Document:

THESE SECURITIES HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD OR OFFERED FOR SALE IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES OR AN OPINION OF COUNSEL OR OTHER EVIDENCE ACCEPTABLE TO THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

 

EXCHANGE AGREEMENT

 

This Exchange Agreement (this “Agreement”)
is entered into and effective as of June 30, 2014 (the “Effective Date”) by and between Investview, Inc., a
Nevada corporation (the “Company”), and the investor set forth on the signature page attached hereto (the “Holder”).

 

WHEREAS, the Company presently has
debt outstanding in the amount of approximately $3,100,000 including principal and interest, which is held by various affiliated
and unaffiliated parties; and

 

WHEREAS, the Company is presently
seeking to have such debt exchanged pursuant to the terms hereof; and

 

WHEREAS, the Holder is the holder
of that certain Convertible Debenture, in the principal amount (the “Principal”) and with interest (“Interest”)
accrued as set forth on the Exchange Notice (the “Notice”), attached hereto on Exhibit A, issued by the
Company to the Holder (the “Debenture”); and

 

WHEREAS, the Holder is the holder
of that certain Common Stock Purchase Warrant (the “Warrant”) to purchase shares of common stock of the Company,
$0.001 par value per share (the “Common Stock”) as set forth on the Notice; and

 

WHEREAS, the Company has provided
the Holder with the option, as set forth on the Notice, to (i) convert 110% of the Principal Amount and Interest payable under
the Debenture (the “Amount Due”) into an 8% Secured Convertible Promissory Note due July 1, 2017 (the “New
Note”), which is attached hereto as Exhibit B or (ii) convert the Amount Due into shares of Common
Stock (the “Shares”), as set forth on the Notice; and

 

WHEREAS, in the event the Holder
converts the Debenture into the New Note or the Shares, the Company will provide the Holder with the option, as set forth on the
Notice, to Exchange the Warrant into a New Warrant, in accordance with the form that is attached hereto as Exhibit C, in
the amount as set forth on the Notice; and 

 

WHEREAS, pursuant to Section 3(a)(9)
of the Securities Act of 1933, as amended (the “Act”), the Company desires to exchange with the Holder, and
the Holder desires to (i) exchange with the Company, the Debenture for the New Note or the Shares as set forth on
the Notice and (ii) exchange with the Company, the Warrant for the New Warrant as set forth on the Notice, on the terms and conditions
of and as more fully described in this Agreement.

 

NOW, THEREFORE, in consideration
of the mutual covenants contained in this Agreement, and for other good and valuable consideration the receipt and adequacy of
which are hereby acknowledged, the Company and the Holder agree as follows:

 

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1.                  
Exchange of Debenture for the New Note or the Shares. On the Effective Date, the Holder will transfer
and deliver the Debenture to the Company and the Company will issue to Holder the New Note or the Shares, as set
forth on the Notice (the “Debenture Exchange Securities”), in exchange for the Debenture plus any and all claims
arising out of or relating to the Debenture, including without limitation any accrued but unpaid interest thereon. The Debenture
shall be cancelled for all purposes as of the Effective Date, whether or not the original is returned to the Company for cancelation.

 

2.                  
Exchange of Warrant for the New Warrant. On the Effective Date, the Holder will transfer and deliver the Warrant
to the Company and the Company will issue to Holder the New Warrant as set forth on Exhibit A (the “Warrant Exchange Securities”
and collectively with the Debenture Exchange Securities, the “Exchange Securities”), in exchange for the Warrant
plus any and all claims arising out of or relating to the Warrant. The Warrant shall be cancelled for all purposes as of the Effective
Date, whether or not the original is returned to the Company for cancelation.

 

3.                  
Delivery of Exchange Securities/Accredited Questionnaire. All Exchange Securities shall be duly authorized, validly
issued, fully paid, non-assessable and free of any pre-emptive rights. The Holder shall complete and return the accredited investor
questionnaire prior to the Effective Date, a form of which is attached hereto as Exhibit D.

