Document:

exv10w2

 

Exhibit 10.2

Amendment to Employment Agreement

     This Amendment to the Employment Agreement dated June 30, 2006 by and among Daniel Parke (the
“Executive”) and Parke Acquisition, LLC, a California limited liability company, is entered into as
of October 1, 2007.

W I T N E S S E T H:

     WHEREAS, Parke Acquisition, LLC and Executive are parties to that Employment Agreement dated
June 30, 2006 (the “Employment Agreement”). All capitalized terms used but not defined
herein shall have the meanings ascribed to such terms in the Employment Agreement;

     WHEREAS, the Company is a wholly owned subsidiary of Lime Energy Co. (formerly known as
Electric City Co.) within the meaning of Section 424(f) of the Internal Revenue Code of 1986, as
amended (the “Code”);

     WHEREAS, the Employment Agreement expires on June 29, 2008 and the Parties now find it
desirable to extend the term of the Employment Agreement; and

     WHEREAS, the Company desires to grant the Executive additional stock options.

     NOW, THEREFORE, in consideration of the premises set forth above, the parties to the Amendment
hereby agree to the following amendments to the Employment Agreement:

	 	1.	 	The first sentence of Section 2 is revised and replaced with the following sentence:

2. Term. The term of the Executive’s employment under this Agreement (the “Employment
Period”) shall commence on the date hereof (the “Commencement Date”), and
expire on December 31, 2010 (the date of termination being referred to herein as
the “Expiration Date”).;

	 	2.	 	Section 5 is hereby amended to add the following at the end thereof:

In addition to the Stock Options, the Executive is hereby granted additional stock options
(the “Additional Stock Options”) to purchase 1,000,000 shares of the Company’s stock at a
price equal to the closing market price of the Company stock on the date of this Amendment
(the “Additional Stock Option Exercise Price”). Such Additional Stock Options shall vest
in accordance with the following schedule:

	 	•	 	On December 31, 2008, so long as Executive is employed by the Company on such date,
Executive shall become immediately vested in Additional Stock Options to purchase
333,334 shares of the Company’s common stock;

 

 

	 	•	 	On December 31, 2009, so long as Executive is employed by the Company on such date,
Executive shall become immediately vested in Additional Stock Options to purchase
333,333 shares of the Company’s common stock; and
	 
	 	•	 	On December 31, 2010, so long as Executive is employed by the Company on such date,
Executive shall become immediately vested in Additional Stock Options to purchase
333,333 shares of the Company’s common stock.

Upon the occurrence of a Change in Control, the Additional Stock Options granted pursuant
to this Section 5 shall be automatically and immediately vested and become exercisable by
Executive, subject to the other applicable terms of this Agreement.

The first 57,735 Addition Stock Options shall be incentive options as that term is defined
in Section 424(f) of the Internal Revenue Code and shall be governed in accordance with the
provisions of the Company’s 2001 Employee Stock Incentive Plan, as amended. The remaining
Additional Stock Options shall be nonstatutory options. If Executive’ employment with the
Company is terminated, as provided in Section 8, such Additional Stock Options (whether or
not vested) shall survive or terminate as provided under Section 8.

	 	3.	 	The term “Stock Options” contained in Sections 6 and 8 of the Employment Agreement
shall hereby be replaced with the words “Stock Options and Additional Stock Options.”
	 
	 	4.	 	All other provisions of the Employment Agreement shall remain in full force and
effect.
	 
	 	5.	 	This Amendment may be executed in any number of counterparts, by original signature
or facsimile, each of which so executed shall be deemed to be an original, and such
counterparts will together constitute but one document.

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

PARKE ACQUISITION, LLC.

	 	 	 	 	 
	By: 

Name:

	 	/s/ David Asplund
 

David R. Asplund
	 	 
	Title:

	 	Manager	 	 
	 
	 	 	 	 

	 	 	 
	/s/ Daniel Parke
 

Daniel W. Parkeexv10w3

 

Exhibit 10.3

Amendment to Employment Agreement

     This Amendment to the Employment Agreement dated August 15, 2006 by and among Jeffrey R.
Mistarz (the “Executive”) and Lime Energy Co. (formerly known as Electric City Corp.), a Delaware
corporation (the “Company”) (this “Amendment”) is entered into as of October 1, 2007.

