event an indemnified Claim results in a payment due to Buyer in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.3</font><font style="font-family:inherit;font-size:12pt;">, and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">(b)</font><font style="font-family:inherit;font-size:12pt;">&#32;shall be kept in effect for a period expiring on the eighteenth (18</font><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">th</sup></font><font style="font-family:inherit;font-size:12pt;">) month anniversary of the Closing Date.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Pre-Approved Real Property Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221; means (a) any agreement substantially in the form of an agreement attached hereto as </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 15</font><font style="font-family:inherit;font-size:12pt;">; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;that, such agreement may include any provision expressly approved by Buyer in writing, (b) any easements or rights-of-way granted by the New Mexico Commissioner of Public Lands and (c) any Crossing Agreements.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Pre-Closing Period</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any period (including any Tax period) ending on or before the Closing Date and that portion of any Straddle Period ending on Closing Date.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Private Letter Ruling</font><font style="font-family:inherit;font-size:12pt;">&#8221; means a letter ruling by the NMTRD finding that where (a) WST Seller contracts with a single EPC Contractor that acts as construction manager, as contracting agent for other EPC Contractors, and as the single point of contact for Buyer relating to all other EPC Contracts following the Closing, (b) in such contracting agent role, such EPC Contractor enters into contracts with WST Seller on behalf of the other EPC Contractors as a true disclosed agent, (c) in such construction manager role, such EPC Contractor coordinates the administration of all other EPC Contracts (including the administration of warranty claims thereunder), and (d) such EPC Contractor takes full responsibility for the design of the Project, all warranties related to the Project and all schedule obligations under all other EPC Contracts, the receipts derived from the sale of services or equipment by such other EPC Contractors to WST Seller are deductible from gross receipts taxes pursuant to NMSA &#167;&#167;7-9-101 and 7-9-103 and the value of equipment purchased by WST Seller from such other EPC Contractors is deductible from compensating taxes pursuant to NMSA &#167;7-9-102 (provided that the requirements of those sections are otherwise met).</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-13</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Project</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in the Recitals.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Project Assets</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.1</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Project Costs</font><font style="font-family:inherit;font-size:12pt;">&#8221; means: (a)&#160;the cost of developing, designing, engineering, equipping, procuring, constructing, starting up, commissioning, acquiring and testing the Project (but excluding any operating costs unrelated thereto which are incurred during the Interim Period), including the cost of all labor, services, materials, supplies, equipment, tools, transportation, supervision, storage, training, construction contingency, demolition, site preparation, civil works and remediation in connection therewith (reduced to the net book value of such operating assets depreciated during the Interim Period); (b) the cost of acquiring and using any lease, easement, right-of-way and any other necessary interest in the Project Site; (c)&#160;real and personal property taxes, ad valorem taxes, sales, use and excise taxes, Transfer Taxes and insurance (including title insurance) premiums payable with respect to the Project; (d)&#160;interest payable on any construction loan and financing-related fees and costs; (e)&#160;the costs of acquiring Permits for the Project; (f) all general and administrative costs of Sellers attributable to the Project prior to and during the construction of the Project; (g) the costs and expenses associated with any damage or destruction of or to the Project due to theft, expropriation, seizure, destruction, damage, fire, earthquake, flood, the elements or other cause or casualty; and (h) all other fees, costs and expenses (including any costs incurred at the sole cost and expense of WST Seller pursuant to this Agreement) relating to the viability, development, construction, energization, acquisition, sale and construction financing of the Project, including financial, legal and consulting fees, costs and expenses, in each case of </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clauses (a)</font><font style="font-family:inherit;font-size:12pt;">&#32;through </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">(g)</font><font style="font-family:inherit;font-size:12pt;">, to the extent such costs, fees, expenses and taxes are actually incurred and verifiable or substantiated by WST Seller.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Project Milestones</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the events set forth on the Project Schedule that are the responsibility of WST Seller and the corresponding dates by which events must be achieved as set forth on the Project Schedule, and as such dates may be modified in accordance with the terms of this Agreement. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Project Schedule</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the Project Schedule attached hereto as </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 12</font><font style="font-family:inherit;font-size:12pt;">, as revised in accordance with the terms of this Agreement or otherwise revised from time to time by the agreement of the Parties in writing.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Project Site</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the Project Site described in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 3</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Property Tax</font><font style="font-family:inherit;font-size:12pt;">&#8221; means all real property Taxes, personal property Taxes and similar ad valorem Taxes, including possessory interest taxes imposed by the Pueblo of Isleta (but excluding, for the avoidance of doubt, any Transfer Taxes).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Prorated Amount</font><font style="font-family:inherit;font-size:12pt;">&#8221; means (a) with respect to any Prorated Item that is a prepayment, the amount  allocable  to  the  Post-Closing  Period  that  was  paid  by  WST  Seller  prior  to  the Closing  and  (b)  with  respect  to  any  other  Prorated  Item,  the  amount  (expressed  as  a  negative number) allocable to the Pre-Closing Period, whether or not then due and payable, that was not paid by  WST  Seller  prior  to  the  Closing,  excluding,  for  the  avoidance  of  doubt,  any  amount paid by WST Seller in the Post-Closing Period directly to the applicable third party, in each case, </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-14</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">prorated in accordance with the methodology specified in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6</font><font style="font-family:inherit;font-size:12pt;">&#32;with respect to such Prorated Item.