Document:

Exhibit 10.24

 

SUPPORT AGREEMENT AMENDMENT

 

THIS AMENDMENT AGREEMENT is made as of the 28th day of May, 2018,

 

B E T W E E N:

 

BROOKFIELD ASSET MANAGEMENT INC., a corporation incorporated under the laws of the Province of Ontario

 

(“Brookfield”)

 

- and -

 

TERRAFORM POWER, INC., a corporation incorporated under the laws of the State of Delaware

 

(“TerraForm”)

 

RECITALS:

 

Brookfield and TerraForm entered into a Support Agreement dated February 6, 2018 (the “Support Agreement”).

 

The parties wish to amend the Support Agreement to reflect an increase in the maximum amount of the back-stop.

 

NOW THEREFORE in consideration of the mutual covenants contained in this Amendment Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows:

 

	
1.

	
Amendment

 

The Support Agreement is hereby amended by increasing the amount of the “Equity Offering” (as defined in the recitals to the Support Agreement) from “up to approximately $400 million” to “up to $650 million”.

 

Except as amended hereby, the terms of the Support Agreement remain in full force and effect.  TerraForm acknowledges and agrees that the Conflicts Committee of the TerraForm Board of Directors has agreed to and approved this Amendment Agreement.

 

	
2.

	
Further Assurances

 

Each of the parties hereto shall promptly do, make, execute or deliver, or cause to be done, made, executed or delivered, all such further acts, documents and things as the other party hereto may reasonably require from time to time for the purpose of giving effect to this Amendment Agreement and shall use its best efforts and take all such steps as may be reasonably within its power to implement to their full extent the provisions of this Amendment Agreement.

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3.

	
Governing Law

 

This Amendment Agreement shall be governed by and construed in accordance with the laws of the State of New York.

 

	
4.

	
Counterparts

 

This Amendment Agreement may be executed in one or more counterparts, and by different parties hereto on separate counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  Execution and delivery of this Amendment Agreement may be made and evidenced by facsimile transmission or other means of electronic communication.

 

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

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IN WITNESS WHEREOF the parties hereto have executed this Amendment Agreement as of the date first written above.

 

	 	
BROOKFIELD ASSET MANAGEMENT INC.

	 	 
	 	
by:

	/s/ Sachin Shah
	 	 	
Name:

	
Sachin Shah

	 	 	
Title:

	
Senior Managing Partner

 

	 	
TERRAFORM POWER, INC.

	 	 
	 	
by:

	/s/ Andrea Rocheleau
	 	 	
Name:

	
Andrea Rocheleau

	 	 	
Title:

	
General Counsel and SecretaryEX-10.1

 Exhibit 10.1 

May 25, 2018 
 Rent-A-Center, Inc. 
 5501 Headquarters Drive 

Plano, Texas 75024 
 Attention: Dawn M. Wolverton 

 

	 	Re:	Recommendation of Directors under the Cooperation Agreement 

 Dear Ms. Wolverton: 

Reference is made to that certain Cooperation Agreement (the “Cooperation Agreement”), dated February 5, 2018, by and
among Rent-A-Center, Inc. (the “Company”), Engaged Capital Flagship Master Fund, LP, Engaged Capital Co-Invest
V, LP, Engaged Capital Co-Invest V-A, LP, Engaged Capital Flagship Fund, LP, Engaged Capital Flagship Fund, Ltd., Engaged Capital, LLC, Engaged Capital Holdings, LLC and
Glenn W. Welling (such Engaged entities and Mr. Welling collectively referred to as the “Engaged Group”). Capitalized terms used and not defined herein shall have the meanings given to such terms in the Cooperation Agreement.

 The Engaged Group and the Company hereby acknowledge and agree that: 

 

	 	1.	Pursuant to Section 2 of the Cooperation Agreement and subject to the procedures therein, the Engaged Group previously submitted to the Nominating Committee candidates to be considered for nomination as a director
candidate in the Company’s proxy materials for election to the board of directors of the Company (the “Board”) at the Company’s 2018 annual meeting of the stockholders (the “2018 Annual Meeting”) scheduled
to occur on June 5, 2018. 

