Document:

Senior Notes Indenture

  
 Exhibit 4.4

 SENIOR NOTES INDENTURE 
 Dated as of October 4, 2010 
 By 

GENON ESCROW CORP. 
 and 
 WILMINGTON TRUST COMPANY 

as Trustee 

9.500% SENIOR NOTES DUE 2018 
 9.875% SENIOR NOTES DUE 2020 

  
 CROSS-REFERENCE TABLE*

  

			
	 Trust Indenture Act Section
	  	Indenture Section
	 310(a)(1)
	  	7.12
	       (a)(2)
	  	7.12
	       (a)(3)
	  	N.A.
	       (a)(4)
	  	N.A.
	       (a)(5)
	  	7.12
	       (b)
	  	7.12
	       (c)
	  	N.A.
	 311(a)
	  	7.13
	       (b)
	  	7.13
	       (c)
	  	N.A.
	 312(a)
	  	2.05; 8.01
	       (b)
	  	12.03
	       (c)
	  	12.03
	 313(a)
	  	7.06
	       (b)(1)
	  	N.A.
	       (b)(2)
	  	7.07; 7.08
	       (c)
	  	7.07; 12.02
	       (d)
	  	7.07
	 314(a)
	  	4.03; 12.02; 12.05
	       (b)
	  	N.A.
	       (c)(1)
	  	12.04
	       (c)(2)
	  	12.04
	       (c)(3)
	  	N.A.
	       (d)
	  	N.A.
	       (e)
	  	12.05
	       (f)
	  	N.A.
	 315(a)
	  	7.02
	       (b)
	  	7.05; 12.02
	       (c)
	  	7.02
	       (d)
	  	7.02
	       (e)
	  	6.14
	 316(a)(last sentence)
	  	2.09
	       (a)(1)(A)
	  	6.05
	       (a)(1)(B)
	  	6.04
	       (a)(2)
	  	N.A.
	       (b)
	  	6.07
	       (c)
	  	2.12; 10.04
	 317(a)(1)
	  	6.08
	       (a)(2)
	  	6.12
	       (b)
	  	2.04
	 318(a)
	  	12.01
	       (b)
	  	N.A.
	       (c)
	  	12.01

  

N.A. means not applicable. 

	*	This Cross-Reference Table is not part of this Indenture. 

  
 TABLE OF CONTENTS

  

							
	 	  	 	  	Page	 
	 ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	  
		  	 Definitions
	  	 	1	  
		  	 Other Definitions
	  	 	10	  
		  	 Rules of Construction
	  	 	11	  
		  	 Incorporation by Reference of Trust Indenture Act
	  	 	11	  
		  	 Acts of Holders
	  	 	11	  
		
	 ARTICLE 2 THE NOTES
	  	 	13	  
		  	 Form and Dating; Terms
	  	 	13	  
		  	 Execution and Authentication
	  	 	14	  
		  	 Registrar and Paying Agent
	  	 	14	  
		  	 Paying Agent to Hold Money in Trust
	  	 	15	  
		  	 List of Holders
	  	 	15	  
		  	 Transfer and Exchange
	  	 	15	  
		  	 Replacement Notes
	  	 	16	  
		  	 Outstanding Notes
	  	 	16	  
		  	 Treasury Notes
	  	 	17	  
		  	 Temporary Notes
	  	 	17	  
		  	 Cancellation
	  	 	17	  
		  	 Defaulted Interest
	  	 	17	  
		  	 CUSIP and ISIN Numbers
	  	 	18	  
		  	 Issuance of Additional Notes
	  	 	18	  
		
	 ARTICLE 3 REDEMPTION
	  	 	18	  
		  	 Notices to Trustee
	  	 	18	  
		  	 Selection of Notes to Be Redeemed or Purchased
	  	 	19	  
		  	 Notice of Redemption
	  	 	19	  
		  	 Effect of Notice of Redemption
	  	 	20	  
		  	 Deposit of Redemption or Purchase Price
	  	 	20	  
		  	 Notes Redeemed or Purchased in Part
	  	 	20	  
		  	 Optional Redemption
	  	 	21	  
		  	 Mandatory Redemption
	  	 	21	  
		  	 Special Mandatory Redemption
	  	 	22	  
		
	 ARTICLE 4 COVENANTS
	  	 	22	  
		  	 Payment of Notes
	  	 	22	  
		  	 Maintenance of Office or Agency
	  	 	23	  
		  	 Reports and Other Information
	  	 	23	  
		  	 Compliance Certificate
	  	 	24	  
		  	 Taxes
	  	 	24	  
		  	 Stay, Extension and Usury Laws
	  	 	24	  
		  	 Limitation on Restricted Payments
	  	 	24	  
		  	 Limitation on Liens
	  	 	27	  
			
	Section 4.09	  	 Corporate Existence
	  	 	28	  
		  	 Activities Prior to Assumption
	  	 	28	  
		  	 Escrow of Funds
	  	 	28	  
		  	 Offer to Repurchase upon Change of Control
	  	 	28	  
		  	 Suspension of Limitation on Restricted Payment Covenant
	  	 	30	  
		
	 ARTICLE 5 SUCCESSORS
	  	 	30	  
		  	 Merger, Consolidation or Sale of All or Substantially All Assets
	  	 	30	  
		  	 Successor Entity Substituted
	  	 	32	  

  
 i 

							
	 	  	 	  	Page	 
	 ARTICLE 6 DEFAULTS AND REMEDIES
	  	 	32	  
		  	 Events of Default
	  	 	32	  
		  	 Acceleration
	  	 	33	  
		  	 Other Remedies
	  	 	34	  
		  	 Waiver of Past Defaults
	  	 	34	  
		  	 Control by Majority
	  	 	34	  
		  	 Limitation on Suits
	  	 	34	  
		  	 Rights of Holders to Receive Payment
	  	 	35	  
		  	 Collection Suit by Trustee
	  	 	35	  
		  	 Restoration of Rights and Remedies
	  	 	35	  
		  	 Rights and Remedies Cumulative
	  	 	35	  
		  	 Delay or Omission Not Waiver
	  	 	35	  
		  	 Trustee May File Proofs of Claim
	  	 	36	  
		  	 Priorities
	  	 	36	  
		  	 Undertaking for Costs
	  	 	36	  
		
	 ARTICLE 7 TRUSTEE
	  	 	37	  
		  	 Certain Duties and Responsibilities
	  	 	37	  
		  	 Duties of Trustee
	  	 	37	  
		  	 Certain Rights of Trustee
	  	 	38	  
		  	 Individual Rights of Trustee
	  	 	39	  
		  	 Not Responsible for Recitals or Issuance of Notes
	  	 	39	  
		  	 Notice of Defaults
	  	 	39	  
		  	 Reports by Trustee to Holders of the Notes
	  	 	40	  
		  	 Compensation and Indemnity
	  	 	40	  
		  	 Resignation and Removal; Appointment of Successor
	  	 	41	  
		  	 Acceptance of Appointment by Successor
	  	 	42	  
		  	 Merger, Conversion, Consolidation or Succession to Business
	  	 	43	  
		  	 Eligibility; Disqualification
	  	 	43	  
		  	 Preferential Collection of Claims Against Company
	  	 	43	  
		  	 Appointment of Authenticating Agent
	  	 	43	  
		
	 ARTICLE 8 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	 	44	  
		  	 Company to Furnish Trustee Names and Addresses of Holders
	  	 	44	  
		  	 Preservation of Information; Communications to Holders
	  	 	45	  
		
	 ARTICLE 9 LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	  	 	45	  
		  	 Option to Effect Legal Defeasance or Covenant Defeasance
	  	 	45	  
	Section 9.02	  	 Legal Defeasance and Discharge
	  	 	45	  
	Section 9.03	  	 Covenant Defeasance
	  	 	46	  
	Section 9.04	  	 Conditions to Legal or Covenant Defeasance
	  	 	46	  
		  	Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions	  	 	47	  
		  	 Repayment to the Company
	  	 	47	  
	Section 9.07	  	 Reinstatement
	  	 	48	  
		
	 ARTICLE 10 AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	48	  
	Section 10.01	  	 Without Consent of Holders
	  	 	48	  
	Section 10.02	  	 With Consent of Holders
	  	 	49	  
		  	 Compliance with Trust Indenture Act
	  	 	50	  
		  	 Revocation and Effect of Consents
	  	 	50	  
		  	 Notation on or Exchange of Notes
	  	 	50	  
		  	 Trustee to Sign Amendments, etc
	  	 	50	  

  
 ii 

							
	 	  	 	  	Page	 
	 ARTICLE 11 SATISFACTION AND DISCHARGE
	  	 	51	  
		  	 Satisfaction and Discharge
	  	 	51	  
		  	 Application of Trust Money
	  	 	51	  
		
	 ARTICLE 12 MISCELLANEOUS
	  	 	52	  
	Section 12.01	  	 Trust Indenture Act Controls
	  	 	52	  
	Section 12.02	  	 Notices
	  	 	52	  
		  	 Communication by Holders with Other Holders
	  	 	53	  
		  	 Certificate and Opinion as to Conditions Precedent
	  	 	53	  
		  	 Statements Required in Certificate or Opinion
	  	 	54	  
		  	 Rules by Trustee and Agents
	  	 	54	  
		  	No Personal Liability of Directors, Officers, Employees, Members, Partners and Stockholders	  	 	54	  
		  	 Governing Law
	  	 	54	  
		  	 Waiver of Jury Trial
	  	 	54	  
		  	 Force Majeure
	  	 	55	  
		  	 No Adverse Interpretation of Other Agreements
	  	 	55	  
		  	 Successors
	  	 	55	  
		  	 Severability
	  	 	55	  
		  	 Counterpart Originals
	  	 	55	  
		  	 Table of Contents, Headings, etc
	  	 	55	  
		  	 U.S.A. Patriot Act
	  	 	55	  
		  	 Payments Due on Non-Business Days
	  	 	55	  
			
	Appendix A:	  	 Provisions Relating to Initial Notes, Exchange Notes and Additional Notes
	  	 	1	  
	Exhibit A:	  	 Form of Note
	  	 	A-1	  
	Exhibit B:	  	 Form of Transferee Letter of Representation
	  	 	B-1	  
	Exhibit C:	  	Form of Supplemental Indenture for Escrow Merger of the Company with and into RRI	  	 	C-1	  

  
 iii

  
 INDENTURE, dated as of
October 4, 2010, by GenOn Escrow Corp., a Delaware corporation (the “Company”), and Wilmington Trust Company, as trustee (the “Trustee”). 
 W I T N E S S E T H 
 WHEREAS, the Company has duly authorized the creation of and issue of $675,000,000 aggregate principal amount of 9.500% Senior Notes due 2018 (the “2018 Initial Notes”) and $550,000,000
aggregate principal amount of 9.875% Senior Notes due 2020 (the “2020 Initial Notes”) (together, the “Initial Notes”). 
 NOW, THEREFORE, the Company and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders of the Notes. 

ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 
 Section 1.01 Definitions. 
 “2018 Notes” means the
Initial 2018 Notes and any 2018 Additional Notes. 
 “2020 Notes” means the Initial 2020 Notes and any 2020
Additional Notes. 
 “Additional Interest” means all Additional Interest (as defined in the Registration Rights
Agreement) then owing pursuant to the Registration Rights Agreement. 
 “Additional Notes” means the additional
notes of any series having identical terms and conditions to the Notes of such series that may be issued from time to time under this Indenture after the Issue Date in accordance with the terms hereof, including Section 2.01 hereof (it being
understood that any Notes issued in exchange for or replacement of any Initial Note shall not be an Additional Note). Except as set forth in Section 3.07, any Additional Notes may be treated with the Notes of such series as a single class and
may vote on all matters with such Notes. 
 “Affiliate” of any specified Person means any other Person directly
or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person means the possession, directly or indirectly,
of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise; provided, that, a Person will be deemed to be an Affiliate if the Company has
knowledge that such Person beneficially owns 10% or more of the Voting Stock of the Company; provided, further, that the Company will only be deemed to have knowledge of any Person beneficially owning 10% or more of the Company’s Voting
Stock if such Person has filed a Statement of Beneficial Ownership pursuant to Sections 13(d) or 13(g) of the Exchange Act or has provided written notice thereof to the Company. For purposes of this definition, the terms “controlling,”
“controlled by” and “under common control with” have correlative meanings. 
 “Agent” means
any Registrar or Paying Agent. 
 “Applicable Premium” means, with respect to any Note on any redemption date,
the greater of: 
  

	 	(1)	1.0% of the principal amount of such Note; or 

  

	 	(2)	the excess of: 

  

	 	(a)	 the present value at such redemption date of (i) the payment of principal on the maturity date of the Note plus (ii) all required interest
payments due on the Note through the maturity 

  
 1 

	 	 
thereof (excluding accrued but unpaid interest to the redemption date), computed using a discount rate equal to the Applicable Treasury Rate as of such redemption date plus 50 basis points in the
case of each of the 2018 Notes and the 2020 Notes; over 

  

	 	(b)	the principal amount of such Note. 

 “Applicable Treasury Rate” means, as of any redemption date for any Notes, the yield to maturity, as of such redemption date of United States Treasury securities, with a constant maturity
(as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two business days prior to the redemption date (or, if such Statistical Release is no longer published, any
publicly available source of similar market data)) most nearly equal to the period from the redemption date to the maturity date of the Notes; provided, however, that if the period from the redemption date to the maturity date of the Notes is less
than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. 
 “Assumption” means, upon the consummation of the merger between the Company and RRI, the express assumption by RRI of all of the obligations of the Company under this Indenture and the
Notes (and thereafter all references to “Company” in this Indenture and the Notes shall mean RRI). 

“Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors. 

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act. The terms
“Beneficial Ownership”, “Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 
 “Board of Directors” or “Board” means: 
 (1) with respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized to act on behalf of such board; 

(2) with respect to a partnership, the board of directors (or person or entity serving a similar function) of the general
partner of the partnership; 
 (3) with respect to a limited liability company, the managing member or members
or any controlling committee of managing members thereof or board of directors; and 
 (4) with respect to any
other Person, the board or committee of such Person serving a similar function. 
 “Business Day” means any day other
than a Legal Holiday. 
 “Capital Stock” means: 

(1) in the case of a corporation, corporate stock; 

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (3) in the case of a partnership or limited liability
company, partnership interests (whether general or limited) or membership interests; and 
 (4) any other
interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital
Stock, whether or not such debt securities include any right of participation with Capital Stock. 

  
 2 

  
 “Change of
Control” means the occurrence of any of the following: 
 (1) the direct or indirect sale, transfer,
conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as a whole to any
“person” (as that term is used in Section 13(d) of the Exchange Act, but excluding any employee benefit plan of the Company, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of such
plan); 
 (2) the adoption of a plan relating to the liquidation or dissolution of the Company; 

(3) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which
is that any “person” (as defined above) becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of the Company, measured by voting power rather than number of shares; provided, however, that a
reorganization transaction in which a parent entity of the Company is formed and no “person” (as defined above) becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of such parent entity shall not be
deemed to be a Change of Control; 
 (4) the first day on which a majority of the members of the Board of
Directors of the Company are not Continuing Directors; or 
 (5) the Company consolidates with, or merges with
or into, any Person, or any Person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company is converted into or exchanged for cash, securities or
other property, other than any such transaction where the Voting Stock of the Company outstanding, immediately prior to such transaction, is converted into or exchanged for Voting Stock (other than Disqualified Stock) of the surviving or transferee
Person, constituting a majority of the outstanding shares of such Voting Stock of such surviving or transferee Person (immediately after giving effect to such issuance). 
 “Commission” means the U.S. Securities and Exchange Commission. 

“Company” means the Person named as the “Company” in the first paragraph of this instrument until a successor
Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person. 
 “Consolidated Debt Ratio” means as of any date of determination, the ratio of (1) the Company’s Consolidated Total Indebtedness as of the applicable ratio calculation date to
(2) the Company’s EBITDA for the period of four consecutive fiscal quarters ended prior to such date. 

“Consolidated Interest Expense” means, for any Person for any period, with reference to the Person’s consolidated
financial statements, the aggregate of interest expense accrued during such period by such Person and its Subsidiaries on a consolidated basis on Indebtedness plus the amount of interest which was capitalized, less the sum of, without
duplication, (a) the total interest income of such Person and its Subsidiaries (other than Excluded Project Subsidiaries), and (b) the interest expense attributable to Indebtedness of any Excluded Project Subsidiary. 

“Consolidated Net Tangible Assets” means, as of any date of determination, the total amount of all assets of the Company
and its subsidiaries, determined on a consolidated basis in accordance with GAAP, as of the end of the most recent fiscal quarter for which the Company’s financial statements are available, less the sum of: 

(1) the Company’s consolidated current liabilities as of such quarter end, determined on a consolidated basis in
accordance with GAAP; and 
 (2) the Company’s consolidated assets that are properly classified as
intangible assets as of such quarter end, determined on a consolidated basis in accordance with GAAP. 

  
 3 

  
 “Consolidated
Total Indebtedness” means, as at any date of determination, an amount equal to the sum of (1) the aggregate outstanding Indebtedness of the Company and its Subsidiaries and (2) the aggregate amount of all of the Company’s
outstanding Disqualified Stock and all preferred stock of the Company’s Subsidiaries, with the amount of such Disqualified Stock and preferred stock equal to the greater of their respective voluntary or involuntary liquidation preferences and
their Maximum Fixed Repurchase Prices, in each case, determined on a consolidated basis in accordance with GAAP. For purposes hereof, the “Maximum Fixed Repurchase Price” of any Disqualified Stock or preferred stock means the price at
which such Disqualified Stock or preferred stock could be redeemed or repurchased by the Company thereof in accordance with its terms at the option of the holder thereof, in each case, determined on any date on which Consolidated Total Indebtedness
shall be required to be determined. 
 “Continuing Director” means, as of any date of determination, any member
of the Board of Directors of the Company who: 
 (1) was a member of such Board of Directors on the date of this
Indenture; or 
 (2) was nominated for election or elected to such Board of Directors with the approval of a
majority of the Continuing Directors who were members of such Board at the time of such nomination or election. 

“Corporate Trust Office” means the principal office of the Trustee at which at any particular time its corporate trust
business shall be administered (which address at the date of this Indenture is: Wilmington Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890, Attention: Corporate Trust Administration, fax: (302) 636-4145.

 “Corporation” means a corporation, association, company, limited liability company, joint-stock company or
business trust. 
 “Custodian” means the Trustee, as custodian with respect to the Notes in global form, or any
successor entity thereto. 
 “Default” means any event that is, or with the passage of time or the giving of
notice or both would be, an Event of Default. 
 “Definitive Note” means a certificated Initial Note or
Additional Note (bearing the Restricted Notes Legend if the transfer of such Note is restricted by applicable law) that does not include the Global Notes Legend. 
 “Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in Section 2.03 as the Depositary with respect to the Notes,
and any and all successors thereto appointed as Depositary hereunder and having become such pursuant to the applicable provision of this Indenture. 
 “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is convertible, or for which it is exchangeable, in each case at the option
of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder of the Capital Stock, in whole or in part,
on or prior to the date that is 91 days after the date on which the Notes mature (other than pursuant to a change of control provision substantially similar to that described under Section 4.12). 

“EBITDA” means, for any period, with reference to the Company’s consolidated financial statements (a) income
from continuing operations before income taxes and non-controlling interest; plus (b) depreciation and amortization; plus (c) Consolidated Interest Expense; plus (d) cash dividends or distributions actually received by the Company or
any of the Company’s Subsidiaries during such period from any entity which is not 

  
 4 

 
a consolidated Subsidiary or any Subsidiary whose income is excluded pursuant to the third sentence hereof. “EBITDA” shall not include the effect of (i) gains or losses on sales or
dispositions of assets; (ii) non-recurring items (including, for the avoidance of doubt, restructuring expenses) or (iii) non-cash expenses and non-cash gains or losses, including as a result of hedge transactions being marked to market,
but shall include cash payments and receipts from and in respect of settlement of Swap Agreements. Except to the extent provided in clause (d) of the first sentence hereof, “EBITDA” shall not include the effect of any income from
continuing operations before income taxes and non-controlling interest attributable to (x) any Excluded Project Subsidiary and (y) any of the Company’s other Subsidiaries to the extent that such other Subsidiary is prohibited from
making distributions or dividends as of the date of determination (unless such prohibition arises solely from the requirement under the MIRMA Lease that MIRMA and its Subsidiaries deliver financial statements for the most recently completed fiscal
year or fiscal quarter and the date of determination is less than 90 or 60 days, respectively, from the end of such fiscal year or fiscal quarter). In addition, for purposes of calculating EBITDA, the amounts accrued as rent expense under the MIRMA
Lease and REMA Lease shall be treated as operating expenses for purposes of determining income from continuing operations, and no portion of such amounts shall be treated as Consolidated Interest Expense or principal amortization, such that, to the
extent possible, the treatment of the obligations under the MIRMA Lease and REMA Lease as such obligations are treated on the closing date of the Merger is preserved. If during any period for which EBITDA is being determined, the Company or any of
the Company’s Subsidiaries shall have (a) made or consummated any acquisition for gross consideration of $10,000,000 or more (including debt assumed), then EBITDA shall be determined on a pro forma basis for such period as if such
acquisition had been made or consummated as of the beginning of the first day of such period or (b) made or consummated any asset sale that is not fully included in discontinued operations, then EBITDA shall be determined on a pro forma basis
for such period as if such asset sale had been made or consummated as of the beginning of the first day of such period. EBITDA for periods prior to the closing date of the Merger will be estimated in good faith by the Company giving pro forma effect
to the Merger. 
 “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire
Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Escrow
Account” means a segregated account, under the sole control of the Trustee, that includes only cash and Government Securities, the proceeds thereof and interest earned thereon, free from all Liens other than any Liens in favor of the
Holders of Notes. 
 “Escrow Agent” means Deutsche Bank Trust Company Americas. 

“Escrow Agreement” means that certain escrow and security agreement dated as of the date of this Indenture by and among
the Company, RRI, Mirant, the Trustee, and Deutsche Bank Trust Company Americas, as Escrow Agent, as the same may be amended, supplemented or otherwise modified from time to time. 

“Escrowed Funds” means all amounts in the Escrow Account and all investments thereof made thereunder, plus all interest,
dividends and other distributions and payments thereon received by the Escrow Agent. 
 “Escrow Merger” means
the merger of the Company with and into RRI, with RRI continuing as the surviving corporation (to be renamed GenOn Energy, Inc.). 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute or statutes thereto. 

“Exchange Notes” means any Notes issued in exchange for Notes pursuant to the Registration Rights Agreement or similar
agreement. 
 “Exchange Offer” has the meaning set forth in the Registration Rights Agreement. 

  
 5 

  
 “Exchange
Offer Registration Statement” has the meaning set forth in the Registration Rights Agreement. 
 “Excluded
Project Subsidiary” means Mirant Marsh Landing or any Subsidiary of the Company whose principal purpose is the construction, acquisition or operation of a project, and whose debt is without recourse or liability to the Company or any of its
other Subsidiaries (except (i) recourse against another Excluded Project Subsidiary, including any direct or indirect parent entity of any Excluded Project Subsidiary substantially all the assets of which consist of the equity of one or more
Excluded Project Subsidiaries and (ii) recourse against the equity of an Excluded Project Subsidiary pledged by the Company or any of its Subsidiaries to secure the debt of such Excluded Project Subsidiary or any Subsidiary of such Excluded
Project Subsidiary). 
 “Existing Liens” means Liens on the property or assets of the Company or any of its
Subsidiaries securing Indebtedness outstanding or committed to be funded on the closing date of the Merger, including, without limitation, Indebtedness outstanding or committed to be funded under the New Credit Facilities. 

“GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting
Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by another such entity as have been approved by a significant
segment of the accounting profession, which are in effect from time to time. 
 “Government Securities” means
direct obligations of, or obligations guaranteed by, the United States of America (including any agency or instrumentality thereof) for the payment of which obligations or guarantees, the full faith and credit of the United States of America is
pledged and which are not callable or redeemable at the option of the issuer thereof. 
 “Holder” means a
Person in whose name a Note is registered on the Registrar’s books. 
 “Indenture” means this Indenture,
as amended or supplemented from time to time. 
 “Initial Notes” has the meaning set forth in the recitals
hereto. 
 “Initial Purchasers” means J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Deutsche
Bank Securities Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated, RBC Capital Markets Corporation and RBS Securities Inc. 
 “interest” with respect to the Notes means interest with respect thereto and Additional Interest, if any. 
 “Interest Payment Date” means April 15 and October 15 of each year to the Stated Maturity of the Notes. 
 “Issue Date” means October 4, 2010. 
 “Legal
Holiday” means a Saturday, a Sunday or a day on which banking institutions in the State of New York, New York or at a place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal
Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period. 

“Lien” means, with respect to any property or asset, any mortgage, deed of trust, deed to secure debt, lien, pledge,
hypothecation, encumbrance, restriction, collateral assignment, charge or security interest in, on or of such property or asset. 

  
 6 

  

“Merger” means the merger of RRI Energy Holdings, Inc., a direct wholly-owned subsidiary of RRI, with and into Mirant,
with Mirant continuing as the surviving corporation and a wholly-owned subsidiary of RRI pursuant to the Agreement and Plan of Merger, dated as of April 11, 2010, among RRI, Mirant and RRI Energy Holdings, Inc. 

“Merger Agreement” means the agreement and plan of merger, dated April 11, 2010, among RRI, Mirant and RRI Energy
Holdings, Inc. 
 “Merger Termination Date” means December 31, 2010 or, subject to the deposit with the
Escrow Agent of such additional amounts of cash or Government Securities as are sufficient to fund the Special Redemption Price, March 31, 2011. 
 “Mirant” means Mirant Corporation, a Delaware corporation, and not to any of its subsidiaries. 
 “Mirant Marsh Landing” means Mirant Marsh Landing, LLC and its subsidiaries. 
 “MIRMA” means Mirant Mid-Atlantic, LLC, a Delaware limited liability company, or any successor thereto. 
 “MIRMA Lease” means, collectively, the obligations of MIRMA as facility lessee under the eleven facility lease agreements, each dated as of December 19, 2000, and under the related
participation agreements and other documents executed in connection therewith, in each case as amended, modified or supplemented from time to time. 
 “New Credit Facilities” means the proposed new Credit Agreement to be entered into on the closing date of the Merger among GenOn Energy, Inc. (formerly known as RRI Energy, Inc.), as
borrower, the subsidiary guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and other agents party thereto, or the proposed new senior secured revolving credit facility and term loan facility governed
thereby. 
 “Notes” means the Initial Notes and more particularly means any series of Note authenticated and
delivered under this Indenture. For all purposes of this Indenture, the term “Notes” shall also include any Additional Notes that may be issued under a supplemental indenture and Notes to be issued or authenticated upon transfer,
replacement or exchange of Notes. Except as set forth in Section 3.07, all series of Notes will be treated as a single class. 
 “Offering Memorandum” means the offering memorandum, dated September 20, 2010, relating to the sale of the Initial Notes. 

“Officer” means, with respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the
Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary, Assistant Secretary, or any Vice President of such Person. 

“Officers’ Certificate” means a certificate signed by two Officers of the Company, one of whom is the principal
executive officer, the principal financial officer, the treasurer, the controller or the principal accounting officer of the Company. 
 “Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee. 

“Original Issue Discount Note” means any Note which provides for an amount less than the principal amount thereof to be
due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.01. 

  
 7 

  
 “PEDFA Bond
Indebtedness” means Indebtedness outstanding on the date of the indenture incurred by the Company or guaranteed by the Company in tax-exempt industrial development bond financings, the proceeds of which were used to finance the development,
construction or acquisition of the 520 MW coal facility and related assets owned by Reliant Energy Wholesale Generation LLC and located in New Florence, Indiana County, Pennsylvania. 

“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust,
unincorporated organization, limited liability company, government or other entity. 
 “Qualifying Equity
Interests” means Equity Interests of the Company other than Disqualified Stock. 
 “Record Date” for
the interest payable on any applicable Interest Payment Date means April 1 or October 1 (whether or not a Business Day) next preceding such Interest Payment Date. 
 “Refinancing Liens” means Liens granted in connection with extending, renewing, replacing or refinancing in whole or in part any Indebtedness secured by Liens described in clauses
(1) through (4) of Section 4.08; provided that Refinancing Liens do not (i) extend to property or assets other than property or assets of the type that were subject to the original Lien or (ii) secure Indebtedness having a
principal amount in excess of the amount of Indebtedness being extended, renewed, replaced or refinanced. 

“Refinancing Transactions” means (1) the Company having repaid all borrowings under Mirant North America,
LLC’s senior secured term loan, (2) the Company having redeemed (or having sufficient amounts to redeem) $850 million aggregate principal amount of Mirant North America, LLC’s senior unsecured notes and $279 million aggregate
principal amount of RRI senior secured notes and (3) the Company having defeased the PEDFA Bond Indebtedness. 

“Registration Rights Agreement” means the Registration Rights Agreement with respect to the Notes dated as of the Issue
Date, among RRI and the Initial Purchasers and, with respect to any Additional Notes, one or more registration rights agreement among the Company and the other parties thereto, relating to the rights given by the Company to the purchasers of such
Additional Notes to register such Additional Notes under the Securities Act. 
 “REMA” means RRI Energy
Mid-Atlantic Power Holdings, LLC, a Delaware limited liability company, or any successor thereto. 
 “REMA
Lease” means, collectively, the obligations of REMA as facility lessee under the three facility lease agreements, each dated as of August 24, 2000, and under the related participation agreements and other documents executed in
connection therewith, in each case as amended, modified or supplemented from time to time. 
 “Responsible
Officer” means, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee having direct responsibility for the administration of this Indenture, or any other officer to whom any corporate trust
matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 

“RRI” means RRI Energy, Inc., a Delaware corporation, and not to any of its subsidiaries. 

“Securities Act” means the Securities Act of 1933, as amended or any successor statute or statutes thereto. 

“Shelf Registration Statement” means the Shelf Registration Statement as defined in the Registration Rights Agreement.

  
 8 

  
 “Significant
Subsidiary” means any Subsidiary that would be a “significant subsidiary” as defined in Rule 1-02 of Regulation S-X promulgated pursuant to the Securities Act as such Regulation is in effect on the date of this Indenture; provided
that clause (3) of such definition will be disregarded. 
 “Special Redemption Price” shall have the
meaning set forth in the Escrow Agreement. 
 “Stated Maturity” means, with respect to any installment of
interest or principal on any series of Indebtedness, the date on which the payment of interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the date of the indenture, and will not include any
contingent obligations to repay, redeem or purchase any such interest or principal prior to the date originally scheduled for the payment thereof. 
 “Subsidiary” means, with respect to any specified Person: 
 (1) any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency and
after giving effect to any voting agreement or stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees of the corporation, association or other business entity is at the time
owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 
 (2) any partnership (a) the sole general partner or the managing general partner of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are that Person
or one or more Subsidiaries of that Person (or any combination thereof). 
 “Swap Agreement” means any
agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on
account of services provided by current or former directors, officers, employees or consultants of the Company or any of the Company’s Subsidiaries shall be a “Swap Agreement”. 

“Transfer Restricted Notes” means Definitive Notes and any other Notes that bear or are required to bear the Restricted
Notes Legend. 
 “Transactions” means the Merger, the Escrow Merger, the Assumption and the Refinancing
Transactions. 
 “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939, as
amended (15 U.S.C. §§ 77aaa-777bbbb). 
 “Trustee” means Wilmington Trust Company, as trustee,
until a successor replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 
 “Voting Stock” of any Person, as of any date, means the Capital Stock of such Person that is at the time entitled to vote in the election of the Board of Directors of such Person.

  
 9 

  
 Section 1.02
Other Definitions. 
  

			
	 Term
	  	 Defined in Section

	 “2018 Additional Notes”
	  	2.01(b)
	 “2020 Additional Notes”
	  	2.01(b)
	 “Agent Members”
	  	2.1(c) of Appendix A
	 “Applicable Procedures”
	  	1.1(a) of Appendix A
	 “Authentication Order”
	  	2.02 (c)
	 “Change of Control Offer”
	  	4.12(a)
	 “Change of Control Payment”
	  	4.12(a)
	 “Change of Control Payment Date”
	  	4.12(a)
	 “Clearstream”
	  	1.1(a) of Appendix A
	 “Covenant Defeasance”
	  	9.03
	 “Covenant Suspension Event”
	  	4.13
	 “Definitive Notes Legend”
	  	2.3(e) of Appendix A
	 “Distribution Compliance Period”
	  	1.1(a) of Appendix A
	 “DTC”
	  	2.03(b)
	 “Euroclear”
	  	1.1(a) of Appendix A
	 “Event of Default”
	  	6.01(a)
	 “Expiration Date”
	  	1.05(j)
	 “Global Note”
	  	2.1(b) of Appendix A
	 “Global Notes Legend”
	  	2.3(e) of Appendix A
	 “IAI”
	  	1.1(a) of Appendix A
	 “IAI Global Note”
	  	2.1(b) of Appendix A
	 “Indebtedness”
	  	4.08
	 “Legal Defeasance”
	  	9.02
	 “Note Register”
	  	2.03(a)
	 “Paying Agent”
	  	2.03(a)
	 “QIB”
	  	1.1(a) of Appendix A
	 “Regulation S”
	  	1.1(a) of Appendix A
	 “Regulation S Global Note”
	  	2.1(b) of Appendix A
	 “Regulation S Notes”
	  	2.1(a) of Appendix A
	 “Registrar”
	  	2.03(a)
	 “Resale Restriction Termination Date”
	  	Exhibit A
	 “Restricted Notes Legend”
	  	2.3(e) of Appendix A
	 “Restricted Payment”
	  	4.07(a)
	 “Reversion Date”
	  	4.13
	 “Rule 144”
	  	1.1(a) of Appendix A
	 “Rule 144A”
	  	1.1(a) of Appendix A
	 “Rule 144A Global Note”
	  	2.1(b) of Appendix A
	 “Rule 144A Notes”
	  	2.1(a) of Appendix A
	 “Rule 501”
	  	1.1(a) of Appendix A
	 “Special Redemption”
	  	3.09
	 “Special Redemption Date”
	  	3.09
	 “Suspended Covenant”
	  	4.13
	 “Suspension Period”
	  	4.13
	 “Unrestricted Global Note”
	  	1.1(a) of Appendix A

  
 10 

  
 Section 1.03
Rules of Construction. 
 Unless the context otherwise requires: 

(1) a term defined in Section 1.01 or 1.02 has the meaning assigned to it therein, and a term used herein that is
defined in the Trust Indenture Act, either directly or by reference therein, shall have the meaning assigned to it therein; 
 (2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 
 (3) “or” is not exclusive; 
 (4) words in the singular
include the plural, and words in the plural include the singular; 
 (5) provisions apply to successive events
and transactions; 
 (6) unless the context otherwise requires, any reference to an “Appendix,”
“Article,” “Section,” “clause,” “Schedule” or “Exhibit” refers to an Appendix, Article, Section, clause, Schedule or Exhibit, as the case may be, of this Indenture; 

(7) the words “herein,” “hereof” and other words of similar import refer to this Indenture as a whole
and not any particular Article, Section, clause or other subdivision; 
 (8) “including” means
including without limitation; 
 (9) references to sections of, or rules under, the Securities Act, the Exchange
Act or the Trust Indenture Act shall be deemed to include substitute, replacement or successor sections or rules adopted by the Commission from time to time; and 

(10) unless otherwise provided, references to agreements and other instruments shall be deemed to include all amendments
and other modifications to such agreements or instruments, but only to the extent such amendments and other modifications are not prohibited by the terms of this Indenture. 
 Section 1.04 Incorporation by Reference of Trust Indenture Act. 

Whenever this Indenture refers to a provision of the Trust Indenture Act as applicable to this Indenture, the provision is incorporated
by reference in and made a part of this Indenture. 
 The following Trust Indenture Act term used in this Indenture has the
following meaning: 
 “obligor” on the Notes means the Company and any successor obligor upon the Notes.

 All other terms used in this Indenture that are defined by the Trust Indenture Act, defined by Trust Indenture Act reference to another
statute or defined by the Commission’s rule under the Trust Indenture Act have the meanings so assigned to them. 

Section 1.05 Acts of Holders. 
 (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more
instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or
both are delivered to the Trustee and, where it is hereby expressly required, to the Company. Proof of execution of any such instrument or of a writing appointing any such agent, or the holding by any Person of any Note, shall be sufficient for any
purpose of this Indenture and (subject to Section 7.02) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section 1.05. 

  
 11 

  
 (b) The fact and date
of the execution by any Person of any such instrument or writing may be proved (1) by the affidavit of a witness of such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds,
certifying that the individual signing such instrument or writing acknowledged to him the execution thereof or (2) in any other manner deemed reasonably sufficient by the Trustee. Where such execution is by or on behalf of any legal entity
other than an individual, such certificate or affidavit shall also constitute proof of the authority of the Person executing the same. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the
same, may also be proved in any other manner that the Trustee deems sufficient. 
 (c) The ownership of Notes shall be proved by
the Note Register. 
 (d) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder
of any Note shall bind every future Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof, in respect of any action taken, suffered or omitted by the Trustee
or the Company in reliance thereon, whether or not notation of such action is made upon such Note. 
 (e) The Company may set a
record date for purposes of determining the identity of Holders entitled to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, or to vote on any action
authorized or permitted to be taken by Holders; provided that the Company may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or
direction referred to in clause (f) below. Unless otherwise specified, if not set by the Company prior to the first solicitation of a Holder made by any Person in respect of any such action, or in the case of any such vote, prior to such vote,
any such record date shall be the later of 30 days prior to the first solicitation of such consent or vote or the date of the most recent list of Holders furnished to the Trustee prior to such solicitation or vote. If any record date is set pursuant
to this clause (e), the Holders on such record date, and only such Holders, shall be entitled to make, give or take such request, demand, authorization, direction, notice, consent, waiver or other action (including revocation of any action), whether
or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless made, given or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of
each series of Notes, or each affected Holder, as applicable, on such record date. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the proposed action by
Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder in the manner set forth in Section 12.02. 
 (f) The Trustee may set any day as a record date for the purpose of determining the Holders entitled to join in the giving or making of (1) any notice of default under Section 6.01(a),
(2) any declaration of acceleration referred to in Section 6.02, (3) any direction referred to in Section 6.05 or (4) any request to institute proceedings referred to in Section 6.06(2). If any record date is set
pursuant to this paragraph, the Holders on such record date, and only such Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after such record date; provided that
no such action shall be effective hereunder unless made, given or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of each series of Notes or each affected Holder, as applicable, on such record date.
Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Company in
writing and to each Holder in the manner set forth in Section 12.02. 
 (g) Without limiting the foregoing, a Holder
entitled to take any action hereunder with regard to any particular Note may do so with regard to all or any part of the principal amount of such series of Notes or by one or more duly appointed agents, each of which may do so pursuant to such
appointment with regard to all or any part of such principal amount. Any notice given or action taken by a Holder or its agents with regard to different parts of such principal amount pursuant to this paragraph shall have the same effect as if given
or taken by separate Holders of each such different part. 

  
 12 

  
 (h) Without limiting
the generality of the foregoing, a Holder, including a Depositary that is the Holder of a Global Note, may make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or
other action provided in this Indenture to be made, given or taken by Holders, and a Depositary that is the Holder of a Global Note, may provide its proxy or proxies to the beneficial owners of interests in any such Global Note through such
Depositary’s standing instructions and customary practices. 
 (i) The Company may fix a record date for the purpose of
determining the Persons who are beneficial owners of interests in any Global Note held by a Depositary entitled under the procedures of such Depositary, if any, to make, give or take, by a proxy or proxies duly appointed in writing, any request,
demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by Holders; provided that if such a record date is fixed, only the Holders on such record date or their duly appointed
proxy or proxies shall be entitled to make, give or take such request, demand, authorization, direction, notice, consent, waiver or other action, whether or not such Holders remain Holders after such record date. No such request, demand,
authorization, direction, notice, consent, waiver or other action shall be effective hereunder unless made, given or taken on or prior to the applicable Expiration Date. 
 (j) With respect to any record date set pursuant to this Section 1.05, the party hereto that sets such record date may designate any day as the “Expiration Date” and from time to
time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new Expiration Date is given to the other party hereto in writing, and to each Holder of Notes in
the manner set forth in Section 12.02, on or prior to the existing Expiration Date. If an Expiration Date is not designated with respect to any record date set pursuant to this Section 1.05, the party hereto which set such record date
shall be deemed to have initially designated the 120th day after such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in this clause (j). 

ARTICLE 2 
 THE
NOTES 
 Section 2.01 Form and Dating; Terms. 

(a) The Notes shall be issued initially in series consisting of 9.500% Senior Notes due 2018 and 9.875% Senior Notes due 2020. Provisions
relating to the Initial Notes, Additional Notes, Exchange Notes and any other Notes issued are set forth in Appendix A hereto, which is hereby incorporated in and expressly made a part of this Indenture. The Notes and the Trustee’s certificate
of authentication shall each be substantially in the form of Exhibit A hereto, which is hereby incorporated in and expressly made a part of this Indenture. The Notes may have notations, legends or endorsements required by law, rules or
agreements with national securities exchanges to which the Company is subject, if any, or usage (provided that any such notation, legend or endorsement is in a form acceptable to the Company). Each Note shall be dated the date of its
authentication. The Notes shall be in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 (b) The
aggregate principal amount of each series of Notes that may be authenticated and delivered under this Indenture is unlimited. 

The terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this Indenture and the Company
and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Note conflicts with the express provisions of this Indenture, the
provisions of this Indenture shall govern and be controlling. 
 The Notes shall be subject to repurchase by the Company
pursuant to a Change of Control Offer as provided in Section 4.12. The Notes shall not be redeemable, other than as provided in Article 3. 

  
 13 

  
 Additional Notes
ranking equally and ratably with the 2018 Initial Notes (the “2018 Additional Notes”) may be created and issued from time to time by the Company without notice to or consent of the Holders and shall be consolidated with and form a
single class with the 2018 Initial Notes and shall have the same terms as to status, redemption or otherwise (other than issue date, issue price and, if applicable, the first interest payment date and the initial interest accrual date) as the 2018
Initial Notes. Any 2018 Additional Notes shall be issued with the benefit of an indenture supplemental to this Indenture. 

Additional Notes ranking equally and ratably with the 2020 Initial Notes (the “2020 Additional Notes”) may be created
and issued from time to time by the Company without notice to or consent of the Holders and shall be consolidated with and form a single class with the 2020 Initial Notes and shall have the same terms as to status, redemption or otherwise (other
than issue date, issue price and, if applicable, the first interest payment date and the initial interest accrual date) as the 2020 Initial Notes. Any 2020 Additional Notes shall be issued with the benefit of an indenture supplemental to this
Indenture. 
 Section 2.02 Execution and Authentication. 

(a) At least one Officer shall execute the Notes on behalf of the Company by manual or facsimile signature. If an Officer whose signature
is on a Note no longer holds that office at the time a Note is authenticated, the Note shall nevertheless be valid. 
 (b) A
Note shall not be entitled to any benefit under this Indenture or be valid or obligatory for any purpose until authenticated substantially in the form of Exhibit A attached hereto by the manual signature of an authorized signatory of the
Trustee. The signature shall be conclusive evidence that the Note has been duly authenticated under this Indenture. 
 (c) On
the Issue Date, the Trustee shall, upon receipt of a written order of the Company signed by an Officer of the Company (an “Authentication Order”), authenticate and deliver the Initial Notes. In addition, at any time and from time to
time, the Trustee shall upon receipt of an Authentication Order, authenticate and deliver any Additional Notes and Exchange Notes in an aggregate principal amount specified in such Authentication Order for such Additional Notes or Exchange Notes
issued hereunder. 
 (d) The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Notes. Any
such appointment shall be evidenced by an instrument signed by a Responsible Officer, a copy of which shall be furnished to the Company. Unless limited by the terms of such appointment, an authenticating agent may authenticate Notes whenever the
Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with Holders or an Affiliate of the Company. 

Section 2.03 Registrar and Paying Agent. 
 (a) The Company shall maintain an office or agency where Notes may be presented for registration of transfer or for exchange (“Registrar”) and at least one office or agency where Notes
may be presented for payment (“Paying Agent”). The Registrar shall keep a register of the Notes (“Note Register”) and of their transfer and exchange. The Company may appoint one or more co-registrars and one or more
additional paying agents. The term “Registrar” includes any co-registrar, and the term “Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or Registrar without prior notice
to any Holder. The Company shall notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall, to the
extent that it is capable, act as such. The Company or any of its Subsidiaries may act as Paying Agent or Registrar. 
 (b) The
Company initially appoints The Depository Trust Company (“DTC”) to act as Depositary with respect to the Global Notes of each series. The Company initially appoints the Trustee to act as Paying Agent and Registrar for the Notes of
each series and to act as Custodian with respect to the Global Notes. 

  
 14 

  
 Section 2.04
Paying Agent to Hold Money in Trust. 
 The Company shall, no later than 11:00 a.m. (New York City time) on each due date
for the payment of principal of, premium, if any, and interest on any of the Notes, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held in trust for the Holders entitled to the same, and (unless such Paying Agent is
the Trustee) the Company shall promptly notify the Trustee of its action or failure so to act. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of
Holders or the Trustee all money held by such Paying Agent for the payment of principal of, premium, if any, and interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default
continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, a Paying Agent (if other
than the Company or a Subsidiary) shall have no further liability for the money. If the Company or a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying
Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes. 
 Section 2.05 List of Holders. 
 The Trustee shall preserve in as
current a form as is reasonably practicable the most recent list available to it of the names and addresses of all Holders and shall otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, the Company shall furnish to the
Trustee at least seven Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the
Holders and the Company shall otherwise comply with TIA Section 312(a). 
 Section 2.06 Transfer and Exchange.

 (a) The Notes of each series shall be issued in registered form and shall be transferable only upon the surrender of a Note
for registration of transfer and in compliance with Appendix A. 
 (b) To permit registration of transfers and exchanges, the
Company shall execute and the Trustee shall authenticate Global Notes and Definitive Notes of a series upon receipt of an Authentication Order in accordance with Section 2.02 or at the Registrar’s request. 

(c) No service charge shall be made to a holder of a beneficial interest in a Global Note of a series or to a Holder of a Definitive Note
of a series for any registration of transfer or exchange (other than pursuant to Section 2.07), but the Holders shall be required to pay any transfer tax or similar governmental charge payable in connection therewith (other than any such
transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.10, 3.06, 4.12 and 10.05). 
 (d) All Global Notes and Definitive Notes of a series issued upon any registration of transfer or exchange of Global Notes or Definitive Notes of such series shall be the valid obligations of the Company,
evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or Definitive Notes of a series surrendered upon such registration of transfer or exchange. 

(e) Neither the Company nor the Registrar shall be required (1) to issue, to register the transfer of or to exchange any Note during
a period beginning at the opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 and ending at the close of business on the day of selection, (2) to register the transfer of or to exchange
any Note so selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part or (3) to register the transfer of or to exchange any Note between a Record Date and the next succeeding Interest Payment
Date. 

  
 15 

  
 (f) Prior to due
presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of
principal of, premium, if any, and (subject to the record date provisions of the Notes) interest on such Notes and for all other purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 

(g) Upon surrender for the registration of the transfer of any Note at the office or agency of the Company designated pursuant to
Section 4.02, the Company shall execute, and the Trustee shall authenticate and mail, in the name of the designated transferee or transferees, one or more replacement Notes of any authorized denomination or denominations of a like aggregate
principal amount. 
 (h) At the option of the Holder, Notes of any series may be exchanged for other Notes of such series of any
authorized denomination or denominations of a like aggregate principal amount upon surrender of the Notes to be exchanged at such office or agency. Whenever any Global Notes or Definitive Notes of a series are so surrendered for exchange, the
Company shall execute, and the Trustee shall authenticate and mail, the replacement Global Notes and Definitive Notes of such series which the Holder making the exchange is entitled to in accordance with the provisions of Section 2.02.

 (i) All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this
Section 2.06 to effect a registration of transfer or exchange may be submitted by mail or by facsimile or electronic transmission. 
 Section 2.07 Replacement Notes. 
 If a mutilated Note is surrendered
to the Trustee or if a Holder claims that its Note has been lost, destroyed or wrongfully taken and the Trustee receives evidence to its satisfaction of the ownership and loss, destruction or theft of such Note, the Company shall issue and the
Trustee, upon receipt of an Authentication Order, shall authenticate a replacement Note if the Trustee’s requirements are otherwise met. If required by the Trustee or the Company, an indemnity bond must be provided by the Holder that is
sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. The Company may charge the Holder for the expenses
of the Company and the Trustee in replacing a Note. Every replacement Note is a contractual obligation of the Company and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued
hereunder. Notwithstanding the foregoing provisions of this Section 2.07, in case any mutilated, destroyed, lost or wrongfully taken Note has become or is about to become due and payable, the Company in its discretion may, instead of issuing a
new Note, pay such Notes. 
 Section 2.08 Outstanding Notes. 

(a) The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those delivered to
it for cancellation, those reductions in the interest in a Global Note of a series effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.08 as not outstanding. Except as set forth in
Section 2.09, a Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note. 

(b) If a Note is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee receives proof satisfactory to it
that the replaced Note is held by a protected purchaser, as such term is defined in Section 8-303 of the Uniform Commercial Code in effect in the State of New York. 
 (c) If the principal amount of any series of Notes is considered paid under Section 4.01, it ceases to be outstanding and interest on it ceases to accrue from and after the date of such payment.

  
 16 

  
 (d) If a Paying Agent
(other than the Company, a Subsidiary or an Affiliate of any thereof) holds, on the maturity date, any redemption date or any date of purchase pursuant to a Change of Control Offer, money sufficient to pay Notes payable or to be redeemed or
purchased on that date, then on and after that date such Notes shall be deemed to be no longer outstanding and shall cease to accrue interest. 
 Section 2.09 Treasury Notes. 
 In determining whether the Holders of
the requisite principal amount of each series of Notes have concurred in any direction, waiver or consent, Notes owned by the Company, or by any Affiliate of the Company, shall be considered as though not outstanding, except that for the purposes of
determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that a Responsible Officer of the Trustee knows are so owned shall be so disregarded. Notes so owned which have been pledged in good
faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right to deliver any such direction, waiver or consent with respect to the Notes and that the pledgee is not the Company or any obligor
upon the Notes or any Affiliate of the Company or of such other obligor. Notwithstanding the foregoing, Notes that are to be acquired by the Company or an Affiliate of the Company pursuant to an exchange offer, tender offer or other agreement shall
not be deemed to be owned by such entity until legal title to such Notes passes to such entity. 
 Section 2.10
Temporary Notes. 
 Until Definitive Notes are ready for delivery, the Company may prepare and the Trustee, upon receipt
of an Authentication Order, shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of definitive Notes but may have variations that the Company considers appropriate for temporary Notes and as shall be reasonably
acceptable to the Trustee. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate Definitive Notes in exchange for temporary Notes. Holders and beneficial holders, as the case may be, of temporary Notes shall be
entitled to all of the benefits accorded to Holders, or beneficial holders, respectively, of Notes under this Indenture. 

Section 2.11 Cancellation. 
 The Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange
or payment. The Trustee or, at the direction of the Trustee, the Registrar or Paying Agent and no one else, shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall dispose of
cancelled Notes in accordance with its customary procedures (subject to the record retention requirement of the Exchange Act). Certification of the disposition of all cancelled Notes shall, upon the written request of the Company, be delivered to
the Company. The Company may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee for cancellation. 
 Section 2.12 Defaulted Interest. 
 (a) If the Company defaults in a
payment of interest on the Notes, it shall pay the defaulted interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date, in each case at
the rate provided in the Notes and in Section 4.01. The Company shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment, and at the same time the Company
shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such defaulted interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed
payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such defaulted interest as provided in this Section 2.12. The Trustee shall fix or cause to be fixed each such special record date and

  
 17 

 
payment date; provided that no such special record date shall be less than 10 days prior to the related payment date for such defaulted interest. The Trustee shall promptly notify the
Company of such special record date. At least 15 days before the special record date, the Company (or, upon the written request of the Company, the Trustee in the name and at the expense of the Company) shall mail, or cause to be mailed to each
Holder, with a copy to the Trustee, a notice that states the special record date, the related payment date and the amount of such interest to be paid. 
 (b) Subject to the foregoing provisions of this Section 2.12 and for greater certainty, each Note delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any
other Note shall carry the rights to interest accrued and unpaid, and to accrue interest, which were carried by such other Note. 
 Section 2.13 CUSIP and ISIN Numbers. 
 The Company in issuing the
Notes may use CUSIP and/or ISIN numbers (if then generally in use) and, if so, the Trustee shall use CUSIP and/or ISIN numbers in notices of redemption or exchange or a Change of Control Offer as a convenience to Holders; provided that any
such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of redemption or exchange or in a Change of Control Offer and that reliance may be placed only on
the other identification numbers printed on the Notes, and any such redemption or exchange or a Change of Control Offer shall not be affected by any defect in or omission of such numbers. The Company shall as promptly as practicable notify the
Trustee in writing of any change in the CUSIP or ISIN numbers. 
 Section 2.14 Issuance of Additional Notes.

 The Company shall be entitled, upon delivery of an Officer’s Certificate, Opinion of Counsel and Company Order to issue
Additional Notes under this Indenture which shall have identical terms as the Initial Notes issued on the Issue Date, other than with respect to the date of issuance and issue price. The Initial Notes issued on the Issue Date and any Additional
Notes issued shall be treated as a single class for all purposes under this Indenture. 
 With respect to any Additional Notes,
the Company shall set forth in a resolution of its Board of Directors and an Officer’s Certificate, a copy of each which shall be delivered to the Trustee, the following information: 

(a) the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture; and 

(b) the issue price, the issue date and the CUSIP number of such Additional Notes. 

ARTICLE 3 

REDEMPTION 

Section 3.01 Notices to Trustee. 
 If the Company elects to redeem Notes pursuant to Section 3.07, it shall furnish to the Trustee, at least five Business Days before notice of redemption is required to be mailed or caused to be
mailed to Holders pursuant to Section 3.03 (unless a shorter notice shall be agreed to by the Trustee) but not more than 60 days before a redemption date, an Officers’ Certificate setting forth (1) the paragraph or subparagraph of
such Note and/or Section of this Indenture pursuant to which the redemption shall occur, (2) the redemption date, (3) the principal amount of each series of the Notes to be redeemed and (4) the redemption price, if then ascertainable.
If 

  
 18 

 
any such redemption is subject to compliance with a condition provided for herein, such Officers’ Certificate shall certify that such condition has been complied with. If any such future
conditions are not so complied with, the Company shall give the Trustee prompt notice of such non-compliance, after which the Trustee shall give notice to the Holders in the same manner as the related notice of redemption was given that such
conditions have not been complied with and that the redemption shall not occur. 
 Section 3.02 Selection of Notes to Be
Redeemed or Purchased. 
 (a) If less than all of the Notes of a series are to be redeemed pursuant to Section 3.07 or
purchased in a Change of Control Offer at any time, the Trustee shall select the Notes of such series to be redeemed or purchased by such method as the Trustee shall deem fair and appropriate; and in accordance with the procedures of the Depositary
in the case of Global Notes; provided that any such selection shall be made by the Depositary. In the event of partial redemption or purchase, the particular Notes to be redeemed or purchased shall be selected, unless otherwise provided
herein, not less than 30 nor more than 60 days prior to the redemption date by the Trustee from the then outstanding Notes not previously called for redemption or purchase. 
 (b) The Trustee shall promptly notify the Company in writing of the Notes selected for redemption or purchase and, in the case of any Note selected for partial redemption or purchase, the principal amount
thereof to be redeemed or purchased. Notes and portions of Notes selected shall be in whole multiples of $1,000; no Notes of $2,000 or less shall be redeemed in part, except that if all of the Notes of a Holder are to be redeemed or purchased, the
entire outstanding amount of Notes held by such Holder, even if not $2,000 or a multiple of $1,000 in excess thereof, shall be redeemed or purchased. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes
called for redemption or purchase also apply to portions of Notes called for redemption or purchase. 
 Section 3.03
Notice of Redemption. 
 (a) The Company shall mail, or cause to be mailed (or, in the case of Notes held in book-entry
form, by electronic transmission) notices of redemption of Notes at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at such Holder’s registered address or otherwise in accordance
with the procedures of the Depositary, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with Article 9 or Article 11. Notices of redemption may not be conditional.

 (b) The notice shall identify the Notes of a series (including CUSIP number) to be redeemed and shall state: 

(1) the redemption date; 
 (2) the redemption price, including the portion thereof representing any accrued and unpaid interest; provided, that in connection with a redemption under Section 3.07(a) or (b), the notice
need not set forth the redemption price but only the manner of calculation thereof; 
 (3) if any Note is to be
redeemed in part only, the portion of the principal amount of that Note that is to be redeemed; 
 (4) the name
and address of the Paying Agent; 
 (5) that Notes called for redemption must be surrendered to the Paying Agent
to collect the redemption price, plus accrued interest; 
 (6) that, unless the Company defaults in making such
redemption payment or the Paying Agent is prohibited from making such payment pursuant to the terms of this Indenture, interest on Notes called for redemption ceases to accrue on and after the redemption date; 

  
 19 

  
 (7)
the paragraph or subparagraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for redemption are being redeemed; and 
 (8) that no representation is made as to the correctness or accuracy of the CUSIP or ISIN number, if any, listed in such notice or printed on the Notes. 

(c) At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at the Company’s
expense; provided that the Company shall have delivered to the Trustee, at least five Business Days before notice of redemption is required to be sent or caused to be sent to Holders pursuant to this Section 3.03 (unless a shorter notice
shall be agreed to by the Trustee), an Officers’ Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

Section 3.04 Effect of Notice of Redemption. 
 Once notice of redemption is mailed in accordance with Section 3.03, Notes called for redemption become irrevocably due and payable on the redemption date at the redemption price. The notice, if
mailed in a manner herein provided, shall be conclusively presumed to have been given, whether or not the Holder receives such notice. In any case, failure to give such notice or any defect in the notice to the Holder of any Note designated for
redemption in whole or in part shall not affect the validity of the proceedings for the redemption of any other Note. Subject to Section 3.05, on and after the redemption date, interest ceases to accrue on Notes or portions of Notes called for
redemption. 
 Section 3.05 Deposit of Redemption or Purchase Price. 

(a) No later than 11:00 a.m. (New York City time) on the redemption or purchase date, the Company shall deposit with the Trustee or with
the Paying Agent money sufficient to pay the redemption or purchase price of and accrued and unpaid interest on all Notes of such series to be redeemed or purchased on that date, subject to the right of Holders of record on the relevant Record Date
to receive interest due on an Interest Payment Date falling on or prior to the redemption or purchase date. The Paying Agent shall promptly mail to each Holder of Notes of such series to be redeemed or repurchased the applicable redemption or
purchase price thereof and accrued and unpaid interest thereon. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay
the redemption or purchase price of, and accrued and unpaid interest on, all Notes of such series to be redeemed or purchased. 

(b) If the Company complies with the provisions of Section 3.05(a), on and after the redemption or purchase date, interest shall
cease to accrue on the Notes or the portions of Notes of such series called for redemption or purchase. If any Note called for redemption or purchase shall not be so paid upon surrender for redemption or purchase because of the failure of the
Company to comply with Section 3.05(a), interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest accrued to the redemption or purchase date not
paid on such unpaid principal, in each case at the rate provided in the Notes of such series and in Section 4.01. 

Section 3.06 Notes Redeemed or Purchased in Part. 
 Upon surrender of a Note that is redeemed or purchased in part, the Company shall issue and, upon receipt of an Authentication Order, the Trustee shall promptly authenticate and mail to the Holder (or
cause to be transferred by book entry) at the expense of the Company a new Note equal in principal amount to the unredeemed or unpurchased portion of the Note surrendered of such series representing the same Indebtedness to the extent not redeemed
or purchased; provided that each new Note shall be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. It is understood that, notwithstanding anything in this Indenture to

  
 20 

 
the contrary, only an Authentication Order and not an Opinion of Counsel or Officers’ Certificate is required for the Trustee to authenticate such new Note, except that the Trustee is
permitted to request an Opinion of Counsel or an Officers’ Certificate if a Default or an Event of Default has occurred and is continuing. 
 Section 3.07 Optional Redemption. 
 (a) At any time prior to
October 15, 2018, the Company may redeem, at its option, the 2018 Notes, in whole or in part, upon not less than 30 nor more than 60 days’ prior notice mailed by first class mail to each Holder’s registered address or otherwise in
accordance with the procedures of the Depositary, at a redemption price equal to 100% of the principal amount of the 2018 Notes plus the Applicable Premium and accrued and unpaid interest and Additional Interest, if any, to, but excluding the date
of redemption, subject to the rights of Holders on the relevant Record Date to receive interest due on an Interest Payment Date falling on or prior to the redemption date. Promptly after the determination thereof, the Company shall give the Trustee
notice of the redemption price provided for in this Section 3.07(a), and the Trustee shall not be responsible for such calculation. 
 (b) At any time prior to October 15, 2015, the Company may redeem the 2020 Notes, in whole or in part, upon not less than 30 nor more than 60 days’ prior notice mailed by first class mail to
each Holder’s registered address or otherwise in accordance with the procedures of the Depositary, at a redemption price equal to 100% of the principal amount of the 2020 Notes plus the Applicable Premium and accrued and unpaid interest and
Additional Interest, if any, to but excluding the date of redemption, subject to the rights of Holders on the relevant Record Date to receive interest due on an Interest Payment Date falling on or prior to the redemption date. Promptly after the
determination thereof, the Company shall give the Trustee notice of the redemption price provided for in this Section 3.07(b), and the Trustee shall not be responsible for such calculation. 

(c) Except pursuant to clause (a), (b) or (d) of this Section 3.07, the Notes shall not be redeemable at the
Company’s option prior to their respective maturities. 
 (d) On and after October 15, 2015, the Company may redeem
the 2020 Notes, in whole or in part, upon notice pursuant to Section 3.03 at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth below, plus accrued and unpaid interest and Additional
Interest, if any, thereon to, but excluding, the applicable redemption date, subject to the right of Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date falling on or prior to the redemption date, if
redeemed during the twelve-month period beginning on October 15 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2015
	  	 	104.938	% 
	 2016
	  	 	103.292	% 
	 2017
	  	 	101.646	% 
	 2018 and thereafter
	  	 	100.000	% 

 (e) Any redemption
pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06. 
 (f) The Company or
its Affiliates may acquire Notes by means other than a redemption, whether by tender offer, open market purchases, negotiated transactions or otherwise, in accordance with applicable securities laws, so long as such acquisition does not otherwise
violate the terms of this Indenture. 
 Section 3.08 Mandatory Redemption. 

Except as set forth in Section 3.09 hereof, the Company is not required to make mandatory redemption or sinking fund payments with
respect to the Notes. 

  
 21 

  
 Section 3.09
Special Mandatory Redemption. 
 If (1) the Merger is not completed on or before the Merger Termination Date,
(2) the Refinancing Transactions are not completed at or before the Merger Termination Date, (3) the Merger Agreement is terminated before the Merger Termination Date, (4) an Event of Default shall have occurred and be continuing, or
(5) at any time, RRI and Mirant, in their sole judgment, determine jointly that the Refinancing Transactions will not be completed on or before the Merger Termination Date or the escrow agent shall not have received the Officers’
Certificate described in Section 7(a) of the Escrow Agreement by 11:00 a.m. (New York City time) on December 31, 2010 or, in the event of an extension pursuant to Section 7.1(b) of the Merger Agreement, March 31, 2011, the escrow
agent pursuant to the Escrow Agreement, shall, without the requirement of notice to or action by the Company, the Trustee or any other Person, notify the Trustee in writing that all of the Notes shall be subject to a special redemption (the
“Special Redemption”) in accordance with this Section 3.09. The Company shall be required to redeem the Notes of each series, upon not less than one Business Day’s and no more than ten Business Days’ notice (or such
other minimum period as is required by DTC) (the “Special Redemption Date”), at a redemption price equal to 100% of the issue price of the Notes of such series, plus accrued and unpaid interest to, but excluding, the redemption
date. 
 In the case of a Special Redemption, the Company shall, not later than 11:00 a.m. New York City time (or such other
time of day acceptable to the Trustee which will permit it to give the notice referred to in the second paragraph of Section 3.03) at least two Business Days prior to the Special Redemption Date deliver an Officers’ Certificate to the
Trustee setting forth (i) that a Special Redemption will occur, (ii) the Special Redemption Date, (iii) the Special Redemption Price and (iv) the other information specified in Section 3.03. The Trustee shall deliver to each
Holder a written notice (specifying the information set forth in such Officers’ Certificate) of the Special Redemption at least two Business Days prior to the Special Redemption Date. On the Special Redemption Date, the Company shall instruct
the escrow agent to release cash and Government Securities in the Escrow Account to the Paying Agent for the purposes of the Special Redemption. On the Special Redemption Date, the Notes shall be redeemed, in whole but not in part, at a redemption
price equal to 100% of the issue price of the Notes of such series, plus accrued and unpaid interest, from, and including, the Issue Date to, but excluding, the Special Redemption Date, notwithstanding any noncompliance by the Company with the
requirements of the second sentence of this Section 3.09. 
 ARTICLE 4 

COVENANTS 

Section 4.01 Payment of Notes. 
 (a) The Company shall pay or cause to be paid the principal of, premium, if any, and interest on the Notes of such series on the dates and in the manner provided in the Notes. Principal, premium, if any,
and interest shall be considered paid on the date due if the Paying Agent, if other than one of the Company or a Subsidiary, holds as of noon, New York City time, on the due date, money deposited by the Company in immediately available funds and
designated for and sufficient to pay the principal of, premium, if any, and interest then due. 
 (b) The Company shall pay all
Additional Interest, if any, in the same manner on the dates and in the amounts set forth in the Registration Rights Agreement. 

(c) The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and
premium, if any, at the rate equal to the then applicable interest rate on the Notes of such series to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest (without regard to any applicable grace period) at the same rate to the extent lawful. 

  
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 Section 4.02
Maintenance of Office or Agency. 
 The Company shall maintain an office or agency (which may be an office of the Trustee
or an affiliate of the Trustee, Registrar or co-registrar) where any series of Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Company in respect of the Notes and this Indenture may
be served. The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to
furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee. 
 The Company may also from time to time designate additional offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such
designations. The Company shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

The Company initially appoints the Trustee, acting through its Corporate Trust Office, as one such office or agency of the Company in
accordance with Section 2.03. 
 Section 4.03 Reports and Other Information. 

(a) From and after the Issue Date and at all times whether or not the Company is subject to the reporting requirements of Section 13
or 15(d) of the Exchange Act, the Company shall furnish to the Holders of the Notes or cause the Trustee to furnish to the Holders of Notes, so long as any series of Notes are outstanding: 

(1) within 90 days of the end of each fiscal year and within 60 days of the end of each fiscal quarter, all annual and
quarterly reports that would be required to be filed with the Commission on Forms 10-K and 10-Q if the Company was required to file such reports; and 
 (2) within the time periods specified in the Commission’s rules and regulations that would be applicable if the Company were subject to such rules and regulations, all current reports that would be
required to be filed with the Commission on Form 8-K if the Company were required to file such reports. 
 The Company shall
prepare all such reports within the time periods specified above, in all material respects in accordance with all of the rules and regulations applicable to such reports. Each annual report on Form 10-K shall include a report on the Company’s
consolidated financial statements by its independent registered public accounting firm or independent auditors. In addition, the Company shall file a copy of each of the reports referred to in clauses (a)(1) and (a)(2) above with the Commission for
public availability within the time periods specified in clauses (a)(1) and (a)(2) above (unless the Commission will not accept such a filing). The Company shall not take any action for the purpose of causing the Commission not to accept any such
filings. If, notwithstanding the foregoing, the Commission will not accept the Company’s filings for any reason, the Company shall use its reasonable best efforts to post the reports referred to in clauses (a)(1) and (a)(2) above on its website
within the time periods specified therein. To the extent such filings are made, the reports will be deemed to be furnished to the Trustee and Holders of Notes on the date filed. 

(b) The Company shall make available to the Holders and to prospective investors, upon the request of such Holders, the information
required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act so long as the Notes are not freely transferable under the Securities Act. 
 (c) Delivery of the reports, information and documents required by this Section to be delivered to the Trustee is for informational purposes only, and the Trustee’s receipt of such shall not
constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely
exclusively on certificates provided for in this Indenture). 

  
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 Section 4.04
Compliance Certificate. 
 (a) The Company shall deliver to the Trustee, within 90 days after the end of each fiscal year
ending after the Issue Date, a certificate from the principal executive officer, principal financial officer or principal accounting officer stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year
has been made under the supervision of the signing Officer with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to such Officer signing such
certificate, that to the best of his or her knowledge, the Company has kept, observed, performed and fulfilled each and every condition and covenant contained in this Indenture and is not in default in the performance or observance of any of the
terms, provisions, covenants and conditions of this Indenture (or, if a Default shall have occurred, describing all such Defaults of which he or she may have knowledge and what action the Company is taking or propose to take with respect thereto).

 (b) The Company shall promptly (which shall be no more than 30 days following the date on which the Company becomes aware of
any event which would constitute a Default) send to the Trustee an Officers’ Certificate specifying such event, its status and what action the Company is taking or proposes to take with respect thereto. 

Section 4.05 Taxes. 
 The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments and governmental levies except such as are contested in good faith and by
appropriate negotiations or proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders. 
 Section 4.06 Stay, Extension and Usury Laws. 
 The Company covenants
(to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in
force, that may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenant that it shall not, by resort to any
such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law has been enacted. 

Section 4.07 Limitation on Restricted Payments. 
 (a) The Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly: 
 (1) declare or pay any dividend or make any distribution (whether made in cash, securities or other property) on or in respect of its Capital Stock (including any payment in connection with any merger or
consolidation involving the Company or any of the Company’s Subsidiaries) except: 
 (a) dividends or
distributions payable in its Capital Stock (other than Disqualified Stock); and 
 (b) dividends or
distributions payable by any of its Subsidiaries on a pro rata basis (or on more favorable terms from the perspective of the Company and its Subsidiaries); or 
 (2) purchase, redeem, retire or otherwise acquire for value any of the Company’s Capital Stock (including in connection with any merger or consolidation) held by Persons other than the Company or any
of its Subsidiaries (other than in exchange for the Company’s Capital Stock (other than Disqualified Stock)); 

  
 24 

  
 (any such payments or actions referred
to in clauses (1) or (2) shall be referred to herein as a “Restricted Payment”), if at the time the Company or such Subsidiary makes such Restricted Payment: 

(A) a Default shall have occurred and be continuing (or would result therefrom); 

(B) on a pro forma basis after giving effect to such Restricted Payment and any transaction related thereto, the
Consolidated Debt Ratio would have exceeded 5.75 to 1.0; or 
 (C) the aggregate amount of such Restricted
Payment and all other Restricted Payments declared or made subsequent to the Issue Date (excluding clauses (1), (2) and (5) through (10) below) would exceed the sum of: 

(i) the Company’s EBITDA, minus 140% of the Company’s Consolidated Interest Expense, in each case for the
period (taken as one accounting period) beginning on the first day of the Company’s first full fiscal quarter after the closing of the Merger to the end of the Company’s most recently ended fiscal quarter for which financial statements are
publicly available at the time of such Restricted Payment; 
 (ii) 100% of the fair market value of any property
or assets (other than Disqualified Stock) and the aggregate net cash proceeds in each case received by the Company or any of the Company’s Subsidiaries (other than Excluded Project Subsidiaries) since the Issue Date in exchange for Qualifying
Equity Interests or from the issue or sale of Qualifying Equity Interests or from the issue or sale of convertible or exchangeable Disqualified Stock or convertible or exchangeable debt securities issued by the Company that have been converted into
or exchanged for such Qualifying Equity Interests by a Person that is not one of the Company’s Subsidiaries; and 
 (iii) 100% of the amount by which the Company’s Indebtedness or the Indebtedness of the Company’s Subsidiaries (other than Excluded Project Subsidiaries) is reduced on the Company’s balance
sheet upon the conversion or exchange (other than by a Subsidiary of the Company) subsequent to the closing date of the Merger of any Indebtedness of the Company or of any of the Company’s Subsidiaries (other than Excluded Project Subsidiaries)
convertible or exchangeable for the Company’s Capital Stock (other than Disqualified Stock) (less the amount of any cash, or the fair market value of any other property, distributed by the Company upon such conversion or exchange). 

(b) The provisions of Section 4.07(a) shall not prohibit: 

(1) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of the Company’s Capital
Stock or Disqualified Stock made by exchange for, or out of the proceeds of the substantially concurrent sale of, the Company’s Capital Stock (other than Disqualified Stock and other than Capital Stock issued or sold to, or a capital
contribution by, any of the Company’s Subsidiaries or an employee stock ownership plan or similar trust to the extent such sale to, or contribution by, an employee stock ownership plan or similar trust is financed by loans from or guaranteed by
the Company or any of the Company’s Subsidiaries unless such loans have been repaid with cash on or prior to the date of determination) or a cash capital contribution to the Company; provided, however, that the net cash proceeds from
such sale of Capital Stock or capital contributions will be excluded from clause (C)(ii) of Section 4.07(a); 
 (2) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Disqualified Stock of the Company or of any of the Company’s Subsidiaries made by exchange for, or out of
the proceeds of the substantially concurrent sale of, Disqualified Stock of the Company or such Subsidiary, as the case may be; 

  
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 (3)
dividends paid within 60 days after the date of declaration if at such date of declaration such dividend would have complied with this provision; 
 (4) so long as no Default or Event of Default has occurred and is continuing, 

(a) (i) the repurchase, redemption or other acquisition or retirement for value of any Capital Stock of the Company or of any of the
Company’s Subsidiaries held by any current or former officer, director or employee (or any estate, heir or assigns of any such person) of the Company or of any of the Company’s Subsidiaries pursuant to any equity subscription agreement,
stock option agreement, severance agreement, shareholders’ agreement or similar agreement or employee benefit plan or (ii) the cancellation of Indebtedness owing to the Company or any of the Company’s Subsidiaries from any current or
former officer, director or employee (or any estate, heir or assigns of any such person) of the Company or of any of the Company’s Subsidiaries in connection with a repurchase of Capital Stock of the Company or any of the Company’s
Subsidiaries; provided that the aggregate price paid for the actions in clause (i) may not exceed $3 million in any twelve-month period and $25 million in the aggregate since the Issue Date; provided, further that (A) such
amount in any calendar year may be increased by the cash proceeds of “key man” life insurance policies received by, or contributed to, the Company and the Company’s Subsidiaries after the Issue Date less any amount previously applied
to the making of Restricted Payments pursuant to this clause (A) and (B) cancellation of Indebtedness owing to the Company or any of the Company’s Subsidiaries from employees, officers, directors and consultants (or any estate, heir
or assigns of any such person) of the Company or any of the Company’s Subsidiaries in connection with a repurchase of Capital Stock of the Company or of any of the Company’s Subsidiaries from such Persons shall be permitted under this
clause (a) as if it were a repurchase, redemption, acquisition or retirement for value subject hereto; and 
 (b) loans or
advances to employees or directors of the Company or any of the Company’s Subsidiaries, the proceeds of which are used to purchase Capital Stock of the Company in an aggregate amount not in excess of $25 million at any one time outstanding
(loans or advances that are forgiven shall continue to be deemed outstanding); 
 (5) so long as no Default or
Event of Default has occurred and is continuing, the declaration and payment of dividends to holders of any class or series of Disqualified Stock of the Company’s or any of the Company’s Subsidiaries or Preferred Stock of the Company or
any of the Company’s Subsidiaries issued in accordance with the terms of this Indenture to the extent such dividends are included in the definition of “Consolidated Interest Expense”; 

(6) repurchases of Capital Stock deemed to occur upon the exercise of stock options, warrants or other convertible
securities if such Capital Stock represents a portion of the exercise price thereof and repurchases of Capital Stock in connection with the withholding of a portion of the Capital Stock granted or awarded to an employee to pay for the taxes payable
by such employee upon the vesting of such grant or award; 
 (7) payments to holders of the Company’s
Capital Stock in lieu of the issuance of fractional shares of the Company’s Capital Stock; 
 (8) the
purchase, redemption, acquisition, cancellation or other retirement for a nominal value per right, in an aggregate amount not to exceed $2 million since the Issue Date, of any rights granted pursuant to any shareholders’ rights plan adopted;
provided that such purchase, redemption, acquisition, cancellation or other retirement of such rights is not for the purpose of evading the limitations of this covenant (all as determined in good faith by a senior financial officer); 

(9) dividends, distributions, redemptions and repurchases of Capital Stock in connection with the Merger, including,
without limitation, the repurchase or redemption of preferred stock of Mirant Americas, Inc. and repurchases of Capital Stock pursuant to employee plans and agreements; and 

  
 26 

  
 (10)
so long as no Default or Event of Default has occurred and is continuing, Restricted Payments in an amount not to exceed $250 million since the Issue Date. 
 (c) The amount of all Restricted Payments (other than cash) shall be the fair market value on the date of such Restricted Payment of the asset(s) or securities proposed to be paid, transferred or issued
by the Company or such Subsidiary, as the case may be, pursuant to such Restricted Payment. The fair market value of any cash Restricted Payment shall be its face amount. The fair market value of (i) any non-cash Restricted Payment required to
be valued by the covenant described in this section 4.07 and (ii) property or assets received by the Company from the issue or sale of the Company’s Capital Stock or capital contributions shall be determined conclusively by the
Company’s Board of Directors acting in good faith whose resolution with respect thereto shall be delivered to the Trustee, such determination to be based upon an opinion or appraisal issued by an accounting, appraisal or investment banking firm
of national standing if such fair market value is estimated in good faith by the Company’s Board of Directors to exceed $50.0 million. Not later than the date of making any non-cash Restricted Payment or including the fair market value of any
property or assets in a calculation pursuant to clause (C)(ii) of Section 4.07(a), as the case may be, the Company shall deliver to the Trustee an Officers’ Certificate stating that such Restricted Payment is permitted and setting forth
the basis upon which the calculations required by Section 4.07 were computed, together with a copy of any fairness opinion or appraisal required by this Indenture. 
 Section 4.08 Limitation on Liens. 
 The Company shall not and shall
not permit any of its Subsidiaries (except for any Excluded Project Subsidiary) to, create or permit to exist any Lien upon any property or assets at any time owned by the Company or any of its Subsidiaries (except for any Excluded Project
Subsidiary) to secure any indebtedness for money borrowed (which in no event shall include Mirant Mid-Atlantic, LLC leveraged leases, RRI Mid-Atlantic Power Holdings, LLC leveraged leases or any other capital leases or operating leases) that is
incurred, issued, assumed or guaranteed by the Company or any of its Subsidiaries (except for any Excluded Project Subsidiary) (“Indebtedness”), except the Lien of the Escrow Agent on the escrowed funds and any Lien contemplated
under the Escrow Agreement, without providing for the Notes to be equally and ratably secured with (or prior to) any and all such Indebtedness and any other Indebtedness similarly entitled to be equally and ratably secured, for so long as such
Indebtedness is so secured; provided, however, that this restriction shall not apply to, or prevent the creation or existence of: 
 (1) Existing Liens; 
 (2) purchase money Liens securing
Indebtedness having a principal amount that does not exceed the cost or value of the purchased property (including any Liens securing acquired indebtedness, provided that such Liens are not created in connection with, or in contemplation of, such
acquisition); 
 (3) Liens in favor of the Company or its Subsidiaries; 

(4) other Liens securing Indebtedness having an aggregate principal amount, measured as of the date of creation of any
such Lien and the date of incurrence of any such Indebtedness, not to exceed 15% of the Company’s Consolidated Net Tangible Assets (measured on a pro forma basis including a pro forma application of the proceeds of such Indebtedness); and

 (5) Refinancing Liens. 
 If the Company or any of its Subsidiaries (except for any Excluded Project Subsidiaries) proposes to create or permit to exist a Lien on any property or assets at any time owned by the Company or any of
its Subsidiaries (except for any Excluded Project Subsidiaries) to secure any Indebtedness, other than as permitted 

  
 27 

 
by clauses (1) through (5) of this Section 4.08, the Company shall give prior written notice thereof to the Trustee, who shall give notice to the Holders of Notes, and the Company
shall further agree, prior to or simultaneously with the creation of such Lien, to effectively secure all the Notes equally and ratably with (or prior to) such other Indebtedness for so long as such other Indebtedness is so secured. 

Section 4.09 Corporate Existence. 
 Subject to Article 5, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect (1) its corporate existence and the corporate, partnership, limited
liability company or other existence of each of its Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Company or any such Subsidiary and (2) the rights (charter and
statutory), licenses and franchises of the Company and its Subsidiaries; provided that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership, limited liability company or other existence of
any of its Subsidiaries, if the Company in good faith shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole. 

Section 4.10 Activities Prior to Assumption. 
 Prior to the Assumption, the Company’s primary activities shall be restricted to issuing the Notes, issuing capital stock to, and receiving a capital contribution from, Mirant, performing its
obligations in respect of the Notes under this Indenture and the Escrow Agreement, consummating the Escrow Merger and redeeming the Notes, if applicable, and conducting such other activities as are necessary or appropriate to carry out the
activities described herein. The Company may not own, hold or otherwise have any interest in any assets other than the Escrow Account and cash or Government Securities. Prior to the Assumption, the Company shall not engage in any activity or enter
into any transaction or agreement other than in connection with the activities described in this Section 4.10. 

Section 4.11 Escrow of Funds. 
 (a) Concurrently with the closing of the offering of the Notes, the Company will enter into the Escrow Agreement with RRI, Mirant, the Initial Purchasers, the Trustee and the Escrow Agent, which will
require the Initial Purchasers and the Company to deposit, or to have deposited on its behalf, the Escrowed Funds into the Escrow Account, which will include an amount sufficient to yield the aggregate Special Redemption Price on the Special
Redemption Date for the Notes. It is the intention of the parties to the Escrow Agreement that the Escrow Agreement create a true escrow, and that the Company has no ownership of, or rights in, the Escrow Account or the Escrowed Funds other than the
limited contractual right to receive the Escrowed Funds under the circumstances specified in Section 7(a) of the Escrow Agreement. If, notwithstanding the intention of the parties set forth in the foregoing sentence, the Escrow Agreement shall
be characterized as an arrangement for security (and not a true escrow), and Escrow Agreement shall be deemed to constitute a security agreement under the Uniform Commercial Code as in effect from time to time in the State of New York and other
applicable law, the Company, in the Escrow Agreement and subject to the terms thereof, shall grant the Trustee, for the benefit of the Holders, a first priority security interest in the Escrow Account and all deposits therein to secure the
obligations under the Notes pending disbursement as described above. 
 (b) The Company agrees that (i) the terms of the
Escrow Agreement shall exclusively control the conditions under which and procedures pursuant to which Escrowed Funds can be released and (ii) it will not attempt to have Escrowed Funds released from escrow except in accordance with the Escrow
Agreement. 
 Section 4.12 Offer to Repurchase upon Change of Control. 

(a) If a Change of Control occurs, each Holder of Notes will have the right to require the Company to purchase all or any part (equal to
$2,000 or an integral multiple of $1,000) of that Holder’s Notes pursuant to this 

  
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Section 4.12 (the “Change of Control Offer”). In the Change of Control Offer, the Company shall offer a payment (the “Change of Control Payment”) in cash
equal to 101% of the aggregate principal amount of Notes purchased, plus accrued and unpaid interest and Additional Interest, if any, on the Notes purchased to, but excluding, the date of purchase, subject to the rights of Holders of Notes on the
relevant record date to receive interest due on the relevant interest payment date. Within 30 days following any Change of Control, the Company shall mail a notice to each Holder, with a copy to the Trustee, describing the transaction or
transactions that constitute the Change of Control and stating: 
 (1) that the Change of Control Offer is being
made pursuant to this Section 4.12 and that all Notes tendered will be accepted for payment; 
 (2) the
purchase price and the purchase date, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”); 

(3) that any Note not tendered will continue to accrue interest; 

(4) that, unless the Company defaults in the payment of the Change of Control Payment, all Notes accepted for payment
pursuant to the Change of Control Offer will cease to accrue interest after the Change of Control Payment Date; 

(5) that Holders electing to have any Notes purchased pursuant to a Change of Control Offer shall be required to
surrender the Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Notes completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day
preceding the Change of Control Payment Date; 
 (6) that Holders will be entitled to withdraw their election if
the Paying Agent receives, not later than the close of business on the second Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount
of Notes delivered for purchase, and a statement that such Holder is withdrawing his election to have the Notes purchased; and 
 (7) that Holders whose Notes are being purchased only in part will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be
equal to $2,000 in principal amount or an integral multiple of $1,000 in excess of $2,000. 
 The Company shall comply with the
requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change in Control. To
the extent that the provisions of any securities laws or regulations conflict with the provisions of this Section 4.12, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its
obligations under this Section 4.12 by virtue of such compliance. 
 (b) On the Change of Control Payment Date, the Company
shall, to the extent lawful: 
 (1) accept for payment all Notes or portions of Notes properly tendered pursuant
to the Change of Control Offer; 
 (2) deposit with the Paying Agent an amount equal to the Change of Control
Payment in respect of all Notes or portions of Notes properly tendered; and 
 (3) deliver or cause to be
delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 

  
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 The Paying Agent shall
promptly mail to each Holder of Notes properly tendered the Change of Control Payment for such Notes, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount
to any unpurchased portion of the Notes surrendered, if any; provided that each new Note will be in a principal amount of $2,000 or an integral multiple of $1,000. The Company shall publicly announce the results of the Change of Control Offer on or
as soon as practicable after the Change of Control Payment Date. 
 (c) The provisions described in Sections 4.12 (a) and
(b) shall apply whether or not other provisions of this Indenture are applicable. Except as described in Sections 4.12 (a) and (b) hereof, Holders shall not be permitted to require that the Company repurchase or redeem the Notes in
the event of a takeover, recapitalization or similar transaction 
 (d) Notwithstanding anything to the contrary in this
Section 4.12, the Company shall not be required to make a Change of Control Offer upon a Change of Control if (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements
set forth herein applicable to a Change of Control Offer made by the Company and purchases all notes properly tendered and not withdrawn under the Change of Control Offer, or (2) notice of redemption has been given pursuant to Section 3.07
hereof unless and until there is a default in payment of the applicable redemption price. A Change in Control Offer may be made in advance of a Change of Control, with the obligation to pay and the timing of payment conditioned upon the consummation
of the Change of Control, if a definitive agreement to effect a Change of Control is in place at the time of the Change of Control Offer. 
 Section 4.13 Suspension of Limitation on Restricted Payment Covenant. 

During any period of time that: (i) the Consolidated Debt Ratio is not greater than 3.25 to 1.0 and (ii) no Default or Event of
Default has occurred and is continuing under this Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the Company and
its Subsidiaries shall not be subject to Section 4.07 (the “Suspended Covenant”). 
 In the event that the
Company and its Subsidiaries are not subject to the Suspended Covenant for any period of time as a result of the foregoing, and on any subsequent date (the “Reversion Date”) the Company exceeds the Consolidated Debt Ratio described
in this Section 4.13 or a Default or an Event of Default occurs and is continuing, then the Company and its Subsidiaries will thereafter again be subject to the Suspended Covenant with respect to future events. The period of time between the
suspension date and the Reversion Date is referred to in this description as the “Suspension Period”. Notwithstanding that the Suspended Covenant may be reinstated, no Default or Event of Default shall be deemed to have occurred as
a result of a failure to comply with the Suspended Covenant during the Suspension Period (or upon termination of the Suspension Period or after that time based solely on events that occurred during the Suspension Period). 

