Document:

Form of Registration Rights Agreement

 Exhibit 10.2 
 FORM OF 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of •, 2006, by and among SunPower
Corporation, a Delaware corporation (“Parent”), and the securityholders listed on Schedule A hereto. 
 BACKGROUND 
 A. Parent, Pluto Acquisition Company LLC, a Delaware limited liability company and a direct wholly owned
subsidiary of Parent (“Merger Sub”), PowerLight Corporation, a California corporation (the “Company”), and Thomas L. Dinwoodie, as the representative of certain shareholders of the Company, have
entered into an Agreement and Plan of Merger dated as of November 15, 2006, as amended by that certain First Amendment to Agreement and Plan of Merger dated as of December 21, 2006, by and between Parent and the Company (the
“Merger Agreement”), pursuant to which the Company will be merged with and into Merger Sub, and shares of Company Capital Stock held by the shareholders of the Company will be exchanged for cash and shares of Parent Common
Stock. 
 B. The execution and delivery of this Agreement is a condition to the obligations of Parent and the Company consummate the
transactions contemplated by the Merger Agreement. 
 AGREEMENT 
 The parties hereto hereby agree as follows: 
 1. DEFINITIONS 
 (a) General. Capitalized terms used and not otherwise defined herein shall have the respective meanings
ascribed to them in the Merger Agreement. 
 (b) Certain Terms. As used in this Agreement, the following terms shall have the
following meanings: 
 “Convertible Securities” shall mean stock or other securities directly or indirectly
convertible into or exchangeable or exercisable for shares of Parent Common Stock (including, without limitation, options, warrants or other rights to purchase or otherwise acquire Parent Common Stock). 
 “Form S-3” means such form under the Securities Act as in effect on the date hereof or any successor form under the Securities
Act. 
 “Holder” shall mean any Person owning or having the right to acquire Registrable Securities or any assignee
thereof in accordance with Section 2(g). 
 “Pre-Closing Information” shall mean (i) with respect to
Parent, information regarding Parent and its Subsidiaries that either relates to events that occurred prior to the Closing or was first provided by Parent to the Company or its Affiliates prior to the 

 
Closing, including, without limitation, all information regarding Parent or its Subsidiaries contained in the Private Placement Information Statement or any
document filed by Parent with the SEC prior to the Closing, and (ii) with respect to the Holders, information regarding the Company and its Subsidiaries that either relates to events that occurred prior to the Closing or was first provided by
the Company or its Affiliates to Parent prior to the Closing, including, without limitation, all information regarding the Company or its Subsidiaries contained in the Private Placement Information Statement. 
 “Prospectus” means any prospectus (including each amendment and supplement thereto) that forms a part of any Registration
Statement. 
 “Register,” “registered” and “registration” refer to
the registration of a distribution of securities under the Securities Act. 
 “Registrable Securities” means
(i) the shares of Parent Common Stock issued or issuable in the Merger (excluding shares the issuance or resale of which is registered or to be registered on Form S-8 pursuant to Section 4.14 of the Merger Agreement or otherwise), and
(ii) any other shares of Parent Common Stock or other securities (including Parent Common Stock issuable upon conversion or exercise of any Convertible Securities) issued in exchange for or replacement of, any of the shares of Parent Common
Stock referred to in clause (i), and (iii) any other shares of Parent Common Stock or other securities (including Parent Common Stock issuable upon conversion or exercise of any Convertible Securities) issued as a dividend or other distribution
with respect to any of the shares of Parent Common Stock referred to in clause (i), except for securities other than Parent Common Stock as to which no registration rights are being extended by Parent in connection with such dividend or other
distribution; provided, however, that Registrable Securities shall cease to be Registrable Securities if and when (A) the Holder thereof Transfers them to a transferee and does not assign to such transferee in accordance with
Section 2(g) such Holder’s rights under this Agreement with respect thereto, or (B) the Holder thereof Transfers them to a transferee in a transaction registered under the Securities Act or exempt from registration under the
Securities Act, with the result, in either such case, that they do not constitute “restricted securities” (as such term is defined in Rule 144) in the hands of such transferee; and, provided further, that the shares described in
clauses (i) and (iii) above shall cease to be Registrable Securities five years after the Closing. 
 “Registrable
Securities then outstanding” means, as of any particular time, all Registrable Securities that are either shares of Parent Common Stock that are then outstanding or shares of Parent Common Stock that are issuable upon the exercise,
conversion or exchange of securities that are then outstanding and immediately exercisable, convertible or exchangeable. 
 “Registration Termination Date” shall mean the earliest to occur of the following: (i) the first date when all of the Registrable Securities registered under the Registration Statement (as such term is defined
in Section 2(a)) shall have been sold, (ii) the first date when all Registrable Securities may be sold by the Holders thereof without restriction in compliance with Rule 144 and Rule 145 within a ninety-day period, and (iii) the first
date when no Registrable Securities remain outstanding. 
  

 -2- 

 “Rule 144” shall mean Rule 144 promulgated under the Securities Act and any
successor or substitute rule, law or provision. 
 “Rule 145” shall mean Rule 145 promulgated under the Securities
Act and any successor or substitute rule, law or provision. 
 “Shareholder Agreement” shall mean any executed
shareholder agreement in the form attached to the Merger Agreement as Exhibit N. 
 “Transfer” means any transaction
by which a Person directly or indirectly sells, transfers or otherwise disposes of a security or any interest therein. 
 2. REGISTRATION
RIGHTS 
 (a) S-3 Registration. 
 (i) As soon as practicable after the Closing, but in no event later than two business days after the Closing, Parent shall prepare and file with the SEC a registration statement on Form S-3 for the purpose of registering under the
Securities Act all of the Registrable Securities for resale by, and for the account of, the Holders as selling stockholders thereunder (such registration statement, as amended or supplemented from time to time, and together with any replacement or
substitute registration statements, the “Registration Statement”). The Registration Statement would permit the Holders to offer and sell, on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, any or
all of the Registrable Securities. 
 (ii) Parent shall use its reasonable best efforts to have the Registration Statement declared
effective by the SEC as promptly as practicable and to keep the Registration Statement effective during the period beginning with the declaration by the SEC of its effectiveness until the Registration Termination Date. From and after the
Registration Termination Date, Parent shall be entitled to withdraw the Registration Statement, and the Holders shall have no further right to offer or sell any of the Registrable Securities pursuant to the Registration Statement (or any Prospectus
relating thereto). 
 (b) Obligations of Parent. In connection with any registration contemplated by Section 2(a), Parent shall:

 (i) Prepare and file with the SEC such amendments and supplements to the Registration Statement and the Prospectus used in connection
with the Registration Statement as may be necessary to comply with the provisions of the Securities Act with respect to the contemplated distribution of all securities covered by such Registration Statement for so long as Parent is required to
maintain the effectiveness of the registration under Section 2(a); 
 (ii) Furnish to the Holders such numbers of copies of the
applicable Registration Statement (and each amendment and supplement thereto) and of a Prospectus, including any 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 distribution of Registrable Securities owned by them; 
  

