Document:

EX-10.27

Exhibit 10.27

AGREEMENT WITH RESPECT TO

THE NOTE PURCHASE AGREEMENT

     This Agreement with respect to the Note Purchase Agreement (this “Agreement”) is made as of
this 19th day of December, 2008 among NRG Common Stock Finance II LLC, a Delaware limited liability
company (“Issuer”), NRG Energy, Inc., a Delaware corporation (the “Company”), Credit Suisse
International (together with its successor and assigns, “Purchaser”) and Credit Suisse Securities
(USA) LLC (“Agent”), solely in its capacity as agent for Purchaser and Issuer.

W I T N E S S E T H

     WHEREAS, Issuer, Purchaser and Agent are party to the Note Purchase Agreement dated August 4,
2006 (the “Note Purchase Agreement”), whereby Issuer agreed to sell and Purchaser agreed to
purchase Issuer’s promissory notes on the terms and conditions set forth therein;

     WHEREAS, Issuer, Purchaser and Agent have heretofore entered into a Note Purchase Amendment
Agreement dated as of December 19, 2008 relating to the Note Purchase Agreement (the “First
Amendment Agreement”) (and, for the avoidance of doubt, references to the Note Purchase Agreement
herein shall mean the Note Purchase Agreement as modified or amended by such First Amendment
Agreement);

     WHEREAS, Issuer and Purchaser wish to effect certain transactions in connection with the Note
Purchase Agreement on the terms and conditions set forth herein;

     NOW, THEREFORE, in consideration of their mutual covenants herein contained, the parties
hereto, intending to be legally bound, hereby mutually covenant and agree as follows:

     SECTION 1. Definitions. As used herein, capitalized terms not defined herein shall have the
meaning ascribed to them in, or as provided in, the Note Purchase Agreement.

     SECTION 2. Notice of Increased Costs. (a) Purchaser shall provide notice (an “Increased
Costs Notice”) to Issuer following the end of each calendar month during which an Increased Cost of
Stock Borrow, Increased Cost or Other Increased Cost of Hedging in respect of the Notes occurred or
was continuing of the amount in U.S. dollars of each such Increased Cost of Stock Borrow, Increased
Cost and/or Other Increased Cost of Hedging for such month. Such Increased Costs Notice shall specify the nature and amount of the Increased Cost of Stock
Borrow, Increased Cost and/or Other Increased Cost of Hedging and shall provide a reasonably
detailed basis for the determination thereof. In addition, in respect of any Increased Cost of
Stock Borrow specified in such

 

 

Increased Costs Notice, Purchaser shall provide notice of (i) the
reduction of the Threshold Price for any Note that the Calculation Agent would apply pursuant to
Section 15 of the Note Purchase Agreement to account for such Increased Cost of Stock Borrow (the
“Threshold Price Adjustment”) and (ii) an amount of cash in U.S. dollars (the “Increased Cost of
Stock Borrow Amount”) relating to such Increased Cost of Stock Borrow that Issuer may elect to pay
in lieu of such Threshold Price Adjustment. Purchaser shall respond in good faith to good faith
inquiries or disputes from Issuer regarding the Increased Cost of Stock Borrow, Threshold Price
Adjustment, Increased Cost and/or Other Increased Cost of Hedging set forth in an Increased Costs
Notice. Notwithstanding the foregoing, Issuer may, in its reasonable judgment, designate as an
Increased Cost of Stock Borrow or an Other Increased Cost of Hedging, as the case may be, any
amount or portion thereof specified by Purchaser as an Other Increased Cost of Hedging or an
Increased Cost of Stock Borrow in such Increased Costs Notice that Issuer reasonably believes
should more properly have been characterized as an Increased Cost of Stock Borrow or an Other
Increased Cost of Hedging, as the case may be, by providing notice to Purchaser of such designation
by 5:00 PM, New York City time, on the second Business Day immediately following the date of the
relevant Increased Costs Notice (such time on such Business Day, the “Notice Deadline”), in which
case such Other Increased Cost of Hedging or Increased Cost of Stock Borrow shall be considered an
Increased Cost of Stock Borrow or an Other Increased Cost of Hedging, as the case may be, for
purposes of this Agreement.

