Document:

EX-10.1

 Exhibit 10.1 

SERIES J SUBSCRIPTION AGREEMENT 

THIS SERIES J SUBSCRIPTION AGREEMENT (as may be amended or modified from time to time in accordance with the terms hereof, this
“Agreement”) is entered into on November 14, 2014, by and among LIGHTING SCIENCE GROUP CORPORATION, a Delaware corporation (the “Company”) and the person(s) (the
“Purchasers”) listed on the Schedule of Purchasers attached as Exhibit A (the “Schedule of Purchasers”). 

WHEREAS, on September 11, 2013, the Company authorized a series of preferred shares designated the “Series J Convertible
Preferred Stock” (“Preferred Shares”), which are convertible into shares of common stock, $0.001 par value per share, of the Company (“Common Stock”). 

WHEREAS, the terms and conditions of the Preferred Shares are governed in accordance with the Amended and Restated Series J Certificate
of Designation attached hereto as Exhibit B (the “Series J Certificate of Designation”); 
 WHEREAS,
the Company desires to sell to each Purchaser, and each Purchaser desires to buy from the Company, the number of units of the Company’s securities (the “Series J Securities”) set forth opposite such Purchaser’s name
on the Schedule of Purchasers at a purchase price of $1,000 per Series J Security. Each Series J Security shall consist of (i) one Preferred Share and (ii) a warrant to purchase 2,650 shares of Common Stock (the “Series J
Warrants”) on the terms set forth in the form of warrant attached hereto as Exhibit C. 
 WHEREAS, the Company is
authorized to sell: (i) 30,000 Series J Securities in a series of transactions commencing August 14, 2014 and ending on or before December 31, 2014 to purchasers designated by the Chief Executive Officer, Chief Financial Officer
or Secretary of the Company and (ii) such number of additional Series J Units as are purchased pursuant to Section 14 of each of the Series H Certificate of Designation, the Series I Certificate of Designation and the
Series J Certificate of Designation as a result of the sale of the Series J Securities to be issued as described in clause (i) above (such issuances described in clause (i) and (ii) above being collectively referred to as
the “Series J Securities Offering”) 
 WHEREAS, the Company has previously issued and sold 8,000 of the
30,000 Series J Securities authorized to be sold in the Series J Securities Offering pursuant to that certain Series J Subscription Agreement, dated August 14, 2014, by and among the Company and the Purchasers parties thereto. 

WHEREAS, certain capitalized terms as used herein shall have the meaning set forth in Section 5(a) hereof. 

NOW, THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto hereby agree as follows: 

 1. Purchase and Sale of Purchased Securities. 

(a) Payment for Securities; Delivery of Certificates. Subject to the provisions of this Agreement, and relying upon the
representations, warranties and covenants set forth herein, each Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to each Purchaser, the number of Series J Securities set forth opposite such
Purchaser’s name on the Schedule of Purchasers (the “Purchased Securities”), free and clear of all Liens (other than restrictions on transfer or Liens under applicable state and federal securities Laws and, with respect
to the Purchased Shares (as defined below), pursuant to the Series J Certificate of Designation), for a purchase price of $1,000 per Series J Security for an aggregate consideration equal to the total consideration set forth opposite such
Purchaser’s name on the Schedule of Purchasers (the “Purchase Price”), which shall be paid in United States dollars. 

(b) Closing. 

(i) The purchase, sale and issuance of the Purchased Securities shall take place at one or more closings (each of which is
referred to in this Agreement as a “Closing”). The initial closing (the “Initial Closing”) shall occur concurrently with the execution hereof. Subject to the terms and conditions of this Agreement, the
Company may sell and issue Series J Securities at a price per Series J Security no less than $1,000 at one or more subsequent closings (each, a “Subsequent Closing”), to such Persons (the “Additional
Purchasers”) as may be approved by the Company. All such sales made at any Subsequent Closing shall be made on the terms and conditions set forth in this Agreement, the representations and warranties of the Company set forth in
Section 2 hereof shall speak as of such Subsequent Closing (and Schedule 2(d) shall speak as of the Business Day immediately preceding such Subsequent Closing), and the representations and warranties of the Additional Purchasers in
Section 3 hereof shall speak as of such Subsequent Closing. The Schedule of Purchasers may be amended by the Company without the consent of the Purchasers to include any Additional Purchasers upon the execution by such Additional
Purchasers of a counterpart signature page hereto. Any Series J Securities sold pursuant to this Section 1(b)(i) shall be deemed to be “Purchased Securities” for all purposes under this Agreement and any
Additional Purchasers thereof shall be deemed to be “Purchasers” for all purposes under this Agreement. Such Persons shall, upon execution and delivery of a signature page hereto, become parties to, and be bound by, this
Agreement without the need for an amendment to this Agreement except to add such Person’s name to the Schedule of Purchasers, and shall have the rights and obligations hereunder as of the date of the applicable Subsequent Closing. 

(ii) At the Closing: (i) each Purchaser shall transmit, or cause to be transmitted, by wire transfer of immediately
available funds to the Company, in accordance with the wire transfer instructions attached hereto as Annex A an amount equal to such Purchaser’s Purchase Price; (ii) the Company will deliver to each Purchaser certificates
representing such Purchaser’s Preferred Shares (the “Purchased Shares”) and Series J Warrants (the “Purchased Warrants”), registered in the name of each Purchaser in such denominations as such
Purchaser shall request; (iii) each Purchaser shall deliver to the Company each of the Transaction Documents to which such Purchaser is a party, duly executed by such Purchaser, as applicable; (iv) the Company shall deliver or cause to be
delivered 

  
 2 

 
to each Purchaser each of the Transaction Documents to which the Company and such Purchaser is a party, duly executed by each party thereto other than such Purchaser; (v) the Company shall
cause to be delivered to each Purchaser an opinion of Haynes and Boone, LLP, counsel for the Company, in the form attached hereto as Exhibit D and (vi) with respect to the Initial Closing only, the Company shall cause to be
delivered to each Purchaser an opinion of Morris, Nichols, Arsht & Tunnel, LLP, Delaware counsel for the Company, in the form attached hereto as Exhibit E. 

(c) Use of Purchase Price. The proceeds of the aggregate Purchase Price paid all Purchasers shall be used by the Company
for general corporate purposes. 
 2. Company Representations and Warranties. The Company hereby represents and warrants to each
Purchaser as of the date hereof as follows:  
 (a) The Company is a corporation duly incorporated, validly existing
and in good standing under the Laws of the State of Delaware and has the requisite corporate power to carry on its business as presently conducted. The Company is duly qualified to do business as a foreign entity and in good standing in each state
or country, if any, in which failure to be so qualified would, individually or in the aggregate, have or reasonably be expected to have a Material Adverse Effect. 

(b) The Company has the requisite corporate power and authority to execute, deliver and perform its obligations under the
Transaction Documents and all other instruments, documents and agreements contemplated or required by the provisions of any of the Transaction Documents to be executed, delivered or carried out by the Company hereunder. The Purchased Securities have
been duly authorized and, when issued, sold, and delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be validly issued, fully paid and nonassessable. 

(c) This Agreement constitutes the legal, valid and binding obligation of the Company, enforceable in accordance with its
terms, and the execution, delivery and performance of this Agreement by the Company does not and will not conflict with, violate or cause a breach of any Contract to which the Company is a party or any Order to which the Company is subject. 

(d) Schedule 2(d) attached hereto sets forth, a true, complete and correct listing, as of November 14, 2014, of all of the
Company’s outstanding (i) shares of Common Stock and (ii) securities convertible into or exchangeable for shares of Common Stock (the “Derivative Securities”), including the applicable exercise price of such
Derivative Securities, other than any Derivative Securities issued pursuant to the Company’s Amended and Restated Equity-Based Compensation Plan or the Company’s 2011 Employee Stock Purchase Plan (the “Management
Equity”). Except as set forth in Schedule 2(d) and except for any Management Equity, the Company has no other outstanding equity securities. 

  
 3 

 (e) (i) As of its filing date, the Form 10-K filed by the Company with the
SEC on March 31, 2014, the Form 10-Q filed by the Company with the SEC on August 14, 2014, the Form 10-Q filed by the Company with the SEC on November 14, 2014 and, if applicable, each
subsequent Form 10-Q filed by the Company with the SEC prior to the date of any Subsequent Closing (such filings, collectively, the “Company SEC Documents”) complied in all material respects with the applicable requirements
of the 1933 Act, the 1934 Act, and the Sarbanes-Oxley Act of 2002, as the case may be, including, in each case, the rules and regulations promulgated thereunder. 

(ii) Except to the extent that information contained in the Company SEC Documents has been revised or superseded by a document
the Company subsequently filed with the SEC, the Company SEC Documents do not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in
light of the circumstances under which they were made, not misleading. 
 (iii) The financial statements (including the
related notes thereto) included in the Company SEC Documents comply as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto, have been prepared in accordance
with GAAP applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto) and fairly present in all material respects the consolidated financial position of the Company and its Subsidiaries as of the dates
thereof and their respective consolidated results of operations and cash flows for the periods then ended, all in accordance with GAAP and the applicable rules and regulations promulgated by the SEC. Since August 14, 2014, the Company has not
made any change in the accounting practices or policies applied in the preparation of its financial statements, except as required by GAAP, the rules of the SEC or policy or applicable Law. 

(iv) Subsequent to the filing of the Company SEC Documents with the SEC, there has been no material and adverse change or
development, or event involving such a prospective change, in the condition, business, properties or results of operations of the Company and its Subsidiaries. 

(f) Subject to the accuracy of the Purchasers’ representations and warranties in Section 3, the offer and sale
of the Purchased Securities by the Company to each Purchaser pursuant to and in the manner contemplated by this Agreement will be exempt from the registration requirements of the 1933 Act. 

(g) The Company agrees and acknowledges that the Purchased Securities to be acquired pursuant to this Agreement are subject to
the Registration Rights Agreements and that all Conversion Shares issuable to Purchasers shall be deemed “Registrable Securities” pursuant to the Registration Rights Agreement. 

(h) Except to the extent waived or otherwise cured in accordance with the terms thereof, the Company has complied in all
material respects with the covenants set forth in that certain Term Loan Agreement by and among the Company, the lenders party thereto, and Medley Capital Corporation, as administrative agent for the lenders party thereto and that certain Loan and
Security Agreement by and among the Company, BioLogical Illumination, LLC, the financial institutions from time to time party thereto as 

  
 4 

 
lenders, and FCC, LLC (collectively, the “Debt Facilities”). Immediately prior to and immediately following the consummation of the transactions contemplated hereby, the
Company will be in compliance in all material respects with the covenants set forth in the Debt Facilities. 
 3. Purchaser
Representations and Warranties. Each Purchaser, severally and not jointly, represents and warrants with respect to itself to the Company as of the date hereof as follows: 

(a) Such Purchaser has the full power and authority to execute and deliver this Agreement and to perform all of its obligations
hereunder and thereunder, and to purchase, acquire and accept delivery of the Purchased Securities. 
 (b) The Purchased
Securities are being acquired for such Purchaser’s own account and not with a view to, or intention of, distribution thereof in violation of the 1933 Act, or any applicable state securities Laws. 