 -3- 

 (iii) Notify each Holder of Registrable Securities covered by such Registration Statement, at any time
when a related Prospectus is required to be delivered under the Securities Act, of the occurrence of any event as a result of which such Prospectus contains an untrue statement of a material fact or omits any fact necessary to make the statements
therein not misleading in light of the circumstances in which they are made; and, thereafter, subject to Section 2(f), Parent shall promptly prepare (and, when completed, give notice to each selling Holder) a supplement or amendment to such
Prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such Prospectus shall not contain an untrue statement of a material fact or omit to state any fact necessary to make the statements therein not misleading
in light of the circumstances in which they are made; provided, however, that upon such notification by Parent, the selling Holders shall not offer or sell Registrable Securities unless and until (A) Parent has notified such
selling Holders that it has prepared a supplement or amendment to such Prospectus and delivered copies of such supplement or amendment to such selling Holders, or (B) Parent has advised such selling Holders in writing that the use of the
applicable Prospectus may be resumed (it being understood and agreed by Parent that the foregoing proviso shall in no way diminish or otherwise impair Parent’s obligation to promptly prepare a Prospectus amendment or supplement as above
provided in this Section 2(b)(iii) and deliver copies of same as above provided in Section 2(b)(ii)); 
 (iv) Use commercially
reasonable efforts to register and qualify the Registrable Securities covered by such Registration Statement under such other securities or Blue Sky laws of such jurisdictions as shall be reasonably appropriate, as reasonably requested by any of the
selling Holders, to keep such registration or qualification in effect for so long as such Registration Statement remains in effect, and to take any other reasonable action which may be necessary to enable such Holder to consummate the disposition in
such jurisdictions of the securities owned by such Holder; provided, however, that Parent shall not be required in connection therewith or as a condition thereto to qualify to do business, to file a general consent to service of
process or to become subject to any material tax in any such states or jurisdictions; and, provided, further, that (notwithstanding anything in this Agreement to the contrary with respect to the bearing of expenses) if any jurisdiction
in which any of such Registrable Securities shall be qualified shall require that expenses incurred in connection with the qualification therein of any such Registrable Securities be borne by the selling Holders without reimbursement by Parent, then
each selling Holder shall, to the extent required by such jurisdiction, pay its respective pro rata share of such qualification expenses; 
 (v) In connection with a sale of Registrable Securities pursuant to the Registration Statement (assuming that no stop order is in effect with respect to such Registration Statement at the time of such sale), cooperate with the selling
Holder and use commercially reasonable efforts to provide the transfer agent for the Registrable Securities with such instructions and legal opinions as may be required in order to facilitate the issuance to the purchaser (or the selling
Holder’s broker) of new unlegended certificates for such Registrable Securities; and 
 (vi) Cause all such Registrable Securities to
be listed on each securities exchange or quotation system on which similar securities issued by Parent are listed or traded. 
  

 -4- 

 (c) Expenses of Registration. All fees, disbursements and expenses incurred in connection with the
filings, registrations, qualifications, deliveries and other actions required to be made, effected or taken in connection with the Registration Statement shall be borne by Parent. 
 (d) Delay of Registration. No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any registration as
the result of any controversy that might arise with respect to the interpretation or implementation of this Section 2. 
 (e) Reports
Under the Exchange Act. With respect to each Holder, from and after the Closing until the earlier of (i) the date upon which all of the Registrable Securities that such Holder owns or has the right to acquire may be sold by such Holder
without restriction in compliance with Rule 144 and Rule 145 within a ninety-day period, and (ii) the date upon which all other rights of the Holders under this Section 2 shall have expired in accordance with Section 2(h), Parent
shall use commercially reasonable efforts to (A) make and keep public information available, as those terms are understood and defined in the General Instructions to Form S-3 and in Rule 144, and (B) file with the SEC all reports and other
documents required to be filed by an issuer of securities registered under Sections 13 or 15(d) of the Exchange Act. 
 (f) Suspension
Periods. Notwithstanding anything in this Agreement to the contrary, upon (i) the issuance by the SEC of a stop order suspending the effectiveness of the Registration Statement or the initiation of proceedings with respect to any
Registration Statement under Section 8(d) or 8(e) of the Securities Act, (ii) the occurrence of any event or the existence of any fact (a “Material Event”) as a result of which the Registration Statement shall
contain any 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, or any Prospectus shall contain any 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, in the light of the circumstances under which they were made, not misleading, or (iii) the occurrence or existence of any pending
corporate development that, in the reasonable discretion of Parent, makes it appropriate to suspend the availability of any Registration Statement and the related Prospectus, Parent shall (A) in the case of clause (ii) above, as soon as,
in the reasonable judgment of Parent, public disclosure of such Material Event would not be prejudicial to or contrary to the interests of Parent or, if necessary to avoid unreasonable burden or expense, as soon as reasonably practicable thereafter,
prepare and file a post-effective amendment to the Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into
the Registration Statement and Prospectus so that the Registration Statement does not contain any 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 such Prospectus does not contain any 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, in the light of the circumstances under which they
were made, not misleading, as thereafter delivered to the purchasers of the Registrable Securities being offered and sold thereunder, and, in the case of a post-effective amendment to a Registration Statement, subject to the next sentence, use
reasonable best efforts to cause it to be declared effective as promptly as is reasonably practicable, and (B) give notice to the selling Holders that the availability of the Registration Statement and Prospectus is suspended (a
“Deferral Notice”) and, 

  

 -5- 

 
upon receipt of any Deferral Notice, each Holder agrees not to sell any Registrable Securities pursuant to the Registration Statement or Prospectus until
such Holder has received copies of the supplemented or amended Prospectus provided for in clause (A) above, or has been advised in writing by Parent that the Registration Statement and Prospectus may be used, and has received copies of any
additional or supplemental filings that are incorporated or deemed incorporated by reference in the Registration Statement or Prospectus. Parent shall use reasonable best efforts to ensure that the use of such Registration Statement and Prospectus
may be resumed (x) in the case of clause (i) above, as promptly as is practicable, (y) in the case of clause (ii) above, as soon as, in the reasonable judgment of Parent, public disclosure of such Material Event would not be
prejudicial to or contrary to the interests of Parent or, if necessary to avoid unreasonable burden or expense, as soon as reasonably practicable thereafter, and (z) in the case of clause (iii) above, as soon as, in the reasonable
discretion of Parent, such suspension is no longer appropriate. The period during which the availability of a Registration Statement or Prospectus is suspended under the circumstances described in clauses (ii) or (iii) of the first
sentence of this Section 2(f) (a “Deferral Period”) shall not exceed an aggregate of 90 days for all Deferral Periods in any 12-month period, and there shall be no more than two Deferral Periods in any 12-month period.
In order to enforce the covenants of the Holders set forth in this Section 2(f), Parent may impose stop transfer instructions with respect to the Registrable Securities of each Holder (and the shares or securities of every other person subject
to the foregoing restriction) until the end of each Deferral Period. Notwithstanding anything to the contrary contained herein, for a period from the Closing until 61 days after the Registration Statement has been declared effective (the
“Resale Period”), Parent shall not enter into or pursue any transaction or take any action reasonably within its control which results, and which Parent knew or should reasonably have known would result, in the circumstances
described in clauses (ii) or (iii) of the first sentence of this Section 2(f) occurring during the Resale Period; provided, however, that Parent shall be permitted to close one Permitted Financing (as defined below) during the Resale
Period and in connection with such Permitted Financing, at the request of Parent, each Holder shall agree not to sell any Registrable Securities pursuant to the Registration Statement or Prospectus for one period of up to two weeks from the date of
notice by Parent of its intention to pursue a Permitted Financing (the “Holders Lock-Up Period”) provided that the Resale Period shall be extend for the length of the Holders Lock-Up Period. “Permitted
Financing” means a financing transaction pursuant to which Parent issues (i) Parent Common Stock (or any equity securities convertible into Parent Common Stock) at a price not less than any customary discount to market, or
(ii) any debt securities convertible into Parent Common Stock (A) with a conversion price at a premium to market and (B) on terms and conditions customary for convertible debt offerings; provided, however, that, in each case,
the aggregate proceeds to Parent for such financing shall not exceed $150,000,000. 
 (g) Transfer of Registration Rights. The
registration rights of any Holder under this Agreement may be transferred or assigned to any transferee of such Holder; provided that such transfer may otherwise be and is effected in accordance with applicable federal and state securities
laws; and, provided further, that (A) unless such transferee or assignee is already a party to this Agreement, such transferee or assignee shall have agreed to become a party to, and bound by all of the terms and conditions of, this
Agreement by duly executing and delivering to Parent an Instrument of Adherence in the form attached as Exhibit A hereto (an “Instrument of Adherence”), (B) the transfer or assignment of the associated
Registrable Securities is made in accordance with the requirements of the Merger Agreement and any other applicable agreements 

