Document:

Exhibit 10.4

 

VOTING AGREEMENT

 

VOTING AGREEMENT, dated
as of April 1, 2016 (this "Agreement"), by and among Real Goods Solar, Inc., a Colorado corporation (the
"Company"), and the shareholder listed on the signature page hereto under the heading
"Shareholder" (the "Shareholder").

 

WHEREAS, the Company and
certain investors (each, an "Investor", and collectively, the "Investors") have entered into
a Securities Purchase Agreement, dated as March 31, 2016 (the "Securities Purchase Agreement"), pursuant to which,
among other things, the Company has agreed to issue and sell to the Investors and the Investors have agreed to purchase, (i) senior
secured convertible notes of the Company pursuant to which shares of Class A common stock, par value $0.0001 per share, of the
Company (the "Common Stock") may be issued and (ii) warrants which will be exercisable to purchase shares of Common
Stock;

 

WHEREAS, as of the date
hereof, the Shareholder owns collectively  1,679,686 shares of Common Stock, which represent in the aggregate approximately
13.37% of the total issued and outstanding capital stock of the Company; and

 

WHEREAS, as a condition to
the willingness of the Investors to enter into the Securities Purchase Agreement and to consummate the transactions contemplated
thereby (collectively, the "Transaction"), the Investors have required that the Shareholder agrees, and in order
to induce the Investors to enter into the Securities Purchase Agreement, the Shareholder has agreed, to enter into this Agreement
with respect to all the Common Stock now owned and which may hereafter be acquired by the Shareholder and any other securities,
if any, which the Shareholder is currently entitled to vote, or after the date hererof, becomes entitled to vote, at any meeting
of shareholders of the Company (the "Other Securities").

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual covenants and agreements contained herein, and intending to be legally bound hereby, the parties
hereto hereby agree as follows:

 

Article
I

 

VOTING AGREEMENT OF THE
SHAREHOLDER

 

SECTION 1.01.       Voting
Agreement. Subject to the last sentence of this Section 1.01, the Shareholder hereby agrees that at any meeting of the shareholders
of the Company, however called, and in any action by written consent of the Company's shareholders, the Shareholder shall vote
the Common Stock and the Other Securities: (a) in favor of the Shareholder Approval (as defined in the Securities Purchase Agreement)
as described in Section 4(p) of the Securities Purchase Agreement; and (b) against any proposal or any other corporate action or
agreement that would result in a breach of any covenant, representation or warranty or any other obligation or agreement of the
Company under the Securities Purchase Agreement or which could result in any of the conditions to the Company's obligations under
the Securities Purchase Agreement not being fulfilled. The Shareholder acknowledges receipt and review of a copy of the Securities
Purchase Agreement and the other Transaction Documents (as defined in the Securities Purchase Agreement). The obligations of the
Shareholder under this Section 1.01 shall terminate immediately following the occurrence of the Shareholder Approval.

 

    	 	 	 

     

    

 

Article
II

 

REPRESENTATIONS AND WARRANTIES
OF THE SHAREHOLDER

 

The Shareholder hereby represents
and warrants, severally but not jointly, to each of the Investors as follows:

 

SECTION 2.01.       Authority
Relative to This Agreement. The Shareholder has all necessary legal capacity, power and authority to execute and deliver this
Agreement, to perform his or its obligations hereunder and to consummate the transactions contemplated hereby. This Agreement has
been duly executed and delivered by the Shareholder and constitutes a legal, valid and binding obligation of the Shareholder, enforceable
against the Shareholder in accordance with its terms, except (a) as such enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, fraudulent conveyance, moratorium or similar laws now or hereafter in effect relating to, or affecting
generally the enforcement of creditors' and other obligees' rights, (b) where the remedy of specific performance or other forms
of equitable relief may be subject to certain equitable defenses and principles and to the discretion of the court before which
the proceeding may be brought, and (c) where rights to indemnity and contribution thereunder may be limited by applicable law and
public policy.

