Document:

Amendment No. 1 to the Fifth Amended and Restated Credit Agreement

 Exhibit 10.1 
 EXECUTION COPY 
 AMENDMENT NO. 1 
 AMENDMENT NO. 1 dated as of May 24, 2007 to the Credit Agreement referred to below, among DYNEGY HOLDINGS INC. (the
“Borrower”), DYNEGY INC., a Delaware corporation, DYNEGY ILLINOIS INC., an Illinois corporation, the other Guarantors party to such Credit Agreement, the Lenders party to such Credit Agreement, CITICORP USA, INC. and JPMORGAN
CHASE BANK, N.A., as Administrative Agents, CITICORP USA, INC., as Payment Agent, JPMORGAN CHASE BANK, N.A., as Collateral Agent, and each L/C ISSUER party thereto. 
 PRELIMINARY STATEMENTS 
 1. The Borrower, the Guarantors party thereto, the Lenders, the
Administrative Agents and the Collateral Agent are parties to a Fifth Amended and Restated Credit Agreement dated as of April 2, 2007 (as in effect immediately prior to the Amendment No. 1 Closing Date (as defined below), the
“Credit Agreement”). 
 2. The Borrower has requested that the Lenders agree to certain amendments to the Credit Agreement
in connection with the refinancing of certain outstanding indebtedness of Gen Finance (as defined below), including an increase of the amount of the Revolving Credit Facility and the addition of a new term letter of credit facility. 
 In consideration of the mutual covenants and agreements herein contained, the parties hereto hereby agree as follows: 
 Section 1. Defined Terms. Except as otherwise defined in this Amendment No. 1, terms defined in the Credit Agreement as amended
hereby and used herein shall have the meanings given to them in the Credit Agreement as amended. 
 Section 2. Amendments to Credit
Agreement. Subject to the satisfaction of the conditions set forth in Section 4 of this Amendment No. 1, but effective as of the Amendment No. 1 Closing Date (as defined in Section 4 below), the Credit Agreement is
hereby amended as follows: 
 2.01. Definitions. 
 A. Section 1.01 of the Credit Agreement shall be amended by inserting the following definitions (to the extent not already included in said Section 1.01) in the appropriate alphabetical locations and
amending in their entirety the following definitions (to the extent already included in said Section 1.01) as follows: 
 “2007 Senior Unsecured Notes” means (a) the $550,000,000 7.5% senior unsecured notes due 2015 issued by the Borrower under that certain Third Supplemental Indenture, dated as of May 24, 2007 (the
“Third Supplemental Indenture”), to the 1996 Indenture (including the 7.50% Initial Securities (as defined in the Third Supplemental Indenture) and any 7.50% Private Exchange Securities and 7.50% Exchange Securities
(each as so defined) exchanged for such 7.50% Initial Securities in accordance with the Third Supplemental Indenture) and (b) the $1,100,000,000 7.75% senior unsecured notes due 2019 issued by the Borrower under that certain Fourth
Supplemental Indenture, dated as of May 24, 2007 (the “Fourth Supplemental Indenture”), to the 1996 Indenture (including the 7.75% Initial Securities (as defined in the 

  

 Amendment No. 1 

 
Fourth Supplemental Indenture) and any 7.75% Private Exchange Securities and 7.75% Exchange Securities (each as so defined) exchanged for such
7.75% Initial Securities in accordance with the Fourth Supplemental Indenture). 
 “Amendment
No. 1” means Amendment No. 1 dated as of May 24, 2007 to this Agreement. 
 “Amendment No. 1 Closing Date” means the date on which Amendment No. 1 shall become effective. 
 “Amendment No. 1 Lender Addendum” means an Amendment No. 1 Lender Addendum, substantially in the form of Exhibit A to Amendment No. 1, to be executed by any
Lender or other Person that shall become a Lender as of the Amendment No. 1 Closing Date as provided in Section 5 of Amendment No. 1. 
 “Collateral Documents” means, collectively, the Security Agreement, the Collateral Trust Agreement, the Mortgages,
the Mortgage Supplements, each of the mortgages, collateral assignments, Security Agreement Supplements, security agreements, pledge agreements, guaranties or other similar agreements delivered to any of the Agents and the Lenders pursuant to
Section 6.12, Section 6.13 or Section 9.01(d), each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Collateral Trustees or the Collateral Agent, for the benefit
of the applicable Secured Parties and (other than for purposes of the Collateral Trust Agreement and the Security Agreement) the Gen Finance Collateral Documents and the Gen Finance Guaranty. 
 “CS/Gen Finance Hedge Agreement” means that certain ISDA Master Agreement dated February 9, 2006 between Gen
Finance and Credit Suisse International, as amended and novated, and included each “Confirmation” and “Transaction” under and as defined thereunder. 
 “Existing Gen Finance Letters of Credit” means (a) the letters of credit issued by Credit Suisse and listed
on Part A(i) and Part A(ii) of Schedule 2.03(m)(iii) to Amendment No. 1 and (b) the letters of credit issued by Barclays Bank PLC and listed on Part B of Schedule 2.03(m)(iii) to
Amendment No. 1, in each case of the Amendment No. 1 Closing Date. 
 “Existing Gen Finance Swap
Contracts” means the J. Aron/Gen Finance Agreement, the CS/Gen Finance Hedge Agreement and MS/Gen Finance Hedge Agreement. 
 “Gen Finance” means Dynegy Gen Finance Co, LLC (formerly known as LSP Gen Finance Co, LLC), a Delaware limited liability company. 
 “Gen Finance Collateral” means the assets of Gen Finance and its Subsidiaries securing (a) both before and
after the consummation of the Gen Finance Refinancing, the Existing Gen Finance Swap Contracts, (b) immediately prior to the consummation of the Gen Finance Refinancing, the Gen Finance Credit Facilities and (c) upon the consummation of
the Gen Financing Refinancing and compliance with the applicable requirements of Section 6.17, the Obligations hereunder to the extent required to be secured by such assets, and with the relative priority, pursuant to
Section 6.17. 
 “Gen Finance Collateral Documents” means all security agreements, pledge
agreements, mortgages, deeds of trust, collateral agency and intercreditor agreements, and other 

  

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agreements, and any amendments thereto, executed and delivered in connection with the Gen Finance Credit Facilities and the transactions contemplated by the
Gen Finance Refinancing. 
 “Gen Finance Credit Facilities” means the Gen Finance First Lien Facility,
the Gen Finance First Lien L/C Facility, the Gen Finance Second Lien Facility, the Gen Finance Special L/C Facility and the Gen Finance W/C Facility. 
 “Gen Finance First Lien Facility” means the First Lien Credit Agreement dated as of May 4, 2006, among Gen Finance, as borrower, the guarantors named therein, the initial lenders,
initial issuing bank and initial swing line bank named therein, Credit Suisse, as administrative agent and first lien collateral agent, Credit Suisse Securities (USA) LLC, as syndication agent, Credit Suisse as documentation agent, and Credit Suisse
Securities (USA) LLC, Goldman Sachs Credit Partners L.P., Morgan Stanley & Co. Incorporated, the lenders party thereto and WestLB AG, New York Branch, as joint lead arrangers, as amended. 
 “Gen Finance First Lien L/C Facility” means the $150,000,000 First Lien Letter of Credit Facility Agreement dated
as of August 3, 2006, among Gen Finance, as borrower, the guarantors named therein, Barclays Capital as joint lead arranger and joint book runner, Barclays Bank PLC as initial l/c issuing bank and administrative agent, ING Capital LLC, as
joint lead arranger, joint book runner and syndication agent, the lenders party thereto and Credit Suisse as first lien collateral agent, as amended. 
 “Gen Finance Guaranty” means the guaranty of Gen Finance and certain Affiliates of Gen Finance entered into in connection with the Gen Financing Refinancing pursuant to Section 4(h) of
Amendment No. 1. 
 “Gen Finance Operating Companies” means Gen Finance and each of its
Subsidiaries and Affiliates listed on Part A of Schedule 1 to Amendment No. 1. 
 “Gen Finance
Refinancing” means the repayment of all amounts outstanding under the Gen Finance Credit Facilities and the termination of the commitments of the lenders thereunder. 
 “Gen Finance Second Lien Facility” means the Second Lien Credit Agreement dated as of May 4, 2006, among
Gen Finance, as borrower, the guarantors named therein, the initial lenders, Credit Suisse, as administrative agent and second lien collateral agent, Credit Suisse Securities (USA) LLC, as syndication agent, Credit Suisse as documentation agent, and
Credit Suisse Securities (USA) LLC, Goldman Sachs Credit Partners L.P., Morgan Stanley & Co. Incorporated, the lenders party thereto and WestLB AG, New York Branch, as joint lead arrangers, as amended. 
 “Gen Finance Special L/C Facility” means the $500,000,000 Special Letter of Credit Facility Agreement dated as of
May 4, 2006, among Gen Finance, as borrower, the guarantors named therein, Credit Suisse as initial special l/c issuing bank, administrative agent, first lien collateral agent and initial lender, Goldman Sachs Credit Partners L.P., as
initial lender, Credit Suisse Securities (USA) LLC, as syndication agent, Credit Suisse as documentation agent, and Credit Suisse Securities (USA) LLC and Goldman Sachs Credit Partners L.P., as joint lead arrangers, as amended. 
 “Gen Finance W/C Facility” means the First Lien Credit Agreement dated as of May 4, 2006, among Gen
Finance, as borrower, the guarantors named therein, the initial lenders, initial issuing bank and initial swing line bank named therein, Credit Suisse, as administrative 

  

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agent and first lien collateral agent, Credit Suisse Securities (USA) LLC, as syndication agent, Credit Suisse as documentation agent, and Credit Suisse
Securities (USA) LLC, Goldman Sachs Credit Partners L.P., Morgan Stanley & Co. Incorporated, the lenders party thereto and WestLB AG, New York Branch, as joint lead arrangers, as amended. 
 “J. Aron/Gen Finance Agreement” means the Operative Agreement dated as of August 1, 2006 by and among Gen
Finance, Dynegy Moss Landing, LLC (f/k/a LSP Moss Landing, LLC) and J. Aron & Company, as amended. For sake of clarity, notwithstanding anything to the contrary in this Agreement, the J. Aron/Gen Finance Agreement shall be deemed a Swap
Contract and not Indebtedness for all purposes hereof. 
 “Kendall” means Dynegy Kendall Energy, LLC
(formerly known as LSP Kendall Energy, LLC), a Delaware limited liability company. 
 “Kendall Operating
Companies” means Kendall and each of its Subsidiaries and Affiliates listed on Part B of Schedule 1 to Amendment No. 1. 
 “Kendall Refinancing” means the repayment of all amounts outstanding under the Kendall Credit Facility and the termination of the commitments of the lenders thereunder. 
 “Kendall Credit Facility” means the $432,000,000 Credit Agreement dated as of October 7, 2005 among
Kendall, as borrower, Credit Suisse as administrative agent and collateral agent and the lenders party thereto, as amended. 
 “Loan Parties” means, collectively, the Borrower, each Guarantor and each other Restricted Subsidiary party to a Loan Document. 
 “MS/Gen Finance Hedge Agreement” means the collective reference to the three ISDA Master Agreements dated
January 27, 2006 between Gen Finance and Morgan Stanley Capital Group Inc., each as amended and novated, and included each “Confirmation” and “Transaction” under and as defined thereunder. 
 “Ontelaunee” means Ontelaunee Power Operating Company, LLC, a Delaware limited liability company. 
 “Ontelaunee Credit Facilities” means the Ontelaunee First Lien Credit Agreement and the Ontelaunee Second Lien
Credit Agreement. 
 “Ontelaunee First Lien Credit Agreement” means the $100,000,000 amended and
restated First Lien Credit Agreement dated as of May 5, 2006 among Ontelaunee, as borrower, GSO Capital Partners, LP as bookrunner, lead arranger, administrative agent, collateral agent and syndication and the lenders party thereto, as
amended. 
 “Ontelaunee Operating Companies” means Ontelaunee and each of its Subsidiaries listed on
Part C of Schedule 1 to Amendment No. 1. 
 “Ontelaunee Refinancing” means the
repayment of all amounts outstanding under the Ontelaunee Credit Facilities and the termination of the commitments of the lenders thereunder. 
 “Ontelaunee Second Lien Credit Agreement” means the $50,000,000 amended and restated Second Lien Credit Agreement dated as of May 5, 2006 among Ontelaunee, as borrower, 

  

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GSO Capital Partners, LP as bookrunner, lead arranger, administrative agent, collateral agent and syndication and the lenders party thereto, as amended.