  

 -6- 

 
or instruments by which such Holder is bound, and (C) following such transfer or assignment, the further disposition of such Registrable Securities by
such Person is restricted under the Securities Act and applicable state securities laws. 
 (h) Termination of Registration Rights. No
Holder shall be entitled to exercise any right provided for in this Section 2 in connection with the Registration Statement after the earlier of (i) the Registration Termination Date, and (ii) the first time such Holder may sell all
of its Registrable Securities without restriction in compliance with Rule 144 and Rule 145 within a ninety-day period. . 
 3.
INDEMNIFICATION 
 (a) Indemnification by Parent. Parent will indemnify each Holder of Registrable Securities with respect to which
registration has been effected pursuant to this Agreement, each of such Holder’s officers and directors and each person controlling (within the meaning of the Securities Act) such Holder, against all claims, losses, damages, costs, expenses and
liabilities of any nature whatsoever (or actions in respect thereof) (“Losses”) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any registration statement,
prospectus or other document filed with the SEC incident to any such registration (each, a “Registration Document”), or arising out of or based on 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, and will reimburse each such Holder, each of its officers and directors and each person controlling such Holder for any legal and other expenses reasonably incurred in
connection with investigating or defending any such Losses, except that Parent will not be liable in any such case to the extent that any such Loss arises out of or is based on any untrue statement or omission based upon (i) written information
furnished to Parent by any Holder specifically for use therein, or (ii) Pre-Closing Information. 
 (b) Indemnification by the
Holders. Each Holder will, if Registrable Securities held by or issuable to such Holder are included in the securities to which a registration is being effected, indemnify Parent, each of its directors and officers and each person who controls
Parent within the meaning of the Securities Act, and each other Holder, each of such other Holder’s officers and directors and each person controlling such other Holder, against all Losses arising out of or based on any untrue statement (or
alleged untrue statement) of a material fact contained in any Registration Document, or arising out of or based on 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, and will reimburse Parent, such other Holders, and such directors, officers and other persons for any legal or other expenses reasonably incurred in connection with investigating or defending any such Losses, in each case to
the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such registration statement, prospectus or other document filed with the SEC in reliance upon and in conformity
with written information (excluding Pre-Closing Information) furnished to Parent by such Holder specifically for use therein. 
 (c)
Procedures for Indemnification. Each party entitled to indemnification under this Section 3 (the “Indemnified Party”), shall give notice to the party required to provide indemnification (the
“Indemnifying Party”) promptly after such Indemnified Party has actual 

  

 -7- 

 
knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation
resulting therefrom, provided that counsel for the Indemnifying Party, who shall conduct the defense of such claim or litigation, shall be approved by the Indemnified Party (whose approval shall not unreasonably be withheld), and the
Indemnified Party may participate in such defense. A failure to give notice in accordance with this Section 3(c) shall in no case prejudice the rights of the Indemnified Party under this Agreement unless the Indemnifying Party shall be
materially prejudiced by such failure and then only to the extent of such prejudice. No Indemnifying Party, in the defense of any such claim or litigation, shall, except with the consent of each Indemnified Party, consent to entry of any judgment or
enter into any settlement that does not include as an unconditional term thereof, the giving of a release from all liability in respect to such claim or litigation. If any such Indemnified Party shall have been advised by counsel chosen by it that
there may be one or more legal defenses available to such Indemnified Party that are different from or additional to those available to the Indemnifying Party, the Indemnifying Party shall not have the right to assume the defense of such action on
behalf of such Indemnified Party and will reimburse such Indemnified Party and any person controlling such Indemnified Party for the reasonable fees and expenses of any counsel retained by the Indemnified Party, it being understood that the
Indemnifying Party shall not, in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the reasonable fees and expenses of more
than one separate firm of attorneys for such Indemnified Party or controlling person, which firm shall be designated in writing by the Indemnified Party to the Indemnifying Party. 
 (d) Pre-Closing Information. It is agreed that indemnification pursuant to this Section 3 shall not be available to any party to the extent
that any claim, loss, damage, cost, expense, liability or action of or against such party arises out of or is based on any untrue statement or omission based upon Pre-Closing Information. 
 (e) Information by Holder. The Holder or Holders of Registrable Securities included in any registration shall furnish to Parent such information
regarding such Holder or Holders and the distribution proposed by such Holder or Holders as Parent may reasonably request in writing and as shall be required in connection with any registration, qualification or compliance referred to in this
Agreement. It is agreed that such information shall be, and Pre-Closing Information shall not be, “written information furnished to Parent specifically for use in such registration statement” within the meaning of Sections 3(a) and 3(b).

 (f) Contribution. In order to provide for just and equitable contribution to joint liability under the Securities Act in any case
in which either (i) any party entitled to indemnification under this Section 3 makes a claim for indemnification pursuant to this Section 3 but it is judicially determined (by the entry of a final judgment or decree by a court of
competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding the fact that this Section 3 provides for indemnification in such
case, or (ii) contribution under the Securities Act may be required on the part of any such party in circumstances for which indemnification is provided under this Section 3; then, and in each such case, the Indemnifying Party will
contribute to the aggregate Losses of the Indemnified Party in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions 

  