(c) Such Purchaser is knowledgeable in financial matters and is able to evaluate the risks and benefits of an investment in the
Purchased Securities. Such Purchaser understands and acknowledges that such investment is a speculative venture, involves a high degree of risk and is subject to complete risk of loss. Such Purchaser has carefully considered and has, to the extent
such Purchaser deems necessary, discussed with such Purchaser’s professional legal, tax, accounting and financial advisers the suitability of its investment in the Purchased Securities. 

(d) Such Purchaser is able to bear the economic risk of its investment in the Purchased Securities for an indefinite period of
time because the Purchased Securities have not been registered under the 1933 Act and, therefore, cannot be sold unless subsequently registered under the 1933 Act or an exemption from such registration is available. Such Purchaser:
(i) understands and acknowledges that the Purchased Securities being issued to such Purchaser have not been registered under the 1933 Act, nor under the securities Laws of any state, nor under the Laws of any other country and
(ii) recognizes that no public agency has passed upon the accuracy or adequacy of any information provided to such Purchaser or the fairness of the terms of its investment in the Purchased Securities. 

(e) Such Purchaser has had an opportunity to ask questions and receive answers concerning the terms and conditions of the
offering of the Purchased Securities and has had full access to such other information concerning the Company as has been requested. 

(f) This Agreement constitutes the legal, valid and binding obligation of such Purchaser, enforceable against such Purchaser in
accordance with its terms, and the execution, delivery and performance of this Agreement by such Purchaser does not and will not conflict with, violate or cause a breach of any Contract to which such Purchaser is a party or any Order to which such
Purchaser is subject. 

  
 5 

 (g) Such Purchaser became aware of the offering of the Purchased Securities other
than by means of general advertising or general solicitation. 
 (h) Such Purchaser is an “accredited
investor” as that term is defined under the 1933 Act and Regulation D promulgated thereunder, as amended by Section 413 of the Private Fund Investment Advisers Registration Act of 2010 and any applicable rules or regulations
or interpretations thereof promulgated by the SEC or its staff. 
 (i) Such Purchaser acknowledges that the certificates for
the Purchased Shares will contain a legend substantially as follows: 
 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF ANY STATE. THE SECURITIES MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR
PURSUANT TO AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH LAWS.” 
 Subject to any lock-up or other
similar agreement that may apply to the Purchased Shares as may be specifically agreed to with an applicable Purchaser, the requirement that the Purchased Shares contain the legend set forth in clause (i) above shall cease and terminate when
such shares are transferred pursuant to Rule 144 promulgated under the 1933 Act. Upon the consummation of an event described in the immediately preceding sentence, the Company, upon surrender of certificates containing such legend, shall, at its own
expense (without the need for any opinion of counsel for a Purchaser), deliver to the holder of any such securities as to which the requirement for such legend shall have terminated, one or more new certificates evidencing such securities not
bearing such legend. 
 (j) Each Purchaser holding 20% or more of the Company’s voting equity securities (as used in Rule 506(d)(1) of
the 1933 Act) represents that neither (i) such Purchaser, (ii) any of its directors, executive officers, other officers that may serve as a director or officer of any company in which it invests, general partners or managing members, nor
(iii) any beneficial owner of the Company’s voting equity securities (in accordance with Rule 506(d) of the 1933 Act) held by such Purchaser is subject to any Disqualification Event, except for Disqualification Events covered by Rule
506(d)(2) or (d)(3) under the 1933 Act and disclosed reasonably in advance of the Closing in writing in reasonable detail to the Company. 

4. Additional Agreements. 

(a) Purchaser Covenant. Each Purchaser agrees, severally and not jointly as to itself, not to make any sale, transfer or
other disposition of the Purchased Securities in violation of the 1933 Act, the 1934 Act, the rules and regulations promulgated thereunder or any applicable securities Laws. 

(b) Tax Provision. The Company and each Purchaser intend that for U.S. federal, state and local income tax purposes, the
Purchased Securities will be treated as equity. 

  
 6 

 (c) Terms of the Preferred Shares. Each of the parties hereto acknowledges
that the Preferred Shares shall have the powers, preferences and rights, and be subject to the qualifications, limitations or restrictions set forth in the Series J Certificate of Designation. 

(d) Certain Actions. Promptly following the date hereof, the Company shall take all actions required to promptly prepare
and file any required notice of exempt offering of securities, including a Form D, with the SEC pursuant to the 1933 Act and/or other comparable form with state securities regulators with respect to any applicable “blue sky” laws, in each
such case, with respect to the transactions contemplated hereby. 
 (e) U.S. Real Property Holding Corporation Status.
So long as any Purchaser beneficially owns any Purchased Shares or any shares of Common Stock issued upon conversion thereof or upon exercise of the Purchased Warrant, the Company shall not become a U.S. real property holding corporation within the
meaning of Section 897 of the Code. 
 (f) Preemptive Rights. Promptly following consummation of the transactions
contemplated by clause (i) of the definition of “Series J Securities Offering,” the Company shall deliver an Issuance Notice (as defined in the Certificates of Designation) to the holders of the Company’s outstanding shares of
Series H Convertible Preferred Stock, the holders of the Company’s outstanding shares of Series I Convertible Preferred Stock and the holders of the Company’s outstanding Preferred Shares and each such holder shall thereafter have the
right, in accordance with Section 14 of the Certificates of Designation (as applicable) to purchase at least a “pro rata share” (as such term is defined in the applicable Certificate of Designation) of the aggregate amount of Series J
Securities issued pursuant to clause (i) of the definition of “Series J Securities Offering,” (such offering, the “Preemptive Rights Offering”). Each Purchaser (i) hereby expressly and irrevocably waives
any rights pursuant to the Certificates of Designation to purchase any Series J Securities in connection with the Preemptive Rights Offering with respect to the Series J Securities purchased by it hereunder and (ii) hereby expressly agrees that
the amount of Series J Securities such Purchaser may acquire pursuant to any rights to acquire such securities under the Certificates of Designations shall be reduced by the amount of Series J Securities purchased by it hereunder. 

(g) Information Rights. For so long as a Purchaser continues to beneficially own, together with its Affiliates, in the
aggregate, at least 10,000 Preferred Shares (or the equivalent amount of Conversion Shares), during normal business hours, the Company shall provide to such Purchaser or its designated representative, to the extent not prohibited by Law or any
applicable rules or regulations, with (1) reasonable access to customary information, access and inspection rights, including delivering to such Purchaser such financial, management and operating reports and information reasonably requested by
such Purchaser, including all such information as required for customary reporting to the limited partners of such Purchaser ’s Affiliates and for tax reporting purposes, (2) copies of all materials provided to the Company’s board of
directors (“Board”) and (3) reasonable access during normal business hours to the officers of the Company with knowledge of the material business and affairs of the Company, including, without limitation, management
personnel and compensation of employees, new products 

  
 7 

 
or new lines of business, significant research and development programs, proposed commencement or compromise of significant litigation, purchasing or selling or creation or loss of important
trademarks, licenses or concessions; provided, however, that the Company shall not be required to violate any written obligation of confidentiality to which the Company is subject or to waive any privilege which it may possess in
discharging their obligations pursuant to this Section 4(g). Such Purchaser hereby agrees that such access, information and inspection rights shall be conducted in a manner so as to not, and the Company’s obligations to respond
thereto shall not, interfere unreasonably with the operations of the Company. 
 (h) Board Observer Rights. For so
long as a Purchaser continues to beneficially own, together with its Affiliates, in the aggregate, at least 10,000 Preferred Shares, as adjusted for any reclassification pursuant to the Series J Certificate of Designation (a
“Reclassification”), (or the equivalent number of Conversion Shares, as adjusted for any Reclassification thereof), the right to (1) designate one non-voting board observer that will be entitled to attend all meetings of
the Board and meetings of committees of the Board (other than the Audit Committee, Committee of Independent Directors, or any other committee comprised solely of directors who are deemed “independent directors” by the Board) (the
“Observer Committees”), (2) receive notice of all meetings of the Board and meetings of Observer Committees as and when provided to the members of the Board or Observer Committee and all minutes, reports, meetings
materials, notices, written consents and other materials as and when such documents and/or materials are provided to members of the Board or Observer Committee, (3) receive each form of action by unanimous consent in lieu of a meeting of the
Board and each Observer Committee, together with the exhibits and annexes to any such consent and (4) receive such notice as is provided for regular and special meetings of the Board or Observer Committees, under the Company’s constitutive
documents. 
 (i) Confidentiality. Each Purchaser, individually (and not jointly or jointly and severally), who
receives any information from the Company, its officers, directors, representatives or Affiliates pursuant to any rights of such Purchaser pursuant to (x) Section 4(g) or Section 4(h) of this Subscription Agreement,
(y) the Certificates of Designation, including, without limitation, in accordance with such Purchaser’s preemptive rights, consent rights, rights to demand or request information and (z) any other rights of such Purchaser to receive
information in the capacity as a holder of Purchased Shares or Conversion Shares (collectively, the “Company Information”) agrees that it shall keep such Company Information confidential and shall not provide access to such
Company Information to any other Person; provided, that Purchaser may provide access to such Company Information (A) to its agents, employees, directors, officers, trustees, partners, Affiliates, attorneys, accountants, advisors,
auditors, portfolio management services and investors having an obligation of confidentiality to Purchaser in the ordinary course of Purchaser’s business; (B) to prospective transferees or purchasers of any of the Purchased Shares held by
Purchaser; provided, that any such prospective transferee or purchaser shall have agreed to keep the same confidential in accordance with the provisions of this Section 4; (C) as may be required by Law, subpoena, judicial or
administrative Order or similar legal process; provided, that Purchaser shall notify the Company prior to disclosure if permitted by Law; (D) in 

  
 8 

 
connection with any litigation related to any Transaction Document or other agreement between Purchaser or any of its Affiliates and the Company or any of its Affiliates or in connection with the
exercise of any right or remedy under any such Transaction Document or agreement; and (E) as may be required in connection with the examination, audit or similar investigation of Purchaser or as requested or required by any Governmental Body
having jurisdiction over Purchaser. The foregoing confidentiality restriction shall not apply to any Company Information that is in the public domain, becomes part of the public domain (other than due to a breach by Purchaser of this
Section 4), was within Purchaser’s possession or developed by it prior to being furnished with such information as evidenced by Purchaser’s records, or becomes available to Purchaser on a non-confidential basis from a source
other than the Company. 
 5. General Provisions. 