     (b) By 5:00 PM, New York City time, on the third Business Day immediately following the date
of each Increased Costs Notice, Issuer shall (i) if Issuer so elects pursuant to Section 2(a), pay
the Increased Cost of Stock Borrow Amount in immediately available funds by wire transfer to an
account designated by Purchaser and (ii) either (A) pay the aggregate amount of any Increased Cost
and/or Other Increased Cost of Hedging specified in such Increased Costs Notice (such amount, the
“Other Increased Cost Amount”) in immediately available funds by wire transfer to an account
designated by Purchaser or (B) subject to satisfaction of the conditions set forth in Section 3, in
lieu of paying the Other Increased Cost Amount in cash, deliver shares of NRG Common Stock
(“Delivered Shares”) to Purchaser pursuant to Section 3. For the avoidance of doubt, if Issuer
pays the Increased Cost of Stock Borrow Amount as set forth in this Section 2(b), then the
Threshold Price Adjustment described in such Increased Costs Notice shall not take effect, and if
Issuer does not make such payment by the time required, then such Threshold Price Adjustment shall
be effective on the terms set forth in such Increased Costs Notice. The parties also acknowledge,
for the avoidance of doubt, that the terms of the Notes do not provide for any adjustment to the
Threshold Price in respect of an Increased Cost or an Other Increased Cost of Hedging.

     SECTION 3. Delivery of Shares. If Issuer elects in connection with any Increased Costs
Notice to deliver Delivered Shares in lieu of paying the Other Increased Cost Amount in cash, then
the following provisions apply.

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     (a) Issuer may elect to deliver Delivered Shares in lieu of paying the Other Increased Cost
Amount in cash only if Issuer notifies Purchaser of its irrevocable election to do so by the Notice
Deadline and all Delivered Shares are, at the time of such delivery, covered by an effective
registration statement of the Company for immediate resale by Purchaser (such registration
statement, including the related prospectus, the “Registration Statement”) in form and content
commercially reasonably satisfactory to Purchaser, and:

     (i) Purchaser (or an affiliate of Purchaser designated by Purchaser) shall have been
afforded a reasonable opportunity to conduct a due diligence investigation with respect to
the Company that is customary in scope for underwritten offerings of equity securities and
that yields results that are commercially reasonably satisfactory to Purchaser or such
affiliate, as the case may be, in its discretion; and

     (ii) Purchaser (or an affiliate of Purchaser designated by Purchaser) and the Company
shall have entered into an agreement (a “Registration Agreement”) on commercially
reasonable terms in connection with the public resale of such Delivered Shares by
Purchaser or such affiliate substantially similar to underwriting agreements customary for
underwritten offerings of equity securities, in form and substance commercially reasonably
satisfactory to Purchaser or such affiliate and the Company, which Registration Agreement
shall include, without limitation, provisions substantially similar to those contained in
such underwriting agreements relating to the indemnification of, and contribution in
connection with the liability of, Purchaser and its affiliates and the Company, shall
provide for the payment by the Company of all expenses in connection with such resale,
including all registration costs and all fees and expenses of counsel for Purchaser, and
shall provide for the delivery of customary “disclosure letters” of outside counsel to the
Company with respect to the Registration Statement and customary accountants’ “comfort
letters” to Purchaser or such affiliate with respect to the financial statements and
certain financial information contained in or incorporated by reference into the
Registration Statement. The parties agree that the substantive provisions of the
Registration Agreement shall be substantially similar to those of the Underwriting
Agreement dated as of August 4, 2006 among the Company, the Purchaser and Credit Suisse
Securities (USA) LLC.