Calculations made after the Reversion Date of the amount available to be made as Restricted Payments under Section 4.07 shall be
made as though Section 4.07 had been in effect since the Issue Date and throughout the Suspension Period. Accordingly, Restricted Payments made during the Suspension Period shall reduce the amount available to be made as Restricted Payments
under Section 4.07(a). 
 ARTICLE 5 
 SUCCESSORS 
 Section 5.01 Merger, Consolidation or Sale of All or
Substantially All Assets. 
 (a) The Company shall not, directly or indirectly, (i) consolidate with or merge with or
into another Person (whether or not the Company is the surviving corporation), or (ii) sell, assign, transfer, convey or 

  
 30 

 
otherwise dispose of all or substantially all of its or its Subsidiaries’ properties or assets taken as a whole, in one or more related transactions, to another Person, unless: 

(1) either (i) the Company is the surviving corporation or (ii) the Person formed by or surviving any such
consolidation or merger (if other than the Company) or to which such sale, assignment, transfer, conveyance or other disposition has been made is a corporation, partnership or limited liability company organized or existing under the laws of the
United States, any state of the United States or the District of Columbia; provided that if the Person is a partnership or limited liability company, then a corporation wholly-owned by such Person organized or existing under the laws of the United
States, any state of the United States or the District of Columbia that does not and will not have any material assets or operations shall become a co-issuer of the Notes pursuant to a supplemental indenture duly executed by the Trustee; 

(2) the Person formed by or surviving any such consolidation or merger (if other than the Company) or the Person to which
such sale, assignment, transfer, conveyance or other disposition has been made assumes all of the obligations of the Company under the Notes and this Indenture pursuant to a supplemental indenture or other documents and agreements reasonably
satisfactory to the Trustee and assumes by written agreement all of the obligations of the Company under the Registration Rights Agreement; 
 (3) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing; and 

(4) the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel stating that such
consolidation, merger, sale, assignment, conveyance, transfer or other disposition and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Article 5 and that all conditions
precedent herein provided for relating to such transaction have been complied with; provided, however, that the delivery of an Officer’s Certificate or an Opinion of Counsel is not required with respect to any consolidation, merger, sale,
assignment, conveyance, transfer or other disposition involving the Company and any direct or indirect wholly owned subsidiary of the Company. 
 (b) The Company shall not, directly or indirectly, lease all or substantially all of its properties or assets, in one or more related transactions, to any other Person. 

(c) The provisions of paragraphs (a) and (b) of this Section 5.01 shall not apply to: 

(1) the Merger; 
 (2) the Escrow Merger; 
 (3) a merger of the Company with an
Affiliate solely for the purpose of reincorporating the Company in another jurisdiction or forming a direct holding company of the Company; or 
 (4) any consolidation or merger, or any sale, assignment, transfer, conveyance, lease or other disposition of assets between or among the Company and its Subsidiaries. 

(d) For purposes of this Section 5.01, the sale, assignment, transfer, lease, conveyance or other disposition of all or
substantially all of the properties and assets of one or more Subsidiaries of the Company, which properties and assets, if held by the Company instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of
the Company on a consolidated basis, shall be deemed to be the disposition of all or substantially all of the properties and assets of the Company. 

  
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 (e) The Company will
be released from its obligations under this Indenture and the resulting, surviving or transferee Person will succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture; provided that, in the case
of a lease of all or substantially all its assets, the Company will not be released from the obligation to pay the principal of and interest on the Notes. 
 Section 5.02 Successor Entity Substituted. 
 Upon any consolidation or
merger, or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the assets of the Company in accordance with Section 5.01, the successor Person formed by such consolidation or into or with which
the Company is merged or wound up or to which such sale, assignment, transfer, conveyance, lease or other disposition is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, assignment,
transfer, conveyance, lease or other disposition, the provisions of this Indenture referring to the Company shall refer instead to the successor entity and not to the Company), and may exercise every right and power of the Company under this
Indenture with the same effect as if such successor Person had been named as the Company, herein; provided that the predecessor Company shall not be relieved from the obligation to pay the principal of, premium, if any, and interest on the
Notes except in the case of a sale, assignment, transfer, conveyance or other disposition of all of the Company’s assets that meets the requirements of Section 5.01. 
 Such successor Person may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the Notes issuable hereunder which theretofore shall not have been signed by
the Company and delivered to the Trustee; and, upon the order of such successor Person instead of the Company and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver any
Notes which previously shall have been signed and delivered by the Company to the Trustee for authentication pursuant to such provisions and any Notes which such successor Person thereafter shall cause to be signed and delivered to the Trustee on
its behalf for the purpose pursuant to such provisions. All the Notes so issued shall in all respects have the same legal rank and benefit under this Indenture as the Notes theretofore or thereafter issued in accordance with the terms of this
Indenture as though all of such Notes had been issued at the date of the execution hereof. 
 ARTICLE 6 

DEFAULTS AND REMEDIES 
 Section 6.01 Events of Default. 
 (a) Each of the following is an
“Event of Default” with respect to a series of Notes: 
 (1) default for 30 days in the payment when
due of interest or Additional Interest, if any, on the Notes of such series; 
 (2) default in payment when due
of the principal of, or premium, if any, on the Notes of such series; 
 (3) failure by the Company or any of
its Subsidiaries for 90 days after notice from the Trustee or the Holders of at least 25% in aggregate principal amount of the outstanding Notes of such series to comply with any of the other agreements in this Indenture; 

(4) the acceleration of the maturity of any Indebtedness for money borrowed (other than the Notes of such series) by the
Company or any of its Significant Subsidiaries (other than any Excluded Project Subsidiary) having an aggregate principal amount outstanding in excess of 5% of its Consolidated Net Tangible Assets (measured on a pro forma basis after giving effect
to the Transactions), if such acceleration is not rescinded or annulled, or such indebtedness shall not have been discharged, within 15 days after the date of such acceleration; 

  
 32 

  
 (5)
failure by the Company or any of its Significant Subsidiaries to pay final and non-appealable judgments aggregating in excess of 5% of its Consolidated Net Tangible Assets (measured on a pro forma basis after giving effect to the Transactions),
which judgments are not covered by indemnities or third-party insurance, which judgments are not paid, discharged, vacated or stayed for a period of 90 days; and 

(6) the Company pursuant to or within the meaning of Bankruptcy Law: 

(A) commences a voluntary case, 
 (B) consents to the entry of an order for relief against it in an involuntary case; 
 (C) consents to the appointment of a custodian of it or for all or substantially all of its property; 
 (D) makes a general assignment for the benefit of its creditors; or 
 (E) generally is not paying its debts as they become due; or 
 (7)
a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (A) is for relief
against the Company in an involuntary case; 
 (B) appoints a custodian of the Company or for all or
substantially all of the property of the Company; or 
 (C) orders the liquidation of the Company; 

and the order or decree remains unstayed and in effect for 60 consecutive days. 

The foregoing will constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or
involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body. 

A default under clause (3) of this Section 6.01(a) shall not constitute an Event of Default until the Trustee notifies the
Company or the Holders of at least 25% in principal amount of the outstanding Notes notify the Company and the Trustee of the default and the Company does not cure such default within the time specified in said clause (3) after receipt of such
notice. 
 Section 6.02 Acceleration. 
 (a) If any Event of Default (other an Event of Default specified in clause (6) or (7) of Section 6.01(a)) occurs and is continuing under this Indenture, the Trustee by written notice to the
Company, specifying the Event of Default, or the Holders of at least 25% in aggregate principal amount of the then outstanding Notes of such series by notice to the Company and the Trustee, may, and the Trustee at the request of such Holders shall,
declare the principal of, premium, if any, and accrued and unpaid interest on all the Notes of such series to be due and payable. Upon such a declaration, such principal of, premium, if any, and accrued and unpaid interest shall be due and payable
immediately. 
 The Trustee shall have no obligation to accelerate the Notes of such series if and so long as a committee of its
Responsible Officers, in good faith, determines acceleration is not in the best interest of the Holders. 
 (b) Notwithstanding
the foregoing, in case an Event of Default under clause (6) or (7) of Section 6.01(a) occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest on all the outstanding Notes of such series shall
become immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 

  
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 (c) The Holders of a
majority in aggregate principal amount of the then outstanding Notes of such series by written notice to the Trustee may on behalf of all Holders rescind an acceleration with respect to the Notes and its consequences if (1) the rescission would
not conflict with any judgment or decree of a court of competent jurisdiction and (2) all existing Events of Default (except nonpayment of the principal of, premium, if any, and interest on the Notes that have become due solely because of the
acceleration) have been cured or waived. 
 Section 6.03 Other Remedies. 

If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal of,
premium, if any, and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 
 The
Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of
Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law. 
 Section 6.04 Waiver of Past Defaults. 
 The Holders of a majority in
aggregate principal amount of the then outstanding Notes of a series by written notice to the Trustee may on behalf of all Holders of such series waive any existing Default and its consequences hereunder, except: 

(1) a continuing Default in the payment of the principal of, premium, if any, or interest on any Note of such series held
by a non-consenting Holder (including in connection with a Change of Control Offer); and 
 (2) a Default with
respect to a provision that under Section 10.02 cannot be amended without the consent of each Holder affected, 
 provided, that
subject to Section 6.02, the Holders of a majority in aggregate principal amount of the then outstanding Notes of a series may rescind an acceleration and its consequences, including any related payment default that resulted from such
acceleration. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture, but no such waiver shall extend to any subsequent or other
Default or impair any right consequent thereon. 
 Section 6.05 Control by Majority. 

The Holders of a majority in aggregate principal amount of the then outstanding Notes of a series may direct the time, method and place
of conducting any proceeding for exercising any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture or that
the Trustee determines in good faith is unduly prejudicial to the rights of any other Holder or that would involve the Trustee in personal liability or expense for which the Trustee has not received an indemnity reasonably satisfactory to it.

 Section 6.06 Limitation on Suits. 
 Subject to Section 6.07, no Holder of a Note may pursue any remedy with respect to this Indenture or the Notes unless: 

(1) such Holder has previously given the Trustee notice that an Event of Default is continuing; 

(2) Holders of at least 25% in aggregate principal amount of the then outstanding Notes of such series have requested the
Trustee to pursue the remedy; 

  
 34 

  
 (3)
such Holders have offered the Trustee security or indemnity reasonably satisfactory to it against any loss, liability or expense; 
 (4) the Trustee has not complied with such request within 60 days after the receipt of the request and the offer of security or indemnity; and 

(5) the Holders of a majority in aggregate principal amount of the then outstanding Notes of such series have not given
the Trustee a direction that, in the opinion of the Trustee, is inconsistent with such request within such 60-day period. 
 A Holder may not
use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. 

Section 6.07 Rights of Holders to Receive Payment. 
 Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of, premium, if any, and interest on its Note, on or after the respective due dates expressed
or provided for in such Note (including in connection with a Change of Control Offer), or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder.

 Section 6.08 Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(a)(1) or (2) occurs and is continuing, the Trustee may recover judgment in its
own name and as trustee of an express trust against the Company and any other obligor on the Notes for the whole amount of principal of, premium, if any, and interest remaining unpaid on the Notes, together with interest on overdue principal and, to
the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and outside counsel.

 Section 6.09 Restoration of Rights and Remedies. 

If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has
been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceedings, the Company, the Trustee and the Holders shall be
restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding has been instituted. 

Section 6.10 Rights and Remedies Cumulative. 
 Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes in Section 2.07, no right or remedy herein conferred upon or reserved to the
Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy are, to the extent permitted by law, cumulative and in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 6.11 Delay or Omission Not Waiver. 
 No delay or omission of the Trustee or of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of
Default or 

  
 35 

 
an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by
the Trustee or by the Holders, as the case may be. 
 Section 6.12 Trustee May File Proofs of Claim. 

The Trustee may file proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the
Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and outside counsel) and the Holders of the Notes allowed in any judicial proceedings relative to the Company (or any other
obligor on the Notes), its creditors or its property and is entitled and empowered to participate as a member in any official committee of creditors appointed in such matter and to collect, receive and distribute any money or other property payable
or deliverable on any such claims. Any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the
Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee and its agents and outside counsel, and any other amounts due the Trustee under Section 7.08. To the extent
that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.08 out of the estate in any such proceeding, shall be denied for any
reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation
or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement,
adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.13 Priorities. 
 If the Trustee collects any money or
property pursuant to this Article 6, it shall pay out the money in the following order: 
 (1) to the Trustee
and its agents and outside attorneys for amounts due under Section 7.08, including payment of all reasonable compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection;

 (2) to Holders for amounts due and unpaid on the Notes for principal, premium, if any, and interest ratably,
without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest, respectively; and 

(3) to the Company or to such party as a court of competent jurisdiction shall direct. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.13. Promptly after any record date is set
pursuant to this Section 6.13, the Trustee shall cause notice of such record date and payment date to be given to the Company and to each Holder in the manner set forth in Section 12.02. 

Section 6.14 Undertaking for Costs. 
 In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as a Trustee, a court in its discretion may require the
filing by any party litigant in such suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in the suit, having due
regard to 

  
 36 

 
the merits and good faith of the claims or defenses made by the party litigant. This Section 6.14 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07,
or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Notes of a series. 
 ARTICLE 7

 TRUSTEE 
 Section 7.01 Certain Duties and Responsibilities. 
 The duties and
responsibilities of the Trustee shall be as provided by the Trust Indenture Act. 
 Section 7.02 Duties of Trustee.

 In furtherance of and subject to Section 7.01: 
 (a) If an Event of Default has occurred and is continuing with respect to any series of Notes, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same
degree of care and skill in its exercise, as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs. 
 (b) Except during the continuance of an Event of Default: 
 (1)
the duties of the Trustee will be determined solely by the express provisions of this Indenture and the Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations
shall be read into this Indenture or any other document executed by the Trustee in connection with or related to any series of Notes against the Trustee; and 
 (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions
furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall
examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture, but need not verify the contents thereof. 
 (c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(1) this paragraph does not limit the effect of paragraph (b) of this Section 7.02; 

(2) the Trustee will not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is
proved in a court of competent jurisdiction that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the Trustee will not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.03 and 6.04 hereof, or with
respect to any series of Notes, provisions in any supplemental indenture for such series that supersede Sections 6.03 and 6.04 hereof. 
 (d) Whether or not therein expressly so provided, every provision of this Indenture or any other document executed by the Trustee in connection with or related to any series of Notes that in any way
relates to the Trustee is subject to paragraphs (a), (b), (c), (e) and (f) of this Section 7.02. 

  
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 (e) No provision of
this Indenture or document executed by the Trustee in connection with any series of Notes will require the Trustee to expend or risk its own funds or incur any liability. The Trustee will be under no obligation to exercise any of its rights and
powers under this Indenture or any document executed by the Trustee in connection with or related to any series of Notes at the request of any Holders, unless such Holder has offered to the Trustee security and indemnity satisfactory to it against
any loss, liability or expense. 
 (f) The Trustee will not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 
 Section 7.03 Certain Rights of Trustee. 
 The Trustee may conclusively
rely upon any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document, but the Trustee may make such further inquiry or investigation
into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company during regular business hours on Business
Days, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(1) Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of
Counsel or both. The Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. The Trustee may consult with counsel and the advice of such counsel or any
Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 

(2) The Trustee may act through its attorneys and agents and will not be responsible for the misconduct or negligence of
any agent or attorney appointed with due care. 
 (3) The Trustee will not be liable for any action it takes or
omits to take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture or any supplement thereto. 
 (4) Unless otherwise specifically provided in this Indenture or any supplement thereto, any demand, request, direction or notice from the Company shall be sufficient if signed by an Officer of the
Company. 
 (5) None of the provisions of this Indenture shall require the Trustee to expend or risk its own
funds or otherwise to incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers vested in it by this Indenture or any supplement thereto at the request or
direction of any of the Holders unless such Holders have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities that might be incurred by it in compliance with such request or direction.

 (6) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible
Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a Default or Event of Default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the
Notes and this Indenture. 
 (7) In no event shall the Trustee be responsible or liable for special, indirect or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss or profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

  
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 (8)
The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each
agent, custodian and other Person employed to act hereunder. 
 (9) The Trustee in its individual or any other
capacity may become the owner or pledgee of the Notes of any series and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires
any conflicting interest it must eliminate such conflict within 90 days, apply to the Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.12 and
7.13 hereof. 
 (10) In the event the Company is required to pay Additional Interest, the Company shall provide
written notice to the Trustee of the Company’s obligation to pay Additional Interest no later than 15 days prior to the next Interest Payment Date, which notice shall set forth the amount of the Additional Interest to be paid by the Company.
The Trustee shall not at any time be under any duty or responsibility to any Holders to determine whether the Additional Interest is payable and the amount thereof. 
 Section 7.04 Individual Rights of Trustee. 
 The Trustee in its
individual or any other capacity may become the owner or pledge of Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee
acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the Commission for permission to continue as trustee or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections
7.12 and 7.13 hereof. 
 Section 7.05 Not Responsible for Recitals or Issuance of Notes. 

The Trustee will not be responsible for and makes no representation as to the validity or adequacy of this Indenture or any other
document executed by the Trustee in connection with or related to any series of Notes, it shall not be accountable for the Company’s use of the proceeds from any series of Notes or any money paid to the Company or upon the Company’s
direction under any provision of this Indenture or any supplement thereto, it will not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, it will not be responsible for any statement or
recital herein or any statement in any series of Notes or any other document executed by the Trustee in connection with any series of Notes in connection with the sale of any series of Notes or pursuant to this Indenture or any supplement thereto
other than its certificate of authentication, and it will not be responsible for any actions or inactions of any collateral trustee with respect to the collateral, if any, and shall have no duty to monitor, review or otherwise act with respect to
any collateral in connection with any series of Notes. 
 Section 7.06 Notice of Defaults. 

If a Default or Event of Default occurs and is continuing with respect to Notes of any series and if it is known to the Trustee, the
Trustee shall mail to Holders of such series a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium or Additional Interest, if any, or
interest on Notes of any series, the Trustee may withhold (and shall be fully protected in withholding) from Holders the notice if and so long as a committee of its Responsible Officers in good faith determines that withholding notice is in the best
interests of the Holders of Notes of such series. The Trustee shall not be deemed to know of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is such
a Default or Event of Default is received by the Trustee in accordance with Section 12.02 hereof at the Corporate Trust Office of the Trustee and such notice references the Notes and this Indenture. 

  
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 Section 7.07
Reports by Trustee to Holders of the Notes. 
 (a) Within 60 days after each October 15 beginning with the
October 15 following the date of this Indenture, and for so long as the Notes of any series remain outstanding, the Trustee shall mail to the Holders of such series a brief report dated as of such reporting date that complies with TIA §
313(a) (but if no event described in TIA § 313(a) has occurred within the twelve months preceding the reporting date, no report need be transmitted). The Trustee also shall comply with TIA § 313(b)(2). The Trustee shall also transmit by
mail all reports as required by TIA § 313(c). 
 (b) A copy of each report at the time of its mailing to the Holders of
outstanding Notes of any series shall be mailed by the Trustee to the Company and filed by the Trustee with the Commission and each stock exchange, if any, on which the Notes of such series are listed in accordance with TIA § 313(d). The
Company shall promptly notify the Trustee when Notes of any series are listed on any stock exchange. 
 Section 7.08
Compensation and Indemnity. 
 (a) The Company shall pay to the Trustee from time to time such reasonable compensation
for all services rendered by it hereunder in such amounts as the Company and the Trustee shall agree in writing from time to time (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an
express trust). 
 (b) The Company agrees, except as otherwise expressly provided herein, to reimburse the Trustee promptly upon
request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel),
except any such expense, disbursement or advance as may be attributable to its negligence, willful misconduct or bad faith. 

(c) The Company agrees to indemnify the Trustee and its officers, directors, employees, agents and any predecessor trustee and its
officers, directors, employees and agents for, and to hold it harmless against, any loss, liability or expense (including attorneys’ fees) incurred without negligence, willful misconduct or bad faith on its part, arising out of or in connection
with the acceptance or administration of the trust or trusts hereunder, including the reasonable costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties
hereunder, except those attributable to its negligence, willful misconduct or bad faith. The Trustee shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve
the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have separate counsel and the Company shall pay the reasonable fees and expenses of such counsel. The
Company shall not have to pay for any settlement made without its consent, which consent shall not be unreasonably withheld. 

(d) The Company agrees that the obligations of the Company under this Section 7.08 will survive the satisfaction and discharge of
this Indenture or the earlier resignation or removal of the Trustee; 
 (e) The Company agrees to secure the Company’s
payment obligations in this Section 7.08, the Trustee will have a lien prior to the Notes of any series on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on the Notes of any
series. Such lien shall survive the satisfaction and discharge of this Indenture; 
 (f) The Company agrees that when the
Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01 (6) or (7) hereof occurs, the expenses and the compensation for its services (including the fees and expenses of its agents and counsel)
are intended to constitute expenses of administration under any Bankruptcy Law; 

  
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 (g) the Trustee shall
comply with the provisions of Section 313(b)(2) of the Trust Indenture Act to the extent applicable; and 
 (h) the
Company’s obligations under this Section 7.08 shall survive the resignation or removal of the Trustee, any termination of this Indenture, including any termination or rejection of this Indenture in any insolvency or similar proceeding and
the repayment of all Notes of any series. 
 Section 7.09 Resignation and Removal; Appointment of Successor.

 No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article Seven shall
become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 7.10. 
 The Trustee may resign at any time with respect to the Notes of one or more series by giving written notice thereof to the Company. The Holders of a majority in aggregate principal amount of the then
outstanding Notes of any series may remove the Trustee, as to that series, by so notifying the Trustee and the Company in writing. The Company may remove the Trustee with respect to all Notes if: 

If at any time: 
 (1) the Trustee fails to comply with Section 7.12 hereof; 

(2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee
under any Bankruptcy Law; 
 (3) a custodian or public officer takes charge of the Trustee or its property; or

 (4) the Trustee becomes incapable of acting. 

If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any
cause, with respect to the Notes of one or more series, the Company, by a Board resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Notes of that or those series (it being understood that any such successor Trustee
may be appointed with respect to the Notes of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Notes of any particular series). Within one year after the successor Trustee takes office, the
Holders of a majority in principal amount of the outstanding Notes of such series may appoint a successor Trustee to replace the successor Trustee appointed by the Company. 
 If, within 60 days after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Notes of any series shall be appointed by Act of the Holders
of a majority in principal amount of the outstanding Notes of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the
applicable requirements of this Indenture, become the successor Trustee with respect to the Notes of such series and to that extent supersede the successor Trustee appointed by the Company. 

If no successor Trustee with respect to the Notes of any series shall have been so appointed by the Company or the Holders and accepted
appointment in the manner required by this Indenture, Holders of at least 10% in aggregate principal amount of the outstanding Notes of such series may petition any court of competent jurisdiction for the appointment of a successor Trustee with
respect to the Notes of such series. 
 If the Trustee with respect to the Notes of any series, after written request by any
Holder who has been a bona fide Holder of a Note of such series for at least six months, fails to comply with Section 7.12 such Holder 

  
 41 

 
may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for removal of the Trustee and appointment of a successor Trustee with respect to the
Notes of such series. 
 The Company shall give notice of each resignation and each removal of the Trustee with respect to the
Notes of any series and each appointment of a successor Trustee with respect to the Notes of any series to all Holders of Notes of such series in the manner provided in Section 12.02. Each notice shall include the name of the successor Trustee
with respect to the Notes of such series and the address of its Corporate Trust Office. 
 Section 7.10 Acceptance of
Appointment by Successor. 
 In case of the appointment hereunder of a successor Trustee with respect to all Notes, any
successor Trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and
such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee
shall, upon payment of its charges, execute and deliver an instrument (in form and substance satisfactory to the retiring Trustee and the Company) transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and
shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 
 In case of the appointment hereunder of a successor Trustee with respect to the Notes of one or more (but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the
Notes of one or more series shall execute and deliver an indenture supplemental hereto (in form and substance satisfactory to the retiring Trustee, the successor Trustee and the Company) wherein each successor Trustee shall accept such appointment
and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Notes of
that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Notes, shall contain such provisions as shall be deemed necessary or desirable to confirm that all
the rights, powers, trusts and duties of the retiring Trustee with respect to the Notes of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change
any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall
constitute such Trustee’s co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the
execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become
vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Notes of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such
retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Notes of that or those series to which the appointment of such successor Trustee
relates, provided all sums owing to the Trustee hereunder have been paid and subject to any lien provided for in connection with compensation and indemnity of the Trustee. Notwithstanding replacement of the Trustee, the Company’s obligations
under Section 7.08 hereof, as modified as to any series of Notes by any supplemental indenture, shall continue for the benefit of the retiring Trustee. 
 Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and
trusts referred to in the first or second preceding paragraph, as the case may be. 
 No successor Trustee shall accept its
appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article 7. 

  
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 Section 7.11
Merger, Conversion, Consolidation or Succession to Business. 
 Any corporation into which the Trustee may be merged or
converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business
of the Trustee, shall be the successor of the Trustee hereunder, without any further act. 
 Section 7.12 Eligibility;
Disqualification. 
 There shall at all times be one (and only one) Trustee hereunder with respect to the Notes of each
series, which may be Trustee hereunder for Notes of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such and has a combined capital and surplus of at least $100,000,000. If any
such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 7.12 and to the extent permitted by the TIA, the combined
capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Notes of any series shall cease to be eligible
in accordance with the provisions of this Section 7.12, it shall resign immediately in the manner and with the effect hereinafter specified in this Article 7. 
 This Indenture will always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee is subject to TIA § 310(b). 

Section 7.13 Preferential Collection of Claims Against Company. 

The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned
or been removed shall be subject to TIA § 311(a) to the extent indicated therein. 
 Section 7.14 Appointment of
Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of
Notes which shall be authorized to act on behalf of the Trustee to authenticate Notes of such series issued upon original issue and upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 7.07, and Notes so
authenticated shall be entitled to the benefits of this Indenture and shall be valid and binding obligations enforceable for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the
authentication and delivery of Notes by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of
authentication executed on behalf of the Trustee by an Authenticating Agent. In order to be eligible to serve as an Authenticating Agent under this Indenture, each Authenticating Agent and shall at all times be a corporation organized and doing
business under the laws of the United States of America, any state thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $100,000,000 and subject to
supervision or examination by federal or state authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this
Section 7.14, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall
cease to be eligible in accordance with the provisions of this Section 7.14, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section 7.14. 

Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to all or substantially all of the corporate 

  
 43 

 
agency or corporate trust business of an Authenticating Agent shall be the successor Authenticating Agent hereunder, without the execution or filing of any paper or any further act on the part of
the Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to
the Trustee and to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section 7.14, the Trustee may appoint a successor Authenticating Agent and shall give notice of such appointment
in the manner provided in Section 12.02 to all Holders of Notes of the series with respect to which such Authenticating Agent will serve. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with
all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section 7.14.

 The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this
Section 7.14, and in the event that the Trustee shall pay the Authenticating Agent, the Trustee shall be entitled to be reimbursed for such payments, subject to the provisions of Section 7.08. 

If an appointment with respect to one or more series is made pursuant to this Section 7.14, the Notes of such series may have
endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 
 This is one of the Notes of the series designated therein referred to in the within-mentioned Indenture. 
 Date of authentication:                      

                      
                  ,     
 as Trustee 
 By:
                                        
,     
 as Authenticating Agent 
 By:
                                         
     
 Authorized Signatory     

ARTICLE 8 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
 Section 8.01 Company to Furnish Trustee Names and Addresses of Holders. 
 The Company will furnish or cause to be furnished to the Trustee 

(1) semi-annually, not later than October 15 and April 15 in each year, a list, in such form as the Trustee may
reasonably require, of the names and addresses of the Holders of Notes of each series as of the preceding October 1 or April 1 as the case may be, and 

(2) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any
such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished, 

  
 44 

  
 provided, however, that if and so long
as the Trustee shall be Registrar for Notes of a series, no such list need be furnished with respect to such series of Notes. 

Section 8.02 Preservation of Information; Communications to Holders. 

The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most
recent list furnished to the Trustee as provided in Section 8.01 and the names and addresses of Holders received by the Trustee in its capacity as Registrar. The Trustee may destroy any list furnished to it as provided in Section 8.01 upon
receipt of a new list so furnished. 
 The rights of Holders to communicate with other Holders with respect to their rights
under this Indenture or under the Notes, and the corresponding rights and privileges of the Trustee, shall be as provided in the Trust Indenture Act. 
 Every Holder of Notes, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor the Trustee nor any agent of either of them shall be held accountable by
reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 
 ARTICLE
9 
 LEGAL DEFEASANCE AND COVENANT DEFEASANCE 
 Section 9.01 Option to Effect Legal Defeasance or Covenant Defeasance. 

The Company may, at its option and at any time, elect to have either Section 9.02 or 9.03 applied to all outstanding Notes of a
series upon compliance with the conditions set forth below in this Article 9. 
 Section 9.02 Legal Defeasance and
Discharge. 
 (a) Upon the Company’s exercise under Section 9.01 of the option applicable to this
Section 9.02, the Company shall, subject to the satisfaction of the conditions set forth in Section 9.04, be deemed to have been discharged from its obligations with respect to all outstanding Notes of a series on the date the conditions
set forth below are satisfied (“Legal Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes of a series,
which shall thereafter be deemed to be “outstanding” only for the purposes of Section 9.05 and the other Sections of this Indenture referred to in (1) and (2) below, and to have satisfied all of its other obligations under
such Notes and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or
discharged hereunder: 
 (1) the rights of Holders of the Notes of that series that are then outstanding to
receive payments in respect of the principal of, or interest or premium on the Notes when such payments are due from the trust referred to in Section 9.04; 

(2) the Company’s obligations with respect to the Notes of that series concerning issuing temporary notes,
registration of notes, mutilated, destroyed, lost or stolen notes and the maintenance of an office or agency for payment and money for security payments held in trust; 

(3) the rights, powers, trusts, duties and immunities of the Trustee for the Notes of that series, and the Company’s
obligations in connection therewith; and 
 (4) this Section 9.02 and Section 9.03. 

  
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 (b) Following the
Company’s exercise of its Legal Defeasance option, payment of the Notes may not be accelerated because of an Event of Default. 
 (c) Subject to compliance with this Article 9, the Company may exercise its option under this Section 9.02 notwithstanding the prior exercise of its option under Section 9.03. 

Section 9.03 Covenant Defeasance. 
 Upon the Company’s exercise under Section 9.01 of the option applicable to this Section 9.03, the Company shall, subject to the satisfaction of the conditions set forth in
Section 9.04, be released from its obligations under the covenants contained in Sections 4.03, 4.07, 4.08, 4.12 and clause (4) of Section 5.01(a), with respect to the outstanding Notes of a series, on and after the date the conditions
set forth in Section 9.04 are satisfied (“Covenant Defeasance”), and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the
consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes shall not be deemed outstanding for accounting purposes).
For this purpose, Covenant Defeasance means that, with respect to this Indenture and the outstanding Notes, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such
covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall
not constitute a Default or an Event of Default under Section 6.01, but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. In addition, upon the Company’s exercise under
Section 9.01 of the option applicable to this Section 9.03, subject to the satisfaction of the conditions set forth in Section 9.04, 6.01(a)(3) (only with respect to covenants that are released as a result of such Covenant
Defeasance), 6.01(a)(4) or 6.01(a)(5) (solely with respect to Subsidiaries that are Significant Subsidiaries or a group of Subsidiaries that, taken together as of the date of the most recent audited financial statements of the Company would
constitute a Significant Subsidiary), in each case shall not constitute Events of Default with respect to the Notes of that series. 
 Section 9.04 Conditions to Legal or Covenant Defeasance. 
 The
following shall be the conditions to the exercise of either the Legal Defeasance option under Section 9.02 or the Covenant Defeasance option under Section 9.03 with respect to the Notes of any series: 

(1) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of all Notes subject
to Legal Defeasance or Covenant Defeasance, cash in U.S. dollars, Government Securities, or a combination of cash in U.S. dollars and Government Securities, in amounts as will be sufficient, in the opinion of a nationally recognized investment bank,
appraisal firm or firm of independent public accountants to pay the principal of, or interest and premium on such Notes that are then outstanding on the Stated Maturity or on the applicable redemption date, as the case may be, and the Company must
specify whether such Notes are being defeased to maturity or to a particular redemption date; 
 (2) in the case
of Legal Defeasance, the Company must deliver to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that (a) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or
(b) since the date of this Indenture, there has been a change in the applicable federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel will confirm that, the Holders of the then outstanding Notes of
such series will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the
case if such Legal Defeasance had not occurred; 
 (3) in the case of Covenant Defeasance, the Company must
deliver to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that the Holders of the then outstanding Notes of 

  
 46 

 
such series will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the
same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default or Event of Default with respect to the Notes must have occurred and be continuing on the date of such
deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit); 
 (5) such Legal Defeasance or Covenant Defeasance may not result in a breach or violation of, or constitute a default under any material agreement or instrument (other than this Indenture) to which the
Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries are bound; 

(6) the Company must deliver to the Trustee an Officers’ Certificate stating that the deposit was not made by the
Company with the intent of preferring the Holders of Notes over its other creditors with the intent of defeating, hindering, delaying or defrauding the Company’s creditors or others; and 

(7) the Company must deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that
all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 

Section 9.05 Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions. 

(a) Subject to Section 9.06, all money and Government Securities (including the proceeds thereof) deposited with the Trustee
pursuant to Section 9.04 in respect of the outstanding Notes of such series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any
Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of all sums due and to become due thereon in respect of principal, premium, if any, and interest but such money need not be segregated from
other funds except to the extent required by law. 
 (b) The Company shall pay and indemnify the Trustee against any tax, fee or
other charge imposed on or assessed against the cash or Government Securities deposited pursuant to Section 9.04 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the
account of the Holders. 
 (c) Anything in this Article 9 to the contrary notwithstanding, the Trustee shall deliver or pay to
the Company from time to time upon the request of the Company any money or Government Securities held by it as provided in Section 9.04 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 9.04), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant
Defeasance. 
 Section 9.06 Repayment to the Company. 

Subject to any applicable abandoned property law, any money deposited with the Trustee or any Paying Agent, or then held by the Company,
in trust for the payment of the principal of, premium, if any, or interest on any Note and remaining unclaimed for two years after such principal, premium, if any, or interest has become due and payable shall be paid to the Company on its request or
(if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and
all liability of 

  
 47 

 
the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense
of the Company cause to be published once, in The New York Times or The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of
such notification or publication, any unclaimed balance of such money then remaining shall be repaid to the Company. 

Section 9.07 Reinstatement. 
 If the Trustee or Paying Agent is unable to apply any U.S. dollars or Government Securities in accordance with Section 9.02 or 9.03, as the case may be, by reason of any order or judgment of any
court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and the Notes of the applicable series shall be revived and reinstated as though no deposit
had occurred pursuant to Section 9.02 or 9.03 until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 9.02 or 9.03, as the case may be; provided that, if the Company makes any
payment of principal of, premium, if any, or interest on any Note following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders to receive such payment from the money held by the Trustee or Paying
Agent. 
 ARTICLE 10 
 AMENDMENT, SUPPLEMENT AND WAIVER 
 Section 10.01 Without Consent of
Holders. 
 (a) Notwithstanding Section 10.02, without the consent of any Holder, the Company and the Trustee may amend
or supplement this Indenture or the Notes of any series: 
 (1) to cure any ambiguity, defect or inconsistency;

 (2) to provide for uncertificated notes in addition to or in place of certificated notes; 

(3) to provide for the assumption of the Company’s obligations to Holders of Notes in the case of a merger or
consolidation or sale, assignment, transfer, conveyance or other disposition of all or substantially all of the Company’s and its Subsidiaries’ properties or assets taken as a whole; 

(4) to make any change that would provide any additional rights or benefits to the Holders of Notes or that does not
adversely affect the legal rights under this Indenture of any such Holder; 
 (5) to comply with requirements of
the Commission in order to effect or maintain the qualification of this Indenture under the Trust Indenture Act; 
 (6) to conform the text of this Indenture or the Notes to any provision of the “Description of notes” in the Offering Memorandum to the extent that such provision in the “Description of
notes” in the Offering Memorandum was intended to be a verbatim recitation of a provision of this Indenture or the Notes outstanding thereunder; 
 (7) to evidence and provide for the acceptance and appointment under this Indenture of successor trustees pursuant to the requirements thereof; 

(8) to provide for the issuance of Additional Notes; or 

(9) to provide for the issuance of Exchange Notes. 

  
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 (b) Upon the request
of the Company and upon receipt by the Trustee of the documents described in Section 12.04, the Trustee shall join with the Company in the execution of any amended or supplemental indenture authorized or permitted by the terms of this Indenture
and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into such amended or supplemental indenture that affects its own rights, duties or immunities under this
Indenture or otherwise. 
 Section 10.02 With Consent of Holders. 

(a) Except as provided in Section 10.01, the Company and the Trustee may amend or supplement this Indenture and the Notes with the
consent of the Holders of a majority in principal amount of the Notes (including Additional Notes, if any) then outstanding of that series voting as a single class (including, without limitation, consents obtained in connection with a purchase of,
or tender offer or exchange offer for, Notes of such series), and any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal of, premium, if any, or interest on the Notes, except a payment
default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture, the Notes may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes of
that series (including Additional Notes, if any) voting as a single class (including consents obtained in connection with the purchase of, or tender offer or exchange offer for, such Notes). Section 2.08 and Section 2.09 shall determine
which Notes are considered to be “outstanding” for the purposes of this Section 10.02. 
 (b) Upon the request of
the Company and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders as aforesaid, and upon receipt by the Trustee of the documents described in Section 12.04, the Trustee shall join with the
Company in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in
its discretion, but shall not be obligated to, enter into such amended or supplemental indenture. 
 (c) It shall not be
necessary for the consent of the Holders under this Section 10.02 to approve the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 

(d) After an amendment, supplement or waiver under this Section 10.02 becomes effective, the Company shall mail to the Holders of
Notes affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amended or
supplemental indenture or waiver. 
 (e) With respect to the Notes of any series, without the consent of each affected Holder of
a series, an amendment, supplement or waiver under this Section 10.02 may not (with respect to any Notes held by a non-consenting Holder): 
 (1) reduce the principal amount of such Notes whose Holders must consent to an amendment, supplement or waiver; 
 (2) reduce the principal of or change the fixed maturity of any such Note, or reduce the premium payable upon the redemption of the Notes under Section 3.07; 

(3) reduce the rate of or change the time for payment of interest on any such Note, including Additional Interest;

 (4) waive a Default or Event of Default in the payment of principal of, or interest or premium on such Notes
(except a rescission of acceleration of such Notes by the Holders of at least a majority in aggregate principal amount of such Notes and a waiver of the payment default that resulted from such acceleration); 

  
 49 

  
 (5)
make any such Note payable in currency other than that stated in such Notes; 
 (6) make any change in the
provisions of this Indenture relating to waivers of past Defaults or the rights of Holders of such Notes to receive payments of principal of, or interest or premium on such Notes; 

(7) make any change in the preceding amendment and waiver provisions; or 

(8) make any change to the provisions of this Indenture providing for a Special Redemption that would adversely affect
the rights of any Holders of the Notes of such series to receive Escrowed Funds. 
 (f) A consent to any amendment, supplement
or waiver of this Indenture or the Notes by any Holder given in connection with a tender of such Holder’s Notes shall not be rendered invalid by such tender. 
 Section 10.03 Compliance with Trust Indenture Act. 
 If this Indenture
is qualified under the Trust Indenture Act, every amendment or supplement to this Indenture or the Notes shall be set forth in an amended or supplemental indenture that complies with the Trust Indenture Act as then in effect. 

Section 10.04 Revocation and Effect of Consents. 
 (a) Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a
Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee
receives written notice of revocation before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder. 

(b) The Company may, but shall not be obligated to, fix a record date pursuant to Section 1.05 for the purpose of determining the
Holders entitled to consent to any amendment, supplement, or waiver. 
 Section 10.05 Notation on or Exchange of
Notes. 
 (a) The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter
authenticated. The Company in exchange for all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment, supplement or waiver. 

(b) Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of such amendment, supplement
or waiver. 
 Section 10.06 Trustee to Sign Amendments, etc. 

The Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article 10 if the amendment or supplement does not
adversely affect the rights, duties, liabilities or immunities of the Trustee. In executing any amendment, supplement or waiver, the Trustee shall be entitled to receive and (subject to Section 7.02) shall be fully protected in relying upon an
Officers’ Certificate and an Opinion of Counsel) stating that the execution of such amended or supplemental indenture is authorized or permitted by this Indenture and that such amendment, supplement or waiver is the legal, valid and binding
obligation of the Company, enforceable against it in accordance with its terms, subject to customary exceptions, and complies with the provisions hereof (including Section 10.03). 

  
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 ARTICLE 11 

SATISFACTION AND DISCHARGE 
 Section 11.01 Satisfaction and Discharge. 
 (a) This Indenture will be
discharged and will cease to be of further effect as to all Notes of a series issued thereunder, when: 
 (1) either:

 (A) all Notes of such series that have been authenticated, except lost, stolen or destroyed Notes that have
been replaced or paid and Notes for whose payment money has been deposited in trust and thereafter repaid to the Company, have been delivered to the Trustee for cancellation; or 

(B) all such Notes of such series not theretofore delivered to the Trustee for cancellation have become due and payable
by reason of the giving of a notice of redemption or otherwise, will become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by
the Trustee in the name, and at the expense, of the Company, and the Company has irrevocably deposited or caused to be deposited with the Trustee, as trust funds in trust solely for the benefit of the Holders of Notes, cash in U.S. dollars
sufficient, Government Securities the scheduled payments of principal of and interest on which will be sufficient, or a combination of cash in U.S. dollars and Government Securities, in amounts as will be sufficient, in the opinion of a nationally
recognized firm of independent public accountants (which opinion need only be provided if Government Securities are being deposited), without consideration of any reinvestment of interest to pay and discharge the entire Indebtedness on the Notes of
such series not theretofore delivered to the Trustee for cancellation for principal, premium, if any, and accrued interest to the date of maturity or redemption; 
 (2) no Default or Event of Default has occurred and is continuing on the date of the deposit or will occur as a result of the deposit (other than a Default resulting from borrowing of funds to be applied
to such deposit and the grant of any Lien securing such borrowing) and the deposit will not result in a breach or violation of, or constitute a default under, any material agreement or material instrument to which the Company is a party or by which
the Company is bound; 
 (3) the Company has paid or caused to be paid all sums payable by it under this Indenture with respect
to the Notes; and 
 (4) the Company has delivered irrevocable instructions to the Trustee under this Indenture to apply the
deposited money toward the payment of the Notes at maturity or the redemption date, as the case may be. 
 In addition, the
Company must deliver an Officers’ Certificate and an Opinion of Counsel (which Opinion of Counsel may be subject to customary assumptions and exclusions) to the Trustee stating that all conditions precedent to satisfaction and discharge have
been satisfied. 
 Section 11.02 Application of Trust Money. 

(a) Subject to the provisions of Section 9.06, all money deposited with the Trustee pursuant to Section 11.01 shall be held in
trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the
Persons entitled thereto, of the principal, premium, if any, and interest for whose payment such money has been deposited with the Trustee, but such money need not be segregated from other funds except to the extent required by law. 

(b) If the Trustee or Paying Agent is unable to apply any money or Government Securities in accordance with Section 11.01 by reason
of any legal proceeding or by reason of any order or judgment of any 

  
 51 

 
court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture and the Notes shall be revived and reinstated
as though no deposit had occurred pursuant to Section 11.01; provided that if the Company has made any payment of principal of, premium, if any, or interest on any Notes because of the reinstatement of its obligations, the Company shall
be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government Securities held by the Trustee or Paying Agent, as the case may be. 

ARTICLE 12 

MISCELLANEOUS 

Section 12.01 Trust Indenture Act Controls. 
 If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by Trust Indenture Act Section 318(c) in respect of Sections of the Trust Indenture Act that are incorporated
by reference in this Indenture pursuant to Section 1.04, the imposed duties shall control. 
 Section 12.02
Notices. 
 (a) Any notice or communication to the Company or the Trustee is duly given if in writing and
(1) delivered in person, (2) mailed by first-class mail, postage prepaid, or overnight air courier guaranteeing next day delivery or (3) sent by facsimile or electronic transmission, to the others’ address: 

If to the Company: 
 c/o Mirant Corporation 
 1155 Perimeter Center West 

Atlanta, GA 30338 

Fax No.: (678) 579-5951 
 Email: steve.nickerson@mirant.com 
 Attention: Steven B. Nickerson 

With a copy to: 

Skadden, Arps, Slate, Meagher & Flom LLP 
 Four Times Square 
 New York, NY 10036 

Fax No: (212) 777-4112 
 Email: richard.aftanas@skadden.com 
 Attention: Richard Aftanas 

If to the Trustee: 
 Wilmington Trust Company 
 Rodney Square North 

1100 North Market Street 
 Wilmington, DE 19890 
 Fax: (302) 636-4145 

Attention: Corporate Capital Markets 
 The Company or the Trustee, by like notice, may designate additional or different addresses for subsequent notices or communications. 

  
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 (b) All notices and
communications (other than those sent to Holders) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; on the first date of which publication is made, if by publication; five calendar days after being
deposited in the mail, postage prepaid, if mailed by first-class mail; the next Business Day after timely delivery to the courier, if mailed by overnight air courier guaranteeing next day delivery; when receipt acknowledged, if sent by facsimile or
electronic transmission; provided that any notice or communication delivered to the Trustee shall be deemed effective upon actual receipt thereof. 
 (c) Any notice or communication to a Holder shall be mailed by first-class mail or by overnight air courier guaranteeing next day delivery to its address shown on the Note Register or by such other
delivery system as the Trustee agrees to accept. Any notice or communication shall also be so mailed to any Person described in Trust Indenture Act Section 313(c), to the extent required by the Trust Indenture Act. Failure to mail a notice or
communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. 
 (d) Where this
Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders
shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 
 (e) Where this Indenture provides for notice of any event to a Holder of a Global Note, such notice shall be sufficiently given if given to the Depositary for such Note (or its designee), pursuant to the
applicable procedures of such Depositary, if any, prescribed for the giving of such notice. 
 (f) The Trustee agrees to accept
and act upon notice, instructions or directions pursuant to this Indenture sent by unsecured facsimile or electronic transmission; provided, however, that (1) the party providing such written notice, instructions or directions,
subsequent to such transmission of written instructions, shall provide the originally executed instructions or directions to the Trustee in a timely manner, and (2) such originally executed notice, instructions or directions shall be signed by
an authorized representative of the party providing such notice, instructions or directions. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reasonable reliance upon and
compliance with such notice, instructions or directions notwithstanding such notice, instructions or directions conflict or are inconsistent with a subsequent notice, instructions or directions. 

(g) If a notice or communication is sent in the manner provided above within the time prescribed, it is duly given, whether or not the
addressee receives it. 
 (h) If the Company mails a notice or communication to Holders, it shall mail a copy to the Trustee and
each Agent at the same time. 
 Section 12.03 Communication by Holders with Other Holders. 

Holders may communicate pursuant to Trust Indenture Act Section 312(b) with other Holders with respect to their rights under this
Indenture or the Notes. The Company, the Trustee, the Registrar and anyone else shall have the protection of Trust Indenture Act Section 312(c). 
 Section 12.04 Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the
Trustee: 
 (1) an Officers’ Certificate in form reasonably satisfactory to the Trustee (which shall
include the statements set forth in Section 12.05) stating that, in the opinion of the signer(s), all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been complied with; and

  
 53 

  
 (2) an
Opinion of Counsel in form reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 12.05) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with.

 Section 12.05 Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a
certificate provided pursuant to Section 4.04 or Trust Indenture Act Section 314(a)(4)) shall include: 
 (1) a statement that the Person making such certificate or opinion has read such covenant or condition; 
 (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(3) a statement that, in the opinion of such Person, he or she has made such examination or investigation as is necessary
to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with (and, in the case of an Opinion of Counsel, may be limited to reliance on an Officers’ Certificate as to matters of
fact); and 
 (4) a statement as to whether or not, in the opinion of such Person, such condition or covenant
has been complied with. 
 Section 12.06 Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules
and set reasonable requirements for its functions. 
 Section 12.07 No Personal Liability of Directors, Officers,
Employees, Members, Partners and Stockholders. 
 No director, officer, employee, incorporator, member, partner or
stockholder of the Company or any Subsidiary, as such, shall have any liability for any obligations of the Company or any Subsidiary under the Notes or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or
their creation. Each Holder 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. 
 Section 12.08 Governing Law. 
 THIS INDENTURE AND THE NOTES WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 Section 12.09 Waiver of Jury Trial. 
 EACH OF THE COMPANY AND THE
TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY.

  
 54 

  
 Section 12.10
Force Majeure. 
 In no event shall the Trustee be responsible or liable for any failure or delay in the performance of
its obligations under this Indenture arising out of or caused by, directly or indirectly, forces beyond its reasonable control, including without limitation strikes, work stoppages, accidents, acts of war or terrorism, civil or military
disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software or hardware) services; it being understood that the Trustee shall use reasonable efforts which
are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 Section 12.11 No Adverse Interpretation of Other Agreements. 
 This
Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 12.12 Successors. 
 All agreements of the Company in this Indenture and the Notes shall bind its successors. All agreements of the Trustee in this Indenture shall bind its successors. 

Section 12.13 Severability. 
 In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected
or impaired thereby. 
 Section 12.14 Counterpart Originals. 

The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement. 
 Section 12.15 Table of Contents, Headings, etc. 

The Table of Contents, Cross-Reference Table and headings of the Articles and Sections of this Indenture have been inserted for
convenience of reference only, are not to be considered a part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 
 Section 12.16 U.S.A. Patriot Act. 
 The parties hereto acknowledge
that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee.
The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

Section 12.17 Payments Due on Non-Business Days. 
 In any case where any Interest Payment Date, redemption date or repurchase date or the Stated Maturity of the Notes shall not be a Business Day, then (notwithstanding any other provision of this Indenture
or of the Notes) payment of interest or principal (and premium, if any) need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment

  
 55 

 
Date or redemption date or repurchase date, or at the Stated Maturity of the Notes, provided that no interest will accrue for the period from and after such Interest Payment Date, redemption
date, repurchase date or Stated Maturity, as the case may be. 
 [Signatures on following page] 

  
 56 

  
 
			
	COMPANY
	
	GENON ESCROW CORP.
		
	By:	 	 
		 	 Title:

Name:

  
 
			
	WILMINGTON TRUST COMPANY, as Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  
 APPENDIX A 

PROVISIONS RELATING TO INITIAL NOTES, EXCHANGE NOTES AND 
 ADDITIONAL NOTES 
 Section 1.1 Definitions. 

(a) Capitalized Terms. 
 Capitalized terms used but not defined in this Appendix A have the meanings given to them in this Indenture. The following capitalized terms have the following meanings: 

“Applicable Procedures” means, with respect to any transfer or transaction involving a Regulation S Global Note or
beneficial interest therein, the rules and procedures of the Depositary for such Global Note, Euroclear and Clearstream, in each case to the extent applicable to such transaction and as in effect from time to time. 

“Clearstream” means Clearstream Banking, Société Anonyme, or any successor securities clearing agency.

 “Distribution Compliance Period”, with respect to any Note, means the period of 40 consecutive days
beginning on and including the later of (a) the day on which such Note is first offered to persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S, notice of which day shall be
promptly given by the Company to the Trustee, and (b) the date of issuance with respect to such Note or any predecessor of such Note. 
 “Euroclear” means the Euroclear Clearance System or any successor securities clearing agency. 
 “IAI” means an institutional “accredited investor” as described in Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 

“QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Regulation S” means Regulation S promulgated under the Securities Act. 

“Rule 144” means Rule 144 promulgated under the Securities Act. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 501” means Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 

“Unrestricted Global Note” means any note in global form that does not bear or is not required to bear the Restricted
Notes Legend. 
 (b) Other Definitions. 
  

					
	 Term: 
	  	Defined in Section:	 
	 “Agent Members”
	  	 	2.1	(c) 
	 “Definitive Notes Legend”
	  	 	2.3	(e) 
	 “Global Note”
	  	 	2.1	(b) 
	 “Global Notes Legend”
	  	 	2.3	(e) 
	 “IAI Global Note”
	  	 	2.1	(b) 
	 “Regulation S Global Note”
	  	 	2.1	(b) 
	 “Regulation S Notes”
	  	 	2.1	(a) 
	 “Restricted Notes Legend”
	  	 	2.3	(e) 
	 “Rule 144A Notes”
	  	 	2.1	(a) 
	 “Rule 144A Global Note”
	  	 	2.1	(b) 

  
 Section 2.1 Form and
Dating 
 (a) The Initial Notes issued on the date hereof shall be (i) offered and sold by the Company to the
Initial Purchasers and (ii) resold, initially only to (1) QIBs in reliance on Rule 144A (“Rule 144A Notes”) and (2) Persons other than U.S. Persons (as defined in Regulation S) in reliance on Regulation S
(“Regulation S Notes”). Such Initial Notes may thereafter be transferred to, among others, QIBs, purchasers in reliance on Regulation S and, except as set forth below, IAIs in accordance with Rule 501. 

(b) Global Notes. Rule 144A Notes shall be issued initially in the form of one or more permanent global Notes in definitive,
fully registered form, numbered from RA-1 upward (collectively, the “Rule 144A Global Note”) and Regulation S Notes shall be issued initially in the form of one or more global Notes, numbered from RS-1 upward
(collectively, the “Regulation S Global Note”), in each case without interest coupons and bearing the Global Notes Legend and Restricted Notes Legend, which shall be deposited on behalf of the purchasers of the Notes represented
thereby with the Custodian, and registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Company and authenticated by the Trustee as provided in this Indenture. One or more global Notes in definitive, fully
registered form without interest coupons and bearing the Global Notes Legend and the Restricted Notes Legend, numbered from RIAI-1 upward (collectively, the “IAI Global Note”) shall also be issued on the Issue Date, deposited with
the Custodian, and registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Company and authenticated by the Trustee as provided in this Indenture to accommodate transfers of beneficial interests in the Notes to
IAIs subsequent to the initial distribution. Beneficial ownership interests in the Regulation S Global Note shall not be exchangeable for interests in the Rule 144A Global Note, the IAI Global Note or any other Note without a Restricted
Notes Legend until the expiration of the Distribution Compliance Period. The Rule 144A Global Note, the IAI Global Note, the Regulation S Global Note and any Unrestricted Global Note are each referred to herein as a “Global
Note” and are collectively referred to herein as “Global Notes.” Each Global Note shall represent such of the outstanding Notes as shall be specified in the “Schedule of Exchanges of Interests in the Global Note”
attached thereto and each shall provide that it shall represent up to the aggregate principal amount of Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time
be reduced or increased, as applicable, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby shall be made
by the Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.05 of this Indenture and Section 2.3(c) below. 

(c) Book-Entry Provisions. This Section 2.1(c) shall apply only to a Global Note deposited with or on behalf of the
Depositary. 
 The Company shall execute and the Trustee shall, in accordance with this Section 2.1(c) and Section 2.2
and pursuant to an order of the Company signed by one Officer of the Company, authenticate and deliver initially one or more Global Notes that (i) shall be registered in the name of the Depositary for such Global Note or Global Notes or the
nominee of such Depositary and (ii) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions or held by the Trustee as Custodian. 

Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect
to any Global Note held on their behalf by the Depositary or by the Trustee as Custodian or under such Global Note, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of
such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other
authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices of such Depositary governing the exercise of the rights of a holder of a beneficial interest in any Global
Note. 

  
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 (d) Definitive
Notes. Except as provided in Section 2.3 or 2.4, owners of beneficial interests in Global Notes shall not be entitled to receive physical delivery of certificated Notes. 
 Section 2.2 Authentication. The Trustee shall authenticate and make available for delivery upon a written order of the Company signed by one Officer of the Company (a) Initial Notes on
the date hereof for original issue of up to (i) $675,000,000 in aggregate principal amount of 9.500% Senior Notes due 2018 and (ii) $550,000,000 in aggregate principal amount of 9.875% Senior Notes due 2020, as the case may be,
(b) subject to the terms of this Indenture, Additional Notes, (c) the Exchange Notes for issue only in an Exchange Offer and pursuant to the Registration Rights Agreement and for a like principal amount of Initial Notes exchanged
pursuant thereto and (d) any Unrestricted Global Notes issued in exchange for any of the foregoing in accordance with this Indenture. Such order shall specify the amount of the Notes to be authenticated, the date on which the original issue of
Notes is to be authenticated and whether the Notes are to be Initial Notes, Additional Notes, Exchange Notes or other Unrestricted Global Notes. 
 Section 2.3 Transfer and Exchange. 
 (a) Transfer and Exchange
of Definitive Notes for Definitive Notes. When Definitive Notes are presented to the Registrar with a request: 
 (i) to register the transfer of such Definitive Notes; or 

(ii) to exchange such Definitive Notes for an equal principal amount of Definitive Notes of other authorized
denominations, 
 the Registrar shall register the transfer or make the exchange as requested if its reasonable requirements for such
transaction are met; provided, however, that the Definitive Notes surrendered for transfer or exchange: 
 (1) shall be duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Registrar, duly executed by the Holder thereof or his attorney
duly authorized in writing; and 
 (2) in the case of Transfer Restricted Notes, are accompanied by the
following additional information and documents, as applicable: 
 (A) if such Definitive Notes are being
delivered to the Registrar by a Holder for registration in the name of such Holder, without transfer, a certification from such Holder to that effect (in the form set forth on the reverse side of the Initial Note); or 

(B) if such Definitive Notes are being transferred to the Company, a certification to that effect (in the form set
forth on the reverse side of the Initial Note); or 
 (C) if such Definitive Notes are being transferred
pursuant to an exemption from registration in accordance with Rule 144 under the Securities Act or in reliance upon another exemption from the registration requirements of the Securities Act, (x) a certification to that effect (in the form
set forth on the reverse side of the Initial Note) and (y) if the Company so requests, an Opinion of Counsel or other evidence reasonably satisfactory to it as to the compliance with the restrictions set forth in the applicable legends set
forth in Section 2.3(e)(i). 
 (b) Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a
Global Note. A Definitive Note may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by a
written instrument of transfer in form reasonably satisfactory to the Company and the Registrar, together with: 

(i) (A) certification (in the form set forth on the reverse side of the Initial Note) that such Definitive Note is
being transferred (1) to a QIB in accordance with Rule 144A, (2) to an IAI that has furnished to the 

  
 3 

 
Trustee a signed letter substantially in the form of Exhibit B or (3) outside the United States of America in an offshore transaction within the meaning of Regulation S and in
compliance with Rule 904 under the Securities Act or (B) such other certification and Opinion of Counsel as the Company shall require; and 
 (ii) written instructions directing the Trustee to make, or to direct the Custodian to make, an adjustment on its books and records with respect to such Global Note to reflect an increase in the
aggregate principal amount of the Notes represented by the Global Note, such instructions to contain information regarding the Depositary account to be credited with such increase, 
 the Trustee shall cancel such Definitive Note and cause, or direct the Custodian to cause, in accordance with the standing instructions and procedures existing between the Depositary and the Custodian,
the aggregate principal amount of Notes represented by the Global Note to be increased by the aggregate principal amount of the Definitive Note to be exchanged and shall credit or cause to be credited to the account of the Person specified in such
instructions a beneficial interest in the Global Note equal to the principal amount of the Definitive Note so canceled. If no Global Notes are then outstanding and the Global Note has not been previously exchanged for certificated securities
pursuant to Section 2.4, the Company shall issue and the Trustee shall authenticate, upon written order of the Company in the form of an Officers’ Certificate, a new Global Note in the appropriate principal amount. 

(c) Transfer and Exchange of Global Notes. (i) The transfer and exchange of Global Notes or beneficial interests therein
shall be effected through the Depositary, in accordance with this Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Depositary therefor. A transferor of a beneficial interest in a Global
Note shall deliver a written order given in accordance with the Depositary’s procedures containing information regarding the participant account of the Depositary to be credited with a beneficial interest in such Global Note or another Global
Note and such account shall be credited in accordance with such order with a beneficial interest in the applicable Global Note and the account of the Person making the transfer shall be debited by an amount equal to the beneficial interest in the
Global Note being transferred. Transfers by an owner of a beneficial interest in the Rule 144A Global Note or the IAI Global Note to a transferee who takes delivery of such interest through the Regulation S Global Note, whether before or after the
expiration of the Distribution Compliance Period, shall be made only upon receipt by the Trustee of a certification in the form provided on the reverse side of the Initial Note from the transferor to the effect that such transfer is being made in
accordance with Regulation S, Rule 144 (if available) under the Securities Act, or another applicable exemption from registration under the Securities Act and that, if such transfer is being made prior to the expiration of the Distribution
Compliance Period, the interest transferred shall be held immediately thereafter through Euroclear or Clearstream. In the case of a transfer of a beneficial interest in either the Regulation S Global Note (to the extent provided in
Section 2.3(d)) or the Rule 144A Global Note for an interest in the IAI Global Note, the transferee must furnish a signed letter substantially in the form of Exhibit B to the Trustee. 

(ii) If the proposed transfer is a transfer of a beneficial interest in one Global Note to a beneficial interest in
another Global Note, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Note to which such interest is being transferred in an amount equal to the principal amount of the interest to
be so transferred, and the Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Note from which such interest is being transferred. 

(iii) Notwithstanding any other provisions of this Appendix A (other than the provisions set forth in
Section 2.4), a Global Note may not be transferred as a whole except by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such
nominee to a successor Depositary or a nominee of such successor Depositary. 
 (iv) Neither the Trustee
nor the Registrar shall have any responsibilities with respect to the transfer of beneficial interests within one Global Note. 

  
 4 

  
 (v) In
the event that a Global Note is exchanged for Definitive Notes pursuant to Section 2.4 of this Appendix A prior to the consummation of the Exchange Offer or the effectiveness of a Shelf Registration Statement with respect to such Notes, such
Notes may be exchanged only in accordance with such procedures as are substantially consistent with the provisions of this Section 2.3 (including the certification requirements set forth on the reverse of the Initial Notes intended to ensure
that such transfers comply with Rule 144A, Regulation S or such other applicable exemption from registration under the Securities Act, as the case may be) and such other procedures as may from time to time be adopted by the Company. 

(d) Restrictions on Transfer of Regulation S Global Note. (i) Prior to the expiration of the Distribution Compliance
Period, (1) the Regulation S Global Note shall be a temporary global security for purposes of Rules 903 and 904 under the Securities Act, whether or not designated as such on the face of such Note, and (2) interests in the
Regulation S Global Note may only be held through Euroclear or Clearstream. During the Distribution Compliance Period, beneficial ownership interests in the Regulation S Global Note may only be sold, pledged or transferred through Euroclear or
Clearstream in accordance with the Applicable Procedures and only (1) to the Company, (2) so long as such Note is eligible for resale pursuant to Rule 144A, to a person whom the selling holder reasonably believes is a QIB that
purchases for its own account or for the account of a QIB and to whom notice is given that the resale, pledge or transfer is being made in reliance on Rule 144A, (3) in an offshore transaction in accordance with Regulation S,
(4) pursuant to an exemption from registration under the Securities Act provided by Rule 144 (if applicable) under the Securities Act or another available exemption, (5) to an IAI purchasing for its own account, or for the account of
an IAI, in a minimum principal amount of Notes of $250,000, for investment purposes and not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act or (6) pursuant to an effective
registration statement under the Securities Act, in each case in accordance with any applicable securities laws of any state of the United States of America. Prior to the expiration of the Distribution Compliance Period, transfers by an owner of a
beneficial interest in the Regulation S Global Note to a transferee who takes delivery of such interest through the Rule 144A Global Note or the IAI Global Note shall be made only in accordance with the Applicable Procedures and upon receipt by the
Trustee of a written certification from the transferor of the beneficial interest in the form provided on the reverse side of the Initial Note to the effect that such transfer is being made to (1) a QIB within the meaning of Rule 144A in a
transaction meeting the requirements of Rule 144A or (2) an IAI purchasing for its own account, or for the account of such an IAI, in a minimum principal amount of the Notes of $250,000. Such written certification shall no longer be required
after the expiration of the Distribution Compliance Period. In the case of a transfer of a beneficial interest in the Regulation S Global Note for an interest in the IAI Global Note, the transferee must furnish a signed letter substantially in
the form of Exhibit B to the Trustee. 
 (ii) Upon the expiration of the Distribution Compliance
Period, beneficial ownership interests in the Regulation S Global Note shall be transferable in accordance with applicable law and the other terms of this Indenture. 

(iii) Upon the expiration of the Distribution Compliance Period, beneficial interests in the Regulation S Global Note may
be exchanged for beneficial interests in a permanent Regulation S Global Note that is an Unrestricted Global Note upon certification in the form provided on the reverse side of the Initial Note to the effect that such beneficial interests are owned
either by non-U.S. persons or by U.S. persons who purchased those interests pursuant to an exemption from, or in transactions not subject to, the registration requirements of the Securities Act. If no such Regulation S Global Note that is an
Unrestricted Global Note is then outstanding, the Company shall issue and the Trustee shall authenticate, upon written order of the Company in the form of an Officers’ Certificate, a new Global Note in the appropriate principal amount.

 (e) Legends. 
 (i) Except as permitted by this Section 2.3(e), each Note certificate evidencing the Global Notes and the Definitive Notes (and all Notes issued in exchange therefor or in substitution thereof)
shall bear a legend 

  
 5 

 
in substantially the following form (each defined term in the legend being defined as such for purposes of the legend only) (“Restricted Notes Legend”): 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH
TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR
OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS [IN THE CASE OF RULE 144A NOTES: ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF
ANY ADDITIONAL NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY),] [IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE
HEREOF AND THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION S], ONLY (A) TO THE COMPANY OR ANY
SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER
IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED
INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED
INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF SECURITIES OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY
SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE
HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. [IN THE CASE OF REGULATION S NOTES: BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING
THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT.] 
 BY ITS ACQUISITION OF
THIS SECURITY, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT
TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO 

  
 6 

 
SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE
SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING
OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 
 Each Definitive Note shall bear the following additional legend (“Definitive Notes Legend”): 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE
TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 
 Each Global Note shall bear the following additional legend (“Global Notes
Legend”): 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A
NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY
OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS
OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

(ii) Upon any sale or transfer of a Transfer Restricted Note that is a Definitive Note, the Registrar shall permit
the Holder thereof to exchange such Transfer Restricted Note for a Definitive Note that does not bear the legends set forth above and rescind any restriction on the transfer of such Transfer Restricted Note if the Holder certifies in writing to the
Registrar that its request for such exchange was made in reliance on Rule 144 (such certification to be in the form set forth on the reverse side of the Initial Note). 

(iii) Upon a sale or transfer after the expiration of the Distribution Compliance Period of any Initial Note or
Additional Note acquired pursuant to Regulation S, all requirements that such Initial Note or Additional Note bear the Restricted Notes Legend shall cease to apply and the requirements requiring any such Initial Note or Additional Note be issued in
global form shall continue to apply. 
 (iv) After a transfer of any Initial Notes or Additional Notes
during the period of the effectiveness of a Shelf Registration Statement with respect to such Initial Notes or Additional Notes, as the case may be, all requirements pertaining to the Restricted Notes Legend on such Initial Notes or Additional Notes
shall cease to apply and the requirements that any such Initial Notes or Additional Notes be issued in global form shall continue to apply. 
 (v) Upon the consummation of an Exchange Offer with respect to the Initial Notes or Additional Notes pursuant to which Holders of such Initial Notes or Additional Notes are offered Exchange Notes in

  
 7 

 
exchange for their Initial Notes or Additional Notes, all requirements pertaining to Initial Notes or Additional Notes that Initial Notes or Additional Notes be issued in global form shall
continue to apply, and Exchange Notes in global form without the Restricted Notes Legend shall be available to Holders that exchange such Initial Notes or Additional Notes in such Exchange Offer. 

(vi) Any Additional Notes sold in a registered offering shall not be required to bear the Restricted Notes Legend.

 (f) Cancellation or Adjustment of Global Note. At such time as all beneficial interests in a Global Note have either
been exchanged for Definitive Notes, transferred, redeemed, repurchased or canceled, such Global Note shall be returned by the Depositary to the Trustee for cancellation or retained and canceled by the Trustee. At any time prior to such
cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes, transferred in exchange for an interest in another Global Note, redeemed, repurchased or canceled, the principal amount of Notes represented by such Global
Note shall be reduced and an adjustment shall be made on the books and records of the Trustee (if it is then the Custodian for such Global Note) with respect to such Global Note, by the Trustee or the Custodian, to reflect such reduction.

 (g) Obligations with Respect to Transfers and Exchanges of Notes. 

(i) To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall
authenticate, Definitive Notes and Global Notes at the Registrar’s request. 
 (ii) No service charge shall
be made for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax, assessments, or similar governmental charge payable in connection therewith (other than any such transfer taxes
or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.05, 2.09, 3.06, 4.12 and 10.05 of this Indenture). 
 (iii) Prior to the due presentation for registration of transfer of any Note, the Company, the Trustee, the Paying Agent or the Registrar may deem and treat the person in whose name a Note is registered
as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Note and for all other purposes whatsoever, whether or not such Note is overdue, and none of the Company, the Trustee, the Paying Agent or
the Registrar shall be affected by notice to the contrary. 
 (iv) All Notes issued upon any transfer or
exchange pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as the Notes surrendered upon such transfer or exchange. 

(h) No Obligation of the Trustee. 
 (i) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in the Depositary or any other Person with respect to the accuracy
of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the
Depositary) of any notice (including any notice of redemption or repurchase) or the payment of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be made to Holders under
the Notes shall be given or made only to the registered Holders (which shall be the Depositary or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note shall be exercised only through the Depositary subject to
the applicable rules and procedures of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its members, participants and any beneficial owners. 

(ii) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any
restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer 

  
 8 

 
of any interest in any Note (including any transfers between or among Depositary participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates
and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements
hereof. 
 (iii) Exchange Offer. Upon the occurrence of the Exchange Offer in accordance with the
Registration Rights Agreement, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 of this Indenture, the Trustee shall authenticate (i) one or more Global Notes without the Restricted Notes
Legend in an aggregate principal amount equal to the principal amounts of the beneficial interests in the Global Notes tendered for acceptance by Persons that provide in the applicable letters of transmittal such certifications as are required by
the Registration Rights Agreement and applicable law, and accepted for exchange in the Exchange Offer and (ii) Definitive Notes without the Restricted Notes Legend in an aggregate principal amount equal to the principal amount of the Definitive
Notes tendered for acceptance by Persons that provide in the applicable letters of transmittal such certification as are required by the Registration Rights Agreement and applicable law, and accepted for exchange in the Exchange Offer. Concurrently
with the issuance of such Notes, the Trustee shall cause the aggregate principal amount of the applicable Global Notes with the Restricted Notes Legend to be reduced accordingly, and the Company shall execute and the Trustee shall authenticate and
mail to the Persons designated by the Holders of the Definitive Notes so accepted Definitive Notes without the Restricted Notes Legend in the applicable principal amount. Any Notes that remain outstanding after the consummation of the Exchange
Offer, and Exchange Notes issued in connection with the Exchange Offer, shall be treated as a single class of securities under this Indenture. 

Section 2.4 Definitive Notes. 
 (a) A Global Note deposited with the Depositary or with the Trustee as Custodian pursuant to Section 2.1 shall be transferred to the beneficial owners thereof in the form of Definitive Notes in
an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, only if such transfer complies with Section 2.3 and (i) the Depositary notifies the Company that it is unwilling or unable
to continue as a Depositary for such Global Note or if at any time the Depositary ceases to be a “clearing agency” registered under the Exchange Act and, in each case, a successor depositary is not appointed by the Company within
90 days of such notice or after the Company becomes aware of such cessation, or (ii) an Event of Default has occurred and is continuing or (iii) the Company, in its sole discretion and subject to the procedures of the Depositary,
notifies the Trustee in writing that it elects to cause the issuance of certificated Notes under this Indenture. In addition, any Affiliate of the Company that is a beneficial owner of all or part of a Global Note may have such Affiliate’s
beneficial interest transferred to such Affiliate in the form of a Definitive Note, by providing a written request to the Company and the Trustee and such Opinions of Counsel, certificates or other information as may be required by this Indenture or
the Company or Trustee. 
 (b) Any Global Note that is transferable to the beneficial owners thereof pursuant to this
Section 2.4 shall be surrendered by the Depositary to the Trustee, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver, upon such transfer of each portion of such Global
Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this Section shall be executed, authenticated and delivered only in denominations of $2,000 and integral
multiples of $1,000 in excess thereof and registered in such names as the Depositary shall direct. Any certificated Initial Note or Additional Note in the form of a Definitive Note delivered in exchange for an interest in the Global Note shall,
except as otherwise provided by Section 2.3(e), bear the Restricted Notes Legend. 

  
 9 

  
 (c) Subject to
the provisions of Section 2.4(b), the registered Holder of a Global Note may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder
is entitled to take under this Indenture or the Notes. 
 (d) In the event of the occurrence of any of the events specified
in Section 2.4(a)(i), (ii) or (iii), the Company shall promptly make available to the Trustee a reasonable supply of Definitive Notes in fully registered form without interest coupons. 

  
 10 

  
 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [INSERT IN TRANSFER RESTRICTED NOTE: THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR
OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT
FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH
SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS [IN THE CASE OF RULE 144A NOTES: ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES
AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY),] [IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE DATE ON
WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION S], ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF,
(B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A
PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN
RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN
A MINIMUM PRINCIPAL AMOUNT OF SECURITIES OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR
TRANSFER PURSUANT TO CLAUSES (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE
RESALE RESTRICTION TERMINATION DATE. [IN THE CASE OF REGULATION S NOTES: BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN
OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT.] 
 BY ITS ACQUISITION OF THIS SECURITY, THE
HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE
U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, 

  
 A-1

 
INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER
FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH
PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR
LAWS. 
 [INSERT IN GLOBAL NOTE: UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS
OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 [INSERT IN DEFINITIVE NOTES: IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY
REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.] 

  
 A-2

  
 CUSIP
[            ] 
 ISIN
[            ]1 
 [RULE 144A][REGULATION S][IAI][GLOBAL] NOTE 

[9.500% Senior Note due 2018] [9.875% Senior Note due 2020] 

 

	 No. R[A][S][IAI] 
	 [Up to] [$            ] 

[GENON ESCROW CORP.][RRI Energy, Inc.]2 
 promises to pay to [CEDE & CO.]3 or registered assigns, [$            (             Dollars)]4 [the principal sum set forth on the Schedule of Exchanges of
Interests in the Global Note attached hereto]3 on
October 15, [2018][2020]. 
 Interest Payment Dates: April 15 and October 15 

Record Dates: April 1 and October 1 

Reference is made to further provisions of this Note set forth on the reverse side hereof, which further provisions shall for all purposes have the same
effect as if set forth at this place. 
 IN WITNESS HEREOF, the Company has caused this instrument to be duly executed.

 Dated: 
  

			
	 [GENON ESCROW CORP.]

[RRI ENERGY, INC.]

		
	By:	 	  

		 	Name:
		 	Title:

  

	1	2018 Note Rule 144A Note CUSIP: 37244D AA7 2018 Note Rule 144A Note ISIN: US37244DAA72 2018 Note Regulation S Note CUSIP: U3720G AA2 2018 Note Regulation
S Note ISIN: USU3720GAA23 2018 Note AI Note CUSIP: 37244D AB5 2018 Note AI Note ISIN: US37244DAB55      2020 Note 144A Note CUSIP: 37244D AD1 2020 Note 144A Note ISIN: US37244DAD12 2020 Note Regulation S Note CUSIP: U3720G
AB0 2020 Note Regulation S Note ISIN: USU3720GAB06 2020 Note AI Note CUSIP: 37244D AE9 2020 Note AI Note ISIN: US37244DAE94 

  

	2	Insert GenOn Escrow Corp. prior to the Assumption and RRI Energy, Inc. thereafter. 

 

	3	Insert in Global Notes 

  

	4	Insert in Definitive Notes 

  
 A-3

  
 CERTIFICATE OF
AUTHENTICATION 
 This is one of the Notes referred to in the within-mentioned Indenture: 

 

			
	WILMINGTON TRUST COMPANY, as Trustee
		
	 By:
	 	  

		 	Authorized Signatory

 Dated: 

  
 A-4

  
 [FORM OF REVERSE
SIDE OF NOTE] 
 [9.500% Senior Note due 2018] [9.875% Senior Note due 2020] 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated.

 1. INTEREST. GenOn Escrow Corp., a Delaware corporation (the “Issuer”), promises to pay interest on the
principal amount of this Note at [9.500%] [9.875%] per annum from and including October 4, 2010 until maturity and shall pay Additional Interest, if any, payable pursuant to the Registration Rights Agreement referred to below. The Issuer shall
pay interest and Additional Interest, if any, semi-annually in arrears on April 15 and October 15 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (except to the extent provided in
Section 12.17 of the Indenture) (each, an “Interest Payment Date”). Interest on the Notes shall accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid or duly
provided for, from and including the date of original issuance; provided that the first Interest Payment Date shall be April 15, 2011. The Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy
Law) on overdue principal and premium, if any, from time to time on demand at the interest rate on the Notes; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest,
including Additional Interest, if any (without regard to any applicable grace periods) from time to time on demand at the interest rate on the Notes. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months.

 2. METHOD OF PAYMENT. The Issuer shall pay interest on the Notes to the Persons who are registered holders of Notes at the
close of business on April 1 or October 1 (whether or not a Business Day), as the case may be, next preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest Payment Date,
except as provided in Section 2.12 of the Indenture with respect to defaulted interest. Principal of, premium, if any, and interest on the Notes shall be payable at the office or agency of the Issuer maintained for such purpose or, at the
option of the Issuer, payment of interest may be made by check mailed to the Holders at their respective addresses set forth in the Note Register; provided that payment by wire transfer of immediately available funds shall be required with
respect to principal of and interest, including Additional Interest, if any, premium on, all Global Notes and all other Notes the Holders of which shall have provided wire transfer instructions to the Issuer or the Paying Agent at least ten days
prior to the applicable payment date. Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

3. PAYING AGENT AND REGISTRAR. Initially, Wilmington Trust Company., the Trustee under the Indenture, shall act as Paying Agent and
Registrar. The Issuer may change any Paying Agent or Registrar without notice to the Holders. The Issuer or any of its Subsidiaries may act in any such capacity. 
 4. INDENTURE. The Issuer issued the Notes under an Indenture, dated as of October 4, 2010 (the “Indenture”), between the Issuer and the Trustee. This Note is one of a duly authorized
issue of notes of the Issuer designated as its [9.500% Senior Notes due 2018] [9.875% Senior Notes due 2020]. The Issuer shall be entitled to issue [2018 Additional Notes] [2020 Additional Notes] pursuant to Section 2.01 of the Indenture. The
terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). The Notes are subject to all such terms, and
Holders are referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be
controlling. 
 5. ESCROW; ASSUMPTION SPECIAL MANDATORY REDEMPTION 

The Notes will initially be issued by the Issuer, a wholly-owned subsidiary of Mirant. On the Issue Date of the Notes, the Issuer,
Mirant, RRI, the Trustee and the Escrow Agent shall enter into the Escrow 

  
 A-5

 
Agreement. In connection therewith, funds sufficient to pay the redemption price of the Notes on the Special Redemption Date will be deposited into the Escrow Account. The Issuer will grant the
Trustee, for the benefit of the Holders, a first priority security interest in the Escrow Account and all deposits therein to secure the obligations under the Notes pending disbursement as described below. 

If on or prior to on the Special Redemption Date, the conditions set forth in the Escrow Agreement are fulfilled and RRI delivers to the
Escrow Agent a specified Officers’ Certificate, the Issuer shall merge with and into RRI, with RRI as the surviving entity. Upon consummation of the merger, RRI will assume all of the obligations of the Issuer under the Indenture and the Notes
(the “Assumption”), which merger will be permitted notwithstanding anything to the contrary in the Indenture. Upon the Assumption, all references to “Issuer” in the Indenture and this Note shall thereafter mean RRI and the
obligations of RRI will become effective. 
 If the conditions set forth in the Escrow Agreement shall not have been fulfilled
prior to December 31, 2010 or, in the event of an extension pursuant to Section 7.1(b) of the Merger Agreement, March 31, 2011 or certain other events occur, the Escrow Agent, pursuant to the Escrow Agreement, shall, without the
requirement of notice to or action by the Issuer, the Trustee or any other Person, notify the Trustee in writing that all of the Notes shall be subject to a special redemption , upon not less than one Business Day’s and no more than ten
Business Days’ notice (or such other minimum period as is required by DTC) (the “Special Redemption Date”). On the Special Redemption Date, the Notes shall be redeemed, in whole but not in part, at a redemption price equal to
100% of the issue price of the Notes, plus accrued and unpaid interest, from, and including, the Issue Date to, but excluding, the redemption date. 
 6. REDEMPTION AND REPURCHASE. The Notes are subject to optional redemption, and may be the subject of a Change of Control Offer, as further described in the Indenture. Except as provided in
Section 3.09 of the Indenture, the Issuer shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes. 
 7. DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be
registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents, and Holders shall be required to pay any taxes
and fees required by law or permitted by the Indenture. The Issuer need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. 

8. PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as its owner for all purposes. 

9. AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture or the Notes may be amended or supplemented as provided in the Indenture. 

10. DEFAULTS AND REMEDIES. The Events of Default relating to the Notes are defined in Section 6.01 of the Indenture. Upon the
occurrence of an Event of Default, the rights and obligations of the Issuer, the Trustee and the Holders shall be as set forth in the applicable provisions of the Indenture. 
 11. AUTHENTICATION. This Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose until authenticated by the manual signature of the Trustee. 

12. ADDITIONAL RIGHTS OF HOLDERS OF TRANSFER RESTRICTED NOTES. In addition to the rights provided to Holders under the Indenture, Holders
of Transfer Restricted Notes shall have all the rights set forth in the Registration Rights Agreement, dated as of October 4, 2010, among RRI and the other parties named on the signature pages thereof (the “Registration Rights
Agreement”), including the right to receive Additional Interest. 

  
 A-6

  
 12. GOVERNING LAW. THE
LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THE INDENTURE AND THE NOTES. 
 13. CUSIP AND ISIN NUMBERS.
Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP and ISIN numbers to be printed on the Notes, and the Trustee may use CUSIP and ISIN numbers in notices of redemption
as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.

 The Issuer shall furnish to any Holder upon written request and without charge a copy of the Indenture and/or the
Registration Rights Agreement. Requests may be made to the Issuer at the following address: 
 GenOn Escrow Corp. 

c/o Mirant Corporation 
 1155 Perimeter Center West 
 Atlanta, GA 30338 

Fax No.: (678)579-5951 
 Email: steve.nickerson@mirant.com 
 Attention: Gary Garcia 

c/c Steven B. Nickerson 

  
 A-7

  
 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	 (I) or (we) assign and transfer this Note to:
	 	  

		 	(Insert assignee’s legal name)

   
  
 (Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
   

 
   

 
   

 
 (Print or type assignee’s
name, address and zip code) 
 and irrevocably
appoint                                        
                                         
                                         
                                         
          to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
 Date:
                                         
    
  

			
	Your Signature:	 	 
		 	(Sign exactly as your name appears on the face of this Note)

 Signature Guarantee*:
                                         
                    
  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-8

  
 CERTIFICATE TO BE
DELIVERED UPON EXCHANGE OR 
 REGISTRATION OF TRANSFER RESTRICTED NOTES 
 This certificate relates to $             principal amount of Notes held in (check applicable space)
             book-entry or              definitive form by the undersigned. 

The undersigned (check one box below): 
  

	 ̈	has requested the Trustee by written order to deliver in exchange for its beneficial interest in the Global Note held by the Depositary a Note or Notes in definitive,
registered form of authorized denominations and in an aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof indicated above) in accordance with the Indenture; or 

 

	 ̈	has requested the Trustee by written order to exchange or register the transfer of a Note or Notes. 

In connection with any transfer of any of the Notes evidenced by this certificate occurring prior to the expiration of the applicable holding period
referred to in Rule 144 under the Securities Act, the undersigned confirms that such Notes are being transferred in accordance with their terms: 
 CHECK ONE BOX BELOW 
  

					
	 (1)
	  	 ̈	  	to the Issuer or subsidiary thereof; or
			
	 (2)
	  	 ̈	  	to the Registrar for registration in the name of the Holder, without transfer; or
			
	 (3)
	  	 ̈	  	pursuant to an effective registration statement under the Securities Act of 1933; or
			
	 (4)
	  	 ̈	  	inside the United States of America to a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933) that purchases for its own account
or for the account of a qualified institutional buyer and to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the Securities Act of 1933;
or
			
	 (5)
	  	 ̈	  	outside the United States of America in an offshore transaction within the meaning of Regulation S under the Securities Act of 1933 in compliance with Rule 904 under the
Securities Act of 1933 (and if the transfer is being made prior to the expiration of the Distribution Compliance Period, the Notes shall be held immediately thereafter through Euroclear or Clearstream); or
			
	 (6)
	  	 ̈	  	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933) that has furnished to the Trustee a
signed letter containing certain representations and agreements; or
			
	 (7)
	  	 ̈	  	pursuant to Rule 144 or another available exemption from registration under the Securities Act of 1933.

  
 A-9

  
 Unless one of the
boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (4), (5), (6) or
(7) is checked, the Issuer or the Trustee may require, prior to registering any such transfer of the Notes, such legal opinions, certifications and other information as the Issuer has reasonably requested to confirm that such transfer is being
made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. 
  

	
	  
	Your Signature

  

			
	Signature Guarantee:	  	
		
	 Date: 
                                         
                                         
              
	  	  

	Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor acceptable to the Trustee	  	 Signature of Signature Guarantor

 TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED 
 The undersigned
represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the
meaning of Rule 144A under the Securities Act of 1933, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested
pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by
Rule 144A. 
  

			
	
Dated:                       
                                         
                                
	  	  

		  	NOTICE: To be executed by an executive officer

 TO BE COMPLETED IF THE HOLDER REQUESTS AN EXCHANGE PURSUANT TO SECTION 2.3(d)(iii) OF APPENDIX A TO THE INDENTURE 
 The undersigned represents and warrants that either: 
  

	 	 ̈	the undersigned is a non-U.S. person (within the meaning of Regulation S under the Securities Act of 1933); or 

 

	 	 ̈	the undersigned is a U.S. person (within the meaning of Regulation S under the Securities Act of 1933) who purchased interests in the Notes pursuant to an exemption
from, or in a transaction not subject to the registration requirements under the Securities Act. 

  

			
	
Dated:                       
                                         
                                
	  	  

  
 A-10

  
 OPTION OF HOLDER TO
ELECT PURCHASE 
 If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.12 of the Indenture,
check here: [    ] 
 If you want to elect to have only part of this Note purchased by the Issuer pursuant
to Section 4.12 of the Indenture, state the amount you elect to have purchased: 
  

			
	$            	 	(integral multiples of $1,000, provided that the unpurchased portion must be in a minimum principal amount of $2,000)

Date:                      

 

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)
	
	Tax Identification
No.:                    

 Signature Guarantee*:
                                 

 

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

  
 A-11

  
 SCHEDULE OF EXCHANGES
OF INTERESTS IN THE GLOBAL NOTE* 
 The initial outstanding principal amount of this Global Note is
$            . The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global or Definitive
Note for an interest in this Global Note, have been made: 
  

																	
	 Date of
Exchange
	  	Amount of
decrease
in Principal
Amount	 	  	Amount of increase
in Principal
Amount of this
Global Note	 	  	Principal Amount
of
this Global Note
following such
decrease or
increase	 	  	Signature of
authorized
signatory of
Trustee or
Custodian	 
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			
		  				  				  				  			

  

	*	This schedule should be included only if the Note is issued in global form 

  
 A-12

  
 EXHIBIT B 

FORM OF 

TRANSFEREE LETTER OF REPRESENTATION 
 GenOn Escrow Corp. 
 c/o Mirant Corporation 

1155 Perimeter Center West 
 Atlanta, GA 30338

 Fax No.: (678) 579-5951 
 Email:
steve.nickerson@mirant.com 
 Attention: Steven B. Nickerson 
 GenOn Energy, Inc. 
 1000 Main Street, 21st Floor 
 Houston, TX 77002 
 Fax: (832) 357-9289 

Attention: Andrew Johannesen 
 Wilmington Trust
Company 
 Rodney Square North 
 1100
North Market Street 
 Wilmington, DE 19890 
 Fax: (302) 636-4145 
 Attention: Corporate Capital Markets 

Ladies and Gentlemen: 
 This
certificate is delivered to request a transfer of [$[            ] principal amount of the 9.500% Senior Notes due 2018 (the “2018
Notes”)][$[            ] principal amount of the 9.875% Senior Notes due 2020 (the “2020 Notes”)] of GenOn Escrow Corp. (the “Issuer”).

