Document:

EX-10.(e)

 Exhibit 10(e) 

EXECUTION VERSION 
 AMENDMENT
NO. 2, dated as of June 12, 2014 (this “Amendment”), among Energy Future Competitive Holdings Company LLC, a Delaware limited liability company and a debtor and debtor-in-possession (“Parent Guarantor”),
Texas Competitive Electric Holdings Company LLC, a Delaware limited liability company and a debtor and debtor-in-possession (“TCEH” or the “Borrower”), in a case pending under chapter 11 of the Bankruptcy Code, the
undersigned Lenders (as defined below) to the Credit Agreement referred to below, the other undersigned Credit Parties, Citibank, N.A., as administrative agent (in such capacity, the “Administrative Agent”), and as collateral agent
(in such capacity, the “Collateral Agent”) and the Letter of Credit Issuers. Unless otherwise indicated, all capitalized terms used herein and not otherwise defined herein shall have the respective meanings provided to those terms
in the Credit Agreement (as amended hereby). 
 WHEREAS, Parent Guarantor, the Borrower, the lending institutions from time to time parties
to the Credit Agreement (each a “Lender” and, collectively, the “Lenders”), Citibank, N.A. as the Administrative Agent and Collateral Agent and the Letter of Credit Issuers are parties to the Senior Secured
Superpriority Debtor-In Possession Credit Agreement, dated as of May 5, 2014, as amended by Amendment No. 1 dated as of May 13, 2014 (the “Amendment No. 1”), (the “Credit Agreement”); 

WHEREAS, Parent Guarantor, Borrower, the Subsidiary Guarantors and Citibank, N.A. as Collateral Agent are parties to the Security Agreement,
dated as of May 5, 2014 (the “Security Agreement”); 
 WHEREAS, the parties hereto wish to enter into certain
amendments, supplements or other modifications to the Credit Agreement and Security Agreement as provided herein, subject to the terms and conditions set forth below; 

WHEREAS, the Borrower wishes to appoint the Amendment Arranger (as defined below) as lead arranger and sole bookrunner for this Amendment and
the transactions contemplated hereby; 
 NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

Section 1 Amendments. 
  

	 	(a)	The second whereas clause in the recitals to the Credit Agreement is hereby amended by adding the words “such case of a TCEH Debtor” immediately after the word “each” in the parenthetical thereof.

  

	 	(b)	The definition of “Acceptable Reorganization Plan” under Section 1.1 of the Credit Agreement is hereby amended to read in its entirety as follows: 

 “ “Acceptable Reorganization Plan” shall mean a Reorganization Plan that
is in form and substance reasonably satisfactory to the Administrative Agent (provided, however, that with respect to provisions of the plan that relate to the payment of the Credit Facilities, such provisions must be in form and
substance satisfactory to the Administrative Agent) and provides for, among other things, the termination of the Revolving Credit Commitments and the payment in full in cash of the Obligations outstanding under the Credit Documents (other than
Contingent Obligations) and, with respect to any Letter of Credit that does not become a letter of credit under the Exit Facilities, cash collateralization of such Letter of Credit, in each case, on or prior to the earlier of the Plan Effective Date
or substantial consummation of such Reorganization Plan.” 
  

	 	(c)	Section 1.1 of the Credit Agreement is hereby amended by adding the following definition in proper alphabetical sequence: 

“ “Amendment No. 2 Effective Date” shall mean June 12, 2014” 

 

	 	(d)	The definition of “Disclosure Statement” in Section 1.1 of the Credit Agreement is hereby amended to read in its entirety as follows: 

“ “Disclosure Statement” shall mean a Disclosure Statement that is in form and substance reasonably satisfactory to the
Administrative Agent (provided, however, that with respect to provisions of the Disclosure Statement that relate to the payment of the Credit Facilities, such provisions must be in form and substance satisfactory to the Administrative
Agent).” 
  

	 	(e)	The definition of “Excluded Collateral” in Section 1.1 of the Credit Agreement is hereby amended by deleting the text “and (iv) the Borrower’s Avoidance Actions (other than, upon entry of
the Final Order, proceeds or property recovered, unencumbered, or otherwise the subject of successful Avoidance Actions, whether by judgment, settlement or otherwise)” and replacing it with the following text: 

“, (iv) the Borrower’s Avoidance Actions or Avoidance Proceeds (as defined in Section 14.1(a)(i)(A)); provided,
however, that to the extent a security interest or lien is granted in or on Avoidance Actions or Avoidance Proceeds, the Collateral Agent, for the benefit of itself, its sub-agents, the Lenders, the Letter of Credit Issuers, the Hedge Banks,
and the Cash Management Banks, shall be granted, pursuant to Section 364(d)(1) of the Bankruptcy Code, a valid, binding, continuing, enforceable, fully-perfected first priority senior priming security interest in and lien on the Avoidance
Actions or Avoidance Proceeds, as applicable and (v) Commercial Tort Claims (as defined in Section 14.1(a)(i)(A)) (other than Commercial Tort Proceeds (as defined in Section 14.1(a)(i)(A))).” 

  
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	 	(f)	Section 1.1 of the Credit Agreement is hereby amended by adding the following definition in proper alphabetical sequence: 

“Official Committee of Unsecured Creditors” means the official committee of unsecured creditors appointed in the Cases.”

