Agreement for Restructuring Services Sample Contracts

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Agreement for Restructuring Services • March 14th, 2007 • Calpine Corp • Electric services • New York

This letter outlines the understanding (“Agreement”) between AP Services LLC, a Michigan limited liability company (“APS”) and Calpine Corporation (the “Company”) of the objectives, tasks, work product and fees for the engagement of APS that will provide Lisa Donahue as a Managing Director to lead a project whereby APS will provide financial services to the Company, reporting to you in your role as President and Chief Executive Officer. The letter supersedes in its entirety the agreement dated November 29, 2005 between APS and the Company.

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November 3, 2006 Robert May Calpine Corporation 50 West San Fernando Street San Jose, CA 95113 Re: Agreement for Restructuring Services
Agreement for Restructuring Services • March 14th, 2007 • Calpine Corp • Electric services

This letter is the first amendment of the Agreement dated December 17, 2005 (the “Agreement”), between AP Services LLC, a Michigan limited liability company (“APS”) and Calpine Corporation (“Calpine” or the “Company”). Unless otherwise modified herein, the terms and conditions of the Agreement remain in full force and effect.

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