Document:

EX-10.27

 Exhibit 10.27 

Real Goods Solar, Inc. has entered into the attached Form of Transition Consulting Agreement, dated August 8, 2013, with the officers and directors of
Mercury Energy, Inc. listed below on identical terms. 
  

	
	 Mercury Officer or Director

	Jared Haines
	Anthony Coschigano
	Andrew Zaref

 TRANSITION CONSULTING AGREEMENT 

TRANSITION CONSULTING AGREEMENT (this “Agreement”) dated as of August 8, 2013 between Real Goods Solar, Inc., a Colorado corporation
(the “Company”), and [•], an individual (“Consultant”). 
 WHEREAS, Consultant is currently an
employee of Mercury Energy, Inc., a Delaware corporation (“Mercury”), and the Company is seeking to acquire Mercury pursuant to the terms of an Agreement and Plan of Merger dated as of the date hereof (the “Merger
Agreement”); 
 WHEREAS, the Company has requested, and Consultant has agreed to provide, certain transition services to the
Company between the date hereof and the closing of the transactions contemplated by the Merger Agreement (the “Closing”) and in connection therewith, Consultant and the Company wish to enter into this Agreement. 

NOW, THEREFORE, in consideration of the mutual undertakings contained herein, the parties agree as follows: 

ARTICLE 1. ENGAGEMENT OF CONSULTANT 

1.1 Engagement. From and after the date hereof (the “Effective Date”), the Company hereby engages Consultant to, and
Consultant hereby agrees to, render at the request of the Company, independent advisory and consulting services (the “Services”) relating to the Closing and general transition matters, requested by the Company. Consultant further
agrees to render the Services conscientiously and to devote Consultant’s reasonable efforts and abilities thereto, at such time during the term hereof and in such reasonable manner as the Company and Consultant shall mutually agree, it being
acknowledged that Consultant’s services shall be on a non-exclusive, as-needed basis. 
 1.2 Compensation. In consideration for
the Services to be provided hereunder, on the Effective Date, the Company will grant Consultant an option to purchase 100,000 shares of the Company’s class A common stock, subject to the terms of the Company’s 2008 Long Term Incentive
Plan, as amended (the “Plan”) and the vesting schedule set forth in the Stock Option Agreement attached hereto as Exhibit A (the “Stock Option”); provided, however, upon a Change of Control (as defined
below), 50% of the Stock Option that is unvested at the time of the Change in Control will immediately vest in full. The remaining unvested portion of the Stock Option will continue to vest in accordance the applicable award documents relating to
the Stock Option. “Change of Control” for purposes of the accelerated vesting of the Stock Option shall mean a new or an existing shareholder currently owning less than 10% of shares of the Company becoming a majority shareholder.
The exercise price of such stock options shall be equal to the market closing price of the Company’s class A common stock on the date the Stock Option is granted to Consultant. 

1.3 Term. The term (the “Term”) of this Agreement shall commence effective as of the Effective Date and expire on the
date of the Closing; provided, however, that the Company may terminate this Agreement upon written notice to Consultant for any reason, including, without limitation, the termination of discussion between the Company and Mercury with respect to the
Merger Agreement. 

  
 2 

 1.4 Independent Contractor. It is expressly agreed that Consultant is an independent
contractor and not an employee, agent, joint venturer or partner of the Company with respect to the performance of the Services. All of Consultant’s activities will be at his own risk and liability, and Consultant shall not be entitled to
worker’s compensation or other insurance protection or benefits from the Company. Consultant shall have no right or authority to assume or create any obligations of any kind or to make representations or warranties on behalf of the Company,
whether express or implied, or to bind Company in any respect whatsoever. The Company shall not pay any contribution to social security, unemployment insurance, federal or state withholding taxes, nor provide any other contributions or benefits
which might be expected in an employer-employee relationship. 
 1.5 Confidentiality. Consultant acknowledges that, in and as a
result of his relationship with the Company, Consultant will be making use of, acquiring or adding to confidential information of a special and unique nature and value, including, without limitation, the Company, its Affiliates’ identities,
trade secrets, systems, programs, procedures, confidential reports and communications (including, without limitation, technical information on the performance of the Company and its Affiliates’ business), as well as the information,
observations and data obtained by Consultant while providing the Services for the Company and its Affiliates concerning the business or affairs of the Company and its Affiliates (collectively, “Confidential Information”). Consultant
further acknowledges that any information and materials received by Consultant relating to Consultant’s engagement hereunder from third parties in confidence shall be deemed to be and shall be Confidential Information within the meaning of this
Section 1.5. Consultant further acknowledges that all Confidential Information is the property of the Company and its Affiliates. As partial consideration for the Company’s agreement to enter into this Agreement, Consultant covenants and
agrees that Consultant shall not, except with the prior written consent of the Company, or as required by law or as necessary to enforce this Agreement, at any time during or following the Term of this Agreement, directly or indirectly, use,
divulge, reveal, report, publish, transfer or disclose, for any purposes whatsoever, any of the financial terms of this Agreement or such Confidential Information which has been obtained by or disclosed to Consultant as a result of Consultant’s
affiliation with the Company and its Affiliates. Notwithstanding the foregoing, “Confidential Information” shall not include any information that: (i) is or becomes generally available to and known by the public (other than as a
result of an unpermitted disclosure directly or indirectly by Consultant or his Affiliates, advisors or representatives), (ii) is or becomes available to Consultant on a nonconfidential basis from a source other than the Company or its
Affiliates, advisors or representatives, provided that such source is not and was not bound by confidentiality agreement with or other obligation of secrecy to the Company of which Consultant has knowledge; (iii) has already been or is
hereafter independently acquired or developed by Consultant without violating any confidentiality agreement with or other obligation of secrecy to the Company. 

For purposes hereof, “Affiliate” shall mean with respect to any individual, partnership, joint venture, corporation, limited
liability company, trust, unincorporated association or other entity (each, a “Person”): (i) any other Person that directly or indirectly through one or more intermediaries controls or is controlled by or is under common
control with such Person, (ii) any other Person owning or controlling 10% or more of the outstanding voting securities of or other ownership interests in such Person, (iii) any officer, director, member or partner of such Person,
(iv) if such Person is an officer, director, member or partner, any other Person for which such Person acts in any such capacity, or (v) any company in which the Company has and maintains an investment through itself or any other
Affiliate. 