     (b) The number of Delivered Shares initially delivered to Purchaser in connection with any
Increased Costs Notice shall equal the applicable Other Increased Cost Amount divided by the net
resale value per share to Purchaser of such Delivered Shares as determined by the Calculation
Agent.

     (c) If Issuer delivers the Delivered Shares in lieu of paying the Other Increased Cost Amount
in cash, then Purchaser or its affiliate may sell (which sale shall be made in a commercially
reasonable manner) such Delivered Shares

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during a period (the “Resale Period”) commencing on the
Business Day following the Notice Deadline and ending on the Business Day on which Purchaser
completes the sale of all such Delivered Shares or a sufficient number of Delivered Shares so that
the realized net proceeds of such sales exceed the Other Increased Cost Amount. If any of such
Delivered Shares remain after such realized net proceeds exceed the Other Increased Cost Amount,
Purchaser shall return such remaining Delivered Shares to Issuer. If the Other Increased Cost
Amount exceeds the realized net proceeds from such resale, Issuer shall transfer to Purchaser by
the open of the regular trading session on the Exchange on the Scheduled Trading Day immediately
following the last day of the Resale Period the amount of such excess (the “Additional Amount”) in
cash or in a number of additional Delivered Shares (“Make-whole Shares”) equal to the Additional
Amount divided by the net resale value per share to Purchaser of such Make-whole Shares as
determined by the Calculation Agent. The Resale Period shall continue to enable the sale of the
Make-whole Shares in the manner contemplated by this Section 3(c). This provision shall be applied
successively until the Additional Amount is equal to zero.

     (d) Notwithstanding the foregoing, Issuer shall not have the right to elect to deliver
Delivered Shares in lieu of paying the Other Increased Cost Amount unless, at the time of such
election, the Company represents in writing to Purchaser that the Company’s Annual Report on Form
10-K most recently filed with the Securities and Exchange Commission (the “Commission”) and all
subsequent reports (collectively, the “Exchange Act Reports”) that have been filed by the Company
with the Commission or sent to stockholders pursuant to the Exchange Act, do not include any untrue
statement of a material fact or omit to state any material fact necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading, and that such
documents, when they were filed with the Commission, conformed in all material respects to the
requirements of the Exchange Act and the rules and regulations of the Commission thereunder.

     (e) If at any time during the Resale Period, (i) the Registration Statement becomes the
subject of a stop order or ceases to be effective, (ii) the prospectus forming part of the
Registration Statement at such time includes an untrue statement of a material fact or omits to
state a material fact necessary in order to make the statements therein, in light of the
circumstances under which they were made, not misleading or (iii) any part of the Registration
Statement, at the time such part became effective, contained an untrue statement of a material fact
or omitted to state a material fact required to be stated therein or necessary to make the
statements therein not misleading, then (A) the Company shall immediately so notify Purchaser and
(B) Issuer shall immediately repurchase from Purchaser all Delivered Shares not yet sold by
Purchaser for an aggregate cash purchase price equal to the Other Increased Cost Amount minus the realized net proceeds
of sales by Purchaser of the Delivered Shares already sold, for settlement on a T+3 basis. The
Company shall be deemed to have represented

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and warranted to Purchaser continuously during any
Resale Period, prior to delivery of a notice of the type described in clause (A) of the immediately
preceding sentence, that none of the conditions set forth in clauses (i), (ii) and (iii) of the
immediately preceding sentence exist.