 Upon transfer, the [2018 Notes][2020 Notes] would be registered in the name of the new beneficial owner as follows:

Name:                        
                     

Address:                       
                  
 Taxpayer ID
Number:                   

The undersigned represents and warrants to you that: 
 1. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended (the “Securities Act”)),
purchasing for our own account or for the account of such an institutional “accredited investor” at least $250,000 principal amount of the [2018 Notes][2020 Notes], and we are acquiring the [2018 Notes][2020 Notes], for investment purposes
and not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our
investment in the [2018 Notes][2020 Notes], and we invest in or purchase securities similar to the [2018 Notes][2020 Notes] in the normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk
of our or its investment. 
 2. We understand that the [2018 Notes][2020 Notes] have not been registered under the Securities
Act and, unless so registered, may not be sold except as permitted in the following sentence. We agree on our own behalf 

  
 B-1

 
and on behalf of any investor account for which we are purchasing [2018 Notes][2020 Notes] to offer, sell or otherwise transfer such Notes prior to the date that is one year after the later of
the date of original issue and the last date on which the Issuer or any affiliate of the Issuer was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only (a) to the Issuer,
(b) pursuant to a registration statement that has been declared effective under the Securities Act, (c) in a transaction complying with the requirements of Rule 144A under the Securities Act (“Rule 144A”), to a person
we reasonably believe is a qualified institutional buyer under Rule 144A (a “QIB”) that is purchasing for its own account or for the account of a QIB and to whom notice is given that the transfer is being made in reliance on
Rule 144A, (d) pursuant to offers and sales that occur outside the United States of America within the meaning of Regulation S under the Securities Act, (e) to an institutional “accredited investor” within the meaning of Rule
501(a)(1), (2), (3) or (7) under the Securities Act that is purchasing for its own account or for the account of such an institutional “accredited investor,” in each case in a minimum principal amount of Notes of $250,000, for
investment purposes and not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act or (f) pursuant to any other available exemption from the registration requirements of the Securities Act,
subject in each of the foregoing cases to any requirement of law that the disposition of our property or the property of such investor account or accounts be at all times within our or their control and in compliance with any applicable state
securities laws. The foregoing restrictions on resale will not apply subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the [2018 Notes][2020 Notes] is proposed to be made pursuant to clause (e) above
prior to the Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee substantially in the form of this letter to the Issuer and the Trustee, which shall provide, among other things, that the transferee is an
institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act and that it is acquiring such Notes for investment purposes and not for distribution in violation of the
Securities Act. Each purchaser acknowledges that the Issuer and the Trustee reserve the right prior to the offer, sale or other transfer prior to the Resale Restriction Termination Date of the [2018 Notes][2020 Notes] pursuant to clause (c),
(d), (e) or (f) above to require the delivery of an opinion of counsel, certifications or other information satisfactory to the Issuer and the Trustee. 

TRANSFEREE:                 
   , 

by:                   
                          

  
 B-2

  
 EXHIBIT C

 FORM OF SUPPLEMENTAL INDENTURE FOR ESCROW MERGER 
 This Supplemental Indenture (this “Supplemental Indenture”) is entered into as of
[                    ], 20     by and among GenOn Escrow Corp., a Delaware corporation (the “Issuer”),
RRI Energy Inc., a Delaware corporation (“Successor”) and Wilmington Trust Company (the “Trustee”), as Trustee under the Indenture referred to below. 

W I T N E S S E T H 
 WHEREAS, the Issuer has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of October 4, 2010, providing for the issuance of an aggregate
principal amount of $675.0 million of 9.500% Senior Notes due 2018 (the “2018 Notes”) and $550.0 million of 9.875% Senior Notes due 2020 (the “2020 Notes” and, together with the 2018 Notes, the
“Notes”). 
 WHEREAS, the Issuer and Successor have entered into a Merger Agreement, dated as of
[                    ], 201[    ] (the “Merger Agreement”), which provides for the merger of Issuer with and
into Successor (the “Escrow Merger”), with Successor continuing its existence under Delaware law; 
 WHEREAS, the
Escrow Merger shall become effective upon the filing of the Certificate of Merger with the Secretary of State of the State of Delaware; 
 WHEREAS, Section 5.01 of the Indenture provides, among other things, that Issuer shall not be prevented from merging with or into Successor; 

WHEREAS, Section 10.01 of the Indenture provides that the Issuer and the Trustee may, without the consent of the Holders of
Notes, enter into a supplemental indenture for the purposes of evidencing the succession of another Person to the Issuer; 

WHEREAS, each of the Issuer and the Successor has been duly authorized to enter into this Supplemental Indenture; and 

WHEREAS, all acts, conditions, proceedings and requirements necessary to make this Supplemental Indenture a valid, binding and legal
agreement enforceable in accordance with its terms for the purposes expressed herein, in accordance with its terms, have been duly done and performed. 
 NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained herein, and for other good and valuable consideration the receipt of which is hereby acknowledged, the Issuer,
Successor and the Trustee hereby agree as follows: 
 1. Capitalized Terms. Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture. 
 2. Representations of Issuer and Successor. Each
of the Issuer and Successor represents and warrants to the Trustee as follows: 
 (a) It is a Delaware corporation duly
organized, validly existing and in good standing under the laws of the State of Delaware. 
 (b) The execution, delivery and
performance by it of this Supplemental Indenture have been authorized and approved by all necessary corporate action on its part. 
 (c) Upon the filing and acceptance for record of the Certificate of Merger by the Secretary of State of the State of Delaware or at such other time thereafter as is provided in the Certificate of Merger
(the “Merger 

  
 C-1

 
Effective Time”), the Escrow Merger will be effective in accordance with the terms of the Escrow Merger Agreement and Delaware law. 

3. Assumption and Agreement of Successor. 
 (a) In accordance with Sections 5.01 and 10.1 of the Indenture, Successor hereby expressly assumes all of the obligations of Issuer under the Notes and the Indenture. Successor hereby confirms that its
obligations under the Registration Rights Agreement shall remain in full force and effect. 
 (b) Successor shall succeed to,
and be substituted for, and may exercise every right and power of, the Issuer under the Indenture and the Notes with the same effect as if Successor had been named as “Issuer” in the Indenture and the Notes; and thereafter the Issuer shall
be fully released from its obligations under the Indenture and the Notes. 
 4. Effective Time. This Supplemental
Indenture shall become effective as of the Merger Effective Time. 
 5. Governing Law. THIS SUPPLEMENTAL INDENTURE WILL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 6. Severability. In case any
provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective
only to the extent of such invalidity, illegality or unenforceability. 
 7. Effects of the Indenture and the Notes.
Except as expressly amended hereby, the Indenture and the Notes are in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of
the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture or
with respect to the recitals contained herein, all of which recitals are made solely by the other parties hereto. 
 8.
Waiver of Jury Trial. EACH OF THE ISSUER, SUCCESSOR AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS
SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 9. 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. 
 10. Headings. The headings of the Sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and
shall in no way modify or restrict any of the terms or provisions hereof. 

  
 C-2

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

			
	GENON ESCROW CORP.
		
	By:	 	 
		 	Name:
		 	Title:
	
	RRI ENERGY, INC.
		
	By:	 	 
		 	Name:
		 	Title:
	
	WILMINGTON TRUST COMPANY, as Trustee
		
	By:	 	 
		 	Name:
		 	Title:

  
 C-3Credit Agreement

  
 Exhibit 10.1

 $1,488,000,000 
 CREDIT AGREEMENT 
 among 

RRI ENERGY, INC. (TO BE RENAMED GENON ENERGY, INC.), 
 as a Borrower, 
 MIRANT AMERICAS, INC. (TO BE RENAMED GENON AMERICAS, INC.),

 as a Borrower, 
 The Several Lenders from Time to Time Parties Hereto, 
 JPMORGAN CHASE BANK, N.A.,

 as Administrative Agent, 
 CREDIT SUISSE SECURITIES (USA) LLC 
 and 

DEUTSCHE BANK SECURITIES INC., 
 as Co-Syndication Agents 
 Dated as of September 20, 2010 

 
  
 J.P. MORGAN SECURITIES LLC, CREDIT SUISSE SECURITIES (USA) LLC, 
 DEUTSCHE BANK
SECURITIES INC., GOLDMAN SACHS BANK USA and MORGAN 
 STANLEY SENIOR FUNDING, INC., 

as Co-Lead Arrangers and Joint Bookrunners, 
 RBC CAPITAL MARKETS and THE ROYAL BANK OF SCOTLAND PLC, 
 as Co-Lead Arrangers

 and 

GOLDMAN SACHS BANK USA and MORGAN STANLEY SENIOR FUNDING, INC., 
 as Co-Documentation Agents 
  

 
 $788,000,000
Revolving Facility 
 $700,000,000 Term Facility 

  
 TABLE OF CONTENTS

  

							
	 	  	 	  	Page	 
	 SECTION 1. DEFINITIONS
	  	 	5	  
			
	 1.1.
	  	 Defined Terms
	  	 	5	  
	 1.2.
	  	 Other Definitional Provisions
	  	 	29	  
		
	 SECTION 2. AMOUNT AND TERMS OF COMMITMENTS
	  	 	30	  
			
	 2.1.
	  	 Term Commitments
	  	 	30	  
	 2.2.
	  	 Procedure for Term Loan Borrowing
	  	 	30	  
	 2.3.
	  	 Repayment of Term Loans
	  	 	30	  
	 2.4.
	  	 Revolving Commitments
	  	 	30	  
	 2.5.
	  	 Procedure for Revolving Loan Borrowing
	  	 	31	  
	 2.6.
	  	 Commitment Fees, etc.
	  	 	31	  
	 2.7.
	  	 Termination or Reduction of Revolving Commitments
	  	 	31	  
	 2.8.
	  	 Optional Prepayments
	  	 	31	  
	 2.9.
	  	 Mandatory Prepayments
	  	 	32	  
	 2.10.
	  	 Conversion and Continuation Options
	  	 	33	  
	 2.11.
	  	 Limitations on Eurodollar Tranches
	  	 	33	  
	 2.12.
	  	 Interest Rates and Payment Dates
	  	 	33	  
	 2.13.
	  	 Computation of Interest and Fees
	  	 	34	  
	 2.14.
	  	 Inability to Determine Interest Rate
	  	 	34	  
	 2.15.
	  	 Pro Rata Treatment and Payments
	  	 	34	  
	 2.16.
	  	 Requirements of Law
	  	 	36	  
	 2.17.
	  	 Taxes
	  	 	37	  
	 2.18.
	  	 Indemnity
	  	 	39	  
	 2.19.
	  	 Change of Lending Office
	  	 	39	  
	 2.20.
	  	 Replacement of Lenders
	  	 	39	  
	 2.21.
	  	 Incremental Term Loan Commitments
	  	 	40	  
	 2.22.
	  	 Incremental Revolving Commitments
	  	 	42	  
	 2.23.
	  	 Defaulting Lenders
	  	 	43	  
	 2.24.
	  	 Joint and Several Liability
	  	 	44	  
		
	 SECTION 3. LETTERS OF CREDIT
	  	 	44	  
			
	 3.1.
	  	 L/C Commitment
	  	 	44	  
	 3.2.
	  	 Procedure for Issuance of Letters of Credit
	  	 	45	  
	 3.3.
	  	 L/C Fees and Other Charges
	  	 	45	  
	 3.4
	  	 L/C Participations
	  	 	45	  
	 3.5.
	  	 L/C Reimbursement Obligation of the Borrowers
	  	 	46	  
	 3.6.
	  	 Obligations Absolute
	  	 	47	  
	 3.7.
	  	 Letter of Credit Payments
	  	 	47	  
	 3.8.
	  	 Applications
	  	 	47	  
	 3.9.
	  	 Existing Letters of Credit
	  	 	47	  
		
	 SECTION 4. REPRESENTATIONS AND WARRANTIES
	  	 	47	  
			
	 4.1.
	  	 Organization; Power and Authority
	  	 	47	  
	 4.2.
	  	 Due Authorization
	  	 	48	  
	 4.3.
	  	 Governmental Approval
	  	 	48	  
	 4.4.
	  	 Binding and Enforceable
	  	 	48	  
	 4.5.
	  	 No Violation
	  	 	48	  
	 4.6.
	  	 No Default
	  	 	48	  
	 4.7.
	  	 Litigation
	  	 	48	  
	 4.8.
	  	 Financial Condition
	  	 	48	  

  
 i 

							
	 4.9.
	  	 Material Adverse Change
	  	 	48	  
	 4.10.
	  	 Investment Company Act
	  	 	49	  
	 4.11.
	  	 Environmental Matters
	  	 	49	  
	 4.12.
	  	 Accuracy of Information, etc
	  	 	49	  
	 4.13.
	  	 Employee Benefit Plans
	  	 	49	  
	 4.14.
	  	 Tax Returns and Payments
	  	 	49	  
	 4.15.
	  	 Security Documents
	  	 	49	  
	 4.16.
	  	 Ownership of Property
	  	 	49	  
	 4.17.
	  	 Subsidiaries
	  	 	49	  
		
	 SECTION 5. CONDITIONS PRECEDENT
	  	 	50	  
			
	 5.1.
	  	 Conditions to Initial Extension of Credit
	  	 	50	  
	 5.2.
	  	 Conditions to Each Extension of Credit
	  	 	52	  
		
	 SECTION 6. AFFIRMATIVE COVENANTS
	  	 	53	  
			
	 6.1.
	  	 Compliance with Law; Maintenance of Existence
	  	 	53	  
	 6.2.
	  	 Financial Statements
	  	 	53	  
	 6.3.
	  	 Certificates; Other Information
	  	 	53	  
	 6.4.
	  	 Notices
	  	 	54	  
	 6.5.
	  	 Inspection
	  	 	54	  
	 6.6.
	  	 Maintenance of Property; Insurance
	  	 	55	  
	 6.7.
	  	 Subsequent Acquired Property; New Subsidiaries
	  	 	55	  
	 6.8.
	  	 Collateral Information
	  	 	56	  
	 6.9.
	  	 Further Assurances
	  	 	56	  
	 6.10.
	  	 Use of Proceeds
	  	 	56	  
	 6.11.
	  	 New York Regulatory Approvals
	  	 	56	  
		
	 SECTION 7. FINANCIAL COVENANT
	  	 	57	  
			
	 7.1.
	  	 Consolidated Secured Leverage Ratio
	  	 	57	  
		
	 SECTION 8. NEGATIVE COVENANTS
	  	 	57	  
			
	 8.1.
	  	 Debt
	  	 	57	  
	 8.2.
	  	 Restricted Payments
	  	 	57	  
	 8.3.
	  	 Liens
	  	 	59	  
	 8.4.
	  	 Mergers
	  	 	61	  
	 8.5.
	  	 Asset Sales
	  	 	61	  
	 8.6.
	  	 Investments
	  	 	61	  
	 8.7.
	  	 Transactions with Affiliates
	  	 	63	  
	 8.8.
	  	 Sales and Leasebacks
	  	 	63	  
	 8.9.
	  	 Changes in Fiscal Periods
	  	 	63	  
		
	 SECTION 9. EVENTS OF DEFAULT
	  	 	63	  
		
	 SECTION 10. THE AGENTS
	  	 	66	  
			
	 10.1.
	  	 Appointment
	  	 	66	  
	 10.2.
	  	 Delegation of Duties
	  	 	66	  
	 10.3.
	  	 Exculpatory Provisions
	  	 	66	  
	 10.4.
	  	 Reliance by Administrative Agent
	  	 	67	  
	 10.5.
	  	 Notice of Default
	  	 	67	  
	 10.6.
	  	 Non-Reliance on Agents and Other Lenders
	  	 	67	  
	 10.7.
	  	 Indemnification
	  	 	67	  
	 10.8.
	  	 Agent in Its Individual Capacity
	  	 	68	  

  
 ii 

							
	 10.9.
	  	 Successor Administrative Agent
	  	 	68	  
	 10.10.
	  	 Co-Syndication Agents and Co-Documentation Agents
	  	 	68	  
		
	 SECTION 11. MISCELLANEOUS
	  	 	68	  
			
	 11.1.
	  	 Amendments and Waivers
	  	 	68	  
	 11.2.
	  	 Notices
	  	 	71	  
	 11.3.
	  	 No Waiver; Cumulative Remedies
	  	 	72	  
	 11.4.
	  	 Survival of Representations and Warranties
	  	 	72	  
	 11.5.
	  	 Payment of Expenses and Taxes
	  	 	72	  
	 11.6.
	  	 Successors and Assigns; Participations and Assignments
	  	 	74	  
	 11.7.
	  	 Adjustments; Set-off
	  	 	76	  
	 11.8.
	  	 Counterparts
	  	 	77	  
	 11.9.
	  	 Severability
	  	 	77	  
	 11.10.
	  	 Integration
	  	 	77	  
	 11.11.
	  	 GOVERNING LAW
	  	 	77	  
	 11.12.
	  	 Submission To Jurisdiction; Waivers
	  	 	77	  
	 11.13.
	  	 Acknowledgements
	  	 	78	  
	 11.14.
	  	 Releases of Guarantees and Liens
	  	 	78	  
	 11.15.
	  	 Confidentiality
	  	 	78	  
	 11.16.
	  	 WAIVERS OF JURY TRIAL
	  	 	79	  
	 11.17.
	  	 Delivery of Addenda
	  	 	79	  
	 11.18.
	  	Termination by the Company Prior to Closing Date or for Failure of Closing Date to Occur.	  	 	79	  

  
 iii

  

			
	SCHEDULES:
		
	 1.1A
	  	Commitments
	 1.1B
	  	Mortgaged Property
	 1.1C
	  	Immaterial Subsidiaries
	 1.1D
	  	Unrestricted Subsidiaries
	 4.15(a)
	  	UCC Filing Jurisdictions
	 4.17
	  	Subsidiaries
	 8.3(k)
	  	Existing Liens
	 8.6(l)
	  	Existing Investments
	
	EXHIBITS:
		
	 A
	  	Form of Guarantee Agreement
	 B
	  	Form of Security Agreement
	 C
	  	Form of Collateral Trust Agreement
	 D
	  	Form of Compliance Certificate
	 E-1
	  	Form of Closing Certificate
	 E-2
	  	Form of Secretary’s Certificate
	 F-1
	  	Form of Incremental Term Loan Commitment Agreement
	 F-2
	  	Form of Incremental Revolving Commitment Agreement
	 G
	  	Form of Assignment and Assumption
	 H-1
	  	Form of JPMCB Letter of Credit Application
	 H-2
	  	Form of DBNY Letter of Credit Application
	 I
	  	Form of Exemption Certificate
	 J
	  	Form of Lender Addendum

  
 iv 

  
 CREDIT AGREEMENT (this
“Agreement”), dated as of September 20, 2010, among RRI ENERGY, INC. (to be renamed GENON ENERGY, INC. on the Closing Date (as defined herein)), a Delaware corporation (the “Company”), from and after Closing
Date, MIRANT AMERICAS, INC. (to be renamed GENON AMERICAS, INC. on the Closing Date), a Delaware corporation (“GAI”; each of GAI and the Company, a “Borrower” and, together, the “Borrowers”), the
several banks and other financial institutions or entities from time to time parties to this Agreement (the “Lenders”), CREDIT SUISSE SECURITIES (USA) LLC and DEUTSCHE BANK SECURITIES INC., as co-syndication agents (in such
capacity, the “Co-Syndication Agents”), GOLDMAN SACHS BANK USA and MORGAN STANLEY SENIOR FUNDING, INC., as co-documentation agents (in such capacity, the “Co-Documentation Agents”) and JPMORGAN CHASE BANK, N.A.
(“JPMCB”), as administrative agent. 
 RECITALS 

WHEREAS, concurrently with the initial funding of Loans hereunder, RRI Energy Holdings, Inc. (“Merger Sub”), a Delaware
corporation and wholly-owned Subsidiary of RRI Energy, Inc. (“RRI”), a Delaware corporation, will merge (the “Merger”) with and into Mirant Corporation (“Mirant”), a Delaware corporation, as set
forth in the Agreement and Plan of Merger, dated as of April 11, 2010 (the “Merger Agreement”), by and among RRI, Merger Sub and Mirant; 
 WHEREAS, as a result of the Merger, Mirant will become a wholly-owned Subsidiary of RRI; 
 WHEREAS, in connection with the Merger, RRI will change its name to GenOn Energy, Inc. and certain existing Debt of MNA (as defined below) and RRI, as described in Section 5.22 of the Merger
Agreement, will be refinanced and related fees and expenses will be paid (the Merger, together with the refinancing and payment of related fees and expenses in connection therewith, the “Transaction”); 

WHEREAS, in connection with the Transaction, the Borrowers have requested the Lenders to make loans and other extensions of credit
available to them to enable them to refinance or replace certain Debt of MNA and the Company and for the Borrowers’ and their Subsidiaries’ working capital purposes and general corporate purposes, and the Lenders have agreed, subject to
the terms and conditions hereof, to enter into this Agreement; 
 Accordingly, the parties hereto hereby agree as follows:

 SECTION 1. DEFINITIONS 
 1.1. Defined Terms. As used in this Agreement, the terms listed in this Section 1.1 shall have the respective meanings set forth in this Section 1.1. 

“ABR”: for any day, a rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal
to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1% and (c) the Eurodollar Rate for a one-month Interest Period beginning on such day (or if such day is not a Business Day, the immediately preceding
Business Day) plus 1%. For purposes hereof, “Prime Rate” shall mean the rate of interest per annum publicly announced from time to time by JPMCB, as its prime rate in effect at its principal office in New York City (the Prime
Rate not being intended to be the lowest rate of interest charged by JPMCB, in connection with extensions of credit to debtors). Any change in the ABR due to a change in the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate shall
be effective as of the opening of business on the effective day of such change in the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate, respectively. 
 “ABR Loans”: Loans the rate of interest applicable to which is based upon the ABR. 

  
 5 

  

“Addendum”: an instrument, substantially in the form of Exhibit J, by which a Lender becomes a party to this
Agreement on or prior to or as of the Closing Date. 
 “Administrative Agent”: JPMCB, as the administrative
agent for the Lenders under this Agreement and the other Loan Documents, or any successor thereto. 
 “Affected
Loans”: as defined in Section 2.9(d). 
 “Affiliate”: as to any Person (other than an
individual), any other Person (other than an individual) that, directly or indirectly through one or more intermediaries, is in Control of, is Controlled by, or is under common Control with, such Person. 

“Agent Indemnitee”: as defined in Section 10.7. 

“Agents”: the collective reference to the Co-Syndication Agents, Co-Documentation Agents, the Administrative Agent and
the Collateral Agent. 
 “Aggregate Exposure”: with respect to any Lender at any time, an amount equal to
(a) until the Closing Date, the aggregate amount of such Lender’s Commitments at such time and (b) thereafter, the sum of (i) the aggregate then unpaid principal amount of such Lender’s Term Loans and Incremental Term Loans
and (ii) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding. 

“Aggregate Exposure Percentage”: with respect to any Lender at any time, the ratio (expressed as a percentage) of such
Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time. 

“Agreement”: as defined in the preamble hereto. 

“Applicable Margin”: with respect to (a) each Tranche and Type of Incremental Term Loans, the “Applicable
Margins” as set forth in the Incremental Term Loan Commitment Agreement governing such Tranche of Incremental Term Loans and (b) each other Type of Loan, the rate per annum set forth under the relevant column heading below: 

 

									
	 	  	ABR Loans	 	 	Eurodollar Loans	 
	 Revolving Loans
	  	 	2.50	% 	 	 	3.50	% 
	 Term Loans
	  	 	3.25	% 	 	 	4.25	% 

“Application”: with respect to (a) JPMCB and DBNY, an application substantially in the form of Exhibit H-1 and
Exhibit H-2, respectively, or such other form as such Issuing Lender may specify from time to time in connection with any request for a Letter of Credit, and (b) with respect to any other Issuing Lender, an application in such form as such
Issuing Lender may specify from time to time in connection with any request for a Letter of Credit. 
 “Approved
Fund”: as defined in Section 11.6(b). 
 “Arrangers”: the collective reference to J.P. Morgan
Securities Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs Credit Partners L.P. and Morgan Stanley Senior Funding, Inc. 
 “Asset Sale”: any Disposition or series of related Dispositions other than any Excluded Asset Sale. 

  
 6 

  

“Assignee”: as defined in Section 11.6(b). 
 “Assignment and Assumption”: an Assignment and Assumption, substantially in the form of Exhibit G. 
 “Attributable Debt”: on any date, (a) in respect of a sale and leaseback transaction, the present value of the obligation of the lessee for net rental payments during the remaining
term of the lease included in such sale and leaseback transaction including any period for which such lease has been extended or may, at the option of the lessor, be extended (such present value to be calculated using a discount rate equal to the
rate of interest implicit in such transaction, determined in accordance with GAAP; provided, that if such sale and leaseback transaction results in a Capital Lease Obligation, the amount of Debt represented thereby will be determined in
accordance with the definition of “Capital Lease Obligation”) and (b) in respect of any Synthetic Lease Obligation or financing lease, the amount of the remaining lease payments under the relevant lease that would as of such date be
required to be capitalized on a balance sheet in accordance with GAAP if such lease were accounted for as a Capital Lease Obligation. 
 “Available Amount”: (a) $250,000,000 plus (b) the Net Cash Proceeds received by the Company from the sale of Capital Stock since the Closing Date (other than from the
issuance of Disqualified Stock) not otherwise committed or required to be used to prepay Debt plus (c) the greater of zero and the FCF Percentage of any Free Cash Flow minus (d) Restricted Payments and Investments made in
reliance on the Available Amount since the Closing Date. 
 “Available Revolving Commitment”: as to any
Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding. 

“Bankruptcy Event”: with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency
proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, has taken any action in
furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment; provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any
ownership interest, in such Person or a parent company thereof by a Governmental Authority or instrumentality thereof, as long as such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within
the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such
Person. 
 “Benefitted Lender”: as defined in Section 11.7(a). 

“Board”: the Board of Governors of the Federal Reserve System of the United States (or any successor). 

“Borrower” and “Borrowers”: as defined in the preamble hereto. 

“Borrowing Date”: any Business Day specified by the Company as a date on which the Company requests the relevant Lenders
to make Loans hereunder. 
 “Business Day”: a day other than a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to close, provided, that with respect to notices and determinations in connection with, and payments of principal and interest on, Eurodollar Loans, such day is also a day
for trading by and between banks in Dollar deposits in the interbank eurodollar market. 
 “Capital
Expenditures”: for any period, with respect to any Person, the aggregate of all expenditures by such Person and its Subsidiaries for the acquisition or leasing (pursuant to a capital lease) of fixed or capital

  
 7 

 
assets or additions to equipment (including replacements, repairs and improvements during such period) that should be capitalized under GAAP on a consolidated balance sheet of such Person and its
Subsidiaries. For purposes of this definition, the purchase price of equipment that is purchased simultaneously with the trade-in of existing equipment or with insurance proceeds shall be included in Capital Expenditures only to the extent of the
gross amount of such purchase price less the credit granted by the seller of such equipment for the equipment being traded in at such time or the amount of such proceeds, as the case may be. 

“Capital Lease Obligation”: as applied to any Person, at the time any determination is to be made, the amount of the
liability in respect of a capital lease that would at that time be required to be capitalized on a balance sheet of such Person in accordance with GAAP in the reasonable judgment of such Person, and the stated maturity thereof shall be the date of
the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be prepaid by the lessee without payment of a penalty. 
 “Capital Stock”: any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a
Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing. 
 “Cash
Equivalents”: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States Government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case
maturing within one year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits having maturities of six months or less from the date of acquisition issued by any Lender or
by any commercial bank organized under the laws of the United States or any state thereof having combined capital and surplus of not less than $500,000,000; (c) commercial paper of an issuer rated at least A-1 by S&P or P-1 by Moody’s,
or carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within six months from the date of acquisition;
(d) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by
the United States government; (e) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing
authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by
S&P or A by Moody’s; (f) securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of
this definition; (g) money market mutual or similar funds that invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this definition; or (h) money market funds that (i) (x) comply with
the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended and are rated A by S&P and A by Moody’s or (y) are rated AAA by S&P and Aaa by Moody’s and (ii) have portfolio assets of at
least $2,500,000,000. 
 “Change of Control”: the occurrence of any of the following: 

 

	 	(i)	the direct or indirect sale, transfer, conveyance or other Disposition (other than by way of merger or consolidation), in one or a series of related transactions, of
all or substantially all of the assets of the Company and its Subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d) of the Exchange Act, but excluding any employee benefit plan of the Company or any of
the Restricted Subsidiaries, and any Person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan); 

  

	 	(ii)	 the adoption of a plan relating to the liquidation or dissolution of the Company other than (a) the consolidation with, merger into or transfer of
all or part of the assets of any Restricted Subsidiary of the Company to the Company or any other Restricted Subsidiary of the Company and (b) the 

  
 8 

	 	 
merger of the Company with an Affiliate solely for the purpose of re-incorporating the Company or re-forming the Company in another jurisdiction; 

 

	 	(iii)	the consummation of any transaction (including any merger or consolidation) the result of which is that any “person” (as defined above) becomes the beneficial
owner, directly or indirectly, of more than 50% of the voting stock of the Company, measured by voting power rather than number of shares; or 

  

	 	(iv)	the first day on which a majority of the members of the board of directors of the Company are not Continuing Directors. 

“Closing Date”: the date designated as the Closing Date by the Company and the Administrative Agent, on which the
conditions precedent set forth in Section 5.1 shall have been satisfied or waived. 
 “Co-Documentation
Agents”: as defined in the preamble hereto. 
 “Co-Lead Arrangers”: J.P. Morgan Securities LLC, Credit
Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs Credit Partners L.P. and Morgan Stanley Senior Funding, Inc. 
 “Co-Syndication Agents”: as defined in the preamble hereto. 

“Code”: the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated thereunder.

 “Collateral”: all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is
purported to be created by any Security Document. 
 “Collateral Trust Agreement”: the Collateral Trust
Agreement to be entered into among the Borrowers, the Subsidiary Guarantors, the Administrative Agent, the Collateral Trustee, and the other parties named therein, substantially in the form of Exhibit C. 

“Collateral Trustee”: U.S. Bank National Association or any successor thereto and, as the context may require, any
co-trustee appointed pursuant to the terms of the Collateral Trust Agreement. 
 “Commitment”: as to any
Lender, the sum of the Term Commitment, the Revolving Commitment and the Incremental Term Loan Commitment of such Lender. 

“Commitment Fee Rate”: 0.750% per annum. 
 “Commodity Agreement”: any contract for commercial and trading activities (including any option, exchange, swap, forward contract or futures contract, whether for physical
delivery or financial settlement) for the purchase, transmission, transportation, distribution, sale, lease or hedge of any emissions or fuel-related or energy- or capacity-related commodity or service. 

“Common Stock”: with respect to any Person, any and all shares, interests or other participations in, and other
equivalents (however designated and whether voting or non-voting) of such Person’s common stock whether or not outstanding on the Closing Date, including all series and classes of such common stock. 

“Company”: as defined in the preamble hereto. 
 “Compliance Certificate”: a certificate duly executed by a Responsible Officer substantially in the form of Exhibit D. 

“Conduit Lender”: any special purpose corporation organized and administered by any Lender for the purpose of making
Loans otherwise required to be made by such Lender and designated by such Lender in a 

  
 9 

 
written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement
if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement
with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.16, 2.17, 2.18 or 11.5 than the designating Lender would have been
entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment. 
 “Confidential Information Memorandum”: the Confidential Information Memorandum dated September 7, 2010 and furnished to certain Lenders. 

“Consolidated Net Tangible Assets”: as of any date of determination, the total amount of all assets of the Company and
the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP, as of the end of the most recent fiscal quarter for which the Company’s financial statements are available, less the sum of: (1) the
Company’s and the Restricted Subsidiaries’ consolidated current liabilities as of such quarter end, determined on a consolidated basis in accordance with GAAP; and (2) the Company’s and the Restricted Subsidiaries’
consolidated assets that are properly classified as intangible assets as of such quarter end, determined on a consolidated basis in accordance with GAAP. Consolidated Net Tangible Assets as of June 30, 2010 shall be deemed to equal
$11,078,000,000. 
 “Consolidated Secured Debt”: as of any date of determination, for the Company and its
Subsidiaries on a consolidated basis in accordance with GAAP, all outstanding Debt of the Company and its Subsidiaries on such date (other than such amounts which are attributable to Debt which is unsecured by any Lien) minus,
(a) without duplication, all (i) cash and Cash Equivalents (limited, for purposes only of calculating compliance with Section 7.1, to $500,000,000 at any time), and (ii) broker, counterparty, and customer margin and collateral
assets and deposits advanced to or held on behalf of such broker, counterparty, customer or other party, as each of the foregoing appears on the consolidated balance sheet of the Company and its Subsidiaries and (b) the Debt of any Unrestricted
Subsidiary. Notwithstanding the foregoing, but without duplication, Consolidated Secured Debt shall exclude an amount equal to the Expected Net Proceeds if the Company shall have notified the Administrative Agent in writing that the Company will
apply such Expected Net Proceeds on receipt to the prepayment of secured Debt as if such Expected Net Proceeds were not Excluded Proceeds. 
 “Consolidated Secured Leverage Ratio”: as of any date of determination, the ratio of (a) Consolidated Secured Debt as of such date (which, if less than zero, will be deemed to equal
zero for this purpose) to (b) EBITDA for the period of the four fiscal quarters most recently ended for which financial statements are available. 
 “Consolidated Total Debt”: as of any date of determination, for the Company and its Subsidiaries on a consolidated basis in accordance with GAAP, all outstanding Debt of the Company and
its Subsidiaries on such date minus (a) all (i) cash and Cash Equivalents, and (ii) broker, counterparty, and customer margin and collateral assets and deposits advanced to or held on behalf of such broker, counterparty,
customer or other party, as each of the foregoing appears on the consolidated balance sheet of the Company and its Subsidiaries and (b) the Debt of any Unrestricted Subsidiary. Notwithstanding the foregoing, but without duplication,
Consolidated Total Debt shall exclude an amount equal to the Expected Net Proceeds if the Company shall have notified the Administrative Agent in writing that the Company will apply such Expected Net Proceeds on receipt to the prepayment of Debt as
if such Expected Net Proceeds were not Excluded Proceeds. 
 “Continuing Directors”: as of any date of
determination, any member of the board of directors of the Company who (a) was a member of such board of directors on the Closing Date; or (b) was nominated for election or elected to such board of directors with the approval of a majority
of the Continuing Directors who were members of such board of director at the time of such nomination or election. 

  
 10 

  
 “Contractual
Obligation”: as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control”: with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise; and the terms “controlling,” “controlled by” and “under common control with” have
correlative meanings. 
 “Corporate Interest”: for any period, with reference to the Company’s
consolidated financial statements, the aggregate of interest expense accrued during such period by the Company and its Subsidiaries on a consolidated basis on Debt less the sum of, without duplication, (a) the amount of interest, if any,
included in such interest expense which was capitalized in accordance with GAAP, (b) the total interest income of such Person and the Restricted Subsidiaries, (c) interest expense attributable to Debt repaid or required to be repaid under
any Debt for which the Company has notified the Administrative Agent in writing that it agrees it will not designate the Net Cash Proceeds of Asset Sales as Excluded Proceeds, in each case in connection with an Asset Sale, and (d) the interest
expense attributable to Debt of any Unrestricted Subsidiary. 
 “Credit Party”: the Administrative Agent, the
Issuing Lender or any other Lender. 
 “DBNY”: Deutsche Bank AG New York Branch. 

“Debt”: with respect to any specified Person, any indebtedness of such Person (excluding accrued expenses or trade
payables), whether or not contingent (without duplication): 
  

	 	(i)	in respect of borrowed money; 

  

	 	(ii)	evidenced by bonds, notes, debentures or similar instruments or letters of credit or reimbursement agreements in respect thereof; 

	 	

	 	(iii)	in respect of banker’s acceptances; 

	 	

	 	(iv)	representing Capital Lease Obligations or Attributable Debt in respect of sale and leaseback transactions (excluding the REMA Lease and the MIRMA Lease which shall not
constitute Debt), Synthetic Lease Obligations or financing leases; 

  

	 	(v)	representing all obligations of such Person in respect of the deferred purchase price of property or services due more than six months after such property is acquired
or such services are completed; 

  

	 	(vi)	representing any Hedging Obligations; or 

	 	

	 	(vii)	consisting of Disqualified Stock; 

 whether or
not any of the preceding items appear as a liability on a balance sheet of the specified Person prepared in accordance with GAAP, provided, however, “Debt” shall not include indebtedness which has been irrevocably defeased,
or in the case of the Existing RRI Secured Notes or the Existing MNA Senior Notes, irrevocably discharged in accordance with Section 8.02 and Section 8.1, respectively, of the indenture relating thereto, or debt securities held by the
issuer thereof. In addition, the term “Debt” includes all Debt of others secured by a Lien on any asset of the specified Person (whether or not such Debt is assumed by the specified Person, but excluding Liens securing Project Finance Debt
and Liens on Capital Stock of any Unrestricted Subsidiary) and, to the extent not otherwise included, the Guarantee by the specified Person of any Debt of any other Person. 

  
 11 

  
 The amount of any Debt outstanding as
of any date will be: 
  

	 	(i)	the accreted value of the Debt, in the case of any Debt issued with original issue discount; 

 

	 	(ii)	the principal amount of and premium (if any) on the Debt, in the case of any other Debt; 

 

	 	(iii)	in respect of Debt of other Persons secured by a Lien on the assets of the specified Person, the lesser of: (A) the Fair Market Value of such asset at such date of
determination, and (B) the amount of such Debt of such other Persons; 

  

	 	(iv)	in respect of any Guarantee, an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such
Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith; 

 

	 	(v)	zero for undrawn letters of credit and undrawn revolvers; and 

  

	 	(vi)	in respect of any Hedging Obligations, the amount, if any, which is then due and payable thereunder. 

“Default”: any of the events specified in Section 9, whether or not any requirement for the giving of notice, the
lapse of time, or both, has been satisfied. 
 “Defaulting Lender”: any Lender that (a) has failed, within
three Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or (iii) pay over to any Credit Party any other amount required to
be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding
(specifically identified and including the particular Default, if any) has not been satisfied, (b) has notified the Company or any Credit Party in writing, or has made a public statement to the effect, that it does not intend or expect to
comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and
including the particular Default, if any) to funding a Loan cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three Business Days after request by the Company or a Credit
Party, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is prepared to meet such obligations) to fund prospective Loans and participations in then
outstanding Letters of Credit under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon the Company or such Credit Party’s receipt, as applicable, of such certification in
form and substance satisfactory to it and the Administrative Agent, or (d) has become the subject of a Bankruptcy Event. 

“Designated Party”: has the meaning set forth in Section 9(i). 

“Disposition”: (a) with respect to any assets, any sale, lease (other than an operating lease), conveyance or other
disposition thereof and (b) the sale or issuance of Capital Stock in any of the Restricted Subsidiaries. The terms “Dispose” and “Disposed of” shall have correlative meanings. 

“Disqualified Stock”: with respect to any Person, any Capital Stock of such Person which, by its terms (or by the terms
of any security into which it is convertible, or for which it is exchangeable, in each case, at the option of the holder of such Capital Stock), (i) matures or is subject to a scheduled redemption, pursuant to a sinking fund obligation or
otherwise, on or prior to the date that is 91 days after the Term Loan Termination Date or (ii) matures or is subject to mandatory redemption upon the happening of any event unless such maturity or

  
 12 

 
mandatory redemption is conditioned on the prior repayment in full of the Facilities. The amount of Disqualified Stock deemed to be outstanding at any time for purposes of this Agreement shall be
equal to the maximum amount that the Borrowers and the Restricted Subsidiaries may become obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock, exclusive of accrued dividends.

 “Dollars” and “$”: dollars in lawful currency of the United States. 

“Domestic Subsidiary”: any Subsidiary of the Company organized in or under the laws of the United States, any state
thereof or the District of Columbia other than (1) a Subsidiary in which a Foreign Subsidiary directly or indirectly owns a majority of the voting equity interests or (2) a Subsidiary that owns no material assets other than the equity
interests of one or more Foreign Subsidiaries. 
 “EBITDA”: for any period, with reference to the
Company’s consolidated financial statements (a) income from continuing operations before income taxes and non-controlling interest; plus (b) depreciation and amortization; plus (c) Corporate Interest; plus
(d) cash dividends or distributions actually received by the Company or any Restricted Subsidiary during such period from any Unrestricted Subsidiary or any other entity which is not a consolidated Subsidiary or any Restricted Subsidiary whose
income is excluded pursuant to the third sentence hereof. “EBITDA” shall not include the effect of (i) gains or losses on sales or dispositions of assets; (ii) non-recurring items (including, for the avoidance of doubt,
restructuring expenses), (iii) non-cash expenses and non-cash gains or losses, including as a result of hedge transactions being marked to market, but shall include cash payments and receipts from and in respect of settlement of Swap
Agreements, or (iv) any income from continuing operations before income taxes and non-controlling interest attributable to Unrestricted Subsidiaries, except to the extent provided in clause (d) of the immediately preceding sentence. Except
for purposes of calculating compliance with Section 7.1 hereof, and except to the extent provided in clause (d) of the first sentence hereof, “EBITDA” shall not include the effect of any income from continuing operations before
income taxes and non-controlling interest attributable to any Restricted Subsidiary of the Company to the extent that such Subsidiary is prohibited from making distributions or dividends as of the date of determination (unless such prohibition
arises solely from the requirement under the MIRMA Lease that MIRMA and its Subsidiaries deliver financial statements for the most recently completed fiscal year or fiscal quarter, as the case may be, and the date of determination is less than 90 or
60 days, as the case may be, from the end of such fiscal year or fiscal quarter). In addition, for purposes of calculating EBITDA, the amounts accrued as rent expense under the MIRMA Lease and REMA Lease shall be treated as operating expenses for
purposes of determining income from continuing operations, and no portion of such amounts shall be treated as Corporate Interest or principal amortization, such that, to the extent possible, the treatment of the obligations under the MIRMA Lease and
REMA Lease as such obligations are treated on the Closing Date is preserved. If during any period for which EBITDA is being determined, the Company or any of its Subsidiaries shall have (a) made or consummated any acquisition for gross
consideration of $10,000,000 or more (including Debt assumed), then EBITDA shall be determined on a pro forma basis for such period as if such acquisition had been made or consummated as of the beginning of the first day of such period or
(b) made or consummated any Asset Sale that is not fully included in discontinued operations or shall have elected to deduct Expected Net Proceeds from Consolidated Secured Debt or Consolidated Total Debt, then EBITDA shall be determined on a
pro forma basis for such period as if such Asset Sale had been made or consummated as of the beginning of the first day of such period. EBITDA for periods prior to the closing date of the Merger (to the extent not determined by the following
sentence) will be estimated in good faith by the Company giving pro forma effect to the Merger. EBITDA will be deemed to equal the following amounts for the fiscal quarters ended on the following dates: September 30, 2009, $400,000,000;
December 31, 2009, $192,000,000; March 31, 2010, $180,000,000; June 30, 2010, $153,000,000. 
 “Eligible
Assignee”: any assignee permitted under Section 11.6. 
 “Eligible Commodity Hedging Agreement”:
any Commodity Agreement entered into by any Loan Party from time to time which (i) is intended to reduce risk to the Company or any Restricted Subsidiary associated with fluctuations in the price or availability of any emissions or fuel-related
or energy- or capacity-

  
 13 

 
related commodity or service (“commodity”), and (ii) is structured such that the net mark-to-market credit exposure of (a) the counterparties to such Commodity Agreements
(taken as a whole) to (b) the Company or any other Loan Party, is (x) positively correlated with the price of the relevant commodity or (y) positively correlated with changes in the relevant fuel to energy spread. 

“Eligible Commodity Hedging Obligations”: with respect to any Loan Party, the obligations of such Person under an
Eligible Commodity Hedging Agreement. For purposes of designating obligations as Eligible Commodity Hedging Obligations secured by the Collateral pursuant to the Security Agreement, such designation shall be deemed effective if accompanied by a
certification by the Company representing that such obligations meet the definition of Eligible Commodity Hedging Obligations. 

“Environmental Capital Expenditures”: Capital Expenditures required by, or reasonably related to the Company’s or
its Subsidiaries’ compliance with, Environmental Laws. 
 “Environmental Laws”: any and all foreign,
Federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances, codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability
or standards of conduct concerning protection of human health or the environment, as now or may at any time hereafter be in effect. 
 “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated thereunder. 

“ERISA Affiliate”: all members of a group of corporations and all members of a group of trades or businesses (whether or
not incorporated) under common control which, together with the Company, are treated as a single employer under Section 414(b) or (c) of the Code. 
 “ERISA Event”: any of the following events: (i) the appointment of a trustee to administer or terminate any Plan, (ii) the termination of a Plan, (iii) any failure by any
Plan to satisfy the minimum funding standards (within the meaning of Sections 412 or 430 of the Code or Section 302 of ERISA), whether or not waived, (iv) the filing pursuant to Section 412(c) of the Code or Section 302(c) of
ERISA of an application for a waiver of the minimum funding standard with respect to any Plan, the failure to make by its due date a required installment under Section 430(j) of the Code with respect to any Plan or the failure by the Company or
any of its ERISA Affiliates to make any required contribution to a Multiemployer Plan, (v) a determination that any Plan is, or is expected to be, in “at risk” status (within the meaning of Section 430 of the Code or
Section 303 of ERISA), (vi) the imposition of a Lien under the Code or ERISA on the assets of the Company on account of any Plan, (vii) the occurrence of a reportable event described in Section 4043(c) of ERISA (other than those
events as to which the 30-day notice period is waived) with respect to a Plan, or (viii) the incurrence by the Company of any liability in connection with a withdrawal from a Multiemployer Plan, or the determination that a Multiemployer Plan
is, or is expected to be, insolvent (within the meaning of Section 4245 of ERISA), in reorganization (within the meaning of Section 4241 of ERISA) or in endangered or critical status (within the meaning of Section 432 of the Code or
Section 305 or Title IV of ERISA). 
 “Eurocurrency Reserve Requirements”: for any day as applied to a
Eurodollar Loan, the aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency reserves) under any regulations of the
Board or other Governmental Authority having jurisdiction with respect thereto dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board)
maintained by a member bank of the Federal Reserve System. 
 “Eurodollar Loans”: Loans the rate of interest
applicable to which is based upon the Eurodollar Rate. 
 “Eurodollar Rate”: with respect to each day during
each Interest Period pertaining to a Eurodollar Loan, the rate per annum determined on the basis of the rate for deposits in Dollars for a period equal to such 

  
 14 

 
Interest Period commencing on the first day of such Interest Period appearing on the Reuters Screen LIBOR01 Page as of 11:00 A.M., London time, two Business Days prior to the beginning of such
Interest Period; provided, that for the Term Facility only, in no event shall the Eurodollar Rate (including for the purpose of determining ABR) be less than 1.75% per annum. In the event that such rate does not appear on such page (or
otherwise on such screen), the “Eurodollar Rate” shall be determined by reference to such other comparable publicly available service for displaying eurodollar rates as may be selected by the Administrative Agent or, in the absence
of such availability, by reference to the rate at which the Administrative Agent is offered Dollar deposits at or about 11:00 A.M., New York City time, two Business Days prior to the beginning of such Interest Period in the interbank eurodollar
market where its eurodollar and foreign currency and exchange operations are then being conducted for delivery on the first day of such Interest Period for the number of days comprised therein. 

“Eurodollar Tranche”: the collective reference to Eurodollar Loans under a particular Facility the then current Interest
Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day). 
 “Event of Default”: any of the events specified in Section 9, provided that any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

 “Exchange Act”: the Securities Exchange Act of 1934, as amended from time to time. 

“Excluded Asset Sale”: each of the following transactions: 

 

	 	(i)	the Disposition of damaged, obsolete, uneconomic or worn out property, or property which in the good faith judgment of the Company is no longer useful in its or the
Restricted Subsidiaries’ business, in each case, in the ordinary course of business; 

  

	 	(ii)	Dispositions among the Company and Restricted Subsidiaries, or among Restricted Subsidiaries; 

	 	

	 	(iii)	Dispositions of Cash Equivalents or other short-term investments; 

	 	

	 	(iv)	Dispositions by the Company or any Restricted Subsidiary of fuel or emission or environmental credits; 

 

	 	(v)	any Disposition or series of related Dispositions resulting in proceeds not in excess of $50,000,000; 

 

	 	(vi)	Restricted Payments permitted by Section 8.2; 

  

	 	(vii)	any Disposition in connection with a foreclosure, transfer or deed in lieu of foreclosure or other exercise of remedial action; 

 

	 	(viii)	Dispositions, not resulting in the Disposing of all or substantially all of the assets of the Company and the Restricted Subsidiaries, of inventory, products, electric
energy, commodities, capacity, ancillary services, fuel, rights, services or accounts receivable; 

  

	 	(ix)	Investments permitted by Section 8.6; 

  

	 	(x)	a Disposition resulting from any condemnation; provided, if such Disposition involves assets with gross cash proceeds in excess of $50,000,000, that any cash
proceeds received in connection therewith are treated as Net Cash Proceeds of an Asset Sale; 

  
 15 

  

	 	(xi)	compromises and settlements of claims against third-parties and Dispositions of assets in connection with the settlement of claims and litigation; and

	 	

	 	(xii)	grants by the Company or any of its Subsidiaries of licenses, sublicenses, leases or subleases or easements to other Persons not materially interfering with the conduct
by the Company or such Subsidiary of its business on or at the property that is the subject of such license, sublicense, lease or sublease or easement. 

 “Excluded Proceeds”: Net Cash Proceeds from Asset Sales or Recovery Events in an amount not to exceed $300,000,000 in the aggregate in any fiscal year and $1,000,000,000 in the aggregate
during the term of this Agreement. 
 “Existing Credit Agreements”: the collective reference to the Existing
RRI Credit Agreement and the Existing MNA Credit Agreement. 
 “Existing Letters of Credit”: the letters of
credit issued pursuant to the Existing MNA Credit Agreement and the Existing RRI Credit Agreement that are outstanding thereunder on the Closing Date. 
 “Existing MNA Credit Agreement”: the Credit Agreement, dated as of January 3, 2006, among MNA, JPMorgan Chase Bank, N.A., as the administrative agent, and the lenders and other
agents party thereto. 
 “Existing MNA Senior Notes”: the 7.375% Senior Notes due 2010 issued pursuant to the
Indenture, dated as of December 23, 2005, among Mirant North America Escrow, LLC, MNA and MNA Finance Corp., as issuers, and Law Debenture Trust Company of New York, as trustee. 

“Existing PEDFA Bonds”: the Seward Tax-Exempt Bonds outstanding immediately prior to the Closing Date. 

“Existing RRI Credit Agreement”: the Credit and Guaranty Agreement, dated as of June 12, 2007, among RRI, Deutsche
Bank AG New York Branch, as the administrative agent, and the lenders and other agents party thereto. 
 “Existing RRI
Secured Notes”: the 6.75% Senior Secured Notes due 2014 issued pursuant to the First Supplemental Indenture, dated as of December 22, 2004, among RRI, as issuer, and Wilmington Trust Company, as trustee. 

“Extended Expiration Date”: as defined in Section 11.18. 

“Expected Net Proceeds”: the Net Cash Proceeds that the Company expects to receive in connection with a pending and
binding Asset Sale or issuance or sale of Capital Stock. 
 “Facility”: each of (a) the Term Commitments
and the Term Loans made thereunder (the “Term Facility”), (b) the Revolving Commitments and the extensions of credit made thereunder (the “Revolving Facility”) and (c) the Incremental Term Loan Commitments
and the Incremental Term Loans made thereunder (the “Incremental Term Facility”). 
 “Fair Market
Value”: the value that would be paid by a willing buyer to a willing seller in a transaction not involving distress or necessity of either party, determined in good faith by the chief financial officer, treasurer, assistant treasurer,
controller or board of directors of the Company or the selling entity. 
 “FATCA”: Sections 1471 through 1474
of the Code, as of the date of this Agreement. 
 “FCF Percentage”: the following percentages of Free Cash Flow
based on the Consolidated Secured Leverage Ratio of the Company and its Subsidiaries: (i) if greater than or equal to 3.0 to 1.0, 50% of Free Cash 

  
 16 

 
Flow, (ii) if less than 3.0 to 1.0 but greater than 2.0 to 1.0, 75% of Free Cash Flow and (iii) if less than or equal to 2.0 to 1.0, 100% of Free Cash Flow. 

“Federal Funds Effective Rate”: for any day, the weighted average of the rates on overnight federal funds transactions
with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the
average of the quotations for the day of such transactions received by JPMCB from three federal funds brokers of recognized standing selected by it. 
 “Fee Payment Date”: (a) the third Business Day following the last day of each March, June, September and December and (b) the last day of the Revolving Commitment Period.

 “Foreign Subsidiary”: any Subsidiary of the Company that is not a Domestic Subsidiary. 

“Foundation”: RRI Energy Foundation, Inc, a Texas non-profit corporation, or any successor thereto. 

“Free Cash Flow”: for the period from January 1, 2010 through any date of its determination, without duplication,
(a) EBITDA for such period, minus (b) Corporate Interest for such period, minus (c) the aggregate amount of any cash payments made in respect of Taxes during such period by the Company or any of the Restricted
Subsidiaries net of cash tax refunds for such period, minus (d) the aggregate amount of all scheduled amortized principal payments of Debt, if any, of the Company and the Restricted Subsidiaries made during such period, minus
(e) Capital Expenditures made by the Company and the Restricted Subsidiaries for such period (other than Capital Expenditures made with (x) Net Cash Proceeds of Recovery Events, (y) Net Cash Proceeds of Asset Sales, and (z) the
proceeds of the incurrence of Permitted Debt), provided, however, that the amounts deducted pursuant to clauses (b) through (e) of the foregoing shall not include amounts described therein attributable to any Restricted
Subsidiary that is subject to the exclusion under the third sentence of the definition of “EBITDA”. 

“Funding Office”: the office of the Administrative Agent specified in Section 11.2 or such other office as may be
specified from time to time by the Administrative Agent as its funding office by written notice to the Company and the Lenders. 

“GAAP”: those generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting
Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment
of the accounting profession, which are in effect from time to time. 
 “Governmental Authority”: any nation or
government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of
or pertaining to government, any securities exchange and any self-regulatory organization (including the National Association of Insurance Commissioners). 
 “Group Members”: the collective reference to the Company and the Restricted Subsidiaries. 
 “Guarantee”: a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of business, direct or indirect, in any manner including by way of a
pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Debt (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities
or services, to take or pay or to maintain financial statement conditions or otherwise). The term “Guarantee” as a verb has a corresponding meaning. 

  
 17 

  
 “Guarantee
Agreement”: the Guarantee Agreement to be executed and delivered by the Subsidiary Guarantors, substantially in the form of Exhibit A. 
 “Hedging Agreement”: any agreement or arrangement referred to in the definition of “Hedging Obligations” entered into between any Loan Party and any Hedging Counterparty.

 “Hedging Counterparties”: with respect to any Hedging Agreement, any Specified Hedging Counterparty or
Non-Specified Hedging Counterparty thereunder. 
 “Hedging Obligations”: with respect to any Loan Party, the
net obligations of such Person under: (a) interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest rate cap agreements and interest rate collar agreements; (b) other agreements or arrangements
designed to manage interest rate risk; and (c) other agreements or arrangements designed to protect such Person against fluctuations in currency exchange rates. 
 “Identified Competitor”: has the meaning set forth in Section 11.6(b)(A). 
 “Incremental Loan Commitment”: an Incremental Revolving Commitment or Incremental Term Loan Commitment, as the case may be. 

“Incremental Loan Commitment Date”: an Incremental Revolving Commitment Date or Incremental Term Loan Commitment Date,
as the case may be. 
 “Incremental Loan Commitment Requirements”: with respect to any provision of an
Incremental Loan Commitment on a given Incremental Loan Commitment Date, the satisfaction of each of the following conditions on or prior to the closing date of the respective Incremental Loan Commitment Agreement: 

 

	 	(i)	no Default or Event of Default has occurred and is continuing or would be caused thereby and all of the representations and warranties contained herein (other than as
set forth in Sections 4.7, 4.9 and 4.12) are true and correct in all material respects at such time; and 

  

	 	(ii)	the delivery by the Borrowers to the Administrative Agent of an officer’s certificate executed by a Responsible Officer of each Borrower and certifying as to
compliance with preceding clause (i). 

 “Incremental Revolving Commitment”: for any Lender, any
commitment by such Lender to make Revolving Loans pursuant to Section 2.4 in such amount as agreed to by such Lender in the respective Incremental Revolving Commitment Agreement delivered pursuant to Section 2.22; it being understood, however,
that on each date upon which an Incremental Revolving Commitment of any Lender becomes effective, such Incremental Revolving Commitment of such Lender shall be added to (and thereafter become a part of) the Revolving Commitment of such Lender for
all purposes of this Agreement as contemplated by Section 2.22. 
 “Incremental Revolving Commitment
Agreement”: each Incremental Revolving Commitment Agreement substantially in the form of Exhibit F-2 (appropriately completed) executed in accordance with Section 2.22. 

“Incremental Revolving Commitment Date”: each date upon which an Incremental Revolving Commitment under an Incremental
Revolving Commitment Agreement becomes effective as provided in Section 2.22(b). 
 “Incremental Revolving
Lender”: as defined in Section 2.22(b). 
 “Incremental Term Loan”: as defined in
Section 2.1. 

  
 18 

  
 “Incremental
Term Loan Borrowing Date”: with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 2.1 and as otherwise permitted by Section 2.21.

 “Incremental Term Loan Commitment”: for each Lender, any commitment to make Incremental Term Loans provided
by such Lender pursuant to Section 2.21, in such amount as agreed to by such Lender in the respective Incremental Term Loan Commitment Agreement and as set forth opposite such Lender’s name in Schedule 1.1A (as modified in accordance with
Section 2.21) directly below the column entitled “Incremental Term Loan Commitment”, as the same may be terminated pursuant to Section 2.10 or Section 9. 

“Incremental Term Loan Commitment Agreement”: each Incremental Term Loan Commitment Agreement in the form of Exhibit F-1
(appropriately completed) executed in accordance with Section 2.21. 
 “Incremental Term Loan Commitment
Date”: each date upon which an Incremental Term Loan Commitment under an Incremental Term Loan Commitment Agreement becomes effective as provided in Section 2.21(b). 

“Incremental Term Loan Lender”: as defined in Section 2.21(b). 

“Incremental Term Loan Maturity Date”: for the Incremental Term Loans, the final maturity date set forth for such
Tranche of Incremental Term Loans in the respective Incremental Term Loan Commitment Agreement relating thereto, provided that the final maturity date for all Incremental Term Loans of a given Tranche shall be the same date. 

“Indemnified Liabilities”: as defined in Section 11.5(a). 

“Indemnitee”: as defined in Section 11.5(a). 

“Interest Payment Date”: (a) as to any ABR Loan, the last day of each March, June, September and December to occur
while such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest Period of three months or less, the last day of such Interest Period, (c) as to any Eurodollar Loan having an
Interest Period longer than three months, each day that is three months, or a whole multiple thereof, after the first day of such Interest Period and the last day of such Interest Period and (d) as to any Loan (other than any Revolving Loan
that is an ABR Loan), the date of any repayment or prepayment made in respect thereof. 
 “Interest Period”: as
to any Eurodollar Loan, (a) initially, the period commencing on the borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and ending one, two, three or six months thereafter (or such other period as the Company
and all Lenders of the relevant Facility may agree), as selected by the Company in its notice of borrowing or notice of conversion, as the case may be, given with respect thereto; and (b) thereafter, each period commencing on the last day of
the next preceding Interest Period applicable to such Eurodollar Loan and ending one, two, three or six months (or such other period as the Company and all Lenders of the relevant Facility may agree) thereafter, as selected by the Company by
irrevocable notice to the Administrative Agent not later than 11:00 A.M., New York City time, on the date that is three Business Days prior to the last day of the then current Interest Period with respect thereto; provided that, all of the
foregoing provisions relating to Interest Periods are subject to the following: 
 (i) if any Interest Period
would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event
such Interest Period shall end on the immediately preceding Business Day; 
 (ii) the Borrowers may not select
an Interest Period under a particular Facility that would extend beyond, with respect to (x) Revolving Loans, the Revolving Termination Date or (y) Term Loans, the Term 

  
 19 

 
Loan Termination Date or (z) Incremental Term Loans, the Incremental Term Loan Maturity Date, as the case may be; and 

(iii) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month. 
 “Investments”: as defined in Section 8.6. 
 “Issuing
Lender”: each of JPMCB, DBNY and any other Revolving Lender from time to time designated by the Company as an Issuing Lender with the consent of such other Revolving Lender and the Administrative Agent, or any Affiliate thereof, in its
capacity as issuer of any Letter of Credit; collectively, the “Issuing Lenders”. 
 “JPMCB”:
as defined in the preamble hereto. 
 “L/C Commitment”: at any time, the aggregate amount of the Revolving
Commitments then in effect. 
 “L/C Obligations”: at any time, an amount equal to the sum of (a) the
aggregate then undrawn and unexpired amount of the then outstanding Letters of Credit and (b) the aggregate amount of drawings under Letters of Credit that have not then been reimbursed pursuant to Section 3.5. 

“L/C Participants”: as to any Letter of Credit, the collective reference to all the Revolving Lenders other than the
Issuing Lender of such Letter of Credit. 
 “Lenders”: as defined in the preamble hereto; provided, that
unless the context otherwise requires, each reference herein to the Lenders shall be deemed to include any Conduit Lender. 

“Letters of Credit”: any letter of credit issued pursuant to this Agreement. As of the Closing Date, each Existing
Letter of Credit shall be deemed to be a Letter of Credit hereunder as though issued hereunder on the Closing Date and the Company shall be the account party thereunder. 
 “Lien”: any mortgage, pledge, lien, hypothecation, security interest or other charge, encumbrance or other arrangement in the nature of a security interest in property; provided,
however, that the term “Lien” shall not mean any easements, survey exceptions, reservations (including those for, rights-of-way, sewers, electric lines, telegraph and telephone lines, other utilities, mineral reservations and
rights), zoning restrictions, encroachments, minor title deficiencies, leases, subleases, licenses, sublicenses, or other restrictions on the use of property or other similar encumbrances. 

“Loan”: any loan made by any Lender pursuant to this Agreement. 

“Loan Documents”: this Agreement, the Guarantee Agreement, the Security Documents, the Notes and any amendment, waiver,
supplement or other modification to any of the foregoing. 
 “Loan Parties”: the Borrowers and each of the
Subsidiary Guarantors. 
 “MAG”: Mirant Americas Generation, LLC, a Delaware limited liability company, or any
successor thereto. 
 “Majority Facility Lenders”: with respect to any Facility, the holders of more than 50%
of the aggregate unpaid principal amount of the Term Loans, Incremental Term Loans or the Total Revolving Extensions of Credit, as the case may be, outstanding under such Facility (or, in the case of the Revolving

  
 20 

 
Facility, prior to any termination of the Revolving Commitments, the holders of more than 50% of the Total Revolving Commitments). 

“Majority Lenders”: at any time, the holders of more than 50% of (a) until the Closing Date, the Commitments then
in effect and (b) thereafter, the sum of (i) the aggregate unpaid principal amount of the Term Loans and Incremental Term Loans then outstanding and (ii) the Total Revolving Commitments then in effect or, if the Revolving Commitments
have been terminated, the Total Revolving Extensions of Credit then outstanding. 
 “Material Adverse Effect”:
a material adverse change in, or material adverse effect on, (i) the financial condition, operations, business or assets of the Company or its Subsidiaries, taken as a whole, which would have a material adverse effect on the ability of the
Borrowers to pay amounts owed by it from time to time under the Facilities, or (ii) the validity or enforceability of this Agreement or any of the other Loan Documents against the Company or any Subsidiary Guarantor which would have a material
adverse effect on the rights, remedies and benefits available to, or conferred upon, the Administrative Agent or the Lenders, taken as a whole. 
 “Material Agreement”: a Contractual Obligation to which a Loan Party is a party or affecting a Loan Party or the properties of a Loan Party or its Subsidiaries, where such Contractual
Obligation (x) evidences Debt of such Loan Party or (y) is identified in the exhibit list from time to time in filings made by the Company with the SEC as material to the Company. 

“Merger”: as defined in the recitals hereto. 
 “Merger Agreement”: as defined in the recitals hereto. 

“Merger Sub”: as defined in the recitals hereto. 

“MET”: Mirant Energy Trading, LLC, a Delaware limited liability company, or any successor thereto. 

“Mirant”: as defined in the recitals hereto. 
 “Mirant New York Party”: as defined in Section 6.11. 

“MIRMA”: Mirant Mid-Atlantic, LLC, a Delaware limited liability company, or any successor thereto. 

“MIRMA Lease”: collectively, the obligations of MIRMA as facility lessee under the eleven facility lease agreements,
each dated as of December 19, 2000, and under the related participation agreements and other documents executed in connection therewith, in each case as amended, modified or supplemented from time to time. 

“MML”: Mirant Marsh Landing, LLC, a Delaware limited liability company, or any successor thereto, and any entity formed
for the sole purpose of owning the capital stock of MML. 
 “MNA”: Mirant North America, LLC, a Delaware
limited liability company, or any successor thereto. 
 “Moody’s”: Moody’s Investors Service, Inc. or
any successor thereto. 
 “Mortgaged Properties”: the real properties listed on Schedule 1.1B and designated as
properties for which a Mortgage will be delivered. 
 “Mortgages”: each of the mortgages and deeds of trust
made by any Loan Party in favor of, or for the benefit of, the Collateral Trustee for the benefit of the Secured Parties, in form and substance reasonably satisfactory to the Administrative Agent. 

  
 21 

  
 “Multiemployer
Plan”: as defined in Section 4001(a)(3) of ERISA. 
 “New York Regulatory Approvals”: as defined
in Section 6.11. 
 “Net Cash Proceeds”: (a) in connection with any Asset Sale or any Recovery Event,
the proceeds thereof in the form of cash and Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, but only
as and when received), net of attorneys’ fees, accountants’ fees, investment banking fees, amounts required to be applied to the repayment of Debt secured by a Lien expressly permitted hereunder on any asset that is the subject of such
Asset Sale or Recovery Event (other than any Lien pursuant to a Security Document) and other customary fees and expenses actually incurred in connection therewith and net of Taxes paid or reasonably estimated to be payable as a result thereof (after
taking into account any available tax credits or deductions and any tax sharing arrangements) and (b) in connection with any issuance or sale of Capital Stock or any incurrence of Debt, the cash proceeds received from such issuance or
incurrence, net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and commissions and other customary fees and expenses actually incurred in connection therewith. 

“Non-Consenting Lender”: as defined in Section 11.1. 

“Non-Excluded Taxes”: as defined in Section 2.17(a). 

“Non-Specified Hedging Counterparty”: with respect to any Hedging Agreement, any counterparty thereto other than a
Specified Hedging Counterparty. 
 “Non-U.S. Lender”: as defined in Section 2.17(e). 

“Notes”: the collective reference to any promissory note evidencing Loans. 

“Obligations”: the unpaid principal of and interest on (including interest accruing after the maturity of the Loans and
Reimbursement Obligations and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to either Borrower, whether or not a claim for post-filing or
post-petition interest is allowed in such proceeding) the Loans and all other obligations (including guarantee obligations) and liabilities of the Borrowers or any other Loan Party to the Administrative Agent or to any Lender (or, in the case of
Hedging Agreements, any Specified Hedging Counterparty), whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, the
Guarantee Agreement, any other Loan Document, the Letters of Credit, any Hedging Agreement or any other document made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations,
fees, indemnities, costs, expenses (including all fees, charges and disbursements of counsel to the Administrative Agent or to any Lender that are required to be paid by either Borrower pursuant hereto) or otherwise. 

“Other Taxes”: any and all present or future stamp or documentary taxes or any other excise or property taxes, charges
or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document, including any interest, additions to tax or penalties applicable
thereto. 
 “Participant”: as defined in Section 11.6(c). 

“Participant Register”: as defined in Section 11.6(c). 

“Patriot Act”: as defined in Section 5.1(p). 

  
 22 

  
 “Permitted
Debt”: 
 (i) (A) the Loans and other obligations of any Loan Party under any Loan Document and
(B) Debt of the Borrowers and the Restricted Subsidiaries (which may be secured as to the extent currently secured) existing on the Closing Date and not refinanced with the proceeds of the Debt referred to in clause (v) below; 

(ii) up to $800,000,000 of additional Debt; 

(iii) Subordinated Debt; 
 (iv) Debt incurred to finance environmental Capital Expenditures and other Capital Expenditures made to comply with law and, additionally, with respect to MIRMA and its Subsidiaries and REMA and its
Subsidiaries, to finance Required Improvements (which may be secured by the capital assets or Required Improvements and related assets) of such Persons; 
 (v) new senior unsecured notes in an amount not exceeding $1,200,000,000; 
 (vi) Hedging Obligations consistent with industry practice; 

(vii) Debt in respect of workers’ compensation claims, self-insurance obligations, bankers’ acceptances,
performance and surety bonds; 
 (viii) Debt arising from overdrafts, so long as such Debt is repaid within five
Business Days; 
 (ix) Debt arising from agreements providing for indemnification, adjustment of purchase price
or similar obligations incurred in connection with the sales of assets, provided that the maximum aggregate liability in respect of all such debt shall not exceed the gross proceeds (including non-cash proceeds) actually received; 

(x) Debt of REMA and its Subsidiaries of up to $60,000,000; 

(xi) Debt of a Person existing at the time such Person first became a Subsidiary of the Company; provided that
such Debt was not incurred in contemplation of such acquisition (it being agreed that, in the case of a fluctuating balance facility, the Debt permitted hereunder will include amounts later drawn on unfunded commitments existing at the time such
Person first became a Subsidiary of the Company); 
 (xii) Project Finance Debt; 

(xiii) Debt between or among the Company and any of its Subsidiaries, other than Debt of a Restricted Subsidiary that is
not a Subsidiary Guarantor owed to an Unrestricted Subsidiary; provided, that (A) any such Debt of a Loan Party owed to an Unrestricted Subsidiary shall be subordinated to the prior payment in full in cash of the obligations under this
Agreement in a customary manner (it being agreed that no blockage of payments will apply except after written notice by the Administrative Agent given while an Event of Default has occurred and is continuing); and (B) (x) any subsequent
issuance or transfer of Capital Stock that results, (1) in any such Debt of a Restricted Subsidiary that is not a Subsidiary Guarantor being held by a Person other than the Company or a Restricted Subsidiary or (2) in any such Debt of any
Subsidiary Guarantor being held by a Person other than the Company or any Subsidiary and (y) any sale or other transfer of any such Debt (1) of a Restricted Subsidiary that is not a Subsidiary Guarantor to a Person other than the Company
or a Restricted Subsidiary or (2) of a Loan Party to a Person other than the Company or any other Subsidiary shall be deemed, in each case, to constitute an incurrence of such Debt by the Company or such Restricted Subsidiary, as the case may
be, that was not permitted by this clause; 

  
 23 

  
 (xiv)
Debt secured by Liens permitted under clauses (f) and (g) of Sections 8.3; and 
 (xv) refinancings or
renewals or replacements of Debt permitted under this Agreement (which may be secured by the same assets as the refinanced or renewed Debt); provided, that any such refinancing, renewal or replacement of Debt is (A) either in an amount
not in excess of the principal amount outstanding or committed under the Debt being refinanced or renewed immediately prior to such refinancing (plus any applicable fees or expenses and redemption or repurchase premiums or penalties) or renewal, or
such excess amount is otherwise permitted to be incurred under this Agreement without reference to this clause (xiv), (B) provides for a final maturity date no earlier than the existing scheduled maturity date of the Debt being refinanced or
renewed and (C) if the Debt refinanced or renewed is Subordinated Debt, is subordinated in a like manner and extent. 

“Permitted PEDFA Bond Debt”: means Debt incurred or guaranteed by the Company and/or the Restricted Subsidiaries that is
not supported by Letters of Credit outstanding under this Agreement, the proceeds of which are used: (a) to build the Seward Facility; (b) to reimburse the Company, the Restricted Subsidiaries for amounts advanced or incurred, or for Debt
incurred to fund such construction costs, prior to the date of incurrence of such Debt; or (c) to refund or defease the Seward-Tax Exempt Bonds or refinance Debt evidenced by or in support of the Seward-Tax Exempt Bonds. 

“Person”: an individual, company, corporation, firm, partnership, joint venture, undertaking, association, organization,
trust, state or agency of a state or limited liability company (in each case whether or not having separate legal personality). 

“Plan”: any plan described in Section 3(2) of ERISA that is subject to Title IV of ERISA, maintained or contributed
to by the Company or any ERISA Affiliate. 
 “Pre-Closing Incremental Revolving Commitments”: as defined in
Section 2.22(a). 
 “Proceedings”: as defined in Section 11.5(b). 

“Project Finance Debt”: Debt (not exceeding the cost of the acquisition, construction or creation of the relevant asset
or project) of the Company or a Restricted Subsidiary incurred or existing in connection with the financing or refinancing of any asset or project, the repayment of which Debt is to be made from the revenues arising out of, or other proceeds of
realization from, the acquired or created asset or project, with recourse to those revenues and proceeds and assets forming the subject matter of such asset or project (including, without limitation, insurance, contracts and shares or other rights
of ownership in the entity(ies) which own the relevant assets or project) and other assets ancillary thereto but without substantial recourse to any other asset or otherwise to any Person other than the borrower under such Project Finance Debt;
provided that substantial recourse shall not be deemed to exist by reason of (i) normal and customary sponsor support arrangements, including, without limitation, services and operational and administrative support, (ii) recourse
against any Project Subsidiary including any direct or indirect parent entity of any Project Subsidiary, substantially all of the assets of which consist of the equity of one or more Project Subsidiaries, or (iii) recourse against the equity of
a Project Subsidiary pledged by the Company or any of the Restricted Subsidiaries to secure the debt of such Project Subsidiary or any Subsidiary of such Project Subsidiary. 
 “Project Subsidiary”: any Person other than the Company obligated in respect of any Project Finance Debt. 
 “Projections”: as defined in Section 6.3(b). 

“Recovery Event”: any settlement of or payment in respect of any insurance or indemnity claim or any condemnation
proceeding relating to any asset of any Group Member. 

  
 24 

  

“Register”: as defined in Section 11.6(b). 
 “Regulation U”: Regulation U of the Board as in effect from time to time. 
 “Reimbursement Obligation”: the obligation of the Borrowers to reimburse any Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit. 

“Reimbursement Payment”: as defined in Section 2.5(b). 

“Reinvestment Commitment Notice”: a written notice executed by a Responsible Officer on or prior to the date falling 365
days after the receipt of Net Cash Proceeds from an Asset Sale or Recovery Event, stating (x) that, in the case of an Asset Sale only, no Event of Default has occurred and is continuing and (y) that the Company (directly or through a
Restricted Subsidiary) has committed to use all or a specified portion of the Net Cash Proceeds thereof within 18 months after the date of such notice, in each case to acquire or repair assets useful in its business. 

“Reinvestment Event”: any Asset Sale or Recovery Event in respect of which the Company has delivered a Reinvestment
Notice. 
 “Reinvestment Notice”: a written notice executed by a Responsible Officer stating (i) in the
case of an Asset Sale only, that no Event of Default has occurred and is continuing and (ii) that the Company (directly or indirectly through a Restricted Subsidiary) intends and expects to use all or a specified portion of the Net Cash
Proceeds of an Asset Sale or Recovery Event to acquire or repair assets useful in its business. 
 “REMA”: RRI
Energy Mid-Atlantic Power Holdings, LLC, a Delaware limited liability company, or any successor thereto. 
 “REMA
Lease”: collectively, the obligations of REMA as facility lessee under the three facility lease agreements, each dated as of August 24, 2000, and under the related participation agreements and other documents executed in connection
therewith, in each case as amended, modified or supplemented from time to time. 
 “Required Improvements”:
modifications, alterations, additions or improvements to any MIRMA or REMA owned or leased project facility required (x) by Requirements of Law or by any Governmental Authority having jurisdiction thereon, (y) by any insurance policy
required to be maintained by MIRMA or REMA, as applicable, under any document related to the MIRMA Lease or REMA Lease, as applicable, or (z) by the terms of any document related to the MIRMA Lease or REMA Lease, as applicable. 

“Requirement of Law”: as to any Person, any law, treaty, rule or regulation or determination of an arbitrator or a court
or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 
 “RES”: RRI Energy Services, Inc., a Delaware corporation, or any successor thereto. 
 “Responsible Officer”: as to each Borrower, the chief executive officer, president, chief financial officer, treasurer, assistant treasurer or controller of such Borrower. 

“Restricted Payments”: as defined in Section 8.2. 

“Restricted Subsidiaries”: all Subsidiaries of the Company other than Unrestricted Subsidiaries. 

“Returns”: as defined in Section 4.14. 
 “Revolving Commitment”: as to any Lender, the obligation of such Lender, if any, to make Revolving Loans and participate in Letters of Credit in an aggregate principal and/or face amount
not to exceed the amount 

  
 25 

 
set forth under the heading “Revolving Commitment” opposite such Lender’s name on Schedule 1.1A (as modified in accordance with Section 2.22) or in the Assignment and
Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. 
 “Revolving Commitment Period”: the period from and including the Closing Date to the Revolving Termination Date. 
 “Revolving Extensions of Credit”: as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender
then outstanding and (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding. 

“Revolving Lender”: each Lender that has a Revolving Commitment or that holds Revolving Loans. 

“Revolving Loans”: as defined in Section 2.4(a). 

“Revolving Percentage”: as to any Revolving Lender at any time, the percentage which such Lender’s Revolving
Commitment then constitutes of the Total Revolving Commitments (disregarding any Defaulting Lender’s Revolving Commitment) or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate
principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of the Revolving Loans then outstanding (disregarding any Defaulting Lender’s Revolving Loans), provided, that, in the
event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving Extensions of Credit, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions
of Credit shall be held by the Revolving Lenders on a comparable basis. 
 “Revolving Termination Date”: the
fifth anniversary of the Closing Date. 
 “RRI”: as defined in the recitals hereto. 

“S&P”: Standard & Poor’s Ratings Services, a division of the McGraw Hill Companies, Inc., or any
successor thereto. 
 “SEC”: the Securities and Exchange Commission, any successor thereto and any analogous
Governmental Authority. 
 “Secured Parties”: as defined in the Security Agreement. 

“Security Agreement”: the Security Agreement to be executed and delivered by the Borrowers and each Subsidiary
Guarantor, substantially in the form of Exhibit B. 
 “Security Documents”: the collective reference to the
Security Agreement, the Collateral Trust Agreement, the Mortgages, any intercreditor agreement in respect of second-lien or subordinated Debt and all other security documents hereafter delivered to the Collateral Trustee granting a Lien on any
property of any Person to secure the obligations and liabilities of any Loan Party under any Loan Document. 
 “Seward
Facility”: the 521 MW coal facility and related assets located in New Florence, Indiana County, Pennsylvania. 

“Seward Tax-Exempt Bonds”: (1) the Pennsylvania Economic Financing Authority Exempt Facilities Revenue Bonds
(Reliant Energy Seward, LLC Project), Series 2001A, in the original aggregate principal amount of $150,000,000, (2) the Pennsylvania Economic Financing Authority Exempt Facilities Revenue Bonds (Reliant Energy Seward, LLC Project), Series
2002A, in the original aggregate principal amount of $75,000,000, (3) the 

  
 26 

 
Pennsylvania Economic Financing Authority Exempt Facilities Revenue Bonds (Reliant Energy Seward, LLC Project), Series 2002B, in the original aggregate principal amount of $75,000,000,
(4) the Pennsylvania Economic Financing Authority Exempt Facilities Revenue Bonds (Reliant Energy Seward, LLC Project), Series 2003A, in the original aggregate principal amount of $100,000,000, (5) the Pennsylvania Economic Financing
Authority Exempt Facilities Revenue Bonds (Reliant Energy Seward, LLC Project), Series 2004A, in the original aggregate principal amount of $100,000,000, and (6) any bonds issued by the Pennsylvania Economic Financing Authority on or after the
Closing Date as permitted hereunder and supported by letters of credit outstanding hereunder. 
 “Specified Hedging
Counterparty”: with respect to any Hedging Agreement, any counterparty thereto that, at the time any such Hedging Agreement was entered into, was a Lender or an Affiliate of a Lender. 

“Specified Issuing Lender Commitment”: with respect to JPMCB, its commitment to act as Issuing Lender for $500,000,000
of the L/C Commitment; with respect to DBNY, its commitment to act as Issuing Lender for $400,000,000 of the L/C Commitment; and with respect to any other Issuing Lender, its commitment to act as Issuing Lender for up to a percentage of the L/C
Commitment agreed by the Borrowers and such Issuing Lender. 
 “Subordinated Debt”: unsecured Debt of the
Company and/or any Subsidiary Guarantor that is contractually subordinated and junior in right of payment to the Obligations (as defined in the Guarantee Agreement) and the Secured Obligations (as defined in the Security Agreement) where the
subordination provisions shall be in all respects reasonably satisfactory to the Administrative Agent. 

“Subsidiary”: as to any Person, any corporation, partnership, joint venture, limited liability company, trust or estate
of which (or in which) more than 50% of (a) the voting stock, (b) the interest in the capital or profits of such limited liability company, partnership or joint venture or (c) the beneficial interest in such trust or estate is at the
time directly or indirectly owned or controlled by such Person, by such Person and one or more of its Subsidiaries or by one or more of such Person’s other Subsidiaries. Unless otherwise qualified, all references to a “Subsidiary” or
to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Company. 
 “Subsidiary
Guarantor”: each Restricted Subsidiary of the Company other than (a) any Foreign Subsidiary, (b) MET, (c) MIRMA, (d) REMA, (e) MC Asset Recovery, LLC, (f) RES and (g) MAG (including, with respect to the
Persons referred to in clauses (b) through (g), each of their respective Subsidiaries) and (h) each of the entities listed on Schedule 1.1C (so long as after the date hereof, such Subsidiary does not acquire any material assets), attached
hereto; provided, however, that Subsidiaries of MAG (other than MET and MIRMA and their respective Subsidiaries, which shall not be Subsidiary Guarantors), shall be Subsidiary Guarantors to the extent permitted by Section 102 of
that certain Seventh Supplemental Indenture, dated as of January 3, 2006, between MAG and Wells Fargo Bank, National Association; provided, further, however, none of the Mirant New York Parties shall be a Subsidiary
Guarantor unless and until such Mirant New York Party shall have received the New York Regulatory Approvals referred to in Section 6.11. 
 “Swap Agreement”: any agreement, including any Hedging Agreement, with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled
by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any
combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Company or any of its
Subsidiaries shall be a “Swap Agreement”. 
 “Synthetic Lease Obligation”: the monetary obligation of
a Person under a so-called synthetic, off-balance sheet or tax retention lease. 

  
 27 

  

“Taxes”: any present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other
charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Commitment”: as to any Lender, the obligation of such Lender, if any, to make a Term Loan to the Borrowers on the
Closing Date in a principal amount not to exceed the amount set forth under the heading “Term Commitment” opposite such Lender’s name on Schedule 1.1A. The aggregate amount of the Term Commitments is $700,000,000. 

“Term Lender”: each Lender that has a Term Commitment or that holds a Term Loan. 

“Term Loan”: as defined in Section 2.1. 
 “Term Loan Termination Date”: the seventh anniversary of the Closing Date. 
 “Term Percentage”: as to any Term Lender at any time, the percentage which such Lender’s Term Commitment then constitutes of the aggregate Term Commitments (or, at any time after the
Closing Date, the percentage which the aggregate principal amount of such Lender’s Term Loans then outstanding constitutes of the aggregate principal amount of the Term Loans then outstanding). 

“Threshold Amount”: on any date of determination, that such Subsidiary or Subsidiaries had either (i) $25,000,000
or more of EBITDA during the four-fiscal quarter period most recently ended or (ii) assets the aggregate book value of which was $50,000,000 or more. 
 “Total Revolving Commitments”: at any time, the aggregate amount of the Revolving Commitments then in effect. The original amount of the Total Revolving Commitments is $788,000,000.

 “Total Revolving Extensions of Credit”: at any time, the aggregate amount of the Revolving Extensions of
Credit of the Revolving Lenders outstanding at such time. 
 “Tranche”: the respective Facility and commitments
utilized in making Loans hereunder, including one or more Tranches of Incremental Term Loans. 
 “Transaction”:
as defined in the recitals hereto. 
 “Transferee”: any Assignee or Participant. 

“Type”: as to any Loan, its nature as an ABR Loan or a Eurodollar Loan. 

“United States”: the United States of America. 
 “Unrestricted Subsidiaries”: The entities listed on Schedule 1.1D and any Subsidiary of the Company that is designated by the Company as an Unrestricted Subsidiary, but only to the extent
that such Subsidiary (i) has no Debt with substantial recourse to the Company or a Restricted Subsidiary; provided that substantial recourse shall not be deemed to exist by reason of normal and customary sponsor support arrangements,
including, without limitation, services and operational and administrative support, (ii) except as permitted under Section 8.7, is not party to any agreement or contract with the Company or a Restricted Subsidiary unless the terms of such
agreement are no less favorable to the Company or such Restricted Subsidiary than those that might be obtained from an unaffiliated third-party, and (iii) is a Person with respect to which neither the Company nor any Restricted Subsidiary has
any direct or indirect obligation to make capital contributions or to maintain such Subsidiary’s financial condition. 

  
 28 

  
 “Weighted
Average Life to Maturity”: when applied to any Debt at any date, the number of years obtained by dividing: 
  

	 	(i)	the sum of the products obtained by multiplying (A) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of
principal, including payment at final maturity, in respect of the Debt, by (B) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by 

 

	 	(ii)	the then outstanding principal amount of such Debt. 

 “Withholding Agent:” any Loan Party and the Administrative Agent. 

1.2. Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement shall have
the same defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto. 
 (b) As used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or thereto, accounting terms relating to any Group Member not defined in
Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP. Unless otherwise specified, all accounting determinations and computations made
hereunder (including under Section 7.1 and the definitions used in such calculation) shall be made in accordance with GAAP. In the event that any Accounting Change (as defined below) shall occur and such change results in a change in the method
of determination or calculation under this Agreement, then the Company and the Administrative Agent agree to enter into good faith negotiations in order to amend such provisions of this Agreement so as to equitably reflect such Accounting Change
with the desired result that the criteria for evaluating the Company and its Subsidiaries consolidated financial condition shall be the same after such Accounting Change as if such Accounting Change had not been made. Until such time as such an
amendment shall have been executed and delivered by the Borrowers, the Administrative Agent and the Majority Lenders, all accounting determinations and computations made hereunder (including under Section 7.1 and the definitions used in such
calculation) shall continue to be calculated or construed as if such Accounting Change had not occurred. “Accounting Change” refers to any change in accounting principles required by the promulgation of any rule, regulation,
pronouncement or opinion by the Financial Accounting Standards Board or, if applicable, the SEC. Unless otherwise expressly provided, Section 7.1 and all defined financial terms shall be computed on a consolidated basis for the Company and its
Subsidiaries, in each case without duplication. Additionally, it is hereby agreed that any requirement to consistently apply GAAP shall not apply to items treated inconsistently by Mirant and its Subsidiaries, on the one hand, and RRI and its
pre-Merger Subsidiaries, on the other hand. 
 (c) As used herein and in the other Loan Documents, and any certificate or other
document made or delivered pursuant hereto or thereto, (i) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”, (ii) the word
“incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings), (iii) the words
“asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, Capital Stock, securities, accounts, leasehold interests and
contract rights, and (iv) references to agreements or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated or otherwise modified
from time to time. 
 (d) The words “hereof”, “herein” and “hereunder” and words of similar
import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. 

