SEC Contract Filing

Filing Date: 2017-10-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a17-22858_1ex10d1.htm
<DESCRIPTION>EX-10.1
<TEXT>

<html>
<head>

 </head>
<body link=blue lang="EN-US">
<div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.1<a name="Exhibit10_1_110407"></a></font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXECUTION VERSION</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;2, 2017</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">CONFIDENTIAL</font></u></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GenOn Energy,&nbsp;Inc. <br> 804 Carnegie Center<br> Princeton, NJ 08540-6213<br> Attention: Mark A. &#147;Mac&#148; McFarland</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Amended and Restated Backstop Commitment Letter</font></u></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ladies and Gentlemen:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Reference is made to (i)&nbsp;that certain Backstop Commitment Letter dated as of June&nbsp;12, 2017 and the first amendment thereto (as so amended, the &#147;Original Backstop Commitment Letter&#148;) and (ii)&nbsp;that certain Restructuring Support and Lock-Up Agreement, dated as of June&nbsp;12, 2017 and the first amendment thereto dated as of the date hereof (including any exhibits and schedules thereto, as so amended the &#147;<u>Restructuring Support Agreement</u>&#148;), by and among GenOn Energy,&nbsp;Inc. (now and as it may be reorganized under a joint chapter 11 plan of reorganization, &#147;GenOn&#148;), GenOn Americas Generation LLC (now and as it may be reorganized under a joint chapter 11 plan of reorganization, &#147;<u>GAG</u>&#148; and, collectively with GenOn and certain direct and indirect subsidiaries of GenOn, the &#147;<u>Debtors</u>&#148;), NRG Energy,&nbsp;Inc. and certain holders of notes issued by GenOn and GAG.&#160; Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Restructuring Support Agreement.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Debtors have filed voluntary cases (the &#147;<u>Chapter 11 Cases</u>&#148;) under title 11 of the United States Code, 11 U.S.C. &#167;&#167; 101-1532 (as now in effect or hereinafter amended, and the rules&nbsp;and regulations promulgated thereunder, the &#147;<u>Bankruptcy Code</u>&#148;), in the United States Bankruptcy Court in which the Chapter 11 Cases were commenced (together with any court with jurisdiction over such cases, the &#147;<u>Bankruptcy Court</u>&#148;). The Debtors have requested that certain holders of notes issued by GenOn and GAG that are members of the GenOn Steering Committee and the GAG Steering Committee and signatories hereto (individually, a &#147;<u>Backstop Party</u>&#148; and, collectively, the &#147;<u>Backstop Parties</u>&#148;) &#147;backstop&#148; the Exit Financing contemplated by the Restructuring Support Agreement. The term sheet attached as <u>Exhibit&nbsp;A</u> (the &#147;<u>Term Sheet</u>&#148;) sets forth the terms and conditions upon which the Backstop Parties are willing to &#147;backstop&#148; the Exit Financing.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Amended and Restated Backstop Commitment Letter (this &#147;<u>Commitment Letter</u>&#148;) hereby amends and restates the Original Backstop Commitment Letter in its entirety, and shall be effective upon the execution and delivery by GenOn, GAG, each Guarantor (as defined in the Term Sheet) and each Backstop Party of the signature pages&nbsp;attached hereto and the payment of the Backstop Fee to each Backstop Party, it being understood and acknowledged by the parties hereto that the Backstop Fee was previously paid to each Backstop Party.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade align="left" style="color:#010101;"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\108183\17-22858-1\task8592918\22858-1-ke-01.htm',