  

	 	2.	In accordance with the Cooperation Agreement, the Engaged Group previously submitted to the Company and the Nominating Committee Ms. Carol McFate as one such candidate. The Chairman of the Nominating Committee
interviewed Ms. McFate and confirmed her qualifications to serve on the Board. 

  

	 	3.	The Board’s review of strategic and financial alternatives to maximize stockholder value (the “Strategic Alternatives Review”) is on-going and, as previously
publicly-disclosed, is anticipated to conclude by the end of the second quarter of this year. The Company and the Engaged Group have determined it to be in the best interests of the Company to defer Ms. McFate’s candidacy as a director
during the 2018 director election cycle and/or the pendency of the Strategic Alternatives Review. Accordingly, the Engaged Group has elected to waive its right under the Cooperation Agreement to put forth Ms. McFate as a potential director
nominee for election at the 2018 Annual Meeting. 

  
 1 

	 	4.	The Company agrees that at any time prior to the termination of the Cooperation Agreement, the Engaged Group may provide written notice to the Company and the Nominating Committee recommending a director candidate to
fill a vacant directorship on the Board (the “Vacancy Director”), which may be Ms. McFate; provided, such candidate satisfies (or, in the case of Ms. McFate, continues to satisfy) the requirements set forth in the
Cooperation Agreement. 

  

	 	5.	The process of selecting and appointing the Vacancy Director shall follow substantially the same process set forth in Section 2(a) – 2(d) of the Cooperation Agreement that is used for the selection of the
Settlement Directors. 

  

	 	6.	Except as specifically amended or otherwise modified hereby, the Cooperation Agreement shall remain unmodified and continue in full force and effect. For the avoidance of doubt, nothing in this letter agreement shall
affect the Engaged Group’s rights with respect to the seventh director pursuant to Section 2(g) of the Cooperation Agreement in the event that the size of the Board is increased to seven (7) directors during the term of the
Cooperation Agreement. All references to “this Agreement” in the Cooperation Agreement shall be deemed to include the amendments and modifications to the Cooperation Agreement contained herein. 

This letter agreement shall be governed by and construed and enforced in accordance with, the laws of the State of Delaware without reference
to the conflict of laws principles thereof. 
 This letter agreement may be executed in any number of counterparts, each of which when so
executed shall be deemed to be an original, and such counterparts together shall constitute and be one and the same instrument. This letter agreement (or signature page thereto) may be executed and delivered by facsimile, or by e-mail of a portable document former (.pdf) file and delivery by such method will be deemed to have the same effect as if the original signature had been delivered. 

[Signature Page Follows.] 

  
 2 

 
			
	Sincerely,
	
	Engaged Capital Flagship Master Fund, LP
		
	By:	 	Engaged Capital, LLC
		 	General Partner
		
	By:	 	 /s/ Glenn W. Welling

	Name:	 	Glenn W. Welling
	Title:	 	Founder and Chief Investment Officer
	
	Engaged Capital Co-Invest V, LP
		
	By:	 	Engaged Capital, LLC
		 	General Partner
		
	By:	 	 /s/ Glenn W. Welling

	Name:	 	Glenn W. Welling
	Title:	 	Founder and Chief Investment Officer
	
	Engaged Capital Co-Invest V-A, LP
		
	By:	 	Engaged Capital, LLC
		 	General Partner
		
	By:	 	 /s/ Glenn W. Welling

	Name:	 	Glenn W. Welling
	Title:	 	Founder and Chief Investment Officer
	
	Engaged Capital Flagship Fund, LP
		
	By:	 	Engaged Capital, LLC
		 	General Partner
		
	By:	 	 /s/ Glenn W. Welling

	Name:	 	Glenn W. Welling
	Title:	 	Founder and Chief Investment Officer

  
 3 

			
	Engaged Capital Flagship Fund, Ltd.
		