(e) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

  
 29 

  
 (f) Notwithstanding
any other provision contained herein, all computations of amounts and ratios referred to in this Agreement shall be made without giving effect to any election under FASB ASC Topic 825 “Financial Instruments” (or any other financial
accounting standard having a similar result or effect) to value any Debt or other liabilities of the Borrowers at “fair value” as defined therein. 
 SECTION 2. AMOUNT AND TERMS OF COMMITMENTS 
 2.1. Term Commitments.
Subject to the terms and conditions hereof, each Term Lender severally agrees to make a term loan (a “Term Loan”) to the Borrowers on the Closing Date in an amount not to exceed the amount of the Term Commitment of such Lender. The
Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Company and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10. Subject to and upon the terms and conditions set forth in
Section 2.21 and in the related Incremental Term Loan Commitment Agreement, each Incremental Term Loan Lender with an Incremental Term Loan Commitment severally agrees to make a term loan or term loans (each, an “Incremental Term
Loan” and, collectively, the “Incremental Term Loans”) to the Borrowers at the time or times set forth in the related Incremental Term Loan Commitment Agreement and in an amount equal to the Incremental Term Loan Commitment
of such Incremental Term Loan Lender. Incremental Term Loans may be ABR Loans or Eurodollar Loans. 
 2.2. Procedure for Term
Loan Borrowing. The Company shall give the Administrative Agent notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Closing Date) requesting that
the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon, New York City time, on
the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Lender. The Administrative Agent shall credit
the account of the Borrowers on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds. 

2.3. Repayment of Term Loans. The principal amount of the Term Loan of each Term Lender shall mature in 28 consecutive
installments (each due on the last day of each calendar quarter, except for the last such installment), commencing on the last day of the first calendar quarter ending after the Closing Date, each of which shall be in an amount equal to such
Lender’s Term Percentage multiplied by (i) in the case of the first 27 such installments, $1,750,000, as reduced from time to time in accordance with Section 2.15(b), and (ii) in the case of the last such installment (which shall
be due on the Term Loan Termination Date), the remaining aggregate principal amount of the Term Loans. The principal amount of the Incremental Term Loans of each Incremental Term Loan Lender shall mature on the dates set forth in the Incremental
Term Loan Commitment Agreement with respect to such Lender. 
 2.4. Revolving Commitments. (a) Subject to the terms
and conditions hereof (and, with respect to any Incremental Revolving Commitments, subject to the terms and conditions of Section 2.22 and the related Incremental Revolving Commitment Agreement), each Revolving Lender and Incremental Revolving
Lender severally agrees to make revolving credit loans (“Revolving Loans”) to each Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to
such Lender’s Revolving Percentage of the L/C Obligations then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Commitment Period each Borrower may use the Revolving Commitments by
borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Company and
notified to the Administrative Agent in accordance with Sections 2.5 and 2.10. 
 (b) The Borrowers shall repay all outstanding
Revolving Loans on the Revolving Termination Date. 

  
 30 

  
 2.5. Procedure for
Revolving Loan Borrowing. (a) The Borrowers may borrow under the Revolving Commitments during the Revolving Commitment Period on any Business Day, provided the Company shall give the Administrative Agent irrevocable notice (which notice
must be received by the Administrative Agent (i) prior to 11:00 A.M., New York City time, three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (ii) prior to 11:00 A.M., New York City time on the
requested Borrowing Date, in the case of ABR Loans (including for purposes of financing payments required by Section 3.5), specifying (A) the amount and Type of Revolving Loans to be borrowed, (B) the requested Borrowing Date and
(C) in the case of Eurodollar Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Period therefor. Any Revolving Loans made on the Closing Date shall initially be ABR Loans. Each borrowing
under the Revolving Commitments shall be in an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the then aggregate Available Revolving Commitments are less than $1,000,000, such lesser amount). Upon receipt of
any such notice from a Borrower, the Administrative Agent shall promptly notify each Revolving Lender thereof. Each Revolving Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account
of the Borrowers at the Funding Office prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Company in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrowers by
the Administrative Agent crediting the account of the Borrowers on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Lenders and in like funds as received by the Administrative
Agent. 
 (b) In the event that either Borrower fails to reimburse any Issuing Lender in accordance with Section 3.5 for
the amount of any draft paid by such Issuing Lender under any Letter of Credit issued by it, and for all other amounts due in connection therewith pursuant to Section 3.5 (the “Reimbursement Payment”), then on the date that the
Reimbursement Payment is due, the Borrowers shall be deemed to have made a request for a borrowing of ABR Loans in an amount equal to the Reimbursement Payment, which deemed request shall not be subject to any condition precedent set forth in
Section 5.2 and shall be irrevocable. Each Revolving Lender acknowledges and agrees that its obligation to make its pro rata share of any such borrowing available to the Administrative Agent is absolute and unconditional and shall not be
affected by any event, happening or circumstance whatsoever, including the failure of any condition precedent set forth in Section 5 to be satisfied at the time of such deemed request. 

2.6. Commitment Fees, etc. (a) The Company agrees to pay to the Administrative Agent for the account of each Revolving Lender a
commitment fee for the period from and including the Closing Date to the last day of the Revolving Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of such Lender during the
period for which payment is made, payable quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the Closing Date. 
 (b) The Company agrees to pay to the Administrative Agent the fees in the amounts and on the dates as set forth in any fee agreements with the Administrative Agent and to perform any other obligations
contained therein. 
 2.7. Termination or Reduction of Revolving Commitments. The Company shall have the right, upon not
less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Commitments or, from time to time, to reduce the amount of the Revolving Commitments; provided that no such termination or reduction of
Revolving Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Commitments. Any
such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Commitments then in effect. 
 2.8. Optional Prepayments. (a) The Borrowers may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty (except as provided below in
Section 2.8(b) with respect 

  
 31 

 
to Term Loans), upon irrevocable notice delivered to the Administrative Agent no later than 11:00 A.M., New York City time, one Business Day prior thereto, in the case of Eurodollar Loans (or
such shorter time as Administrative Agent accepts in its sole discretion), and no later than 11:00 A.M., New York City time, on the same Business Day, in the case of ABR Loans (or such shorter time as Administrative Agent accepts in its sole
discretion), which notice shall specify the date and amount of prepayment and whether the prepayment is of Eurodollar Loans or ABR Loans; provided, that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period
applicable thereto, the Borrowers shall also pay any amounts owing pursuant to Section 2.18. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, the amount
specified in such notice shall be due and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans) accrued interest to such date on the amount prepaid, unless such notice is rescinded in
writing. Partial prepayments of Term Loans and Revolving Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof. 
 (b) In the event the Term Loans are prepaid or repaid in whole or in part by the Borrowers or either of them pursuant to Section 2.8(a) prior to the first anniversary of the date hereof, the
Borrowers shall pay to the Term Lenders a prepayment premium of 1.00% on the amount so prepaid or repaid. 

2.9. Mandatory Prepayments. (a) (i) If within ten (10) Business Days of any date the Company or
any Restricted Subsidiary shall receive Net Cash Proceeds from any Asset Sale or Recovery Event (other than Excluded Proceeds), then, if the Company shall not have delivered a Reinvestment Notice in respect thereof on or prior to such date, the
Company shall apply such Net Cash Proceeds on such date to the prepayment of the Term Loans as set forth in Section 2.9(c). If the Company shall have delivered a Reinvestment Notice in respect thereof, then on the tenth (10th) Business Day after the date of receipt of such Net Cash
Proceeds, the Borrowers shall apply the portion thereof, if any, that neither the Company nor any Restricted Subsidiary intends to use to acquire or repair assets useful in its business to such prepayment. 

(ii) If on or prior to the date falling 365 days after the receipt of Net Cash Proceeds (other than Excluded Proceeds) from a
Reinvestment Event, the Company shall not have delivered a Reinvestment Commitment Notice in respect of the Net Cash Proceeds described in clause (i) above not constituting Excluded Proceeds, the Borrowers shall apply such Net Cash Proceeds on
such date (to the extent not previously so applied or expended) to the prepayment of the Term Loans as set forth in Section 2.9(c). If on or prior to the date falling 365 days after the receipt of Net Cash Proceeds (other than Excluded
Proceeds) from a Reinvestment Event, the Company shall have delivered a Reinvestment Commitment Notice in respect of the Net Cash Proceeds not constituting Excluded Proceeds described in clause (i) above, then (x) on the date of such
notice, the Borrowers shall apply (to the extent not previously so applied or expended) the portion, if any, of such Net Cash Proceeds that the Company or any Restricted Subsidiary has not committed in such notice to use to acquire or to repair
assets useful in its business to such prepayment and (y) on the date falling 18 months from the date of receipt of such Net Cash Proceeds, the Borrowers shall apply any Net Cash Proceeds not applied to the acquisition or repair of assets useful
in its business to such prepayment as set forth in Section 2.9(c) (to the extent not previously so applied). 
 (b) If any
Debt shall be issued or incurred by any Loan Party (other than Debt permitted to be issued or incurred under Section 8.1), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such issuance or incurrence
toward the prepayment of the Term Loans as set forth in Section 2.9(d). 
 (c) Amounts to be applied in connection with
prepayments made pursuant to Section 2.9 shall be applied to the prepayment of the Term Loans in accordance with Section 2.15(b). The application of any prepayment pursuant to Section 2.9 shall be made, first, to ABR Loans and,
second, to Eurodollar Loans. Each prepayment of the Loans under Section 2.9 shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid. 

(d) If the Borrowers are required by this Section 2.9 to prepay any Eurodollar Loans and such prepayment will result in the
Borrowers being required to pay breakage costs under Section 2.18 (any such 

  
 32 

 
Eurodollar Loans, “Affected Loans”), the Company may elect, by written notice to the Administrative Agent so long as no Default or Event of Default shall have occurred and be
continuing, to deposit with the Administrative Agent, on or prior to the date of prepayment of such Affected Loans, 100% (or such lesser percentage elected by the Company) of the principal amounts that otherwise would have been paid in respect of
the Affected Loans and defer the date of prepayment of such Affected Loans to the extent such Loans are cash collateralized as provided in this Section 2.9(d). Such amounts will be held as security for the obligations of the Borrowers hereunder
pursuant to an account control agreement to be entered into in form and substance reasonably satisfactory to the Administrative Agent, with such cash collateral to be released from such cash collateral account (and applied to repay the principal
amount of Affected Loans) upon each occurrence thereafter of the last day of an Interest Period applicable to the relevant Loans (or such earlier date or dates as shall be requested by the Company), with the amount to be so released and applied on
the last day of each Interest Period to be the amount of the relevant Loans to which such Interest Period applies (or, if less, the amount remaining in such cash collateral account); provided that, notwithstanding anything in this Agreement
to the contrary, the Borrowers acknowledge and agree that in calculating the Available Revolving Commitments, such Eurodollar Loans that have not been prepaid in accordance with this Section 2.9(d) shall be treated as Revolving Extensions of
Credit until such unpaid Eurodollar Loans are actually prepaid; and provided further that such unpaid Eurodollar Loans shall continue to bear interest in accordance with Section 2.12 until such unpaid Eurodollar Loans or the related
portion of such Eurodollar Loans, as the case may be, have or has been prepaid. 
 2.10. Conversion and Continuation
Options. (a) The Borrowers may elect from time to time to convert Eurodollar Loans to ABR Loans by the Company giving the Administrative Agent prior irrevocable notice of such election no later than 11:00 A.M., New York City time, on the
Business Day preceding the proposed conversion date, provided that any such conversion of Eurodollar Loans may only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert ABR
Loans to Eurodollar Loans by the Company giving the Administrative Agent prior irrevocable notice of such election no later than 11:00 A.M., New York City time, on the third Business Day preceding the proposed conversion date (which notice shall
specify the length of the initial Interest Period therefor), provided that no ABR Loan under a particular Facility may be converted into a Eurodollar Loan when any Event of Default has occurred and is continuing and the Administrative Agent
or the Majority Facility Lenders in respect of such Facility have determined in its or their sole discretion not to permit such conversions. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof.

 (b) Any Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto
by the Company giving irrevocable notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to
such Loans, provided that no Eurodollar Loan under a particular Facility may be continued as such when any Event of Default has occurred and is continuing and the Administrative Agent has or the Majority Facility Lenders in respect of such
Facility have determined in its or their sole discretion not to permit such continuations, and provided, further, that if the Company shall fail to give any required notice as described above in this paragraph or if such continuation
is not permitted pursuant to the preceding proviso such Loans shall be automatically converted to ABR Loans on the last day of such then expiring Interest Period. Upon receipt of any such notice the Administrative Agent shall promptly notify each
relevant Lender thereof. 
 2.11. Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this
Agreement, all borrowings, conversions and continuations of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate
principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

 2.12. Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each
Interest Period with respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the Applicable Margin. 

  
 33 

  
 (b) Each ABR Loan
shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. 
 (c) (i) If (x) all or a portion of
the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise) or (y) all or a portion of any interest payable on any Loan or Reimbursement Obligation or
any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amounts shall bear interest at a rate per annum equal to the rate that would otherwise be
applicable thereto under this Agreement plus 2%, in each case, with respect to sub-clauses (x) and (y) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). 

(d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c)
of this Section shall be payable from time to time on demand. 
 2.13. Computation of Interest and Fees.
(a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to ABR Loans the rate of interest on which is calculated on the basis of the Prime Rate, the
interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Company and the relevant Lenders of each determination
of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The
Administrative Agent shall as soon as practicable notify the Company and Lenders of the effective date and the amount of each such change in interest rate. 
 (b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on the Borrowers and the Lenders in the absence of
manifest error. The Administrative Agent shall, at the request of the Company, deliver to the Company a statement showing the quotations used by the Administrative Agent in determining any interest rate pursuant to Section 2.12(a). 

2.14. Inability to Determine Interest Rate. If prior to the first day of any Interest Period: 

(a) the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the
Borrowers) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, or 

(b) the Administrative Agent shall have received notice from the Majority Facility Lenders in respect of the relevant
Facility that the Eurodollar Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of making or maintaining their affected Loans
during such Interest Period, 
 the Administrative Agent shall give telecopy or telephonic notice thereof to the Company and Lenders as soon as
practicable thereafter. If such notice is given (x) any Eurodollar Loans under the relevant Facility requested to be made on the first day of such Interest Period shall be made as ABR Loans, (y) any Loans under the relevant Facility that
were to have been converted on the first day of such Interest Period to Eurodollar Loans shall be continued as ABR Loans and (z) any outstanding Eurodollar Loans under the relevant Facility shall be converted, on the last day of the
then-current Interest Period, to ABR Loans. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans under the relevant Facility shall be made or continued as such, nor shall the Borrowers have the right to
convert Loans under the relevant Facility to Eurodollar Loans. 
 2.15. Pro Rata Treatment and Payments. (a) Each
borrowing by the Borrowers from the Lenders hereunder, each payment by the Company on account of any commitment fee and any reduction of the Commitments of the Lenders shall be made pro rata according to the respective Term Percentages or
Revolving Percentages, as the case may be, of the relevant Lenders. 

  
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 (b) Each payment
(including each prepayment) by the Borrowers on account of principal of and interest on the Term Loans shall be made pro rata according to the respective outstanding principal amounts of the Term Loans then held by the Term Lenders. The
amount of each principal prepayment of the Term Loans shall be applied to reduce the then remaining installments of the Term Loans pro rata based upon the respective then remaining principal amounts thereof, provided that, in the case
of any optional prepayment of Term Loans pursuant to Section 2.8, the amount of principal prepayment shall be applied as directed by the Company in its notice issued pursuant to such Section. Amounts prepaid or repaid on account of the Term
Loans or Incremental Term Loans may not be reborrowed. 
 (c) Each payment (including each prepayment) by the Borrowers on
account of principal of and interest on the Revolving Loans shall be made pro rata according to the respective outstanding principal amounts of the Revolving Loans then held by the Revolving Lenders. 

(d) All payments (including prepayments) to be made by the Borrowers hereunder, whether on account of principal, interest, fees or
otherwise, shall be made without setoff or counterclaim and shall be made prior to 2:00 p.m., New York City time, on the due date thereof to the Administrative Agent, for the account of the Lenders, at the Funding Office, in Dollars and in
immediately available funds. The Administrative Agent shall distribute such payments to the Lenders promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a
day other than a Business Day, such payment shall be extended to the next succeeding Business Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next
succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any extension of any payment
of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable rate during such extension. 
 (e) Unless the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender will not make the amount that would constitute its share of such borrowing
available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount available to the Administrative Agent, and the Administrative Agent may, in reliance upon such assumption, make available to the
relevant Borrower a corresponding amount. If such amount is not made available to the Borrowers by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon, at
a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, for the period until such Lender makes such
amount immediately available to the Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing under this paragraph shall be conclusive in the absence of manifest error. If such
Lender’s share of such borrowing is not made available to the Administrative Agent by such Lender within three Business Days after such Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon
at the rate per annum applicable to ABR Loans under the relevant Facility, on demand, from the Borrowers. 
 (f) Unless the
Administrative Agent shall have been notified in writing by the Company prior to the date of any payment due to be made by the Borrowers hereunder that the Borrowers will not make such payment to the Administrative Agent, the Administrative Agent
may assume that the Borrowers are making such payment, and the Administrative Agent may, but shall not be required to, in reliance upon such assumption, make available to the Lenders their respective pro rata shares of a corresponding amount.
If such payment is not made to the Administrative Agent by the Borrowers within three Business Days after such due date, the Administrative Agent shall be entitled to recover, on demand, from each Lender to which any amount which was made available
pursuant to the preceding sentence, such amount with interest thereon at the rate per annum equal to the daily average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender against
the Borrowers. 

  
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 (g) Notwithstanding
anything to the contrary in this Agreement, the Borrowers, with the consent of the Lenders whose Loans are to be purchased or prepaid pursuant to this Section 2.15, shall have the option, from time to time, to purchase or prepay Loans on a
non-pro rata basis and nothing in this Section 2.15 shall prohibit such transactions or require payments made in connection therewith to be made on a pro rata basis; provided that (i) any Loans so purchased or prepaid are cancelled
(and, in the case of any prepayment of Revolving Loans of a Revolving Lender pursuant to this Section 2.15, (x) the applicable Revolving Lender’s Revolving Commitment shall be permanently reduced in proportion to the par value of the
Revolving Loan so purchased or prepaid (and if all of such Revolving Lender’s Revolving Loans are so purchased or prepaid, such Revolving Lender’s entire Revolving Commitment shall be terminated, (y) each L/C Participant’s
Revolving Percentage shall be deemed automatically readjusted to reflect such reduction in Revolving Commitments and (z) if the Revolving Extensions of Credit would otherwise exceed the aggregate Revolving Commitments after giving effect to any
such purchase or prepayment, then the Company shall at the time of such purchase or prepayment cash collateralize for the benefit of the relevant Issuing Lender only the Borrowers’ obligations corresponding to such Revolving Lender’s
Revolving Percentage of the L/C Obligations in accordance with the procedures set forth in Section 9 for so long as such L/C Obligations are outstanding), (ii) at the time of any such purchase or prepayment (x) no Event of Default has
occurred or is continuing and (y) after giving effect to any such purchase or prepayment, the Revolving Extensions of Credit shall not exceed the aggregate Revolving Commitments (after giving effect to the collateralization of Letters of Credit
pursuant to clause (i) above) nor shall the Revolving Commitment of any Lender be increased. 
 2.16. Requirements of
Law. (a) If the adoption of or any change in any Requirement of Law or in the interpretation or application thereof or compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or
other Governmental Authority made subsequent to the date hereof: 
 (i) shall change the basis of taxation of
payments to such Lender in respect of this Agreement, any Letter of Credit, any Application or any Eurodollar Loan made by it (except for changes in the rate of tax on, or determined by reference to, the overall net income or gross income of such
Lender); or 
 (ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or
similar requirement against assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender that is not otherwise included in
the determination of the Eurodollar Rate 
 and the result of any of the foregoing is to increase the cost to such Lender, of making, converting
into, continuing or maintaining Eurodollar Loans or issuing or participating in Letters of Credit, or to reduce any amount receivable hereunder in respect thereof, then, in any such case, the Borrowers shall promptly pay such Lender, upon its
demand, any additional amounts necessary to compensate such Lender for such increased cost or reduced amount receivable. If any Lender becomes entitled to claim any additional amounts pursuant to this paragraph, it shall promptly notify the Company
(with a copy to the Administrative Agent) of the event by reason of which it has become so entitled. 
 (b) If any Lender shall
have determined that the adoption of or any change in any Requirement of Law regarding capital adequacy or in the interpretation or application thereof or compliance by such Lender or any corporation controlling such Lender with any request or
directive regarding capital adequacy (whether or not having the force of law) from any Governmental Authority made subsequent to the date hereof shall have the effect of reducing the rate of return on such Lender’s or such corporation’s
capital as a consequence of its obligations hereunder or under or in respect of any Letter of Credit to a level below that which such Lender or such corporation could have achieved but for such adoption, change or compliance (taking into
consideration such Lender’s or such corporation’s policies with respect to capital adequacy) by an amount deemed by such Lender to be material, then from time to time, after submission by such Lender to the Company (with a copy to the
Administrative Agent) of a written request therefor, the Borrowers shall pay to such Lender such additional amount or amounts as will compensate such Lender or such corporation for such reduction. 

  
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 (c) A certificate as
to any additional amounts payable pursuant to this Section submitted by any Lender to the Company (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. Notwithstanding anything to the contrary in this
Section, the Borrowers shall not be required to compensate a Lender pursuant to this Section for any amounts incurred more than four months prior to the date that such Lender notifies the Company of such Lender’s intention to claim compensation
therefor; provided that, if the circumstances giving rise to such claim have a retroactive effect, then such four-month period shall be extended to include the period of such retroactive effect. The obligations of the Borrowers pursuant to
this Section shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
 2.17. Taxes. (a) All payments made by or on account of any Loan Party under this Agreement or any other Loan Document shall be made free and clear of, and without deduction or withholding for
or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, excluding any
tax imposed on or measured by the net income or net profits or capital (or any franchise or similar tax imposed in lieu thereof) of the Administrative Agent or any Lender as a result of a present or former connection between the Administrative Agent
or such Lender or the principal office or applicable lending office of such Lender or any subdivision thereof or therein and the jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or
therein (other than any such connection arising solely from the Administrative Agent or such Lender having executed, delivered or performed its obligations or received a payment under, or enforced, this Agreement or any other Loan Document);
provided that, if any such non-excluded taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Non-Excluded Taxes”) or Other Taxes are required to be withheld or deducted from any amounts payable to the
Administrative Agent or any Lender hereunder (as determined by the applicable Withholding Agent in good faith), (i) the applicable Withholding Agent shall deduct such amounts and (ii) the amounts so payable by the applicable Loan Party to
the Administrative Agent or such Lender shall be increased to the extent necessary to yield to the Administrative Agent or such Lender (including any Non-Excluded Taxes and Other Taxes imposed on additional amounts payable pursuant to this section
2.17(a)) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Agreement as if such withholding or deduction had not been made, provided, further, however, that no Loan Party shall
be required to increase any such amounts payable to any Lender with respect to any Non-Excluded Taxes (x) that are attributable to such Lender’s failure to comply with the requirements of paragraph (e) or (f) of this Section or
(y) that are United States withholding taxes resulting from any Requirement of Law in effect (including FATCA) on (and, in the case of FATCA, including any regulations or official interpretations thereof issued after) the date such Lender
becomes a party to this Agreement, except to the extent that such Lender’s assignor (if any) was entitled, at the time of assignment, to receive additional amounts from the Loan Party with respect to such Non-Excluded Taxes pursuant to this
Section 2.17(a). 
 (b) In addition, the Borrowers shall pay, or at the option of the Administrative Agent timely reimburse
it for the payment of, any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) Whenever
any Non-Excluded Taxes or Other Taxes are payable by a Loan Party, within thirty (30) days thereafter such Loan Party shall send to the Administrative Agent for its own account or for the account of the relevant Lender, as the case may be, a
certified copy of a tax receipt received by such Loan Party showing payment thereof or such other document reasonably satisfactory to the Administrative Agent showing payment thereof. If (i) any Non-Excluded Taxes or Other Taxes are imposed
directly on the Administrative Agent or any Lender, (ii) a Loan Party fails to pay any Non-Excluded Taxes or Other Taxes when due to the appropriate Governmental Authority or (iii) a Loan Party fails to remit to the Administrative Agent
the required receipts or other required documentary evidence, the applicable Loan Party shall indemnify the Administrative Agent and the Lenders upon their written request for such amounts, incremental taxes, interest, penalties and reasonable
expenses arising therefrom or with respect thereto that may become payable by the Administrative Agent or any Lender as a result of any such failure in the case of (ii) or (iii), or any such direct imposition in the case of (i). 

  
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 (d) Each Lender shall
severally indemnify the Administrative Agent for any Taxes (but in the case of Non-Excluded Taxes, only to the extent that the Borrowers have not already indemnified the Administrative Agent for any such Non-Excluded Taxes and without limiting the
obligation of the Borrowers to do so) attributable to such Lender that are paid or payable by the Administrative Agent in connection with this Agreement and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. The indemnity under this Section 2.17(d) shall be paid within 10 days after the Administrative Agent delivers to the applicable Lender a certificate stating
the amount of Taxes so paid or payable by the Administrative Agent. Such certificate shall be conclusive of the amount so paid or payable absent manifest error. 
 (e) Each Lender that is a “United States Person” as defined in Section 7701(a)(30) of the Code shall deliver to the Borrowers and the Administrative Agent on or before the date on which it
becomes a party to this Agreement two properly completed and duly signed copies of U.S. Internal Revenue Service Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal withholding tax. Each Lender (or Transferee)
that is not a “United States Person” as defined in Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall deliver to the Borrowers and the Administrative Agent (or, in the case of a Participant, to the Lender
from which the related participation shall have been purchased) (i) two copies of either U.S. Internal Revenue Service Form W-8BEN (with respect to a complete exemption under an income tax treaty) or Form W-8ECI, or Form W-8IMY (accompanied by
applicable underlying Internal Revenue Service forms), or any successors thereto, (ii) in the case of a Non-U.S. Lender claiming exemption from U.S. federal withholding tax under Section 871(h) or 881(c) of the Code with respect to
payments of “portfolio interest”, a statement substantially in the form of Exhibit I and the applicable Form W-8, or any subsequent versions thereof or successors thereto, properly completed and duly signed and executed by such Non-U.S.
Lender claiming complete exemption from U.S. federal withholding tax on all payments by the Borrowers under this Agreement and the other Loan Documents or (iii) any other form prescribed by applicable law as a basis for claiming exemption from
or a reduction in United States federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrowers to determine the withholding or deduction required to be made. Such
forms shall be delivered by each Non-U.S. Lender on or before the date it becomes a party to this Agreement (or, in the case of any Participant, on or before the date such Participant purchases the related participation) and from time to time
thereafter upon the request of the Company or the Administrative Agent. In addition, each Non-U.S. Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by such Non-U.S. Lender. Each Non-U.S.
Lender shall promptly notify the Company and the Administrative Agent at any time it determines that it is no longer in a position to provide any previously delivered certificate (or any other form of certification adopted by the U.S. taxing
authorities for such purpose). Notwithstanding any other provision of this paragraph, a Non-U.S. Lender shall not be required to deliver any form pursuant to this paragraph that such Non-U.S. Lender is not legally able to deliver as a result of a
change in applicable law after the date such Lender becomes a party to this Agreement (or, in the case of any Participant, after the date such Participant purchases the related participation). 

(f) A Lender that is entitled to an exemption from or reduction of non-U.S. withholding tax under the law of the jurisdiction in which a
Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement shall deliver to the Company (with a copy to the Administrative Agent), at the time or times prescribed by applicable law or
reasonably requested by the Company or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate, provided that
such Lender is legally entitled to complete, execute and deliver such documentation and in such Lender’s judgment such completion, execution or submission would not materially prejudice the legal or commercial position of such Lender.

 (g) If the Administrative Agent or any Lender determines, in its sole discretion, that it has received a refund or credit of
any Non-Excluded Taxes or Other Taxes as to which it has been indemnified by a Borrower or with respect to which a Borrower has paid additional amounts pursuant to this Section 2.17, it shall pay over such refund or credit to the Borrowers (but
only to the extent of indemnity payments made, or additional amounts 

  
 38 

 
paid, by the Borrowers under this Section 2.17 with respect to the Non-Excluded Taxes or Other Taxes giving rise to such refund or credit), net of all out-of-pocket expenses of the
Administrative Agent or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund or credit); provided, that the Borrowers, upon the written request of the Administrative
Agent or such Lender, shall repay the amount paid over to the Borrowers (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent
or such Lender is required to repay such refund to such Governmental Authority. This paragraph shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its Taxes
which it deems confidential) to either Borrower or any other Person. 
 (h) The agreements in this Section shall survive the
termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
 2.18. Indemnity.
Each Borrower agrees, jointly and severally, to indemnify each Lender for, and to hold each Lender harmless from, any actual and documented loss or expense determined in accordance with this Section 2.18 that such Lender may sustain or incur as
a consequence of (a) default by either Borrower in making a borrowing of, conversion into or continuation of Eurodollar Loans after the Company has given a notice requesting the same in accordance with the provisions of this Agreement,
(b) default by either Borrower in making any prepayment of or conversion from Eurodollar Loans after the Company has given a notice thereof in accordance with the provisions of this Agreement or (c) the making of a prepayment of Eurodollar
Loans on a day that is not the last day of an Interest Period with respect thereto. Such indemnification may include an amount equal to the excess, if any, of (i) the amount of interest that would have accrued on the amount so prepaid, or not
so borrowed, converted or continued, for the period from the date of such prepayment or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow, convert or continue, the Interest
Period that would have commenced on the date of such failure) in each case at the applicable rate of interest for such Loans provided for herein (excluding, however, the Applicable Margin included therein, if any) over (ii) the amount of
interest (as reasonably determined by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurodollar market. A certificate as to any amounts
payable pursuant to this Section submitted to the Company by any Lender shall be conclusive in the absence of manifest error. Notwithstanding anything to the contrary in this Section, neither Borrower shall be required to compensate a Lender
pursuant to this Section for any loss or expense resulting from any event set forth in clauses (a), (b) or (c) of the first sentence of this Section if such event occurred more than sixty (60) days prior to any demand for
indemnification by such Lender. This covenant shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
 2.19. Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 2.16, 2.17(a) or 2.18(a) with respect to such Lender, it will,
if requested by the Company, use reasonable efforts (subject to overall policy considerations of such Lender) to designate another lending office for any Loans affected by such event with the object of avoiding the consequences of such event;
provided, that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing
in this Section shall affect or postpone any of the obligations of the Borrowers or the rights of any Lender pursuant to Section 2.16, 2.17(a) or 2.18(a). 
 2.20. Replacement of Lenders. The Company shall be permitted to replace any Lender in accordance with Section 11.6 that (a) requests reimbursement for amounts owing pursuant to
Section 2.16 or 2.17(a) or (b) is a Defaulting Lender, with a replacement financial institution; provided that (i) such replacement does not conflict with any Requirement of Law, (ii) the replacement financial institution
shall purchase, at par, all Loans and other amounts owing to such replaced Lender on or prior to the date of replacement in accordance with Section 11.6, (iii) in the case of clause (a) of this Section 2.20 only, the Borrowers
shall be liable to such replaced Lender under Section 2.18 if any Eurodollar Loan owing to such replaced Lender shall be purchased other than on the 

  
 39 

 
last day of the Interest Period relating thereto, (iv) the Administrative Agent and each Issuing Lender shall have consented to the replacement financial institution (such consent not to be
unreasonably withheld), (v) the replaced Lender shall be obligated to cooperate with such replacement in accordance with the provisions of Section 11.6 (it being agreed that the registration and processing fee referred to therein shall not
apply to such transaction), (vi) until such time as such replacement shall be consummated, the Borrowers shall pay all additional amounts (if any) required pursuant to Section 2.16 or 2.17(a), as the case may be, and (vii) any such
replacement shall not be deemed to be a waiver of any rights that the Borrowers, the Administrative Agent or any other Lender shall have against the replaced Lender. In connection with the replacement of any Lender pursuant to this
Section 2.20, the failure by such Lender to execute and deliver assignment documentation shall not impair the validity of the removal of such Lender, and the mandatory assignment of such Lender’s Commitments and 

outstanding Loans and participations in Letters of Credit, as applicable, shall nevertheless be effective without the execution by such Lender of such
assignment documentation. 
 2.21. Incremental Term Loan Commitments. (a) So long as the Incremental Loan Commitment
Requirements are satisfied at the time of the delivery of the request referred to below, the Company shall have the right in coordination with the Administrative Agent as to all of the matters set forth below in this Section 2.21, but without
requiring the consent of any of the Lenders, to request at any time and from time to time after the Closing Date, that one or more Lenders (and/or one or more other Persons which are Eligible Assignees and which will become Lenders) provide
Incremental Term Loan Commitments to the Borrowers and, subject to the terms and conditions contained in this Agreement and in the respective Incremental Term Loan Commitment Agreement, make Incremental Term Loans pursuant thereto; provided,
however, that: 
 (i) no Lender shall be obligated to provide an Incremental Term Loan Commitment as a
result of any such request by the Company, and until such time, if any, as such Lender has agreed in its sole discretion to provide an Incremental Term Loan Commitment and executed and delivered to the Administrative Agent and the Borrowers an
Incremental Term Loan Commitment Agreement as provided in clause (b) of this Section 2.21, such Lender shall not be obligated to fund any Incremental Term Loans; 

(ii) any Lender (including any Eligible Assignee who will become a Lender) may so provide an Incremental Term Loan
Commitment without the consent of any other Lender; 
 (iii) the amount of each Tranche of Incremental Term Loan
Commitments shall be in a minimum aggregate amount for all Lenders which provide an Incremental Term Loan Commitment under such Tranche of Incremental Term Loans (including Eligible Assignees who will become Lenders) of at least $50,000,000 and in
integral multiples of $5,000,000 in excess thereof; 
 (iv) the aggregate amount of all Incremental Term Loan
Commitments provided pursuant to this Section 2.21 plus the aggregate amount of all Incremental Revolving Commitments provided pursuant to Section 2.22 shall not exceed $250,000,000; 

(v) any payable to each Incremental Term Loan Lender in respect of each Incremental Term Loan Commitment shall be
separately agreed to by the Borrowers (or the Company) and each such Incremental Term Loan Lender; 
 (vi) each
Tranche of Incremental Term Loans shall (A) have an Incremental Term Loan Maturity Date of no earlier than the Term Loan Maturity Date, (B) have a Weighted Average Life to Maturity of no less than the Weighted Average Life to Maturity as
then in effect for the Term Loans and (C) be subject to the Applicable Margins as are set forth in the Incremental Term Loan Commitment Agreement governing such Tranche of Incremental Term Loans, 

(vii) the proceeds of all Incremental Term Loans shall be used only for the purposes permitted by Section 6.10;

  
 40 

  
 (viii)
each Incremental Term Loan Commitment Agreement shall specifically designate the Tranche of the Incremental Term Loan Commitments being provided thereunder (which Tranche shall be a new Tranche (i.e., not the same as any existing Tranche of
Incremental Term Loans or other Term Loans) unless the requirements of Section 2.21(c) are satisfied); 

(ix) all Incremental Term Loans (and all interest, fees and other amounts payable thereon) shall be Obligations under
this Agreement and the other applicable Loan Documents; and 
 (x) each Lender (including any Eligible Assignee
who will become a Lender) agreeing to provide an Incremental Term Loan Commitment pursuant to an Incremental Term Loan Commitment Agreement shall, subject to the satisfaction of the relevant conditions set forth in this Section 2.21, make
Incremental Term Loans specified in the Incremental Term Loan Commitment Agreement as provided in Section 2.1 and such Loans shall thereafter be deemed to be Incremental Term Loans under such new Tranche for all purposes of this Agreement and
the other applicable Loan Documents. 
 (b) At the time of the provision of Incremental Term Loan Commitments pursuant to this
Section 2.21, the Borrowers, the Administrative Agent and each such Lender or other Eligible Assignee which agrees to provide an Incremental Term Loan Commitment (each, an “Incremental Term Loan Lender”) shall execute and
deliver to the Administrative Agent an Incremental Term Loan Commitment Agreement, with the effectiveness of the Incremental Term Loan Commitments provided therein to occur on the date set forth in such Incremental Term Loan Commitment Agreement,
which date in any event shall be no earlier than the date on which (i) all fees required to be paid in connection therewith at the time of such effectiveness shall have been paid (including, without limitation, any agreed upon up-front or
arrangement fees owing to the Administrative Agent (or any Affiliate thereof)), (ii) all Incremental Loan Commitment Requirements are satisfied and (iii) all other conditions precedent that may be set forth in such Incremental Term Loan
Commitment Agreement shall have been satisfied or waived. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Incremental Term Loan Commitment Agreement, and at such time, to the extent requested by any
Incremental Term Loan Lender, a Note will be issued, at the Company’s expense, to such Incremental Term Loan Lender. 
 (c)
Notwithstanding anything to the contrary contained above in this Section 2.21, the Incremental Term Loans provided by an Incremental Term Loan Lender or Incremental Term Loan Lenders, as the case may be, pursuant to an Incremental Term Loan
Commitment Agreement shall constitute a new Tranche, which shall be separate and distinct from the existing Tranches pursuant to this Agreement (with a designation which may be made in letters (i.e., A, B, C, etc.), numbers (1, 2, 3, etc.) or a
combination thereof (i.e., A-1, A-2, A-3, B-1, B-2, B-3, C-1, C-2, C-3, etc.), provided that, with the consent of the Administrative Agent, the parties to a given Incremental Term Loan Commitment Agreement may specify therein that the
respective Incremental Term Loans made pursuant thereto shall constitute part of, and be added to, an existing Tranche of Incremental Term Loans or the outstanding Term Loans, so long as the following requirements are satisfied: 

(i) the Incremental Term Loans to be made pursuant to such Incremental Term Loan Commitment Agreement shall have the same
maturity date and shall have the same Applicable Margins as the Tranche of Term Loans or Incremental Term Loans to which the new Incremental Term Loans are being added; 

(ii) the new Incremental Term Loans shall have the same scheduled payments pursuant to Section 2.3 as the then
existing Term Loans or Incremental Term Loans (with the amount of each scheduled repayment applicable to such new Incremental Term Loans to be the same (on a proportionate basis) as is theretofore applicable to the Tranche to which such new
Incremental Term Loans are being added, thereby increasing the amount of each then remaining payment of the respective Tranche proportionately; and 
 (iii) on the date of the making of such new Incremental Term Loans, and notwithstanding anything to the contrary set forth in Section 2, such new Incremental Term Loans shall be added to (and form
part of) each borrowing of outstanding Term Loans or Incremental Term Loans of the respective Tranche on a pro 

  
 41 

 
rata basis (based on the relative sizes of the various outstanding Tranches), so that each Incremental Term Loan Lender will participate proportionately in each then outstanding borrowing of Term
Loans or Incremental Term Loans of the respective Tranche. 
 To the extent the provisions of preceding clause
(iii) require that Lenders making new Incremental Term Loans add such Incremental Term Loans to the then outstanding borrowings of Eurodollar Rate Loans of such Tranche, it is acknowledged that the effect thereof may result in such new
Incremental Term Loans having short Interest Periods (i.e., an Interest Period that began during an Interest Period then applicable to outstanding Eurodollar Rate Loans of such Tranche and which will end on the last day of such Interest Period). In
connection therewith, the Borrowers shall compensate the Incremental Term Loan Lenders making the new Incremental Term Loans of the respective Tranche for funding Eurodollar Rate Loans during an existing Interest Period on such basis as may be
agreed by the Company and the respective Incremental Term Loan Lender or Lenders as may be provided in the respective Incremental Term Loan Commitment Agreement. 
 2.22. Incremental Revolving Commitments. (a) So long as the Incremental Loan Commitment Requirements are satisfied at the time of the delivery of the request referred to below, the Company
shall have the right in coordination with the Administrative Agent as to all of the matters set forth below in this Section 2.22 (and Administrative Agent agrees to so coordinate), but without requiring the consent of any of the Lenders, to
request at any time and from time to time after the Closing Date, that one or more Lenders (and/or one or more other Persons which are Eligible Assignees and which will become Lenders as provided below) provide Incremental Revolving Commitments and,
subject to the applicable terms and conditions contained in this Agreement, make Revolving Loans and participate in Letters of Credit pursuant thereto; provided, however, that: 

(i) no Lender shall be obligated to provide an Incremental Revolving Commitment as a result of any such request by the
Company, and until such time, if any, as such Lender has agreed in its sole discretion to provide an Incremental Revolving Commitment and executed and delivered to the Administrative Agent an Incremental Revolving Commitment Agreement in respect
thereof as provided in clause (b) of this Section 2.22, such Lender shall not be obligated to fund any Revolving Loans in excess of its Revolving Commitment as in effect prior to giving effect to such Incremental Revolving Commitment
provided pursuant to this Section 2.22; 
 (ii) any Lender (including any Eligible Assignee who will become
a Lender) may so provide an Incremental Revolving Commitment without the consent of any other Lender; provided that the consent of the Issuing Lenders shall be required for any Lender providing an Incremental Revolving Commitment (such
consent not to be unreasonably withheld or delayed); 
 (iii) each provision of Incremental Revolving
Commitments on a given date pursuant to this Section 2.22 shall be in a minimum aggregate amount (for all Lenders (including any Eligible Assignee who will become a Lender)) of at least $25,000,000 and in integral multiples of $5,000,000 in
excess thereof; 
 (iv) the aggregate amount of all Incremental Revolving Commitments provided pursuant to this
Section 2.22 plus the aggregate amount of all Incremental Term Loan Commitments provided pursuant to Section 2.21 shall not exceed $250,000,000; and 

(v) all obligations of the Borrowers in connection with Incremental Revolving Commitments (and all Revolving Loans,
interest, fees, obligations to reimburse drawings under Letters of Credit and other amounts payable thereon) shall be Obligations under this Agreement and the other applicable Loan Documents. 
 Notwithstanding anything to the contrary in Section 2.21 or Section 2.22, Incremental Revolving Commitments provided prior to the Closing Date (“Pre-Closing Incremental Revolving
Commitments”) and Incremental Revolving Commitments provided within six months after the Closing Date, to the extent not exceeding $212,000,000 in the aggregate, will not be counted against the limits set forth in clause (iv) of either
Section 2.21 

  
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or Section 2.22. In the case of Pre-Closing Incremental Revolving Commitments, in lieu of compliance with the first sentence of Section 2.22(b), and provided that all other requirements
of this Section 2.22 shall have been satisfied, the provision of such Pre-Closing Incremental Revolving Commitments may be implemented by execution of an addendum to this Credit Agreement in form acceptable to the Incremental Revolving Lender
providing such commitments, the Administrative Agent and the Company. 
 (b) At the time of the provision of Incremental
Revolving Commitments pursuant to this Section 2.22, the Borrowers, the Administrative Agent and each such Lender or other Eligible Assignee which agrees to provide an Incremental Revolving Commitment (each, an “Incremental Revolving
Lender”) shall execute and deliver to the Administrative Agent an Incremental Revolving Commitment Agreement, with the effectiveness of such Incremental Revolving Lender’s Incremental Revolving Commitment to occur on the date set forth
in such Incremental Revolving Commitment Agreement, which date in any event shall be no earlier than the date on which (i) all fees required to be paid in connection therewith at the time of such effectiveness shall have been paid (including,
without limitation, any agreed upon up-front or arrangement fees owing to the Administrative Agent (or any Affiliate thereof)), (ii) all Incremental Loan Commitment Requirements are satisfied, (iii) all other conditions set forth in this
Section 2.22 shall have been satisfied and (iv) all other conditions precedent that may be set forth in such Incremental Revolving Commitment Agreement shall have been satisfied. The Administrative Agent shall promptly notify each Lender
as to the effectiveness of each Incremental Revolving Commitment Agreement, and at such time, (i) the Total Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Incremental
Revolving Commitments, (ii) Schedule 1.1A shall be deemed modified to reflect the revised Revolving Commitments of the affected Lenders and (iii) to the extent requested by any Incremental Revolving Lender, a Note will be issued, at the
Company’s expense, to such Incremental Revolving Lender. 
 (c) At the time of the effective date of any Incremental
Revolving Commitments pursuant to this Section 2.22, the Borrowers shall, in coordination with the Administrative Agent, repay outstanding Revolving Loans of certain of the Revolving Lenders, and incur additional Revolving Loans from certain
other Revolving Credit Lenders (including the Incremental Revolving Lenders), in each case to the extent necessary so that all of the Revolving Lenders participate in each outstanding Borrowing of Revolving Loans pro rata on the basis of their
respective Revolving Commitments (after giving effect to any increase in the Total Revolving Commitments pursuant to this Section 2.22) and with the Borrowers being obligated to pay to the respective Revolving Lenders any costs of the type
referred to in Section 2.18 in connection with any such repayment and/or Borrowing. 
 2.23. Defaulting Lenders.
Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 

(a) Commitment fees shall cease to accrue on the unfunded portion of the Revolving Commitment of such Defaulting Lender pursuant to
Section 2.6; 
 (b) the Revolving Commitment and Revolving Extensions of Credit of such Defaulting Lender shall not be
included in determining whether all Lenders, the Majority Lenders or the Majority Facility Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 11.1);
provided that (i) such Defaulting Lender’s Commitment may not be increased or extended without the consent of such Defaulting Lender and (ii) the principal amount of, or interest or fees payable on, Loans or L/C Obligations may
not be reduced or excused and the scheduled date of payment may not be postponed as to such Defaulting Lender without such Defaulting Lender’s consent; 
 (c) if any L/C Obligations exist at the time such Lender becomes a Defaulting Lender then: 
 (i) all or any part of such Lender’s Revolving Percentage of the L/C Obligations shall be reallocated among the non-Defaulting Lenders in accordance with their respective Revolving Percentages but
only to 

  
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the extent the sum of all non-Defaulting Lenders’ Revolving Extensions of Credit plus such Defaulting Lender’s Revolving Percentage of the L/C Obligations does not exceed the
total of all non-Defaulting Lenders’ Revolving Commitments; 
 (ii) if the reallocation described in clause
(i) above cannot, or can only partially, be effected, the Company shall within one Business Day following notice by the Administrative Agent (which notice the Administrative Agent shall give at the direction of the relevant Issuing Lender),
cash collateralize for the benefit of the relevant Issuing Lender only the Borrowers’ obligations corresponding to 100% of such Defaulting Lender’s Revolving Percentage of the L/C Obligations (after giving effect to any partial
reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 9 for so long as such L/C Obligations are outstanding; 

(iii) if the Company cash collateralizes any portion of such Defaulting Lender’s Revolving Percentage of the L/C
Obligations pursuant to clause (ii) above, the Borrowers shall not be required to pay any fees to such Defaulting Lender pursuant to Section 3.3 with respect to such Defaulting Lender’s Revolving Percentage of the L/C Obligations
during the period such Defaulting Lender’s Revolving Percentage of the L/C Obligations is cash collateralized; 
 (iv) if the Revolving Percentage of the L/C Obligations of the non-Defaulting Lenders is reallocated pursuant to clause (i) above, then the fees payable to the Lenders pursuant to Section 2.6
and Section 3.3 shall be adjusted in accordance with such non-Defaulting Lenders’ Revolving Percentages; and 
 (v) if all or any portion of such Defaulting Lender’s Revolving Percentage of the L/C Obligations is neither reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then,
without prejudice to any rights or remedies of the Issuing Lenders or any other Lender hereunder, all letter of credit fees payable under Section 3.3 with respect to such Defaulting Lender’s Revolving Percentage of the L/C Obligations
shall be payable to the relevant Issuing Lender(s) until and to the extent that such Defaulting Lender’s Revolving Percentage of the L/C Obligations is reallocated and/or cash collateralized. 

In the event that the Administrative Agent, the Borrowers and each relevant Issuing Lender each agrees that a Defaulting Lender has
adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Lenders’ Revolving Percentages of the L/C Obligations shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date
such Lender shall purchase at par such of the Revolving Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Revolving Loans in accordance with its Revolving Percentage.

 2.24. Joint and Several Liability. The Borrowers shall be jointly and severally liable for the Obligations.

 SECTION 3. LETTERS OF CREDIT 
 3.1. L/C Commitment. (a) Subject to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other Revolving Lenders set forth in Section 3.4(a), agrees to
issue Letters of Credit for the account of the Borrowers on any Business Day during the Revolving Commitment Period in such form as may be approved from time to time by such Issuing Lender (such approval not to be unreasonably withheld);
provided that any Issuing Lender is entitled to conclusively rely on advice from the Administrative Agent that the issuance of Letters of Credit is permitted under the Agreement without further inquiry; and provided, further,
that no Issuing Lender shall have any obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment, (ii) the aggregate amount of the Available Revolving
Commitments would be less than zero or (iii) the L/C Obligations with respect to all Letters of Credit issued by such Issuing Lender would exceed such Issuing Lender’s Specified Issuing Lender Commitment. Each Letter of Credit shall
(i) be denominated in Dollars and payable on an “at sight” basis and (ii) expire no later than the 

  
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earlier of (x) the first anniversary of its date of issuance and (y) the date that is five Business Days prior to the Revolving Termination Date; provided, however, that
any Letter of Credit, whether newly requested or an existing Letter of Credit that is extended or automatically renewed, may have an expiration date up to 90 days after the Revolving Termination Date so long as the Borrowers cash collateralizes such
Letter of Credit on or prior to the date which is five Business Days prior to the Revolving Credit Termination Date and the relevant Issuing Lender shall have agreed to provide such Letter of Credit at the time such Letter of Credit or extension is
requested or at the time such existing Letter of Credit is to be automatically renewed, as applicable; provided, further, that any Letter of Credit (other than a Letter of Credit to which Section 2.23(c)(ii) applies) with a
one-year term may provide for the automatic renewal thereof for additional one-year periods (which shall only extend beyond the date referred to in clause (y) above if the condition described in the first proviso of this sentence is satisfied).
In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of Application or other agreement submitted by the Company to, or entered into by the Company with, the Issuing Bank
relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 
 (b) No Issuing Lender shall at
any time be obligated to issue any Letter of Credit if such issuance would conflict with, or cause such Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law. 

3.2. Procedure for Issuance of Letters of Credit. The Company may from time to time request that the relevant Issuing Lender issue
a Letter of Credit by delivering to such Issuing Lender at its address for notices specified herein an Application therefor. Upon receipt of a duly completed and executed Application and any certificates, documents and other papers and information
(referred to herein or in the Application) delivered to the Issuing Lender in connection therewith, the relevant Issuing Lender shall process such Application in accordance with its customary procedures and promptly issue the Letter of Credit
requested thereby (but in no event shall any Issuing Lender be required to issue any Letter of Credit earlier than three (3) Business Days (or such shorter period as such Issuing Lender may agree) after its receipt of the duly completed and
executed Application therefor and all such other certificates, documents and other papers and information referred to herein and therein and relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as
otherwise may be agreed to by such Issuing Lender and the Company. Such Issuing Lender shall furnish a copy of such Letter of Credit to the Borrowers promptly following the issuance thereof. Each Issuing Lender shall promptly furnish to the
Administrative Agent, which shall in turn promptly furnish to the Lenders, notice of the issuance of each Letter of Credit (including the amount thereof). 
 3.3. L/C Fees and Other Charges. (a) The Borrowers shall pay a fee on all the average daily aggregate maximum amount available to be drawn under all outstanding Letters of Credit at a per
annum rate equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility shared ratably among the Revolving Lenders and payable quarterly in arrears on each Fee Payment Date after the issuance date. In
addition, the Borrowers shall pay to each Issuing Lender for its own account a fronting fee in an amount to be agreed by the Company and the relevant Issuing Lender not to exceed 0.125% per annum on the stated amount of each Letter of Credit
issued by such Issuing Lender, payable quarterly in arrears on each Fee Payment Date after the issuance date; provided that such fronting fee shall be at least $100 per quarter for each Letter of Credit. 

(b) In addition to the foregoing fees, the Borrowers shall pay or reimburse each Issuing Lender for such normal and customary costs and
expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. 
 3.4. L/C Participations. (a) Each Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant, and, to induce such Issuing Lender to issue Letters of Credit, each L/C
Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from such Issuing Lender, on the terms and conditions set forth below, for such L/C Participant’s own account and risk an undivided interest equal to such
L/C Participant’s Revolving Percentage in such Issuing Lender’s obligations and rights under and in respect of 

  
 45 

 
each Letter of Credit issued by such Issuing Lender and the amount of each draft paid by such Issuing Lender thereunder. Each L/C Participant agrees with each Issuing Lender that, if a draft is
paid under any Letter of Credit issued by such Issuing Lender for which such Issuing Lender is not reimbursed in full by the Borrowers in accordance with the terms of this Agreement, the Administrative Agent (acting at the direction of the relevant
Issuing Lender) shall make a demand on such L/C Participant to pay to such Issuing Lender upon demand at such Issuing Lender’s address for notices specified herein an amount equal to such L/C Participant’s Revolving Percentage of the
amount of such draft, or any part thereof, that is not so reimbursed. Each L/C Participant’s obligation to pay such amount shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff,
counterclaim, recoupment, defense or other right that such L/C Participant may have against any Issuing Lender, either Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default or an Event of
Default or the failure to satisfy any of the other conditions specified in Section 5, (iii) any adverse change in the condition (financial or otherwise) of either Borrower, (iv) any breach of this Agreement or any other Loan Document
by either Borrower, any other Loan Party or any other L/C Participant or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

(b) If any amount required to be paid by any L/C Participant to any Issuing Lender pursuant to Section 3.4(a) in respect of any
unreimbursed portion of any payment made by such Issuing Lender under any Letter of Credit is paid to such Issuing Lender within three Business Days after the date such payment is due, such L/C Participant shall pay to such Issuing Lender on demand
an amount equal to the product of (i) such amount, times (ii) the daily average Federal Funds Effective Rate during the period from and including the date such payment is required to the date on which such payment is immediately available
to such Issuing Lender, times (iii) a fraction the numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required to be paid by any L/C Participant pursuant to
Section 3.4(a) is not made available to the relevant Issuing Lender by such L/C Participant within three Business Days after the date such payment is due, such Issuing Lender shall be entitled to recover from such L/C Participant, on demand,
such amount with interest thereon calculated from such due date at the rate per annum applicable to ABR Loans under the Revolving Facility. A certificate of the relevant Issuing Lender submitted to any L/C Participant with respect to any amounts
owing under this Section shall be conclusive in the absence of manifest error. 
 (c) Whenever, at any time after any Issuing
Lender has made payment under any Letter of Credit and has received from any L/C Participant its pro rata share of such payment in accordance with Section 3.4(a), such Issuing Lender receives any payment related to such Letter of
Credit (whether directly from a Borrower or otherwise, including proceeds of collateral applied thereto by such Issuing Lender), or any payment of interest on account thereof, such Issuing Lender will distribute to such L/C Participant its
pro rata share thereof; provided, however, that in the event that any such payment received by such Issuing Lender shall be required to be returned by such Issuing Lender, such L/C Participant shall return to such Issuing
Lender the portion thereof previously distributed by such Issuing Lender to it. 
 3.5. L/C Reimbursement Obligation of the
Borrowers. If any draft is paid under any Letter of Credit, the Borrowers shall reimburse the relevant Issuing Lender for the amount of (a) the draft so paid and (b) any Taxes, fees, charges or other costs or expenses incurred by such
Issuing Lender in connection with such payment, not later than 12:00 Noon, New York City time, on (i) the Business Day that the Company receives notice of such draft, if such notice is received on such day prior to 10:00 A.M., New York City
time, or (ii) if clause (i) above does not apply, the Business Day immediately following the day that the Company receives such notice. Each such payment shall be made to the relevant Issuing Lender at its address for notices referred to
herein in Dollars and in immediately available funds. Interest shall be payable on any such amounts from the date on which the relevant draft is paid until payment in full at the rate set forth in (x) until the Business Day next succeeding the
date of the relevant notice, Section 2.12(b) and (y) thereafter, Section 2.12(c). If the Borrowers fail to reimburse any Issuing Lender in accordance with this Section 3.5, the Borrowers shall be deemed to have made a request for
a borrowing of ABR Loans pursuant to Section 2.5(b) as provided in such Section. 

  
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 3.6. Obligations
Absolute. The Borrowers’ obligations under this Section 3 shall be absolute, unconditional and irrevocable under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that either Borrower may have
or have had against any Issuing Lender, any beneficiary of a Letter of Credit or any other Person. Each Borrower also agrees with each Issuing Lender that such Issuing Lender shall not be responsible for, and the Borrowers’ Reimbursement
Obligations under Sections 3.5 shall not be affected by, among other things, the validity, genuineness or enforceability of drafts, documents, Letters of Credit or this Agreement, or any term or provision therein or of any endorsements thereon, even
though such drafts or documents shall in fact prove to be invalid, fraudulent or forged in any respect or any statement therein being untrue or inaccurate in any respect, any dispute between or among either Borrower and any beneficiary of any Letter
of Credit or any other party to which such Letter of Credit may be transferred or any claims whatsoever of either Borrower against any beneficiary of such Letter of Credit or any such transferee or any other event or circumstance whatsoever, whether
or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, any Borrowers’ obligations hereunder. No Issuing Lender shall be
liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit, except for errors or omissions found by a final and nonappealable
decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Issuing Lender. Each Borrower agrees that any action taken or omitted by any Issuing Lender under or in connection with any Letter
of Credit or the related drafts or documents, if done in the absence of gross negligence or willful misconduct, shall be binding on the Borrowers and shall not result in any liability of such Issuing Lender to the Borrowers. 

3.7. Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender that
issued such Letter of Credit shall promptly notify the Company of the date and amount thereof. The responsibility of each Issuing Lender to the Borrowers in connection with any draft presented for payment under any Letter of Credit shall, in
addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are substantially in
conformity with such Letter of Credit. 
 3.8. Applications. To the extent that any provision of any Application related
to any Letter of Credit is inconsistent with the relevant provisions of this Section 3, the provisions of this Section 3 shall apply. 
 3.9. Existing Letters of Credit. On the Closing Date, each Existing Letter of Credit shall, automatically and without further action, be deemed to be a Letter of Credit that has been issued
hereunder as of the Closing Date for all purposes hereunder and under the other Loan Documents. Without limiting the foregoing, (i) each such Existing Letter of Credit shall be included in the calculation of L/C Obligations, (ii) all
liabilities of the Borrowers and the other Loan Parties with respect to such Existing Letters of Credit shall constitute Obligations and (iii) each Lender shall have reimbursement obligations with respect to such Existing Letters of Credit as
provided in Section 3.4. 
 SECTION 4. REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Loans and issue or participate in the
Letters of Credit, each of the Company and GAI hereby represents and warrants to the Administrative Agent and each Lender that: 

4.1. Organization; Power and Authority. The Company and each Restricted Subsidiary (a) is duly organized, validly existing
and in good standing under the laws of the state of its organization and (b) has all requisite corporate, limited partnership or limited liability company power and authority to own its assets and to carry on its business as now conducted and
as proposed to be conducted and is qualified to do business, and is in good standing in every jurisdiction where such qualification is required, except where the failure to have such power and authority and so to qualify would not reasonably be
expected to result in a Material Adverse Effect. 

  
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Each Loan Party has the corporate, limited partnership or limited liability company power to execute, deliver and perform its obligations under each Loan Document to which it is a party, and each
Loan Party has the corporate, limited partnership or limited liability company power to take all action necessary to consummate the transactions contemplated by the Loan Documents to which it is a party. 

4.2. Due Authorization. The execution, delivery and performance by each Loan Party of the Loan Documents to which it is a party
has been duly authorized by all necessary corporate, limited partnership or limited liability company action, as applicable. The Loan Documents have been duly executed and delivered by each Loan Party party thereto. 

4.3. Governmental Approval. Except as would not reasonably be expected to have a Material Adverse Effect, no authorization or
approval or other action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by any Loan Party of any Loan Document to which it is a party or the conduct by any Loan Party of
its business as conducted on the date such representation is made or deemed made, except, in any such case, for those which have been duly obtained or made and are in full force and effect. 

4.4. Binding and Enforceable. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal,
valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms subject to applicable bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of
creditors’ rights generally and to general principles of equity. 
 4.5. No Violation. The execution, delivery and
performance by any Loan Party of this Agreement and the other Loan Documents to which it is a party, the borrowings hereunder and the use of the proceeds thereof does not violate (i) its organizational documents or (ii) in any manner which
has had or would reasonably be expected to have a Material Adverse Effect, any Material Agreement. 
 4.6. No Default. No
Default or Event of Default has occurred and is continuing, other than any Default or Event of Default which has been waived pursuant to Section 11.1. As of the Closing Date, no Loan Party is in default in any material respect under or with
respect to any Material Agreement binding on it that, in the aggregate with other such defaults, would reasonably be expected to have a Material Adverse Effect. 
 4.7. Litigation. No litigation, arbitration or administrative proceeding is currently pending or, to such Borrower’s knowledge, threatened against it or any Restricted Subsidiary (i) to
restrain the entry by any Loan Party into, the enforcement of or exercise of any rights by the Lenders or the Administrative Agent under, or the performance or compliance by any Loan Party with any obligations under, the Loan Documents to which it
is a party or (ii) which has had or would reasonably be expected to have a Material Adverse Effect. 
 4.8. Financial
Condition. The unaudited pro forma consolidated balance sheet of the Company as at June 30, 2010 and the pro forma consolidated statement of operations for the twelve months ended June 30, 2010, copies of
which have heretofore been delivered to the Lenders, present fairly, in all material respects, the pro forma consolidated financial condition of the Company as at said date and the pro forma consolidated results of its
operations for said twelve-month period in a manner consistent with GAAP. As of the Closing Date and except as would not reasonably be expected to have a Material Adverse Effect, neither the Company nor any of its Subsidiaries will have any material
(w) Debt or Guarantee Obligations, (x) contingent liabilities, (y) liabilities for Taxes, or (z) any long-term leases including any interest rate or foreign currency swap or exchange transaction, in each case that are not
reflected in the foregoing financial statements referred to in this Section 4.8 or otherwise expressly disclosed to the Administrative Agent prior to the date hereof. 
 4.9. Material Adverse Change. Since December 31, 2009, there has been no material adverse change in, or material adverse effect on, (i) the financial condition, operations, business or
assets of the Company or its 

  
 48 

 
Subsidiaries, taken as a whole, which would have a material adverse effect on the ability of the Borrowers to pay when due amounts owed by it from time to time under the Facilities, or
(ii) the validity or enforceability of the Loan Documents against the Borrowers or any Subsidiary Guarantor which would have a material adverse effect on the rights, remedies and benefits available to, or conferred upon, the Administrative
Agent or the Lenders, taken as a whole. 
 4.10. Investment Company Act. No Loan Party is an “investment
company”, under the Investment Company Act of 1940, as amended. 
 4.11. Environmental Matters. There has been no
matter with respect to environmental compliance which has had or would reasonably be expected to have a Material Adverse Effect. 
 4.12. Accuracy of Information, etc. The statements and information contained in the Confidential Information Memorandum (other than forward looking statements, projections, information of a general
economic nature, and pro forma financial information, but including publicly filed financial statements expressly incorporated by reference therein) taken as a whole, as of the date of the Confidential Information Memorandum or as of
the Closing Date, are correct in all material aspects and not misleading in light of the circumstances under which such statements are made. The projections and pro forma financial information contained in the Confidential Information
Memorandum were prepared in good faith based upon estimates and assumptions believed by management of the Company to be reasonable at the time made, which are believed by management to remain reasonable as of the Closing Date, it being recognized by
the Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered by such financial information may differ from the projected results set forth therein
by a material amount. 
 4.13. Employee Benefit Plans. Each Plan is in compliance in all material respects with the
applicable provisions of ERISA and the Code and the regulations and published interpretations thereunder, except as would not result in a Material Adverse Effect. No ERISA Event has occurred that, when taken together with all other such ERISA
Events, would result in a Material Adverse Effect. 
 4.14. Tax Returns and Payments. Except as would not reasonably be
expected to have a Material Adverse Effect, each of the Company and its Restricted Subsidiaries has filed or caused to be filed with the appropriate taxing authority, all tax returns, statements, forms and reports for taxes (the
“Returns”) that are required to be filed by, or with respect to the income, properties or operations of, the Company and/or any of its Restricted Subsidiaries, and all such Returns are complete and accurate, and have paid or caused
to be paid all taxes shown to be due and payable on said Returns (other than those the amount or validity of which is contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on
the books and records of the relevant entities). 
 4.15. Security Documents. (a) The provisions of the Security
Documents are effective to create a legal, valid and enforceable security interest in all right, title and interest of the Borrowers and each Subsidiary Guarantor in the assets subject thereto subject to no other Liens (except Liens permitted by
Section 8.3) which, upon completion of the filings and other actions required by the Loan Documents (including the filing of financing statements specified on Schedule 4.15(a)), will constitute valid perfected security interests in such of the
Collateral as to which such perfection is required under the Loan Documents in favor of the appropriate Collateral Trustee for the ratable benefit of the Secured Parties. 
 4.16. Ownership of Property. Except as would not reasonably be expected to have a Material Adverse Effect, such Borrower and each Restricted Subsidiary has good and marketable title to, or a
subsisting leasehold interest in or right to use, all material real property necessary for its operations free and clear of all Liens, except as permitted by Section 8.3. 
 4.17. Subsidiaries. Schedule 4.17 sets forth the name and jurisdiction of incorporation of each Person that as of the date hereof will be a Subsidiary of the Company after giving effect to the
Transaction and, as to 

  
 49 

 
each such Subsidiary, the percentage of each class of Capital Stock that will be owned by the Company on the Closing Date after giving effect to the Transaction. The shares of Capital Stock or
other ownership interests in the Subsidiaries are or on the Closing Date will be fully paid and non-assessable and will be owned by the Company on the Closing Date, directly or indirectly, free and clear of all Liens (other than as permitted by
Section 8.3). 
 SECTION 5. CONDITIONS PRECEDENT 

5.1. Conditions to Initial Extension of Credit. The agreement of each Lender to make the initial extension of credit requested to
be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent: 

(a) Credit Agreement; Guarantee Agreement, etc. The Administrative Agent shall have received (i) this
Agreement or, in the case of the Lenders, an Addendum, executed and delivered by the Administrative Agent, the Borrowers and each Person listed on Schedule 1.1A, (ii) the Guarantee Agreement, executed and delivered by each Subsidiary Guarantor,
(iii) the Security Agreement, executed and delivered by the Borrowers and each Subsidiary Guarantor, (iv) an Acknowledgement and Consent in the form attached to the Security Agreement, executed and delivered by each Issuer (as defined
therein) that is a Subsidiary of the Company and is not a Loan Party (to the extent its Capital Stock is required to be pledged thereunder) and (iv) the Collateral Trust Agreement, executed and delivered by the Borrowers, each Subsidiary
Guarantor, Collateral Trustee and the Administrative Agent. 
 (b) Closing Certificate. The Credit
Parties shall have executed and delivered to the Administrative Agent certificates, substantially in the forms of Exhibit E-1 and Exhibit E-2, which shall include a certificate of incumbency, and attached to which shall be (i) the certificate
of incorporation and bylaws or other similar governing document of each Loan Party, (ii) resolutions of the board of directors, member, managing manager or general partner, as applicable, of each Loan Party authorizing the Loan Parties to
execute the Loan Documents, and (iii) a short-form good standing certificate for each Loan Party from its jurisdiction of organization (to the extent officials in such jurisdiction provide such certificates). The Company shall have also
delivered a customary certification by the chief financial officer as to the solvency of the Company. 
 (c)
Representations and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects on and as of the Closing Date, except to the extent that
such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date. 

(d) No Default or Event of Default. No Default or Event of Default shall have occurred and be continuing on the
Closing Date or after giving pro forma effect to the Transaction and the extensions of credit requested to be made on the Closing Date and the application of proceeds therefrom. 

(e) Merger. The Transaction (including the Merger) shall be consummated simultaneously with the initial funding
hereunder in accordance with applicable law. All aspects of the Merger shall be consummated in accordance with the Merger Agreement and no provision of the Merger Agreement shall have been amended, supplemented, waived or otherwise modified in a
manner materially adverse to the Lenders without the prior written consent of the Arrangers, which consent may not be unreasonably withheld. 
 (f) Fees. The Lenders and the Arrangers shall have received all fees required to be paid on or before the Closing Date, and the Arrangers shall have received reimbursement for all of their
documented out-of-pocket expenses payable by the Company in connection with this Agreement and billed at least one (1) day prior to the Closing Date. All such amounts shall be paid with proceeds of Loans made on the Closing Date and shall be
reflected in the funding instructions given by the Company to the Administrative Agent on or before the Closing Date. 

  
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 (g)
Restructuring of Debt. (i) All amounts due or outstanding in respect of the Debt outstanding under the Existing Credit Agreements, the Existing RRI Secured Notes and the Existing MNA Senior Notes shall have been (or substantially
simultaneously with the initial funding hereunder shall be) paid in full or, in the case of the Existing RRI Secured Notes or the Existing MNA Senior Notes discharged in accordance with Section 8.02 and Section 8.1, respectively, of the
indenture relating thereto, all commitments (if any) in respect thereof terminated and all guarantees (if any) therefor and security (if any) thereof discharged and released; provided, however, that this condition shall not apply with
respect to the Existing RRI Secured Notes if RRI obtains consent for the Transaction from the holders of a majority in aggregate principal amount of such notes outstanding in form and substance reasonably satisfactory to the Arrangers, and
(ii) the defeasance of the Existing PEDFA Bonds shall have been (or substantially simultaneously with the initial funding hereunder shall be) effective and RRI’s and its Subsidiaries’ obligations under the guarantees in respect of the
Existing PEDFA Bonds and the Liens securing such guarantees shall have been, in each case, discharged and released; provided, however, that this condition shall not apply with respect to any series of Existing PEDFA Bonds as to which
RRI obtains consent for the Transaction from the holders of a majority in aggregate principal amount of such series of Existing PEDFA Bonds outstanding in form and substance reasonably satisfactory to the Arrangers. 

(h) No Material Secured Debt. After giving effect to the repayments and refinancings of Debt that shall occur on
the Closing Date, the Loan Parties shall have no material secured Debt other than under the Loan Documents (with the aggregate principal amount of the Term Facility on the Closing Date not to exceed $700,000,000 minus the aggregate principal
amount of Existing RRI Secured Notes and Existing PEDFA Bonds which remain outstanding on the Closing Date) without the consent of the Arrangers. 
 (i) Governmental Approvals. Except as would not reasonably be expected to have a Material Adverse Effect, all governmental and third party approvals necessary in connection with the Transaction
shall have been obtained and be in full force and effect. 
 (j) Lien Searches. The Lenders shall have
received the results of a recent Lien search in each relevant jurisdiction with respect to the Loan Parties, and such search shall reveal no Liens on any of the assets of the Loan Parties except for Liens permitted by the Loan Documents or Liens to
be discharged on or prior to the Closing Date pursuant to documentation satisfactory to the Arrangers. 
 (k)
Filings, Registrations and Recordings. Each document (including, without limitation, any Uniform Commercial Code financing statement) required by the Loan Documents to be filed, registered, recorded or delivered to the Collateral
Trustees in order to create in favor of the Collateral Trustees, for the benefit of the Secured Parties, a perfected Lien on the Collateral described therein shall have been filed, registered or recorded or shall have been delivered to such
Collateral Trustees in proper form for filing, registration or recordation, including, without limitation: (i) if certificated, the certificates representing the Capital Sock pledged pursuant to the Security Documents, together with an undated
stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof, and (ii) in connection with Collateral consisting of real estate, customary documentation (including Mortgages with respect to the
Mortgaged Properties) to the extent reasonably requested by the Administrative Agent, in each case as and to the extent required by the Loan Documents; provided, however, to the extent, after the exercise by the Company of its
commercially reasonable efforts without undue burden or expense, any Collateral cannot be granted or perfected on the Closing Date (other than the grant of security interests in, and delivery of items required for perfection with respect to,
(i) material assets with respect to which a Lien may be perfected solely by the filing of a financing statement under the Uniform Commercial Code, (ii) Capital Stock with respect to which a Lien may be perfected by the delivery of a stock
certificate and (iii) the Mortgaged Properties, then the provision of such Collateral shall not constitute a condition precedent, but may instead be provided after the Closing Date pursuant to arrangements reasonably satisfactory to the
Administrative Agent. 

  
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 (l)
Legal Opinions. The Administrative Agent shall have received such executed legal opinions (including opinions from counsel to the Company and its Subsidiaries (which may, with respect to certain matters, include in-house counsel)) as are
customary for transactions of this type or as the Administrative Agent may reasonably require. 
 (m) No
Material Adverse Effect. Since December 31, 2009, there shall not have occurred any event, development, condition or circumstance, not disclosed in the Company’s or Mirant’s public filings made pursuant to the Securities Exchange
Act of 1934, as amended, before July 2, 2010, that has had a Material Adverse Effect. 
 (n) Pro Forma
Financial Statements. The Lenders shall have received a pro forma condensed combined balance sheet of the Company and its consolidated Subsidiaries as of June 30, 2010, adjusted to give effect to the Transaction as if the
Transaction had occurred on June 30, 2010 and a pro forma condensed combined statement of operations for the twelve months ended June 30, 2010, adjusted to give effect to the Transaction as if the Transaction had occurred on
January 1, 2009. 
 (o) Minimum Proceeds. The Company shall have received at least $1,900,000,000
(minus the amount of Existing RRI Secured Notes and Existing PEDFA Bonds which remain outstanding on the Closing Date in accordance with Section 5.1(g)) in gross cash proceeds from the issuance of senior unsecured notes and the borrowing of
Term Loans (without giving effect to the original issue discount in respect of the Term Loans), and the Arrangers shall be reasonably satisfied with the terms and conditions of the documentation for such senior unsecured notes. 

(p) Patriot Act. The Administrative Agent and the Lenders shall have received all documentation and other
information reasonably requested by them in order to comply with their ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, as amended (the “Patriot Act”). 
 (q) Closing Date. The Closing Date shall have occurred on or prior to December 31, 2010; provided, however, that the deadline for the occurrence of the Closing Date for the Term
Commitment of each Term Lender, for the Revolving Commitment of each consenting Revolving Lender and for the commitment of each consenting Issuing Lender shall be extended to the Extended Expiration Date, provided that Revolving Lenders
holding not less than $750,000,000 of Revolving Commitments consent to such Extended Expiration Date. 
 5.2. Conditions to
Each Extension of Credit. The agreement of each Lender to make any extension of credit (other than continuations or conversions and the funding of drawings under Letters of Credit) requested to be made by it on any date (including its initial
extension of credit) is subject to the satisfaction of the following conditions precedent: 
 (a)
Representations and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents (other than those set forth in Sections 4.7, 4.9 and 4.12 of this Agreement) shall be true and correct in
all material respects on and as of such date as if made on and as of such date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material
respects as of such earlier date. 
 (b) No Default. No Default or Event of Default shall have occurred
and be continuing on such date or after giving effect to the extensions of credit requested to be made on such date and the application of proceeds therefrom. 
 Each borrowing by and issuance of a Letter of Credit on behalf of a Borrower hereunder shall constitute a representation and warranty by the Borrowers as of the date of such extension of credit that the
conditions contained in this Section 5.2 have been satisfied. 

  
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 SECTION
6. AFFIRMATIVE COVENANTS 
 Each Borrower hereby agrees that, from and after the Closing Date and so long as the
Commitments remain in effect, any Letter of Credit remains outstanding (if neither (x) cash collateralized in accordance with the terms of this Agreement nor (y) supported with a back-to-back letter of credit reasonably acceptable to the
relevant Issuing Lender) or any Loan is due and owing to any Lender or the Administrative Agent hereunder: 
 6.1. Compliance
with Law; Maintenance of Existence. (a) Each Loan Party and its Subsidiaries shall comply with all Requirements of Law (including Environmental Laws) applicable to such Loan Party and such Subsidiaries in the conduct of their respective
businesses except where (x) such requirements are being contested in good faith by appropriate proceedings diligently conducted or (y) the failure to do so would not reasonably be expected to have a Material Adverse Effect; and
(b) each Loan Party shall preserve, renew and keep in full force and effect its organizational existence except as otherwise permitted by Section 8.4. 
 6.2. Financial Statements. The Company shall furnish to the Administrative Agent with copies for each Lender (provided that the Company shall be deemed to have so delivered such materials if
the Company provides written notice (which may be in electronic form) of the making or filing of any financial statements required in this clause (a) and the same are continuously available on “EDGAR,” the Electronic Data
Gathering Analysis and Retrieval system of the SEC): 
 (a) within the earlier of (x) ninety (90) days
after the end of each fiscal year of the Company (beginning with the fiscal year ended December 31, 2010) and (y) five (5) Business Days of the date on which such financial statements are filed with the SEC, an audited consolidated
balance sheet of the Company and its consolidated Subsidiaries as of the end of and for such fiscal year, and the related audited consolidated statements of income or operations, stockholders’ equity, comprehensive income (loss) and cash flows
for such fiscal year duly certified by the independent accountants of the Company and such financial statements shall be prepared in accordance with GAAP; and 
 (b) within the earlier of (x) sixty (60) days after the end of each fiscal quarter (other than the last fiscal quarter) of each fiscal year of the Company (commencing with the fiscal quarter
ending March 31, 2011) and (y) five (5) Business Days of the date on which such financial statements are filed with the SEC, unaudited consolidated balance sheet of the Company and its consolidated Subsidiaries as of the end of and
for such fiscal quarter, and the related unaudited consolidated statements of income or operations for such fiscal quarter and for the portion of the Company’s fiscal year then ended and cash flows for the portion of the Company’s fiscal
year then ended, duly certified (subject to year-end adjustments) by the chief financial officer or treasurer, assistant treasurer or the controller of the Company as having been prepared in accordance with GAAP, subject to normal year-end audit
adjustments and the absence of footnotes. 
 All such financial statements shall present fairly the financial condition of the
Company and its consolidated Subsidiaries and shall be prepared in accordance with GAAP. 
 6.3. Certificates; Other
Information. The Company shall furnish to the Administrative Agent with copies for each Lender (or, in the case of clause (c), to such Lender or, in the case of clauses (d) and (e), to the Administrative Agent): 

(a) concurrently with the delivery of any financial statements pursuant to Section 6.2, a Compliance Certificate of
a Responsible Officer of the Company (i) certifying that to the knowledge of such officer, no Event of Default or Default has occurred or, if an Event of Default or Default has occurred, specifying the nature and extent thereof and any
corrective action taken or proposed to be taken with respect thereto and (ii) setting forth computations in reasonable detail satisfactory to the Administrative Agent demonstrating compliance with Section 7.1; 

  
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 (b) as
soon as available, and in any event no later than sixty (60) days after the end of each fiscal year of the Company, a detailed consolidated budget for the following fiscal year prepared on a quarterly basis (including a projected consolidated
balance sheet of the Company and its Subsidiaries as of the end of the following fiscal year, the related consolidated statements of projected cash flow, projected changes in financial position and projected income and a description of the
underlying assumptions applicable thereto) (collectively, the “Projections”), which Projections shall in each case be accompanied by a certificate of a Responsible Officer stating that such Projections are prepared in good faith
based on estimates, information and assumptions that such Responsible Officer believes to be reasonable at the time they are prepared; 
 (c) promptly after the request by any Lender, all documentation and other information that such Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your
customer” and anti-money laundering rules and regulations, including the Patriot Act; 
 (d) as soon as
reasonably practicable, such additional financial and other information relating to the then existing financial condition of the Company and the Restricted Subsidiaries as the Administrative Agent may from time to time reasonably request, except
when the disclosure thereof is prohibited by law or by regulatory requirement and except that the Company may condition such disclosure on such additional confidentiality agreements as it may deem necessary (in addition to the confidentiality
provisions under this Agreement); and, 
 (e) promptly following receipt thereof, copies of any documents
described in Sections 101(k) or 101(l) of ERISA that any Loan Party or any ERISA Affiliate may request with respect to any Multiemployer Plan; provided that if the Loan Parties or any of their ERISA Affiliates have not requested such
documents or notices from the administrator or sponsor of the applicable Multiemployer Plan, then, upon reasonable request of the Administrative Agent, the Loan Parties and/or their ERISA Affiliates shall promptly make a request for such documents
or notices from such administrator or sponsor and the Company shall provide copies of such documents and notices to the Administrative Agent (on behalf of each Lender) promptly after receipt thereof. 

6.4. Notices. The Company shall, after a Responsible Officer obtains knowledge thereof, promptly give notice to the Administrative
Agent of: 
 (a) the occurrence of any Default or Event of Default that is continuing; 

(b) the occurrence of any ERISA Event that, alone or together with any other ERISA Event, would reasonably be expected to
have a Material Adverse Effect; 
 (c) any litigation, investigation or proceeding affecting any Loan Party that
may exist at any time that would reasonably be expected to have a Material Adverse Effect. 
 Each notice pursuant to this
Section 6.4 shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to therein and stating what action the Company proposes to take or cause to be taken with respect thereto. 

6.5. Inspection. Each Borrower shall permit the Administrative Agent or any other Lender or any agents or representatives thereof
(at the expense of the Administrative Agent and/or such Lender unless an Event of Default has occurred and is continuing), to examine and make copies of and abstracts from records and books of, and visit the properties of, such Borrower to discuss
the affairs, finances and accounts of such Borrower with any of its officers or directors and with its independent certified public accountants (in the presence of such Borrower) from time to time during normal business hours upon reasonable advance
notice. The Administrative Agent and the Lenders agree to coordinate and consolidate their visits (and their agents’ and representatives’ visits) pursuant to this Section 6.5 (including the examination of books and records and the
making of copies and abstracts of books and records) at mutually convenient times and in such a manner so as to cause minimum disruption to the operations of the Borrower and to minimize costs associated with such visits. 

  
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 6.6. Maintenance of
Property; Insurance. The Company shall, and shall cause each Restricted Subsidiary to (a) keep all material property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted except
(x) if in the good faith business judgment of the Company it is in its economic interest not to preserve and maintain such property or (y) the failure to do so would not reasonably be expected to have a Material Adverse Effect and
(b) maintain with financially sound and reputable insurance companies (or through prudent self-insurance programs or prudent captive insurance arrangements) insurance on all its property in at least such amounts and against at least such risks
as are usually insured against in the same general area by companies engaged in the same or a similar business to the extent available on commercially reasonable terms. 
 6.7. Subsequent Acquired Property; New Subsidiaries. (a) The Company shall with respect to any material property acquired after the date hereof by the Company or any other Loan Party (other
than to the extent the applicable Loan Party is prohibited from granting such Lien by applicable law or any contractual limitation applicable to such Loan Party not incurred in contemplation of such acquisition) as to which the Collateral Trustee,
for the benefit of the Secured Parties, does not have a perfected Lien, to the extent required by the Security Agreement, promptly (or on the Closing Date, if acquired before the Closing Date) (i) execute and deliver to the Collateral Trustee
(with copies to the Administrative Agent) such amendments to the Security Documents or such other documents as the Administrative Agent reasonably deems necessary or advisable to grant to the Collateral Trustee, for the benefit of the Secured
Parties, a security interest in such property and (ii) take all actions necessary or advisable to grant to the Collateral Trustee, for the benefit of the Secured Parties, a perfected first priority security interest in such property, including
the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Security Documents or by law or as may be requested by the Administrative Agent); provided that the Company and its Subsidiaries shall
not be required to take any action to (A) perfect the security interests in deposit and investment accounts; (B) perfect any security interest in vehicles; (C) perfect any security interest in government contracts or commercial tort
claims; (D) perfect any security interests in any Collateral (other than Capital Stock of Subsidiaries that is certificated) by possession; (E) grant or perfect any security interest under any law other than the laws of the United States,
any state thereof or the District of Columbia; or (F) take any other steps to perfect security interests where the cost of perfection is not reasonably justified by the practical value of the Collateral. 

(b) The Company shall, with respect to any fee interest in any real property having a value (together with improvements thereof) of at
least $25,000,000 acquired after the date hereof by any Loan Party (other than to the extent the applicable Loan Party is prohibited from granting such Lien by applicable law or any contractual limitation applicable to such Subsidiary Guarantor not
incurred in contemplation of such acquisition), promptly (or on the Closing Date, if acquired before the Closing Date) (i) execute and deliver a first priority Mortgage in favor of the Collateral Trustee, for the benefit of the Secured Parties,
covering such real property and (ii) if reasonably requested by the Administrative Agent, provide the Lenders with title and extended coverage insurance covering such real property in an amount at least equal to the purchase price of such real
property (or such other amount as shall be reasonably specified by the Administrative Agent); provided, that no environmental surveys or assessments will be required in connection with any Mortgages. Administrative Agent agrees to cooperate
with the Company to reduce mortgage recording taxes in states with high recording taxes. 
 (c) If any additional Subsidiary is
formed or acquired after the date hereof or any Subsidiary ceases to be an Unrestricted Subsidiary or a Foreign Subsidiary, the Company shall promptly notify the Administrative Agent thereof. The Company shall with respect to any new Subsidiary
(other than a Foreign Subsidiary or a new Subsidiary prohibited from granting such Lien by applicable law or any contractual limitation applicable to such Subsidiary Guarantor at the time it becomes a Subsidiary and not incurred in contemplation
thereof) created or acquired after the date hereof by any Loan Party (which, for the purposes of this paragraph (c), shall be deemed to include (x) any existing Subsidiary that ceases to be a Foreign Subsidiary and (y) any existing
Subsidiary that is no longer an Unrestricted Subsidiary), promptly (or on the Closing Date, if acquired before the Closing Date) (i) execute and deliver to the Collateral Trustee (with copies to the Administrative Agent) such amendments to the
Security Agreement as the Administrative Agent reasonably deems necessary or advisable to grant to the 

  
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Collateral Trustee, for the benefit of the Secured Parties, a perfected first priority security interest in the Capital Stock of such Subsidiary that is owned by any Loan Party (provided,
however, that (A) in the case of a Foreign Subsidiary, in no event shall more than 65% of the total outstanding voting Capital Stock of any such new Subsidiary be required to be so pledged and, (B) no such grant or perfection of
security interests shall be required to be made under any law other than laws of the United States, any state thereof or the District of Columbia), (ii) deliver to the Collateral Trustee (with copies to the Administrative Agent) any
certificates representing such Capital Stock, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant Loan Party, (iii) if such new Subsidiary is a Restricted Subsidiary (other than any
new Subsidiary of MIRMA, MET, or REMA), cause such new Restricted Subsidiary (A) to execute an Assumption Agreement in the form attached as Annex 1 to the Guarantee Agreement, (B) to take such actions as are required by the Security
Agreement to grant to the Collateral Trustee for the benefit of the Secured Parties a perfected first priority security interest in the Collateral described in the Security Agreement with respect to such new Restricted Subsidiary, including the
filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Security Agreement or by law or as may be reasonably requested by the Administrative Agent and (C) to deliver to the Administrative Agent a
certificate of such Subsidiary, substantially in the form of Exhibit C, with appropriate insertions and attachments, and (iv) if such new Subsidiary is a Foreign Subsidiary, subject to the proviso in clause (i) above, cause such new
Subsidiary to take such other action as may be necessary or, in the opinion of the Administrative Agent, desirable to perfect the Collateral Trustee’s security interest therein. 