 “Required Term L/C Collateral Account Balance” means, at any time, with respect to any Term L/C
Facility, an amount equal to the Term L/C Issuer Commitments as then in effect under such Term L/C Facility; provided that if at any time the Outstanding Amount of the Term L/C Facility Obligations under such Term L/C Facility exceeds (or
would exceed, after the proposed issuance of any Term L/C Facility Letter of Credit under such Term L/C Facility) the Maximum Percentage of such Term L/C Issuer Commitments as then in effect, “Required Term L/C Collateral Account
Balance” shall at such time and at all times thereafter mean an amount equal to 103% of such Term L/C Issuer Commitments as in effect from time to time. 
 “Revolving Credit Commitment” means, as to each Revolving Credit Lender, its obligation to (a) make Revolving
Credit Loans to the Borrower pursuant to Section 2.01(a) and (b) purchase participations in Revolving L/C Obligations, in an aggregate principal or face amount at any one time outstanding not to exceed the amount set forth opposite
such Lender’s name on Schedule 2.01 (as amended by Amendment No. 1) under the caption “Revolving Credit Commitment” or in the Assignment and Assumption or a Joinder Agreement entered into under
Section 2.13 pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of the Revolving Credit Commitments is
$1,150,000,000 as of the Amendment No. 1 Closing Date. 
 “Revolving L/C Issuer” means
Citibank, JPMCB, ABN AMRO Bank NV, Credit Suisse and Barclays Bank PLC, each in its capacity as issuer of Revolving Letters of Credit hereunder, any successor issuer (under Section 2.03(a)(iv) or otherwise) of Revolving Letters of Credit
hereunder, or any other Revolving Credit Lender that agrees, upon the request of the Borrower and with the consent of the Administrative Agents, to become a Revolving L/C Issuer and to issue Revolving Letters of Credit hereunder on the terms and
conditions set forth herein. As used herein with respect to any Revolving Letter of Credit, the term “Revolving L/C Issuer” shall refer to the Revolving L/C Issuer of such Revolving Letter of Credit. 
 “Secured Parties” means, in respect of any Collateral covered by the Collateral Documents, the applicable agents,
lenders, holders, purchasers or other Persons for the benefit of which the Liens thereunder shall be created (or purported to be created). 
 “Term Facility” means a Term L/C Facility or the Tranche B Term Facility. 
 “Term L/C Collateral Account” means one or more Cash Collateral Accounts or securities accounts established pursuant to, and subject to the terms of, Section 2.03(k), and references herein to “the
Term L/C Collateral Account” shall be deemed to refer to each such account or the applicable such account, as the context requires. 
 “Term L/C Collateral Account Balance” means, at any time, with respect to the Term L/C Collateral Account in respect of any Term L/C Facility, the aggregate amount on deposit in such Term L/C
Collateral Account. 
 “Term L/C Facility” means, at any time, (a) the aggregate Term L/C
Facility Term Loans made as of the Closing Date or the related letter of credit facility hereunder pursuant to which Term L/C Facility Letters of Credit shall be issued, as applicable) and (b) the aggregate Term L/C Facility Term Loans made or
to be made as of the Amendment No. 1 Closing Date or the related 

  

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letter of credit facility hereunder pursuant to which Term L/C Facility Letters shall be issued, as applicable. As of the Amendment No. 1 Closing Date
there shall be a single Term L/C Facility hereunder. 
 “Term L/C Facility Commitment” means
(a) as to each Term L/C Facility Lender party hereto as of the Closing Date, its obligation to make a Term L/C Facility Term Loan in a principal amount equal to the amount set forth opposite such Lender’s name on Schedule 2.01 (as
in effect on the Closing Date) under the caption “Term L/C Facility Commitment” and (b) to each Term L/C Facility Lender party hereto as of the Amendment No. 1 Closing Date, its obligation to make a Term L/C Facility Term Loan in
a principal amount equal to the amount set forth in the Amendment No. 1 Lender Addendum of such Term L/C Facility Lender , as such amount may be adjusted from time to time in accordance with this Agreement. 
 “Term L/C Facility Letter of Credit” means (a) any Existing Term L/C Facility Letter of Credit as of the
Closing Date, (b) the Existing Gen Finance Letters of Credit and (c) any other letter of credit issued under any Term L/C Facility thereunder. A Term L/C Facility Letter of Credit may be a commercial letter of credit or a standby letter of
credit. 
 “Term L/C Facility Obligations” means, as at any date of determination, with respect to any
Term L/C Facility, the aggregate undrawn amount of all outstanding Term L/C Facility Letters of Credit plus the aggregate of all Term L/C Facility Unreimbursed Amounts in respect of such Term L/C Facility. 
 “Term L/C Issuer” means, at any time, (a) Citibank and JPMCB, each in its capacity as issuer of Term L/C
Facility Letters of Credit hereunder, any successor issuer (under Section 2.03(a)(iv) or otherwise) of Term L/C Facility Letters of Credit hereunder, (b) Credit Suisse or (c) in the case of any Term L/C Facility, any other
Lender that agrees, upon the request of the Borrower, to become a Term L/C Issuer and to issue Term L/C Facility Letters of Credit in respect of such Term L/C Facility on the terms and conditions set forth herein. As used herein with respect to any
Term L/C Facility Letter of Credit, the term “Term L/C Issuer” shall refer to the Term L/C Issuer of such Term L/C Facility Letter of Credit. 
 “Term L/C Issuer Commitment” means, as to each Term L/C Issuer with respect to any Term L/C Facility, its obligation to issue Term L/C Facility Letters of Credit under such Term L/C Facility,
in an aggregate face amount at any one time outstanding not to exceed its Term L/C Issuer Sublimit therefor, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of the Term L/C Issuer Commitments
is $850,000,000 as of the Amendment No. 1 Closing Date. 
 “Term L/C Issuer Sublimit” means,
as to any Term L/C Issuer with respect to any Term L/C Facility, the amount agreed in writing by such Term L/C Issuer and the Borrower from time to time. 
 “Term Loan Maturity Date” means (a) with respect to any Term L/C Facility Term Loan or any Term L/C Facility, the Term L/C Facility Term Loan Maturity Date and (b) with respect to any
Tranche B Term Loan or the Tranche B Term Facility, the Tranche B Term Loan Maturity Date. 
  

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 B. The definition of “Permitted Refinancing Indebtedness” in Section 1.01 of
the Credit Agreement shall be amended by amending and restating the proviso set forth in the last sentence of such definition in its entirety to read as follows: 
 “; provided that if such Permitted Refinancing Indebtedness is incurred more than 30 days after such discharge, the pro forma Leverage Ratio, after giving effect to the incurrence of such Permitted
Refinancing Indebtedness (as if such Permitted Refinancing Indebtedness had been incurred on the first day of the applicable Measurement Period), shall not exceed (A) 7.5 to 1.0 at any time from the Amendment No. 1 Closing Date
through September 30, 2007, (B) 6.5 to 1.0 at any time from October 1, 2007 through December 31, 2007, (C) 6.0 to 1.0 at any time during fiscal year 2008 and (D) thereafter, 5.0 to 1.0.” 

C. The definition of “Subsidiary” in Section 1.01 of the Credit Agreement shall be amended by inserting a new sentence at
the end thereof to read as follows: 
 “Effective as of the Closing Date, for avoidance of doubt, neither of Moss Landing Mutual Water
Company nor Morro Bay Mutual Water Company shall be a Subsidiary, unless it shall thereafter qualify as such under this definition.” 
 D. The definition of “Unrestricted Subsidiary” in Section 1.01 of the Credit Agreement shall be amended by amending and restating the penultimate paragraph in its entirety to read as follows: 
 “As of the Amendment No. 1 Closing Date, notwithstanding anything herein to the contrary, each of the LS Operating Companies
(other than Griffith Energy LLC, ED Services LLC and Plum Point Energy Associates, LLC) shall cease to be Unrestricted Subsidiaries and shall become Restricted Subsidiaries.” 
 2.02 Commitments. Section 2.01(b) of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 “(b) The Term L/C Facility Term Loans. Subject to the terms and conditions set forth herein, each Term L/C Facility Lender
severally agrees to make a term loan in Dollars to the Borrower on the Amendment No. 1 Closing Date in an amount equal to the Term L/C Facility Commitment of such Term L/C Facility Lender. Amounts borrowed under this
Section 2.01(b) and repaid or prepaid may not be reborrowed. Term L/C Facility Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.” 
 2.03 Letters of Credit. Section 2.03 of the Credit Agreement shall be amended as follows: 
 A. The second paragraph of Section 2.03(a)(i) of the Credit Agreement shall be amended and restated in its entirety to read as follows: 

“Subject to the terms and conditions set forth herein, the Term L/C Issuers under any Term L/C Facility agree, (1) from time
to time on any Business Day during the period from the Closing Date until the Term L/C Expiration Date, to issue Term L/C Facility Letters of Credit under such Term L/C Facility for the account of the Borrower in Dollars or any Alternative Currency
(it being understood and agreed that subject to the other terms herein, the Borrower may obtain for its account Term L/C Facility Letters of Credit on behalf of the Parent or any of its Affiliates), and to amend or renew Term L/C Facility Letters of
Credit previously issued by it under such Term L/C Facility, in accordance with Section 2.03(b), and (2) to honor drafts under such Term L/C Facility Letters of Credit; provided that no Term L/C Issuer shall be obligated to
make any Term L/C Credit Extension with respect to any Term L/C Facility Letter of Credit under any Term L/C Facility if as of the date of such Term L/C Credit Extension (x) the 

  

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Outstanding Amount of all Term L/C Facility Obligations under such Term L/C Facility would exceed the aggregate Term L/C Issuer Commitments under such Term
L/C Facility; (y) the Outstanding Amount of Term L/C Facility Obligations in respect of Term L/C Facility Letters of Credit issued by such Term L/C Issuer under such Term L/C Facility would exceed such Term L/C Issuer’s Term L/C Issuer
Sublimit thereunder; or (z) the Term L/C Collateral Account Balance with respect to such Term L/C Facility shall be less than the Required Term L/C Collateral Account Balance with respect to such Term L/C Facility; provided,
further, that the Dollar Equivalent of the aggregate face amount of Term L/C Facility Letters of Credit issued by a Term L/C Issuer under any Term L/C Facility shall not exceed such Term L/C Issuer’s Term L/C Issuer Sublimit
thereunder.” 
 B. Section 2.03(c) of the Credit Agreement shall be amended by amending and restating the last sentence of the
second paragraph of clause (i) thereof to read as follows: 
 “If the Borrower does not so reimburse the relevant Term L/C Issuer at
or prior to the time for payment specified above in respect of such drawing under such Term L/C Facility Letter of Credit, the Payment Agent shall promptly cause the amounts on deposit in the Term L/C Collateral Account with respect to the
applicable Term L/C Facility to be applied to repay in full such amounts (such amounts, including accrued interest, the “Term L/C Facility Unreimbursed Amount” and, together with the Revolving Unreimbursed Amount, the
“Unreimbursed Amount”) and such Term L/C Facility shall be automatically and permanently reduced by such Term L/C Facility Unreimbursed Amount in accordance with Section 2.05(c).” 
 C. Section 2.03(k) of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 “(k) Term L/C Collateral Accounts. 
 (i) On or prior to the Closing Date, the Borrower shall establish a Term L/C Collateral Account for the purpose of cash collateralizing
the Borrower’s obligations to the Term L/C Issuers in respect of the Term L/C Facility Letters of Credit under the Term L/C Facility. On the Closing Date the proceeds of the Term L/C Facility Term Loans made on the Closing Date, and on the
Amendment No. 1 Closing Date the proceeds of the Term L/C Facility Term Loans made on the Amendment No. 1 Closing Date, together with other funds (if any) provided by the Borrower, shall be deposited into a Term L/C Collateral Account such
that, and the Borrower agrees that at all times thereafter, and shall immediately cause additional funds to be deposited and held in such Term L/C Collateral Account from time to time in order that, such Term L/C Collateral Account Balance shall at
least equal the Required Term L/C Collateral Account Balance with respect to the Term L/C Facility. 
 (ii) The Borrower
hereby grants to the Collateral Agent, for the benefit of the Term L/C Issuers under the applicable Term L/C Facility, a security interest in the Term L/C Collateral Account with respect to such Term L/C Facility and all cash and balances therein
and all proceeds of the foregoing, as security for the Term L/C Facility Obligations in respect of such Term L/C Facility (and, in addition, grants a security interest therein, for the benefit of the Secured Parties as collateral security for the
Secured Obligations, provided that amounts on deposit in any Term L/C Collateral Account shall be applied, first, to repay the Term L/C Facility Obligations in respect of such Term L/C Facility and, then, all other Secured Obligations).
Except as expressly provided herein or in any other Loan Document, no Person shall have the right to make any withdrawal from any Term L/C Collateral Account or to exercise any right or power with respect thereto; provided that at any time
the Borrower shall fail to reimburse any Term L/C Issuer for 

  

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any Term L/C Facility Unreimbursed Amounts under any Term L/C Facility in accordance with the terms of Section 2.03(c), the Borrower hereby
absolutely, unconditionally and irrevocably agrees that the Collateral Agent shall be entitled to instruct the depositary bank (each, a “Depositary Bank”) of any Term L/C Collateral Account to withdraw therefrom and pay to
the Payment Agent for account of such Term L/C Issuer amounts equal to such Term L/C Facility Unreimbursed Amounts. So long as no Event of Default shall have occurred and be continuing, upon at least three Business Days’ prior written notice to
the Collateral Agent and the Payment Agent, the Borrower may, at any time and from time to time, request release of and payment to the Borrower of (and the Collateral Agent hereby agrees to instruct the Depositary Bank to release and pay to the
Borrower) any amounts on deposit in the Term L/C Collateral Account with respect to any Term L/C Facility in excess of the Required Term L/C Collateral Account Balance with respect to such Term L/C Facility (provided that the Collateral Agent
shall have received prior confirmation of the amount of such excess from the Payment Agent). In addition, the Collateral Agent hereby agrees to instruct the Depositary Bank to release and pay to the Borrower amounts (if any) remaining on deposit in
any Term L/C Collateral Account after the termination of the applicable Term L/C Facility and all Term L/C Facility Letters of Credit and the repayment in full of all outstanding Term L/C Facility Term Loans and Term L/C Facility Obligations in
respect of such Term L/C Facility.” 
 D. Section 2.03(m) of the Credit Agreement shall be amended and restated in its entirety to
read as follows: 
 “(m) Existing Letters of Credit. Subject to the terms and conditions hereof, (i) each
Revolving Letter of Credit under (and as defined in) the Existing DHI Credit Agreement which is outstanding on the Closing Date and listed on Schedule 2.03(m) (such Revolving Letters of Credit, the “Existing Revolving Letters
of Credit) shall, effective as of the Closing Date, be continued as a Revolving Letter of Credit hereunder and from and after the Closing Date shall be a Letter of Credit for all purposes hereof and shall be subject to and governed by the
terms and conditions hereof, and each Revolving Credit Lender shall have a participation interest therein equal to such Lender’s Pro Rata Share of the undrawn face amount of each such Revolving Letter of Credit effective as of the Closing Date,
(ii) each Term L/C Facility Letter of Credit under (and as defined in) the Existing DHI Credit Agreement which is outstanding on the Closing Date and listed on Schedule 2.03(m) (such Term L/C Facility Letters of Credit, the
“Existing Term L/C Facility Letters of Credit”) shall, effective as of the Closing Date, be continued as a Term L/C Facility Letter of Credit under the Term L/C Facility as then in effect and from and after the Closing Date
shall be a Letter of Credit for all purposes hereof and shall be subject to and governed by the terms and conditions hereof, (iii) each Existing Gen Finance Letter of Credit which is outstanding on the Amendment No. 1 Closing Date and
listed on Part A(i) of Schedule 2.03(m)(iii) to Amendment No. 1 shall, effective as of the Amendment No. 1 Closing Date, be continued as a Term L/C Facility Letter of Credit under the Term L/C Facility as then in effect
and from and after the Amendment No. 1 Closing Date shall be a Letter of Credit for all purposes hereof and shall be subject to and governed by the terms and conditions hereof and (iv) each Existing Gen Finance Letter of Credit which
is outstanding on the Amendment No. 1 Closing Date and listed on Part A(ii) or Part B of Schedule 2.03(m)(iii) to Amendment No. 1 shall, effective as of the Amendment No. 1 Closing Date, be continued as
a Revolving Letter of Credit hereunder and from and after the Amendment No. 1 Closing Date shall be a Letter of Credit for all purposes hereof and shall be subject to and governed by the terms and conditions hereof, and each Revolving Credit
Lender shall have a participation interest therein equal to such Lender’s Pro Rata Share of the undrawn face amount of each such Revolving Letter of Credit effective as of the Amendment No. 1 Closing Date.” 
  

