Document:

exv10w34wb

Exhibit 10.34B

EXHIBITS AND SCHEDULES TO THE

CREDIT AND GUARANTY AGREEMENT

DATED AS OF JUNE 12, 2007

(Portions of this Exhibit have been omitted

pursuant to a request for confidential treatment)

SCHEDULES

	 	 	 	 	 
	 

	 	1.1(a)		Existing Letters of Credit
	 
	 

	 	1.1(b)		Guarantors
	 
	 

	 	1.1(d)		Subordination Terms
	 
	 

	 	1.1(e)		Mortgages and Title Policies
	 
	 

	 	1.1(f)		Secured Hedge Agreements
	 
	 

	 	1.1(g)		Existing Indebtedness
	 
	 

	 	2.1	 	Commitments and Pro Rata Shares
	 
	 

	 	5.8(c)		Closing Date Mortgaged Properties
	 
	 

	 	5.9(c)		Environmental Matters
	 
	 

	 	5.13	 	Subsidiaries and Other Equity Investments
	 
	 

	 	5.17	 	Intellectual Property Matters
	 
	 

	 	7.3(k)		List of Agreements Prohibiting Subordination of Intercompany Indebtedness
	 
	 

	 	10.10(e)		Certain Closing Actions
	 
	 

	 	11.2	 	Administrative Agent’s Office; Certain Addresses for Notices
	 
	EXHIBITS

	 

	 

	 	 	 	Form of
	 
	 

	 	A
	 	Borrowing Notice
	 
	 

	 	B
	 	L/C Certificate
	 
	 

	 	C
	 	Continuation/Conversion Notice
	 
	 

	 	D
	 	Revolving Credit Note
	 
	 

	 	E
	 	Compliance Certificate
	 
	 

	 	F
	 	Assignment and Assumption
	 
	 

	 	G
	 	Assumption and Joinder
	 
	 

	 	H
	 	Incremental Term Loan Commitment Agreement
	 
	 

	 	I
	 	Incremental RL Commitment Agreement

 

 

SCHEDULE 1.1(a)

EXISTING LETTERS OF CREDIT

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date of Issue	 	Letter of Credit #	 	Issuing Bank	 	Bank Cr. Rating	 	Amount	 	Beneficiary	 	Expiry Date	 	On Behalf Of
	[***] REVOLVING LETTERS OF CREDIT	 	 	 	 	 	 	 	 	 	 	 	 
	12/5/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	RES
	12/5/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/4/2007	 	RES
	2/20/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	RES
	2/23/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	REWG
	2/23/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	3/31/2008	 	OPMW
	2/26/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	OPMW
	3/1/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	2/28/2008	 	REWG
	3/12/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	RES
	3/19/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/30/2007	 	RES
	3/21/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	2/28/2008	 	RESE
	3/23/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	2/28/2008	 	RESE
	5/11/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	5/10/2008	 	RES
	5/31/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	7/15/2007	 	RES
	6/1/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	9/30/2007	 	RES
	6/4/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	RES
	6/5/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	6/22/2007	 	RES
	5/9/2003
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	9/30/2007	 	RES
	11/1/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	11/1/2007	 	RRI
	11/17/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	11/17/2007	 	RRI
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	16	 	[***] sub total	 	 	 	$[***]	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[***] REVOLVING LETTERS OF CREDIT	 	 	 	 	 	 	 	 	 	 	 	 
	9/14/2005
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	1/16/2008	 	REES
	11/8/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	RES
	2/14/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	1/2/2008	 	RE Solutions East
	3/5/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	2/28/2008	 	RE Solutions East
	3/5/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	3/1/2008	 	RE Solutions East
	3/9/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	3/6/2008	 	RRI
	3/20/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	6/30/2007	 	RES
	5/30/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	4/30/2008	 	RE Solutions East
	5/31/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	RES
	5/31/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	6/30/2008	 	RES
	6/8/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	1/15/2008	 	RES
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	11	 	[***] sub total	 	 	 	$[***]	 	 	 	 	 	 

 

			
	***	 	The confidential content of this Schedule 1.1(a) has been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to the omitted portions.

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date of Issue	 	Letter of Credit #	 	Issuing Bank	 	Bank Cr. Rating	 	Amount	 	Beneficiary	 	Expiry Date	 	On Behalf Of
	[***] REVOLVING LETTERS OF CREDIT	 	 	 	 	 	 	 	 	 	 	 	 
	2/18/2005
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	9/28/2007	 	RES
	5/30/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	2/28/2008	 	REF
	9/8/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	8/31/2007	 	RE Solutions East
	9/8/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	8/31/2007	 	RE Solutions East
	9/8/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	8/31/2007	 	RE Solutions East
	9/8/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	8/31/2007	 	RE Solutions East
	9/8/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	8/31/2007	 	RE Solutions East
	9/8/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	8/31/2007	 	RE Solutions East
	10/19/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	10/15/2007	 	RES
	3/13/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	3/1/2008	 	RES
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	10	 	[***] sub total	 	 	 	$[***]	 	 	 	 	 	 
	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	Total Revolving Letters of Credit	 	 	 	$[***]	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	PRE-FUNDED LETTERS OF CREDIT	 	 	 	 	 	 	 	 	 	 	 	 
	4/11/2003
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	6/30/2007	 	RES
	5/15/2003
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	6/15/2007	 	RES
	8/13/2003
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	8/31/2007	 	RES
	1/13/2004
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	1/12/2008	 	REMA
	1/13/2004
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	1/12/2008	 	REMA
	3/10/2004
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	RES
	4/1/2004
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/23/2007	 	RES
	7/13/2004
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	7/12/2007	 	REMA
	11/12/2004
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	RES
	10/25/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	6/30/2007	 	RE Ell, Mand, Orm
	11/8/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	10/30/2007	 	REWG
	11/17/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	11/17/2007	 	RRI
	11/22/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	11/22/2007	 	REI
	11/29/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	11/29/2007	 	REWG
	11/29/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	11/29/2007	 	RRI
	11/29/2006
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	10/31/2007	 	RES
	1/16/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	1/16/2008	 	REMA
	1/18/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	1/17/2008	 	RES
	1/25/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	REWG
	1/25/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	RE Eti
	1/26/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	RES
	2/16/2007
	 	 	[***]	 	[***]	 	 	 	[***]	 	[***]	 	12/31/2007	 	RES
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	47	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	Total Pre-Funded Letters of Credit	 	 	 	$[***]	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

			
	***	 	The confidential content of this Schedule 1.1(a) has been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to the omitted portions.

 

 

SCHEDULE 1.1(b)

GUARANTORS

Reliant Energy Asset Management, LLC

Reliant Energy Broadband, Inc.

Reliant Energy California Holdings, LLC

Reliant Energy CapTrades Holding Corp.

Reliant Energy Communications, Inc.

Reliant Energy Coolwater, Inc.

Reliant Energy Corporate Services, LLC

Reliant Energy Electric Solutions, LLC

Reliant Energy Ellwood, Inc.

Reliant Energy Etiwanda, Inc.

Reliant Energy Florida, LLC

Reliant Energy Key/Con Fuels, LLC

Reliant Energy Mandalay, Inc.

Reliant Energy Northeast Generation, Inc.

Reliant Energy Northeast Holdings, Inc.

Reliant Energy Ormond Beach, Inc.

Reliant Energy Power Generation, Inc.

Reliant Energy Sabine (Delaware), Inc.

Reliant Energy Sabine (Texas), Inc.

Reliant Energy Services, Inc.

Reliant Energy Services Desert Basin, LLC

Reliant Energy Services Mid-Stream, LLC

Reliant Energy Seward, LLC

Reliant Energy Solutions East, LLC

Reliant Energy Trading Exchange, Inc.

Reliant Energy Ventures, Inc.

Reliant Energy Wholesale Generation, LLC

 

 

SCHEDULE 1.1(d)

SUBORDINATION TERMS

ARTICLE [___]

DEFINITIONS

     “Credit Agreement” means the Credit and Guaranty Agreement dated as of June 12, 2007
by and among Reliant Energy, Inc, as Borrower, the other Loan Parties referred to therein, as
Guarantors, the other Lenders party thereto, and Deutsche Bank AG New York Branch as Administrative
Agent and all collateral documents, guaranties, agreements and instruments executed in connection
therewith, in each case, as amended, amended and restated, modified, renewed, refunded, replaced or
refinanced from time to time, including, without limitation, increases in principal amount and
extensions of term loans and other financings.

     “Designated Senior Indebtedness” means any and all Indebtedness outstanding under the
Credit Agreement.

     “Hedging Obligations” means, with respect to any specified Person, the obligations of
such Person under:

	 	(1)	 	interest rate swap agreements, interest rate cap agreements and interest rate
collar agreements; and
	 
	 	(2)	 	other agreements or arrangements designed to protect such Person against
fluctuations in interest rates, currency rates or commodity prices.

     “Holder” means a Person in whose name a Security is registered in the Security
Register.

     “Indebtedness” means, with respect to any specified Person, any indebtedness of such
Person, whether or not contingent:

	 	(1)	 	in respect of borrowed money;
	 
	 	(2)	 	evidenced by bonds, notes, debentures or similar instruments or
letters of credit (or reimbursement agreements in respect thereof);
	 
	 	(3)	 	in respect of banker’s acceptances;
	 
	 	(4)	 	representing capital lease obligations;
	 
	 	(5)	 	representing the balance deferred and unpaid of the purchase
price of any property, except any such balance that constitutes an accrued
expense, trade payable or representing secured floor plan financing; or
	 
	 	(6)	 	representing any Hedging Obligations,

 

 

if and to the extent any of the preceding items (other than letters of credit and Hedging
Obligations) would appear as a liability upon a balance sheet of the specified Person prepared in
accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others
secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed
by the specified Person but not to exceed an aggregate principal amount of such Indebtedness equal
to the fair market value of all such assets of such Person encumbered to secure such indebtedness)
and, to the extent not otherwise included, the guarantee by the specified Person of any
Indebtedness of any other Person.

     “Indenture” or “this Indenture” means this instrument as originally executed
or as it may from time to time be supplemented or amended by one or more indentures supplemental
hereto entered into pursuant to the applicable provisions hereof and shall include the terms of
particular series of Securities established as contemplated by Section [___].

     “Obligations” means the principal, interest, penalties, fees, taxes, costs,
indemnifications, reimbursements, damages and other liabilities payable under any documentation
governing, securing or relating to any Indebtedness, whether or not a claim in respect thereof has
been asserted and including, without limitation, Post-Petition Interest accruing or payable at the
then applicable rate provided for in the applicable documentation.

     “Post-Petition Interest” shall mean interest accruing after the filing of any petition
in bankruptcy, or the commencement of any case, proceeding or action relating to the bankruptcy,
reorganization or insolvency of the Company or any of its Subsidiaries (or interest that would
accrue but for the operation of applicable bankruptcy, reorganization or insolvency laws), whether
or not a claim for post-filing or post-petition interest is allowed or allowable as a claim in any
such case, proceeding or action.

     “Representative” means any trustee, agent or representative (if any) for an issue of
Senior Indebtedness.

     “Security” or “Securities” means any note or notes, bond or bonds, debenture
or debentures, or any other evidences of Indebtedness, of any series, authenticated and delivered
from time to time under this Indenture.

     “Senior Indebtedness” means the principal of, premium, if any, and interest on, and
all other Obligations payable in connection with (i) all the Company’s Indebtedness for money
borrowed, for reimbursement of drawings under letters of credit and for Hedging Obligations, in
each case, other than the Securities, whether outstanding on the date of execution of this
Indenture or thereafter created, assumed or incurred, except such Indebtedness that is by its terms
expressly stated to be not superior in right of payment to the Securities or to rank pari passu
with the Securities and shall include, all Obligations under, or relating to, the Designated Senior
Indebtedness, and (ii) any deferrals, renewals, refinancings, replacements, or extensions of any
such Senior Indebtedness; provided, however, that Senior Indebtedness shall not
include (1) any obligation of the Company to any Subsidiary, (2) any liability for Federal, state,
local or other taxes owed or owing by the Company, (3) any trade accounts payable or other
liability to trade creditors, in each case, arising from the provision to the Company of goods or
services in the ordinary course of business (including guarantees thereof or instruments evidencing
such

-2-

 

liabilities), (4) any obligations with respect to any capital stock of the Company, except in
respect of any mandatory redemptions thereof, or (5) any Indebtedness to the extent incurred in
violation of this Indenture. The term “Indebtedness for money borrowed” as used herein shall
include, without limitation, any obligation of, or any obligation guaranteed by, the Company for
the repayment of borrowed money, whether or not evidenced by bonds, debentures, notes or other
written instruments, and any obligation deferred for more than 180 days for the payment of the
purchase price of property or assets (other than any obligation described in clause (3) of this
definition).

     “Stated Maturity” means as to any Senior Indebtedness at any time, the final maturity
date expressed as of such time in the documents governing such Senior Indebtedness.

ARTICLE [___]

SUBORDINATION

     Section [A]. Agreement To Subordinate. The Company agrees, and each Holder by
accepting a Security agrees, that the Indebtedness evidenced by the Securities is subordinated in
right of payment, to the extent and in the manner provided in this Article [___], to the prior
indefeasible payment in full in cash of all Obligations in respect of Senior Indebtedness, and that
such subordination is for the benefit of and enforceable by the holders of Senior Indebtedness.
Only Indebtedness of the Company which is Senior Indebtedness shall rank senior to the Securities
in accordance with the provisions set forth herein. All provisions of this Article [___] shall be
subject to Section [L] of this Article [___].

     Section [B]. Liquidation, Dissolution, Bankruptcy. Upon any payment or distribution
of the assets of the Company to creditors upon a total or partial liquidation or a total or partial
dissolution of the Company or in a bankruptcy, reorganization, insolvency, receivership or similar
proceeding relating to the Company or its respective properties: (1) holders of Senior Indebtedness
shall be entitled to receive payment in full in cash of all Obligations in respect of Senior
Indebtedness before the Holders of Securities shall be entitled to receive any payment of principal
of or interest on or other amounts with respect to the Securities; and (2) until all Obligations
(as provided in clause (1)) in respect of the Senior Indebtedness is paid indefeasibly in full in
cash, any distribution to which the Holders of Securities would be entitled but for this Article
[___] shall be made to holders of Senior Indebtedness as their interests may appear, except that
Holders of Securities may receive shares of stock and any debt securities that (i) are subordinated
to Senior Indebtedness to at least the same extent as the Securities are subordinated to the Senior
Indebtedness and (ii) do not provide for mandatory redemptions (in the case of shares of stock) or
the payment of principal (in the case of debt securities) prior to the Stated Maturity of any
Senior Indebtedness.

     Section [C]. Default on Senior Indebtedness. The Company may not pay the principal of
or interest on or other amounts with respect to the Securities, make any deposit pursuant to
Section [___] [REF. TO SECTION REQUIRING ADVANCE DEPOSITS FOR PAYMENTS ON SECURITIES BEFORE DUE
DATES AND DEFEASANCE PAYMENTS] or repurchase, redeem or otherwise acquire or retire any Securities
(collectively, “pay the Securities”) if (i) any

-3-

 

default in payment of Obligations in respect of any Designated Senior Indebtedness shall occur
or (ii) any other default on Designated Senior Indebtedness occurs and the maturity of such
Designated Senior Indebtedness is accelerated in accordance with its terms unless, in either case,
(x) the default has been cured or waived and any such acceleration has been rescinded or (y) all
Obligations in respect of such Designated Senior Indebtedness has been indefeasibly paid in full in
cash; provided, however, that the Company may pay the Securities without regard to
the foregoing if the Company and the Trustee receive written notice approving such payment from the
Representatives of the Designated Senior Indebtedness with respect to which either of the events
set forth in clause (i) or (ii) above has occurred or is continuing. During the continuance of any
default (other than a default described in clause (i) or (ii) of the preceding sentence) with
respect to any Designated Senior Indebtedness, pursuant to which the maturity thereof may be
accelerated immediately without further notice (except such notice as may be required to effect
such acceleration) or the expiration of any applicable grace periods, the Company may not pay the
Securities for a period (a “Payment Blockage Period”) commencing upon the receipt by the
Trustee (with a copy to the Company) of written notice (a “Blockage Notice”) of such
default from the Representative of such Designated Senior Indebtedness specifying an election to
effect a Payment Blockage Period, and ending 179 days thereafter (or earlier if such Payment
Blockage Period is terminated (i) by written notice to the Trustee and the Company from the Person
or Persons who gave such Blockage Notice, (ii) by payment in full in cash of all Obligations in
respect of such Designated Senior Indebtedness, or (iii) unless the Designated Senior Indebtedness
has been accelerated, because the default giving rise to such Blockage Notice is no longer
continuing). Notwithstanding the provisions described in the immediately preceding sentence (but
subject to the provisions contained in the first sentence of this Section), unless the holders of
such Senior Indebtedness or the Representative of such holders shall have accelerated the maturity
of such Senior Indebtedness, the Company may resume payments on the Securities after such Payment
Blockage Period if this Article
[     ]  otherwise permits such payments at that time. No more than
one Blockage Notice may be given in any consecutive 360-day period, irrespective of the number of
defaults with respect to Senior Indebtedness during such period.

     Section [D]. Acceleration of Payment of Securities. If payment of the Securities is
accelerated because of an Event of Default, the Company or the Trustee shall promptly notify the
holders of the Senior Indebtedness (or their Representatives) of the acceleration. If any Senior
Indebtedness is outstanding, the Company may not pay the Securities until five Business Days after
holders of the Senior Indebtedness (or their Representatives) receive notice of such acceleration
and, thereafter, may pay the Securities only if this Article [___] otherwise permits payments at
that time.

     Section [E]. When Distributions Must Be Paid Over. In the event that the Trustee or
any Holder receives any payment of any Obligations with respect to the Securities at a time when
such payment is prohibited by this Article [     ], such payment shall be held by the Trustee or such
Holder, in trust for the benefit of, and shall be paid forthwith over and delivered, upon proper
written request, to, the holders of Senior Indebtedness (or their Representatives), as their
respective interests may appear, for application to the payment of all Obligations with respect to
Senior Indebtedness remaining unpaid to the extent necessary to pay such Obligations in full in
cash in accordance with their terms, after giving effect to any concurrent payment or distribution
to or for the holders of Senior Indebtedness.

-4-

 

     Section [F]. Subrogation. After all Senior Indebtedness is paid in full in cash and
all commitments under the Designated Senior Indebtedness are terminated, and until the Securities
are paid in full, Holders of Securities shall be subrogated to the rights of holders of Senior
Indebtedness to receive distributions applicable to Senior Indebtedness to the extent that
distributions otherwise payable to the Holders of Notes have been applied to payment of Obligations
in respect of Senior Indebtedness. A distribution made under this Article [___] to holders of
Senior Indebtedness which otherwise would have been made to Holders of Securities is not, as
between the Company and Holders of Securities, a payment by the Company on Senior Indebtedness.

