Document:

EXECUTION VERSION

 

SUBLICENSE
AGREEMENT

 

This sublicense
agreement (“Sublicense Agreement”) commences on the Effective
Date and is made by and between (i) Westinghouse Electric Corporation, a Delaware corporation, having its principal place of business
at 51 West 52nd Street, New York, NY 10019 (hereinafter referred to as “Westinghouse”); (ii) Westinghouse
Solar, Inc., a Delaware corporation, having its principal place of business at 1475 S. Bascom Ave., Suite 101, Campbell, CA 95008
(“W- Solar”) and Andalay Solar Inc.,
(“Andalay”) a wholly owned subsidiary of W-Solar (hereinafter
W-Solar and Andalay each referred to as a “Sublicensor”
and collectively referred to as the “Sublicensors”); (iii)
and CBD Energy Limited (ACN 010 966 973), an Australia company, having its principal place of business at 53 Cross Street Double
Bay, Suite 2 — Level 2, Sydney NSW Australia 2028 (hereinafter referred to as the “Sublicensee”).

 

RECITALS

 

WHEREAS, Sublicensors are is in the business
of manufacturing and selling Systems;

 

WHEREAS, Sublicensee is in the business
of importing, assembling, installing and selling Systems in the Territory;

 

WHEREAS, Sublicensee (by way of a wholly
owned Delaware subsidiary company) is in the process of merging with the W-Solar via a merger expected to be finalized during the
second quarter of 2013;

 

WHEREAS, Westinghouse is the owner of certain
valuable and famous trademarks and trade names;

 

WHEREAS, Sublicensors, pursuant to the Westinghouse
Agreements, have exclusive licenses and rights from Westinghouse to use the “Westinghouse” trade name in various
agreed forms and the Marks as part of Sublicensor's manufacture and sale of Systems;

 

WHEREAS, Sublicensors have, among other
matters, obtained exclusive rights to distribute Systems in the Territory using the Marks, pursuant to Amendment # 1
to the License Agreement;

 

WHERAS, Sublicensors have, among other things,
amended the trademarks pursuant to Amendment # 1 to the Trade Name Agreement;

 

WHEREAS, Sublicensors and Westinghouse are
amending the definition of “Products” (as defined in the License Agreement) pursuant to Amendment # 2 to the
License Agreement;

 

WHEREAS, Sublicensee desires to obtain,
and Sublicensors are willing to grant, a sublicense of the Sublicensors’ rights under the Westinghouse Agreements to allow Sublicensee
to use the Marks and the name “Westinghouse” as part of the Sublicensee’s trade name in connection with the
importing, assembly, installation and sale of Systems to its customers in the Territory, on the terms and conditions set
forth herein;

 

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EXECUTION VERSION

 

WHEREAS, Sublicensce has agreed to pay royalties
to Sublicensors on all of the Products Sublicensee sells in the Territory as set out in this Sublicense Agreement;

 

WHEREAS, Westinghouse has agreed to consent
to the sub-licensing by the Sublicensors to the Sublicensee under this Sublicense Agreement, on the terms and conditions set forth
herein;

 

WHEREAS, all recitals, and Appendix A, Appendix
B and Appendix C attached to this Sublicense Agreement, form an integral part of this Sublicense Agreement; and

 

WHEREAS, the Sublicensors' obligations under
this Sublicense Agreement shall be joint and several obligations (and not jointly or severally obligations).

 

NOW, THEREFORE, in consideration of the
premises and the covenants herein contained, the parties hereto agree as follows.

 

1.0 -
DEFINITIONS

 

In this Sublicense Agreement, in addition
to the other capitalized expressions set out herein, the following expressions have the following meanings:

 

1.1          “Amendment
#  1 to License 4greement”
means the amendment to the License Agreement executed by the parties thereto and dated in August
2012.

 

1.2          “Amendment
 # 1 to Trade Name Agreement”means
the amendment to the Trade Name Agreement executed by the parties thereto and dated in August 2012.

 

1.3          “Amendment
# 2 to License Agreement” means the amendment to the License Agreement executed by the parties thereto and dated
on or about the Effective Date.

 

1.4          “Business”
means the business of the Sublicensce, namely importing, assembling, installing and selling
the Products in the Territory.

 

1.5          “Effective
Date” means the date determined and defined in Section 12.

 

1.6          “License
Agreement” means the licensing agreement made between Westinghouse, W-Solar (at
the time Akeena Solar Inc) and Andalay, dated February 22, 2010.

 

1.7          “Licensing
Guidelines” means the Westinghouse Brand Guidelines attached hereto and
made a part hereof as Appendix A.

 

1.8          “Marks”
means the trademarks as shown in Appendix B attached hereto and made a part hereof.

