Document:

Loan Agreements with Bank Otsar Ha-Hayal

 Exhibit 4.15 
  

									
	OTSAR HA-HAYAL	 		  	Name of clerk:	 		 	
	FIBI GROUP	 		  	Shift:                	 	Page:              Time:    :    	 	
		 		  	Name of customer:	 	VIRYANET LTD.	 	
	To	 		  	Account no.:	 	XXXX Date 6.7.11	 	
	Bank Otsar Ha-Hayal Ltd.	 		  	Loan no.:	 	108	 	
	Branch Central - 357	 		  		 		 	

 APPLICATION FOR A LOAN IN NIS 

 
 Within the framework of the general conditions
for account management and the general conditions for loans in Israeli currency and in foreign currency (hereinafter: “the general conditions”), which were signed by us and subject to the terms thereof, we request that you provide us with
a loan in New Israeli Shekels as specified hereinafter: 
  

	1.	The loan amount: NIS 750,000. 

  

	2.	The loan provision day: Day the account is credited in the loan amount. 

 

	3.	The interest rate 

  

	 	 ̈	Fixed interest – at a rate of             % per annum (adjusted interest of
            % per annum). 

  

	 	x	Variable interest (prime +) – at the prime interest rate with the addition of a spread at a rate of 3.5 % per annum (the prime interest with the addition of
the spread on the day of the application is 8.25% per annum, adjusted interest of 8.57% per annum). 

  

	 	 ̈	Variable interest (prime -) – at the prime interest rate less a spread at a rate of
            % per annum (the prime interest less the spread on the day of the application is             % per
annum, adjusted interest of             % per annum). 

 For the removal of doubt, it is hereby clarified that in any event, the total interest (the prime interest less the spread) shall not be lower than 0%. 

 

	4.	Maturity dates of the loan: 

  

	 	 ̈	Principal and interest payments 

  

	 	a.	Maturity dates of the loan principal 

  

	 	x	Monthly payments 

 In 49 equal and consecutive payments in the sum of NIS 18,080.50 each, every 1 month on the 6th day of the month starting of 6/7/2012. 

 

	 	 ̈	Quarterly payments 

  

			
	L 24 M OH  | 11.09	 	Bank Otsar Ha-Hayal Ltd. | www.bankotsar.co.il
	[Each page stamped and signed by VIRYANET LTD]	 	

 In          equal and consecutive payments
in the sum of NIS              each, on the last day of the months of March, June, September and December of each year, as of
        /        /            . 

 

	 	 ̈	One payment 

 On
        /        /            . 

 

	 	 ̈	Equal payments – individual 

 By payments and at times as specified in Form L-24 (a), which is attached hereto as an appendix to this application. 
  

	 	 ̈	Varied payments – series of payments 

 By payments and at times as follows: 

         equal and consecutive payments in the sum of NIS
                     each, every          month/s as of
        /        /            . 

         equal and consecutive payments in the sum of NIS
                     each, every          month/s as of
        /        /            . 

         equal and consecutive payments in the sum of NIS
                     each, every          month/s as of
        /        /            . 

         equal and consecutive payments in the sum of NIS
                     each, every          month/s as of
        /        /            . 

         equal and consecutive payments in the sum of NIS
                     each, every          month/s as of
        /        /            . 

 

	 	b.	Maturity dates of the interest 

  

	 	 ̈	On the maturity date(s) of the loan principal as specified above. 

  

	 	 ̈	On the last day of the months of March, June, September and December of each year as of
        /        /             and a last payment on the day of maturity of the last
payment on account of the loan principal. 

  

	 	 ̈	Every          month/s on the          day of the month as of
        /        /             and a last payment on the day of maturity of the last
payment on account of the loan principal. 

  

	 	c.	Payment / accrual of interest during a “grace” period / “bullet” loan 

 

	 	 ̈	Payment of interest during a deferment period of the principal payments (“grace”), at different times that those specified in sub-clause
(b) above: 

 From the loan provision day and until the end of the “grace” period, the interest
on the loan principal shall be paid at the below specified times – 
  

	 	 ̈	On the last day of each calendar month as of
        /        /            . 