 

4.                  
Lock-up Agreement.

 

(a) The Holder agrees
that it shall not transfer, offer, pledge, sell, contract to sell, grant any options for the sale of or otherwise dispose of, directly
or indirectly for twenty-four (24) months, one hundred percent (100%) of the Exchange Securities or any shares of Common Stock
that may be issued on conversion or exercise of the Exchange Securities (the “Lockup Securities”) held by such
Holder. The Holder agrees that it shall not transfer, offer, pledge, sell, contract to sell, grant any options for the sale of
or otherwise dispose of, directly or indirectly the Lockup Securities for twelve (12) months from the date of this Agreement. If
requested by an underwriter of Common Stock, each Holder will reaffirm the agreement set forth in this Section 4 in a separate
writing in a form satisfactory to such underwriter. The Company may impose stop-transfer instructions with respect to the Lockup
Securities.

 

(b)
Notwithstanding the foregoing, the restrictions set forth in Section 4(a) above shall not apply to (A) the sale by the
Holder of up to 8% of the Lockup Securities every month commencing on the twelve (12) month anniversary of this Agreement and continuing
through the twenty four (24) month anniversary of this Agreement, (B) transfers (i) as a bona fide gift or gifts, provided
that the donee or donees thereof agree to be bound in writing by the restrictions set forth herein, or (ii) to any trust for the
direct or indirect benefit of the undersigned or the immediate family of the undersigned, provided that the trustee of the trust
agrees to be bound in writing by the restrictions set forth herein, and provided further that any such transfer shall not involve
a disposition for value, or (C) with the prior written consent of the Board of Directors of the Company. For purposes of this Agreement,
“immediate family” shall mean any relationship by blood, marriage or adoption, not more remote than first cousin.

 

5.                  
Representations and Warranties of Company. The Company hereby makes the following representations and warranties
to the Holder, with the understanding and acknowledgment that the Holder will rely on such representations and warranties in effecting
transactions in securities of the Company:

 

(a)               
Power and Authority. The Company is a corporation duly incorporated, validly existing and in good standing under
the laws of the State of Nevada. The Company has the corporate power and authority to execute, deliver and perform all of its obligations
under the Agreement, and to issue, sell and deliver the Exchange Securities. The execution, delivery and performance of the Agreement
have been duly authorized by all necessary corporate action on the part of the Company and the Agreement has been duly executed
and delivered by the Company.

 

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(b)               
Exchange Securities. The Exchange Securities are duly authorized, validly issued, fully paid and non-assessable.
The issuance of the Exchange Securities is not be subject to any statutory or contractual preemptive rights of any stockholder
of the Company. The Exchange Securities are being issued to the Holder by the Company in compliance with all applicable federal
and state securities laws and regulations.

 

(c)               
No Liens. The Exchange Securities are free and clear of all pledges, security interests, liens, charges, encumbrances,
agreements, claims, rights of first refusal, preemptive rights, or other restrictions and options of whatever nature (collectively,
“Liens”). Upon consummation of the transaction contemplated hereby, the Holder will acquire good and valid title to
the Exchange Securities free and clear of all Liens.

 

(d)               
No Conflicts. The execution and delivery of the Agreement by the Company does not, and the Company’s performance
of its obligations hereunder will not (i) violate the certificate of incorporation, bylaws, or other organizational or governing
documents of Company, as in effect on the date hereof, (ii) violate in any material respect any federal or state law, rule or regulation,
or judgment, order or decree of any state or federal court or governmental or administrative authority, in each case that is applicable
to the Company or its properties or assets and which could have a material adverse effect on the Company’s business, properties,
assets, financial condition or results of operations or prevent the performance by the Company of the Agreement, or (iii) require
the authorization, consent, approval of or other action of, notice to or filing or qualification with, any state or federal governmental
authority.

 

(e)               
No Registration. The exchange of the Debentures for the New Note or the Shares and the exchange of the Warrant for
the New Warrant is being consummated without registration under the Act pursuant to the exemption from registration contained in
Section 3(a)(9) of the Act. The Company has not engaged in any general solicitation or engaged or agreed to compensate any broker
or agent in connection with the transactions contemplated by this Agreement. None of the Company, its subsidiaries, any of their
affiliates, and any person acting on their behalf has, directly or indirectly, made any offers or sales of any security or solicited
any offers to buy any security, under circumstances that would require registration of any of the Exchange Securities under the
Securities Act of 1933, as amended (the “Act”).