 

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EXECUTION VERSION

 

1.9          “NIP”
or “Net Invoke Price”
means the aggregate of the invoiced
amounts for Products less (a) returned goods, refunds, credits and allowances actually made or allowed to a customer with respect
to those Products, (b) freight or handling charges charged to customers or incurred on return of goods, and (c) sales and excise
taxes actually paid by Sublicensee or Sublicensee's customers with respect to sale of Products to customers. NIP shall not include
any insurance, duties, tariffs, use taxes, special charges, and/or fees itemized for Products.

 

1.10          “party”
and “parties” means a
party or the parties to this Sublicense Agreement either individually or collectively with the other parties, as the case may
be.

 

1.11          “Products”
means the products listed in Appendix C attached hereto and made a part hereof. In the event
of any dispute arises between the parties regarding the definition of Products, the final decision regarding such definition shall
rest in Sublicensors' good faith sole and absolute discretion.

 

1.12          “Systems”
means photovoltaic solar energy systems.

 

1.13          “Term”
— means the date as determined and defined in Section 10.1 hereto.

 

1.14          “Territory”
means Australia and New Zealand, and no other territories unless such other territory is approved
in writing by the Sublicensors and Westinghouse, in which case such other territories will be form part of the definition of Territory
and will become subject to the terms and conditions of this Sublicense Agreement.

 

1.15          “Trade
Name” means the trade name “Westinghouse Solar”, or such
other trade name incorporating “Westinghouse” as may be approved by Westinghouse and Sublicensors in writing.

 

1.16          “Trade
Name Agreement” means the agreement allowing the Sublicensors to use the
Trade Name, entered into by Westinghouse, W-Solar (at the time Akeena Solar Inc) and Andalay, dated February 22, 2010.

 

1.17          “Westinghouse
Agreements” means (i) the License Agreement, as amended
from time to time; and (ii) the Trade Name Agreement, as amended from time to time.

 

2.0 - LICENSE
GRANT AND RESTRICTIONS

 

2.1          Unless sooner terminated, Sublicensors
hereby grant Sublicensee an exclusive sublicense to use the Marks during the Term solely on or in connection with the sale of Products
within the Tenitory. Sublieensors also grants, insofar as it lawfully may grant subject to any preexisting agreements with third
parties, to Sublicensee, an exclusive non-transferable, right and license to use in the Territory the Trade Name, in association
with the Business only. Sublicensors reserve all other rights in and to the Marks and Trade Name. This Sublicense Agreement shall
be subject to the guidelines set forth in the Licensing Guidelines.

 

2.2          Sublicensee
shall use the Marks only in the form approved in this Sublicense Agreement or otherwise in writing by Sublicensors (subject
to review and approval by 
Westinghouse under the Westinghouse Agreements) and with no departures in appearance or treatment. Sublicensee shall ensure
that the Marks used in its Business and under this Sublicense Agreement comply in every respect with the Licensing
Guidelines.

 

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EXECUTION VERSION

 

2.3          Sublicensee shall not use nor authorize
others to use the Marks outside of the Territory or on any other goods or merchandise of any kind other than the Products and as
specifically set forth in this Sublicense Agreement or as otherwise agreed to by the parties in writing. Sublicensee may request
at any time, in writing, Sublicensors' and Westinghouse's consent solely to manufacture Products outside of the Territory. Sublicensors
and estinghouse may permit such manufacturer to place the Marks on Products manufactured by it solely for Sublicensee for sale
within the Territory. Sublicensee shall not permit the manufacturer to make any other use of the Marks. Sublicensee shall be responsible
for the acts or omissions of its suppliers of any tier.

 

2.4          Sublicensee shall not sell any Products
or authorize others to sell any Products (i) outside the Territory; (ii) to Harvey Norman Holding Ltd., including its subsidiaries,
authorized franchisees, and affiliates; or (iii) to a third party where the Sublicensee reasonably believes the Products will be
sold by that third party outside the Territory, in each such case without the prior written consent of the Sublicensors and Westinghouse.

 

2.5          No rights are granted hereby for
the distribution of Products as premiums, promotions or giveaways.

 

2.6          The sub-license granted hereby is
personal to Sublicensee and is not assignable for any reason without Sublicensors' prior written consent. Sublicensors acknowledges
that the resale of Products by Sublicensee's retailer customers does not constitute an assignment of the sub-license granted hereby
to Sublicensee and, notwithstanding Section 15.1, accordingly approves of such resale of Products.

 

2.7          Nothing in this Sublicense Agreement
is to be construed as an assignment or grant to Sublicensee of any right, title or interest in the Marks or in any copyright, design,
trade name, trademarks, trade dress or other property right beyond the limited sublicense expressly granted hereby. Sublicensee
agrees not to assert any rights in the Marks, contrary to the provisions of this Sublicense Agreement.

 

2.8          Sublicensee will not represent that
it has any right or title to “Westinghouse” or to any registration thereof (other than the sublicense hereunder),
and it shall not at any time claim that the use of “Westinghouse” as a part of the Trade Name by it has created
any right, title or interest on its part in or to “Westinghouse”. Sublicensee shall comply with all trade name laws
in respect of the use of the Trade Name and shall not do anything to adversely affect, and shall take such steps as Sublicensors
and/or Westinghouse may reasonably require to preserve and maintain, the rights of Sublicensors and Westinghouse in the Trade Name.