(a) Definitions. As used herein, the following terms shall have the following meanings: 

“1933 Act” shall mean the Securities Act of 1933, as amended. 

“1934 Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Additional Purchasers” shall have the meaning set forth in Section 1(b)(i). 

“Affiliate” shall mean any Person which directly or indirectly, through one or more intermediaries,
controls, is controlled by, or is under common control with such Person or entity; provided, that for purposes of the definition of “Affiliate,” Purchaser shall not be deemed an “Affiliate” of the Company. 

“Agreement” shall have the meaning set forth in the preamble. 

“Business Day” shall mean any day other than a Saturday, Sunday or a day on which the banks in New York
or Florida are authorized by Law to be closed; provided, that with respect to any notice period that is shorter than ten (10) Business Days and includes a Friday, such period shall be extended for one (1) additional Business Day. 

“Bylaws” shall mean, when used with respect to a specified Person, the bylaws of a Person, as the same
may be amended from time to time. 
 “Certificate of Incorporation” shall mean, when used with
respect to a specified Person, the articles or certificate of incorporation or other applicable organizational document of such Person, including any certificate of designation, as currently in effect. 

“Certificates of Designation” shall mean, collectively, the Series H Certificate of Designation, the
Series I Certificate of Designation and the Series J Certificate of Designation. 

  
 9 

 “Closing” shall have the meaning set forth in
Section 1(b)(i). 
 “Code” shall mean the Internal Revenue Code of 1986, as amended, and
the rules and regulations promulgated thereunder. 
 “Common Stock” shall have the meaning set forth
in the recitals. 
 “Company” shall have the meaning set forth in the preamble. 

“Company SEC Documents” shall have the meaning set forth in Section 2(g). 

“Company Subsidiary” shall mean any Subsidiary of the Company. 

“Contract” shall mean any legally binding contract, agreement, mortgage, deed of trust, bond, loan,
indenture, lease, license, note, option, warrant, right, instrument, commitment or other similar document, arrangement or agreement, whether written or oral, together with all amendments, modifications and/or supplements thereof. 

“Conversion Shares” shall mean shares of Common Stock or other securities issuable upon conversion of
the Purchased Shares or exercise of the Purchased Warrants. 
 “Derivative Securities” shall have the
meaning set forth in Section 2(d). 
 “Disqualification Event” shall mean any of the
“bad actor” disqualifications described in Rule 506(d)(1)(i) through (viii) under the 1933 Act. 

“GAAP” shall mean United States generally accepted accounting principles. 

“Governmental Body” shall mean any government of any nation or any political subdivision or unit
thereof, whether at the federal, state, territorial, provincial, county, municipal or any other level, and any agency, authority, regulatory body, board, branch, bureau, commission, court, arbitral body (public or private), department,
instrumentality or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of, or pertaining to, government (including any supra-national bodies such as the European Union or the European
Central Bank), whether located in the United States or abroad. 
 “Initial Closing” shall have the
meaning set forth in Section 1(b)(i). 
 “Law” shall mean any treaty, statute, ordinance,
code, rule, regulation, Order or other legal requirement enacted, adopted, promulgated, applied or followed by any Governmental Body. 

  
 10 

 “Lien” shall mean any mortgage, pledge, Lien (statutory
or otherwise), security interest, hypothecation, conditional sale agreement, encumbrance or similar restriction or agreement. 

“Management Equity” shall have the meaning set forth in Section 2(d). 

“Material Adverse Effect” shall mean any event, change, effect, condition or contingency that has a
material adverse effect on the business, assets, liabilities (including contingent liabilities), results of operations or financial condition of the Company and the Company Subsidiaries, taken as a whole, other than to the extent resulting from:
(i) changes in general business or economic conditions affecting the industry generally in which the Company and the Company Subsidiaries operate, (ii) changes in national or international political or social conditions, including the
engagement by the United States of America in hostilities, whether or not pursuant to a declaration of a national emergency or war, or any escalation thereof, or the occurrence of any military or terrorist attack upon the Unites States of America or
any of its territories, possessions or diplomatic or consular offices or upon any military installation, equipment or personnel of the United States of America, (iii) changes generally affecting financial, banking or securities markets
(including any disruption thereof and any decline in the price of any security or any market index), (iv) changes in GAAP, or (v) changes in applicable Laws (including any changes in interpretations thereof), in each case in the foregoing
clauses (i) through (v), inclusive, which do not disproportionately affect the Company or the Company Subsidiaries as compared to other similarly situated participants in the industry in which the Company and the Company Subsidiaries operate.

 “Order” shall mean any order, injunction, judgment, decree, ruling, writ, assessment, mediation or
arbitration award (whether temporary, preliminary or permanent). 
 “Person” shall mean any
individual, corporation, partnership, firm, limited liability company, joint venture, trust, association, unincorporated organization, group, joint stock company, Governmental Body or other entity. 

“Preferred Shares” shall have the meaning set forth in the recitals. 

“Preemptive Rights Offering” shall have the meaning set forth in Section 4(f). 

“Purchase Price” shall have the meaning set forth in the recitals. 

“Purchased Securities” shall have the meaning set forth in Section 1(a). 

“Purchased Shares” shall have the meaning set forth in Section 1(b)(ii). 

“Purchased Warrants” shall have the meaning set forth in Section 1(b)(ii). 

  
 11 

 “Purchasers” shall have the meaning set forth in the
preamble. 
 “Registration Rights Agreement” shall mean that certain Registration Rights Agreement,
dated as of November 14, 2014, by and among the Company and each Purchaser, as supplemented from time to time in connection with each Subsequent Closing. 

“Schedule of Purchasers” shall have the meaning set forth in the preamble. 

“SEC” shall mean the Securities and Exchange Commission. 

“Series H Certificate of Designation” shall mean the Amended and Restated Certificate of Designation
governing the Company’s Series H Convertible Preferred Stock. 
 “Series I Certificate of
Designation” shall mean the Amended and Restated Certificate of Designation governing the Company’s Series I Convertible Preferred Stock. 

“Series J Certificate of Designation” shall mean have the meaning set forth in the recitals. 

“Series J Securities” shall have the meaning set forth in the recitals. 

“Series J Warrants” shall have the meaning set forth in the recitals. 

“Subsequent Closing” shall have the meaning set forth in Section 1(b)(i). 

“Subsidiary” shall mean (i) as to any Person, any other Person more than 50% of the shares of the
voting stock, voting interests, membership interests or partnership interests of which are owned or controlled, or the ability to select or elect more than 50% of the directors or similar managers is held, directly or indirectly, by such first
Person or one or more of its Subsidiaries or by such first Person and one or more of its Subsidiaries and/or (ii) any Person with respect to which the Company or a Company Subsidiary is a general partner or managing member. 

“Transaction Documents” shall mean this Agreement, the schedules and exhibits hereto, the Series J
Certificate of Designation, the Purchased Warrants, the certificates evidencing the Purchased Shares, the Registration Rights Agreement and any certificate or other document required to be delivered by or on behalf of the Company or any Purchaser
pursuant to this Agreement or in connection with the transactions contemplated by this Agreement. 
 (b) Choice of
Law. The Laws of the State of New York without reference to any conflict of Laws provisions thereof that would result in the application of the Law of a different jurisdiction, will govern all questions concerning the construction, validity and
interpretation of this Agreement. 

  
 12 

 (c) Amendment and Waiver. Neither this Agreement nor any term hereof may
be amended, waived, discharged or terminated other than by a written instrument referencing this Agreement and signed by the Company and the Purchasers holding a majority of the Purchased Securities issued pursuant to this Agreement (excluding any
of such shares that have been sold in a public offering or pursuant to Rule 144); provided, that Additional Purchasers purchasing Series J Securities in a Subsequent Closing may become parties to this Agreement in accordance with
Section 1(b)(i) without any amendment of this Agreement pursuant to this paragraph or any consent or approval of any other Purchaser; provided further, that with respect to Section 4(g) and Section 4(h), such term may
only be amended, waived, discharged or terminated with the written consent of each Purchaser holding, together with its Affiliates, at least 10,000 Preferred Shares (or the equivalent amount of Conversion Shares). No delay or failure of any
Purchaser in exercising any right, power or remedy hereunder shall affect or operate as a waiver thereof, nor shall any single or partial exercise thereof or any abandonment or discontinuance of steps to enforce such a right, power or remedy
preclude any further exercise thereof or of any other right, power or remedy. The rights and remedies hereunder of each Purchaser are cumulative and not exclusive of any rights or remedies which it would otherwise have. 

(d) Counterparts. This Agreement may be executed in counterparts (including via facsimile or e-mail in .pdf format),
each of which shall be an original and all of which shall constitute a single agreement. 
 (e) Effectiveness. It is
understood that this Agreement is not effective and binding upon any of the parties hereto until executed and delivered by each of the parties hereto. 

(f) Headings. The headings contained in this Agreement are inserted for convenience only and will not affect in any way
the meaning or interpretation of this Agreement. 
 (g) Benefit of Agreement, Assignment. This Agreement shall be
binding upon and inure to the benefit of the Company and each Purchaser and their respective successors and assigns, heirs, executors and personal representative, as applicable, except that the Company shall not have the right to assign any of its
rights under this Agreement without the prior written consent of each Purchaser. Notwithstanding the foregoing, the rights of each Purchaser set forth herein shall inure to the benefit of such Purchaser and its transferees. This Agreement is made
solely for the benefit of the parties hereto and it is not the intention of the parties to confer third-party beneficiary rights upon any other Person, and no other Person shall have any rights, interest or claims hereunder or otherwise be entitled
to any benefits under or on account of this Agreement as a third-party beneficiary or otherwise. 
 (h) Notices. Any
and all notices or other communications required or permitted to be delivered hereunder shall be deemed properly delivered if (i) delivered personally, (ii) mailed by first class, registered or certified mail, return receipt requested,
postage prepaid, (iii) sent by next day or overnight mail or delivery or (iv) sent by electronic mail, facsimile transmission or other electronic means of transmitting written documents (with a follow up copy under (iii) above), to
the parties as set forth below: 

  
 13 

 If to the Company: 

Lighting Science Group Corporation 

1830 Penn Street 
 Melbourne, FL
32901 
 Attention: Zvi Raskin, General Counsel 

Tel: (321) 779-5520 
 Fax:
(321) 779-5521 
 Email: Zvi.Raskin@lsgc.com 

With a copy (which shall not constitute notice or constructive notice) to: 

Haynes and Boone, LLP 
 2323
Victory Avenue, Suite 700 
 Dallas, TX 75219 

Attention: Ryan R. Cox, Esq. 

