Document:

Exhibit

EXHIBIT 10.6

August 28, 2018

Andrew Bonfield 
Dalkeith House 
Shrubbs Hill Lane 
Sunningdale, SL5 OLD England

Revised Offer

Dear Andrew:

It is my pleasure to confirm our revised offer for the position of Chief Financial Officer (CFO) at Caterpillar. Your position will report to the Chief Executive Officer (CEO). This offer is contingent upon and assumes you would commence employment as soon as possible on or before September 1, 2018.

This letter summarizes the significant components of your Total Rewards that you would receive as an employee and officer. The various components discussed below are each governed by the terms of their respective plans, and are regularly reviewed and subject to change at any time. Your employment with Caterpillar is at all time an at-will relationship, meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. Neither this letter, nor any attachments, are intended to constitute an employment contract guaranteeing employment for a specified time. This offer is further contingent on your securing valid immigration status and work authorization before your expected start date and maintaining your valid immigration status and work authorization thereafter.

At Caterpillar, we provide a Total Rewards package that is designed to be competitive and align with our pay for performance philosophy. Annual cash compensation currently consists of base salary and a cash payment under our Annual Incentive Plan (“AIP”). Long-term incentive compensation currently consists of equity awards including nonqualified stock options (“Options”) and performance-based restricted stock units (“PRSUs”).

Annual Compensation

Base Salary
The annual base salary for this position is $800,000. You will be eligible for salary increases based on market movements and your overall performance. Future increases are at the discretion of the Compensation and Human Resources Committee of the Board of Directors (“Committee”) and subject to its approval.

Annual Incentive Plan
The target AIP opportunity for this position is 115% of base salary. The AIP performance factor modifier can range from 0 to 2.0 (1.0 at target), depending on corporate and business unit performance during each year. The AIP payment for 2018 will be pro-rated based on your start date.

Long Term Incentive Plan
The long-term incentive (LTI) plan at Caterpillar is administered under the authority of the Committee and is subject to change based on the Committee’s discretion. For 2018, the Committee elected to grant long-term incentives in the form of 50% Options and 50% PRSUs to all officers and certain other key employees of Caterpillar. The target grant value for this position in 2018 was $3,000,000, with adjustments above or below the target level based on Committee discretion.

You will be granted a 2018 LTI award with a dollar value on the grant date of $1,500,000 to be made as soon as administratively practicable following the completion of your first day of employment. The vesting will align with those grants previously made by the Company to eligible employees on March 5, 2018 (i.e. options will have a 3-year pro-rata vesting schedule, vesting 1/3 on each of March 5th of 2019, 2020 and 2021 and PRSUs will have a 3 year performance period from 1/1/18 – 12/31/20). Additional terms of this grant will be set forth in a more formal award document that will be provided to you shortly after the grant date. You will be required to electronically accept the award in accordance with the Company’s routine procedures established by Caterpillar’s stock plan administrator.

Stock Ownership Guidelines
The Board of Directors set a minimum stock ownership target for all Caterpillar officers to align executives’ interests with our shareholders and to demonstrate confidence in the long-term success of Caterpillar. The current target ownership requirement for the CFO is three times base salary.  You will have a 5-year grace period to meet the target ownership requirement.

SDCP
The Supplemental Deferred Compensation Plan is a non-qualified executive compensation plan. This plan allows eligible employees to make contributions on a tax deferred basis and receive company contributions in excess of limitations imposed on our 401(k) plan by the tax code. (Details of our 401(k) plan are included in the attached U.S. Benefits summary).

Benefits and Paid Time Off
Caterpillar offers competitive employee, and dependent health and welfare benefits.  You will be eligible for relocation benefits under the Company’s relocation policy relating to the sale of your current residence, relocation and moving expenses and purchase of a new residence. You will be eligible for twenty-three (23) paid vacation days. Vacation accrues annually and must be used in the calendar year it is earned, as unused vacation time does not accumulate or carry over after each December 31.

Sign-On Compensation

Cash
Caterpillar will provide a cash sign-on bonus of $800,000, less applicable withholdings and taxes, to be paid as soon as administratively practicable following the completion of your first day of employment. You shall not have earned and thus shall be obligated to repay 100% of the cash sign-on bonuses described in the paragraph above, including any taxes withheld, within 30 days of your termination of employment, if you are terminated by the Company for cause or you 

 voluntarily terminate employment with the Company prior to the first anniversary of your hire date.

Restricted Stock Units
Caterpillar will award you a sign-on grant of restricted stock units (“RSUs”) with a dollar value on the grant date of $3,700,000 to be made as soon as administratively practicable after you begin employment. This is an adjusted amount based on the compensation received from your previous employer.  This RSUs will have a two-year pro-rata vesting schedule, vesting 1⁄2 on each of the first two anniversaries of the grant date. Additional terms of the grant will be set forth in a more formal award document that will be provided to you shortly after the grant date. You will be required to electronically accept the award in accordance with the Company’s routine procedures established by Caterpillar’s stock plan administrator. If your employment with the Company terminates during the vesting period, except for termination due to long-service separation, involuntary termination of your employment by the Company without cause, disability, death or in connection with a change in control of the Company, you will forfeit all unvested RSUs associated with this grant.