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Prorated Difference</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6(d)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Prorated Items</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Prudent Utility Practice</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any practices, methods, standards, guides or acts, as applicable, that (a) are generally accepted in the United States during the relevant time period in the electric transmission industry, (b) are commonly used in prudent utility engineering, construction, project management and operations or (c) would be used or taken if the Project is to be constructed at a reasonable cost in a manner consistent with Laws, Orders and Specifications applicable to the Project and the objectives of reliability, safety, environmental protection, economy and expediency.  &#8220;Prudent Utility Practice&#8221; includes acceptable practices, methods or acts generally accepted in the United States and is not limited to the optimum practices, methods or acts to the exclusion of all others.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Punch List Items</font><font style="font-family:inherit;font-size:12pt;">&#8221; means, in accordance with </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex 11</font><font style="font-family:inherit;font-size:12pt;">, those non-material incidental items of work that remain to be completed under an EPC Contract and those items of completed work under an EPC Contract that have been completed but that contain non-material incidental defects or deficiencies that remain to be corrected, in each case, after the Closing Date.  For the avoidance of doubt, in each case above, any item of work that is necessary for the energization of the Project shall not be permitted to be a Punch List Item.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Purchase Price</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.5(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Purchase Price Allocation</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Real Property</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.10(c)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Real Property Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.10(c)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Real Property Assignment Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.9(e)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Recoveries</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 10.5(d)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Reimbursement Notice</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.6(d)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Release</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in 42 U.S.C. Section 9601(22).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Representatives</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the officers, directors, managers, employees, counsel, accountants, financial advisers, consultants and other agents and authorized representatives of a Person acting on behalf of such Person.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Eminent Domain Proceedings</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.20(a)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Seller</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in the Preamble.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Seller Approvals</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 4.4</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-15</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Seller Consents</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 4.3</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">RETA Seller Fundamental Representations</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the representations and warranties of RETA Seller set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 4.1</font><font style="font-family:inherit;font-size:12pt;">&#32;(Organization and Existence), </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 4.2</font><font style="font-family:inherit;font-size:12pt;">&#32;(Authorization), </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 4.3(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;(Noncontravention) and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 4.7</font><font style="font-family:inherit;font-size:12pt;">&#32;(Brokers).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Seller</font><font style="font-family:inherit;font-size:12pt;">&#8221; and &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sellers</font><font style="font-family:inherit;font-size:12pt;">&#8221; have the meaning set forth in the Preamble.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Seller Burdensome Condition</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any requirement, obligation or condition imposed by FERC or the NMPRC on WST Seller, its Affiliates or the Project as a condition of granting the FERC 203 Approval, FERC 205 Approval or NMPRC Approval, as applicable, which requirement, obligation or condition would: (a) impose a material limitation on the Project Costs allowed to be included in the incremental rates sought by Buyer, in the case of the FERC 205 Approval, or paid by Buyer pursuant to this Agreement, in the case of the FERC 203 Approval or the NMPRC Approval (in each case, subject to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.6(i)</font><font style="font-family:inherit;font-size:12pt;">); (b) require the divestiture of any portion of the Project Assets or other assets or businesses of WST Seller or its Affiliates (other than any immaterial portion of the Project Assets or other immaterial assets of businesses of WST Seller or its Affiliates); or (c) otherwise result in or require WST Seller or its Affiliates to take on risks, responsibilities or Liabilities (other than any immaterial risks, responsibilities or Liabilities) that were not anticipated or expected pursuant to this Agreement .</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Seller Fundamental Representations</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the RETA Seller Fundamental Representations and the WST Seller Fundamental Representations.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Seller Indemnified Group</font><font style="font-family:inherit;font-size:12pt;">&#8221; means collectively, each Seller and each other Indemnified Person with respect to each Seller.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Seller Indemnified Person(s)</font><font style="font-family:inherit;font-size:12pt;">&#8221; means each Seller and each of its shareholders, members, Representatives and Affiliates.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Sellers&#8217; Disclosure Letter</font><font style="font-family:inherit;font-size:12pt;">&#8221; means that certain Disclosure Letter prepared by Sellers and delivered to Buyer as of the Execution Date, as may be updated, amended or supplemented pursuant to </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.10</font><font style="font-family:inherit;font-size:12pt;">, which includes the Development Completion Disclosure Letter. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Specifications</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the Project&#8217;s technical specifications, as set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Annex&#160;2</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Specified Land Payments</font><font style="font-family:inherit;font-size:12pt;">&#8221; means (a) any &#8220;Annual ROW Payment&#8221; due from and after the Closing Date pursuant to and as defined in the Isleta Right-of-Way Agreement and (b) any payments due from and after the Closing Date pursuant to any easement or right-of-way granted by the New Mexico Commissioner of Public Lands.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">State Lands Assignment Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.9(e)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Straddle Period</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any period (including any Tax period) that begins on or before and ends after the Closing Date. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Subcontract</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any Contract for performance of any of the work and services required in   connection   with   the   development,   construction,   financing,   energization   and  testing  of </font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-16</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">the Project entered into with a Subcontractor, including any Person at any tier with whom any Subcontractor has further subcontracted any part of such work and services.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Subcontractor</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any Person, of any tier (other than either Seller, but including any Affiliate of either Seller), including any vendor or supplier, that performs any of the work and services required in connection with the development, construction, financing, energization and testing of the Project, on behalf of either Seller, in furtherance of such Seller&#8217;s obligations under this Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Survey</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 1.5(a)(vi)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Tax</font><font style="font-family:inherit;font-size:12pt;">&#8221; or &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Taxes</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any federal, state, local, tribal or foreign income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental, customs duties, capital stock, franchise, profits, withholding, social security (or similar), unemployment, disability, real property (including assessments, fees or other charges based on the use or ownership of real property), personal property, sales, use, transfer, registration, value added, possessory interest (including possessory interest taxes imposed by the Pueblo of Isleta), alternative or add-on minimum, estimated tax or other tax of any kind whatsoever, including any interest, penalty or addition thereto.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Tax Return</font><font style="font-family:inherit;font-size:12pt;">&#8221; means any return, report, information return, declaration, statement, claim for refund or other document (including any schedule or related or supporting information) supplied or required to be supplied to any Taxing Authority with respect to Taxes, including amendments or supplements thereto.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Taxing Authority</font><font style="font-family:inherit;font-size:12pt;">&#8221; means, with respect to any Tax, the Governmental Entity that imposes such Tax and the agency (if any) charged with the assessment, determination or collection of such Tax for such entity or subdivision.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Third Person</font><font style="font-family:inherit;font-size:12pt;">&#8221; means a Person other than a Seller, Buyer or an Affiliate of any of them.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Third Person Claim</font><font style="font-family:inherit;font-size:12pt;">&#8221; means a Claim brought by a Third Person.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Title Company</font><font style="font-family:inherit;font-size:12pt;">&#8221; means Fidelity National Title Insurance Company, Chicago Title Insurance Company, Stewart Title Guaranty Company, First American Title Insurance Company or any other title insurance company accepted by the Financing Agent, or any combination of the foregoing, as selected by WST Seller.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Title Insurance Commitment</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.12(b)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Transactions</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the transactions contemplated by this Agreement and the Ancillary Agreements.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Transfer Taxes</font><font style="font-family:inherit;font-size:12pt;">&#8221; means all transfer, sales, use, goods and services, value added, documentary, real property transfer, recording, stamp duty, gross receipts, excise, transfer and conveyance Taxes and other similar Taxes, duties, fees or charges, including New Mexico gross receipts taxes and compensating taxes.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-17</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:138%;padding-bottom:13px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Transferred Permits</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 2.1(c)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Transmission Service Agreements</font><font style="font-family:inherit;font-size:12pt;">&#8221; mean the transmission services agreements tendered by Buyer to Pattern Wind in response to the transmission service requests with &#8220;Assign Ref&#8221; numbers 88265584, 88265674, 88265693 and 88265703. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Treasury Regulations</font><font style="font-family:inherit;font-size:12pt;">&#8221;&#160;means the U.S. federal Income Tax regulations promulgated by the United States Department of the Treasury or any successor department under the Code.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Update</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 6.10(d)</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Wires-to-Wires Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221; means either (a) an amendment to, or amendment and restatement of, the Transmission Construction and Interconnection Agreement, by and between WST Seller (f/k/a Western Spirit Clean Line LLC) and Buyer, dated November 1, 2017, as amended by that certain letter from WST Seller to Buyer dated January 31, 2019 or (b) a new Transmission Construction and Interconnection Agreement to be entered into between Buyer and WST Seller, on substantially similar terms to the agreement described in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">clause (a)</font><font style="font-family:inherit;font-size:12pt;">&#32;or such other terms as are reasonably acceptable to WST Seller.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">WST Seller</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in the Preamble.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">WST Seller Approvals</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.4</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">WST Seller Consents</font><font style="font-family:inherit;font-size:12pt;">&#8221; has the meaning set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.3</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">WST Seller Fundamental Representations</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the representations and warranties of WST Seller set forth in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.1</font><font style="font-family:inherit;font-size:12pt;">&#32;(Organization and Existence), </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.2</font><font style="font-family:inherit;font-size:12pt;">&#32;(Authorization), </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.3(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;(Noncontravention), </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.8(a)</font><font style="font-family:inherit;font-size:12pt;">&#32;(Title to Project Assets), and </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Section 3.16</font><font style="font-family:inherit;font-size:12pt;">&#32;(Brokers).</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">WST Seller Parent Guaranty</font><font style="font-family:inherit;font-size:12pt;">&#8221; means the Guaranty, dated as of the Execution Date, made by Pattern Renewables 2 LP in favor of Buyer.</font></div><div><br></div><div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">ANNEX 1-18</font></div><div style="line-height:120%;text-align:left;font-size:7.5pt;"><font style="font-family:inherit;font-size:7.5pt;"><br></font></div></div>	</body>
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