Tel: (214) 651-5273 
 Fax:
(214) 200-0534 
 Email: ryan.cox@haynesbooone.com 

If to a Purchaser: 
 The address
of such Purchaser as it appears on the Schedule of Purchasers. 
 Any party may change the name and address of the designee
to whom notice shall be sent by giving written notice of such change to the other party. All notices or other communications to be, or otherwise, provided by a Purchaser or the Company must be sent to the Company or the Purchasers, respectively, in
accordance with the procedures set forth in this Section 5(h) in order to be deemed properly delivered. 
 (i)
Entire Agreement. This Agreement, the Transaction Documents and all Exhibits and Schedules attached hereto or thereto constitute the entire agreement and understanding between the Company and the Purchasers and the final expression thereof
and supersede any and all prior agreements and understandings, written or oral, formal or informal, between the Company and the Purchasers relating to the subject matter hereof and thereof. 

(j) Venue. Each of the parties hereto irrevocably consents to the exclusive jurisdiction and venue of any state or
federal court located within New York, New York in connection with any matter based upon or arising out of this Agreement or the transactions contemplated hereby, agrees that process may be served upon them in any manner authorized by the Laws of
the State of New York for such Persons and waives and covenants not to assert or plead any objection which they might otherwise have to such jurisdiction, venue and process. Each party hereto hereby agrees not to commence any legal proceedings
relating to or arising out of this Agreement or the transactions contemplated hereby in any jurisdiction or courts other than as provided herein. 

  
 14 

 (k) WAIVER OF JURY TRIAL. EACH PURCHASER AND THE COMPANY HEREBY
IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF ANY PURCHASER OR THE COMPANY IN THE NEGOTIATION,
ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF. 
 (l) Rules of Construction. Words such as “herein,”
“hereunder,” “hereof” and the like shall be deemed to refer to this Agreement as a whole and not to any particular document or Article, Section or other portion in which such words appear. If a term is defined as one part of
speech (such as a noun), it shall have a corresponding meaning when used as another part of speech (such as a verb). Any reference to any federal, state, local or foreign statute, Law or other legal regulation shall be deemed to also to refer to all
rules and regulations promulgated thereunder. References herein to “$” shall be references to United States Dollars. The words “include” and “including” shall be deemed to mean “include, without limitation,”
and “including, without limitation”. 
 (m) Severability. Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid under applicable Law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable Law in any jurisdiction, such provision shall be
ineffective only to the extent of such prohibition or invalidity, without invalidating any other provision of this Agreement. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties
hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement and the other
Transaction Documents be consummated as originally contemplated to the greatest extent possible. 
 (n) Independent Nature
of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction Document are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the
performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained herein or in any other Transaction Document, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed to constitute the
Purchasers as, and the Company acknowledges that the Purchasers do not so constitute, a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a
group, and the Company shall not assert any such claim with respect to such obligations or the transactions contemplated by the Transaction Documents and the Company acknowledges that the Purchasers are not acting in concert or as a group with
respect to such obligations or the transactions contemplated by the Transaction Documents. The Company acknowledges and each Purchaser confirms that it has independently participated in the negotiation of the transaction contemplated hereby with the
advice of its own counsel and 

  
 15 

 
advisors. A default by any Purchaser of its obligations pursuant to this Agreement shall not constitute a default by any other Purchaser under this Agreement and, except with respect to such
defaulting Purchaser, shall not relieve the Company of any of its obligations to any other Purchaser under this Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including, without limitation, the rights
arising out of this Agreement or out of any other Transaction Documents to which it is a party, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. 

[Remainder of page intentionally left blank] 

  
 16 

 The parties hereto have executed this Agreement to be effective as of the date first written above and, for
purposes of any Subsequent Closing, as of the date of Closing indicated in the Schedule of Purchasers. 
  

			
	COMPANY:
	
	LIGHTING SCIENCE GROUP CORPORATION
		
	By:	 	 /s/ Dennis McGill

	Name:	 	Dennis McGill
	Title:	 	Chief Financial Officer

 Signature Page to Series J Subscription Agreement 

 The parties hereto have executed this Agreement to be effective as of the date first written above and, for
purposes of any Subsequent Closing, as of the date of Closing indicated in the Schedule of Purchasers. 
  

					
	PURCHASER:
	
	SERENGETI OPPORTUNITIES MM L.P.
		
	By:	 	Serengeti Asset Management LP, as the Investment Advisor
			
		 	By:	 	 /s/ Marc Baum

		 	Name:	 	Marc Baum
		 	Title:	 	Director

 Signature Page to Series J Subscription Agreement 

 The parties hereto have executed this Agreement to be effective as of the date first written above and, for
purposes of any Subsequent Closing, as of the date of Closing indicated in the Schedule of Purchasers. 
  

					
	PURCHASER:
	
	SERENGETI LYCAON MM L.P.
		
	By:	 	Serengeti Asset Management LP, as the Investment Advisor
			
		 	By:	 	 /s/ Marc Baum

		 	Name:	 	Marc Baum
		 	Title:	 	Director

 Signature Page to Series J Subscription Agreement 

 Exhibit A 

Schedule of Purchasers 
  

													
	 Name and Address
	  	Number of
Purchased
Securities	 	  	Purchase
Price	 	  	Date of
Closing	 
	 Serengeti Opportunities MM L.P.

632 Broadway, 12th Floor

New York, New York 10012

Fax Number: (212) 672-2229

Email: mbaum@serengeti-am.com
	  	 	3,000	  	  	$	3,000,000.00	  	  	 	11/14/14	  
	 Serengeti Lycaon MM L.P.

632 Broadway, 12th Floor

New York, New York 10012

Fax Number: (212) 672-2229

Email: mbaum@serengeti-am.com
	  	 	10,000	  	  	$	10,000,000.00	  	  	 	11/14/14	  

 Exhibit AEX-10.2

 Exhibit 10.2 

REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT, dated effective as of November 14, 2014 (this “Agreement”), is between
Lighting Science Group Corporation (the “Company”) and the holders of the Company’s securities identified on Schedule A attached hereto (each, including any Affiliate or Permitted Transferee thereof who is a subsequent
holder of any Registrable Securities and who agrees in writing to be bound by the terms hereof, an “Investor” and collectively the “Investors”). 

W I T N E S S E T H: 

WHEREAS, each Investor has acquired shares of the Company’s Series J Convertible Preferred Stock, par value $0.001 per share (the
“Preferred Shares”), and warrants (the “Warrants”) to purchase shares of the Company’s common stock, $0.001 par value per share (“Common Stock”), pursuant to that certain
Series J Subscription Agreement, dated November 14, 2014, by and between the Company and the Purchaser parties listed on the Schedule of Purchasers attached as Exhibit A thereto (the “Subscription Agreement”); and 

WHEREAS, each Investor and the Company desires to enter into this Agreement to provide for certain rights relating to the registration
of all shares of Common Stock issuable upon exercise or conversion of the Preferred Shares and the Warrants. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

Section 1. Certain Definitions. For purposes of this Agreement, the following terms have the meanings set forth below: 

“Affiliate” means any Person that, directly or indirectly, through one or more intermediaries, controls or is
controlled by or is under common control with the Person specified. For purposes of this definition, control of a Person means the power, direct or indirect, to direct or cause the direction of the management and policies of such Person, whether by
contract, through the ownership of voting securities, or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the foregoing; provided, that in no event shall any Holder be deemed an
Affiliate of the Company. 
 “Commission” means the Securities and Exchange Commission, or any other federal agency
at the time administering the Securities Act. 
 “Convertible Securities” means any evidences of indebtedness,
including bonds and debentures, shares, including the Preferred Shares or any other shares of preferred stock, warrants, options or other securities that are convertible into or exchangeable or exercisable for Common Stock. 

“Exchange Act” means the Securities Exchange Act of 1934, or any successor federal statute, and the rules and
regulations of the Commission thereunder, as the same may be amended from time to time. 
 “Holder” or
“Holders” means any of the Investors and/or any subsequent Permitted Transferee. 
 “Home Depot
Registration Rights Agreement” means that certain Registration Rights Agreement, dated as of January 14, 2011, by and between the Company and The Home Depot, Inc. 

 “Medley Registration Rights Agreement” means that certain Registration
Rights Agreement, dated as of February 19, 2014, by and between the Company, Medley Capital Corporation and Medley Opportunity Fund II LP. 

“Pegasus” means Pegasus Capital Advisors, L.P. 

“Pegasus Registration Rights Agreement” means the Amended and Restated Registration Rights Agreement dated
January 23, 2009, as further amended as of May 25, 2012, by and between the Company and Pegasus Partners IV, L.P. 

“Person” means an individual, a corporation, a partnership, an association, a joint-stock company, a trust, any
unincorporated organization, or a government or political subdivision thereof. 
 “Permitted Transferee” means any
Person to whom the rights, duties and obligations of any current or subsequent Holder are assigned in compliance with Section 13 of this Agreement. 

“Public Offering” means the sale of the Company’s Common Stock for cash to the public pursuant to an effective
registration statement filed under the Securities Act. 
 “Qualified Public Offering” means any firmly committed
underwritten Public Offering of the Company’s Common Stock on The NASDAQ Stock Market or the New York Stock Exchange, where (a) the gross proceeds received by the Company and any selling stockholders in the offering are no less than
$100,000,000 and (b) the market capitalization of the Company immediately after consummation of such offering is no less than $500,000,000. 

“Registrable Securities” with respect to any Holder means (i) all of the shares of Common Stock owned or held as
of the date of this Agreement by such Holder or acquired at any time hereafter if at such time such Holder holds Registrable Securities, including in each case any shares of Common Stock issuable upon the conversion or exercise of the Preferred
Shares or Warrants or any other Convertible Securities (provided that the underlying shares have vested), as applicable; (ii) any shares of Common Stock owned or held by, or issuable pursuant to the conversion, exchange or exercise of any
Preferred Shares, Warrants or other Convertible Securities (provided that the underlying shares have vested) to, a Permitted Transferee; and (iii) any shares of capital stock or other securities of the Company issued as a dividend or other
distribution with respect to or in exchange for or in replacement of any of the Registrable Securities described in (i) and (ii) above; provided, that as to any particular Registrable Securities, such securities shall cease to be
Registrable Securities when: (a) a registration statement with respect to the sale of such securities shall have become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged pursuant
to such registration statement; (b) such securities shall have been otherwise transferred (other than to an Affiliate of such Holder), new certificates for them not bearing a legend restricting further transfer shall have been delivered by the
Company and subsequent public distribution of them shall not require registration under the Securities Act; (c) such securities shall have ceased to be outstanding; (d) the date upon which such securities are sold under Rule 144 (or any
successor provision) or (e) such securities shall become “Registrable Securities” (or are treated as such) under the Tri-Party Registration Rights Agreement, the Pegasus Registration Rights Agreement or any other registration rights
agreement entered into after the date hereof. 
 “Riverwood” means RW LSG Holdings LLC. 