     Section [G]. Relative Rights. This Article [___] defines the relative rights of
Holders of Securities and holders of Senior Indebtedness. Nothing in this Indenture shall: (1)
impair, as between the Company and Holders of Securities, the obligation of the Company, which is
absolute and unconditional, to pay principal of and interest on the Securities in accordance with
their terms; or (2) prevent the Trustee or any Holder of Securities from exercising its available
remedies upon an Event of Default, subject to the rights of holders of Senior Indebtedness to
receive distributions otherwise payable to Holders of Securities.

     Section [H]. Subordination May Not Be Impaired by Company. No right of any holder of
Senior Indebtedness to enforce the subordination of the Indebtedness evidenced by the Securities
shall be impaired by any act or failure to act by the Company or by the failure of the Company to
comply with this Indenture.

     Section [I]. Rights of Trustee and Paying Agent. Notwithstanding Section [C] of this
Article [___], the Trustee or Paying Agent may continue to make payments on the Securities and
shall not be charged with knowledge of the existence of facts that would prohibit the making of any
such payments unless, not less than two Business Days prior to the date of such payment, a trust
officer of the Trustee receives notice satisfactory to it that payments may not be made under this
Article [___]. The Company, the Registrar or co-registrar, the Paying Agent, a Representative or
a holder of Designated Senior Indebtedness may give the notice; provided, however,
that, if an issue of Designated Senior Indebtedness has a Representative, only the Representative
may give the notice. The Trustee in its individual or any other capacity may hold Senior
Indebtedness with the same rights it would have if it were not Trustee. The Registrar and
co-registrar and the Paying Agent may do the same with like rights. The Trustee shall be entitled
to all the rights set forth in this Article [___] with respect to any Senior Indebtedness, which
may at any time be held by it, to the same extent as any other holder of Senior Indebtedness; and
nothing in Article [___] [REF. TO ARTICLE RE DUTIES OF TRUSTEE] shall deprive the Trustee of any of
its rights as such holder. Nothing in this Article [___] shall apply to claims of, or payments
to, the Trustee under or pursuant to Article [___] [REF. TO ARTICLE RE DUTIES OF TRUSTEE].

     Section [J]. Distribution or Notice to Representative. Whenever a distribution is to
be made or a notice given to holders of Senior Indebtedness, the distribution may be made and the
notice given to their Representatives (if any).

     Section [K]. Article [___] Not To Prevent Events of Default or Limit Right To
Accelerate. The failure to make a payment pursuant to the Securities by reason of any
provision

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in this Article [___] shall not be construed as preventing the occurrence of an Event of
Default. Nothing in this Article [___] shall have any effect on the right of the Holders of
Securities or the Trustee to accelerate the maturity of the Securities.

     Section [L]. Trust Moneys Not Subordinated. Notwithstanding anything contained
herein to the contrary, payments from money or the proceeds of U.S. government obligations held in
trust under Section [___] [SECTION REQUIRING ADVANCE DEPOSITS WITH TRUSTEE FOR PAYMENTS ON
SECURITIES BEFORE DUE DATES, WITH SUCH MONEYS THEN HELD IN TRUST] by the Trustee for the payment
of principal of and interest on the Securities shall, to the extent that deposit or payment into
trust of such monies or obligations was made in accordance with this Article [     ], not be
subordinated to the prior payment of any Senior Indebtedness, or subject to the restrictions set
forth in this Article [___], and none of the Holders of Securities shall be obligated to pay over
any such amount to the Company, or any holder of Senior Indebtedness of the Company or any other
creditor of the Company.

     Section [M]. Trustee Entitled to Rely. Upon any payment or distribution pursuant to
this Article [___], the Trustee and the Holders of Securities shall be entitled to rely (i) upon
any order or decree of a court of competent jurisdiction in which any proceedings of the nature
referred to in Section [B] of this Article [___] are pending that is consistent with this Article[
], (ii) upon a certificate of the liquidating trustee or agent or other Person making such payment
or distribution to the Trustee or to the Holders of Securities that is consistent with this Article
[     ] or (iii) upon the Representatives for the holders of Senior Indebtedness for the purpose of
ascertaining the Persons entitled to participate in such payment or distribution, the holders of
the Senior Indebtedness, and other Indebtedness of the Company, the amount thereof or payable
thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or
to this Article [___]. In the event that the Trustee determines, in good faith, that evidence is
required with respect to the right of any Person as a holder of Senior Indebtedness to participate
in any payment or distribution pursuant to this Article [___], the Trustee may request such
Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior
Indebtedness held by such Person, the extent to which such Person is entitled to participate in
such payment or distribution and other facts pertinent to the rights of such Person under this
Article [___], and, if such evidence is not furnished, the Trustee may defer any payment to such
Person pending judicial determination as to the right of such Person to receive such payment.

     Section [N]. Trustee To Effectuate Subordination. Each Holder of Securities by
accepting a Security authorizes and directs the Trustee on his behalf to take such action as may be
necessary or appropriate to acknowledge or effectuate the subordination between the Holders of
Securities and the holders of Senior Indebtedness as provided in this Article [___] and appoints
the Trustee as attorney-in-fact for any and all such purposes.

     Section [O]. Trustee Not Fiduciary for Holders of Senior Indebtedness. The Trustee
shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not
be liable to any such holders if it shall mistakenly pay over or distribute to Holders of
Securities, the Company, or any other Person, money or assets to which any holders of Senior
Indebtedness

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shall be entitled by virtue of this Article [___] or otherwise, except if such payment was
made as a result of the willful misconduct or gross negligence of the Trustee.

Section [P]. Reliance by Holders of Senior Indebtedness on Subordination Provisions. Each
Holder of Securities by accepting a Security acknowledges and agrees that the foregoing
subordination provisions are, and are intended to be, an inducement and a consideration to each
holder of any Senior Indebtedness whether such Senior Indebtedness was created or acquired before
or after the issuance of the Securities, to acquire and continue to hold, or to continue to hold,
such Senior Indebtedness and such holder of Senior Indebtedness shall be deemed conclusively to
have relied on such subordination provisions in acquiring and continuing to hold, or in continuing
to hold, such Senior Indebtedness.

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SCHEDULE 1.1(e)

MORTGAGES AND TITLE POLICIES

Item 1

     (a) the Amended and Restated Second Mortgage, Assignment of Leases and Rents, Security
Agreement and Fixture Filing between Reliant Energy Indian River, LLC (now known as Reliant Energy
Florida, LLC), as mortgagor, and Wachovia Bank, National Association, as Collateral Trustee, as
mortgagee, dated July 1, 2003, recorded on July 10, 2003 in the Public Records of Brevard County,
Florida under File Number 2003207630 in Official Records Book 4974, Page 1831, as supplemented by
that certain Supplement to Amended and Restated Second Mortgage, Assignment of Leases and Rents,
Security Agreement and Fixture Filing dated as of December 22, 2004 between Reliant Energy Florida,
LLC, as mortgagor, and Wachovia Bank, National Association, as Collateral Trustee, as mortgagee
(unrecorded), as further supplemented by that certain Second Supplement to Amended and Restated
Second Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated
October 7, 2005 between Reliant Energy Florida, LLC, as mortgagor, and Wachovia Bank, National
Association, as Collateral Trustee, as mortgagee (unrecorded), as further supplemented by that
certain Third Supplement to Amended and Restated Second Mortgage, Assignment of Leases and Rents,
Security Agreement and Fixture Filing dated December 1, 2006 between Reliant Energy Florida, LLC,
as mortgagor, and U.S. Bank National Association (as successor-in-interest to Wachovia Bank,
National Association), as Collateral Trustee, as mortgagee (unrecorded); and

     (b) the Amended and Restated Second Mortgage, Assignment of Leases and Rents, Security
Agreement and Fixture Filing between Reliant Energy Osceola, LLC, as mortgagor, and Wachovia Bank,
National Association, as Collateral Trustee, as mortgagee, dated July 1, 2003, recorded on July 10,
2003 in the Public Records of Osceola County, Florida under File Number 2003121721 in Official
Records Book 2289, Page 1919, as supplemented by that certain Supplement to Amended and Restated
Second Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated
December 22, 2004 between Reliant Energy Florida, LLC (into which Reliant Energy Osceola, LLC,
among other companies, was merged), as mortgagor, and Wachovia Bank, National Association, as
Collateral Trustee, as mortgagee (unrecorded), as further supplemented by that certain Second
Supplement to Amended and Restated Second Mortgage, Assignment of Leases and Rents, Security
Agreement and Fixture Filing dated October 7, 2005 between Reliant Energy Florida, LLC, as
mortgagor, and Wachovia Bank, National Association, as Collateral Trustee, as mortgagee
(unrecorded), as further supplemented by that certain Third Supplement to Amended and Restated
Second Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated
December 1, 2006 between Reliant Energy Florida, LLC, as mortgagor, and U.S. Bank National
Association (as successor-in-interest to Wachovia Bank, National Association), as Collateral
Trustee, as mortgagee (unrecorded).

Item 2

 

 

     (a) the Amended and Restated Second Mortgage, Assignment of Leases and Rents, Security
Agreement and Fixture Filing between Reliant Energy Aurora, LP, as mortgagor, and Wachovia Bank,
National Association, as Collateral Trustee, as mortgagee, dated July 1, 2003, recorded on July 11,
2003 under Document Number R2003-264365 in the Recorder’s Office of DuPage County, Illinois, as
supplemented by that certain First Supplement to Amended and Restated Second Mortgage, Assignment
of Leases and Rents, Security Agreement and Fixture Filing dated December 22, 2004 between Reliant
Energy Aurora, LP, as mortgagor, and Wachovia Bank, National Association, as Collateral Trustee, as
mortgagee, recorded on December 22, 2004 under Document Number R2004-319528 in the Recorder’s
Office of DuPage County, Illinois, as further supplemented by that certain Second Supplement to
Amended and Restated Second Mortgage, Assignment of Leases and Rents, Security Agreement and
Fixture Filing dated October 7, 2005 between Reliant Energy Wholesale Generation, LLC (into which
Reliant Energy Aurora, LP, among other companies, was merged), as mortgagor, and Wachovia Bank,
National Association, as Collateral Trustee, as mortgagee, recorded on October 25, 2005 under
Document Number R2005-238850 in the Recorder’s Office of DuPage County, Illinois, as further
supplemented by that certain Third Supplement to Amended and Restated Second Mortgage, Assignment
of Leases and Rents, Security Agreement and Fixture Filing dated December 1, 200 between Reliant
Energy Wholesale Generation, LLC (into which Reliant Energy Aurora, LP, among other companies, was
merged), as mortgagor, and U.S. Bank National Association (as successor-in-interest to Wachovia
Bank, National Association), as Collateral Trustee, as mortgagee, recorded on December 7, 2005
under Document Number R2006-235455 in the Recorder’s Office of DuPage County, Illinois;

     (b) the Amended and Restated Second Leasehold Deed of Trust, Assignment of Leases and Rents,
Security Agreement and Fixture Filing by Reliant Energy Bighorn, LLC, as trustor, in favor of
Fidelity National Title Insurance Company, as trustee, for the benefit of Wachovia Bank, National
Association, as Collateral Trustee, as beneficiary, dated July 1, 2003, recorded on July 8, 2003 as
Instrument Number 00630 in Book 20030708 of the Official Records of Clark County, Nevada, as
supplemented by that certain First Supplement to Amended and Restated Second Leasehold Deed of
Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated December 22,
2004 by Reliant Energy Wholesale Generation, LLC (into which Reliant Energy Bighorn, LLC, among
other companies, was merged), as trustor, in favor of Fidelity National Title Insurance Company, as
trustee, for the benefit of Wachovia Bank, National Association, as Collateral Trustee, as
beneficiary, recorded as Instrument Number 3580 in Book 20041222 of the Official Records of Clark
County, Nevada on December 22, 2004, as further supplemented by that certain Second Supplement to
Amended and Restated Second Leasehold Deed of Trust, Assignment of Leases and Rents, Security
Agreement and Fixture Filing dated October 7, 2005 by Reliant Energy Wholesale Generation, LLC, as
trustor, in favor of Fidelity National Title Insurance Company, as trustee, for the benefit of
Wachovia Bank, National Association, as Collateral Trustee, as beneficiary, recorded as Instrument
Number 02253 in Book 20051102 of the Official Records of Clark County, Nevada on November 2, 2005,
as further supplemented by that certain Third Supplement to Amended and Restated Second Leasehold
Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated December
1, 2006 by Reliant Energy Wholesale Generation, LLC, as trustor, in favor of Fidelity National
Title Insurance Company, as trustee, for the benefit of U.S. Bank National Association (as
successor-in-interest to Wachovia Bank, National Association), as

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Collateral Trustee, as beneficiary, recorded as Instrument Number 0005432 in Book 20061207 of
the Official Records of Clark County, Nevada on December 7, 2006;

     (c) the Amended and Restated Second Fee and Leasehold Deed of Trust, Assignment of Leases and
Rents, Security Agreement and Fixture Filing by Reliant Energy Choctaw County, LLC, as trustor, in
favor of W. Rodney Clement Jr., as trustee, for the benefit of Wachovia Bank, National Association,
as Collateral Trustee, as beneficiary, dated July 1, 2003, recorded on July 7, 2003 in Land
Mortgage Book 158 at Page 685 in the Office of the Chancery Clerk of Choctaw County, Mississippi,
as supplemented by that certain First Supplement to Amended and Restated Second Fee and Leasehold
Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated December
22, 2004 by Reliant Energy Wholesale Generation, LLC (into which Reliant Energy Choctaw County,
LLC, among other companies, was merged), as trustor, in favor of W. Rodney Clement Jr., as trustee,
for the benefit of Wachovia Bank, National Association, as Collateral Trustee, as beneficiary,
recorded in Land Mortgage Book 166 at Page 275 in the Office of the Chancery Clerk of Choctaw
County, Mississippi, on December 22, 2004, as further supplemented by that certain Second
Supplement to Amended and Restated Second Fee and Leasehold Deed of Trust, Assignment of Leases and
Rents, Security Agreement and Fixture Filing dated October 7, 2005 by Reliant Energy Wholesale
Generation, LLC, as trustor, in favor of W. Rodney Clement Jr., as trustee, for the benefit of
Wachovia Bank, National Association, as Collateral Trustee, as beneficiary, recorded in Land
Mortgage Book 169 at Page 736 in the Office of the Chancery Clerk of Choctaw County, Mississippi,
on October 25, 2005, as further supplemented by that certain Third Supplement to Amended and
Restated Second Fee and Leasehold Deed of Trust, Assignment of Leases and Rents, Security Agreement
and Fixture Filing dated December 1, 2006 by Reliant Energy Wholesale Generation, LLC, as trustor,
in favor of W. Rodney Clement Jr., as trustee, for the benefit of U.S. Bank National Association
(as successor-in-interest to Wachovia Bank, National Association), as Collateral Trustee, as
beneficiary, recorded in Land Mortgage Book 174 at Page 491 in the Office of the Chancery Clerk of
Choctaw County, Mississippi, on December 7, 2006;

     (d) the Amended and Restated Second Deed of Trust, Assignment of Leases and Rents, Security
Agreement and Fixture Filing by Reliant Energy Coolwater, Inc., as trustor, in favor of Fidelity
National Title Insurance Company, as trustee, for the benefit of Wachovia Bank, National
Association, as Collateral Trustee, as beneficiary, dated July 1, 2003, recorded on July 8, 2003 as
Instrument Number 2003-0496401 in the Official Records of San Bernardino County, California, as
supplemented by that certain First Supplement to Amended and Restated Second Deed of Trust,
Assignment of Leases and Rents, Security Agreement and Fixture Filing dated December 22, 2004 by
Reliant Energy Coolwater, Inc., as trustor, in favor of Fidelity National Title Insurance Company,
as trustee, for the benefit of Wachovia Bank, National Association, as Collateral Trustee, as
beneficiary, recorded as Document Number 2004-0961244 in the Official Records of San Bernardino
County, California on December 30, 2004, as further supplemented by that certain Second Supplement
to Amended and Restated Second Deed of Trust, Assignment of Leases and Rents, Security Agreement
and Fixture Filing dated October 7, 2005 by Reliant Energy Coolwater, Inc., as trustor, in favor of
Fidelity National Title Insurance Company, as trustee, for the benefit of Wachovia Bank, National
Association, as Collateral Trustee, as beneficiary, recorded as Document Number 2005-0831126 in the
Official Records of San Bernardino County, California on November 3, 2005, as further supplemented
by that certain Third Supplement to Amended and Restated Second Deed of Trust, Assignment of

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Leases and Rents, Security Agreement and Fixture Filing dated December 1, 2006 by Reliant
Energy Coolwater, Inc., as trustor, in favor of Fidelity National Title Insurance Company, as
trustee, for the benefit of U.S. Bank National Association (as successor-in-interest to Wachovia
Bank, National Association), as Collateral Trustee, as beneficiary, recorded as Document Number
2006-0851275 in the Official Records of San Bernardino County, California on December 11, 2006;

     (e) the Amended and Restated Second Deed of Trust, Assignment of Leases and Rents, Security
Agreement and Fixture Filing by Reliant Energy Ellwood, Inc., as trustor, in favor of Fidelity
National Title Insurance Company, as trustee, for the benefit of Wachovia Bank, National
Association, as Collateral Trustee, as beneficiary, dated July 1, 2003, recorded on July 8, 2003 as
Instrument Number 2003-0090272 in the Official Records of Santa Barbara County, California, as
supplemented by that certain First Supplement to Amended and Restated Second Deed of Trust,
Assignment of Leases and Rents, Security Agreement and Fixture Filing dated December 22, 2004 by
Reliant Energy Ellwood, Inc., as trustor, in favor of Fidelity National Title Insurance Company, as
trustee, for the benefit of Wachovia Bank, National Association, as Collateral Trustee, as
beneficiary, recorded as Instrument Number 2004-0136228 in the Official Records of Santa Barbara
County, California on December 27, 2004, as further supplemented by that certain Second Supplement
to Amended and Restated Second Deed of Trust, Assignment of Leases and Rents, Security Agreement
and Fixture Filing dated October 7, 2005 by Reliant Energy Ellwood, Inc., as trustor, in favor of
Fidelity National Title Insurance Company, as trustee, for the benefit of Wachovia Bank, National
Association, as Collateral Trustee, as beneficiary, recorded as Instrument Number 2005-0109303 in
the Official Records of Santa Barbara County, California on November 14, 2005, as further
supplemented by that certain Third Supplement to Amended and Restated Second Deed of Trust,
Assignment of Leases and Rents, Security Agreement and Fixture Filing dated December 1, 2006 by
Reliant Energy Ellwood, Inc., as trustor, in favor of Fidelity National Title Insurance Company, as
trustee, for the benefit of U.S. Bank National Association (as successor-in-interest to Wachovia
Bank, National Association), as Collateral Trustee, as beneficiary, recorded as Instrument Number
2006-0095532 in the Official Records of Santa Barbara County, California on December 8, 2006;

