Document:

ex10.1

 EXHIBIT 10.1
 STRATEGIC PARTNERSHIP AGREEMENT
 This Strategic Partnership Agreement (this “Agreement”) is made and entered into as of the 30th day of August, 2013 (the “Effective Date”), by and between New Generation Power, LLC (“NGP”), an Illinois registered limited liability company with its principal offices at 39 South LaSalle Street, Suite 600, Chicago, IL 60603; Blue Earth, Inc. (“BE”), a Nevada registered corporation with its principal offices at 2298 Horizon Ridge Pkwy, Suite 205, Henderson NV, 89052; and Talesun Solar USA, Ltd. (“TSUN”), a California registered company with its principal offices at 111 W. Saint John Street, Suite 900, San Jose, CA 95113. NGP, BE and TSUN are hereinafter sometimes referred to collectively as the “Parties” and individually as a “Party”.
 RECITALS
 WHEREAS, the Parties have decided to form a strategic partnership to utilize Seven (7) Megawatts (“MW”) worth of NGP’s ITC 1603 Cash-in-Lieu of Tax Credit grant Safe Harbored Talesun solar PV modules (hereinafter sometimes referred to as the “SH Modules”) to collectively build out approximately Forty-Seven (47) MW worth of solar PV projects;
 WHEREAS, the Parties will collaborate on the initial solar projects listed in Exhibit A: “Project Pipeline” to this Agreement;
 WHEREAS, NGP will be the developer on the solar projects, BE will be the Engineering, Procurement and Contraction (“EPC”) services provider, and TSUN will sometimes provide the balance of the non-Safe Harbored solar PV modules if it so chooses;
 WHEREAS, BE will loan to NGP an amount equal to $6,500,000 with the SH Modules as NGP’s security and BE will distribute the loan to NGP through a combination of a total of $1,000,000 in cash payments and in the form of issuing 1,833,333 shares of BE’s restricted common stock at $3.00 per share under the terms and structure as outlined in this Agreement.
 NOW, THEREFORE, for and in consideration of good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the Parties do hereby agree as follows:
 PRINCIPAL TERMS
 1. THE PRINCIPAL TERMS OF THIS AGREEMENT
 

 1.1.
 BE invest $6.5 million in solar projects as a loan secured by solar equipment.  The investment is through $1.0 million in cash and $5.5 million in shares of BE common stock (the “Shares”) valued and guaranteed at $3.00 per share.  See Exhibit F for details.
 1.2.
 The Shares will be sold subject to a Lock-Up agreement and may be redeemed at any time by BE for the $3.00 per share valuation.  See Exhibit F for details.
 1.3.
 NGP granted BE engineering, procurement and construction (“EPC”) rights to 47 MW of solar projects initially and additional 100 MW of EPC work on solar projects provided BE is performing on the initial EPC contracts.  See Exhibit F for details.
 

  
 

 
 
 1.4.
 Talesun committed to grant BE EPC on 18 MW of solar projects.  See Exhibit F for details.
 1.5.
 All EPC contracts will be on a cost plus basis with full transparency on costs, as the Parties will work together to minimize construction cost on the solar projects.  See Exhibit F for details.
 1.6.
 BE has the opportunity to provide construction financing.  See Exhibit F for details.
 2.
 OTHER TERMS
 2.1.
 Entire Agreement. This Agreement constitutes the entire understanding between the Parties with respect to the subject matter hereof, and all prior or contemporaneous agreements, understandings, representations and statements, oral or written, are merged into this Agreement. Neither this Agreement nor any provision hereof may be waived, modified, amended, discharged or terminated except by an instrument in writing signed by the Parties hereto.
 2.2.
 Survival. All covenants, agreements, representations, warranties, and obligations set forth in this Agreement shall survive the complete execution, delivery and performance of this Agreement.
 2.3.
 Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective (as applicable) heirs, executors, administrators, successors and assigns.
 2.4.
 Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction.
 2.5.
 Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument.
 2.6.
 Construction. The article, section and subsection headings used herein are inserted for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement. As used in this Agreement, the masculine, feminine or neuter gender, and the singular or plural, shall be deemed to include the others whenever and wherever the context so requires. This Agreement is the product of informed negotiations between and joint drafting of the Parties and their representatives, including counsel. In the event any ambiguity is found to exist in any provision of this Agreement, such ambiguity is not to be construed against any Party as the drafter of the document.
 2.7.
 Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of California, without giving effect to the choice of law principles thereof. Any action or proceeding arising out of or relating to this Agreement will be brought solely in the state or federal courts located in or for San Diego or San Jose counties. BE would accept New York as a backup.
 

 2
 

 
 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the Effective Date first above written.
 	 	
