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ADDENDUM TO THE

THIRD AMENDED AND RESTATED ADVISORY AGREEMENT 
BETWEEN 
GREENBACKER RENEWABLE ENERGY COMPANY LLC 
GREENBACKER RENEWABLE ENERGY CORPORATION 
AND 
GREENBACKER CAPITAL MANAGEMENT LLC

THIS ADDENDUM TO THE THIRD AMENDED AND RESTATED ADVISORY AGREEMENT (the “ADDENDUM”) is entered into as of the 9th day of May, 2021, with an effective date of July 1, 2021, by and between GREENBACKER RENEWABLE ENERGY COMPANY LLC, a Delaware limited liability company (the “Company”), GREENBACKER RENEWABLE ENERGY CORPORATION, a Maryland corporation (the “Operating Corp.”), and GREENBACKER CAPITAL MANAGEMENT LLC, a Delaware limited liability company (the “Advisor”).

WHEREAS, the Company and the Advisor entered into the Third Amended and Restated Advisory Agreement, dated September 1, 2020 (the “Advisory Agreement”) to continue the retention of the Advisor to furnish advisory and management services to the Company and its subsidiaries on the terms and conditions therein (the “Third Amended and Restated Advisory Agreement”); and

WHEREAS, the Company and the Advisor wish to amend certain terms of the Third Amended and Restated Advisory Agreement by entering into this Addendum.  All capitalized terms used in this Addendum but not defined herein shall have the meanings ascribed to them in the Third Amended and Restated Advisory Agreement.

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the parties hereby agree as follows: 

1.The third paragraph of the Third Amended and Restated Advisory Agreement shall hereby be deleted and replaced in its entirety with the following:

3.Compensation of the Advisor. During the Initial Term and any Renewal Term (each as defined in Section 9(a) hereof), the Company shall pay or cause to be paid periodically in arrears a base management fee (“Base Management Fee”) calculated as an annual percentage of the Net Asset Value (as defined below) in accordance with the following schedule:

						
	Net Asset Value 
	Base Management Fee

	$1 to $800,000,000
	2.00% (0.167% monthly)

	$800,000,001 to $1,500,000,000
	1.75% (0.14583% monthly)

	Greater than $1,500,000,000
	1.50% (0.125% monthly)

“Net Asset Value” is defined as the net fair market value of all of the Company’s assets, including investments in bank accounts, money market funds or other current assets, as determined by the Board of Directors from time to time pursuant to the Company’s limited liability company operating agreement in effect at the time of the calculation. 

The Base Management shall be payable at least monthly but not more frequently than weekly. The Base Management Fee for any partial period shall be appropriately pro-rated. The Advisor may elect, in its sole discretion, to defer or waive all or a portion of the Base Management Fee. Any portion of a deferred Base Management Fee not taken as to any period shall be deferred without interest and may be taken by the Advisor in any other period prior to the occurrence of a Liquidity Event (as such term is defined in the LLC Agreement) as the Advisor may determine in its sole discretion.

***
1

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on the date above written.

						
	GREENBACKER RENEWABLE ENERGY COMPANY LLC
	
	

By: /s/ Richard C. Butt

	Name: Richard C. Butt
Title: Chief Financial Officer

		
	
	
	GREENBACKER CAPITAL MANAGEMENT LLC
	

By: /s/ Charles Wheeler
	
	Name: Charles Wheeler
Title: President

	
	GREENBACKER RENEWABLE ENERGY CORPORATION
	

By: /s/ Richard C. Butt
	
	Name: Richard C. Butt
Title: Chief Financial Officer

2

3Exhibit 4.5

 

 

 

FIRST AMENDMENT

TO 

THE
RIOT BLOCKCHAIN, INC. 2019 EQUITY INCENTIVE PLAN

This First Amendment (this
“First Amendment”) to the Riot Blockchain, Inc. (the “Company”) 2019 Equity Incentive Plan (the
“Plan”), as adopted by the unanimous approval of the members of the Board of Directors of Riot Blockchain, Inc. (the
“Board”) upon the recommendation of the Compensation and Human Resources Committee (the “Committee”)
of the Board, and as ratified and approved by the shareholders of the Company (the “Effective Date”), amends the Plan
as set forth herein as of the Effective Date. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them
in the Plan.

WHEREAS, the Plan,
as adopted by the Committee and the Board, and as ratified and approved by the Shareholders effective October 23, 2019, was adopted as
the equity compensation plan of the Company to promote the success of the Company and to increase shareholder value by providing an additional
means through the grant of Awards to attract, motivate, retain and reward selected employees and other eligible persons; and

WHEREAS, the Plan
had, as of the date of its adoption, a Share Limit of 3,600,000 shares of the Company’s Common Stock, as well as 330,603 shares
of the Company’s Common Stock, which had carried over from the Company’s former 2017 Equity Incentive Plan, for a total 3,930,603
shares of Common Stock available for Awards to Eligible Persons (the “Share Reserve”); and

WHEREAS, the Committee,
both in its capacity as Plan Administrator and in furtherance of its responsibility to oversee the compensation and equity incentive practices,
plans, and procedures of the Company, has been tasked with the oversight and administration of the Plan; and

WHEREAS, the Committee,
having considered the Company’s issuance of Awards since the shareholders adopted the Plan, the Company’s expected needs for
equity compensation through December 31, 2023, and the shares of Common Stock available for issuance in the Share Reserve, has determined
to adopt this First Amendment to the Plan to increase the number of shares of Common Stock available for issuance under the Plan by 3,500,000
additional shares of Common Stock, for a total of 4,061,809 Shares.