  

	 	(g)	Section 9.15(b) of the Credit Agreement is hereby amended to read in its entirety as follows: 

“(b) The Borrower will deliver to the Administrative Agent, and in the case of clause (iii) of this subsection, to its legal
counsel, and in the case of items delivered after the Amendment No. 2 Effective Date, no later than three (3) Business Days in advance of filing with the Bankruptcy Court, (i) the Final Order (which must be in form and substance
satisfactory to the Administrative Agent), (ii) all other proposed material orders and pleadings related to the Credit Facilities (which must be in form and substance reasonably satisfactory to the Administrative Agent) and (iii) the
Acceptable Reorganization Plan (or any other plan of reorganization or liquidation) and the Disclosure Statement (or any other disclosure statements related to any such plan) (which shall be in form and substance reasonably satisfactory to the
Administrative Agent; provided that (i) with respect to provisions of the Acceptable Reorganization Plan (or any other plan of reorganization) and/or the Disclosure Statement (or any other disclosure statements) that relate to the
payment of the Credit Facilities, such provisions must be in form and substance satisfactory to the Administrative Agent and (ii) the Borrower shall not be required to deliver any such documents provided by the Official Committee of Unsecured
Creditors to the extent that any such document is filed under seal and/or subject to reasonable confidentiality and other restrictions prohibiting disclosure to the Administrative Agent, the Lenders and their counsel)”. 

 

	 	(h)	Section 9.15(d) of the Credit Agreement is hereby amended to read in its entirety as follows: 

“(d) The Borrower shall file with the Bankruptcy Court an Acceptable Reorganization Plan and a Disclosure Statement relating thereto
within 18 months after the Petition Date; provided, however, that with respect to provisions of the plan of reorganization and/or any disclosure statement that relate to payment of the Credit Facilities, such provisions must be in form and substance
satisfactory to the Administrative Agent.” 
  

	 	(i)	Section 11.15(viii) of the Credit Agreement is hereby amended to read in its entirety as follows: 

“(viii) (i) Any TCEH Debtor shall file a motion or pleading or commence a proceeding that could reasonably be expected to result in an
impairment of the Administrative Agent’s or any of the Lenders’ material rights or in-

  
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terests in their capacities as such under the Credit Facilities and such motion, pleading or proceeding shall not be withdrawn or dismissed within three (3) Business Days after a request to
such TCEH Debtor by the Administrative Agent or the Required Lenders to withdraw or dismiss such motion, pleading or proceeding or (ii) a final, non-appealable judgment by a court with respect to a motion, pleading or proceeding brought by
another party that results in such an impairment; provided, however, that this subclause (viii) will not apply to the termination of use of cash collateral (which shall be exclusively governed by subclause (vi) above);
or” 
  

	 	(j)	Section 14.1(a)(i) of the Credit Agreement is hereby amended to read in its entirety as follows: 

“(i) Pursuant to the Interim Order and (when applicable) the Final Order and in accordance with the terms thereof (and subject to the
terms and conditions set forth therein), as security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration, or otherwise) of the Obligations, the Borrower hereby assigns, pledges, and grants to
the Collateral Agent, for the benefit of the Secured Parties (subject, in each case, to the Carve Out and the RCT Reclamation Support Carve Out): 

(A) a fully-perfected first priority senior security interest in and Lien upon, pursuant to section 364(c)(2) of the Bankruptcy Code, all
prepetition and postpetition property of the Borrower, whether existing on the Petition Date or thereafter acquired that, on or as of the Petition Date, is not subject to valid, perfected, and non-avoidable Liens, including, without limitation, all
real and personal property, inventory, plant, fixtures, machinery, equipment, the RCT L/C Collateral Accounts, the General L/C Collateral Accounts, cash, any investment of such cash, accounts receivable, other rights to payment whether arising
before or after the Petition Date (including, without limitation, post-petition intercompany claims of the Borrower), deposit accounts, investment property, supporting obligations, minerals, oil, gas, and as-extracted collateral, causes of action
(including those arising under section 549 of the Bankruptcy Code and any related action under section 550 of the Bankruptcy Code), royalty interests, chattel paper, contracts, general intangibles, documents, instruments, interests in leaseholds,
letter of credit rights, patents, copyrights, trademarks, trade names, other intellectual property, Stock and Stock Equivalents of Subsidiaries, books and records pertaining to the foregoing, and to the extent not otherwise included, all proceeds,
products, offspring, and profits of any and all of the foregoing (the “Unencumbered Property”); provided that the Unencumbered Property shall exclude (a) the Borrower’s Avoidance Actions, or any proceeds or property
recovered pursuant to any successful Avoidance Actions, whether by judgment, settlement or otherwise (the “Avoidance Proceeds”) and (b) the Borrower’s commercial tort claims

  
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(the “Commercial Tort Claims”), but shall include any proceeds or property recovered pursuant to any successful Commercial Tort Claim whether by judgment, settlement, or
otherwise (the “Commercial Tort Proceeds”); provided, however, that to the extent a security interest or lien is granted in or on Avoidance Actions or Avoidance Proceeds, the Collateral Agent, for the benefit of
itself, its sub-agents, the Lenders, the Letter of Credit Issuers, the Hedge Banks, and the Cash Management Banks, shall be granted, pursuant to Section 364(d)(1) of the Bankruptcy Code , a valid, binding, continuing, enforceable,
fully-perfected first priority senior priming security interest in and lien on the Avoidance Actions or Avoidance Proceeds, as applicable; 

