Document:

EX 10.1 Q3'13

Exhibit 10.1

AMENDMENT NO. 5 TO SECOND AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT 
This AMENDMENT NO. 5 TO SECOND AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT is dated as of August 28, 2013 (this “Amendment”), among AMERESCO, INC. (the “Borrower”), THE GUARANTORS PARTY HERETO (the "Guarantors" and collectively with the Borrower, the "Credit Parties"), THE LENDERS PARTY HERETO (the “Lenders”), and BANK OF AMERICA, N.A., as administrative agent (the “Agent”).
WHEREAS, the Credit Parties, the Lenders, and the Agent are parties to that certain Second Amended and Restated Credit and Security Agreement dated as of June 30, 2011, among the Borrower, the Guarantors, the Lenders, and the Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);
WHEREAS, the Credit Parties, the Agent and the Lenders wish to revise one of the financial covenants to make the financial covenants consistently applicable, as described herein;
WHEREAS, one of the Credit Parties Ameresco Solar – Solutions, Inc., a Texas corporation, has converted to a Delaware limited liability company named Ameresco Solar – Solutions LLC, and by execution of this Amendment confirms that it remains a Guarantor and Credit Party under the Credit Agreement; 
NOW, THEREFORE, in consideration of the foregoing and the agreements contained herein, the parties agree that the Credit Agreement is hereby amended as follows:
1.Capitalized Terms.  Capitalized terms used herein which are defined in the Credit Agreement have the same meanings herein as therein, except to the extent that such meanings are amended hereby.
2.Amendment to Credit Agreement.  Section 8.10(b) of the Credit Agreement is hereby deleted and replaced with the following:
(b)    Total Funded Debt to EBITDA Ratio.  The Credit Parties shall not permit the ratio of (a) Total Funded Debt of the Core Ameresco Companies as of the end of each fiscal quarter to (b) EBITDA of the Core Ameresco Companies for the period of four consecutive fiscal quarters most recently ended, to exceed 2.00 to 1.00.
3.Confirmation of Guaranty by Guarantors.  Each Guarantor hereby confirms and agrees that all indebtedness, obligations or liability of the Borrower under the Credit Agreement as amended hereby, whether any such indebtedness, obligations and liabilities are now existing or hereafter arising, due or to become due, actual or contingent, or direct or indirect, constitute “Obligations” under and as defined in the Credit Agreement and, subject to the limitation set forth in Section 3.8 of the Credit Agreement, are guaranteed by and entitled to the benefits of the Guaranty set forth in Article 3 of the Credit Agreement.  Each Guarantor hereby ratifies and 

AM 23600148.2

confirms the terms and provisions of such Guarantor’s Guaranty and agrees that all of such terms and provisions remain in full force and effect.
4.Confirmation of Security Interests.  Each Credit Party hereby confirms and agrees that all indebtedness, obligations and liabilities of the Credit Parties under the Credit Agreement as amended hereby, whether any such indebtedness, obligations and liabilities are now existing or hereafter arising, due or to become due, actual or contingent, or direct or indirect, constitute “Obligations” under and as defined in the Credit Agreement and are secured by the Collateral and entitled to the benefits of the grant of security interests pursuant to Article 4 of the Credit Agreement.  The Credit Parties hereby ratify and confirm the terms and provisions of Article 4 of the Credit Agreement and agree that, after giving effect to this Amendment, all of such terms and provisions remain in full force and effect.
5.No Default; Representations and Warranties, etc.  The Credit Parties hereby confirm that, after giving effect to this Amendment, the representations and warranties of the Credit Parties contained in Article 5 of the Credit Agreement and the other Loan Documents are true and correct on and as of the date hereof as if made on such date (except to the extent that such representations and warranties expressly relate to an earlier date) and no Default or Event of Default shall have occurred and be continuing.  Each Credit Party hereby further represents and warrants that (a) the execution, delivery and performance by such Credit Party of this Amendment (i) have been duly authorized by all necessary action on the part of such Credit Party, (ii) will not violate any applicable law or regulation or the organizational documents of such Credit Party, (iii) will not violate or result in a default under any indenture, agreement or other instrument binding on such Credit Party or any of its assets, and (iv) do not require any consent, waiver, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or any Person (other than the Agent and the Lenders) which has not been made or obtained; and (b) it has duly executed and delivered this Amendment.
6.Conditions to Effectiveness.  This Amendment shall become effective upon the receipt by the Agent of counterparts of this Amendment duly executed by each of the parties hereto or written evidence reasonably satisfactory to the Agent that each of the parties hereto has signed a counterpart of this Amendment.
7.Miscellaneous.
(a)Except to the extent specifically amended hereby, the Credit Agreement, the Loan Documents and all related documents shall remain in full force and effect.  This Amendment shall constitute a Loan Document.  Whenever the terms or sections amended hereby shall be referred to in the Credit Agreement, Loan Documents or such other documents (whether directly or by incorporation into other defined terms), such defined terms shall be deemed to refer to those terms or sections as amended by this Amendment.
(b)This Amendment may be executed in any number of counterparts, each of which, when executed and delivered, shall be an original, but all counterparts shall together constitute one instrument.  Delivery of an executed counterpart to this Amendment by telecopy or other electronic means shall be effective as an original and shall constitute a representation that an original will be delivered.