     SECTION 4. Representations, Warranties and Agreements of the Company and Issuer. Each of the
Company and Issuer represents, warrants and agrees as follows:

     (a) it has the power to execute this Agreement, to deliver this Agreement and to perform its
obligations under this Agreement and has taken all necessary action to authorize such execution,
delivery and performance;

     (b) such execution, delivery and performance do not violate or conflict with any law
applicable to it, any provision of its constitutional documents, any order or judgment of any court
or other agency of government applicable to it or any of its assets or any contractual restriction
binding on or affecting it or any of its assets;

     (c) all governmental and other consents that are required to have been obtained by it with
respect to the execution and delivery of and the performance of its obligations under this
Agreement have been obtained and are in full force and effect and all conditions of any such
consents have been complied with;

     (d) its obligations under this Agreement constitute its legal, valid and binding obligations,
enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency
and similar laws affecting creditors’ rights generally and to general equitable principles;

     (e) no Event of Default has occurred and is continuing and no such event or circumstance would
reasonably be expected to occur as a result of its entering into or performing its obligations
under this Agreement;

     (f) there is not pending or, to its knowledge, threatened against it or any of its affiliates
any action, suit or proceeding at law or in equity or before any court, tribunal, governmental
body, agency or official or any arbitrator that is likely to affect the legality, validity or
enforceability against it of this Agreement or its ability to perform its obligations under this
Agreement;

     (g) it is acting for its own account, and has made its own independent decision to enter into
this Agreement and as to whether this Agreement is appropriate or proper for it based upon its own
judgment and upon advice of such advisors as it deems necessary; it acknowledges and agrees that it
is not relying, and has not relied, upon any communication (written or oral) of Purchaser or any
Affiliate of Purchaser with respect to the legal, accounting, tax or other implications of
this Agreement and that it has conducted its own analyses of the legal, accounting, tax and other
implications hereof (it being understood that

5

 

information and explanations related to the terms and conditions of this Agreement shall not be considered investment advice or a recommendation to enter
into this Agreement); it further acknowledges and confirms that it has taken independent tax advice
with respect to this Agreement;

     (h) it is entering into this Agreement with a full understanding of all of the terms and risks
hereof (economic and otherwise) and is capable of evaluating and understanding (on its own behalf
or through independent professional advice), and understands and accepts, the terms, conditions and
risks; it is also capable of assuming (financially and otherwise), and assumes, those risks;

     (i) it acknowledges that neither Purchaser nor any Affiliate of Purchaser is acting as a
fiduciary for or an advisor to the Company in respect of this Agreement;

     (j) it is not entering into this Agreement to create actual or apparent trading activity in
the NRG Common Stock (or any security convertible into or exchangeable for NRG Common Stock) or to
manipulate the price of the NRG Common Stock (or any security convertible into or exchangeable for
NRG Common Stock) or otherwise in violation of the Exchange Act;

     (k) without limiting the generality of Section 4(b), this Agreement will not violate Rule
13e-1 or Rule 13e-4 under the Exchange Act;

     (l) it is not, and after giving effect to the transactions contemplated hereby will not be,
required to register as an “investment company” as such term is defined in the Investment Company
Act of 1940, as amended; and

     (m) each of the Company and Issuer is, and shall be as of the date of any payment or delivery
by Issuer hereunder, solvent and able to pay its debts as they come due, with assets having a fair
value greater than liabilities and with capital sufficient to carry on the businesses in which it
engages.

     SECTION 5. Note Purchase Agreement. Except as otherwise specified in this Agreement, the
Note Purchase Agreement shall remain in full force and effect.

     SECTION 6. Effectiveness. This Agreement shall become effective upon execution hereof by the
parties hereto and execution of the Note Purchase Amendment Agreement among Issuer, Purchaser and
Agent of even date herewith by the parties thereto.

6

 

     IN WITNESS WHEREOF, this Agreement has been executed as of the date first written above.

	 	 	 	 	 
	 	ISSUER:

NRG COMMON STOCK FINANCE II LLC

 	 
	 	By:  	/s/ Christopher Sotos
 	 
	 	Name: 	Christopher Sotos	 
	 	Title: 	Vice President and Treasurer 	 
	 
	 	COMPANY:

NRG ENERGY, INC.

