Document:

Support Agreement

 Exhibit 10.5 
 EXECUTION VERSION 
 SUPPORT AGREEMENT 
 This Support Agreement is dated August 1, 2008 among Environmental Power Corporation (“EPC”), Microgy Holdings, LLC (“Holdings”)
and Microgy Hanford, LLC (“Hanford”) Microgy Riverdale, LLC (“Riverdale”) (each, a “Project Company” and Hanford and Riverdale together, the “Project Companies”) and Wells Fargo Bank, National Association, as
trustee (the “Trustee”) under the Trust Indenture dated as of August 1, 2008 (the “Indenture”) with California Statewide Communities Development Authority (the “Issuer”). 
 WHEREAS, Holdings is an indirect, wholly owned subsidiary of EPC, and Holdings owns all of ownership interests in the Project Companies; and 

WHEREAS, each of the Project Companies is engaged in the construction, development and operation of certain facilities to be constructed for the
recycling of dairy cow manure into pipeline quality renewable natural gas (each a “California Facility” and, together, the “California Facilities”); and 
 WHEREAS, Holdings is the obligor with respect to $62,425,000 California Statewide Communities Development Authority Environmental Facilities Revenue
Bonds (Microgy Holdings Project) Series 2008A (the “Bonds”) issued under the Indenture; and 
 WHEREAS, the proceeds of the Bonds
are held by the Trustee to be applied to the costs of construction of the California Facilities; and 
 WHEREAS, to induce the purchasers of
the Bonds and all who may become holders of the Bonds to purchase and hold the Bonds, EPC has agreed to enter into this Agreement; 
 NOW,
THEREFORE, in consideration of the agreements contained herein and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows: 
 1. Funding. 
 (a) EPC will advance
funds, as equity contributions or as subordinated debt, to Holdings from time to time as may be required to fully pay all costs of construction of each California Facility, as well as to fund operating costs of each California Facility incurred
prior to the Date of Completion of such California Facility, to the extent that funds are not available therefor under the Construction Fund established pursuant to the Indenture or otherwise available from Holdings or from the respective Project
Company. 
 (b) Holdings agrees to advance funds to the respective Project Companies as equity contributions at the times and in the amounts
necessary to fully pay all costs of construction of each California Facility, as well as to fund operating costs of each California Facility incurred prior to the Completion Date (as defined in the Loan Agreement) of such California Facility, to the
extent such costs are not paid by Holdings. 

 2. Determination of Completion Date. The Completion Date of each California Facility will be
established by a certificate of R.W. Beck, Inc. as independent engineer, or such other firm as may at the time be acting as independent engineer under the Indenture, delivered at the request of Holdings to the Trustee as the “Completion
Certificate” delivered under the Indenture accompanied by the certifications delivered under the Loan Agreement 
 3. Subordination
of Payments. The parties hereto agree that to the extent funds advanced by EPC pursuant to paragraph (a) hereof are evidenced by debt instruments (“EPC Loans”), the repayment of all amounts due to EPC in respect of such EPC Loans
(collectively, the “Subordinated Debt”) are and will be subordinate, to the extent and in the manner hereinafter set forth, to payments by Holdings under the Loan Agreement between Holdings and the Issuer dated as of August 1, 2008
related to the Bonds and to payments by Holdings under the Guarantee Agreement dated as of October 1, 2006 among Holdings, the Subsidiary Guarantors named therein and Wells Fargo Bank, National Association, as Collateral Trustee (the
“Collateral Trustee”) as amended and supplemented by the Supplemental Guarantee Agreement, dated as of August 1, 2008 among Holdings, the Subsidiary Guarantors named therein and the Collateral Trustee (as so amended and supplemented,
the “Guarantee”). Payments of Subordinated Debt may be made only as provided in the Guarantee. 
 4. In Furtherance of
Subordination. EPC agrees that all payments or distributions upon or with respect to the Subordinated Debt which are received by EPC contrary to the provisions of this Agreement and the Guarantee shall be received in trust for the benefit of the
holders of the Secured Obligations under the Guarantee (as defined therein), shall be segregated from other funds and property held by EPC and shall be forthwith paid over to the Collateral Trustee for application in accordance with the Collateral
Trust Indenture and the Guarantee. 
 5. Rights of Subrogation. EPC agrees that no payment or distribution pursuant to the provisions
of this Agreement shall entitle EPC to exercise any right of subrogation in respect thereof until the Secured Obligations (as defined in the Guarantee) shall have been paid in full. 
 6. Agreement in Respect of Subordinated Debt. EPC will not sell, assign, pledge, encumber or otherwise dispose of any of the Subordinated Debt
unless in each case the assignee acknowledges in writing that such assigned Subordinated Debt is subject to the provisions of this Agreement. 
 7. Repayments to EPC. The parties agree that, to the extent that amounts contributed by Holdings to the Project Companies both as an initial equity contribution and under paragraph 1(b) hereof exceeds 20% of the costs of all of the
California Facilities as completed (the “Excess Equity”), such Excess Equity may be repaid by the Project Companies to Holdings and by Holdings to EPC, subject only to the limitations of the Guarantee. 
 8. Further Assurances. Each of the parties will, at their own expense and at any time and from time to time, promptly execute and deliver all
further instruments and documents, and take all further action, that may be reasonably necessary or desirable or that the Trustee may reasonably request in order the protect any right or interest granted or purported to be granted hereby or to
enable the Trustee to exercise and enforce its rights and remedies hereunder. 
  