(B) a fully-perfected first priority senior priming security interest in and Lien upon, pursuant to section 364(d)(1) of the Bankruptcy Code,
all prepetition and postpetition property of the Borrower, whether existing on the Petition Date or thereafter acquired, that is subject to valid, perfected, and non-avoidable Liens currently held by any of the Prepetition Secured Creditors (as
defined in the Interim Cash Collateral Order and (when applicable) the Final Cash Collateral Order), excluding the “Deposit L/C Loan Collateral Account” to the extent of the “Deposit L/C Obligations” (each as defined in the
Prepetition Credit Agreement); provided that such security interests and Liens shall be senior in all respects to the interests in such property of any of the Prepetition Secured Creditors arising from current and future Liens of any of the
Prepetition Secured Creditors (including, without limitation, Adequate Protection Liens) (as defined in the Interim Cash Collateral Order and (when applicable) the Final Cash Collateral Order), but shall not be senior to any valid, perfected, and
non-avoidable interests of other parties arising out of Liens, if any, on such property existing immediately prior to the Petition Date, including the Liens securing the Tex-La Indebtedness, or to any valid, perfected, and non-avoidable interests in
such property arising out of Liens to which the Liens of any of the Prepetition Secured Creditors become subject subsequent to the Petition Date as permitted by section 546(b) of the Bankruptcy Code; and 

(C) a fully-perfected junior security interest in and Lien upon, pursuant to section 364(c)(3) of the Bankruptcy Code, all prepetition and
postpetition property of the Borrower (other than the property described in clauses (A) and (B) of this Section 14.1(a)(i), as to which the Liens and security interests in favor of the Collateral Agent, for the benefit of the
Secured Parties, will be as described in such clauses), whether existing on the Petition Date or thereafter acquired, that is subject to valid, perfected, and non-avoidable Liens in existence immediately prior to the Petition Date, or to any valid
and non-avoidable Liens in existence immediately prior to the Petition Date that are perfected subsequent to the Petition Date as permitted by section 546(b) of the Bankruptcy Code (in each case, other than the Adequate Protection Liens (as defined
in the Interim Cash Collateral Order and (when applicable) the Final Cash Collateral Order)); 

  
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 provided, that notwithstanding anything to the contrary in this Section 14.1(a)(i),
the Collateral shall exclude (A) Excluded Collateral, (B) Avoidance Actions or Avoidance Proceeds, and (C) Commercial Tort Claims (other than Commercial Tort Proceeds), subject to the last proviso in Section 14.1(a)(i)(A).”

  

	 	(k)	Section 2(a)(i) of the Security Agreement is hereby amended to read in its entirety as follows: 

“(i) Pursuant to the Interim Order and (when applicable) the Final Order and in accordance with the terms thereof (and subject to the
terms and conditions set forth therein), as security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration, or otherwise) of the Obligations, each Grantor hereby assigns, pledges, and grants to
the Collateral Agent, for the benefit of the Secured Parties (subject, in each case, to the Carve Out and the RCT Reclamation Support Carve Out): 

(A) a fully-perfected first priority senior security interest in and Lien upon, pursuant to section 364(c)(2) of the Bankruptcy Code, all
prepetition and postpetition property of such Grantor, whether existing on the Petition Date or thereafter acquired that, on or as of the Petition Date, is not subject to valid, perfected, and non-avoidable Liens, including, without limitation, all
real and personal property, inventory, plant, fixtures, machinery, equipment, the RCT L/C Collateral Accounts, the General L/C Collateral Accounts, cash, any investment of such cash, accounts receivable, other rights to payment whether arising
before or after the Petition Date (including, without limitation, post-petition intercompany claims of such Grantor), deposit accounts, investment property, supporting obligations, minerals, oil, gas, and as-extracted collateral, causes of action
(including those arising under section 549 of the Bankruptcy Code and any related action under section 550 of the Bankruptcy Code), royalty interests, chattel paper, contracts, general intangibles, documents, instruments, interests in leaseholds,
letter of credit rights, patents, copyrights, trademarks, trade names, other intellectual property, Stock and Stock Equivalents of Subsidiaries, books and records pertaining to the foregoing, and to the extent not otherwise included, all proceeds,
products, offspring, and profits of any and all of the foregoing (the “Unencumbered Property”); provided that the Unencumbered Property shall exclude (a) the Grantor’s Avoidance Actions and Avoidance Proceeds and
(b) the Grantor’s Commercial Tort Claims, but shall include the Grantor’s Commercial Tort Proceeds; provided, however, that to the extent a security interest or lien is granted in or on Avoidance Actions or Avoidance
Proceeds, the Collateral Agent, for 

  
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the benefit of itself, its sub-agents, the Lenders, the Letter of Credit Issuers, the Hedge Banks, and the Cash Management Banks, shall be granted, pursuant to Section 364(d)(1) of the
Bankruptcy Code , a valid, binding, continuing, enforceable, fully-perfected first priority senior priming security interest in and lien on the Avoidance Actions or Avoidance Proceeds, as applicable; 