 -8- 

 
which resulted in such Losses, as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party and Indemnified Parties
shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been made by, or relates to
information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action. If the allocation provided in this paragraph
(f) is not permitted by applicable law, the parties shall contribute (i) as between Parent and the selling Holders, based upon the relative benefits received by Parent from the initial offering of the Registrable Securities on the one hand
and the net proceeds received by the selling Holders from the sale of Registrable Securities on the other and (ii) as among the selling Holders, in proportion to the net proceeds received by a selling Holder bears to the aggregate net proceeds
received by all of the selling Holders. Notwithstanding anything to the contrary contained herein, (A) no Holder will be required to contribute any amount in excess of the public offering price of all such Registrable Securities offered and
sold by such Holder pursuant to such registration statement, and (B) no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any person or
entity who was not guilty of such fraudulent misrepresentation. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 3(f) were determined by pro rata allocation or by any other method of
allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. 
 (g)
Survival. The obligations of Parent and Holders under this Section 3 shall survive until the fifth anniversary of the completion of any offering of Registrable Securities in a registration statement, regardless of the expiration of any
statutes of limitation (or extensions thereof). 
 4. MISCELLANEOUS 
 (a) Equitable Adjustments. In the event of any stock split, reverse stock split, stock dividend, reorganization, reclassification, combination,
recapitalization or other like change with respect to the Parent Common Stock occurring after the Closing, all references in this Agreement to specified numbers of shares of Parent Common Stock and all references to dollar amounts or purchase prices
connected with shares of Parent Common Stock shall be equitably adjusted to the extent necessary to provide the parties the same economic effect as contemplated by this Agreement prior to such stock split, reverse stock split, stock dividend,
reorganization, reclassification, combination, recapitalization or other like change. 
 (b) Additional Parties. One or more
additional Persons may become parties to this Agreement after the date hereof; provided that (i) either (A) such Person is entitled to receive Registrable Securities pursuant to the Merger Agreement, or (B) such Person has been
validly assigned rights under Section 2(g), and (ii) in either case, such Person has agreed to become a party to, and to be bound by, all of the terms and conditions of this Agreement by duly executing and delivering to Parent an
Instrument of Adherence. 
 (c) Amendment and Waivers. This Agreement may not be amended or modified, except (i) by an instrument
in writing signed by Parent and each Holder, or (ii) by a 

  

 -9- 

 
waiver in accordance with Section 4(d). Any amendment or waiver in accordance with this Section 4(c) shall be binding on the parties hereto and any
future parties to this Agreement as contemplated by Sections 2(g) and 4(b). 
 (d) Extension; Waiver. Any party hereto may, to the
extent legally allowed, (i) extend the time for the performance of any obligation or other act of the other parties hereto, (ii) waive any inaccuracy in the representations and warranties made to such party herein or in any document
delivered pursuant hereto, and (iii) waive compliance with any agreement or condition for the benefit of such party contained herein. Any agreement on the part of a party hereto to any such extension or waiver shall be valid only if set forth
in an instrument in writing signed on behalf of such party. Without limiting the generality or effect of the preceding sentence, no delay in exercising any right under this Agreement shall constitute a waiver of such right, and no waiver of any
breach or default shall be deemed a waiver of any other breach or default of the same or any other provision in this Agreement. 
 (e)
Notices. All notices and other communications hereunder shall be in writing and shall be deemed given when delivered personally, one business day after having been dispatched by a nationally recognized overnight courier service or when sent
via facsimile (with acknowledgment of complete transmission) to the parties at the following addresses (or at such other address for a party as shall be specified by like notice): 
  

	 	(i)	if to Parent: 

 SunPower Corporation

 3939 North First Street 
 San Jose, California 95134 
 Attention: Emmanuel Hernandez 
 Facsimile No.: 408.739.7713 
 Telephone No.: 408.240.5500 
 with a copy (which shall not constitute notice) to:

 Jones Day 
 2882 Sand Hill Road, Suite 240 
 Menlo Park, California 94025 
 Attention: Daniel R. Mitz 
                   Sean M. McAvoy 
 Facsimile No.: 650.739.3900 
 Telephone No.: 650.739.3939 
  

 -10- 

 after January 5, 2007, to: 
 Jones Day 
 1755 Embarcadero Road 
 Palo Alto, California 94303 
 Attention: Daniel R. Mitz 
                   Sean M. McAvoy 
 Facsimile No.: 650.739.3900 
 Telephone No.: 650.739.3939 
  

	 	(ii)	if to any initial party to this Agreement, to the address set forth for such party on the signature page hereto; and 

  

	 	(iii)	if to any Person that becomes a party to this Agreement after the date hereof, to the address set forth beneath such Person’s signature on the Instrument of Adherence executed
by such Person and Parent or such other written instrument pursuant to which such Person became a party to this Agreement. 

 (f) Headings. The headings and captions in this Agreement are for reference only and shall not be used in the construction or interpretation of this Agreement. 
 (g) Interpretation. The parties have participated jointly in the negotiation and drafting of this Agreement. If any ambiguity or question of
intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this
Agreement. 
 (h) Counterparts. This Agreement may be executed in one or more counterparts (whether delivered by facsimile or
otherwise), each of which shall be considered one and the same instrument and shall become effective when one or more counterparts have been signed by each of the parties hereto and delivered to the other parties hereto; it being understood that all
parties hereto need not sign the same counterpart. 
 (i) Entire Agreement; Assignment. This Agreement constitutes the entire
agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof. Except as provided in
Section 2(g), neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties (whether pursuant to a merger, by operation of law or otherwise) without the prior written consent of the
other parties, except by Parent to the surviving or acquiring company or its parent in the event of a merger involving Parent or an acquisition of all or substantially all of the assets or equity of Parent so long as such surviving or acquiring
entity or its parent expressly assumes the obligations of Parent hereunder. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors and
assigns. This Agreement shall also be binding upon and inure to the benefit of any transferee permitted hereunder of any of the Registrable Securities. Notwithstanding 
  

 -11- 

 
anything in this Agreement to the contrary, if at any time any Holder shall cease to own any Registrable Securities, all of such Holder’s rights under
this Agreement shall immediately terminate. 
 (j) Severability. Any term or provision of this Agreement that is held by a court of
competent jurisdiction or arbitrator to be invalid, void 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
invalid, void or unenforceable term or provision in any other situation or in any other jurisdiction. If the final judgment of such court or arbitrator declares that any term or provision hereof is invalid, void or unenforceable, the parties agree
to reduce the scope, duration, area or applicability of the term or provision, to delete specific words or phrases, or to replace any invalid, void or unenforceable term or provision with a term or provision that is valid and enforceable and that
comes closest to expressing the original intention of the invalid or unenforceable term or provision. 
 (k) Governing Law. THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, IRRESPECTIVE OF THE CHOICE OF LAWS PRINCIPLES OF THE STATE OF CALIFORNIA, AS TO ALL MATTERS, INCLUDING MATTERS OF VALIDITY,
CONSTRUCTION, EFFECT, ENFORCEABILITY, PERFORMANCE AND REMEDIES. 
 (l) Binding Arbitration. Except as provided in Sections 4(n) and
4(o), all disputes, controversies or claims (whether in contract, tort or otherwise) arising out of, relating to or otherwise by virtue of this Agreement, breach of this Agreement or the transactions contemplated by this Agreement shall be resolved
as follows: 
 (i) Any disputes shall be settled under the applicable rules of arbitration (except as set forth below) of JAMS, Inc. as
amended from time to time and as modified in this Section 4(l). 
 (ii) The arbitration shall take place in San Francisco, California
and shall be the exclusive forum for resolving such disputes, controversies or claims. The arbitrator shall have the power to order hearings and meetings to be held in such place or places as he or she deems in the interests of reducing the total
cost to the parties of the arbitration. 
 (iii) The arbitration shall be held before a single arbitrator. The arbitrator shall have the
power to order equitable remedies. The arbitrator may hear and rule on dispositive motions as part of the arbitration proceeding (e.g. motions for summary dispositions). 
 (iv) The arbitrator may appoint an expert only with the consent of all of the parties to the arbitration. 
 (v) The arbitrator’s fees and the administrative expenses of the arbitration shall be paid equally by the parties. Each party to the arbitration shall pay its own costs and expenses (including attorney’s fees) in connection with
the arbitration. 
  