“Securities Act” means the Securities Act of 1933, or any successor federal statute, and the rules and regulations of
the Commission thereunder, as the same may be amended from time to time. 
 “Serengeti” means Serengeti Asset
Management LP and its Affiliates, including the Investors hereunder that are Affiliates of Serengeti Asset Management LP. 

“Tri-Party Registration Rights Agreement” means that certain Amended and Restated Registration Rights Agreement, dated
as of September 25, 2012, by and among the Company, RW LSG Holdings LLC, RW LSG Management Holdings LLC, Cleantech Europe II (A) LP, Cleantech Europe II (B) LP and Portman Limited, as amended. 

  
 2 

 “Underwriter” means a securities dealer who purchases any Registrable
Securities as principal in an underwritten offering and not as part of such dealer’s market-making activities. 

Section 2. Demand Registration. 

(a) Request for Demand Registration. At any time and from time to time after the exercise of demand registration rights granted by the
Company pursuant to the Pegasus Registration Rights Agreement or the Tri-Party Registration Rights Agreement or, subject to any applicable lock-up period provided herein, any time after the Company files a registration statement with respect to a
Public Offering (other than a registration statement: (i) on Form S-4 or S-8 or any successor form filed under the Securities Act; (ii) filed in connection with any employee stock option or other benefit plan, (iii) for an exchange
offer or offering of securities solely to the Company’s existing stockholders, (iv) for an offering of debt that is convertible into equity securities of the Company; (v) for a dividend reinvestment plan; or (vi) on any other
form not available for registering the Registrable Securities for sale to the public), Holders of a majority-in-interest (the “Majority-In-Interest”) of the Registrable Securities (determined on a fully diluted basis) held by
all Holders other than Holders that are Affiliates of Pegasus or Riverwood (the “Demand Holders”) may make a written demand for registration under the Securities Act of all or part of their Registrable Securities (a
“Demand Registration”). Any demand for a Demand Registration shall specify the number of shares of Registrable Securities proposed to be sold and the intended method(s) and plan of distribution thereof. Upon the
Company’s receipt of the written request for a Demand Registration, the Company shall promptly notify all other Holders of Registrable Securities of such demand for a Demand Registration, and each such Holder that wishes to include all or a
portion of such Holder’s Registrable Securities in the Demand Registration (each such Holder including Registrable Securities in such registration, a “Selling Demanding Holder”) shall so notify the Company within fifteen
(15) days after the receipt by the Holder of the notice from the Company. Upon any such request, the Selling Demanding Holders shall be entitled to have their Registrable Securities included in the Demand Registration, subject to
Section 2(g) and the provisos set forth in the first sentence of Section 2(b). 
 (b) Form of Registration
Statement. The Company shall, as expeditiously as possible and in any event within sixty (60) days after receipt of a request for a Demand Registration pursuant to Section 2(a), prepare and file with the Commission a
registration statement on any form for which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available for the sale of all Registrable Securities to be registered thereunder in accordance
with the intended method(s) and plan of distribution thereof; provided, that the Company shall have the right to defer any Demand Registration for up to thirty (30) days, in each case if the Company shall furnish to the Holders a
certificate signed by the Chief Executive Officer or Chairman of the Board of the Company stating that, in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company and its stockholders for
such registration statement to be effected at such time; provided, further, that the Company shall not have the right to exercise the right set forth in the immediately preceding proviso more than once in any 365-day period in respect
of a Demand Registration hereunder. In addition, the Company may elect to register for resale shares of Common Stock held by other security holders of the Company, so long as (i) the Registrable Securities of the Selling Demand Holders to be
registered will not be reduced thereby; (ii) if such registration is an underwritten offering, such other security holders agree in writing to sell the Common Stock on the same terms and conditions as apply to the Registrable Securities being
sold by the Holders, (iii) if such registration is an underwritten offering, any Common Stock held by other security holders of the Company to be registered for resale and/or resold will not, in the opinion of the managing Underwriter(s)
adversely affect the proposed offering price, the timing, the distribution method, or the probability of success of such offering of the Registrable Securities being sold; and (iv) the Company will be responsible for any and all costs
(including reasonable attorneys’ fees) incurred by the Selling Demand Holders arising out of the registration of such other security holder’s Common Stock. The Majority-in-Interest shall be entitled to select counsel for the Selling Demand
Holders, whose expenses shall be borne by the Company. 
 (c) Effecting the Registration Statement. The Company shall use reasonable
best efforts to cause the registration statement filed pursuant to this Section 2 to become effective as soon as possible following the filing thereof, and shall use reasonable best efforts to keep such registration statement in effect
and maintain compliance with all securities laws until the end of the Registration Period (as defined below). A registration will not count as a Demand Registration for purposes of Section 2(d) until the registration statement filed with
the Commission with respect to such Demand Registration 

  
 3 

 
registering all of the Registrable Securities specified in the notice received pursuant to Section 2(a), determined on the basis described in Sections 2(a) and 2(b), has
been declared effective and the Company has complied with all of its obligations under this Agreement with respect thereto; provided, that if, after such registration statement has been declared effective, the offering of Registrable
Securities pursuant to a Demand Registration is interfered with by any stop order or injunction of the Commission or any other governmental agency or court, the registration statement with respect to such Demand Registration will be deemed not to
have been declared effective, unless and until: (i) such stop order or injunction is removed, rescinded or otherwise terminated, and (ii) a Majority-In-Interest of the Demanding Holders thereafter elect to continue the offering;
provided, further, that the Company shall not be obligated to file a second Registration Statement until a registration statement that has been filed is counted as a Demand Registration or is terminated. 

(d) Number of Demands. Subject to Section 2(g), the Company shall only be obligated under this Section 2 to
effect an aggregate of three (3) Demand Registrations for any and all Holders, unless the Company breaches its obligations under Section 2(b), or Section 5. 

(e) Delay due to Underwritten Offering. If, following receipt of a demand for a Demand Registration pursuant to
Section 2(a), the Company has already begun registering securities (with respect to a primary or secondary offering) pursuant to an underwritten public offering (an “Existing Offering”) and in the good faith
judgment of the managing Underwriter of the Existing Offering, the registration of the Registrable Securities pursuant to such demand or the resale of the Registrable Securities pursuant thereto would interfere with the Underwriter’s successful
marketing of the Existing Offering, the Company may, by giving prompt written notice to the Holders making such demand, delay the registration of the Registrable Securities pursuant to such demand or any resale of such Registrable Securities for the
minimum period necessary to not interfere with such Existing Offering, but in no event more than 90 days; provided, that the Company may not deliver any such notice more than once in any 365-day period. Notwithstanding the foregoing, the
Holders shall have Piggyback Registration rights under Section 3 with respect to the Existing Offering. 
 (f) Underwritten
Offering. If any registration under Section 2 of this Agreement is an underwritten offering, the Underwriter(s) that will administer the offering shall be selected by the Company, subject to the prior written consent of the Holders
of a majority-in-interest of the Registrable Securities proposed to be sold by the Selling Demanding Holders (the “Majority Selling Demanding Holders”), such consent not to be unreasonably withheld. 

(g) Withdrawal. If the Majority Selling Demanding Holders disapprove of the terms of any underwriting or are not entitled to include all
of their Registrable Securities in any offering such Majority Selling Demanding Holders may elect to withdraw from such offering by giving written notice to the Company and the Underwriter or Underwriters of their request to withdraw prior to the
effectiveness of the registration statement filed with the Commission with respect to such Demand Registration. If the Majority Selling Demanding Holders withdraw from a proposed offering relating to a Demand Registration, then such registration
shall not count as a Demand Registration provided for in Section 2(d). 
 Section 3. Piggyback Registration.
 
 (a) If at any time, the Company proposes to file a registration statement with respect to a Public Offering (other than a
registration statement: (i) on Form S-4 or S-8 or any successor form filed under the Securities Act; (ii) filed in connection with any employee stock option or other benefit plan, (iii) for an exchange offer or offering of securities
solely to the Company’s existing stockholders, (iv) for an offering of debt that is convertible into equity securities of the Company; (v) for a dividend reinvestment plan; or (vi) on any other form not available for registering
the Registrable Securities for sale to the public), the Company shall promptly provide each Holder with written notice (which notice shall be given not less than fifteen (15) business days prior to the effective date of such registration
statement) of such registration (a “Piggyback Registration”), which notice shall offer such Holder the opportunity to register such amount of Registrable Securities as it shall request. Each Holder of Registrable Securities
shall have ten (10) business days from the date of receipt of the Company’s notice to deliver to the Company a written request for inclusion of such Holder’s Registrable Securities, specifying the number of such Registrable Securities
to be included in the registration. Any Holder shall have the right to withdraw such Holder’s request for inclusion at any time by sending a written withdrawal notice to the Company. The Company shall include in such registration all the
Registrable Securities requested to be included by any Holder in accordance with this Section 3(a). 

  
 4 

 (b) If the Company intends for the Common Stock being registered pursuant to any Piggyback
Registration to be distributed pursuant to an underwriting (an “Underwritten Piggyback Registration”), the notice provided by the Company to each Holder pursuant to Section 3 shall state that such registration
will be underwritten. In connection with an Underwritten Piggyback Registration, the Board of Directors of the Company shall select the Underwriter. 

(c) Notwithstanding anything to the contrary in this Section 3, the right of any Holder to participate in an Underwritten Piggyback
Registration shall be conditioned upon such Holder agreeing to (i) sell all of its Registrable Securities included in such registration on the basis provided in any underwriting arrangements approved by the Company and (ii) complete and
execute all reasonable questionnaires, powers of attorney, indemnities, underwriting agreements, lock-up letters and other documents required under the terms of such underwriting arrangements. 

