AEC EXHIBIT 2
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1 AEC EXHIBIT 2
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15 PREPARED BY, AND WHEN RECORDED RETURN TO: Allegheny Energy Center LLC c/o Invenergy LLC Tyrone H. Thomas, Jr., Esq. l South Wacker Drive, Suite 1800 Chicago, Illinois Tax Map Nos. 873-H-165; 997-H-79; 997-H-96 Cross Reference with: Document No IRREVOCABLE ASSIGNMENT AND ASSUMPTION AGREEMENT TIDS IRREVOCABLE ASSIGNMENT AND ASSUMPTION AGREEMENT (this "Assignment") is made, dated and effective as of February 10, 2016, by and between INVENERG Y THERMAL DEVELOPMENT LLC, a Delaware limited liability company ("Ass ignor") and ALLEGHENY ENERGY CENTER LLC, a Delaware limited liability company ("Assignee"). RECITALS: A. Assignor and David W. Fiore, Sr., an individual are parties to that certain Land Option Lease Agreement dated as of Apri I 8, 2015, as evidenced by that certain Memorandum of Land Option Lease Agreement recorded January 27, 2016, as Document No in the official records of Allegheny County, Pennsylvania (collectively, the "Agreement"). B. Pursuant to the Agreement, Assignor has an exclusive option to lease (and certain other related ancillary rights) that certain real propetiy located in Allegheny County, Pennsylvania and more particularly described on Exhibit A attached hereto (the "Property"). C. In accordance with the terms hereof, the parties desire that Assignor assign all of its rights under the Agreement to Assignee and that Assignee assume all or part of the obligations of Assignor as more particularly set fo1ih herein. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: l. Conveyance and Assignment. Effective as of the date hereof, Assignor hereby irrevocably (i) assigns and conveys to Assignee, all right, title and interest of Assignor in and to the Agreement and the Property (the "Assigned Interests") and (ii) delegates to Assignee all of its duties and obligations under the Agreement to be pe1formed or discharged from and after the date of this Assignment (the "Delegated Duties"). Assignor shall retain responsibility for the performance and discharge of all of its duties and obligations under the Agreement other than Delegated Duties.
16 2. Acceptance and Assumption. Assignee hereby irrevocably accepts the foregoing assignment of Assigned Interests and agrees to perform and discharge, and assume all of the De legated Duties. 3. Indemnificat ion. Assignee shall indemn ify, defend and hold Assignor harmle ss from and aga inst any cla im, demand, cause ofaction, charge,j udgme nt, damage, liability, cost or expense (including, without limitatio n, reasonable attorneys' fees and legal costs) arising out of the Delegated Duties in connection with events occurring with respect to the Assigned Interests on or after the date hereof. Assignor shall indemnify, defend and hold Assignee harmless from and against any claim, demand, cause of action, cha rge,judgme nt, damage, liability, cost or expense (including, without limitation, reasonable attorneys' fees and legal costs) aris ing out of the Agreeme nt, includ ing the Delegated Duties, in connection with events occurring thereunder prior to the date hereof. 4. Further Assurances. Assignor covenants and agrees, at its own expe nse, to execute and deliver, at the request of Assignee, such fu1ther instruments of transfer and assignment, and to take such other action as Assignee may reasonab ly request to more effectively consummate the assignment and assumption contemplated by this Assignment. 5. Govern ing Law. The provisions of th is Assign ment shall be governed by and construed under the laws of the Commonwealth of Pennsylvania (without giving effect to its principles of conflict of laws). 6. Counterpa1ts. This Assignment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. [signatures on following pag e] 2
