RRI Letterhead] April 9, 2009
Exhibit 2.2
[RRI Letterhead]
April 9, 2009
NRG Retail LLC
000 Xxxxxxxx Xxxxxx
Xxxxxxxxx, Xxx Xxxxxx 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx X. Xxxxxxxx
000 Xxxxxxxx Xxxxxx
Xxxxxxxxx, Xxx Xxxxxx 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx X. Xxxxxxxx
Re: Section 7.19(iv) of the MIPA
Dear Xx. Xxxxxxxx:
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 7.19(iv) 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 provisions set forth in Section 7.19(iv) of the MIPA, the Seller shall not
be required to, or be required to cause RE Supply to, either (x) terminate and shutdown its
membership with PJM or (y) transfer to an Affiliate (other than a Subject Company) of the Seller
its membership with PJM at or prior to the Closing. The Seller hereby represents that RE Supply
has provided the requisite termination notice to terminate and shutdown its membership with PJM on
April 1, 2009, a copy of which is attached hereto. However, such termination shall not be
effective until July 5, 2009 (the “PJM Termination Date”).
Notwithstanding any limitations in Section 10.3, the Seller hereby agrees to indemnify, defend
and hold harmless the Purchaser Indemnified Parties from and against any and all Losses actually
incurred by any of the Purchaser Indemnified Parties that arise out of any liability associated
with the RE Supply membership with PJM after the Closing Date and on or prior to the PJM
Termination Date; provided, however, that the Seller shall not be required to indemnify, defend or
hold harmless any Purchaser Indemnified Party from and against any such Losses that arise out of or
relate to any actions or activity by RE Supply or any Purchaser Indemnified Party after the Closing
Date.
Except as amended by the foregoing, the MIPA remains in full effect.
Xxxxxxx X. Xxxxxxxx
April 9, 2009
Page 2
April 9, 2009
Page 2
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.
Sincerely, RELIANT ENERGY, INC. |
||||
By: | /s/ Xxxxxxx X. Xxxxx | |||
Name: | Xxxxxxx X. Xxxxx | |||
Title: | Senior Vice President |
Accepted and agreed as of the date first written above:
NRG RETAIL LLC | ||||||
By: | /s/ Xxxxxxx X. Xxxxxxxx | |||||
Name: | Xxxxxxx X. Xxxxxxxx | |||||
Title: | Senior Vice President and | |||||
General Counsel – | ||||||
Vice President NRG Retail LLC |
Enclosure
cc: Xxxxxxxx X. Xxxxx (Xxxxxxxx & Xxxxx LLP)