	 New Generation Power, LLC
 39 South LaSalle Street
 Suite 600
 Chicago, IL 60603
 

 /s/ Chirinjeev Kathuria
 Signature
 

 Dr. Chirinjeev Kathuria
 

 Chairman and President
 

 Date:  August 30, 2013
	 Blue Earth, Inc.
 2298 Horizon Ridge Pkwy
 Suite 205
 Henderson, NV 89052
 

 /s/ Johnny R. Thomas
 Signature
 

 Dr. Johnny R. Thomas
 

 CEO
 

 Date:  August 30, 2013

	 Talesun Solar USA Ltd.
 111 W. Saint John Street
 Suite 900
 San Jose, CA 95113
 

 /s/  Eric Ma
 Signature
 

 Name:  Eric MA
 

 Title:    General Manager
 

 Date:    August 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 3Exibit 10.1

CONFINDUSTRIA 
Monza e Brianza

MINUTES OF CONCILIATION TALKS WITH TRADE UNION

Sect. 2113, par. IV. e.c. in the modified text of article 6 of Act n. 533 dated 11.8.1973; sect. 411, codicils C.C.P. and successive amendments.

Today 26/07/2013, in Milan, at the headquarters of the Associazione Lombarda Dirigenti di Aziende Industriali (ALDAI) (Lombardy Association of Industrial Companies Executives).

Mrs.Cristiana Bertolotti and Mrs. Simonetta Galdini

In their capacity as Arbitrators of Trade Unions appointed respectively by Associazione Lombarda Dirigenti di Aziende Industriali (ALDAI) - Milan and Confindustria (Association of Italian Industries) Monza and Brianza - Monza 

Have initiated the tentative arbitration with Trade Unions between the Executive, Mrs. Antonella Mancuso, Italian Passport number AA5329310 expiring on 10/11/2019 (hereinafter the  "Executive") and Patheon Italia S.p.A. represented by Mr. Gabriele Ghinelli, Identification Card number 3410393AA issued on 19/04/2012 by Monza Municipality (MB) (hereinafter the "Company").

The Arbitrators

Once established the identity of the Parties, the capacity and the power to mediate the controversy under consideration, have beforehand notified the Parties of the effects of the conciliation with Trade Unions, the combination of provisions provided by section 2113, par. IV, as modified by the August 11, 1973 Act, n. 533; sec. 411, par., III C.C.P. and successive amendments.
The Arbitrators have, then, started the tentative amicable and definitive settlement of the controversy concerning the following:

-   Termination of the employment relationship.
The attempt was positive, so the Arbitrators have acknowledged that the Parties have reached a complete resolution of the controversy in the following terms:

WHEREAS

		
	a.
	The Executive has worked at the Company with that title since October 22,2001, and by the end with the following title President, Global Commercial Operations, and Chief Manufacturing Officer, according to the collective agreements for the executives in the industrial sector;

		
	b.
	On May 17, 2013 the Executive handed in her resignation effective on July 10, 2013;

		
	c.
	Afterwards, the Executive made claims on the Company regarding the incidence of the variable pay of the severance indemnity, the travel expenses and the indemnity for holidays not taken;

                                
/s/ GG        /s/ AM
/s/ SG        /s/ CB
                                    
                                    

                        

20900 Monza Viale Petrarca, 10 Telefono
039 3638,1 Fax 039 3638282 www.Qimb.it
 info@aimb.it

CONFINDUSTRIA 
Monza e Brianza

		
	d.
	The Company has contested these claims in their entirety;

		
	e.
	The Parties have decided to prevent any possible issue and/or dispute regarding the employment relationship and to amicably settle any possible controversy regarding the origin, the execution and the termination of the employment relationship, in the following terms and conditions.

Therefore, the Parties hereby agree and stipulate as follows:

		
	1.
	The preambles form an integral part of this contract.

		
	2.
	By signing the present agreement, the Parties confirm the termination of the employment relationship on July 10, 2013 for voluntary resignation of the Executive, with explicit and mutual renunciation of the non worked notice period and to the relative amount paid in lieu of notice.

		
	3.
	In relation to the termination of the employment relationship, the Company will pay to the Executive the following gross amounts:

* Euro 142,914.85 (One hundred forty-two thousand nine hundred and forteen/85Euro) for holidays not taken, according to the Company's records (hereinafter, referred to as the "Holidays");
		
	*
	Euro 77,176.02 (Seventy-seven thousand one hundred and seventy-six/02 Euro) as severance pay, according to the Company's records (hereinafter, referred to as the "Severance");

		
	*
	Euro 90,000.00 (ninety thousand/00 Euro) as integration of the Severance, as per Article 12 of Act n. 153 dated April 30, 1969 and modified by Article 6 of Law Decree n. 314 dated September 2, 1997 (hereinafter, referred to as the 'Incentive").

		
	*
	Euro 10.000,00 (Ten thousand/00 Euro) for settlement and novation purposes and only against renunciation from the Executive to her claims against the Company and all renunciations, declarations and promises of said Executive as per point 7. herebelow (hereinafter referred to as the "Compensation as final settlement").

		
	4.
	The net sum equivalent to Holidays and the net sum equivalent to the Severance pay will be paid according to the law, while the net sum equivalent to the Incentive and to the Compensation as final settlement will be paid to the Executive by bank transfer within 10 (ten) business days from the signing of this agreement with the bank data already in possession of the Company.

		
	5.
	The Executive declares she has already given back all properties belonging to the Company including but not limited to software, keys, access cards, credit cards, files and any other document (including the computer data and the copies of any computer or software data) containing information regarding the Company, its activities or its business relations.