17 IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be duly executed on their behalf, on the date first above written. ASSIGNOR: INV ENERGY THERMAL DEVELOPMENT LLC ~~::~~~ STATE OF ILLINOIS COUNTY OF took.. I,, a Notary Public of the County and State aforesaid, certify that personally came before me this day and ack owledged that (s)he is the Vice President of JNVENERGY THERMAL DEVELOPMENT LLC, a Delaware limited liability company, and that by authority duly given and as the act of such entity, (s)he signed the foregoing instrument in its name on its behalf as its act and deed. 20lfL. Witness my hand and Notarial sta1~: or seal, this _I]_ day of Ft:bruarJ OFFICIAL SUL DINA O WAGNER Notary PubllC State ot Hllnets My Commt11ton Ea,,trn May 10, 2011 [AFFIX NOTARIAL STAMP OR SEAL] g~ (f). 7,(/~ Signature of Notary Public My Commission Expires: Signature Page Irrevocable Assignment and Assumption Agreement lnvenergy Thermal Development LLC/Allegheny Energy Center LLC
18 IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be duly executed on their behalf, on the date first above written. ASSIGNEE: ALLEGHENY ENERGY CE~C By ~ ~ Name: Title~,bV:fJ-l>/ STATE OF ILLINO IS COUNTY OF Cool(. I,.DJ M {!), \t-j O..~ l't e,, f, a Notary Pub I ic of the County and State aforesaid, certify that 6 (~l".ln 5 t lll ve l ~ 7 personal ly came before me this day and acl<nme<iged that (s)he is the Vice President of ALLEGHENY ENERGY CENTER LLC, a Delaware limited liability company, and that by authority duly given and as the act of such entity, (s)he signed the foregoing instrument in its name on its behalf as its act and deed. 20~. Witness my hand and Notar ial stamp or seal, this _l_:1_ day of febrt1a.r 1 OFFICIAL SEAL OtNA O WAGNER Notw, hllllc Statt of llfinol1 My CommiUIOn bplrn May 10, 2017 [AFFIX NOTARIAL STAMP OR SEAL] 8~m. ~ Signature of Notary Public My Commission Expires: to 7 B.OI 7. Signature Page Irrevocable Assignment and Assumption Agreement lnvenergy Thermal Development LLC/Allegheny Energy Center LLC
19 EXHIBIT A TO IRREVOCABLE ASSIGNMENT AND ASSUMPTION AGREEMENT LEGAL DESCRIPTION
20 PARCEL ONE : ALL that certain parcel of ground situate in the Township of Elizabeth, County of Allegheny and Commonwealth of Pennsylvania, being part of Purpart #3, in John D. Dravo Estate, as recorded in Orphans' Court at No. 7, January Term, 1904, bounded and described as follows: BEGINNING at a point on the wester ly side of the Pittsburgh & Lake Erie Railroad right of way, SL"\.-ty (60) feet wide, formerly known as the Pittsburgh, McKeesport & Youghiogheny Railroad, and the northwesterly line of property now or formerly of William Fiore, South 54 24' West, six hundred ninety-five and five hundredths (695.05} feet to a point; thence continuing along the northerly line of land now or formerly of William Fiore, South 75 15' West, eight hundred ten and forty hundredths (810.40) feet to a point; thence continuing still along property now or formerly of said William Fiore, South 28 15' West, ninety-two and forty hundredths (92.40) feet to a point; thence continuing along line of lands now or formerly of William Fiore, North 1 56' East, two thousand three hundred ninety-si.,-..;: and forty-six hundredths (2,396.46} feet to a point on the easterly side of the Pittsburgh & Lake Erie Railroad right of way (60) feet wide; thence along the southerly line of the Pittsburgh & Lake Erie Railroad, the follov.. ing five courses and distances: by the arc of a circl e, deflecting to the right in a southeastwardly direction, ha ving a radius of seven hundr ed ninety-four and fiftyone hundred ths (794.51) feet, an arc distance of thirty and eleven hundredths (30.11) feet to a point; thence by the arc of a circle, deflecting to the right in a southeastwardly direction, having a radius of eleven hundred twenty-one and ninety-two hundredths (1,121.92} feet, an arc distance of three hundred six and