 

2.9          Sublicensee agrees that it will do
nothing inconsistent with Westinghouse's ownership of “Westinghouse” and that all use of the Trade Name by Sublicensee
shall inure to the benefit of and be on behalf of Westinghouse. Sublicensee agrees that it will not attack the title of Westinghouse
to “Westinghouse” or attack the validity of this Sublicense Agreement with respect to Westinghouse's ownership
of “Westinghouse”.

 

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EXECUTION VERSION

 

2.10          Sublicensee may use domain names containing
the Trade Name during the Term of this Sublicense Agreement, subject to Westinghouse's and Subliccnsors' prior written approval.

 

2.11          Sublicensee acknowledges and agrees
that this Sublicense Agreement and Sublicensee's rights hereunder, arc subject in all respects to the terms and conditions of the
Westinghouse Agreements. Sublicensee agrees to comply with and be bound by all general terms and conditions of the Westinghouse
Agreements, including but not limited to, Sublicensors' obligations under Sections 2, 3, 4, 5, 6.1 (including such provisions
of Sections 6.1.8 and its subsections), 7.1, 9 and 13.0 of the License Agreement. Sublicensors and Sublicensee agree that Westinghouse
is an express beneficiary to this Sublicense Agreement, with the right to enforce the terms and conditions of this Sublicense Agreement
as if Westinghouse were the Sublicensors hereunder. Sublicensee further agrees that this Sublicense Agreement shall terminate immediately
and without action on the part of Sublicensors or Sublicensee in the event of a termination of the Westinghouse Agreements.

 

3.0 - RESPONSIBILITIES
OF SUBLICENSEE

 

3.1          Prior
to any use of any Marks, Sublicensee shall, at Sublicensee's expense, submit to Westinghouse and
Sublicensors, for Westinghouse's and Sublicensors' written approval, the following: (a) two (2) specimens of each design of Product
on which said Marks are to appear (the “Specimens”); (b) independent consumer product
safety and performance test reports, or their equivalent in Australia, for each Product (“Test Reports”);
(c) all artwork which Sublicensee intends to use in connection with the Marks; and (d) all relevant packaging, advertising
and promotional literature which Sublicensee intends to use in the marketing or merchandising of the Products. Sublicensors shall
give Sublicensee written notice of approval or disapproval within forty-five (45) days from its receipt of the Specimens, artwork,
packaging, advertising and/or promotional literature, and should Sublicensors disapprove, their written notice shall explain in
detail the reasons for disapproval so that Sublicensee may prepare and submit new Specimens, artwork, packaging, advertising and/or
promotional literature. In the event that Sublicensors fails to notify Sublicensee of approval or disapproval within seventy-five
(75) days from receipt, the relevant Specimen, artwork, packaging, advertising and/or promotional literature shall be deemed
approved by Sublicensors and Westinghouse. After Sublicensors have given their written approval (or such approval is deemed to
have been given as aforesaid), then the approved Product, quality, packaging, advertising and promotional literature shall be
the standard for the relevant design of Product produced thereafter (the “Approved Quality”).
Thereafter, consecutively at twelve (12) month intervals, Sublicensee shall, at Sublicensee's
expense, submit to Sublicensors Test Reports for not less than two (2) randomly selected production run samples (“Sample”)
of each design of the Products as well as two (2) Samples of each design of the Products. Sublicensee shall obtain Sublicensors'
prior approval on any new design of Product on which the Marks will he used. Without the prior written approval of Sublicensors,
Sublicensee shall not sell or distribute any design of Product which deviates from the Approved Quality. Products or any component
thereof not meeting the Approved Quality, including “second and irregulars,” are not to be sold or distributed under
any circumstances without Sublicensors' prior written consent. Notwithstanding the foregoing, provided Sublicensee gives Sublicensors
prior notice, Sublicensee may from time to time revise packaging for the Products solely to include or change statements or other
information which may be required by the rules of the Underwriters' Laboratories, Inc. or laws or regulations of any jurisdiction
where the Products are sold.

 

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EXECUTION VERSION

 

3.2          Sublicensee agrees that, prior to
making any use of “Westinghouse Solar” as part of the Sublicensee Trade Name, it shall obtain the approval of
Westinghouse and Sublicensors of the form, presentation and manner of the use of “Westinghouse Solar” which
Sublicensee proposes to put into effect on its letterhead, business cards, invoices, purchase orders, advertisements, promotional
and marketing materials, and other written materials that it may propose to use in its Business operation. For this purpose, Sublicensee
shall submit to Sublicensors, complete information of any proposed use of “Westinghouse Solar” which has not
already been approved in writing, including such models, photographs, designs to scale and other information as Sublicensors may
request, and Licensee shall refrain from so using “Westinghouse Solar” until Sublicensors have given its approval
in writing to such proposed use.