 

(f)                
No Integration. None of the Company, its subsidiaries, any of their affiliates, and any person acting on their behalf
has, directly or indirectly, made any offers or sales of any security or solicited any offers to buy any security, under circumstances
that would cause the exchange transaction contemplated by this Agreement to be integrated with any prior or contemporaneous offerings
by the Company for purposes of Act. None of the Company, its subsidiaries, their affiliates, and any person acting on their behalf
will take any action referred to in the preceding sentence that would require registration of any of the Exchange Securities under
the Act or cause the exchange transaction contemplated by this Agreement to be integrated with any prior or contemporaneous offerings
of the Company.

 

(g)               
No Litigation. There is no action, suit, inquiry, notice of violation, proceeding or investigation pending or, to
the knowledge of the Company, threatened against or affecting the Company, its affiliates, or any of their respective properties,
or the Exchange Securities, before or by any court, arbitrator, governmental or administrative agency or regulatory authority (federal,
state, county, local or foreign) (collectively, an “Action”), which adversely affects or challenges, or could adversely
affect or challenge, the legality, validity or enforceability of this Agreement or the Exchange Securities. The Company has not
been the subject of any Action involving a claim of violation of or liability under federal or state securities laws or a claim
of breach of fiduciary duty. There has not been, and to the knowledge of the Company there is not pending or contemplated, any
investigation by the Securities and Exchange Commission (“SEC”) involving the Company or any of its officers or directors.

 

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(h)               
SEC Filings. The Company is current in its filings of all reports, schedules, forms, statements, and other documents
required to be filed by it with the SEC, and all such reports were true, complete and accurate in all material respects on the
date of filing thereof, and none contained a false statement of material fact, or failed to state a material fact necessary to
make any of the statements therein not misleading.

 

6.                  
Representations and Warranties of Holder. The Holder hereby makes the following representations and warranties to
the Company:

 

(a)               
The Holder is the sole legal and beneficial owner of the Debenture and the Warrant free and clear of any Liens or any claims
of third parties.

 

(b)               
The Holder is an “accredited investor” as defined in Regulation D under the Act.

 

(c)               
The Holder has made all investigations that the Holder deems necessary or desirable in connection with the transactions
contemplated by this Agreement and has had an opportunity to ask questions of and receive answers from the Company and, alone or
together with the Holder’s advisors, has such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risks of the Holder’s investment in the Exchange Securities.

 

(d)               
The Holder understands and acknowledges that the Company has requested that additional holders of its derivative securities,
including warrant and convertible debentures holders, convert such securities under terms similar to the terms provided in this
Agreement. Accordingly, the Holder acknowledges that upon consummation of this transaction, there may be additional shares of common
stock or convertible debt outstanding.

 

(e)               
The Holder is acquiring the Exchange Securities for investment for the Holder’s own account, not as a nominee or agent,
and not with the view to, or for resale in connection with, any distribution thereof, and the Holder has no present intention of
selling, granting any participation in, or otherwise distributing the same. The Holder further represents that it will not violate
the Act and does not have any contract, undertaking, agreement or arrangement with any person or entity to sell, transfer or grant
participation to such person or entity or to any third person or entity with respect to the Exchange Securities.

 

(f)                
The Holder understands and acknowledges that the Company has a limited financial and operating history and that an investment
in the Company is highly speculative and involves substantial risks. The Holder can bear the economic risk of such investment and
is able, without impairing the Holder’s financial condition, to hold the Exchange Securities for an indefinite period of
time and to suffer a complete loss of the Holder’s investment. The Holder has read and understands the business and operations
of the Company including the risks set forth in the Form 10-K Annual Report for the year ended March 31, 2013 as filed with the
Securities and Exchange Commission on July 1, 2013, the Form 10-Q Quarterly Report for the quarter ended December 31, 2013 as filed
with the Securities and Exchange Commission on February 14, 2014 and all other reports filed with the Securities and Exchange Commission
since February 14, 2014.

 

(g)               
 

 

 

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7.                  
Miscellaneous.

 

(a)               
Further Assurances. Each party hereto shall promptly execute and deliver such further agreements and instruments,
and take such further actions, as the other party may reasonably request in order to carry out the purpose and intent of this Agreement.