seventy-seven hundredths (306.77) feet to a point; thence South 33 25' East, eight hundred ninety-seven and seventy hundredths (897.70} feet to a point; thence by the arc of a circle, deflecting to the left in a southeastwardly direction, having a radius of three thousand eight hundred forty -three and seventy-two hundredths (3,843.72) feet, an arc distance of seven hundred forth-nine and twelve hu ndredths (749.12) feet to a point; thence South 44 35' East, one hundred seventy -two and sixty-eight hundredths (172.68) feet, to a point at the place of be ginning. CONTAINING acres of land. THIS legal description is in conformity with a survey prepared by Roy T. Tait, Registered Surveyor, dated June 24, BEING designated as Block and Lot No. 873-H m the Deed Registry Office of Allegheny Count y, Pennsylvania. BEING the same property that Edmund Fellabaum and Loucreachea Fellabaum, a/k/ a Lucretia Fellaba u m, his \vife, by their deed dated Jul y 28, 1981 and recorded on July 30, 1981 in the Office of the Recorder of Deeds of Allegheny County,
21 Pennsylvania, Fiore. in Deed Book Volu me 6390, page 717, granted and conveyed to William PARCEL TWO: ALL that certain tract or parcel of land situate, lying and being in Elizabeth Township, Allegheny County, State of Pennsylvania, containing one hundred twenty-nine and fifty-five hundredths (129.55) acres, more or less, and being more particularly described as follows: BEGINNING at the Westerly right of way line of the P. & L. E. R. R. at a line of lands of W. B. Dravo Heirs; thence along said right of way line by a curve to the left with a radius of Fourteen Hundred Eight and 7 / 10 (1407.7) feet for a distance of Two Hundred Thirty-two and 3/ 10 (232.3) feet to line of lands of P. McK. & Y. R.R.; thence by said lands of P. McK. & Y. R.R. North 13 18' West One Hundred Twenty-three and 6/10 (123.6) feet ; thence by same and lands of others, North 74 56' East Four Hundred Twenty-eight and 8/ 10 (428.8) feet; thence North 61 59' East Three Hundred Fifty-two and 5/ 10 (352.5) feet to the Westerly side of a Public Road; thence along the Westerly side of said Public Road, South 49 38' East Two Hundred Fourteen and 0/ 10 (214.0) feet to the right of way line of the P. & L.E. R. R. ; thence along said right of way line by a curve to the left with a radius of Eleven Hundred Twenty-two and 3/ 10 (1122.3) feet for a distance of Seventeen Hundred Thirty-five and 8/ 10 (1735.8) feet; thence by same North 27 14' West Nine Hundred Twenty-three and 5/ 10 (923.5) feet; thence by same by a curve to the left with a radius of Thirty-seven Hundred Ninety-five and 8/ 10 (3795.8) feet for a distance of Nine Hundred Fifty and 7 / 10 (950.7) feet; thence along lands of which this is a part, South 34 24' West Two Hundred Thirty-three and 2/ 10 (233.2) feet ; thence by same North 35 36' West One Hundred Ninety -Seven and 0/10 (197.0) feet to the line of lands of P. E. Dravo; thence by line of lands of said P. E. Dravo, South 54 24' West Four Hundred Eighty-seven and 7 / 10 (487.7) feet; thence by same South 75 15' West Eight Hundred Ten and 4/ 10 (810.4) feet; thence by same,, South 28 a5 ' West Ninety-two and 4/ 10 (92.4) feet to line of land of W. B. Dravo Heirs ; then along line of land of said Dravo Heirs, South 18 17' East Twenty-nine Hundred Eighty and 2/ 10 (2980.2) feet to the place of beginning. BEING part of Block and Lot No. 997-H-79 County, Pennsylvania. in the Deed Registry Office of Allegheny BEING the same property that Elizabeth Mayak, a widow, Albert Mayak, unmarried, June A. Dorwart and Richard F. Dorwart, her husband, Frank Mayak, unmarried and Joan Diane Mayak, unmarried, by their deed dated September 25, 1970 and recorded on September 25, 1970 in the Office of the Recorder of Deeds of Allegheny County, Pennsylvania, at Deed Book Volume 4891, page 33, granted and conveyed to William Fiore, unmarried.