  
 3 

 1.6 Non-Exclusive Relationship. During the Term of this Agreement, the parties
specifically acknowledge and agree that Consultant shall remain an employee of Mercury, and shall only be required to devote such efforts to the Company as Consultant reasonably deems necessary to render the Services. 

ARTICLE 2. GENERAL PROVISIONS 

2.1 Enforcement. Because Consultant’s services are unique and because Consultant has access to Confidential Information, the
parties hereto agree that money damages would be an inadequate remedy for any breach of Section 1.5 of this Agreement. In the event of a breach or threatened breach of Section 1.5 of this Agreement, the Company, its Affiliates and their
respective successors or assigns may, in addition to other rights and remedies existing in their favor, apply to any court of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce, or prevent any
violation of, Section 1.5 of this Agreement (without posting a bond or other security). 
 2.2 Survival. Section 1.5 shall
survive and continue in full force and effect in accordance with its terms notwithstanding any termination of the Term. 
 2.3
Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in
any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or any other jurisdiction but this Agreement will be reformed, construed and enforced in such
jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
 2.4 Code Section 409A;
Taxation. The compensation provided under this Agreement is intended to be exempt from the requirements of the statutory provisions of Section 409A of the Internal Revenue Code of 1986, as amended, and any Treasury Regulations and other
interpretive guidance issued thereunder (collectively, “Section 409A”), and this Agreement shall be construed and interpreted in accordance with such intent. Consultant understand and agrees that Consultant is solely responsible for
any and all taxes due as a result of any compensation provided hereunder and no provision of this Agreement shall be interpreted or construed to transfer any liability for failure to comply with the requirements of Section 409A from Consultant
or any other individual to the Company or its Affiliates. In the event the Company determines that any compensation payable hereunder may be subject to the requirements of Section 409A, the Company (without any obligation to do so or obligation
to indemnify Consultant for any failure to do so) may adopt, without Consultant’s consent, such amendments to this Agreement or take any other actions that the Company in its sole discretion determines are necessary or appropriate for such
compensation to either (a) be exempt from the requirements of Section 409A or (b) comply with the requirements of Section 409A. 

2.5 Entire Agreement. This Agreement and those documents expressly referred to herein embody the complete agreement and understanding
among the parties and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. 

  
 4 

 2.6 Nonassignability. This Agreement and all rights, liabilities and obligations hereunder
shall be binding upon and inure to the benefit of each party’s successors, but Consultant shall not assign, transfer, or subcontract this Agreement or any of its obligations hereunder without express, prior written consent of the Company, which
consent may be given or withheld in the Company’s sole discretion. 
 2.7 Amendments and Waivers. Any provision of this
Agreement may be amended or waived only with the prior written consent of the Company and Consultant. 
 2.8 Governing Law; Venue.
This Agreement shall be governed by and construed in accordance with the domestic laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule that would cause the application of the laws of any
jurisdiction other than the State of New York. 
 2.9 Counterparts. This Agreement may be executed by the parties hereto in
separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. 

3.0 Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement or of any term or provision hereof. 
 [Remainder of Page Intentionally Left Blank] 

  
 5 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date set forth above. 

 

			
	REAL GOODS SOLAR, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	  

	[•]

  

			
	Acknowledged and Agreed:
	
	MERCURY ENERGY, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 6 

 Exhibit A 

Stock Option Agreement 

  
 7 

 REAL GOODS SOLAR, INC. 

EMPLOYEE STOCK OPTION AGREEMENT 

This Stock Option Agreement set forth below (this “Agreement”) is dated as of the date of grant set forth below and is
between Real Goods Solar, Inc., a Colorado corporation (“Real Goods”), and the individual named below (the “Grantee”). 

Real Goods has established its 2008 Long-Term Incentive Plan (the “Plan”) to advance the interests of Real Goods and its
shareholders by providing incentives to certain eligible persons who contribute significantly to the strategic and long-term performance objectives and growth of Real Goods and any parent or subsidiary of Real Goods. 

This Agreement evidences an option grant as follows: 
  

			
	Granted to: [•]	  	
	Number of Shares: [•]	  	
	Effective Date of Grant: August 8, 2013	  	
	Expiration Date:	  	
	Exercise Price per Share: $2.08	  	
		
	Vesting Dates:	  	Two percent (2%) of the shares shall vest on each vesting date. The first vesting date shall be the day immediately following the Closing of the transactions contemplated by the Agreement and Plan of Merger by and between Real
Goods and Mercury Energy, Inc., and a vesting date shall occur on the 1st day of each month thereafter until             , when all shares shall be vested. Vesting shall cease if
Grantee’s services (either as a consultant or an employee) to Real Goods are terminated, provided that a change of status from a consultant to an employee (or vice versa) shall not be considered a termination affecting vesting so long as such
services are continuous.
		
		  	Notwithstanding the foregoing, upon a “change of control” (as defined in the next sentence), 50% of the shares that are unvested at the time of the change of control shall immediately vest in full. The remaining
unvested shares shall continue to vest in accordance with the preceding paragraph. “Change of control,” solely for purposes of the preceding sentence, shall mean a new or an existing shareholder of Real Goods currently owning less than 10%
of shares of Real Goods becoming a majority shareholder.
		
	Deadline for Acceptance:	  	If this Employee Stock Option Agreement is not signed by the Grantee and returned to the Stock Plan Administrator within 5 business days from date of delivery to the Grantee, then this Employee Stock Option Agreement and the
Option Shares shall be considered withdrawn.

  
 8 

 Pursuant to the provisions of the Plan, the Board of Directors of Real Goods (the “Board”) or a
Committee designated by the Board (the “Committee”) has full power and authority to direct the execution and delivery of this Agreement in the name and on behalf of Real Goods. The Board or the Committee authorized the execution and
delivery of this Agreement. All capitalized terms not otherwise defined in this Agreement have the same meaning given such capitalized terms in the Plan. 