 

SECTION 2.02.       No
Conflict. (a) The execution and delivery of this Agreement by the Shareholder does not, and the performance of this Agreement
by the Shareholder shall not, (i) conflict with or violate any federal, state or local law, statute, ordinance, rule, regulation,
order, judgment or decree applicable to the Shareholder or by which the Common Stock or the Other Securities owned by the Shareholder
are bound or affected or (ii) result in any breach of or constitute a default (or an event that with notice or lapse of time or
both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, or
result in the creation of a lien or encumbrance on any of the Common Stock or the Other Securities owned by the Shareholder pursuant
to, any note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise or other instrument or obligation
to which the Shareholder is a party or by which the Shareholder or the Common Stock or Other Securities owned by the Shareholder
are bound.

 

(b)          The
execution and delivery of this Agreement by the Shareholder does not, and the performance of this Agreement by the Shareholder
shall not, require any consent, approval, authorization or permit of, or filing with or notification to, any governmental entity
by the Shareholder.

 

SECTION 2.03.       Title
to the Stock. As of the date hereof, the Shareholder is the owner of the number of shares of Common Stock set forth opposite
its name on Appendix A attached hereto, entitled to vote, without restriction, on all matters brought before holders of
capital stock of the Company, which Common Stock represent on the date hereof the percentage of the outstanding stock and voting
power of the Company set forth on such Appendix. Such Common Stock are all the securities of the Company owned, either of record
or beneficially, by the Shareholder. Such Common Stock are owned free and clear of all security interests, liens, claims, pledges,
options, rights of first refusal, agreements, limitations on the Shareholder's voting rights, charges and other encumbrances of
any nature whatsoever. The Shareholder has not appointed or granted any proxy, which appointment or grant is still effective, with
respect to the Common Stock or Other Securities owned by the shareholder.

 

    	 	2	 

     

    

 

Article
III

 

COVENANTS

 

SECTION 3.01.       No
Disposition or Encumbrance of Stock. The Shareholder hereby covenants and agrees that, until the Shareholder Approval has been
obtained, except as contemplated by this Agreement, the Shareholder shall not offer or agree to sell, transfer, tender, assign,
hypothecate or otherwise dispose of, grant a proxy or power of attorney with respect to, or create or permit to exist any security
interest, lien, claim, pledge, option, right of first refusal, agreement, limitation on the Shareholder's voting rights, charge
or other encumbrance of any nature whatsoever ("Encumbrance") with respect to the Common Stock or Other Securities,
directly or indirectly, initiate, solicit or encourage any person to take actions which could reasonably be expected to lead to
the occurrence of any of the foregoing; provided, however, that any the Shareholder may assign, sell or transfer
any Common Stock or Other Securities provided that any such recipient of the Common Stock or Other Securities has delivered to
the Company and each Investor a written agreement in a form reasonably satisfactory to the Investors that the recipient shall be
bound by, and the Common Stock and/or Other Securities so transferred, assigned or sold shall remain subject to this Agreement.

 

SECTION 3.02.       Company
Cooperation. The Company hereby covenants and agrees that it will not, and the Shareholder irrevocably and unconditionally
acknowledges and agrees that the Company will not (and waives any rights against the Company in relation thereto), recognize any
Encumbrance or agreement on any of the Common Stock or Other Securities subject to this Agreement unless the provisions of Section
3.01 have been complied with. The Company agrees to use its reasonable best efforts to ensure that at any time in which any Shareholder
Approval is required pursuant to Section 4(p) of the Securities Purchase Agreement, it will cause holders of Common Stock or Other
Securities representing the percentage of outstanding capital stock required to vote in favor of the Transaction in order for the
Company to comply with its obligations under Section 4(p) of the Securities Purchase Agreement to become party to and bound by
the terms and conditions of this Agreement and the Common Stock and Other Securities held by such holders to be subject to the
terms and conditions of this Agreement.

 

Article
IV

 

MISCELLANEOUS

 

SECTION 4.01.       Further
Assurances. The Shareholder will execute and deliver such further documents and instruments and take all further action as
may be reasonably necessary in order to consummate the transactions contemplated hereby.