 

(b)               
Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed
given if delivered personally or by facsimile transmission (with subsequent letter confirmation by mail) or two days after being
mailed by certified or registered mail, postage prepaid, return receipt requested, to the parties, their successors in interest
or their assignees at the addresses that each party has on record.

 

(c)               
Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement
shall be governed by the internal laws of the State of New York, without giving effect to any choice of law or conflict of law
provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the laws of
any jurisdictions other than the State of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the
state and federal courts sitting in the City of New York, Borough of Manhattan, for the adjudication of any dispute hereunder or
in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees
not to assert in any suit, action or proceeding, any claim that such party is not personally subject to the jurisdiction of any
such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or
proceeding is improper. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted
by law.

 

(d)               
Execution. This Agreement may be executed in two or more counterparts, all of which when taken together shall be
considered one and the same agreement. In the event that any signature is delivered by facsimile or other electronic transmission,
such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed)
with the same force and effect as if such facsimile or other electronic signature page were an original thereof.

 

(e)               
Expenses. Each party hereto shall bear its own costs and expenses, including, without limitation, attorneys’
fees, incurred in connection with this Agreement and the transactions contemplated hereby.

 

(f)                
Complete Agreement. This Agreement, together with the exhibits hereto, contains the entire agreement and understanding
of the parties, and supersedes all prior and contemporaneous agreements, term sheets, letters, discussions, communications and
understandings, both oral and written, which the parties acknowledge have been merged into this Agreement. No party, representative,
attorney or agent has relied upon any collateral contract, agreement, assurance, promise, understanding or representation not expressly
set forth hereinabove. The parties hereby expressly waive all rights and remedies, at law and in equity, directly or indirectly
arising out of or relating to, or which may arise as a result of, any person or entity’s reliance on any such assurance.

 

[REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the
parties hereto have caused this Exchange Agreement to be duly executed by their respective authorized signatories as of the date
first indicated above.

 

Company:

 

	INVESTVIEW,
    INC.	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	By:  		 	
	Name:	Joseph J. Louro	 	 
	Title:  	Chief Executive Officer	 	
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	Holder:
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

 

 

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EXHIBIT A

EXCHANGE NOTICE

To:INVESTVIEW, INC.

CONVERTIBLE DEBENTURE - The undersigned Holder of the
attached certain Convertible Debenture dated __________, in the principal amount of $________ with interest of $____ accrued through
June 30, 2014 hereby surrenders such Convertible Debenture and irrevocable elects to:

Choose One:

 

 

		__	The Holder elects to convert the Convertible Debenture into an 8% Secured Convertible Promissory Note due July 1, 2017 in the
principal amount of $[ ]. 

 

or

		__	The Holder elects to convert the Convertible Debenture into [ ] shares of common stock of the Company, $0.001 par value per
share.
	 	 	 

 

 

 

		__	COMMON STOCK PURCHASE WARRANT - The undersigned Holder of the attached certain Common Stock Purchase Warrant dated _______
to acquire[_____] shares of common stock of the Company hereby surrenders such Common Stock Purchase Warrant and irrevocable elects
to exchange this Warrant for the new Warrant for [_____] Shares exercisable at $1.50 per share expiring on July 1, 2019 :

 

 

The undersigned herewith requests that the certificates for
such shares or 8% Promissory Note due September 30, 2015, as applicable, be issued in the name of, and delivered to the undersigned,
whose address is

________________________________.

 

________________________________

Holder:

____________________________________

 

By:__________________________________

 Name:

 

 

ACKNOWLEDGED AND AGREED:

 

INVESTVIEW, INC.

 

 

By:____________________________

Name: Joseph J. Louro

Title: Chief Executive Officer

 