(B) a fully-perfected first priority senior priming security interest in and Lien upon, pursuant to section 364(d)(1) of the Bankruptcy Code,
all prepetition and postpetition property of such Grantor, whether existing on the Petition Date or thereafter acquired, that is subject to valid, perfected, and non-avoidable Liens currently held by any of the Prepetition Secured Creditors (as
defined in the Interim Cash Collateral Order and (when applicable) the Final Cash Collateral Order), excluding the “Deposit L/C Loan Collateral Account” to the extent of the “Deposit L/C Obligations” (each as defined in the
Prepetition Credit Agreement); provided that such security interests and Liens shall be senior in all respects to the interests in such property of any of the Prepetition Secured Creditors arising from current and future Liens of any of the
Prepetition Secured Creditors (including, without limitation, Adequate Protection Liens) (as defined in the Interim Cash Collateral Order and (when applicable) the Final Cash Collateral Order), but shall not be senior to any valid, perfected, and
non-avoidable interests of other parties arising out of Liens, if any, on such property existing immediately prior to the Petition Date, including the liens securing the Tex-La Indebtedness, or to any valid, perfected, and non-avoidable interests in
such property arising out of Liens to which the Liens of any of the Prepetition Secured Creditors become subject subsequent to the Petition Date as permitted by section 546(b) of the Bankruptcy Code; and 

(C) a fully-perfected junior security interest in and Lien upon, pursuant to section 364(c)(3) of the Bankruptcy Code, all prepetition and
postpetition property of such Grantor (other than the property described in clauses (A) and (B) of this Section 2(a)(i), as to which the Liens and security interests in favor of the Collateral Agent, for the benefit of the
Secured Parties, will be as described in such clauses), whether existing on the Petition Date or thereafter acquired, that is subject to valid, perfected, and non-avoidable Liens in existence immediately prior to the Petition Date, or to any valid
and non-avoidable Liens in existence immediately prior to the Petition Date that are perfected subsequent to the Petition Date as permitted by section 546(b) of the Bankruptcy Code (in each case, other than the Adequate Protection Liens (as defined
in the Interim Cash Collateral Order and (when applicable) the Final Cash Collateral Order)); 

  
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 collectively, the “Collateral” and such security interest, the
“Security Interest”; provided, that notwithstanding anything to the contrary in this Security Agreement, the Collateral (and each defined term used therein) shall exclude (A) Excluded Collateral, (B) Avoidance
Actions or Avoidance Proceeds, and (C) Commercial Tort Claims (other than Commercial Tort Proceeds), subject to the last proviso in Section 2(a)(i)(A). 

Section 2 Representations and Warranties, No Default. The Borrower represents and warrants to the Lenders as of the
Amendment No. 2 Effective Date (as defined below): 
 (a) Subject to the entry of the Orders and the terms thereof, each
Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of this Amendment and has taken all necessary corporate or other organizational action to authorize the execution,
delivery and performance of this Amendment. Each Credit Party has duly executed and delivered this Amendment and, subject to the entry of the Orders and the terms thereof, this Amendment constitutes the legal, valid and binding obligation of such
Credit Party enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of
equity (whether considered in a proceeding in equity or law); and 
 (b) At the time of and after giving effect to this
Amendment, no Default or Event of Default has occurred and is continuing. 
 (c) Subject to the entry of the Orders and the
terms thereof, the execution, delivery and performance by the Credit Parties of this Amendment will not (a) contravene any applicable provision of any material Applicable Law (including material Environmental Laws), (b) result in any
breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets of Parent Guarantor,
the Borrower or any Restricted Subsidiary (other than Liens created under the Credit Documents, Permitted Liens or Liens securing any of the Prepetition Debt) pursuant to the terms of any material indenture, any loan agreement, lease agreement,
mortgage, deed of trust or other material agreement or instrument to which Parent Guarantor, the Borrower or any Restricted Subsidiary is a party or by which it or any of its property or assets is bound, in each case to the extent such agreement was
entered into after the Petition Date other than any such breach, default or Lien that could not reasonably be expected to result in a Material Adverse Effect, or (c) violate any provision of the Organizational Documents of Parent Guarantor, the
Borrower or any Restricted Subsidiary. 
 (d) The representations and warranties set forth in the Credit Agreement and in the
other Credit Documents are true and correct in all material respects with the same effect as if made on the Amendment No. 2 Effective Date, except to the extent such representations and warranties expressly relate to an earlier date, in which
case such representations and warranties shall have been true and correct in all material respects as of such earlier date. 

  
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 Section 3 Conditions to Effectiveness of Amendment.  

(a) This Amendment shall become effective on the date (the “Amendment No. 2 Effective Date”) on which each of
the following conditions are satisfied or waived by the applicable party: 
 (i) the Administrative Agent shall have received
executed signature pages to this Amendment from the Required Lenders, Parent Guarantor, the Borrower, each other Credit Party that is party to a Credit Document, and Citibank, N.A., in its capacity as Administrative Agent and Collateral Agent; 

(ii) the Administrative Agent shall have received all fees and other amounts (if any) due and payable on or prior to the
Amendment No. 2 Effective Date, including, to the extent invoiced, reimbursement or other payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder or under the Credit Agreement; and 

(iii) the Administrative Agent shall have received from Borrower a certificate of an Authorized Officer of the Borrower to the
effect that representations and warranties set forth in Section 2 hereof are true and correct on and as of the Amendment No. 2 Effective Date; and 

(b) The Administrative Agent shall notify the Borrower and the Lenders of the Amendment No. 2 Effective Date promptly
after the occurrence thereof. 
 Section 4 Counterparts. This Amendment may be executed by one or more of the
parties to this Amendment on any number of separate counterparts (including by facsimile or other electronic transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  

Section 5 Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE
OF NEW YORK AND TO THE EXTENT APPLICABLE, THE BANKRUPTCY CODE. 
 Section 6 Headings. The headings of this
Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. 
 Section 7
Notices. All communications and notices hereunder shall be given as provided in the Credit Agreement or, as the case may be, the Guarantee.  