     (f) the Amended and Restated Second Deed of Trust, Assignment of Leases and Rents, Security
Agreement and Fixture Filing by Reliant Energy Etiwanda, Inc., as trustor, in favor of Fidelity
National Title Insurance Company, as trustee, for the benefit of Wachovia Bank, National
Association, as Collateral Trustee, as beneficiary, dated July 1, 2003, recorded on July 8, 2003 as
Document Number 2003-0496391 in the Official Records of San Bernardino County, California and
recorded on July 8, 2003 as Document Number 2003-507416 in the Official Records of Riverside
County, California, as supplemented by that certain First Supplement to Amended and Restated Second
Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated December
22, 2004 by Reliant Energy Etiwanda, Inc., as trustor, in favor of Fidelity National Title
Insurance Company, as trustee, for the benefit of Wachovia Bank, National Association, as
Collateral Trustee, as beneficiary, recorded as Document Number 2004-0961247 in the Official
Records of San Bernardino County, California on December 30, 2004, and as Document Number
2005-0022917 in the Official Records of Riverside County, California on January 10, 2005, as
further supplemented by that certain Second Supplement to Amended and Restated Second Deed of
Trust, Assignment of Leases and

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Rents, Security Agreement and Fixture Filing dated October 7, 2005 by Reliant Energy Etiwanda,
Inc., as trustor, in favor of Fidelity National Title Insurance Company, as trustee, for the
benefit of Wachovia Bank, National Association, as Collateral Trustee, as beneficiary, recorded as
Document Number 2005-0831105 in the Official Records of San Bernardino County, California on
November 3, 2005, and as Document Number 2005-0926226 in the Official Records of Riverside County,
California on November 8, 2005, as further supplemented by that certain Third Supplement to Amended
and Restated Second Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture
Filing dated December 1, 2006 by Reliant Energy Etiwanda, Inc., as trustor, in favor of Fidelity
National Title Insurance Company, as trustee, for the benefit of U.S. Bank National Association (as
successor-in-interest to Wachovia Bank, National Association), as Collateral Trustee, as
beneficiary, recorded as Document Number 2006-0851274 in the Official Records of San Bernardino
County, California on December 11, 2006, and as Document Number 2006-0905232 in the Official
Records of Riverside County, California on December 8, 2006;

     (g) the Amended and Restated Second Fee and Leasehold Mortgage, Assignment of Leases and
Rents, Security Agreement and Fixture Filing between Reliant Energy Hunterstown, LLC, as mortgagor,
and Wachovia Bank, National Association, as Collateral Trustee, as mortgagee, dated July 1, 2003,
recorded on July 8, 2003 in the Office of the Recorder of Deeds in and for Adams County,
Pennsylvania in Mortgage Book 3185, Page 1, as supplemented by that certain First Supplement to
Amended and Restated Second Fee and Leasehold Mortgage, Assignment of Leases and Rents, Security
Agreement and Fixture Filing dated December 22, 2004 between Reliant Energy Wholesale Generation,
LLC (into which Reliant Energy Hunterstown, LLC, among other companies, was merged), as mortgagor,
and Wachovia Bank, National Association, as Collateral Trustee, as mortgagee, recorded on December
22, 2004 in the Office of the Recorder of Deeds in and for Adams County, Pennsylvania in Mortgage
Book 3814, Page 274, as further supplemented by that certain Second Supplement to Amended and
Restated Second Fee and Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement and
Fixture Filing made as of October 6, 2005 but effective as of October 7, 2005 between Reliant
Energy Wholesale Generation, LLC, as mortgagor, and Wachovia Bank, National Association, as
Collateral Trustee, as mortgagee, recorded on October 26, 2005 in the Office of the Recorder of
Deeds in and for Adams County, Pennsylvania in Mortgage Book 4180, Page 102, as further
supplemented by that certain Third Supplement to Amended and Restated Second Fee and Leasehold
Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing made as of November
30, 2006 but effective as of December 1, 2006 between Reliant Energy Wholesale Generation, LLC, as
mortgagor, and U.S. Bank National Association (as successor-in-interest to Wachovia Bank, National
Association), as Collateral Trustee, as mortgagee, recorded on December 11, 2006 in the Office of
the Recorder of Deeds in and for Adams County, Pennsylvania in Mortgage Book 4673, Page 49;

     (h) the Amended and Restated Second Fee and Leasehold Deed of Trust, Assignment of Leases and
Rents, Security Agreement and Fixture Filing by Reliant Energy Mandalay, Inc., as trustor, in favor
of Fidelity National Title Insurance Company, as trustee, for the benefit of Wachovia Bank,
National Association, as Collateral Trustee, as beneficiary, dated July 1, 2003, recorded on July
15, 2003 as Instrument Number 20030715-0264709 in the Official Records of Ventura County,
California, as supplemented by that certain First Supplement to Amended and Restated Second Fee and
Leasehold Deed of Trust, Assignment of Leases and Rents, Security

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Agreement and Fixture Filing dated December 22, 2004 by Reliant Energy Mandalay, Inc., as
trustor, in favor of Fidelity National Title Insurance Company, as trustee, for the benefit of
Wachovia Bank, National Association, as Collateral Trustee, as beneficiary, recorded as Instrument
Number 20041229-0344165 in the Official Records of Ventura County, California on December 29, 2004,
as further supplemented by that certain Second Supplement to Amended and Restated Second Fee and
Leasehold Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing
dated October 7, 2005 by Reliant Energy Mandalay, Inc., as trustor, in favor of Fidelity National
Title Insurance Company, as trustee, for the benefit of Wachovia Bank, National Association, as
Collateral Trustee, as beneficiary, recorded as Instrument Number 20051107-0272487 in the Official
Records of Ventura County, California on November 7, 2005, as further supplemented by that certain
Third Supplement to Amended and Restated Second Fee and Leasehold Deed of Trust, Assignment of
Leases and Rents, Security Agreement and Fixture Filing dated December 1, 2006 by Reliant Energy
Mandalay, Inc., as trustor, in favor of Fidelity National Title Insurance Company, as trustee, for
the benefit of U.S. Bank National Association (as successor-in-interest to Wachovia Bank, National
Association), as Collateral Trustee, as beneficiary, recorded as Instrument Number
20061211-00258860-0 in the Official Records of Ventura County, California on December 11, 2006;

     (i) the Amended and Restated Second Deed of Trust, Assignment of Leases and Rents, Security
Agreement and Fixture Filing by Reliant Energy Ormond Beach, Inc., as trustor, in favor of Fidelity
National Title Insurance Company, as trustee, for the benefit of Wachovia Bank, National
Association, as Collateral Trustee, as beneficiary, dated July 1, 2003, recorded on July 15, 2003
as Instrument Number 20030715-0263977 in the Official Records of Ventura County, California, as
supplemented by that certain First Supplement to Amended and Restated Second Deed of Trust,
Assignment of Leases and Rents, Security Agreement and Fixture Filing dated December 22, 2004 by
Reliant Energy Ormond Beach, Inc., as trustor, in favor of Fidelity National Title Insurance
Company, as trustee, for the benefit of Wachovia Bank, National Association, as Collateral Trustee,
as beneficiary, recorded as Instrument Number 20041229-0344171 in the Official Records of Ventura
County, California on December 29, 2004, as further supplemented by that certain Second Supplement
to Amended and Restated Second Deed of Trust, Assignment of Leases and Rents, Security Agreement
and Fixture Filing dated October 7, 2005 by Reliant Energy Ormond Beach, Inc., as trustor, in favor
of Fidelity National Title Insurance Company, as trustee, for the benefit of Wachovia Bank,
National Association, as Collateral Trustee, as beneficiary, recorded as Instrument Number
20051027-0265505 in the Official Records of Ventura County, California on October 27, 2005, as
further supplemented by that certain Third Supplement to Amended and Restated Second Deed of Trust,
Assignment of Leases and Rents, Security Agreement and Fixture Filing dated December 1, 2006 by
Reliant Energy Ormond Beach, Inc., as trustor, in favor of Fidelity National Title Insurance
Company, as trustee, for the benefit of U.S. Bank National Association (as successor-in-interest to
Wachovia Bank, National Association), as Collateral Trustee, as beneficiary, recorded as Instrument
Number 20061211-00258859-0 in the Official Records of Ventura County, California on December 11,
2006;

     (j) the Amended and Restated Second Fee and Leasehold Mortgage, Assignment of Leases and
Rents, Security Agreement and Fixture Filing between Reliant Energy Seward, LLC, as mortgagor, and
Wachovia Bank, National Association, as Collateral Trustee, as mortgagee, dated July 1, 2003,
recorded on July 9, 2003 in the Office of the Recorder of Deeds in and for

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Indiana County, Pennsylvania in Mortgage Book Volume 1305 Page 452, as supplemented by that
certain First Supplement to Amended and Restated Second Fee and Leasehold Mortgage, Assignment of
Leases and Rents, Security Agreement and Fixture Filing dated effective as of December 22, 2004
between Reliant Energy Seward, LLC, as mortgagor, and Wachovia Bank, National Association, as
Collateral Trustee, as mortgagee, recorded on December 23, 2004 in the Office of the Recorder of
Deeds in and for Indiana County, Pennsylvania in Mortgage Book Volume 1454, Page 649, as further
supplemented by that certain Second Supplement to Amended and Restated Second Fee and Leasehold
Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing made as of October
6, 2005 but effective as of October 7, 2005 between Reliant Energy Seward, LLC, as mortgagor, and
Wachovia Bank, National Association, as Collateral Trustee, as mortgagee, recorded on October 28,
2005 in the Office of the Recorder of Deeds in and for Indiana County, Pennsylvania in Mortgage
Book Volume 1536, Page 442, as further supplemented by that certain Third Supplement to Amended and
Restated Second Fee and Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement and
Fixture Filing made as of November 30, 2006 but effective as of December 1, 2006 between Reliant
Energy Seward, LLC, as mortgagor, and U.S. Bank National Association (as successor-in-interest to
Wachovia Bank, National Association), as Collateral Trustee, as mortgagee, recorded on December 7,
2006 in the Office of the Recorder of Deeds in and for Indiana County, Pennsylvania in Mortgage
Book Volume 1640, Page 226;

     (k) the Amended and Restated Second Mortgage, Assignment of Leases and Rents, Security
Agreement and Fixture Filing between Reliant Energy Shelby County, LP, as mortgagor, and Wachovia
Bank, National Association, as Collateral Trustee, as mortgagee, dated July 1, 2003, recorded on
July 7, 2003 under Document Number 03-3266 in the Recorder’s Office of Shelby County, Illinois and
recorded on July 10, 2003 under Document Number 2003R01809 in Record Book 152, Page 68 of the
Recorder’s Office of Cumberland County, Illinois, as supplemented by that certain First Supplement
to Amended and Restated Second Mortgage, Assignment of Leases and Rents, Security Agreement and
Fixture Filing dated December 22, 2004 between Reliant Energy Shelby County, LP, as mortgagor, and
Wachovia Bank, National Association, as Collateral Trustee, as mortgagee, recorded on December 23,
2004 under Document Number 04-4915 in the Recorder’s Office of Shelby County, Illinois, and
recorded on December 22, 2004 under Document Number 2004R02716 in the Recorder’s Office of
Cumberland County, Illinois, as further supplemented by that certain Second Supplement to Amended
and Restated Second Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing
dated October 7, 2005 between Reliant Energy Wholesale Generation, LLC (into which Reliant Energy
Shelby County, LP, among other companies, was merged), as mortgagor, and Wachovia Bank, National
Association, as Collateral Trustee, as mortgagee, recorded on October 31, 2005 under Document
Number 05-3967 in the Recorder’s Office of Shelby County, Illinois, and recorded on October 25,
2005 under Document Number 2005R02870 in the Recorder’s Office of Cumberland County, Illinois, as
further supplemented by that certain Third Supplement to Amended and Restated Second Mortgage,
Assignment of Leases and Rents, Security Agreement and Fixture Filing dated December 1, 2006
between Reliant Energy Wholesale Generation, LLC (into which Reliant Energy Shelby County, LP,
among other companies, was merged), as mortgagor, and U.S. Bank National Association (as
successor-in-interest to Wachovia Bank, National Association), as Collateral Trustee, as mortgagee,
recorded on December 7, 2006 under Document Number 06-4008 in the Recorder’s

-7-

 

Office of Shelby County, Illinois, and recorded on December 7, 2006 under Document Number
2006R02442 in the Recorder’s Office of Cumberland County, Illinois; and

     (l) the Existing Florida Mortgages.

Item 3

     (a) Loan Policy of Title Insurance (Policy No. 26-041-92-198619) issued by Fidelity National
Title Insurance Company of New York, as co-insurer, and endorsed by First American Title Insurance
Company (Co-Insurance Policy Certificate No. 32602-ILCI-003-B), as co-insurer, as modified by
Modification Endorsement dated July 11, 2003, and further modified by Modification Endorsement
dated December 22, 2004, as further modified by Modification Endorsement dated October 25, 2005,
and as further modified by Modification Endorsement dated December 7, 2006;

     (b) Loan Policy of Title Insurance (Policy No. 27-041-92-243358) issued by Fidelity National
Title Insurance Company and re-insured by Chicago Title Insurance Company, as modified by
Modification Endorsement dated July 8, 2003, and further modified by Modification Endorsement dated
December 22, 2004, as further modified by Modification Endorsement dated November 2, 2005, and as
further modified by Modification Endorsement dated December 7, 2006;

     (c) (i) Loan Policy of Title Insurance (Policy No. G47-1007534) issued by Lawyers Title
Insurance Corporation as co-insurer, and re-insured by Commonwealth Land Title Insurance Company
and Transnation Title Insurance Company, (ii) Loan Policy of Title Insurance (Policy No.
26-041-92-198990) issued by Fidelity National Title Insurance Company of New York as co-insurer,
and (iii) Loan Policy of Title Insurance (Policy No. M-9994-5515164) issued by Stewart Title
Guaranty Company, all as modified by Modification Endorsements dated July 1, 2003, and all as
further modified by Modification Endorsements dated December 22, 2004, and all as further modified
by Modification Endorsement dated October 25, 2005, and all as further modified by Modification
Endorsement dated December 7, 2006;

     (d) Loan Policy of Title Insurance (Policy No. 27-041-92-243362) issued by Fidelity National
Title Insurance Company, as co-insurer, and endorsed by First American Title Insurance Company
(Co-Insurance Policy Certificate No. 32602-CACI-004-B), as co-insurer, as modified by Modification
Endorsement dated July 8, 2003, and further modified by Modification Endorsement dated December 22,
2004, and as further modified by Modification Endorsement dated November 3, 2005, and as further
modified by Modification Endorsement dated December 7, 2006;

     (e) Loan Policy of Title Insurance (Policy No. 27-041-92-243351) issued by Fidelity National
Title Insurance Company, as co-insurer, and endorsed by First American Title Insurance Company
(Co-Insurance Policy Certificate No. 32602-CACI-005-B), as co-insurer, as modified by Modification
Endorsement dated July 8, 2003, and further modified by Modification Endorsement dated December 22,
2004, and as further modified by Modification Endorsement

-8-

 

dated November 14, 2005, and as further modified by Modification Endorsement dated December 7,
2006;

     (f) Loan Policy of Title Insurance (Policy No. 27-041-92-243364) issued by Fidelity National
Title Insurance Company, as co-insurer, and endorsed by First American Title Insurance Company
(Co-Insurance Policy Certificate No. 32602-CACI-006-B), as co-insurer, and re-insured by Fidelity
National Title Insurance Company of New York, Security Union Title Insurance Company, Chicago Title
Insurance Company, Ticor Title Insurance, and Alamo Title Insurance, as modified by Modification
Endorsement dated July 8, 2003, and further modified by Modification Endorsement dated December 22,
2004, and as further modified by Modification Endorsement dated November 3, 2005 as to San
Bernardino County and dated November 8, 2005 as to Riverside County, and as further modified by
Modification Endorsement dated December 7, 2006 as to San Bernardino County and dated December 7,
2006 as to Riverside County;

     (g) (i) Loan Policy of Title Insurance (Policy No. G47-1651038) issued by Lawyers Title
Insurance Corporation as co-insurer, and re-insured by Commonwealth Land Title Insurance Company
and Transnation Title Insurance Company, (ii) Loan Policy of Title Insurance (Policy No.
26-041-92-198991) issued by Fidelity National Title Insurance Company of New York as co-insurer,
and (iii) Loan Policy of Title Insurance (Policy No. M-9994-5515162) issued by Stewart Title
Guaranty Company, all as modified by Modification Endorsements dated July 1, 2003, and all as
further modified by Modification Endorsements dated December 22, 2004, and all as further modified
by Modification Endorsement dated October 26, 2005, and all as further modified by Modification
Endorsement dated December 7, 2006;

     (h) Loan Policy of Title Insurance (Policy No. 5482-255764) issued by Fidelity National Title
Insurance Company of New York, and re-insured by Security Union Title Insurance Company, Chicago
Title Insurance Company, Ticor Title Insurance, and First American Title Insurance Company, as
modified by Modification Endorsement dated July 10, 2003;

     (i) Loan Policy of Title Insurance (Policy No. 27-041-92-243353) issued by Fidelity National
Title Insurance Company, as co-insurer, and endorsed by First American Title Insurance Company
(Co-Insurance Policy Certificate No. 32602-CACI-007-B), as co-insurer, and re-insured by Fidelity
National Title Insurance Company of New York, Security Union Title Insurance Company, Chicago Title
Insurance Company, Ticor Title Insurance, and Alamo Title Insurance, as modified by Modification
Endorsement dated July 15, 2003, and further modified by Modification Endorsement dated December
22, 2004, and as further modified by Modification Endorsement dated November 7, 2005, and as
further modified by Modification Endorsement dated December 7, 2006;

     (j) Loan Policy of Title Insurance (Policy No. 27-041-92-243360) issued by Fidelity National
Title Insurance Company, as co-insurer, and endorsed by First American Title Insurance Company
(Co-Insurance Policy Certificate No. 32602-CACI-008-B), as co-insurer, and re-insured by Fidelity
National Title Insurance Company of New York, Security Union Title Insurance Company, Chicago Title
Insurance Company, Ticor Title Insurance, and Alamo Title

-9-

 

Insurance, as modified by Modification Endorsement dated July 15, 2003, and further modified
by Modification Endorsement dated December 22, 2004, and as further modified by Modification
Endorsement dated October 27, 2005, and as further modified by Modification Endorsement dated
December 7, 2006;

     (k) Loan Policy of Title Insurance (Policy No. 5482-255762) issued by Fidelity National Title
Insurance Company of New York, and re-insured by Security Union Title Insurance Company, Chicago
Title Insurance Company, Ticor Title Insurance, and First American Title Insurance Company, as
modified by Modification Endorsement dated July 10, 2003;

     (l) (i) Loan Policy of Title Insurance (Policy No. G47-1651037) issued by Lawyers Title
Insurance Corporation as co-insurer, as re-insured by Commonwealth Land Title Insurance Company,
(ii) Loan Policy of Title Insurance (Policy No. 26-041-92-198989) issued by Fidelity National Title
Insurance Company of New York as co-insurer, and (iii) Loan Policy of Title Insurance (Policy No.
M-9994-5515163) issued by Stewart Title Guaranty Company, all as modified by Modification
Endorsements dated July 1, 2003, and all as further modified by Modification Endorsements dated
December 22, 2004, and all as further modified by Modification Endorsement dated October 28, 2005,
and all as further modified by Modification Endorsement dated December 7, 2006; and

     (m) Loan Policy of Title Insurance (Policy No. 26-041-92-198630) issued by Fidelity National
Title Insurance Company of New York, , as co-insurer, and endorsed by First American Title
Insurance Company (Co-Insurance Policy Certificate No. 32602-ILCI-010-B), as co-insurer, and
re-insured by Chicago Title and Trust Company, Security Union Title Insurance Company, Chicago
Title Insurance Company, and Ticor Title Insurance, as modified by Modification Endorsement dated
July 10, 2003, and further modified by Modification Endorsement dated December 22, 2004, and as
further modified by Modification Endorsement dated October 31, 2005 as to Shelby County and dated
October 25, 2005 as to Cumberland County, and as further modified by Modification Endorsement dated
December 7, 2006 as to Shelby County and dated December 7, 2006 as to Cumberland County.