The parties agree as follows: 

Section 1. Grant of Stock Option; Term. Subject and pursuant to all terms and conditions stated in this
Agreement and in the Plan, Real Goods hereby grants to Grantee an option (the “Option”) to purchase the number of shares (the “Option Shares”) of Real Goods’ Class A Common Stock, par value
$.0001 per share (the “Common Shares”), set forth above, at the exercise price set forth above. Except as otherwise provided in this Agreement or the Plan, the Option may not be exercised after the close of business on the
expiration date set forth above. Grantee hereby accepts the Option on such terms and conditions, including, without limitation, the confidentiality and noncompete provisions set forth in Section 8 of this Agreement. The Option is a Nonqualified
Stock Option (as such term is defined in the Plan). Grantee shall, subject to the limitations of this Agreement and the Plan, have the right to exercise the Option by purchasing all or any part of the vested Option Shares then available for purchase
under the vesting schedule set forth above (less any Option Shares previously purchased upon exercise of this Option). 

Section 2. Procedures for Exercise. Grantee shall exercise all or any part of the Option by delivering to
Real Goods: (i) written notice of the number of vested Option Shares to be purchased, (ii) payment of the exercise price of such Option Shares in the form of cash or, if permitted by the Committee, qualified Common Shares, the surrender of
another outstanding Award under the Plan or any combination thereof, and (iii) payment of any required withholding pursuant to Section 10. The Option shall be deemed to have been exercised as of the close of business on the date the
required documents and required consideration are received by Real Goods. For purposes of this Section 2, Common Shares shall be deemed to be “qualified” Common Shares if they have been held by Grantee for six months or such other
period as set from time to time by the Board or the Committee. 
 Section 3. Termination of Employment, Retirement,
Disability or Death. 
 (a) Vesting shall cease on the date Grantee ceases to be employed by the Company. Following Grantee’s
last day of employment with the Company, this Option shall only be exercisable for the number of Option Shares that are vested as of Grantee’s last day of employment with by the Company (less any Option Shares previously acquired upon exercise
of this Option); provided that a change in status from a consultant to an employee shall not be considered a termination of employment for purposes hereof. 

(b) Except as provided in Section 3(c) or 3(d), following Grantee’s last day of employment with the Company, this Option may be
exercised at any time and from time to time within the lesser of (i) the 30 day period commencing on the first day after Grantee’s last day of employment with the Company or (ii) the remaining term of the Option. 

(c) If termination of employment occurs due to death or disability while Grantee is an employee of the Company, then this Option may be
exercised at any time and from time to time within the lesser of (i) the one year period commencing on the first day after Grantee’s last day of employment with the Company or (ii) the remaining term of the Option. 

(d) If termination of employment occurs due to retirement at or after normal retirement age, as prescribed from time to time by the
Company’s retirement policy, or retirement under circumstances approved by the Committee (either before or after retirement), then this Option may be exercised at any time within the lesser of (i) the three month period commencing on the
first day after Grantee’s last day of employment with the Company, or, if Grantee dies during the three month period commencing on the first day after Grantee’s last day of employment with the Company, then the one year period commencing
on the first day after Grantee’s last day of employment with the Company, or (ii) the remaining term of the Option. 

  
 9 

 Section 4. Issuance and Delivery of Option Shares. The stock
certificate(s) representing Option Shares shall be issued to Grantee subject to satisfaction of the applicable tax withholding requirements set forth in Section 10. The issuance of Option Shares shall be in accordance with the provisions of
Section 5. 
 Section 5. No Issuance of Option Shares if Violation. Real Goods shall not issue
stock certificate(s) representing Option Shares if the administrator of the Plan or its authorized agent determines, in its sole discretion, that the issuance of such certificate(s) would violate the terms of the Plan, this Agreement or applicable
law. 
 Section 6. Rights as an Employee or Shareholder. Except as otherwise provided in the Plan, no
person shall be, or have any of the rights or privileges of, a shareholder of Real Goods with respect to any of the Option Shares unless and until certificates representing such shares shall have been issued and delivered to such person. Neither the
Plan nor this Agreement shall be deemed to give Grantee any right with respect to continued employment with the Company, nor shall the Plan or the Agreement be deemed to limit in any way the Company’s right to terminate Grantee’s
employment at any time. 
 Section 7. Nondisparagement and Further Assistance. During
Grantee’s employment and thereafter, Grantee will not make any disclosure, issue any public statements or otherwise cause to be disclosed any information which is designed, intended or might reasonably be anticipated to discourage suppliers,
customers or employees of the Company or otherwise have a negative impact or adverse effect on the Company. Grantee will provide assistance reasonably requested by the Company in connection with actions taken by Grantee while employed by the
Company, including but not limited to assistance in connection with any lawsuits or other claims against the Company arising from events during the period in which Grantee was employed. 

Section 8. [Reserved].

Section 9. Securities Laws. Grantee acknowledges that applicable securities laws may restrict the right and
govern the manner in which Grantee may dispose of the Option Shares obtained upon exercise of the Option and Grantee agrees not to offer, sell or otherwise dispose of any such shares in a manner that would violate the Securities Act of 1933, as
amended, or any other federal or state law. 
 Section 10. Income Taxes. Grantee acknowledges that when
Grantee is required to recognize income for federal, state or local income tax purposes on account of the grant, vesting and/or exercise of the Option, pursuant to this Agreement, that such income shall be subject to withholding of tax by the
Company. Grantee agrees that the Company may either withhold an appropriate amount from any compensation or any other payment of any kind then payable or that may become payable to Grantee or, require Grantee to make a cash payment to the Company
equal to the amount of withholding required in the opinion of the Company. In the event Grantee does not make such payment when requested, the Company may refuse to issue or cause to be delivered any shares under this Agreement or any other
incentive plan agreement entered into by Grantee and the Company until such payment has been made or arrangements for such payment satisfactory to the Company have been made. Grantee agrees further to notify the Company promptly if Grantee files an
election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, with respect to any Option Shares. 

Section 11. Prohibition on Transfer or Assignment. Except as provided in the Plan, neither this Agreement
nor the Option may be transferred or assigned, other than an assignment by will or by laws of descent and distribution, and this Option shall be exercisable during the Grantee’s lifetime only by Grantee or by such permitted assignee. 