    	7EXHIBIT 10.1 - CPN Share Repurchase Agreement

EXHIBIT 10.1

SHARE REPURCHASE AGREEMENT
THIS SHARE REPURCHASE AGREEMENT (this “Agreement”) is made and entered into as of this 8th day of July, 2014, by and among the entity or entities set forth on Exhibit A hereto (the “Sellers”), and Calpine Corporation, a Delaware corporation (the “Purchaser”).
RECITALS
WHEREAS, each Seller desires to sell to the Purchaser, and the Purchaser desires to purchase from each Seller, the number of shares of Common Stock, par value $0.001 per share, of the Purchaser (“Common Stock”), set forth alongside each Seller’s name on Exhibit A hereto on the terms and conditions set forth in this Agreement (the “Repurchase Transaction”); and
WHEREAS, the board of directors of the Purchaser and the managing member (acting through such member’s general partner) of each of Sellers have approved the Repurchase Transaction.
NOW, THEREFORE, in consideration of the premises and the agreements set forth below, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
ARTICLE I
Sale and Purchase of Shares
Section 1.1    Purchase. Subject to the terms and conditions of this Agreement, at the Closing (as defined below), each Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase, acquire and accept from each Seller, the number of shares of Common Stock set forth alongside each Seller’s name on Exhibit A hereto (the “Shares”).  The purchase price for each Share shall be $23.5719 per share (the “Purchase Price”) and $311,464,283 in the aggregate.
Section 1.2    Closing. The closing of the Repurchase Transaction (the “Closing”) will take place at the Purchaser’s offices at 717 Texas Avenue, Suite 1000, Houston, Texas on such date as is mutually agreed by the Sellers and the Purchaser but in no event later than the end of the third (3rd) full business day after the date of this Agreement (the date of the Closing being referred to as the “Closing Date”).  At the Closing, (a) each Seller shall deliver or cause to be delivered to the Purchaser all of the Seller’s right, title and interest in and to the Shares (including, if applicable, via delivery in electronic book-entry form through the facilities of the Depository Trust Company), together with all documentation reasonably necessary to transfer to the Purchaser the right, title and interest in and to the Shares; and (b) the Purchaser shall pay to each Seller the aggregate Purchase Price in respect of the Shares in cash by wire transfer of immediately available funds in accordance with the wire transfer instructions provided by the Seller to the Purchaser.

Section 1.3    Conditions. The obligations of the Purchaser and the Sellers to consummate the Repurchase Transaction and to effectuate the Closing are subject to the satisfaction of the following conditions at the time of the Closing: 
(i)    the Repurchase Transaction will be made in accordance with, and not be in contravention of, the terms of applicable federal and state securities laws and regulations or any other applicable laws or regulations; and 
(ii)     there shall be no suit, action, claim, investigation, inquiry or proceeding instituted or threatened or an order, decree or judgment of any court, arbitrator, agency or governmental authority rendered which (i) questions the validity or legality of any transaction contemplated hereby, or (ii) seeks to enjoin any transaction contemplated hereby.
(b)    This Agreement shall terminate automatically and be of no force or effect if any of the conditions set forth herein is not satisfied as of the end of the third (3rd) full business day after the date of this Agreement. 
(c)    The conditions set forth herein shall be of no force or effect following the Closing.
ARTICLE II 
 
Representations and Warranties of each Seller
Each Seller hereby makes the following representations and warranties to the Purchaser as to itself, each of which is true and correct on the date hereof and as of the Closing Date and shall survive the Closing Date.
Section 2.1    Power; Authorization and Enforceability. The Seller is duly incorporated or formed, validly existing and in good standing under the laws of the state of its incorporation or formation, and has the requisite power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby.  
(b)    This Agreement has been duly executed and delivered by the Seller and constitutes a legal, valid and binding obligation of such Seller, enforceable against such Seller in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.
Section 2.2    No Consents. The execution and delivery of this Agreement by the Seller and the consummation by the Seller of the transactions contemplated hereby do not require the consent, approval, authorization, order, registration or qualification of, or (except for filings pursuant to Section 16 or Section 13 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) filing by the Seller with, any governmental authority or regulatory authority, 