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 2.04 Mandatory Prepayments. Section 2.04(b)(ii) of the Credit Agreement shall be amended by
amending, in subclause (A) of the proviso thereof, the reference to the amount “$750,000,000” to read “$1,000,000,000”. 
 2.05 Mandatory Commitment Reductions. Section 2.05(c) of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 “(c) Mandatory Commitment Reductions. The Term L/C Facility Commitments of the Term L/C Facility Lenders provided pursuant to
Amendment No. 1 shall terminate upon the relevant Term L/C Facility Borrowing on the Amendment No. 1 Closing Date. The Term L/C Issuer Commitments with respect to any Term L/C Facility shall be permanently reduced from time to
time by the amount, if any, by which the amount of such Term L/C Issuer Commitments exceed the Maximum Percentage of the applicable Term L/C Collateral Account Balance. 
 2.06 Incremental Revolving Credit Commitments. Section 2.13(a) of the Credit Agreement shall be amended by amending and restating sub-clause (II) of clause (iii) thereof in its entirety to read
as follows: 
 “(II) the pro forma Leverage Ratio shall not exceed (A) 7.5 to 1.0 at any time from the
Amendment No. 1 Closing Date through September 30, 2007, (B) 6.5 to 1.0 at any time from October 1, 2007 through December 31, 2007, (C) 6.0 to 1.0 at any time during fiscal year 2008 and
(D) thereafter, 5.0 to 1.0, in each case as of the last day of the most recently ended fiscal quarter for which financial statements are required to be delivered pursuant to Section 6.01(a), (b), (c) and (d) after giving
effect to such New Revolving Credit Commitments;”. 
 2.07 Use of Proceeds. 
 A. Section 6.11(a) of the Credit Agreement shall be amended by inserting the following new sentence at the end thereof: 
 “Without limiting the foregoing, Revolving Credit Loans made as of the Amendment No. 1 Closing Date may be used to effect payments of
outstanding amounts under the Gen Finance Credit Facilities in connection with the Gen Finance Refinancing.” 
 B. Section 6.11(b)
of the Credit Agreement shall be amended and restated in its entirety to read as follows: 
 “(b) Use the proceeds of the Term L/C
Facility Term Loans made on the Closing Date to fund the Term L/C Collateral Account as then in effect, use the proceeds of the Term L/C Facility Term Loans made on the Amendment No. 1 Closing Date to fund the Term L/C Collateral Account with
respect to the additional amount of the Term L/C Facility provided pursuant to Amendment No. 1, and use the Term L/C Facility Letters of Credit under any Term L/C Facility for general corporate purposes in the ordinary course of business of the
Borrower and its Restricted Subsidiaries not in contravention of any Law or any Loan Document.” 
 2.08 Covenant to Guarantee
Obligations and Give Security in Personal Property. Section 6.12 of the Credit Agreement shall be amended by inserting, at the end of clause (c) of the first sentence thereof, the following words: “or any Unrestricted Subsidiary
shall cease to be an Unrestricted Subsidiary and become a Restricted Subsidiary pursuant to any of the last two paragraphs of the definition of “Unrestricted Subsidiary”;”. 
  

 Amendment No. 1 
 - 10 - 

 2.09 Covenant to Give Security in Real Property. Section 6.13 of the Credit Agreement shall
be amended by inserting at the end of the first sentence the following: “; provided that the obligations of this Section 6.13 shall apply to any Person which shall become a Loan Party after the Closing Date if at such time or
thereafter such Loan Party shall own or acquire any Real Property having a Fair Market Value of $20,000,000 or more and the grant or perfection of the Lien on such Real Property would not require waiver, approval or consent from any Person”.

 2.10 Post-Amendment No. 1 Closing Date Undertakings. A new Section 6.17 shall be inserted at the end of Article VI of the
Credit Agreement to read as follows: 
 “6.17. Post-Amendment No. 1 Closing Date Undertakings. The Borrower
shall, and cause each of its Subsidiaries to, execute and deliver the documents and complete the tasks set forth in Schedule 4 to Amendment No. 1, in each case, to the extent not executed and delivered or completed, as
applicable, as of the Amendment No. 1 Effective Date, within such time period(s) as the Administrative Agents may agree in their sole discretion. Notwithstanding anything herein to the contrary, so long as the grant or perfection of a Lien
on the Equity Interests in any Gen Finance Operating Company or on the assets of any Gen Finance Operating Company or the entering into of a Guaranty or Guaranty Supplement by any Gen Finance Operating Company would require waiver, approval or
consent from any of the counterparties to the Existing Gen Finance Swap Contracts, (i) the relevant Gen Finance Operating Company or Gen Finance Operating Companies (or their respective LS Holding Company) shall not be required to provide any
of the Liens and/or the Guaranty contemplated by Section 6.12 and Section 6.13, but instead shall provide the Liens contemplated by this Section 6.17 (it being understood that when any such Gen Finance Operating
Company or its respective LS Holding Company, as applicable, is no longer subject to such requirement, such Gen Finance Operating Company or LS Holding Company, as applicable, shall comply with Section 6.12 and/or
Section 6.13 within the time periods specified therein (commencing with the date on which such requirement no longer applies), all in a manner and subject to documentation reasonably satisfactory to the Administrative Agents), and
(ii) the Gen Finance Collateral Documents shall govern any enforcement action in respect of Collateral covered thereunder and the application of the proceeds thereof. Notwithstanding anything herein to the contrary, so long as the grant or
perfection of a Lien on the Equity Interests in any Ontelaunee Operating Company or on the assets of any Ontelaunee Operating Company or the entering into of a Guaranty or Guaranty Supplement by any Ontelaunee Operating Company would require waiver,
approval or consent from any of the counterparties to the Swap Contracts referred to in Schedule 7.01(dd), the relevant Ontelaunee Operating Company or Ontelaunee Operating Companies (or their respective LS Holding Company) shall not be
required to provide any of the Liens and/or the Guaranty contemplated by Section 6.12 and Section 6.13, but instead shall provide the Liens contemplated by this Section 6.17 (it being understood that when any such
Ontelaunee Operating Company or its respective LS Holding Company, as applicable, is no longer subject to such requirement, such Ontelaunee Operating Company or LS Holding Company, as applicable, shall comply with Section 6.12 and/or
Section 6.13 within the time periods specified therein (commencing with the date on which such requirement no longer applies), all in a manner and subject to documentation reasonably satisfactory to the Administrative Agents).”

 2.11 Liens. Section 7.01 of the Credit Agreement shall be amended by: 
 A. deleting the word “and” at the end of clause (bb) thereof; 
  

 Amendment No. 1 
 - 11 - 

 B. inserting new clauses (cc) and (dd), immediately following clause (bb) thereof, to read as
follows: 
 “(cc) Liens existing on the Amendment No. 1 Closing Date on the assets of Gen Finance and its
Subsidiaries; provided that (i) the amount of the Existing Gen Finance Swap Contracts shall not be permitted to be increased or refinanced under this clause (cc), other than any increases as a result of changes in the
underlying market prices and rates relevant to such obligations and otherwise by operation of the terms of such obligations (it being understood that from and after the Amendment No. 1 Closing Date Gen Finance and its Subsidiaries shall
not enter into, or incur or suffer to exist, any Hedging Obligations, or any other obligation which shall be secured by a lien on any of its assets, not in existence as of the Amendment No. 1 Closing Date) and (ii) notwithstanding the
foregoing, with respect to any Existing Gen Finance Swap Contract that as of the Amendment No. 1 Closing Date is supported by a standby letter of credit issued for the account of Gen Finance, Gen Finance shall be permitted to replace such
letter of credit by granting to the relevant counterparty to such Existing Gen Finance Swap Contract first and/or second liens, as applicable, on the Gen Finance Collateral, which liens will share equally and ratably with all other then existing
Obligations secured by the Gen Finance Collateral of equal ranking in terms of security, and such liens shall be documented pursuant to new or amended collateral documents (including, if appropriate, amendments to the then existing Gen Finance
Collateral Documents or new Gen Finance Collateral Documents) having terms consistent with the foregoing requirements and reasonably acceptable to the Administrative Agents; 
 (dd) Liens existing on the Amendment No. 1 Closing Date and listed on Schedule 7.01(dd) to Amendment No. 1 on certain
assets of Ontelaunee as described therein; and”. 
 C. re-lettering clause “(cc)” thereof as “(ee)” (and any
references in the Credit Agreement (prior to giving effect to this Amendment No. 1) to clause (cc) of Section 7.01 shall be likewise deemed to be amended). 
 2.12 Investments. Section 7.02(s) of the Credit Agreement shall be amended by amending and restating the proviso at the end thereof in its
entirety to read as follows: 
 “; provided that the pro forma Leverage Ratio, after giving effect to such Investment, shall not
exceed (A) 7.5 to 1.0 at any time from the Amendment No. 1 Closing Date through September 30, 2007, (B) 6.5 to 1.0 at any time from October 1, 2007 through December 31, 2007, (C) 6.0 to 1.0 at
any time during fiscal year 2008 and (D) thereafter, 5.0 to 1.0”. 
 2.13 Indebtedness. Section 7.03 of the Credit
Agreement shall be amended as follows: 
 A. Clause (xii) of Section 7.03(b) shall be amended and restated in its entirety to read
as follows: 
 “(xii) the incurrence by the Borrower or any of its Restricted Subsidiaries of Indebtedness (including
unsecured Indebtedness and Indebtedness secured by First Priority Liens or Second Priority Liens or otherwise secured in compliance with Section 7.01), including all Permitted Refinancing Indebtedness in respect of any Indebtedness
incurred pursuant to this clause (xii), (other than Guarantees of Indebtedness of Persons other than the Borrower or any of its Restricted Subsidiaries); provided that: 
 (I) the Borrower shall be in compliance, on a pro forma basis after giving effect to the incurrence of such Indebtedness (as if such
Indebtedness had been incurred on the first day of the applicable Measurement Period), with the covenants set forth in Section 7.11; 
  

 Amendment No. 1 
 - 12 - 

 (II) the pro forma Leverage Ratio, after giving effect to the incurrence of such
Indebtedness (as if such Indebtedness had been incurred on the first day of the applicable Measurement Period), shall not exceed (A) 7.5 to 1.0 at any time from the Amendment No. 1 Closing Date through September 30, 2007,
(B) 6.5 to 1.0 at any time from October 1, 2007 through December 31, 2007, (C) 6.0 to 1.0 at any time during fiscal year 2008 and (D) thereafter, 5.0 to 1.0; 
 (III) the gross proceeds of the 2007 Senior Unsecured Notes incurred under this clause (xii) may be used to effect the Gen
Financing Refinancing, the Kendall Refinancing and the Ontelaunee Refinancing as of the Amendment No. 1 Closing Date (and to pay fees and expenses in connection therewith) and for other general corporate purposes; 
 (IV) the proceeds of Indebtedness incurred under this clause (xii) may be used to refinance in full any Indebtedness of any
Unrestricted Subsidiary (excluding any LS Operating Company, but including any Sithe Operating Company); provided that unless, at the time of such incurrence, such Unrestricted Subsidiary becomes a Restricted Subsidiary, the incurrence of
such Indebtedness and use of proceeds thereof (which, for avoidance of doubt, will be deemed to be an Investment by the Borrower in such Unrestricted Subsidiary) would be in compliance with Section 7.02(s) after giving effect thereto;

 (V) such Indebtedness is not scheduled to mature, and is not subject to mandatory repurchase, redemption or
amortization (other than pursuant to customary asset sale or change of control provisions requiring redemption or repurchase only if and to the extent permitted by this Agreement) prior to the date that is six months after the Term L/C Facility Term
Loan Maturity Date; 
 (VI) any such Indebtedness of the Borrower may be guaranteed by any of the Borrower Subsidiary
Guarantors; 
 (VII) such Indebtedness is not exchangeable or convertible into Indebtedness or Equity Interests of the
Borrower or any Restricted Subsidiary and is not contractually subordinated debt; 
 (VIII) in the case of any
Indebtedness secured by First Priority Liens, such Liens shall comply with the requirements of Section 7.01(b) and, in connection with the incurrence of such Indebtedness, the requirements of Section 6.13(b) shall have been
satisfied to the extent applicable; and 
 (IX) in the case of any Indebtedness secured by Second Priority Liens, such
Liens shall comply with the requirements of Section 7.01(c);”. 
 B. Clause (xv) of Section 7.03(b) shall be
amended by amending and restating clause (z) thereof in its entirety to read as follows: 
 “(z) the pro forma Leverage Ratio,
after giving effect to the incurrence of such Indebtedness (as if such Indebtedness had been incurred on the first day of the applicable Measurement Period), shall not exceed (A) 7.5 to 1.0 at any time from the Amendment No. 1 Closing
Date through 

  