Section 12. Binding Effect; No Third Party Beneficiaries. This Agreement shall be binding upon and inure
to the benefit of the Company and Grantee and their respective heirs, representatives, successors and permitted assigns. This Agreement shall not confer any rights or remedies upon any person other than Real Goods and the Grantee and their
respective heirs, representatives, successors and permitted assigns. The parties agree that this Agreement shall survive the exercise or termination of the Option. 

  
 10 

 Section 13. Agreement to Abide by Plan; Conflict between Plan and
Agreement. The Plan is hereby incorporated by reference into this Agreement and made a part hereof as though fully set forth in this Agreement. Grantee, by execution of this Agreement, (i) represents that he is familiar with the
terms and provisions of the Plan and (ii) agrees to abide by all of the terms and conditions of this Agreement and the Plan. Grantee accepts as binding, conclusive and final all decisions or interpretations of the administrator of the Plan upon
any question arising under the Plan and this Agreement (including, without limitation, the cause of any termination of Grantee’s employment with the Company). In the event of any conflict between the Plan and this Agreement, the Plan shall
control and this Agreement shall be deemed to be modified accordingly. 
 Section 14. Entire
Agreement. This Agreement constitutes the entire agreement between the parties and supersedes any prior understandings, agreements, or representations by or between the parties, written or oral, to the extent they related in any way to
the subject matter hereof. Grantee agrees and acknowledges that this Agreement satisfies in full any obligations of the Company and its subsidiaries and predecessors in connection with the grant of any stock options or other equity incentives. 

Section 15. Choice of Law. To the extent not superseded by federal law, the laws of the State of Colorado
shall control in all matters relating to this Agreement and any action relating to this Agreement must be brought in Denver, Colorado. 

Section 16. Notice. All notices, requests, demands, claims, and other communications under this Agreement
shall be in writing. Any notice, request, demand, claim, or other communication under this Agreement shall be deemed duly given if (and then two business days after) it is sent by registered or certified mail, return receipt requested, postage
prepaid, and addressed to the intended recipient at the address set forth below the recipient’s signature to this Agreement. Either party to this Agreement may send any notice, request, demand, claim, or other communication under this Agreement
to the intended recipient at such address using any other means (including personal delivery, expedited courier, messenger service, telecopy, ordinary mail, or electronic mail), but no such notice, request, demand, claim, or other communication
shall be deemed to have been duly given unless and until it actually is received by the intended recipient. Either party to this Agreement may change the address to which notices, requests, demands, claims, and other communications hereunder are to
be delivered by giving the other party notice in the manner set forth in this section. 

Section 17. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall
be deemed an original but all of which together shall constitute one and the same instrument. 
 EXECUTED as of the date of grant set
forth above. 
  

			
	REAL GOODS SOLAR, INC.	  	GRANTEE
		
	By                                      
                                         
                                         
   	  	By                                      
                                         
                                      
	Name / Title: Kamyar (Kam) Mofid / CEO	  	 Name: [•]

Address:                        
                                         
           

	 Address: 833 W. South Boulder Road

               Louisville, Colorado 80027

               Attn.: Stock Option Administration
	  	

  
 11EX-10.28

 Exhibit 10.28 

Real Goods Solar, Inc. has entered into the attached Form of Employment Offer Letter with the officers and directors of Mercury Energy, Inc. listed below on
identical material terms other than as disclosed below: 
  

													
	 Date
	  	Mercury 
Officer or 
Director	  	Vice
President 
Title	  	Reporting
Supervisor	  	Base Salary	 	  	 Additional Employment

Condition

	 8/8/13
	  	Jared Haines	  	Commercial
 Sales
	  	Tim Seamons	  	$	225,000.00	  	  	None
	 8/8/13
	  	Anthony
Coschigano	  	East Coast
Operations	  	Tim Seamons	  	$	200,000.00	  	  	Notwithstanding the foregoing, you may continue to operate ECNY Electric Inc. and ECNY Electrical Contracting Inc., provided that those entities are not installing more than an aggregate of $500,000 of solar installations in any
twelve month period.
	 8/7/13
	  	Andrew
Zaref	  	Project
Finance	  	Kam Mofid	  	$	225,000.00	  	  	None

 

 
  

 [•] 
 Via
Email [•]@mercurysolarsystems.com 
  

	RE:	Employment with Real Goods Solar, Inc. 

 Dear Mr. [•]: 

Effective upon the closing (the “Closing”) of the transactions contemplated by the Agreement and Plan of Merger (the
“Merger”) between Real Goods Solar, Inc., a Colorado corporation (the “Company”), Real Goods Mercury, Inc., a Delaware corporation, and Mercury Energy, Inc., a Delaware corporation (“Mercury”), we
are pleased to offer you the position of Vice President of [•] of what will be the Mercury division of Real Goods Solar, Inc., at Mercury’s headquarters in New York. You will be based out of this location although some travel will be
required to our other offices in other parts of the country. This is a full-time, exempt position. Your employment will commence on the date of the Closing, and you will be reporting directly to [•]. 

SALARY: Your annualized base salary will be $[•] less applicable withholdings, paid periodically in accordance with normal Company
payroll practices. 
 EQUITY INCENTIVE: Pursuant to the terms of the Company’s 2008 Long-Term Incentive Plan, as amended
(“Plan”), and subject to shareholder approval of an amendment to the Plan increasing the number of shares available for issuance under the Plan, you will be granted an option to purchase 200,000 shares of the Company’s class A
common stock (RSOL Nasdaq) with an exercise price equal to the market closing price on the later of (i) date of the Closing and (ii) the date shareholder approval is obtained for the amendment increasing the number of shares available for
issuance under the Plan, subject to the vesting schedule set forth in your stock option agreement and the terms of the Plan (the “Stock Option”). In the event the shareholders have not approved the amendment increasing the number of
shares available for issuance under the Plan at a duly convened stockholders meeting (including any adjournment or postponement thereof) on or prior to your first day of employment, the Company will work with you in good faith to amend the vesting
schedule of your Stock Option, as determined by the Board in the Board’s reasonable discretion, to take into account the time period between the start of your employment and the shareholder approval of the Stock Option award. In the event the
shareholders do not approve such amendment increasing the number of shares available for issuance under the Plan at a duly convened stockholders meeting (including any adjournment or postponement thereof), the Company will work with you in good
faith to establish an equitable form of compensation, as determined by the Board in the Board’s reasonable discretion. Upon a Change of Control (as defined below), 50% of the Stock Option that is unvested at the time of the Change in Control
(or such greater portion the buyer in such Change of Control transaction offers to participants in the Plan) will immediately vest in full. The remaining unvested portion of the Stock Option will continue to vest in accordance the applicable award
documents relating to the Stock Option. “Change of Control” for purposes of the accelerated vesting of the Stock Option shall mean a new or an existing shareholder currently owning less than 10% of shares of the Company becoming a
majority shareholders. 