 

3.3          Sublicensors, at their own expense,
have the right at reasonable times and after reasonable notice to Sublicensee to inspect all manufacturing facilities, warehouses
and other facilities directly related to the Products. Sublicensee agrees to cooperate with Sublicensors in carrying out such inspections
including, without limitation, providing access to the facilities of Sublicensee's manufacturers, contractors and suppliers.

 

3.4          Sublicensee shall import, design,
manufacture, advertise, promote (through dealers co-op funding or otherwise), ship and sell the Products and shall continuously
and diligently procure and maintain facilities and trained personnel sufficient and adequate to accomplish the foregoing. Sublicensee
shall import, design, cause the manufacture of, advertise and promote the Products so that each of the Products fulfills the following
criteria: (i) they are not designed, manufactured or marketed as lowest price point products; (ii) they are priced to customers
as above the lowest price points for such products and are so called mid or upper price point level products marketed in the Territory;
(iii) they have manufacturing, design, quality, and additional features that are similar to the products marketed by others in
the Territory that are commonly perceived in the solar panel business as mid or upper price point level products and, for example,
are approximately equivalent in quality to and expected to be approximately as expensive in the consumer market as other branded
products in the solar panel business that might compete with the Products within the Territory. Sublicensee shall not create a
retail exclusive arrangement including the Products without the prior written consent of Sublicensors.

 

3.5          Sublicensee
agrees to inform Sublicensors of the details of the use of the Marks, including graphics, position, size, color, script and
the like, and Sublicensors reserve the right to inspect and to approve the use of the Marks.

 

3.6           Sublicensee shall refrain from and shall
not authorize others to use or misuse the Marks so as to bring discredit to Westinghouse or Sublicensors, provided, however, that
in no event shall the foregoing be construed to permit sublicensing of the Marks by Sublicensee.

 

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EXECUTION VERSION

 

3.7           Sublicensee
agrees that all use of the Marks by Sublicensee under this Sublicense Agreement inures to the benefit of Westinghouse and the
Sublicensors acknowledges the same. Sublicensee agrees that at the termination or expiration of this Sublicense Agreement, Sublicensee
will be deemed to have assigned, transferred and conveyed to Westinghouse any rights, equities, good will, titles or other rights
in and to the Marks which may have been obtained by Sublicensee or which may have vested in Sublicensee in pursuance of endeavors
covered hereby, and that Sublicensee will execute any instrument reasonably requested by Westinghouse to accomplish or confirm
the foregoing. Any such assignment, transfer or conveyance shall be without other consideration than the mutual covenants and
considerations of this Sublicense Agreement and shall be approved by the Sublicensors.

 

3.8            Sublicensee agrees to comply with any
laws, rules and/or regulations with regard to the use of the Marks including, but not limited to, any county, state and/or federal
law of the Territory. All Products must be UL-approved.

 

3.9            Sublicensee shall not apply for the
registration of, or cause the filing of an application for the registration of, a trade name, trademark or service mark which is
identical to or confusingly similar to the Marks.

 

3.10          Sublicensee shall promptly notify Sublicensors
of any infringement or potential infringement of the Marks that come to its attention. Sublicensee will cooperate with Sublicensors
and Westinghouse, at Sublicensors’ request, in taking steps to terminate such infringement. However, Sublicensee shall not take
any legal action to protect against any infringement of the Marks without Sublicensors' permission. Sublicensors shall not be required
to bring or prosecute actions or suits to defend the Marks. Any and all damages recovered in any action or proceeding commenced
by Westinghouse shall belong solely and exclusively to Westinghouse.

 

3.11           Sublicensee acknowledges and
agrees that any unauthorized use or misuse of the Marks by or for Sublicensee will result in irreparable harm to Sublicensors
and Westinghouse and that Sublicensors, in addition to any other rights or remedies specified in this Sublicense Agreement,
shall be entitled to any remedy, legal or equitable, including without limitation preliminary injunctive relief, to correct
any harm which results from such violation.

 

3.12           Sublicensors may develop, with input
and advice from Sublicensee, an annual marketing plan and budget for the marketing of Products under the Marks. During the Term,
upon the request of Sublicensors, Sublicensee shall contribute to the cost of the annual marketing budget established by Sublicensors
in an amount mutually agreed between the parties and upon Sublicensors’ request copies of invoices showing proof of these expenditures
shall be furnished to Sublicensors.

 

3.13           Sublicensee agrees to meet with Sublicensors
at least once per year to review and discuss advertising and promotion plans for the Products.

 

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EXECUTION VERSION

 

3.14          
During the Term of this Sublicense Agreement, Sublicensee shall not (i) enter into  an
agreement with a third party for products or (ii) design, manufacture, source the manufacture, advertise, sell or ship
products, in each case that would compete with the Products, except that this Section 3.14 shall not apply to retailer or
distributor owned house brands and Sublicensee's own brands.