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including any stock exchange or self-regulatory organization, or court, or body or arbitrator having jurisdiction over such Seller.
Section 2.3    No Conflicts. The execution and delivery of this Agreement by the Seller and the consummation by such Seller of the transactions contemplated hereby does not and will not constitute or result in a breach, violation or default under, or cause the acceleration or termination of any obligation or right of such Seller under (i) any agreement or instrument, whether written or oral, express or implied, to which the Seller is a party, (ii) the Seller’s organizational documents, or (iii) any statute, law, ordinance, decree, order, injunction, rule, directive, judgment or regulation of any court, administrative or regulatory body, governmental authority, arbitrator, mediator or similar body on the part of the Seller, except, in each case, as would not reasonably be expected to have an adverse effect upon the ability of the Seller to consummate the Repurchase Transaction and perform its obligations under this Agreement.
Section 2.4    Title to Shares. The Seller is the sole legal owner of, and has good and valid title to, the Shares and upon delivery to the Purchaser of the Shares to be sold by the Seller to the Purchaser, against payment made pursuant to this Agreement, good and valid title to such Shares, free and clear of any lien, pledge, charge, security interest, mortgage, or other encumbrance or adverse claim, will pass to the Purchaser.
Section 2.5    Sophistication of the Seller. The Seller (either alone or together with its advisors) has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the Repurchase Transaction.  The Seller has had the opportunity to ask questions and receive answers concerning the terms and conditions of the Repurchase Transaction and the Shares and has had full access to such other information concerning the Shares and the Purchaser as it has requested.  The Seller has received all information that it believes is necessary or appropriate in connection with the Repurchase Transaction.  The Seller is an informed and sophisticated party and has engaged, to the extent the Seller deems appropriate, expert advisors experienced in the evaluation of transactions of the type contemplated hereby.  The Seller acknowledges that the Seller has not relied upon any express or implied representations or warranties of any nature made by or on behalf of the Purchaser, whether or not any such representations, warranties or statements were made in writing or orally, except as expressly set forth for the benefit of the Seller in this Agreement.
ARTICLE III
Representations and Warranties of the Purchaser
The Purchaser hereby makes the following representations and warranties to each Seller, each of which is true and correct on the date hereof and as of the Closing Date and shall survive the Closing Date.
Section 3.1    Power; Authorization and Enforceability. The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the requisite power, authority and capacity to execute and deliver this Agreement, to perform the Purchaser’s obligations hereunder, and to consummate the transactions contemplated hereby.  

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(b)    This Agreement has been duly executed and delivered by the Purchaser and constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 
Section 3.2    No Consents. The execution and delivery of this Agreement by the Purchaser and the consummation by the Purchaser of the transactions contemplated hereby do not require the consent, approval, authorization, order, registration or qualification of, or (except for filings pursuant to the Exchange Act following the date of this Agreement) filing by the Purchaser with, any governmental authority or regulatory authority, including any stock exchange or self-regulatory organization, or court, or body or arbitrator having jurisdiction over the Purchaser.
Section 3.3    No Conflicts. The execution and delivery of this Agreement by the Purchaser and the consummation by the Purchaser of the transactions contemplated hereby does not and will not constitute or result in a breach, violation or default under, or cause the acceleration or termination of any obligation or right of such the Purchaser under (i) any agreement or instrument, whether written or oral, express or implied, to which the Purchaser is a party, (ii) the Purchaser’s organizational documents, or (iii) any statute, law, ordinance, decree, order, injunction, rule, directive, judgment or regulation of any court, administrative or regulatory body, governmental authority, arbitrator, mediator or similar body on the part of the Purchaser, except, in each case, as would not reasonably be expected to have an adverse effect upon the ability of the Purchaser to consummate the Repurchase Transaction and perform its obligations under this Agreement.
Section 3.4    Sophistication of Purchaser. The Purchaser has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the Repurchase Transaction.  The Purchaser is an informed and sophisticated party and has engaged, to the extent the Purchaser deems appropriate, expert advisors experienced in the evaluation of transactions of the type contemplated hereby.  The Purchaser acknowledges that it has not relied upon any express or implied representations or warranties of any nature made by or on behalf of any Seller, whether or not any such representations, warranties or statements were made in writing or orally, except as expressly set forth for the benefit of the Purchaser in this Agreement.
ARTICLE IV
Miscellaneous Provisions
Section 4.1    Notice. All notices, requests, certificates and other communications to any party hereunder shall be in writing and given to each other party hereto and shall be deemed given or made (i) as of the date delivered, if delivered personally, (ii) on the date the delivering party receives confirmation, if delivered by facsimile or electronic mail (iii) three (3) business days after being mailed by registered or certified mail (postage prepaid, return receipt requested); or (iv) one (1) business day after being sent by overnight courier (providing proof of delivery), to the 