-10-

 

SCHEDULE 1.1(f)

SECURED HEDGE AGREEMENTS

None

 

 

SCHEDULE 1.1(g)

EXISTING INDEBTEDNESS

	1.	 	12% Note Indenture dated as of April 27, 2000 between Orion Power Holdings, Inc. and
Wilmington Trust Company, and any “Notes” as defined therein or executed pursuant thereto

	2.	 	Participation Agreement dated August 24, 2000, among Conemaugh Lessor Genco LLC, as Owner
Lessor, Reliant Energy Mid-Atlantic Power Holdings, LLC, as Facility Lessee, Wilmington Trust
Company, as Lessor Manager, PSEGR Conemaugh Generation, LLC, as Owner Participant, Bankers
Trust Company, as Lease Indenture Trustee and Pass Through Trustee, as amended to the date
hereof, and any “Operative Documents” as defined therein or executed pursuant thereto

	3.	 	Participation Agreement dated as of August 24, 2000, among Keystone Lessor Genco LLC, as
Owner Lessor, Reliant Energy Mid-Atlantic Power Holdings, LLC, as Facility Lessee, Wilmington
Trust Company, as Lessor Manager, PSEGR Keystone Generation, LLC, as Owner Participant,
Bankers Trust Company, as Lease Indenture Trustee and as Pass Through Trustee, as amended to
the date hereof, and any “Operative Documents” as defined therein or executed pursuant thereto

	4.	 	Participation Agreement dated August 24, 2000 among Shawville Lessor Genco LLC, as Owner
Lessor, Reliant Energy Mid-Atlantic Power Holdings, LLC, a Facility Lessee, Wilmington Trust
Company, as Lessor Manager, PSEGR Shawville Generation, LLC, as Owner Participant, Bankers
Trust Company, as Lease Indenture Trustee and as Pass Through Trustee, as amended to the date
hereof, and any “Operative Documents” as defined therein or executed pursuant thereto

	5.	 	Credit Agreement dated as of December 15, 1999 by and among Reliant Energy Channelview LP,
the lenders named on the signature pages thereto, Bank of America, N.A., as Administrative
Agent and as Collateral Agent, and Teachers Insurance and Annuity of America, as Institutional
Agent, as amended to the date hereof, and any “Loan Documents” as defined therein or executed
pursuant thereto

	6.	 	Reliant Energy, Inc.’s 9.25% Senior Secured Notes due 2010 issued under an Indenture dated as
of July 1, 2003 between Reliant Energy, Inc. and Wilmington Trust Company, as Trustee, and any
“Note Documents” as defined therein or executed pursuant thereto.

	7.	 	Reliant Energy, Inc.’s 9.50% Senior Secured Notes due 2013 issued under an Indenture dated as
of July 1, 2003 between Reliant Energy, Inc. and Wilmington Trust Company, as Trustee, and any
“Note Documents” as defined therein or executed pursuant thereto

	8.	 	Reliant Energy, Inc.’s 5.00% Convertible Senior Subordinated Notes due 2010 issued under an
Indenture dated as of June 24, 2003 between Reliant Energy, Inc. and Wilmington Trust Company,
as Trustee.

 

 

	9.	 	Reliant Energy, Inc.’s 6.75% Senior Secured Notes due 2014 issued under a First Supplemental
Indenture dated as of December 22, 2004 to Senior Indenture dated as of December 22, 2004
between Reliant Energy, Inc. and Wilmington Trust Company, as Trustee, and any “Note
Documents” as defined therein or executed pursuant thereto

Capital Leases

1. Facilities Agreement dated as of the 31st day of July, 2002, by and between Kern River Gas
Transmission Company and Reliant Energy Bighorn L.L.C. (now Reliant Energy Wholesale Generation,
L.L.C.), pertaining to the design, permitting, construction and operation of lateral pipeline
facilities for the purpose of interconnecting the Bighorn plant to the Kern River gas mainline.

2. 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.

-2-

 

SCHEDULE 2.1

COMMITMENTS

AND PRO RATA SHARES

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Revolver L/C
	 	 	 	 	 	 	 	 	 	 	Issuer Amount
	 	 	 	 	 	 	 	 	 	 	for Revolving
	 	 	Revolving Credit	 	Pre-Funded L/C	 	Letters of
	Lender	 	Commitment	 	Commitment	 	Credit
	Deutsche Bank AG,
	 	 	$***	 	 	 	$***	 	 		$***	 
	New York Branch
	 	 	 	 	 	 	 	 	 	 	 	 
	Goldman Sachs
	 	 	***	 	 	 	***	 	 	 	***	 
	Credit Partners
L.P.
	 	 	 	 	 	 	 	 	 	 	 	 
	JPMorgan Chase
	 	 	***	 	 	 	***	 	 	 	***	 
	Bank, N.A.
	 	 	 	 	 	 	 	 	 	 	 	 
	Merrill Lynch
	 	 	***	 	 	 	***	 	 	 	***	 
	Capital Corporation
	 	 	 	 	 	 	 	 	 	 	 	 
	Bear, Stearns & Co.
	 	 	***	 	 	 	***	 	 	 	***	 
	Inc.
	 	 	 	 	 	 	 	 	 	 	 	 
	ABN Amro Bank 

N.V.
	 	 	***	 	 	 	***	 	 	 	***	 
	Total
	 	$	500,000,000	 	 	$	250,000,000	 	 	$	500,000,000	 

 

			
	***	 	The confidential content of this Schedule 2.1 has been omitted and filed separately with
the Securities and Exchange Commission. Confidential treatment has been requested with
respect to the omitted portions.

 

 

SCHEDULE 5.8(c)

EFFECTIVE DATE MORTGAGED PROPERTIES

	 	 	 	 	 	 	 
	 	 	Owned	 	 	 	 
	Project	 	Real Property Assets*	 	Location	 	Owner
	1. Aurora

	 	Fee parcel and
easement parcel as
set forth in Loan
Policy Number
26-041-92-198619
	 	2909 North Eola
Road, Aurora,
DuPage County,
Illinois 60504
	 	Reliant Energy

Wholesale

Generation, LLC
	 
	 	 	 	 	 	 
	2. Bighorn

	 	Parcels I and II
(leasehold), Parcels
III through IX and
XI through XII
(easement) as set
forth in Loan Policy
Number
27-041-92-243358
	 	1275 Primm Blvd.,
Primm, Clark
County, Nevada
89019
	 	Reliant Energy
Wholesale
Generation, LLC
	 
	 	 	 	 	 	 
	3. Choctaw

	 	Tracts 1 and 3
through 8 (fee) and
Tract 2 (easement)
as set forth in Loan
Policy Number
G-47-1007534
	 	91 Hwy. 407, West
French Camp,
Choctaw County,
Mississippi 39745
	 	Reliant Energy
Wholesale
Generation, LLC
	 
	 	 	 	 	 	 
	4. Coolwater

	 	Parcel A (fee) and
Parcels B through G
(easement) as set
forth in Loan Policy
Number
27-041-92-243362
	 	37000 East Santa Fe
Street, Daggett,
San Bernardino
County, California
92327
	 	Reliant Energy
Coolwater, Inc.
	 
	 	 	 	 	 	 
	5. Ellwood

	 	Parcels One through
Three (fee) and
Parcel Four
(easement) as set
forth in Loan Policy
Number
27-041-92-243351
	 	30 Las Armas Road,
Goleta, Santa
Barbara County,
California 90117
	 	Reliant Energy
Ellwood, Inc.
	 
	 	 	 	 	 	 
	6. Etiwanda

	 	Parcel One (fee) and
Parcels Two and
Three (easement) as
set forth in Loan
Policy Number
27-041-92-243364
	 	8996 Etiwanda Ave.,
Rancho Cucamonga,
San Bernardino
County, California
91739
	 	Reliant Energy
Etiwanda, Inc.
	 
	 	 	 	 	 	 
	7. Hunterstown

	 	Parcels “First
Described” and
“Second Described”
(fee) as set forth
in Loan Policy
Number G47-1651038
	 	1731 Hunterstown
Road, Gettysburg
(Straban Township),
Adams County,
Pennsylvania 17325
	 	Reliant Energy
Wholesale
Generation, LLC

 

 

	 	 	 	 	 	 	 
	 	 	Owned	 	 	 	 
	Project	 	Real Property Assets*	 	Location	 	Owner
	8. Indian River

	 	Parcels 1A, 2A, and
2B (fee) and Parcel
3 (easement) as set
forth in Loan Policy
Number 5482-255764
	 	7800 South US
Highway 1,
Titusville, Brevard
County, Florida
32780
	 	Reliant Energy
Florida, LLC
	 
	 	 	 	 	 	 
	9. Mandalay

	 	Parcel 1 (fee),
Parcels 2 and 3
(easement), and
Parcels 4 through 11
(leasehold) as set
forth in Loan Policy
Number
27-041-92-243353
	 	393 North Harbor
Blvd., Oxnard,
Ventura County,
California 93035
	 	Reliant Energy
Mandalay, Inc.
	 
	 	 	 	 	 	 
	10. Ormond Beach

	 	Parcel 1 (fee) and
Parcel 2 (easement)
as set forth in Loan
Policy Number
27-041-92-243360
	 	6635 South Edison
Drive, Oxnard,
Ventura County,
California 93033
	 	Reliant Energy
Ormond Beach, Inc.
	 
	 	 	 	 	 	 
	11. Osceola

	 	Parcel 1 (fee) and
Parcel 2 (easement)
as set forth in Loan
Policy Number
5482-255762
	 	5200 W. Hollopaw
Road, St. Cloud,
Osceola County,
Florida 34773-8461
	 	Reliant Energy
Florida, LLC
	 
	 	 	 	 	 	 
	12. Seward

	 	Parcels “First
Described” and
“Second Described”
(fee) as set forth
in Loan Policy
Number G47-1651037
	 	595 Plant Road, New
Florence (East
Wheatfield
Township), Indiana
County,
Pennsylvania 15944
	 	Reliant Energy
Seward, LLC
	 
	 	 	 	 	 	 
	13. Shelby

	 	Parcel 1 (fee) and
Parcels 2 through 15
(easement) as set
forth in Loan Policy
Number
26-041-92-198630
	 	344A Rural Route 1,
Centerline Road,
Neoga, Shelby
County, Illinois
62447
	 	Reliant Energy
Wholesale
Generation, LLC

 

			
	*	 	All Loan Policies referenced in this Schedule 5.8(c) are as modified as of December, 2004, as
of October, 2005 and as of December 2006.

-2-

 

SCHEDULE 5.9(c)

ENVIRONMENTAL MATTERS

NONE

 

 

SCHEDULE 5.13

SUBSIDIARIES AND OTHER EQUITY INVESTMENTS

Part (a)

See attached organizational chart.

 

 

 

 

 

 

 

 

Part (b)

	 	 	 	 	 
	 	 	Jurisdiction of	 	Organizational/Taxpayer
	 	 	Organization	 	Identification Number
	Reliant Energy, Inc.
	 	Delaware	 	3271860/76-0655566
	Reliant Energy Asset Management, LLC
	 	Delaware	 	3493739/46-0471966
	Reliant Energy Broadband, Inc.
	 	Delaware	 	3268583/76-0655569
	Reliant Energy California Holdings, LLC
	 	Delaware	 	2867853/76-0566778
	Reliant Energy CapTrades Holding Corp.
	 	Delaware	 	3027328/51-0389078
	Reliant Energy Communications, Inc.
	 	Delaware	 	3059688/76-0616444
	Reliant Energy Coolwater, Inc.
	 	Delaware	 	2814636/76-0555457
	Reliant Energy Corporate Services, LLC
	 	Delaware	 	3667453/56-2368220
	Reliant Energy Electric Solutions, LLC
	 	Delaware	 	3476881/69-0007344
	Reliant Energy Ellwood, Inc.
	 	Delaware	 	2825383/76-0555453
	Reliant Energy Etiwanda, Inc.
	 	Delaware	 	2824243/76-0555456
	Reliant Energy Florida, LLC
	 	Delaware	 	3602852/74-2931711
	Reliant Energy Key/Con Fuels, LLC
	 	Delaware	 	3304223/76-0664189
	Reliant Energy Mandalay, Inc.
	 	Delaware	 	2824247/76-0555455
	Reliant Energy Northeast Generation, Inc.
	 	Delaware	 	3202113/76-0639817
	Reliant Energy Northeast Holdings, Inc.
	 	Delaware	 	3202371/51-0399148
	Reliant Energy Ormond Beach, Inc.
	 	Delaware	 	2889806/76-0573510
	Reliant Energy Power Generation, Inc.
	 	Delaware	 	2608628/76-0530625
	Reliant Energy Sabine (Delaware), Inc.
	 	Delaware	 	2822610/52-2067701
	Reliant Energy Sabine (Texas), Inc.
	 	Delaware	 	2822615/76-0555452
	Reliant Energy Services Desert Basin, LLC
	 	Delaware	 	3081690/76-0625991
	Reliant Energy Services Mid-Stream, LLC
	 	Delaware	 	3161524/76-0637432
	Reliant Energy Services, Inc.
	 	Delaware	 	2222789/72-1183055
	Reliant Energy Seward, LLC
	 	Delaware	 	3024328/76-0656057
	Reliant Energy Solutions East, LLC
	 	Delaware	 	3487883/46-0471983
	Reliant Energy Trading Exchange, Inc.
	 	Delaware	 	3213568/76-0642320
	Reliant Energy Ventures, Inc.
	 	Delaware	 	2320013/76-0387091
	Reliant Energy Wholesale Generation, LLC
	 	Delaware	 	3811728/20-1253947

Address of principal place of business for all Loan Parties:

1000 Main Street

Houston, Texas 77002

 

 

SCHEDULE 5.17

INTELLECTUAL PROPERTY MATTERS

NONE

 

 

SCHEDULE 7.3(vii)

LIST OF AGREEMENTS PROHIBITING SUBORDINATION

OF INTERCOMPANY INDEBTEDNESS

	1.	 	Participation Agreement dated August 24, 2000, among Conemaugh Lessor Genco LLC, as Owner
Lessor, Reliant Energy Mid-Atlantic Power Holdings, LLC, as Facility Lessee, Wilmington Trust
Company, as Lessor Manager, PSEGR Conemaugh Generation, LLC, as Owner Participant, Bankers
Trust Company, as Lease Indenture Trustee and Pass Through Trustee, as amended to the date
hereof, and any “Operative Documents” as defined therein or executed pursuant thereto

	2.	 	Participation Agreement dated as of August 24, 2000, among Keystone Lessor Genco LLC, as
Owner Lessor, Reliant Energy Mid-Atlantic Power Holdings, LLC, as Facility Lessee, Wilmington
Trust Company, as Lessor Manager, PSEGR Keystone Generation, LLC, as Owner Participant,
Bankers Trust Company, as Lease Indenture Trustee and as Pass Through Trustee, as amended to
the date hereof, and any “Operative Documents” as defined therein or executed pursuant thereto

	3.	 	Participation Agreement dated August 24, 2000 among Shawville Lessor Genco LLC, as Owner
Lessor, Reliant Energy Mid-Atlantic Power Holdings, LLC, a Facility Lessee, Wilmington Trust
Company, as Lessor Manager, PSEGR Shawville Generation, LLC, as Owner Participant, Bankers
Trust Company, as Lease Indenture Trustee and as Pass Through Trustee, as amended to the date
hereof, and any “Operative Documents” as defined therein or executed pursuant thereto

	4.	 	Credit Agreement dated as of December 15, 1999 by and among Reliant Energy Channelview LP,
the lenders named on the signature pages thereto, Bank of America, N.A., as Administrative
Agent and as Collateral Agent, and Teachers Insurance and Annuity of America, as Institutional
Agent, as amended to the date hereof, and any “Loan

	5.	 	12% Note Indenture dated as of April 27, 2000 between Orion Power Holdings, Inc. and
Wilmington Trust Company, and any “Notes” as defined therein or executed pursuant thereto

	6.	 	Amended and Restated Working Capital Facility dated as of December 1, 2006 by and among
Reliant Energy Power Supply, LLC, the Guarantors party thereto, and Merrill Lynch Capital
Corporation, as Lender, as amended to the date hereof, and any “Transaction Documents” as
defined therein or executed pursuant thereto

	7.	 	Amended and Restated Credit Sleeve and Reimbursement Agreement dated as of December 1, 2006,
by and among Reliant Energy Power Supply, the Other Reliant Retail Obligors referred to
herein, as Reimbursement Guarantors, Merrill Lynch Commodities, Inc., as Sleeve Provider, and
Merrill Lynch & Co., Inc., as ML Guarantee Provider, as amended to the date hereof, and any
“Transaction Documents” as defined therein or executed pursuant thereto

 

 

SCHEDULE 10.10(e)

	1.	 	Collateral Trust Agreement (Separate Collateral) dated as of June 12, 2007 among the
Borrower, the Guarantors and U.S. Bank National Association, as Collateral Trustee (in such
capacity, the “Separate Collateral Trustee”), and acknowledged by Wilmington Trust
Company, as Trustee under each of the Indentures, and Deutsche Bank AG New York Branch, as
Collateral Trustee Agent (in such capacity, the “Separate Collateral Trustee Agent”)

	2.	 	Collateral Trust Agreement (Shared Collateral) dated as of June 12, 2007, among the Borrower,
the Guarantors and U.S. Bank National Association, as Collateral Trustee (in such capacity,
the “Shared Collateral Trustee”)

	3.	 	Assignment and Assumption Agreement dated as of June 12, 2007 between the Separate Collateral
Trustee and the Shared Collateral Trustee

	4.	 	Second Amended and Restated Security Agreement (Separate Collateral) dated as of June 12,
2007 among the Borrower, the Guarantors and the Separate Collateral Trustee, and acknowledged
and agreed to by the Separate Collateral Trustee Agent

	5.	 	Second Amended and Restated Security Agreement (Shared Collateral) dated as of June 12, 2007
among the Borrower, the Guarantors and the Shared Collateral Trustee.