 

3.15           Intentionally omitted.

 

3.16           Sublicensee shall establish a customer
service operation to handle consumer inquiries, complaints and claims in the Territory. At a minimum, such operation shall include:
(i) a toll-free telephone number that is staffed to receive and respond to calls during normal business hours for ten (10) hours
each day in the Territory in which Sublicensee is currently selling Products for 235 days a year; (ii) an internet website that
permits consumers to email inquiries, complaints and claims and is adequately staffed to respond to such emails within 48 hours
of receipt; and (iii) a management level representative who is available to respond to escalated consumer inquiries, complaints
and claims within 48 hours of receipt. Sublicensee shall monitor the consumer service operations to assure that consumer inquiries,
complaints and claims are resolved promptly in a courteous and professional manner.

 

3.17           Sublicensors agrees that during the
Term of this Sublicense Agreement, it will not enter into a sublicense agreement which authorizes another party to use the Marks
on a product, in a trade name, or service similar in nature to the Products.

 

4.0 - COMPENSATION

 

4.1          During
the Term, Sublicensee agrees to pay Sublicensors a royalty in an amount equal to 1.5% of NIP. This royalty will accrue on a daily
basis and shall be payable in two installments, the first of which shall be payable on July 31, 2013, while the second of which
shall be payable on the earlier of: (i) October 31, 2013; or (ii) the date on which this Sublicense Agreement shall terminate
for any reason (including, but not limited to, a termination of the Term due to the occurrence of the merger between the
parties).

 

4.2-4.5    Intentionally omitted.

 

4.6          Sublicensee shall keep full,
true and accurate books of account containing all particulars which may be necessary for the purpose of determining the royalty
amount payable to Sublicensors under this Sublicense Agreement in accordance with Section 4.1. Said books and the supporting data
shall be open at all reasonable times, for three (3) years following termination of this Sublicense Agreement, to an inspection,
on a confidential basis, by an independent certified public accountant retained by Sublicensors, at Sublicensors' expense, for
the purposes of verifying Sublicensee's royalty payments, and Sublicensee's compliance in other respects with this Sublicense Agreement.
If such inspection and resulting report indicate an underpayment by Sublicensee, Sublicensee shall immediately pay such amount
to Sublicensors with interest at prime rate as established by J.P. Morgan Chase or any successor, at the time of the inspection,
and in such case the Sublicensee shall also bear all costs of the inspection. If such inspection and resulting report indicate
an overpayment by Sublicensee, Sublicensors shall immediately pay such overpaid amount to Sublicensors.

 

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EXECUTION VERSION

 

4.7          By
July 25 and October 25 of 2013, Sublicensee shall deliver to Sublicensors true and accurate report certified by an
officer of Sublicensee, giving such particulars of the business conducted by Sublicensee hereunder during the preceding
calendar quarter under this Sublicense Agreement as arc pertinent to an accounting under this Sublicense Agreement. These
shall include at least the following:

 

		(1)	the number and type of Products sold;

		(2)	minimum annual payments due; and

		(3)	total payments due.

 

Concurrently with the delivery of
each such report, Sublicensee shall pay to Sublicensors any royalty amounts due for the period covered by such report. If no
payments are due, it shall be so reported. In addition, within thirty (30) days of execution of this Sublicense Agreement,
Sublicensee shall report and pay over to Sublicensors all amounts due under this Sublicense Agreement from the Effective Date
including without limitation all royalties or other compensation.

 

4.8          Sales of Products in
currencies other than United States dollars shall be converted to United States dollars at the conversion rate stated in the
Wall Street Journal for the day prior to the date payment is made to Sublicensee by the purchaser.

 

4.9          All payments made hereunder by
Sublicensee shall be made payable to “Westinghouse Solar, Inc.” in immediately available United States funds and
delivered to:

 

Westinghouse Solar, Inc.

Attn.: Margaret Randazzo, CEO and CFO

1475 S. Bascom Avenue, Suite 101

Campbell, CA 95008

 

5.0 - OWNERSHIP
OF THE LICENSED MARKS

 

5.1          Sublicensee
acknowledges that the Marks, worldwide, are the property of Westinghouse and that Westinghouse has substantial and valuable
goodwill in the Marks. Sublicensee shall take all reasonable measures to maintain and protect Westinghouse's proprietary
rights including placing any reasonable notice of such ownership that Sublicensors shall reasonably require and advise
Sublicensee in writing from time to time. At no cost to Sublicensee, it shall cooperate fully and in good faith with
Sublicensors and Westinghouse for the purpose of securing and preserving Westinghouse's rights in and to the Marks. At no
cost to Sublicensee, it shall execute any documents reasonably required by Sublicensors or Westinghouse to protect the Marks.
Sublicensee shall not take any action, or by its knowing inaction allow any event to occur, which would injure or impair
Westinghouse's proprietary rights in and to the Marks. Sublicensee shall not contest the validity of the Marks or any rights
of Westinghouse therein, nor shall Sublicensee willingly become an adverse party in litigation in which others shall contest
the Marks or Westinghouse's said rights. In addition thereto, Sublicensee shall not in any way seek to avoid its obligations
hereunder because of the assertion  or
allegation by any persons, entities or government agencies, bureaus, or instrumentalities that the Marks, or any of them, are
invalid or ineffective or by reason of any contest concerning the rights of Westinghouse therein.