 Amendment No. 1 
 - 13 - 

 
September 30, 2007, (B) 6.5 to 1.0 at any time from October 1, 2007 through December 31, 2007, (C) 6.0 to 1.0 at any
time during fiscal year 2008 and (D) thereafter, 5.0 to 1.0.” 
 2.14 Asset Sales. Section 7.05(c) of the Credit
Agreement shall be amended and restated in its entirety to read as follows: 
 “(c) in the case of any Asset Sale
other than the sale of Designated Assets or Basket Assets, the pro forma Leverage Ratio, after giving effect to such Asset Sale, shall not exceed (A) 7.5 to 1.0 at any time from the Amendment No. 1 Closing Date through
September 30, 2007, (B) 6.5 to 1.0 at any time from October 1, 2007 through December 31, 2007, (C) 6.0 to 1.0 at any time during fiscal year 2008 and (D) thereafter, 5.0 to 1.0.” 
 2.15 Burdensome Agreements. Section 7.09 of the Credit Agreement shall be amended by amending and restating clause (xii) thereof to read
as follows: 
 “(xii) (i) Indebtedness of a Restricted Subsidiary or (ii) in the case of Gen Finance, the
Existing Gen Finance Swap Contracts, in each case existing at the time such Person shall become a Restricted Subsidiary, provided that, other than in the case of Gen Finance with respect to amendments to the Existing Gen Finance Swap
Contracts entered into contemporaneously with the Amendment No. 1 Closing Date and acceptable to the Administrative Agents, such restriction was not created in connection with or in anticipation of the transaction or series of transactions
pursuant to which such Person became a Restricted Subsidiary or was acquired by the Borrower;”. 
 2.16 Events of Default.
Section 8.01 of the Credit Agreement shall be amended by (i) deleting the word “or” appearing at the end of clause (k) thereof, (ii) replacing the period at the end of clause (l) thereof with “; or” and
(iii) inserting a new clause (m), immediately after such clause (l), to read as follows: 
 “(m) Existing Gen
Finance Swap Contracts. There occurs any Contract Support Collateralization Event, any Commodity Hedge and Power Sale Agreement Event of Default or Termination Event or any Early Termination Event (as such terms are defined in the Collateral
Agency and Intercreditor Agreement dated as of May 4, 2006 (as amended, including, without limitation, by Amendment No. 3 thereto dated as of May 24, 2007) among Gen Finance, Dynegy Power Generation, LLC (formerly known as LS Power
Generation, LLC) and each of the other parties thereto from time to time).” 
 2.17 Authorization of Agents. Section 9.01 of
the Credit Agreement shall be amended by amending and restating paragraph (d) to read as follows: 
 “(d) Each
Lender hereby authorizes the Agents to enter into (or to authorize the Collateral Trustees to enter into) from time to time (and/or agree to any amendments to) (i) intercreditor arrangements on behalf of the Lenders in respect of First Priority
Liens and Second Priority Liens permitted hereunder, (ii) any of the Gen Finance Collateral Documents (and/or amendments or supplements thereto or amendments and restatements thereof) or intercreditor arrangements and other agreements relating
to the Gen Finance Refinancing (including with respect to the substitution of the Collateral Agent as a collateral agent under the Gen Finance Collateral Documents) and the other transactions contemplated by Amendment No. 1 (including
documentation in respect of any transactions contemplated by Section 7.01(cc)(iii) and reflecting appropriate lien priorities and/or limitations on guaranteed amounts) and (iii) any Collateral Documents and/or amendments or
supplements thereto or intercreditor arrangements and other 

  

 Amendment No. 1 
 - 14 - 

 
agreements relating to the Ontelaunee Refinancing (including intercreditor, subordination and/or other agreements in respect of any Liens permitted to remain
outstanding under Section 7.01(dd) and reflecting appropriate lien priorities and/or limitations on guaranteed amounts), in each case as the Agents shall determine to be appropriate and consistent with the provisions hereof (including
amendments to any of the Loan Documents to give effect thereto).” 
 2.18 Assignments. Section 11.07(a) of the Credit
Agreement shall be amended by deleting, at the end of clause (iv) of the second proviso thereof, the following words: “, except that any Term Lender may assign its Term Loans only if it simultaneously assigns to the
relevant assignee a ratable portion of each of the Term L/C Facility Term Loan and the Tranche B Term Loan held by such Term Lender (and, for this purpose, the minimum amount for assignments of Term Loans required under clause
(iii) above shall be determined based upon the aggregate amount of the Term Loans assigned to such assignee)”. 
 2.19
Schedules. Schedule 2.01 to the Credit Agreement shall be amended by amending the Revolving Credit Commitments and the Revolving Credit Lenders as of the Amendment No. 1 Closing Date as set forth on Schedule 2.01
attached to this Amendment No. 1. 
 Section 3. Representations and Warranties. The Borrower and the Parent represents
and warrants to the Lenders and the Agents that (a) the representations and warranties of each Loan Party contained in Article V of the Credit Agreement or in any other Loan Document shall be true and correct in all material respects on
and as of the date hereof and as if each reference therein to the Credit Agreement or words of like import included reference to this Amendment and the Credit Agreement as amended hereby (except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date), (b) no Default exists immediately prior to giving effect to this Amendment No. 1 and no Default
shall exist immediately after giving effect to Amendment No. 1 and (c) since December 31, 2006, except as disclosed in any Public Disclosure, there has been no event or circumstance, either individually or in the aggregate,
that has had or could reasonably be expected to have a Material Adverse Effect. 
 Section 4. Conditions to Effectiveness. The
amendments to the Credit Agreement set forth in Section 2 of this Amendment No. 1 shall become on the effective as of the date (the “Amendment No. 1 Closing Date”) on which
the following conditions shall be satisfied (including, in the case of any documents referred to below, receipt thereof by the Administrative Agents) in each case in a manner in form and substance satisfactory to the Administrative Agents:

 (a) Amendment No. 1. Duly executed and delivered counterparts of (i) this Amendment No. 1
from Borrower, the Parent, the Intermediate Parent, the Guarantors, the Agents and each new Term L/C Issuer (if any) and (ii) in the case of any Lender, to the extent required hereby, or any Person that shall become a Lender hereunder as of the
Amendment No. 1 Closing Date, this Amendment No. 1 or an Amendment No. 1 Lender Addendum, without duplication, from (I) Lenders and other Persons providing as of the Amendment No. 1 Closing Date additional
Revolving Credit Commitments in an aggregate amount of $300,000,000 and additional Term L/C Facility Commitments in an aggregate amount of $450,000,000, (II) the Required Lenders, and (III) Revolving Credit Lenders having more than 50% of the
Revolving Credit Commitments (immediately prior to giving effect to this Amendment No. 1). 
 (b) Amendments to
Collateral Documents. Duly executed and delivered counterparts of such amendments (if any) to any of the Collateral Documents existing as of the Amendment No. 1 Closing Date as the Administrative Agents shall reasonably request to give
effect to the transactions contemplated by this Amendment No. 1. 
  

 Amendment No. 1 
 - 15 - 

 (c) Corporate Documents. Such documents and certificates as the Administrative
Agents or their counsel may reasonably request relating to the borrowings under the Credit Agreement as amended hereby in respect of the legal matters relating to the Loan Parties (including board of director resolutions and evidence of the
incumbency of officers), the Credit Agreement as amended hereby, and such documents and certifications as the Administrative Agents may reasonably require to evidence that each Loan Party is duly organized or formed, validly existing, in good
standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification, except to the extent that failure to so qualify could not reasonably
be expected to have a Material Adverse Effect. 
 (d) Officer’s Certificate. A certificate dated the
Amendment No. 1 Closing Date and signed by a Responsible Officer of the Borrower certifying that (i) the incurrence of the 2007 Senior Unsecured Notes issued as of the Amendment No. 1 Closing Date shall comply with the
requirements of Section 7.03(b)(xii) of the Credit Agreement as amended hereby (and attaching the calculations in reasonable detail of the pro forma compliance requirements under subclauses (I) and (II) thereof (and reflecting such pro
forma adjustments thereto reasonably satisfactory to the Administrative Agents with respect to the fact that certain financial information for the first quarter of 2007 for the LS Operating Companies, the Sithe Operating Companies and/or the JV
Entities is not available and/or that Gen Finance has not been in existence for a full four quarter period), (ii) the conditions specified in Sections 4.02(a), (b) and (c) of the Credit Agreement have been satisfied and
(iii) each of the other conditions under this Section 4 shall have been satisfied. 
 (e) Opinion of Counsel.
A favorable opinion of (i) Akin Gump Strauss Hauer & Feld LLP, counsel to the Loan Parties and (ii) each other local counsel to the Loan Parties in the jurisdictions that delivered an opinion on the Closing Date pursuant to
Section 4.01(a)(ix) of the Credit Agreement, in each case addressed to the Agents and the Lenders and in form and substance reasonably satisfactory to the Administrative Agents (and each of the Loan Parties hereby instructs each such counsel to
deliver each such opinion to the Agents and the Lenders). 
 (f) Borrowing Notices. A Request for Credit Extension for
a Revolving Credit Borrowing and a Term L/C Borrowing under the Term L/C Facility (and, with respect to the existing Term L/C Facility Term Loans, an Interest Period election notice for an Interest Period or Interest Periods of the same duration(s)
as for such Term L/C Borrowing and in the same proportion), provided that any such Request for Credit Extension that selects the Eurodollar Rate for Borrowings shall have been so received by 12:00 noon (eastern time) three Business Days prior
to the Amendment No. 1 Closing Date, together with one or more written indemnities in form and substance satisfactory to the Administrative Agents obligating the Borrower to compensate the Lenders for losses, costs and expenses of the type
described in Section 3.05 of the Credit Agreement that may be incurred by them in the event such Borrowings are not made on the date requested in such Request for Credit Extension (it being understood that (i) the Borrower shall effect
such Revolving Credit Borrowings and/or prepayments of Revolving Credit Loans as of the Amendment No. 1 Closing Date such that, after giving thereto, Revolving Credit Loans then outstanding shall be held ratably by the Revolving Credit Lenders
according to their respective Revolving Credit Commitments after giving effect to this Amendment No. 1 and (ii) effective as of the Amendment No. 1 Closing Date, each Revolving Credit Lender’s ratable participation interest in
each Revolving Letter of Credit then outstanding under the Credit Agreement as amended hereby shall automatically be adjusted to reflected its Pro Rata Share of the Revolving Credit Commitments after giving effect to Amendment No. 1).

  

 Amendment No. 1 
 - 16 - 

 (g) Issuance of New Unsecured Notes. Evidence of receipt by the Borrower of gross
proceeds of not less than $1,650,000,000 from the issuance of the 2007 Senior Unsecured Notes. 
 (h) Gen Finance
Refinancing. Evidence satisfactory to the Administrative Agents of (i) the consummation of the Gen Finance Refinancing and (ii) that the execution and/or delivery of the documents, and the completion of the other matters, listed on
Part A of Schedule 4 to this Amendment No. 1 (including the execution and delivery by Gen Finance and the other guarantors thereunder of a first lien guaranty and a second lien guaranty in respect of the Obligations in the form
attached as Exhibit B and Exhibit C, respectively, to this Amendment No. 1) will occur, in each case, as of the Amendment No. 1 Closing Date or within such time period thereafter as the Administrative Agents may agree in
their sole discretion. 
 (i) Kendall and Ontelaunee Refinancings. Evidence satisfactory to the Administrative Agents
(i) of the consummation of the Kendall Refinancing and the Ontelaunee Refinancing including the termination of all liens securing the Kendall Credit Facility and (except as permitted under Section 7.01(dd) of the Credit Agreement as
amended hereby) the Ontelaunee Credit Facilities (or arrangements satisfactory to the Administrative Agents for such termination of such liens shall have been made) and (ii) that the execution and/or delivery of the documents, and the
completion of the other matters, listed on Parts B and C of Schedule 4 to this Amendment No. 1 will occur, in each case, as of the Amendment No. 1 Closing Date or within such time period thereafter as the
Administrative Agents may agree in their sole discretion. 
 (k) Term L/C Collateral Account. The Borrower shall have
funded the existing Term L/C Collateral Account in the additional amount required by Section 2.03(k) of the Credit Agreement as amended hereby. 
 (l) Payment of Fees. Evidence that (i) all fees in respect of this Amendment No. 1 required to be paid by the Borrower on or before the Amendment No. 1 Closing Date shall have been paid and
(ii) to the extent that written invoices have been provided to the Borrower, all costs and expenses of the Administrative Agents in connection with this Amendment No. 1 shall have been paid. 
 (m) Other Documents. Such other documents as the Administrative Agents may reasonably request. 
 Section 5. Delivery of Amendment No. 1 Lender Addenda. Each Lender (other than the Lenders set forth on the signature pages hereof) and
each other Person which is not a Lender under the Credit Agreement that shall become a Lender as of the Amendment No. 1 Closing Date shall become a party to this Amendment No. 1 (and, in the case of each such other Person, the Credit
Agreement as amended hereby) by delivering to the Administrative Agents an Amendment No. 1 Lender Addendum, duly executed by it, the Borrower and the Administrative Agents. 
 Section 6. Confirmation of Guarantee and Collateral Documents. Each of the Loan Parties party hereto confirms and ratifies all of its
respective obligations under the Credit Agreement as amended hereby and the Loan Documents to which it is a party (including its respective obligations as a guarantor under Article X of the Credit Agreement) and the Liens granted by it under
the respective Loan Documents (as amended hereby). 
 Section 7. Miscellaneous. Except as herein provided, the Credit Agreement
shall remain unchanged and in full force and effect. This Amendment No. 1 may be executed in any number of counterparts, all of which taken together shall constitute one and the same amendatory instrument and any 

  

 Amendment No. 1 
 - 17 - 

 
of the parties hereto may execute this Amendment No. 1 by signing any such counterpart. This Amendment No. 1 shall be governed by, and
construed in accordance with, the law of the State of New York. 
 [Remainder of Page Intentionally Blank] 
  

 Amendment No. 1 
 - 18 - 

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

					
	DYNEGY INC.
		
	By:	 	/s/ Charles C. Cook
		 	Name:	 	Charles C. Cook
		 	Title:	 	Senior Vice President and Treasurer
	
	DYNEGY ILLINOIS INC.
		
	By:	 	/s/ Charles C. Cook
		 	Name:	 	Charles C. Cook
		 	Title:	 	Senior Vice President and Treasurer
	
	DYNEGY HOLDINGS INC.
		
	By:	 	/s/ Charles C. Cook
		 	Name:	 	Charles C. Cook
		 	Title:	 	Senior Vice President and Treasurer
	
	DYNEGY GEN FINANCE CO, LLC
		
	By:	 	/s/ Charles C. Cook
		 	Name:	 	Charles C. Cook
		 	Title:	 	Senior Vice President and Treasurer

  

 Amendment No. 1 

					
	 OTHER GUARANTORS:
  
 DYNEGY POWER CORP.
 DPC II INC.
 DYNEGY ENGINEERING, INC.
 DYNEGY SERVICES, INC.
 DYNEGY POWER MANAGEMENT SERVICES, L.P.
 CALCASIEU POWER,
INC.
 DYNEGY PARTS AND TECHNICAL SERVICES, INC.
 DYNEGY POWER
MANAGEMENT SERVICES, INC.
 HEP COGEN, INC.
 NORTHWAY COGEN,
INC.
 DYNEGY POWER SERVICES, INC.
 OYSTER CREEK COGEN,
INC.
 RRP COMPANY
 DPC COLOMBIA – OPON POWER RESOURCES
COMPANY
 TERMO SANTANDER HOLDING, LLC
 RIVERSIDE GENERATION,
INC.
 RIVERSIDE GENERATING COMPANY, L.L.C.
 ROLLING HILLS
GENERATION, INC.
 DYNEGY RENAISSANCE POWER, INC.
 DYNEGY
NORTHEAST GENERATION, INC.
 HUDSON POWER, L.L.C.
 DYNEGY
MIDSTREAM GP, INC.
 DYNEGY UPPER HOLDINGS, L.L.C.
 DYNEGY HOLDING
COMPANY, L.L.C.