	6.	 	Termination and Release Agreement dated as of June 12, 2007, among the Borrower, U.S. Bank
National Association, as Collateral Trustee, Bank of America, N.A., as Collateral Trustee
Agent, and Mellon Financial Markets, LLC (regarding the termination of the Securities Account
Control Agreement dated as of March 1, 2005 among such parties

	7.	 	Securities Account Control Agreement dated as of June 12, 2007, among the Borrower, the
Shared Collateral Trustee, Deutsche Bank AG New York Branch, as Collateral Trustee Agent (the
“Shared Collateral Trustee Agent”), and Mellon Bank, N.A., as the Securities
Intermediary

	8.	 	Termination and Release Agreement dated as of June 12, 2007, among the Borrower and the other
Loan Parties named therein and parties thereto, U.S. Bank National Association, as Collateral
Trustee, Bank of America, N.A., as Collateral Trustee Agent, and Mellon Bank, N.A., regarding
the blocked accounts described therein

	9.	 	Blocked Account Agreement, dated as of June 12, 2007, among the Borrower and the other Loan
Parties named therein and parties thereto, Mellon Bank, N.A., the Shared Collateral Trustee,
and the Shared Collateral Trustee Agent

	10.	 	Acceptance of Resignation Letter from Bank of America, N.A., as collateral agent

	11.	 	Mortgage Supplements

	12.	 	Security Agreement dated as of June 12, 2007 among the Borrrower, the other Loan Parties, and
Deutsche Bank, as Collateral Agent

 

 

SCHEDULE 11.2

ADMINISTRATIVE AGENT’S OFFICE;

CERTAIN ADDRESSES FOR NOTICES

NOTICE ADDRESS FOR BORROWER:

	 	 	 
	Reliant Energy, Inc.
	 	 
	1000 Main Street
	 	 
	Houston, TX 77002 
	 	 
	Facsimile No.:

	 	(713) 497-0881 
	Attention:

	 	Andrew C. Johannesen
	Copy to:

	 	Michael L. Jines

NOTICE ADDRESS FOR ADMINISTRATIVE AGENT:

Deutsche Bank AG, New York Branch

100 Plaza One, 8th Floor

Jersey City, NJ 07311-3901

	 	 	 
	Attention:

	 	Helaine Griffin-Williams
	Telephone No.:

	 	(201) 593-2172 
	Facsimile No.:

	 	(201) 593-2309 
	Electronic Mail:

	 	helaine.griffin-williams@db.com

Copy to:

Deutsche Bank AG, New York Branch

60 Wall Street, 44th Floor

New York, NY 10005-2836

	 	 	 
	Attention:

	 	Marcus Tarkington
	Telephone No.:

	 	(212) 250-6153 
	Facsimile No.:

	 	(212) 797-0070 
	Electronic Mail:

	 	marcus.tarkington@db.com

NOTICE ADDRESS FOR DEUTSCHE BANK AG AS L/C ISSUER:

Deutsche Bank AG, New York Branch

Global Transaction Banking — Trade Finance

60 Wall Street, 25th Floor

New York, NY 10005-2836

	 	 	 
	Attention:

	 	Deepak K. Menghrajani
	Telephone:

	 	(212) 250-7376 
	Electronic Mail:

	 	deepak.menghrajani@db.com

 

 

EXHIBIT A

[FORM OF] BORROWING NOTICE

[Date]1

To: DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Credit and Guaranty Agreement, dated as of June 12, 2007 (as
such agreement may be amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”) among (i) Reliant Energy, Inc., a Delaware corporation (the
“Borrower”); (ii) the other Loan Parties referred to therein, as Guarantors; (iii) the
Lenders referred to therein; and (iv) Deutsche Bank AG New York Branch, as Administrative Agent.
Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the
Credit Agreement.

     The undersigned hereby requests a Borrowing of [Revolving Credit Loans] or [Term
Loans]:2

	 	1.	 	On                                                             .3
	 
	 	2.	 	In the amount of $                                                             .4
	 
	 	3.	 	Comprised of                                                              [Base Rate Loans or Eurodollar
Rate Loans].
	 
	 	4.	 	[If Eurodollar Rate Loans are being requested] [For an Interest Period of
                     months [one, two, three, six, nine, or, if available, twelve months].]

     The foregoing request complies with the requirements of Article II of the Credit Agreement.
The undersigned hereby certifies that the following statements are true and correct on the date
hereof, and will be true and correct on the date of receipt of the proceeds of the applicable
Borrowing requested herein (both before and after giving effect to the applicable Borrowing):

 

			
	1	 	Notice must be received by the Administrative Agent not
later than 11:00 a.m. (New York time), (i) in the case of Base Rate Loans, on
the Business Day on which such Loan is to be made and (ii) in the case of
Eurodollar Rate Loans, on the third Business Day preceding the date on which
such Loan is to be made.
	 
	2	 	State whether such Term Loan is a Pre-Funded
L/C Term Loan or an Incremental Term Loan.
	 
	3	 	Such day must be a Business Day.
	 
	4	 	The aggregate principal amount of Loans of a particular
Type requested pursuant to this Notice shall be in a minimum amount of
$5,000,000 or a whole multiple of $1,000,000 in excess thereof, unless such
amount is borrowed pursuant to Section 2.3(c) of the Credit Agreement.

 

 

	 	(a)	 	the representations and warranties set forth in Article V of the Credit
Agreement, in the other Loan Documents, or in any certificate or other document
furnished by, or on behalf of, a Loan Party pursuant to, or in connection with, the
Credit Agreement or any other Loan Document, are true and correct in all material
respects (except to the extent that such representations and warranties expressly
relate to an earlier date, in which case such representations and warranties are true
and correct in all material respects as of such earlier date); provided, that
representations and warranties which have Material Adverse Effect qualifiers are true
and correct in all respects to the extent that such Material Adverse Effect qualifier
is applicable thereto;
	 
	 	(b)	 	no Default has occurred, and no Default will occur by reason of the making of
the [Revolving Credit Loan] or [Term Loan] requested herein; and
	 
	 	(c)	 	[in the case of a Revolving Credit Loan] [in the case of a Term Loan] the
proceeds of the requested Borrowing are being used as provided in Section 6.10 of the
Credit Agreement.
	 
	 	(d)	 	in the case of the incurrence of Pre-Funded L/C Term Loans, the conditions set
forth in Section 2.3(c)(i)(B) or Section 2.5(d), as applicable, have been satisfied.

     [For any Borrowing of Revolving Credit Loans] [The undersigned hereby further certifies that
on the date hereof, and after giving effect to the Revolving Credit Borrowing hereunder, the
Borrower will be in compliance with the proviso to Section 2.1(b) of the Credit Agreement.]

A-2

Form of Borrowing Notice

 

 

     IN WITNESS WHEREOF, the undersigned has caused this certificate to be executed on this ___ day
of ___, 20___.

	 	 	 	 	 
	 	RELIANT ENERGY, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

A-3

Form of Borrowing Notice

 

 

EXHIBIT B

[FORM OF] L/C CERTIFICATE

			
	To:	 	DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent

[Insert the name of the L/C Issuer from whom the Borrower or the applicable Loan
Party is requesting that a Letter of Credit be issued]

[Date]1

Ladies and Gentlemen:

     Reference is made to that certain Credit and Guaranty Agreement, dated as of June 12, 2007 (as
such agreement may be amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”) among (i) Reliant Energy, Inc., a Delaware corporation (the
“Borrower”); (ii) the other Loan Parties referred to therein, as Guarantors; (iii) the
Lenders referred to therein; and (iv) Deutsche Bank AG New York Branch, as Administrative Agent.
Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the
Credit Agreement.

     The undersigned hereby requests the issuance, amendment, renewal or extension (as applicable)
of a Letter of Credit:

	 	1.	 	Proposed date of issuance, amendment, renewal or extension of such [Revolving
L/C] [Pre-Funded L/C]:                                  .2
	 
	 	2.	 	For the issuance of a new Letter of Credit:

	 	(a)	 	Face amount of such Letter of Credit:
	 
	 	(b)	 	Expiration date of such Letter of Credit.
	 
	 	(c)	 	Name and address of the beneficiary of such Letter of
Credit:                                        

	 	3.	 	For the amendment, renewal or extension of a Letter of Credit: A description of
the Letter of Credit, amendment, renewal or extension (as applicable) being requested
is as follows:
	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

 

			
	1	 	To be delivered by 3:00 p.m. (New York time)
at least two (2) Business Days prior to the proposed date of issuance,
amendment, renewal or extension.
	 
	2	 	Must be a Business Day.

B-1

Form of L/C Certificate

 

 

	 	4.	 	Any other information as shall be necessary to prepare, amend, renew or extend
the applicable Letter of Credit is as set forth below:
	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	5.	 	The full text of any certificate to be presented by the beneficiary in case of
any drawing thereunder is as follows:
	 
	 	 	 	 

	 
	 	 	 	 

     [The following language is to be included for any issuance of a Letter of Credit, or to amend
an outstanding Letter of Credit to increase the face amount thereof] The undersigned hereby
certifies that the following statements are true and correct on the date hereof and will be true
and correct on the proposed date of issuance or amendment (as applicable) of the Letter of Credit,
both before and after giving effect to such issuance or amendment (as applicable):

	 	(a)	 	the representations and warranties set forth in Article V of
the Credit Agreement, in the other Loan Documents, or in any certificate or
other document furnished by, or on behalf of, a Loan Party pursuant to, or in
connection with, the Credit Agreement or any other Loan Document, are true and
correct in all material respects (except to the extent that such
representations and warranties expressly relate to an earlier date, in which
case such representations and warranties are true and correct in all material
respects as of such earlier date); provided, that representations and
warranties which have Material Adverse Effect qualifiers are true and correct
in all respects to the extent that such Material Adverse Effect qualifier is
applicable thereto;
	 
	 	(b)	 	no Default has occurred, and no Default will occur by reason of
the making of the issuance or amendment of the Letter of Credit requested
herein;
	 
	 	(c)	 	[(i) the sum of the aggregate Total Revolving Credit
Outstandings (including L/C Exposure attributable to the Letter of Credit to be
issued or amended (as applicable) as requested herein) does not exceed the
current amount of the aggregate Revolving Credit Commitments.]
	 
	 	 	 	[(i) the sum of the aggregate Pre-Funded Letter of Credit Obligations
(including L/C Exposure attributable to the Letter of Credit to be issued or
amended (as applicable) as requested herein) does not exceed the current
amount of the aggregate Pre-Funded L/C Commitments.]

B-2

Form of L/C Certificate

 

 

     IN WITNESS WHEREOF, the undersigned has caused this certificate to be executed this ___ day of
___, 20[___].

	 	 	 	 	 
	 	RELIANT ENERGY, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

B-3

Form of L/C Certificate

 

 

EXHIBIT C

[FORM OF] CONVERSION/CONTINUATION NOTICE

[Date]1

To: DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Credit and Guaranty Agreement, dated as of June 12, 2007 (as
such agreement may be amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”) among (i) Reliant Energy, Inc., a Delaware corporation (the
“Borrower”); (ii) the other Loan Parties referred to therein, as Guarantors; (iii) the
Lenders referred to therein; and (iv) Deutsche Bank AG New York Branch, as Administrative Agent.
Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the
Credit Agreement.

     The undersigned hereby requests the following conversion or continuation of a Loan:

	 	1.	 	Check one: Conversion                      or Continuation                     .
	 
	 	2.	 	Description of the Loan to be converted or continued:                                                             
	 
	 	3.	 	Principal amount of the Loan (or the portion thereof) to be converted or
continued:                                         2
	 
	 	4.	 	Date of conversion, or last day of applicable Interest Period (as applicable):                                         
	 
	 	5.	 	For conversion of a Base Rate Loan to a Eurodollar Rate Loan, or continuation
of a Eurodollar Rate Loan for a successive Interest Period, Interest Period selected,
(i.e., one, two, three, six, nine or, if available, twelve months), and the last day
thereof3:                     

 

			
	1	 	Must be received not later than 11:00 a.m.
(New York time), at least three (3) Business Days prior to any conversion or
continuation.
	 
	2	 	The aggregate principal amount of Loans of a
particular type continued as, or converted to, Eurodollar Rate Loans or Base
Rate Loans, as applicable, as part of the same continuation or conversion,
shall be in a minimum amount of $5,000,000 or a whole multiple of $1,000,000 in
excess thereof.
	 
	3	 	Subject to the provisions contained in the
definition of “Interest Period” in Article I of the Credit Agreement.

C-1

Form of Continuation/Conversion Notice

 

 

     The undersigned hereby represents and warrants that the following statement is true and
correct on the date hereof, and will be true and correct on the date of the conversion or
continuation (as applicable) requested herein, both before and after giving effect to such
conversion or continuation:

	 	(a)	 	no Event of Default has occurred and is then continuing at the time of any
conversion to a Eurodollar Rate Loan, or any continuation of a Eurodollar Rate Loan
into a subsequent Interest Period.

          IN WITNESS WHEREOF, the undersigned has caused this certificate to be executed this ___ day of
___, 20___.

	 	 	 	 	 
	 	RELIANT ENERGY, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

C-2

Form of Continuation/Conversion Notice

 

 

EXHIBIT D

[FORM OF] REVOLVING CREDIT NOTE

REVOLVING CREDIT NOTE

	 	 	 
	 
	 	 
	$                                         

	 	New York, New York
	 

	 	as of                                 

     FOR VALUE RECEIVED, RELIANT ENERGY, INC., a Delaware corporation (together with its
successors, the “Borrower”), DOES HEREBY PROMISE TO PAY to the order of [INSERT NAME OF
LENDER] (the “Lender”) at the office of Deutsche Bank AG New York Branch, 60 Wall Street,
MS NYC60-4305, New York, NY 10005-2858, in lawful money of the United States of America in
immediately available funds, the principal amount of ___ Dollars ($ ___), or the
aggregate unpaid principal amount of all Revolving Credit Loans (as defined in the Credit Agreement
referred to below) made by the Lender to the Borrower pursuant to said Credit Agreement, whichever
is less, on such date or dates as is required by said Credit Agreement, and to pay interest on the
unpaid principal amount from time to time outstanding hereunder, in like money, at such office, at
such rates and at such times as set forth in said Credit Agreement.

     The Borrower and any and all sureties, guarantors and endorsers of this Note and all other
parties now or hereafter liable hereon severally waive demand, presentment for payment, protest,
notice of any kind (including, but not limited to, notice of dishonor, notice of protest, notice of
intention to accelerate or notice of acceleration, but excluding any notice expressly required by
the terms of the Credit Agreement) and diligence in collecting and bringing suit against any party
hereto and agree to the extent permitted by applicable law (i) to all extensions and partial
payments, with or without notice, before or after maturity, (ii) to any substitution, exchange or
release of any security now or hereafter given for this Note, (iii) to the release of any party
primarily or secondarily liable hereon, and (iv) that it will not be necessary for any holder of
this Note, in order to enforce payment of this Note, to first institute or exhaust such holder’s
remedies against the Borrower or any other party liable hereon or against any security for this
Note. The nonexercise by the holder of any of its rights hereunder in any particular instance
shall not constitute a waiver thereof in that or any subsequent instance.

     This Note is one of the promissory notes referred to in that certain Credit and Guaranty
Agreement, dated as of June 12, 2007 (as such agreement may be amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”) among (i) Reliant Energy,
Inc., a Delaware corporation (the “Borrower”); (ii) the other Loan Parties referred to
therein, as Guarantors; (iii) the Lenders referred to therein; and (iv) Deutsche Bank AG New York
Branch, as Administrative Agent (capitalized terms used herein and not otherwise defined shall have
the meanings set forth in the Credit Agreement), and is entitled to the benefits of and is subject
to all the terms and provisions of the Credit Agreement which, among other things, contains
provisions for optional and mandatory prepayment and for acceleration of the maturity hereof upon
the occurrence of certain events, all as provided in the Credit Agreement. This Note is also
secured by the Liens granted in the Loan Documents and is entitled to the benefits of all the terms
and provisions of the Loan Documents.

 

 

EXHIBIT D

     THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE
OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED WHOLLY WITHIN THE STATE OF NEW YORK
WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.

	 	 	 	 	 	 	 
	 	 	RELIANT ENERGY, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 

REVOLVING CREDIT NOTE

 

 

[LAST PAGE OF NOTE]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Unpaid	 	Name of
	 	 	 	 	Amount of	 	 	 	 	 	 	 	 	 	Principal	 	Person
	 	 	 	 	Revolving	 	Principal	 	Interest	 	Balance of	 	Making
	Date	 	Credit Loan	 	Payments	 	Payments	 	Note	 	Notation

 

 

[W & C
(New York) Draft: March 1, 2007]

EXHIBIT
D-2

[FORM OF] TERM NOTE

TERM NOTE

	 	 	 
	$                                         

	 	New York, New York
	 

	 	as of                                 

     FOR VALUE RECEIVED, RELIANT ENERGY, INC., a Delaware corporation (together with its
successors, the “Borrower”), DOES HEREBY PROMISE TO PAY to the order of [INSERT NAME OF
LENDER] (the “Lender”) at the office of Deutsche Bank AG New York Branch, 60 Wall Street,
MS NYC60-4305, New York, NY 10005-2858, in lawful money of the United States of America in
immediately available funds, the principal amount of ___ Dollars ($ ___), or the
aggregate unpaid principal amount of all Term Loans (as defined in the Credit Agreement referred to
below) made by the Lender to the Borrower pursuant to said Credit Agreement, whichever is less, on
such date or dates as is required by said Credit Agreement, and to pay interest on the unpaid
principal amount from time to time outstanding hereunder, in like money, at such office, at such
rates and at such times as set forth in said Credit Agreement.