 

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EXECUTION VERSION

 

5.2          Sublicensee shall indicate on all
Product packaging and, related advertising materials that the Products are distributed by or for Sublicensee.

 

5.3          Sublicensee shall comply with proper
use instructions as Sublicensors or Westinghouse may issue from time to time with respect to the Marks.

 

6.0
- QUALITY CONTROL

 

6.1          Sublicensee shall offer for sale
under the Trade Name only Products which shall be of the quality and nature specified in this Sublicense Agreement.

 

6.2          Sublicense
undertakes and agrees to use the Trade Name in the Territory only in connection with the Business relating to Products sold
in strict accordance with Section 6.1 and will not market under the Trade Name any Products or other products which are not
in accordance with such provisions.

 

6.3          Sublicensee
acknowledges that breach of Section 6.1, not cured in accordance with Section 10.5, will
result in irreparable harm to Sublicensors and that Sublicensors, in addition to any other rights or remedies specified in
this Sublicense Agreement, shall be entitled to any remedy, legal or equitable, including without limitation preliminary
injunctive relief, to correct any harm which results from such violation.

 

7.0
- REPRESENTATIONS WARRANTIES AND COVENANTS

 

7.1          Sublicensee
represents, warrants and covenants to Sublicensors as follows:

 

7.1.1    Sublicensee will not use the Marks
and has not and will not grant any right or license to use the Marks other than as authorized under this Sublicense Agreement.

 

7.1.2    Sublicensee will not use “Westinghouse”
in a trade name other than as expressly authorized by this Sublicense Agreement and has not and will not grant any right or
license to use “Westinghouse” in a trade name.

 

7.1.3    Sublicensee
is duly organized, validly existing and in good standing under the laws of Australia. Sublicensee
has all corporate power and authority to execute and deliver this Sublicense Agreement and to perform its obligations hereunder.

 

7.1.4    The execution, delivery and performance
by Sublicensee of this Sublicense Agreement and the consummation of the transactions contemplated hereby has been duly and validly
authorized by all requisite corporate action, and no other corporate act or proceeding on the part of Sublicensee is necessary
to authorize the execution, delivery and performance of this Sublicense Agreement and the consummation of the transactions contemplated
hereby

 

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EXECUTION VERSION

 

7.1.5    Sublicensee is not subject to, nor
obligated under its certificate of incorporation or bylaws, any applicable law, rule or regulation of any governmental authority,
or any agreement, instrument, license or permit, or subject to any order, writ, injunction or decree, which would be breached or
violated by its execution, delivery or performance of this Sublicense Agreement.

 

7.1.6    Sublicensee's execution and delivery
of this Sublicense Agreement and performance of its obligations hereunder, including the obligation to make payments hereunder,
do not and will not conflict with, violate, or result in any default under any agreement, instrument or other contract to which
Sublicensee is a party or by which it is bound.

 

7.1.7    There are no claims, actions, suits,
or other proceedings pending, or to the knowledge of Sublicensee, threatened, which, if adversely determined, would adversely affect
the ability of Sublicensee to consummate the transactions contemplated by this Sublicense Agreement or perform its obligations
hereunder.

 

7.1.8    Sublicensee is now in compliance with
and shall continue to comply with all applicable laws and regulations relating to the importing, assembly, sale and distribution
of the Products.

 

7.1.9    Sublicensee will comply with all applicable
laws and regulations relating to the use of the Trade Name.

 

7.1.10  Without cost to Sublicensors, Sublicensee
shall maintain insurance that protects Sublicensors and Westinghouse and their respective officers, directors, employees, agents
and their parent companies, affiliates and their officers, employees and agents against any and all liability regardless of the
basis, including punitive or exemplary damages in connection with (a) Sublicensee's use of the Marks, (b) any alleged defect(s)
in the Products, and (c) the use, assembly, distribution, marketing, sale, service, or disposal of the Products including without
limitation any alleged negligent or other tortious conduct on the part of Sublicensors or Westinghouse or any alleged contractual
liability of Sublicensors or Westinghouse. The kinds and amounts of insurance shall be as Sublicensors and Sublicensee from time
to time agree, and at a minimum shall include the following:

 

7.1.10.1          Sublicensee
shall maintain in effect for at least the life of all the Products assembled, distributed or serviced by or for Sublicensee, liability
insurance, written on an occurrence basis, with limits of at least Ten Million U.S. Dollars ($10,000,000) per occurrence, or in
years 2013 and later, such higher amount as may be reasonable considering legal or economic changes as well as deteriorating loss
experience. The insurance will cover at least the liabilities typically insured by commercial general liability policies (including
products/completed operations, advertising liability). In addition, to the extent required by Westinghouse (and if such cover
is available), Sublicensee shall provide and maintain patent infringement liability policies with such limit as required by Westinghouse.
Sublicensors and Westinghouse shall each be an additional insured on such policies, which shall contain severability of interest
or cross liability clauses.