22 PARCEL THREE : ALL those five certain parcels or tracts of land situat e, lying and being in the Township of Elizabeth, County of Allegheny and Commonw ealth of Penns ylvania, and more particularly bounded and Described as follows, to-wit: FIRST BEGIN NING at a point in the center of a public road at the division line between the properties formerly of Mus e and Henderson, thence along the center of said road, South ' West, feet to a point ; thence along the same, South ' West 436 feet to a point; thence along the sam e, South ' West, 600 feet to a point ; thence along the same, South ' West, feet to a point ; thence along the same, South ' West, 461 feet to a point ; thence along the same, South 72 14' West, 39.2 feet to a point ; thence leaving the said road and continuing by land of W. 8. Muse, North 25 33' West, 1000 feet to a point on the line of land of H. A. Reed ' thence along the same and sundry lots, North ' East, feet to a point; thenc e along sundry lots, North ' East, feet to a poin t ; th ence along the same, North ' East, feet to a point; thence along the same, North ' East, feet to a point near a beach tree; thence North ' West, 1125 feet, more or less, to a point on the low water line of the Youghioghen y River ; thence along said River, by various courses and distances 270 feet, more or less, to a point on the line of other land of the D. L. Clark Estate; thenc e along the same, South 13 45' East, 450 feet, more or less, to a point on the int ersection of lines of lands form erly of Dra vo, Muse and Henderson ; thence along the line of land formerl y of Muse, n ow of the D. L. Clark Estate, South 13 45' East, feet to the place of beginning. CONTAINING a surface area of 71.1 acres. UNDER AND SUBJECT TO THE FOLLOWING: (A) A right of wa y heretofore granted to the Pittsburgh, McKeesport & Youghiogheny Rai lroad Compan y, by the predecessors in title of D. L. Clark, as recorded in Deed Book Vol. 424, page 275, and also subject to a certain oil and gas lease made by the heirs of James P. Henderson and James S. Gallagher, dated December 6, 1913 and recorded in Deed Book Vol. 1815, page 465, and all of the roads, public or private, in any way affecting the property herein described. (8) A right of way granted August 23, 1940 by Fidelity Trust Co., He len M. Tawney, Harold S. Clark and Alan F. Clark, Executors and Trustees of the Estate of David L. Clark, to Elizabeth Township Authori ty as recorded in Deed Book Volume 2662, page 598. (C) A right of way granted Octob er 25, 1951 by Fidelity Trust Co., Helen M. Tawney, Harold S. Clark and Alan F. Clark, Executors and Trustees of the Estate of David L. Clark, and Helen M. Tawne y, Frank 0. Tawney, Harold S. Clark, Eva Clark, Olive C. Caldwell, William Graham Caldwell, Martha R. Gerwig and Raymond A. Gerwig as
23 individuals, to Manufacturers Light and Heat Co. as recorded in Deed Book Volume 3158, page 191. (D) A right of way granted to West Penn Power Company as set forth in a copy of survey attached to the aforementioned grant of right of way to Manufacturers Light and Heat Company recorded in Deed Book Volume 3158, page 191. (E) A right of way held by New York State Natural Gas Corporation as set forth in a copy of survey attached to the aforementioned grant of right of way to Manufacturers Light and Heat Company recorded in Deed Book Vol. 3158, page 191, said right of way being the subject of viewers proceedings, No of October Term, 1952 in which the award was satisfied in full and all costs paid. SECOND BEGINNING on the west side of the Youghioghen y River at the line oflands now or late of Victor Mayak, et ill{. Et al. ; thence follo\:ving the same, North ' West, feet to line of other land of the D. L. Clark Estate; thence by line of same, North 66 West, feet; thence along said line, South ' West, feet to a stone; thence still by the line of same, North 89 45' West, feet to lands formerly of J. P. Henderson; thence following the line of same, South 11 30' East, feet to the Youghiogheny River; thence along the line of said River at low water mark, North 78 East, feet to a point; thence along said River, North 87 East, feet to a point; thence South 85 East, feet to the place of beginning. CONTAINING a surface area of acres. UNDER AND SUBJECT to the following: (A) A right of way of The Pittsburgh & Lake Erie Railroad Company, as granted to Pittsburgh, McKeesport & Youghiogheny Railroad Company in Deed Book Volume 424, page 321, and Deed Book Volume 424, page 322, subject, also to the rights, if any there be, of the School District of Elizabeth Township, to one-half ( 1 /2) acre of the above described premises, as described in deed recorded in Deed Book Vol. 128, page 460. (B) A right of way granted October 25, 1951 by Fidelity Trust Co., Helen M. Tawney, Haro ld S. Clark and Alan F. Clark, Executors and Trustees of the Estate of David S. Clark, and Helen M. Tawney, Frank 0. Ta"wney, Harold S. Clark, Eva Clark, Olive C. Caldwell, William Graham Caldwell, Martha R. Gerwig and Raymond A. Gerwig as individuals, to Manufacturers Light and Heat Company as recorded in Deed Book Volume 3158, Page 191. (C) A right of way granted to West Penn Power Company as set forth in a copy of survey attached to the aforementioned grant of right of way to manufacturers Light and heat Company recorded in Deed Book Volume 3158, Page 191.