	By:	 	 /s/ Glenn W. Welling

	Name:	 	Glenn W. Welling
	Title:	 	Director
	
	Engaged Capital, LLC
		
	By:	 	 /s/ Glenn W. Welling

	Name:	 	Glenn W. Welling
	Title:	 	Founder and Chief Investment Officer
	
	Engaged Capital Holdings, LLC
		
	By:	 	 /s/ Glenn W. Welling

	Name:	 	Glenn W. Welling
	Title:	 	Sole Member
	
	 /s/ Glenn W. Welling

	Glenn W. Welling

 Agreed and Accepted as of the date first set forth above: 

Rent-A-Center, Inc. 

 

			
	By:	 	 /s/ Christopher A. Korst

	Name:	 	Christopher A. Korst, EVP –
		 	 Chief Administrative Officer
 & General
Counsel

  
 4cbim_ex101.htm

EXHIBIT 10.1
  
 Contract for Sale of Goods
  
 This Contract for Sale of Goods is made this 18 day of October, 2017 by and between DeDi (Hong Kong) Technology Co., Ltd, Add:14th Floor, Business Bldg. Wanjunhui, Junction of Dist 56 Xixiang avenue and national highway 107 Xi Xiang, Bao An, Shenzhen, China (“Seller”) and CASTLE BRIDGE IMPACT MEDIA INC, 3 Banyatelep, Visegrad 2025 Hungary (“Buyer”), for the purchase of the goods made by Seller. 
  
 1. Term. This Contract shall begin on October 18th, 2017, and end by October 30th, 2018, unless the parties agree otherwise. 
  
 2. Delivery. Buyer will give Seller 60 days’ advance notice regarding the quantity requested for delivery. Upon receipt of the request for delivery, Seller will arrange for delivery through a carrier chosen by Seller, the costs of which shall be F.O.B. 
  
 3. Appointment. Buyer hereby appoints Supplier, and Supplier accepts such appointment, to act as a non-exclusive supplier of the Products to buyer.
  
 4. Prices. The prices paid by buyer to seller for Products shall initially be as set forth in agreement between seller and buyer. Buyer shall have the right to purchase products at item prices. Prices are exclusive of all taxes, insurance, and shipping and handling charges, which are buyer’s sole responsibility.
  
 5. Acceptance. Buyer will have the right to inspect the goods upon receipt, Buyer must give notice to Seller of any claim for damages on account of condition, quality, or grade of the goods, and Buyer must specify the basis of the claim in detail. Failure of Buyer to comply with these conditions will constitute irrevocable acceptance of the goods by Buyer. All notices between the parties must be in writing and delivered by courier or by certified mail, return receipt requested. 
  
 6. Confidentiality. Each of the parties hereto agrees to hold confidential and proprietary information and trade secrets obtained from the other, and designated as such in writing by the disclosing party, in confidence and not to use or disclose such confidential and proprietary information and trade secrets to third parties without the consent of the other party, except that each of parties may disclose such information to their respective employees and agents who need to know such information for the purposes of operating their respective businesses. The parties agree that the provisions contained in this paragraph shall survive the termination of this Agreement.
  
 7. Warranty. Seller warrants that the goods sold hereunder are new and free from substantive defects in workmanship and materials. Seller's liability under the foregoing warranty is limited to replacement of goods or repair of defects or refund of the purchase price at Seller's sole option. No other warranty, express or implied, is made by Seller, and none shall be imputed or presumed. 
  
 8. Governing Law. This Contract shall be governed by the laws of the State of NV. Any disputes hereunder will be heard in the appropriate federal and state courts located in NV. 
  
 9. Delivery time:10-15 days after receiving clients’ payment. Payment term: T/T, Western Union.Valid time: This quotation is valid for one month.Quality Guarantee Terms: Quality guarantee term is for two years. Malfunctions which are caused by machine-self and quality will be responsible for our manufacturer. Other malfunctions which are caused by operation mistakes, man-made problems, etc will be responsible for clients-self.
  
 Buyer 
 /s/ Mester Frigyes 
 
 Seller
 /s/ Zvazheng

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