 

	 	 ̈	On the last day of the months of March, June, September and December of each year as of
        /        /            . 

  

			
	L 24 M OH  | 11.09	 	Bank Otsar Ha-Hayal Ltd. | www.bankotsar.co.il
	[Each page stamped and signed by VIRYANET LTD]	 	

	 	x	 Every month on the
6th day of the month starting 6/8/11.

  

	 	 ̈	Accrual of interest with a “bullet” loan, wherein also the principal and also the interest are paid in one payment at the end of the loan period:

 From the loan provision day onward, the interest on the loan principal shall accrue and be added to the loan
principal at each one of the following times, and it shall also bear compound interest at the rate set forth in clause 3 above: 
  

	 	 ̈	On the last day of each calendar* month / calendar* year. 

  

	 	 ̈	On the last day of the months of March, June, September and December of each year. 

 

	 	 ̈	At the end of each period of          month/s on the          day of the
month as of         /        /            . 

 

	 	 ̈	Accrual of interest during a deferment period of the interest payments (“grace”): 

From the loan provision day and until the end of the “grace” period, the interest on the loan principal shall accrue and be
added to the loan principal at each one of the following times, and it shall also bear compound interest at the rate set forth in clause 3 above. 
  

	 	 ̈	On the last day of each calendar* month / calendar* year. 

  

	 	 ̈	On the last day of the months of March, June, September and December of each year. 

 

	 	 ̈	At the end of each period of          month/s on the          day of the
month as of         /        /            . 

From the end of the “grace” period, the interest that has so accrued shall be paid as part of the loan principal. 

 

	 	 ̈	Payment of principal and interest in equal payments (Spitzer method loan): 

 

	 	a.	The loan principal and the interest thereon shall be paid in          equal and consecutive payments in the sum of NIS
                     each, every          month/s on the
         day of the month as of
        /        /            . 

 

	 	b.	The interest on the loan principal, in respect of the period from the loan provision day and until the start day of the calculation according to the Spitzer method
shall be paid on the day that precedes such aforesaid start day of the calculation. 

  

	 	c.	If the loan was provided at variable interest and a change occurs in the prime interest rate, the Bank shall recalculate the amount of the remaining payments on account
of the loan principal and the new interest thereon. A revised calculation of the first payment subsequent to the change shall be performed according to the period in which each one of the relevant prime interest rates was in effect. If a number of
changes have occurred in the prime interest rate, during the course of any payment period, the Bank shall act as aforesaid in relation to each one of the changes. 

  

			
	L 24 M OH  | 11.09	 	Bank Otsar Ha-Hayal Ltd. | www.bankotsar.co.il
	[Each page stamped and signed by VIRYANET LTD]	 	

	5.	Commissions 

  

	 	a.	Handling fee for credit and guarantees – standard documents in the sum of NIS 6000, which is to be paid on the loan provision day. 

 

	 	b.	Collection fee in respect of periodic repayment, in the sum of NIS         , as of today, which is to be paid on the
maturity date of each payment on account of the loan principal or the loan principal and the interest. 

  

	 	c.	Nominal commission for recording an account transaction in the sum of NIS
                     as of today (subject to another arrangement, if any) in respect of recording the loan in the account on the date of
provision thereof as well as in respect of any periodic repayment of the loan. The commission is collected at the beginning of each month, in respect of the preceding month. 

 

	 	d.	Additional expenses / charges, which are collected in advance: NIS
                    . 

  

	6.	Effective cost 

The effective cost of the loan, where it is calculated according to the relevant data as is the rate thereof on the day of the
application, is 8.7065 % per annum. 
  

	7.	Non-timely payment 

Without derogating from your right to call for immediate payment of the loan according to the provisions of the general conditions, any
amount of the loan payments that is not paid by us on the maturity date shall bear interest as specified in the general conditions, which shall accrue and that shall also bear compound interest, as aforesaid, in the frequency and at times according
to the maturity dates / accrual of the interest or at the end of each calendar quarter or on any other period, all at the option of the Bank and subject to the provisions of any law. 