 

 
  

 BONUS: Your annual bonus opportunity will be up to 50% of your base salary, less
applicable withholdings (“Bonus”). Your Bonus will be based upon achievement of financial objectives as determined by the CEO, with your input, and as approved by the Board. 

For 2013, your Bonus shall be based upon the Closing occurring prior to December 31, 2013 and the achievement of the following revenue
goals for the second half of 2013: 
  

	 	•	 	The Mercury division of the Company has earned revenues for the second half of 2013 (“Revenues”) in excess of $12,000,000 and achieves an EBITDA target of at least 5% of such Revenues, then your Bonus
shall be $50,000; 

  

	 	•	 	Revenues exceed $25,000,000 and the Mercury division of the Company achieves an EBITDA target of at least 5% of such Revenues, then your Bonus shall be an additional $50,000, for a total Bonus of $100,000;

  

	 	•	 	To the extent Revenues are greater than $12,000,000 but equal to or less than $25,000,000, and the 5% EBITDA target is met, the Bonus will be prorated between $50,000 and $100,000; and 

 

	 	•	 	If Revenues fail to exceed $12,000,000 or if the 5% EBITDA target is not met, you shall not be entitled to, and the Company shall not be obligated to pay to you, any Bonus. The parties agree that expenses incurred by
the Mercury division approved in writing in advance by the CEO, in his discretion, shall be excluded from this EBITDA target calculation. 

Any Bonus will be paid in a single lump sum cash payment. You must be an employee of the Company or an affiliate of the Company at the time a Bonus is paid in
order to receive the Bonus, and no Bonus will be prorated. If you are not an employee of the Company or an affiliate of the Company at the time a Bonus is to be paid, you will forfeit, and the Company will not be obligated to pay to you, the Bonus.
The determination as to whether the EBITDA and Revenue requirements for any Bonus have been met will be made in the Company, as evidenced by the Company’s audited financials for such period. 

For subsequent years, the Bonus revenue and EBITDA targets shall be designated within 60 days following the close of the prior fiscal year. 

 

 
  

 BENEFITS: During your employment with the Company, you will be eligible to participate
in the employee benefit plans currently and hereafter maintained by the Company or its subsidiaries applicable to other similarly-situated employees of the Company. Where a particular benefit is subject to a formal plan (for example, medical
insurance or life insurance), eligibility to participate in and receive any particular benefit is governed solely by the applicable plan document. You will be entitled to four weeks of paid time off (PTO) per year, accruing in accordance with the
Company’s policies and practices regarding PTO. The benefits to which you will be entitled are set forth in the Employee Handbook and in other, more specific, benefits documents that will be provided to you. The Company may, from time to time,
in its sole discretion, modify or eliminate the benefits and programs offered to employees, including you. Until the later of January 1, 2013 or the Closing, the Company or its subsidiary will continue to pay your complete medical insurance
benefit cost in the same manner historically paid by Mercury, however following such date, Company contributions for such benefits will be treated in the same manner as contributions made to other Company employees. 

SEVERANCE: In the event your employment is terminated without Cause (as defined below) or you terminate your employment with the
Company for Good Reason (as defined below), you will be entitled to receive (i) cash severance equal to six months of your base salary, paid in accordance with the Company’s normal payroll practices and (ii) a single lump sum cash
payment of all accrued but unused PTO, in accordance with the Company’s policies, paid no later than 30 days following your termination of employment, subject to your providing to the Company a fully-executed and irrevocable release of all
known and unknown claims no later than the 60th day immediately following your termination of employment and abiding by the terms of the release agreement. If you fail to timely provide to the
Company the fully-executed and irrevocable release, you will forfeit, and the Company will have no obligation to pay or provide to you, the aforementioned severance benefits. All other benefits, including but not limited to life insurance,
disability insurance, etc., shall cease upon your termination of employment unless otherwise required by applicable laws. As of the date hereof, you acknowledge that your accrued and unused PTO as an employee of Mercury is equal [•]. The PTO
provided by the Company hereunder shall take such accrued and unused PTO into account and shall in no event result in more than four weeks of PTO per year. 

CAUSE AND GOOD REASON: For purposes of this agreement: 

“Cause” means (a) misappropriation of funds, (b) conviction of or plea of guilty or no contest to a crime involving, money or
property of the Company, fraud, embezzlement, theft, or other felony involving an act of violence, (c) gross negligence in the performance of duties, (d) material breach of a fiduciary duty to the Company, or other action having the effect
of materially injuring the business or reputation of the Company; or (e) breach of any material contractual obligations to the Company. Prior to a determination of cause, the Company shall provide you written notice of the alleged basis for
cause within 5 days following its occurrence and provide you with five (5) business days within which to cure. 

 

 
  

 “Good Reason” means the occurrence, without the your consent, of one or more of the
following actions, to which you object in writing to the Board within 5 days following initial notification of its occurrence or proposed occurrence, and which action is not then rescinded within five (5) business days after delivery of such
notice: (i) a material reduction by the Company of your title, authority, duties or responsibilities, (ii) a failure to pay or reduction of your base salary or material reduction in benefits, (iii) failure of any successor or assign
of the Company to assume the terms of this Agreement, (iv) a material breach of this Agreement; and (v) any act by the Company requiring you to engage in any act involving dishonesty, theft or fraud. 

CONDITIONS OF EMPLOYMENT: Your employment with the Company is contingent upon satisfactory results of all background and reference
checks and drug screening, as well as verification of your eligibility to work in the United States. This offer will be rescinded if you either fail or refuse the background check or the drug screening. 

