To: Valley Partners, Inc. December 15, 2003
EXHIBIT 10(u)
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To: |
Valley Partners, Inc. |
December 15, 2003 |
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Xxxxx X. Xxxxxxx |
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Xxxxxxxx X. Xxxxxxxxxx |
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Xxxxxxx X. Xxxxxxxxx |
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Xxxxxxx X. Xxxxxx |
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Xxxxxxxxx X. Xxxxxx |
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Gentlemen and Xx. Xxxxxxxxxx:
DPL Inc.’s wholly owned subsidiaries, MVE, Inc., Miami Valley Development Company (“MVDC”) and Miami Valley Insurance Company each entered into a separate Management Services Agreement with Valley Partners, Inc. (“Valley”) dated June 20, 2001. MVDC was subsequently merged into The Dayton Power and Light Company. In addition, Valley, DPL Inc., The Dayton Power and Light Company, Xxxxxxx X. Xxxxxxxxx, Xxxxxxx X. Xxxxxx and Xxxxxxxxx X. Xxxxxx entered into an Administrative Services Agreement dated October 4, 2001. Finally, DPL Inc. and Xxxxx X. Xxxxxxx are party to a letter agreement dated October 4, 2001, and DPL and Xxxxxxxx X. Xxxxxxxxxx are party to a letter agreement dated December 14, 2001. All of the foregoing are hereinafter collectively referred to as the “Agreements”, and copies thereof are appended to this letter.
The Effective Date under the Agreements has not occurred, and the undersigned and Valley have decided that they wish to terminate the Agreements. Accordingly, we agree that the Agreements are, effective as of the above date of this letter, terminated and void ab initio in their entirety and in all respects.
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Sincerely, |
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By: |
/s/ XXXXXXX X. XXXXXX |
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Its: |
/s/ CEO and President |
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DAYTON POWER AND LIGHT COMPANY |
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By: |
/s/ XXXXXXX X. XXXXXX |
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Its: |
/s/ CEO and President |
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MVE, INC. |
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By: |
/s/ XXXXXXX X. XXXXXX |
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Its: |
/s/ Secretary and Treasurer |
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MIAMI VALLEY DEVELOPMENT COMPANY |
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By: |
/s/ XXXXXXX X. XXXXXX |
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Its: |
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MIAMI VALLEY INSURANCE COMPANY |
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By: |
/s/ XXXXXXX X. XXXXXX |
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Its: |
/s/ President |
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ACKNOWLEDGED AND AGREED TO: |
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VALLEY PARTNERS, INC. |
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By: |
/s/ XXXXXXXX X. XXXXXXXXXX |
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Its: |
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/s/ XXXXX X. XXXXXXX |
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Xxxxx X. Xxxxxxx |
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/s/ XXXXXXXX X. XXXXXXXXXX |
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Xxxxxxxx X. Xxxxxxxxxx |
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/s/ XXXXXXX X. XXXXXXXXX |
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Xxxxxxx X. Xxxxxxxxx |
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/s/ XXXXXXX X. XXXXXX |
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Xxxxxxx X. Xxxxxx |
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/s/ XXXXXXXXX X. XXXXXX |
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Xxxxxxxxx X. Xxxxxx |
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