 

    	11

    	 

    

 

EXECUTION VERSION

 

7.1.10.2          All insurance shall be provided
by insurance companies, on policy forms, and with deductibles and retentions acceptable to Sublicensors, such acceptance not to
be unreasonably withheld. Any such deductible or retention shall be the responsibility of Sublicensee.

 

7.1.10.3          Such insurance or risk financing
arrangements shall be primary with no rights of contribution equitable or otherwise, with any other insurance afforded Sublicensors.

 

7.1.10.4          Sublicensee shall furnish
Sublicensors with certificates of insurance currency within thirty (30) days after execution of this Sublicense Agreement, and
annually thereafter. Such certificates will stipulate that coverage will not be canceled, reduced, or modified without thirty (30)
days prior written notice to Sublicensors. Any cancellation, reduction or modification, without the prior written consent of Sublicensors,
which results in there not being in force insurance coverage which satisfies all the requirements of Section 7.1.10, including
all its subsections, shall be deemed a material breach of this Sublicense Agreement.

 

7.1.10.5          At reasonable times on advance
written notice to Sublicensee, Sublicensors may review the insurance policies at Sublicensee's offices.

 

7.1.10.6          The requirements of this
Section 7.1.10 will survive this Sublicense Agreement, and will remain in effect for at least the life of all the Products imported,
assembled, distributed, or serviced by or for Sublicensee.

 

7.2          Sublicensors (jointly and severally)
represent, warrant and covenant to Sublicensee as follows:

 

7.2.1 Sublicensors are corporations duly
organized, validly existing and in good standing under the laws of the State of Delaware. Sublicensors have all corporate power
and authority to execute and deliver this Sublicense Agreement and to perform their obligations hereunder.

 

7.2.2 The execution, delivery and
performance by Sublicensors of this Sublicense Agreement and the consummation of the transaction contemplated hereby has been
duly and validly authorized by all requisite corporate action, and no other corporate act or proceeding on the part of
Sublicensors is necessary to authorize the execution, delivery and performance of this Sublicense Agreement and the
consummation of the transaction contemplated hereby.

 

7.2.3 Sublicensors are not subject to nor
obligated under its certificate of incorporation or bylaws, any applicable law, rule or regulation of any governmental authority,
or any agreement, instrument, license or permit, or subject to any order, writ, injunction or decree, which would be breached or
violated by its execution, delivery or performance of this Sublicense Agreement.

 

    	12

    	 

    

 

EXECUTION VERSION

  

7.2.4 Sublicensors have been granted an
exclusive license by Westinghouse and, to Sublicensors' knowledge, the use of the Marks in the manufacture, advertising, sale and
promotion of any of the Products will not infringe any intellectual property or any other rights of any third party.

 

7.2.5 Sublicensors have all rights, power
and consents to license the matters set out herein to the Sublicensee.

 

8.0
- INDEMNIFICATION

 

8.1          Sublicensee
and its successors and assigns will at all times indemnify and hold Sublicensors and Westinghouse and their respective affiliates,
subsidiaries, successors and assigns and the officers, directors, agents and employees of each, harmless from and against any
and all third-party claims, suits, demands, obligations and liabilities of any nature whatsoever, and all damages, losses, fines,
penalties, costs and expenses, including reasonable counsel fees and costs of investigations, in any manner arising out of, relating
to or based on (a) any breach or alleged breach by Sublicensee of any representation, warranty or undertaking made herein; or
(b) except as expressly provided in Section 8.2 below, Sublicensee's use of the Marks, including without limitation (i) any defect
(latent or patent) or alleged defect (latent or patent) in Products, including without limitation, any injuries to persons or
property arising therefrom; (ii) the design, manufacture, distribution, promotion or sale of any Product; or (iii) infringement
or alleged infringement of any third party intellectual property rights, including but not limited to patents, copyrights, or
trademarks and/or misappropriation of any trade secrets (each a “Sublicensor Indemnified Claim”).
Sublicensors shall give prompt written notice of any Sublicensor Indemnified Claim, provided
that the failure of a Sublicensor to give such notice shall not relieve Sublicensee of any of its obligations under this Section
8.1 except to the extent that Sublicensee is actually prejudiced by such failure. If Sublicensee gives timely notice to Sublicensors
that it desires to control the defense of any such Sublicensor Indemnified Claim, it may do so; provided, however, that
in the event that Sublicensors reasonably determines that a conflict exists between Sublicensee and itself, or in Sublicensors’
reasonable judgment, Sublicensee fails to provide an adequate defense, then Sublicensors may, at Sublicensee’s expense, retain
its own counsel to represent its interests. Sublicensors shall provide cooperation and assistance to Sublicensee relative to any
Sublicensor Indemnified Claim. For any Sublicensor Indemnified Claim in which Sublicensee is controlling
the defense pursuant to this Section 8.1, Sublicensee shall be responsible for and pay any settlement made with its consent. Any
such settlement shall fully release the indemnified party. For any Sublicensor Indemnified Claim in which Sublicensee is not controlling
the defense pursuant to this Section 8.1, Sublicensee shall be responsible and pay for any settlement made in good faith by Sublicensors.