 

	8.	Prepayment 

Prepayment of the loan, in whole or in part, prior to the maturity dates set therefor, shall be debited with payment of a prepayment
commission and any other payment, as shall be prescribed by the Bank at the time of the prepayment. 
 If the Bank is allowed,
pursuant to provisions of any law, to collect prepayment commissions and/or any other payment at different rates, the Bank shall collect the highest rate among them. Furthermore, the Bank shall be allowed to stipulate the prepayment on payment of
minimum payment rates on partial payment of the loan and/or on giving prior notice and/or on any other condition. 
  

	9.	Interpretation 

The terms in this application shall have the meanings given thereto in the general conditions, unless stated otherwise. 

 

									
		 		 	 [Stamp and signature]
 VIRYANET LTD

					
		 	_______________________	 		 		 	 
		 		 		 		 	

  

			
	L 24 M OH  | 11.09	 	Bank Otsar Ha-Hayal Ltd. | www.bankotsar.co.il
	[Each page stamped and signed by VIRYANET LTD]	 	

			
	For internal use	  	Customer signature

  

									
	OTSAR HA-HAYAL	 		  	Name of clerk:	 	________________	 	
	FIBI GROUP	 		  	Shift:                	 	Page:              Time:    :    	 	
		 		  	Name of customer:	 	VIRYANET LTD.	 	
	To	 		  	Account no.:	 	XXXX Date 6.9.11	 	
	Bank Otsar Ha-Hayal Ltd.	 		  	Loan no.:	 	205	 	
	Branch Central	 		  		 		 	

 APPLICATION FOR A LOAN IN NIS 

 
 Within the framework of the general conditions for
account management and the general conditions for loans in Israeli currency and in foreign currency (hereinafter: “the general conditions”), which were signed by us and subject to the terms thereof, we request that you provide us with a
loan in New Israeli Shekels as specified hereinafter: 
  

	10.	The loan amount: NIS 1,350,000. 

  

	11.	The loan provision day: Day the account is credited in the loan amount. 

 

	12.	The interest rate 

  

	 	 ̈	Fixed interest – at a rate of     % per annum (adjusted interest of     % per annum).

  

	 	x	Variable interest (prime +) – at the prime interest rate with the addition of a spread at a rate of 3.5 % per annum (the prime interest with the addition of
the spread on the day of the application is 8.25% per annum, adjusted interest of 8.5658% per annum). 

  

	 	 ̈	Variable interest (prime -) – at the prime interest rate less a spread at a rate of     % per annum (the prime interest less the spread
on the day of the application is     % per annum, adjusted interest of     % per annum). 

 For the removal of doubt, it is hereby clarified that in any event, the total interest (the prime interest less the spread) shall not be lower than 0%. 

 

	13.	Maturity dates of the loan: 

  

	 	 ̈	Principal and interest payments 

  

	 	a.	Maturity dates of the loan principal 

  

	 	x	Monthly payments 

 In 49 equal and consecutive payments in the sum of NIS 32,545 each, every 1 month on the 6th day of the month starting of 6/7/2012. 

 

	 	 ̈	Quarterly payments 

 In
         equal and consecutive payments in the sum of NIS                  each, on the last day of the months of
March, June, September and December of each year, as of         /        /        . 

  

			
	L 24 M OH  | 11.09	 	Bank Otsar Ha-Hayal Ltd. | www.bankotsar.co.il
	[Each page stamped and signed by VIRYANET LTD]	 	

	 	 ̈	One payment 

 On
        /        /         
  

	 	 ̈	Equal payments - individual 

 By payments and at times as specified in Form L-24 (a), which is attached hereto as an appendix to this application. 
  

	 	 ̈	Varied payments – series of payments 

 By payments and at times as follows: 

         equal and consecutive payments in the sum of NIS
                     each, every      month/s as of
        /        /        . 
          equal and consecutive payments in the sum of NIS
                     each, every      month/s as of
        /        /        . 
          equal and consecutive payments in the sum of NIS
                     each, every      month/s as of
        /        /        . 
          equal and consecutive payments in the sum of NIS
                     each, every      month/s as of
        /        /        . 
          equal and consecutive payments in the sum of NIS
                     each, every      month/s as of
        /        /        . 
  

	 	b.	Maturity dates of the interest 

  

	 	 ̈	On the maturity date(s) of the loan principal as specified above. 