Section 8 Severability. Any provision of this Amendment that is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.  
 Section 9 Successors. The terms of this
Amendment shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and assigns. 

  
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 Section 10 Effect of Amendment. Except as expressly set forth herein,
this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the other Secured Parties under the Credit Agreement, the Security Agreement or any other Credit
Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement, the Security Agreement or any other provision of either such agreement or any
other Credit Document, and each Credit Party acknowledges and agrees that each of the Credit Documents to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and
enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. Each and every term, condition, obligation, covenant and agreement contained in the Credit Agreement, the Security Agreement or any other Credit
Document is hereby ratified and re-affirmed in all respects and shall continue in full force and effect. Each Credit Party reaffirms its obligations under the Credit Documents to which it is party and the validity of the Liens granted by it pursuant
to the Security Documents. From and after the effective date of this Amendment, all references to the Credit Agreement or Security Agreement in any Credit Document shall, unless expressly provided otherwise, refer to the Credit Agreement or Security
Agreement, as applicable, as amended by this Amendment. In entering into this Amendment, each Lender has undertaken its own analysis and has not relied on any other Lender in making its decision to enter into this Amendment. 

Section 11 Amendment Arranger. The Borrower hereby appoints Citigroup Global Markets Inc. (and, for the purposes of this
Amendment, any of its Affiliates as it shall determine to be appropriate to provide the services customarily associated with arranging an amendment to a debtor-in-possession credit agreement) as the Amendment Arranger (in such capacity, the
“Amendment Arranger”) to act, and Citigroup Global Markets Inc. hereby agrees to act, as the Amendment Arranger and sole bookrunner for this Amendment and the transactions contemplated hereby, and it will perform its duties
customarily associated with such roles. The Borrower hereby agrees that the appointment of the Amendment Arranger hereunder and any activities by it in connection with this Amendment and the transactions contemplated hereby are subject to the
indemnification provisions under Section 13.5 of the Credit Agreement and such provisions are incorporated by reference herein, mutatis mutandis. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the
date first above written. 
  

			
	ENERGY FUTURE COMPETITIVE HOLDINGS COMPANY LLC as Debtor and Debtor-in –Possession,
	as Parent Guarantor
		
	By:	 	 /s/ Anthony R. Horton

		 	Name: Anthony R. Horton
		 	Title: Treasurer
	
	 TEXAS COMPETITIVE ELECTRIC HOLDINGS COMPANY LLC as Debtor and Debtor-in –Possession,

as the Borrower

		
	By:	 	 /s/ Anthony R. Horton

		 	Name: Anthony R. Horton
		 	Title: Treasurer

  
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	4CHANGE ENERGY COMPANY
	4CHANGE ENERGY HOLDINGS LLC
	BIG BROWN 3 POWER COMPANY LLC
	BIG BROWN LIGNITE COMPANY LLC
	BIG BROWN POWER COMPANY LLC
	COLLIN POWER COMPANY LLC
	DECORDOVA POWER COMPANY LLC
	DECORDOVA II POWER COMPANY LLC
	EAGLE MOUNTAIN POWER COMPANY LLC
	GENERATION MT COMPANY LLC
	GENERATION SVC COMPANY
	LAKE CREEK 3 POWER COMPANY LLC
	LUMINANT BIG BROWN MINING COMPANY LLC
	LUMINANT ENERGY COMPANY LLC
	LUMINANT ENERGY TRADING CALIFORNIA COMPANY
	LUMINANT ET SERVICES COMPANY
	LUMINANT GENERATION COMPANY LLC
	LUMINANT HOLDING COMPANY LLC
	LUMINANT MINERAL DEVELOPMENT COMPANY LLC
	LUMINANT MINING COMPANY LLC
	LUMINANT RENEWABLES COMPANY LLC
	MARTIN LAKE 4 POWER COMPANY LLC
	MONTICELLO 4 POWER COMPANY LLC
	MORGAN CREEK 7 POWER COMPANY
	NCA RESOURCES DEVELOPMENT COMPANY LLC
	OAK GROVE MANAGEMENT COMPANY LLC
	OAK GROVE MINING COMPANY LLC
	OAK GROVE POWER COMPANY LLC
	SANDOW POWER COMPANY LLC
	TCEH FINANCE, INC.
	TEXAS COMPETITIVE ELECTRIC HOLDINGS COMPANY LLC
	TRADINGHOUSE 3 & 4 POWER COMPANY LLC
	TRADINGHOUSE POWER COMPANY LLC
	TXU ENERGY RETAIL COMPANY LLC
	TXU ENERGY SOLUTIONS COMPANY LLC
	TXU RETAIL SERVICES COMPANY
	TXU SEM COMPANY
	VALLEY NG POWER COMPANY LLC
	VALLEY POWER COMPANY LLC, each as a Debtor and Debtor-in-Possession and a Guarantor
		