The Company considers the protection of its confidential information, proprietary materials and goodwill to be extremely important.
Accordingly, your employment is contingent upon you agreeing to covenants concerning confidentiality, non-competition, and non-solicitation of employees and customers, as well as an assignment of inventions included in the Non-Disclosure,
Non-Solicitation and Non-Competition Agreement attached hereto as Exhibit B (the “Non-Disclosure Agreement”). 

Your employment with the Company will be governed by the terms and conditions of this agreement, the Non-Disclosure Agreement, the
Company’s Employee Handbook, and the Company’s policies and practices, all as they may be amended from time to time in the Company’s sole discretion, except to the extent those terms are inconsistent with this agreement. You agree to
read and abide by the policies set forth in these documents. By accepting employment with us, you agree to perform your duties to the best of your abilities and to act at all times in the best interests of the Company and its clients. You further
agree to comply with all laws, regulations and professional obligations that may apply to you now and in the future. 
 By accepting this
offer and signing below, you further agree to devote your full efforts, attention, and energies to the Company. While employed by the Company, you may not work as an employee or consultant of any other organization or engage in any other activities
that conflict or interfere with your employment obligations to us, including working for a competitive organization or undertaking any activities that could create a conflict of interest, whether such activities are for monetary gain or otherwise,
without the prior written consent of the Company’s CEO. 

 

 
  

 AT-WILL EMPLOYMENT: You should understand that your employment with the Company is
“at-will,” meaning that either you or the Company may terminate your employment at any time for any reason. No provision of this offer letter or the accompanying Non-Disclosure Agreement shall be construed to create an express or implied
employment contract, or a promise of employment for any specific period of time. This at-will provision applies throughout your employment with the Company (and its subsidiaries, affiliates or successors) regardless of any change in your title,
position, responsibility, compensation or location. No employee of the Company may verbally alter your status as an at-will employee. In order to be effective, any change to your at-will status must be express and in writing, executed by the
undersigned. 
 With respect to your relationship with the Company, this agreement (including the documents referenced in this agreement, such as the
Nondisclosure Agreement and the stock option agreement), contains the entire understanding between you and the Company, and supersedes any prior agreements, understandings, and communications between you and the Company, and upon the Closing will
supersede any prior agreements, understandings, and communications between you and Mercury, in each case whether oral, written, implied or otherwise, other than the Retention Bonus Agreement executed by you and Mercury on the date hereof. This
agreement may not be modified except in a writing signed by the CEO of the Company and you. 
 The compensation and benefits provided under this agreement
are intended to be exempt from the requirements of the statutory provisions of Section 409A of the Internal Revenue Code of 1986, as amended, and any Treasury Regulations and other interpretive guidance issued thereunder (collectively,
“Section 409A”), and this agreement shall be construed and interpreted in accordance with such intent. You understand and agree that you are solely responsible for any and all taxes due as a result of any compensation, including any
severance, provided hereunder and no provision of this agreement shall be interpreted or construed to transfer any liability for failure to comply with the requirements of Section 409A from you or any other individual to the Company or its
affiliates. In the event the Company determines that any compensation payable or benefit provided hereunder may be subject to the requirements of Section 409A, the Company (without any obligation to do so or obligation to indemnify you for any
failure to do so) may adopt, without your consent, such amendments to this agreement or take any other actions that the Company in its sole discretion determines are necessary or appropriate for such compensation or benefit to either (a) be
exempt from the requirements of Section 409A or (b) comply with the requirements of Section 409A. Whenever a payment under this agreement specifies a payment period, the actual date of payment within such specified period shall be
within the sole discretion of the Company, and you shall have no right (directly or indirectly) to determine the year in which such payment is made. Each installment payment payable hereunder shall be deemed to be a separate payment for purposes of
Section 409A. No compensation or benefit that is subject to the requirements of Section 409A and that is payable upon your termination of employment shall be paid unless your termination of employment constitutes a “separation from
service” within the meaning of Treasury Regulation Section 1.409A-1(h). If you are deemed at the time of your separation from service to be a “specified employee” for purposes of Code Section 409A(a)(2)(B)(i), to the extent
delayed commencement 

 

 
  

 
of any portion of the compensation or benefits to which you are entitled under this agreement is required in order to avoid a prohibited distribution under Code Section 409A(a)(2)(B)(i) (any
such delayed commencement, a “Payment Delay”), such compensation or benefits shall not be provided to you prior to the earlier of (1) the expiration of the six-month period measured from the date of your “separation from
service” with the Company or (2) the date of your death. Upon the earlier of such dates, all payments and benefits deferred pursuant to the Payment Delay shall be paid in a lump sum to you, and any remaining compensation and benefits due
under this agreement shall be paid or provided as otherwise set forth herein. The determination of whether you are a “specified employee” for purposes of Code Section 409A(a)(2)(B)(i) as of the time of your separation from service
shall be made by the Company in accordance with the terms of Section 409A (including without limitation Treasury Regulation Section 1.409A-1(i) and any successor provision thereto). 

This agreement will be governed by New York law, without reference to the choice of law or conflicts of law principles thereof. If any term, provision,
paragraph, or condition of this agreement is held to be invalid, illegal, or unenforceable, that provision shall be limited or eliminated to the minimum extent necessary to allow this agreement to remain enforceable in full force and effect. The
unenforceability of any provision of this agreement will not affect the validity or enforceability of any other provision of the agreement. 
 To indicate
your acceptance of this offer, please sign below and return the enclosed copy of this agreement no later than [•], 2013, at which time this offer expires. 

I am very excited to welcome you. I am certain that you will find employment with us to be challenging and rewarding, and I look forward to working with you.
In the meantime, should you have any questions at all, please do not hesitate to contact me or Crystine Hodges, Director of HR. 
 Sincerely, 

Kam Mofid 
 CEO 

 

 
  

 I understand and agree to the foregoing terms, and accept Real Good Solar’s offer of at-will employment
on the terms set forth above. 
  