(d) The Company shall promptly (i) notify the Administrative Agent in writing of the designation of any Subsidiary as an
“Unrestricted Subsidiary” and (ii) deliver to the Administrative Agent a certificate signed by a Responsible Officer certifying that such designation complied with the conditions set forth in the definition of “Unrestricted
Subsidiary”. 
 6.8. Collateral Information. The Company shall, and shall cause each Restricted Subsidiary to,
furnish to the Administrative Agent prompt written notice of any change (i) in any Loan Party’s corporate name, (ii) in the jurisdiction of organization or formation of any Loan Party from that referred to in Section 3.2 of the
Security Agreement, or (iii) in any Loan Party’s Federal Taxpayer Identification Number. The Company agrees not to effect or permit any change referred to in the preceding sentence unless all filings are timely made under the Uniform
Commercial Code or otherwise that are required in order for the Administrative Agent to continue at all times following such change to have a valid, legal and perfected security interest in all of the Collateral. 

6.9. Further Assurances. The Company shall, and shall cause each Restricted Subsidiary to, execute any and all further documents,
financing statements, agreements and instruments, and take all further action (including filing Uniform Commercial Code and other financing statements, Mortgages and deeds of trust and delivering to the Collateral Trustee (with copies to the
Administrative Agent) certificates representing securities pledged under the Security Documents) that may be required under applicable law, or that the Majority Lenders or the Administrative Agent may reasonably request, in order to grant, preserve,
protect and perfect the validity and priority of the security interests created or intended to be created by the Security Documents. 
 6.10. Use of Proceeds. The proceeds of the Loans and the Letters of Credit shall be used for general corporate purposes. No part of the proceeds of any Loan or other extension of credit under this
Agreement, shall be used for any purpose that violates the provisions of the Regulation T, U or X of the Board. 
 6.11. New
York Regulatory Approvals. The Company shall, and shall cause Mirant New York, LLC and its Subsidiaries (other than Mirant Lovett LLC, which is an immaterial Subsidiary) (each, a “Mirant New York Party”) to, use commercially
reasonable efforts to obtain all approvals and authorizations from the New York State Public Service Commission (collectively, the “New York Regulatory Approvals”) necessary to permit each Mirant New York Party to become a
Subsidiary Guarantor and to permit the grant of a security interest in the assets and Capital Stock of each Mirant New York Party, and notwithstanding anything herein to the contrary, upon obtaining such approval, each Mirant New York Party shall
execute a counterpart to the 

  
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Guarantee Agreement, Security Agreement and Collateral Trust Agreement, and shall take all further action that the Administrative Agent may reasonably request in order to grant a security
interest in its assets to the extent required by the Security Agreement; provided that in no event shall any Mortgage be required to be delivered for any real property owned by any Mirant New York Party on the Closing Date. 

SECTION 7. FINANCIAL COVENANT 
 Each of the Company and GAI hereby agrees that, from and after the Closing Date and so long as the Commitments remain in effect, any Letter of Credit remains outstanding (if neither (x) cash
collateralized in accordance with the terms of this Agreement nor (y) supported with a back-to-back letter of credit reasonably acceptable to the relevant Issuing Lender) or any Loan is due and owing to any Lender or the Administrative Agent
hereunder: 
 7.1. Consolidated Secured Leverage Ratio. Each Borrower shall cause the Consolidated Secured Leverage Ratio
to be not more than 3.50 to 1.00 at the end of each fiscal quarter (including the fourth fiscal quarter) of the Company calculated, in the case of EBITDA, on a rolling four fiscal quarter basis ending on the last day of such fiscal quarter.

 SECTION 8. NEGATIVE COVENANTS 
 Each of the Company and GAI hereby agrees that, from and after the Closing Date and so long as the Commitments remain in effect, any Letter of Credit remains outstanding (if neither (x) cash
collateralized in accordance with the terms of this Agreement nor (y) supported with a back-to-back letter of credit reasonably acceptable to the relevant Issuing Lender) or any Loan or is due and owing to any Lender or the Administrative Agent
hereunder: 
 8.1. Debt. The Company shall not, and shall not permit any Restricted Subsidiary to incur in respect of or
suffer to exist any Debt, except Permitted Debt; unless, (i) at the end of the fiscal quarter (including the fourth fiscal quarter) of the Company for which financial statements have been or are required to have been delivered to the
Administrative Agent most recently preceding the date on which such Debt is to be incurred, the ratio of Consolidated Total Debt to EBITDA was less than 5.50 to 1.00, calculated, in the case of EBITDA, on a rolling four fiscal quarter basis ending
on the last day of such fiscal quarter and giving pro forma effect to the incurrence of such Debt as of the first date of such period and (ii) no Default or Event of Default shall have occurred and be continuing or would result
therefrom. 
 8.2. Restricted Payments. The Company shall not, and shall not permit any Restricted Subsidiary, to
(i) declare or make any dividend payment or other distribution of assets, properties, cash, rights, obligations or securities on account of any shares of any class of Capital Stock of such Borrower or such Restricted Subsidiary, (ii) make
any pre-payments with respect to principal of, or redemption or repurchase of, any Subordinated Debt, or (iii) purchase, redeem or otherwise acquire for value any shares of any class of Capital Stock of the Company or any Subsidiary of the
Company or any warrants, rights or options to acquire any such shares, now or hereafter outstanding, or reduce its capital (collectively, “Restricted Payments”); provided, however, that the foregoing shall not
prohibit: 
 (a) the declaration and making of any dividend payment or other distribution payable in Common Stock of the
Company; 
 (b) with respect to any Restricted Subsidiary, the declaration and making of any dividend payment or other
distribution (A) payable to the Company or any Restricted Subsidiary, or (B) where the Company or the Restricted Subsidiary which owns the Capital Stock in the payor receives at least its proportionate share thereof (after giving effect to
the relative rights and preferences of the various classes of Capital Stock of such payor); 

  
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 (c) any Restricted
Payment so long as (i) there is no Default or Event of Default and none would result therefrom, (ii) the Consolidated Secured Debt is not greater than zero, (iii) no Revolving Loans are outstanding and, (iv) only if such
Restricted Payment is, in whole or in part, from the Net Cash Proceeds of Asset Sales, the pro forma Consolidated Secured Leverage Ratio of the Company and its Subsidiaries determined after giving pro forma effect to any such Asset Sale and
assuming, for the purpose of calculating such ratio, that Revolving Loans are outstanding in an amount equal to 100% of the Revolving Commitments, does not exceed 3.50 to 1.00; 

(d) the payment of any dividend within 60 days after the date of declaration of the dividend, if at the date of declaration the dividend
would have complied with the provisions of this Agreement (and, in the case of any dividends to be paid by the Company, no Default or Event of Default had occurred and was continuing on the date of such declaration); 

(e) so long as no Default or Event of Default has occurred and is continuing or would be caused thereby, the making of any Restricted
Payment in exchange for, or out of the Net Cash Proceeds of, the substantially concurrent sale (other than to a Subsidiary of the Company) of, Capital Stock of the Company (other than Disqualified Stock) or of the substantially concurrent
contribution of common equity capital or surplus to the Company; 
 (f) the defeasance, redemption, repurchase or other
acquisition of Subordinated Debt of the Company or any Subsidiary Guarantor with the Net Cash Proceeds from a substantially concurrent incurrence of Subordinated Debt; 
 (g) so long as no Default or Event of Default has occurred and is continuing or would be caused thereby, (A) the repurchase, redemption or other acquisition or retirement for value of any Capital
Stock of the Company or any Restricted Subsidiary in connection with any management equity subscription agreement, stock option agreement, shareholders’ agreement, severance agreement, employee benefit plan or agreement or similar agreement, or
(B) the repurchase for value of any Capital Stock of the Company in the open market to satisfy stock options issued by the Company that are outstanding; 
 (h) the repurchase of Capital Stock deemed to occur upon the exercise of stock options to the extent such Capital Stock represents a portion of the exercise price of those stock options; 

(i) the purchase by the Company of fractional shares upon conversion of any securities of the Company into Capital Stock of the Company;

 (j) so long as no Default or Event of Default has occurred and is continuing or would be caused thereby, the declaration and
payment of dividends to holders of any class or series of Disqualified Stock of the Company or any Restricted Subsidiary of the Company issued on or after the Closing Date; 
 (k) the issuance of Capital Stock of the Company (other than Disqualified Stock) for other Capital Stock of the Company in connection with any rights offering and payments for the redemption of fractional
shares in connection with any rights offering; 
 (l) dividends, distributions, redemptions, repurchases and prepayments of
Capital Stock and Debt as contemplated by the Merger Agreement and reflected on the funds flow memorandum delivered to the Administrative Agent on the Closing Date, including, without limitation, the repurchase or redemption of preferred stock of
Mirant Americas, Inc.; and 
 (m) so long as no Default or Event of Default has occurred and is continuing or would be caused
thereby, Restricted Payments in an aggregate amount not to exceed the Available Amount at the time of such payment. 

  
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 8.3. Liens. The
Company shall not, and shall not permit any Restricted Subsidiary to, create or have outstanding any Lien upon any of its property, whether now owned or hereafter acquired, except: 

(a) Liens arising solely by operation of law or by order of a court or tribunal or other Governmental Authority (or by an
agreement of similar effect); 
 (b) Liens in respect of overdue amounts not constituting Debt which either
(A) have not been overdue for more than thirty (30) days or (B) are being contested in good faith; 
 (c) Liens securing (x) up to $500,000,000 of Debt described in clause (ii) of the definition of Permitted Debt (minus the amount of any Commitments or Loans outstanding under any Incremental
Term Facility or Incremental Revolving Facility), which may be secured on a basis pari passu with the obligations under this Agreement, and (y) Debt described in clauses (iv) or (viii) of the definition of Permitted Debt; 

(d) Liens arising out of title retention or like provisions in relation to the acquisition of goods or equipment relating
only to such goods or equipment; 
 (e) Liens on deposits to secure, or any Lien otherwise securing, the
performance of bids, contracts (other than for borrowed money or commodity hedging obligations and Hedging Obligations), leases, statutory obligations, surety bonds, appeal bonds, performance bonds, reimbursement or indemnity obligations arising out
of surety, performance, or other similar bonds, and other obligations of a like nature; 
 (f) Liens granted
over any asset which is acquired, constructed, created or improved by the Company or a Restricted Subsidiary, but only if (x) such Lien secures only principal amounts (not exceeding the cost of such acquisition, construction or creation) raised
for the purposes of such acquisition, construction or creation, together with any costs, expenses, interest and fees incurred in relation thereto or a guarantee given in respect thereof (including amounts constituting Attributable Debt in respect of
sale leaseback transactions, Capital Lease Obligations and Synthetic Lease Obligations), (y) such Lien is created or arises on or before ninety (90) days after the completion of such acquisition, construction, creation or improvement
(provided that in the case of tax exempt financing, such time limitation shall not apply) and (z) such Lien is confined solely to the property so acquired, constructed, created or improved; 

(g) Liens (x) outstanding on or over any asset acquired after the Closing Date, (y) in existence at the date of
such acquisition but not incurred in contemplation of such acquisition (including, without limitation, existing Liens on the category of the asset acquired which automatically attach upon such acquisition) and (z) where neither the Company nor
any Restricted Subsidiary takes any step to increase the principal amount secured thereby from that so secured and outstanding at the time of such acquisition (it being agreed that, in the case of a fluctuating balance facility, the Liens permitted
hereunder will include Liens in existence at the time of the acquisition securing amounts later drawn on unfunded commitments existing at the time of acquisition); 

(h) Liens on cash and Cash Equivalents (a) deposited by the Company or any of the Restricted Subsidiaries in margin
accounts with or on behalf of futures contract brokers or paid over to other counterparties or (b) pledged or deposited as collateral to a contract counterparty or issuer of surety bonds or issuer of letters of credit by the Company or any of
the Restricted Subsidiaries, in each case to secure obligations with respect to (x) Commodity Agreements and (y) Hedging Agreements; 
 (i) Liens on assets of REMA and its Subsidiaries securing Debt of REMA and its Subsidiaries permitted to be incurred pursuant to clause (x) of the definition of Permitted Debt; 

(j) Liens in favor of a plaintiff or defendant in any action before a court or tribunal as security for costs or expenses
where such action is being prosecuted or defended in the bona fide interest of the Company; 

  
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 (k)
Liens listed on Schedule 8.3(k); 
 (l) Liens on the property of a Person existing at the time such Person is
merged into or consolidated with, or acquired by, the Company or a Restricted Subsidiary and not incurred in contemplation with such merger, consolidation or acquisition (including, without limitation, Liens on a category of assets which may
automatically attach to assets in such category acquired after such merger, consolidation or acquisition); 

(m) Liens created pursuant to the Security Agreement, including Liens securing Eligible Commodity Hedging Obligations and
Hedging Agreements; 
 (n) pledges or deposits in connection with workers’ compensation, unemployment
insurance and other social security legislation, or to secure the payment or performance of statutory or public obligations (including environmental, municipal and public utility commission obligations and requirements); 

(o) Liens for Taxes not yet due or that are being contested in good faith by appropriate proceedings, provided that
adequate reserves with respect thereto are maintained on the books and records of the Company or the Restricted Subsidiaries, as the case may be, in conformity with GAAP; 

(p) Liens securing Project Finance Debt and Liens on Capital Stock of any Unrestricted Subsidiary; 

(q) Liens arising under Section 9.343 of the Texas Uniform Commercial Code or similar statutes of states other than
Texas; 
 (r) Liens on the Seward Facility and related assets securing the Seward Tax-Exempt Bonds and other
Liens securing Permitted PEDFA Bond Debt; 
 (s) Liens to secure any Debt permitted under this Agreement that
refinances any secured Debt; provided, that: (a) the new Lien shall be limited to all or part of the same categories of property and assets that secured or, under the written agreements pursuant to which the original Lien arose, could
secure the original Debt (plus improvements and accessions to, such property or proceeds or distributions thereof); and (b) the Debt secured by the new Lien is not increased to any amount greater than the sum of (i) the outstanding
principal amount or, if greater, committed amount of the Debt that is refinanced, (ii) an amount necessary to pay any fees and expenses, including premiums, related to such refinancings, refunding, extension, renewal or replacement and
(iii) any protective advances with respect to the property and assets that secure such permitted refinancing Debt; 
 (t) financing statements (including precautionary statements) filed in connection with a Capital Lease Obligation, financing lease, Synthetic Lease Obligation or an operating lease, in each case, not
prohibited hereunder; provided, that no such financing statement extends to, covers or refers to as collateral, any property or assets of such Borrower or a Restricted Subsidiary, other than the property or assets which are subject to such
Capital Lease Obligation, financing lease, Synthetic Lease Obligation, or operating lease; 
 (u) banker’s
liens, rights of set off or similar rights, contractual rights of setoff or netting arrangements and similar rights with respect to deposit accounts, commodity accounts and/or securities accounts; 

(v) Liens granted in favor of a commercial counterparty or system operator pursuant to a netting agreement or right of
setoff, which Liens encumber rights under agreements and tariffs that are subject to such netting agreement or right of setoff and which Liens secure such Person’s obligations to such counterparty or system operator under such netting agreement
or right of setoff; provided, that such Liens, when granted, do not secure obligations which are past due; 
 (w) Liens in favor of such Borrower or any other Loan Party; 

  
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 (x)
Liens on cash deposited, escrowed or entrusted in connection with the defeasance or discharge of any Debt; provided that such defeasance or discharge is not otherwise prohibited under this Agreement; 

(y) Liens on cash and Cash Equivalents not exceeding $150,000,000 in the aggregate pledged or deposited as collateral to
an issuer of letters of credit by the Company or any of the Restricted Subsidiaries, in each case to secure obligations with respect to such letters of credit; and 

(z) Liens securing Debt or other obligations that do not exceed $50,000,000 in the aggregate at any one time outstanding.

 8.4. Mergers. The Company shall not, and shall not permit any Restricted Subsidiary to, enter into any merger,
consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its assets, except that: 

(a) the Merger and all other transactions contemplated by the Merger Agreement shall be permitted; 

(b) any Loan Party may merge, consolidate or amalgamate with, or Dispose of all or substantially all of its assets to,
another Loan Party or any Person which, immediately following such transaction, shall be a Loan Party; 
 (c)
any Restricted Subsidiary (other than a Subsidiary Guarantor) may merge, consolidate or amalgamate with, or Dispose of all or substantially all of its assets to, the Company or any other Restricted Subsidiary; 

(d) any Restricted Subsidiary may Dispose of all or substantially all of its assets in a transaction which does not
violate Section 8.5; and 
 (e) any Restricted Subsidiary may liquidate, wind-up or dissolve itself in a
transaction which does not violate Section 8.5. 
 8.5. Asset Sales. The Company shall not, and shall not permit any
Restricted Subsidiary to, conduct any Asset Sale other than (i) asset swaps for Fair Market Value not exceeding $500,000,000 and (ii) the Disposition of assets for Fair Market Value and for which at least 75% of the consideration received
(excluding any Debt assumed in connection with any such sale or Disposition) is in cash (which, for purposes of this Section 8.5, shall include liabilities, securities, notes or other obligations received by such Borrower or any Restricted
Subsidiary that are convertible into cash (and are so converted within 180 days after the completion of the Asset Sale), reserves for indemnities and purchase price adjustments, and certain replacement and other capital assets and operating assets
received by such Borrower or a Restricted Subsidiary). 
 8.6. Investments. The Company shall not, and shall not permit
any Restricted Subsidiary to, make any advance, loan, extension of credit (by way of Guarantee or otherwise) or capital contribution to, or purchase any Capital Stock, bonds, notes, debentures or other debt securities of, any other Person (all of
the foregoing, “Investments”), except: 
 (a) extensions of trade credit in the ordinary course
of business; 
 (b) Investments in cash and Cash Equivalents; 

(c) Guarantee Obligations of Debt permitted to be incurred under Section 8.1; 

(d) loans and advances to employees of the Company or any Subsidiary in the ordinary course of business (including for
travel, entertainment and relocation expenses) up to $10,000,000 in the aggregate; 

  
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 (e)
Investments useful in the business of the Company and the Restricted Subsidiaries made by such Borrower or any of the Restricted Subsidiaries with the Net Cash Proceeds of any Recovery Event or permitted Disposition; 

(f) Investments which constitute proceeds of any permitted Disposition; 

(g) Investments by the Company or any Restricted Subsidiary in the Company, a Restricted Subsidiary or MML, including,
without limitation, the purchase of any outstanding Debt of any such Person; provided, that, any such Investment made in a Restricted Subsidiary other than a Subsidiary Guarantor or MML pursuant to this clause (g) shall not take the form
of a contribution of power generation assets, or Capital Stock of any Person owning power generation assets; 

(h) any acquisition of assets or Capital Stock solely in exchange for the issuance of Capital Stock (other than
Disqualified Stock) of the Company; 
 (i) Investments represented by obligations under Hedging Agreements or
Commodity Agreements; 
 (j) any Investment in a Person, if as a result of such Investment, such Person is
merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary or will immediately following such Investment be a Restricted Subsidiary;

 (k) any Investments received (i) in compromise or resolution of obligations of trade creditors or
customers, including (A) obligations of financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss and (B) pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or
insolvency of any trade creditor or customer, (ii) in compromise or resolution of litigation, arbitration or other disputes, or (iii) on account of any claim against, or an interest in, any other Person (A) acquired in good faith in
connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of such other Person or (B) as a result of a bona fide foreclosure by the Company or any of the Restricted Subsidiaries with respect to any claim
against any other Person; 
 (l) any Investment existing or committed to on the date hereof and listed on
Schedule 8.6(l) or made pursuant to an Investment program existing or committed to on the date hereof and listed on Schedule 8.6(l); 
 (m) Investments in the form of, or pursuant to, working interests, royalty interests, mineral leases, processing agreements, farm-out agreements, unitization agreements, pooling agreements, area of mutual
interest agreements, production sharing agreements or other similar or customary agreements, transactions, properties, interests or arrangements, and Investments and expenditures in connection therewith or pursuant thereto in each case, made or
entered into in the ordinary course of business; 
 (n) so long as no Default has occurred and is continuing or
would be caused thereby, Investments in an aggregate amount not to exceed the Available Amount at the time of such Investment; 
 (o) payment of consolidated Taxes pursuant to tax allocation agreements among the Company and its Subsidiaries; 
 (p) Investments consisting of assets (other than cash and Cash Equivalents) contributed to any joint venture in an aggregate amount not to exceed $500,000,000; provided that promptly and in any
event within thirty (30) Business Days after the making of such Investments, the equity interests in such joint venture held by the Company or any Restricted Subsidiary making such Investment shall be pledged to secure the obligations of the
Loan Parties under the Loan Documents; 
 (q) purchases of the Seward Tax-Exempt Bonds; 

  
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 (r) in
addition to Investments otherwise expressly permitted by this Section 8.6, Investments by the Company or any of the Restricted Subsidiaries in an aggregate amount (valued at cost) not to exceed the greater of $500,000,000 and 5% of Consolidated
Net Tangible Assets at any time outstanding during the term of this Agreement; 
 (s) Investments in Foundation
or any other Person for charitable purposes in an aggregate amount not to exceed $25,000,000; and 
 (t) other
additional Investments, provided that the Consolidated Secured Debt is equal to or less than zero and no Revolving Loans are outstanding. 
 8.7. Transactions with Affiliates. The Company shall not, and shall not permit any Restricted Subsidiary to, enter into any transaction, including, without limitation, any purchase, sale, lease or
exchange of property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than the Company or any Restricted Subsidiary) unless such transaction is (i) otherwise permitted under
this Agreement and (ii) either (x) upon fair and reasonable terms no less favorable to the Company or such Restricted Subsidiary, as the case may be, than it would obtain in a comparable arm’s length transaction with a Person that is
not an Affiliate or (y) structured as a commercially reasonable and fair allocation of costs, including corporate overhead costs; provided, however, that the foregoing shall not prohibit (a) any employment agreement or
director’s engagement agreement, employee benefit plan, officer and director indemnification agreement or any similar arrangement entered into by the Company or any of the Restricted Subsidiaries in the ordinary course of business or approved
by the board of directors of the Company or such Restricted Subsidiary; (b) transactions between or among the Company and/or the Restricted Subsidiaries that are evidenced or contemplated by licensing, servicing or trust agreements in effect on
the Closing Date; (c) payment of reasonable directors’ fees to Persons who are not otherwise Affiliates of the Company; (d) any issuance of Capital Stock (other than Disqualified Stock) of the Company to Affiliates of the Company;
(e) permitted Restricted Payments; (f) loans or advances to employees in the ordinary course of business not to exceed $10,000,000 in the aggregate outstanding at any time; (g) any agreement, instrument or arrangement as in effect as
of the Closing Date, or any amendment thereto or any transaction contemplated thereby (including pursuant to any amendment thereto) in any replacement agreement thereto so long as any such amendment or replacement agreement is not more
disadvantageous to the Lenders in any material respect than the original agreement as in effect on the Closing Date as reasonably determined by the Company; (h) any pro rata distribution (including a rights offering) to all
holders of a class of Capital Stock or Debt of the Company or any of the Restricted Subsidiaries, including Persons who are Affiliates of the Company or any of the Restricted Subsidiaries and (i) transactions permitted under Section 8.6.

 8.8. Sales and Leasebacks. The Company shall not, and shall not permit any Restricted Subsidiaries to, directly or
indirectly lease any property as lessee in connection with a sale and leaseback transaction except to the extent that the sale of the relevant Assets is permitted under Section 8.5, if then applicable, and such lease, to the extent treated as
Debt, does not violate Section 8.1 and, to the extent treated as a Lien, does not violate Section 8.3. 
 8.9.
Changes in Fiscal Periods. The Company shall not change its fiscal year. 
 SECTION 9. EVENTS OF DEFAULT 

If any of the following events shall occur and be continuing on or after the Closing Date: 

(a) either Borrower shall fail to pay any principal of any Loan or Reimbursement Obligation when due in accordance with
the terms hereof; or either Borrower shall fail to pay any interest on any Loan or Reimbursement Obligation, or any other amount payable hereunder, within five (5) Business Days after any such interest or other amount becomes due in accordance
with the terms hereof; or 

  
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 (b)
(i) any Loan Party shall default in the observance or performance of any agreement contained in Section 7 or 8 of this Agreement (other than Section 8.3) or (ii) any Loan Party shall default in the observance or performance of any
agreement contained in Section 8.3, and such default shall continue unremedied for a period of 15 days after written notice to the Company from the Administrative Agent or the Majority Lenders; or 

(c) the Company shall fail to give timely notice of a Default or Event of Default within 30 days after such notice is
required to be given pursuant to Section 6.4(a), it being agreed that any grace or cure period otherwise applicable to any such Default and which commences on the date notice is given by the Administrative Agent shall be deemed reduced by the
number of days of delay in delivering such notice; or 
 (d) any representation or warranty made or deemed made
by any Loan Party herein or in any other Loan Document or in any certificate delivered or required to be delivered pursuant hereto or thereto shall prove to have been inaccurate in any material respect on or as of the date made or deemed made and,
in the case of any representation or warranty made in any such certificate, such inaccuracy could reasonably be expected to have a Material Adverse Effect; or 
 (e) any Loan Party shall default in the observance or performance in any material respect of any other agreement contained in this Agreement or any other Loan Document (other than as provided in
paragraphs (a) through (c) of this Section), and such default shall continue unremedied for a period of 30 days after written notice to the Company from the Administrative Agent or the Majority Lenders; or 

(f) the Company or any of its material Restricted Subsidiaries shall fail to pay any principal of or premium or interest
on any Debt or of such entity that is outstanding in a principal or notional amount equal to or in excess of $50,000,000 when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise),
and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other event shall occur or condition shall exist under the agreement or instrument relating to any such
Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate the maturity of such Debt by reason of default; or 

(g) the Company or any of the Restricted Subsidiaries shall fail to pay an amount which is due and not subject to a good
faith dispute in excess of $50,000,000 in respect of Eligible Commodity Hedging Obligations secured by pari passu Liens on the Collateral and, as a result of such failure, the counterparty thereunder shall be entitled to and shall have given notice
of its intent to exercise any remedies against the Company or any of the Restricted Subsidiaries in respect of the Collateral as a result of such failure; or 
 (h) any judgment or order for the payment of money in excess of $50,000,000 shall be rendered against the Company or any of its material Restricted Subsidiaries and there shall be any period of sixty
(60) consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 
 (i) the Company or any of its material Restricted Subsidiaries (each a “Designated Party”) shall (i) apply for or consent to the appointment of, or the taking of possession by, a
receiver, custodian, trustee or liquidator of itself or of all or a substantial part of its property, (ii) make a general assignment for the benefit of its creditors, (iii) commence a voluntary case under the U.S. Bankruptcy Code (as now
or hereafter in effect) or any similar law of any applicable jurisdiction, (iv) file a petition seeking to take advantage of any other law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or readjustment of debts,
or (v) fail to controvert in a timely and appropriate manner, or acquiesce in writing to, any petition filed against it in an involuntary case under the U.S. Bankruptcy Code or any similar law of any applicable jurisdiction; or a proceeding or
case shall be commenced, without the application or consent of such Designated Party, in any court of competent jurisdiction, seeking (x) its liquidation, reorganization, dissolution or winding up, or the composition or readjustment of its
debts, (y) the appointment of a trustee, 

  
 64 

 
receiver, custodian, liquidator or the like of such Designated Party or of all or any substantial part of its assets, or (z) similar relief in respect of such Designated Party under any law
relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue unstayed and in effect for a period of sixty (60) or more days; or 

(j) any Change of Control occurs; or 

(k) (i) any Security Document shall for any reason be asserted in writing by the Company or any material Subsidiary
Guarantor not to be a legal, valid and binding obligation of any party thereto, (ii) any security interest purported to be created by any Security Document and to extend to assets that are material to the Company and its Subsidiaries on a
consolidated basis shall cease to be, or shall be asserted in writing by the Company or any other Loan Party not to be, a valid and perfected security interest (having the priority required by this Agreement or the relevant Security Document) in the
securities, assets or properties covered thereby, except to the extent that any such loss of perfection or priority results from the failure of the Administrative Agent to maintain possession of certificates actually delivered to it representing
securities pledged under the Security Documents; or (iii) the Collateral Trust Agreement or any intercreditor agreement in respect of second-lien or Subordinated Debt shall for any reason be asserted in writing by the Company or any material
Subsidiary Guarantor not to be a legal, valid and binding obligation of any party thereto or shall otherwise cease to be enforceable; or 
 (l) the guarantee contained in Section 2 of the Guarantee Agreement of any Subsidiary Guarantor that holds material assets shall cease, for any reason, to be in full force and effect or any Loan
Party shall so assert in writing; or 
 (m) an ERISA Event shall occur and be continuing that, when taken
together with all other such ERISA Events, would result in a Material Adverse Effect. 
 then, and in any such event, (A) if such event is
an Event of Default specified in clause (i), (ii), (iii) or (iv) of paragraph (i) above with respect to either Borrower, automatically the Commitments shall immediately terminate and the Loans (with accrued interest thereon) and all
other amounts owing under this Agreement and the other Loan Documents (including all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) shall
immediately become due and payable, and (B) if such event is any other Event of Default, either or both of the following actions may be taken: (i) with the consent of the Majority Lenders, the Administrative Agent may, or upon the request
of the Majority Lenders, the Administrative Agent shall, by notice to the Company declare the Revolving Commitments to be terminated forthwith, whereupon the Revolving Commitments shall immediately terminate; and (ii) with the consent of the
Majority Lenders, the Administrative Agent may, or upon the request of the Majority Lenders, the Administrative Agent shall, by notice to the Company, declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement
and the other Loan Documents (including all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) to be due and payable forthwith, whereupon the
same shall immediately become due and payable. With respect to all Letters of Credit with respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant to this paragraph, the Company shall at such time
deposit in a cash collateral account opened by the Administrative Agent an amount equal to the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash collateral account shall be applied by the Administrative
Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other obligations of the Borrowers
hereunder and under the other Loan Documents. After all such Letters of Credit shall have expired or been fully drawn upon, all Reimbursement Obligations shall have been satisfied and all other obligations of the Borrowers hereunder and under the
other Loan Documents shall have been paid in full, the balance, if any, in such cash collateral account shall be returned to the Company (or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Section,
presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrowers. 

  
 65 

  
 SECTION 10. THE
AGENTS 
 10.1. Appointment. (a) Each Lender hereby irrevocably designates and appoints the Administrative Agent as
the agent of such Lender under this Agreement and the other Loan Documents, and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the
other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental
thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and
no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. 

(b) The Administrative Agent and each Lender hereby irrevocably designates and appoints the Collateral Trustee as its agent under the
Collateral Trust Agreement and the other Loan Documents, and irrevocably authorizes the Collateral Trustee, in such capacity, to (i) take such action on its behalf under the provisions of the Collateral Trust Agreement and the other Loan
Documents and to exercise such powers and perform such duties as are expressly delegated to the Collateral Trustee by the terms of the Collateral Trust Agreement and the other Loan Documents, together with such other powers as are reasonably
incidental thereto and (ii) enter into any and all Security Documents and the Collateral Trust Agreement and such other documents and instruments as shall be necessary to give effect to (A) the ranking and priority of Debt and other
extensions of credit and obligations contemplated hereunder and under the Collateral Trust Agreement, (B) the security interests in the Collateral purported to be created by the Security Documents and (C) the other terms and conditions of
the Collateral Trust Agreement. Each Lender further hereby agrees to be bound by the terms of the Collateral Trust Agreement and such other documents and instruments to the same extent as if it were a party thereto and authorizes the Administrative
Agent to enter into the Collateral Trust Agreement and such other documents and instruments on its behalf. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Collateral Trustee shall not have any duties or
responsibilities, except those expressly set forth herein, in the Collateral Trust Agreement or in any other Loan Document to which it is a party, or any fiduciary relationship with the Administrative Agent or any Lender, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement, the Collateral Trust Agreement or any other Loan Document or otherwise exist against the Collateral Trustee. 

10.2. Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement and the other Loan
Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or
attorneys-in-fact selected by it with reasonable care. 
 10.3. Exculpatory Provisions. Neither any Agent nor any of
their respective officers, directors, employees, agents, advisors, attorneys-in-fact or Affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any
other Loan Document (except to the extent that any of the foregoing are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from its or such Person’s own gross negligence or willful misconduct) or
(ii) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Loan Party or any officer thereof contained in this Agreement or any other Loan Document or in any certificate, report,
statement or other document referred to or provided for in, or received by the Agents under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of
this Agreement or any other Loan Document or for any failure of any Loan Party a party thereto to perform its obligations hereunder or thereunder. The Agents shall not be under any obligation to any Lender to ascertain or to inquire as to the
observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party. 

  
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 10.4. Reliance by
Administrative Agent. The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, email message, statement,
order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to the Borrowers), independent
accountants and other experts selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall
have been filed with the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of
the Majority Lenders (or, if so specified by this Agreement, all Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of
taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Majority
Lenders (or, if so specified by this Agreement, all Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans. 

10.5. Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default
or Event of Default unless the Administrative Agent has received notice from a Lender or a Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the
event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably
directed by the Majority Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to)
take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 
 10.6. Non-Reliance on Agents and Other Lenders. Each Lender expressly acknowledges that neither the Agents nor any of their respective officers, directors, employees, agents, advisors,
attorneys-in-fact or Affiliates have made any representations or warranties to it and that no act by any Agent hereafter taken, including any review of the affairs of a Loan Party or any Affiliate of a Loan Party, shall be deemed to constitute any
representation or warranty by any Agent to any Lender. Each Lender represents to the Agents that it has, independently and without reliance upon any Agent or any other Lender, and based on such documents and information as it has deemed appropriate,
made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decision to make its Loans hereunder and enter into
this Agreement. Each Lender also represents that it will, independently and without reliance upon any Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other
condition and creditworthiness of the Loan Parties and their Affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have
any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any Affiliate of a Loan Party
that may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, advisors, attorneys-in-fact or Affiliates. 
 10.7. Indemnification. The Lenders agree to indemnify each Agent in its capacity as such and its officers, directors, employees, Affiliates, agents, advisors and controlling persons (each, an
“Agent Indemnitee”) (to the extent not reimbursed by the Borrowers and without limiting the obligation of the Borrowers to do so), 

  
 67 

 
ratably according to their respective Aggregate Exposure Percentages in effect on the date on which indemnification is sought under this Section (or, if indemnification is sought after the date
upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with such Aggregate Exposure Percentages immediately prior to such date), from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent
Indemnitee in any way relating to or arising out of, the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action
taken or omitted by such Agent Indemnitee under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from such Agent Indemnitee’s gross negligence or willful misconduct. The agreements in this
Section shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 

10.8. Agent in Its Individual Capacity. Each Agent and its Affiliates may make loans to, accept deposits from and generally engage
in any kind of business with any Loan Party as though such Agent were not an Agent. With respect to its Loans made or renewed by it and with respect to any Letter of Credit issued or participated in by it, each Agent shall have the same rights and
powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though it were not an Agent, and the terms “Lender” and “Lenders” shall include each Agent in its individual capacity.

 10.9. Successor Administrative Agent. The Administrative Agent may resign as Administrative Agent upon 10 days’
notice to the Lenders and the Company. If the Administrative Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents, then the Majority Lenders shall appoint from among the Lenders a successor agent for the
Lenders, which successor agent shall (unless an Event of Default under Section 9(a) or Section 9(g) with respect to a Borrower shall have occurred and be continuing) be subject to approval by the Company (which approval shall not be
unreasonably withheld or delayed), whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon such
appointment and approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the
parties to this Agreement or any holders of the Loans. If no successor agent has accepted appointment as Administrative Agent by the date that is ten (10) days following a retiring Administrative Agent’s notice of resignation, the retiring
Administrative Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Majority Lenders appoint a
successor agent as provided for above. After any retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this Section 10 shall inure to its benefit as to any actions taken or omitted to be taken by it while
it was Administrative Agent under this Agreement and the other Loan Documents. 
 10.10. Co-Syndication Agents and
Co-Documentation Agents. None of the Co-Syndication Agents or Co-Syndication Agents shall have any duties or responsibilities hereunder in its capacity as such. 
 SECTION 11. MISCELLANEOUS 
 11.1. Amendments and Waivers. Neither this
Agreement, any other Loan Document, nor any terms hereof or thereof may be amended, supplemented or modified except in accordance with the provisions of this Section 11.1. The Majority Lenders and each Loan Party party to the relevant Loan
Document may, or, with the written consent of the Majority Lenders, the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time to time, (a) enter into written amendments, supplements or modifications hereto
and to the other Loan Documents for the purpose of changing any provisions to this Agreement or the other Loan 

  
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Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (b) waive, on such terms and conditions as the Majority Lenders or the
Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided, however, that no such
waiver and no such amendment, supplement or modification shall (i) forgive the principal amount or extend the final scheduled date of maturity of any Loan, extend the scheduled date of any amortization payment in respect of any Term Loan,
reduce the stated rate of any interest or fee payable hereunder (except (x) in connection with any reduction in the post-default rate of interest set forth in Section 2.12(c); (y) in connection with the waiver of applicability of any
post-default increase in interest rates (which waiver shall be effective with the consent of the Majority Facility Lenders of each adversely affected Facility); and (z) that any amendment or modification of defined terms used in the financial
covenants in this Agreement shall not constitute a reduction in the rate of interest or fees for purposes of this clause (i)) or extend the scheduled date of any payment thereof, or increase the amount or extend the expiration date of any
Lender’s Revolving Commitment, or otherwise change the time, place or the currency of payments to be made on the Loans, in each case without the written consent of each Lender directly affected thereby; (ii) reduce any percentage specified
in the definition of Majority Lenders without the written consent of all Lenders, (iii) except to the extent contemplated by the Loan Documents, release all or substantially all of the Collateral or release a Subsidiary Guarantor or Subsidiary
Guarantors owning all or substantially all of the Collateral from their obligations under the Security Agreement or Guarantee Agreement, respectively, in each case without the written consent of all Lenders; (iv) reduce the percentage specified
in the definition of Majority Facility Lenders with respect to any Facility without the written consent of all Lenders under such Facility; (v) amend, modify or waive the defined term “Extended Expiration Date”, Section 5.1(q) or
Section 11.18 without the written consent of each Lender affected thereby, (vi) amend, modify or waive any provision of Section 10 without the written consent of the Administrative Agent; or (vii) amend, modify or waive any
provision of Sections 2.5(b), 2.15(g), 2.20, the proviso to Section 2.22(a)(ii) or Sections 2.23, 3, 11.1(vii), 11.5, or clause (i) of the proviso in the last paragraph of this Section 11.1, and Section 11.6(b)(i)(B), or extend
the Revolving Termination Date without the written consent of each Issuing Lender affected thereby. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders and shall be binding upon the Loan
Parties, the Lenders, the Administrative Agent and all future holders of the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the
other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon.

 Notwithstanding anything to the contrary contained in this Section 11.1: 

(a) the Borrowers and the Administrative Agent may without the input or consent of the Lenders, effect amendments to this
Agreement and the other Loan Documents as may be necessary or appropriate in the opinion of the Administrative Agent to effect the provisions of Section 2.21 and 2.22; 

(b) the Guarantee Agreement, the Security Documents and related documents executed by the Borrowers or Subsidiaries in
connection with this Agreement may be in a form reasonably determined by the Administrative Agent and may be, together with this Agreement, amended, supplemented and waived with the consent of the Administrative Agent at the request of the Company
without the need to obtain the consent of any other Lender if such amendment, supplement or waiver is delivered in order (i) to comply with local Law or advice of local counsel, (ii) to cure ambiguities, omissions, mistakes or defects or
(iii) to cause the Guarantee Agreement, any Security Document or any related document to be consistent with this Agreement and the other Loan Documents; 
 (c) this Agreement may be amended (or amended and restated) with the written consent of the Majority Lenders, the Administrative Agent and the Borrowers (i) to add one or more additional credit
facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other

  
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Loan Documents with the Term Loans and the Revolving Loans and the accrued interest and fees in respect thereof and (ii) to include appropriately the Lenders holding such credit facilities
in any determination of the Majority Lenders; and 
 (d) this Agreement may be amended with the written consent
of the Administrative Agent, the Borrowers and the Lenders providing the relevant Replacement Term Loans (as defined below) to permit the refinancing, replacement or modification of all outstanding Term Loans (“Refinanced Term
Loans”) with a replacement term loan tranche hereunder (“Replacement Term Loans”), provided that (i) the aggregate principal amount of such Replacement Term Loans shall not exceed the aggregate principal amount
of such Refinanced Term Loans, (ii) the Applicable Margin for such Replacement Term Loans shall not be higher than the Applicable Margin for such Refinanced Term Loans and (iii) the weighted average life to maturity of such Replacement
Term Loans shall not be shorter than the weighted average life to maturity of such Refinanced Term Loans at the time of such refinancing. 
 If, in connection with any proposed amendment, waiver or consent pursuant to Section 11.1 hereof requiring the consent of all Lenders, the consent of Majority Lenders is obtained but the consent of
all Lenders whose consent if required is not obtained (any Lender withholding consent being referred to as a “Non-Consenting Lender”), then, upon written notice to any Non-Consenting Lender and the Administrative Agent, the
Company shall be permitted, at its sole expense, to replace such Non-Consenting Lender by requiring such Non-Consenting Lender to assign and delegate, without recourse, all of its rights and obligations under this Agreement and the other Loan
Documents to a replacement financial institution that shall assume such obligations (which replacement financial institution may be another Lender, if such Lender accepts such assignment); provided, that (i) the Administrative Agent and,
in the case of any assignment of a Lender’s Revolving Commitment, each Issuing Lender shall have consented to such replacement financial institution (such consent not to be unreasonably withheld), (ii) the Non-Consenting Lender shall be
obligated to cooperate with such replacement in accordance with the provisions of Section 11.6 (provided that the Borrowers shall be obligated to pay the registration and processing fee referred to therein), (iii) the replacement financial
institution shall purchase, at par (or such other price as may be agreed), all Loans and other amounts owing to such replaced Lender on or prior to the date of replacement in accordance with Section 11.6, and (iv) the Borrowers shall be
liable to such Non-Consenting Lender under Section 2.20 if any Eurodollar Loan owing to such Non-Consenting Lender shall be purchased other than on the last day of the Interest Period relating thereto. In connection with the replacement of any
Lender pursuant to this paragraph, the failure by such Lender to execute and deliver assignment documentation shall not impair the validity of the removal of such Lender, and the mandatory assignment of such Lender’s Commitments and outstanding
Loans and participations in Letters of Credit, as applicable, shall nevertheless be effective without the execution by such Lender of such assignment documentation. 

  
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 11.2. Notices.
All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by telecopy), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered,
or three Business Days after being deposited in the mail, postage prepaid, or, in the case of telecopy notice, when received, addressed as follows in the case of the Borrowers, the Administrative Agent and the Issuing Lenders identified below, and
as set forth in an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or to such other address as may be hereafter notified by the respective parties hereto: 

 

			
	 Company and GAI:
	  	GenOn Energy, Inc.
		  	GenOn Americas, Inc.
		  	 c/o RRI Energy, Inc.
 1000
Main Street
 Houston, TX 77002

Facsimile No.: (832) 357-9289

Attention: Andrew C. Johannesen
 Copy
to: Michael L. Jines

		
		  	With a copy to: William Holden
		  	c/o Mirant Corporation
		  	1155 Perimeter Center West
		  	Atlanta, Georgia 30338-5416
		  	Email: william.holden@mirant.com
		  	Telephone: (678) 579-7728
		
		  	With a copy to: Steve Nickerson
		  	c/o Mirant Corporation
		  	1155 Perimeter Center West
		  	Atlanta, Georgia 30338-5416
		  	Email: steve.nickerson@mirant.com
		  	Telephone: (678) 579-6440
		
	 Administrative Agent:
	  	JPMorgan Chase Bank, N.A.
		  	1111 Fannin Street, Floor 10
		  	Houston, Texas 77002
		  	Attention: Loan and Agency Services
		  	Fax: (713) 427-6307
		  	Telephone: (713) 750-2377
		
	 JPMCB, as an Issuing Lender:
	  	JPMorgan Chase Bank, N.A.
		  	10420 Highland Manner Drive
		  	BL 2, Floor 4
		  	Tampa, Florida 33610
		  	Attention: James Alonzo
		  	Fax: (813) 432-5161
		  	Telephone: (813) 432-6339
		
	 DBNY, as an Issuing Lender:
	  	Deutsche Bank AG New York Branch
		  	60 Wall Street, 25th Floor
		  	New York, New York 10005
		  	Attention: Jack Leong
		  	Email: jack.leong@db.com
		  	Fax: (212) 797-0780
		  	Deutsche Bank AG New York Branch

 provided that any
notice, request or demand to or upon the Administrative Agent, any Issuing Lender or the Lenders shall not be effective until received. 

  
 71 

  
 Notices and other
communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Section 2
unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or the Company may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 
 11.3. No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder or
under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy,
power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

11.4. Survival of Representations and Warranties. All representations and warranties made hereunder, in the other Loan Documents
and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans and other extensions of credit hereunder. 

11.5. Payment of Expenses and Taxes. (a) The Company agrees, if the Closing Date occurs, (i) to pay or reimburse the
Administrative Agent and each Issuing Lender (A) for all their out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the
other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby, including the reasonable fees and disbursements of counsel to the
Administrative Agent and each Issuing Lender and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Company prior to the Closing Date (in the case of amounts to be paid on the Closing Date)
and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate and (B) for all of its costs and expenses incurred in connection with the enforcement or preservation of any
rights under this Agreement, the other Loan Documents and any such other documents, including the fees and disbursements of counsel to the Administrative Agent, (ii) to pay or reimburse the Administrative Agent, Collateral Trustee, each Issuing
Lender and each Lender for all their costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan Documents and any such other documents, in each case, during the continuance of an
Event of Default, including the fees and disbursements of counsel (including the allocated fees and expenses of in-house counsel) to each Issuing Lender and each Lender, (iii) to pay, indemnify, and hold each Lender and the Administrative Agent
harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other taxes, if any, that may be payable or determined to be payable in connection with the
execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and
any such other documents, and (iv) to pay, indemnify, and hold each Lender, Issuing Lender and the Administrative Agent and their respective officers, directors, trustees, employees, Affiliates, agents and controlling persons (each, an
“Indemnitee”) harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the
execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents and any such other documents, including any of the foregoing relating to the use of proceeds of the Loans or the violation of, noncompliance
with or liability under, any Environmental Law applicable to the operations of the Company or any of its Subsidiaries or any real property currently or formerly owned, leased, operated or otherwise used (including properties to which wastes or other
materials were sent for treatment, storage or disposal) by the Company or any of its Subsidiaries or any of their predecessors and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee
against any Loan Party under any Loan Document (all the foregoing in this clause (iv), collectively, the “Indemnified Liabilities”), provided, that the 

  
 72 

 
Company shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final and nonappealable decision of
a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnitee. Without limiting the foregoing, and to the extent permitted by applicable law, the Company agrees not to assert and to cause its
Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs
and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. 
 (b) Promptly after receipt by an Indemnitee of notice of the commencement of any claim, litigation, investigation, responding to or proceedings against it relating to any Indemnified Liability
(“Proceedings”), such Indemnitee will, if a claim is to be made hereunder against the Company in respect thereof, notify the Company in writing of the commencement thereof; provided, however, that (i) the omission
so to notify the Company will not relieve it from any liability that it may have hereunder except to the extent it has been materially prejudiced by such failure and (ii) the omission so to notify the Company will not relieve the Company from
any liability that it may have to an Indemnitee otherwise than on account hereof. Thereafter, the Indemnitee and the Company shall consult, to the extent appropriate, with a view to minimizing the cost to the Company of the obligations under this
Section 11.5. In case any such Proceedings are brought against any Indemnitee and it notifies the Company of the commencement thereof, the Company will be entitled to participate therein, and, to the extent that it may elect by written notice
delivered to such Indemnitee, to assume the defense thereof, with counsel reasonably satisfactory to such Indemnitee, provided that if the defendants in any such Proceedings include both such Indemnitee and the Company and such Indemnitee
shall have concluded that there may be legal defenses available to it that are different from or additional to those available to the Company, such Indemnitee shall have the right to select separate counsel to assert such legal defenses and to
otherwise participate in the defense of such Proceedings on behalf of such Indemnitee. Upon receipt of notice from the Company to such Indemnitee of its election so to assume the defense of such Proceedings and approval by such Indemnitee of
counsel, the Company shall not be liable to such Indemnitee for expenses incurred by such Indemnitee in connection with the defense thereof (other than reasonable costs of investigation) unless (i) such Indemnitee shall have employed separate
counsel in connection with the assertion of legal defenses in accordance with the proviso to the immediately preceding sentence (it being understood, however, that the Company shall not be liable for the expenses of more than one separate counsel
representing the Indemnitees who are parties to such Proceedings), (ii) the Company shall not have employed counsel reasonably satisfactory to such Indemnitee to represent such Indemnitee within a reasonable time after notice of commencement of
the Proceedings or (iii) the Company shall have authorized in writing the employment of counsel for such Indemnitee. 
 (c)
The Company shall not be liable for any settlement of any Proceedings effected without its written consent (which consent shall not be unreasonably withheld). If any settlement of any Proceeding is consummated with the written consent of the Company
or if there is a final judgment for the plaintiff in any such Proceedings, the Company agrees to indemnify and hold harmless each Indemnitee from and against any and all losses, claims, damages, liabilities and expenses by reason of such settlement
or judgment in accordance with the provisions of this Section 11.5(c). Notwithstanding anything in this Section 11.5(c) to the contrary, if at any time an Indemnitee shall have requested the Company to reimburse such Indemnitee for legal
or other expenses in connection with investigating, responding to or defending any Proceedings as contemplated by this Section 11.5(c), the Company shall be liable for any settlement of any Proceedings effected without its written consent if
(i) such settlement is entered into more than 30 days after receipt by the Company of such request for reimbursement and (ii) the Company shall not have reimbursed such Indemnitee in accordance with such request prior to the date of such
settlement. The Company shall not, without the prior written consent of an Indemnitee (which consent shall not be unreasonably withheld), effect any settlement of any pending or threatened Proceedings in respect of which indemnity could have been
sought hereunder by such Indemnitee unless such settlement (i) includes an unconditional release of such Indemnitee in form and substance satisfactory to such Indemnitee from all liability on claims that are the subject matter of such
Proceedings and (ii) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnitee. 

  
 73 

  
 (d) All amounts
due under this Section 11.5 shall be payable not later than 10 days after written demand therefor. Statements payable by the Company pursuant to this Section 11.5 shall be submitted to Andrew Johannesen, Vice President and Treasurer of RRI
Energy (Telephone No. (832) 357-6417) (Telecopy No. (832) 357-9289), at the address of the Company set forth in Section 11.2, or to such other Person or address as may be hereafter designated by the Company in a written notice to the
Administrative Agent. The agreements in this Section 11.5 shall survive repayment of the Loans and all other amounts payable hereunder. 
 11.6. Successors and Assigns; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby (including any Affiliate of the Issuing Lender that issues any Letter of Credit), except that (i) no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of each Lender (and any attempted assignment or transfer by the Company without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance
with this Section. 
 (b)(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or
more assignees (each, an “Assignee”) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it) with the prior written consent of:

 (A) the Company (such consent not to be unreasonably withheld, it being agreed the Company shall be deemed
reasonable withholding its consent to any assignment that would become effective prior to the funding of the Term Loans), provided that no consent of the Company shall be required for an assignment to a Lender, an Affiliate of a Revolving
Lender or an Approved Fund (as defined below), in any case, within the same Facility or, if an Event of Default has occurred and is continuing, any other Person (other than a competitor of the Company, as identified in a list delivered by the
Company to the Administrative Agent, from time to time and made available to any Lender at the request of any Lender (each, an “Identified Competitor”); and 

(B) the Administrative Agent and each Issuing Lender (such consent not to be unreasonably withheld or delayed),
provided that no consent of the Administrative Agent shall be required for assignments of Commitments and/or Loans among Lenders, Affiliates of Lenders or Approved Funds within the same Facility, and provided, further, that no
consent of any Issuing Lender shall be required for an assignment of Term Loans only. 
 (ii) Assignments shall be subject to
the following additional conditions: 
 (A) except in the case of an assignment to a Lender, an Affiliate of a
Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitments or Loans under any Facility, the amount of the Commitments or Loans of the assigning Lender subject to each such assignment
(determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than (1) $1,000,000, in the case of assignments under the Term Facility and
(2) $10,000,000, in the case of assignments under the Revolving Facility, unless in each case each of the Company and the Administrative Agent otherwise consent (such consent, in the case of the Company, not to be unreasonably withheld or
delayed); provided that such amounts shall be aggregated in respect of each Lender and its Affiliates or Approved Funds, if any; 
 (B) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; provided that
only one such fee shall be payable to the Administrative Agent in connection with simultaneous 

  
 74 

 
assignments by a Lender to two or more related Approved Funds; provided, further, that no such processing or recordation fee shall be payable to the Administrative Agent prior to
the funding of the Term Loans; 
 (C) the Assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an administrative questionnaire; and 
 (D) without the prior written consent of the
Administrative Agent, no assignment shall be made to a prospective Assignee that bears a relationship to the Company described in Section 108(e)(4) of the Code, except as permitted by Section 2.15(g). 

For the purposes of this Section 11.6, “Approved Fund” means any Person (other than a natural person) that is
engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an
Affiliate of an entity that administers or manages a Lender or (d) the Company or any of its Affiliates. 
 (iii) Subject
to acceptance and recording thereof pursuant to paragraph (b)(iv) below, from and after the effective date specified in each Assignment and Assumption the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned
by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be
entitled to the benefits of Sections 2.16, 2.17, 2.18 and 11.5 with respect to facts and circumstances occurring prior to the effective date of such assignment). Any assignment or transfer by a Lender of rights or obligations under this Agreement
that does not comply with this Section 11.6 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c) of this Section. 

(iv) The Administrative Agent, acting for this purpose as an agent of the Borrowers, shall maintain at one of its offices a copy of each
Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amount of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof
from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrowers, the Administrative Agent, the Issuing Lenders and the Lenders shall treat each Person whose name is
recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. With respect to any Lender, the transfer of the Commitments of such Lender and the rights to the
principal of, and the interest on, any Loan made pursuant to such Commitments shall not be effective until such transfer is recorded on the Register maintained by the Administrative Agent with respect to ownership of such Commitments and Loans. The
Register shall be available for inspection by the Borrowers, the Issuing Lenders and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Assignee, the Assignee’s completed administrative questionnaire (unless the Assignee shall
already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept
such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

(c) (i) Any Lender may, without the consent of either Borrower or the Administrative Agent, sell participations to one or more banks or
other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans owing to it); provided that (A) such
Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall 

  
 75 

 
remain solely responsible to the other parties hereto for the performance of such obligations, (C) the Borrowers, the Administrative Agent, the Issuing Lenders and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement, (D) without the prior written consent of the Administrative Agent, no assignment shall be made to a
prospective Assignee that bears a relationship to a Borrower described in Section 108(e)(4) of the Code and (E) in the case of any participation sold to an Identified Competitor (or potential participation offered to a prospective
Participant that is an Identified Competitor), such Lender shall not provide any information concerning the Loan Parties that such Lender is required to keep confidential under the Loan Documents (notwithstanding that such confidential information
may generally be shared with other Participants that are not Identified Competitors). Any agreement pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to
approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver that
(1) requires the consent of each Lender directly affected thereby pursuant to the proviso to the second sentence of Section 11.1 and directly affects such Participant or (2) requires the consent of all Lenders. Subject to paragraph
(c)(ii) of this Section, each Borrower agrees that each Participant shall be entitled to the benefits of, and subject to the limitations of, Sections 2.16, 2.17 and 2.20 to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to paragraph (b) of this Section. Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrowers, maintain a register on which it enters the name and address of each Participant to
whom such Lender sells participations and the principal amounts (and stated interest) of each participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”). As between the Lender and
such Participant, the entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of
this Agreement notwithstanding any notice to the contrary. 
 (ii) A Participant shall not be entitled to receive any greater
payment under Section 2.16 or 2.17 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the
Borrowers’ prior written consent. No Participant shall be entitled to the benefits of Section 2.17 unless such Participant complies with Sections 2.17(e) and (f) as if it were a Lender. 

(d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or
assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or Assignee for such Lender as a party hereto. 
 (e) Each Borrower, upon receipt of written notice from the relevant Lender, agrees to issue Notes to any Lender requiring Notes to facilitate transactions of the type described in paragraph
(d) above. 
 (f) Notwithstanding the foregoing, any Conduit Lender may assign any or all of the Loans it may have funded
hereunder to its designating Lender without the consent of either Borrower or the Administrative Agent and without regard to the limitations set forth in Section 11.6(b). Each of the Borrowers, each Lender and the Administrative Agent hereby
confirms that it will not institute against a Conduit Lender or join any other Person in instituting against a Conduit Lender any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding under any state bankruptcy or similar
law, for one year and one day after the payment in full of the latest maturing commercial paper note issued by such Conduit Lender; provided, however, that each Lender designating any Conduit Lender hereby agrees to indemnify, save and hold
harmless each other party hereto for any loss, cost, damage or expense arising out of its inability to institute such a proceeding against such Conduit Lender during such period of forbearance. 

11.7. Adjustments; Set-off. (a) Except to the extent that this Agreement expressly permits for payments to be made, directed
or allocated to a particular Lender or to the Lenders under a particular Facility, if any Lender 

  
 76 

 
(a “Benefitted Lender”) shall receive any payment of all or part of the Obligations owing to it, or receive any Collateral in respect thereof (whether voluntarily or
involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 9(g), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the
Obligations owing to such other Lender, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of the Obligations owing to each such other Lender, or shall provide such other Lenders with the
benefits of any such collateral, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided, however, that if all or any portion of such
excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 

(b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior notice to
either Borrower, any such notice being expressly waived by each Borrower to the extent permitted by applicable law, upon any amount becoming due and payable by the Borrowers hereunder (whether at the stated maturity, by acceleration or otherwise),
to set off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, Debt or claims, in any currency, in each case whether direct or
indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of the Borrowers, as the case may be. Each Lender agrees promptly to notify the
Company and the Administrative Agent after any such setoff and application made by such Lender, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

11.8. Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile transmission shall be effective as delivery of a manually
executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Company and the Administrative Agent. 
 11.9. Severability. Any provision of this Agreement 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. 

11.10. Integration. This Agreement and the other Loan Documents represent the entire agreement of the Borrowers, the
Administrative Agent and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Lender relative to the subject matter hereof not
expressly set forth or referred to herein or in the other Loan Documents. 
 11.11. GOVERNING LAW. THIS
AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

11.12. Submission To Jurisdiction; Waivers. Each Borrower hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan
Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of New York, the courts of the United States for the Southern District of
New York, and appellate courts from any thereof; 
 (b) consents that any such action or proceeding may be
brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim
the same; 

  
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 (c)
agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Borrower at its address set forth in
Section 11.2 or at such other address of which the Administrative Agent shall have been notified pursuant thereto; 
 (d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 

(e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or
proceeding referred to in this Section any special, exemplary, punitive or consequential damages. 
 11.13.
Acknowledgements. Each Borrower hereby acknowledges that: 
 (a) it has been advised by counsel in the
negotiation, execution and delivery of this Agreement and the other Loan Documents; 
 (b) neither the
Administrative Agent nor any Lender has any fiduciary relationship with or duty to either Borrower arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between Administrative Agent and Lenders,
on one hand, and the Borrowers, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 
 (c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby among the Lenders or among the Borrowers and the Lenders.

 11.14. Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any
other Loan Document, each of the Administrative Agent and the Collateral Trustee are hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 11.1) to take
any action requested by the Company having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document (it being agreed, without
limiting the foregoing, that such release shall be permitted with respect to any Subsidiary Guarantor if, after giving effect to any such transaction or designation as an Unrestricted Subsidiary, such Person would not be required to become a
Guarantor Subsidiary pursuant to Section 6.7) or that has been consented to in accordance with Section 11.1 or (ii) under the circumstances described in paragraph (b) below. The Administrative Agent and the Collateral Trustees
agree to take such actions as are reasonably requested by the Company and permitted by this Section 11.14. 
 (b) At such
time as the Loans, the Reimbursement Obligations and the other obligations under the Loan Documents (other than obligations under or in respect of Swap Agreements) shall have been paid in full, the Commitments have been terminated and no Letters of
Credit shall be outstanding (or any outstanding Letters of Credit shall have been fully cash collateralized), the Collateral shall be released from the Liens created by the Security Documents, and the Security Documents and all obligations (other
than those expressly stated to survive such termination) of the Administrative Agent, the Collateral Trustee and each Loan Party under the Security Documents shall terminate, all without delivery of any instrument or performance of any act by any
Person. 
 11.15. Confidentiality. Each of the Administrative Agent and each Lender agrees to keep confidential all
non-public information provided to it by any Loan Party, the Administrative Agent or any Lender pursuant to or in connection with this Agreement that is designated by the provider thereof as confidential; provided that nothing herein shall
prevent the Administrative Agent or any Lender from disclosing any such information (a) to the Administrative Agent, any other Lender or any Affiliate thereof, (b) subject to an agreement to comply with the provisions of this Section, to
any actual or prospective Transferee or any direct or indirect counterparty to any Swap Agreement (or any professional advisor to such counterparty), (c) to its employees, directors, trustees,

  
 78 

 
agents, attorneys, accountants and other professional advisors or those of any of its Affiliates, (d) upon the request or demand of any Governmental Authority, (e) in response to any
order of any court or other Governmental Authority or as may otherwise be required pursuant to any Requirement of Law, (f) if requested or required to do so in connection with any litigation or similar proceeding, (g) that has been
publicly disclosed, (h) to the National Association of Insurance Commissioners or any similar organization or any nationally recognized rating agency that requires access to information about a Lender’s investment portfolio in connection
with ratings issued with respect to such Lender, or (i) in connection with the exercise of any remedy hereunder or under any other Loan Document. 
 11.16. WAIVERS OF JURY TRIAL. EACH BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 11.17. Delivery of Addenda. Each
initial Lender shall become a party to this Agreement by delivering to the Administrative Agent an Addendum duly executed by such Lender. 
 11.18. Termination by the Company Prior to Closing Date or for Failure of Closing Date to Occur. The Commitments of the Lenders hereunder shall expire and this Agreement shall terminate if either:

 (a) the Company elects to terminate this Agreement at any time prior to the Closing Date (it being understood that the
Company has the option to so terminate this Agreement); or 
 (b) the Closing Date shall not occur on or prior to
December 31, 2010; provided, however, if prior to December 31, 2010, the Company shall extend the deadline for the consummation of the Merger pursuant to Section 7.1(b) of the Merger Agreement to a date falling after
December 31, 2010 and falling on or prior to March 31, 2011 (such date, the “Extended Expiration Date”), then if Revolving Lenders holding not less than $750,000,000 of Revolving Commitments consent to such extension, the
Term Commitment of each Term Lender, the commitments of each Issuing Lender that consents to such extension and the Revolving Commitment of each Revolving Lender that consents to such extension shall expire and this Agreement shall terminate if the
Closing Date shall not occur on or prior to the Extended Expiration Date rather than December 31, 2010; 
 provided, further,
however, with respect to both clause (x) and clause (y) above, Sections 11.11, 11.12, 11.16 and the liability of the Borrowers for any Term Commitment Fees accruing under Section 2.6 and for the payment and reimbursement of
expenses under Section 11.5 shall survive such expiration and termination. 

  
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 IN WITNESS WHEREOF,
the undersigned has caused this Agreement to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written. 

 

			
	RRI ENERGY, INC.
		
	 By:
	 	 /s/ Andrew Johannesen

	 Name:
	 	 Andrew Johannesen

	 Title:
	 	 Vice President and Treasurer

 Credit Agreement Signature Page 

  
 IN WITNESS WHEREOF,
the undersigned has caused this Agreement to be duly executed and delivered by its proper and duly authorized officers as of the Closing Date. 
  

			
	 MIRANT AMERICAS, INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 Credit Agreement Signature Page 

  
 
			
	 JPMORGAN CHASE BANK, N.A.,
 as Administrative Agent, an Issuing Lender and a Lender

		
	 By:
	 	 /s/ Juan J. Javellana

	 Name:
	 	 Juan J. Javellana

	 Title:
	 	 Vice President

	
	 J.P. MORGAN SECURITIES LLC,

as Co-Lead Arranger and Joint Bookrunner

		
	 By:
	 	 /s/ Mark Radin

	 Name:
	 	 Mark Radin

	 Title:
	 	 Executive Director

 Credit Agreement Signature Page 

  
 
			
	 CREDIT SUISSE SECURITIES (USA) LLC,

as Co-Syndication Agent, Co-Lead Arranger and Joint Bookrunner

		
	 By:
	 	 /s/ Ray Wood

	 Name:
	 	 Ray Wood

	 Title:
	 	 Managing Director

 Credit Agreement Signature Page 

  
 
							
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender
				
	 By:
	 	 /s/ Bill O’Daly
	 		 	 /s/ Christopher Reo Day

	 Name:
	 	 Bill O’Daly
	 		 	 Christopher Reo Day

	 Title:
	 	 Director
	 		 	 Associate

 Credit Agreement Signature Page 

  
 
			
	 DEUTSCHE BANK SECURITIES INC.,
 as Co-Syndication Agent, Co-Lead Arranger and Joint Bookrunner

		
	 By:
	 	 /s/ Kevin Sherlock

	 Name:
	 	 Kevin Sherlock

	 Title:
	 	 Managing Director

		
	 By:
	 	 /s/ Sandeep Desai

	 Name:
	 	 Sandeep Desai

	 Title:
	 	 Director

 Credit Agreement Signature Page 

  
 
			
	 DEUTSCHE BANK AG NEW YORK BRANCH,

as an Issuing Lender and a Lender

		
	 By:
	 	 /s/ Marcus M. Tarkington

	 Name:
	 	 Marcus M. Tarkington

	 Title:
	 	 Director

		
	 By:
	 	 /s/ Paul O’Leary

	 Name:
	 	 Paul O’Leary

	 Title:
	 	 Director

 Credit Agreement Signature Page 

  
 
			
	 GOLDMAN SACHS BANK USA,
 as Co-Lead Arranger, Joint Bookrunner, Co-Documentation Agent and a Lender

		
	 By:
	 	 /s/ Alexis Maged

	 Name:
	 	 Alexis Maged

	 Title:
	 	 Authorized Signatory

 Credit Agreement Signature Page 

  
 
			
	 MORGAN STANLEY SENIOR FUNDING, INC.,

as Co-Lead Arranger, Joint Bookrunner, Co-Documentation Agent and a Lender

		
	 By:
	 	 /s/ Sherrese Clarke

	 Name:
	 	 Sherrese Clarke

	 Title:
	 	 Vice President

 Credit Agreement Signature Page 

  
 
			
	 MORGAN STANLEY BANK, N.A.,
 as Co-Lead Arranger, Joint Bookrunner, Co-Documentation Agent and a Lender

		
	 By:
	 	 /s/ Sherrese Clarke

	 Name:
	 	 Sherrese Clarke

	 Title:
	 	 Authorized Signatory

 Credit Agreement Signature Page 

  
 
			
	 ROYAL BANK OF CANADA,
 as a Lender

		
	 By:
	 	 /s/ Meredith Majesty

	 Name:
	 	 Meredith Majesty

	 Title:
	 	 Authorized Signatory

 Credit Agreement Signature Page 

  
 
			
	 THE ROYAL BANK OF SCOTLAND PLC,

as Co-Lead Arranger and a Lender

		
	 By:
	 	 /s/ Simon Mockford

	 Name:
	 	 Simon Mockford

	 Title:
	 	 Managing Director

 Credit Agreement Signature Page 

  
 SCHEDULE 1.1A

 Commitments 
  

									
	 Lenders
	  	Term Loan Commitment	 	  	Revolving Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	$	700,000,000.00	  	  	$	158,000,000.00	  
	 Credit Suisse AG, Cayman Islands Branch
	  	 	—	  	  	$	125,000,000.00	  
	 Deutsche Bank AG New York Branch
	  	 	—	  	  	$	125,000,000.00	  
	 Goldman Sachs Bank USA
	  	 	—	  	  	$	125,000,000.00	  
	 Morgan Stanley Senior Funding, Inc.
	  	 	—	  	  	$	85,000,000.00	  
	 Royal Bank of Canada
	  	 	—	  	  	$	65,000,000.00	  
	 The Royal Bank of Scotland plc
	  	 	—	  	  	$	65,000,000.00	  
	 Morgan Stanley Bank
	  	 	—	  	  	$	40,000,000.00	  
	 Total
	  	$	700,000,000.00	  	  	$	788,000,000.00	  

  
 SCHEDULE 1.1B

 Mortgaged Property 
  

			
	 Project / Property Name
	  	 Location

	Aurora	  	2909 North Eola Road, Aurora, DuPage County, Illinois 60502
		
	Avon Lake	  	33570 Lake Road, Avon Lake, Lorain County, Ohio 44012
		
	Brunot Island	  	2515 Preble Avenue, Pittsburgh, Allegheny County, Pennsylvania 15233
		
	Cheswick (including Lefever Road Flyash Facility and Monarch Mine Dewatering Facility)	  	100 Pittsburgh Street, Springdale, Allegheny County, Pennsylvania 15144
		
	Choctaw	  	2446 MS Hwy. 407, West French Camp, Choctaw County, Mississippi 39745
		
	Coolwater	  	37000 East Santa Fe Street, Daggett, San Bernardino County, California 92327
		
	Ellwood	  	30 Las Armas Road, Goleta, Santa Barbara County, California 90117
		
	Elrama	  	30 Duquesne Light Drive, Elrama, Pennsylvania 15038
		
	Hunterstown	  	1731 Hunterstown Road, Gettysburg (Straban Township), Adams County, Pennsylvania 17325
		
	New Castle	  	Route 168 South, Taylor, Lawrence County, Pennsylvania 16160
		
	Niles	  	1047 Belmont Avenue, Niles, Trumbull County, Ohio 44446
		
	Ormond Beach	  	6635 South Edison Drive, Oxnard, Ventura County, California 93033
		
	Seward	  	595 Plant Road, New Florence (East Wheatfield Township), Indiana County, Pennsylvania 15944
		
	Shelby	  	344A Rural Route 1, Centerline Road, Neoga, Shelby County, Illinois 62447
		
	Contra Costa Generating Plant	  	3201 Wilbur Avenue, Antioch, Contra Costa County, California 945091
		
	Pittsburg Generating Plant	  	696 West 10th Street, Pittsburg, Contra Costa County, California 94565
		
	Collinsville	  	Solano County, California (vacant land)
		
	Canal	  	9 Freezer Road, Sandwich, Massachusetts 02563
		
	Kendall	  	265 1st Street, Cambridge, Massachusetts 02142
		
	Martha’s Vineyard	  	 208 Vineyard Haven Road, Oak Bluffs, Massachusetts 02557
 Fire Lane 5 West Side, West Tisbury, Massachusetts 02575

  

	1	 The Contra Costa parcel is subject to a pending subdivision proceeding and, upon subdivision, a 27 acre parcel thereof will be assigned to Mirant Marsh
Landing LLC as described in Schedule 8.6(l). 

  
 1 

  
 SCHEDULE 1.1C

 Immaterial Subsidiaries 
  

			
	 Name of Subsidiary
	  	 Jurisdiction

	San Gabriel Power Generation, LLC	  	Delaware
	RRI Energy Solutions East, LLC	  	Delaware
	RRI Energy Channelview LP	  	Delaware
	RRI Energy Channelview (Delaware) LLC	  	Delaware
	RRI Energy Channelview (Texas), LLC	  	Delaware
	RRI Energy Services Desert Basin, LLC	  	Delaware
	RRI Energy Services Channelview LLC	  	Delaware
	Orion Power New York, L.P.	  	Delaware
	Orion Power New York LP, LLC	  	Delaware
	Orion Power New York GP, Inc.	  	Delaware
	Mirant Lovett, LLC	  	Delaware

  
 2 

  
 SCHEDULE 1.1D

 Unrestricted Subsidiaries 
  

			
	 Name of Subsidiary
	  	 Jurisdiction

	RRI Energy Foundation, Inc.	  	Texas
	CEPA Slipform Power System Limited (Philippines)	  	Philippines
	Coyote Springs 2, LLC	  	Delaware
	MC Asset Recovery, LLC	  	Delaware
	Mirant AP Investments Limited	  	British Virgin Islands
	Mirant Asia-Pacific Construction (Hong Kong) Limited	  	Hong Kong
	Mirant Asia-Pacific Ventures, LLC	  	Delaware
	Mirant (Bermuda), LTD	  	Bermuda
	Mirant Capital, Inc.	  	Delaware
	Mirant Fund 2001, LLC	  	Delaware
	Mirant International Investments, Inc.	  	Delaware
	Mirant Marsh Landing, LLC	  	Delaware
	Mirant Navotas Corporation	  	Philippines
	Mirant (Navotas II) Corporation	  	Philippines
	Mirant Tank Farm, LLC	  	Delaware
	Mirant Willow Pass, LLC	  	Delaware
	Mirant Wrightsville Investments, Inc.	  	Delaware
	Mirant Wrightsville Management, Inc.	  	Delaware
	Sual Construction Corporation	  	Philippines
	Wrightsville Development Funding, L.L.C.	  	Delaware
	Wrightsville Power Facility, L.L.C.	  	Delaware

  
 3 

  
 SCHEDULE 4.15(a)

 UCC Filing Jurisdictions 
  

			
	 Name of Loan Party
	  	 Jurisdiction

	GenOn Energy, Inc.	  	Delaware
	GenOn Americas, Inc.	  	Delaware
	Orion Power Holdings, Inc.	  	Delaware
	Orion Power Midwest, L.P.	  	Delaware
	Orion Power Midwest LP, LLC	  	Delaware
	Orion Power Midwest GP, Inc.	  	Delaware
	Orion Power Operating Services MidWest, Inc.	  	Delaware
	RRI Energy Asset Management, LLC	  	Delaware
	RRI Energy Broadband, Inc.	  	Delaware
	RRI Energy California Holdings, LLC	  	Delaware
	RRI Energy Communications, Inc.	  	Delaware
	RRI Energy Corporate Services, LLC	  	Delaware
	RRI Energy Florida, LLC	  	Delaware
	RRI Energy Key/Con Fuels, LLC	  	Delaware
	RRI Energy Northeast Generation, Inc.	  	Delaware
	RRI Energy Northeast Holdings, Inc.	  	Delaware
	RRI Energy Power Generation, Inc.	  	Delaware
	RRI Energy Sabine (Delaware), Inc.	  	Delaware
	RRI Energy Sabine (Texas), Inc.	  	Delaware
	RRI Energy Services, Inc.	  	Delaware
	RRI Energy Trading Exchange, Inc.	  	Delaware
	RRI Energy Ventures, Inc.	  	Delaware
	RRI Energy West, Inc.	  	Delaware
	RRI Energy Wholesale Generation, LLC	  	Delaware
	Mirant Americas Procurement, Inc.	  	Delaware
	Mirant California, LLC	  	Delaware
	Mirant Canal, LLC	  	Delaware
	Mirant Corporation	  	Delaware
	Mirant Delta, LLC	  	Delaware
	Mirant Dickerson Development, LLC	  	Delaware
	Mirant Intellectual Asset Management and Marketing, LLC	  	Delaware
	Mirant Kendall, LLC	  	Delaware
	Mirant New York Services, LLC	  	Delaware
	Mirant North America, LLC	  	Delaware
	Mirant Power Purchase, LLC	  	Delaware
	Mirant Potrero, LLC	  	Delaware
	Mirant Services, LLC	  	Delaware
	Mirant Special Procurement, Inc.	  	Delaware
	MNA Finance Corp.	  	Delaware

  
 4 

  
 SCHEDULE 4.17

 Subsidiaries 
  

	1.	Subsidiaries of Company. 

  

					
	 Name of Subsidiary
	  	Jurisdiction	  	Percentage of Capital
Stock Owned
	Orion Power Holdings, Inc.	  	Delaware	  	100%
	Orion Power Midwest, L.P.	  	Delaware	  	100%
	Orion Power Midwest LP, LLC	  	Delaware	  	100%
	Orion Power Midwest GP, Inc.	  	Delaware	  	100%
	Orion Power New York, L.P.	  	Delaware	  	100%
	Orion Power New York LP, LLC	  	Delaware	  	100%
	Orion Power New York GP, Inc.	  	Delaware	  	100%
	Orion Power Operating Services MidWest, Inc.	  	Delaware	  	100%
	RRI Energy Asset Management, LLC	  	Delaware	  	100%
	RRI Energy Broadband, Inc.	  	Delaware	  	100%
	RRI Energy California Holdings, LLC	  	Delaware	  	100%
	RRI Energy Channelview LP	  	Delaware	  	100%
	RRI Energy Channelview (Delaware) LLC	  	Delaware	  	100%
	RRI Energy Channelview (Texas), LLC	  	Delaware	  	100%
	RRI Energy Services Channelview LLC	  	Delaware	  	100%
	RRI Energy Communications, Inc.	  	Delaware	  	100%
	RRI Energy Corporate Services, LLC	  	Delaware	  	100%
	RRI Energy Florida, LLC	  	Delaware	  	100%
	RRI Energy Foundation, Inc.	  	Texas	  	100%
	RRI Energy Key/Con Fuels, LLC	  	Delaware	  	100%
	RRI Energy Holdings, Inc.	  	Delaware	  	100%
	RRI Energy Mid-Atlantic Power Holdings, LLC	  	Delaware	  	100%
	RRI Energy Mid-Atlantic Power Services, Inc.	  	Delaware	  	100%
	RRI Energy Northeast Generation, Inc.	  	Delaware	  	100%
	RRI Energy Northeast Holdings, Inc.	  	Delaware	  	100%
	RRI Energy Northeast Management Company	  	Pennsylvania	  	100%
	RRI Energy Power Generation, Inc.	  	Delaware	  	100%
	RRI Energy Sabine (Delaware), Inc.	  	Delaware	  	100%
	RRI Energy Sabine (Texas), Inc.	  	Delaware	  	100%
	RRI Energy Services Desert Basin, LLC	  	Delaware	  	100%
	RRI Energy Services, Inc.	  	Delaware	  	100%
	RRI Energy Solutions East, LLC	  	Delaware	  	100%
	RRI Energy Trading Exchange, Inc.	  	Delaware	  	100%
	RRI Energy Ventures, Inc.	  	Delaware	  	100%
	RRI Energy West, Inc.	  	Delaware	  	100%
	RRI Energy Wholesale Generation, LLC	  	Delaware	  	100%
	San Gabriel Power Generation, LLC	  	Delaware	  	100%

  
 5 

  

	2.	Subsidiaries of Mirant Corporation as of the date hereof (which after the completion on the Closing Date of the transactions contemplated by the Credit Agreement,
will become Subsidiaries of the Company). 

  

					
	 Name of Subsidiary
	  	 Jurisdiction
	  	Percentage of Capital
Stock Owned
	CEPA Slipform Power System Limited (Philippines)	  	Philippines	  	100%
	Coyote Springs 2, LLC	  	Delaware	  	100%
	Hudson Valley Gas Corporation	  	New York	  	100%
	MC Asset Recovery, LLC	  	Delaware	  	100%
	MCM Energy Ventures, Inc.	  	Georgia	  	100%
	Mirant (Bermuda), LTD	  	Bermuda	  	100%
	Mirant Americas Generation, LLC	  	Delaware	  	100%
	Mirant Americas Procurement, Inc.	  	Delaware	  	100%
	Mirant AP Investments Limited	  	British Virgin Islands	  	100%
	Mirant Asia-Pacific Construction (Hong Kong) Limited	  	Hong Kong	  	100%
	Mirant Asia-Pacific Ventures, LLC	  	Delaware	  	100%
	Mirant Americas, Inc.	  	Delaware	  	100%
	Mirant Bowline, LLC	  	Delaware	  	100%
	Mirant California, LLC	  	Delaware	  	100%
	Mirant Canal, LLC	  	Delaware	  	100%
	Mirant Capital, Inc.	  	Delaware	  	100%
	Mirant Chalk Point, LLC	  	Delaware	  	100%
	Mirant Delta, LLC	  	Delaware	  	100%
	Mirant Dickerson Development, LLC	  	Delaware	  	100%
	Mirant Energy Trading, LLC	  	Delaware	  	100%
	Mirant Fund 2001, LLC	  	Delaware	  	100%
	Mirant Gibbons Road, LLC	  	Delaware	  	100%
	Mirant Intellectual Asset Management and Marketing, LLC	  	Delaware	  	100%
	Mirant International Investments, Inc.	  	Delaware	  	100%
	Mirant Kendall, LLC	  	Delaware	  	100%
	Mirant Lovett, LLC	  	Delaware	  	100%
	Mirant Marsh Landing, LLC	  	Delaware	  	100%
	Mirant Marsh Landing Holdings, LLC	  	Delaware	  	100%
	Mirant MD Ash Management, LLC	  	Delaware	  	100%
	Mirant Mid-Atlantic, LLC	  	Delaware	  	100%
	Mirant Navotas Corporation	  	Philippines	  	100%
	Mirant (Navotas II) Corporation	  	Philippines	  	100%
	Mirant New York, LLC	  	Delaware	  	100%
	Mirant New York Services, LLC	  	Delaware	  	100%
	Mirant North America, LLC	  	Delaware	  	100%
	Mirant Piney Point, LLC	  	Delaware	  	100%
	Mirant Potomac River, LLC	  	Delaware	  	100%
	Mirant Potrero, LLC	  	Delaware	  	100%
	Mirant Power Purchase, LLC	  	Delaware	  	100%
	Mirant Services, LLC	  	Delaware	  	100%
	Mirant Special Procurement, Inc.	  	Delaware	  	100%
	Mirant Tank Farm, LLC	  	Delaware	  	100%
	Mirant Trust I	  	Delaware	  	100%
	Mirant Willow Pass, LLC	  	Delaware	  	100%
	Mirant Wrightsville Investments, Inc.	  	Delaware	  	100%
	Mirant Wrightsville Management, Inc.	  	Delaware	  	100%
	MNA Finance Corp.	  	Delaware	  	100%
	Sual Construction Corporation	  	Philippines	  	100%
	Wrightsville Development Funding, L.L.C.	  	Delaware	  	51%
	Wrightsville Power Facility, L.L.C.	  	Delaware	  	51%

  
 6 

  
 SCHEDULE 8.3(k)

 Existing Liens 
  

	1.	Liens securing the Existing Credit Agreements, the Existing RRI Secured Notes, the Existing PEDFA Bonds and related documents, which Liens will be released on the
Closing Date. 

  

	2.	Liens on assets of REMA and its subsidiaries created in connection with the August 2000 sale-leaseback of REMA’s interests in the Keystone, Conemaugh and Shawville
generating facilities. 

  

	3.	Capital lease consisting of the Facilities Services Agreement entered into on March 29, 2004 but effective as of October 1, 2003, by and among Atlantic City
Electric Company, Conemaugh Power LLC, Constellation Power Source Generation, Inc., Exelon Generation Company, PSEG Fossil LLC, Reliant Energy Mid-Atlantic Power Holdings, LLC, UGI Development Company and Conemaugh Fuels, LLC.

  

	4.	Liens securing capitalized lease obligations of Mirant Chalk Point, LLC. 

  

	5.	In order to secure its obligations under the eleven Conditional Indemnity Agreements executed by MIRMA in favor of each of the eleven Owner Lessors (identified below),
MIRMA (formerly known as Southern Energy Mid-Atlantic, LLC) as “mortgagor” executed in favor of the applicable Owner Lessor an Indemnity Mortgage (identified below) which encumbered, among other assets, the above-ground improvements
defined as the “Dickerson Facility” and the “Morgantown Facility.” Each of the Indemnity Mortgages is described in greater detail below: 

 

							
	 Indemnity Mortgage
	 	 Owner Lessor
	 	Date Executed	 
	 1.Indemnity Mortgage, Security Agreement and Fixture Filing (L1)
	 	Dickerson OL1 LLC	 	 	12/19/00	  
	 2.Indemnity Mortgage, Security Agreement and Fixture Filing (L2)
	 	Dickerson OL2 LLC	 	 	12/19/00	  
	 3.Indemnity Mortgage, Security Agreement and Fixture Filing (L3)
	 	Dickerson OL3 LLC	 	 	12/19/00	  
	 4.Indemnity Mortgage, Security Agreement and Fixture Filing (L4)
	 	Dickerson OL4 LLC	 	 	12/19/00	  
	 5.Indemnity Mortgage, Security Agreement and Fixture Filing (L1)
	 	Morgantown OL1 LLC	 	 	12/19/00	  
	 6.Indemnity Mortgage, Security Agreement and Fixture Filing (L2)
	 	Morgantown OL2 LLC	 	 	12/19/00	  
	 7.Indemnity Mortgage, Security Agreement and Fixture Filing (L3)
	 	Morgantown OL3 LLC	 	 	12/19/00	  
	 8.Indemnity Mortgage, Security Agreement and Fixture Filing (L4)
	 	Morgantown OL4 LLC	 	 	12/19/00	  
	 9.Indemnity Mortgage, Security Agreement and Fixture Filing (L5)
	 	Morgantown OL5 LLC	 	 	12/19/00	  
	 10.Indemnity Mortgage, Security Agreement and Fixture Filing (L6)
	 	Morgantown OL6 LLC	 	 	12/19/00	  
	 11.Indemnity Mortgage, Security Agreement and Fixture Filing (L7)
	 	Morgantown OL7 LLC	 	 	12/19/00	  

  
 7 

  
 Related UCC filings below: 

 

							
	 Filing Locations
	 	 Debtor
	 	 Secured Party
	 	 Description of Filing

	 DE – SOS
 MD –
Department of
 Assessments and Taxation
	 	Mirant Mid-Atlantic, LLC	 	Dickerson OL1 LLC	 	Indemnity finance statement covering collateral including assets relating to Dickerson facility.
				
	 DE – SOS
 MD –
Department of
 Assessments and Taxation
	 	Mirant Mid-Atlantic, LLC	 	Dickerson OL2 LLC	 	Indemnity finance statement covering collateral including assets relating to Dickerson facility.
				
	 DE – SOS
 MD –
Department of
 Assessments and Taxation
	 	Mirant Mid-Atlantic, LLC	 	Dickerson OL3 LLC	 	Indemnity finance statement covering collateral including assets relating to Dickerson facility.
				
	 DE – SOS
 MD –
Department of
 Assessments and Taxation
	 	Mirant Mid-Atlantic, LLC	 	Dickerson OL4 LLC	 	Indemnity finance statement covering collateral including assets relating to Dickerson facility.
				
	 DE – SOS
 MD –
Department of
 Assessments and Taxation
	 	Mirant Mid-Atlantic, LLC	 	Morgantown OL1 LLC	 	Indemnity finance statement covering collateral including assets relating to Morgantown facility.
				
	 DE – SOS
 MD –
Department of
 Assessments and Taxation
	 	Mirant Mid-Atlantic, LLC	 	Morgantown OL2 LLC	 	Indemnity finance statement covering collateral including assets relating to Morgantown facility.
				
	 DE – SOS
 MD –
Department of
 Assessments and Taxation
	 	Mirant Mid-Atlantic, LLC	 	Morgantown OL3 LLC	 	Indemnity finance statement covering collateral including assets relating to Morgantown facility.
				
	 DE – SOS
 MD –
Department of
 Assessments and Taxation
	 	Mirant Mid-Atlantic, LLC	 	Morgantown OL4 LLC	 	Indemnity finance statement covering collateral including assets relating to Morgantown facility.
				
	 DE – SOS
 MD –
Department of
 Assessments and Taxation
	 	Mirant Mid-Atlantic, LLC	 	Morgantown OL5 LLC	 	Indemnity finance statement covering collateral including assets relating to Morgantown facility.
				
	 DE – SOS
 MD –
Department of
 Assessments and Taxation
	 	Mirant Mid-Atlantic, LLC	 	Morgantown OL6 LLC	 	Indemnity finance statement covering collateral including assets relating to Morgantown facility.
				
	 DE – SOS
 MD –
Department of
 Assessments and Taxation
	 	Mirant Mid-Atlantic, LLC	 	Morgantown OL7 LLC	 	Indemnity finance statement covering collateral including assets relating to Morgantown facility.