	By:	 	 /s/ Anthony R. Horton

		 	Name: Anthony R. Horton
		 	Title: Treasurer

  
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	CITIBANK, N.A., as Administrative Agent,
	Collateral Agent, Lender, General Letter of Credit Issuer and RCT Letter of Credit Issuer
		
	By:	 	 /s/ Shapleigh B. Smith

		 	Name: Shapleigh B. Smith
		 	Title: Managing Director and Vice President

 [Signature Page to Amendment No. 2] 

 
			
	[LENDER], as a Lender and RCT Letter of Credit Issuer
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Amendment No. 2]EX-10.1

 Exhibit 10.1 

SEVERANCE AGREEMENT 
 This
Severance Agreement (“Agreement”) is entered into as of March 6, 2014 (the “Effective Date”), by and between USMD Holdings, Inc. (“Company”) and Michael W.
Bukosky (“Employee”). 
 Recitals 

WHEREAS, Company acknowledges and wishes to induce Employee to accept employment with the Company and reward the valuable contributions
Employee will make to the success of the Company; and 
 WHEREAS, Company understands and acknowledges that Employee possesses skills and
knowledge instrumental to the successful conduct of the Company’s business; and 
 WHEREAS, Company is willing to enter into this
Agreement with Employee in order to better ensure itself of access to the continued services of Employee both before and after a Change in Control (defined below). 

NOW, THEREFORE, for and in consideration of the mutual covenants and agreements set forth herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 
 1.
Term. The term of this Agreement shall commence on the Effective Date and shall terminate on the actual date on which Employee’s employment with Company terminates. 

2. Operation of Agreement. On the Effective Date, this Agreement shall supercede any other agreement, if any, between the
Company and Employee that would provide Employee the right to receive severance and other benefits in connection with the termination of Employee’s employment. 

3. Certain Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 

(a) “Accrued Obligations” shall mean any vested amounts or benefits owing to Employee under the Company’s
otherwise applicable employee benefit plans and programs. 
 (b) “Base Salary” shall mean
Employee’s annualized base salary as in effect from time to time as reflected in the Company’s regular payroll records. Base Salary shall not include any portion of any bonus compensation for time periods which have not concluded as
of the Date of Termination. 
 (c) “Change in Control” shall mean the consummation of a transaction or a
series of the transactions in which more than fifty percent (50%) of the shares of stock of the Company are sold, transferred or conveyed, whether by purchase of securities, merger, consolidation, or otherwise. 

 (d) “Change in Control Date” means the date on which a
Change in Control occurs. 
 (e) “Date of Termination” shall mean 

(1) In the case of a termination for which a Notice of Termination is required, the date of receipt of such Notice of
Termination or, if later, the date specified therein, and 
 (2) In all other cases, the actual date on which Employee’s
employment terminates. 
 (f) “Earned Salary” shall mean Employee’s Base Salary earned, but unpaid, through
Employee’s Date of Termination. 
 (g) “Notice of Termination” shall mean a written notice given, in the case of
a Termination for Cause, within 45 days of the Company’s having actual knowledge of the events giving rise to such termination, and in the case of a Termination for Good Reason, within 45 days of Employee’s having actual knowledge of the
events giving rise to such termination. Any such Notice of Termination shall: 
 (1) Indicate the specific termination
provision in this Agreement relied upon, 
 (2) Set forth in reasonable detail the facts and circumstances claimed to provide
a basis for termination of Employee’s employment under the provision so indicated, 
 (3) If the Date of Termination is
other than the date of receipt of such notice, specify the Date of Termination (which date shall be not more than 30 days after the giving of such notice), and 

(4) Be delivered prior to the expiration of the term of this Agreement. 

(h) “Termination for Cause” shall mean a termination of Employee’s employment by the Company due to the
occurrence of any of the following: 
 (1) Employee’s continued failure to substantially perform Employee’s duties
and responsibilities after written demand for substantial performance is delivered by the Company specifically identifying the manner in which the Company believes Employee has not substantially performed Employee’s duties and responsibilities;

 (2) Employee’s engaging in an act or acts of misconduct which result in, or are intended to result in, material
damage to the Company’s business or reputation; 
 (3) Employee’s material violation of, or failure to comply with,
any material written policy of the Company which specifically provides that Employee may be dismissed (or Employee’s employment terminated) as a consequence of any such violation or failure to comply, or 

 (4) Employee’s conviction of (or plea of guilty or nolo contendere to
a charge of) any felony, or any crime or misdemeanor involving moral turpitude or financial misconduct. 
 (i) “Termination
for Good Reason” shall mean a termination of Employee’s employment by Employee due to the occurrence of any of the following, without the express written consent of Employee, which Company does not cure within fifteen
(15) days after receiving written Notice from Employee specifying the facts and circumstances which form the basis for the Notice (see Section 7, below): 

(1) The assignment to Employee of any duties materially inconsistent in any material adverse respect with Employee’s
position, authority or responsibilities as in effect immediately prior such assignment or change; 
 (2) A material reduction
in Employee’s Base Salary in effect immediately prior to such reduction; 
 (3) Any failure by the Company, other than
an insubstantial or inadvertent failure remedied by the Company promptly after receipt of notice thereof given by Employee, to provide Employee with the agreed on annual Base Salary for Employee; or 