 2 

 9. Governing Law. This Agreement shall be governed by, and construed in accordance with, the law
of the State of California. 
 10. Notices. All notices, requests and other communications to any party under this Agreement shall be
mailed, sent or delivered at its address specified below or to such other address as it may hereafter designate by notice to the other parties hereto. 
  

			
	 Environmental Power Corporation
 120 White Plains Road

 Suite 610
 Tarrytown, NY 10591-5546
	  	 Microgy Holdings, LLC
 120 White Plains Road

Suite 610
 Tarrytown, NY 10591-5546

		
	 Microgy Hanford, LLC
 c/o Microgy Holdings,
LLC
 120 White Plains Road
 Suite 610
 Tarrytown, NY 10591-5546
	  	 Microgy Riverdale, LLC
 c/o Microgy Holdings,
LLC
 120 White Plains Road
 Suite 610
 Tarrytown, NY 10591-5546

		
	 Wells Fargo Bank, National Association
 4 Penn Center,
Suite 810
 1600 JFK Boulevard
 Philadelphia, Pennsylvania 19103

	  	

 11. Severability. Any provision of this Agreement that shall be prohibited or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereto waive any provision of law that renders any provision hereof prohibited or unenforceable in any respect.

 12. Amendment. Neither this Agreement nor any of the terms hereof may be amended, changed or modified except by an instrument in
writing signed by each of the parties hereto; provided, however, that no amendment, change or modification shall be made to this Agreement without the prior consent of Majority Holders (as defined in the Indenture). 
 13. Trustee as Beneficiary. The parties agree that the Trustee is an express beneficiary of this Agreement and, during the continuation of a
Default under the Indenture, the Trustee shall have the right to demand and receive payments hereunder for application in accordance with this Agreement. 
  

 3 

 IN WITNESS WHEREOF, the parties have executed and delivered this Support Agreement as of the date first
written above. 
  

			
	ENVIRONMENTAL POWER CORPORATION
		
	By:	 	 /s/ Michael E. Thomas

	Title:	 	 Senior Vice President, Chief Financial
 Officer and
Treasurer

	
	MICROGY HOLDINGS, LLC
		
	By:	 	 /s/ Michael E. Thomas

	Title:	 	Vice President and Treasurer
	
	MICROGY HANFORD, LLC
		
	By:	 	 /s/ Michael E. Thomas

	Title:	 	Vice President and Treasurer
	
	MICROGY RIVERDALE, LLC
		
	By:	 	 /s/ Michael E. Thomas

	Title:	 	Vice President and Treasurer
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Marvin Kierstead

	Title:	 	Vice President

  