 	 
	 	By:  	/s/ Christopher Sotos
 	 
	 	Name: 	Christopher Sotos 	 
	 	Title: 	Vice President and Treasurer 	 
	 
	 	PURCHASER:

CREDIT SUISSE INTERNATIONAL

 	 
	 	By:  	/s/ Tobias Schraven
 	 
	 	Name: 	Tobias Schraven 	 
	 	Title: 	Director 	 
	 
	 	 	 
	 	By:  	                                                /s/ Steve Winnert
 	 
	 	Name: 	Steve Winnert 	 
	 	Title: 	Managing Director 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	AGENT:

CREDIT SUISSE SECURITIES (USA) LLC

 	 
	 	By:  	/s/ Barry Dixon
 	 
	 	Name: 	Barry Dixon 	 
	 	Title: 	Vice PresidentEX-10.31

Exxibit 10.31

PREFERRED INTEREST AMENDMENT AGREEMENT

     This Preferred Interest Amendment Agreement (this “Amendment”) is made as of this 19th day of
December, 2008 among NRG Common Stock Finance I LLC, a Delaware limited liability company
(“Issuer”), Credit Suisse Capital LLC (together with its successor and assigns, “Purchaser”) and
Credit Suisse Securities (USA) LLC (“Agent”), solely in its capacity as agent for Purchaser and
Issuer (Issuer, Purchaser and Agent, collectively, the “Parties”).

W I T N E S S E T H

     WHEREAS, the Parties have heretofore entered into a Preferred Interest Purchase Agreement
dated August 4, 2006 (the “Preferred Interest Purchase Agreement”), whereby Issuer issued to
Purchaser Issuer’s Series 1 Limited Liability Company Preferred Interests (the “Preferred
Interests”) on the terms and conditions set forth therein;

     WHEREAS, the Parties have heretofore entered into an Amendment Agreement dated as of February
27, 2008 relating to the Preferred Interest Purchase Agreement (the “First Amendment Agreement”)
and a Preferred Interest Amendment Agreement dated as of August 8, 2008 relating to the Preferred
Interest Purchase Agreement (the “Second Amendment Agreement”) (and, for the avoidance of doubt,
references to the Preferred Interest Purchase Agreement herein shall mean the Preferred Interest
Purchase Agreement as modified or amended by such First Amendment Agreement and such Second
Amendment Agreement);

     WHEREAS, the Preferred Interests originally had the terms and provisions contained in a
Certificate of Designations dated as of August 4, 2006 (the “Certificate of Designations”);

     WHEREAS, the terms and provisions of the Preferred Interests have heretofore been modified or
amended in a First Certificate of Amendment relating to the Certificate of Designations executed on
the Effective Date as defined in the First Amendment Agreement (the “First Certificate of
Amendment”) and a Second Certificate of Amendment relating to the Certificate of Designations
executed on the Effective Date as defined in the Second Amendment Agreement (the “Second
Certificate of Amendment”) (and, for the avoidance of doubt, references to the Certificate of
Designations herein shall mean the Certificate of Designations as modified or amended by such First
Certificate of Amendment and such Second Certificate of Amendment);

     WHEREAS, the Parties hereto desire to further amend the terms and provisions of the Preferred
Interests as set forth herein;

 

 

     NOW, THEREFORE, in consideration of their mutual covenants herein contained, the parties
hereto, intending to be legally bound, hereby mutually covenant and agree as follows:

     SECTION 1 . Defined Terms; References. Unless otherwise specifically defined herein, each
capitalized term used herein and not otherwise defined herein has the meaning assigned to such term
in the Preferred Interest Purchase Agreement. Each reference to “hereof”, “hereunder”, “herein”
and “hereby” and each other similar reference and each reference to “this Preferred Interest
Purchase Agreement” and each other similar reference contained in the Preferred Interest Purchase
Agreement shall, after this Amendment becomes effective, refer to the Preferred Interest Purchase
Agreement as amended hereby.