(4) If, not later than the Change in Control Date, any successor in interest to the Company shall have failed to agree in
writing to assume and perform this Agreement as required by paragraph 7(f) hereof. 
 4. Termination of Employment. Employee
acknowledges that this Agreement is not an employment agreement between Company and Employee and Employee remains an “at will” employee of the Company. Nothing in this Agreement shall be construed in any way to limit the right of the
Company to terminate Employee’s employment, with or without cause, or for Employee to terminate Employee’s employment with the Company, with or without reason; provided, however, that the Company and Employee must nonetheless comply
with any duty or obligation such party has at law or under any other agreement between the parties. 
 5. Amounts Payable Upon
Termination of Employment. 
 (a) Cause and Voluntary Termination. During the term of this Agreement, if
Employee’s employment is terminated by the Company in a Termination for Cause or voluntarily by Employee (other than in a Termination for Good Reason), the Company shall pay Employee: 

(1) The Earned Salary as soon as practicable, but in no event more than 30 days, following Employee’s Date of
Termination; and 

 (2) The Accrued Obligations in accordance with the terms of the applicable plan,
program, policy or arrangement. 
 (b) Termination for Good Reason or Not for Cause. During the term of this Agreement, if
Employee terminates Employee’s employment in a Termination for Good Reason, or the Company terminates Employee’s employment for any reason other than those described in paragraph 5(a) above, the Company shall pay or shall provide to
Employee the following benefits and compensation: 
 (1) The Earned Salary, as soon as practicable, but in no event more than
30 days, following Employee’s Date of Termination; 
 (2) The Accrued Obligations, in accordance with applicable law and
the provisions of any applicable plan, program, policy or practice; 
 (3) A Separation Payment equal to (i) twelve
months of Employee’s Base Salary on the date of termination if the date of termination occurs during the first two years after the commencement of Employee’s employment with the Company, or alternatively (ii) a Separation payment
equal to eighteen months of Employee’s Base Salary on the date of termination if the date of termination occurs more than two years after the commencement of Employee’s employment with the Company; provided that if Employee terminates
employment for good reason based on a material change in Employee’s Base Salary, then Employee’s Base Salary for such purpose shall be considered the Base Salary immediately prior to such change. The Separation Payment shall be paid over
the ensuing twelve (with respect to subsection (i) above) or eighteen (with respect to subsection (ii) above) month period following the expiration of the revocation period stated in the release agreement described in paragraph 5(c) below
in accordance with the usual and customary payroll practices of Employer; and 
 (4) If permissible under Company’s
health care benefits plans in effect on the date of termination and throughout the period during which the payment of the Separation Payment is made, continued participation in Company’s health care benefits plans. 

(c) Payments Contingent on Release. The Separation Payment payable under paragraph 5(b) shall be subject to, and contingent upon,
Employee providing the Company with a signed mutual release agreement, satisfactory to Employee and the Company, releasing the Company and all affiliates of any and all claims, charges and causes of action the Employee may have arising out of or
relating in any way to the Employee’s employment by the Company and its affiliated companies and the termination of such employment. 

(d) Transfer. For purposes of this Agreement, a transfer of employment from the Company to substantially equivalent
employment with an affiliate of the Company shall not constitute a termination of employment and shall not entitle Employee to a Separation Payment provided that the provisions of this Agreement remain in effect and bind such affiliate. 

 6. Employee Covenants. 

(a) Acknowledgement of Access. Employee hereby acknowledges that in connection with Employee’s employment with the
Company, Employee has received, and will continue to receive, various information regarding the Company and its business, operations and affairs. All such information, to the extent not publicly available other than as a result of a disclosure
by Employee in violation of this Agreement, is referred to herein as the “Nonpublic Information.” 

(b) Agreement to Keep Confidential. Employee hereby agrees that, from and after the Effective Date and continuing until
three (3) years following Employee’s Date of Termination, Employee will keep all Nonpublic Information confidential and will not, without the prior written consent of the Chairman of the Company, disclose any Nonpublic Information in any
manner whatsoever or use any Nonpublic Information other than in connection with the performance of Employee’s services to the Company; provided, however, that the provisions of this paragraph 6(b) shall not prevent Employee from: 

(1) Disclosing any Nonpublic Information to any other employee of the Company or to any representative or agent of the Company
(such as an independent accountant, engineer, attorney or financial advisor) when such disclosure is reasonably necessary or appropriate (in Employee’s judgment) in connection with the performance by Employee of Employee’s duties and
responsibilities, 
 (2) Disclosing any Nonpublic Information as required by applicable law, rule, regulation or legal
process (but only after compliance with the provisions of subparagraph (c) of this paragraph), or 
 (3) Disclosing any
information about this Agreement and Employee’s other compensation arrangement to Employee’s spouse, financial advisors or attorneys, or to enforce any of Employee’s rights under this Agreement. 

(c) Commitment to Seek Protective Order. If Employee is requested pursuant to, or required by, applicable law, rule,
regulation or legal process to disclose any Nonpublic Information, Employee will notify Company promptly so that the Company may seek a protective order or other appropriate remedy or, in the Company’s sole discretion, waive compliance with the
terms of this subparagraph, and Employee will fully cooperate in any attempt by the Company to obtain any such protective order or other remedy. If no such protective order or other remedy is obtained, or the Company waives compliance with the
terms of this paragraph, Employee will furnish or disclose only that portion of the Nonpublic Information as is legally required and will exercise all reasonable efforts to obtain reliable assurance that confidential treatment will be accorded the
Nonpublic Information that is so disclosed. 