     The Borrower and any and all sureties, guarantors and endorsers of this Note and all other
parties now or hereafter liable hereon severally waive demand, presentment for payment, protest,
notice of any kind (including, but not limited to, notice of dishonor, notice of protest, notice of
intention to accelerate or notice of acceleration, but excluding any notice expressly required by
the terms of the Credit Agreement) and diligence in collecting and bringing suit against any party
hereto and agree to the extent permitted by applicable law (i) to all extensions and partial
payments, with or without notice, before or after maturity, (ii) to any substitution, exchange or
release of any security now or hereafter given for this Note, (iii) to the release of any party
primarily or secondarily liable hereon, and (iv) that it will not be necessary for any holder of
this Note, in order to enforce payment of this Note, to first institute or exhaust such holder’s
remedies against the Borrower or any other party liable hereon or against any security for this
Note. The nonexercise by the holder of any of its rights hereunder in any particular instance
shall not constitute a waiver thereof in that or any subsequent instance.

     This Note is one of the promissory notes referred to in that certain Credit and Guaranty
Agreement, dated as of March [16], 2007 (as such agreement may be amended, restated, supplemented
or otherwise modified from time to time, the “Credit Agreement”) among (i) Reliant Energy,
Inc., a Delaware corporation (the “Borrower”); (ii) the other Loan Parties referred to
therein, as Guarantors; (iii) the Lenders referred to therein; and (iv) Deutsche Bank AG New York
Branch, as Administrative Agent (capitalized terms used herein and not otherwise defined shall have
the meanings set forth in the Credit Agreement), and is entitled to the benefits of and is subject
to all the terms and provisions of the Credit Agreement which, among other things, contains
provisions for optional and mandatory prepayment and for acceleration of the maturity hereof upon
the occurrence of certain events, all as provided in the Credit Agreement.

 

 

This Note is also
secured by the Liens granted in the Loan Documents and is entitled to the benefits of all the terms
and provisions of the Loan Documents.

2

 

     THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE
OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED WHOLLY WITHIN THE STATE OF NEW YORK
WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.

	 	 	 	 	 
	 	RELIANT ENERGY, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

TERM NOTE

 

 

[LAST PAGE OF NOTE]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Unpaid	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Principal	 	Name of
	 	 	 	 	Amount of	 	Principal	 	Interest	 	Balance	 	Person Making
	Date	 	Term Loan	 	Payments	 	Payments	 	of Note	 	Notation

 

 

EXHIBIT E

[Form of] Compliance Certificate

THE UNDERSIGNED HEREBY CERTIFIES THAT:

     1. I am a duly elected Responsible Officer of Reliant Energy, Inc., a Delaware corporation
(“REI”);

     2. I have reviewed the terms of that certain Credit and Guaranty Agreement, dated as of June
12, 2007 (as such agreement may be amended, restated, supplemented or otherwise modified from time
to time, the “Credit Agreement”) among (i) Reliant Energy, Inc., a Delaware corporation
(the “Borrower”); (ii) the other Loan Parties referred to therein, as Guarantors; (iii) the
Lenders referred to therein; and (iv) Deutsche Bank AG, New York Branch, as Administrative Agent
(capitalized terms used herein and not otherwise defined shall have the meanings set forth in the
Credit Agreement); and I (or employees under my supervision) have conducted, in reasonable detail,
a review of the transactions and condition of REI and its Subsidiaries during the accounting period
covered by the attached financial statements.

     3. The review described in paragraph 2 above did not disclose the existence of any condition
or event which would constitute a Default or Event of Default existing at the end of the accounting
period covered by the attached financial statements or as of the date of this Certificate; and as
of the date of this Certificate, I have no knowledge of any condition or event which would
constitute a Default or Event of Default, except as set forth below:

     [Describe below (or in a separate attachment to this Certificate) the exceptions, if any, to
paragraph (3) above by listing, in reasonable detail, the nature of each condition or event, the
period during which it has existed and any action which REI or any other Loan Party has taken, is
taking or proposes to take, with respect to each such condition or event.]

	 	 	 
	 
	 
	 	 
	 
	 
	 	 
	 
	 
	 	 
	 
	 

	; 	[and]
	 

	 	 

     4. [Attached hereto as Annex 1 are the calculations with respect to the financial covenant set
forth in Section 7.11 of the Credit Agreement demonstrating REI’s performance with respect thereto
for the periods covered thereby]; [and]

     [4.][5.] Set forth below (or in a separate attachment to this Certificate) is a
reconciliation, if any, required under Section 1.3 of the Credit Agreement between the calculations
of any financial ratio or requirement under Sections 7.11 of the Credit Agreement made in
accordance with GAAP before giving effect to any change in GAAP that would affect the computation
of such ratio or requirement and after giving effect to any such changes in GAAP.

	 	 	 
	 
	 
	 	 
	 
	 
	 	 
	 

 

	 	 	 
	 
	 
	 	 
	 

     The foregoing certifications, together with the calculations and analyses set forth in the
Annexes and any other attachments hereto, and the financial statements delivered with this
Certificate in support hereof, are made and delivered this ___ day of
               
                  , 20___
pursuant to clause (a) of Section 6.2 of the Credit Agreement.

	 	 	 	 	 
	 	RELIANT ENERGY, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Dated as of              
                    , 20___

E-2

Form of Compliance Certificate

 

EXHIBIT F

[FORM OF] ASSIGNMENT AND ASSUMPTION

Dated                     , 20__

     Reference is made to that certain Credit and Guaranty Agreement, dated as of June 12, 2007 (as
such agreement may be amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”) among (i) Reliant Energy, Inc., a Delaware corporation (the
“Borrower”); (ii) the other Loan Parties referred to therein, as Guarantors; (iii) the
Lenders referred to therein; and (iv) Deutsche Bank AG New York Branch, as Administrative Agent.
Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the
Credit Agreement; receipt of a copy of which is hereby acknowledged by the Assignee.

     This Assignment and Assumption is between the Assignor and the Assignee (as each is set forth
on Schedule I hereto and made a part hereof). The Assignor and the Assignee agree as
follows:

     1. For an agreed consideration, 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, subject to and in accordance with the
Credit Agreement, as of the Effective Date (as set forth on Schedule I hereto), an
undivided interest (the “Assigned Interest”) in and to all of the Assignor’s interests,
rights and obligations under the Credit Agreement as a Lender under the Credit Agreement and any
other documents or instruments delivered pursuant thereto as are set forth on Schedule I
hereto, in the principal amount as set forth on Schedule I hereto; provided,
however, that it is expressly understood and agreed that (a) the Assignor is not assigning
to the Assignee and the Assignor shall retain (i) all of the Assignor’s rights under Sections 3.1,
3.4 and 3.5 of the Credit Agreement with respect to any cost, reduction or payment incurred or made
prior to the Effective Date and (ii) any and all amounts paid to the Assignor prior to the
Effective Date; and (b) both Assignor and Assignee shall be entitled to the benefits of
Section 11.4 of the Credit Agreement.

     2. The Assignor (a) makes no representations or warranty and assumes no responsibility with
respect to any statements, warranties or representations made in or in connection with the Credit
Agreement or any other Loan Document or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Credit Agreement, any of the other Loan Document or any
other instrument or document furnished pursuant thereto, other than the representation and warranty
that (i) it is the legal and beneficial owner of the interest being assigned by it hereby and that
such interest is free and clear of any adverse claim and (ii) the restrictions set forth in
Section 11.6 pertaining to the minimum amount of any assignment have been satisfied; (b) makes no
representation or warranty and assumes no responsibility with respect to the financial condition of
any of the Loan Parties or the performance or observance by any of the Loan Parties of any of their
respective obligations under the Loan Documents or any other instrument or document furnished
pursuant thereto; and (c) requests that the Administrative Agent evidence the Assigned Interest by
recording the information contained on Schedule I in

 

the Register which reflects the assignment being made hereby (and after giving effect to any
other assignments which have become effective on the Effective Date).

     3. The Assignee (a) represents and warrants that it is legally authorized to enter into this
Assignment and Assumption, that it is an Eligible Assignee, and in the ordinary course of its
business, does not own and/or operate power generating facilities; (b) confirms that it has
received copies of the most recent financial statements delivered pursuant to Sections 6.1(a) and
6.1(b) of the Credit Agreement (or if none of such financial statements shall have theretofore been
delivered, copies of the financial statements referred to in Sections 5.5(a) and 5.5(b) of the
Credit Agreement) 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 Administrative Agent, the other
Agents, the L/C Issuers, any other Lender 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 decisions
in taking or not taking action under the Credit Agreement, any of the other Loan Documents or any
other instrument or document furnished pursuant thereto; (d) appoints and authorizes the
Administrative Agent, the Collateral Agent and each L/C Issuer (as applicable) to take such action
as agent(s) on its behalf and to exercise such powers under the Credit Agreement and the other Loan
Documents as are delegated to the Administrative Agent, the Collateral Agent or such L/C Issuer (as
applicable) by the terms thereof, together with such powers as are reasonably incidental thereto;
(e) agrees that it will be bound by the provisions of the Credit Agreement and the other Loan
Documents and 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; (f) if the Assignee is not organized under the laws of the United States or a state
thereof, attaches the forms prescribed by the IRS certifying as to the Assignee’s exemption from
United States withholding taxes with respect to all payments to be made to the Assignee under the
Credit Agreement, or such other documents as are necessary to indicate that all such payments are
subject to such tax at a rate reduced by any applicable tax treaty and delivers copies thereof to
the Borrower in accordance with Section 11.6 of the Credit Agreement; and (g) if the Assignee is
not a Lender, has supplied the information requested on the administrative questionnaire attached
hereto as Exhibit A.

     4. The effective date for this Assignment and Assumption shall be the assignment effective
date as described in Schedule I hereto (the “Effective Date”), which effective date
shall not (unless otherwise agreed to by the Administrative Agent) be earlier than five (5)
Business Days after the date of acceptance and recording by the Administrative Agent. Following
the execution of this Assignment and Assumption by the Assignee and the Assignor, it will be
delivered (together with the processing and recordation fee of $3,500 to be paid by the Assignor or
the Assignee to the Administrative Agent and the Assignor’s original Notes (if any) evidencing the
applicable Commitment being assigned) to the Administrative Agent for the consent of those Persons
required pursuant to Section 11.6 of the Credit Agreement and for acceptance and recording by the
Administrative Agent pursuant to Section 11.6 of the Credit Agreement.1

 

			
	1	 	Any assignment of a Commitment and/or any
obligations with respect to any Letter of Credit shall require the prior
written consent of (i) the Administrative Agent and each L/C Issuer and in the
case of assignments at Pre-Funded L/C Commitments only, the Pre-Funded L/C
Agent, which consent in each case shall not be unreasonably withheld or
delayed.

F-2

Form of Assignment and Assumption

 

     5. Upon such consents, acceptance and recording, and 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 and the other Loan Documents (and if this Assignment and
Assumption covers all of the remaining portion of the Assignor’s rights and obligations under the
Credit Agreement, the Assignor shall cease to be a party thereto).

     6. Upon the acceptance and recording by the Administrative Agent, and from and after the
Effective Date, the Administrative Agent shall make all payments in respect of the interest
assigned hereby (including payments of principal, interest, fees and other amounts) to the Assignee
whether such amounts have accrued prior to the Effective Date or accrue subsequent to the Effective
Date. The Assignor and Assignee shall make all appropriate adjustments in payments made by the
Administrative Agent for periods prior to the Effective Date or with respect to the making of this
assignment directly between themselves.

     7. THIS ASSIGNMENT AND ASSUMPTION SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE
LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED WHOLLY WITHIN THE
STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES).

     8. This Assignment and Assumption may be executed in counterparts, each of which shall be
deemed to constitute an original, but all of which when taken together, shall constitute one and
the same instrument. Delivery of an executed counterpart of a signature page of this Assignment
and Assumption by facsimile shall be as effective as delivery of a manually executed counterpart of
this Assignment and Assumption.

          IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Assumption to be duly
executed by their respective duly authorized officers on Schedule I hereto.

F-3

Form of Assignment and Assumption

 

SCHEDULE I

     Schedule I to the Assignment and Assumption, dated as of [___,___], respecting that certain
Credit and Guaranty Agreement, dated as of June [12], 2007 (as such agreement may be amended,
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”)
among (i) Reliant Energy, Inc., a Delaware corporation (the “Borrower”); (ii) the other
Loan Parties referred to therein, as Guarantors; (iii) the Lenders referred to therein; and (iv)
Deutsche Bank AG New York Branch, as Administrative Agent. Capitalized terms used herein and not
otherwise defined shall have the meanings set forth in the Credit Agreement.

	 	 	 	 	 
	Legal Name of Assignor:

	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Legal Name of Assignee:

	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Assignment Effective Date:

	 	 
	2	 
	 

	 	 	 	 

	 	 	 	 	 
	Principal Term Loan Amount Assigned
	 	 	$                    3	 
	 
	 	 	 	 
	Principal Revolving Credit Commitment Amount Assigned
	 	$                    (See footnote 3)
	 
	 	 	 	 
	Principal Pre-Funded L/C Commitment Amount Assignment
	 	$                    (See footnote 3)

 

			
	2	 	Unless otherwise agreed to by the
Administrative Agent, cannot be earlier than five (5) Business Days after the
date of acceptance and recording by the Administrative Agent.
	 
	3	 	Pursuant to Section 11.6(b) of the Credit
Agreement, each assignment must be in a minimum amount of $1,000,000 with
respect to Term Loans, if any, and Pre-Funded L/C Commitments and $10,000,000
with respect to Revolving Credit Commitments, or such lesser amount (1) as
shall equal the Assignor’s entire Revolving Credit Commitment, Term Loans, if
any, or Pre-Funded L/C Commitments (as applicable) or (2) as may be agreed to
by the Administrative Agent, so long as no Event of Default has occurred and is
continuing, the Borrower (each such consent not to be unreasonably withheld or
delayed).

F-4

Form of Assignment and Assumption

 

	 	 	 	 	 
	 	[NAME OF ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	[NAME OF ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	[CONSENTED AND4 ACCEPTED] TO:	 	 
	 
	 	 	 	 
	DEUTSCHE BANK AG NEW YORK	 	 
	BRANCH, as Administrative Agent	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	[Each L/C Issuer]5	 	 
	 
	 	 	 	 
	[RELIANT ENERGY, INC. 6	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:]	 	 

 

			
	4	 	To be added only if consent of the
Administrative Agent is required under Section 11.6 of the Credit Agreement.
	 
	5	 	To be added only if the consent of each L/C
Issuer is required under Section 11.6 of the Credit Agreement.
	 
	6	 	Consent of the Borrower not required (i) if an
Event of Default has occurred and is continuing or (ii) as otherwise provided
in Section 11.6 of the Credit Agreement.

F-5

Form of Assignment and Assumption

 

EXHIBIT A

to Assignment and Assumption

ADMINISTRATIVE DETAILS REPLY FORM

			
	 	 	 
	          Reliant Energy, Inc.
	 	CONFIDENTIAL          

FAX ALONG WITH COMMITMENT LETTER TO: [                   
 ] Fax: [       
             ]

	 	 	 
	I. Borrower Name:

	 	Reliant Energy, Inc.
	 
	 	 
	II. Legal Name of Lender for Signature Page:
	 	 
	 
	 	 
	III. Name of Lender for any eventual tombstone:
	 	 
	 
	 	 
	IV. Domestic Address:

	 	V. Eurodollar Address:
	 
	 	 
	 

	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	VI. Contact Information:
	 	 

	 	 	 	 	 	 	 
	 	 	Credit Contact	 	Operations Contact	 	Legal Counsel
	Name:
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	Title:
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	Address:
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	Telephone:
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	Facsimile:
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	E Mail Address
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 

	 	 	 	 	 	 	 
	 	 	 	 	 	 	Draft Documentation
	 	 	Bid Contact	 	L/C Contact	 	Contact
	Name:
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	Title:
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	Address:
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	Telephone:
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	Facsimile:
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	E Mail Address
	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 

A-1

 

ADMINISTRATIVE REPLY FORM

			
	 	 	 
	          Reliant Energy, Inc.
	 	CONFIDENTIAL          

VII. Lender’s Fed Wire Payment Instructions:

	 	 	 	 	 
	Pay to:
	 	 	 	 
	 	 	 
	 

	 	(Name of Lender)	 	 
	 
	 	 	 	 
	 	 	 
	 

	 	(ABA#)
	 	(City/State)
	 
	 	 	 	 
	 	 	 
	 

	 	(Account #)
	 	(Account Name)
	 
	 	 	 	 
	 	 	 
	 

	 	(Attention)	 	 

VIII. Lender’s Standby L/C Fed Wire Payment Instructions (if applicable):

	 	 	 	 	 
	Pay to:
	 	 	 	 
	 	 	 
	 

	 	(Name of Lender)	 	 
	 
	 	 	 	 
	 	 	 
	 

	 	(ABA#)
	 	(City/State)
	 
	 	 	 	 
	 	 	 
	 

	 	(Account #)
	 	(Account Name)
	 
	 	 	 	 
	 	 	 
	 

	 	(Attention)	 	 

IX. Organizational Structure:

	 	 	 
	Foreign Br., organized under which laws, etc.
	 	 
	 

	 	 
	 
	 	 
	Lender’s Tax ID:
	 	 

	 	 	 
	Tax withholding Form Attached (For Foreign Buyers)
	 
	 	 
	[___]

	 	Form W-9
	 
	 	 
	[___]

	 	Form W-8
	 
	 	 
	[___]

	 	Form 4224 effective:                
               
          
	 
	 	 
	[___]

	 	Form 1001
	 
	 	 
	[___]

	 	W/Hold                     % Effective
                    
                    
	 
	 	 
	[___]

	 	Form 4224 on file with Bank of America from previous current years transaction
	 
	 	 
	 

	 	       
          
           
            
            
        

A-2

 

ADMINISTRATIVE DETAILS REPLY FORM

			
	 	 	 
	          Reliant Energy, Inc.
	 	CONFIDENTIAL          

X. Deutsche Bank AG New York Branch’s Payment Instructions:

	 	 	 
	Servicing Site:

	 	[___]
	 
	 	 
	Pay to:

	 	Deutsche Bank AG New York Branch
	 

	 	ABA #[                    ]
	 

	 	Dallas [                    ]
	 

	 	Acct. #[                    ]
	 

	 	Attn: [                    ]
	 

	 	Ref: Reliant Energy, Inc.