 -12- 

 (vi) The award rendered by the arbitrator shall be final and binding on the parties. The award rendered
by the arbitrator may be entered into any court having jurisdiction, or application may be made to such court for judicial acceptance of the award and an order of enforcement, as the case may be. Such court proceeding shall disclose only the minimum
amount of information concerning the arbitration as is required to obtain such acceptance or order. 
 (vii) Except as required by law,
neither any party nor the arbitrator may disclose the existence, content or results of an arbitration brought in accordance with this Agreement. 
 (viii) Each party to this Agreement hereby agrees that in connection with any such action process may be served in the same manner as notices may be delivered under Section 4(f) and irrevocably waives any defenses it may have to
service in such manner. 
 (m) Submission to Jurisdiction; Arbitration. Notwithstanding anything to the contrary in this Agreement,
the sole jurisdiction, venue and dispute resolution procedure for all disputes, controversies or claims for specific performance under Section 4(n) or to enforce an arbitration award pursuant to Section 4(l) shall be the United States Federal Court
for the Northern District of California, and the parties to this Agreement hereby consent to the jurisdiction of such court. Each of the parties agrees that process may be served upon it in the manner specified in Section 4(e) and irrevocably waives
and covenants not to assert or plead any objection which it might otherwise have to such jurisdiction and such process. 
 (n) Specific
Performance. The parties agree that irreparable damage would occur if any of the provisions of this Agreement were not performed in accordance with their specific terms. Therefore, the parties shall be entitled to specific performance of the
terms hereof, this being in addition to any other remedy to which they are entitled under this Agreement, at law or in equity. 
 [Signature Page Follows] 
  

 -13- 

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as of the date
and year first above written. 
 SUNPOWER CORPORATION 
  

			
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 Securityholders: 
 Print Name: 
  

			
	  

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 Address and Fax Number for Notice: 

	
	  

	   
	  

 With a copy to : 

	
	  

	   
	  

  

 SCHEDULE A 
 LIST OF SECURITYHOLDERS 
  

			
	 Name
	  	 Number of Shares of Parent Common Stock

	  	  	 

  

 EXHIBIT A 
 INSTRUMENT OF ADHERENCE 
 Reference is hereby made to that certain Registration Rights Agreement,
dated as of •, 2006, by and among SunPower Corporation, a Delaware corporation (“Parent”), and the other parties thereto, as amended and in effect from time to time (the “Agreement”). Capitalized
terms used herein without definition shall have the respective meanings ascribed thereto in the Agreement. 
 The undersigned, in order to
have any rights under the Agreement, hereby agrees that, from and after the effectiveness of this Instrument of Adherence, the undersigned will be a party to the Agreement and is entitled to all of the benefits under, and is subject to all of the
obligations, restrictions and limitations set forth in, the Agreement. This Instrument of Adherence shall become effective and shall become a part of the Agreement upon the execution of this Instrument of Adherence by both the undersigned and
Parent. 
 Print Name: 

	
	  

  

			
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 Address and Fax Number for Notice: 

	
	  

	   
	  

 Accepted: 
  

			
	 SUNPOWER CORPORATION

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	 Date:Employment Agreement between RBC Life Sciences, Inc. and Kenneth L. Sabot

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made by and between RBC Life
Sciences, Inc. (“Employer”) located at 2301 Crown Court, Irving, Texas 75038 and Kenneth L. Sabot (“Employee”), residing at 7201 Summitview Drive, Irving, Texas 75063. 
 The parties to this Agreement declare that: 
 Employer is engaged in, among
other businesses, the international distribution of nutritional supplements and personal care products through the network marketing distribution model, and the distribution of wound care and oncology care products. 
 Employee is willing to be employed by Employer, and Employer is willing to employ Employee, on the terms, covenants, and conditions set forth in this Agreement.

 In consideration of the mutual promises set forth in this Agreement, Employer and Employee agree as follows: 
 Section 2. Effective Date and Purpose. The effective date of this Agreement shall be January 1, 2007 (the “Effective Date”). This Agreement
sets forth the terms and conditions of Employee’s employment with Employer and replaces and supersedes any prior employment agreement or understanding between Employee and Employer regarding Employee’s employment with Employer. 

Section 3. Employment Title and Duties. Employer shall employ Employee in the capacity of Senior Vice President—Operations. In this capacity,
Employee shall have the responsibility to perform all duties that are customarily performed by one holding that position in other, same, or similar businesses or enterprises as that engaged in by Employer. A diagram of Employee’s
functional responsibility is attached as Exhibit A. Employer reserves the right to modify Exhibit A as necessary or appropriate throughout the life of this Agreement. Employee accepts this employment, subject to the general supervision and pursuant
to the orders and direction of Employer. Employee shall also render such other and services and duties, consistent with such capacity, as may be assigned from time to time by Employer. 
 Section 4. Compensation of Employee. Employer shall pay Employee, in full payment for Employee’s services and covenants under this Agreement, the following compensation: 
  

	 	a.	Monthly Base Salary. During his employment, Employee’s monthly base salary shall be $17,500.00 payable bi-weekly in equal payments. 

  

	 	b.	Incentive Bonus. During his employment, Employee shall have a reasonable opportunity to earn a cash incentive bonus as described in Exhibit B. The maximum cash
incentive bonus that may be earned by Employee for any calendar year is two times Employee’s annual base salary. 

  

	 	c.	Health and Welfare Benefits. During his employment, Employee shall be eligible to participate in the health and welfare benefit plans and programs offered from time to
time by Employer for its similarly situated employees, upon the terms and subject to conditions of such plans and programs. 

  

			
	Page 1	  	

 Employment Agreement – Kenneth L. Sabot 
  

	 	d.	Special Compensation Payment. Within ten (10) business days following the Effective Date, and, if this Agreement is renewed following the initial term for one or
more terms, within ten (10) days following the first day of each renewal term, Employer will pay Employee a single sum cash payment in the amount of $1,000.00 which is intended to assist Employee in purchasing life insurance coverage
under group term insurance programs made available by Employer or in such other manner as deemed appropriate by Employee; provided, however, that Employee is not required to use such special compensation payment for any specific purpose.

