Closing Date Amount
Section 2.02(b)
First Closing Working Capital
Section 1.03(a)
FTC
Section 5.05(c)
Fundamental Representations
Section 9.04(b)
GAAP
Section 1.03(d)
Governmental Entity
Section 3.03
Hazardous Materials
Section 9.04(b)
HSR Act
Section 6.01
including
Section 9.04(b)
Indebtedness
Section 9.04(b)
Indemnified Party
Section 8.05(a)
Indemnifying Party
Section 8.05(a)
Intellectual Property
Section 9.04(b)
Interim Balance Sheet
Section 3.05(a)
Judgment
Section 3.02
Knowledge
Section 9.04(b)
Leased Property
Section 3.08(a)
Lien
Section 9.04(b)
Lock-up Agreements
Section 9.04(b)
Losses
Section 8.01(a)
Management Shareholders
Section 9.04(b)
Material Interest
Section 9.04(b)
Notice of Disagreement
Section 1.03(b)
Ordinary Course of Business
Section 9.04(b)
Other Bid
Section 5.02(a)
Other Filings
Section 9.04(b)
Outside Date
Section 7.01(a)(ii)
Pension Plan
Section 3.18(a)
Permits
Section 3.13(a)
Permitted Lien
Section 9.04(b)
Person
Section 9.04(b)
Personnel
Section 3.09(c)
Plant Purchase Price
Section 1.02(e)
Preferred Stock Purchase Price
Section 1.01
Proceeding
Section 9.04(b)
Proxy Statement
Section 5.15(c)
Purchased Common Shares
Recitals
Purchased Preferred Shares
Recitals
Purchased Shares
Recitals
Purchaser
Preamble
Purchaser Indemnitees
Section 8.01(a)
Purchaser Material Adverse Effect
Section 9.04(b)
Related Person
Section 9.04(b)
Release
Section 9.04(b)
Representative
Section 9.04(b)
Required Reserve Amount
Section 5.13(a)
Rights
Section 3.02(a)
Sarbanes-Oxley Act
Section 3.05(e)
SEC
Section 3.02(c)
SEC Reports
Section 3.29
Second Closing
Section 2.03
Second Closing Date
Section 2.03
Securities Act
Section 3.28
Shares
Section 9.04(b)
Shareholder Approval
Section 9.04(b)
Shareholder Meeting
Section 9.04(b)
Shenzhen Plant Assets
Section 1.02(a)
Special Committee
Section 9.04(b)
Statement
Section 1.03(a)
Subsidiary
Section 9.04(b)
Superior Other Bid
Section 5.02(a)
Target Working Capital
Section 1.03(c)
Tax
Section 9.04(b)
Tax Return
Section 9.04(b)
Taxing Authority
Section 9.04(b)
Termination Fee
Section 7.03(a)
Technology
Section 9.04(b)
Third Party Claim
Section 8.05(a)
Trading Market
Section 9.04(b)
Transactions
Section 1.01
Transferable Permits
Section 1.02(a)
Voting Company Debt
Section 3.02(a)
-vi-
INDEX OF DEFINED TERMS
(Continued)
Welfare Plan
Section 3.18(a)
Working Capital
Section 1.03(d)
-vii-
STOCK PURCHASE AGREEMENT
STOCK PURCHASE AGREEMENT (this "Agreement") dated January 5, 2011, between
Solar Power, Inc., a California corporation with headquarters located at 1115
Orlando Avenue, Roseville, California 95661 (the "Company"), and LDK Solar Co.,
Ltd., a company incorporated under the laws of Cayman Islands (the "Purchaser").
RECITALS
A. The Company desires to issue and sell to the Purchaser, and the
Purchaser desires to purchase, upon the terms and conditions stated in this
Agreement, (i) an aggregate of 20,000,000 shares of Series A Preferred Stock,
par value $0.0001 per share, with rights, preferences and privileges as set
forth in the Certificate of Determination for such Series A Preferred Stock
attached as Exhibit A hereto (the "Purchased Preferred Shares") and (ii) an
aggregate of 42,835,947 shares of Common Stock of the Company (the "Purchased
Common Shares", and together with the Purchased Preferred Shares, the "Purchased
Shares"). The Purchased Preferred Shares are convertible into shares of common
stock, par value $0.0001 per share, of the Company (the "Common Stock"). The
Purchased Common Shares, when issued, will constitute approximately 44.9% of the
issued and outstanding Common Stock of the Company and, together with the
Purchased Preferred Shares, will constitute 70% of the Company's issued