24 (D) A Right of way held by New York State Natural Gas Corporation as set forth in a copy of survey attached to the aforementioned Grant of Right of Way to Manufacturers Ligh t and Heat Company recorded in Deed Book Volume 3158, Page 19 1, said right of way being the su bject of viewers proceed ings, No of October Term, 1952 in wh ich the award was satisfied in full and all costs paid. (E) Any and all oil and gas leases, if any, upon said premises. (F) The prior exception and reservation of all that part of the Pittsburgh seam of coal underlying said tract which has been sold by the predecessors in title of D. L. Clark, and also all of the said seam sold by Pittsburgh Speedway Land Company, by its deed to C. H. Wisser, dated November 23, 1917, and recorded in the Office of the Recorder of Deeds, in and for said County, together with the mining rights reserved and set forth in a deed from Nancy A. Dravo et al. to Jane B. Muse, dated J u ne 6, 1893, and recorded in the Recorder 's Office of said County in Deed Book Vol. 1020, page 156, to which deed reference may be had to chain of title, together also with the mining rights granted to C. H. Wisser, by deed to him, above mentioned, and together also with the right to mine and remove the said coal underlying the Pittsburgh seam of coal. THIRD Pu rpart No. One (1) in the Partition of the Estate of John D. Dravo, deceased, in the Orphans ' Court of Allegheny County, Pennsylvania, at No. 7 January Term, 1904, Partition Docket 25, page 440 bounded and described as follows: BEGINNING at a comer of Purpart No. 2 in the Partition of the Estate of John D. Dravo, deceased, and other lands of the D. L. Clark Estate; thence by land of said D. L. Clark Estate, South 62 32' West, feet to a pin in a stone pile; thence by same, North 88 45' West, feet to a pin; thence by land formerly of Henderson Heirs, North 10 30' West, feet to the Youghiogheny River; thence up said River, North 67 03' East, feet; North 41 East, 770 feet; North 40 East, 575 feet to line of Purpart No. 2 in said Partition proceedings; thence by line of said Purpart No. 2, south 54 East, 615 feet to a point; and thence by line of said Purpart No. 2, South 1 West, feet to the place of beginning. CONTAINING a surface area of acres. FOURTH Purpart No. Two (2) in the aforesaid Partition of the Estate of John D. Dravo, deceased, bounded and descr ibed as follows: BEGINNING at corner of Purpart No. 3 in the aforesaid Partition of the Estate of John D. Dravo, deceased, on line of other lands of the D. L. Clark Estate; thence along line of other land of the D. L. Clark Estate, North 64 40' West, 766 feet to the comer of Purpart No. 1 in said Partition; thence by line of land of said Purpart No. 1, North 1 East, feet to a point on the Pub lic Road ; thence North 54 West by line of said
25 Purpart No. 1, 615 feet to the Youghiogheny River; thence up said River, North 40 East; 490 feet, North 49 22' East, feet; North 74 East, 330 feet; South 86 30' East, 560 Feet, South 75 15' East, 451 feet; South 58 45' East, 255 feet to the lin e of Purpart No. 3; thence by line of said Purpart South 25 0 l ' West, 2291 feet to the place of beginning. CONTAINING a surface area of acres. THE CONVEYANCE of the tracts described at THIRD and FOURTH, supra, is made under and subject to the following: (A) A right of the Pittsburgh, McKeesport & Youghiogheny Railroad Company, recorded in Deed Book Volume 453, page 11, and any and all oil and gas leases affecting the said properties. (B) A right of way granted October 25, 1951 by Fidelity Trust Co., Helen M. Tawney, Harold S. Clark and Alan F. Clark, Executors and Trustees of the Estate of David S. Clark, and Helen M. Tavmey, Frank 0. Tawney, Harold S. Clark, Eva Clark, Olive C. Caldwell, William Graham Caldwell, Martha R. Gerwig and Raymond A. Gerwig as individuals, to Manufacturers Light and Heat Company as recorded in Deed Book Volume 3158, Page 191. (C) A right of way granted to West Penn Power Company as set forth in a copy of survey attached to the aforementioned grant of right of way