					
		
	By:	 	/s/ Charles C. Cook
		 	Name:	 	Charles C. Cook
		 	Title:	 	Senior Vice President and Treasurer

  

 Amendment No. 1 

					
	 DMG ENTERPRISES, INC.
 HAVANA DOCK
ENTERPRISES, LLC
 DMT HOLDINGS, INC.
 DMT G.P., L.L.C.

DMT HOLDINGS, L.P.
 DYNEGY MARKETING AND TRADE
 DYNEGY COAL TRADING & TRANSPORTATION, L.L.C.
 ILLINOVA
CORPORATION
 ILLINOVA GENERATING COMPANY
 IPG PARIS,
INC.
 ILLINOVA ENERGY PARTNERS, INC.
 PARISH POWER,
INC.
 CALCASIEU POWER, LLC
 DELTA COGEN, INC.
 DYNEGY POWER HOLDINGS, INC.
 COGEN POWER, INC.
 COGEN POWER, L.P.
 BLACK MOUNTAIN COGEN, INC.
 BLUEGRASS GENERATION, INC.
 BLUEGRASS GENERATION COMPANY, L.L.C.
 BLUE RIDGE GENERATION INC.
 BLUE RIDGE GENERATION LLC
 CHICKAHOMINY GENERATING COMPANY
 CHICKAHOMINY POWER, LLC
 DYNEGY OPERATING COMPANY

		
	By:	 	/s/ Charles C. Cook
		 	Name:	 	Charles C. Cook
		 	Title:	 	Senior Vice President and Treasurer

  

 Amendment No. 1 

					
	 GEORGIA MERCANTILE POWER, INC.
 HEARD COUNTY
POWER, L.L.C.
 DYNEGY ROSETON, L.L.C.
 DYNEGY GLOBAL ENERGY,
INC.
 DYNEGY BROADBAND MARKETING AND TRADE
 DYNEGY GP
INC.
 DYNEGY STRATEGIC INVESTMENTS, L.P.
 DYNEGY STRATEGIC
INVESTMENTS GP, L.L.C.
 RENAISSANCE POWER, L.L.C.
 ROLLING HILLS
GENERATING, L.L.C.
 DYNEGY POWER MARKETING, INC.
 DYNEGY ENERGY
SERVICES, INC.
 ILLINOIS POWER ENERGY, INC.
 DEM GP,
LLC
 DYNEGY ENERGY MARKETING, LP
 DYNEGY ADMINISTRATIVE SERVICES COMPANY
 NIPC, INC.
 DYNEGY CATLIN MEMBER, INC.
 DYNEGY MIDWEST GENERATION, INC.
 DYNEGY I.T., INC.
 DPC POWER RESOURCES HOLDING COMPANY
 ROCKINGHAM POWER, L.L.C.

		
	By:	 	/s/ Charles C. Cook
		 	Name:	 	Charles C. Cook
		 	Title:	 	Senior Vice President and Treasurer

  

 Amendment No. 1 

			
	DYNEGY STRATEGIC INVESTMENTS LP, INC.
	DYNEGY DANSKAMMER, L.L.C.
	DYNEGY MIDSTREAM HOLDINGS, INC.
	DYNEGY GAS TRANSPORTATION, INC.
	DYNEGY STORAGE TECHNOLOGY AND
SERVICES, INC.
	ROCKY ROAD POWER, LLC
	COGEN LYONDELL, INC.
	DYNEGY MANAGEMENT, INC.
	DEM LP, LLC
	DMT L.P., L.L.C.
		
	By:	 	 /s/ Charles C. Cook

			
	Name:	 	Charles C. Cook
	Title:	 	Senior Vice President and Treasurer

  

 Amendment No. 1 

			
	DYNEGY GAS IMPORTS, LLC
	 DYNEGY NEW YORK HOLDINGS, INC.
 EXRES SHC,
INC.

	EXRES POWER HOLDINGS, INC.
	SITHE ENERGIES, INC.
	SITHE ENERGIES U.S.A., INC.
	ENERGY FACTORS, INCORPORATED
	SITHE/INDEPENDENCE INDUSTRIAL ENERGY PARK INC.
	SITHE ENERGIES MARKETING, INC.
	SITHE POWER MARKETING, INC.
	SITHE POWER HOLDINGS, INC.
	SITHE/INDEPENDENCE EQUITY LLC
	SITHE/INDEPENDENCE LLC
	SITHE/INDEPENDENCE INDUSTRIAL ENERGY PARK, L.P.
	SITHE ENERGY MARKETING, L.P.
	GRIFFITH HOLDINGS LLC
	DYNEGY FALCON HOLDINGS INC.
	DYNEGY GENERATION HOLDINGS, LLC
	DYNEGY PLUM POINT HOLDINGS, LLC
	DYNEGY PLUM POINT, LLC
	DYNEGY POWER GENERATION, LLC
	DYNEGY ONTELAUNEE HOLDING, LLC
	DYNEGY KENDALL HOLDING, LLC
		
	By:	 	 /s/ Charles C. Cook

			
	Name:	 	Charles C. Cook
	Title:	 	Senior Vice President

  

 Amendment No. 1 

			
	AGENTS
	
	JPMORGAN CHASE BANK, N.A.,
	as a Lender, an Administrative Agent, a Revolving L/C Issuer, a Term L/C Issuer and the Collateral Agent
		
	 By:
	 	 /s/ Robert W. Traband

		 	Name: Robert W. Traband
		 	Title:    Executive Director

  

 Amendment No. 1 
 - 24 - 

			
	CITICORP USA, INC.,
	as a Lender, an Administrative Agent and the Payment Agent
		
	 By:
	 	 /s/ Amit Vasani

		 	Name: Amit Vasani
		 	Title:    Vice President

  

 Amendment No. 1 

			
	CITIBANK, N.A.,
	as a Revolving L/C Issuer and a Term L/C Issuer
		
	 By:
	 	 /s/ Amit Vasani

		 	Name: Amit Vasani
		 	Title:    Vice President

  

 Amendment No. 1 

			
	 CREDIT SUISSE, Cayman Islands Branch,
 as a
Term L/C Issuer

		
	 By:
	 	 /s/ Thomas Cantello

		 	Name: Thomas Cantello
		 	Title:    Director
		
	 By:
	 	 /s/ Shaheen Malik

		 	Name: Shaheen Malik
		 	Title:    Associate

  

 Amendment No. 1 

			
	BARCLAYS BANK PLC,
	as a Revolving Credit Lender and Revolving L/C Issuer
		
	 By:
	 	 /s/ David Barton

		 	Name: David Barton
		 	Title:    Associate Director

  

 Amendment No. 1Form of New Employee Stock Option Agreement

 Exhibit 10.23 
 NETLOGIC MICROSYSTEMS, INC. 
 NEW EMPLOYEE STOCK OPTION AGREEMENT 
 NETLOGIC MICROSYSTEMS, INC., a Delaware corporation (the “Company”),
has granted you (the “Optionee”) the option (the “Option”) to purchase shares (the “Shares”) of common stock of the Company, par value $.01 per share (“Common
Stock”), as set forth in the Notice of Grant of Stock Options which is a part of this Stock Option Agreement (“Agreement”). The Option has been granted as an incentive to Optionee’s continued employment or other
association with the Company, and in all respects subject to such continued employment or other association and all other terms and conditions of this Agreement. By accepting the Option in accordance with the E*Trade online OptionsLink System you
are agreeing that you and your Spouse or domestic partner are bound by all of the terms of this Agreement with respect to such Option grant. 
 1. Nature of the Option. The Option is intended to be an Incentive Option within the meaning of the Company’s General Terms and Conditions for New Employee Inducement Incentive Option Grants Under Rule 4350(i)(1)(A)(iv) of the
NASDAQ Stock Market Marketplace Rules attached hereto as Exhibit A (the “General Terms”). All capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the General Terms, which
provisions are incorporated into this Agreement by this reference. The Optionee confirms and acknowledges that the Optionee has received and reviewed copies of the General Terms. 
 2. Option Price. The “Option Price” is set forth in the Notice of Grant of Stock Options. 
 3. Vesting and Exercise of Option. The Option shall vest and become exercisable during its term in accordance with the following provisions:

 (a) Vesting and Right of Exercise. 
 (i) An Option shall vest and become exercisable with respect to one-fourth of the Shares at the first anniversary of the Vesting Commencement Date and as to one thirty-sixth of the remaining Shares subject to the
Option at the end of each successive month thereafter until all of the shares subject to the Option have vested, subject to the Optionee’s Continuous Employment. 
 (ii) In the event of the Optionee’s death, disability or other termination of employment, the Option shall be exercisable in the
manner and to the extent provided in Section 6.3 of the General Terms. 
 (iii) No fraction of a Share shall be
purchasable or deliverable upon exercise, but in the event any adjustment hereunder of the number of Shares covered by the Option shall cause such number to include a fraction of a Share, such number of Shares shall be adjusted to the nearest
smaller whole number of Shares. 
 (b) Method of Exercise. In order to exercise any portion of this Option which has vested, the
Optionee shall notify the Company in writing of the election to exercise the Option and the number of Shares in respect of which the Option is being exercised, or follow the option exercise procedure available on the E*Trade online OptionsLink
System. The certificate or certificates representing Shares as to which this Option has been exercised shall be registered in the name of the Optionee. 

 (c) Restrictions on Exercise. This Option may only be exercised with respect any portion hereof
which has vested in accordance with subsection (a) above. This Option may not be exercised if the issuance of the Shares upon such exercise or the method of payment of consideration for such Shares would constitute a violation of any applicable
federal or state securities law or other law or regulation. Furthermore, the method and manner of payment of the Option Price will be subject to the rules under Part 221 of Title 12 of the Code of Federal Regulations as promulgated by the Federal
Reserve Board if such rules apply to the Company at the date of exercise. As a condition to the exercise of this Option, the Company may require the Optionee to make any representation or warranty to the Company at the time of exercise of this
Option as in the opinion of legal counsel for the Company may be required by any applicable law or regulation, including the execution and delivery of an appropriate representation statement. Accordingly, the stock certificate(s) for the Shares
issued upon exercise of this Option may bear appropriate legends restricting transfer. 
 4. Non-Transferability of Option. This
Option may be exercised during the lifetime of the Optionee only by the Optionee and may not be transferred in any manner other than by will or by the laws of descent and distribution. The terms of this Option shall be binding upon the executors,
administrators, heirs and successors of the Optionee. 
 5. Method of Payment. Payment of the aggregate Option Price shall be by any
of the following, or a combination thereof, at the election of the Optionee: 
 (a) cash; 
 (b) certified or bank cashier’s check; or 
 (c) for as long as there exists a public market for the Common Stock on the date of exercise, by surrender of shares of the Common Stock in accordance with Section 6.1(e) of the General Terms. In this case payment shall be made as
follows: 
 (i) In addition to notifying the Company in writing of the election to exercise the Option and the number of
Shares in respect of which the Option is being exercised, or following the procedures available on the E*Trade online OptionsLink System, as applicable, Optionee shall deliver to the Secretary of the Company a written notice which shall set forth
the portion of the purchase price the Optionee wishes to pay with Common Stock and the number of shares of such Common Stock the Optionee intends to surrender pursuant to the exercise of this Option, which shall be determined by dividing the
aforementioned portion of the purchase price by the Market Value of the Common Stock for the day on which the notice of exercise is sent or delivered; 
 (ii) Fractional shares shall be disregarded and the Optionee shall pay in cash an amount equal to such fraction multiplied by the price determined under subparagraph (i) above; 
 (iii) The written notice shall be accompanied by a duly endorsed blank stock power with respect to the number of Shares set forth in the
notice, and the certificate(s) representing said Shares shall be delivered to the Company at its principal offices within two business days from the date of the notice of exercise; 
 (iv) The Optionee hereby authorizes and directs the Secretary of the Company to transfer so many of the Shares represented by such
certificate(s) as are necessary to pay the purchase price in accordance with the provisions herein; and 

 (v) Notwithstanding any other provision herein, the Optionee shall only be permitted to
pay the purchase price with Shares of the Company’s Common Stock owned by him as of the exercise date in the manner and within the time periods allowed under 17 CFR §240.16b-3 promulgated under the Securities Exchange Act of 1934
as such regulation is presently constituted, as it is amended from time to time, and as it is interpreted now or hereafter by the Securities and Exchange Commission. 
 In accordance with Section 6.1(e) of the General Terms, the Optionee may elect to pay the exercise price by authorizing a third party to sell Shares subject to the Option and remit to the Company a sufficient
portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise. 
 6. Adjustments Upon
Changes in Capitalization. Subject to any required action by the stockholders of the Company, the number of Shares covered by the Option, and the per share exercise price of the Option, shall be proportionately adjusted for certain corporate
actions in accordance with and pursuant to Section 7.1 of the General Terms. Such adjustments shall be made by the Committee, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no
issue by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or Option Price of Shares of Common Stock
subject to the Option. 
 7. Term of Option. This Option may not be exercised more than ten (10) years from the Grant Date set
forth in the signature page of this Agreement, and may be exercised during such term only in accordance with the terms of this Agreement. 
 8. Not Employment Contract. Nothing in this Agreement shall confer upon the Optionee any right to continue in the employ of the Company or shall interfere with or restrict in any way the rights of the Company, which are hereby
expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without cause, subject to the provisions of applicable law. 
 9. Income Tax Withholding. 
 (a) The Optionee authorizes the Company to withhold in accordance with
applicable law from any compensation payable to him or her any taxes required to be withheld by federal, state or local laws as a result of the exercise of this Option. 
 (b) Any adverse consequences incurred by an Optionee with respect to the use of shares of Common Stock to pay any part of the Option Price or of any tax in connection with the exercise of an Option, including, without
limitation, any adverse tax consequences arising as a result of a disqualifying disposition within the meaning of Section 422 of the Code shall be the sole responsibility of the Optionee. 
 10. Adjustments in Acquisitions. 
 In
accordance with the provisions of Section 7.2(a) of the General Terms, the Option will Accelerate in full in the event of an Acquisition if the Optionee remains employed by the Company or one of its Affiliates as of the date of the Acquisition,
which means the closing date thereof, and the Option is not assumed or replaced by the successor or acquiring entity or the entity in control of such successor or acquiring entity in accordance with Section 7.2 (referred to for purposes of this
section as the “Acquirer”). Otherwise, the Option will not Accelerate in the event of an Acquisition. In this regard, 

