Document:

EX-10.F

 

Exhibit
10(f)

AMERICAN INTERNATIONAL GROUP, INC.

AMENDED AND RESTATED 2007 STOCK INCENTIVE PLAN

NON-EMPLOYEE DIRECTOR DEFERRED STOCK UNITS AWARD AGREEMENT

     This award agreement (this “Award Agreement”) sets forth the terms and conditions of an award
(this “Award”) of deferred stock units (“DSUs”) granted to you under the American International
Group, Inc. Amended and Restated 2007 Stock Incentive Plan (as amended and restated from time to time, the “Plan”).

     1. The Plan. This Award is made pursuant to the Plan, the terms of which are
incorporated in this Award Agreement. Capitalized terms used in this Award Agreement which are not
defined in this Award Agreement have the meanings as used or defined in the Plan.

     2. Award. The number of DSUs set forth on the signature page of this Award Agreement
are subject to this Award. Each DSU constitutes an unfunded and unsecured promise of AIG to deliver
(or cause to be delivered) to you, subject to the terms of this Award Agreement, one share of
Common Stock (a “Share” or “Shares” as the context requires) (or securities or other property equal
to the Fair Market Value thereof) on the Delivery Date as provided herein. Until such delivery,
you have only the rights of a general unsecured creditor and no rights as a shareholder of AIG. In
the event the calculation of the number of DSUs subject to this Award Agreement results in
fractional shares, the number of Shares shall be rounded down to the next whole Share. THIS AWARD
IS SUBJECT TO ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AWARD AGREEMENT.

     3. Delivery.

         (a) In General. Except as provided below in this Paragraph 3 and Paragraph 8, the
Delivery Date shall be on the last Trading Day of the month in which you cease to be a director of
the Board. AIG may deliver securities or other property based on the Fair Market Value in lieu of
all or any portion of the Shares otherwise deliverable on the Delivery Date. You shall be the
beneficial owner of any Shares at the close of business on the Delivery Date and shall be entitled
to any dividend or distribution that has not already been made with respect to such Shares if the
record date for such dividend or distribution is on or after the close of business on the Delivery
Date. “Trading Day” means a day on which the Common Stock trades regular way on the New York Stock
Exchange or, if the Common Stock is not then listed on the New York Stock Exchange, on the
principal national or regional securities exchange on which the Common Stock is then listed or, if
the Common Stock is not then listed on a national or regional securities exchange, on the principal
other market on which the Common Stock is then traded.

         (b) Death. Notwithstanding any other term or provision of this Award Agreement, if
you die prior to the Delivery Date, the Shares (or securities or other property in lieu of all or
any portion thereof) corresponding to your outstanding DSUs shall be delivered to the
representative of your estate as soon as practicable after the date of death and after such
documentation as may be requested by the Board is provided to the Board.

 

 

     4. Dividend Equivalent Rights. On the first day of each quarter before the delivery
of Shares (or securities or other property in lieu thereof) pursuant to this Award Agreement, you
shall be entitled to receive, in the form of DSUs, an amount equal to any regular cash dividend
payment that would have been distributed during the preceding quarter in respect of the Shares not
yet delivered. The number of DSUs awarded under this Section 4 shall be based upon the closing
price of a Share on the first day of the quarter succeeding the dividend payment date. In the event
the calculation of the number of DSUs to be received results in fractional shares (after taking
into account all DSUs to be awarded to you in respect of such date), the number of Shares shall be
rounded down to the next whole Share. In the event that a regular cash dividend payment is paid
during the quarter in which you cease to be a director (but prior to the date on which you cease to
be a director) you will be entitled to receive an amount in cash on the Delivery Date equal to the
actual dividend paid for that quarter in respect of the Shares.

     5. Non-transferability. Except as may otherwise be provided in this Paragraph or as
otherwise may be provided by the Board, the limitations set forth in Section 3.5 of the Plan shall
apply. Any assignment in violation of the provisions of this Paragraph 5 shall be void. The Board
may adopt procedures pursuant to which you may transfer some or all of your DSUs through a gift for
no consideration to any child, stepchild, grandchild, parent, stepparent, grandparent, spouse,
sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law
or sister-in-law, including adoptive relationships, any person sharing the recipient’s household
(other than a tenant or employee), a trust in which these persons have more than 50% of the
beneficial interest, and any other entity in which these persons (or the recipient) own more than
50% of the voting interests.