     SECTION 2 . Amendments. The Preferred Interests are hereby amended as set forth in Exhibit B
hereto, with such amendments taking effect as of the date hereof and subject to the further
conditions that (1) as of such date Purchaser shall have received an opinion (in form and substance
satisfactory to Purchaser and its counsel), dated as of the date hereof, of Kirkland & Ellis LLP,
counsel for Issuer, substantially in the form attached hereto as Exhibit A and (2) the Agreement
with respect to the Preferred Interest Purchase Agreement among Issuer, Purchaser, Agent and the
Company of even date herewith has been executed by the parties thereto. The Issuer shall execute
on the date hereof an amendment to the Certificate of Designations substantially in the form of
Exhibit B hereto.

     SECTION 3 . Representations, Warranties and Agreements.

     (a) Issuer and Purchaser each represents and warrants to the other that its representations
and warranties contained in Sections 4 and 5, respectively, of the Preferred Interest Purchase
Agreement are true and correct on the date hereof as if made on the date hereof.

     (b) Issuer represents and warrants to and for the benefit of, and agrees with, Purchaser as
follows:

     (i) it has the power to execute this Amendment, to deliver this Amendment and to
perform its obligations under this Amendment and has taken all necessary action to
authorize such execution, delivery and performance;

     (ii) such execution, delivery and performance do not violate or conflict with any law
applicable to it, any provision of its constitutional documents, any order or judgment of
any court or other agency of government applicable to it or any of its assets or any
contractual restriction binding on or affecting it or any of its assets;

     (iii) all governmental and other consents that are required to have been obtained by
it with respect to the execution and delivery of and

2

 

the performance of its obligations under this Amendment have been obtained and are in
full force and effect and all conditions of any such consents have been complied with;

     (iv) its obligations under this Amendment constitute its legal, valid and binding
obligations, enforceable in accordance with their respective terms, subject to applicable
bankruptcy, insolvency and similar laws affecting creditors’ rights generally and to
general equitable principles;

     (v) no Early Redemption Event with respect to it has occurred and is continuing and
no such event or circumstance would reasonably be expected to occur as a result of its
entering into or performing its obligations under this Amendment;

     (vi) there is not pending or, to its knowledge, threatened against it or any of its
affiliates any action, suit or proceeding at law or in equity or before any court,
tribunal, governmental body, agency or official or any arbitrator that is likely to affect
the legality, validity or enforceability against it of this Amendment or its ability to
perform its obligations under this Amendment;

     (vii) it is acting for its own account, and has made its own independent decision to
enter into this Amendment and as to whether this Amendment is appropriate or proper for it
based upon its own judgment and upon advice of such advisors as it deems necessary; Issuer
acknowledges and agrees that it is not relying, and has not relied, upon any communication
(written or oral) of Purchaser or any Affiliate of Purchaser with respect to the legal,
accounting, tax or other implications of this Amendment and that it has conducted its own
analyses of the legal, accounting, tax and other implications hereof (it being understood
that information and explanations related to the terms and conditions of this Amendment
shall not be considered investment advice or a recommendation to enter into this
Amendment); it further acknowledges and confirms that it has taken independent tax advice
with respect to this Amendment;

     (viii) it is entering into this Amendment with a full understanding of all of the
terms and risks hereof (economic and otherwise) and is capable of evaluating and
understanding (on its own behalf or through independent professional advice), and
understands and accepts, the terms, conditions and risks; it is also capable of assuming
(financially and otherwise), and assumes, those risks;

     (ix) it acknowledges that neither Purchaser nor any Affiliate of Purchaser is acting
as a fiduciary for or an advisor to Issuer in respect of this Amendment;

3

 

     (x) it is not entering into this Amendment to create actual or apparent trading
activity in the NRG Common Stock (or any security convertible into or exchangeable for NRG
Common Stock) or to manipulate the price of the NRG Common Stock (or any security
convertible into or exchangeable for NRG Common Stock) or otherwise in violation of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”);

     (xi) without limiting the generality of Section 3(b)(ii), this Amendment will not
violate Rule 13e-1 or Rule 13e-4 under the Exchange Act; and

     (xii) it is not, and after giving effect to the transactions contemplated hereby will
not be, required to register as an “investment company” as such term is defined in the
Investment Company Act of 1940, as amended.