 

	6.	 Security interests in and easement on an undivided interest in the “SEMA Shared Facilities” (as defined in the Shared Facilities Agreement,
dated as of December 18, 2000, among Southern Energy Mid-Atlantic, LLC, Dickerson OL1 LLC, Dickerson OL2 LLC, Dickerson OL3 LLC and Dickerson OL4 LLC (the “Dickerson Shared Facilities Agreement”)) and contingent security
interests in and easement on an undivided interest in the “Owner Lessor Shared Facilities” (as defined in the Dickerson Shared Facilities 

  
 8 

	 	 
Agreement), in each case granted pursuant to the Amended and Restated Second Amended Joint Chapter 11 Plan of Reorganization for Mirant Corporation and its Affiliated Debtors, dated
December 9, 2005, In re Mirant Corporation, et al., Debtors (the “Plan of Reorganization”) in connection with and upon the assumption of the MIRMA Leases (as defined in the Plan of Reorganization) and to be documented post
closing under (i) a deed of trust, security agreement and fixture filing and related agreements and recorded in Montgomery County, Maryland among MIRMA as trustor, Chicago Title Insurance Company (or such other trustee), as trustee, and
Dickerson OL1 LLC as the beneficiary, (ii) a UCC-1 financing statement filed with the Delaware Secretary of State and (iii) an easement agreement recorded in Montgomery County, Maryland entered into by MIRMA and Mirant MD Ash Management,
LLC, as grantors, in favor of Dickerson OL1 LLC, as grantee. 

  

	7.	Security interests in and easement on an undivided interest in the “SEMA Shared Facilities” (as defined in Dickerson Shared Facilities Agreement) and
contingent security interests in and easement on an undivided interest in the “Owner Lessor Shared Facilities” (as defined in the Dickerson Shared Facilities Agreement), in each case granted pursuant to the Plan of Reorganization in
connection with and upon the assumption of the MIRMA Leases and to be documented post closing under (i) a deed of trust, security agreement and fixture filing and related agreements and recorded in Montgomery County, Maryland among MIRMA as
trustor, Chicago Title Insurance Company (or such other trustee), as trustee, and Dickerson OL2 LLC as the beneficiary, (ii) a UCC-1 financing statement filed with the Delaware Secretary of State and (iii) an easement agreement recorded in
Montgomery County, Maryland entered into by MIRMA and Mirant MD Ash Management, LLC, as grantors, in favor of Dickerson OL2 LLC, as grantee. 

  

	8.	Security interests in and easement on an undivided interest in the “SEMA Shared Facilities” (as defined in Dickerson Shared Facilities Agreement) and
contingent security interests in and easement on an undivided interest in the “Owner Lessor Shared Facilities” (as defined in the Dickerson Shared Facilities Agreement), in each case granted pursuant to the Plan of Reorganization in
connection with and upon the assumption of the MIRMA Leases and to be documented post closing under (i) a deed of trust, security agreement and fixture filing and related agreements and recorded in Montgomery County, Maryland among MIRMA as
trustor, Chicago Title Insurance Company (or such other trustee), as trustee, and Dickerson OL3 LLC as the beneficiary, (ii) a UCC-1 financing statement filed with the Delaware Secretary of State and (iii) an easement agreement recorded in
Montgomery County, Maryland entered into by MIRMA and Mirant MD Ash Management, LLC, as grantors, in favor of Dickerson OL3 LLC, as grantee. 

  

	9.	Security interests in and easement on an undivided interest in the “SEMA Shared Facilities” (as defined in Dickerson Shared Facilities Agreement) and
contingent security interests in and easement on an undivided interest in the “Owner Lessor Shared Facilities” (as defined in the Dickerson Shared Facilities Agreement), in each case granted pursuant to the Plan of Reorganization in
connection with and upon the assumption of the MIRMA Leases and to be documented post closing under (i) a deed of trust, security agreement and fixture filing and related agreements and recorded in Montgomery County, Maryland among MIRMA as
trustor, Chicago Title Insurance Company (or such other trustee), as trustee, and Dickerson OL4 LLC as the beneficiary, (ii) a UCC-1 financing statement filed with the Delaware Secretary of State and (iii) an easement agreement recorded in
Montgomery County, Maryland entered into by MIRMA and Mirant MD Ash Management, LLC, as grantors, in favor of Dickerson OL4 LLC, as grantee. 

  

	10.	 Security interests in and easement on an undivided interest in the “SEMA Shared Facilities” (as defined in the Shared Facilities Agreement,
dated as of December 18, 2000, among Southern Energy Mid-Atlantic, LLC, Morgantown OL1 LLC, Morgantown OL2 LLC, Morgantown OL3 LLC, Morgantown OL4 LLC, Morgantown OL5 LLC, Morgantown OL6 LLC and Morgantown OL4 LLC (the “Morgantown
Shared Facilities Agreement”)) and contingent security interests in and easement on an undivided interest in the “Owner Lessor Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement), in each case granted
pursuant to the Plan of Reorganization in connection with and upon the assumption of the MIRMA Leases and to be documented post closing under (i) a deed of trust, security agreement and fixture filing and

  
 9 

	 	 
related agreements and recorded in Montgomery County, Maryland among MIRMA as trustor, Chicago Title Insurance Company (or such other trustee), as trustee, and Morgantown OL1 LLC as the
beneficiary, (ii) a UCC-1 financing statement filed with the Delaware Secretary of State and (iii) an easement agreement recorded in Charles County, Maryland entered into by MIRMA and Mirant MD Ash Management, LLC, as grantors, in favor of
Morgantown OL1 LLC, as grantee. 

  

	11.	Security interests in and easement on an undivided interest in the “SEMA Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement) and
contingent security interests in and easement on an undivided interest in the “Owner Lessor Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement), in each case granted pursuant to the Plan of Reorganization in
connection with and upon the assumption of the MIRMA Leases and to be documented post closing under (i) a deed of trust, security agreement and fixture filing and related agreements and recorded in Montgomery County, Maryland among MIRMA as
trustor, Chicago Title Insurance Company (or such other trustee), as trustee, and Morgantown OL2 LLC as the beneficiary, (ii) a UCC-1 financing statement filed with the Delaware Secretary of State and (iii) an easement agreement recorded
in Charles County, Maryland entered into by MIRMA and Mirant MD Ash Management, LLC, as grantors, in favor of Morgantown OL2 LLC, as grantee. 

  

	12.	Security interests in and easement on an undivided interest in the “SEMA Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement) and
contingent security interests in and easement on an undivided interest in the “Owner Lessor Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement), in each case granted pursuant to the Plan of Reorganization in
connection with and upon the assumption of the MIRMA Leases and to be documented post closing under (i) a deed of trust, security agreement and fixture filing and related agreements and recorded in Montgomery County, Maryland among MIRMA as
trustor, Chicago Title Insurance Company (or such other trustee), as trustee, and Morgantown OL3 LLC as the beneficiary, (ii) a UCC-1 financing statement filed with the Delaware Secretary of State and (iii) an easement agreement recorded
in Charles County, Maryland entered into by MIRMA and Mirant MD Ash Management, LLC, as grantors, in favor of Morgantown OL3 LLC, as grantee. 

  

	13.	Security interests in and easement on an undivided interest in the “SEMA Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement) and
contingent security interests in and easement on an undivided interest in the “Owner Lessor Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement), in each case granted pursuant to the Plan of Reorganization in
connection with and upon the assumption of the MIRMA Leases and to be documented post closing under (i) a deed of trust, security agreement and fixture filing and related agreements and recorded in Montgomery County, Maryland among MIRMA as
trustor, Chicago Title Insurance Company (or such other trustee), as trustee, and Morgantown OL4 LLC as the beneficiary, (ii) a UCC-1 financing statement filed with the Delaware Secretary of State and (iii) an easement agreement recorded
in Charles County, Maryland entered into by MIRMA and Mirant MD Ash Management, LLC, as grantors, in favor of Morgantown OL4 LLC, as grantee. 

  

	14.	Security interests in and easement on an undivided interest in the “SEMA Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement) and
contingent security interests in and easement on an undivided interest in the “Owner Lessor Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement), in each case granted pursuant to the Plan of Reorganization in
connection with and upon the assumption of the MIRMA Leases and to be documented post closing under (i) a deed of trust, security agreement and fixture filing and related agreements and recorded in Montgomery County, Maryland among MIRMA as
trustor, Chicago Title Insurance Company (or such other trustee), as trustee, and Morgantown OL5 LLC as the beneficiary, (ii) a UCC-1 financing statement filed with the Delaware Secretary of State and (iii) an easement agreement recorded
in Charles County, Maryland entered into by MIRMA and Mirant MD Ash Management, LLC, as grantors, in favor of Morgantown OL5 LLC, as grantee. 

  

	15.	 Security interests in and easement on an undivided interest in the “SEMA Shared Facilities” (as defined in the Morgantown Shared Facilities
Agreement) and contingent security interests in and easement on an 

  
 10 

	 	 
undivided interest in the “Owner Lessor Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement), in each case granted pursuant to the Plan of Reorganization in
connection with and upon the assumption of the MIRMA Leases and to be documented post closing under (i) a deed of trust, security agreement and fixture filing and related agreements and recorded in Montgomery County, Maryland among MIRMA as
trustor, Chicago Title Insurance Company (or such other trustee), as trustee, and Morgantown OL6 LLC as the beneficiary, (ii) a UCC-1 financing statement filed with the Delaware Secretary of State and (iii) an easement agreement recorded
in Charles County, Maryland entered into by MIRMA and Mirant MD Ash Management, LLC, as grantors, in favor of Morgantown OL6 LLC, as grantee. 

  

	16.	Security interests in and easement on an undivided interest in the “SEMA Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement) and
contingent security interests in and easement on an undivided interest in the “Owner Lessor Shared Facilities” (as defined in the Morgantown Shared Facilities Agreement), in each case granted pursuant to the Plan of Reorganization in
connection with and upon the assumption of the MIRMA Leases and to be documented post closing under (i) a deed of trust, security agreement and fixture filing and related agreements and recorded in Montgomery County, Maryland among MIRMA as
trustor, Chicago Title Insurance Company (or such other trustee), as trustee, and Morgantown OL7 LLC as the beneficiary, (ii) a UCC-1 financing statement filed with the Delaware Secretary of State and (iii) an easement agreement recorded
in Charles County, Maryland entered into by MIRMA and Mirant MD Ash Management, LLC, as grantors, in favor of Morgantown OL7 LLC, as grantee. 

  

	17.	Memorandum of Agreement, dated November 6, 2009, by and between Mirant Potrero LLC (“Potrero”) and the City and County of San Francisco, a charter
city and county (the “City”), comprising covenants running with the land and memorializing the terms of the Settlement Agreement, dated as of August 13, 2009, between the City and Potrero. 

 

	18.	The former Lovett plant, which has been demolished, has several miles of water pipeline that were used to serve the plant. However, the plant’s former owner
(Orange & Rockland Utility Company) entered into license agreements with local homeowners to permit them to tap into the water pipeline to access water service from United Water Company (“United Water”). While the license
agreements allow Mirant Lovett, LLC (“Mirant Lovett”) to discontinue service through the pipeline, the homeowners have no other practical access to a water line. United Water desires to take ownership of the water line for a nominal
amount ($10.00) to provide the continued service and assume the licenses with local homeowners. The proposed documentation includes (a) a Bill of Sale for the pipeline, under which Mirant Lovett transfers the pipeline in an “as is”
condition; (b) an Assignment and Assumption Agreement, under which United Water will assume and agree to perform the licenses with homeowners; and (c) a License for United Water to use certain easements held by Mirant Lovett for the water
pipeline. 

  

	19.	The Village of Haverstraw is seeking recreational easements in respect of certain parcels of real property owned by Mirant Bowline LLC (“Mirant
Bowline”), and Mirant Bowline intends to transfer certain parcels or provide easements to the Village of Haverstraw in respect thereof. 

  
 11 

  
 SCHEDULE 8.6(l)

 Existing Investments 
  

	1.	In furtherance of, and without limiting Section 8.6(g) of the Credit Agreement, the Company hereby discloses the following expected transactions in furtherance of
the development and construction of the Marsh Landing Generating Station (“Marsh Landing GS”): 

  

	 	(a)	Several intercompany transactions are expected to occur in connection with the development and construction of the Marsh Landing GS, a new 760 megawatt natural-gas
fired electricity generating facility to be located at the site of the existing Contra Costa Power Plant (“CCPP”) near Antioch, California. 

 

	 	(c)	Mirant Delta, LLC (“Mirant Delta”) owns the CCPP and the existing CCPP site. Mirant Delta is in the process of obtaining approval from Contra Costa
County to subdivide the 27-acre Marsh Landing GS site from the larger CCPP site, thereby creating two separate legal parcels. The subdivision is expected to be finalized in late September 2010. Mirant Delta plans to sell the 27-acre Marsh Landing GS
site to Mirant Marsh Landing, LLC (“Mirant Marsh Landing”) for fair market value. As part of the sale, Mirant Delta will convey easements and related rights to Mirant Marsh Landing that will allow Mirant Marsh Landing to use portions of
the CCPP site for various purposes relating to construction, operation and maintenance of the Marsh Landing GS, including easements for a natural gas pipeline and metering station, electrical interconnection facilities, new groundwater supply wells,
a groundwater supply pipeline, a wastewater discharge pipeline, a potable water connection to the local water supply system, ingress/egress, and stormwater discharge. Also as part of the sale, Mirant Delta and Mirant Marsh Landing will enter into an
agreement to share certain facilities and services, including a common stormwater outfall and firewater conveyance system, and on-site security services. Mirant Marsh Landing may convey easements to Mirant Delta to allow Mirant Delta to continue
existing uses of the Marsh Landing GS site. 

  

	 	(b)	It is anticipated that Mirant Services, Inc. or its successor will enter into an agreement with Mirant Marsh Landing with respect to corporate services and employees in
substantially the same format as agreements with other subsidiaries. Mirant California, LLC will sell certain emissions reductions credits to Mirant Marsh Landing for fair market value. Those credits will be surrendered to the Bay Area Air Quality
Management District as required by the Marsh Landing GS environmental permits. 

  

	 	(d)	Agreements for the transactions summarized above are expected to be signed in late September 2010 or early October 2010. The transactions will close prior to the start
of construction of the Marsh Landing GS, which could occur as early as December 2010. 

  
 12 

  
 EXHIBIT A 

FORM OF 

GUARANTEE AGREEMENT 

  

 
 GUARANTEE AGREEMENT 

made by 
 the
Guarantors party hereto 
 in favor of 
 JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent 

Dated as of [—], 2010 

 
  

 

  
 TABLE OF CONTENTS

  

							
	 	  	 	  	Page	 
	 SECTION 1.
	  	 DEFINED TERMS
	  	 	2	  
	 1.1
	  	 Definitions
	  	 	2	  
	 1.2
	  	 Other Definitional Provisions
	  	 	2	  
	 SECTION 2.
	  	 GUARANTEE
	  	 	2	  
	 2.1
	  	 Guarantee
	  	 	2	  
	 2.2
	  	 Right of Contribution
	  	 	3	  
	 2.3
	  	 No Subrogation
	  	 	3	  
	 2.4
	  	 Amendments, etc. with respect to the Obligations
	  	 	3	  
	 2.5
	  	 Guarantee Absolute and Unconditional
	  	 	4	  
	 2.6
	  	 Reinstatement
	  	 	4	  
	 2.7
	  	 Payments
	  	 	4	  
	 SECTION 3.
	  	 MISCELLANEOUS
	  	 	4	  
	 3.1
	  	 Authority of Administrative Agent
	  	 	4	  
	 3.2
	  	 Amendments in Writing
	  	 	5	  
	 3.3
	  	 Notices
	  	 	5	  
	 3.4
	  	 No Waiver by Course of Conduct; Cumulative Remedies
	  	 	5	  
	 3.5
	  	 Successors and Assigns
	  	 	5	  
	 3.6
	  	 Set-Off
	  	 	5	  
	 3.7
	  	 Counterparts
	  	 	5	  
	 3.8
	  	 Severability
	  	 	5	  
	 3.9
	  	 Section Headings
	  	 	6	  
	 3.10
	  	 Integration
	  	 	6	  
	 3.11
	  	 GOVERNING LAW
	  	 	6	  
	 3.12
	  	 Submission To Jurisdiction; Waivers
	  	 	6	  
	 3.13
	  	 Acknowledgements
	  	 	6	  
	 3.14
	  	 Additional Guarantors
	  	 	6	  
	 3.15
	  	 Releases
	  	 	7	  
	 3.16
	  	 WAIVER OF JURY TRIAL
	  	 	7	  
			
	 SCHEDULES
	  		  			
			
	 Schedule 1
	  	 Notice Addresses
	  			
			
	 ANNEXES
	  		  			
			
	 Annex 1
	  	 Assumption Agreement
	  			

  
 i 

  
 GUARANTEE AGREEMENT

 GUARANTEE AGREEMENT, dated as of [—], 2010, made by each of the
Subsidiaries of GenOn Energy, Inc. (formerly known as RRI Energy, Inc.), a Delaware corporation (the “Company”) (collectively, and together with any other entity that may become a party hereto as provided herein, the
“Guarantors”), in favor of JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the banks and other financial institutions or entities (the
“Lenders”) from time to time parties to the Credit Agreement, dated as of September 20, 2010 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Company, GenOn Americas, Inc. (formerly known as Mirant Americas, Inc.), a Delaware corporation (“GAI”; each of GAI and the Company, a “Borrower” and, together, the
“Borrowers”), the Administrative Agent, the Lenders, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc., as co-syndication agents, and Goldman Sachs Credit Partners L.P. and Morgan Stanley Senior Funding, Inc., as
co-documentation agents. 
 W I T N E S S E T H:

 WHEREAS, pursuant to the Agreement and Plan of Merger, dated as of April 11, 2010 (the “Merger
Agreement”), by and among RRI Energy, Inc. (“RRI”), a Delaware corporation, RRI Energy Holdings, Inc. (“Merger Sub”), a Delaware corporation and wholly owned subsidiary of RRI, and Mirant Corporation
(“Mirant”), a Delaware corporation, Merger Sub will merge with and into Mirant (the “Merger”) concurrently with the initial funding of Loans under the Credit Agreement, with Mirant surviving the Merger as a
wholly-owned subsidiary of RRI; 
 WHEREAS, in connection with the Merger, RRI will change its name to GenOn Energy, Inc. and
certain existing Debt of Mirant North America, LLC, a Delaware limited liability company, and RRI, as described in Section 5.22 of the Merger Agreement, will be refinanced and related fees and expenses will be paid (the Merger, together with
the refinancing and payment of related fees and expenses in connection therewith, the “Transaction”); 

WHEREAS, in connection with the Transaction, the Borrowers, the Lenders, the Administrative Agent and the other agents and entities party
thereto are entering into the Credit Agreement, which provides, among other things, for the borrowing of Loans and the issuance of Letters of Credit, in each case for uses as contemplated by the Credit Agreement; 

WHEREAS, the Borrowers are members of an affiliated group of companies that includes each other Guarantor; 

WHEREAS, in addition to the refinancing of Debt described above, the proceeds of the extensions of credit under the Credit Agreement will
be used in part to enable the Borrowers to make valuable transfers to one or more of the other Guarantors in connection with the operation of their respective businesses; 
 WHEREAS, the Borrowers and the other Guarantors are engaged in related businesses, and each Guarantor will derive substantial direct and indirect benefit from the making of the extensions of credit under
the Credit Agreement; and 
 WHEREAS, it is a condition precedent to the obligation of the Lenders to make their respective
extensions of credit to the Borrowers under the Credit Agreement that the Guarantors shall have executed and delivered this Agreement to the Administrative Agent; 

  
 NOW, THEREFORE, in
consideration of the premises and to induce the Administrative Agent and the Lenders to enter into the transactions contemplated by the Credit Agreement and to induce the Lenders to make their respective extensions of credit to the Borrowers
thereunder, and to induce the Specified Hedging Counterparties to enter into Hedging Agreements, each Guarantor hereby agrees with the Administrative Agent, as follows: 
 SECTION 1. DEFINED TERMS 
 1.1 Definitions. (a) Unless otherwise
defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 (b) The following terms shall have the following meanings: 

“Agreement”: this Guarantee Agreement, as the same may be amended, supplemented or otherwise modified from time to time.

 “Guaranteed Parties”: the Administrative Agent, the Lenders and the Specified Hedging Counterparties.

 1.2 Other Definitional Provisions. (a) The words “hereof,” “herein”, “hereto” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section and Schedule references are to this Agreement unless otherwise
specified. 
 (b) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms
of such terms. 
 SECTION 2. GUARANTEE 
 2.1 Guarantee. (a) Each of the Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees to the Administrative Agent, for the ratable benefit of the Guaranteed
Parties and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by the Borrowers when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations. 

(b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of each Subsidiary Guarantor
hereunder and under the other Loan Documents shall in no event exceed (i) the amount which can be guaranteed by such Subsidiary Guarantor under applicable federal and state laws relating to the insolvency of debtors (after giving effect to the
right of contribution established in Section 2.2) or (ii) the amount which can be guaranteed by such Subsidiary Guarantor under the Mirant Americas Generation, LLC Seventh Supplemental Indenture dated as of January 3, 2006, if and to
the extent any such limitations are applicable. 
 (c) Each Guarantor agrees that the Obligations may at any time and from time
to time exceed the amount of the liability of such Guarantor hereunder without impairing the guarantee contained in this Section 2 or affecting the rights and remedies of any Administrative Agent hereunder. 

(d) The guarantee contained in this Section 2 shall remain in full force and effect until all the Obligations and the obligations of
each Guarantor under the guarantee contained in this Section 2 shall have been satisfied by payment in full, no Letter of Credit shall be outstanding (other than any Letter of Credit that has been cash collateralized in accordance with the
Credit Agreement or supported with a back-to-back letter of credit reasonably acceptable to the relevant Issuing Lender) and the Commitments shall be terminated, notwithstanding that from time to time during the term of the Credit Agreement either
Borrower, or both Borrowers, may be free from any Obligations. 
 (e) No payment made by either Borrower, any of the Subsidiary
Guarantors, any other guarantor or any other Person or received or collected by any Guaranteed Party from any of the Guarantors, any other guarantor or 

  
 2 

 
any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Obligations shall be
deemed to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by such Guarantor in respect of the Obligations or any payment received or
collected from such Guarantor in respect of the Obligations), remain liable for the Obligations up to the maximum liability of such Guarantor hereunder until the Obligations are paid in full, no Letter of Credit shall be outstanding (other than any
Letter of Credit that has been cash collateralized in accordance with the Credit Agreement or supported with a back-to-back letter of credit reasonably acceptable to the relevant Issuing Lender) and the Commitments are terminated. 

2.2 Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its
proportionate share of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s
right of contribution shall be subject to the terms and conditions of Section 2.3. The provisions of this Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to any Guaranteed Party, and each Guarantor
shall remain liable to such Guaranteed Party for the full amount guaranteed by such Guarantor hereunder. 
 2.3 No
Subrogation. Notwithstanding any payment made by any Guarantor hereunder or any set-off or application of funds of any Guarantor by any Guaranteed Party, no Guarantor shall be entitled to enforce or otherwise exercise any right of subrogation to
any of the rights of any Guaranteed Party against either Borrower or any other Guarantor or any collateral security or guarantee or right of offset held by the Collateral Trustee, the Administrative Agent or any other Guaranteed Party for the
payment of the Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from either Borrower or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the
Guaranteed Parties by the Borrowers on account of the Obligations are paid in full, no Letter of Credit shall be outstanding (other than any Letter of Credit that has been cash collateralized in accordance with the Credit Agreement or supported with
a back-to-back letter of credit reasonably acceptable to the relevant Issuing Lender) and the Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Obligations
shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Guaranteed Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Collateral
Trustee in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Collateral Trustee, if required), to be applied against the Obligations, whether matured or unmatured, in such order as specified in the Credit Agreement or
Collateral Trust Agreement, as applicable. If all Obligations due and owing shall have been paid in full, no Letter of Credit shall be outstanding (other than any Letter of Credit that has been cash collateralized in accordance with the Credit
Agreement or supported with a back-to-back letter of credit reasonably acceptable to the relevant Issuing Lender) and the Commitments shall have been terminated, each of the Guaranteed Parties will, at such Guarantor’s reasonable request and
expense, execute and deliver to such Guarantor appropriate documents, without recourse and without representation and warranty, necessary to evidence the transfer by subrogation to such Guarantor of an interest in the Obligations resulting from any
payment made by such Guarantor pursuant to this Agreement. 
 2.4 Amendments, etc. with respect to the Obligations. Each
Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, any demand for payment of any of the Obligations made by any
Guaranteed Party may be rescinded by such Guaranteed Party and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of
offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by any Guaranteed Party, and the Credit Agreement and the other Loan
Documents and any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Majority Lenders or all Lenders, as the case may be) may
deem advisable from time to time, and any collateral 

  
 3 

 
security, guarantee or right of offset at any time held by any Guaranteed Party for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. No Guaranteed Party
shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto. 

2.5 Guarantee Absolute and Unconditional. Each Guarantor waives any and all notice of the creation, renewal, extension or accrual
of any of the Obligations and notice of or proof of reliance by any Guaranteed Party upon the guarantee contained in this Section 2 or acceptance of the guarantee contained in this Section 2; the Obligations, and any of them, shall
conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained in this Section 2; and all dealings between the Borrowers and any of the Subsidiary
Guarantors, on the one hand, and the Guaranteed Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained in this Section 2. Each Guarantor waives diligence,
presentment, protest, demand for payment and notice of default or nonpayment to or upon the Borrowers or any of the Subsidiary Guarantors with respect to the Obligations. Each Guarantor understands and agrees that the guarantee contained in this
Section 2 shall be construed as a continuing, absolute and unconditional guarantee of payment without regard to (a) the validity or enforceability of the Credit Agreement or any other Loan Document, any of the Obligations or any other
collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by any Guaranteed Party, (b) any defense, set-off or counterclaim (other than a defense of payment or performance) which may
at any time be available to or be asserted by either Borrower or any other Person against any Guaranteed Party, or (c) any other circumstance whatsoever (with or without notice to or knowledge of such Guarantor) which constitutes, or might be
construed to constitute, an equitable or legal discharge of a Borrower for the Obligations, or of such Guarantor under the guarantee contained in this Section 2, in bankruptcy or in any other instance. When making any demand hereunder or
otherwise pursuing its rights and remedies hereunder against any Guarantor, any Guaranteed Party may, but shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as it may have against any Borrower, any
other Guarantor or any other Person or against any collateral security or guarantee for the Obligations or any right of offset with respect thereto, and any failure by any Guaranteed Party to make any such demand, to pursue such other rights or
remedies or to collect any payments from any Borrower, any other Guarantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of any Borrower, any other Guarantor
or any other Person or any such collateral security, guarantee or right of offset, shall not relieve any Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or
available as a matter of law, of any Guaranteed Party against any Guarantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. 

2.6 Reinstatement. The guarantee contained in this Section 2 shall continue to be effective, or be reinstated, as the case
may be, if at any time payment, or any part thereof, of any of the Obligations is rescinded or must otherwise be restored or returned by any Guaranteed Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Borrower
or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any Borrower or any Subsidiary Guarantor or any substantial part of its property, or otherwise, all as though
such payments had not been made. 
 2.7 Payments. Each Guarantor hereby guarantees that payments hereunder will be paid
to the Administrative Agent. 
 SECTION 3. MISCELLANEOUS 

3.1 Authority of Administrative Agent. Each Guarantor acknowledges that the rights and responsibilities of the Administrative
Agent under this Agreement with respect to any action taken by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of any right or remedy provided for herein or resulting or arising out of this Agreement shall be
governed by the Credit Agreement or the Collateral Trust Agreement, as 

  
 4 

 
applicable, and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Administrative Agent and the Guarantors, the Administrative Agent
shall be conclusively presumed to be acting as agent for the Guaranteed Parties with full and valid authority so to act or refrain from acting, and no Guarantor shall be under any obligation, or entitlement, to make any inquiry respecting such
authority. 
 3.2 Amendments in Writing. None of the terms or provisions of this Agreement may be waived, amended,
supplemented or otherwise modified except in accordance with Section 11.1 of the Credit Agreement. 
 3.3 Notices.
All notices, requests and demands to or upon the Administrative Agent or any Guarantor hereunder shall be effected in the manner provided for in Section 11.2 of the Credit Agreement; provided that any such notice, request or demand to or
upon any Guarantor shall be addressed to such Guarantor at its notice address set forth on Schedule 1. 
 3.4 No
Waiver by Course of Conduct; Cumulative Remedies. No Guaranteed Party shall by any act (except by a written instrument pursuant to Section 3.2), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder
or to have acquiesced in any Default or Event of Default. No failure to exercise, nor any delay in exercising, on the part of any Guaranteed Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial
exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by any Guaranteed Party of any right or remedy hereunder on any one occasion
shall not be construed as a bar to any right or remedy which such Guaranteed Party would otherwise have on any future occasion. The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of
any other rights or remedies provided by law. 
 3.5 Successors and Assigns. This Agreement shall be binding upon the
successors and assigns of each Guarantor and shall inure to the benefit of the Guaranteed Parties and their respective successors and assigns; provided that no Guarantor may assign, transfer or delegate any of its rights or obligations under
this Agreement without the prior written consent of the Administrative Agent. 
 3.6 Set-Off. Each Guarantor hereby
irrevocably authorizes each Guaranteed Party at any time and from time to time, without notice to any Borrower or any other Guarantor, any such notice being expressly waived by each Guarantor, to set-off and appropriate and apply any and all
deposits (general or special, time or demand, provisional or final), or any part thereof in such amounts as such Guaranteed Party may elect, in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct
or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Guaranteed Party to or for the credit or the account of such Guarantor, against and on account of the obligations and liabilities of such Guarantor to such
Guaranteed Party hereunder and claims of every nature and description of such Guaranteed Party against such Guarantor, in any currency, whether arising hereunder, under the Credit Agreement, any other Loan Document or otherwise, as such Guaranteed
Party may elect, whether or not such Guaranteed Party has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. Each Guaranteed Party shall notify the Company and the Administrative Agent
promptly of any such set-off and the application made by such Guaranteed Party of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Guaranteed Party
under this Section 3.6 are in addition to other rights and remedies (including, without limitation, other rights of set-off) which such Guaranteed Party may have. 
 3.7 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed
to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by email or facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. 

3.8 Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without 

  
 5 

 
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. 
 3.9 Section Headings. The Section headings used in this Agreement are for convenience of reference only
and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 
 3.10
Integration. This Agreement and the other Loan Documents represent the agreement of the Guarantors and the Guaranteed Parties with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or
warranties by the Administrative Agent or any other Guaranteed Party relative to subject matter hereof and thereof not expressly set forth or referred to herein or in the other Loan Documents. 

3.11 GOVERNING LAW. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 3.12 Submission To
Jurisdiction; Waivers. Each Guarantor hereby irrevocably and unconditionally: 
 (a) submits for itself and its property in
any legal action or proceeding relating to this Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the
State of New York, the courts of the United States of America for the Southern District of New York, and appellate courts from any thereof; 
 (b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or
that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 
 (c) agrees
that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Guarantor at its address referred to in
Section 3.3 or at such other address of which the Administrative Agent shall have been notified pursuant thereto; 
 (d)
agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 

(e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding
referred to in this Section any special, exemplary, punitive or consequential damages. 
 3.13 Acknowledgements. Each
Guarantor hereby acknowledges that: 
 (a) it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Loan Documents to which it is a party; 
 (b) neither the Administrative Agent nor any other Guaranteed
Party has any fiduciary relationship with or duty to any Guarantor arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Guarantors, on the one hand, and the Guaranteed Parties, on
the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 
 (c) no joint venture is
created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby among the Guaranteed Parties or among the Guarantors and the Guaranteed Parties. 

3.14 Additional Guarantors. Each Subsidiary of the Company that is required to become a party to this Agreement pursuant to
Section 6.7 of the Credit Agreement shall become a Guarantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex 1 hereto. 

  
 6 

  
 3.15 Releases.
(a) Upon the satisfaction of the conditions set forth in Section 11.14(b) of the Credit Agreement, this Agreement and all obligations (other than those expressly stated to survive such termination) of each Guaranteed Party and each
Guarantor hereunder shall terminate, all without delivery of any instrument or performance of any act by any party. 
 (b) A
Guarantor shall be released from its obligations hereunder in the event that the provisions of clause (B) or (C) of Section 5.1(a) of the Collateral Trust Agreement shall be satisfied with respect to such Guarantor. 

3.16 WAIVER OF JURY TRIAL. EACH GUARANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL
ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

  
 7 

  
 IN WITNESS WHEREOF,
each of the undersigned has caused this Guarantee Agreement to be duly executed and delivered as of the date first above written. 
  

			
	[INSERT NAMES OF SUBSIDIARY GUARANTORS]
		
	By:	 	 
		 	Name:
		 	Title:

  
 Signature Page to Guarantee Agreement 

  
 Schedule 1

 NOTICE ADDRESSES OF GUARANTORS 

  
 Annex 1 to 

Guarantee Agreement 
 ASSUMPTION AGREEMENT, dated as of                     , 20    , made
by                      (the “Additional Guarantor”), in favor of JPMorgan Chase Bank, N.A., as administrative agent (in such
capacity, the “Administrative Agent”) for the banks and other financial institutions or entities (the “Lenders”) parties to the Credit Agreement referred to below. All capitalized terms not defined herein shall have
the meaning ascribed to them in such Credit Agreement. 
 W I T N E S S E
T H : 
 WHEREAS, RRI Energy, Inc. (to be renamed GenOn Energy, Inc. on the Closing Date), a Delaware corporation
(the “Company”), from and after the Closing Date, Mirant Americas, Inc. (to be renamed GenOn Americas, Inc. on the Closing Date), a Delaware corporation (“GAI”; each of GAI and the Company, a
“Borrower” and, together, the “Borrowers”), the Lenders and the Administrative Agent have entered into a Credit Agreement, dated as of September 20, 2010 (as amended, supplemented or otherwise modified from
time to time, the “Credit Agreement”); 
 WHEREAS, in connection with the Credit Agreement, the Borrowers and
certain of their Affiliates (other than the Additional Guarantor) have entered into the Guarantee Agreement, dated as of [—], 2010 (as amended, supplemented or otherwise modified from time to time,
the “Guarantee Agreement”) in favor of the Administrative Agent; 
 WHEREAS, the Credit Agreement requires the
Additional Guarantor to become a party to the Guarantee Agreement; and 
 WHEREAS, the Additional Guarantor has agreed to
execute and deliver this Assumption Agreement in order to become a party to the Guarantee Agreement; 
 NOW, THEREFORE, IT IS
AGREED: 
 1. Guarantee Agreement. By executing and delivering this Assumption Agreement, the Additional Guarantor as
provided in Section 3.14 of the Guarantee Agreement, hereby becomes a party to the Guarantee Agreement as a Guarantor thereunder with the same force and effect as if originally named therein as a Guarantor and, without limiting the generality
of the foregoing, hereby expressly assumes all obligations and liabilities of a Guarantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedule 1 of the Guarantee Agreement. 

2. GOVERNING LAW. THIS ASSUMPTION AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS ASSUMPTION
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

  
 IN WITNESS WHEREOF,
the undersigned has caused this Assumption Agreement to be duly executed and delivered as of the date first above written. 
  

			
	[ADDITIONAL GUARANTOR]
		
	By:	 	 
		 	Name:
		 	Title:

  
 2 

  
 Annex 1-A to 

Assumption Agreement 
 Supplement to Schedule 1 

  
 EXHIBIT B 

FORM OF 
 SECURITY
AGREEMENT 

  
  

 
  
 SECURITY AGREEMENT 
 made by 

GENON ENERGY, INC. (FORMERLY KNOWN AS RRI ENERGY, INC.), 
 GENON AMERICAS, INC. (FORMERLY KNOWN AS MIRANT AMERICAS, INC.), 
 and certain of
their Subsidiaries 
 in favor of 
 U.S. BANK NATIONAL ASSOCIATION, 
 as Collateral Trustee 

Dated as of [—], 2010 

 
  
  

 

  
 TABLE OF CONTENTS

  

							
	 	 	 	  	Page	 
	SECTION 1.	 	 DEFINED TERMS
	  	 	2	  
	 1.1
	 	 Definitions
	  	 	2	  
	 1.2
	 	 Other Definitional Provisions
	  	 	5	  
			
	SECTION 2.	 	 GRANT OF SECURITY INTEREST
	  	 	5	  
			
	SECTION 3.	 	 REPRESENTATIONS AND WARRANTIES
	  	 	6	  
	 3.1
	 	 No Other Liens
	  	 	6	  
	 3.2
	 	 Jurisdiction of Organization; Chief Executive Office
	  	 	6	  
	 3.3
	 	 Farm Products
	  	 	6	  
	 3.4
	 	 Investment Property
	  	 	6	  
	 3.5
	 	 Intellectual Property
	  	 	6	  
			
	SECTION 4.	 	 COVENANTS
	  	 	7	  
	 4.1
	 	 Maintenance of Perfected Security Interest; Further Documentation.
	  	 	7	  
	 4.2
	 	 Changes in Name, etc
	  	 	7	  
	 4.3
	 	 Investment Property
	  	 	7	  
	 4.4
	 	 Intellectual Property
	  	 	8	  
			
	SECTION 5.	 	 REMEDIAL PROVISIONS
	  	 	8	  
	 5.1
	 	 Certain Matters Relating to Receivables
	  	 	8	  
	 5.2
	 	 Communications with Obligors; Grantors Remain Liable
	  	 	9	  
	 5.3
	 	 Pledged Stock
	  	 	9	  
	 5.4
	 	 Proceeds to be Turned Over To Collateral Trustee
	  	 	10	  
	 5.5
	 	 Application of Proceeds
	  	 	10	  
	 5.6
	 	 Code and Other Remedies
	  	 	10	  
	 5.7
	 	 Registration Rights
	  	 	11	  
	 5.8
	 	 Deficiency
	  	 	12	  
			
	SECTION 6.	 	 THE COLLATERAL TRUSTEE
	  	 	12	  
	 6.1
	 	 Collateral Trustee’s Appointment as Attorney-in-Fact, etc
	  	 	12	  
	 6.2
	 	 Duty of Collateral Trustee
	  	 	13	  
	 6.3
	 	 Execution of Financing Statements
	  	 	14	  
	 6.4
	 	 Authority of Collateral Trustee
	  	 	14	  
			
	SECTION 7.	 	 MISCELLANEOUS
	  	 	14	  
	 7.1
	 	 Amendments in Writing
	  	 	14	  
	 7.2
	 	 Notices
	  	 	14	  
	 7.3
	 	 No Waiver by Course of Conduct; Cumulative Remedies
	  	 	14	  
	 7.4
	 	 Successors and Assigns
	  	 	14	  
	 7.5
	 	 Set-Off
	  	 	15	  
	 7.6
	 	 Counterparts
	  	 	15	  
	 7.7
	 	 Severability
	  	 	15	  
	 7.8
	 	 Section Headings
	  	 	15	  
	 7.9
	 	 Integration
	  	 	15	  
	 7.10
	 	 GOVERNING LAW
	  	 	15	  
	 7.11
	 	 Submission To Jurisdiction; Waivers
	  	 	15	  
	 7.12
	 	 Acknowledgements
	  	 	16	  

  
 i 

							
	 	 	 	  	Page	 
	 7.13
	 	 Additional Grantors
	  	 	16	  
	 7.14
	 	 Releases
	  	 	16	  
	 7.15
	 	 WAIVER OF JURY TRIAL
	  	 	16	  
	 7.16
	 	 COLLATERAL TRUST AGREEMENT
	  	 	16	  
			
	SCHEDULES	 		  			
	Schedule 1	 	 Investment Property
	  			
	Schedule 2	 	 Jurisdictions of Organization and Chief Executive Offices
	  			
	Schedule 3	 	 Intellectual Property
	  			
	Schedule 4	 	 Notice Addresses
	  			
	Schedule 5	 	 Certain Excluded Assets
	  			
			
	ANNEXES	 		  			
	Annex 1	 	 Assumption Agreement
	  			

  
 ii 

  
 SECURITY AGREEMENT

 SECURITY AGREEMENT, dated as of [—], 2010, made by GenOn Energy, Inc.
(formerly known as RRI Energy, Inc.), a Delaware corporation (the “Company”), GenOn Americas, Inc. (formerly known as Mirant Americas, Inc.), a Delaware corporation (“GAI”; each of GAI and the Company, a
“Borrower” and, together, the “Borrowers”), the other Subsidiaries of the Company signatories hereto (together with any other entity that may become a Grantor as provided herein, the “Grantors”), in favor
of U.S. Bank National Association, as collateral trustee (in such capacity, the “Collateral Trustee”) for the Secured Parties (as defined below), including the banks and other financial institutions or entities (the
“Lenders”) from time to time parties to the Credit Agreement, dated as of September 20, 2010 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Borrowers, JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”), the Lenders, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc., as
co-syndication agents, and Goldman Sachs Credit Partners L.P. and Morgan Stanley Senior Funding, Inc., as co-documentation agents. 
 W I T N E S S E T H: 
 WHEREAS, pursuant to the Agreement and Plan of Merger, dated as of April 11, 2010 (the “Merger Agreement”), by and among RRI Energy, Inc. (“RRI”), a Delaware
corporation, RRI Energy Holdings, Inc. (“Merger Sub”), a Delaware corporation and wholly owned subsidiary of RRI, and Mirant Corporation (“Mirant”), a Delaware corporation, Merger Sub will merge with and into Mirant
(the “Merger”) concurrently with the initial funding of Loans under the Credit Agreement (as defined below), with Mirant surviving the Merger as a wholly-owned subsidiary of RRI; 

WHEREAS, in connection with the Merger, RRI will change its name to GenOn Energy, Inc. and certain existing Debt of Mirant North America,
LLC, a Delaware limited liability company, and RRI, as described in Section 5.22 of the Merger Agreement, will be refinanced and related fees and expenses will be paid (the Merger, together with the refinancing and payment of related fees and
expenses in connection therewith, the “Transaction”); 
 WHEREAS, in connection with the Transaction, the
Borrowers, the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), the Administrative Agent and the other agents and entities party thereto, have entered into the Credit
Agreement, which provides, among other things, for the borrowing of Loans (as defined in the Credit Agreement) and the issuance of Letters of Credit (as defined in the Credit Agreement), in each case for uses as contemplated by the Credit Agreement;

 WHEREAS, the Borrowers and the other Grantors may from time to enter into Secured Hedging Agreements and Secured Commodity
Hedging Agreements to the extent permitted (if addressed therein, or, otherwise, not prohibited) under the Credit Agreement and the other applicable Financing Documents, in each case which may be secured by the First Lien on all or a portion of the
Collateral pursuant to the terms of the Security Documents; 
 WHEREAS, the Borrowers and the other Grantors may from time to
time after the date hereof enter into agreements evidencing Debt or other obligations to the extent permitted (if addressed therein, or, otherwise, not prohibited) under the Credit Agreement and under the other applicable Financing Documents, in
each case which may be secured by the First Lien on all or a portion of the Collateral pursuant to the terms of the Security Documents; 
 WHEREAS, upon consummation of the Merger, the Borrowers will be members of an affiliated group of companies that will include each other Grantor; 

WHEREAS, in addition to the refinancing of Debt described above, the proceeds of the extensions of credit under the Credit Agreement and
the other Financing Documents, if any, will be used in part to enable the 

  

 
Borrowers to make valuable transfers to one or more of the other Grantors in connection with the operation of their respective businesses; 

WHEREAS, the Borrowers and the other Grantors are engaged in related businesses, and each Grantor will derive substantial direct and
indirect benefit from the making of the extensions of credit under the Credit Agreement and the other Financing Documents, if any; and 
 WHEREAS, it is a condition precedent to the obligation of the Lenders to make their respective extensions of credit to the Borrowers under the Credit Agreement that the Grantors shall have executed and
delivered this Agreement to the Collateral Trustee for the ratable benefit of the Secured Parties; 
 NOW, THEREFORE, in
consideration of the premises and to induce the Administrative Agent and the Lenders to enter into the transactions contemplated by the Credit Agreement and to induce the Lenders to make their respective extensions of credit to the Borrowers
thereunder, and to induce the other Secured Parties to become holders of Secured Obligations, each Grantor hereby agrees with the Collateral Trustee, for the ratable benefit of the Secured Parties, as follows: 

SECTION 1. DEFINED TERMS 
 1.1 Definitions . (a) Unless otherwise defined herein, terms defined in the Collateral Trust Agreement (including terms defined therein by reference to the Credit Agreement) and used herein
shall have the meanings given to them therein, and the following terms are used herein as defined in the New York UCC: Accounts, Certificated Security, Chattel Paper, Commercial Tort Claims, Deposit Account, Documents, Equipment, Farm Products,
Fixtures General Intangibles, Instruments, Inventory, Letter-of-Credit Rights and Supporting Obligations. 
 (b) The following
terms shall have the following meanings: 
 “Agreement”: this Security Agreement, as the same may be amended,
supplemented or otherwise modified from time to time. 
 “Business Day”: as defined in the Credit Agreement.

 “Closing Date”: as defined in the Credit Agreement. 

“Collateral”: as defined in Section 2. 
 “Collateral Account”: any collateral account established by the Collateral Trustee as provided in Section 6.1 or 6.4. 

“Contracts”: as defined in Section 5.2. 
 “Copyrights”: (i) all copyrights and works of authorship arising under the laws of the United States, any other country or any political subdivision thereof, whether registered or
unregistered and whether published or unpublished (including, without limitation, those listed in Schedule 3), all registrations and recordings thereof, and all applications in connection therewith, including, without limitation, all
registrations, recordings and applications in the United States Copyright Office, and (ii) the right to obtain all renewals thereof. 
 “Copyright Licenses”: any written agreement naming any Grantor as licensor or licensee (including, without limitation, those listed in Schedule 3), granting any right under any
Copyright, including, without limitation, the grant of rights to manufacture, distribute, exploit and sell materials incorporating any Copyright. 

  
 2 

  
 “Event of
Default”: as defined in the Collateral Trust Agreement. 
 “Excluded Assets”: (a) any lease,
license, contract or agreement to which any Grantor is a party (including any of its rights or interests thereunder) or any asset, permit or property rights of such Grantor of any nature to the extent the grant of such security interest shall
constitute or result in (i) the abandonment, invalidation or unenforceability of any right, title or interest of such Grantor under such lease, license, contract, agreement, asset, permit or property right or result in such Grantor’s loss
of use of such asset or property right or (ii) a breach or termination pursuant to the terms of such lease, license, contract, permit or agreement, or a default under, any such lease, license, contract, agreement, permit or property right
(other than to the extent that any such term would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the New York UCC (or any successor provision or provisions) or any other Applicable Law (including the bankruptcy code)
or principles of equity); 
 (b) any lease, license, contract, or agreement to which any Grantor is a party (including any of
its rights or interests thereunder) or any asset, permit or property right of any nature to the extent that any Applicable Law prohibits the creation of a security interest thereon (other than to the extent that any such term would be rendered
ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the New York UCC (or any successor provision or provisions) or any other Applicable Law or principles of equity); 

(c) any application for Trademarks and service marks filed in the United States Patent and Trademark Office pursuant to 15 U.S.C. §
1051 Section 1(b), only to the extent that the grant of a security interest therein would result in the abandonment, invalidation or unenforceability of such application or rights hereunder and only until evidence of the use of such Trademark
or service mark in commerce, as defined in 15 U.S.C. Section 1127, is submitted to the United States Patent and Trademark Office pursuant to 15 U.S.C. § 1051 Section 1(c) or 1(d), following which filing all such applications shall
automatically become Collateral; 
 (d) any Capital Stock (as defined in the Credit Agreement) of any Unrestricted Subsidiary;

 (e) any Capital Stock of any Restricted Subsidiary (as defined in the Credit Agreement) that is not a Guarantor (as defined
in the Credit Agreement) to the extent a pledge of such Capital Stock is prohibited under the applicable financing or lease documents of such Person or its subsidiaries that are in effect on the Closing Date, or under any Project Finance Debt (as
defined in the Credit Agreement); 
 (f) any Foreign Subsidiary Voting Stock of any Foreign Subsidiary in excess of 65% of the
total outstanding Foreign Subsidiary Voting Stock of such Foreign Subsidiary incurred by such Subsidiary; 
 (g) any deposit
account the funds in which are used, in the ordinary course of business, primarily for the payment of salaries and wages, workers’ compensation, payroll taxes, and similar expenses; 

(h) cash and cash equivalents held by any Grantor, or on the instruction of any Grantor, on behalf of third parties, or held by any
Grantor as customer margin accounts, or held as security for any obligation owing to the Company or any of its Subsidiaries or as a deposit, or held by any Person in connection with the Seward Facility, together with any deposit accounts in which
such balances are maintained; and 
 (i) such other interests set forth on Schedule 5. 

“Foreign Subsidiary”: any Subsidiary organized under the laws of any jurisdiction outside the United States of America.

 “Foreign Subsidiary Voting Stock”: the voting Capital Stock of any Foreign Subsidiary. 

“Governmental Authority”: as defined in the Credit Agreement. 

“Intellectual Property”: the collective reference to all rights, priorities and privileges relating to intellectual
property, whether arising under United States, multinational or foreign laws or otherwise, including, 

  
 3 

 
without limitation, the Copyrights, the Copyright Licenses, the Patents, the Patent Licenses, the Trademarks and the Trademark Licenses, and all rights to sue at law or in equity for any
infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Intercompany Note”: any promissory note evidencing loans made by any Grantor to the Company or any of its Subsidiaries.

 “Investment Property”: the collective reference to (i) all “investment property” as such term
is defined in Section 9-102(a)(49) of the New York UCC and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes and all Pledged Stock. 

“Issuers”: the collective reference to each issuer of any Investment Property. 

“Material Adverse Effect”: as defined in the Credit Agreement. 

“New York UCC”: the Uniform Commercial Code as from time to time in effect in the State of New York. 

“Patents”: (i) all letters patent of the United States, any other country or any political subdivision thereof, all
reissues and extensions thereof, including, without limitation, any of the foregoing referred to in Schedule 3, (ii) all applications for letters patent of the United States or any other country and all divisions, continuations and
continuations-in-part thereof, including, without limitation, any of the foregoing referred to in Schedule 3, and including, for each of (i) and (ii), the right to make, use and/or sell the inventions disclosed or claimed therein, and
(iii) all rights to obtain any reissues or extensions of the foregoing. 
 “Patent License”: all written
agreements naming any Grantor as licensor or licensee, including, without limitation, those listed in Schedule 3, of any right to manufacture, use or sell any invention covered in whole or in part by a Patent. 

“Pledged Notes”: all promissory notes issued to or held by any Grantor (other than promissory notes issued in connection
with extensions of trade credit by any Grantor in the ordinary course of business). 
 “Pledged Stock”: the
shares of Capital Stock listed on Schedule 1, together with any other shares, stock certificates, options, interests or rights of any nature whatsoever in respect of the Capital Stock of any Person that may be issued or granted to, or held
by, any Grantor while this Agreement is in effect. 
 “Proceeds”: all “proceeds” as such term is
defined in Section 9-102(a)(64) of the New York UCC and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

 “Receivable”: any right to payment for goods sold or leased or for services rendered, whether or not such
right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account). 
 “Requirement of Law”: as defined in the Credit Agreement. 

“Secured Parties”: the collective reference to the Collateral Trustee, the Lenders, each other Person holding Credit
Agreement Obligations, each Secured Commodity Hedging Counterparty, each Person holding Additional Obligations and any other Person holding Secured Obligations. 
 “Securities Act”: the Securities Act of 1933, as amended. 

“Trademarks”: (i) all trademarks, trade names, corporate names, company names, business names, fictitious business
names, trade styles, service marks, domain names, trade dress, logos and other source or 

  
 4 

 
business identifiers, and all goodwill connected with the use of and symbolized thereby, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all
applications in connection therewith, in the United States, any State thereof or any other country or any political subdivision thereof, or otherwise, and all common-law rights related thereto, including, without limitation those listed in
Schedule 3, and (ii) the right to obtain all renewals thereof. 
 “Trademark License”: any written
agreement naming Grantor as licensor or licensee, including, without limitation, those listed in Schedule 3, granting any right to use any Trademark 
 “Unrestricted Subsidiary”: as defined in the Credit Agreement. 

1.2 Other Definitional Provisions. (a) The words “hereof,” “herein”, “hereto” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section and Schedule references are to this Agreement unless otherwise
specified. The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. 
 (c) Where the context requires, terms relating to the Collateral or any part thereof, when used in relation to a Grantor, shall refer to such Grantor’s Collateral or the relevant part thereof.

 SECTION 2. GRANT OF SECURITY INTEREST 
 Each Grantor hereby grants to the Collateral Trustee, for the ratable benefit of the Secured Parties, a security interest in all of the following property now owned or at any time hereafter acquired by
such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when
due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations: 
 (a) all Accounts; 

(b) all Chattel Paper; 
 (c) all Deposit Accounts; 
 (d) all Documents; 

(e) all Equipment; 
 (f) all Fixtures; 
 (g) all General Intangibles; 

(h) all Instruments; 
 (i) all Intellectual Property; 
 (j) all Inventory; 

(k) all investment property (as defined in the New York UCC); 

  
 5 

  
 (l) all
Letter-of-Credit Rights; 
 (m) all books and records pertaining to the Collateral; and 

(n) to the extent not otherwise included, all Proceeds, Supporting Obligations and products of any and all of the foregoing and all
collateral security and guarantees given by any Person with respect to any of the foregoing; 
 provided, however, that
notwithstanding anything in this Agreement or any other Financing Document to the contrary, this Agreement shall not constitute a grant of a security interest in, and the Collateral shall not include any Excluded Assets. 

SECTION 3. REPRESENTATIONS AND WARRANTIES 
 To induce the Administrative Agent and the Lenders to enter into the transactions contemplated by the Credit Agreement and to induce the Lenders to make their respective extensions of credit to the
Borrowers thereunder, and to induce the other Secured Parties to become holders of Secured Obligations, each Grantor hereby represents and warrants to the Secured Parties that: 

3.1 No Other Liens. As of the date hereof, no financing statement or other public notice with respect to all or any part of the
Collateral is on file or of record in any public office, except such as have been filed in favor of the Collateral Trustee, for the ratable benefit of the Secured Parties, pursuant to this Agreement or as are permitted by the Credit Agreement. For
the avoidance of doubt, it is understood and agreed that any Grantor may, as part of its business, grant licenses to third parties to use Intellectual Property owned or developed by a Grantor. For purposes of this Agreement and the other Loan
Documents, such licensing activity shall not constitute a “Lien” on such Intellectual Property. Each Secured Party understands that any such licenses may be exclusive to the applicable licensees, and such exclusivity provisions may limit
the ability of the Collateral Trustee to utilize, sell, lease or transfer the related Intellectual Property or otherwise realize value from such Intellectual Property pursuant hereto. 

3.2 Jurisdiction of Organization; Chief Executive Office. On the date hereof, such Grantor’s 

jurisdiction of organization, identification number from the jurisdiction of organization (if any), and the location of such Grantor’s chief
executive office or sole place of business or principal residence, as the case may be, are specified on Schedule 2. Such Grantor has furnished to the Administrative Agent a certified charter, certificate of incorporation or other organization
document and good standing certificate as of a date which is recent to the date hereof. 
 3.3 Farm Products. None of the
Collateral constitutes, or is the Proceeds of, Farm Products. 
 3.4 Investment Property. The shares of Pledged Stock
pledged by such Grantor hereunder constitute all the issued and outstanding shares of all classes of the Capital Stock of each Issuer owned by such Grantor or, in the case of Foreign Subsidiary Voting Stock, if less, 65% of the outstanding Foreign
Subsidiary Voting Stock of each relevant Issuer. 
 3.5 Intellectual Property. (a) As of the date hereof, no Grantor
owns any material Patents, Trademarks or Copyrights, except as set forth on Schedule 3. 
 (b) All Intellectual Property
owned by a third party which is material to the operation of the business of such Grantor, all of which are valid, unexpired and enforceable and do not infringe the intellectual property rights of others except, in each case, as could not reasonably
be expected to result in a Material Adverse Effect. Each Grantor owns or has the right to use all Intellectual Property that is material to its business as currently conducted. 

  
 6 

  
 SECTION 4.
COVENANTS 
 Each Grantor covenants and agrees with the Secured Parties that, from and after the date of this Agreement until
all Secured Obligations shall have been paid in full, no Letter of Credit shall be outstanding (other than any Letter of Credit that has been cash collateralized or supported with a back-to-back letter of credit reasonably acceptable to the relevant
Issuing Lender) and the Commitments shall have terminated: 
 4.1 Maintenance of Perfected Security Interest; Further
Documentation. (a) Subject to Section 4.1(d), such Grantor shall maintain the security interests created by this Agreement as a perfected security interest having at least the priority required by the Loan Documents and shall defend such
security interests against the claims and demands of all Persons whomsoever, subject to the rights of such Grantor under the Financing Documents to sell, transfer, lease, license or otherwise dispose of the Collateral. 

(b) Such Grantor will furnish to the Collateral Trustee, the Administrative Agent and the other Secured Parties from time to time
statements and schedules further identifying and describing the assets and property of such Grantor and such other reports in connection therewith as the Collateral Trustee or Administrative Agent may reasonably request, all in reasonable detail.

 (c) Subject to Section 4.1(d), such Grantor shall execute any and all further documents, agreements and instruments, and
take all further action (including filing Uniform Commercial Code and other financing statements, mortgages and deeds of trust and delivering to the Collateral Trustee certificates representing securities pledged under the Security Documents) that
may be required under Applicable Law, or that the Collateral Trustee, Majority Lenders or the Administrative Agent may reasonably request, in order to grant, preserve, protect and perfect the validity and priority of the security interests created
or intended to be created by the Security Documents. 
 (d) Notwithstanding anything to the contrary in this Agreement or any
Financing Document, no Grantor shall be required to take any actions to (i) perfect the security interests in deposit accounts or investment accounts; (ii) perfect any security interest in vehicles; (iii) perfect any security
interests in government contracts; (iv) create or perfect any security interests in commercial tort claims; (v) grant or perfect any security interests under any law other than the laws of the United States, any State thereof or the
District of Columbia; (vi) perfect any security interests in any Collateral (other than Pledged Stock of the Subsidiaries of the Company that is certificated) by possession; or (vii) take any other steps to perfect security interests where
the cost of perfection is not reasonably justified by the practical value of the Collateral. 
 4.2 Changes in Name, etc.
Such Grantor will furnish prompt written notice to the Collateral Trustee and Administrative Agent of any change (i) in its corporate name, (ii) in the jurisdiction of organization or formation or the location of its chief executive office
or sole place of business or principal residence from that referred to in Section 3.2 or (iii) its Federal Taxpayer Identification Number. Such Grantor agrees not to effect or permit any change referred to in the preceding sentence unless
all filings have been, or will simultaneously be, made under the Uniform Commercial Code or otherwise that are required in order for the Collateral Trustee to continue at all times following such change to have a valid, legal and perfected security
interest in all of the Collateral as provided for herein. 
 4.3 Investment Property. (a) If such Grantor shall
become entitled to receive or shall receive any certificate (including, without limitation, any certificate representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued
in connection with any reorganization), option or rights in respect of the Capital Stock of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of the Pledged Stock, or otherwise in respect
thereof, such Grantor shall accept the same as the agent of the Collateral Trustee and the other Secured Parties, hold the same in trust for the Collateral Trustee and the other Secured Parties and deliver the same forthwith to the Collateral
Trustee in the exact form received, duly indorsed by such Grantor to the Collateral Trustee, if required, together with an 

  
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undated stock power covering such certificate duly executed in blank by such Grantor and with, if the Collateral Trustee acting at the direction of the Secured Representative for the Required
Secured Parties so requests, signature guaranteed, to be held by the Collateral Trustee, subject to the terms hereof, as additional collateral security for the Secured Obligations. If an Event of Default shall have occurred and be continuing, any
sums paid upon or in respect of the Investment Property upon the liquidation or dissolution of any Issuer shall be paid over to the Collateral Trustee to be held by it hereunder as additional collateral security for the Secured Obligations, and in
case any distribution of capital shall be made on or in respect of the Investment Property or any property shall be distributed upon or with respect to the Investment Property pursuant to the recapitalization or reclassification of the capital of
any Issuer or pursuant to the reorganization thereof, the property so distributed shall, unless otherwise subject to a perfected security interest in favor of the Collateral Trustee, be delivered to the Collateral Trustee to be held by it hereunder
as additional collateral security for the Secured Obligations. If any sums of money or property so paid or distributed in respect of the Investment Property shall be received by such Grantor, such Grantor shall, until such money or property is paid
or delivered to the Collateral Trustee, hold such money or property in trust for the Collateral Trustee and the Lenders, segregated from other funds of such Grantor, as additional collateral security for the Secured Obligations. 

(b) Without the prior written consent of the Collateral Trustee, such Grantor will not (i) vote to enable, or take any other action
to permit, any Issuer to issue any Capital Stock of any nature or to issue any other securities convertible into or granting the right to purchase or exchange for any Capital Stock of any nature of any Issuer, unless such Capital Stock or other
security is pledged to the Collateral Trustee hereunder or (ii) enter into any agreement or undertaking restricting the right or ability of such Grantor or the Collateral Trustee to sell, assign or transfer any of the Pledged Stock constituting
Capital Stock of a Subsidiary or Intercompany Notes or Proceeds thereof, other than any restrictions (x) imposed pursuant to an agreement entered into for the direct or indirect sale or disposition of the Pledged Stock pending the closing of
such sale or disposition or (y) contained in agreements that are not more restrictive, taken as a whole, than those applicable to the Borrowers in the Credit Agreement. 
 (c) In the case of each Grantor which is an Issuer, such Issuer agrees that (i) it will be bound by the terms of this Agreement relating to the Investment Property issued by it and will comply with
such terms insofar as such terms are applicable to it and (ii) the terms of Sections 5.3(c) and 5.7 shall apply to it, mutatis mutandis, with respect to all actions that may be required of it pursuant to Section 5.3(c) or 5.7
with respect to the Investment Property issued by it. 
 4.4 Intellectual Property. (a) Such Grantor shall,
consistent with its reasonable business judgment, take commercially reasonable actions to maintain the validity of all material Intellectual Property owned or exclusively licensed by it, except to the extent the failure to take any such action would
not reasonably be expected to have a Material Adverse Effect. 
 (b) If any Grantor, either by itself or through any agent,
employee, licensee or designee, shall file an application for the registration of any material Intellectual Property with the United States Patent and Trademark Office, or the United States Copyright Office, or any similar office or agency in any
other country or political subdivision thereof, such Grantor shall report any such filing made in any fiscal year to the Collateral Trustee and Administrative Agent concurrently with the delivery of financial statements pursuant to
Section 6.2(a) of the Credit Agreement covering such fiscal year. Upon request of the Collateral Trustee or the Administrative Agent, such Grantor shall execute and deliver, and have recorded, any and all agreements, instruments, documents, and
papers as the Collateral Trustee or the Administrative Agent may reasonably request to evidence the Collateral Trustee’s security interest in any Copyright, Patent or Trademark and the goodwill and general intangibles of such Grantor relating
thereto or represented thereby. 
 SECTION 5. REMEDIAL PROVISIONS 

5.1 Certain Matters Relating to Receivables. (a) If an Event of Default shall have occurred and be continuing, the Collateral
Trustee, acting at the direction of the Secured Representative for the Required Secured 

  
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Parties, shall have the right to make test verifications of the Receivables in any manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such
assistance and information as the Collateral Trustee, acting at the direction of the Secured Representative for the Required Secured Parties, may require in connection with such test verifications. 

(b) Unless an Event of Default shall have occurred and be continuing and the Collateral Trustee, acting at the direction of the Secured
Representative for the Required Secured Parties, shall have given notice to the relevant Grantor of the Collateral Trustee’s intent to exercise its corresponding rights pursuant to next sentence, each Grantor may collect such Grantor’s
Receivables. If notified by the Collateral Trustee, acting at the direction of the Secured Representative for the Required Secured Parties, at any time after the occurrence and during the continuance of an Event of Default, any payments of
Receivables, when collected by any Grantor, (i) shall be forthwith (and, in any event, within two Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Collateral Trustee if required, acting
at the direction of the Secured Representative for the Required Secured Parties, in a Collateral Account maintained under the sole dominion and control of the Collateral Trustee, subject to withdrawal by the Collateral Trustee for the account of the
Secured Parties as provided in Section 5.5, and (ii) until so turned over, shall be held by such Grantor in trust for the Collateral Trustee and the other Secured Parties, segregated from other funds of such Grantor. Each such deposit of
Proceeds of Receivables shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit. 
 5.2 Communications with Obligors; Grantors Remain Liable. (a) The Collateral Trustee in its own name or in the name of others may at any time after the occurrence and during the continuance of
an Event of Default communicate with obligors under the Receivables and with parties to any material contract or agreement to which any Grantor is a party (the “Contracts”) to verify with them to the Collateral Trustee’s
satisfaction the existence, amount and terms of any Receivables or Contracts. 
 (b) Upon the request of the Collateral Trustee,
acting at the direction of the Secured Representative for the Required Secured Parties, at any time after the occurrence and during the continuance of an Event of Default, each Grantor shall notify obligors on the Receivables and parties to the
Contracts that the Receivables and the Contracts have been assigned to the Collateral Trustee for the ratable benefit of the Secured Parties and that payments in respect thereof shall be made directly to the Collateral Trustee. 

(c) Anything herein to the contrary notwithstanding, each Grantor shall remain liable under each of the Receivables and Contracts to
observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise thereto. Neither the Collateral Trustee nor any other Secured Party shall have any
obligation or liability under any Receivable (or any agreement giving rise thereto) or Contract by reason of or arising out of this Agreement or the receipt by the Collateral Trustee or any other Secured Party of any payment relating thereto, nor
shall the Collateral Trustee or any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Receivable (or any agreement giving rise thereto) or Contract, to make any payment, to make
any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party thereunder, to present or file any claim, to take any action to enforce any performance or to collect the payment
of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 
 5.3 Pledged
Stock. (a) Unless an Event of Default shall have occurred and be continuing and the Collateral Trustee, acting at the direction of the Secured Representative for the Required Secured Parties, shall have given notice to the relevant Grantor
of the Collateral Trustee’s intent to exercise its corresponding rights pursuant to Section 5.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged Stock and all payments made in respect of the
Pledged Notes, to the extent not otherwise prohibited under the Credit Agreement, and to exercise all voting and corporate or other organizational rights with respect to the Investment Property; provided, however, that no vote shall be
cast or corporate or other organizational right exercised or 

  
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other action taken which would result in any violation of any provision of the Credit Agreement, this Agreement or any other Security Document. 

(b) If an Event of Default shall occur and be continuing and the Collateral Trustee, acting at the direction of the Secured
Representative for the Required Secured Parties, shall give notice of its intent to exercise any of such rights to the relevant Grantor or Grantors, (i) the Collateral Trustee shall have the right to receive any and all cash dividends, payments
or other Proceeds paid in respect of the Investment Property and make application thereof to the Secured Obligations in accordance with Section 5.5 hereof, and (ii) any or all of the Investment Property shall be registered in the name of
the Collateral Trustee or its nominee, and the Collateral Trustee or its nominee, acting at the direction of the Secured Representative for the Required Secured Parties, may thereafter exercise (x) all voting, corporate and other rights
pertaining to such Investment Property at any meeting of shareholders of the relevant Issuer or Issuers or otherwise and (y) any and all rights of conversion, exchange and subscription and any other rights, privileges or options pertaining to
such Investment Property as if it were the absolute owner thereof (including, without limitation, the right to exchange at its discretion any and all of the Investment Property upon the merger, consolidation, reorganization, recapitalization or
other fundamental change in the corporate or other organizational structure of any Issuer, or upon the exercise by any Grantor or the Collateral Trustee of any right, privilege or option pertaining to such Investment Property, and in connection
therewith, the right to deposit and deliver any and all of the Investment Property with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the Collateral Trustee, acting at the direction
of the Secured Representative for the Required Secured Parties, may determine), all without liability except to account for property actually received by it, but the Collateral Trustee shall have no duty to any Grantor to exercise any such right,
privilege or option and shall not be responsible for any failure to do so or delay in so doing. 
 (c) Each Grantor hereby
authorizes and instructs each Issuer of any Investment Property pledged by such Grantor hereunder to (i) comply with any instruction received by it from the Collateral Trustee, acting at the direction of the Secured Representative for the
Required Secured Parties, in writing that (x) states that an Event of Default has occurred and is continuing and (y) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Grantor,
and each Grantor agrees that each Issuer shall be fully protected in so complying, and (ii) unless otherwise expressly permitted hereby, pay any dividends or other payments with respect to the Investment Property directly to the Collateral
Trustee. 
 5.4 Proceeds to be Turned Over To Collateral Trustee. In addition to the rights of the Collateral Trustee and
the Secured Parties specified in Section 5.1 with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash and checks shall be held by such Grantor in
trust for the Collateral Trustee and the other Secured Parties, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned over to the Collateral Trustee in the exact form received by such Grantor (duly
indorsed by such Grantor to the Collateral Trustee, if required). All Proceeds received by the Collateral Trustee hereunder shall be held by the Collateral Trustee in a Collateral Account maintained under its sole dominion and control. All Proceeds
while held by the Collateral Trustee in a Collateral Account (or by such Grantor in trust for the Collateral Trustee and the other Secured Parties) shall continue to be held as collateral security for all the Secured Obligations and shall not
constitute payment thereof until applied as provided in Section 5.5. 
 5.5 Application of Proceeds. The Collateral
Trustee shall apply all or any part of Proceeds constituting Collateral, whether or not held in any Collateral Account, to payment of the Secured Obligations in the order at the times and in the manner provided in the Collateral Trust Agreement.

 5.6 Code and Other Remedies. If an Event of Default shall occur and be continuing, the Collateral Trustee, on behalf
of the Secured Parties, may exercise, acting at the direction of the Secured Representative for the Required Secured Parties, in addition to all other rights and remedies granted to them in this Agreement and in any other instrument or agreement
securing, evidencing or relating to the Secured Obligations, all rights and 

  
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remedies of a secured party under the New York UCC or any other Applicable Law. Without limiting the generality of the foregoing, the Collateral Trustee, without demand of performance or other
demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon any Grantor or any other Person (all and each of which demands, defenses, advertisements and notices are hereby
waived), may in such circumstances, acting at the direction of the Secured Representative for the Required Secured Parties, forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell,
lease, assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales, at any exchange,
broker’s board or office of the Collateral Trustee or any other Secured Party or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or for future delivery without
assumption of any credit risk. The Collateral Trustee or any other Secured Party shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of
the Collateral so sold, free of any right or equity of redemption in any Grantor, which right or equity is hereby waived and released. Each Grantor further agrees, at the Collateral Trustee’s request, acting at the direction of the Secured
Representative for the Required Secured Parties, to assemble the Collateral and make it available to the Collateral Trustee at places which the Collateral Trustee shall reasonably select, whether at such Grantor’s premises or elsewhere. The
Collateral Trustee shall apply the net proceeds of any action taken by it pursuant to this Section 5.6, after deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of
any of the Collateral or in any way relating to the Collateral or the rights of the Collateral Trustee and the other Secured Parties hereunder, including, without limitation, reasonable attorneys’ fees and disbursements, to the payment in whole
or in part of the Secured Obligations, in such order as is provided in Section 5.5, and only after such application and after the payment by the Collateral Trustee of any other amount required by any provision of law, including, without
limitation, Section 9-615(a)(3) of the New York UCC, need the Collateral Trustee account for the surplus, if any, to any Grantor. To the extent permitted by Applicable Law, each Grantor waives all claims, damages and demands it may acquire
against the Collateral Trustee or any other Secured Party arising out of the exercise by them of any rights hereunder. If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed
reasonable and proper if given at least 10 days before such sale or other disposition. 
 5.7 Registration Rights.
(a) If the Collateral Trustee shall determine, acting at the direction of the Secured Representative for the Required Secured Parties, to exercise its right to sell any or all of the Pledged Stock pursuant to Section 5.6, and if in the
reasonable opinion of the Collateral Trustee it is necessary or advisable to have the Pledged Stock, or that portion thereof to be sold, registered under the provisions of the Securities Act, the relevant Grantor will cause the Issuer thereof to
(i) execute and deliver, and cause the directors and officers of such Issuer to execute and deliver, all such instruments and documents, and do or cause to be done all such other acts as may be, in the reasonable opinion of the Collateral
Trustee, necessary or advisable to register the Pledged Stock, or that portion thereof to be sold, under the provisions of the Securities Act, (ii) use its best efforts to cause the registration statement relating thereto to become effective
and to remain effective for a period of one year from the date of the first public offering of the Pledged Stock, or that portion thereof to be sold, and (iii) make all amendments thereto and/or to the related prospectus which, in the
reasonable opinion of the Secured Representative for the Required Secured Parties, are necessary or advisable, all in conformity with the requirements of the Securities Act and the rules and regulations of the Securities and Exchange Commission
applicable thereto. Each Grantor agrees to cause such Issuer that is a Subsidiary of the Company to comply with the provisions of the securities or “Blue Sky” laws of any and all jurisdictions which the Collateral Trustee, acting at the
direction of the Secured Representative for the Required Secured Parties, shall designate and to make available to its security holders, as soon as practicable, an earnings statement (which need not be audited) which will satisfy the provisions of
Section 11(a) of the Securities Act. 
 (b) Each Grantor recognizes that the Collateral Trustee may be unable to effect a
public sale of any or all the Pledged Stock, by reason of certain prohibitions contained in the Securities Act and applicable state securities 

  
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laws or otherwise, and may be compelled to resort to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree, among other things, to acquire such
securities for their own account for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees that any such private sale may result in prices and other terms less favorable than if such sale were a
public sale and, notwithstanding such circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner. The Collateral Trustee shall be under no obligation to delay a sale of any of the Pledged
Stock for the period of time necessary to permit the Issuer thereof to register such securities for public sale under the Securities Act, or under applicable state securities laws, even if such Issuer would agree to do so. 

(c) Each Grantor agrees to use its best efforts to do or cause to be done all such other acts as may be necessary to make such sale or
sales of all or any portion of the Pledged Stock pursuant to this Section 5.7 valid and binding and in compliance with any and all other applicable Requirements of Law. Each Grantor further agrees that a breach of any of the covenants contained
in this Section 5.7 will cause irreparable injury to the Collateral Trustee and the other Secured Parties, that the Collateral Trustee and the other Secured Parties have no adequate remedy at law in respect of such breach and, as a consequence,
that each and every covenant contained in this Section 5.7 shall be specifically enforceable against such Grantor, and such Grantor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants
except for a defense that no Event of Default has occurred and is continuing under the Credit Agreement. 
 5.8
Deficiency. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Secured Obligations and the fees and disbursements of any attorneys employed by the
Collateral Trustee or any other Secured Party to collect such deficiency. 
 SECTION 6. THE COLLATERAL TRUSTEE 

6.1 Collateral Trustee’s Appointment as Attorney-in-Fact, etc. (a) Each Grantor hereby irrevocably constitutes and
appoints the Collateral Trustee and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such
Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of
this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Collateral Trustee the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of the following:

 (i) in the name of such Grantor or its own name, or otherwise, take possession of and endorse and collect any
checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Receivable or Contract or with respect to any other Collateral and file any claim or take any other action or proceeding in any court of law or equity or
otherwise deemed appropriate by the Collateral Trustee for the purpose of collecting any and all such moneys due under any Receivable or Contract or with respect to any other Collateral whenever payable; 

(ii) in the case of any Intellectual Property, execute and deliver, and have recorded, any and all agreements,
instruments, documents and papers as the Collateral Trustee or the Administrative Agent may request to evidence the Collateral Trustee’s security interest in such Intellectual Property and the goodwill and general intangibles of such Grantor
relating thereto or represented thereby; 
 (iii) pay or discharge taxes and Liens levied or placed on or
threatened against the Collateral, effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs thereof; 

  
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 (iv)
execute, in connection with any sale provided for in Section 5.6 or 5.7, any indorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral; and 

(v)(1) direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due
or to become due thereunder directly to the Collateral Trustee or as the Collateral Trustee shall direct; (2) ask or demand for, collect, and receive payment of and receipt for, any and all moneys, claims and other amounts due or to become due
at any time in respect of or arising out of any Collateral; (3) sign and indorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, notices and other
documents in connection with any of the Collateral; (4) commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral or any portion thereof and to enforce any
other right in respect of any Collateral; (5) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral; (6) settle, compromise or adjust any such suit, action or proceeding and, in connection
therewith, give such discharges or releases as the Collateral Trustee may deem appropriate; (7) assign any Copyright, Patent or Trademark (along with the goodwill of the business to which any such Copyright, Patent or Trademark pertains),
throughout the world for such term or terms, on such conditions, and in such manner, as the Collateral Trustee shall in its sole discretion determine; and (8) generally, sell, transfer, pledge and make any agreement with respect to or otherwise
deal with any of the Collateral as fully and completely as though the Collateral Trustee were the absolute owner thereof for all purposes, and do, at the Collateral Trustee’s option and such Grantor’s expense, at any time, or from time to
time, all acts and things which the Collateral Trustee deems necessary to protect, preserve or realize upon the Collateral and the Collateral Trustee’s security interests, for the benefit of the Secured Parties, therein and to effect the intent
of this Agreement, all as fully and effectively as such Grantor might do. 
 Anything in this Section 6.1(a) to the
contrary notwithstanding, the Collateral Trustee agrees that it will not exercise any rights under this Section 6.1(a) unless an Event of Default shall have occurred and be continuing. 

(b) If any Grantor fails to perform or comply with any of its agreements contained herein, the Collateral Trustee, at its option, but
without any obligation so to do, may, acting at the direction of the Secured Representative for the Required Secured Parties, perform or comply, or otherwise cause performance or compliance, with such agreement. 

(c) The expenses of the Collateral Trustee incurred in connection with actions undertaken as provided in this Section 6.1, together
with interest thereon at a rate per annum equal to the highest rate per annum at which interest would then be payable on any category of past due ABR Loans under and as defined in the Credit Agreement, from the date of payment by the Collateral
Trustee to the date reimbursed by the relevant Grantor, shall be payable by such Grantor to the Collateral Trustee on demand. 

(d) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers,
authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until all Secured Obligations shall have been paid in full, no Letter of Credit shall be outstanding (other than any Letter of Credit that has
been cash collateralized or supported with a back-to-back letter of credit reasonably acceptable to the relevant Issuing Lender), the Commitments shall have terminated and the security interests created hereby are released. 

6.2 Duty of Collateral Trustee. The Collateral Trustee’s sole duty with respect to the custody, safekeeping and physical
preservation of the Collateral in its possession, under Section 9-207 of the New York UCC or otherwise, shall be to deal with it in the same manner as the Collateral Trustee deals with similar property for its own account. Neither the
Collateral Trustee, any other Secured Party nor any of their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any
obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or any other Person or to take any other action whatsoever with regard to the 

  
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Collateral or any part thereof. The powers conferred on the Collateral Trustee and the Secured Parties hereunder are solely to protect the Collateral Trustee’s interests in the Collateral,
for the benefit of the Secured Parties, and shall not impose any duty upon the Collateral Trustee or any other Secured Party to exercise any such powers. The Collateral Trustee and the other Secured Parties shall be accountable only for amounts that
they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross
negligence or willful misconduct. 
 6.3 Execution of Financing Statements. Pursuant to any Applicable Law, each Grantor
authorizes the Collateral Trustee and the Administrative Agent, on behalf of the Collateral Trustee, to file or record financing statements and other filing or recording documents or instruments with respect to the Collateral without the signature
of such Grantor in such form and in such offices as the Collateral Agent or the Administrative Agent, as the case may be, reasonably determines appropriate to perfect the security interests of the Collateral Trustee under this Agreement. Each
Grantor authorizes the Collateral Trustee and the Administrative Agent to use the collateral description “all personal property whether now owned or hereafter acquired or arising” or words of similar import or meaning in any such financing
statements. Each Grantor hereby ratifies and authorizes the filing by the Collateral Trustee and the Administrative Agent of any financing statement with respect to the Collateral made prior to the date hereof. 

6.4 Authority of Collateral Trustee. Each Grantor acknowledges that the rights and responsibilities of the Collateral Trustee
under this Agreement with respect to any action taken by the Collateral Trustee or the exercise or non-exercise by the Collateral Trustee of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or
arising out of this Agreement shall, as between the Collateral Trustee and the other Secured Parties, be governed by the Collateral Trust Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as
between the Collateral Trustee and the Grantors, the Collateral Trustee shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any
obligation, or entitlement, to make any inquiry respecting such authority. 
 SECTION 7. MISCELLANEOUS 

7.1 Amendments in Writing. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise
modified except in accordance with Section 9.3 of the Collateral Trust Agreement. 
 7.2 Notices. All notices,
requests and demands to or upon the Collateral Trustee or any Grantor hereunder shall be effected in the manner provided for in Section 9.8 of the Collateral Trust Agreement; provided that any such notice, request or demand to or upon
any Grantor shall be addressed to such Grantor at its notice address set forth on Schedule 4. 
 7.3 No Waiver by
Course of Conduct; Cumulative Remedies. Neither the Collateral Trustee nor any other Secured Party shall by any act (except by a written instrument pursuant to Section 7.1), delay, indulgence, omission or otherwise be deemed to have waived
any right or remedy hereunder or to have acquiesced in any Default or Event of Default. No failure to exercise, nor any delay in exercising, on the part of the Collateral Trustee or any other Secured Party, any right, power or privilege hereunder
shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Collateral
Trustee or any other Secured Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which the Collateral Trustee or such Secured Party would otherwise have on any future occasion. The rights
and remedies herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law. 
 7.4 Successors and Assigns. This Agreement shall be binding upon the successors and assigns of each Grantor and shall inure to the benefit of the Collateral Trustee and the other Secured Parties
and their successors 

  
 14 

 
and assigns; provided that no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Collateral Trustee.

 7.5 Set-Off. Each Grantor hereby irrevocably authorizes the Collateral Trustee and each other Secured Party at any
time and from time to time, without notice to such Grantor or any other Grantor, any such notice being expressly waived by each Grantor, to set-off and appropriate and apply any and all deposits (general or special, time or demand, provisional or
final), or any part thereof in such amounts as the Collateral Trustee or such other Secured Party may elect, in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or
contingent, matured or unmatured, at any time held or owing by the Collateral Trustee or such other Secured Party, to or for the credit or the account of such Grantor, against and on account of the obligations and liabilities of such Grantor to the
Collateral Trustee or such other Secured Party hereunder and claims of every nature and description of the Collateral Trustee or such other Secured Party against such Grantor, in any currency, whether arising hereunder, under the Credit Agreement,
or any other Financing Document to which any Grantor is a party, as the Collateral Trustee or such other Secured Party may elect, whether or not the Collateral Trustee or any other Secured Party has made any demand for payment and although such
obligations, liabilities and claims may be contingent or unmatured. The Collateral Trustee and each other Secured Party shall notify such Grantor promptly of any such set-off and the application made by the Collateral Trustee or such other Secured
Party of the proceeds thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Collateral Trustee and each other Secured Party under this Section 7.5 are in addition
to other rights and remedies (including, without limitation, other rights of set-off) which the Collateral Trustee or such other Secured Party may have. 
 7.6 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed
to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by email or facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. 

7.7 Severability. Any provision of this Agreement which 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. 
 7.8 Section Headings. The Section headings used in this Agreement are for
convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 
 7.9 Integration. This Agreement and the other Financing Documents represent the agreement of the Grantors, the Collateral Trustee, the Administrative Agent and the other Secured Parties with
respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Collateral Trustee, the Administrative Agent or any other Secured Party relative to subject matter hereof and thereof not
expressly set forth or referred to herein or in the other Financing Documents. 
 7.10 GOVERNING LAW. THIS AGREEMENT
AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

7.11 Submission To Jurisdiction; Waivers. Each Grantor hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Financing Documents to
which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District
of New York, and appellate courts from any thereof; 

  
 15 

  
 (b) consents that any
such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court
and agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or proceeding may be
effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Grantor at its address referred to in Section 7.2 or at such other address of which the Collateral Trustee
shall have been notified pursuant thereto; 
 (d) agrees that nothing herein shall affect the right to effect service of process
in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 
 (e) waives, to the
maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section any special, exemplary, punitive or consequential damages. 

7.12 Acknowledgements. Each Grantor hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Financing Documents to
which it is a party; 
 (b) neither the Collateral Trustee, the Administrative Agent nor any other Secured Party has any
fiduciary relationship with or duty to any Grantor arising out of or in connection with this Agreement or any of the other Financing Documents, and the relationship between the Grantors, on the one hand, and the Collateral Trustee, the
Administrative Agent and the other Secured Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 
 (c) no joint venture is created hereby or by the other Financing Documents or otherwise exists by virtue of the transactions contemplated hereby among the Secured Parties or among the Grantors and the
Secured Parties. 
 7.13 Additional Grantors. Each Subsidiary of the Company that is required to become a party to this
Agreement pursuant to Section 6.7 of the Credit Agreement shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex 1 hereto. 

7.14 Releases. Releases of the Collateral shall be effected in accordance with Section 5.1 of the Collateral Trust Agreement.

 7.15 WAIVER OF JURY TRIAL. EACH GRANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY
LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

7.16 COLLATERAL TRUST AGREEMENT. NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LIEN AND SECURITY INTERESTS
GRANTED PURSUANT TO THIS AGREEMENT AND THE EXERCISE OF ANY RIGHT OR REMEDY HEREUNDER ARE SUBJECT TO THE PROVISIONS OF THE COLLATERAL TRUST AGREEMENT. IN THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF THE COLLATERAL TRUST AGREEMENT AND THIS
AGREEMENT, THE TERMS OF THE COLLATERAL TRUST AGREEMENT SHALL GOVERN AND CONTROL. 

  
 16 

  
 IN WITNESS WHEREOF,
each of the undersigned has caused this Security Agreement to be duly executed and delivered as of the date first above written. 
  

			
	GENON ENERGY, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	GENON AMERICAS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	[SUBSIDIARY GRANTORS]
		
	By:	 	 
		 	Name:
		 	Title:

 Signature Page to the
Securities Agreement 

  
 Accepted and agreed to as of the date
first above written: 
  

			
	 U.S. BANK NATIONAL ASSOCIATION,
 as Collateral Trustee

		
	By:	 	 
	Name:
	Title:

 Signature Page to the
Securities Agreement 

  
 Schedule 1

 PLEDGED STOCK 

Pledged Stock: 
  

							
	 Issuer
	  	 Class of Stock
	  	 Stock Certificate No.
	  	 No. of Shares

  
 Schedule 2

 LOCATION OF JURISDICTION OF ORGANIZATION AND CHIEF EXECUTIVE OFFICE 

 

					
	 Grantor
	  	 Jurisdiction of
Organization
	  	 Location of Chief
Executive
Office

  
 Schedule 3

 COPYRIGHTS AND COPYRIGHT LICENSES 
 PATENTS AND PATENT LICENSES 
 TRADEMARKS AND TRADEMARK LICENSES 

  
 Schedule 4

 NOTICE ADDRESSES OF GRANTORS 

  
 Schedule 5

 CERTAIN EXCLUDED ASSETS 

  
 Annex 1 to 

Security Agreement 
 ASSUMPTION AGREEMENT, dated as of                     , 20    , made by
                    (the “Additional Grantor”), in favor of U.S. Bank National Association, as collateral trustee (in such capacity,
the “Collateral Trustee”) for the banks and other financial institutions or entities (the “Secured Parties”) in connection with the Security Agreement referred to below. All capitalized terms not defined herein
shall have the meaning ascribed to them in such Security Agreement. 
 W I T N E S
S E T H : 
 WHEREAS, the Borrowers and certain of their Affiliates (other than the Additional
Grantor) have entered into the Security Agreement, dated as of [—], 2010 (as amended, supplemented or otherwise modified from time to time, the “Security Agreement”) in favor of the
Collateral Trustee for the ratable benefit of the Secured Parties; 
 WHEREAS, pursuant to the Credit Agreement and/or the other
Financing Documents the Additional Grantor is required to become a party to the Security Agreement; and 
 WHEREAS, the
Additional Grantor has agreed to execute and deliver this Assumption Agreement in order to become a party to the Security Agreement; 
 NOW, THEREFORE, IT IS AGREED: 
 1. Security Agreement. By executing and
delivering this Assumption Agreement, the Additional Grantor, as provided in Section 7.13 of the Security Agreement, hereby becomes a party to the Security Agreement as a Grantor thereunder with the same force and effect as if originally named
therein as a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth
in the Schedules to the Security Agreement. The Additional Grantor hereby represents and warrants that each of the representations and warranties contained in Section 3 of the Security Agreement is true and correct on and as the date hereof
(after giving effect to this Assumption Agreement) as if made on and as of such date. 
 2. GOVERNING LAW. THIS
ASSUMPTION AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
 IN WITNESS WHEREOF,
the undersigned has caused this Assumption Agreement to be duly executed and delivered as of the date first above written. 
  