 
if the Optionee is offered employment or some other compensation continuing role by or on behalf of the Acquirer, including but not limited to, continuing
employment with the Company, and in connection therewith, the Acquirer offers to assume or replace the Option, the Option will not Accelerate if the Optionee does not accept the offer. 
 Subject to the terms of any other written agreement between the Optionee and the Company related to the Optionee’s employment by or other
association with the Company and in accordance with Sections 7.1, 7.2, 7.4 and 7.5 of the General Terms, the Committee may, if it so determines in the exercise of its sole discretion, also make provision for proportionately adjusting the number or
class of securities covered by the Option, as well as the price to be paid therefor, in the event that the Company effects one or more Acquisitions, corporate separations, reorganizations, liquidations or other increases or reductions of shares of
its outstanding Common Stock. 
 [If, following a Change of Control in which the Option has been assumed by the successor or acquiring entity
as of the date thereof, in the event of the Optionee’s Involuntary Termination of employment within 24 months after the effective date of the Change of Control the vesting of the assumed Option shall be accelerated such that the Option will so
vest as of the effective date of such Involuntary Termination with respect to all Shares that would have become vested during such 24-month period but for the Change of Control and Involuntary Termination (assuming the Optionee’s Continuous
Employment). An “Involuntary Termination” is one that occurs by reason of dismissal for any reason other than Misconduct or of voluntary resignation following: (i) a change in position that materially reduces the level
of the Optionee’s responsibility, (ii) a material reduction in the Optionee’s base salary, or (iii) relocation by more than 50 miles; provided that (ii) and (iii) will apply only if the Optionee has not consented to the
change or relocation. “Misconduct” shall mean the commission of any act of fraud, embezzlement or dishonesty by the Optionee, any unauthorized use or disclosure by such person of confidential information or trade secrets of
the Company (or any Parent or Subsidiary), or any other intentional misconduct by such person adversely affecting the business affairs of the Company (or any Parent or Subsidiary) in a material manner. The foregoing definition shall not be deemed to
be inclusive of all the acts or omissions which the Company (or any Parent or Subsidiary) may consider as grounds for the dismissal or discharge of the Optionee.] 
 THIS AGREEMENT is binding upon the parties and entered into effective as of the date set forth in the Notice of Grant of Stock Options. 
 CONSENT OF SPOUSE/DOMESTIC PARTNER 
 I, the Optionee, hereby agree that my spouse’s/domestic
partner’s interest in the shares of Common Stock subject to said Option Agreement shall be irrevocably bound by the Option Agreement’s terms. I further agree that all community property interests of mine and my spouse’s or domestic
partner’s in such shares, if any, shall similarly be bound by said Option Agreement and that such consent is binding upon our executors, administrators, heirs and assigns. I represent and warrant to the Company that I have the authority to bind
my spouse/domestic partner with respect to the Option and the Shares. I agree to execute and deliver such documents as may be necessary to carry out the intent of said Option Agreement and this consent. 

 EXHIBIT A 
 NETLOGIC MICROSYSTEMS, INC. 
 GENERAL TERMS AND CONDITIONS FOR NEW EMPLOYEE INDUCEMENT INCENTIVE
OPTION GRANTS UNDER RULE 4350(I)(1)(A)(IV) OF THE NASDAQ STOCK MARKET MARKETPLACE RULES 
  

 NETLOGIC MICROSYSTEMS, INC. 
 1. General Terms and Conditions for New Employee Inducement Incentive Option Grants Under Rule 4350(i)(1)(A)(iv) of the NASDAQ Stock Market Marketplace Rules Purposes 
 1.1 General Purpose. The Company, by means of these General Terms, seeks to retain the services of persons not previously an employee or
director of the Company, or following a bona fide period of non-employment, as an inducement material to the individual’s entering into employment with the Company within the meaning of Rule 4350(i)(1)(A)(iv) of the Nasdaq Stock Market
Marketplace Rules, and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Affiliates. 
 1.2 Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are the new employees of the Company and its Affiliates hired as managers of the Company (director level or higher). 
 1.3 Available Awards. The purpose of the General Terms is to provide a means by which eligible recipients of Awards may be given an
opportunity to benefit from increases in value of the Common Stock through the granting of the following Stock Awards: Options, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Units and Stock Grants. 
 2. Definitions 
 As used in this General Terms, the following terms
shall have the following meanings: 
 2.1 Accelerate, Accelerated, and Acceleration means:
(a) when used with respect to an Option or Stock Appreciation Right, that as of the time of reference the Option or Stock Appreciation Right will become exercisable with respect to some or all of the shares of Stock for which it was not then
otherwise exercisable by its terms; (b) when used with respect to Restricted Stock or Restricted Stock Units, that the Risk of Forfeiture otherwise applicable to the Stock or Units shall expire with respect to some or all of the shares of
Restricted Stock or Units then still otherwise subject to the Risk of Forfeiture; and (c) when used with respect to Performance Units, that the applicable Performance Goals shall be deemed to have been met as to some or all of the Units.

 2.2 Acquisition means a merger or consolidation of the Company with or into another person or the sale, transfer, or other
disposition of all or substantially all of the Company’s assets to one or more other persons in a single transaction or series of related transactions. 
 2.3 Affiliate means any corporation, partnership, limited liability company, business trust, or other entity controlling, controlled by or under common control with the Company. 

 2.4 Award means any grant or sale pursuant to the General Terms of Options, Stock
Appreciation Rights, Performance Units, Restricted Stock, Restricted Stock Units or Stock Grants. 
 2.5 Award Agreement means
an agreement between the Company and the recipient of an Award, setting forth the terms and conditions of the Award. 
 2.6 Board
means the Company’s of Board of Directors. 
 2.7 Change of Control means the occurrence of any of the following
after the date of the approval of the General Terms by the Board: 
 (a) an Acquisition, unless securities possessing more than 50% of the
total combined voting power of the survivor’s or acquiror’s outstanding securities (or the securities of any parent thereof) are held by a person or persons who held securities possessing more than 50% of the total combined voting power of
the Company’s outstanding securities immediately prior to that transaction, or 
 (b) any person or group of persons (within the meaning
of Section 13(d)(3) of the Exchange Act) directly or indirectly acquires beneficial ownership (determined pursuant to SEC Rule 13d-3 promulgated under the said Exchange Act) of securities possessing more than 50% of the total combined
voting power of the Company’s outstanding securities pursuant to a tender or exchange offer made directly to the Company’s stockholders that the Board does not recommend such stockholders accept, other than (i) the Company or an
Affiliate, (ii) an employee benefit plan of the Company or any of its Affiliates, (iii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Affiliates, or (iv) an underwriter
temporarily holding securities pursuant to an offering of such securities, or 
 (c) over a period of 36 consecutive months or less, there is
a change in the composition of the Board such that a majority of the Board members (rounded up to the next whole number, if a fraction) ceases, by reason of one or more proxy contests for the election of Board members, to be composed of individuals
who either (i) have been Board members continuously since the beginning of that period, or (ii) have been elected or nominated for election as Board members during such period by at least a majority of the Board members described in the
preceding clause (i) who were still in office at the time that election or nomination was approved by the Board; or 
 (d) a majority of
the Board votes in favor of a decision that a Change of Control has occurred. 
 2.8 Code means the Internal Revenue Code of
1986, as amended from time to time, or any successor statute thereto, and any regulations issued from time to time thereunder. 
 2.9
Committee means the Compensation Committee of the Board, which in general is responsible for the administration of the General Terms, as provided in Section 5 of the General Terms. For any period during which no such committee is
in existence, “Committee” shall mean the Independent Board, and all authority and responsibility assigned to the Committee under the General Terms shall be exercised, if at all, by the Independent Board. 

 2.10 Company means NetLogic Microsystems, Inc., a corporation organized under the laws of
the State of Delaware. 
 2.11 Continuous Employment means the absence of any interruption or termination of service as an
employee, director or consultant of the Company or any Subsidiary. Continuous Employment shall not be considered interrupted during any period of (i) any leave of absence approved by the Company or (ii) transfers between locations of the
Company or between the Company and any Parent, Subsidiary or successor of the Company. 
 2.12 Effective Date means the date on
which this General Terms has been approved by the Board, including the Independent Board. 
 2.13 Exchange Act means the
Securities Exchange Act of 1934, as amended. 
 2.14 Grant Date means the date as of which an Option is granted, as determined
under Section 6.1(a). 
 2.15 Independent Board means a majority of the independent directors on the Board.
“Independent” has the meaning given under NASD Marketplace Rule 4200. 
 2.16 Market Value means
the value of a share of Stock on a particular date determined by such methods or procedures as may be established by the Committee. Unless otherwise determined by the Committee, the Market Value of Stock as of any date is the closing price for the
Stock as reported on the applicable market of the NASDAQ Stock Market (or on any national securities exchange or other established market on which the Stock is then listed) for that date or, if no closing price is reported for that date, the closing
price on the next preceding date for which a closing price was reported. For purposes of Awards effective as of the effective date of the Company’s initial public offering, Market Value of Stock shall be the price at which the Company’s
Stock is offered to the public in its initial public offering. 
 2.17 Nonstatutory Option means any Option that is not an
Incentive Option. 
 2.18 Option means an option to purchase shares of Stock. 
 2.19 Optionee means a Participant to whom an Option shall have been granted under the General Terms. 
 2.20 Parent means a parent corporation of the Company, whether now or hereafter existing, as defined by Section 424(e) of the Code.

 2.21 Participant means any holder of an outstanding Award under the General Terms. 
 2.22 Performance Criteria means the criteria that the Committee select for purposes of establishing the Performance Goal or Performance
Goals for a Participant for a Performance Period. The Performance Criteria used to establish Performance Goals are limited to: pre- or after-tax net earnings, sales growth, operating earnings, operating cash flow, return on net assets, return on
stockholders’ equity, return on assets, return on capital, Stock price growth, stockholder returns, gross or net profit margin, earnings per share, price per share of Stock, and 

 
market share, any of which may be measured either in absolute terms or as compared to any incremental increase or as compared to results of a peer group. The
Committee will objectively define the manner of calculating the Performance Criteria it selects to use for such Performance Period for such Participant. 
 2.23 Performance Goals means, for a Performance Period, the written goals established by the Committee for the Performance Period based upon the Performance Criteria. Depending on the Performance
Criteria used to establish such Performance Goals, the Performance Goals may be expressed in terms of overall Company performance or the performance of a division, business unit, Subsidiary, or an individual. 
 2.24 Performance Period means the one or more periods, which may be of varying and overlapping durations, selected by the Committee, over
which the attainment of one or more Performance Goals will be measured for purposes of determining a Participant’s right to, and the payment of, a Performance Unit. 
 2.25 Performance Unit means a right granted to a Participant under Section 6.5, to receive cash, Stock or other Awards, the payment of which is contingent on achieving Performance Goals established
by the Committee. 
 2.26 General Terms means these General Terms and Conditions for New Employee Inducement Incentive Option
Grants Under Rule 4350(i)(1)(A)(iv) of the NASDAQ Stock Market Marketplace Rules of the Company, as amended from time to time, and including any attachments or addenda hereto. 
 2.27 Restricted Stock means a grant or sale of shares of Stock to a Participant subject to a Risk of Forfeiture. 
 2.28 Restricted Stock Units means rights to receive shares of Stock at the close of a Restriction Period, subject to a Risk of Forfeiture.

 2.29 Restriction Period means the period of time, established by the Committee in connection with an Award of Restricted
Stock, during which the shares of Restricted Stock are subject to a Risk of Forfeiture described in the applicable Award Agreement. 
 2.30
Risk of Forfeiture means a limitation on the right of the Participant to retain Restricted Stock or Restricted Stock Units, including a right in the Company to reacquire shares of Restricted Stock at less than their then Market Value,
arising because of the occurrence or non-occurrence of specified events or conditions. 
 2.31 Securities Act means the
Securities Act of 1933, as amended. 
 2.32 SEC means the Securities and Exchange Commission. 
 2.33 Stock means common stock, par value $0.01 per share, of the Company, and such other securities as may be substituted for Stock
pursuant to Section 7. 

 2.34 Stock Appreciation Right means a right to receive any excess in the Market Value of
shares of Stock (except as otherwise provided in Section 6.2(c)) over a specified exercise price. 
 2.35 Stock Grant
means the grant of shares of Stock not subject to restrictions or other forfeiture conditions. 
 2.36 Subsidiary means
a subsidiary corporation of the Company, whether now or hereafter existing, as defined in Section 424(f) of the Code. 
 2.37
Vesting Commencement Date means, with respect to an Option or Stock Appreciation Right, the date, determined by the Committee, on which the vesting of the Option or Stock Appreciation Right shall commence, which may be the Grant Date
or a date prior to or after the Grant Date. 
 3. Term of the General Terms 
 Unless the General Terms shall have been earlier terminated by the Board, Awards may be granted under this General Terms at any time in the period
commencing on the Effective Date of approval of the General Terms by the Board and ending immediately prior to the twentieth anniversary thereof. Awards granted pursuant to the General Terms within that period shall not expire solely by reason of
the termination of the General Terms. 
 4. Administration 
 In all events the General Terms shall be administered by the Independent Board or Committee in compliance with rule 4350(i)(1)(A)(iv) (and any successor thereto) of the National Association of Securities Dealers, Inc.
(“NASD”). The grant of any Award under the General Terms must be approved by a majority of the members of the Board (each of whom is an “independent director” as defined in the rules of the NASD) or by the Company’s
independent compensation committee (as intended under the rules of the NASD). The General Terms shall be administered by the Committee, provided, however, that at any time and on any one or more occasions the Board may itself exercise any of
the powers and responsibilities assigned the Committee under the General Terms and when so acting shall have the benefit of all of the provisions of the General Terms pertaining to the Committee’s exercise of its authorities hereunder. Subject
to the provisions of the General Terms, the Committee shall have complete authority, in its discretion, to make or to select the manner of making all determinations with respect to each Award to be granted by the Company under the General Terms,
including the employee, consultant or director to receive the Award and the form of Award. All Awards of Stock or which otherwise entitle the Award recipient to acquire any shares of Stock shall be made from the authorized but unissued shares of
Stock of the Company. The Committee, or the Independent Board, shall determine in its sole discretion how many shares of Stock to issue under this General Terms in the aggregate. In making its determinations, the Committee may take into account the
nature of the services to be rendered by the new employees, their present and potential contributions to the success of the Company and its Affiliates, and such other factors as the Committee in its discretion shall deem relevant. Subject to the
provisions of the General Terms, the Committee also shall have complete authority to interpret the General Terms, to prescribe, amend and rescind rules and regulations 