 Section 5. Best Efforts of Employee. Employee agrees to perform all of the duties pursuant to the express and implicit terms
of this Agreement to the reasonable satisfaction of Employer. Employee further agrees to perform such duties faithfully and to the best of his ability, talent, and experience. 
 Section 6. Place of Employment. Employee shall render such duties at 2301 Crown Court, Irving, Texas 75038 and at such other places as Employer shall in good faith require or as the interest, needs,
business, or opportunity of Employer shall require. 
 Section 7. Non-Competition with Employer during Employment. Employee shall devote all
his time, attention, knowledge, and skills solely to the business and interest of Employer, and Employer shall be entitled to all of the benefits and profits arising from the work of Employee. Employee shall not, during his employment under this
Agreement, perform services for or be interested directly or indirectly, in any manner, as partner, officer, director, shareholder, advisor, consultant, employee, or in any other capacity in any other business similar to Employer’s business,
any allied trade, or any business offering a competing or alternative product or service. However, nothing contained in this section shall prevent or limit Employee from continuing to receive the benefits of relationships previously described to
Employer or investing in the capital stock or other securities of any corporation whose stock or securities are publicly owned and traded on any public exchange, nor shall anything contained in this Section 6 prevent or limit Employee from
investing in real estate. 
 Section 8. Restrictions on the Use of Trade Secrets and Records. During the term of employment under this
Agreement, Employee may have access to various trade secrets and intellectual property consisting of formulas, patterns, devices, inventions, processes, and compilations of information, records and specifications, all of which are owned by Employer
and regularly used in the operation of Employer’s business. All files, records, customer lists, documents, drawings, specifications, equipment, and similar records and items relating to the business of Employer, whether they are prepared by
Employee or come into Employee’s possession in any other way and whether or not they contain or constitute trade secrets owned by Employer, are and shall remain the exclusive property of Employer and shall not be removed from the premises of
Employer under any circumstances whatsoever without the prior written consent of Employer. Employee agrees not to divulge, misappropriate, use, or disclose any of these trade secrets and records directly or indirectly, to any person, firm,
corporation, or other entity in any manner whatsoever, either during the term of employment under this Agreement or at any time thereafter, except as required in the course of employment. This Section 7 shall survive Employee’s termination
of employment. 
  

					
		 	Page 2	 	initials                           

 Employment Agreement – Kenneth L. Sabot 
 Section 9. Term. This Agreement shall be effective for period of one (1) year beginning on January 1, 2007 and ending on December 31, 2007. This Agreement shall be automatically renewed
for an additional one-year period upon expiration of its initial term and each anniversary thereafter, unless either Employer or Employee gives written notice to the other party at least thirty (30) days prior to the last day of the then
current term of the Agreement. 
 Section 10. Termination of Employment. 
  

	 	a.	Non-renewal of Agreement by Employer. If Employer elects not to renew employment under this Agreement pursuant to the terms of Section 8, Employee, unless
otherwise requested by Employer, shall continue to render services, and shall be paid compensation as provided in this Agreement, through the last day of the current term of the Agreement. In addition, if Employee executes a general release in the
form and at the time requested by Employer, Employee shall continue to be paid his monthly base salary for a period of six (6) months as severance pay following the date of termination and previously accrued, unused personal time off, as
determined and limited under the Employer’s personal time off policy (“PTO”). The amounts paid shall be reduced by all amounts withheld and deducted pursuant to Section 16. No benefits, bonuses, PTO, or other forms of
compensation, except for the severance payments, will be paid to Employee or accrued for this six-month severance payment period. If Employer offers to continue Employee’s employment on a non-contractual basis following the Employer’s
non-renewal of this Agreement and Employee elects to continue his employment on that basis, Employee will not be entitled to the severance pay referred to in this Section 9.a. 

  

	 	b.	Non-renewal of Agreement by Employee. If Employee elects to resign prior to the expiration of the then current term of this Agreement pursuant to the terms of
Section 8, Employee shall continue to render services, unless otherwise requested by Employer, through the last day of the current term of the Agreement. If he complies with this requirement, he shall be paid his monthly base salary as provided
in this Agreement up to the last day of employment plus any accrued, unused PTO and any annual incentive bonus or additional compensation that may have otherwise accrued during the current term of this Agreement. 

  

	 	c.	Termination by Employer for Cause. Employer may immediately terminate the employment of Employee under this Agreement for “Cause” (as defined below) at any
time by giving written notice of termination to Employee without prejudice to any other remedy to which Employer may be entitled either at law, in equity, or under this Agreement. In this case, Employee will be paid his monthly base salary up to the
date of his termination of employment and shall not be entitled to any other compensation or benefits under this Agreement. 

 For purposes of this Agreement, “Cause” shall mean, in each case, as reasonably determined by the Board: (i) conviction of, or entry of a pleading of guilty or no contest by, Employee with respect to a felony or any lesser
crime of which fraud or dishonesty is a material element, (ii) Employee’s willful and continued failure to perform his duties with Employer, or a failure to follow the lawful direction of the Board after the Board delivers a written demand
for performance and Employee neglects to cure such a failure to the reasonable satisfaction of the 
  

					
		 	Page 3	 	initials                           

 Employment Agreement – Kenneth L. Sabot 
 Board within 15 days after receipt of the demand, (iii) Employee’s failure to comply with applicable laws with respect to the execution of
Employer’s business operations or his material breach of Sections 6 or 7 of this Agreement, (iv) Employee’s theft, fraud, embezzlement, dishonesty, or similar conduct which has resulted or is reasonably likely to result in material
damage to Employer or any of its affiliates or subsidiaries, or (v) Employee’s habitual intoxication or continued abuse of illegal drugs which interferes with Employee’s ability to perform his assigned duties and responsibilities.

  

	 	d.	Termination by Employee for Good Reason. Employee may terminate his employment under this Agreement for “Good Reason” (as defined below) at any time by
giving written notice of termination to Employer without prejudice to any other remedy to which Employee may be entitled either at law, in equity, or under this Agreement. In this case, if Employee executes a general release in the form and at the
time requested by Employer, Employee shall be paid his monthly base salary for a period of six (6) months as severance pay following the date of termination, plus an amount equal to his accrued, unused PTO. In addition, if at the end of the
year in which employee terminates employment, the employee would have received a bonus as described in Exhibit B, employee will be paid a prorata share of the bonus for the full months of actual employment in that year. The amounts paid shall be
reduced by all amounts withheld and deducted pursuant to Section 16. No benefits, bonuses, PTO, or other forms of compensation, except for the severance payments, will be paid to Employee or accrued for this six-month severance payment period.

 For purposes of this Agreement, the term “Good Reason” shall mean: (i) a material breach by Employer of this
Agreement which breach is not cured within 30 days after the Board’s receipt of written notice of such non-compliance from Employee; or (ii) the assignment to Employee by Employer of duties materially and adversely inconsistent with
Employee’s position, duties, or responsibilities as in effect immediately after the Effective Date of this Agreement, including, but not limited to, any material reduction in such position, duties or responsibilities, or a change in
Employee’s title or office, as then in effect, or any removal of Employee from any of such positions, titles, or offices. 
  

	 	e.	Termination Following a Change of Control. If during the one-year period following the effective date of a “Change of Control” (as defined below), Employer
terminates Employee’s employment under this Agreement for any reason other than Cause or Employee terminates his employment under this Agreement for Good Reason and, in either case, Employee executes a general release in the form and at the
time requested by Employer, Employee shall continue to be paid his monthly base salary for a period of twelve (12) months as severance pay following the date of termination and accrued, unused PTO. The amounts paid shall be reduced by all
amounts withheld and deducted pursuant to Section 16. No benefits, bonuses, PTO, or other forms of compensation, except for the severance payments, will be paid to Employee or accrued during this twelve-month severance period.