 7. Miscellaneous Provisions. 

(a) Arbitration. Except to the extent provided in paragraph 7(b), any dispute or controversy arising under or in connection
with this Agreement shall be resolved by binding arbitration. The arbitration shall be held in Dallas, Texas and except to the extent inconsistent with this Agreement, shall be conducted in accordance with the Expedited Employment Arbitration
Rules of the American Arbitration Association then in effect at the time of the arbitration, and otherwise in accordance with principles which would be applied by a court of law or equity. The arbitrator shall be acceptable to both the Company
and Employee. If the parties cannot agree on an acceptable arbitrator, the dispute shall be heard by a panel of three arbitrators, one appointed by each of the parties and the third appointed by the other two arbitrators. 

(b) Equitable Relief Available. Employee acknowledges that remedies at law may be inadequate to protect the Company against
any actual or threatened breach of the provisions of paragraph 6 by Employee. Accordingly, without prejudice to any other rights or remedies otherwise available to the Company, Employee agrees that the Company shall have the right to equitable
and injunctive relief to prevent any breach of the provisions of paragraph 6, as well as to such damages or other relief as may be available to the Company by reason of any such breach as does occur. 

(c) Breach Not a Defense. The representations and covenants on the part of Employee contained in paragraph 6 shall be
construed as ancillary to and independent of any other provision of this Agreement, and the existence of any claim or cause of action of Employee against the Company or any officer, director, stockholder or representative of the Company, whether
predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the covenants on the part of Employee contained in paragraph 6. 

(d) Notices. Any Notice of Termination or other communication called for by the terms of this Agreement shall be in writing
and either delivered personally or by registered or certified mail (postage prepaid and return receipt requested) and shall be deemed given when received at the following addresses (or at such other address for a party as shall be specified by like
notice): 
  

			
	If to the Company:	  	 USMD Holdings, Inc.
 6333 North State Highway
161, Ste. 200
 Irving, Texas 75038
 Attn: General
Counsel

		
	If to Employee:	  	 Michael W. Bukosky, MSHA, FACMPE
 5302
Summerwood Drive
 Temple, Texas 76502

 (e) Assignment. Except pursuant to an assumption by a successor described in paragraph 7(f),
the rights and obligations of the Company pursuant to this Agreement may not be assigned, in whole or in part, by the Company to any other person or entity without the express written consent of Employee. The rights and obligations of Employee
pursuant to this Agreement may not be assigned, in whole or in part, by Employee to any other person or entity without the express written consent of the Chairman of the Company. 

 (f) Successors. This Agreement shall be binding on, and shall inure to the
benefit of, the Company, Employee and their respective successors, permitted assigns, personal and legal representatives, executors, administrators, heirs, distributees, devisees and legatees, as applicable. Company shall require any successor
(whether direct or indirect) to all or substantially all of the business or assets of Company under any Change in Control (whether by purchase of securities, merger, consolidation, sale of assets or otherwise), to expressly assume and agree to
perform the obligations to be performed by the Company under this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 

(g) Amendments and Waivers. No provision of this Agreement may be amended or otherwise modified, and no right of any party
to this Agreement may be waived, unless such amendment, modification or waiver is agreed to in a written instrument signed by Employee and Company. No waiver by either party hereto of, or compliance with, any condition or provision of this
Agreement to be performed by the other party hereto shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

(h) Complete Agreement. This Agreement replaces and supersedes all prior agreements, if any, among the parties with respect
to the payments to be made to Employee upon termination of employment and the provisions of this Agreement constitute the complete understanding and agreement among the parties with respect to the subject matter hereof. 

(i) Governing Law. This Agreement is being made and executed in, and is intended to be performed in, the State of
Texas and shall be governed, construed, interpreted and enforced in accordance with the substantive laws of the State of Texas without regard to its conflict of laws principles. 

(j) Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original,
but all of which together will constitute one and the same agreement. 
 (k) Construction. The captions of the paragraphs,
subparagraphs and sections of this Agreement have been inserted as a matter of convenience of reference only and shall not affect the meaning or construction of any of the terms or provisions of this Agreement. Unless otherwise specified,
references in this Agreement to a “paragraph,” “subparagraph”, “section,” “subsection,” or “schedule” shall be considered to be references to the appropriate paragraph, subparagraph, section,
subsection, or schedule, respectively, of this Agreement. As used in this Agreement, the term “including” shall mean “including, but not limited to.” 

(l) Validity and Severability. If any term or provision of this Agreement is held to be illegal, invalid or unenforceable
under the present or future laws effective during the term of this Agreement, (1) such term or provision shall be fully severable, (2) this Agreement shall be construed and enforced as if such term or provision had never comprised a part
of this 

 
Agreement and (3) the remaining terms and provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable term or
provision or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable term or provision, there shall be added automatically as a part of this Agreement, a term or provision as similar to such illegal,
invalid or unenforceable term or provision as may be possible and be legal, valid and enforceable. 
 [Remainder of Page Left Blank;
Signature Page to Follow] 

 IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the date first
written above. 
  

			
	Company:
	
	USMD Holdings, Inc.
		
	By:	 	/s/ John House, M.D.
		 	John House, M.D., Chairman and CEO
	
	Employee:
	
	/s/ Michael W. Bukosky
	Michael W. Bukosky

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