 4Demand Purchase Agreement

 Exhibit 10.6 
 DEMAND PURCHASE AGREEMENT 
 This Demand Purchase Agreement (the “Agreement”) dated
September 3, 2008 is between and among Microgy Holdings LLC (“Microgy”), Environmental Power Corporation (“EPC”), Wells Fargo Bank, National Association (the “Trustee”), and the bondholders signatory hereto (the
“Bondholders”). 
 The Bondholders are owners of $62,425,000 aggregate principal amount of California Statewide Communities
Development Authority Environmental Facilities Revenue Bonds (Microgy Holdings Project) Series 2008A (the “Bonds”). 
 The Loan
Agreement dated as of August 1, 2008 between Microgy and California Statewide Communities Development Authority (“CSCDA”) provides in Section 3.03 that funds may not be drawn from the Construction Fund held by the Trustee under
the Trust Indenture dated as of August 1, 2008 between CSCDA and the Trustee relating to the Bonds unless certain conditions are met on or before June 30, 2009. 
 The parties agree as follows: 
 1. In the event the Bondholders and the Trustee do not receive, on or before
June 30, 2009, a certificate of the Company that the conditions in Section 3.03(g)(ii), (iv) and (v) of the Loan Agreement have been satisfied, the Bondholders may require the Company to purchase all but not less than all of
their Bonds at a price of par plus accrued interest to the purchase date (the “Demand Purchase”). 
 2. To exercise the Demand
Purchase, Bondholders holding a majority in principal amount of the Bonds (the “Majority Bondholders”), by written notice on or before July 31, 2009 to the Company, EPC, the Trustee and the other Bondholders, if any, shall demand
purchase of all of the Bonds. The Majority Bondholders shall provide evidence of their status as Majority Bondholders as of the date of such written notice. 
 3. If demand for the Demand Purchase is made, the Company shall purchase the Bonds on the date selected by the Majority Bondholders. 
 Written notice of the date for such purchase shall be provided by the Majority Bondholders to the Trustee and the Company not less that five days before the date fixed for purchase. 
 Upon receipt of notice to the Trustee regarding the Demand Purchase by the Majority Bondholders, the Trustee shall, at the direction of the Majority
Bondholders, take all funds within the Trustee Estate, and place such funds in an account held by the Trustee outside of the Indenture for the sole and exclusive benefit of the Bondholders pending the redemption. Such funds shall be deposited
into the Wells Fargo Advantage Government Fund Institutional Class. By its execution hereof, the Company acknowledges that it has no contingent interest in these funds and that the funds are solely the property of the Bondholders. In the event
the Company funds the Demand Purchase of the Bonds by the purchase date, the Trustee will (i) return the aforementioned funds to the Trust Estate and the applicable accounts and (ii) pay any interest earned on such funds to the Company. In
the event the Company does not fund the Demand Purchase of the Bonds by the purchase date, any interest earned on funds held in the Wells Fargo Advantage Government Fund Institutional Class will be payable to the Bondholders. 

 Payment shall be in immediately available funds against delivery of the Bonds through the facilities of
DTC. 
 4. If the Company does not purchase the Bonds, the Company will be deemed to have abandoned the California Project and the Trustee
shall, upon receipt of a certificate of the Majority Bondholders that the Bonds have not been purchased pursuant to the Demand Purchase, (i) treat such certificate as a Certificate of Abandonment under Section 3.05 of the Loan Agreement,
(ii) immediately call the Bonds for redemption pursuant to Section 9.1(c)(ii) of the Indenture, and (iii) by written notice to EPC, demand that it immediately reimburse to the Trustee the amounts drawn from the Costs of Issuance Fund
as provided in paragraph 6 of this Agreement. 
 5. No later than August 31, 2009, EPC will contribute to the Bond Fund under the
Indenture, for application in connection with the redemption described in Section 5, an amount of cash equal to the amount of Bond Proceeds withdrawn from the Costs of Issuance Fund. 
 6. Notices hereunder shall be given in writing by overnight courier or facsimile with receipt confirmed, to the following addresses (or such other
address as a party may provide by notice to all other parties): 
 If to the Company: 
 Microgy Holdings, LLC 
 c/o Environmental Power Corporation 
 120 White Plains Road, 6th Floor 
 Tarrytown, New York 10591 
 Attention: Richard E. Kessel 
 Fax #: (914)631-1436 
 If to EPC: 
 Environmental Power Corporation 
 120 White Plains Road, 6th Floor 
 Tarrytown, New York 10591 
 Attention: Richard E. Kessel 
 Fax #: (914)631-1436 
  