 For purposes of this Agreement, the term “Change of Control” shall mean: 
  

					
		 	Page 4	 	initials                           

 Employment Agreement – Kenneth L. Sabot 
 (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), other than Employer’s current Chief Executive Officer, Clinton H. Howard, becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Employer representing
fifty percent (50%) or more of the combined voting power of Employer’s then outstanding securities; 
 (ii) as a result of, or in
connection with, any tender offer or exchange offer, merger, or other business combination (a “Transaction”), the persons who were directors of Employer immediately before the Transaction (except for any person whose initial election as a
director occurs as the result of an actual or threatened election contest, within the meaning of Rule 14a-11 under the Exchange Act, or other actual or threatened solicitation of proxies or contests by or on behalf of a person other than the Board)
shall cease to constitute a majority of the Board of Directors (the “Board”) of Employer or any successor to Employer; 
 (iii)
Employer is reorganized, merged or consolidated with another corporation and as a result of the reorganization, merger or consolidation less than fifty percent (50%) of the outstanding voting securities of the surviving or resulting corporation
shall then be owned in the aggregate by the former stockholders of Employer; or 
 (iv) Employer sells or disposes of all or substantially all
of its assets to any person, other corporation, or other legal entity not controlled by Employer, or the shareholders approve a plan of complete liquidation or an agreement for the sale or disposition of Employer in a majority. 
  

	 	f.	Death of Employee. This Agreement shall be deemed terminated as of the date of Employee’s death. In this case, Employer shall pay to employee’s estate
Employee’s monthly base salary as provided in this Agreement up to the date of termination, plus Employee’s accrued, unused PTO. 

  

	 	g.	Disability of Employee. Should Employee be unable to perform his duties under this Agreement by reason of inability to perform the essential functions of the position
for a period of six (6) months, Employer shall have the right to terminate this Agreement upon written notice to Employee. During the period that Employee fails to perform his duties as a result of his inability to perform the essential
functions of the position, Employer will continue to pay Employee Employee’s monthly base salary, reduced by any disability payments received by Employee from a disability program made available by Employer, for a period of six (6) months
after the date on which Employee was determined to be unable to perform the essential functions of the position. On the date of Employee’s termination of employment, Employee shall be paid his accrued, unused PTO. The amounts paid shall be
reduced by all amounts withheld and deducted pursuant to Section 16. 

  

	 	h.	Early Termination by Employer. Should Employer terminate the employment of Employee prior to the end of the initial term or any renewal term in effect, other than by
reason of Cause, death or disability, or during the twelve-month period following a Change of Control, and Employee executes a general release in the Form and at the time requested by Employer, Employee shall be paid the 

  

					
		 	Page 5	 	initials                           

 Employment Agreement – Kenneth L. Sabot 
 greater of (i) his monthly base salary through the last day of the initial term or renewal term then in effect, plus an amount equal to his accrued,
unused PTO or (ii) his monthly base salary for a period of six (6) months, increased by two weeks for each “Year of Service” (as defined below) performed by Employee prior to his termination date, as severance pay following the
date of termination, plus an amount equal to his accrued, unused PTO. In addition, if at the end of the year in which employment is terminated, the employee would have received a bonus as described in Exhibit B, employee will be paid a prorata share
for the full months of actual employment in that year. The amounts paid shall be reduced by all amounts withheld and deducted pursuant to Section 16. No benefits, bonuses, PTO, or other forms of compensation, except for the severance payments,
will be paid to Employee or accrued for any time beyond the last day of the initial term or renewal term of this Agreement. 
 For purposes of
this Agreement, the term “Year of Service” shall mean each full year Employee is employed by Employer prior to his last day of actual employment under this Agreement. In determining an Employee’s Years of Service, all fractions of a
year worked shall be aggregated to determine whether an additional Year of Service will be credited. 
  

	 	i.	Early Termination by Employee. Should Employee terminate his employment prior to the end of the initial term or any renewal term in effect, other than for Good Reason,
death or disability, Employee shall be paid his monthly base salary and unused, accrued PTO up to the last day of employment, and shall not be entitled to any other compensation or benefits under this Agreement, including any incentive bonus.

 Section 11. Deferred Payments for Certain Key Employees. Notwithstanding any other provisions contained in this Agreement to
the contrary, no payments that are considered to be “deferred compensation” under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) may be made to Employee as a result of Employee’s separation
from the service of Employer until the date that is six months after the date of the separation from service (or, if earlier, the death of Employee) if Employee is a “specified employee” as described in Section 409A(a)(2)(B)(i) of the
Code at the time the payment otherwise would have been made. 
 Section 12. Indemnity. Employer shall indemnify Employee and hold Employee
harmless for any acts or decisions made by Employee in good faith and that were reasonably believed to be in the best interest of Employer while performing services for Employer. Employer will use its reasonable best efforts, to maintain Director
and Officer insurance coverage in the amount of $1,000,000 for Employee under an insurance policy covering the officers and directors of Employer against lawsuits. Employer shall pay all reasonable expenses, including attorney’s fees, actually
and necessarily incurred by Employee in connection with any appeal thereon, including the cost of court settlements. Notwithstanding the preceding sentence, (i) the obligations of Employer shall be subject to the condition that the Board shall
not have determined based on advice from its legal counsel that Employee would not be permitted to be indemnified under applicable law, and (ii) the obligation of Employer to make an expense or fee advance pursuant to this Section 10 shall
be subject to the condition that, if, when and to the extent that the Board determines that Employee would not be permitted to be so indemnified under applicable law, Employer shall be entitled to be reimbursed by Employee (who hereby agrees to
reimburse Employer) for all such amounts theretofore paid (it being understood and agreed that the foregoing agreement by Employee shall be deemed to satisfy any requirement that Employee 
  

					
		 	Page 6	 	initials                           

 Employment Agreement – Kenneth L. Sabot 
 provide Employer with an undertaking to repay any advancement of fees or expenses if it is ultimately determined that Employee is not entitled to indemnification under applicable law); provided, however, that if
Employee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that Employee should be indemnified under applicable law, any determination made by the Board that Employee would not be
permitted to be indemnified under applicable law shall not be binding and Employee shall not be required to reimburse Employer for any expense advance until a final judicial determination is made with respect thereto (as to which all rights of
appeal therefrom have been exhausted or have lapsed). This undertaking by Employee to repay such expense advance shall be unsecured and interest-free. 
 Section 13. Effect of Partial Invalidity. The invalidity of any portion of this Agreement shall not affect the validity of any other provision. In the event that any provision of this Agreement is held to be invalid, the
parties agree that the remaining provisions shall remain in full force and effect. 
 Section 14. Entire Agreement. This Agreement contains the
complete Agreement between the parties and shall supersede all other agreements, either oral or written, between the parties. The parties stipulate that neither of them has made any representations except as are specifically set forth in this
Agreement and each of the parties acknowledges that they have relied on their own judgment in entering into this Agreement. 
 Section 15. Successors
and Assigns; Survival of Rights and Obligations. 
  

	 	a.	Binding Agreement; Employee’s Personal Agreement. This Agreement shall be binding upon and inure to the benefit of Employee’s and his heirs and legal
representatives and Employer and its successors and assigns. Employee’s rights and obligations under this Agreement are personal and may not be assigned or transferred in whole or in part by Employee (except that his rights may be transferred
upon his death by will, trust, or the laws of intestacy). 

  

	 	b.	Employer’s Successor. Employer will require any successor to all or substantially all of the business and assets of Employer (whether direct or indirect, by purchase,
merger, consolidation or otherwise) to expressly assume and agree to perform this Agreement in the same manner and to the same extent that Employer would be required to perform it if no such succession had taken place; except that no such assumption
and agreement will be required if the successor is bound by operation of law to perform this Agreement. In this Agreement, “Employer” shall include any successor to Employer’s business and assets that assumes and agrees to perform
this Agreement (either by agreement or by operation of law). 