XI. Name of Authorized Officer:

	 	 	 
	Name:
	 	 
	 

	 	 
	 
	 	 
	Signature:
	 	 
	 

	 	 
	 
	 	 
	Date:
	 	 
	 

	 	 
	 
	 	 

A-3

 

EXHIBIT G

[FORM OF] INSTRUMENT OF ASSUMPTION AND JOINDER

     INSTRUMENT OF ASSUMPTION AND JOINDER dated as of ___, 20___ (the “Instrument of
Assumption and Joinder”) made by [Insert Name of New Loan Party] a [Insert State of
Organization] [corporation, limited partnership or limited liability company] (the
“Company”) in favor of the lenders (the “Lenders”) referred to in that certain
Credit and Guaranty Agreement, dated as of June 12, 2007 (as such agreement may be amended,
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”)
among (i) Reliant Energy, Inc., a Delaware corporation (the “Borrower”); (ii) the other
Loan Parties referred to therein, as Guarantors; (iii) the Lenders referred to therein; and (iv)
Deutsche Bank AG New York Branch, as Administrative Agent. Capitalized terms used herein and not
otherwise defined shall have the meanings set forth in the Credit Agreement.

     Reference is hereby made to:

     (a) the Credit Agreement;

     (b) the Security Agreements; and

     [(c) the Contribution Agreement.]

WITNESSETH

     The Company is a [State of Organization] [corporation, limited partnership or limited
liability company] and is a Subsidiary of [Name of Loan Party]. [Pursuant to clause (a) of
Section 6.11 of the Credit Agreement, the Company is required to execute this document: (i) as a
newly formed or acquired Domestic Subsidiary of [Name of Loan Party], which Domestic Subsidiary has
either (a) assets with an aggregate book value in excess of $50,000,000 or (b) $25,000,000 or more
of Consolidated EBITDA during the four-Fiscal Quarter period most recently ended, (ii) as a
Domestic Subsidiary that was formed or acquired after the Closing Date and which did not have
either (a) assets with a book value in excess of $50,000,000 or (b) $25,000,000 or more of
Consolidated EBITDA during the four-Fiscal Quarter period most recently ended, and has subsequently
acquired or otherwise holds assets with a book value in excess of $50,000,000 or has $25,000,000 or
more of Consolidated EBITDA during the four-Fiscal Quarter period most recently ended, (iii) as a
Domestic Subsidiary that has ceased to be an Excluded Entity or (iv) as a Domestic Subsidiary that
has Guaranteed Indebtedness of the Borrower other than the Obligations.] or [The Company is
required to execute this document pursuant to Section 6.12(b).]

     NOW, THEREFORE, in consideration of the premises and other good and valuable consideration,
the receipt of which is hereby acknowledged, the Company hereby agrees as follows:

     1. Guaranty Supplement.

          (a) The Company hereby expressly confirms that it has assumed, and hereby agrees to perform
and observe and be bound by, each and every one of the covenants, promises,

G-1

Form of Instrument of Assumption and Joinder

 

 

agreements, terms, obligations, duties and liabilities of (i) a Loan Party under the Credit
Agreement and each other Loan Document applicable to it as a Loan Party, (ii) a Guarantor under
the Credit Agreement and each other Loan Document applicable to it as a Guarantor, (iii) a Grantor
(such term being used herein as defined in the Security Agreements) under the Security Agreements
[, and (iv) a Contributor (such term being used herein as defined in the Contribution Agreement)]
under the Contribution Agreement. By virtue of the foregoing, the Company hereby accepts and
assumes any liability of (x) a Loan Party and/or a Guarantor related to each representation,
warranty, covenant or obligation made by a Loan Party and/or a Guarantor in the Credit Agreement or
any other Loan Document and hereby expressly affirms, as of the date hereof, each of such
representations, warranties, covenants and obligations, (y) a Grantor related to each
representation, warranty, covenant or obligation made by a Grantor in the Security Agreements, and
hereby expressly affirms, as of the date hereof, each of such representations, warranties,
covenants and obligations[, and (z) a Contributor related to each covenant or obligation made by a
Contributor in the Contribution Agreement and hereby expressly affirms, as of the date hereof, each
of such covenants and obligations].

          (b) All references to the term “Loan Party” or “Guarantor” in the Credit Agreement or in any
other Loan Document, or in any document or instrument executed and delivered or furnished, or to be
executed and delivered or furnished, in connection therewith shall be deemed to be a reference to,
and shall include, the Company.

          (c) All references to the term “Grantor” in the Security Agreements or in any document or
instrument executed and delivered or furnished, or to be executed and delivered or furnished, in
connection therewith shall be deemed to be a reference to, and shall include, the Company.

          [(d) All references to the term “Contributor” in the Contribution Agreement, or in any
document or instrument executed and delivered or furnished, or to be executed and delivered or
furnished, in connection therewith shall be deemed to be a reference to, and shall include, the
Company.]

     2. Representations and Warranties. The Company hereby represents and warrants to the
Lenders and the other Secured Parties as follows:

          (a) The Company has the requisite [corporate, partnership or limited liability company] power
and authority to enter into this Instrument of Assumption and Joinder and to perform its
obligations hereunder and under the Credit Agreement, the Security Agreements [, the Contribution
Agreement] and any other Loan Document to which it is a party. The execution, delivery and
performance of this Instrument of Assumption and Joinder by the Company and the performance of its
obligations under the Credit Agreement, the Security Agreement[, the Contribution Agreement] and
any other Loan Document to which it is a party have been duly authorized by the [Board of
Directors] of the Company and no other [corporate, partnership or limited liability company] action
or proceedings on the part of the Company are necessary to authorize the execution, delivery or
performance of this Instrument of Assumption and Joinder, the transactions contemplated hereby or
the performance of its obligations under the Credit Agreement, the Security Agreement [, the
Contribution Agreement] or any other Loan Document. This Instrument of Assumption and Joinder has
been duly

G-2

Form of Instrument of Assumption and Joinder

 

 

executed and delivered by the Company. This Instrument of Assumption and Joinder, the Credit
Agreement, the Security Agreements [and the Contribution Agreement,] each constitutes the legal,
valid and binding obligation of the Company enforceable against it in accordance with its
respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization or similar laws affecting creditors’ rights generally and by general principles of
equity, whether such enforceability is considered in a proceeding at law or in equity.

          (b) The representations and warranties set forth in Article 5 of the Credit Agreement, as
applicable to Company, are true and correct on and as of the date hereof (except to the extent that
such representations and warranties expressly relate to an earlier date) with the same effect as if
made on and as of the date hereof.

          (c) The authorized capitalization of the Company, the number of shares of its capital stock
outstanding on the date hereof, and the ownership of the outstanding shares of its capital stock is
set forth on Schedule 1 hereto [or “the general partners of the Company and the ownership of its
partnership interests are set forth on Schedule 1 hereto” or “the members of the Company and the
ownership of its limited liability company interests are set forth on Schedule 1 hereto”].

          (d) The information required pursuant to Section 6.13 of the Security Agreements, as set forth
on Schedule 2 hereto, is true and correct in all [material]1 respects.

     3. Further Assurances. At any time and from time to time, upon the Administrative
Agent’s or the Collateral Agent’s request and at the sole expense of the Company, the Company will
promptly and duly execute and deliver any and all further instruments and documents and take such
further action as the Administrative Agent or the Collateral Agent reasonably deems necessary to
effect the purposes of this Instrument of Assumption and Joinder.

     4. Binding Effect. This Instrument of Assumption and Joinder shall be binding upon
the Company and shall inure to the benefit of the Lenders and the other Secured Parties and their
respective successors and assigns.

     5. GOVERNING LAW. THIS INSTRUMENT OF ASSUMPTION AND JOINDER SHALL BE CONSTRUED IN
ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE
AND TO BE PERFORMED WHOLLY WITHIN THE STATE OF NEW YORK.

     6. Miscellaneous. Delivery of an executed signature page to this Instrument of
Assumption and Joinder by facsimile shall be effective as delivery of a manually executed copy of
this Instrument of Assumption and Joinder. This Instrument of Assumption and Joinder is a Loan
Document pursuant to the Credit Agreement.

 

			
	1	 	The word “material” is not to be inserted if the Company
is a newly formed Subsidiary of the Borrower or any Loan Party but may be
inserted if the Company has been acquired.

G-3

Form of Instrument of Assumption and Joinder

 

 

     IN WITNESS WHEREOF, the undersigned has caused this Instrument of Assumption and Joinder to be
duly executed and delivered by its duly authorized officer as of the date first above written.

	 	 	 	 	 
	 	[NAME OF COMPANY]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

G-4

Form of Instrument of Assumption and Joinder

 

 

SCHEDULE 1

to Instrument of Assumption and Joinder

Authorized Capitalization

[Number of shares of capital stock outstanding:

Ownership of the outstanding capital stock:]

or

[General Partners:

Ownership of the partnership interests:]

or

[Members of the Company:

Ownership of the limited liability company interests:]

G-5

Form of Instrument of Assumption and Joinder

 

 

Schedule 2

to Instrument of Assumption and Joinder

[Supplement to Schedules to Security Agreement]

G-6

Form of Instrument of Assumption and Joinder

 

 

EXHIBIT H

FORM OF INCREMENTAL TERM LOAN COMMITMENT AGREEMENT

[Name(s) of Lender(s)]

Reliant Energy, Inc.

1000 Main Street

Houston, Texas

77002

Re: Incremental Term Loan Commitments

Ladies and Gentlemen:

     Reference is hereby made to the Credit and Guaranty Agreement, dated as of June 12, 2007 (as
such agreement may be amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”) among (i) Reliant Energy, Inc., a Delaware corporation (the
“Borrower”); (ii) the other Loan Parties referred to therein, as Guarantors; (iii) the
Lenders referred to therein; and (iv) Deutsche Bank AG New York Branch, 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(d) and 2.13 thereof.

     Each Incremental Term Loan Lender, the Borrower 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 Borrower 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 Borrower such upfront fees,
unutilized commitment fees and/or other fees, if any, as may be separately agreed to in writing
with the Borrower 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 agree to the terms and conditions
set forth on Annex I hereto in respect of each Incremental Term Loan Commitment provided
pursuant to this Agreement.

 

 

Exhibit H

Page 2

     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 3.1(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 Borrower
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 Borrower 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.

     The 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 Guaranty 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 (b) of the definition of “Incremental Loan Commitment Requirements” appearing in
Section 1 of the Credit Agreement certifying that the conditions set forth in clause

 

 

Exhibit H

Page 3

(a) of the definition of “Incremental Loan Commitment Requirements” appearing in Section 1 of
the Credit Agreement have been satisfied (together with calculations demonstrating same (where
applicable) in reasonable detail).

     Attached hereto as Annex III [is an opinion] [are opinions] of [insert name or names
of counsel, including in-house counsel, who will be delivering opinions], counsel to the respective
Loan Parties, delivered as required pursuant to clause (d) of the definition of “Incremental Loan
Commitment Requirements” appearing in Section 1 of the Credit Agreement.

     Attached hereto as Annex IV are true and correct copies of officers’ certificates,
board of director resolutions and good standing certificates of the Loan Parties required to be
delivered pursuant to clause (e) of the definition of “Incremental Loan Commitment Requirements”
appearing in Section 1 of the Credit Agreement.

     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.

*****

 

 

Exhibit H

Page 4

     THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF
NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.

	 	 	 	 	 
	 	Very truly yours,

[NAME OF EACH INCREMENTAL TERM LOAN LENDER]

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title 	 
	 

Agreed and Accepted

this ___ day of                     , ___:

	 	 	 	 	 
	RELIANT ENERGY INC.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	DEUTSCHE BANK AG NEW YORK BRANCH, 

     as Administrative Agent	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

 

 

Exhibit H

Page 5

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:	 	 

 

 

ANNEX I

TERMS AND CONDITIONS FOR

INCREMENTAL TERM LOAN COMMITMENT AGREEMENT

Dated as of                     , ___

	1.	 	Name of Borrower: Reliant Energy, Inc.
	 
	2.	 	Incremental Term Loan Commitment Amounts (as of the Agreement Effective Date):

	 	 	 
	 	 	Amount of Incremental Term Loan
	Names of Incremental Term Loan Lenders	 	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 (b) of the definition of
“Incremental Loan Commitment Requirements” appearing in Section 1 of the Credit Agreement
certifying that the conditions set forth in clause (a) of the definition of “Incremental Loan
Commitment Requirements” appearing in Section 1 of the Credit Agreement have been satisfied]

 

 

ANNEX III

[opinion[s] of counsel to the respective Loan Parties, delivered as required pursuant to clause
(d) of the definition of “Incremental Loan Commitment Requirements” appearing in Section 1 of the
Credit Agreement]

 

 

ANNEX IV

[true and correct copies of officers’ certificates, board of director resolutions and good standing
certificates of the Loan Parties required to be delivered pursuant to clause (e) of the definition
of “Incremental Loan Commitment Requirements” appearing in Section 1 of the Credit Agreement]

 

 

EXHIBIT I

FORM OF INCREMENTAL RL COMMITMENT AGREEMENT

[Name(s) of Lender(s)]

[Date]

Reliant Energy, Inc.

1000 Main Street

Houston, Texas

77002

Re: Incremental RL Commitments

Ladies and Gentlemen:

     Reference is hereby made to the Credit and Guaranty Agreement, dated as of June 12, 2007 (as
such agreement may be amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”) among (i) Reliant Energy, Inc., a Delaware corporation (the
“Borrower”); (ii) the other Loan Parties referred to therein, as Guarantors; (iii) the
Lenders referred to therein; and (iv) Deutsche Bank AG New York Branch, 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 RL Lender”) party to this letter agreement (this
“Agreement”) hereby severally agrees to provide the Incremental RL Commitment set forth
opposite its name on Annex I attached hereto (for each such Incremental RL Lender, its
“Incremental RL Commitment”). Each Incremental RL 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 2.1(b) and Section 2.14 thereof.

     Each Incremental RL Lender, the Borrower and the Administrative Agent acknowledge and agree
that the Incremental RL Commitments provided pursuant to this Agreement shall constitute
Incremental RL Commitments and, upon the Agreement Effective Date (as hereinafter defined), the
Incremental RL Commitment of each Incremental RL Lender shall become, or in the case of an existing
RL Lender, shall be added to (and thereafter become a part of), the Revolving Loan Commitment of
such Incremental RL Lender. Each Incremental RL Lender, the Borrower and the Administrative Agent
further agree that, with respect to the Incremental RL Commitment provided by each Incremental RL
Lender pursuant to this Agreement, such Incremental RL Lender shall receive from Borrower such
upfront fees, unutilized commitment fees and/or other fees, if any, as may be separately agreed to
in writing with Borrower and acknowledged by the Administrative Agent, all of
which fees shall be due and payable to such Incremental RL Lender on the terms and conditions set
forth in each such separate agreement.

 

 

Exhibit I

Page 2

     Furthermore, each of the parties to this Agreement hereby agree to the terms and conditions
set forth on Annex I hereto in respect of each Incremental RL Commitment provided pursuant
to this Agreement.

     Each Incremental RL 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 RL Lender organized under the laws of a
jurisdiction outside the United States, attaches the forms referred to in Section 3.1(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 Borrower
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 RL
Lender, the Administrative Agent, the Borrower 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 RL Lender party hereto (i) 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 (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.

     The Borrower acknowledges and agrees that (i) it shall be liable for all Obligations with
respect to the Incremental RL 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 RL
Commitments provided hereby and all Revolving Loans made pursuant thereto shall (i) be fully
guaranteed pursuant to the Guaranty 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.

 

 

Exhibit I

Page 3

     Attached hereto as Annex II is the officer’s certificate required to be delivered
pursuant to clause (b) of the definition of “Incremental Loan Commitment Requirements” appearing in
Section 1 of the Credit Agreement certifying that the conditions set forth in clause (a) of the
definition of “Incremental Loan Commitment Requirements” appearing in Section 1 of the Credit
Agreement have been satisfied (together with calculations demonstrating same (where applicable) in
reasonable detail).

     Attached hereto as Annex III [is an opinion] [are opinions] of [insert name or names
of counsel, including in-house counsel, who will be delivering opinions], counsel to the respective
Loan Parties, delivered as required pursuant to clause (d) of the definition of “Incremental Loan
Commitment Requirements” appearing in Section 1 of the Credit Agreement.

     Attached hereto as Annex IV are true and correct copies of officers’ certificates,
board of director resolutions and good standing certificates of the Loan Parties required to be
delivered pursuant to clause (e) of the definition of “Incremental Loan Commitment Requirements”
appearing in Section 1 of the Credit Agreement.

     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 RL 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.

* * *

 

 

Exhibit I

Page 4

     THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF
NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.

	 	 	 	 	 
	 	Very truly yours,

[NAME OF EACH INCREMENTAL RL LENDER]

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title 	 
	 

Agreed and Accepted

this ___ day of                     , ___:

	 	 	 	 	 
	 	RELIANT ENERGY, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	DEUTSCHE BANK AG NEW YORK BRANCH,

     as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

Exhibit I

Page 5

Each Guarantor acknowledges and agrees to each the foregoing provisions of this Incremental RL
Commitment Agreement and to the incurrence of the Revolving Loans to be made pursuant thereto.

	 	 	 	 	 
	 	[EACH GUARANTOR], as a Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

ANNEX I

TERMS AND CONDITIONS FOR INCREMENTAL RL COMMITMENT AGREEMENT

Dated as of ___, ___

	1.	 	Name of the Borrower: Reliant Energy, Inc.
	 
	2.	 	Incremental RL Commitment amounts (as of the Agreement Effective Date):

	 	 	 
	Names of Incremental RL Lenders	 	Amount of Incremental RL Commitment
	 
	Total:
	 	 

	3.	 	Other Conditions Precedent:exv10w41wb

Exhibit 10.41B

CONEMAUGH LESSOR GENCO LLC

SUBORDINATED PROMISSORY NOTE

                    , 2001

	 				
	$     ,000.00
	 	New York, New York
	 	August 24, 2000

          FOR VALUE RECEIVED, CONEMAUGH LESSOR GENCO LLC, a Delaware limited liability company (“Owner
Lessor”), whose address is c/o Wilmington Trust Company, Rodney Square North, 1100 North Market
Street, Wilmington, Delaware 19890-0001, Attention: Corporate Trust Administration, hereby
promises to pay to PSEGR CONEMAUGH GENERATION, LLC a Delaware limited liability company (the “Owner
Participant”), whose address is c/o PSEG Resources Inc., 80 Park Plaza, Suite T-22, Newark, New
Jersey 07101, Attention: President,            Million and No/100 Dollars ($     ,000.00) or such
lesser amount as is outstanding on January 1, 2029 (the “Maturity Date”), together with accrued and
unpaid interest thereon from the date hereof until such maturity, at the rate per annum and on the
dates and in the manner specified in this Subordinated Promissory Note (the “Note”).