 
relating to it, to determine the terms and provisions of the respective Award Agreements (which need not be identical), and to make all other determinations
necessary or advisable for the administration of the General Terms including, but not limited to, the cancellation, amendment, repricing, reclassification or exchange of outstanding Options and other Awards, subject to the provisions of
Section 13. The Committee’s determinations made in good faith on matters referred to in the General Terms shall be final, binding and conclusive on all persons having or claiming any interest under the General Terms or an Award made
pursuant to hereto. 
 5. Authorization of Grants 
 5.1 Eligibility. Persons eligible for Stock Awards shall consist of Employees whose potential contribution, in the judgment of the Committee, will benefit the future success of the Company and/or an Affiliate.
Stock Awards may be granted only to persons not previously an Employee or Director of the Company, or following a bona fide period of non-employment, as an inducement material to the individual’s entering into employment with the Company
within the meaning of Rule 4350(i)(1)(A)(iv) of the NASD Marketplace Rules (or applicable replacement rules or regulations). In addition, notwithstanding any other provision of the General Terms to the contrary, all Stock Awards must be granted
either by the Independent Board or the Committee. 
 5.2 General Terms of Awards. Each grant of an Award shall be subject to all
applicable terms and conditions of the General Terms (including but not limited to any specific terms and conditions applicable to that type of Award set out in the following Section), and such other terms and conditions, not inconsistent with the
terms of the General Terms, as the Committee may prescribe. No prospective Participant shall have any rights with respect to an Award, unless and until such Participant has executed an Award agreement evidencing the Award, delivered a fully executed
copy thereof to the Company, and otherwise complied with the applicable terms and conditions of such Award. 
 5.3 Effect of Termination
of Employment, Disability or Death. 
 (a) Termination of Employment, Etc. Unless the Committee shall provide otherwise with
respect to any Award, if the Participant’s employment or other association with the Company or its Affiliates ends for any reason other than by total disability or death, including because of the Participant’s employer ceasing to be an
Affiliate, (a) any outstanding Option or Stock Appreciation Right of the Participant shall cease to be exercisable in any respect not later than 90 days following that event and, for the period it remains exercisable following that event, shall
be exercisable only to the extent exercisable at the date of that event, and (b) any other outstanding Award of the Participant shall be forfeited or otherwise subject to return to or repurchase by the Company on the terms specified in the
applicable Award Agreement. Military or sick leave or other personal leave approved by an authorized representative of the Company shall not be deemed a termination of employment or other association, provided that it does not exceed the
longer of 90 days or the period during which the absent Participant’s reemployment rights, if any, are guaranteed by statute or by contract. 
 (b) Disability of Participant. If a Participant’s employment or other association with the Company and its Affiliates ends due to disability (as defined in Section 22(e)(3) of the Code), and such Participant was in
Continuous Employment from the Grant Date until the date 

 
of termination of service, any outstanding Option or Stock Appreciation Right may be exercised at any time within six months following the date of
termination of service, but only to the extent of the accrued right to exercise at the time of termination of service, subject to the condition that no Option or Stock Appreciation Right shall be exercised after its expiration in accordance with its
terms. 
 (c) Death of Participant. In the event of the death during the Option period, or period during Stock Appreciation Right may
be exercised, of a Participant who is at the time of his or her death an employee, director or consultant and who was in Continuous Employment as such from the Grant Date until the date of death, the Option or Stock Appreciation Right of the
Participant may be exercised at any time within 12 months following the date of death by such Participant’s estate or by a person who acquired the right to exercise the Option or Stock Appreciation Right by bequest, inheritance or otherwise as
a result of the Participant’s death, but only to the extent of the accrued right to exercise at the time of death, subject to the condition that no Option or Stock Appreciation Right shall be exercised after its expiration in accordance with
its terms. 
 5.4 Transferability of Awards. Except as otherwise provided in this Section 5.4, Awards shall not be transferable,
and no Award or interest therein may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. All of a Participant’s rights in any Award may be exercised
during the life of the Participant only by the Participant or the Participant’s legal representative. However, the Committee may, at or after the grant of an Award of a Nonstatutory Option, or shares of Restricted Stock, provide that such Award
may be transferred by the recipient through a gift or domestic relations order in settlement of marital property rights to any of the following donees or transferees and may be reacquired by the Participant from any of such donors or transferees:

 (a) any “family member,” which includes any child, stepchild, grandchild, parent, stepparent, spouse, former
spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the Participant’s household (other than a tenant or employee);

 (b) a trust in which family members have more than fifty percent (50%) of the beneficial interests; 
 (c) a foundation in which “family members” (or the Participant) control the management of assets; and 
 (d) any other entity in which “family members” (or the Participant) own more than fifty percent (50%) of the voting interests. 

provided, that (x) any such transfer is without payment of any consideration whatsoever and that no transfer shall be valid unless first approved by the
Committee, acting in its sole discretion; (y) the Award Agreement pursuant to which such Awards are granted, and any amendments thereto, must be approved by the Committee and must expressly provide for transferability in a manner consistent
with this Section 5.4; and (z) subsequent transfers of transferred Awards shall be prohibited except in accordance with this Section 5.4. Following transfer, any such Awards 

 
shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer, provided that the term hereof or in
the Award Agreement shall continue to be applied with respect to the original Participant, following which any Options or Stock Appreciation Rights shall be exercisable by the transferee only to the extent, and for the periods specified in the Award
Agreement or Section 5.3, as applicable. 
 6. Specific Terms of Awards 
 6.1 Options. 
 (a) Date of
Grant. The granting of an Option shall take place at the time that legally effective action to grant the award is taken by the Committee or the Independent Board. 
 (b) Exercise Price. The price at which shares of Stock may be acquired under each Option shall be determined by the Committee in its sole discretion. 
 (c) Option Period. No Option may be exercised on or after the tenth anniversary of the Grant Date. 
 (d) Exercisability. An Option may be immediately exercisable or become exercisable in such installments, cumulative or non-cumulative, as the
Committee may determine. Unless the Committee specifically determines otherwise at the time of the grant of the Option, each Option shall vest and become exercisable, cumulatively, as to one-fourth of the shares at the first anniversary of the
Vesting Commencement Date and as to one thirty-sixth of the remaining shares subject to the Option at the end of each successive month thereafter until all of the shares subject to the Option have vested, subject to the Optionee’s Continuous
Employment. In the case of an Option not otherwise immediately exercisable in full, the Committee may Accelerate such Option in whole or in part at any time. 
 (e) Method of Exercise. An Option may be exercised by the Optionee giving written notice, in the manner provided in Section 14, specifying the number of shares with respect to which the Option is then
being exercised. The notice shall be accompanied by payment in the form of cash or check payable to the order of the Company in an amount equal to the exercise price of the shares to be purchased or, if the Committee had so authorized on the grant
of the Option or (and subject to such conditions, if any, as the Committee may deem necessary to avoid adverse accounting effects to the Company) by delivery to the Company of 
 (i) shares of Stock having a Market Value equal to the exercise price of the shares to be purchased, or 
 (ii) unless prohibited by applicable law, the Optionee’s executed promissory note in the principal amount equal to the exercise price of the shares
to be purchased and otherwise in such form as the Committee shall have approved. 
 If the Stock is traded on an established market, payment of any exercise
price may also be made through and under the terms and conditions of any formal cashless exercise program authorized by the Company entailing the sale of the Stock subject to an Option in a brokered transaction (other than to the Company). Receipt
by the Company of such notice and payment in any 

 
authorized or combination of authorized means shall constitute the exercise of the Option. Within 30 days thereafter but subject to the remaining provisions
of the General Terms, the Company shall deliver or cause to be delivered to the Optionee or his agent a certificate or certificates for the number of shares then being purchased. Such shares shall be fully paid and nonassessable. 
 6.2 Stock Appreciation Rights. 
 (a)
Tandem or Stand-Alone. Stock Appreciation Rights may be granted in tandem with an Option (at or, in the case of a Nonstatutory Option, after, the award of the Option), or alone and unrelated to an Option. Stock Appreciation Rights in tandem
with an Option shall terminate to the extent that the related Option is exercised, and the related Option shall terminate to the extent that the tandem Stock Appreciation Rights are exercised. 
 (b) Exercise Price. Stock Appreciation Rights shall have such exercise price as the Committee may determine, except that in the case of Stock
Appreciation Rights in tandem with Options, the exercise price of the Stock Appreciation Rights shall equal the exercise price of the related Option. 
 (c) Other Terms. Except as the Committee may deem inappropriate or inapplicable in the circumstances, Stock Appreciation Rights shall be subject to terms and conditions substantially similar to those applicable
to a Nonstatutory Option. In addition, a Stock Appreciation Right related to an Option which can only be exercised during limited periods following a Change of Control may entitle the Participant to receive an amount based upon the highest price
paid or offered for Stock in any transaction relating to the Change of Control or paid during the 30-day period immediately preceding the occurrence of the Change of Control in any transaction reported in the stock market in which the Stock is
normally traded. 
 6.3 Restricted Stock. 
 (a) Purchase Price. Shares of Restricted Stock shall be issued under the General Terms for such consideration, in cash, other property or services, or any combination thereof, as is determined by the Committee.

 (b) Issuance of Certificates. Each Participant receiving a Restricted Stock Award, subject to subsection (c) below, shall be
issued a stock certificate in respect of such shares of Restricted Stock. Such certificate shall be registered in the name of such Participant, and, if applicable, shall bear an appropriate legend referring to the terms, conditions, and restrictions
applicable to such Award substantially in the following form: 
 The transferability of this certificate and the shares
represented by this certificate are subject to the terms and conditions of the NetLogic Microsystems, Inc. 2006 New Employee Inducement Incentive General Terms and an Award Agreement entered into by the registered owner and NetLogic Microsystems,
Inc. Copies of such General Terms and Agreement are on file in the offices of NetLogic Microsystems, Inc. 

 (c) Escrow of Shares. The Committee may require that the stock certificates evidencing shares of
Restricted Stock be held in custody by a designated escrow agent (which may but need not be the Company) until the restrictions thereon shall have lapsed, and that the Participant deliver a stock power, endorsed in blank, relating to the Stock
covered by such Award. 
 (d) Restrictions and Restriction Period. During the Restriction Period applicable to shares of Restricted
Stock, such shares shall be subject to limitations on transferability and a Risk of Forfeiture arising on the basis of such conditions related to the performance of services, Company or Affiliate performance or otherwise as the Committee may
determine and provide for in the applicable Award Agreement. Any such Risk of Forfeiture may be waived or terminated, or the Restriction Period shortened, at any time by the Committee on such basis as it deems appropriate. 
 (e) Rights Pending Lapse of Risk of Forfeiture or Forfeiture of Award. Except as otherwise provided in the General Terms or the applicable Award
Agreement, at all times prior to lapse of any Risk of Forfeiture applicable to, or forfeiture of, an Award of Restricted Stock, the Participant shall have all of the rights of a stockholder of the Company, including the right to vote, and the right
to receive any dividends with respect to, the shares of Restricted Stock. The Committee, as determined at the time of Award, may permit or require the payment of cash dividends to be deferred and, if the Committee so determines, reinvested in
additional Restricted Stock to the extent shares for reinvestment were authorized at the time of grant. 
 (f) Lapse of Restrictions.
If and when the Restriction Period expires without a prior forfeiture of the Restricted Stock, the certificates for such shares shall be delivered to the Participant promptly if not theretofore so delivered. 
 6.4 Restricted Stock Units. 
 (a)
Character. Each Restricted Stock Unit shall entitle the recipient to a share of Stock at a close of such Restriction Period as the Committee may establish and subject to a Risk of Forfeiture arising on the basis of such conditions relating to
the performance of services, Company or Affiliate performance or otherwise as the Committee may determine and provide for in the applicable Award Agreement. Any such Risk of Forfeiture may be waived or terminated, or the Restriction Period
shortened, at any time by the Committee on such basis as it deems appropriate. 
 (b) Form and Timing of Payment. Payment of earned
Restricted Stock Units shall be made in a single lump sum following the close of the applicable Restriction Period. At the discretion of the Committee, Participants may be entitled to receive payments equivalent to any dividends declared with
respect to Stock referenced in grants of Restricted Stock Units but only following the close of the applicable Restriction Period and then only if the underlying Stock shall have been earned. Unless the Committee shall provide otherwise, any such
dividend equivalents shall be paid, if at all, without interest or other earnings. 
 6.5 Performance Units. 

 (a) Character. Each Performance Unit shall entitle the recipient to the value of a specified
number of shares of Stock, over the initial value for such number of shares, if any, established by the Committee at the time of grant, at the close of a specified Performance Period to the extent specified Performance Goals shall have been
achieved. 
 (b) Earning of Performance Units. The Committee shall set Performance Goals in its discretion which, depending on the
extent to which they are met within the applicable Performance Period, will determine the number and value of Performance Units that will be paid out to the Participant. After the applicable Performance Period has ended, the holder of Performance
Units shall be entitled to receive payout on the number and value of Performance Units earned by the Participant over the Performance Period, to be determined as a function of the extent to which the corresponding Performance Goals have been
achieved. 
 (c) Form and Timing of Payment. Payment of earned Performance Units shall be made in a single lump sum following the
close of the applicable Performance Period. At the discretion of the Committee, Participants may be entitled to receive any dividends declared with respect to Stock which have been earned in connection with grants of Performance Units which have
been earned, but not yet distributed to Participants. The Committee may permit or, if it so provides at grant require, a Participant to defer such Participant’s receipt of the payment of cash or the delivery of Stock that would otherwise be due
to such Participant by virtue of the satisfaction of any requirements or goals with respect to Performance Units. If any such deferral election is required or permitted, the Committee shall establish rules and procedures for such payment deferrals.