  

	 	c.	Survival. The respective rights and obligations of Employer and Employee under this Agreement (including Sections 7, 9, 10, 11 and 16) shall survive the expiration or
termination of the Agreement to the extent necessary to give full effect to those rights and obligations. 

 Section 16. Notices.
All notices, requests, demands, and other communications shall be in writing and shall be given by registered or certified mail, postage prepaid, to the addresses shown on the first page of this Agreement, or to such subsequent addresses as the
parties shall so designate in writing. 
  

					
		 	Page 7	 	initials                           

 Employment Agreement – Kenneth L. Sabot 
 Section 17. Dispute Resolution. 
  

	 	a.	Arbitration. The exclusive remedy or method of resolving all disputes or questions arising out of or relating to this Agreement (including its expiration or termination) or
the expiration or termination of Employee’s employment hereunder (“Disputes”) shall be arbitration held in Dallas, Texas. Nevertheless, although disputes or questions arising out of or relating to Sections 6 and 7 shall be subject to
arbitration, Employer shall not be precluded from also seeking and obtaining injunctive relief from any court of proper jurisdiction to enforce or protect its rights under Sections 6 and 7. Any arbitration may be requested or initiated by a party to
the Dispute by written notice to the other party or parties to the Dispute specifying the subject of the requested arbitration and appointing the notifying Party’s arbitrator (“Arbitration Notice”). 

  

	 	b.	Arbitrators. Arbitration shall be before three arbitrators, one to be appointed by Employer, a second to be appointed by Employee, and a third to be appointed by the two
arbitrators chosen by Employer and Employee. The third arbitrator shall act as chairman. If (i) the non-initiating party to the Dispute fails to appoint an arbitrator by written notice to the initiating party to the Dispute within ten days
after the Arbitration Notice is given, or (ii) the two arbitrators appointed by the parties to the Dispute fail to appoint a third arbitrator within ten days after the date of the appointment of the second arbitrator, then the American
Arbitration Association in Dallas, Texas, upon application of a party to the Dispute, shall appoint an arbitrator to fill that position. 

  

	 	c.	Award and Costs. The arbitration proceeding shall be conducted in accordance with the Commercial Arbitration Rules of the American Arbitration Association. A determination or
award made or approved by at least two of the arbitrators shall be the valid and binding action of the arbitrators. The costs of arbitration (exclusive of the expense of a party to the Dispute in obtaining and presenting evidence and attending the
arbitration and of the fees and expenses of legal counsel to a party to the dispute, all of which shall be borne by that party to the Dispute) shall be borne by Employer if Employee receives substantially the relief sought by him in the arbitration,
whether by settlement, award, or judgment; otherwise, the costs shall be borne one-half by Employer and one-half by Employee. The arbitration determination or award shall be final and conclusive on the parties to the Dispute, and judgment upon such
award may be entered and enforced in any court of competent jurisdiction. 

 Section 18. Tax Withholding. Employer shall be
entitled to deduct and withhold from payments made under this Agreement all amounts required to satisfy its withholding obligations with respect to income, employment and any other applicable taxes. 
 Section 19. Attorney’s Fees. If any arbitration proceeding or any action for injunctive or declaratory relief is brought to enforce or interpret the
provisions of this Agreement, attorney’s fees shall be borne by Employer if Employee is the prevailing party (or receives substantially the relief sought by Employee), otherwise each party will be responsible for its own attorney’s fees.

  

					
		 	Page 8	 	initials                           

 Employment Agreement – Kenneth L. Sabot 
 Section 20. Additional Obligations. During and after the term of this Agreement, Employee shall, upon reasonable notice from Employer, furnish Employer with such information as may be in Employee’s
possession, and cooperate with Employer as may reasonably be requested by Employer, in connection with any legal or governmental proceedings in which Employer or any of its affiliates is or may become a party. The Company shall reimburse Employee
for his reasonable expenses in fulfilling his obligations under this Section 19. 
 Section 21. Amendment. Any modification, amendment or
change of this Agreement will be effective only if it is in a writing signed by both parties. 
 Section 22. Governing Law. This Agreement, and
all transactions contemplated by this Agreement, shall be governed by, construed, and enforced in accordance with the laws of the State of Texas. 
 Section
23. Headings. The titles to the Sections and the paragraphs of this Agreement are solely for the convenience of the parties and shall not affect in any way the meaning or interpretation of this Agreement. 
 Section 24. MANAGEMENT ORGANIZATION. EMPLOYER, ACTING THROUGH ITS CHIEF EXECUTIVE OFFICER WITH THE CONCURRENCE OF THE INDEPENDENT MEMBERS OF EMPLOYER’S
BOARD OF DIRECTORS, RESERVES THE RIGHT UNILATERALLY TO REVISE THE ORGANIZATION OF ANY AND ALL OF THE MANAGEMENT FUNCTIONS AND RELATED REPORTING RELATIONSHIPS AT ITS SOLE DISCRETION. THE CONTENTS OF THE DIAGRAM ATTACHED AS EXHIBIT A SHALL BE
SUBORDINATE TO THE AUTHORITY OF EMPLOYER TO REVISE MANAGEMENT ORGANIZATION AND RELATED REPORTING RELATIONSHIPS AS PROVIDED IN THIS SECTION. 
 IN WITNESS
WHEREOF, the parties have executed this Agreement on this 18th day of December, 2007. 
  

							
	EMPLOYEE:	 		 	EMPLOYER:
			
		 		 	RBC Life Sciences
				
	 /s/ Kenneth L. Sabot
	 		 	By:	 	 /s/ Clinton H. Howard

	(Signature)	 		 		 	(Signature)
	(Kenneth L. Sabot)	 		 		 	Clinton H. Howard
		 		 		 	Chief Executive Officer

  

					
		 	Page 9	 	initials                           

 EXHIBIT A 
 

 

 EXHIBIT B 
 CASH INCENTIVE BONUS 
 In 2007, if Employer’s Pre-tax Income exceeds two hundred fifty thousand dollars
($250,000) as the “Base Income”, Employee shall be awarded a bonus for 2007 in an amount equal to 2% of that part of the Pre-tax Income of Employer that exceeds the Base Income. The amount of Employee’s cash incentive bonus for 2007
may not exceed two (2) times Employee’s annual base salary for 2007. Employee must be employed on December 31, 2007 in order to receive the bonus, unless otherwise provided under Section 9. The bonus will be paid on or before
March 15, 2008 or, if later, within two weeks following the determination of Employer’s Pre-Tax Income for 2007. 
 Example: If the Pre-tax Income
of Employer for 2007 is one million dollars ($1,000,000), Employee will be paid 2% of seven hundred fifty thousand dollars ($750,000) or fifteen thousand dollars ($15,000) provided Employer remained employed by Employer on December 31, 2007.

 Employee shall be eligible for additional bonuses at the discretion of Employer’s Board, and will participate in an annual bonus plan that will be
adopted in advance each year. 
 For purposes of this Exhibit B, “Pre-tax Income” means earnings (loss) from continuing operations
before income taxes, as reported in Employer’s audited financial statements prepared in accordance with generally accepted accounting principles.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00115-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00115-of-00352.parquet"}]]