					
	  
	  	 [•]
	  	
	                [•]	  	Date	  	

 EXHIBIT 

NON-COMPETITION, NON-SOLICITATION, 

NON-DISCLOSURE AGREEMENT 
 This
Non-Competition, Non-Solicitation, Non-Disclosure and Agreement (this “Agreement”) is entered into by and between [            ] (the “Employee”) and Real Goods Solar,
Inc., a Colorado corporation (the “Company”). 
 WHEREAS, the Company considers the protection of its confidential information,
proprietary materials and goodwill to be extremely important; and 
 WHEREAS, any employment offer with the Company is contingent upon your
exection of this Agreement. 
 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: 
 1. Best Efforts. Except where otherwise
explicitly provided in the Offer Letter dated August     , 2013 between Employee and the Company, during the period of Employee’s employment by the Company, Employee shall devote his full time and best efforts to the
business of the Company, and shall neither pursue any business opportunity outside the Company nor take any position with any organization other than the Company without the written approval of the Chief Executive Officer or his/her designee. 

2. Non-competition. During the period of Employee’s employment by the Company and for one year following the termination of such
employment, regardless of the reasons for termination, Employee shall not, directly or indirectly, within the United States, (i) accept employment with any business or entity that is in competition with the products or services being created,
developed, manufactured, marketed, distributed or sold by the Company, or (ii) engage in any business or activity (whether alone or as a consultant, partner, officer, director, employee, joint venturer, lender or stockholder) that is in
competition with the products or services being created, developed, manufactured, marketed, distributed or sold by the Company. Employee’s ownership of less than 1% of the equity securities of any publicly traded company will not by itself
violate the terms of this Section. 
 3. Trade Secrets. Employee acknowledges that (a) the Company is the owner of certain
proprietary or confidential information respecting existing and future products and services, designs, methods, know-how, techniques, systems, processes, databases, specifications, engineering data, developments, customer lists, customer
information, financial information, pricing information, personnel information, business plans, projects, plans, and proposals (collectively, “Trade Secrets”); (b) the Company does business throughout the United States and needs to
protect its Trade Secrets throughout the country; (c) Employee has gained and/or will gain knowledge of the Company’s Trade Secrets solely by virtue of Employee’s employment with the Company, and (d) the confidentiality of the
Company’s Trade Secrets is vital to the success of the Company. 

 4. Non-solicitation of Customers. During the period of Employee’s employment with the
Company and for one year following the termination of employment, regardless of the reasons for termination, Employee shall not, directly or indirectly, alone or as a consultant, partner, officer, director, employee, joint venturer, lender or
stockholder of any entity, solicit or do business with any customer of the Company or any potential customer of the Company (i) with whom Employee has had contact or (ii) about whom Employee obtained information, or became familiar with
through the Company’s Trade Secrets during the course of Employee’s employment with the Company. 
 5. Non-solicitation of
Employees. 
 (a) During the period of Employee’s employment by the Company and for one year following the termination of
employment, regardless of the reasons for the termination, Employee will not, in any manner, hire or engage, or assist any company or business organization by which Employee is employed or which is directly or indirectly controlled by Employee to
hire or engage, any person who is or was employed by the Company (or is or was an agent, representative, contractor, project consultant or consultant of the Company) at the time of Employee’s termination or during the period of one year
thereafter. 
 (b) During the period of Employee’s employment by the Company and for one year following the termination of
Employee’s employment, regardless of the reasons for the termination, Employee will not, in any manner, solicit, recruit or induce, or assist any company or business organization by which Employee is employed or which is directly or indirectly
controlled by Employee to solicit, recruit or induce, any person who is or was employed by the Company (or is or was an agent, representative, contractor, project consultant or consultant of the Company) at the time of Employee’s termination or
during the period of one year thereafter, to leave his or her employment, relationship or engagement with the Company. 
 6.
Non-disclosure. Employee shall not at any time, whether during or after the termination of Employee’s employment, reveal to any person or entity any Confidential Information except to employees of the Company who need to know such
Confidential Information for the purposes of their employment, or as otherwise authorized by the Company in writing. The term “Confidential Information” shall include any information concerning the organization, business or finances of the
Company or of any third party which the Company is under an obligation to keep confidential that is maintained by the Company as confidential. Such Confidential Information shall include, but is not limited to, the Company’s Trade Secrets.
Employee shall keep confidential all matters entrusted to Employee and shall not use or attempt to use any Confidential Information except as may be required in the ordinary course of performing Employee’s duties as an employee of the Comp any,
nor shall Employee use any Confidential Information in any manner which may injure or cause loss or may be calculated to injure or cause loss to the Company, whether directly or indirectly. 

7. Company Property. Employee agrees that during Employee’s employment Employee shall not make, use or permit to be used any
Company Property otherwise than for the benefit of the Company. The term “Company Property” shall include all notes, memoranda, reports, lists, records, drawings, sketches, specifications, software programs, software code, data, computers,
cellular telephones, pagers, credit and/or calling cards, keys, access cards, 

 
documentation or other materials of any nature and in any form, whether written, printed, electronic or in digital format or otherwise, relating to any matter within the scope of the business of
the Company or concerning any of its dealings or affairs and any other Company property in Employee’s possession, custody or control. Employee further agrees that Employee shall not, after the termination of Employee’s employment, use or
permit others to use any such Company Property. Employee acknowledges and agrees that all Company Property shall be and remain the sole and exclusive property of the Company. Immediately upon the termination of employment Employee shall deliver all
Company Property in Employee’s possession, and all copies thereof, to the Company. 
 8. Assignment of Developments. 

(a) If at any time or times during Employee’s employment, Employee shall (either alone or with others) make, conceive, create, discover,
invent or reduce to practice any Development that (i) relates to the business of the Company or any customer of or supplier to the Company or any of the products or services being developed, manufactured or sold by the Company or which may be
used in relation therewith; or (ii) results from tasks assigned to Employee by the Company; or (iii) results from the use of premises or personal property (whether tangible or intangible) owned, leased or contracted for by the Company,
then all such Developments and the benefits thereof are and shall immediately become the sole and absolute property of the Company and its assigns, as works made for hire or otherwise. The term “Development” shall mean any invention,
modification, discovery, design, development, improvement, process, software program, work of authorship, documentation, formula, data, technique, know-how, or other Trade Secret or intellectual property right whatsoever or any interest therein
(whether or not patentable or registrable under copyright, trademark or similar statutes or subject to analogous protection), Employee shall promptly disclose to the Company (or any persons designated by it) each such Development. In addition, after
termination of Employee’s employment, Employee will disclose all patent applications filed by Employee alone, or jointly with others, within a year after termination of employment. Employee hereby assigns all rights (including, but not limited
to, rights to inventions, patentable subject matter, copyrights and trademarks) Employee may have or may acquire in the Developments and all benefits and/or rights resulting therefrom to the Company and its assigns without further compensation and
shall communicate, without cost or delay, and without disclosing to others the same, all available information relating thereto (with all necessary plans and models) to the Company. 