     6. Withholding, Consents and Legends.

         (a) The delivery of Shares is conditioned on your satisfaction of any applicable withholding
taxes in accordance with Section 3.2 of the Plan.

         (b) Your rights in respect of the DSUs are conditioned on the receipt to the full satisfaction
of the Board of any required consents (as defined in Section 3.3 of the Plan) that the Board may
determine to be necessary or advisable.

         (c) AIG may affix to Certificates representing Shares issued pursuant to this Award Agreement
any legend that the Board determines to be necessary or advisable. AIG may advise the transfer
agent to place a stop order against any legended Shares.

     7. Successors and Assigns of AIG. The terms and conditions of this Award Agreement
shall be binding upon and shall inure to the benefit of AIG and its successors and assigns.

     8. Amendment. The Board reserves the right at any time to amend the terms and
conditions set forth in this Award Agreement in any respect in accordance with Section 1.3 of the
Plan, and the Board may amend the Plan in any respect in accordance with Section 3.1 of the Plan.
Notwithstanding the foregoing and Sections 1.3.1 and 3.1 of the Plan, no such amendment shall
materially adversely affect your rights and obligations under this Award Agreement without

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your consent (or the consent of your estate, if such consent is obtained after your death),
and the Board may not accelerate the delivery of the Shares (or securities or other property in
lieu of any or all of the Shares). Any amendment of this Award Agreement shall be in writing
signed by an authorized member of the Board or any other person or persons authorized by the Board.

     9. Governing Law. THIS AWARD SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS.

     10. Headings. The headings in this Award Agreement are for the purpose of convenience
only and are not intended to define or limit the construction of the provisions hereof.

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     IN WITNESS WHEREOF, AIG and you have caused this Award Agreement to be duly executed and
delivered.

	 	 	 	 	 
	 	AMERICAN INTERNATIONAL GROUP, INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 
	Recipient:	 	 
	 
	 	 
	Number of
DSUs:	 	 
	 
	 	 
	Date:	 	 
	 
	 	 
	Accepted and Agreed:
	 	 
	 
	 	 
	By:exv10w1

 

Exhibit 10.1

RECORDING REQUESTED BY

AND WHEN RECORDED MAIL

TO:

Horwood Marcus & Berk Chtd.

180 North LaSalle Street

Suite 3700

Chicago, Illinois 60601

Attn: J. David Ballinger, Esq.

FIFTH MODIFICATION TO

MORTGAGE, ASSIGNMENT OF LEASES

AND RENTS, AND SECURITY AGREEMENT

     THIS FIFTH MODIFICATION TO MORTGAGE, ASSIGNMENT OF LEASES, AND RENTS, AND SECURITY AGREEMENT
(this “Modification”) is made as of December 17, 2007, by LIME ENERGY CO., a Delaware corporation
(formerly known as Electric City Corp.) (“Mortgagor”) and AMERICAN CHARTERED BANK, an Illinois
banking association (together with its successors and assigns, “Bank”).

W
I T N E S S E
T H

     A. Mortgagor entered into that certain Mortgage, Assignment of Leases and Rents and Security
Agreement dated as of May 29, 2002 and recorded with the Cook County Recorder of Deeds as Document
Number #0020628480 in favor of Bank, as amended by that Amended and Restated Mortgage, Assignment
of Leases and Rents, and Security Agreement dated September 30, 2003 and recorded as Document
#0410732101, that certain Second Amended and Restated Mortgage, Assignment of Leases and Rents, and
Security Agreement dated December 31, 2004 and recorded on January 10, 2005 as Document
#0501002435, that certain Third Modification to Mortgage recorded on January 10, 2006 as Document
#0601043120, and that certain Fourth Modification to Mortgage recorded on January 11, 2007 as
Document #0701142149 (collectively, the “Mortgage”);

     B. The property encumbered by the Mortgage is commonly known as 1280 Landmeier, Elk Grove
Village, Illinois legally described on Exhibit A attached hereto and made a part hereof
(the “Property”);