(d) If in connection with any Underwritten Piggyback Registration the Underwriter advises the Company that in its opinion the number of
securities requested to be included in such registration exceeds the number that can reasonably be sold in such offering, then the Company shall include in such registration: (i) first, all of the securities that the Company proposes to sell;
(ii) second, all of the securities requested to be included therein by any Persons exercising demand registration rights granted by the Company; (iii) third, all of the securities requested to be included therein pursuant to and in
accordance with the Pegasus Registration Rights Agreement, the Tri-Party Registration Rights Agreement, the Home Depot Registration Rights Agreement and the Medley Registration Rights Agreement, (iv) fourth, on a pro-rata basis all of the
Registrable Securities requested to be included therein by the Holders based upon the relative amount of Registrable Securities then held by such Holder (provided, that any such amount thereby allocated to any such Holder that exceeds such
Holder’s request shall be reallocated among the remaining Holders in a like manner) and if there is any amount then remaining to be allocated, such amount shall be allocated on a pro rata basis based on the relative amount of Registrable
Securities requested to be included and (v) fifth, the shares of Common Stock or other securities for the account of other Persons that the Company is obligated to register pursuant to written contractual arrangements. If the number of
Registrable Securities that any Holder requested be included in an Underwritten Piggyback Registration is to be reduced as a result of this Section 3(d), the Company shall promptly notify such Holder of any such reduction and the number
of Registrable Securities of such Holder that will be included in such registration. 
 (e) If in connection with any Underwritten Piggyback
Registration any Holder disapproves of the terms of the underwriting, such Holder may elect to withdraw from such underwriting by delivering written notice to the Company and the Underwriter at least three (3) business days prior to the
effective date of the registration statement. Any Registrable Securities withdrawn from such underwriting shall also be withdrawn from such registration. 

(f) Nothing in this Agreement shall create any liability on the part of the Company to the Holders if the Company in its sole discretion should
decide not to file a registration statement proposed to be filed pursuant to Section 3 or to defer or withdraw such registration statement subsequent to its filing, regardless of any action whatsoever that a Holder may have taken,
whether as a result of the issuance by the Company of any notice hereunder or otherwise. 
 (g) The Company shall be entitled to suspend the
rights of selling Holders under Section 3 to make sales pursuant to a registration statement otherwise required to be kept effective hereunder if the Company determines in good faith that there exists a material proposed event (including
any proposed acquisition or disposition) that would be required to be disclosed in such registration statement and the disclosure of which would either have a material adverse effect on such proposed transaction or the Company. 

Section 4. Registrations on Form S-3. 

At any time and from time to time after the exercise of demand registration rights granted by the Company pursuant to the Pegasus Registration
Rights Agreement or the Tri-Party Registration Rights Agreement or, subject to any applicable lock-up period provided herein, any time after the Company files a registration statement with respect to a Public Offering

  
 5 

 
(other than a registration statement: (i) on Form S-4 or S-8 or any successor form filed under the Securities Act; (ii) filed in connection with any employee stock option or other
benefit plan, (iii) for an exchange offer or offering of securities solely to the Company’s existing stockholders, (iv) for an offering of debt that is convertible into equity securities of the Company; (v) for a dividend
reinvestment plan; or (vi) on any other form not available for registering the Registrable Securities for sale to the public), the Demand Holders may request in writing that the Company register (a “Form S-3
Registration”) the resale of any or all of such Registrable Securities on Form S-3 or any similar short-form registration which may be available at such time (“Form S-3”). Upon the Company’s receipt of a
written request for a Form S-3 Registration, the Company shall promptly give written notice of the proposed registration to all other Holders of Registrable Securities, and, as soon as practicable thereafter, subject to the provisions of
Section 3, effect the registration of all or such portion of such Holder’s or Holders’ Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities or other securities
of the Company, if any, or any other Holder or Holders that are joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written notice from the Company; provided, that the
Company shall not be obligated to effect any such registration pursuant to this Section 4, (i) if Form S-3 is not available for such offering or (ii) if the Holders of the Registrable Securities, together with the holders of
any other securities of the Company entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate price to the public of less than $500,000. Registrations effected pursuant to
this Section 4 shall not be counted as Demand Registrations effected pursuant to Section 2(d). 

Section 5. Registration Procedures.  

(a) In the case of each registration by the Company pursuant to this Agreement, the Company shall: 

(i) Use reasonable best efforts to prepare and file with the Commission a registration statement with respect to such
Registrable Securities and use its reasonable best efforts to cause such registration statement to become effective, and keep such registration statement effective until the distribution contemplated in the registration statement has been completed;

 (ii) Use reasonable best efforts to prepare and file with the Commission such amendments, supplements and post-effective
amendments to such registration statement and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities
covered by such registration statement; 
 (iii) Use reasonable best efforts to furnish to the Holders such numbers of copies
of a prospectus, including a preliminary prospectus, in conformity with the requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them;

 (iv) Use commercially reasonable efforts to register or qualify the Registrable Securities covered by such registration
statement under such other securities or blue sky laws of such jurisdictions as shall be reasonably requested by the Holders; provided, that the Company shall not be required in connection therewith or as a condition thereto (A) to
qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 5(a)(iv); (B) subject itself to taxation but for this Section 5(a)(iv); or (C) consent to
general service of process in any jurisdiction in which it would not otherwise be subject to general service of process but for this Section 5(a)(iv); 

(v) Use commercially reasonable efforts to cause the Registrable Securities covered by such registration statement to be
registered with or approved by such other governmental agencies or authorities as may be required by virtue of the business and operations of the Company to enable the Holder or Holders thereof to consummate the disposition of such Registrable
Securities; 
 (vi) Enter into customary agreements (including, if applicable, an underwriting agreement in customary form)
and take such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities. The representations, warranties and covenants of the Company in any underwriting agreement which are made to or
for the benefit of any Underwriters, to the extent applicable, shall also be 

  
 6 

 
made to and for the benefit of the Holders of Registrable Securities included in such registration statement. No Holder of Registrable Securities included in such registration statement shall be
required to make any representations or warranties in the underwriting agreement except, if applicable, with respect to such Holder’s organization, good standing, authority, title to Registrable Securities, lack of conflict of such sale with
such Holder’s material agreements and organizational documents, and with respect to written information relating to such Holder that such Holder has furnished in writing expressly for inclusion in such registration statement. Holders of
Registrable Securities shall agree to such covenants and indemnification and contribution obligations for selling stockholders as are customarily contained in agreements of that type; 

(vii) Promptly, and in no event more than two (2) business days after such filing, notify the Holders of Registrable
Securities included in such registration statement of such filing, and shall further notify such Holders promptly and confirm such advice in writing in all events within two (2) business days of the occurrence of any of the following:
(i) when such registration statement becomes effective; (ii) when any post-effective amendment to such registration statement becomes effective; (iii) the issuance or threatened issuance by the Commission of any stop order (and the
Company shall take all actions required to prevent the entry of such stop order or to remove it if entered); and (iv) any request by the Commission for any amendment or supplement to such registration statement or any prospectus relating
thereto or for additional information or of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of the securities covered by such registration
statement, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and promptly make available to the
Holders of Registrable Securities included in such registration statement any such supplement or amendment; except that before filing with the Commission a registration statement or prospectus or any amendment or supplement thereto, including
documents incorporated by reference, the Company shall furnish to the Holders of Registrable Securities included in such registration statement and to the legal counsel for any such Holders, copies of all such documents proposed to be filed
sufficiently in advance of filing to provide such Holders and legal counsel with a reasonable opportunity to review such documents and comment thereon, and the Company shall not file any registration statement or prospectus or amendment or
supplement thereto, including documents incorporated by reference, to which such holders or their legal counsel shall object; 

(viii) Use its reasonable best efforts to cause all such Registrable Securities covered by the registration statement to be
listed on each securities exchange or quotation system on which similar securities issued by the Company are then listed, and enter into such customary agreements, including a listing application; provided, that the applicable listing
requirements are satisfied; 
 (ix) Make available for inspection during normal business hours by any Holder of Registrable
Securities covered by such registration statement, any Underwriter participating in any disposition pursuant to such registration statement, and any attorney, accountant or other agent retained by any such Holder or Underwriter (collectively, the
“Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company and its subsidiaries (collectively, “Records”), if any, as shall be reasonably necessary to
enable them to exercise their due diligence responsibility, and cause the Company’s and its subsidiaries’ officers, directors and employees to supply all information and respond to all inquiries reasonably requested by any such Inspector
in connection with such registration statement. Notwithstanding the foregoing, the Company shall have no obligation to disclose any Records to the Inspectors in the event the Company determines that such disclosure is reasonably likely to have an
adverse effect on the Company’s ability to assert the existence of an attorney-client privilege with respect thereto; 

(x) If requested by the Holder, use commercially reasonable efforts to furnish to each Holder of Registrable Securities
included in any registration statement a signed counterpart, addressed to such Holder, of (i) any opinion of counsel to the Company delivered to any Underwriter and (ii) any comfort letter from the Company’s independent public
accountants delivered to any Underwriter. In the event no legal opinion is delivered to any Underwriter, the Company shall furnish to each Holder of Registrable Securities included in such registration statement, at any time that such Holder elects
to use a prospectus, an opinion of counsel to the Company to the effect that the registration statement containing such prospectus has been declared effective and that no stop order is in effect; and 

  
 7 

 (xi) Otherwise use its commercially reasonable efforts to comply, and continue to
comply during the period that such registration statement is effective under the Securities Act with the Securities Act and the Exchange Act and with all applicable rules and regulations of the Commission with respect to the disposition of all
Registrable Securities covered by such registration statement, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve (12) months, but not more than eighteen
(18) months, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder. 

(b) Upon receipt of written notice from the Company that a registration statement or prospectus for a registration under this Agreement
includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary in order to make the statements therein not misleading in light of the circumstances then existing, each Holder of
Registrable Securities shall forthwith discontinue the disposition of Registrable Securities until such Holder has received copies of the supplemented or amended prospectus that corrects such untrue statement or discloses such material fact, or
until such Holder is advised in writing by the Company that the use of the prospectus may be resumed, and, if directed by the Company, such Holder shall deliver to the Company (at the Company’s expense) all copies of the prospectus covering
such Registrable Securities current at the time of receipt of such notice. 
 (c) In connection with any registration statement in which
Holders are participating, each seller of Registrable Securities shall furnish to the Company in writing such information and affidavits with respect to itself and its proposed distribution of Registrable Securities as shall be reasonably necessary
in order to assure compliance with federal and applicable state securities laws. 
 Section 6. Registration Expenses. 

 (a) Subject to Section 6(b), all expenses incident to the Company’s performance of or compliance with this Agreement,
including, without limitation, all registration, qualification and filing fees, fees and expenses of compliance with federal and applicable state securities laws, printing expenses, escrow fees, messenger and delivery expenses, and fees and
disbursements of counsel for the Company and all independent certified public accountants, Underwriters (excluding discounts and commissions) and other Persons, retained by the Company (all such expenses being herein called “Registration
Expenses”), will be borne by the Company. 
 (b) The fees and expenses of one legal counsel selected by the Holders of a
majority-in-interest of the Registrable Securities included in a registration will be borne by the Company; provided, that such Holders shall not be entitled to select such legal counsel if all holders of securities registered in such
registration are represented by counsel and the Company is paying the fees and expenses of such counsel. Any underwriting discounts or commissions incurred in connection with, and attributable to, the sale of Registrable Securities shall be borne by
the Holders of such Registrable Securities. 
 Section 7. Indemnification.  