			
	[ADDITIONAL GRANTOR]
		
	By:	 	 
		 	Name:
		 	Title:

  
 2 

  
 Annex 1-A to 

Assumption Agreement 
 Supplement to Schedule 1 
 Supplement to Schedule 2 

Supplement to Schedule 3 
 Supplement to Schedule 4 

  
 EXHIBIT C 

FORM OF 

COLLATERAL TRUST AGREEMENT 

  

 
  
 COLLATERAL TRUST AGREEMENT 
 Dated as of
[—], 2010 
 among 

GENON ENERGY, INC. (FORMERLY KNOWN AS 
 RRI ENERGY, INC.), 
 GENON AMERICAS, INC. (FORMERLY KNOWN AS MIRANT AMERICAS,
INC.), 
 THE SUBSIDIARY GRANTORS, 
 JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent, 

U.S. BANK NATIONAL ASSOCIATION, 
 as Collateral Trustee, 
 each Secured Commodity Hedging Counterparty 

from time to time party hereto 
 and 
 any other Person that becomes a Secured Party pursuant hereto 

 
  
  

 

  
 TABLE OF CONTENTS

  

					
	 	  	Page	 
	 SECTION 1. Definitions
	  	 	2	  
		
	 1.1 Defined Terms
	  	 	2	  
	 1.2 Credit Agreement Definitions
	  	 	12	  
	 1.3 Other Definitional Provisions
	  	 	12	  
	 1.4 Certifications, Etc
	  	 	13	  
		
	 SECTION 2. Lien Priorities
	  	 	13	  
		
	 2.1 Pari Passu
	  	 	13	  
	 2.2 Prohibition on Contesting Liens
	  	 	13	  
	 2.3 No New Liens
	  	 	13	  
		
	 SECTION 3. Enforcement
	  	 	13	  
		
	 3.1 Enforcement of Liens
	  	 	13	  
		
	 SECTION 4. Payments
	  	 	15	  
		
	 4.1 Application of Proceeds
	  	 	15	  
	 4.2 Limitations on Payment Post Default
	  	 	16	  
	 4.3 Secured Obligation Balances
	  	 	16	  
	 4.4 Application of Other Credit Support
	  	 	17	  
	 4.5 Limitations on Obligations under Secured Commodity Hedging Agreements With Respect to   Specified Hedging
Collateral
	  	 	17	  
		
	 SECTION 5. Other Agreements
	  	 	18	  
		
	 5.1 Releases
	  	 	18	  
	 5.2 Amendments to Financing Documents
	  	 	19	  
	 5.3 Refinancings of Credit Agreement
	  	 	20	  
	 5.4 Notices; Certain Actions
	  	 	20	  
	 5.5 Letters of Credit; Cash Collateral Accounts; Acknowledgment of Security Interest
	  	 	21	  
	 5.6 Additional Obligations
	  	 	22	  
		
	 SECTION 6. Insolvency or Liquidation Proceedings
	  	 	23	  
		
	 6.1 Finance and Sale Issues
	  	 	23	  
	 6.2 Avoidance Issues
	  	 	23	  
	 6.3 Certain Bankruptcy Rights of Secured Commodity Hedging Counterparties
	  	 	24	  
		
	 SECTION 7. Collateral Trustee
	  	 	24	  
		
	 7.1 Appointment
	  	 	24	  
	 7.2 Delegation of Duties
	  	 	24	  
	 7.3 Exculpatory Provisions
	  	 	25	  
	 7.4 Notice of Event of Default
	  	 	26	  
	 7.5 Non-Reliance on Collateral Trustee and Other Secured Parties
	  	 	26	  
	 7.6 Collateral Trustee in Individual Capacity
	  	 	27	  
	 7.7 Successor Collateral Trustees
	  	 	27	  
	 7.8 Security Documents
	  	 	27	  
	 7.9 Indemnification
	  	 	28	  
		
	 SECTION 8. Reliance; Waivers; Etc.
	  	 	29	  
		
	 8.1 Reliance
	  	 	29	  
	 8.2 No Warranties or Liability
	  	 	29	  
	 8.3 Obligations Unconditional
	  	 	29	  

  
 i 

					
	 	  	Page	 
	 SECTION 9. Miscellaneous
	  	 	30	  
		
	 9.1 Conflicts
	  	 	30	  
	 9.2 Effectiveness; Continuing Nature of this Agreement; Severability
	  	 	30	  
	 9.3 Amendments; Waivers
	  	 	30	  
	 9.4 Voting
	  	 	31	  
	 9.5 Information Concerning Financial Condition of the Company and its Subsidiaries
	  	 	31	  
	 9.6 Submission to Jurisdiction
	  	 	32	  
	 9.7 WAIVER OF JURY TRIAL
	  	 	32	  
	 9.8 Notices
	  	 	32	  
	 9.9 Further Assurances
	  	 	33	  
	 9.10 APPLICABLE LAW
	  	 	33	  
	 9.11 Binding on Successors and Assigns
	  	 	33	  
	 9.12 Specific Performance
	  	 	33	  
	 9.13 Headings
	  	 	33	  
	 9.14 Counterparts
	  	 	33	  
	 9.15 Authorization
	  	 	33	  
	 9.16 No Third Party Beneficiaries
	  	 	33	  
	 9.17 Provisions Solely to Define Relative Rights
	  	 	33	  
	 9.18 Additional Grantors
	  	 	33	  
	 9.19 Permitted Secured Commodity Hedging Agreement
	  	 	34	  
	 9.20 No Applicability to Instruments Not Secured by Collateral
	  	 	34	  
		
	 EXHIBITS
	  			
		
	 Exhibit A – Form of Accession Agreement
	  			

  
 ii 

  
 COLLATERAL TRUST
AGREEMENT 
 This COLLATERAL TRUST AGREEMENT, dated as of [—], 2010, is
entered into by and among GenOn Energy, Inc. (formerly known as RRI Energy, Inc.), a Delaware corporation (the “Company”), from and after the Closing Date, GenOn Americas, Inc. (formerly known as Mirant Americas, Inc.), a Delaware
corporation (“GAI”; each of GAI and the Company, a “Borrower” and, together, the “Borrowers”), the Subsidiary Grantors (as defined below), JPMORGAN CHASE BANK, N.A., in its capacity as
administrative agent for the Lenders (as defined below) (in such capacity, and including its successors and assigns from time to time, the “Administrative Agent”), U.S. BANK NATIONAL ASSOCIATION, in its capacity as collateral
trustee for the Secured Parties (in such capacity, and including its successors and assigns from time to time, the “Collateral Trustee”), the Secured Commodity Hedging Counterparties party hereto from time to time, and the other
Persons party hereto from time to time in accordance with the terms hereof. 
 RECITALS 

WHEREAS, pursuant to the Agreement and Plan of Merger, dated as of April 11, 2010 (the “Merger Agreement”), by and
among RRI Energy, Inc. (“RRI”), a Delaware corporation, RRI Energy Holdings, Inc. (“Merger Sub”), a Delaware corporation and wholly owned subsidiary of RRI, and Mirant Corporation (“Mirant”), a
Delaware corporation, Merger Sub will merge with and into Mirant (the “Merger”) concurrently with the initial funding of Loans under the Credit Agreement (as defined below), with Mirant surviving the Merger as a wholly-owned
subsidiary of RRI; 
 WHEREAS, in connection with the Merger, RRI will change its name to GenOn Energy, Inc. and certain
existing indebtedness of Mirant North America, LLC, a Delaware limited liability company, and RRI, as described in Section 5.22 of the Merger Agreement, will be refinanced and related fees and expenses will be paid (the Merger, together with
the refinancing and payment of related fees and expenses in connection therewith, the “Transaction”); 

WHEREAS, in connection with the Transaction, the Borrowers, the several banks and other financial institutions or entities from time to
time parties thereto (the “Lenders”), the Administrative Agent and the other agents and entities party thereto, have entered into a Credit Agreement, dated as of September 17, 2010 (as the same may be amended, restated,
supplemented or otherwise modified, refinanced or replaced from time to time, the “Credit Agreement”), which provides, among other things, for the borrowing of Loans and the issuance of Letters of Credit, in each case for uses as
contemplated by the Credit Agreement; 
 WHEREAS, the Borrowers and the Subsidiary Grantors may from time to enter into Secured
Hedging Agreements and Secured Commodity Hedging Agreements to the extent permitted (if addressed therein, or, otherwise, not prohibited) under the Credit Agreement and the other applicable Financing Documents, in each case which may be secured on a
first priority basis by the First Lien on all or a portion of the Collateral (as defined herein) pursuant to the terms of the Security Documents; 
 WHEREAS, the Borrowers and the Subsidiary Grantors may from time to time after the date hereof enter into additional agreements evidencing indebtedness or other obligations to the extent permitted (if
addressed therein, or, otherwise, not prohibited) under the Credit Agreement and under the other applicable Financing Documents, in each case which may be secured on a first priority basis by the First Lien on all or a portion of the Collateral
pursuant to the terms of the Security Documents; 
 WHEREAS, pursuant to the Guarantee Agreement, dated as of the date hereof
(as the same may be amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the “Guarantee Agreement”), each Subsidiary Grantor party thereto has unconditionally and irrevocably guaranteed,
as primary obligor and not merely as surety, to the Administrative Agent for the ratable benefit of the Guaranteed Parties (as defined in the Guarantee Agreement), the prompt and complete payment and performance when due (whether at the stated
maturity, by acceleration or otherwise) of the Obligations; 

  
 WHEREAS, pursuant to
the Security Agreement, dated as of the date hereof (as the same may be amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the “Security Agreement”), and the other Security Documents,
the Borrowers and each other Grantor party thereto has granted a security interest on a first priority basis in the Collateral to secure the Secured Obligations; 
 WHEREAS, the Credit Agreement provides, among other things, that the Borrowers, the Subsidiary Grantors, the Administrative Agent and the Collateral Trustee shall enter into this Agreement to, among other
things, define the rights, duties, authorities and responsibilities of the Collateral Trustee and the respective rights and remedies among the Secured Parties with respect to the Collateral; and 

WHEREAS, in order to induce the Secured Parties to enter into the transactions contemplated by the Financing Documents, each of the
parties hereto has agreed to the trust, agency, intercreditor and other provisions set forth in this Agreement. 
 DECLARATION
OF TRUST: 
 NOW, THEREFORE, in order to secure the prompt and complete payment and performance when due of the Secured
Obligations (such term and certain other capitalized terms used hereinafter being defined in subsection 1.1) and in consideration of the premises and the mutual agreements set forth herein, the Collateral Trustee does hereby declare that it holds
and will hold as trustee in trust under this Agreement all of its right, title and interest in, to and under the Security Documents and the Collateral granted to the Collateral Trustee thereunder whether now existing or hereafter arising (and the
Grantors do hereby consent thereto). 
 TO HAVE AND TO HOLD the Security Documents and the entire Collateral (the right, title
and interest of the Collateral Trustee in the Security Documents and the Collateral being hereinafter referred to as the “Trust Estate”) unto the Collateral Trustee and its successors in trust under this Agreement and its assigns
forever. 
 IN TRUST NEVERTHELESS, under and subject to the conditions herein set forth and for the benefit of the Secured
Parties, and for the enforcement of the payment of all Secured Obligations, and as security for the performance of and compliance with the covenants and conditions of this Agreement and each Financing Document. 

PROVIDED, HOWEVER, that these presents are upon the condition that if the Grantors, their successors or assigns, shall satisfy the
conditions set forth in subsection 5.1(b), then this Agreement, and the estates and rights hereby assigned, shall cease, determine and be void; otherwise they shall remain and be in full force and effect. 

IT IS HEREBY FURTHER COVENANTED AND DECLARED, that the Trust Estate is to be held and applied by the Collateral Trustee, subject to the
further covenants, conditions and trusts hereinafter set forth. 
 AGREEMENT 

In consideration of the foregoing, the mutual covenants and obligations herein set forth and for other good and valuable consideration,
the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 SECTION 1. Definitions. 
 1.1 Defined Terms. As used in this
Agreement, the following terms shall have the following meanings: 
 “Accession Agreement”: an Accession
Agreement substantially in the form attached hereto as Exhibit A. 

  
 2 

  
 “Additional
Obligations”: any indebtedness or other obligations (other than Credit Agreement Obligations) incurred by either Borrower or any Subsidiary Grantor after the Closing Date and secured by a First Lien on all or a portion of the Collateral, in
each case to the extent permitted (if addressed therein, or, otherwise, not prohibited) under the Credit Agreement and the other applicable Financing Documents; provided that the holder of such indebtedness or other obligations (or the agent,
trustee or representative acting on behalf of the holder of such indebtedness or other obligation) shall either be a party hereto or shall have executed and delivered to the Collateral Trustee an Accession Agreement in accordance with
Section 5.6 pursuant to which such holder (or such agent, trustee or representative acting on behalf of such holder) has become a party to this Agreement and has agreed to be bound by the obligations of a “Secured Party” under the
terms hereof. 
 “Administrative Agent”: as defined in the recitals to this Agreement. 

“Affiliate”: shall mean, with respect to any Person, any other Person directly or indirectly controlling, controlled by,
or under direct or indirect common control with such Person. A Person shall be deemed to control another Person if such Person possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of such other
Person, whether through the ownership of voting securities, by contract or otherwise. The terms “controlling” and “controlled” shall have meanings correlative thereto. 

“Agent”: the Administrative Agent, the Collateral Trustee or any representative, agent or trustee acting on behalf of
the holders of any indebtedness or other obligations under any Financing Document governing Additional Obligations, as the context may require. 
 “Agreement”: this Collateral Trust Agreement. 

“Applicable Laws”: as to any Person, any law (including common law), statute, regulation, ordinance, rule, order,
permit, registration, license, certification, decree, judgment, consent decree, writ, injunction, settlement agreement or governmental requirement enacted, promulgated or imposed or entered into or agreed by any Governmental Authority, in each case
applicable to or binding on such Person or any of its property or assets or to which such Person or any of its property or assets is subject. 
 “Available L/C Amount”: with respect to any Letter of Credit, at any time, the maximum amount (whether or not such maximum amount is then in effect under such Letter of Credit if such
maximum amount increases periodically pursuant to the terms of such Letter of Credit) available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing). 

“Bankruptcy Code”: Title 11 of the United States Code entitled “Bankruptcy”, as now and hereafter in
effect, or any successor statute. 
 “Bankruptcy Law”: the Bankruptcy Code and any similar federal, state or
foreign law for the relief of debtors. 
 “Borrower”: as defined in the preamble to this Agreement. 

“Breakage Costs”: with respect to any Loan, any amount payable with respect to such Loan pursuant to
Section 2.18 of the Credit Agreement and with respect to any advances of indebtedness under any Financing Document governing Additional Obligations, any amount payable with respect to such advances pursuant to the provisions, if any, in
such Financing Documents similar to Section 2.18 of the Credit Agreement. 
 “Capital Stock”: any
and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation),

  
 3 

 
including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other arrangements or rights to acquire any of the foregoing. 

“Cash Collateral”: as defined in Section 6.1. 

“Collateral”: as defined in the Security Agreement. 

“Collateral Trustee”: as defined in the preamble to this Agreement. 

“Commitments”: the commitment of any Secured Party to make Loans or other advances of indebtedness or issue Letters of
Credit under the Financing Documents. 
 “Commodity Hedging Secured Obligations”: with respect to any Secured
Commodity Hedging Agreement and any related guaranty (but without duplication), as of any date of determination, the sum of (a) the outstanding amount (including Ordinary Course Settlement Payments and any Termination Payments) then due and
owing by the Loan Parties to the relevant Secured Commodity Hedging Counterparty under such Secured Commodity Hedging Agreement plus (b) without duplication, any and all other obligations of any Loan Party of any kind thereunder, whether
fixed or contingent, matured or unmatured as of such date of determination. 
 “Commodity Hedging
Counterparty”: any Person (other than any Loan Party) that is a party to a Permitted Commodity Hedging Agreement. 

“Commodity Hedging Covenants”: any covenant or similar term in any Secured Commodity Hedging Agreement that is identical
to, or incorporates, is intended to incorporate or calls for incorporating by reference, a covenant or similar term in the Credit Agreement (but in the case of an identical covenant, only if such identical covenant was in the Credit Agreement on the
Closing Date). 
 “Contractual Obligations”: as to any Person, any provision of any security issued by such
Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 
 “Controlling Secured Representative”: as of any date of determination or application, the Secured Representative of the Required Secured Parties on such date, acting at the direction of
or with the consent of such Required Secured Parties. 
 “Credit Agreement”: as defined in the recitals to this
Agreement, including as Refinanced pursuant to Section 5.3. 
 “Credit Agreement Obligations”: the
unpaid principal of and interest on (including interest accruing after the maturity of the Loans and Reimbursement Obligations and Post-Petition Interest) the Loans and all other obligations (including guarantee obligations and other
“Obligations” as defined in the Credit Agreement) and liabilities of the Borrowers or any other Loan Party to the Administrative Agent or to any Lender (or, in the case of Hedging Agreements, any Specified Hedging Counterparty), whether
direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, the Guarantee Agreement, any other Loan Document, the Letters of
Credit under the Credit Agreement, any Hedging Agreement or any other document made, delivered or given in connection with the Credit Agreement or therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities,
costs, expenses (including all fees, charges and disbursements of counsel to the Administrative Agent or to any Lender that are required to be paid by the Borrowers pursuant to the Credit Agreement) or otherwise. 

“DIP Financing”: as defined in Section 6.1. 

  
 4 

  
 “Discharge of
Credit Agreement Obligations”: except to the extent otherwise expressly provided for in Section 5.3 and Section 6.2: 
 (a) payment in full in cash of (i) the outstanding principal amount of Loans outstanding under the Credit Agreement, (ii) Reimbursement Obligations with respect to amounts drawn under any Letter
of Credit issued under the Credit Agreement, (iii) interest (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans or other Credit Agreement Obligations and
Post-Petition Interest) on all indebtedness outstanding under the Loan Documents and (iv) commitment fees, letter of credit fees, participation fees, maintenance fees and Breakage Costs, due and payable or otherwise accrued under the Loan
Documents; 
 (b) the termination or expiration of all Commitments, if any, to extend credit (including the
issuance of any Letter of Credit) that would constitute Credit Agreement Obligations under the Loan Documents; 

(c) cancellation, termination, cash collateralization of, or provision of a back-to-back Letter of Credit reasonably
acceptable to the relevant Issuing Lender with respect to, all Letters of Credit issued and outstanding under the Loan Documents; and 
 (d) payment in full in cash of all other Credit Agreement Obligations that are then due and payable or otherwise accrued, including, without limitation, all Interest Expense, and full and final payment
and discharge of all other outstanding Credit Agreement Obligations, whether or not then due and payable (other than any inchoate indemnity obligations that expressly survive the termination of the underlying Loan Documents). 

“Discharge of Secured Obligations”: except to the extent otherwise expressly provided for in Section 5.3 and
Section 6.2: 
 (a) payment in full in cash of (i) the outstanding principal amount of Loans or
other indebtedness outstanding under any Financing Document, (ii) Reimbursement Obligations with respect to amounts drawn under any Letter of Credit issued under any Financing Documents, (iii) interest (including, without limitation,
interest accruing at the then applicable rate provided in the applicable Financing Document after the maturity of the Loans or other indebtedness or other relevant Secured Obligations and Post-Petition Interest) on all indebtedness outstanding under
such Financing Documents and (iv) commitment fees, letter of credit fees, participation fees, maintenance fees and Breakage Costs, due and payable or otherwise accrued under the Financing Documents; 

(b) the termination or expiration of all (i) Commitments, if any, to extend credit (including the issuance of any
Letter of Credit) that would constitute Secured Obligations, (ii) Secured Commodity Hedging Agreements and (iii) Secured Hedging Agreements; 
 (c) cancellation, termination cash collateralization of, or provision of a back-to-back Letter of Credit reasonably acceptable to the relevant Issuing Lender with respect to, all Letters of Credit issued
and outstanding under any Financing Documents; and 
 (d) payment in full in cash of all other Secured
Obligations that are then due and payable or otherwise accrued, including, without limitation, all Interest Expenses, outstanding Commodity Hedging Secured Obligations and all obligations outstanding under Secured Hedging Agreements and full and
final payment and discharge of all other outstanding Secured Obligations, whether or not then due and payable (other than any inchoate indemnity obligations that expressly survive the termination of the underlying Financing Documents). 

“Early Termination Event”: with respect to any Secured Commodity Hedging Agreement, the designation or occurrence of an
“Early Termination Date” (as defined in such Secured Commodity Hedging 

  
 5 

 
Agreement) or the occurrence of any event of default (howsoever defined) under any Secured Commodity Hedging Agreement which results in the termination of such Secured Commodity Hedging
Agreement. 
 “Eligible Commodity Hedging Agreement”: shall mean an “Eligible Commodity Hedging
Agreement” as defined in the Credit Agreement as in effect on the Closing Date. 
 “Eligible Hedging Voting
Amount”: as of any date of determination with respect to any Secured Commodity Hedging Agreement: an amount equal to (A) the Permitted Secured Hedging Amount (if any) applicable to such Secured Commodity Hedging Agreement at such time
less (B) the aggregate amount of Other Credit Support Amounts under any Other Credit Support issued or pledged in favor of the applicable Secured Commodity Hedging Counterparty to support the obligations of the Borrowers and/or the
Subsidiary Grantors under such Secured Commodity Hedging Agreement (as adjusted to take into account any Other Credit Support Exception that has occurred with respect to all or a portion thereof). 

“Event of Default”: (x) an “Event of Default” under and as defined in the Credit Agreement or any other
Financing Document or (y) any Early Termination Event under any Secured Commodity Hedging Agreement with respect to which a Borrower or any other Loan Party is the “defaulting party” or “affected party”, as the case may be.

 “Financing Documents”: shall mean, collectively (without duplication), each Loan Document, each Secured
Commodity Hedging Agreement and any other agreement, document or instrument providing for, governing, representing or evidencing any Secured Obligations, including those providing for, governing, representing or evidencing any Additional
Obligations. 
 “First Lien”: a first priority Lien granted pursuant to the Security Documents to the
Collateral Trustee (for the benefit of the Secured Parties) on the Collateral to secure the Secured Obligations. 

“Grantors”: means the “Grantors” as defined in the Security Agreement. 

“Guarantee Agreement”: as defined in the recitals to this Agreement. 

“Insolvency or Liquidation Proceeding”: 

(a) any voluntary or involuntary case or proceeding under any Bankruptcy Law with respect to any Loan Party; 

(b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership,
liquidation, reorganization or other similar case or proceeding with respect to any Loan Party or with respect to a material portion of their respective assets; 

(c) any liquidation, dissolution, reorganization or winding up of any Loan Party whether voluntary or involuntary and
whether or not involving insolvency or bankruptcy; or 
 (d) any assignment for the benefit of creditors or any
other marshalling of assets and liabilities of any Loan Party. 
 “Interest Expense”: for any period, all
interest, commitment fees, letter of credit fees, participation fees, maintenance fees and Breakage Costs in respect of outstanding Secured Obligations accrued, capitalized or payable during such period (whether or not actually paid during such
period). 
 “Issuing Lender”: an “Issuing Lender” under and as defined in the Credit Agreement as in
effect on the Closing Date and any similar term, if any, under and as defined in any other Financing Document governing Additional Obligations. 

  
 6 

  
 “Lender
Party”: means each Lender or Issuing Lender, as the context may require. 
 “Lenders”: as defined in
the recitals to this Agreement. 
 “Letter of Credit”: means a “Letter of Credit” as defined in and
issued under the Credit Agreement and any similar term, if any, under and as defined in and issued under any Financing Document governing Additional Obligations. 
 “Lien”: any mortgage, pledge, security interest, hypothecation, assignment, lien (statutory or other) or similar encumbrance (including any agreement to give any of the foregoing, any
conditional sale or other title retention agreement or any lease or license in the nature thereof); provided that in no event (a) shall an operating lease be deemed to be a Lien or (b) shall any netting or set-off arrangements under
any Contractual Obligation otherwise permitted under the terms of this Agreement be deemed to be a Lien. 
 “Loan
Documents”: means the “Loan Documents” as defined in the Credit Agreement as in effect on the Closing Date. 

“Loan Party”: means the Borrowers and each Subsidiary Grantor. 

“Major Non-Controlling Series”: shall mean, at any time, the Series of Secured Obligations that constitutes the largest
Relevant Amount (calculated, in the case of any Outstanding Amount, without giving effect to the proviso of the definition of such term) of any then outstanding Series of Secured Obligations. 

“Merger”: as defined in the recitals to this Agreement. 

“Merger Agreement”: as defined in the recitals to this Agreement. 

“Mortgages”: a collective reference to each mortgage, deed of trust and other document or instrument under which any
Lien on real property owned or leased by any Loan Party is granted by a Loan Party to secure any Secured Obligations or under which rights or remedies with respect to any such Liens are governed, including, without limitation, the Mortgages (as
defined in the Credit Agreement). 
 “New Administrative Agent”: as defined in Section 5.3.

 “New Collateral Trustee”: as defined in Section 5.3. 

“New indebtedness Notice”: has the meaning set forth in Section 5.3. 

“Non-Controlling Enforcement Date”: with respect to any Series of Secured Obligations, the date which is 180 days
(throughout which 180-day period such Series of Secured Obligations was the Major Non-Controlling Series) after the occurrence of both (i) an Event of Default (under and as defined in the Financing Document governing such Major Non-Controlling
Series) and (ii) the Collateral Trustee’s and each other Secured Representative’s receipt of written notice from the Secured Representative under the Financing Document governing such Major Non-Controlling Series certifying that
(x) such Series of Secured Obligations is the Major Non-Controlling Series and that an Event of Default (under and as defined in the Financing Document governing such Major Non-Controlling Series) has occurred and is continuing and (y) the
Secured Obligations of such Series are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in accordance with the terms of the applicable Financing Document governing such Major Non-Controlling Series;
provided that the Non-Controlling Enforcement Date shall be stayed and shall not occur and shall be deemed not to have occurred with respect to any Collateral (1) at any time the Collateral Trustee has commenced and is diligently
pursuing any enforcement action with respect to such Collateral or (2) at any time the Loan Party which has granted a security interest in such Collateral is then a debtor under or with respect to (or otherwise subject to) any Insolvency or
Liquidation Proceeding. 

  
 7 

  
 “Ordinary
Course Settlement Payments”: all regularly scheduled payments due under any Secured Commodity Hedging Agreement calculated in accordance with the terms of such Secured Commodity Hedging Agreement, including any “Settlement
Amounts” under any Secured Commodity Hedging Agreement and any liquidated damages payments under any Secured Commodity Hedging Agreement which settle physically and including any Interest Expense due and payable by any of the Loan Parties in
connection with any such regularly scheduled or liquidated damage payments, but excluding, for the avoidance of doubt any “Termination Payments” due and payable under any Secured Commodity Hedging Agreement. 

“Other Credit Support”: with respect to any Secured Commodity Hedging Agreement, any (a) Letter of Credit or other
letter of credit, (b) guaranty or (c) cash collateral issued or pledged, as applicable, in favor of any Secured Commodity Hedging Counterparty to the extent not shared among all Secured Parties and in each case to the extent
permitted under the Credit Agreement and permitted (if addressed herein, or, otherwise, not prohibited) under all of the other applicable Financing Documents, to support the obligations of either Borrower or any Subsidiary Grantor under such Secured
Commodity Hedging Agreement (other than any such guaranty issued by a Loan Party, including the guarantees given under the Guarantee Agreement) which in any case satisfies the requirements of such Secured Commodity Hedging Agreement with respect to
Letters of Credit and other letters of credit, guaranties or cash, as applicable. For the avoidance of doubt, it is expressly understood and agreed that any separate insurance, credit default swap protection or other protection against loss arranged
by any Secured Commodity Hedging Counterparty for its own account in respect of any Secured Obligations owed to it shall not be considered “Other Credit Support” hereunder. 

“Other Credit Support Amount”: at any time, with respect to any Secured Commodity Hedging Agreement, the sum of the
following, in each case to the extent constituting Other Credit Support: (a) the Available L/C Amount of any Letter of Credit or other letter of credit issued in favor of the relevant Secured Commodity Hedging Counterparty to support the
Obligations of the Loan Parties under such Secured Commodity Hedging Agreement (with such Available L/C Amount being calculated at the amount then available to be drawn under the applicable Letter of Credit or the applicable other letter of credit,
notwithstanding anything to the contrary contained in the definition of Available L/C Amount) plus (b) the undrawn amount of any guaranty issued in favor of the relevant Secured Commodity Hedging Counterparty to support the Obligations
of the Loan Parties under such Secured Commodity Hedging Agreement (other than any such guaranty issued by a Loan Party, including the Guarantee Agreement) plus (c) the amount of any cash collateral pledged to the benefit of the relevant
Secured Commodity Hedging Counterparty to support the Obligations of the Loan Parties under such Secured Commodity Hedging Agreement, and which, in each case, satisfies the requirements of such Secured Commodity Hedging Agreement with respect to
Letters of Credit or other letters of credit, guaranties or cash, as applicable. 
 “Other Credit Support
Exception”: (a) with respect to any Other Credit Support constituting a guaranty, the guarantor thereunder fails to make payment after receipt of a demand for payment thereunder made in accordance with the terms of such guaranty,
within three Business Days of its receipt of such demand (or such longer period permitted for payment under such guarantee) and (b) with respect to any Other Credit Support constituting a Letter of Credit or other letter of credit, the
occurrence and continuance of any of the following: (i) a restraint or injunction shall be threatened or pending against the issuer of such Letter of Credit or other letter of credit or the Secured Commodity Hedging Counterparty that is the
beneficiary thereof that restrains or limits or seek to restrain or limit a draw upon, or the application of proceeds from, such Letter of Credit or such other letter of credit prior to, concurrent with, or following such draw or application,
(ii) the issuing bank of such Letter of Credit or such other letter of credit shall be subject to an Insolvency Proceeding, or (iii) the issuing bank shall have disavowed, repudiated or dishonored its obligations under such Letter of
Credit or such other letter of credit after, if applicable, delivery to such issuing bank of a conforming draw request thereunder. 
 “Outstanding Amount”: means, with respect to any Financing Document (other than any Secured Commodity Hedging Agreement), at any time, an amount equal to the sum of, without duplication,
(a) the aggregate principal amount of the Loans or other indebtedness outstanding under such Financing Document at 

  
 8 

 
such time plus (b) the excess of (x) the aggregate Available L/C Amount of all Letters of Credit issued under such Financing Document and outstanding at such time over
(y) any cash collateral referred to in Section 5.5(b) then held in respect of any Letters of Credit plus (c) the aggregate amount of all outstanding unexpired Commitments to extend credit that, when funded or issued, would
constitute Loans or other indebtedness or Letters of Credit, at such time; provided, however, that if any Lender shall be a “Defaulting Lender” howsoever defined in the relevant Financing Document at such time, there shall be
excluded from the determination of the “Outstanding Amount” under such Financing Document: (i) the aggregate principal amount of Loans or other indebtedness owing to such Lender, (ii) such Lender’s pro rata share of the
aggregate Available L/C Amount of all Letters of Credit issued under such Financing Document and (iii) such Lender’s pro rata share of the outstanding Commitments to extend credit that, when funded, would constitute Loans or other
indebtedness or Letters of Credit, at such time. 
 “Permitted Commodity Hedging Agreement”: any Eligible
Commodity Hedging Agreement entered into from time to time by any Loan Party to the extent permitted (if addressed therein, or, otherwise, not prohibited) under the Credit Agreement and the other applicable Financing Documents at the time it is
entered into. 
 “Permitted Secured Hedging Amount”: with respect to any Secured Commodity Hedging Agreement
and any related guaranty (but without duplication), as of any date of determination, the full amount of all obligations of every nature outstanding and then owed to the Secured Commodity Hedging Counterparty under such Secured Commodity Hedging
Agreement as of such date of determination (including any outstanding Ordinary Course Settlement Payments and Termination Payments), together with (without duplication) any and all other obligations of any Loan Party of any kind thereunder, whether
fixed or contingent, matured or unmatured as of such date of determination; provided, that for purposes of calculating the “Eligible Hedging Voting Amount” or “Permitted Secured Hedging Amount” in respect of
any Secured Commodity Hedging Agreement, the “Termination Payment” shall be calculated as the amount that would be payable by the relevant Loan Party under any such Secured Commodity Hedging Agreement if such Secured Commodity
Hedging Agreement were terminated as the result of an event of default with respect to such Loan Party under such Secured Commodity Hedging Agreement on the Business Day immediately preceding the applicable date of determination or, if such Secured
Commodity Hedging Agreement was previously terminated, the Termination Payment which remains unpaid as of the applicable date of determination. 
 “Pledged Collateral”: as the context may require, (a) any Collateral, to the extent that possession or control thereof is necessary to perfect a Lien thereon under the UCC, including
any deposit account or securities account (as such terms are defined in the UCC), (b) any rights to receive payments under any insurance policy that constitute Collateral and with respect to which a secured party is required to be named as an
additional insured or a loss payee in order to perfect a Lien thereon and/or (c) any other Collateral with respect to which a secured party must be listed on a certificate of title in order to perfect a Lien thereon. 

“Post-Petition Interest”: any interest or entitlement to fees or expenses or other charges that accrues after the
commencement of any Insolvency or Liquidation Proceeding, whether or not allowed or allowable in any such Insolvency or Liquidation Proceeding. 
 “Recovery”: as defined in Section 6.2. 

“Refinance”: in respect of any indebtedness, (a) such indebtedness (in whole or in part) as extended, renewed,
defeased, refinanced, replaced, refunded or repaid and (b) any other indebtedness issued in exchange or replacement for or to refinance such indebtedness, in whole or in part, whether with the same or different lenders, arrangers and/or agents
and whether with a larger or smaller aggregate principal amount and/or a longer or shorter maturity, in each case to the extent permitted (if addressed therein, or, otherwise, not prohibited) under the terms of the Credit Agreement and under the
terms of the other applicable Financing Documents. “Refinanced” and “Refinancing” shall have correlative meanings. 

  
 9 

  
 “Reimbursement
Obligations”: with respect to any Letter of Credit then outstanding under any Financing Document, at any time, an amount equal to the sum of (a) the aggregate then undrawn and unexpired amount of such Letter of Credit and (b) the
aggregate amount of drawings under such Letter of Credit that have not then been reimbursed pursuant to such Financing Document. 
 “Related Parties”: with respect to any specified Person, such Person’s Affiliates and the directors, officers, employees, agents, trustees and advisors of such Person and any Person
that possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of such Person, whether through the ability to exercise voting power, by contract or otherwise. 

“Relevant Amount”: means, (i) with respect to any Financing Document (other than any Secured Commodity Hedging
Agreement), at any time, the Outstanding Amount and (ii) with respect to any Secured Commodity Hedging Agreement, at any time, the Eligible Hedging Voting Amount. 
 “Remedy Event”: has the meaning set forth in Section 4.2. 
 “Replacement Credit Agreement”: as defined in Section 5.3. 
 “Required Commodity Hedging Counterparties”: at any time, Secured Commodity Hedging Counterparties owed or holding more than 50% of the sum of the Eligible Hedging Voting Amounts under
all Secured Commodity Hedging Agreement outstanding at such time. 
 “Required Lenders”: as defined in the
Credit Agreement. 
 “Required Secured Parties”: at any time, (i) prior to the earlier of the
(A) Discharge of Credit Agreement Obligations and (B) the Non-Controlling Enforcement Date, Secured Parties constituting the Required Lenders under the Credit Agreement at such time and (ii) on or after the earlier of the
(A) Discharge of Credit Agreement Obligations and (B) the Non-Controlling Enforcement Date, Secured Parties owed or holding more than 50% of the Outstanding Amount under the applicable Financing Document governing the Major Non-Controlling
Series at such time or, in the case of this clause (ii), if such Major Non-Controlling Series is a Secured Commodity Hedging Agreement, “Required Secured Parties” shall mean the Secured Commodity Hedging Counterparty thereunder. For
purposes of this definition, Secured Obligations registered in the name of, or beneficially owned by, a Borrower or any Affiliate of a Borrower (other than investors in a Borrower’s Affiliates that are investment funds, provided that such
investors are not themselves Affiliates of a Borrower or any other Loan Party) will be deemed not to be outstanding and neither a Borrower nor any Affiliate of a Borrower (other than investors in a Borrower’s Affiliates that are investment
funds, provided that such investors are not themselves Affiliates of a Borrower or any other Loan Party) will be entitled to vote to direct the Collateral Trustee or relevant Secured Representative. 

“Secured Commodity Hedging Agreement”: any Permitted Commodity Hedging Agreement entered into from time to time by a
Borrower or any Subsidiary Grantor with a Secured Commodity Hedging Counterparty which requires that the obligations of a Borrower or the Subsidiary Grantor party thereto be secured by the First Lien, to the extent such Permitted Commodity Hedging
Agreement is permitted (if addressed therein, or, otherwise, not prohibited) to be entered into by such Borrower or such Subsidiary Grantor and secured by the First Lien under the Credit Agreement and the other applicable Financing Documents at the
time it is entered into; provided that the Secured Commodity Hedging Counterparty party thereto shall either be a party hereto or shall have executed and delivered to the Collateral Trustee an Accession Agreement in accordance with
Section 5.6 pursuant to which such Secured Commodity Hedging Counterparty has become a party to this Agreement and has agreed to be bound by the obligations of a Secured Party under the terms hereof. 

“Secured Commodity Hedging Counterparty”: any Commodity Hedging Counterparty (other than any Loan Party) that is a party
to a Secured Commodity Hedging Agreement. 

  
 10 

  
 “Secured Debt
Obligations”: the Credit Agreement Obligations and any Additional Obligations. 
 “Secured Hedging
Agreement”: any Hedging Agreement that is entered into by and between any Loan Party and any Hedging Counterparty. 

“Secured Obligations”: collectively, (a) all Credit Agreement Obligations, (b) all debts, liabilities,
obligations, covenants and duties of any Loan Party arising under any Secured Commodity Hedging Agreement or Secured Hedging Agreement, in each case, entered into with a Borrower or any other Loan Party, whether fixed or contingent, matured or
unmatured, and whether or not allowed or allowable in an Insolvency or Liquidation Proceeding and (c) all obligations of every nature outstanding under any Additional Obligations, whether fixed or contingent, matured or unmatured, in each case
whether or not allowed or allowable in an Insolvency or Liquidation Proceeding. “Secured Obligations” shall include, without limitation, interest accruing at the then applicable rate provided in the applicable Financing Document
after the maturity of the relevant Secured Obligations and any Post-Petition Interest. 
 “Secured
Representative”: (a) with respect to the Lender Parties, the Administrative Agent, (b) with respect to any Secured Commodity Hedging Agreement, the Secured Commodity Hedging Counterparty party thereto, as identified in the
Accession Agreement pursuant to which such Secured Commodity Hedging Counterparty has become a party to this Agreement and has agreed to be bound by the obligations of a Secured Party under the terms hereof and (c) with respect to each holder
of Additional Obligations, the agent, trustee or representative acting on behalf of the holder of such Additional Obligations (and, if no such agent, trustee or representative then exists, the holder of such Additional Obligations), as identified in
the Accession Agreement pursuant to which such holder of Additional Obligations has become a party to this Agreement and has agreed to be bound by the obligations of a Secured Party under the terms hereof. 

“Secured Parties”: shall have the meaning ascribed to it in the Security Agreement as in effect on the Closing Date
(without reference to any subsequent amendment, restatement or modification); provided that, in the case of any Secured Commodity Hedging Counterparty, Secured Hedging Counterparty or holder of other Additional Obligations (and any
representative, agent or trustee acting on behalf of such holder) that is not a party hereto as of the date hereof, such Secured Commodity Hedging Counterparty, Secured Hedging Counterparty or holder of Additional Obligations (or the representative,
agent or trustee acting on behalf of such holder), as applicable, shall have executed and delivered to the Collateral Trustee an Accession Agreement in accordance with Section 5.6 pursuant to which it has become a party to this Agreement and
has agreed to be bound by the obligations of a Secured Party under the terms hereof. 
 “Security Agreement”:
as defined in the recitals to this Agreement. 
 “Security Documents”: the Security Agreement and all
mortgages, deeds of trust, trust deeds, pledges, hypothecations, grants and all other security documents delivered to the Collateral Trustee granting a Lien on any property of any Person to secure the Secured Obligations. 

“Series”: each of (x) the Credit Agreement Obligations and (y) any Additional Obligations incurred pursuant to
any Financing Document which, pursuant to any Accession Agreement, are represented hereunder by a Secured Representative (in its capacity as such for such Secured Obligations). 

“Specified Collateral Permitted Commodity Hedging Agreement”: any Secured Commodity Hedging Agreement that by its terms
provides that it is to be secured by specific properties of the Loan Parties constituting Collateral but is not required to be secured by all of the Collateral (excluding for this purpose and for the avoidance of doubt, any Collateral that is solely
for the benefit of certain Secured Parties pursuant to Section 5.5(b)). 

  
 11 

  
 “Specified
Hedging Collateral”: with respect to any Specified Collateral Permitted Commodity Hedging Agreement, those properties of the Loan Parties constituting the portion (but not all) of the Collateral required under the terms of such Specified
Collateral Permitted Commodity Hedging Agreement to be pledged in favor of the Secured Commodity Hedging Counterparty party thereto. 
 “Subsidiary Grantor”: means a “Subsidiary Guarantor” as defined in the Credit Agreement as in effect on the Closing Date (without reference to any subsequent amendment,
restatement, modification or Refinance). 
 “Supplemental Collateral Trustee”: as defined in
Section 7.2(b). 
 “Termination Payment”: any amount payable to or by a Borrower or any of the
Subsidiary Grantors in connection with a termination (whether as a result of the occurrence of an event of default or other termination event) of any Secured Commodity Hedging Agreement or any Secured Hedging Agreement, including any
“Settlement Amount” or “Termination Payment”, together with any Interest Expense due and payable by any of the Loan Parties in connection with such amounts; provided that for the avoidance of doubt, “Termination
Payments” shall not include any Ordinary Course Settlement Payments due under any such Secured Commodity Hedging Agreement or Secured Hedging Agreement that have been paid prior to such date of determination. 

“Trust Estate”: has the meaning assigned in the Declaration of Trust in this Collateral Trust Agreement. 

“UCC”: the Uniform Commercial Code as in effect from time to time in the State of New York or, when the context implies,
the Uniform Commercial Code as in effect from time to time in any other applicable jurisdiction. 
 1.2 Credit Agreement
Definitions. The following terms shall have the meanings assigned to them in the Credit Agreement as it is in effect on the Closing Date (without reference to any subsequent amendment, restatement, modification or Refinance): Business Day,
Closing Date, indebtedness, Default, Disposition, GAAP, Governmental Authority, Hedging Agreements, Hedging Counterparty, Loan, Obligations, Permitted Liens, Person, Responsible Officer, Secured Hedging Counterparty, Subsidiary and Unrestricted
Subsidiary. 
 1.3 Other Definitional Provisions. With reference to this Agreement, unless otherwise specified herein:

 (a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined
terms. 
 (b) The words “herein”, “hereto”, “hereof” and “hereunder” and
words of similar import shall refer to this Agreement as a whole and not to any particular provision thereof. 

(c) The term “including” is by way of example and not limitation. 

(d) The term “documents” includes any and all instruments, documents, agreements, certificates, notices,
reports, financial statements and other writings, however evidenced, whether in physical or electronic form. 

(e) In the computation of periods of time from a specified date to a later specified date, the word “from”
means “from and including”; the words “to” and “until” each mean “to but excluding”; and the word “through” means “to and including”. 

(f) Section headings herein are included for convenience of reference only and shall not affect the interpretation of
this Agreement or any other Security Document. 

  
 12 

  
 1.4 Certifications,
Etc. All certifications, notices, declarations, representations, warrants and statements made by any officer, director or employee or a Loan Party pursuant to or in connection with this Agreement or any other Security Document shall be made in
such Person’s capacity as officer, director or employee on behalf of the Loan Party and not in such Person’s individual capacity. 
 SECTION 2. Lien Priorities. 
 2.1 Pari Passu. As among the
Secured Parties, all Liens on the Collateral shall rank pari passu, no Secured Party shall be entitled to any preferences or priority over any other Secured Party with respect to the Collateral (except as otherwise provided in
Section 4.1) and the Secured Parties shall share in the Collateral and all Proceeds thereof in accordance with the terms of this Agreement. 
 2.2 Prohibition on Contesting Liens. Each Secured Party agrees that it will not (and hereby waives any right to) object to or contest or support any other Person in objecting to or contesting, in
any proceeding (including any Insolvency or Liquidation Proceeding), (a) the priority, validity, extent, perfection or enforceability of a Lien held by the Collateral Trustee on behalf of any of the Secured Parties in the Collateral in
accordance with the terms of this Agreement or (b) any or all of the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of Collateral Trustee or any other Secured
Party to enforce this Agreement. 
 2.3 No New Liens. Except as set forth in Section 5.5, the parties hereto
agree that neither the Borrowers nor the Subsidiary Grantors shall grant or permit any additional Liens on any property or assets to secure any Secured Obligation unless it has granted or concurrently grants a Lien on such property or assets to
secure all Secured Obligations on a pari passu basis. 
 SECTION 3. Enforcement. 

3.1 Enforcement of Liens. 
 (a) The Controlling Secured Representative will have, subject to the terms of this Agreement, the right to authorize and direct the Collateral Trustee with respect to the Security Documents and the
Collateral, including, without limitation, the exclusive right to authorize or direct the Collateral Trustee to enforce, collect or realize on any Collateral or exercise any other right or remedy with respect to the Collateral. Such exercise and
enforcement shall include the rights of the Collateral Trustee to sell or otherwise dispose of Collateral upon foreclosure, to incur reasonable expenses in connection with such sale or disposition, and to exercise all the rights and remedies of a
secured creditor under the UCC and the Security Documents and of a secured creditor under the Bankruptcy Code and other applicable law; provided that unless and until the Collateral Trustee shall have received such direction, the Collateral
Trustee may (but shall not be obligated to) take such action, or refrain from taking such action, in order to preserve or protect its Liens on and the value of the Collateral as it shall deem advisable in the best interests of the Secured Parties.

 (b) Until the date of Discharge of Secured Obligations, except to the extent otherwise directed or consented to by the
Controlling Secured Representative, none of the Collateral Trustee, any Secured Representative or any other Secured Party will: 
 (i) request judicial relief, in any Insolvency or Liquidation Proceeding or in any other court, that would hinder, delay, limit or prohibit the lawful exercise or enforcement of any right or remedy
otherwise available to the Secured Parties in respect of the Liens granted to the Collateral Trustee, for the benefit of the Secured Parties; 
 (ii) oppose or otherwise contest any motion for relief from the automatic stay or for foreclosure or enforcement of Liens granted to the Collateral Trustee, for the benefit of the Secured Parties, made by
the Collateral Trustee, acting at the direction of, or as consented to by, the Controlling Secured Representative, in any Insolvency or Liquidation Proceeding; 

  
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 (iii)
oppose or otherwise contest any lawful exercise by the Collateral Trustee, acting at the direction of, or as consented to by, the Controlling Secured Representative, of the right to credit bid the Secured Obligations at any sale in foreclosure of
the Liens granted to the Collateral Trustee, for the benefit of the Secured Parties; or 
 (iv) oppose or
otherwise contest any other request for judicial relief made in any court by the Collateral Trustee, acting at the direction of, or as consented to by, the Controlling Secured Representative, relating to the lawful enforcement of any First Lien;

 provided, however, that the Collateral Trustee may take such actions as it deems desirable to create, prove, preserve or
protect the Liens upon any Collateral. Notwithstanding the foregoing, both before and during an Insolvency and Liquidation Proceeding, any Secured Party and any Secured Representative on behalf of the Required Secured Parties may take any actions
and exercise any and all rights that they would have as an unsecured creditor, including, without limitation, the commencement of an Insolvency or Liquidation Proceeding against any Loan Party in accordance with applicable law and the termination of
any Financing Document in accordance with the terms thereof; provided that the Secured Parties and the Secured Representatives may not take any of the actions prohibited by clauses (i) through (iv) above or oppose or
contest any other claim that it has agreed not to oppose or contest under Section 6; and provided, further, that, in the event that any Secured Party becomes a judgment Lien creditor in respect of Collateral as a result of
its enforcement of its rights as an unsecured creditor with respect to the Secured Obligations, such judgment Lien shall be subject to the terms of this Agreement for all purposes as the other Liens securing the Secured Obligations are subject to
this Agreement. 
 (c) In exercising rights and remedies with respect to the Collateral after the occurrence and during the
continuance of any Event of Default, the applicable Secured Representative may, at the direction of the Required Secured Parties, instruct the Collateral Trustee to enforce (or to refrain from enforcing) the provisions of the Security Documents in
respect of the Secured Obligations and exercise (or refrain from exercising) remedies thereunder or any such rights and remedies, all in such order and in such manner as the Collateral Trustee may determine, unless otherwise directed by the
Controlling Secured Representative, including: 
 (i) the exercise or forbearance from exercise of all rights
and remedies in respect of the Collateral; 
 (ii) the enforcement or forbearance from enforcement of any Lien
in respect of the Collateral; 
 (iii) the exercise or forbearance from exercise of rights and powers of a
holder of Capital Stock or any other form of securities included in the Collateral to the extent provided in the Security Documents; 
 (iv) the acceptance of the Collateral in full or partial satisfaction of the Secured Obligations; and 
 (v) the exercise or forbearance from exercise in respect of the Collateral of all rights and remedies of a secured lender under the UCC or any similar law of any applicable jurisdiction or in equity.

 (d) Without in any way limiting the generality of clause (c) above (but subject to the rights of the Borrowers
and the other Loan Parties under the Financing Documents and the provisions of Section 5.2(a)), the Collateral Trustee, the Administrative Agent, each Secured Commodity Hedging Counterparty and each other Secured Party and any of them
may, at any time and from time to time in accordance with the Financing Documents and/or applicable law, without the consent of or notice to any other Secured Party (to the extent no such consent or notice is otherwise required hereunder), without
incurring responsibility to any other Secured Party and without impairing or releasing the Lien priorities and other benefits provided in this Agreement (even if any right of subrogation or other right or remedy of any other Secured Party is
affected, impaired or extinguished thereby), do one or more of the following: 
 (i) change the manner, place or
terms of payment or change or extend the time of payment of, or amend, renew, exchange, increase or alter, the terms of any of the Secured Obligations or any Lien on any 

  
 14 

 
Collateral or guaranty thereof or any liability of the Borrowers or any other Loan Party, or any liability incurred directly or indirectly in respect thereof (including any increase in (pursuant
to any incremental facilities under the Credit Agreement or otherwise) or extension of the Secured Obligations, without any restriction as to the tenor or terms of any such increase or extension) or otherwise amend, renew, exchange, extend, modify
or supplement in any manner any Liens held by the Collateral Trustee or any of the Secured Parties, the Secured Obligations or any of the Financing Documents, including pursuant to Section 5.3; 

(ii) sell, exchange, release, surrender, realize upon, enforce or otherwise deal with in any manner and in any order any
part of the Collateral or any liability of the Borrowers or any other Loan Party to the Secured Parties or the Collateral, or any liability incurred directly or indirectly in respect thereof, to the extent, in all such cases, that such Person has
the right to take and is not prohibited from taking such actions under any or all of the Financing Documents; 

(iii) settle or compromise any Secured Obligation or any other liability of either Borrower or any other Loan Party or
any security therefor or any liability incurred directly or indirectly in respect thereof and apply any sums by whomsoever paid and however realized to any liability (including the Secured Obligations) in any manner or order; and 

(iv) exercise or delay in or refrain from exercising any right or remedy against either Borrower or any security or any
other Loan Party or any other Person, elect any remedy and otherwise deal freely with the Borrowers, any other Loan Party or any Collateral and any security and any guarantor or any liability of the borrower or any other Loan Party to the Secured
Parties or any liability incurred directly or indirectly in respect thereof. 
 (e) Following notice of any Event of Default
received pursuant to Section 5.4, any Secured Representative may request in writing that the Collateral Trustee pursue any lawful action in respect of the Collateral in accordance with the terms of the Security Documents. Upon any such
written request, the Collateral Trustee shall seek the consent of the Required Secured Parties to pursue such action (it being understood that the Collateral Trustee shall not be required to advise the Required Secured Parties to pursue any such
action). Following receipt of any notice that a Event of Default has occurred, the Collateral Trustee may await direction from the Controlling Secured Representative and will act, or decline to act, as directed by the Controlling Secured
Representative, in the exercise and enforcement of the Collateral Trustee’s interests, rights, powers and remedies in respect of the Collateral or under the Security Documents or applicable law and, following the initiation of such exercise of
remedies, the Collateral Trustee will act, or decline to act, with respect to the manner of such exercise of remedies as directed by the Controlling Secured Representative. Subsequent to the Collateral Trustee receiving written notice that any Event
of Default has occurred entitling the Collateral Trustee to foreclose upon, collect or otherwise enforce the First Liens then, unless it has been directed to the contrary by the Controlling Secured Representative, the Collateral Trustee in any event
may (but will not be obligated to) take all lawful and commercially reasonable actions permitted under the Security Documents that it may deem necessary or advisable in its reasonable judgment to protect or preserve its interest in the Collateral
and the interests, rights, powers and remedies granted or available to the Collateral Trustee under, pursuant to or in connection with the Security Documents. 
 SECTION 4. Payments. 
 4.1 Application of Proceeds.
Regardless of any Insolvency or Liquidation Proceeding which has been commenced by or against either Borrower or any other Loan Party, Collateral or any proceeds thereof received in connection with the sale or other disposition of, or collection on,
such Collateral upon the exercise of remedies under the Security Documents by the Collateral Trustee shall be applied in the following order (it being agreed that the Collateral Trustee shall apply such amounts in the following order as promptly as
is reasonably practicable after the receipt thereof; provided that such amounts shall not be so applied until such time as the 

  
 15 

 
amount of the Secured Obligations has been determined in accordance with the terms hereof and under the terms of the relevant Financing Document, including and subject to Sections 4.3
and 4.4 below): 
 first, on a pro rata basis, to the payment of all amounts due to
the Collateral Trustee, any Agent, and the Issuing Lenders (in such capacities) (other than amounts constituting Interest Expenses) under any of the Financing Documents, excluding in the case of the Issuing Lenders, amounts payable in connection
with any unreimbursed amount under any Letter of Credit; 
 second, on a pro rata basis, to
any Secured Party which has theretofore advanced or paid any costs, expenses or fees to any Agent or Issuing Lender, other than any amounts covered by priority first, an amount equal to the amount thereof so advanced or paid by such Secured
Party and for which such Secured Party has not been previously reimbursed; 
 third, on a pro
rata basis, to the payment of, without duplication, (a) all principal, interest, fees, charges and other amounts then due and payable in respect of the Secured Obligations (including cash collateralization of all outstanding Letters of
Credit as required under the Credit Agreement or any other applicable Financing Document) and (b) the payment of Permitted Secured Hedging Amounts then due and payable to any Secured Commodity Hedging Counterparty under any Secured Commodity
Hedging Agreement; and 
 last, the balance, if any, after all of the Secured Obligations have been
indefeasibly paid in full in cash, to the Loan Parties or as otherwise required by applicable law. 
 4.2 Limitations on
Payment Post Default. After (a) the commencement of any Insolvency or Liquidation Proceeding in respect of any Loan Party or (b) (i) any of the Secured Obligations outstanding under any of the Financing Documents has become due
and payable in full (whether at maturity, upon acceleration or otherwise) or any Secured Obligations outstanding under any of the Financing Documents has not been paid when due and (ii) the Controlling Secured Representative shall have
instructed the Collateral Trustee to enforce, collect or realize on any Collateral or exercise any other right or remedy with respect to the Collateral (in the case of either clause (a) or clause (b), a “Remedy
Event”), no payment of cash (or the equivalent of cash) shall be made from the proceeds of Collateral by any Loan Party to the Collateral Trustee for the benefit of any Secured Party, except as provided for in Section 4.1.

 4.3 Secured Obligation Balances. 
 (a) (i) Promptly following the written request of the Collateral Trustee (and, in any event, within five Business Days) and (ii) only for so long as any Additional Obligations are outstanding, on the
last Business Day of each March, June, September and December, each Secured Representative shall give the Collateral Trustee written notice of the aggregate amount of the Secured Obligations (including, with respect to the Secured Debt Obligations
only, calculations of the Outstanding Amount (calculated both with and without giving effect to the proviso to the definition of such term)) then outstanding and owed by the relevant Borrower or any other Loan Party to the Secured Parties
represented by such Secured Representative under the applicable Financing Documents and any other information that the Collateral Trustee may reasonably request; provided however, that if a Secured Representative shall fail or refuse
reasonably promptly to provide the requested information, the Collateral Trustee shall be entitled to make any such determination or not make any determination by such method as it may, in the exercise of its good faith judgment, determine,
including by reliance upon a certificate of the relevant Borrower. The Collateral Trustee may rely conclusively, and shall be fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence
(or as otherwise directed by a court of competent jurisdiction) and shall have no liability to any Loan Party, any Secured Party or any other Person as a result of such determination. The Collateral Trustee shall promptly following receipt of any
such information, provide a copy of such information to each other Secured Representative. 

  
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 (b) Without limiting
the foregoing, upon receipt of any of the monies referred to in Section 4.1 above, the Collateral Trustee shall promptly provide notice to each Secured Representative of the receipt of such monies. Within 10 Business Days of the receipt
of such notice, each Secured Representative shall give the Collateral Trustee written certification by an authorized officer or representative thereof of the aggregate amount of the Secured Obligations then outstanding owed by the relevant Borrower
or any other Loan Party to the Secured Parties represented by such Secured Representative under the applicable Financing Documents to be certified to as presently due and owing and, as applicable, after giving effect to the application of any Other
Credit Support in respect of such Secured Obligations as contemplated by Section 4.4 (and, promptly upon receipt thereof, the Collateral Trustee shall provide a copy of each such certification to each other Secured Representative).
Unless otherwise directed by a court of competent jurisdiction or each Secured Representative, the Collateral Trustee shall use the information provided for in such notices as the basis for applying such monies in accordance with
Section 4.1 above. Notwithstanding anything herein to the contrary, the proceeds of any Collateral shall not be applied to the Secured Obligations until each Secured Commodity Hedging Counterparty shall have applied any Other Credit
Support to the Secured Obligations owing to such Secured Commodity Hedging Counterparty, as contemplated by Section 4.4. 
 (c) In calculating the amount of Secured Obligations owed to any Secured Commodity Hedging Counterparty or Secured Hedging Counterparty, the applicable Permitted Secured Hedging Amount and/or Termination
Payment owed under any Secured Commodity Hedging Agreement or Secured Hedging Agreement shall be determined by the relevant Secured Commodity Hedging Counterparty or Secured Hedging Counterparty in accordance with the terms of the relevant Secured
Commodity Hedging Agreement or Secured Hedging Agreement, as applicable. In the event that such Secured Commodity Hedging Agreement includes a confirmed transaction that constitutes a Specified Collateral Permitted Commodity Hedging Agreement, the
relevant Secured Commodity Hedging Counterparty shall determine the amount of the Termination Payment that is either then due and payable or would be due and payable under such Specified Collateral Permitted Commodity Hedging Agreement and shall
only setoff and net all Termination Payments that are entitled to the relevant Specified Hedging Collateral, and such Termination Payments shall be distinct from any other Termination Payment owed to the relevant Secured Commodity Hedging
Counterparty under any Secured Commodity Hedging Agreement that does not constitute a Specified Collateral Permitted Commodity Hedging Agreement or a Specified Collateral Permitted Commodity Hedging Agreement that is secured by different Specified
Hedging Collateral. 
 4.4 Application of Other Credit Support. If following the occurrence of an Early Termination Event
under any Secured Commodity Hedging Agreement any Loan Party shall fail to pay any of the Secured Obligations owing under such Secured Commodity Hedging Agreement as and when required thereunder, then each applicable Secured Commodity Hedging
Counterparty agrees that it shall, to the extent permitted under such Secured Commodity Hedging Agreement and the terms of the applicable Other Credit Support, but subject to the occurrence of any Other Credit Support Exception, promptly
(i) make a demand for payment under any Other Credit Support consisting of a Letter of Credit or other letter of credit, cash collateral or a guarantee issued in favor of such Secured Commodity Hedging Counterparty to support the Secured
Obligations of the Loan Parties under such Secured Commodity Hedging Agreement and (ii) apply the proceeds received under any Other Credit Support consisting of a Letter of Credit or other letters of credit, cash collateral or guarantee and any
cash consisting of Other Credit Support pledged in favor of such Secured Commodity Hedging Counterparty to reduce the outstanding amount of such Secured Obligations or enforcement action in connection therewith. 

4.5 Limitations on Obligations under Secured Commodity Hedging Agreements With Respect to Specified Hedging Collateral.
Notwithstanding anything herein to the contrary in connection with any exercise of remedies, each Secured Commodity Hedging Counterparty that is party to any Specified Collateral Permitted Commodity Hedging Agreement shall only be entitled to
amounts in respect of its Secured Obligations arising thereunder to the extent that proceeds from Collateral being applied pursuant to Section 4.1 constitute the proceeds of Specified Hedging Collateral in respect of such Specified
Collateral Permitted Commodity Hedging Agreement. 

  
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 SECTION 5. Other
Agreements. 
 5.1 Releases. 
 (a) Upon the request of any Loan Party in connection with any Disposition of Collateral or any other transaction involving a proposed release of Collateral or any guarantee (other than in connection with
the exercise of any of the Collateral Trustee’s rights and remedies in respect of the Collateral provided for herein) by any Loan Party, in each case to the extent permitted (if addressed therein, or, otherwise, not prohibited) by the terms of
the Credit Agreement and by the terms of the other applicable Financing Documents (including pursuant to Section 8.5 of the Credit Agreement) and in accordance with the requirements (if any) of the relevant Security Documents, the
Collateral Trustee will, at the Company’s request and sole cost and expense, execute and deliver to such Loan Party such releases and other documents (including UCC termination statements, reconveyances, customary pay off letters and return of
Collateral) as such Loan Party may reasonably request to evidence and effectuate the concurrent release of (A) with respect to any Disposition, any Lien granted under any of the Security Documents in any Collateral being disposed of in
connection with such Disposition, (B) with respect to any Disposition in respect of all of the Capital Stock in, or assets of, such Loan Party, such Loan Party from its Secured Obligations under the Financing Documents and/or such assets from
the Lien granted under any of the Security Documents, or (C) with respect to any Subsidiary Grantor that is designated as an Unrestricted Subsidiary or where it is otherwise expressly provided that such Subsidiary is no longer required to be a
Subsidiary Grantor under the Credit Agreement and the other applicable Financing Documents, such Subsidiary from its Secured Obligations under the Financing Documents and/or the assets of such Subsidiary from the Lien granted under any of the
Security Documents. 
 (b) Upon the Discharge of Secured Obligations, all rights to the Collateral shall revert to the
applicable Loan Party, and, upon the written request of the Company, the Collateral Trustee will, at the Company’s expense, (x) promptly cause to be transferred and delivered, without any recourse, warranty or representation whatsoever,
any Collateral and any proceeds received in respect thereof, (y) execute and deliver to the Company and the other Loan Parties such UCC termination statements and other documentation as the Company or any other Loan Party may reasonably request
to effect the termination and release of the Liens on the Collateral and (z) execute and deliver to the Company and the other Loan Parties such other documentation as the Company or any other Loan Party may reasonably request to affect the
termination of such Loan Party’s obligations under the Security Documents to which it is a party (other than any such obligation which is intended by its terms to survive the Discharge of Secured Obligations). 

(c) Notwithstanding anything herein to the contrary, the Collateral Trustee, on behalf of the Secured Parties, will have the exclusive
right (but subject to the provisions of the Financing Documents) to make determinations regarding the release or disposition of any of the Collateral, without any consultation with, consent of, or notice to, with respect to any of the Collateral
that does not constitute Specified Hedging Collateral under any applicable Specified Collateral Permitted Commodity Hedging Agreement, the Secured Commodity Hedging Counterparty party thereto. 

(d) Each of the Secured Commodity Hedging Counterparties party to a Specified Collateral Permitted Commodity Hedging Agreement agrees
that it shall promptly, upon the written request of the Company, at the Company’s expense, execute and deliver to the Company and other Loan Parties such documentation as the Company may request from time to time to release any Lien for their
benefit in such capacity on any of the Collateral that does not constitute Specified Hedging Collateral under the terms of Specified Collateral Permitted Commodity Hedging Agreement to which it is a party. 

(e) Subject to any requirements of the Financing Documents, including, without limitation, Section 11.1 of the Credit
Agreement, without further written consent or authorization from any Secured Party, the Collateral Trustee shall execute any documents or instruments necessary to release any Collateral or guarantee to the extent the relevant Secured Parties have
consented to such release in accordance with the terms of the Financing Documents. 

  
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 5.2 Amendments to
Financing Documents. 
 (a) Terms of the Secured Obligations and the Financing Documents may be amended, modified,
supplemented or extended from time to time, and the aggregate amount of the Secured Obligations may be increased or Refinanced, in each event, without notice to or consent by any Secured Party that is not a party to such Financing Document and
without affecting the provisions hereof, and the Lien priorities provided herein shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, increase or Refinancing of the Secured Obligations, or any
portion thereof; provided, however, that the holders of any such indebtedness that has been Refinanced under the Loan Documents (or any agent or trustee therefor) execute and deliver an Accession Agreement to the Collateral Trustee in
accordance with Section 5.3. 
 (b) Notwithstanding anything herein to the contrary, during the continuance of any
Event of Default, to the extent permitted by the applicable Financing Documents, any Secured Party shall be entitled in its reasonable discretion to make payments or advances to the Collateral Trustee, any Loan Party or any third party for the
purpose of protecting, preserving or defending the value of the Collateral. 
 (c) Notwithstanding anything to the contrary in
this Agreement, and subject to Section 5.2(d) below, in addition to the consent of the Borrowers and the Subsidiary Grantors required by Section 9.3(a), the consent of the Controlling Secured Representative shall be required
for all amendments, modifications, waivers or terminations of this Agreement, other than as permitted pursuant to Section 9.3(b) hereof. 
 (d) Notwithstanding anything to the contrary in this Agreement or in any of the Security Documents in any case where the Secured Commodity Hedging Counterparties would be materially and adversely affected
thereby (it being understood that the undertaking of any transactions permitted by Section 5.6 (as in effect on the date hereof) shall not be deemed to materially and adversely affect the Secured Commodity Hedging Counterparties), without the
written consent of the Required Commodity Hedging Counterparties (or, if less than all of the Secured Commodity Hedging Counterparties are so disadvantaged or otherwise discriminated against, the prior written consent of each such Secured Commodity
Hedging Counterparty that would be materially and adversely affected thereby), no amendment, modification, termination or consent in respect of this Agreement or the Security Documents shall be effective if the effect thereof would (directly or
indirectly, including through definitional terms used in any of the following): (A) amend the definition of “Commodity Hedging Secured Obligations”, “Early Termination Event”, “Eligible Hedging Voting
Amount”, “Secured Commodity Hedging Agreement”, “Secured Obligations”, “Secured Parties”, “Ordinary Course Settlement Payments”, “Other Credit Support”,
“Other Credit Support Amount”, “Other Credit Support Exception”, “Permitted Secured Hedging Amount”, “Required Secured Parties”, “Required Commodity Hedging
Counterparties”, “Secured Hedging Agreement” or “Termination Payment”; (B) change the order of application of proceeds of Collateral and other payments set forth in Section 4.1 or any other
provision setting forth a priority of payment in respect of the Secured Obligations (to the extent such provisions relate to a Secured Commodity Hedging Agreement); or (C) in the case of any Secured Commodity Hedging Agreement, cause the
Secured Obligations owed under any such Secured Commodity Hedging Agreement to cease to be secured on a First Lien, pari passu basis with all other Secured Obligations with respect to Collateral. Notwithstanding the foregoing or anything to
the contrary contained herein, (i) no amendment, modification, waiver, supplement, termination or consent shall be made or given with respect to this Agreement or any Security Document including any intercreditor agreement entered into by the
Collateral Trustee pursuant to the authority granted under Section 7.9 which has the effect of disproportionately disadvantaging, or otherwise discriminating against, the Secured Commodity Hedging Counterparties relative to the other Secured
Parties without the prior written consent of the Required Commodity Hedging Counterparties, or, if less than all of the Secured Commodity Hedging Counterparties are so disadvantaged or otherwise discriminated against, the prior written consent of
each such Secured Commodity Hedging Counterparty that would be materially and adversely affected thereby. 

  
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 5.3 Refinancings of
Credit Agreement. 
 (a) Subject to the limitations set forth in the applicable Financing Documents (if any), each Loan
Party and each Secured Party acknowledges and agrees that the Credit Agreement may be Refinanced in accordance with this Section 5.3. At any time concurrently with or after the Discharge of Secured Obligations (or the Discharge of
Secured Obligations other than Additional Obligations), either of the Borrowers thereafter enter into a Refinancing of the Credit Agreement (a “Replacement Credit Agreement”) and any related Loan Documents (as defined in the
Replacement Credit Agreement), then such Discharge of Secured Obligations (or the Discharge of Secured Obligations other than Additional Obligations), as applicable, shall automatically be deemed not to have occurred for all purposes of this
Agreement (other than with respect to any actions taken as a result of the occurrence of such first Discharge of Secured Obligations (or the Discharge of Secured Obligations other than Additional Obligations)), and the Replacement Credit Agreement
and related Loan Documents (as defined in the Replacement Credit Agreement) and the obligations under such Replacement Credit Agreement and related Loan Documents (as defined in the Replacement Credit Agreement) shall automatically be treated as
“Secured Obligations”, “Loans”, “Letters of Credit”, “Commitments”, a “Credit Agreement”, and “Loan Documents”, as applicable, and the parties and agents thereto “Lenders”,
“Lender Parties” and “Secured Parties”, as applicable, for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth herein, and the new administrative agent or
trustee thereunder, if any (the “New Administrative Agent”) shall automatically be treated as the “Administrative Agent” hereunder and the New Collateral Trustee (as defined below) shall be appointed hereunder as the
“Collateral Trustee” for all purposes of this Agreement. Upon receipt of a notice (the “New indebtedness Notice”) stating that the Borrowers have entered into a new Financing Document, which notice shall include the
identity of the new collateral agent (such agent, the “New Collateral Trustee”), the Secured Commodity Hedging Counterparties and all other Secured Parties party hereto at such time shall promptly (a) enter into such documents
and agreements (including amendments or supplements to this Agreement) as the Company or such New Collateral Trustee shall reasonably request in order to provide to the New Collateral Trustee the rights contemplated hereby, in each case consistent
in all material respects with the terms of this Agreement and (b) deliver to the New Collateral Trustee any Pledged Collateral held by it together with any necessary endorsements (or otherwise allow the New Collateral Trustee to obtain control
of such Pledged Collateral). 
 (b) Upon termination of the Credit Agreement, including in connection with any amendment and
restatement or Refinancing, the Liens securing the Secured Commodity Hedging Counterparties and, if set forth in the applicable Financing Documents, the Liens securing any Additional Obligations shall survive. 

5.4 Notices; Certain Actions. So long as any Secured Obligations remain outstanding in respect of more than one class of Secured
Parties, the following provisions shall apply: 
 (a) Each Secured Representative hereby agrees to give,
pursuant to the terms set forth in the Financing Documents, the Collateral Trustee and each other Secured Representative prompt written notice of the occurrence of (i) any Event of Default under such Person’s Financing Documents, as
applicable, of which such Person has written notice, and (ii) acceleration of the maturity of any Secured Obligations under any of the Financing Documents for which it acts as a Secured Representative wherein such Secured Obligations have been
declared to be or have automatically become due and payable prior to the scheduled maturity thereof or termination date thereunder (or similar remedial actions including demands for cash collateral, have been taken) and setting forth the aggregate
amount of Secured Obligations (including the Outstanding Amount (calculated both with and without giving effect to the proviso to the definition of such term)) that have been so accelerated under such Financing Documents, in each case, as soon as
practicable after the occurrence thereof (and, in any event, within five Business Days after the occurrence thereof); provided, however, that the failure to provide such notice shall not limit or impair the rights of the Secured
Parties, or the obligations of the Borrowers or any other Loan Party, hereunder or under the other Financing Documents. No Agent or any other Secured Representative shall be deemed to have knowledge or notice of the occurrence of an Event of Default
under the Financing Documents to which it is a party until such Agent 

  
 20 

 
or such other Secured Representative has received a written notice of such Event of Default from any other Agent or any other such Secured Representative, the relevant Borrower, the other Loan
Parties or any other Secured Party for whom such Agent or such Secured Representative is acting as representative, agent or trustee. 
 (b) The Collateral Trustee hereby agrees to give each Secured Representative written notice of the occurrence of an Event of Default promptly following receipt thereof of written notice to it and provide
a copy of all other information provided to it by the Company or any other Loan Party under the Security Documents upon request. 
 (c) Each Loan Party hereby agrees that, at any time and from time to time, at its sole cost and expense, it shall promptly execute and deliver all further agreements, instruments, documents and
certificates and take all further action that may be necessary in order to fully effect the purposes of this Agreement and the Security Documents (including, to the extent required by any Security Document, the delivery of possession of any
Collateral represented by certificated securities that hereafter comes into existence or is acquired in the future to the Collateral Trustee as pledgee for the benefit of the Secured Parties) and to enable the Collateral Trustee to exercise and
enforce their rights and remedies under the Security Documents with respect to the Collateral or any part thereof. 
 (d) Each of the Secured Commodity Hedging Counterparties agrees that if, at any time and from time to time, any or all of the Credit Agreement is Refinanced in whole or in part, and in connection with any
such Refinancing it is necessary (as reasonably determined by the Company) for the parties to enter into one or more new agreement(s) setting forth the agreements of the parties with respect to certain intercreditor arrangements, guarantees or new
collateral or security documents, it shall execute such agreements and documents as the Company may reasonably request in respect thereof to the extent that such agreements and documents are otherwise in accordance with the terms of the Secured
Commodity Hedging Agreement to which it is a party (it being acknowledged and agreed that any intercreditor arrangements, guarantees or new collateral or security documents which contain materially the same provisions as the then existing comparable
agreements and that do not have the effect of disproportionately disadvantaging, or otherwise discriminating against, such Secured Commodity Hedging Counterparty to any greater extent than in the existing comparable agreements, shall be deemed to be
acceptable to such Secured Commodity Hedging Counterparty); provided that, notwithstanding any provision in this clause to the contrary, no Secured Commodity Hedging Counterparty shall be obligated to execute any intercreditor, collateral,
security, guarantee or other document unless any applicable Security Documents secure the Loan Parties’ obligations to such Secured Commodity Hedging Counterparty on a First Lien pari passu basis with the other Secured Obligations as
contemplated by this Agreement as in effect on the date hereof. 
 5.5 Letters of Credit; Cash Collateral Accounts;
Acknowledgment of Security Interest. 
 (a) Subject to the terms of this Section 5.5(a), nothing contained in
this Agreement shall be construed (i) to impair the rights of any Secured Commodity Hedging Counterparty to exercise its rights and remedies with respect to any cash collateral pledged for its sole benefit or as a beneficiary under and pursuant
to any Other Credit Support issued or pledged in its favor in accordance with the terms of all of the Financing Documents, (ii) to impair the rights of any Commodity Hedging Counterparty to exercise any of its rights and remedies as an
unsecured creditor under any or all Secured Hedging Agreements, subject to Section 3.1(b), or (iii) to impair the rights of any Secured Commodity Hedging Counterparty to exercise its rights to setoff and net amounts under and among
any Secured Hedging Agreement to which it is a party in accordance with the terms thereof; provided that each Secured Commodity Hedging Counterparty agrees that it shall only exercise such rights of setoff and netting, in the case of any
Secured Commodity Hedging Counterparty, among amounts owing by or to such Secured Commodity Hedging Counterparty under any Secured Commodity Hedging Agreements to which it is a party. 

  
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 (b) Notwithstanding
anything to the contrary, in the event any cash collateral accounts are established in connection with cash collateralizing Letters of Credit as contemplated by the definition of Discharge of Secured Obligations and the definition of Discharge of
Credit Agreement Obligations or as otherwise contemplated by the Financing Documents, such cash collateral account shall only be for the benefit of the particular Secured Party or Secured Parties who issued or have participation interests in such
Letters of Credit being cash collateralized. 
 (c) Each of the Secured Commodity Hedging Counterparties hereby acknowledges and
consents to the applicable Loan Party’s collateral assignment (subject to Section 5.5(a)) for the benefit of the Secured Parties of such Loan Party’s rights, title and interest, in, to and under each of the Secured Commodity
Hedging Agreements to which it is a party. 
 5.6 Additional Obligations. 

(a) Subject to the limitations set forth in the Financing Documents, each Loan Party and each Secured Party acknowledges and agrees that
the Collateral may secure additional obligations of the Borrowers and the other Loan Parties in respect of (i) the Refinancing of the Credit Agreement in accordance with Section 5.3, (ii) Secured Commodity Hedging Agreements,
(iii) Secured Hedging Agreements, and (iv) Additional Obligations, in each case subject to compliance with this Section 5.6. Upon (x) execution and delivery to the Collateral Trustee of an Accession Agreement by the
Persons to whom the obligations referred to in the immediately precedent sentence are owed (or by the agent, trustee or representative representing such Person), (y) compliance with the procedures set forth in clause (b) below, and
(z) upon satisfaction of all requirements set forth in this Agreement and the Security Documents as to the confirmation, grant or perfection of the Collateral Trustee’s Lien to secure such obligations, such Persons shall become
“Secured Parties” hereunder, and the Loan Parties’ obligations to such Persons shall become “Secured Obligations” hereunder, such Refinancing of the Credit Agreement, Secured Commodity Hedging Agreements, Secured Hedging
Agreements, or Additional Obligations, as applicable, and all of the Loan Parties’ obligations in respect of thereof, shall become “Secured Obligations” hereunder, and the agreements evidencing, governing or representing such
obligations shall become “Financing Documents” hereunder. Each Loan Party and each Secured Party agrees that this Agreement and the applicable Security Documents may be amended by the Loan Parties and the Collateral Trustee without the
consent of any Secured Party, and each Secured Party hereby authorizes the Collateral Trustee to execute any such amendments, to the extent deemed by the Collateral Trustee necessary or desirable to (i) effectuate the intent of this
Section 5.6, (ii) cause the Liens granted thereby to secure all such Secured Obligations (to the extent Liens in favor of such Persons are permitted (if addressed therein, or, otherwise, not prohibited) by the terms of the Credit
Agreement and by the terms of all of the other applicable Financing Documents) and (iii) cause such Persons to constitute and have all rights and benefits of Secured Parties under this Agreement and the other Security Documents. 

(b) With respect to any additional obligations referred to in Section 5.6(a) above to be secured hereunder after the date
hereof, the Company will be permitted to designate as an additional holder of Secured Obligations hereunder each Person who is, or who becomes, the holder of Secured Obligations (and the agent, trustee or representative acting on behalf of such
holder) incurred by the Borrowers or a Subsidiary Grantor in accordance with and as permitted (if addressed therein, or, otherwise, not prohibited) by the terms of the Credit Agreement and by the terms of the other applicable Financing Documents.
The Company may effect such designation by delivering to the Collateral Trustee, with copies to each Secured Representative, each of the following: 
 (1) a certificate of a Responsible Officer of the Company stating that the Company or the relevant Subsidiary Grantor intends, as applicable, 

(A) to enter into a Secured Commodity Hedging Agreement, and that such additional obligations (i) are Eligible
Commodity Hedging Obligations, (ii) will be Secured Obligations and (iii) are permitted (if 

  
 22 

 
addressed therein, or, otherwise, not prohibited) by the terms of the Credit Agreement and by the terms of the other applicable Financing Documents to be incurred by the relevant Loan Party and
secured by a First Lien equally and ratably with all previously existing and future Secured Obligations, or 

(B) to incur Additional Obligations or enter into a Refinancing of the Credit Agreement or a Replacement Credit
Agreement, which obligations (i) will be Secured Obligations and (ii) are permitted (if addressed therein, or, otherwise, not prohibited) by the terms of the Credit Agreement and by the terms of the other applicable Financing Documents to
be incurred by the relevant Loan Party and secured with a First Lien equally and ratably with all previously existing and future Secured Obligations; and 
 (2) a written notice specifying the name and address of the Secured Representative for such additional obligations for purposes of this Agreement. 

(c) Notwithstanding the foregoing, nothing in this Agreement will be construed to allow any Loan Party to incur additional indebtedness
or grant additional Liens unless in each case otherwise permitted (if addressed therein, or, otherwise, not prohibited) by the terms of the Credit Agreement and by the terms of all other applicable Finance Documents. 

SECTION 6. Insolvency or Liquidation Proceedings. 
 6.1 Finance and Sale Issues. If the Company or any other Loan Party shall be subject to any Insolvency or Liquidation Proceeding and the Collateral Trustee (acting at the direction of the Required
Secured Parties) shall desire to permit the use of “Cash Collateral” (as such term is defined in Section 363(a) of the Bankruptcy Code), on which the Collateral Trustee or any other creditor has a Lien or to permit the Company
or any other Loan Party to obtain financing, whether from the Secured Parties or any other Person under Section 364 of the Bankruptcy Code or any similar Bankruptcy Law (“DIP Financing”), then the Administrative Agent (on
behalf of itself and the Lender Parties), each Secured Commodity Hedging Counterparty, and each other Secured Party agrees that such Secured Party (a) will be deemed to have consented to, will raise no objection to, nor support any other Person
objecting to, the use of such Cash Collateral or such DIP Financing so long as (i) each Secured Party retains the right to object to such use of Cash Collateral or to the granting of any priming liens over any Collateral if the terms thereof,
including the terms of adequate protection (if any) granted to the Secured Parties in connection therewith, do not provide for materially equal treatment to all Secured Parties, (ii) the DIP Financing does not expressly require the liquidation
of any Collateral prior to a default under the DIP Financing documentation and (iii) if any Cash Collateral order contemplates the liquidation of Collateral, such order provides that the Liens of the Secured Parties will attach to the proceeds
of such liquidation equally and ratably, (b) will not request or accept adequate protection or any other relief in connection with the use of such Cash Collateral or such DIP Financing, and (c) agrees that notice received two calendar days
prior to the entry of an order approving such usage of Cash Collateral or approving such DIP Financing shall be adequate notice. 
 6.2 Avoidance Issues. If any Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of the Company or any other Loan Party
for any reason, including without limitation because it was found to be a fraudulent or preferential transfer, any amount paid in respect of the Secured Obligations (a “Recovery”), whether received as proceeds of security,
enforcement of any right of set-off or otherwise, then such Secured Party shall be entitled to a reinstatement of Secured Obligations with respect to all such recovered amounts. In such event (a) the Discharge of Secured Obligations or
Discharge of Credit Agreement Obligations, as applicable, shall be deemed not to have occurred and (b) if this Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such
prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto from such date of reinstatement. To the extent that such recovered amount had previously reduced the Eligible Hedging Voting
Amount of any Secured Commodity Hedging Counterparty, then upon reinstatement pursuant to this Section 6.2, such amount shall be added back to such Secured Party’s Eligible Hedging Voting Amount. 

  
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 6.3 Certain
Bankruptcy Rights of Secured Commodity Hedging Counterparties. Notwithstanding anything to the contrary contained herein, but without prejudice to any requirement to distribute Collateral or the proceeds of Collateral among the parties in
accordance with the terms hereof, nothing in this Agreement shall constitute a waiver of, or otherwise impair the exercise of, any rights which the Secured Commodity Hedging Counterparties may have under the following provisions of the Bankruptcy
Code: Section 362(b)(6), (17) and (27), Section 546(e), (g) and (j), Section 556, Section 560 and/or Section 561. 
 SECTION 7. Collateral Trustee. 
 7.1 Appointment. 

(a) U.S. Bank National Association is hereby appointed Collateral Trustee hereunder and under the other Financing Documents and each of
the Administrative Agent (for itself and on behalf of each Lender Party), each Secured Commodity Hedging Counterparty and each other Secured Party hereby authorizes U.S. Bank National Association to act as Collateral Trustee in accordance with the
terms hereof and the other Security Documents. The Collateral Trustee hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Security Documents, as applicable. Each of the Administrative Agent (for
itself and on behalf of each Lender Party), each Secured Commodity Hedging Counterparty and each other Secured Party irrevocably authorizes the Collateral Trustee to take such action on their behalf and to exercise such powers, rights and remedies
hereunder and under the other Security Documents as are specifically delegated or granted to the Collateral Trustee by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. The Collateral
Trustee shall have only those duties and responsibilities that are expressly specified herein and the other Financing Documents. The Collateral Trustee may exercise such powers, rights and remedies and perform such duties by or through its agents or
employees. The Collateral Trustee shall not have, by reason hereof or any of the other Financing Documents, a fiduciary relationship in respect of any Secured Party, and nothing herein or in any of the other Financing Documents, expressed or
implied, is intended to or shall be so construed as to impose upon the Collateral Trustee any obligations in respect hereof or any of the other Financing Documents except as expressly set forth herein or in the other Security Documents. 

(b) Except as expressly set forth in this Section 7, the provisions of this Section 7 are solely for the benefit
of the Collateral Trustee and the Secured Parties, and no Loan Party shall have any rights as a third party beneficiary of any of the provisions hereof. 
 7.2 Delegation of Duties. 
 (a) The Collateral Trustee may exercise any of
its powers, rights and remedies and perform any of its duties under this Agreement and the Financing Documents (including for purposes of holding or enforcing any Lien on the Collateral or any portion thereof granted under the Security Documents or
of exercising any rights or remedies thereunder) by or through its employees, agents or attorneys-in-fact and shall be entitled to advice of counsel and other consultants or experts of its choice concerning all matters pertaining to such duties. The
Collateral Trustee shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact selected by it with reasonable care. 
 (b) The Collateral Trustee may also from time to time, when the Collateral Trustee deems it to be necessary or desirable, appoint one or more trustees, co-trustees, collateral co-agents, collateral
subagents or attorneys-in-fact (each, a “Supplemental Collateral Trustee”) with respect to all or any part of the Collateral; provided, however, that no such Supplemental Collateral Trustee shall be authorized to take
any action with respect to any Collateral unless and except to the extent expressly authorized in writing by such Collateral Trustee. Should any instrument in writing from the Company or any other Loan Party be required by any Supplemental
Collateral Trustee so appointed by the Collateral Trustee to more fully or certainly vest in and 

  
 24 

 
confirm to such Supplemental Collateral Trustee such rights, powers, privileges and duties, the Company shall, or shall cause such Loan Party to, execute, acknowledge and deliver any and all such
instruments promptly upon request by the Collateral Trustee. If any Supplemental Collateral Trustee, or successor thereto, shall die, become incapable of acting, resign or be removed, all rights, powers, privileges and duties of such Supplemental
Collateral Trustee, to the extent permitted by law, shall automatically vest in and be exercised by the Collateral Trustee until the appointment of a new Supplemental Collateral Trustee. No Agent shall be responsible for the negligence or misconduct
of any agent, attorney-in-fact or Supplemental Collateral Trustee that it selects in accordance with the foregoing provisions of this Section 7.2(b) in the absence of such Agent’s gross negligence or willful misconduct (as
determined by a final non-appealable judgment of a court of competent jurisdiction). 
 (c) Any notice, request or other writing
given to the Collateral Trustee shall be deemed to have been given to each Supplemental Collateral Trustee. Every instrument appointing any Supplemental Collateral Trustee shall refer to this Agreement and the conditions of this
Section 7.2. 
 (d) Any Supplemental Collateral Trustee may at any time appoint the Collateral Trustee as its agent
or attorney-in-fact with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf or in its name. 