     1. Definitions.

          (a) All capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to them in the Participation Agreement, dated as of August 24, 2000 (as the same may be
amended, supplemented or otherwise modified from time to time, the “Participation Agreement”),
among Reliant Energy Mid-Atlantic Power Holdings, LLC, a Delaware limited liability company
(“Facility Lessee”), the Owner Lessor, Wilmington Trust Company, in the capacities referred to
therein, the Owner Participant, and Bankers Trust Company, in the capacities referred to therein.

          (b) The following terms have the following meanings:

          “Senior Obligations” means, collectively, (i) all obligations of the Owner Lessor now
or hereafter existing under the Notes, whether now or hereafter existing, or including, without
limitation, reimbursement and principal thereof or indemnity obligations thereunder, interest owed
thereon (including interest payable subsequent to the commencement of any proceeding against or
with respect to the Owner Lessor under any chapter of the Bankruptcy Code, or any provision of a
state bankruptcy law, whether or not such interest is an allowed claim enforceable against the
debtor, and whether or not the holder of such obligation would be otherwise entitled to receive
dividends or payments with respect to any such interest or any such proceeding), and fees and
expenses related thereto and (ii) all obligations of the Owner Lessor now or hereafter existing
with respect to any unsubordinated indebtedness, rent or other obligation permitted to be incurred
by the terms of the Operative Documents, including, without limitation, the principal thereof,
interest owed thereon (including interest payable subsequent to the commencement of any proceeding
against or with respect to the Owner Lessor under any chapter of the Bankruptcy Code, or any

1

 

provision of a state bankruptcy law, whether or not such interest is an allowed claim
enforceable against the debtor, and whether or not the holder of such obligation would be otherwise
entitled to receive dividends or payments with respect to any such interest or any such
proceeding), and fees and expenses related thereto.

          “Subordinated Indebtedness” means all obligations of the Owner Lessor now or hereafter
existing hereunder or under other promissory notes or other evidences of indebtedness of the Owner
Lessor with identical subordination terms (whether created directly or acquired by assignment or
otherwise), whether for principal, interest (including interest accruing after the filing of a
petition initiating any proceeding against or with respect to the Owner Lessor under the Bankruptcy
Code, or any provision of a state bankruptcy law, whether or not such interest accrues after the
filing of such petition for purposes of the Bankruptcy Code or is an allowed claim in such
proceeding), fees, expenses or otherwise.

     2. Subordination.

          (a) The indebtedness evidenced by this Note and the other obligations described in the
definition of “Subordinated Indebtedness” is subordinated and subject in right of payment to the
prior payment in full of all Senior Obligations. Each holder of this Note, by its acceptance
hereof, agrees to and shall be bound by all the provisions hereof.

          (b) No payment on account of principal, premium or interest on the Subordinated Indebtedness
shall be made unless at the time of such payment and after giving effect thereto (i) full payment
of all amounts then due and payable with respect to Senior Obligations has been made, (ii) such
payment would be permitted under the Senior Obligations and by the Participation Agreement and the
other Operative Documents, (iii) at the time of such payment and after giving effect to such
payment the OP Guarantee shall be in full force and effect (provided that the OP Guarantee shall
not have been terminated or released in accordance with the terms of the Operative Documents), (iv)
Owner Participant is entitled to receive such payments free and clear of the Lien of the Lease
Indenture Trustee, (v) no default in the performance of any obligation of the Lessor Manager under
the Operative Documents has occurred and is continuing, (vi) there shall not exist any Significant
Lease Default, Lease Indenture Event of Default or any event or occurrence which, with the passage
of time or the giving of notice or both, would become a Lease Indenture Event of Default shall have
occurred and be continuing, and (vii) the ratio of the principal of the Indebtedness of the Owner
Lessor (other than the Notes) to the Owner Lessor Net Worth is less than or equal to 4.88 to 1.
Any such payment not prohibited pursuant to this paragraph is hereinafter referred to as a
“Permitted Payment.” For the purposes of these provisions, no Senior Obligation shall be
deemed to have been paid in full until the obligee of such Senior Obligation shall have
indefeasibly received payment in full in cash. Any cash payment on the Senior Obligations made by
a Person which is solvent at the time of and after giving effect to such payment shall be presumed
to have been indefeasibly paid in full in cash absent actual knowledge by the payor to the
contrary.

          (c) Upon any payment or distribution of assets of the Owner Lessor of any kind or character,
whether in cash, property or securities, to creditors upon any dissolution or winding up or total
or partial liquidation or reorganization of the Owner Lessor, whether voluntary or involuntary, or
in bankruptcy, insolvency, receivership or other proceedings, then and in any such

2

 

event all
amounts (including interest, indemnities and fees) due or to become due upon all Senior
Obligations shall first be paid in full before the holders of the Subordinated Indebtedness
shall be entitled to retain any assets so paid or distributed in respect of the Subordinated
Indebtedness (for principal, premium, interest or otherwise) and upon any such dissolution or
winding up or liquidation or reorganization, any payment or distribution of assets of the Owner
Lessor of any kind or character, whether in cash, property or securities, to which the holders of
the Subordinated Indebtedness would be entitled, except as otherwise provided herein, shall be paid
by the Owner Lessor or by any receiver, trustee in bankruptcy, liquidating trustee, agent or other
person making such payment or distribution, or by the holders of the Subordinated Indebtedness if
received by them, directly to the holders of the Senior Obligations or their representatives for
application to such Senior Obligations in accordance with their terms. So long as any Senior
Obligation is outstanding, the holder of this Note shall not commence, or join with any creditor
other than any Person to whom Senior Obligations are owed, in commencing, or directly or indirectly
causing the Owner Lessor to commence, or assist the Owner Lessor in commencing, any proceeding
referred to in the preceding sentence.

          (d) The holder of this Note hereby irrevocably authorizes and empowers (without imposing any
obligation on) each Person to whom any Senior Obligation is owed and such Person’s representatives,
under the circumstances set forth in the immediately preceding paragraph, to demand, sue for,
collect and receive every such payment or distribution described therein and give acquittance
therefor, to file claims and proofs of claims in any statutory or nonstatutory proceeding, to vote
such Person’s ratable share of the full amount of the Subordinated Indebtedness evidenced by this
Note in its sole discretion in connection with any resolution, arrangement, plan of reorganization,
compromise, settlement or extension and to take all such other action (including the right to
participate in any composition of creditors and the right to vote such Person’s ratable share of
the Subordinated Indebtedness, evidenced by this Note, at creditors’ meetings for the election of
trustees, acceptances of plans and otherwise), in the name of the holder of the Subordinated
Indebtedness evidenced by this Note or otherwise, as such Person’s representatives may deem
necessary or desirable for the enforcement of the subordination provisions of this Note. The
holder of this Note shall execute and deliver to each Person to whom any Senior Obligation is owed
and such Person’s representatives all such further instruments confirming the foregoing
authorization, and all such powers of attorney, proofs of claim, assignments of claim and other
instruments, and shall take all such other action as may be reasonably requested by such Person or
such Person’s representatives in order to enable such holder to enforce all claims upon or in
respect of such Person’s ratable share of the Subordinated Indebtedness evidenced by this Note;
provided, however, that nothing herein shall obligate the holder of this Note to pay or incur any
cost, expense or liability or to take any action that may result in the imposition of any cost,
expense or liability.

          (e) The holder of this Note shall not have any right to accelerate payment of, or institute
any proceedings to enforce, the Subordinated Indebtedness (other than a Permitted Payment) so long
as any Senior Obligation is outstanding.

          (f) If any payment (other than a Permitted Payment) or distribution of assets of the Owner
Lessor of any kind or character, whether in cash, property or securities, shall be received by the
holder of the Subordinated Indebtedness before all Senior Obligations are paid in full, such
payment or distribution will be held in trust for the benefit of, and shall be immediately paid
over

3

 

to, the holders of the Senior Obligations or their representatives for application to such
Senior Obligations in accordance with their terms.

          (g) Nothing contained in this Note is intended to or shall impair as between the Owner Lessor,
its creditors (other than the holders of Senior Obligations) and the holders of the Subordinated
Indebtedness, the obligations of the Owner Lessor to pay to the holders of the Subordinated
Indebtedness, as and when the same shall become due and payable in accordance with their terms, or
to affect the relative rights of the holders of the Subordinated Indebtedness and creditors of the
Owner Lessor (other than holders of Senior Obligations).

          (h) The Persons to whom Senior Obligations are due shall not be prejudiced in their rights to
enforce the subordination contained herein in accordance with the terms hereof by any act or
failure to act on the part of the Owner Lessor.

          (i) The holder of this Note agrees to execute and deliver such further documents and to do
such other acts and things as the Transaction Parties may reasonably request in order fully to
effect the purposes of these subordination provisions. Each holder of this Note by its acceptance
hereof authorizes and directs the Transaction Parties on its behalf to take such further action as
may be necessary to effectuate the subordination as provided herein and appoints the Lease
Indenture Trustee, so long as the Lien of the Lease Indenture shall not have been terminated or
discharged in accordance with the terms thereof, and thereafter, the holder of the largest
principal amount of Senior Obligations of the Owner Lessor outstanding at such time, as its
attorney-in-fact for any and all such purposes related to this Note.

          (j) The subordination effected by these provisions, and the rights of the Persons to whom
Senior Obligations are owed, shall not be affected by (i) any amendment of, or addition or
supplement to, any Operative Document, or any other document evidencing or securing any Senior
Obligation, (ii) any exercise or nonexercise of any right, power or remedy under or in respect of
any Operative Document, or any other document evidencing or securing any Senior Obligation or (iii)
any waiver, consent, release, indulgence, extension, renewal, modification, delay, or other action,
inaction or omission, in respect of, any Operative Document, or any other document evidencing or
securing any Senior Obligation, whether or not any holder of any Subordinated Indebtedness shall
have had notice or knowledge of any of the foregoing. No failure on the part of any holder of a
Senior Obligation to exercise, and no delay in exercising, any right hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any right hereunder preclude any other
or further exercise thereof or the exercise of any other right. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law.

          (k) The holder of this Note and the Owner Lessor each hereby waive promptness, diligence,
notice of acceptance and any other notice with respect to any Senior Obligation and these terms of
subordination and any requirement that any Transaction Party protect, secure, perfect or insure any
Lien or any property subject thereto or exhaust any right to take any action against the Owner
Lessor, any other Person or any collateral.

          (l) These terms of subordination shall continue to be effective or be reinstated, as the case
may be, if at any time any payment of any Senior Obligation is rescinded or must otherwise be
returned by the Person to whom such Senior Obligation is owed upon the insolvency,

4

 

bankruptcy or
reorganization of the Owner Lessor or otherwise, all as though such payment had not been made.

          (m) The provisions of these terms of subordination constitute a continuing agreement and shall
(i) remain in full force and effect until the Facility Lease has been terminated and all amounts
owed thereunder have been paid and the Lien of the Lease Indenture has been terminated or
discharged in accordance with their terms, (ii) be binding upon the holder of this Note and the
Owner Lessor and their respective successors, transferees and assignees and (iii) inure to the
benefit of, and be enforceable by, the Transaction Parties. Without limiting the generality of the
foregoing clause (iii), the Transaction Parties may assign or otherwise transfer all or any portion
of their rights and obligations under all or any of the Operative Documents to any other Person (to
the extent permitted by the Operative Documents), and such other Person shall thereupon become
vested with all the rights in respect thereof granted to the Transaction Parties herein or
otherwise.

     3. Interest. The principal of this Note shall bear interest at a rate per annum equal
to the lesser of (a) effective rate on a United States Treasury bond maturing on the Maturity Date
plus 3.00% per annum or (b) the highest rate permitted under applicable law (the “Maximum Lawful
Rate”).

     4. Notices. All written notices hereunder shall be given in the manner described in
Section 17.6 of the Participation Agreement and sent to the respective parties at the addresses set
forth in the preamble above.

     5. Maturity and Scheduled Payments. Subject to Section 2 and subject to the right of
the holder of this Note to accelerate the maturity hereof as hereinafter described, the principal
of this Note shall be due and payable on the Maturity Date and accrued and unpaid interest on the
principal amount outstanding on this Note shall be due and payable to the Owner Participant at its
address set forth above as it accrues semi-annually on each [January 2 and July 2] throughout the
term of this Note, beginning on the date that the Lien of Lease Indenture has been terminated or
discharged, until all unpaid principal and accrued and unpaid interest on this Note shall be paid
in full.

     6. Prepayments; Payments Generally. Subject to Section 2, at any time, the Owner
Lessor may prepay any amounts owing hereunder, in whole or in part, without penalty; provided,
however, that a prepayment shall not be subject to the requirements of Section 2 to the extent that
the Owner Lessor shall have received within 60 days before such prepayment equity contributions at
least equal to such prepayment. If any payment of principal or interest on this Note shall become
due on a day that is not a Business Day, such payment shall be made on the next succeeding Business
Day and such extension of time shall in such case be included in computing interest in connection
with such payment. All payments made in accordance with this Note are to be made in lawful money of
the United States of America in same day funds at the locations specified herein, or such other
place as the Owner Participant shall designate in writing to the Owner Lessor.

     7. Events of Default. If any of the following events (each, an “Event of Default”)
shall occur and be continuing, subject to Section 2 hereof, the outstanding principal balance of
this Note, together with accrued and unpaid interest and any other sums that the Owner Lessor may
owe to the Owner Participant under or in connection with this Note or otherwise (collectively, the

5

 

“Obligations”) shall automatically become immediately due and payable, without any further
notice of any kind to the Owner Lessor, all of which notices are expressly waived below:

     (a) The Owner Lessor shall fail to make any payment in respect of the principal of or
interest on this Note within five (5) Business Days after the same shall have become due;

     (b) the Owner Lessor (i) admits in writing its inability to pay its debts generally as
they become due; (ii) generally fails to pay its debts as they become due; (iii) files a
petition or answer seeking for itself, or consenting to or acquiescing in any
reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar
relief under, any bankruptcy law or any insolvency law or other law for the relief or aid of
debtors (including, without limitation, the Bankruptcy Code or any amendment thereto); or
(iv) makes an assignment for the benefit of its creditors; or

     (c) there is appointed a receiver, custodian, liquidator, fiscal agent or trustee of
the Owner Lessor or of the whole or any substantial part of its properties or assets, or any
court enters an order, judgment or decree approving a petition filed against the Owner
Lessor seeking reorganization, arrangement, composition, readjustment, liquidation,
dissolution or similar relief under any law referred to in paragraph (b) above and either
such order, judgment or decree so filed against it is not dismissed or stayed (unless and
until such stay is no longer in effect) within 30 days of entry thereof or an order for
relief is entered pursuant to any such law.

     8. Maximum Lawful Rate. Nothing contained in this Note or any other document executed
in connection herewith is intended to require the Owner Lessor to pay interest (including fees,
charges or expenses or any other amounts which, under applicable law, are deemed interest) for the
account of the Owner Participant at a rate exceeding the Maximum Lawful Rate.

          All agreements between the Owner Lessor and the Owner Participant, whether now existing or
hereafter arising and whether written or oral, are hereby expressly limited so that in no
contingency or event whatsoever, whether by reason of demand being made on this Note, prepayment or
otherwise, shall the amount paid, or agreed to be paid, to the Owner Participant for the use,
forbearance, or detention of the money to be loaned under this Note or otherwise or for the payment
or performance of any covenant or obligation contained herein or in any other document executed in
connection herewith exceed the Maximum Lawful Rate. If the amount of any interest (including fees,
charges or expenses or any other amounts which, under applicable law, are deemed interest)
contracted for, taken, reserved, charged or received by or for the account of the Owner
Participant, would exceed the Maximum Lawful Rate, then, ipso facto, the amount of such interest
payable for the account of the Owner Participant shall be automatically reduced to such Maximum
Lawful Rate, and if, from any such circumstance, the Owner Participant shall ever receive interest
or anything which might be deemed interest under applicable law which would exceed the Maximum
Lawful Rate, such amount which would be excessive interest shall be applied to the reduction of the
principal amount owing on account of this Note held by the Owner Participant and not to the payment
of interest, or if such excessive interest exceeds the unpaid balance of principal of such Note,
such excess shall be refunded to the Owner Lessor. All sums paid or agreed to be paid to the Owner
Participant for the use, forbearance or detention of the indebtedness of the Owner

6

 

Lessor to the
Owner Participant shall, to the extent permitted by applicable law, be amortized, prorated,
allocated and spread throughout the full term of such indebtedness until payment in full of
the principal (including the period of any renewal or extension thereof) so that the interest
on account of such indebtedness shall not exceed the Maximum Lawful Rate.

     9. Expenses. In addition to all principal and accrued interest on this Note, the
Owner Lessor agrees, subject to Section 2, to pay (i) all reasonable costs and expenses incurred by
all owners and holders of this Note in collecting this Note through any probate, reorganization,
bankruptcy or any other proceeding; and (ii) reasonable attorneys’ fees when and if this Note is
placed in the hands of an attorney for collection after default.

     10. Waivers. The Owner Lessor and any and all endorsers, guarantors and sureties
severally waive grace, presentment for payment, notice of dishonor, protest and notice of protest
and diligence in collecting and bringing of suit against any party hereto. The Owner Lessor and any
and all endorsers, guarantors and sureties further agree: (i) to all renewals, extensions,
amendments and modifications hereof without limit, or partial payments hereon; (ii) to any release
or substitution of security herefor, in whole or in part, or any release or discharge of any
guarantor, surety, or co-maker, with or without notice, before or after maturity; (iii) that waiver
of any default shall not constitute waiver of any prior or subsequent default; and (iv) that no
remedy, right or power conferred upon The Owner Participant or the holder of this Note is intended
to be exclusive of any other remedy, right or power given hereunder or now or hereafter available
at law, in equity or otherwise. This Note may be transferred by The Owner Participant, and the
rights and privileges of The Owner Participant under this Note shall inure to the benefit of The
Owner Participant’s representatives, successors and assigns.

     11. Proceeds. The proceeds of this Note are for business, commercial or investment
purposes and none of such proceeds shall be used for personal, consumer, family household or
agricultural purposes or for purchasing or carrying margin stock.

     12. Governing Law. This Note shall be governed by, and construed in accordance with,
the laws of the State of New York.

     13. Final Agreement. This Note and the other documents, agreements and instruments
executed in connection herewith represent the final agreement between the parties and supersede all
previous agreements and understandings, oral or written, relating to this subject matter.

	 	 	 	 	 
	 	CONEMAUGH LESSOR GENCO LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

7

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