 

SECTION 4.02.       Specific
Performance. The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement was
not performed in accordance with the terms hereof and that any Investor (without being joined by any other Investor) shall be entitled
to specific performance of the terms hereof, in addition to any other remedy at law or in equity. Any Investor shall be entitled
to its reasonable attorneys' fees in any action brought to enforce this Agreement in which it is the prevailing party.

 

    	 	3	 

     

    

 

SECTION 4.03.       Entire
Agreement.   This Agreement constitutes the entire agreement among the Company and the Shareholder with respect
to the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, between the Company
and the Shareholder with respect to the subject matter hereof.

 

SECTION 4.04.       Amendment.  The
provisions of this Agreement may not be amended or waived, nor may this Agreement be terminated by the Company other than pursuant
to the provisions of Section 4.07.

 

SECTION 4.05.       Severability.  If
any provision of this Agreement is prohibited by law or otherwise determined to be invalid or unenforceable by a court of competent
jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to apply to the
broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision shall not affect
the validity of the remaining provisions of this Agreement so long as this Agreement as so modified continues to express, without
material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or
unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations
of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. The parties will
endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s),
the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s).

 

SECTION 4.06.       Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed
by the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule
(whether of the State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions
other than the State of New York. The parties hereby agree that all actions or proceedings arising directly or indirectly from
or in connection with this Agreement shall be litigated only in the Supreme Court of the State of New York or the United States
District Court for the Southern District of New York located in New York County, New York. The parties consent to the jurisdiction
and venue of the foregoing courts and consent that any process or notice of motion or other application to any of said courts or
a judge thereof may be served inside or outside the State of New York or the Southern District of New York by registered mail,
return receipt requested, directed to the party being served at its address set forth on the signature ages to this Agreement (and
service so made shall be deemed complete three (3) days after the same has been posted as aforesaid) or by personal service
or in such other manner as may be permissible under the rules of said courts. Each of the Company and the Shareholder irrevocably
waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of the venue of
any such suit, action, or proceeding brought in such a court and any claim that suit, action, or proceeding has been brought in
an inconvenient forum. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR
THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED
HEREBY.

 

SECTION 4.07.       Termination.
This Agreement shall terminate immediately following the occurrence of the Shareholder Approval.

 

    	 	4	 

     

    

 

[Signature Page Follows]

 

    	 	5	 

     

    

 

IN WITNESS WHEREOF,
each of the Shareholder and the Company has duly executed this Agreement.

 

	 	 	THE COMPANY:
	 	 	 
	 	 	Real Goods Solar, Inc.
	 	 	 
	 	 	By:	/s/ Dennis Lacey
	 	 	 	Name:  Dennis Lacey
	 	 	 	Title:    Chief Executive Officer

 

	Dated: March 31, 2016	 	 
	 	 	Address:	
        Real Goods Solar, Inc.

        833 West South Boulder Road,

        Louisville, CO 80027

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF,
each of the Shareholder and the Company has duly executed this Agreement.

 

	 	 	SHAREHOLDER:
	 	 	Riverside Renewable Energy Investment LLC
	 	 	 
	 	 	/s/ David Belluck
	 	 	Name: David Belluck
	 	 	Title: Manager
	Dated:  April 1, 2016	 	 
	 	 	Address: c/o Riverside Postness, LLC
	 	 	Attention: David Belluck
	 	 	699 Boylston Street
	 	 	Boston, MA 02116

 

    	 	 	 

     

    

 

APPENDIX A

 

	Shareholder	 	Common Stock 
 Owned	 	 	Percentage of Stock
 Outstanding	 	 	Voting Percentage 
 of Stock
 Outstanding	 
	Riverside Renewable Energy Investment LLC	 	 	1,679,689	 	 	 	13.37	%	 	 	13.37	%EXHIBIT 10.56

 

TENTH LOAN MODIFICATION AND WAIVER AGREEMENT

 