9. Remedies. It is agreed that any violation or threatened violation of this Agreement, especially paragraphs 2 through 7, will likely
cause the Company immediate and irreparable injury for which money damages would not be an adequate remedy; therefore, the Company shall, in addition to any other right or remedy available at law or in equity, have the right and remedy to enjoin,
preliminary and permanently, Employee for breach or threatening to breach the same and to have the same specifically enforced by any court of competent jurisdiction within the state specified below in paragraph 16. Employee hereby waives, and agrees
to waive in any such action, any requirement that the Company secure a bond in connection with the obtaining of such injunctive or other equitable relief. Employee further acknowledges and agrees the covenants set forth in paragraphs 2 through 6 are
reasonable and valid in time, scope and geographic area and all other respects, and are necessary to protect the legitimate business interests of the Company, especially its Trade Secrets. 

 10. Further Assurances. Employee shall, during Employee’s employment and at any time
thereafter, at the request and cost of the Company, promptly sign, execute, make and do all such deeds, documents, acts and things as the Company and its duly authorized officers may reasonably require: 

(a) to apply for, obtain, register and vest in the name of the Company alone (unless the Company otherwise directs) patents, copyrights,
trademarks or other analogous protection in any country throughout the world relating to a Development and when so obtained or vested to renew and restore the same; and 

(b) to defend any judicial, opposition or other proceedings in respect of such applications and any judicial, opposition or other proceeding,
petition or application for revocation of any such patent, copyright, trademark or other analogous protection. 
 (c) If the Company is
unable, after reasonable effort, to secure Employee’s signature on any application for patent, copyright, trademark or other analogous protection or other documents regarding any legal protection relating to a Development, whether because of
Employee’s physical or mental incapacity or for any other reason whatsoever, Employee hereby irrevocably designate and appoint the Company and its duly authorized officers and agents as Employee’s agent and attorney-in-fact, to act for and
in Employee’s behalf and stead to execute and file any such application or applications or other documents and to do all other lawfully permitted acts to further the prosecution and issuance of patent, copyright or trademark registrations or
any other legal protection thereon with the same legal force and effect as if executed by Employee. 
 11. Employment At Will. Except
where otherwise explicitly provided in the Offer Letter dated August     , 2013 between Employee and the Company, employee understands that this Agreement does not constitute an implied or written employment contract and that
Employee’s employment with the Company is on an “at-will” basis. Accordingly, Employee understands that either the Company or Employee may terminate Employee’s employment at any time, for any or no reason, with or without prior
notice. 
 12. Severability. Employee hereby agrees that each provision and the subparts of each provision herein shall be treated as
separate and independent clauses, and the unenforceability of any one clause shall in no way impair the enforceability of any of the other clauses of the Agreement. Moreover, if one or more of the provisions contained in this Agreement shall for any
reason be held to be excessively broad as to scope, activity, subject or otherwise so as to be unenforceable at law, such provision or provisions shall be construed by the appropriate judicial body by limiting or reducing it or them, so as to be
enforceable to the maximum extent compatible with the applicable law as it shall then appear. Employee hereby further agrees that 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 either of the parties. 

 13. Amendments; Waiver. Any amendment to or modification of this Agreement shall be in
writing and signed by the Company and Employee. Any waiver by the Company of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach of such provision or any other provision hereof. 

14. Survival. This agreement shall be effective as of the date entered below. Employee’s obligations under this Agreement shall
survive the termination of Employee’s employment regardless of the manner of such termination and shall be binding upon Employee’s heirs, executors, administrators and legal representatives. 

15. Assignment. The Company shall have the right to assign this Agreement to its successors and assigns, and all covenants and
agreements hereunder shall inure to the benefit of and be enforceable by said successors or assigns. Employee may not assign this Agreement. 

16. Representations. 
 (a)
Employee represents that Employee’s employment with the Company and Employee’s performance of all of the terms of this Agreement do not and will not breach any agreement to keep in confidence proprietary information acquired by Employee in
confidence or in trust prior to Employee’s employment by the Company. Employee has not entered into, and Employee shall not enter into, any agreement either written or oral in conflict herewith. 

(b) Employee agrees that any breach of this Agreement by Employee will cause irreparable damage to the Company and that in the event of such
breach the Company shall have, in addition to any and all remedies of law, the right to an injunction, specific performance or other equitable relief to prevent the violation of Employee’s obligations hereunder. The Company may apply for such
injunctive relief in any court of competent jurisdiction without the necessity of posting any bond or other security. 
 17. Governing
Law; Forum Selection Clause. This Agreement and any claims arising out of this Agreement (or any other claims arising out of the relationship between the parties) shall be governed by and construed in accordance with the laws of the State of New
York and shall in all respects be interpreted, enforced and governed under the internal and domestic laws of such state, without giving effect to the principles of conflicts of laws of such state. Any claims or legal actions by one party against the
other shall be commenced and maintained in any state or federal court located in such State, Employee hereby submits to the jurisdiction and venue of any such court. 

18. Entire Agreement. This Agreement sets forth the complete, sole and entire agreement between the parties on the subject matter herein
and supersedes any and all other agreements, negotiations, discussions, proposals, or understandings, whether oral or written, previously entered into, discussed or considered by the parties. 

 IN WITNESS WHEREOF, the undersigned has executed this Agreement as a sealed instrument as of the date first above
written. 
  

			
	  
 Signature of Employee
(Please Sign)
  

	  

Name of Employee (Please Print)

		
	 Date:
	 	 
		
	 Address:
	 	 
		
		 	 
		
		 	 
		 	

  

	
	Real Goods Solar, Inc.
	
	   

	By:
	 Its:

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