                                                                              *    *    *   *

Please contact Cheryl Johnson with any questions regarding any details of this letter. Caterpillar is pleased to offer you this compensation package and I look forward to you joining our team.

Please indicate your acceptance of this offer by signing the bottom portion of this letter and returning a copy to Cheryl prior to close of business on Sept 1, 2018.

Sincerely,

Caterpillar Inc.

            /s/ Jim Umpleby 
Jim Umpleby, Chief Executive Officer

I have read, understood and accept this offer of employment with Caterpillar Inc.

            /s/ Andrew Bonfield
            Andrew Bonfield

            Date:  8/29/2018Exhibit 4.1

 

NINTH SUPPLEMENTAL INDENTURE

 

NINTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of October 25, 2018, among Energy Center Caguas Holdings LLC (the “Guaranteeing Subsidiary”), a subsidiary of Clearway Energy Operating LLC (formerly known as NRG Yield Operating LLC) (or its permitted successor), a Delaware limited liability company (the “Company”), the Company, the other Guarantors (as defined in the Indenture referred to herein) and Delaware Trust Company (as successor in interest to Law Debenture Trust Company of New York), as trustee under the Indenture referred to below (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of August 5, 2014 providing for the issuance of 5.375% Senior Notes due 2024 (the “Notes”);

 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall fully and unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Subsidiary Guarantee”); and

 

WHEREAS, pursuant to Sections 4.10 and 9.01 of the Indenture, the Trustee, the Company and the other Guarantors are authorized to execute and deliver this Supplemental Indenture.

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 

1.                                      CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

2.                                      AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby becomes party to the Indenture as a Guarantor and as such will have all the rights and be subject to all the Obligations and agreements of Guarantors under the Indenture. The Guaranteeing Subsidiary hereby agrees to provide a full and unconditional Guarantee on the terms and subject to the conditions set forth in the Subsidiary Guarantee and in the Indenture including but not limited to Article 10 thereof.

 

3.                                      NO RECOURSE AGAINST OTHERS. No director, officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, this Indenture, the Subsidiary Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The

 

 

waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws.

 

4.                                      NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

 

5.                                      COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.

 

6.                                      EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

 

7.                                      THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Company.

 

8.                                      RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE FOR ADDITIONAL GUARANTEES PART OF INDENTURE. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture for Additional Guarantees shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall by bound hereby.

 

2

 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.

 

	
 
    	
ENERGY CENTER CAGUAS   HOLDINGS LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Chad Plotkin
    
	
 
    	
Name: Chad Plotkin
    
	
 
    	
Title: Vice   President & Treasurer
    
	
 
    	
 
    
	
 
    	
CLEARWAY ENERGY   OPERATING LLC
    
	
 
    	
CLEARWAY ENERGY LLC
    
	
 
    	
DGPV HOLDING LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Chad Plotkin
    
	
 
    	
Name: Chad Plotkin
    
	
 
    	
Title: Senior Vice   President, Chief Financial Officer & Treasurer
    
	
 
    	
 
    
	
 
    	
ALTA WIND 1-5 HOLDING   COMPANY, LLC
    
	
 
    	
ALTA WIND COMPANY, LLC
    
	
 
    	
CENTRAL CA FUEL CELL 1,   LLC
    
	
 
    	
CLEARWAY SOLAR STAR LLC
    
	
 
    	
FUEL CELL HOLDINGS LLC
    
	
 
    	
PORTFOLIO SOLAR I, LLC
    
	
 
    	
RPV HOLDING LLC
    
	
 
    	
SOLAR FLAGSTAFF ONE LLC
    
	
 
    	
SOLAR IGUANA LLC
    
	
 
    	
SOLAR LAS VEGAS MB 1   LLC
    
	
 
    	
SOLAR TABERNACLE LLC
    
	
 
    	
SOUTH TRENT HOLDINGS   LLC
    
	
 
    	
SPP ASSET HOLDINGS, LLC
    
	
 
    	
SPP FUND II HOLDINGS,   LLC
    
	
 
    	
SPP FUND II, LLC
    
	
 
    	
SPP FUND II-B, LLC
    
	
 
    	
SPP FUND III, LLC
    
	
 
    	
THERMAL CANADA   INFRASTRUCTURE HOLDINGS LLC
    
	
 
    	
THERMAL   INFRASTRUCTURE DEVELOPMENT HOLDINGS LLC
    
	
 
    	
UB FUEL CELL, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Chad Plotkin
    
	
 
    	
Name: Chad Plotkin
    
	
 
    	
Title: Vice   President & Treasurer
    

 

[Signature Page to Ninth Supplemental Indenture]

 

 

	
 
    	
DELAWARE TRUST COMPANY
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Thomas Musarra
    
	
 
    	
 
    	
Authorized Signatory:
    

 

[Signature Page to Ninth Supplemental Indenture]

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