(a) In the event of a registration of any of the Registrable Securities under the Securities Act pursuant to this Agreement, the Company agrees
to indemnify and hold harmless (i) each seller of Registrable Securities and (ii) each Person, if any, who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) such seller of
Registrable Securities (any of the Persons referred to in this clause (ii) being hereinafter referred to as a “controlling person”) and (iii) the respective officers, directors, partners, employees, representatives
and agents of any seller of Registrable Securities or any controlling person, to the fullest extent permitted by law, from and against any and all losses, claims, damages, liabilities, judgments, actions and reasonable expenses (including without
limitation and as incurred, reimbursement of all reasonable costs of investigating, preparing, pursuing or defending any claim or action, or any investigation or proceeding by any governmental agency or body, commenced or threatened, including the
reasonable fees and expenses of counsel to any such party) directly or indirectly caused by, related to, based upon, arising out of or in 

  
 8 

 
connection with any untrue statement or alleged untrue statement of a material fact contained in any registration statement under which such Registrable Securities were registered under the
Securities Act (or any preliminary prospectus or final prospectus contained therein, or any amendment or supplement thereof), or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein not misleading; provided, that the Company shall not be liable in any such case insofar as such losses, claims, damages, liabilities or expenses are caused by an untrue statement or omission or alleged untrue statement or
omission that is made in reliance upon and in conformity with information relating to any seller of Registrable Securities that is furnished in writing to the Company by such seller or any controlling person of such seller specifically for use in
such registration statement or prospectus; provided, further, that the indemnity agreement contained in this Section 7(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, judgment,
action or expense if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld). 

(b) In the event of a registration of any of the Registrable Securities under the Securities Act pursuant to this Agreement, each seller of
Registrable Securities thereunder agrees, severally and not jointly, to indemnify and hold harmless the Company, and its respective directors, officers, and each Person, if any, who controls (within the meaning of Section 15 of the Securities
Act or Section 20 of the Exchange Act) the Company, and the respective officers, directors, partners, employees, representatives and agents of each such Person, each Underwriter and each Person, if any, who controls any Underwriter (within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act), and each other seller of Registrable Securities and each Person who controls any such other seller of Registrable Securities, to the fullest extent permitted
by law, from and against any and all losses, claims, damages, liabilities, judgments, actions and reasonable expenses (including without limitation and as incurred, reimbursement of all reasonable costs of investigating, preparing, pursuing or
defending any claim or action, or any investigation or proceeding by any governmental agency or body, commenced or threatened, including the reasonable fees and expenses of counsel to any such party) directly or indirectly caused by, related to,
based upon, arising out of or in connection with any untrue statement or alleged untrue statement of a material fact contained in any registration statement under which such Registrable Securities were registered under the Securities Act (or any
preliminary prospectus or final prospectus contained therein, or any amendment or supplement thereof), or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not
misleading, which untrue statement or alleged untrue statement or omission or alleged omission is made solely in reliance upon and in express conformity with information pertaining to such seller that is furnished in writing to the Company by such
seller or any controlling person of such seller specifically for use in such registration statement or prospectus; provided, that (i) the indemnity agreement contained in this Section 7(b) shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability, judgment, action or expense if such settlement is effected without the consent of such seller (which consent shall not be unreasonably withheld) and (ii) the maximum aggregate liability of
such seller shall in no event exceed the net proceeds actually received by such seller upon sale of Registrable Securities. 
 (c) Promptly
after receipt by an indemnified party hereunder of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party hereunder, notify the indemnifying party in writing
thereof, but the omission to promptly notify the indemnifying party shall not relieve it from any liability which it may have to any indemnified party under this Section 7, except to the extent that the indemnifying party is actually
prejudiced by such failure to give notice. In case any such action shall be brought against any indemnified party and it shall promptly notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to
participate in and, to the extent it shall wish, to assume and undertake the defense thereof with counsel reasonably satisfactory to such indemnified party, and, after notice from the indemnifying party to such indemnified party of its election to
assume and undertake the defense thereof, the indemnifying party shall not be liable to such indemnified party under this Section 7 for any legal expenses subsequently incurred by such indemnified party in connection with the defense
thereof other than reasonable costs of investigation and of liaison with counsel so selected; provided, that if the defendants in any such action include both the indemnified party and the indemnifying party and counsel to the indemnified
party shall have reasonably concluded in writing that there may be reasonable defenses available to it which are different from or additional to those available to the indemnifying party, or if the interests of the indemnified party reasonably may
be deemed to conflict with the interests of the indemnifying party, the indemnified 

  
 9 

 
party shall have the right to select a separate counsel and to assume such legal defenses and otherwise to participate in the defense of such action, with the reasonable expenses and fees of such
separate counsel and other expenses related to such participation to be reimbursed by the indemnifying party as incurred. It is understood that the indemnifying party shall not, in connection with any action or related actions in the same
jurisdiction, be liable for the fees and disbursements of more than one separate firm qualified in such jurisdiction to act as counsel for the indemnified party. No indemnifying party, in the defense of any such claim or litigation, shall, except
with the written consent of such indemnified party, which consent shall not be unreasonably withheld, consent to entry of any judgment or enter into any settlement of any pending or threatened action in respect of which any indemnified party is or
could have been a party and indemnity was sought hereunder by such indemnified party unless such judgment or settlement includes as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all
liability in respect to such claim or litigation and does not include a statement as to, or an admission of, fault, culpability or a failure to act by or on behalf of the indemnified party. The indemnification procedures of Underwriters provided for
in this Section 7 shall be on such other terms and conditions as are at the time customary and reasonably required by such Underwriter as provided in Section 7(c). 

(d) If the indemnification provided for in Section 7(a) and Section 7(b) above is unavailable or insufficient to hold
harmless an indemnified party under such sections in respect of any losses, claims, damages, liabilities, judgments, actions or expenses in respect thereof referred to therein, then each indemnifying party shall in lieu of indemnifying such
indemnified party contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages, liabilities, judgments, actions or expenses in such proportion as appropriate to reflect the relative fault of the
Company, on the one hand, and the Underwriters or the sellers of such Registrable Securities, on the other, in connection with the statements or omissions which resulted in such losses, claims, damages, liabilities, judgments, actions or expenses as
well as any other relevant equitable considerations, including, without limitation, the failure to give any notice under Section 7(c) above, provided, that in no event shall any contribution by any Holder hereunder exceed the net
proceeds (after payment of any underwriting fees, discounts, commissions or taxes) from the sale of Registrable Securities in the offering actually received by such Holder. The relative fault shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact relates to information supplied by the Company, on the one hand, or the Underwriter or the sellers of such Registrable Securities, on the other, and to the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The Company and each of the Holders agrees that it would not be just and equitable if contributions pursuant to this Section 7(d)
were determined by pro rata allocation (even if all of the sellers of such Registrable Securities were treated as one entity for such purpose) or by any other method of allocation which did not take account of the equitable considerations referred
to above in this section. The amount paid or payable by an indemnified party as a result of the losses, claims, damages, liabilities, judgments, actions or expenses in respect thereof, referred to in this Section 7(d), shall be deemed to
include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act), shall be entitled to contribution from any Person who is not guilty of such fraudulent misrepresentation. 

Section 8. Rule 144. The Company agrees with the Holders that it shall timely file any and all reports required to be filed by it
under the Securities Act and the Exchange Act and the rules and regulations adopted by the Commission thereunder and shall make and keep public information available as those terms are understood and defined in Rule 144(c) under the Securities Act.
Upon the written request of any Holder, the Company shall promptly furnish to such Holder a written statement by the Company as to its compliance with the reporting requirements set forth in this Section 8. The Company will, at the
request of a Holder, upon receipt from such Holder of a certificate certifying (i) that such Holder has held its Registrable Securities for the applicable holding period under Rule 144 with respect to the Holder’s possession of such
Registrable Securities, as in effect on the date of such certificate, (ii) that such Holder has not been an affiliate (as defined in Rule 144) of the Company during any of the 90 preceding days, and (iii) as to other matters as may be
required in accordance with Rule 144, remove from the stock certificates representing such Registrable Securities that portion of any restrictive legend which relates to the registration provisions of the Securities Act. The Company acknowledges and
agrees that the purpose of the requirements contained in this Section 8 are to enable the Holders to comply with the current public information requirement contained in paragraph (c) of Rule 144 of the Securities Act should the
Holders 

  
 10 

 
ever wish to dispose of any of the securities of the Company acquired by it without registration under the Securities Act in reliance upon Rule 144 (or any similar exemptive provision). The
Company shall take such other measures, and file such other information, documents and reports, as shall hereafter be required by the Commission as a condition to the availability of Rule 144 under the Securities Act (or any similar provision
hereafter in effect). The Company shall use commercially reasonable efforts to obtain eligibility to use Form S-3, and shall take such further action as the Holders of Registrable Securities may reasonably request, all to the extent required from
time to time to enable such Holders to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 under the Securities Act, as such rules may be amended from time to time,
or any similar rule or regulation hereafter adopted by the Commission. 
 Section 9. Holdback Agreement. Each Holder agrees that
in the event (a) the Company proposes to offer for sale to the public any of its equity securities, (b) such Holder is requested by an Underwriter engaged by the Company in connection with a firmly committed underwritten Public Offering to
sign an agreement restricting the sale or other transfer of any Registrable Securities and (c) the following Persons (the “Restricted Sellers”) are restricted in the same manner and for the same duration: (i)(A) all of
the Company’s Affiliates and executive officers and all of the members of the Board of Directors and (B) all of the securities that could be requested to be included in any registration pursuant to the Pegasus Registration Rights Agreement
and the Tri-Party Registration Rights Agreement and (ii) if such Persons are selling stockholders in such offering, (A) all of the securities that could be requested to be included in any registration pursuant to Home Depot Registration
Rights Agreement and the Medley Registration Rights Agreement and any successors, assigns and transferees thereof, then such Holder will promptly sign such agreement and will not transfer, whether in privately negotiated transactions or to the
public in open market transactions or otherwise, any Registrable Securities or any other securities of the Company held by him, her or it during such period as is determined by the Underwriter(s), not to exceed, (x) in the case of the
Company’s initial Qualified Public Offering, the seven (7) day period prior to and 180 days following the closing of the Company’s initial Qualified Public Offering and (y) in the case of any other underwritten Public Offering,
the seven (7) day period prior to and 90 days following the closing of such Public Offering (each such period, the “Lock-Up Period”). Any such lock-up agreement shall be in writing and in form and substance reasonably
satisfactory to such Underwriter and pursuant to customary and prevailing terms and conditions. Notwithstanding whether the Holder has signed such an agreement, the Company may impose stop-transfer instructions with respect to the Registrable
Securities or any other securities of the Company subject to the foregoing restrictions until the end of the Lock-Up Period. Notwithstanding the foregoing, if any Restricted Seller is or becomes subject to a shorter Lock-Up Period under any lock-up
agreement (including but not limited to as a result of any discretionary waiver or termination of the restrictions of any or all of such agreements by the Company or the Underwriters) or otherwise subsequently becomes subject to terms different from
those set forth in such lock-up agreement, then, if applicable, the Lock-Up Period shall be such shorter period and each Holder shall have to right, but not the obligation, to accept such differing terms and such Holder’s lock-up agreement
shall be so amended. 
 Section 10. Headings. The underlined headings contained in this Agreement are for convenience of
reference only, shall not be deemed to be a part of this Agreement and shall not be referred to in connection with the construction or interpretation of this Agreement. 