This Tenth Loan Modification
and Waiver Agreement (this “Loan Modification Agreement”) is entered into as of November 6, 2015 (the “Tenth
Loan Modification Effective Date”), by and among (i) SILICON VALLEY BANK, a California corporation with a
loan production office located at 2400 Hanover Street, Palo Alto, California 94304 (“Bank”), and (ii) REAL
GOODS ENERGY TECH, INC., a Colorado corporation (“Real Goods Energy”), REAL GOODS TRADING CORPORATION,
a California corporation (“Real Goods Trading”), ALTERIS RENEWABLES, INC., a Delaware corporation (“Alteris”)
and REAL GOODS SYNDICATED, INC., a Delaware corporation (“Syndicated”), MERCURY ENERGY, INC.,
a Delaware corporation (“Mercury”), REAL GOODS SOLAR, INC. – MERCURY SOLAR, a New York corporation
(“Mercury Solar”), ELEMENTAL ENERGY, LLC, a Hawaii limited liability company (“Elemental”),
and SUNETRIC MANAGEMENT LLC, a Delaware limited liability company (“Sunetric”, and together with Real
Goods Energy, Real Goods Trading, Alteris, Syndicated, Mercury, Mercury Solar and Elemental, individually and collectively, jointly
and severally, the “Borrower”).

 

1.          DESCRIPTION
OF EXISTING INDEBTEDNESS AND OBLIGATIONS. Among other indebtedness and obligations which may be owing by Borrower to Bank,
Borrower is indebted to Bank pursuant to a loan arrangement dated as of December 19, 2011, evidenced by, among other documents,
a certain Loan and Security Agreement, dated as of December 19, 2011, as amended by a certain First Loan Modification Agreement,
dated as of August 28, 2012, as further amended by a certain Second Loan Modification and Reinstatement Agreement, dated as of
November 13, 2012 as further amended by a certain Third Loan Modification Agreement, dated as of March 27, 2013, as further amended
by a certain Joinder and Fourth Loan Modification Agreement, dated as of September 26, 2013, as further amended by a certain Fifth
Loan Modification Agreement, dated as of November 5, 2013, as further amended by a certain Joinder and Sixth Loan Modification
Agreement, dated as of June 6, 2014, as further amended by a certain Seventh Loan Modification and Waiver Agreement, dated as of
November 19, 2014, as further amended by a certain Eighth Loan Modification Agreement, dated as of January 30, 2015 and as further
amended by a certain Ninth Loan Modification Agreement, dated as of March 16, 2015 (as amended, the “Loan Agreement”).
Capitalized terms used but not otherwise defined herein shall have the same meaning as in the Loan Agreement.

 

2.          DESCRIPTION
OF COLLATERAL. Repayment of the Obligations is secured by (i) the Collateral as described in the Loan Agreement, (ii) that
certain Security Agreement, dated as of December 19, 2011, between the Secured Guarantor and Bank (as amended, the “Security
Agreement”), and (ii) the “Intellectual Property Collateral”, as such term is defined in each certain
IP Agreement (together with any other collateral security granted to Bank, the “Security Documents”).

 

Hereinafter, the Loan Agreement, together with
all other documents executed in connection therewith evidencing, securing or otherwise relating to the Obligations shall be referred
to as the “Existing Loan Documents”.

 

3.          DESCRIPTION
OF CHANGE IN TERMS.

 

A.           Modifications
to Loan Agreement.

 

		1.	The Loan Agreement shall be amended by deleting the following
text appearing as Section 6.9(a) thereof:

 

“(a)          EBITDA.
Achieve EBITDA (loss no worse than), measured quarterly, on a trailing three month basis, on a consolidated basis with respect
to Borrower, of the following amounts for each period ending as of the date indicated below:

 

	Quarterly Period Ending (measured
 on a trailing three month basis)	 	Minimum EBITDA
 (loss no worse than)	 
	 	 	 	 
	March 31, 2015	 	$	(7,500,000	)
	June 30, 2015	 	$	(3,000,000	)
	September 30, 2015	 	$	(2,000,000	)
	December 31, 2015	 	$	(1,500,000	)
	March 31, 2016	 	$	(2,100,000	)

 

     

     

    

 

; provided, that nothing
in the foregoing financial covenant shall be deemed to be an extension of the Revolving Line Maturity Date.”