  

	 	 ̈	On the last day of the months of March, June, September and December of each year as of
        /        /         and a last payment on the day of maturity of the last payment on account of the
loan principal. 

  

	 	 ̈	Every      month/s on the      day of the month as of
        /        /         and a last payment on the day of maturity of the last payment on account of the
loan principal. 

  

	 	c.	Payment / accrual of interest during a “grace” period / “bullet” loan 

 

	 	 ̈	Payment of interest during a deferment period of the principal payments (“grace”), at different times that those specified in sub-clause
(b) above: 

 From the loan provision day and until the end of the “grace” period, the interest
on the loan principal shall be paid at the below specified times – 
  

	 	 ̈	On the last day of each calendar month as of
        /        /        . 

 

	 	 ̈	On the last day of the months of March, June, September and December of each year as of
        /        /        . 

 

	 	x	 Every month on the
7th day of the month starting 7/10/11.

  

			
	L 24 M OH  | 11.09	 	Bank Otsar Ha-Hayal Ltd. | www.bankotsar.co.il
	[Each page stamped and signed by VIRYANET LTD]	 	

	 	 ̈	Accrual of interest with a “bullet” loan, wherein also the principal and also the interest are paid in one payment at the end of the loan period:

 From the loan provision day onward, the interest on the loan principal shall accrue and be added to the loan
principal at each one of the following times, and it shall also bear compound interest at the rate set forth in clause 3 above: 
  

	 	 ̈	On the last day of each calendar* month / calendar* year. 

  

	 	 ̈	On the last day of the months of March, June, September and December of each year. 

 

	 	 ̈	At the end of each period of      month/s on the      day of the month as of
        /        /        . 

 

	 	 ̈	Accrual of interest during a deferment period of the interest payments (“grace”): 

From the loan provision day and until the end of the “grace” period, the interest on the loan principal shall accrue and be
added to the loan principal at each one of the following times, and it shall also bear compound interest at the rate set forth in clause 3 above. 
  

	 	 ̈	On the last day of each calendar* month / calendar* year. 

  

	 	 ̈	On the last day of the months of March, June, September and December of each year. 

 

	 	 ̈	At the end of each period of      month/s on the      day of the month as of
        /        /        . 

From the end of the “grace” period, the interest that has so accrued shall be paid as part of the loan
principal. 
  

	 	 ̈	Payment of principal and interest in equal payments (Spitzer method loan): 

 

	 	d.	The loan principal and the interest thereon shall be paid in          equal and consecutive payments in the sum of NIS
         each, every      month/s on the      day of the month as of
        /        /        . 

 

	 	e.	The interest on the loan principal, in respect of the period from the loan provision day and until the start day of the calculation according to the Spitzer method
shall be paid on the day that precedes such aforesaid start day of the calculation. 

  

	 	f.	If the loan was provided at variable interest and a change occurs in the prime interest rate, the Bank shall recalculate the amount of the remaining payments on account
of the loan principal and the new interest thereon. A revised calculation of the first payment subsequent to the change shall be performed according to the period in which each one of the relevant prime interest rates was in effect. If a number of
changes have occurred in the prime interest rate, during the course of any payment period, the Bank shall act as aforesaid in relation to each one of the changes. 

  

			
	L 24 M OH  | 11.09	 	Bank Otsar Ha-Hayal Ltd. | www.bankotsar.co.il
	[Each page stamped and signed by VIRYANET LTD]	 	

	14.	Commissions 

  

	 	a.	Handling fee for credit and guarantees – standard documents in the sum of NIS 10,800, which is to be paid on the loan provision day. 0.8% State Guarantee fees.

  

	 	b.	Collection fee in respect of periodic repayment, in the sum of NIS         , as of today, which is to be paid on the
maturity date of each payment on account of the loan principal or the loan principal and the interest. 

  

	 	c.	Nominal commission for recording an account transaction in the sum of NIS
                     as of today (subject to another arrangement, if any) in respect of recording the loan in the account on the date of
provision thereof as well as in respect of any periodic repayment of the loan. The commission is collected at the beginning of each month, in respect of the preceding month. 

