Demand and market prices for electricity, purchased power and fuel and emission allowances
EX-2.1 2 c84720exv2w1.htm EXHIBIT 2.1 Exhibit 2.1
Exhibit 2.1
[RRI Letterhead]
March 24, 2009
NRG Retail LLC
211 Carnegie Center
Princeton, New Jersey 08540
Facsimile: 609 ###-###-####
Attention: Michael R. Bramnick
211 Carnegie Center
Princeton, New Jersey 08540
Facsimile: 609 ###-###-####
Attention: Michael R. Bramnick
Re: Section 7.11 of the MIPA
Dear Mr. Bramnick:
Reference is made to that certain LLC Membership Interest Purchase Agreement, dated as of February 28, 2009 (the MIPA), by and between Reliant Energy, Inc. (the Seller) and NRG Retail LLC (the Purchaser). Each of the Seller and the Purchaser is referred to herein individually as a Party and collectively as the Parties. This letter agreement (this Letter Agreement) sets forth the agreement between the Parties regarding certain modifications of the obligation of the Seller under Section 7.11 of the MIPA. Capitalized terms used but not defined herein shall have the meaning given such terms in the MIPA.
The Parties hereby agree as follows:
Notwithstanding the last sentence of Section 7.11 of the MIPA, the Seller shall not be required to include in the proxy statement for its 2009 annual meeting of shareholders a proposal to amend the Sellers Third Restated Certificate of Incorporation to change the name of the Seller. The Seller hereby agrees that as soon as practicable following the Closing, and in any event within three Business Days following the Closing, pursuant to Section 253(b) of the Delaware General Corporation Law it shall effectuate a change in the name of the Seller in accordance with Section 7.11 of the MIPA.
Except as amended by the foregoing, the MIPA remains in full effect.
This Letter Agreement may executed and delivered (including via facsimile) in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement.
If the foregoing correctly states our understanding and agreement, kindly acknowledge and return this Letter Agreement to the attention of the undersigned.
[Signature Page follows.]
Sincerely, RELIANT ENERGY, INC. | ||||
By: | /s/ Michael L. Jines | |||
Name: | Michael L. Jines | |||
Title: | Senior Vice President |
Accepted and agreed as of the date first written above:
NRG RETAIL LLC | ||||||
By: | /s/ Christopher S. Sotos | |||||
Name: | Christopher S. Sotos | |||||
Title: | President |
cc: Mitchell F. Hertz (Kirkland & Ellis LLP)
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