     (c) Purchaser represents and warrants to and for the benefit of, and agrees with, Issuer as
follows:

     (i) it has the power to execute this Amendment, to deliver this Amendment and to
perform its obligations under this Amendment and has taken all necessary action to
authorize such execution, delivery and performance;

     (ii) such execution, delivery and performance do not violate or conflict with any law
applicable to it, any provision of its constitutional documents, any order or judgment of
any court or other agency of government applicable to it or any of its assets or any
contractual restriction binding on or affecting it or any of its assets;

     (iii) all governmental and other consents that are required to have been obtained by
it with respect to this Amendment have been obtained and are in full force and effect and
all conditions of any such consents have been complied with; and

     (iv) its obligations under this Amendment constitute its legal, valid and binding
obligations, enforceable in accordance with their respective terms, subject to applicable
bankruptcy, insolvency and similar laws affecting creditors’ rights generally and to
general equitable principles.

     SECTION 4 . Counterparts. This Amendment may be signed in counterparts, each of which shall
be an original and all of which together shall constitute one and the same instrument.

4

 

     SECTION 5 . Governing Law; Jurisdiction. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS
PROVISIONS THEREOF.

     SECTION 6 . Preferred Interest Purchase Agreement. Except as otherwise specified in
this Amendment, the Preferred Interest Purchase Agreement shall remain in full force and effect.

5

 

     IN WITNESS WHEREOF, this Amendment has been executed as of the date first written above.

	 	 	 	 	 	 	 
	 	 	ISSUER:	 	 
	 
	 	 	 	 	 	 
	 	 	NRG COMMON STOCK FINANCE I LLC	 	 
	 
	 

	 	By:

Name:
	 	/s/ Christopher Sotos
 

Christopher Sotos
	 	 
	 

	 	Title:
	 	Vice President and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	PURCHASER:	 	 
	 
	 	 	 	 	 	 
	 	 	CREDIT SUISSE CAPITAL LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Barry Dixon
 

Barry Dixon
	 	 
	 

	 	Title:
	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Shui Wong
 

Shui Wong
	 	 
	 

	 	Title:
	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	AGENT:	 	 
	 
	 	 	 	 	 	 
	 	 	CREDIT SUISSE SECURITIES (USA) LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Barry Dixon
 

Barry Dixon
	 	 
	 

	 	Title:
	 	Authorized Signatory	 	 

 

 

Exhibit A

Form of Opinion

A-1

 

Exhibit B

NRG COMMON STOCK FINANCE I LLC

THIRD CERTIFICATE OF AMENDMENT

to

CERTIFICATE OF DESIGNATIONS

establishing the

Voting Powers, Designations, Preferences, Limitations,

Restrictions, and Relative Rights of

Series 1 Limited Liability Company Preferred Interests

 

Pursuant to Section 18-215 of the

Limited Liability Company Act of the State of Delaware

 

 

 

     NRG COMMON STOCK FINANCE I LLC, a limited liability company organized and existing under the
Limited Liability Company Act of the State of Delaware (“Issuer”), does hereby certify as follows:

     1. That the Certificate of Designations establishing the voting powers, designations,
preferences, limitations, restrictions, and relative rights of the Series 1 Limited Liability
Company Preferred Interests, as amended by the Third Certificate of Amendment (as defined below)
(as so amended, the “Certificate of Designations”), shall be further amended as follows:

     (a) Section 4.5 of the Certificate of Designations shall be deleted in its entirety and
replaced with the following new Section 4.5:

     Increased Cost of Stock Borrow.  The Calculation Agent may increase the Accretion Rate for any
Preferred Interest to account for any period in which it reasonably determines that an Increased
Cost of Stock Borrow exists in respect of such Preferred Interest.