 

	 	d.	Additional expenses / charges, which are collected in advance: NIS
                    . 

  

	15.	Effective cost 

The effective cost of the loan, where it is calculated according to the relevant data as is the rate thereof on the day of the
application, is 8.6920% per annum. 
  

	16.	Non-timely payment 

Without derogating from your right to call for immediate payment of the loan according to the provisions of the general conditions, any
amount of the loan payments that is not paid by us on the maturity date shall bear interest as specified in the general conditions, which shall accrue and that shall also bear compound interest, as aforesaid, in the frequency and at times according
to the maturity dates / accrual of the interest or at the end of each calendar quarter or on any other period, all at the option of the Bank and subject to the provisions of any law. 

 

	17.	Prepayment 

Prepayment of the loan, in whole or in part, prior to the maturity dates set therefor, shall be debited with payment of a prepayment
commission and any other payment, as shall be prescribed by the Bank at the time of the prepayment. 
 If the Bank is allowed,
pursuant to provisions of any law, to collect prepayment commissions and/or any other payment at different rates, the Bank shall collect the highest rate among them. Furthermore, the Bank shall be allowed to stipulate the prepayment on payment of
minimum payment rates on partial payment of the loan and/or on giving prior notice and/or on any other condition. 
  

	18.	Interpretation 

The terms in this application shall have the meanings given thereto in the general conditions, unless stated otherwise. 

 

					
		 		 	 [Stamp and signature]
 VIRYANET LTD

			
	  	 		 	  
	For internal use	 		 	Customer signature

  

			
	L 24 M OH  | 11.09	 	Bank Otsar Ha-Hayal Ltd. | www.bankotsar.co.il
	[Each page stamped and signed by VIRYANET LTD]Confidential Separation Agreement and Release of Claims

 Exhibit 10.1 
 CONFIDENTIAL SEPARATION AGREEMENT AND RELEASE OF CLAIMS 
 This
Confidential Separation Agreement and Release of Claims (this “Agreement”) is entered into as of the date last written below by and between Real Goods Solar, Inc. (the “Company”) and Erik Zech (“Executive”). The Company
and Executive are sometimes hereinafter referred to, collectively, as the “Parties” and each, individually, as a “Party.” The Parties hereby agree as follows: 

1. Separation from Employment; Benefits. Executive’s employment with the Company is terminating effective
March 31, 2012 (the “Separation Date”). Executive will be paid for all base salary earned through the Separation Date, together with all accrued but unused paid time off as of the Separation Date. For the period subsequent to the
Separation Date, Executive may be eligible to elect continued group health and dental insurance coverage pursuant to the federal law known as COBRA. Notification of Executive’s COBRA rights will be sent under separate cover. Effective on the
Separation Date, Executive’s entitlement to or participation in any and all other Company benefits, benefit plans, policies or programs shall cease, except as expressly set forth herein. 

2. Severance Payment. If Executive signs and does not revoke this Agreement, the Company will continue to pay Executive for a
period of five (5) weeks at his current annual base salary rate, less applicable tax deductions and withholdings (“Salary Continuation”). The Salary Continuation will be paid in accordance with the Company’s customary payroll
practices, commencing on the first regular payroll date following expiration of the Revocation Period described in Paragraph 11 below. Executive acknowledges and agrees that the Salary Continuation is being provided in exchange for his assent to the
terms of this Agreement and is not an amount to which he is otherwise entitled. 
 3. Release of Claims. Executive, on
behalf of himself and his spouse, heirs, children, successors, current and former agents, representatives, executors, beneficiaries, administrators, trustees, attorneys and assigns, voluntarily releases and discharges the Company and each of its
predecessors, successors, subsidiaries, investors and current and former assigns, agents, officers, partners, members, directors, shareholders, employees, investors, consultants, representatives, insurers, attorneys, affiliates, and any other
related entities, and all persons acting by, through, under, or in concert with any of them (any and all of which are referred to as “Releasees”), from any and all charges, complaints, claims, liabilities, obligations, promises,
agreements, causes of action, damages, losses, expenses, and debts of any nature whatsoever, known or unknown (“Claims”), which Executive has, claims to have, ever had, or ever claimed to have had in his role as an employee against
Releasees through the date last written below. This general release of Claims includes, without implication of limitation, all Claims relating to Executive’s employment and separation from employment with the Company; all Claims relating to
Executive’s positions and duties with the Company; all Claims of discrimination, harassment and retaliation prohibited by any federal, state, or local statute, regulation, or ordinance, including without implication of limitation, Title VII of
the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans With Disabilities Act, the Family and Medical Leave Act, the Employee Retirement Income Security Act and any similar applicable federal, state or local laws; all
Claims for breach of contract or wrongful terminations and all other statutory or common law employment related Claims. Executive also waives any 