     C. The Mortgage secures the payment of the indebtedness of Mortgagor to Bank evidenced by that
certain Third Amended and Restated Mortgage Note, dated the date hereof, by Mortgagor in favor of
Bank, in the maximum principal amount of $490,000.00 (the “Mortgage Note”). The Mortgage Note is
secured by, among other things, the Mortgage, together with all

 

 

other documents, instruments and agreements entered into or delivered in connection with the Loan
Agreement (collectively, the “Loan Documents”); and

     D. Mortgagor has requested that the Bank extend the Maturity Date from February 1, 2008 to
February 1, 2010, and Bank is willing to accommodate such requests, subject to the terms and
conditions of this Modification.

     NOW, THEREFORE, in consideration of the premises, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby
agree that the Mortgage be and is hereby modified and amended as follows:

     1. Third Amended and Restated Mortgage Note. Concurrently herewith, and as a
condition to Bank’s obligations hereunder, Mortgagor has executed and delivered to Bank that
certain Third Amended and Restated Mortgage Note, dated the date hereof, in the maximum principal
amount of $490,000.00 (the “Third Amended and Restated Mortgage Note”).

     2. References. All references in the Mortgage and the other Loan Documents to the
Note shall be deemed to refer to the Third Amended and Restated Mortgage Note. All references to
the Mortgage in the Third Amended and Restated Mortgage Note and the other Loan Documents shall be
deemed to refer to the Mortgage as amended hereby.

     3. Full Force and Effect. The provisions of the Mortgage, as amended hereby, are in
full force and effect, and the Mortgage as so amended is hereby ratified and confirmed and all
representations and warranties made therein remain true and correct as of the date hereof.

     4. Priority. Nothing herein contained shall in any manner affect the lien or priority
of the Mortgage, or the covenants, conditions and agreements therein contained or contained in the
Loan Documents, as amended.

     5. Conflict. In the event of conflict between any of the provisions of the Mortgage
and this Modification, the provisions of this Modification shall control.

     6. Representations. Mortgagor hereby renews, remakes and reaffirms the
representations and warranties contained in the Mortgage and Loan Documents.

     7. Counterparts. This Modification may be executed in any number of counterparts, all
of which taken together shall constitute one and the same instrument, and any party hereto may
execute this Modification by signing one or more counterparts.

     8. Binding. This Modification is binding upon, and inures to the benefit of, the
parties hereto and their respective successors and assigns.

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

	 	 	 	 	 
	 	 	LIME ENERGY CO.,

a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jeffrey Mistarz
	 

	 	 	 	 
	 	 	Name: Jeffrey Mistarz
	 	 	Its: Chief Financial Officer

	 	 	 	 	 
	STATE OF ILLINOIS

	)	 	 	 
	 

	) SS.	 
	COUNTY OF COOK

	)	 	 	 

     On this day, before me, the undersigned, a Notary Public in and for the county and state
aforesaid, that Jeffrey Mistarz, Chief Financial Officer of LIME ENERGY CO., a Delaware
corporation, personally appeared before me and personally known to me the person who executed this
Mortgage and acknowledged to me that the execution thereof was his free and voluntary act and deed
and as the free and voluntary act of the company for the uses and purposes therein mentioned.

     Given under my hand and official seal this 17th day of December, 2007.

	 	 	 
	(SEAL)

	 	/s/ Tammy Hogue
	 

	 	 
	 

	 	Notary Public
	 
	 	 
	 

	 	My commission expires:
August 6, 2008

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EXHIBIT A

Legal Description

LOT 9 IN GULLO INTERNATIONAL CONTEMPORARY PARK, BEING A RESUBDIVISION OF LOT 230 IN HIGGINS
INDUSTRIAL PARK UNIT 165, BEING A SUBDIVISION IN THE SE 1/4 OF SECTION 27, TOWNSHIP 41 NORTH, RANGE
11, EAST OF THE THIRD PRINCIPAL MERIDIAN (EXCEPTING THEREFROM THE NORTH 220.00 FEET OF THE EAST
420.00 FEET) IN COOK COUNTY, ILLINOIS.

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