 

and inserting in lieu thereof the
following:

 

“(a)          Liquidity.
Commencing November 30, 2015 and thereafter, maintain at all times, certified monthly by Borrower, the sum of (i) unrestricted
cash at Bank plus (ii) the unused Availability Amount in an amount equal to or greater than Two Million Five Hundred
Thousand Dollars ($2,500,000).”

 

		2.	The Loan Agreement shall be amended by deleting the following
text appearing in Section 10:

 

	 	“If to Bank:	Silicon Valley Bank
	 	 	4301 Hacienda Drive, Suite 210
	 	 	Pleasanton, CA 94588
	 	 	Attn: Mr. Ben Fargo 
	 	 	Fax:  (925) 227-1365
	 	 	Email: bfargo@svb.com”

 

and inserting in lieu thereof the
following:

 

	 	“If to Bank:	Silicon Valley Bank
	 	 	555 Mission Street, Suite 900
	 	 	San Francisco, CA 94105
	 	 	Attn: Mr. Trefor Bacon 
	 	 	Fax:  (415) 764-3192
	 	 	Email: tbacon@svb.com”

 

		3.	The Loan Agreement shall be amended by inserting the following
new definition in Section 13.1 thereof, in its applicable alphabetical order:

 

“Tenth Loan Modification
Effective Date” is November 6, 2015.

 

		4.	The Loan Agreement shall be amended by deleting the following
definition appearing in Section 13.1 thereof:

 

“EBITDA” shall
mean, with respect to Borrower, on a consolidated basis, for any period of measurement, in each case determined in accordance with
GAAP: (a) Net Income (excluding any gain or loss with respect to a change in the valuation of derivative warrant liability);
plus (b) the following, in each case to the extent deducted from the calculation of Net Income: (i) Interest Expense;
(ii) income tax expense; (iii) depreciation expense and amortization expense; and (iv) non-cash stock compensation
expense.

 

		5.	The Compliance Certificate attached as Exhibit B
to the Loan Agreement is hereby deleted in its entirety and is replaced with Exhibit A attached hereto.

 

4.          ACKNOWLEDGEMENT
OF DEFAULTS; WAIVER. Borrower acknowledges that it is currently in default under the Loan Agreement by its failure to comply
with the minimum EBITDA financial covenant contained in Section 6.9(a) of the Loan Agreement for the compliance period ended
September 30, 2015 (the “Existing Default”). Bank hereby waives Borrower’s Existing Default for the compliance
period indicated above. Bank’s waiver of Borrower’s compliance with said Existing Default shall apply only to the foregoing
specific compliance period. The Borrower hereby acknowledges and agrees that except as specifically provided in this Section, nothing
in this Section or anywhere in this Loan Modification Agreement shall be deemed or otherwise construed as a waiver by the Bank
of any of its rights and remedies pursuant to the Existing Loan Documents, applicable law or otherwise.

 

    2 

     

    

 

5.          CONDITIONS
PRECEDENT. Borrower hereby agrees that the following documents shall be delivered to the Bank prior to or concurrently with
the execution of this Loan Modification Agreement, each in form and substance satisfactory to the Bank (collectively, the “Conditions
Precedent”):

 

		A.	copies, certified by a duly authorized officer of Borrower,
to be true and complete as of the date hereof, of each of (i) the governing documents of Borrower as in effect on the date
hereof (but only to the extent modified since last delivered to the Bank), (ii) the resolutions of Borrower authorizing the
execution and delivery of this Loan Modification Agreement, the other documents executed in connection herewith and Borrower’s
performance of all of the transactions contemplated hereby (but only to the extent required since last delivered to Bank), and
(iii) an incumbency certificate giving the name and bearing a specimen signature of each individual who shall be so authorized
on behalf of Borrower (but only to the extent any signatories have changed since such incumbency certificate was last delivered
to Bank);