 
Claim for reinstatement, attorneys’ fees, interest, or costs, and all Claims for wages, bonuses, severance, equity or other compensation, provided that this Agreement shall not be construed
to impair Executive’s rights under this Agreement. Additionally, nothing in this Agreement shall be interpreted to prohibit Executive from filing a discrimination claim with any anti-discrimination agency, or from participating in a
discrimination investigation or proceeding conducted by any such agency. However, by signing this Agreement, Executive acknowledges that he is waiving any and all rights to money damages and any other relief that might otherwise be available should
he or any other entity pursue claims against the Releasees. 
 4. Non-Filing of Complaint or Charges. Executive
represents that he has not filed any complaint or charge against any of the Releasees with any local, state or federal agency or court, or assigned any of the released Claims to any third party. 

5. Return of Information and Property. Executive represents and warrants that he has either returned or will return to the Company
on or before the Separation Date any and all Company property requested by the Company and Company documents. Executive further agrees that on and after the Separation Date, he will not for any purpose attempt to access or use any the Company
computer or computer network or system, including its servers and electronic mail system, unless at the done at the Company’s request. Executive also represents that he has left intact all of the Company’s electronic files, including those
that he developed or helped develop during his employment with the Company. 
 6. Confidentiality. Executive agrees to
keep the existence, terms, and amount of this Agreement completely confidential, and not to disclose any such matters to anyone, in words or in substance, except as set forth in this paragraph. Notwithstanding the foregoing, Executive may disclose
such matters (a) to immediate family members, attorneys and/or accountants, provided, that he shall first obtain any such person’s agreement to keep any such matters completely confidential and not to disclose any such matters to
anyone; and (b) to the extent required by law or to the extent necessary to enforce his rights under this Agreement. 

7. Cooperation. Executive agrees that upon request by the Company (and only upon such request), he shall provide, at
mutually agreeable times and in reasonable amounts, assistance to and cooperation with the Company in order to ensure a smooth transition of his duties and responsibilities. Executive further agrees to cooperate fully with the Company in the defense
or prosecution of any threatened or actual claims or actions which may be brought by, against or on behalf of the Company or its predecessors, subsidiaries, affiliates or any of their current or former partners, investors, agents, employees,
officers, or directors and which relate to events or occurrences that transpired or are alleged to have transpired during his employment or affiliation with the Company or its predecessors. Such cooperation shall include, without implication of
limitation, being available to meet at mutually agreeable times with the Company’s counsel to prepare for discovery or trial and to testify truthfully as a witness when reasonably requested by the Company. 

8. Non-Disparagement. Executive agrees not to make any statement, written or oral, which disparages the Company or any of its
services, subsidiaries, affiliates, shareholders, investors, partners, members, directors, officers, employees, or agents. Executive further agrees not to make any statement or take any action which has the intended or foreseeable effect of harming
the Company. For their part, the officers and directors of the Company likewise agree not to make any statement, written or oral, to any third party which disparages Executive. 