W I T N E S S E T H:

     WHEREAS, the Company and Executive are parties to that Employment Agreement dated August 15,
2006 (the “Employment Agreement”). All capitalized terms used but not defined herein shall
have the meanings ascribed to such terms in the Employment Agreement;

     WHEREAS, the Employment Agreement expires on August 14, 2008 and the parties now find it
desirable to extend the term of the Employment Agreement; and

     WHEREAS, the Company desires to grant the Executive additional stock options.

     NOW, THEREFORE, in consideration of the premises set forth above, the parties hereto hereby
agree to the following amendments to the Employment Agreement:

	 	1.	 	The first sentence of Section 2 (“Term”) of the Employment Agreement is replaced in
its entirety with the following sentence:

     2. Term. The term of the Executive’s employment under this Agreement (the
“Employment Period”) shall commence on the date hereof (the “Commencement Date”),
and shall expire on December 31, 2010 (the date of termination being referred to
herein as the “Expiration Date”);

	 	2.	 	Section 5 is hereby amended to add the following at the end thereof:

In addition to the Stock Options, the Executive is hereby granted additional stock options
(the “Additional Stock Options”) to purchase 250,000 shares of the Company’s stock at a
price equal to the closing market price of the Company stock on the date of this Amendment
(the “Additional Stock Option Exercise Price”). Such Additional Stock Options shall vest
in accordance with the following schedule:

	 	•	 	On December 31, 2008, so long as Executive is employed by the Company on such
date, Executive shall become immediately vested in Additional Stock Options to
purchase 83,334 shares of the Company’s common stock;
	 
	 	•	 	On December 31, 2009, so long as Executive is employed by the Company on such
date, Executive shall become immediately vested in Additional Stock Options to
purchase 83,333 shares of the Company’s common stock; and
	 
	 	•	 	On December 31, 2010, so long as Executive is employed by the Company on such
date, Executive shall become immediately vested in Additional Stock Options to
purchase 83,333 shares of the Company’s common stock.

 

 

	 	 	 	Upon the occurrence of a Change in Control, the Additional Stock Options granted pursuant
to this Section 5 shall be automatically and immediately vested and become exercisable by
Executive, subject to the other applicable terms of this Agreement.
	 
	 	 	 	The Additional Stock Options shall be nonstatutory options. If Executive’ employment with
the Company is terminated, as provided in Section 8, such Additional Stock Options (whether
or not vested) shall survive or terminate as provided under Section 8.
	 
	 	3.	 	The term “Stock Options” contained in Sections 6 and 8 of the Employment Agreement
shall hereby be replaced with the words “Stock Options and Additional Stock Options.”
	 
	 	4.	 	All other provisions of the Employment Agreement shall remain in full force and
effect.
	 
	 	5.	 	This Amendment may be executed in any number of counterparts, by original signature
or facsimile, each of which so executed shall be deemed to be an original, and such
counterparts will together constitute but one document.

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

LIME ENERGY CO.

	 	 	 	 	 
	By: 

Name:

	 	/s/ David Asplund
 

David Asplund
	 	 
	Title:

	 	Chief Executive Officer	 	 

	 	 	 
	/s/ Jeffrey Mistarz
 

Jeffrey R. Mistarzexv10w18

 

Exhibit 10.18

SECOND AMENDMENT TO THE

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

THIS SECOND AMENDMENT TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) is entered into as of August 29, 2007, by and between ROYAL
STREET COMMUNICATIONS, LLC (“Royal Street”). ROYAL STREET COMMUNICATIONS
CALIFORNIA, LLC, ROYAL STREET BTA 262, LLC, ROYAL STREET COMMUNICATIONS FLORIDA, LLC,
ROYAL STREET BTA 159, LLC, ROYAL STREET BTA 212, LLC, ROYAL STREET BTA 239, LLC,
ROYAL STREET BTA 289, LLC and ROYAL STREET BTA 336, LLC, each a Delaware limited
liability company (individually and collectively, jointly and severally, the
“Borrower”), and METROPCS WIRELESS, INC., a Delaware corporation
(“Lender” or “MetroPCS”).