 6.6 Stock Grants. Stock Grants shall be awarded solely in recognition of significant contributions to the success of the Company or
its Affiliates, in lieu of compensation otherwise already due and in such other limited circumstances as the Committee deems appropriate. Stock Grants shall be made without forfeiture conditions of any kind. 
 6.7 Awards to Participants Outside the United States. The Committee may modify the terms of any Award under the General Terms, granted to a
Participant who is, at the time of grant or during the term of the Award, resident or primarily employed outside of the United States in any manner deemed by the Committee to be necessary or appropriate in order that the Award shall conform to laws,
regulations, and customs of the country in which the Participant is then resident or primarily employed, or so that the value and other benefits of the Award to the Participant, as affected by foreign tax laws and other restrictions applicable as a
result of the Participant’s residence or employment abroad, shall be comparable to the value of such an Award to a Participant who is resident or primarily employed in the United States. The Committee may establish supplements to, or
amendments, restatements, or alternative versions of, the General Terms for the purpose of granting and administrating any such modified Award. 
 7.
Adjustment Provisions 
 7.1 Adjustment for Corporate Actions. All of the share numbers set forth in the General Terms reflect the
capital structure of the Company as of the Effective Date. Subject to Section 7.2, if subsequent to that date the outstanding shares of Stock (or any other securities covered by the General Terms by reason of the prior application of this
Section) are increased, decreased, or exchanged for a different number or kind of shares or other securities, or if 

 
additional shares or new or different shares or other securities are distributed with respect to shares of Stock, through merger, consolidation, sale of all
or substantially all the property of the Company, reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split, or other similar distribution with respect to such shares of Stock, an appropriate and
proportionate adjustment will be made in (i) the numbers and kinds of shares or other securities subject to the then outstanding Awards, (ii) the exercise price for each share or other unit of any other securities subject to then
outstanding Options and Stock Appreciation Rights (without change in the aggregate purchase price as to which such Options or Rights remain exercisable), and (iii) the repurchase price of each share of Restricted Stock then subject to a Risk of
Forfeiture in the form of a Company repurchase right. 
 7.2 Treatment in Certain Acquisitions. 
 (a) Subject to any provisions of then outstanding Awards granting greater rights to the holders thereof, in the event of an Acquisition in which
outstanding Awards are not Accelerated in full, any then outstanding Awards shall nevertheless Accelerate in full if not assumed or replaced by comparable Awards referencing shares of the capital stock of the successor or acquiring entity or
the entity in control of such successor or acquiring entity, and thereafter (or after a reasonable period following the Acquisition, as determined by the Committee) terminate. As to any one or more outstanding Awards which are not otherwise
Accelerated in full by reason of such Acquisition, the Committee may also, either in advance of an Acquisition or at the time thereof and upon such terms as it may deem appropriate, provide for the Acceleration of such outstanding Awards in the
event that the employment of the Participants should subsequently terminate following the Acquisition. Each outstanding Award that is assumed in connection with an Acquisition, or is otherwise to continue in effect subsequent to the Acquisition,
will be appropriately adjusted, immediately after the Acquisition, as to the number and class of securities and other relevant terms in accordance with Section 7.1. 
 (b) For the purposes of this Section 7.2, an Award shall be considered assumed or replaced by a comparable Award if, following the Acquisition, the Award confers the right to purchase, for each share of Stock
subject to the Award immediately prior to the Acquisition, the consideration (whether stock, cash or other securities or property) received in the Acquisition by holders of Stock on the effective date of the Acquisition (and if holders were offered
a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding shares of Stock); provided, however, that if such consideration received in the Acquisition was not solely common stock of the
successor corporation or its Parent or Subsidiary, the Committee may, with the consent of the successor corporation, provide for the consideration to be received upon the exercise of the Award for each share of Stock subject to the Award to be
solely common stock of the successor corporation or its Parent or Subsidiary equal in fair market value to the per share consideration received by holders of Stock in the Acquisition. 
 7.3 Dissolution or Liquidation. Upon dissolution or liquidation of the Company, other than as part of an Acquisition or similar transaction, each
outstanding Option and Stock Appreciation Right shall terminate, but the Optionee or Stock Appreciation Right holder shall have the right, immediately prior to the dissolution or liquidation, to exercise the Option or Stock Appreciation Right to the
extent exercisable on the date of dissolution or liquidation. Upon dissolution or liquidation of the Company, other than as part of an Acquisition or similar transaction, each other outstanding Award shall be forfeited. 

 7.4 Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. In the
event of any corporate action not specifically covered by the preceding sections, including but not limited to an extraordinary cash distribution on Stock, a corporate separation or other reorganization or liquidation, the Committee may make such
adjustment of outstanding Awards and their terms, if any, as it, in its sole discretion, may deem equitable and appropriate in the circumstances. The Committee may make adjustments in the terms and conditions of, and the criteria included in, Awards
in recognition of unusual or nonrecurring events (including, without limitation, the events described in this Section 7.4) affecting the Company or the financial statements of the Company or of changes in applicable laws, regulations, or
accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the General Terms. 
 7.5 Related Matters. Any adjustment in Awards made pursuant to this Section 7 shall be determined and made, if at all, by the Committee and
shall include any correlative modification of terms, including of Option exercise prices, rates of vesting or exercisability, Risks of Forfeiture, applicable repurchase prices for Restricted Stock, and Performance Goals and other financial
objectives which the Committee may deem necessary or appropriate so as to ensure the rights of the Participants in their respective Awards are not substantially diminished nor enlarged as a result of the adjustment and corporate action other than as
expressly contemplated in this Section 7. No fraction of a share shall be purchasable or deliverable upon exercise, but in the event any adjustment hereunder of the number of shares covered by an Award shall cause such number to include a
fraction of a share, such number of shares shall be adjusted to the nearest smaller whole number of shares. No adjustment of an Option exercise price per share pursuant to this Section 7 shall result in an exercise price which is less than the
par value of the Stock. 
 8. Settlement of Awards 
 8.1 In General. Options and Restricted Stock shall be settled in accordance with their terms. All other Awards may be settled in cash, Stock, or other Awards, or a combination thereof, as determined by the
Committee at or after grant and subject to any contrary Award Agreement. The Committee may not require settlement of any Award in Stock pursuant to the immediately preceding sentence to the extent issuance of such Stock would be prohibited or
unreasonably delayed by reason of any other provision of the General Terms. 
 8.2 Violation of Law. Notwithstanding any other
provision of the General Terms or the relevant Award Agreement, if, at any time, in the reasonable opinion of the Company, the issuance of shares of Stock covered by an Award may constitute a violation of law, then the Company may delay such
issuance and the delivery of a certificate for such shares until (i) approval shall have been obtained from such governmental agencies, other than the Securities and Exchange Commission, as may be required under any applicable law, rule, or
regulation and (ii) in the case where such issuance would constitute a violation of a law administered by or a regulation of the Securities and Exchange Commission, one of the following conditions shall have been satisfied: 
 (a) the shares are at the time of the issue of such shares effectively registered under the Securities Act; or 

 (b) the Company shall have determined, on such basis as it deems appropriate (including an opinion of
counsel in form and substance satisfactory to the Company) that the sale, transfer, assignment, pledge, encumbrance or other disposition of such shares or such beneficial interest, as the case may be, does not require registration under the
Securities Act or any applicable State securities laws. 
 The Company shall make all reasonable efforts to bring about the occurrence of said events

 8.3 Corporate Restrictions on Rights in Stock. Any Stock to be issued pursuant to Awards granted under the General Terms shall be
subject to all restrictions upon the transfer thereof which may be now or hereafter imposed by the charter, certificate or articles, or by laws, of the Company. 
 8.4 Investment Representations. The Company shall be under no obligation to issue any shares covered by any Award unless the shares to be issued pursuant to Awards granted under the General Terms have been
effectively registered under the Securities Act, or the Participant shall have made such written representations to the Company (upon which the Company believes it may reasonably rely) as the Company may deem necessary or appropriate for purposes of
confirming that the issuance of such shares will be exempt from the registration requirements of the Securities Act and any applicable state securities laws and otherwise in compliance with all applicable laws, rules and regulations, including but
not limited to that the Participant is acquiring the shares for his or her own account for the purpose of investment and not with a view to, or for sale in connection with, the distribution of any such shares. 
 8.5 Registration. If the Company shall deem it necessary or desirable to register under the Securities Act or other applicable statutes any shares
of Stock issued or to be issued pursuant to Awards granted under the General Terms, or to qualify any such shares of Stock for exemption from the Securities Act or other applicable statutes, then the Company shall take such action at its own
expense. The Company may require from each recipient of an Award, or each holder of shares of Stock acquired pursuant to the General Terms, such information in writing for use in any registration statement, prospectus, preliminary prospectus or
offering circular as is reasonably necessary for that purpose and may require reasonable indemnity to the Company and its officers and directors from that holder against all losses, claims, damage and liabilities arising from use of the information
so furnished and caused by any untrue statement of any material fact therein or caused by the omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the
circumstances under which they were made. In addition, the Company may require of any such person that he or she agree that, without the prior written consent of the Company or the managing underwriter in any public offering of shares of Stock, he
or she will not sell, make any short sale of, loan, grant any option for the purchase of, pledge or otherwise encumber, or otherwise dispose of, any shares of Stock during the 180-day period commencing on the effective date of the registration
statement relating to the underwritten public offering of securities. Without limiting the generality of the foregoing provisions of this Section 8.5, if in connection with any underwritten public offering of securities of the Company the
managing underwriter of such offering requires that the Company’s directors and officers enter into a lock-up agreement containing provisions that are more restrictive than the provisions set forth in the preceding sentence, then (a) each
holder of shares of Stock acquired pursuant to the General Terms (regardless of whether such person has complied or complies with the provisions of 

 
clause (b) below) shall be bound by, and shall be deemed to have agreed to, the same lock-up terms as those to which the Company’s directors and
officers are required to adhere; and (b) at the request of the Company or such managing underwriter, each such person shall execute and deliver a lock-up agreement in form and substance equivalent to that which is required to be executed by the
Company’s directors and officers. 
 8.6 Placement of Legends; Stop Orders; etc. Each share of Stock to be issued pursuant to
Awards granted under the General Terms may bear a reference to the investment representation made in accordance with Section 8.4 in addition to any other applicable restriction under the General Terms, the terms of the Award and, if applicable,
to the fact that no registration statement has been filed with the Securities and Exchange Commission in respect to such shares of Stock. All certificates for shares of Stock or other securities delivered under the General Terms shall be subject to
such stock transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations, and other requirements of any stock exchange upon which the Stock is then listed, and any applicable federal or state securities law,
and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 
 8.7
Tax Withholding. Whenever shares of Stock are issued or to be issued pursuant to Awards granted under the General Terms, the Company shall have the right to require the recipient to remit to the Company an amount sufficient to satisfy
federal, state, local or other withholding tax requirements if, when, and to the extent required by law (whether so required to secure for the Company an otherwise available tax deduction or otherwise) prior to the delivery of any certificate or
certificates for such shares. The obligations of the Company under the General Terms shall be conditional on satisfaction of all such withholding obligations and the Company shall, to the extent permitted by law, have the right to deduct any such
taxes from any payment of any kind otherwise due to the recipient of an Award. However, in such cases Participants may elect, subject to the approval of the Committee, to satisfy an applicable withholding requirement, in whole or in part, by having
the Company withhold shares to satisfy their tax obligations. Participants may only elect to have shares withheld having a Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be imposed on the
transaction. All elections shall be irrevocable, made in writing, signed by the Participant, and shall be subject to any restrictions or limitations that the Committee deems appropriate. 
 9. Reservation of Stock 
 The Company shall at all times during the term of the General Terms and any
outstanding Awards granted hereunder reserve or otherwise keep available such number of shares of Stock as will be sufficient to satisfy the requirements of the General Terms (if then in effect) and the Awards and shall pay all fees and expenses
necessarily incurred by the Company in connection therewith. 

 10. Limitation of Rights in Stock; No Special Service Rights 
 A Participant shall not be deemed for any purpose to be a stockholder of the Company with respect to any of the shares of Stock subject to an Award,
unless and until a certificate shall have been issued therefor and delivered to the Participant or his agent. Any Stock to be issued pursuant to Awards granted under the General Terms shall be subject to all restrictions upon the transfer thereof
which may be now or hereafter imposed by the certificate of incorporation and the bylaws of the Company. Nothing contained in the General Terms or in any Award Agreement shall confer upon any recipient of an Award any right with respect to the
continuation of his or her employment or other association with the Company (or any Affiliate), or interfere in any way with the right of the Company (or any Affiliate), subject to the terms of any separate employment or consulting agreement or
provision of law or certificate of incorporation or by laws to the contrary, at any time to terminate such employment or consulting agreement or to increase or decrease, or otherwise adjust, the other terms and conditions of the recipient’s
employment or other association with the Company and its Affiliates. 
 11. Unfunded Status of General Terms 
 The General Terms is intended to constitute an “unfunded” plan for incentive compensation, and the General Terms is not intended to constitute
a plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended. With respect to any payments not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any rights that
are greater than those of a general creditor of the Company. In its sole discretion, the Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the General Terms to deliver Stock or payments with
respect to Options, Stock Appreciation Rights and other Awards hereunder, provided, however, that the existence of such trusts or other arrangements is consistent with the unfunded status of the General Terms. 
 12. Nonexclusivity of the General Terms 
 Neither the
adoption of the General Terms by the Board nor the submission of the General Terms to the stockholders of the Company shall be construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem
desirable, including without limitation, the granting of stock options and restricted stock other than under the General Terms, and such arrangements may be either applicable generally or only in specific cases. 
 13. Termination and Amendment of the General Terms 
 The Independent Board may at any time terminate the General Terms or make such modifications of the General Terms as it shall deem advisable. Unless the Independent Board otherwise expressly provides, no amendment of the General Terms shall
affect the terms of any Award outstanding on the date of such amendment. In any case, no termination or amendment of the General Terms may, without the consent of any recipient of an Award granted hereunder, adversely affect the rights of the
recipient under such Award. 

 The Committee may amend the terms of any Award theretofore granted, prospectively or retroactively,
provided that the Award as amended is consistent with the terms of the General Terms, but no such amendment shall impair the rights of the recipient of such Award without his or her consent. 
 14. Notices and Other Communications 
 Any notice,
demand, request or other communication hereunder to any party shall be deemed to be sufficient if contained in a written instrument delivered in person or duly sent by first class registered, certified or overnight mail, postage prepaid, or
telecopied with a confirmation copy by regular, certified or overnight mail, addressed or telecopied, as the case may be, (i) if to the recipient of an Award, at his or her residence address last filed with the Company and (ii) if to the
Company, at its principal place of business, addressed to the attention of its Chief Financial Officer, or to such other address or telecopier number or electronic mail address, as the case may be, as the addressee may have designated by notice to
the addressor. All such notices, requests, demands and other communications shall be deemed to have been received: (i) in the case of personal delivery, on the date of such delivery; (ii) in the case of mailing, when received by the
addressee; (iii) in the case of facsimile transmission, when confirmed by facsimile machine report; and (iv) in the case of electronic mail, when directed to an electronic mail address at which the receiving party has consented to receive
notice, provided, that such consent is deemed revoked if the sender is unable to deliver by electronic transmission two consecutive notices and such inability becomes known to the secretary or assistant secretary of the Company or to the
transfer agent, or other person responsible for giving notice. 
 15. Governing Law 
 The General Terms and all Award Agreements and actions taken thereunder shall be governed, interpreted and enforced in accordance with California law,
without regard to the conflicts of laws principles of such state.

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