  
 2 

 Nothing in this Section or in Sections 6 or 7 herein shall prohibit or bar the Parties from
providing truthful testimony in any legal proceeding, communicating with any governmental agency or representative, or from making any truthful disclosure required by law; provided, that in the event of such a disclosure, the Parties agree to
provide advance written notice to the other Party of his/its intent to make such disclosures and provided that best efforts will be used by all Parties to ensure that this Section and Sections 6 and 7 are complied with to the maximum extent
possible. Moreover, nothing herein shall prevent Executive from participating in any proceeding before any federal or state administrative agency to the fullest extent permitted by applicable law, provided that he will be prohibited to the fullest
extent authorized by law from obtaining monetary damages and any other relief in any agency proceeding in which he does so participate. 
 9. Further Assurances. The Parties agree to execute, acknowledge (if necessary), and deliver such documents, certificates or other instruments and take such other actions as may be reasonably
required from time to time to carry out the intents and purposes of this Agreement. 
 10. Remedy for Breach. Executive
understands and agrees that a breach of Sections 4, 5, 6, 7 and/or 8 herein would result in irreparable harm to the Company, that money damages would not provide an adequate remedy, and, therefore, that in addition to any other rights that the
Company may have, it shall have the right to specific performance and injunctive relief in the event of a breach any of those Sections of this Agreement. In addition, in the event of a violation of this Agreement, the Company shall be entitled to
recover its attorney’s fees and costs incurred in connection with any efforts to enforce its rights under this Agreement. 

11. Voluntary Waiver and Acknowledgement. Executive acknowledges that he has had the opportunity to consult with the attorney of
his choice in connection with executing this Agreement, and that he has been given the opportunity, if so desired, to consider this Release for forty-five (45) days before executing it. If Executive does not sign this Agreement and return it to
Melinda Hall, Human Resources Consultant, Real Goods Solar, Inc., 833 W. South Boulder Road, Louisville, Colorado 80027, so that it is received within forty-five (45) days of the Separation Date, it will not be valid. Any violation of this
Agreement during the 45-day period shall also invalidate this offer. In the event that Executive executes this Release within less than 45 days, he acknowledges that such decision was entirely voluntary and that he had the opportunity to consider
this Release for the entire 45-day period. Any change to this Agreement, whether material or otherwise, will not re-start this 45-day period. 
 The Parties acknowledge that, for a period of seven (7) days from the date that Executive signs this Agreement (the “Revocation Period”), he will retain the right to revoke this Agreement
by written notice to Melinda Hall, Human Resources Consultant, Real Goods Solar, Inc., 833 W. South Boulder Road, Louisville, Colorado 80027, received before the end of the Revocation Period, and that this Agreement will not become effective or
enforceable until the expiration of the Revocation Period. 
 Executive agrees that he has carefully read and understands all of
the provisions of this Agreement, and that he is voluntarily entering into this Agreement. Executive further represents 

  
 3 

 
and acknowledges that in executing this Agreement, he is not relying and has not relied upon any representation or statement made by any of the Releasees with regard to the subject matter, basis
or effect of this Agreement. 
 12. Entire Agreement. This Agreement constitutes the entire understanding and agreement
of the Parties regarding the matters set forth herein and supersedes any prior communications, agreements and understandings, written or oral, with respect to the matters set forth herein. 

13. Other Terms. This Agreement may be modified only by a written agreement signed by Executive and an authorized officer
of the Company. The waiver by any Party of a breach of this Agreement shall not operate or be construed as a waiver of any subsequent breach. This Agreement may be executed in separate counterparts, each of which shall be deemed an original, but all
of which together shall constitute the same instrument. This Agreement shall be governed by and construed in accordance with the laws of the state of Colorado without regard for the conflict of laws principles thereof. The language of all parts of
this Agreement shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against any of the Parties. This Agreement is not, and shall not be construed to be, an admission of any violation of any federal,
state or local statute or regulation, or of any duty owed by Executive or any of the Releasees. If any provision of this Agreement is deemed invalid, the remaining provisions shall not be affected and shall be enforced to the maximum extent
permitted by law. This Agreement shall be binding upon and inure to the benefit of the Parties’ successors and assigns, except that Executive’s obligations herein are personal and may not be assigned. 

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date last written below. 

 

							
	 /s/ Erik Zech
	  		  	March 31, 2012
	 Erik Zech
	  		  	DATE
			
	 REAL GOODS SOLAR, INC.
	  		  	
				
	 By:
	 	 /s/ John Jackson
	  		  	March 31, 2012
		 	 John Jackson, VP
	  		  	DATE

  
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