WITNESSETH:

     WHEREAS, Borrower and the Lender are parties to that certain Second Amended and
Restated Credit Agreement, executed on December 15, 2005 as of December 22, 2004 (the
“Second Credit Agreement”), as amended by the First Amendment to the Second
Amended and Restated Credit Agreement, dated as of November 2, 2006 (the “Amended
Second Credit Agreement,” together with the Second Credit Agreement, as amended,
restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”); and

     WHEREAS, Royal Street, as Administrative Borrower under the Credit Agreement,
has requested, and MetroPCS has agreed, to amend the Credit Agreement to provide for
an increase in the principal amount of the Loan Commitment Amount from $500,000,000
to $680,000,000 in accordance with and subject to the terms and conditions set forth
herein;

     NOW THEREFORE, in consideration of the premises set forth above, the terms and
conditions contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereby agree, subject
to the conditions precedent to this Amendment and intending to be legally bound, to
amend the Credit Agreement as follows:

     1, Capitalized Terms. All capitalized terms used herein shall
have the meanings ascribed thereto in the Credit Agreement, as amended hereby,
except as otherwise defined or limited herein.

     2. Amendment to Section 1.

     (a) Section 1 of the Credit Agreement, Defined Terms, is
hereby modified and amended by deleting the definition of “Loan Commitment
Amount” in its entirety and substituting the following in lieu thereof:

 

 

     “Loan Commitment Amount” shall mean $680,000,000.00 or the
maximum amount that Lender is permitted to lend to Borrower pursuant
to the Lender Credit Facility.

     3. No Other Amendments. Except for the amendment set forth in Section 2
hereof, the text of the Credit Agreement and the other Loan Documents shall
remain unmodified and in full force and effect.

     4. Representations and Warranties. Borrower agrees, represents
and warrants in favor of Lender as follows:

     (a) This Amendment has been executed and delivered by a duly
authorized representative of Borrower, and the Credit Agreement, as
modified and amended by this Amendment, constitutes a legal, valid and binding
obligation of Borrower and is enforceable against Borrower in accordance with its
terms, except as may be limited by (i) applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws or (ii) general principles of equity;

     (b) Except as reflected on Exhibit 1, each representation or warranty
of Borrower set forth in the Credit Agreement is hereby restated and
reaffirmed as true and correct in all material respects on and as of the Effective
Date, and after giving effect to this Amendment, as if such representation or warranty
were made on and as of the Effective Date of, and after giving effect to, this
Amendment;

     (c) No Event of Default (or other event which if not timely cured or
corrected would with the passage of time become an Event of Default) with
respect to Borrower has occurred and is continuing; and

     (d)
As of the date hereof, Borrower is solvent after giving effect to the transactions contemplated herein.

     5. Conditions to Effectiveness. This Amendment will be effective as of
the date first written above (the “Amendment Effective Date”), subject to
the occurrence of each of the following on or before such date:

     (a)
Lender shall have received counterparts hereof duly executed by Borrower; and

     (b) All of the representations and warranties of Borrower set forth in
the Credit Agreement and this Amendment shall be true and correct in all
material respects with the same effect as though such representations and
warranties had been made on and as of the Amendment Effective Date as though made on and
as of such date.

 

 

     6. Effect on the Credit Agreement. Except as specifically amended by
Section 2 hereof, the Credit Agreement and the Loan Documents shall remain in
full force and effect, and is hereby ratified, reaffirmed and confirmed. This
Amendment shall be deemed to be a Loan Document for all purposes.

     7. Counterparts. This Amendment may be executed in any number of
separate counterparts and by the different parties hereto on separate
counterparts, each of which shall be deemed an original and all of which, taken together, shall be
deemed to constitute one and the same instrument. In proving this Amendment in any
judicial proceedings, it shall not be necessary to produce or account for more than one
such counterpart signed by the party against whom such enforcement is sought.
Delivery of an executed counterpart of this Amendment by telefacsimile or other electronic
method of transmission shall be equally as effective as delivery or an original executed
counterpart of this Amendment.