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(c)This Amendment shall be governed by the laws of the Commonwealth of Massachusetts and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.
(d)The Credit Parties agree to pay all reasonable expenses, including legal fees and disbursements incurred by the Agent in connection with this Amendment and the transactions contemplated hereby.

[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment which shall be deemed to be a sealed instrument as of the date first above written.

BORROWER

AMERESCO, INC.

By:   /s/  Andrew B. Spence    
Name: Andrew B. Spence
Title: Vice President & Chief Financial Officer

GUARANTORS
AMERESCO ENERTECH, INC.
AMERESCO FEDERAL SOLUTIONS, INC.
AMERESCO PLANERGY HOUSING, INC.
AMERESCO QUANTUM, INC.
AMERESCO SELECT, INC.
AMERESCOSOLUTIONS, INC.
APPLIED ENERGY GROUP INC.
SIERRA ENERGY COMPANY
By:   /s/  Andrew B. Spence    
Name:  Andrew B. Spence
Title:  Treasurer
AMERESCO SOUTHWEST, INC.

By:   /s/  Andrew B. Spence    
Name: Andrew B. Spence
Title: Vice President and Treasurer
E.THREE CUSTOM ENERGY SOLUTIONS, LLC,
By: Sierra Energy Company, its sole member

By:   /s/  Andrew B. Spence    
Name:  Andrew B. Spence
Title:  Treasurer

[Signature Page to Amendment No. 5 to Second Amended Ameresco Credit and Security Agreement]

AMERESCO ASSET SUSTAINABILITY GROUP LLC
AMERESCO EVANSVILLE, LLC
AMERESCO HAWAII LLC
AMERESCO INTELLIGENT SYSTEMS, LLC
AMERESCO SOLAR, LLC
AMERESCO SOLAR NEWBURYPORT LLC
AMERESCO SOLAR-PRODUCTS LLC
AMERESCO WOODLAND MEADOWS ROMULUS LLC
SELDERA LLC
SOLUTIONS HOLDINGS, LLC

By: Ameresco, Inc., its sole member

By:   /s/  Andrew B. Spence    
Name:  Andrew B. Spence
Title:  Vice President & Chief Financial Officer
AMERESCO SOLAR – SOLUTIONS LLC
AMERESCO SOLAR – TECHNOLOGIES LLC
By:  Ameresco Solar LLC, its sole member
By:  Ameresco, Inc., its sole member

By:   /s/  Andrew B. Spence    
Name:  Andrew B. Spence
Title:  Vice President & Chief Financial Officer

[Signature Page to Amendment No. 5 to Second Amended Ameresco Credit and Security Agreement]

AGENT:

BANK OF AMERICA, N.A.

By:   /s/  Angela Larkin    
Name:  Angela Larkin
Title:  Assistant Vice President

LENDERS:

BANK OF AMERICA, N.A.