Section 11. 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. If the final judgment
of a court of competent jurisdiction declares that any term or provision hereof is invalid or unenforceable, the parties hereto agree that the court making such determination shall have the power to limit the term or provision, to delete specific
words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this
Agreement shall be enforceable as so modified. In the event such court does not exercise the power granted to it in the prior sentence, the parties hereto agree to replace such invalid or unenforceable term or provision with a valid and enforceable
term or provision that will achieve, to the extent possible, the economic, business and other purposes of such invalid or unenforceable term. 

  
 11 

 Section 12. Series J Purchaser Joinder. The Company and each Investor acknowledge and
agree that subsequent to the date hereof additional Persons may purchase Preferred Shares and Warrants in accordance with the Series J Subscription Agreement. Any such additional Person shall become party to this Agreement by the execution and
delivery of a joinder agreement substantially in the form attached hereto as Exhibit A by such Person and the Company, pursuant to which such additional Person agrees to be bound by the terms of this Agreement, and such additional Person shall
thereafter be deemed to be an Investor for all purposes of this Agreement and shall have the rights and be subject to the obligations of an Investor hereunder, and such joinder shall occur automatically without any further action by any other party
hereto. 
 Section 13. Transfer or Assignment of Registration Rights. This Agreement and the rights, duties and obligations of
the Company hereunder may not be assigned or delegated by the Company in whole or in part. This Agreement and the rights, duties and obligations of any current or subsequent Holder of Registrable Securities hereunder may be freely assigned by such
current or subsequent Holder of Registrable Securities in conjunction with and to the extent of any transfer by such current or subsequent Holder of Registrable Securities to any Person; provided, that none of the rights, duties or
obligations of such current or subsequent Holder of Registrable Securities shall be assignable unless: (i) if such transferee is not an Affiliate of such Holder, the aggregate amount of Registrable Securities transferred to such transferee
amounts to at least 10,000,000 shares of Common Stock (calculated on an as-converted or exercised basis with respect to any Preferred Shares, Warrants or other Convertible Securities (provided such shares have vested) and after giving effect to any
reclassification, stock split, reverse stock split, stock dividend, subdivision, combination, consolidation, recapitalization or any similar proportionately applied change of outstanding shares of Common Stock after the date of this Agreement); and
(ii) such transferee signs a joinder agreement to this Agreement in the form attached hereto as Exhibit A. This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties hereto and their
respective successors and the permitted assigns of any Holder or of any assignee of such Holder. Except as provided in the immediately preceding sentence or unless the Company gives its prior written consent, an assignment of the rights, interests
or obligations hereunder shall be null and void ab initio. 
 Section 14. Entire Agreement; Modification. This Agreement
constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral and written, between the parties hereto with respect to the subject matter hereof. Any
inconsistent provisions in the documents governing the Preferred Shares or the Warrants relating to registration rights or lock up provisions shall be superseded by the provisions hereof to the extent required to make them not inconsistent. Except
as expressly provided in this Agreement, none of the provisions of this Agreement may be amended, modified or supplemented, and waivers or consents to departures from the provisions thereof may not be given, unless the Company has obtained the
written consent of Holders holding a majority of the Registrable Securities so affected by such amendment, modification, supplement, waiver or consent to departure; provided, that a waiver or consent to departure from the provisions of this
Agreement that relates exclusively to the rights of the Holders whose Registrable Securities are being sold pursuant to a registration statement and that does not directly or indirectly adversely affect the rights of any other Holders may be given
by the Holders holding a majority of the Registrable Securities being sold; provided, further, that for so long as Serengeti holds any Registrable Securities, no such amendment, modification, supplement, waiver or consent to departure
shall be effective without the written consent of Serengeti. Notwithstanding the foregoing, no Holder’s rights under Section 7 may be adversely affected without the consent of such Holder. 

  
 12 

 Section 15. Notices. All notices, requests, demands, claims and other communications
that are required or may be given pursuant to this Agreement must be in writing and delivered personally against written receipt, by facsimile, by email or by reputable domestic or international overnight courier to the parties at the following
addresses (or to the attention of such other Person or at such other address as any party may provide to the other party by notice in accordance with this Section 15): 

 

					
	 If to the Company, to it at:
	  	Lighting Science Group Corporation	  	
		  	1227 South Patrick Drive	  	
		  	Building 2A	  	
		  	Satellite Beach, FL 32937	  	
		  	Attention: Chief Financial Officer	  	
		  	Telephone: (321) 779-5520	  	
		  	Facsimile: (321) 779-5521	  	
			
	 with a copy to:
	  	Haynes and Boone, LLP	  	
		  	2323 Victory Avenue, Suite 700	  	
		  	Dallas, TX 75219	  	
		  	Attention: Ryan R. Cox	  	
		  	Telephone: (214) 651-5273	  	
		  	Facsimile: (214) 200-0534	  	
		  	Email: ryan.cox@haynesboone.com	  	
			
	 If to an Investor, to it at:
	  	The address of such investor as it appears on the Schedule of Purchasers of the Subscription Agreement.	  	

 Any such notice, request, demand, claim or other communication will be deemed to have been given (a) if
personally delivered, when so delivered, (b) if sent by facsimile or email, upon transmission with electronic confirmation thereof or (c) if sent by reputable domestic or international overnight courier, when received. 

Section 16. Counterparts. This Agreement may be executed in several counterparts, each of which shall constitute an original and
all of which, when taken together, shall constitute one agreement. The exchange of a fully executed Agreement (in counterparts or otherwise) by fax or email (in .pdf or .tif format) transmission shall be sufficient to bind the parties to the terms
and conditions of this Agreement. No party to this Agreement will raise the use of a fax or email to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a fax or email as a
defense to the formation or enforceability of a contract, and each such party forever waives any such defense. 
 Section 17.
Remedies Cumulative. In the event that the Company fails to observe or perform any covenant or agreement to be observed or performed under this Agreement, a Holder may proceed to protect and enforce its rights by suit in equity or action at
law, whether for specific performance of any term contained in this Agreement or for an injunction against the breach of any such term or in aid of the exercise of any power granted in this Agreement or to enforce any other legal or equitable right,
or to take any one or more of such actions, without being required to post a bond. None of the rights, powers or remedies conferred under this Agreement shall be mutually exclusive, and each such right, power or remedy shall be cumulative and in
addition to any other right, power or remedy, whether conferred by this Agreement or now or hereafter available at law, in equity, by statute or otherwise. 

Section 18. Governing Law.  

(a) This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to conflicts
of law principles that would result in the application of the substantive laws of another jurisdiction. Each of the parties hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall
be brought and enforced in the courts of the State of New York or the United States District Court for the District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. Each of the parties hereby waives
any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. 

  
 13 

 (b) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT
IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 
 Section 19. Interpretation. As used herein,
the words “hereof”, “herein”, “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement, and the word
“Section” refers to a Section of this Agreement unless otherwise specified. Whenever the words “include”, “includes” or “including” are used in this Agreement they shall be deemed to be followed by the words
“without limitation”. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms. 

Section 20. Termination of Rights. The provisions of this Agreement, except the provisions in Sections 6 and 7 of
this Agreement, shall terminate upon the earlier of: (i) the first day that all Registrable Securities have been sold by all of the Holders; (ii) with regard to any specific Holder, the first day that such Holder no longer owns any
Registrable Securities; and (iii) the tenth anniversary of the date of this Agreement; provided, that the indemnification and contribution rights and obligations hereunder shall not terminate and shall survive forever. 

[SIGNATURE PAGE FOLLOWS] 

  
 14 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as an instrument
under seal as of the date and year first above written. 
  

			
	LIGHTING SCIENCE GROUP CORPORATION
		
	By:	 	 /s/ Dennis McGill

	Name:	 	Dennis McGill
	Title:	 	Chief Financial Officer

 Signature Page to Registration Rights Agreement 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as an instrument
under seal as of the date and year first above written. 
  

			
	INVESTOR:
	
	SERENGETI OPPORTUNITIES MM L.P.
	
	By: Serengeti Asset Management LP, as the Investment Advisor
		
	 By:
	 	 /s/ Marc Baum

	 Name:
	 	Marc Baum
	 Title:
	 	Director

 Signature Page to Registration Rights Agreement 

 
			
	INVESTOR:
	
	SERENGETI LYCAON MM L.P.
	
	By: Serengeti Asset Management LP, as the Investment Advisor
		
	By:	 	 /s/ Marc Baum

	 Name:
	 	Marc Baum
	 Title:
	 	Director

 Signature Page to Registration Rights Agreement 

 SCHEDULE A 

Schedule of Investors 
  

							
	 Name of Investor
	  	Number of Preferred Shares
Purchased at Closing	 	  	Date of Closing
	 Serengeti Opportunities MM L.P.
	  	 	3,000	  	  	November 14, 2014
	 Serengeti Lycaon MM L.P.
	  	 	10,000	  	  	November 14, 2014

 EXHIBIT A 

FORM OF 
 JOINDER
AGREEMENT 
 The undersigned hereby agrees, effective as of the date hereof, to become a party to that certain Registration Rights
Agreement (the “Agreement”), dated as of November 14, 2014, by and among Lighting Science Group Corporation (the “Company”) and the holders of the Company’s securities listed on Schedule A
thereto, as amended from time to time, and for all purposes of the Agreement, the undersigned shall be included within the term “Investor” (as defined in the Agreement). The address and facsimile number to which notices may
be sent to the undersigned is as follows: 
 Address: 

Facsimile No.: 
 This
         day of         , 20    . 
  

			
	[INVESTOR]
	
	  

	Name:	 	  

	Title:	 	  

	Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00237-of-00352.parquet"}]]