     8. Law of Contract. This Amendment shall be governed and construed and
interpreted in accordance with the laws of the State of New York, without regard
to its conflict of laws principles.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

     IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and
year first written above.

	 	 	 	 	 	 	 
	BORROWERS:	 	ROYAL STREET COMMUNICATIONS, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert A. Gerard	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Robert A. Gerard
	 	 	 	 	Title: Chief Executive Officer and Chairman of
	 	 	 	 	the Management Committee
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ROYAL STREET COMMUNICATIONS CALIFORNIA, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	Royal Street Communications, LLC,
	 	 	 	 	its sole member
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert A. Gerard	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Robert A. Gerard
	 	 	 	 	Title: Chief Executive Officer and Chairman of
	 	 	 	 	the Management Committee
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ROYAL STREET BTA 262, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	Royal Street Communications California, LLC,
	 	 	 	 	its sole member
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert A. Gerard	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Robert A. Gerard
	 	 	 	 	Title: Chief Executive Officer

 

 

	 	 	 	 	 	 	 
	 	 	ROYAL STREET COMMUNICATIONS FLORIDA, LLC,
	 	 	a Delaware limited liability company
	 

	 	 	 	 	 	 
	 	 	By:	 	Royal Street Communications, LLC,
	 	 	 	 	its sole member
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert A. Gerard	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Robert A. Gerard
	 	 	 	 	Title: Chief Executive Officer and Chairman of
	 	 	 	 	the Management Committee
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ROYAL STREET BTA 159, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	Royal Street Communications Florida, LLC,
	 	 	 	 	its sole member
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert A. Gerard	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Robert A. Gerard
	 	 	 	 	Title: Chief Executive Officer
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ROYAL STREET BTA 212, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	Royal Street Communications Florida, LLC,
	 	 	 	 	its sole member
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert A. Gerard	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Robert A. Gerard
	 	 	 	 	Title: Chief Executive Officer
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ROYAL STREET BTA 239, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	Royal Street Communications Florida, LLC,
	 	 	 	 	its sole member
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert A. Gerard	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Robert A. Gerard
	 	 	 	 	Title: Chief Executive Officer

 

 

	 	 	 	 	 	 	 
	 	 	ROYAL STREET BTA 289, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	Royal Street Communications Florida, LLC,
	 	 	 	 	its sole member
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert A. Gerard	 	 	 
	 

	 	 	 	 
	 	 	 	 	Name:	 	Robert A. Gerard
	 	 	 	 	Title:	 	Chief Executive Officer
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ROYAL STREET BTA 336, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	Royal Street Communications Florida, LLC,
	 	 	 	 	its sole member
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert A. Gerard	 	 	 
	 

	 	 	 	 
	 	 	 	 	Name:	 	Robert A. Gerard
	 	 	 	 	Title:	 	Chief Executive Officer
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	LENDER:	 	METROPCS WIRELESS,
INC.,
	 	 	a Delaware corporation
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 
	 	 	 	 	Name:	 	Roger D. Linquist
	 	 	 	 	Title:	 	Chief Executive Officer

 

 

	 	 	 	 	 	 	 
	 	 	ROYAL STREET BTA 289, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	Royal Street Communications Florida, LLC,
	 	 	 	 	its sole member
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Robert A. Gerard
	 	 	 	 	Title: Chief Executive Officer
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	ROYAL STREET BTA 336, LLC,
	 	 	a Delaware limited liability company
	 
	 	 	 	 	 	 
	 	 	By:	 	Royal Street Communications Florida, LLC,
	 	 	 	 	its sole member
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Robert A. Gerard
	 	 	 	 	Title: Chief Executive Officer
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	LENDER:	 	METROPCS WIRELESS, INC.,
	 	 	a Delaware corporation
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Roger D. Linquist	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Roger D. Linquist
	 	 	 	 	Title: Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]