By:   /s/  Luanne T. Smith    
Name:  Luanne T. Smith
Title:  V.P.

WEBSTER BANK, N.A.

By:   /s/  Ann M. Meade    
Name:  Ann M. Meade
Title:  Senior Vice President

[Signature Page to Amendment No. 5 to Second Amended Ameresco Credit and Security Agreement]Exhibit 10.1

  

 

 

 

November 6, 2013

 

To
the Board of Directors
 Mojave Gold Corporation 
 9638
104th Ave North 
 Largo, Florida 33773

 

Re: Binding Letter of Intent

 

Gentlemen:

 

We
thank you for introducing us to your work in exploring Platinum Group Minerals (PGMs) in Guyana.

 

Through
our initial due diligence, we understand that for the past three years you have been jointly working with and funding GlobalMin LLC (Nevada) and caused to be formed GlobalMin Guyana, Inc. (Guyana). We further understand that: (a) your efforts resulted in the granting of a Permission for Geological and Geophysical Survey (PGGS) by the Guyanese government to GlobalMin Guyana; (b) you have conducted substantial and meaningful sampling, assaying, and ground and aerial magnetic surveying; and (c) have successfully completed the terms and conditions of
the PGGS and are now awaiting its conversion into ten (10) prospecting licenses in which you intend to commence drill testing within the pending license areas.

 

Based
upon our initial investigation, we desire to assist you in protecting your investment and in complying with the arrangements
and commitments you have made with and to GlobalMin LLC owners.

 

This
letter is provided to formally inform you that it is the present intent of Cardinal Energy Group (“Cardinal”) to provide $1.75 million in funding to Mojave Gold Corporation (“Mojave”), with
an option to invest a total of $5 million into Mojave.

 

1.
Initial Funding through Loan. Cardinal will make a $1.75 million loan (“the Loan”) to
Mojave in a maximum of five installments over the ten day period beginning upon execution of
definitive agreements. The loan shall accrue interest at 6% apr, with interest paid annually. The
loan term shall be for twenty-four (24) month loan. The loan shall be documented by a promissory
note with such terms and conditions as would be customary for such a transaction.

 

	www.cardinalenergygroup.com	local 614.459.4959	toll free 855.OIL.4959	fax 614.389.6643

  

    	 

    	 

    

2.
Shares Issued for Loan. As an incentive to make the Loan, Mojave will issue to Cardinal two million
five hundred thousand (2,500,000) shares of its common stock. Such issuance shall be completed
within five business days of execution of this Letter of Intent to be held in escrow until completion the Loan.

 

3. Option
to Purchase Stock. In connection with the Loan, Cardinal is hereby grante an option (“the Option”) to
purchase equity in Mojave equal to thirty-five percent (35%) of the then total shares issued and outstanding plus an
additional two million five hundred thousand (2,500,000) shares. The exercise price of the Option is $5,000,000. In
the event Cardinal chooses to exercise the Option, the $1.75 million loan shall be converted to partial consideration for
exercise of the stock purchase (thus, an additional $3,250,000 shall be invested in Mojave). The Option shall expire at the
end of the Due Diligence period provided below.

 

4.  Due
Diligence Period. Upon Mojave receiving the $1.75 million loan, Cardinal shall have one hundred and twenty (120) days to conduct further due diligence of Mojave and its subsidiaries GlobalMin LLC and
GlobalMin Guyana, Inc.

 

5.  Binding
Letter of Intent. The Parties intend that this Letter of Intent is binding upon each of them upon signing.

 

6.  Good
Faith and Fair Dealing. The Parties agree to work together in good faith to create the additional necessary definitive
documents for the planned transactions consistent with this Binding Letter of Intent. The documents are to be completed and
executed within five business days from the date above.

 

	 	Sincerely,
	 	 
	 	/s/
    Timothy W. Crawford
	 	Timothy W. Crawford
	 	CEO

 

	 	Mojave Gold Corporation:	 
	 	 	 
	By:	/s/
    Steven Heard	 
	 	Steven Heard, CEO	 

 

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