Aes Drax Acquisition Limited

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES IN ANY CAPACITY WHATSOEVER OF EACH OBLIGOR TO THE CHARGEE AS AGENT A ND TRUSTEE FOR ITSELF AND EACH OF THE FI NANCE PARTIES (THE "SECURITY TRUSTEE") A ND TO THE LC FINANCE PARTIES (OR ANY OF THEM) UNDER THE LC FINANCE DOCUMENTS, A ND TO THE EUROBOND FINANCE PARTIES (OR A NY OF THEM) UNDER EACH OR ANY OF THE EUR OBOND DOCUMENTS, AND TO THE HEDGING BANK S (OR ANY OF THEM) UNDER EACH OR ANY OF THE HEDGING DOCUMENTS, AND THE SUBORDINA TED HEDGING BANKS (OR ANY OF THEM) UNDER EACH OR ANY OF THE SUBORDINATED HEDGING DOCUMENTS, AND THE OBLIGATIONS OF AES D RAX POWER LIMITED TO HARICH INVESTMENTS BV UNDER THE TARGET SWAP DOCUMENTS, AND OF EACH OBLIGOR TO THE SENIOR BOND FINAN CE PARTIES AND ANY ADDITIONAL BOND FINAN CE PARTIES (OR ANY OF THEM) UNDER EACH O R ANY OF THE SENIOR BOND DOCUMENTS OR AN Y OF THE ADDITIONAL BOND DOCUMENTS OR AN Y OTHER DOCUMENTS EVIDENCING OR SECURING ANY SUCH LIABILITIES (ALL TERMS AS DEFI NED)

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES IN ANY CAPACITY WHATSOEVER OF EACH OBLIGOR TO THE CHARGEE AS AGENT A ND TRUSTEE FOR ITSELF AND EACH OF THE FI NANCE PARTIES (THE "SECURITY TRUSTEE") A ND TO THE LC FINANCE PARTIES (OR ANY OF THEM) UNDER THE LC FINANCE DOCUMENTS, A ND TO THE EUROBOND FINANCE PARTIES (OR A NY OF THEM) UNDER EACH OR ANY OF THE EUR OBOND DOCUMENTS, AND TO THE HEDGING BANK S (OR ANY OF THEM) UNDER EACH OR ANY OF THE HEDGING DOCUMENTS, AND THE SUBORDINA TED HEDGING BANKS (OR ANY OF THEM) UNDER EACH OR ANY OF THE SUBORDINATED HEDGING DOCUMENTS, AND THE OBLIGATIONS OF AES D RAX POWER LIMITED TO HARICH INVESTMENTS BV UNDER THE TARGET SWAP DOCUMENTS, AND OF EACH OBLIGOR TO THE SENIOR BOND FINAN CE PARTIES AND ANY ADDITIONAL BOND FINAN CE PARTIES (OR ANY OF THEM) UNDER EACH O R ANY OF THE SENIOR BOND DOCUMENTS OR AN Y OF THE ADDITIONAL BOND DOCUMENTS OR AN Y OTHER DOCUMENTS EVIDENCING OR SECURING ANY SUCH LIABILITIES (ALL TERMS AS DEFI NED)

All monies

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES (WHETHER ACTUAL AND CONTINGE NT AND WHETHER OWED JOINTLY OR SEVERALLY OR IN ANY OTHER CAPACITY WHATSOEVER) OF EACH COMPANY AND AES DRAX POWER FINANCE HOLDINGS LIMITED TO THE FINANCE PARTIES UNDER EACH OR ANY OF THE FINANCE DOCUME NTS

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES IN ANY CAPACITY WHATSOEVER OF EACH OBLIGOR TO THE CHARGEE (AS AGENT A ND TRUSTEE FOR ITSELF AND EACH OF THE FI NANCE PARTIES) AND TO THE FINANCE PARTIE S (AS DEFINED) UNDER THE LC FINANCE DOC UMENT ,AND TO THE BOND FINANCE PARTIES U NDER EACH OR ANY OF THE EUROBOND DOCUMEN TS,AND TO THE HEDGING BANKS (OR ANY OF T HEM) AND THE SUBORDINATED HEDGING AGREEM ENTS AND THE OBLIGATIONS OF AES DRAX POW ER TO HARICH INVESTMENTS BV UNDER THE TA RGET SWAP DOCUMENTS OR ANY OTHER DOCUMEN TS EVIDENCING OR SECURING ANY SUCH LIABI LITIES

ALL PRESENT AND FUTURE OBLIGATIONS AND L IABILITIES IN ANY CAPACITY WHATSOEVER OF EACH OBLIGOR TO THE CHARGEE (AS AGENT A ND TRUSTEE FOR ITSELF AND EACH OF THE FI NANCE PARTIES) AND TO THE FINANCE PARTIE S (AS DEFINED) UNDER THE LC FINANCE DOC UMENT ,AND TO THE BOND FINANCE PARTIES U NDER EACH OR ANY OF THE EUROBOND DOCUMEN TS,AND TO THE HEDGING BANKS (OR ANY OF T HEM) AND THE SUBORDINATED HEDGING AGREEM ENTS AND THE OBLIGATIONS OF AES DRAX POW ER TO HARICH INVESTMENTS BV UNDER THE TA RGET SWAP DOCUMENTS OR ANY OTHER DOCUMEN TS EVIDENCING OR SECURING ANY SUCH LIABI LITIES