     (b) Section 10.29 of the Certificate of Designations shall be amended by deleting the phrase
“or an Increased Cost of Hedging” in item (i) of the definition of “Extraordinary Event” and
replacing it with “or an Increased Cost of Stock Borrow.”

     (c) Section 10 of the Certificate of Designations shall be amended by the addition of Section
10.38(A) as follows:

     “Increased Cost of Stock Borrow” means, in respect of any Preferred Interest, an Increased
Cost of Hedging (or portion thereof) resulting from the rate that the Holder of such Preferred
Interest or its affiliate would incur to borrow NRG Common Stock.

     (d) Section 10 of the Certificate of Designations shall be amended by the addition of Section
10.60(A) as follows:

     “Other Increased Cost of Hedging” means any Increased Cost of Hedging (or portion thereof)
that is not an Increased Cost of Stock Borrow.

     (e) Section 10 of the Certificate of Designations shall be amended by the addition of Section
10.79(A) as follows:

     “Third Certificate of Amendment” means the NRG Common Stock Finance I LLC Third Certificate of
Amendment to Certificate of Designations establishing the Voting Powers, Designations, Preferences,
Limitations, Restrictions and Relative Rights of Series 1 Limited Liability Company Preferred
Interests executed as of December 19, 2008.

B-1

 

     “Third Note Purchase Amendment Agreement” means the Note Purchase Amendment Agreement dated as
of December 19, 2008 among Issuer, Credit Suisse International and Credit Suisse Securities (USA)
LLC, as agent.

     “Third Preferred Interest Amendment Agreement” means the Preferred Interest Amendment
Agreement dated as of December 19, 2008 among Issuer, Credit Suisse Capital LLC and Credit Suisse
Securities (USA) LLC, as agent.

     (f) Section 10.82(B) of the Certificate of Designations shall be deleted in its entirety
replaced with the following new Section 10.82(B):

     “Transaction Amendment Documents” means (i) the Preferred Interest Amendment Agreement, (ii)
the Note Purchase Amendment Agreement, (iii) the First Certificate of Amendment, (iv) Underwriting
Agreement No. 2, (v) the Amendment Fee Agreement, (vi) the Second Preferred Interest Amendment
Agreement, (vii) the Second Note Purchase Amendment Agreement, (viii) the Second Certificate of
Amendment, (ix) the Third Preferred Interest Amendment Agreement, (x) the Third Note Purchase
Amendment Agreement and (xi) the Third Certificate of Amendment.

     (g) Section 10.83 of the Certificate of Designations shall be amended by deleting “and” in
subclause (xiii) thereof and deleting the phrase “as each document or agreement in subclauses (i)
through (xiv) of this Section 10.83 may be amended from time to time” in the last line thereof
after the word “Agreement” and adding the phrase “; and (xv) the Agreement with respect to the
Preferred Interest Purchase Agreement dated as of December 19, 2008 among Issuer, Credit Suisse
Capital LLC as Purchaser, Credit Suisse Securities (USA) LLC as Agent and the Company, as each
document or agreement in subclauses (i) through (xv) of this Section 10.83 may be amended from time
to time” in the last line thereof after the word “Agreement.”

     2. Except as otherwise specified in this Third Certificate of Amendment to the Certificate of
Designations, the Certificate of Designations shall remain in full force and effect.

B-2

 

     IN WITNESS WHEREOF, NRG Common Stock Finance I LLC caused this Third Certificate of Amendment
of the Certificate of Designation to be signed this day of December, 2008.

	 	 	 	 	 
	 	NRG COMMON STOCK FINANCE I LLC

 	 
	 	By:  	 	 
	 	 	Name:  	Christopher Sotos 	 
	 	 	Title:  	Vice President and Treasurer

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