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parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 4.1).
If delivered to the Purchaser, to:
Calpine Corporation 
717 Texas Avenue, Suite 1000 
Houston, Texas 77002 
Attention:  W. Thaddeus Miller 
Facsimile No.:  713 830 2001
with a copy to:    
White & Case LLC 
1155 Avenue of the Americas 
New York, NY 10036 
Attention:  Colin J. Diamond 
Facsimile No.:  (212) 354-8113
if to any Seller, to:

LSP Cal Holdings I, LLC 
1700 Broadway, 35th Floor
New York, NY 10019 
Attention:  John Staikos
Facsimile No.: (212) 615-3440 

Section 4.2    Entire Agreement. This Agreement and the other documents and agreements executed in connection with the Repurchase Transaction shall constitute the entire agreement between the parties with respect to the subject matter hereof and shall supersede all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter of this Agreement.
Section 4.3    Assignment; Binding Agreement. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned, in whole or in part, by either of the parties without the prior written consent of the other party.  Subject to the preceding sentence, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the parties hereto and their respective successors and permitted assigns.  Any purported assignment not permitted under this Section 4.3 shall be null and void.
Section 4.4    Counterparts. This Agreement may be executed and delivered (including by facsimile transmission) in one or more counterparts, and by the different parties in separate counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.  Copies of executed counterparts transmitted by telecopy, telefax or electronic transmission shall be considered original executed counterparts for purposes of this Section 4.4.

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Section 4.5    Governing Law; Waiver of Jury Trial; Limitation on Damages. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THE STATE OF NEW YORK, REGARDLESS OF THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS. 
EACH OF THE PARTIES TO THIS AGREEMENT IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT. 
NO PARTY SHALL BE LIABLE (IN CONTRACT OR IN TORT, INCLUDING NEGLIGENCE, STRICT LIABILITY, INDEMNITY AND WARRANTY) FOR SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES IN CONNECTION WITH, ARISING OUT OF OR IN ANY WAY RESULTING FROM SUCH PARTY’S PERFORMANCE, NONPERFORMANCE OR DELAY IN PERFORMANCE OF ITS OBLIGATIONS UINDER THIS AGREEMENT OR FOR ANY FAILURE OF PERFORMANCE RELATED HERETO, HOWSOEVER CAUSED.  IN ADDITION, UNDER NO CIRCUMSTANCES SHALL THE AGGREGATE LIABILITY OF SELLERS, ON THE ONE HAND, OR PURCHASER, ON THE OTHER HAND, HEREUNDER OR IN CONNECTION HEREWITH EXCEED THE AGGREGATE PURCHASE PRICE.

Section 4.6    No Third Party Beneficiaries or Other Rights. This Agreement is for the sole benefit of the parties and their successors and permitted assigns and nothing herein express or implied shall give or shall be construed to confer any legal or equitable rights or remedies to any person other than the parties to this Agreement and such successors and permitted assigns.
Section 4.7    Amendments; Waivers. This Agreement and its terms may not be changed, amended, waived, terminated, augmented, rescinded or discharged (other than in accordance with its terms), in whole or in part, except by a writing executed by the parties hereto.
Section 4.8    Further Assurances. Each party hereto shall use its reasonable best efforts to do and perform or cause to be done and performed all such further acts and things and shall execute and deliver all such other agreements, certificates, instruments, and documents as any other party hereto reasonably may request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.
Section 4.9    Severability. In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby.  The parties shall endeavor in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

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Section 4.10    Termination. This Agreement may be terminated and the Repurchase Transaction abandoned at any time prior to the Closing by mutual written consent of each party.
(Signatures appear on the next page.)

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IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed as of the date first above written.
	
		
	THE PURCHASER:

	 

	Calpine Corporation

	 

	By:
	/s/ ZAMIR RAUF

	 
	Name: Zamir Rauf 
Title: Executive Vice President & Chief Financial Officer

	 
	 

	 
	 

	THE SELLERS:

	 

	LSP Cal Holdings I, LLC

	 

	By:
	/s/  DARPAN KAPADIA

	 
	Name: Darpan Kapadia
Title: Managing Director

Exhibit A

	
		
	Name
	Number of Shares being Sold

	LSP Cal Holdings I, LLC
	13,213,372

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