		
	6.
	The Executive undertakes not to issue slanderous declarations against the Company or any other company of the Patheon Group and/or its officers, executives, shareholders, employees or agents of the Company or group. The Executive undertakes, also, not to start any legal action, and to not behave in such a way as to negatively weighing on the reputation or starting of a new Company or of any company of the Group and/or its officers, executives, shareholders, employees or agents of the Company or group. The Company undertakes similar committments (for the purpose of this article we mean its officers, executives, shareholders, employees or agents who have the power to represent it), with the Executive, except for what it is contained at point 8.

/s/ GG        /s/ AM
/s/ SG        /s/ CB

    

20900 Monza Viale Petrarca, 10 Telefono
039 3638,1 Fax 039 3638282 www.Qimb.it
 info@aimb.it

CONFINDUSTRIA 
Monza e Brianza

		
	7.
	With the correct fulfillment of everything contained in this agreement, the Executive declares of always having being totally satisfied of any dues and rights and waives against the Company, with the Company approval, and against any company of the Patheon Group and/or its officers, executives, shareholders, employees or agents of the Company or group, any claim or action connected, attributable to or caused by the execution or termination of the employment relationship and from any current relationship of any nature that took place betweeen the Parties.

As a non exhaustive example, the waiver includes possible requests or claims for:
		
	*
	More compensation, arrear compensation, social security contributions, rewards, bonuses, travelling expenses, a different quantification of the holidays not taken compensation, any other possible compensation and remuneration of any kind;

		
	*
	Incidence of payment of remuneration paid in any form, in cash or kind, on statutory and company obligations, indirect or deferred, including the incidence of the variable severance pay;

		
	*
	Compensation of extra-contractual and/or non patrimonial damages according to articles 2043, 2087, 2103 and 2116, second paragraph of the Civil Code, including moral and biological damages;

*Any reimbursement of expenses.
The accounting verification of the severance pay and the protection of the Executive according to Art. 15 of CCNL (National Collective Bargaining Agreement) are excluded.
		
	8.
	The Company, in return, even on behalf of any other company of the Patheon Group, waives against the Executive and she accepts, any claim connected, attributable to or caused by the execution or termination of the employment relationship and by the conduct of the Executive, except in the case of wilful misconduct or gross negligence.

		
	9.
	Moreover, the Executive undertakes to maintain confidential and not to divulge to a third party any information or data that are not already of public knowledge regarding the activities of the Company or the Pantheon Group and that the Executive acquired during the performance of the employment relationship or in conjunction with it.

Moreover, the Executive undertakes to maintain confidential and not to divulge the content of this agreement.
		
	10.
	It is understood that the terms of this agreement are offered by the Company without aknowledgement of any responsibility and the Executive undertakes to accept, at time of payment of what was agreed in this agreement, these conditions as full and definitive settlement of any existing request or claim.

		
	11.
	With the execution of this agreement and with the fulfilment of the obligations herein included, the Parties state that they do not have anything else to expect from each other for any reason or cause whatsoever even for reasons not mentioned in this agreement.

		
	12.
	The signing of this agreement is also to validate this resolution with Trade Unions, according to par. 17 of art. 4 of Act 92/2012, as aknowledged by the Accordo Interconfederale Confindustria e Federmanager  dated September 18, 2012.

The Parties have received, according to the law, the information on the utilization of their personal data herein contained and that are subject of processing by Confindustria Monza and Brianza and ALDAI Milan within the scope of their distinctive legal and institutional objectives,

                                    
/s/ GG        /s/ AM
/s/ SG        /s/ CB

                                    

20900 Monza Viale Petrarca, 10 Telefono
039 3638,1 Fax 039 3638282 www.Qimb.it
 info@aimb.it

CONFINDUSTRIA 
Monza e Brianza

Milan,July 26, 2013

Read, confirmed and signed

PATHEON ITALIA SPA                    LA DIRIGENTE
Gabriele Ghinelli                    Antonella Mancuso
/s/ Gabriele Ghinelli                           /s/ Antonella Mancuso   

 
CONFINDUSTRIA                    ASSOCIAZIONE LOMBARDA DIRIGENTI
MONZA BRIANZA                    DI AZIENDE INDUSTRIALI (ALDAI) MILANO
Simonetta Galdini                    Cristiana Bertolotti
/s/ Simonetta Galdini                      /s/ Cristiana Bertolotti    

Certification: the above specified Trade Unions representatives certify, after having done the identification, that the signatures of the Parties are autograph.
CONFINDUSTRIA                     ASSOCIAZIONE LOMBARDA DIRIGENTI DI
MONZA E BRIANZA                     AZIENDE INDUSTRIALI (ALDAI) MILANO
Simonetta Galdini                      Cristiana Bertolotti
/s/ Simonetta Galdini                      /s/ Cristiana Bertolotti
    

20900 Monza Viale Petrarca, 10 Telefono
039 3638,1 Fax 039 3638282 www.Qimb.it
 info@aimb.it

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00221-of-00352.parquet"}]]