 

		B.	and executed copy of the Tenth Loan Modification and Waiver
Agreement; and

 

		C.	such other documents as Bank may reasonably request.

 

6.          FEES.
Borrower shall pay to Bank a non-refundable success fee equal to Seventy Five Thousand Dollars ($75,000), which fee shall be fully
earned as of the date hereof and shall be payable on or before the earlier to occur of (i) receipt by Borrower of net proceeds
from the issuance of additional equity securities of Borrower; and (ii) December 31, 2015. Borrower shall also reimburse Bank
for all legal fees and expenses incurred in connection with the Existing Loan Documents and this Loan Modification Agreement.

 

7.          ADDITIONAL
COVENANTS: RATIFICATION OF PERFECTION CERTIFICATE. Borrower hereby certifies that, other than as disclosed in the Perfection
Certificate, no Collateral with a value greater than Ten Thousand Dollars ($10,000) in the aggregate is in the possession of any
third party bailee (such as at a warehouse). In the event that Borrower, after the date hereof, intends to store or otherwise deliver
the Collateral with a value in excess of Ten Thousand Dollars ($10,000) in the aggregate to such a bailee, then Borrower shall
first receive, the prior written consent of Bank and such bailee must acknowledge in writing that the bailee is holding such Collateral
for the benefit of Bank. Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and disclosures contained
in certain Perfection Certificates previously delivered to the Bank (in each case as supplemented through the Seventh Loan Modification
Effective Date), and acknowledges, confirms and agrees the disclosures and information above Borrower provided to Bank in such
Perfection Certificates, as supplemented, remain true and correct in all material respects as of the date hereof.

 

8.          CONSISTENT
CHANGES. The Existing Loan Documents are hereby amended wherever necessary to reflect the changes described above.

 

9.          RATIFICATION
OF LOAN DOCUMENTS. Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of the Loan Agreement and each
other Loan Document (including, without limitation, each Borrower’s and each Guarantor’s Operating Documents previously
delivered to Bank (unless re-delivered to Bank in connection with this Loan Modification Agreement)), and of all security or other
collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations.

 

10.         NO
DEFENSES OF BORROWER. Borrower hereby acknowledges and agrees that Borrower has no offsets, defenses, claims, or counterclaims
against Bank with respect to the Obligations, or otherwise, and that if Borrower now has, or ever did have, any offsets, defenses,
claims, or counterclaims against Bank, whether known or unknown, at law or in equity, all of them are hereby expressly WAIVED and
Borrower hereby RELEASES Bank from any liability thereunder.

 

11.         CONTINUING
VALIDITY. Borrower understands and agrees that in modifying the existing Obligations, Bank is relying upon Borrower’s
representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant
to this Loan Modification Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Bank’s
agreement to modify the Existing Loan Documents pursuant to this Loan Modification Agreement in no way shall obligate Bank to make
any future modifications to the Obligations. Nothing in this Loan Modification Agreement shall constitute a satisfaction of the
Obligations. It is the intention of Bank and Borrower to retain as liable parties all makers of Existing Loan Documents, unless
the party is expressly released by Bank in writing. No maker will be released by virtue of this Loan Modification Agreement.

 

    3 

     

    

 

12.         JURISDICTION/VENUE.
Section 11 of the Loan Agreement is hereby incorporated by reference.

 

13.         COUNTERSIGNATURE.
This Loan Modification Agreement shall become effective only when it shall have been executed by Borrower and Bank.

 

[Signature page follows.]

 

    4 

     

    

 

This Loan Modification
Agreement is executed as of the date first written above.

 

	REAL GOODS ENERGY TECH, INC.	 	REAL GOODS SYNDICATED, INC.
	 	 	 	 	 