 2 

 If to the Trustee: 
 Wells
Fargo Bank, National Association 
 4 Penn Center, Suite 810 
 1600 JFK Boulevard 
 Philadelphia, Pennsylvania 19103 
 Attention: Corporate Trust Services Group 
 Fax #:(215) 861-9440 
 If to the Bondholders: 
 At the address set forth below the name of 
 such Bondholder on the signature page hereof 
 7. This
Agreement with be governed by Delaware law without regard to its law of conflicts of law. 
 8. This Agreement is the sole agreement among
the parties with respect to the subject matter hereof and supersedes all prior agreements, understandings or negotiations, whether oral or written, of the parties. This Agreement may be modified only by an instrument in writing signed by the party
against which enforcement is sought. 
 9. This Agreement is binding on the parties and the successors and assigns of the Trustee and each of
the Bondholders. This Agreement may not be assigned by the Company or EPC except by operation of law or with the consent of the holders of a majority in principal amount of the Bonds. 
 10. This Agreement may be executed in any number of counterparts. 
 11. This Agreement shall be of no force and effect following the first drawing of funds from the Construction Fund under the Indenture. 
 12. The Company, EPC and the Bondholders hereby agree to indemnify and hold the Trustee and its directors, officers, agents, and employees (collectively, the “Indemnitees”) harmless from and against any and
all claims, liabilities, losses, damages, fines, penalties, and expenses, including out of pocket, incidental expenses, legal fees and expenses, and the allocated costs and expenses of in-house counsel and legal staff (“Losses”) that may
be imposed on, incurred by, or asserted against, the Indemnitees or any of them in connection with or arising out of the Trustee’s performance under this Agreement. The Trustee shall not be liable for any action taken or omitted by it in good
faith unless a court of competent jurisdiction determines that the Trustee’s negligent or willful misconduct was the primary cause of any Losses. In addition to the immediately preceding sentence, the Company, EPC and the Bondholders also agree
to indemnify and hold the Indemnitees and each of them harmless from and against any and all Losses that may be imposed on, incurred by, or asserted against the Indemnitees or any of them for following any instruction or other direction upon which
the Trustee is authorized to rely pursuant to the terms of this Agreement. Any indemnity on the part of the Bondholders in favor of the Trustee shall be joint and not several; shall be limited by the principal amount of their holdings thereunder;
shall be exercised only after the Trustee has applied any lien it has upon funds held by it under the Indenture, and shall be inapplicable for any actions adjudged to be negligent or caused by willful misconduct of the Trustee. 
  

 3 

 [Remainder of page intentionally left blank] 
  

 4 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the date first above written. 

 

									
		 		 		 	MICROGY HOLDINGS LLC
					
		 		 		 	By:	 	 /s/ Michael E. Thomas

				
		 		 		 	ENVIRONMENTAL POWER CORPORATION
					
		 		 		 	By:	 	 /s/ Michael E. Thomas

				
		 		 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
					
		 		 		 	By:	 	 /s/ Marvin Kierstead

			
		 		 	BONDHOLDERS:
			
	  
	 		 	  

					
	By:	 	  
	 		 	By:	 	  

					
	Address:	 	  
	 		 	Address:	 	  

					
		 	  
	 		 		 	  

					
		 	  
	 		 		 	  

			
	  
	 		 	  

					
	By:	 	  
	 		 	By:	 	  

					
	Address:	 	  
	 		 	Address:	 	  

					
		 	  
	 		 		 	  

					
		 	  
	 		 		 	  

  

 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]