to manufacturers Light and heat Company recorded in Deed Book Volume 3158, Page 191. (D) A Right of way held by New York State Natural Gas Corporation as set forth in a copy of survey attached to the aforementioned Grant of Right of Way to Manufacturers Light and Heat Company recorded in Deed Book Volume 3158, Page 191, said right of way be in g the subject of viewers proceedings, No of October Term, 1952 in which the award was satisfied in full and all costs paid. FIFTH Purpart No. Three (3) in th e aforesaid Partition of the Estate of John D. Dravo, deceased, bounded and described as follows: BEGINN ING at the right of way pin of the Pittsburgh, McKeesport and Youghiogheny Railroad, where the eastern line of other lands of the D. L. Clark Estate intersects the right of way of the said railroad; thence along the line of other lands of said D. L. Clark Estate, South 21 08' West, 2177 feet to a point; thence by same, South 68 31' East, feet to a pin on the line of property of George Fellabaum; thence along the line of the land of George Fellabaum, North 3 <> 18' West, 2398 feet to the point on the right of way of th e Pittsburgh, McKeesport and Yough iogheny Railroad at the place of beginning. CONTAINING a surface area of acres.
26 UNDER AND SUBJECT to the following: (A) A right of way granted October 25, 1951 by Fidelity Trust Co., Hel en M. Tawney, Harold S. Clark and Alan F. Clark, Executors and Trustees of the Esta te of David S. Clark, and Helen M. Tawney, Frank 0. Tavvney, Harold S. Clark, Eva Clark, Olive C. Caldwell, William Graham Caldwell, Martha R. Gerwig and Raymond A. Gerwig as individuals, to Manufacturers Light and Heat Company as recorded in Deed Book Volum e 3158, Page 191. (C) A right of way granted to West Penn Power Company as set forth in a copy of su rvey attached to the aforementioned grant of right of way to manufacturers Light and heat Company recorded in Deed Book Volume 3158, Page 191. (D) A Right of way held by New York State Natural Gas Corporation as set forth in a copy of survey attached to the aforementioned Grant of Right of Way to Manufacturers Light and Heat Company recorded in Deed Book Volume 3158, Page 191, said right of way being the subject of viewers proceedings, No of October Term, 1952 in which the award was satisfied in full and all costs paid. BEING designated as part of Block and Lot No. 997-H-79 (including mobile trailer designated as Block and Lot No T-1367) in th e Deed Registry Office of Allegheny County, Pennsylvania. BEING the same properties that Thomas A. Wilson, unmarried, by his deed dated December 22, 1970 and recorded on January 29, 1971 in the Office of the Recorder of Deeds of Allegheny County, Penns ylvania, in Deed Book Volume 4930, page 293, granted and conveyed to William Fiore, unmarried. PARCEL FOUR: ALL that certain property known as Rolling Hills Village, located on Henderson Road, situate in th e Township of Elizabeth, County of Allegheny, Commonwealth of Pennsylvania, being bounded and described as follows, to-wit: BEGINNING at a point on the center of Henderson Road and proceed ing along a line North 23 58' West for a distance of feet; thence along a line North 50 East for a distance of 2,068.0 feet; thence proceed ing along a line South 40 East a distance of 560 feet; thence along a line South 20 West a distance of 1,400.0 feet, thence along a line South 17 East feet to the center line of Hend erson Road and thence returning to the point of origin South 80 02' West a distance of feet. PROPERTY descr iption from Site Plan prepared by Jacobs and George, Architects, referred to as Job No. 176, dated June 8, BEING designated as Block and Lot No. 997-H-96 m the Deed Registry Office of Allegheny Cou nty, Pennsylvania.
27 BEING the same premises which William Fiore, unmarried, by Deed dated December 1, 1977 and recorded Decemb er 1, 1977 in Allegheny County in Deed Book Volume 5874, page 260, conveyed unto William Fiore, unmarri ed, trading and doing business as Rolling Hills Village, in fee.
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