	By:	/s/ Dennis Lacey	 	By:	/s/ Dennis Lacey
	Name: Dennis Lacey	 	Name: Dennis Lacey
	Title: Chief Executive Officer	 	Title: Chief Executive Officer 
	 	 	 	 	 
	REAL GOODS ENERGY TRADING CORPORATION	 	ALTERIS RENEWABLES, INC.
	 	 	 	 	 
	By:	/s/ Dennis Lacey	 	By:	/s/ Dennis Lacey
	Name: Dennis Lacey	 	Name: Dennis Lacey
	Title: Chief Executive Officer	 	Title: Chief Executive Officer
	 	 	 	 	 
	MERCURY ENERGY, INC.	 	ELEMENTAL ENERGY, LLC
	 	 	 	 	 
	By:	/s/ Dennis Lacey	 	By:	/s/ Dennis Lacey
	Name: Dennis Lacey	 	Name: Dennis Lacey
	Title: Chief Executive Officer 	 	Title: Chief Executive Officer 
	 	 	 	 	 
	REAL GOODS SOLAR, INC. - MERCURY SOLAR 	 	SUNETRIC MANAGEMENT LLC
	 	 	 	 	 
	By:	/s/ Dennis Lacey	 	By:	/s/ Dennis Lacey
	Name: Dennis Lacey	 	Name: Dennis Lacey
	Title: Chief Executive Officer	 	Title: Chief Executive Officer

 

	BANK:	 
	 	 
	SILICON VALLEY BANK	 
	 	 
	By:	/s/ Trefor Bacon	 
	Name:  Trefor Bacon	 
	Title:  Vice President	 

 

Acknowledgment and Agreement:

 

The undersigned ratifies, confirms and reaffirms,
all and singular, the terms and conditions of a certain Second Amended and Restated Unconditional Guaranty and a certain Second
Amended and Restated Security Agreement, each dated as of June 6, 2014, and each document executed in connection therewith, and
acknowledges, confirms and agrees that the Second Amended and Restated Unconditional Guaranty, Second Amended and Restated Security
Agreement and each document executed in connection therewith shall remain in full force and effect and shall in no way be limited
by the execution of this Loan Modification Agreement, or any other documents, instruments and/or agreements executed and/or delivered
in connection herewith.

 

	REAL GOODS SOLAR, INC.	 
	 	 
	By:	/s/ Dennis Lacey	 
	Name:  Dennis Lacey	 
	Title:  Chief Executive Officer	 

 

    5 

     

    

 

EXHIBIT B

 

COMPLIANCE CERTIFICATE

 

	TO:	SILICON VALLEY BANK	Date: 	 
	FROM:	REAL GOODS ENERGY TECH, INC. ET. AL.	 	 

 

The undersigned authorized officer of REAL
GOODS ENERGY TECH, INC., et al. (the “Borrower”) certifies that under the terms and conditions of
the Loan and Security Agreement between Borrower and Bank (as amended, the “Agreement”), (1) Borrower is
in complete compliance for the period ending _______________ with all required covenants except as noted below, (2) there
are no Events of Default, (3) all representations and warranties in the Agreement are true and correct in all material respects
on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to
any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided,
further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete
in all material respects as of such date, (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns
and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions
owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement, and (5) no Liens have
been levied or claims made against Borrower or any of its Subsidiaries, if any, relating to unpaid employee payroll or benefits
of which Borrower has not previously provided written notification to Bank. Attached are the required documents supporting the
certification. The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to
the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested
at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance
is determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall
have the meanings given them in the Agreement.

 

Please indicate compliance status by circling Yes/No under “Complies”
column.