NOW, THEREFORE,
as approved by the Board upon the recommendation of the Committee as of September 9, 2020 and as approved by the shareholders of the Company
as of the date listed below, this First Amendment to the Plan is hereby adopted and approved in all respects. Accordingly, pursuant to
this First Amendment, the Plan is hereby amended as follows:

1.      
As of the Effective Date, Section 4.2 of the Plan is hereby amended by deleting it in
its entirety and is replaced with the following:

 

“4.2Share Limit.
The maximum number of shares of Common Stock that may be delivered pursuant to Awards granted to Eligible Persons under this Plan may
not exceed 4,061,809 (the “Share Limit”). Such shares of Common Stock may be authorized and unissued shares or, to
the extent permitted by applicable law, issued shares of Common Stock that have been reacquired by the Company. Such shares of Common
Stock may be used for any type of Award under the Plan, and any or all of the shares of Common Stock up to the Share Limit may be allocated
to Incentive Stock Options. Solely for the purpose of determining the number of shares of Common Stock available for Awards under this
Section 4.2, the number of shares of Common Stock available for issuance under the Plan shall be reduced by one (1.00) share of Common
Stock for every one (1.00) share of Common Stock granted in respect of an Award; provided, however, that in the case of an Award
that provides for a range of potential payouts of shares of Common Stock, the number of shares of Common Stock available for issuance
under the Plan shall be reduced by the maximum number of shares of Common Stock that may be paid under such an Award.

The foregoing Share Limit is subject to adjustment
as contemplated by Section 4.3, Section 7.1, and Section 8.10.”

2.      
Except as specifically set forth in this First Amendment, no provision of the Plan is changed,
and the Plan is hereby ratified in its entirety and shall remain in full force and effect.

 

As adopted by the Board of Directors
of Riot Blockchain, Inc. on September 9, 2020.

As approved by the Shareholders of Riot
Blockchain, Inc. on November 12, 2020.Exhibit 4.6

 

 

SECOND
AMENDMENT 

TO

THE
RIOT BLOCKCHAIN, INC. 2019 EQUITY INCENTIVE PLAN

This Second Amendment (this
“Second Amendment”) to the Riot Blockchain, Inc. 2019 Equity Plan, as amended (the “Plan”), as adopted
by the unanimous approval of the members of the Board of Directors (the “Board”) of Riot Blockchain, Inc. (the “Company”)
upon the recommendation of the Compensation and Human Resources Committee of the Board (the “Committee”), amends the
Plan as set forth herein, effective as of the date ratified and approved by the stockholders of the Company set forth at the end of this
document (the “Effective Date”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to
them in the Plan.

WHEREAS, the Plan,
as adopted by the Committee and the Board, and as ratified and approved by the shareholders effective October 23, 2019, was adopted as
the equity compensation plan of the Company to promote the success of the Company and to increase shareholder value by providing an additional
means through the grant of Awards to attract, motivate, retain and reward selected employees and other eligible persons; and

WHEREAS, the First
Amendment to the Plan (the “First Amendment”) was adopted by the Company and became effective as ratified and approved
by the shareholders on November 12, 2020, to increase the number of shares of Common Stock available for issuance under the Plan (the
“Share Reserve”) by 3,500,000 additional shares of Common Stock; and

WHEREAS, the Committee,
both in its capacity as Plan Administrator and in furtherance of its responsibility to oversee the compensation and equity incentive practices,
plans, and procedures of the Company, has been tasked with the oversight and administration of the Plan; and

WHEREAS, the Committee
having considered the Company’s issuance of the Awards since the shareholders adopted the Plan, as amended, the Company’s
expected needs for equity compensation through December 31, 2024, and the shares of Common Stock available for issuance in the Share Reserve,
has determined to adopt this Second Amendment to the Plan to increase the number of shares of Common Stock available for issuance under
the Plan by 4,400,000 additional shares of Common Stock; and

NOW, THEREFORE, as
approved by the Board upon the recommendation of the Committee as of September 14, 2021 and as approved by the shareholders of the Company
as of the date listed below, this Second Amendment to the Plan is hereby adopted and approved in all respects. Accordingly, pursuant to
this Second Amendment, the Plan is hereby amended as follows:

1.       As
of the Effective Date, Section 4.2 of the Plan is hereby amended by deleting it in its entirety and is replaced with
the following:

“4.2 Share
Limit. The maximum number of shares of Common Stock that may be delivered pursuant to Awards granted to Eligible Persons under
this Plan may not exceed 11,500,000 (the “Share Limit”). Such shares of Common Stock may be authorized and unissued
shares or, to the extent permitted by applicable law, issued shares of Common Stock that have been reacquired by the Company. Such shares
of Common Stock may be used for any type of Award under the Plan, and any or all of the shares of Common Stock up to the Share Limit may
be allocated to Incentive Stock Options. Solely for the purpose of determining the number of shares of Common Stock available for Awards
under this Section 4.2, the number of shares of Common Stock available for issuance under the Plan shall be reduced by one (1.00) share
of Common Stock for every one (1.00) share of Common Stock granted in respect of an Award; provided, however, that in the
case of an Award that provides for a range of potential payouts of shares of Common Stock, the number of shares of Common Stock available
for issuance under the Plan shall be reduced by the maximum number of shares of Common Stock that may be paid under such an Award. The
foregoing Share Limit is subject to adjustment as contemplated by Section 4.3, Section 7.1, and Section 8.10.”

2.       Except
as specifically set forth in this Second Amendment, no provision of the Plan is changed, and the Plan is hereby ratified in its entirety
and shall remain in full force and effect.

As adopted by the Board of
Directors of Riot Blockchain, Inc. on September 14, 2021.

As approved by the Stockholders
of Riot Blockchain, Inc. on October 19, 2021

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