0000916457-17-000101 Sample Contracts

CALPINE CORPORATION RESTRICTED STOCK AGREEMENT Pursuant to the 2017 Equity Incentive Plan
Restricted Stock Agreement • July 28th, 2017 • Calpine Corp • Electric services • Delaware

This Restricted Stock Agreement (“Agreement”), entered into on May 16, 2017 (the “Grant Date”), which is the date on which the Grant described below was approved by the Compensation Committee (the “Committee”) of the Board of Directors of Calpine Corporation between Calpine Corporation, a Delaware corporation (the “Company”), and John B. (Thad) Hill III, (the “Employee”). Except as otherwise provided herein, or unless the context clearly indicates otherwise, capitalized terms not otherwise defined herein shall have the same definitions as provided in the Plan.

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CALPINE CORPORATION NON-QUALIFIED STOCK OPTION AGREEMENT Pursuant to the 2017 Equity Incentive Plan
Non-Qualified Stock Option Agreement • July 28th, 2017 • Calpine Corp • Electric services • Delaware

OPTION granted on May 16, 2017 (the “Grant Date”) by Calpine Corporation, a Delaware corporation (the “Company”), to John B. (Thad) Hill III (the “Grantee”) pursuant to this Non-Qualified Stock Option Agreement (“Stock Option Agreement”).

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