 

	Reporting Covenant	 	Required	 	Complies
	 	 	 	 	 
	Monthly financial statements with Compliance Certificate	 	Monthly within 30 days	 	Yes  No
	10-Q, 10-K and 8-K	 	Within 5 days after filing with SEC	 	Yes  No
	Annual Audited Financial Statements	 	FYE within 120 days	 	 
	A/R & A/P Agings	 	Monthly within 20 days	 	Yes  No
	Transaction Reports	 	
        Weekly and with each request for a Credit Extension (Monthly
within 20 days during a Streamline Period)
	 	Yes  No
	Projections	 	
        Within 20 days of board approval (no later than 60 days
after FYE)
	 	Yes  No
	
        Daily/Weekly Cash Flow Projections 
	 	on the fifteenth (15th) and the last Business Day of each month	 	Yes  No
	
        Deferred Revenue Report, Schedule of Assets with respect
to 3rd party construction and financing arrangements (including performance bonds and bank statements For non-SVB bank
accounts)
	 	Monthly within 30 days	 	Yes  No
	Electronic viewing access to Wells Fargo Account	 	Ongoing	 	Yes  No

 

The following Intellectual Property was registered after the Effective
Date (if no registrations, state “None”)

 

 

 

    6 

     

    

 

	Financial Covenant	 	Required	 	 	Actual	 	 	Complies/Streamline
	 	 	 	 	 	 	 	 	 
	Maintain at all times (unless otherwise indicated), measured as indicated below:	 	 	 	 	 	 	 	 	 	 
	Liquidity (From and after 11/30/2015, at all times)	 	$	2,500,000	 	 	$		 	 	Yes  No
	Liquidity Ratio (measured monthly)	 	 	1.25:1.00	 	 	 	:1.00	 	 	Yes  No

 

The following financial
covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

 

The following are the exceptions
with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”)

 

 

 

 

 

 

 

	REAL GOODS ENERGY TECH, INC., et al. 	 	BANK USE ONLY
	 	 	 
	 	 	 	Received by:
    _________________________
	By:	 	 	authorized signer
	Name:	 	 	 
	Title:	 	 	Date: _______________________________
	 	 	 	 
	 	 	 	Verified: ____________________________
	 	 	 	authorized signer
	 	 	 	 
	 	 	 	Date: ______________________________
	 	 	 	 
	 	 	 	Compliance Status:         Yes    No

 

    7 

     

    

 

Schedule 1 to Compliance Certificate

 

Financial Covenants of Borrower

 

In the event of a conflict
between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern.

 

Dated:      ____________________

 

I.           Liquidity.
(Section 6.9(a)).

 

Required: Commencing November 30, 2015 and
thereafter, maintain at all times, certified monthly by Borrower, the sum of (i) unrestricted cash at Bank plus (ii) the
unused Availability Amount in an amount equal to or greater than Two Million Five Hundred Thousand Dollars ($2,500,000).

 

Actual:

 

	A.	 	Unrestricted cash at Bank	 	$	 	 
	 	 	 	 	 	 	 
	B.	 	Unused Availability Amount	 	$	 	 
	 	 	 	 	 	 	 
	C.	 	LIQUIDITY (line A plus line B)	 	$	 	 

 

Is line C equal to or greater than $2,500,000?

 

	_______  No, not in compliance	 	_______  Yes, in compliance

 

    8 

     

    

 

II.          Liquidity
Ratio (Section 6.9(b))

 

Required:              Maintain (A) the sum of (i) unrestricted
cash at Bank plus (ii) Borrower’s net billed accounts receivable divided by (B) the sum of
(i) the total outstanding Obligations of Borrower owed to Bank plus (ii) the total outstanding Subordinated Debt
of Borrower, expressed as a ratio, of at least 1.25:1.00.

 

Actual:

 

	A.	 	Unrestricted cash at Bank	 	$		 
	 	 	 	 	 	 	 
	B.	 	Net billed accounts receivable	 	$		 
	 	 	 	 	 	 	 
	C.	 	Total Outstanding Obligations of Borrower owed to Bank	 	$		 
	 	 	 	 	 	 	 
	D.	 	Total outstanding Subordinated Debt	 	$		 
	 	 	 	 	 	 	 
	E.	 	Liquidity Ratio ( (i) the sum of line A plus line B divided by (ii) the sum of line C plus line D, expressed as a ratio)	 	 	_______:1.00	 

 

Is line E equal to or greater than 1.25:1:00?

 

	_______  No, not in compliance	 	_______  Yes, in compliance

 

    9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}]]