7.3 Exculpatory Provisions. 
 (a) Neither the Collateral Trustee nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by
any of them under or in connection with this Agreement or any other Financing Document (except for its own or, subject to Section 7.2(a), such Person’s gross negligence or willful misconduct, as determined in the final non-appealable
judgment of a court of competent jurisdiction, in connection with its duties expressly set forth herein) or (b) responsible in any manner to any of the Secured Parties for any recitals, statements, representations or warranties made by either
of the Borrowers, any other Loan Party or any officer thereof contained in this Agreement or any other Financing Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Collateral
Trustee under or in connection with, this Agreement or any other Financing Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Financing Document, or the perfection or
priority of any Lien or security interest created or purported to be created under any of the Financing Documents, or for any failure of the Borrowers or any other Loan Party to perform its obligations hereunder or thereunder. The Collateral Trustee
shall not be under any obligation to any Lender Party to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Financing Document, or to inspect the
properties, books or records of any Loan Party or any Affiliate thereof. The Collateral Trustee shall not be under any obligation to the Administrative Agent, Secured Commodity Hedging Counterparty or any other Secured Party to ascertain or to
inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Financing Document, or to inspect the properties, books or records of any Loan Party. 

(b) The Collateral Trustee shall be entitled to refrain from any act or the taking of any action (including the failure to take an
action) in connection herewith or any of the other Security Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and until the Collateral Trustee shall have received a direction of the
Controlling Secured Representative and, upon receipt of such direction the Collateral Trustee shall be entitled to act or (where so instructed) refrain from acting, or to exercise such power, discretion or authority, in accordance with such
directions. Without prejudice to the generality of the foregoing; (i) the Collateral Trustee shall be entitled to rely, and shall be fully protected in relying, upon any communication, instrument or document believed by it to be genuine and
correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of attorneys (who may be attorneys for a Loan Party), accountants, experts and other
professional 

  
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advisors selected by it; (ii) no Secured Party shall have any right of action whatsoever against the Collateral Trustee as a result of the Collateral Trustee acting or (where so instructed)
refraining from acting hereunder or any of the other Security Documents in accordance with a direction of the Controlling Secured Representative; and (iii) the Collateral Trustee shall be fully protected in performing (and is hereby authorized
by the Secured Parties to perform) the ministerial and administrative acts contemplated by or expressly provided in the Security Documents. Whenever in the administration of this Agreement the Collateral Trustee shall deem it necessary or desirable
that a factual or legal matter be proved or established in connection with the Collateral Trustee taking, suffering or omitting to take any action hereunder, such matter (unless other evidence in respect thereof is herein specifically prescribed)
may be deemed to be conclusively proved or established by a certificate of a Responsible Officer of the Company or, if appropriate, from a legal opinion from counsel to the Company. 

(c) Beyond the exercise of reasonable care in the custody thereof and is otherwise specifically set forth herein, the Collateral Trustee
shall not have any duty as to any of the Collateral in its possession or control or in the possession or control of any agent or bailee or any income thereon or as to preservation of rights against prior parties or any other rights pertaining
thereto and the Collateral Trustee shall not be responsible for filing any financing or continuation statements or recording any documents or instruments in any public office at an time or times or otherwise perfecting or maintaining the perfection
of any security interest in the Collateral. The Collateral Trustee shall not be liable or responsible for any loss or diminution in the value of any of the Collateral, by reason of the act or omission of any carrier forwarding agency or other agent
or bailee selected by the Collateral Trustee in good faith. 
 (d) The Collateral Trustee shall be fully justified in failing or
refusing to take any action under this Agreement or under any other Security Document (i) if such action would, in the reasonable opinion of the Collateral Trustee, be contrary to Applicable Law or the terms of this Agreement or (ii) if
such action is not specifically provided for in this Agreement or under any other Security Document, it shall not have received a direction of the Controlling Secured Representative to take such action. 

7.4 Notice of Event of Default. The Collateral Trustee shall not be deemed to have knowledge or notice of the occurrence of any
Default or Event of Default unless the Collateral Trustee has received notice from a Secured Party or a Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of
default”. In the event that the Collateral Trustee receives such a notice, it shall give notice thereof to the Secured Representatives. 
 7.5 Non-Reliance on Collateral Trustee and Other Secured Parties. Each of the Administrative Agent (on behalf of itself and each Lender Party), each Secured Commodity Hedging Counterparty and each
other Secured Party expressly acknowledges that neither the Collateral Trustee nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by the Collateral
Trustee hereinafter taken, including any review of the affairs of the Borrowers or any other Loan Party, shall be deemed to constitute any representation or warranty by the Collateral Trustee to such Person. Each of the Administrative Agent (on
behalf of itself and each Lender Party), each Secured Commodity Hedging Counterparty and each other Secured Party represents to the Collateral Trustee that it has, independently and without reliance upon the Collateral Trustee or any other Secured
Party, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Borrowers and each other
Loan Party and made its own decision to make its extensions of credit under the Financing Documents and enter into this Agreement. Each of the Administrative Agent (on behalf of itself and each Lender Party), each Secured Commodity Hedging
Counterparty and each other Secured Party also represents that it will, independently and without reliance upon the Collateral Trustee or any other Secured Party, and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Financing Documents, and to make such investigation as it deems necessary to inform itself as to the business,
operations, property, financial and other condition and creditworthiness of the Borrowers and each other Loan Party. The Collateral Trustee shall 

  
 26 

 
have no duty or responsibility to provide any Secured Party with any credit or other information concerning the business, assets, operations, properties, financial condition, prospects or
creditworthiness of the Borrowers or any other Loan Party that may come into the possession of the Collateral Trustee or any of its respective officers, directors, employees, agents, attorneys-in-fact or Affiliates. 

7.6 Collateral Trustee in Individual Capacity. The Collateral Trustee and its Affiliates may make loans to, accept deposits from
and generally engage in any kind of business with the Borrowers and any other Loan Party as though the Collateral Trustee were not a Collateral Trustee hereunder and under the other Financing Documents. With respect to the loans made by it, the
Collateral Trustee shall have the same rights and powers under the Credit Agreement and the other Financing Documents as any Secured Party and may exercise the same as though it were not a Collateral Trustee, and the terms “Lender Party”
and “Lender Parties” shall include the Collateral Trustee in its individual capacity and under the Loan Documents. 

7.7 Successor Collateral Trustees. The Collateral Trustee may at any time give notice of its resignation to the Secured Parties or
their Secured Representatives and the Company. Upon receipt of any such notice of resignation, the Controlling Secured Representative shall have the right, subject to the consent of the Company (not to be unreasonably withheld or delayed) so long as
no Default under Section 11.1 or 11.5 of the Credit Agreement is continuing, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States.
If no such successor shall have been so appointed by the Controlling Secured Representative and shall have accepted such appointment within 30 days after the retiring Collateral Trustee gives notice of its resignation, then the retiring
Collateral Trustee may on behalf of the Secured Parties, appoint a successor Collateral Trustee meeting the qualifications set forth above; provided that if the Collateral Trustee shall notify the Secured Parties (or their Secured
Representative) and the Company that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (x) the retiring Collateral Trustee shall be discharged from
its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Collateral Trustee on behalf of the Secured Parties under any of the Loan Documents, the retiring Collateral
Trustee shall continue to hold such collateral security, until such time as a successor Collateral Trustee is appointed, and (y) all payments, communications and determinations provided to be made by, to or through such Collateral Trustee shall
instead be made by or to each Secured Party under any of the Financing Documents directly, until such time as the Controlling Secured Representative with (except after the occurrence and during the continuation of a Default or Event of Default) the
consent of the Company (not to be unreasonably withheld) appoint a successor Collateral Trustee as provided for above in this paragraph. Upon the acceptance of a successor’s appointment as the Collateral Trustee hereunder, and upon the
execution and filing or recording of such financing statements, or amendments thereto, and such amendments or supplements to the Mortgages, and such other instruments or notices, as may be necessary or desirable, or as the Controlling Secured
Representative may request, in order to continue the perfection of the Liens granted or purported to be granted by the Security Documents, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the
retiring (or retired) Collateral Trustee, and the retiring Collateral Trustee shall be discharged from all of its duties and obligations hereunder or under the other Financing Documents (if not already discharged therefrom as provided above in this
Section). The fees payable by the Company (following the effectiveness of such appointment) to such Collateral Trustee shall be the same as those payable to its predecessor unless otherwise agreed between the Company and such successor. After the
retiring Collateral Trustee’s resignation hereunder and under the other Financing Documents, the provisions of this Section 7 shall continue in effect for the benefit of such retiring Collateral Trustee, its sub-agents and their
respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Collateral Trustee was acting as the Collateral Trustee. 
 7.8 Security Documents. 
 (a) Agents under Security Documents and
Guarantee. Each of the Administrative Agent (on behalf of itself and each Lender Party), each Secured Commodity Hedging Counterparty and each other Secured Party 

  
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hereby further authorizes the Collateral Trustee, on behalf of and for the benefit of the Secured Parties, to be the agent for and representative of the Secured Parties with respect to the
Collateral and the Security Documents. 
 (b) Right to Realize on Collateral and Enforce Guarantee. Anything contained in
any of the Financing Documents to the contrary notwithstanding, the Borrowers, the Collateral Trustee and each Secured Party hereby agree that (i) no Secured Party shall have any right individually to realize upon any of the Collateral or to
enforce the Guarantee Agreement, it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by the Collateral Trustee, on behalf of the Secured Parties in accordance with the terms hereof and all powers,
rights and remedies under the Security Documents and the Guarantee Agreement may be exercised solely by the Collateral Trustee and (ii) in the event of a foreclosure by the Collateral Trustee on any of the Collateral pursuant to a public or
private sale or other disposition, the Collateral Trustee or any Secured Party may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition and the Collateral Trustee, as agent for and representative of the
Secured Parties (but not any Secured Party or Secured Parties in its or their respective individual capacities unless the Controlling Secured Representative shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making
settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Secured Obligations as a credit on account of the purchase price for any Collateral payable by the
Collateral Trustee at such sale or other disposition. 
 7.9 Indemnification. Each Lender Party (through the
Administrative Agent), each Secured Commodity Hedging Counterparty and each other Secured Party agrees to indemnify the Collateral Trustee, in its capacity as such (to the extent not reimbursed by the Loan Parties and without limiting the obligation
of the Loan Parties to do so), ratably according to their respective portions of the Secured Obligations in effect on the date on which indemnification is sought, from and against any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time occur, be imposed on, incurred by or asserted against the Collateral Trustee in any way relating to or arising out of this Agreement, any of the
other Financing Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Collateral Trustee under or in connection with any of the foregoing;
provided that no Secured Party shall be liable to the Collateral Trustee for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from
the Collateral Trustee’s gross negligence or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction (SUBJECT TO THE PROVISO BELOW, WHETHER OR NOT CAUSED BY OR ARISING IN WHOLE OR IN PART, OUT
OF THE COMPARATIVE, CONTRIBUTORY OR SOLE ORDINARY NEGLIGENCE OF THE INDEMNIFIED PARTY); provided, further, that no action taken or omitted to be taken in accordance with the directions of the Controlling Secured Representative (or
such other number or percentage of the Secured Parties as shall be required) shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section 7.10. In the case of any investigation, litigation or
proceeding giving rise to any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time occur, this Section 7.10 applies whether any such
investigation, litigation or proceeding is brought by any Secured Party or any other Person. Without limitation of the foregoing, each Secured Party shall reimburse the Collateral Trustee upon demand for its ratable share of any costs or
out-of-pocket expenses (including attorneys’ fees) incurred by the Collateral Trustee in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal
proceedings or otherwise) of, or legal advice rendered in respect of rights or responsibilities under, this Agreement, any other Financing Document, or any document contemplated by or referred to herein, to the extent that the Collateral Trustee is
not reimbursed for such expenses by or on behalf of the Borrowers; provided that such reimbursement by the Secured Party shall not affect the Borrowers’ continuing reimbursement obligations with respect thereto. If any indemnity
furnished to the Collateral Trustee for any purpose shall, in the opinion of the Collateral Trustee, be insufficient or become impaired, the Collateral Trustee may call for additional indemnity and cease, or not commence, to do the acts indemnified
against until such additional indemnity is furnished; provided in no event shall this sentence require any Secured Party to indemnify the 

  
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Collateral Trustee against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement in excess of such Secured Party’s pro rata portion
thereof; and provided further, this sentence shall not be deemed to require any Secured Party to indemnify the Collateral Trustee against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement
resulting from the Collateral Trustee’s gross negligence or willful misconduct (as determined by a final non-appealable judgment of a court of competent jurisdiction). The agreements in this Section 7.10 shall survive the
termination of this Agreement. 
 SECTION 8. Reliance; Waivers; Etc. 

8.1 Reliance. Other than any reliance on the terms of this Agreement, the Administrative Agent (on behalf of itself and each
Lender Party) acknowledges that it has, independently and without reliance on any Secured Commodity Hedging Counterparty and based on documents and information deemed by it appropriate, made its own credit analysis and decision to enter into such
Financing Documents and be bound by the terms of this Agreement and it will continue to make its own credit decision in taking or not taking any action under the Financing Document or this Agreement. Each Secured Commodity Hedging Counterparty
acknowledges that it has independently and without reliance on the Administrative Agent or any other Secured Party, and based on documents and information deemed by it appropriate, made its own credit analysis and decision to enter into each of the
Financing Documents and be bound by the terms of this Agreement and it will continue to make its own credit decision in taking or not taking any action under the Financing Documents. 

8.2 No Warranties or Liability. 
 (a) The Administrative Agent (on behalf of itself and each Lender Party) acknowledges and agrees that no Secured Commodity Hedging Counterparty has made any express or implied representation or warranty,
including with respect to the execution, validity, legality, completeness, collectibility or enforceability of any of any Secured Commodity Hedging Agreement, the ownership of any Collateral or the perfection or priority of any Liens thereon. Except
as otherwise expressly provided herein, the Secured Parties will be entitled to manage and supervise their respective loans and extensions of credit under the Financing Documents in accordance with law and as they may otherwise, in their sole
discretion, deem appropriate. 
 (b) Except as otherwise provided herein, each Secured Commodity Hedging Counterparty
acknowledges and agrees that none of the Administrative Agent nor any Lender Party has made express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or enforceability of
any of the Loan Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon. Except as otherwise expressly provided herein, the Secured Commodity Hedging Counterparty will be entitled to manage and supervise their
respective transactions under their respective Secured Commodity Hedging Agreement in accordance with law and as they may otherwise, in their sole discretion, deem appropriate. 

8.3 Obligations Unconditional. All rights, interests, agreements and obligations of each of the Collateral Trustee, the
Administrative Agent and the Secured Parties, respectively, hereunder shall remain in full force and effect irrespective of: 
 (a) any lack of validity or enforceability of any Financing Documents; 
 (b) except as otherwise expressly set forth in this Agreement, any change in the time, manner or place of payment of, or in any other terms of, all or any of the Secured Obligations or any amendment or
waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of any Financing Document; 
 (c) except as otherwise expressly set forth in this Agreement, any exchange of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in
writing or by course of conduct or otherwise, of all or any of the Secured Obligations or any guarantee thereof; 

  
 29 

  
 (d)
the commencement of any Insolvency or Liquidation Proceeding in respect of the Company or any other Loan Party; or 
 (e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, the Company or any other Loan Party in respect of the Collateral Trustee, the Secured Obligations,
or any Secured Party. 
 SECTION 9. Miscellaneous. 

9.1 Conflicts. In the event of any conflict between the provisions of this Agreement and the provisions of any other Financing
Document, the provisions of this Agreement shall govern and control. 
 9.2 Effectiveness; Continuing Nature of this
Agreement; Severability. 
 (a) This Agreement shall become effective when executed and delivered by each of the parties
hereto. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency or Liquidation Proceeding. 
 (b) Any provision of this Agreement 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. All references to any Loan Party shall include such
Loan Party as debtor and debtor-in-possession and any receiver or trustee for such Loan Party (as the case may be) in any Insolvency or Liquidation Proceeding. 
 (c) This Agreement shall terminate and be of no further force and effect on the date of Discharge of Secured Obligations, subject to the rights of the Collateral Trustee, the Administrative Agent and the
Secured Parties under Sections 5.3 and 6.2. 
 9.3 Amendments; Waivers. 

(a) Subject to Section 9.3(b), Section 9.3(c), Section 9.3(d) and Section 5.6, no
amendment, modification or waiver of any of the provisions of this Agreement shall be deemed to be made unless the same shall be in writing signed on behalf of each party required to consent thereto or their authorized Secured Representatives and
each waiver, if any, shall be a waiver only with respect to the specific instance involved and shall in no way impair the rights of the parties making such waiver in any other respect or at any other time. 

(b) Notwithstanding the other provisions of this Section 9.3 or any other provision of the Security Documents, the Borrowers,
the Subsidiary Grantors and the Collateral Trustee may (but shall have no obligation to) amend or supplement this Agreement or the Security Documents without the consent of any other Secured Party: (i) to cure any ambiguity, defect or
inconsistency; (ii) to make any change that would provide any additional rights or benefits to the Secured Parties; (iii) to make, complete or confirm any grant of Collateral permitted or required by this Agreement or any of the Security
Documents or any release of any Collateral or guarantee that is otherwise permitted under the terms of this Agreement and the Credit Agreement and permitted (if addressed therein, or, otherwise, not prohibited) by the terms of the other applicable
Financing Documents; (iv) to correct any typographical errors, drafting mistakes or other similar mistakes that do not modify the intended rights and obligations of the parties hereto; (v) to provide for additional obligations of the Loan
Parties or Liens securing such obligations to the extent permitted (if addressed therein, or, otherwise, not prohibited) by the terms of the Credit Agreement and by the terms of the other applicable Financing Documents (including with respect to
Liens on only a portion of the Collateral), including to reflect such obligations and Liens in the definitions in Section 1.1, the relative priority of Liens and payments and the provisions herein regarding voting, consents, amendments and
waivers; and (vi) to provide for, evidence or effectuate other actions that are permitted by the Credit Agreement and not otherwise prohibited by this Agreement and the other applicable Financing Documents. 

  
 30 

  
 (c) Notwithstanding
the other provisions of this Section 9.3 or any other provision of the Security Documents, the Borrowers, the Subsidiary Grantors and the Collateral Trustee (at the direction of the Administrative Agent or, following a Non-Controlling
Enforcement Date, the Secured Representative with respect to the Major Non-Controlling Series at such time) may (but shall have no obligation to) amend or amend and restate this Agreement without the consent of any other Secured Party in order to
provide for additional obligations of the Borrowers or any other Loan Party and liens securing such obligations on all or any portion of the Collateral with a priority junior to that of the Secured Parties hereunder, so long as the incurrence of
such obligations and liens is not prohibited by the terms of any Financing Document. The Borrowers, the Subsidiary Grantors and the Collateral Trustee may (but shall have no obligation to) amend, modify or supplement this Agreement and/or any
Security Document, without the consent of any other Secured Party, as may be necessary, in the reasonable opinion of the Collateral Trustee and the Company, to effect the provisions of Sections 5.3 and 5.6 of this Agreement, or to
effect the entry by the Collateral Trustee into any additional intercreditor agreement to the extent not prohibited by the terms of any Financing Document. 
 (d) Notwithstanding the other provisions of this Section 9.3 or any other provision of the Security Documents, but subject to the provisions of Section 5.2 hereof, this Agreement
may be amended by a writing executed by the Borrowers and the Collateral Trustee (at the direction of the Controlling Secured Representative). 
 9.4 Voting. 
 (a) Without limiting anything contained herein and other
than ministerial and administrative acts contemplated by the Security Documents to which it is a party, until the Discharge of Secured Obligations, the Collateral Trustee shall not take any other action (including the exercise of remedies, the
amendment of Security Documents, the granting of waivers under such Security Documents), or grant its consent under any Security Documents, unless and to the extent directed to do so by the Controlling Secured Representative. If the Collateral
Trustee determines that direction is needed in the taking of any action, it may refrain from taking such action until such directions or instructions are received and shall have no liability to the Secured Parties for so refraining. 

(b) In connection with any act or decision by the Controlling Secured Representative, or Required Lenders or Required Commodity Hedging
Counterparties under this Agreement or any of the Security Documents, (i) the vote of each Lender Party and each other Secured Party party to a Financing Agreement governing Additional Obligations shall be calculated based on the amount of the
Outstanding Amount owed to such Lender Party or such other Secured Party, as applicable, at the time the applicable matter is presented for a vote, (ii) the vote of each Secured Commodity Hedging Counterparty shall be calculated based on the
amount of the Eligible Hedging Voting Amount under the relevant Secured Commodity Hedging Agreement at the time the applicable matter is presented for a vote and (iii) the Collateral Trustee shall be entitled to rely on the applicable Secured
Representative with respect to the vote received from the Secured Parties with respect to which such Secured Representative is acting. 
 9.5 Information Concerning Financial Condition of the Company and its Subsidiaries. The Collateral Trustee, the Administrative Agent and the other Secured Parties shall each be responsible for
keeping themselves informed of (a) the financial condition of the Company and its Subsidiaries and all endorsers and/or guarantors of the Secured Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the
Secured Obligations. No Agent or Secured Party shall have any duty to advise any other Agent or Secured Party of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that any Agent or Secured
Party, in its or their sole discretion, undertakes at any time or from time to time to provide any such information to any other Agent or Secured Party, it or they shall be under no obligation: 

(a) to make, and the Agents and the Secured Parties shall not make, any express or implied representation or warranty,
including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided; 

  
 31 

  
 (b) to
provide any additional information or to provide any such information on any subsequent occasion; 
 (c) to
undertake any investigation; or 
 (d) to disclose any information, which pursuant to accepted or reasonable
commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. 
 9.6 Submission to Jurisdiction. Each party hereto irrevocably and unconditionally: 
 (a) submits for itself and its property in any legal action or proceeding relating to this Agreement, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general
jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 

(b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or
hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by
registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address set forth on Annex I or at such other address of which the Collateral Trustee shall have been notified pursuant to
Section 9.8; 
 (d) agrees that nothing herein shall affect the right to effect service of process
in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; 
 (e) waives,
to the maximum extent not prohibited by Applicable Law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 9.6 any special, exemplary, punitive or consequential damages; and 

(f) agrees that a final judgment in any action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by Applicable Law. 
 9.7 WAIVER OF JURY TRIAL.
EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

9.8 Notices. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing
(including by facsimile), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or three Business Days after being deposited in the mail, postage prepaid, or, in the case of telecopy notice,
when received, addressed to the parties hereto at the addresses set forth on Annex I hereto or, in the case of any Loan Party, at the Company’s address set forth in on Annex I hereto, or, as to each party, at such other
address as may be designated by such party in a written notice to all of the other parties. 
 Each party hereto may, in its
discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.

  
 32 

  
 9.9 Further
Assurances. The Collateral Trustee, on behalf of the Secured Parties, and the Borrowers, agree that each of them shall take such further action and shall execute and deliver such additional documents and instruments (in recordable form, if
requested) as the Collateral Trustee may reasonably request to effectuate the terms contemplated by this Agreement. 
 9.10
APPLICABLE LAW. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

9.11 Binding on Successors and Assigns. This Agreement shall be binding upon the Collateral Trustee, the Secured Parties, and
their respective successors and assigns. 
 9.12 Specific Performance. Each Secured Party may demand specific performance
of this Agreement. Each party hereto hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar the remedy of specific performance in any action which may be brought by any
other Secured Party. 
 9.13 Headings. The Section headings used in this Agreement are for convenience of reference only
and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 
 9.14
Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by telecopy), and all of said counterparts taken together shall be deemed to constitute one and the
same instrument. Delivery of an executed counterpart of a signature page of this Agreement or any document or instrument delivered in connection herewith by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement
or such other document or instrument, as applicable. 
 9.15 Authorization. By its signature, each Person executing this
Agreement on behalf of a party hereto represents and warrants to the other parties hereto that it is duly authorized to execute this Agreement. 
 9.16 No Third Party Beneficiaries. This Agreement and the rights and benefits hereof shall inure to the benefit of each of the parties hereto and its respective successors and assigns and shall
inure to the benefit of each of the Secured Parties. 
 9.17 Provisions Solely to Define Relative Rights. The provisions
of this Agreement are and are intended for the purpose of defining the relative rights of Secured Parties. None of the Borrowers, any Subsidiary Grantor or any other creditor thereof shall have any rights hereunder and neither the Borrowers nor the
Subsidiary Grantors may rely on the terms hereof. Nothing in this Agreement is intended to or shall impair the obligations of the Borrowers or any Subsidiary Grantor, which are absolute and unconditional, to pay the Secured Obligations as and when
the same shall become due and payable in accordance with their terms. 
 9.18 Additional Grantors. Each Borrower and each
Subsidiary Grantor shall cause each direct or indirect Subsidiary of such Borrower that becomes a Subsidiary Grantor at the election of such Borrower or is required by the terms of any Financing Document to become a Subsidiary Grantor to become a
party to this Agreement by causing such Subsidiary to execute and deliver to the parties hereto an Accession Agreement, whereupon such Subsidiary shall be bound by the terms hereof to the same extent as if it had executed and delivered this
Agreement as of the date hereof. Each Borrower and each Subsidiary Grantor shall promptly provide the Collateral Trustee and each Secured Representative with a copy of each Accession Agreement executed and delivered pursuant to this Section.

  
 33 

  
 9.19 Permitted
Secured Commodity Hedging Agreement. Each of the parties acknowledges that nothing in this Agreement limits the Borrowers’ or any Subsidiary Grantor’s rights under any Secured Commodity Hedging Agreement. 

9.20 No Applicability to Instruments Not Secured by Collateral. If either Borrower or any other Loan Party secures its obligations
under any Eligible Commodity Hedging Agreement by granting a Lien on assets not constituting Collateral, then this Agreement shall not apply to such Eligible Commodity Hedging Agreement and the rights and remedies of the counterparty thereto
(including rights of foreclosure, setoff and netting) shall not in any way be limited by this Agreement. 
  
 [rest of page intentionally left blank] 

  
 34 

  
 IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 

 

					
	 GENON ENERGY, INC.,
 as a Borrower

			
	By:	 	 	 	 
		 	Name:	 	
		 	Title:	 	

  

					
	 GENON AMERICAS, INC.,
 as a Borrower

			
	By:	 	 	 	 
		 	Name:	 	
		 	Title:	 	

  

					
	[SUBSIDIARY GRANTORS]
			
	By:	 	 	 	 
		 	Name:	 	
		 	Title:	 	

 Signature Page to Collateral Trust Agreement 

  
 35 

  
 
					
	 JPMORGAN CHASE BANK, N.A.,
 as Administrative Agent

			
	By:	 	 	 	 
		 	Name:	 	
		 	Title:	 	

  
 Signature Page to
Collateral Trust Agreement 

  
 36 

  
 
					
	 U.S. BANK NATIONAL ASSOCIATION,
 as Collateral Trustee

			
	By:	 	 	 	 
		 	Name:	 	
		 	Title:	 	

 Signature Page to Collateral Trust Agreement 

  
 37 

  
 ANNEX I 

ADDRESSES OF PARTIES 
 GenOn
Energy, Inc. 
 GenOn Mirant Americas, Inc. 
 [—] 
 Attention: William Holden 

Email: [—] 
 Fax: [—] 
 Telephone: [—] 
 RRI Energy, Inc. 
 1000 Main Street 
 Houston, TX 77002 
 Facsimile No.: (832) 357-9289 
 Attention: Andrew C. Johannesen 

Copy to: Michael L. Jines 
 JPMorgan Chase
Bank, N.A. 
 1111 Fannin Street, Floor 10 
 Houston, Texas 77002 
 Attention: Loan and Agency Services 

Fax: (713) 427-6307 
 Telephone:
(713) 750-2377 
 Deutsche Bank Trust Company Americas 
 60 Wall Street (NYC60-4305) 
 New York, New York 10005 

Attention: Marcus M. Tarkington 
 Email:
marcus.tarkington@db.com 
 Fax: (212) 250-3080 
 Telephone: (212) 250-6153 
 U.S. Bank National Association 

5555 San Felipe Street, 11th floor 

Houston, Texas 77056 
 Attention: Steven Finklea

 Email: steven.finklea@usbank.com 

Fax: (713) 235-9213 

  
 38 

  
 EXHIBIT A

 FORM OF ACCESSION AGREEMENT 
 THIS ACCESSION AGREEMENT (this “Agreement”), dated as of                     ,
20    , is entered into by             , a             , as an [Additional Secured Party][Additional Loan
Party] (as defined below), and acknowledged by RRI ENERGY (to be renamed GENON ENERGY, INC. on the Closing Date), a Delaware corporation (the “Company”), from and after the Closing Date, Mirant Americas, Inc. (to be renamed GENON
AMERICAS, INC. on the Closing Date), a Delaware corporation (“GAI”; each of GAI and the Company, a “Borrower” and, together, the “Borrowers”) and U.S. BANK NATIONAL ASSOCIATION (“U.S.
Bank”), in its capacity as Collateral Trustee for the Secured Parties, under the Collateral Trust Agreement (as defined below). 
 Reference is made to that certain Collateral Trust Agreement (as amended, modified, restated or supplemented from time to time, the “Collateral Trust Agreement”), dated as of [—], 2010, by and among the Borrowers, the Subsidiary Grantors party thereto from time to time, the Administrative Agent, the Collateral Trustee, the Secured Commodity Hedging Counterparties party thereto
from time to time, and certain other Persons party thereto from time to time. Capitalized terms used herein without definition shall have the meaning assigned to them in the Collateral Trust Agreement. 

OPTION
#1:1 

Pursuant to Section 5.6 of the Collateral Trust Agreement, the Borrowers may designate under the Collateral Trust Agreement
additional obligations as Secured Obligations on the terms and conditions set forth therein. The Collateral Trust Agreement requires that any holder of additional obligations that are designated as Secured Obligations must become a party to the
Collateral Trust Agreement by executing and delivering this Accession Agreement. 
 The undersigned is entering into this
Accession Agreement pursuant to Section 5.6 of the Collateral Trust Agreement in order to become a Secured Party under the Collateral Trust Agreement and the Security Documents, and to benefit from the Collateral under and in accordance with
the terms of the Collateral Trust Agreement and the Security Documents (an “Additional Secured Party”). 
 The
undersigned is [acting as trustee/agent/Administrative Agent/Collateral Trustee for] [[a] Lender(s)] [an additional Secured Party] [a Secured Commodity Hedging Counterparty] under the [describe Replacement Credit Agreement, other agreement(s)
evidencing Refinanced indebtedness, Additional Obligations, Secured Commodity Hedging Agreement, as applicable] (the “Additional Document”). 
 Pursuant to Section 5.6, attached hereto as Annex 1 is a copy of the certificate to be delivered by a Responsible Officer of the Company in accordance with Section 5.6(b)(1) of the Collateral
Trust Agreement. 
 The Additional Secured Party hereby becomes a Secured Party as [Administrative Agent/Collateral Trustee]
[Secured Representative] [a holder of Additional Obligations] [a Secured Commodity Hedging Counterparty]. 
 The Additional
Secured Party hereby agrees for the benefit of the Collateral Trustee and the Secured Parties as follows: 
 The Additional
Secured Party hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Additional Secured Party will be deemed to be a party to the Collateral Trust Agreement, and, from and after the date hereof, shall have all of the
obligations of [a Administrative Agent/Collateral Trustee] 
  

	1	 Use Option #1 if party acceding to the Collateral Trust Agreement is a Secured Party. 

  
 Exh. A-1

 
[Secured Representative] [an additional Secured Party] [a Secured Commodity Hedging Counterparty] thereunder as if it had executed the Collateral Trust Agreement. The Additional Secured Party
hereby ratifies, as of the date hereof, and accedes to and agrees to be bound by, all of the terms, provisions and conditions applicable to a Secured Party and [an Administrative Agent/Collateral Trustee] [Secured Representative] [a holder of
Additional Obligations] [a Secured Commodity Hedging Counterparty] contained in the Collateral Trust Agreement and the other Security Documents. 
 To the extent the Additional Secured Party is an agent or trustee for one or more Secured Parties, the Additional Secured Party acknowledges that it has the authority to bind such Secured Parties to
Collateral Trust Agreement and such Secured Parties are hereby bound by the terms and conditions of the Collateral Trust Agreement. The Additional Secured Party hereby agrees (on behalf of itself and any Secured Party claiming through it) to comply
with the terms of the Collateral Trust Agreement. 
 The address of the Additional Secured Party (and any Secured Representative
for such Additional Secured Party) for purposes of all notices and other communications is                     ,
                    , Attention of
                     (Facsimile
No.                     , electronic mail address:
                    ). 
 The amount of credit to be extended to the Company or the applicable Subsidiary Grantor under Additional Document will be
$[                    
].2 

[In accordance with Sections 5.6 and 9.3(b(v) of the Collateral Trust Agreement, the Collateral Trust Agreement is
hereby amended as follows: [                    ].]3 
 OPTION #2:4

 Pursuant to Section 9.18 of the Collateral Trust Agreement, each direct or indirect Subsidiary of the Company
that becomes a Subsidiary Grantor at the election of the Company or is required to become a Subsidiary Grantor (an “Additional Loan Party”) is required to become a party to the Collateral Trust Agreement. 

The Additional Loan Party has agreed to execute and deliver this Agreement in order to become a party to the Collateral Trust Agreement
and hereby becomes a Subsidiary Grantor and a Loan Party thereunder. 
 The Additional Loan Party hereby agrees for the benefit
of the Collateral Trustee and the Secured Parties as follows: 
 1. The Additional Loan Party hereby acknowledges, agrees and
confirms that, by its execution of this Agreement, the Additional Loan Party will be deemed to be a party to the Collateral Trust Agreement and, from and after the date hereof, shall have all of the obligations of a Subsidiary Grantor and a Loan
Party thereunder as if it had executed the Collateral Trust Agreement. The Additional Loan Party hereby ratifies, as of the date hereof, and accedes to and agrees to be bound by, all of the terms, provisions and conditions applicable to, and assumes
all obligations of, the Subsidiary Grantors and the Loan Parties contained in the Collateral Trust Agreement. 
 2. The address
of the Additional Loan Party for purposes of all notices and other communications is                     ,
                    , Attention of
                     (Facsimile
No.                     , electronic mail address:
                    ). 
  

	2	 Applicable to Additional Obligations only 

	3	 Insert if necessary 

	4	 Use Option #2 if party acceding to the Collateral Trust Agreement is a Subsidiary Grantor. 

  
 Exh. A-2

  
 [3][7]. This Agreement
may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute one contract. 
 [4][8]. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED UNDER, THE LAWS OF THE STATE OF NEW YORK. 

[Signature Page Follows] 

  
 Exh. A-3

  
 IN WITNESS WHEREOF,
the [Additional Secured Party][Additional Loan Party] has caused this Accession Agreement to be duly executed by its authorized representative, and each of the Borrowers and the Collateral Trustee have caused the same to be accepted by its
authorized representative, as of the day and year first above written. 
  

			
	 [ADDITIONAL SECURED PARTY]

[ADDITIONAL LOAN PARTY]

		
	By:	 	  

		 	Name:
		 	Title:
	
	 Acknowledged:

	
	 GENON ENERGY, INC.

		
	By:	 	  

		 	Name:
		 	Title:
	
	 GENON AMERICAS, INC.

		
	By:	 	  

		 	Name:
		 	Title:
	
	Acknowledged and accepted:
	
	 U.S. BANK NATIONAL ASSOCIATION,

as Collateral Trustee

		
	By:	 	  

		 	Name:
		 	Title:

  
 ANNEX 1 

Company’s Certificate/New indebtedness Notice 

  
 EXHIBIT D 

FORM OF 

COMPLIANCE CERTIFICATE 
 This Compliance Certificate (this “Certificate”) is delivered pursuant to Section 6.3 of the Credit Agreement, dated as of September 20, 2010 (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among RRI Energy, Inc. (to be renamed GenOn Energy, Inc. on the Closing Date), a Delaware corporation (the “Company”), from and after the Closing Date,
Mirant Americas, Inc. (to be renamed GenOn Americas, Inc. on the Closing Date), a Delaware corporation (together with the Company, each, a “Borrower” and together, the “Borrowers”), the Lenders party thereto, the
Co-Syndication Agents and Co-Documentation Agents named therein and JPMorgan Chase Bank, N.A., as Administrative Agent. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in
the Credit Agreement. 
 1. I am the duly elected, qualified and acting [Chief Executive Officer] [President] [Chief Financial
Officer] [Treasurer] [Controller] of the Company. 
 2. I have reviewed and am familiar with the contents of this Certificate.

 3. During the accounting period covered by the financial statements attached hereto as Attachment 1 (the
“Financial Statements”), each Loan Party has complied with the terms of the Credit Agreement and the other Loan Documents to which it is a party. I have no knowledge of the existence during or at the end of the accounting period
covered by the Financial Statements, and I have no knowledge of the existence, as of the date of this Certificate, of any condition or event which constitutes a Default or Event of Default[, except as set forth below]. 

4. Attached hereto as Attachment 2 are the computations showing compliance with the financial covenant set forth in
Section 7.1 of the Credit Agreement. 
 IN WITNESS WHEREOF, I have executed this Certificate this [—] day of [—]. 
  

	
	  

	 Name:

	 Title:

  
 Attachment 1 

to Compliance Certificate 
 [Attach Financial Statements] 

  
 Attachment 2 

to Compliance Certificate 
 The information described herein is as of [—] and pertains to the period from [—] to [—]. 
 [Set forth financial covenant calculations] 

  
 EXHIBIT E-1 

FORM OF 
 CLOSING
CERTIFICATE 
 (Chief Financial Officer) 
 Pursuant to Section 5.1(b) of the Credit Agreement, dated as of September 20, 2010 (the “Credit Agreement”; terms defined therein being used herein as therein defined), among
RRI Energy, Inc. (to be renamed GenOn Energy, Inc. on the Closing Date), a Delaware corporation (the “Company”), from and after the Closing Date, Mirant Americas, Inc. (to be renamed GenOn Americas, Inc. on the Closing Date), a
Delaware corporation (each, a “Borrower” and together, the “Borrowers”), the Lenders party thereto, the Co-Syndication Agents and Co-Documentation Agents named therein and JPMorgan Chase Bank, N.A., as
Administrative Agent, the undersigned Chief Financial Officer of the Company hereby certifies on behalf of the Company, and not in [his][her] individual capacity, as follows: 
 1. Each of the representations and warranties of the Loan Parties set forth in each of the Loan Documents to which it is a party are true and correct in all material respects on and as of the date hereof
with the same effect as if made on the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier date.

 2. No Default or Event of Default has occurred and is continuing as of the date hereof or after giving pro forma effect to the Transaction
and the extensions of credit requested to be made on the date hereof and the application of proceeds therefrom. 
 3. The conditions precedent
set forth in Section 5.1 of the Credit Agreement were satisfied prior to, or will be satisfied concurrently with, the making of extensions of credit on the Closing Date (except to the extent a condition is required to be satisfactory or
reasonably satisfactory to the Administrative Agent or Arrangers (in which case the undersigned believes any such condition to have been so satisfied) or to the extent waived in writing). 
 4. I have made, or have caused to be made under my supervision, such examination or investigation as is necessary to enable me to express an informed opinion as it relates to my certifications herein.

 5. Based upon the review and examination described in paragraph 4 immediately above, I certify that (a) as of the date hereof,
immediately after the consummation of the Transactions to occur on the Closing Date, (i) the fair value of the assets of the Company and its Subsidiaries on a consolidated basis, at a fair valuation, exceeds the debts and liabilities,
subordinated, contingent or otherwise, of the Company and its Subsidiaries on a consolidated basis (it being understood that the amount of contingent liabilities at any time shall be computed as the amount that, in light of all the facts and
circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability) as such debts and liabilities become absolute and matured; (ii) the present fair saleable value of the property
of the Company and its Subsidiaries on a consolidated basis is greater than the amount required to pay the probable liability of the debts and other liabilities, subordinated, contingent or otherwise, of the Company and its Subsidiaries on a
consolidated basis (it being understood that the amount of contingent liabilities at any time shall be computed as the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be
expected to become an actual or matured liability) as such debts and other liabilities become absolute and matured; (iii) the Company and its Subsidiaries on a consolidated basis are able to pay their debts and liabilities, subordinated,
contingent or otherwise, as such debts and liabilities become absolute and matured; and (iv) the Loan Parties do not have unreasonably small capital with which to conduct the business in which they are engaged as such business is now conducted
and is proposed to be conducted after the Closing Date; and (b) the Company and its Subsidiaries on a consolidated basis do not believe that they will incur debts beyond their ability to pay such debts as they mature, taking into account the
timing of and amounts of cash to be received by them (whether from anticipated refinancing, asset sales, capital contributions or otherwise) and the timing of the amounts of cash to be payable on or in respect of their debts. 

  
 IN WITNESS WHEREOF,
the undersigned has executed this Closing Certificate as of the date set forth below. 
  

			
	 RRI ENERGY, INC.

		
	By:	 	  

	Name:	 	
	Title:	 	Chief Financial Officer

 Date:
                     

  
 EXHIBIT E-2 

FORM OF SECRETARY’S CERTIFICATE 
 Pursuant to Section 5.1(b) of the Credit Agreement, dated as of September 20, 2010 (the “Credit Agreement”; terms defined therein being used herein as therein defined), among
RRI Energy, Inc. (to be renamed GenOn Energy, Inc. on the Closing Date), a Delaware corporation, from and after the Closing Date, Mirant Americas, Inc. (to be renamed GenOn Americas, Inc. on the Closing Date), a Delaware corporation (each, a
“Borrower” and together, the “Borrowers”), the Lenders party thereto, the Co-Syndication Agents and Co-Documentation Agents named therein and JPMorgan Chase Bank, N.A., as Administrative Agent, the undersigned
Secretary of [INSERT NAME OF LOAN PARTY] (the “Certifying Loan Party”) hereby certifies on behalf of the Certifying Loan Party and not in [his][her] individual capacity, as follows: 

6. Attached hereto as Annex 1 is a true and complete copy of resolutions duly adopted by the [Board of Directors] [Members] of the Certifying Loan
Party on [—]. Such resolutions have not in any way been amended, modified, revoked or rescinded, have been in full force and effect since their adoption to and including the date hereof and are now
in full force and effect and are the only [corporate/company] proceedings of the Certifying Loan Party now in force relating to or affecting the matters referred to therein. 
 7. Attached hereto as Annex 2 is a true and complete copy of the [By-Laws] [Limited Liability Company Agreement] of the Certifying Loan Party as in effect on the date hereof. 

8. Attached hereto as Annex 3 is a true and complete copy of the [Certificate of Incorporation/Certificate of Formation] of the Certifying Loan
Party as in effect on the date hereof. 
 9. Attached hereto as Annex 4 is a true and complete copy of a short-form certificate of good
standing (or equivalent certificate) for the Certifying Loan Party recently issued by its jurisdiction of organization. 
 10. The following
persons are now duly elected and qualified officers of the Certifying Loan Party holding the offices indicated next to their respective names below, and the signatures appearing opposite their respective names below are the true and genuine
signatures of such officers, and each of such officers is duly authorized to execute and deliver on behalf of the Certifying Loan Party each of the Loan Documents to which it is a party and any certificate or other document to be delivered by the
Certifying Loan Party pursuant to the Loan Documents to which it is a party: 
  

					
	 Name
	 	 Office
	 	 Signature

		 		 	  

		 		 	  

  
 IN WITNESS WHEREOF, the undersigned
has executed this Certificate as of the date set forth below. 
  

			
	 [NAME OF CERTIFYING LOAN PARTY]

		
	By:	 	  

	Name:	 	
	Title:	 	 Secretary

 Date:                      

  
 EXHIBIT F-1 

FORM OF INCREMENTAL TERM LOAN COMMITMENT AGREEMENT 
 [Name(s) of Lender(s)] 
 [Address of Borrowers] 

Re: Incremental Term Loan Commitments 

Ladies and Gentlemen: 

Reference is hereby made to the Credit Agreement, dated as of September 20, 2010 (as amended, restated, supplemented or otherwise
modified, the “Credit Agreement”), among (i) RRI Energy, Inc. (to be renamed GenOn Energy, Inc. on the Closing Date), a Delaware corporation, from and after the Closing Date, Mirant Americas, Inc. (to be renamed GenOn Americas,
Inc. on the Closing Date), a Delaware corporation (each, a “Borrower” and together, the “Borrowers”); (ii) the Lenders party thereto; (iii) the Co-Syndication Agents and Co-Documentation Agents named
therein; and (iv) JPMorgan Chase Bank, N.A., as Administrative Agent. Unless otherwise defined herein, capitalized terms used herein shall have the respective meanings set forth in the Credit Agreement. 

Each Lender (each, an “Incremental Term Loan Lender”) party to this letter agreement (this “Agreement”)
hereby severally agrees to provide the Incremental Term Loan Commitment set forth opposite its name on Annex I attached hereto (for each such Incremental Term Loan Lender, its “Incremental Term Loan Commitment”). Each
Incremental Term Loan Commitment provided pursuant to this Agreement shall be subject to all of the terms and conditions set forth in the Credit Agreement, including, without limitation, Sections 2.1 and 2.21 thereof. 

Each Incremental Term Loan Lender, the Borrowers and the Administrative Agent acknowledge and agree that the
Incremental Term Loan Commitments provided pursuant to this Agreement shall constitute Incremental Term Loan Commitments of the respective Tranche specified in Annex I attached hereto and, upon the incurrence of Incremental Term Loans
pursuant to such Incremental Term Loan Commitments, shall constitute Incremental Term Loans under such specified Tranche for all purposes of the Credit Agreement and the other applicable Loan Documents. Each Incremental Term Loan Lender, the
Borrowers and the Administrative Agent further agree that, with respect to the Incremental Term Loan Commitment provided by each Incremental Term Loan Lender pursuant to this Agreement, such Incremental Term Loan Lender shall receive from the
Borrowers such upfront fees, unutilized commitment fees and/or other fees, if any, as may be separately agreed to in writing with the Borrowers and the Administrative Agent, all of which fees shall be due and payable to such Incremental Term Loan
Lender on the terms and conditions set forth in each such separate agreement. 
 Furthermore, each of the parties to this
Agreement hereby agrees to the terms and conditions set forth on Annex I hereto in respect of each Incremental Term Loan Commitment provided pursuant to this Agreement. 
 Each Incremental Term Loan Lender party to this Agreement, to the extent not already a party to the Credit Agreement as a Lender thereunder, (i) confirms that it is an Eligible Assignee,
(ii) confirms that it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into this Agreement and to become a Lender under the Credit Agreement, (iii) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on
such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement and the other Loan Documents, (iv) appoints and authorizes the
Administrative Agent and the Collateral Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are 

 
delegated to the Administrative Agent and the Collateral Agent, as the case may be, by the terms thereof, together with such powers as are reasonably incidental thereto, (iv) agrees that it
will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement and the other Loan Documents are required to be performed by it as a Lender, and (v) in the case of each Incremental Term Loan Lender
organized under the laws of a jurisdiction outside the United States, attaches the forms referred to in Section 2.17(e) of the Credit Agreement, certifying as to its entitlement as of the date hereof to a complete exemption from United States
withholding taxes with respect to all payments to be made to it by the Borrowers under the Credit Agreement and the other Loan Documents. 
 Upon the date of (i) the execution of a counterpart of this Agreement by each Incremental Term Loan Lender, the Administrative Agent, the Borrowers and each Guarantor, (ii) the delivery to the
Administrative Agent of a fully executed counterpart (including by way of facsimile or other electronic transmission) hereof, (iii) the payment of any fees then due and payable in connection herewith and (iv) the satisfaction of any other
conditions precedent set forth in Section 9 of Annex I hereto (such date, the “Agreement Effective Date”), each Incremental Term Loan Lender party hereto (i) shall be obligated to make the Incremental Term Loans
provided to be made by it as provided in this Agreement on the terms, and subject to the conditions, set forth in the Credit Agreement and in this Agreement and (ii) to the extent provided in this Agreement, shall have the rights and
obligations of a Lender thereunder and under the other applicable Loan Documents. 
 Each Borrower acknowledges and agrees that
(i) it shall be liable for all Obligations with respect to the Incremental Term Loan Commitments provided hereby including, without limitation, all Incremental Term Loans made pursuant thereto, and (ii) all such Obligations (including all
such Incremental Term Loans) shall be entitled to the benefits of the Security Documents. 
 Each Guarantor acknowledges and
agrees that all Obligations with respect to the Incremental Term Loan Commitments provided hereby and all Incremental Term Loans made pursuant thereto shall (i) be fully guaranteed pursuant to the Guarantee Agreement as, and to the extent,
provided in the Credit Agreement and (ii) be entitled to the benefits of the Loan Documents as, and to the extent, provided therein and in the Credit Agreement. 
 Attached hereto as Annex II is the officers’ certificate required to be delivered pursuant to clause (ii) of the definition of “Incremental Loan Commitment Requirements”
appearing in Section 1.1 of the Credit Agreement certifying that the conditions set forth in clause (i) of the definition of “Incremental Loan Commitment Requirements” appearing in Section 1.1 of the Credit Agreement have
been satisfied. 
 You may accept this Agreement by signing the enclosed copies in the space provided below, and returning one
copy of same to us before the close of business on             ,             . If you do not so accept this Agreement by such
time, our Incremental Term Loan Commitments set forth in this Agreement shall be deemed canceled. 
 After the execution and
delivery to the Administrative Agent of a fully executed copy of this Agreement (including by way of counterparts and by facsimile or other electronic transmission) by the parties hereto, this Agreement may only be changed, modified or varied by
written instrument in accordance with the requirements for the modification of Loan Documents pursuant to Section 11.1 of the Credit Agreement. 
 In the event of any conflict between the terms of this Agreement and those of the Credit Agreement, the terms of the Credit Agreement shall control. 

***** 

  
 THIS AGREEMENT AND
ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

 

			
	 Very truly yours,

	  
 [NAME OF EACH
INCREMENTAL TERM
 LOAN LENDER]

		
	By	 	  

		 	Name:
		 	Title

 Agreed and Accepted 

this      day of
                    ,             : 

 

			
	 GENON ENERGY, INC., as a Borrower

		
	By:	 	  

		 	Name:
		 	Title:
	
	GENON AMERICAS, INC., as a Borrower
		
	By:	 	  

		 	Name:
		 	Title:
	
	 JPMORGAN CHASE BANK, N.A., as Administrative
 Agent

		
	By:	 	  

		 	Name:
		 	Title:

 Signature Page to Incremental
Term Loan Commitment Agreement 

  
 Each Guarantor acknowledges and agrees
to each the foregoing provisions of this Incremental Term Loan Commitment Agreement and to the incurrence of the Incremental Term Loans to be made pursuant thereto. 
  

			
	 [EACH GUARANTOR], as a Guarantor

		
	By:	 	  

		 	Name:
		 	Title:

  
 Signature Page to Incremental Term Loan Commitment Agreement 

  
 ANNEX I 

TERMS AND CONDITIONS FOR 
 INCREMENTAL TERM LOAN COMMITMENT AGREEMENT 
 Dated as of
                    ,      
  

	1.	Name of Borrowers: 

  

	2.	Incremental Term Loan Commitment Amounts (as of the Agreement Effective Date): 

 

					
	 Names of Incremental Term Loan Lenders
	  	Amount of Incremental Term Loan
Commitment	 
		
		  			
		
	 Total:
	  			

  

	3.	Designation of Tranche of Incremental Term Loan Commitments (and Incremental Term Loans to be funded thereunder): 

 

	4.	Indicate the Incremental Term Loan Borrowing Date: 

  

	5.	Incremental Term Loan Maturity Date: 

  

	7.	Dates for, and amounts of, Incremental Term Loan Scheduled Repayments: 

  

	8.	Applicable Margins: 

  

	9.	Other Conditions Precedent: 

  
 ANNEX II 

[Officers’ certificate required to be delivered pursuant to clause (ii) of the definition of “Incremental Loan Commitment
Requirements” appearing in Section 1.1 of the Credit Agreement certifying that the conditions set forth in clause (i) of the definition of “Incremental Loan Commitment Requirements” appearing in Section 1.1 of the
Credit Agreement have been satisfied] 

  
 EXHIBIT F-2 

FORM OF INCREMENTAL REVOLVING COMMITMENT AGREEMENT 
 [Name(s) of Lender(s)] 
 [Date] 

[Address of Borrowers] 
 Re: Incremental
Revolving Commitments 
 Ladies and Gentlemen: 
 Reference is hereby made to the Credit Agreement, dated as of September 20, 2010 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”), among
(i) RRI Energy, Inc. (to be renamed GenOn Energy, Inc. on the Closing Date), a Delaware corporation, from and after the Closing Date, Mirant Americas, Inc. (to be renamed GenOn Americas, Inc. on the Closing Date), a Delaware corporation (each,
a “Borrower” and together, the “Borrowers”); (ii) the Lenders party thereto; (iii) the Co-Syndication Agents and Co-Documentation Agents named therein; and (iv) JPMorgan Chase Bank, N.A., as
Administrative Agent. Unless otherwise defined herein, capitalized terms used herein shall have the respective meanings set forth in the Credit Agreement. 
 Each Lender (each an “Incremental Revolving Lender”) party to this letter agreement (this “Agreement”) hereby severally agrees to provide the Incremental Revolving
Commitment set forth opposite its name on Annex I attached hereto (for each such Incremental Revolving Lender, its “Incremental Revolving Commitment”). Each Incremental Revolving Commitment provided pursuant to this Agreement
shall be subject to all of the terms and conditions set forth in the Credit Agreement, including, without limitation, Section 2.4(a) and Section 2.22 thereof. 

Each Incremental Revolving Lender, the Borrowers and the Administrative Agent acknowledge and agree that the
Incremental Revolving Commitments provided pursuant to this Agreement shall constitute Incremental Revolving Commitments and, upon the Agreement Effective Date (as hereinafter defined), the Incremental Revolving Commitment of each Incremental
Revolving Lender shall become, or in the case of an existing Revolving Lender, shall be added to (and thereafter become a part of), the Revolving Loan Commitment of such Incremental Revolving Lender. Each Incremental Revolving Lender, the Borrowers
and the Administrative Agent further agree that, with respect to the Incremental Revolving Commitment provided by each Incremental Revolving Lender pursuant to this Agreement, such Incremental Revolving Lender shall receive from Borrowers such
upfront fees, unutilized commitment fees and/or other fees, if any, as may be separately agreed to in writing with Borrowers and acknowledged by the Administrative Agent, all of which fees shall be due and payable to such Incremental Revolving
Lender on the terms and conditions set forth in each such separate agreement. 
 Furthermore, each of the parties to this
Agreement hereby agrees to the terms and conditions set forth on Annex I hereto in respect of each Incremental Revolving Commitment provided pursuant to this Agreement. 
 Each Incremental Revolving Lender party to this Agreement, to the extent not already a party to the Credit Agreement as a Lender thereunder, (i) confirms that it is an Eligible Transferee,
(ii) confirms that it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into this Agreement and to become a Lender under the Credit Agreement, (iii) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on
such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement and the other Loan 

 
Documents, (iv) appoints and authorizes the Administrative Agent and the Collateral Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement
and the other Loan Documents as are delegated to the Administrative Agent and the Collateral Agent, as the case may be, by the terms thereof, together with such powers as are reasonably incidental thereto, (iv) agrees that it will perform in
accordance with their terms all of the obligations which by the terms of the Credit Agreement and the other Loan Documents are required to be performed by it as a Lender, and (v) in the case of each Incremental Revolving Lender organized under
the laws of a jurisdiction outside the United States, attaches the forms referred to in Section 2.17(e) of the Credit Agreement, certifying as to its entitlement as of the date hereof to a complete exemption from United States withholding taxes
with respect to all payments to be made to it by the Borrowers under the Credit Agreement and the other Loan Documents. 
 Upon the date of (i) the execution of a counterpart of this Agreement by each Incremental Revolving Lender, the Administrative Agent, the Borrowers and each Subsidiary Guarantor, (ii) the
delivery to the Administrative Agent of a fully executed counterpart (including by way of facsimile or other electronic transmission) hereof, (iii) the payment of any fees then due and payable in connection herewith and (iv) the
satisfaction of any other conditions precedent set forth in Section 3 of Annex I hereto (such date, the “Agreement Effective Date”), each Incremental Revolving Lender party hereto (x) shall be obligated to make the
Revolving Loans provided to be made by it as provided in this Agreement on the terms, and subject to the conditions, set forth in the Credit Agreement and in this Agreement and (y) to the extent provided in this Agreement, shall have the rights
and obligations of a Lender thereunder and under the other applicable Loan Documents. 
 Each Borrower acknowledges and agrees
that (i) it shall be liable for all Obligations with respect to the Incremental Revolving Commitments provided hereby including, without limitation, all Revolving Loans made pursuant thereto, and (ii) all such Obligations (including all
such Revolving Loans) shall be entitled to the benefits of the Security Documents. 
 Each Guarantor acknowledges and agrees
that all Obligations with respect to the Incremental Revolving Commitments provided hereby and all Revolving Loans made pursuant thereto shall (i) be fully guaranteed pursuant to the Guarantee Agreement as, and to the extent, provided in the
Credit Agreement and (ii) be entitled to the benefits of the Loan Documents as, and to the extent, provided therein and in the Credit Agreement. 
 Attached hereto as Annex II is the officer’s certificate required to be delivered pursuant to clause (ii) of the definition of “Incremental Loan Commitment Requirements”
appearing in Section 1 of the Credit Agreement certifying that the conditions set forth in clause (i) of the definition of “Incremental Loan Commitment Requirements” appearing in Section 1.1 of the Credit Agreement have been
satisfied. 
 You may accept this Agreement by signing the enclosed copies in the space provided below, and returning one copy
of same to us before the close of business on [                    , 20    ]. If you do not so accept this Agreement by such
time, our Incremental Revolving Commitments set forth in this Agreement shall be deemed canceled. 
 After the execution and
delivery to the Administrative Agent of a fully executed copy of this Agreement (including by way of counterparts and by facsimile or other electronic transmission) by the parties hereto, this Agreement may only be changed, modified or varied by
written instrument in accordance with the requirements for the modification of Loan Documents pursuant to Section 11.1 of the Credit Agreement. 
 In the event of any conflict between the terms of this Agreement and those of the Credit Agreement, the terms of the Credit Agreement shall control. 

*        *        * 

  
 THIS AGREEMENT AND
ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

Very truly yours, 
  

					
	 [NAME OF EACH INCREMENTAL
 REVOLVING LENDER]

			
	By	 	 	 	 
		 	Name:	 	
		 	Title	 	

 Agreed and Accepted 
 this      day of                     ,
        : 
  

					
	GENON ENERGY, INC., as a Borrower
			
	By:	 	 	 	 
		 	Name:	 	
		 	Title:	 	

  

					
	GENON AMERICAS, INC., as a Borrower
			
	By:	 	 	 	 
		 	Name:	 	
		 	Title:	 	

  

					
	JPMORGAN CHASE BANK, N.A., as Administrative Agent
			
	By:	 	 	 	 
		 	Name:	 	
		 	Title:	 	

 Signature Page to Incremental Revolving Commitment Agreement 

  
 Each Guarantor acknowledges and agrees
to each the foregoing provisions of this Incremental Revolving Commitment Agreement and to the incurrence of the Revolving Loans to be made pursuant thereto. 
  

					
	[EACH GUARANTOR], as a Guarantor
			
	By:	 	 	 	 
		 	Name:	 	
		 	Title:	 	

  
 Signature Page to
Incremental Revolving Commitment Agreement 

  
 ANNEX I 

TERMS AND CONDITIONS FOR INCREMENTAL REVOLVING COMMITMENT 
 AGREEMENT 
 Dated as of
                    ,          

 

	1.	Name of the Borrowers: 

  

	2.	Incremental Revolving Commitment amounts (as of the Agreement Effective Date): 

 

					
	 Names of Incremental Revolving Lenders
	  	Amount of Incremental Revolving
Commitment	 
		
		  			
		
	 Total:
	  			

  

	3.	Other Conditions Precedent: 

  
 ANNEX II 

[Officers’ certificate required to be delivered pursuant to clause (ii) of the definition of “Incremental Loan
Commitment Requirements” appearing in Section 1.1 of the Credit Agreement certifying that the conditions set forth in clause (i) of the definition of “Incremental Loan Commitment Requirements” appearing in Section 1.1
of the Credit Agreement have been satisfied] 

  
 EXHIBIT G 

FORM OF 

ASSIGNMENT AND ASSUMPTION 
 Reference is made to the Credit Agreement, dated as of September 20, 2010 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among RRI
Energy, Inc. (to be renamed GenOn Energy, Inc. on the Closing Date), a Delaware corporation, from and after the Closing Date, Mirant Americas, Inc. (to be renamed GenOn Americas, Inc. on the Closing Date), a Delaware corporation (each, a
“Borrower” and together, the “Borrowers”), the Lenders party thereto, the Co-Syndication Agents and Co-Documentation Agents named therein and JPMorgan Chase Bank, N.A., as Administrative Agent. Unless otherwise
defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 The Assignor identified on Schedule l hereto (the “Assignor”) and the Assignee identified on Schedule l hereto (the “Assignee”) agree as follows: 

1. The Assignor hereby irrevocably sells and assigns to the Assignee without recourse to the Assignor, and the Assignee hereby
irrevocably purchases and assumes from the Assignor without recourse to the Assignor, as of the Effective Date (as defined below), the interest described in Schedule 1 hereto (the “Assigned Interest”) in and to the Assignor’s
rights and obligations under the Credit Agreement with respect to those credit facilities contained in the Credit Agreement as are set forth on Schedule 1 hereto (individually, an “Assigned Facility”; collectively, the
“Assigned Facilities”), in a principal amount for each Assigned Facility as set forth on Schedule 1 hereto. 

2. The Assignor (a) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or
representations made in or in connection with the Credit Agreement or with respect to the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, any other Loan Document or any other instrument or
document furnished pursuant thereto, other than that the Assignor has not created any adverse claim upon the interest being assigned by it hereunder and that such interest is free and clear of any such adverse claim and (b) makes no
representation or warranty and assumes no responsibility with respect to the financial condition of the Borrowers, any of its Affiliates or any other obligor or the performance or observance by the Borrowers, any of its Affiliates or any other
obligor of any of their respective obligations under the Credit Agreement or any other Loan Document or any other instrument or document furnished pursuant hereto or thereto. 
 3. The Assignee (a) represents and warrants that it is legally authorized to enter into this Assignment and Assumption; (b) confirms that it has received a copy of the Credit Agreement, together
with copies of the financial statements delivered pursuant to Section 6.2 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption;
(c) agrees that it will, independently and without reliance upon the Assignor, the Agents or any Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Agreement, the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto; (d) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and
to exercise such powers and discretion under the Credit Agreement, the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms thereof, together with
such powers as are incidental thereto; and (e) agrees that it will be bound by the provisions of the Credit Agreement and will perform in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to
be performed by it as a Lender including, if it is organized under the laws of a jurisdiction outside the United States, its obligation pursuant to Section 2.17(e) of the Credit Agreement. 

4. The effective date of this Assignment and Assumption shall be the Effective Date of Assignment described in Schedule 1 hereto (the
“Effective Date”). Following the execution of this Assignment and 

 
Assumption, it will be delivered to the Administrative Agent for acceptance by it and recording by the Administrative Agent pursuant to the Credit Agreement, effective as of the Effective Date
(which shall not, unless otherwise agreed to by the Administrative Agent, be earlier than five Business Days after the date of such acceptance and recording by the Administrative Agent). 

5. Upon such acceptance and recording, from and after the Effective Date, the Administrative Agent shall make all payments in respect of
the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to the Effective Date and to the Assignee for amounts which have accrued subsequent to the Effective Date.

 6. From and after the Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent
provided in this Assignment and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Documents and shall be bound by the provisions thereof and (b) the Assignor shall, to the extent provided in this
Assignment and Assumption, relinquish its rights and be released from its obligations under the Credit Agreement. 
 7. This
Assignment and Assumption shall be governed by and construed in accordance with the laws of the State of New York. 
 IN WITNESS
WHEREOF, the parties hereto have caused this Assignment and Assumption to be executed as of the date first above written by their respective duly authorized officers. 

  
 2 

  
 Schedule 1 

to Assignment and Assumption with respect to 
 the Credit Agreement, dated as of September 20, 2010 
 among RRI Energy, Inc.
(to be renamed GenOn Energy, Inc. on the Closing Date), from and after the Closing Date, Mirant Americas, Inc. (to be renamed GenOn Americas, Inc. on the Closing Date) (each a “Borrower” and together, the
“Borrowers”), the Lenders party thereto, the Co-Syndication Agents and Co-Documentation Agents named therein and JPMorgan Chase Bank, N.A., as Administrative Agent 
 Name of Assignor:
                                 

Name of Assignee:
                                 

[and is an Affiliate/Approved Fund of [identify Lender] – select as applicable] 

Effective Date of Assignment:
                                 

 

							
	 Credit Facility Assigned
	 	 Principal

Amount Assigned
	 	 Commitment Percentage Assigned*

		 	$            	 	            .             
       %

  

											
	[Name of Assignee]	 	[Name of Assignor]	 	
						
	By:	 	  
	 		 	By:	 	  
	 	
		 	Name:	 		 		 	Name:	 	
		 	Title:	 		 		 	Title:	 	

  

	*	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all of the Lenders thereunder 

  

							
	Accepted for Recordation in the Register:	 	Required Consents (if any):
		
	 JPMORGAN CHASE BANK, N.A., as
 Administrative Agent
	 	[GENON ENERGY, INC., as a Borrower
				
	By:	 	  
	 	By:	 	  

		 	Name:	 		 	Name:
		 	Title:	 		 	Title:]
			
		 		 	[GENON AMERICAS, INC., as a Borrower
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:]
			
		 		 	 [JPMORGAN CHASE BANK, N.A., as
 Administrative Agent

				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:]
			
		 		 	 [JPMORGAN CHASE BANK, N.A., as an
 Issuing Lender

				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:]
			
		 		 	 [DEUTSCHE BANK TRUST COMPANY
 AMERICAS , as an Issuing Lender

				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:]

 Signature Page to Assignment
and Assumption Agreement 

  
 2 

  
 
			
	 [[NAME OF ADDITIONAL ISSUING

LENDER, IF ANY], as an Issuing Lender

		
	 By:
	 	  

		 	 Name:

		 	 Title:]

 Signature Page to Assignment and Assumption Agreement 

  
 3 

  
 EXHIBIT H-1 

FORM OF JPMCB LETTER OF CREDIT APPLICATION 
  

			
	  

Application for Irrevocable
 Standby Letter of
Credit
  
	  	
 

  

 This application and the
Letter of Credit issued hereunder are subject to and governed by the CONTINUING AGREEMENT FOR COMMERCIAL & STANDBY LETTERS OF CREDIT executed by the undersigned in favor of JPMorgan Chase Bank, N.A. on
             (the “Agreement”). 
 When Transmitting
this application by facsimile all pages must be transmitted. 
 To: JPMorgan Chase Bank, N.A. and/or its subsidiaries and/or
affiliates.                        Date:
                     
 I. Pursuant
to the Terms and Conditions contained herein, please issue an IRREVOCABLE STANDBY Letter of Credit (together with any replacements, extensions or modifications, the “Credit”) and transmit it by: 

 ̈  Teletransmission
              ̈  Courier 
 If completing in Microsoft Word, please enter data by ‘clicking’ on the gray boxes. 
  

			
	 Applicant/Obligor (Full name and address-jointly and
severally if more than one, individually and collectively, “Applicant/Obligor”):
 [Signature lines are
on last page].
  
	 	Beneficiary (Full name and 
address):
	 Account
Party (Full name and address of entity to be named in Letter of Credit if different than the above Applicant/Obligor):
  
	 	Advising Bank-Optional (If blank, Issuer will select its branch or affiliate or
correspondent in the domicile of the beneficiary):
	
Amount:
 Up to an aggregate amount
of
 If not USD, indicate currency
	 	Expiry Date: Demands/claims must be presented to the counters of the Nominated bank
not later than             .
	 Complete only if Automatic Extension of the expiry date is required.
  
 Credit to contain Automatic Extension clause with extension period of  ̈
one year/ ̈ other    (please specify).
  
 No less than                              calendar days
non-extension notice to the beneficiary.
  
 Automatic Extension final
expiration date:
                                         
       (the date after which the Credit will no longer be subject to Automatic Extension).

	 AVAILABLE BY (indicate A, B or C)
  

 ̈A.    Beneficiary’s dated statement
referencing JPMorgan Chase Bank, N.A. Letter of Credit Number indicating amount of demand/claim and purportedly signed by an authorized person reading as follows (Please state within the quotation marks the wording to appear on the statement to be
presented):
  
 “ (insert appropriate reason for
drawing)
 ”
  

 

 ̈Demands received by authenticated teletransmission are
acceptable in lieu of the beneficiary’s signed and dated statement provided that such authenticated teletransmission contains the beneficiary’s statement as provided for in the Credit.

 

					
	  ̈B.    See attached sheet(s) for continuation of other documents and/or special instructions, which form an integral part of this Application and such specimen should be approved and
signed by the applicant/obligor.
  
  ̈C. Other:
  

	 Complete
only when the Beneficiary’s bank or Correspondent is to issue its guarantee or undertaking based on the issued Standby Letter of Credit.
  

We understand and agree that by making this request, we shall remain liable under this Credit until Issuer is fully released in writing by such
entity.
  
  ̈Request Beneficiary’s bank to issue and deliver its:

    (Specify type of bid or performance bond, guarantee, undertaking or other)

 

	 In favor of:

 
  
  
	  	 Name(s)
 Attention Party Name
 Address
 City/State/Zip/Country
 Telephone
 Fax

	 
	 For an amount not exceeding that specified above, effective immediately and expiring at their office on         .

(at least 30 days prior to Expiry Date above) covering (brief description):
            .

	 
	
 ̈Multiple drawings prohibited (if blank, multiple drawings will
be permitted).
  
  ̈Partial drawings prohibited (if blank, partial drawings will be permitted).
  

 ̈Credit is transferable only in its entirety (Issuer is
authorized to include its standard transfer conditions and is authorized to nominate a transferring bank, if applicable).
  
 The Credit, or any Credit issued shall be subject to the International Standby Practices 1998, International Chamber of Commerce Publication 590 (“ISP”) or,  ̈ if box is checked, it shall be subject to the Uniform Customs and Practice for Documentary Credits 2007 Revision, International Chamber of Commerce Publication No. 600
(“UCP”).

	 Please include a brief description of the purpose of the Standby Letter of Credit including goods description, pricing, country of origin of the goods, shipment from and shipment to countries, as
applicable:
  

 Unless otherwise stated
herein, the nominated bank (if any) is authorized to send all documents to you in one airmail or courier service, if available. 

  
 THE UNDERSIGNED HEREBY AGREES TO ALL
THE TERMS AND CONDITIONS SET FORTH IN THE AGREEMENT, ALL OF WHICH HAVE BEEN READ AND UNDERSTOOD BY THE UNDERSIGNED. 
  

	
	  

	(Applicant/Obligor)
	  

	(Authorized Signature)
	  

	(Title)
	  

	(Phone)
	  

	(Fax)
	  

	(Date)

 Without limiting the terms above, you are
authorized to debit our account no.              
 with JPMorgan Chase Bank,
N.A. for the amount of each drawing and/or your commissions and charges. 
 THE FOLLOWING IS TO BE EXECUTED IF THE CREDIT IS TO BE ISSUED
FOR THE ACCOUNT OF A PERSON OTHER THAN THE PERSON SIGNING ABOVE: 
 AUTHORIZATION AND AGREEMENT OF ADDITIONAL PARTY NAMED AS ACCOUNT
PARTY 
 To: THE ISSUER OF THE CREDIT 
 We join in this Application, naming us as Account Party, for the issuance of the Credit and, in consideration thereof, we irrevocably agree (i) that the above Applicant has sole right to give instructions
and make agreements with respect to this Application, the Agreement, the Credit and the disposition of documents, and we have no right or claim against you, any of your affiliates or subsidiaries, or any correspondent in respect of any matter
arising in connection with any of the foregoing and (ii) to be bound by the Agreement and all obligations of the Applicant thereunder as if we were a party thereto. The Applicant is authorized to assign or transfer to you all or any part of any
security held by the Applicant for our obligations arising in connection with this transaction and, upon any such assignment or transfer, you shall be vested with all powers and rights in respect of the security transferred or assigned to you and
you may enforce your rights under the Agreement against us or our Property in accordance with the terms hereof. 
  

	
	  

	(Account Party)
	  

	(Authorized Signature)
	  

	(Title)
	  

	(Phone)
	  

	(Fax)
	  

	(Date)

			
	 	 
	 Application for Irrevocable
 Commercial Letter of Credit
	 	

 This application and the Letter of Credit issued hereunder are subject to and governed by the
CONTINUING AGREEMENT FOR COMMERCIAL & STANDBY LETTERS OF CREDIT executed by the undersigned in favor of JPMorgan Chase Bank, N.A. on
                     (the “Agreement”). 
 When transmitting this application by facsimile all pages must be transmitted. 

To:  JPMorgan Chase Bank, N.A. and/or its subsidiaries and/or
affiliates.                Date:                     
    
 I. Pursuant to the Terms and Conditions contained herein, please issue an IRREVOCABLE DOCUMENTARY COMMERCIAL
Letter of Credit (together with any replacements, extensions or modifications, the “Credit”) and transmit it by: 
  ̈ Teletransmission                     ̈ Courier

 If completing in Microsoft Word, please enter data by ‘clicking’ on the gray boxes. 

 

			
	
Applicant/Obligor (Full name and address):

 
 [Signature lines are on last page].

 
  
 Account Party (Full name and address of entity to be named in Letter of Credit if different than the above Applicant/Obligor):

 
  
  

Advising Bank-Optional (If blank, Issuer will select its branch or affiliate or correspondent in the domicile of the
beneficiary):
  
  

 
 Beneficiary (Full name and address):

 
  
  

Amount (In Figures):
  

 
  
 Amount (In words):
  
  

 
 Indicate plus or minus percentage if applicable

 ̈ Plus         ̈ Minus         %
  

 
 Expiry Date:

 
  
  

Place of Expiry Unless the undersigned or Issuer nominates a bank which is authorized to pay, to accept, to incur a deferred
payment undertaking, or to negotiate, the Credit will be freely negotiable. Issuer may nominate such a bank in its sole discretion or stipulate that the Credit is available with Issuer only.

If the Credit is freely negotiable, it will be considered to be freely negotiable by any bank anywhere. (Issuer in its sole discretion
may specify that the Credit will expire in the country of the beneficiary).
	 	  ̈Credit is transferable. (Issuer is authorized to include its standard transfer conditions and is authorized to nominate a
Transferring Bank.)
  
  
 Partial Shipment Transhipment
  ̈ Not Allowed (if blank, allowed)
 ̈ Not Allowed (if blank, allowed)

 
  

Shipment:
  
 Shipment from:
  
 For
Transportation to:
  
 Latest Shipment Date: 

 
  

Credit available:
  

 ̈ At sight.

 

 ̈ By deferred payment at:

 

 ̈ By acceptance of drafts at: 

 

 ̈ Discount Charges, if any, for the account of the

  (specify only if credit is available by acceptance)

 ̈ Beneficiary     ̈ Applicant
  
 Against the
documents detailed herein and Beneficiary’s draft(s) drawn on Issuer or Issuer’s branch or affiliate or correspondent (at Issuer’s option) for 100% or         % of the invoice value.

 
 Insurance:

 

 ̈Insurance effected by us. We agree to keep insurance in force
until this transaction is complete (no document required if checked).
  

If above is not checked, the following documents are required:
  

 ̈Negotiable Insurance Policy or Certificate covering the
following risks:
  
  ̈All Risks  ̈ War  ̈ SR&CC  ̈ Other Risks
(specify).
  
  ̈Indicate if a full set is required.
  
  ̈Insurance coverage for         % (Unless otherwise specified the minimum amount of insurance must be for
100% of the CIF or CIP value plus 10%. If the CIF or CIP value cannot be determined from the documents on their face, insurance must be for a minimum amount of 110% of the drawing amount or 110% of the gross invoice amount, whichever is
greater.)

  

			
	
 ̈ Commercial Invoice          originals
         copies.
  

 ̈ Custom Invoice          originals
         copies.
  

 ̈ Visaed Customs Invoice        
originals          copies.
  
 Transport Documents:
  ̈Full Set of Marine/Ocean Bill of Lading covering a port to port shipment consigned to the order of JPMorgan Chase Bank, N.A. marked notify Applicant indicating the name of the carrier, and indicating the
goods have been loaded on board or shipped on a named vessel.
  
  ̈Full Set of Multimodal Transport document consigned to the order of JPMorgan Chase Bank, N.A. marked notify Applicant indicating the name of the carrier or
Multimodal transport operator, and indicating that the goods have been dispatched, taken in charge or loaded on board.
  

 ̈Air Waybill consigned to JPMorgan Chase Bank, N.A. marked notify
Applicant indicating the name of the carrier.
  
  ̈If Consignee other than JPMorgan Chase Bank, N.A. (please specify):
  

 ̈If notify party other than Applicant (please
specify):
  
  ̈Truck Bill of Lading consigned to marked notify Applicant indicating the name of the carrier.
  

 ̈Rail Bill of Lading consigned to marked notify Applicant
indicating the name of the carrier.
  
 The Transport Document must be
marked
  
  ̈Freight Collect
  
  ̈Freight Prepaid
  
	 	  ̈ Packing List          originals          copies.

 ̈ Certificate of Origin          originals
         copies.
  ̈  Forwarders Cargo Receipt
(‘FCR’) issued by
  
  
 indicating that the merchandise has been received (indicate in the space below any further requirements-Note: a FCR is not a transport document):

 
  
  

 
  
  ̈Inspection Certificate issued by
  

and purportedly signed by
  

         originals          copies

 
 Specify Inspection Certificate content (if blank, document will
be accepted as tendered.)
  
  ̈Other Documents
  
  ̈See attached sheet for continuation or other documents or further special instructions which form and are an integral part of this
Application.

 Covering: Merchandise described in the invoice as (Mention commodity only in generic terms omitting details as
to grade, quality, etc. Do not attach copy of Purchase Order. Reference may be made to it for information only.) 
 Trade Terms:   ̈ Check if Incoterms 2000 applies  ̈ FAS     ̈ FOB
                                    (named port of shipment);

 ̈ FCA                
            (named place of
shipment);   ̈ CIP                            
                (named place of destination); 
  ̈ CFR         ̈ CIF               
                         (named port of
destination);     ̈ Other
                                         
       . 
 Documents must be presented for payment, acceptance, negotiation within
         days (unless otherwise specified 21 days will be stipulated) after the date of shipment of the transport documents (or in the case of a FCR or Air Waybill 21 days after its date) but within the
validity of the Credit. 
  ̈ All bank charges other than those of Issuer are for the
beneficiary’s account. 
 Unless otherwise stated herein, the negotiating/nominated bank (if any) is authorized to send all documents to
you in one airmail or courier service, if available. 

  
 The Credit, or any Credit issued shall
be subject to the Uniform Customs and Practice for Documentary Credits 2007 Revision, International Chamber of Commerce Publication No. 600 (“UCP”) and any subsequent revision thereof adhered to by Bank on the date such Credit is
issued. 
 THE UNDERSIGNED HEREBY AGREES TO ALL THE TERMS AND CONDITIONS SET FORTH IN THE CONTINUING AGREEMENT, ALL OF WHICH HAVE BEEN READ AND
UNDERSTOOD BY THE UNDERSIGNED. 
  

	
	  

	(Applicant/Obligor)
	  

	(Authorized Signature)
	  

	(Title)
	  

	(Phone)
	  

	(Fax)
	  

	(Date)

 Without limiting the terms above, you are
authorized to debit our account no. 
 with JPMorgan Chase Bank, N.A. for the amount of each drawing and/or your commissions and charges.

 THE FOLLOWING IS TO BE EXECUTED IF THE CREDIT IS TO BE ISSUED FOR THE ACCOUNT OF A PERSON OTHER THAN THE PERSON SIGNING ABOVE:

 AUTHORIZATION AND AGREEMENT OF ADDITIONAL PARTY NAMED AS ACCOUNT PARTY 
 To: THE ISSUER OF THE CREDIT 
 We join in the above Agreement, naming us as Account Party, for the
issuance of the Credit and, in consideration thereof, we irrevocably agree (i) that the above Applicant has sole right to give instructions and make agreements with respect to this Agreement and the Credit, and the disposition of documents, and we
have no right or claim against you, any of your affiliates or subsidiaries, or any correspondent in respect of any matter arising in connection with any of the foregoing and (ii) to be bound by the Agreement and all obligations of the Applicant
thereunder as if we were a party thereto. The Applicant is authorized to assign or transfer to you all or any part of any security held by the Applicant for our obligations arising in connection with this transaction and, upon any such assignment or
transfer, you shall be vested with all powers and rights in respect of the security transferred or assigned to you and you may enforce your rights under this Agreement against us or our Property in accordance with the terms hereof. 

 

	
	  

	(Account Party)
	  

	(Authorized Signature)
	  

	(Title)
	  

	(Phone)
	  

	(Fax)
	  

	(Date)

  
 EXHIBIT H-2 

FORM OF DBTCA LETTER OF CREDIT APPLICATION 
  

					
	Deutsche Bank	    	

	  	

 Letter of Credit Number:
                                 

APPLICATION FOR IRREVOCABLE
STANDBY LETTER OF CREDIT 

 

							
	Applicant (Full name and address):	  	 Issuing
Bank:
 Deutsche Bank AG New York Branch or

Deutsche Bank Trust Company Americas
 60 Wall Street
 New York, New York 10005

	Date of Application:	  	 Expiry Date:

 
 Place of Expiry:

	
 ̈ Issue by (air) mail

 ̈ Issue by teletransmission

 ̈ Issue by courier

 ̈ Applicant to arrange
pick-up

 ̈ Issue by other (specify):
	  	
 ̈ with brief advice by teletransmission
	  	Beneficiary (Full name and address):
	Name and Jurisdiction of Organization of any
Subsidiary Account Party for this Credit (or specify “None”):	  	 
	 Confirmation of the
Credit:
	  	Currency and Amount in Figures and Words (Please use ISO Currency Codes):
	 ̈ not requested	  	 ̈ requested	  	 ̈ authorized if requested by Beneficiary	  
	  ̈Credit to be issued with the terms and conditions set forth in the attached specimen.
	  	 
	
Credit available against the document(s) detailed herein:

 ̈Beneficiary’ssight draft(s) drawn on Issuing
Bank
  
  ̈OriginalCredit and any and all amendments to the Credit
  

 ̈Beneficiary’ssigned and dated statement, reading as
follows:
  
  ̈Otherdocuments (specify issuer(s) and data content):
  

	
Credit to be issued subject to (check one):

 

 ̈InternationalStandby Practices 1998, International Chamber of
Commerce Publication No. 590 (ISP98), or such later revision thereof as may be in effect when the Credit is issued.
  

 ̈UniformCustoms and Practice for Documentary Credits, 2007
Revision, International Chamber of Commerce Publication No. 600 (UCP 600), or such later revision thereof as may be in effect when the Credit is issued.

	 ̈ See attached for additional instructions
	  	  ̈Check if only a single drawing for all or a portion of the amount of the Credit is permitted

									
	 The undersigned requests you to issue your irrevocable letter of credit, (herein called the “Credit”), substantially in accordance with these instructions (marked (x) where
appropriate). The undersigned agrees to be bound in respect of the Credit by the terms and conditions of the Continuing Agreement for Standby Letters of Credit dated
                                         
           , as amended, supplemented or otherwise modified from time to time, made by the undersigned (and, if applicable, one or more other parties) to Deutsche Bank AG New York Branch and
Deutsche Bank Trust Company Americas. The undersigned represents and warrants to you that (i) no Event of Default (as defined in such Agreement) or other event that with notice or lapse of time or both would constitute such an Event of Default has
occurred and is continuing or would result from the issuance of the requested Credit and (ii) all representations and warranties contained in such Agreement are true and correct in all material respects as of the date hereof and shall be true and
correct in all material respects immediately after issuance of the requested Credit.

									
	
Applicant’s Name:                   
                                         
    
	  	 

											
	
By:                        
                                         
                         

Print Name:
 Title:
	  	 	  	 

  
 EXHIBIT I 

FORM OF EXEMPTION CERTIFICATE 
 Reference is made to the Credit Agreement, dated as of September 20, 2010 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among RRI
Energy, Inc. (to be renamed GenOn Energy, Inc. on the Closing Date), from and after the Closing Date, Mirant Americas, Inc. (to be renamed GenOn Americas, Inc. on the Closing Date), a Delaware corporation (each, a “Borrower” and
together, the “Borrowers”), the Lenders party thereto, the Co-Syndication Agents and Co-Documentation Agents named therein, and JPMorgan Chase Bank, N.A., as Administrative Agent. Unless otherwise defined herein, terms defined in
the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.                      (the
“Non-U.S. Lender”) is providing this certificate pursuant to Section 2.17(e) of the Credit Agreement. The Non-U.S. Lender hereby represents and warrants that: 

1. The Non-U.S. Lender is the sole record and beneficial owner of the Loans in respect of which it is providing this certificate.

 2. The Non-U.S. Lender is not a “bank” for purposes of Section 881(C)(3)(A) of the Internal Revenue Code of
1986, as amended (the “Code”). In this regard, the Non-U.S. Lender further represents and warrants that: 
 (a)
the Non-U.S. Lender is not subject to regulatory or other legal requirements as a bank in any jurisdiction; and 
 (b) the
Non-U.S. Lender has not been treated as a bank for purposes of any Tax, securities law or other filing or submission made to any Governmental Authority, any application made to a rating agency or qualification for any exemption from Tax, securities
law or other legal requirements. 
 3. The Non-U.S. Lender is not a 10-percent shareholder of the Borrowers within the meaning
of Section 881(C)(3)(B) of the Code. 
 4. The Non-U.S. Lender is not a controlled foreign corporation receiving interest
from a related person within the meaning of Section 881(C)(3)(C) of the Code. 
 IN WITNESS WHEREOF, the undersigned has
duly executed this certificate. 
  

			
	 [NAME OF NON-U.S. LENDER]

		
	 By:
	 	  

		 	Name:
		 	Title:

                    
    Date:                      

  
 EXHIBIT J 

FORM OF LENDER ADDENDUM 
 The undersigned Lender (i) agrees to all of the provisions of the Credit Agreement, dated as of September 20, 2010 (the “Credit Agreement”), among RRI Energy, Inc. (to be
renamed GenOn Energy, Inc. on the Closing Date), a Delaware corporation, from and after the Closing Date, Mirant Americas, Inc. (to be renamed GenOn Americas, Inc. on the Closing Date), a Delaware corporation (each, a “Borrower” and
together, the “Borrowers”), the Lenders party thereto, the Co-Syndication Agents and Co-Documentation Agents named therein and JPMorgan Chase Bank, N.A., as Administrative Agent, and (ii) becomes a party thereto, as a Lender,
with obligations applicable to such Lender thereunder, including, without limitation, the obligation to make extensions of credit to the Borrowers in an aggregate principal amount not to exceed the amount of its Term Commitment and/or Revolving
Commitment, as the case may be, as set forth opposite the undersigned Lender’s name in Schedule 1.1A to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. Unless otherwise defined herein,
terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  

			
	  

	 (Name of Lender)

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 Dated as of                     , 2010 [Insert scheduled Closing Date]

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