 

    	13

    	 

    

 

EXECUTION VERSION

 

8.2          Sublicensors
and their successors and assigns will at all times indemnify and hold Sublicensee, and its respective officers, directors and
employees harmless from and against any and all third party claims, demands and liabilities of any nature whatsoever, and all
damages, costs and expenses, including reasonable counsel fees and costs of investigations, arising out of, relating to or based
on any breach or alleged breach by Sublicensors of any representation, warranty or undertaking made herein (each a “Sublicensee
Indemnified Claim”). Sublicensee shall give prompt written notice of any Sublicensee Indemnified Claim,
provided that the failure of Sublicensee to give such notice shall not relieve Sublicensors of any of its obligations under this
Section 8.2 except to the extent that Sublicensors are actually prejudiced by such failure. If Sublicensors gives timely notice
to Sublicensee that they desire to control the defense of any such Sublicensee Indemnified Claim, it may do so; provided, however,
that in the event that Sublicensee reasonably determines that a conflict exists between Sublicensors and itself, or in Sublicensee's
reasonable judgment, Sublicensors fails to provide an adequate defense, Sublicensee may, at Sublicensors' expense, retain its
own counsel to represent its interests. Sublicensee shall provide cooperation and assistance to Sublicensors relative to any Sublicensee
Indemnified Claim. For any Sublicensee Indemnified Claim in which Sublicensors are controlling the defense pursuant to this Section
8.2, Sublicensors shall be responsible for and pay any settlement made with its prior written consent. Any such settlement shall
fully release the indemnified party. For any Sublicensee Indemnified Claim in which Sublicensors are not controlling the defense
pursuant to this Section 8.2, Sublicensors shall be responsible for and pay any settlement made in good faith by Sublicensee.

 

8.3          The
provisions of Section 8.1 and Section 8.2 shall survive termination, cancellation or expiration of this Sublicense Agreement
for any reason whatsoever.

 

9.0
- DISCLAIMERS

 

9.1          Nothing contained in this Sublicense
Agreement shall be construed as:

 

9.1.1      (Except as provided in Article 7.0)
A WARRANTY WHETHER STATUTORY, EXPRESSED OR IMPLIED, A WARRANTY OF MERCHANTABILITY, A WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE,
OR A WARRANTY ARISING FROM COURSE OF DEALING OR USAGE OF TRADE; 

 

9.1.2      an agreement to bring or prosecute
actions or suits against third parties or conferring any right to bring or prosecute actions or suits against third parties;

 

9.1.3      conferring any right to use in advertising,
publicity, or otherwise, any trademarks, service marks, trade name or name of Westinghouse, or any contraction, abbreviation or
simulation thereof, except as specifically permitted in this Sublicense Agreement; or

 

9.1.4      a warranty that Sublicensee will be
able to make use of the Trade Name in the Territory.

 

10.0
– TERM TERMINATION AND EXPIRATION

 

10.1          The
term of this Sublicense Agreement (the “Term”) shall commence
on the Effective Date and expire on the earlier of: (i) September 30, 2013 at midnight Eastern Standard Time in the United States
of America; (ii) the date of completion of the merger between the Sublicensors and Sublicensee; and (iii) the date on which the
Westinghouse Agreements terminate (for any reason).

 

    	14

    	 

    

 

EXECUTION VERSION

 

10.2          Intentionally omitted.

 

10.3          In addition to any other remedies
that it may have, Sublicensors may elect to terminate this Sublicense Agreement upon thirty (30) days’ prior written notice
to Sublicensee if:

 

10.3.1 Intentionally omitted.

 

10.3.2 in
Sublicensors’ or Westinghouse’s reasonable judgment Sublicensee does not meet established quality standards for the Products
set forth in Section 3.1;

 

10.3.3 in Sublicensors’ or Westinghouse’s
good faith judgment Sublicensee’s use or misuse of the Marks may bring discredit to Sublicensors or Westinghouse;

 

10.3.4 Intentionally omitted.

 

10.3.5 Sublicensee fails to make timely
payments due to Sublicensors under this Sublicense Agreement;

 

10.3.6 subject to Section 10.1, the
Westinghouse Agreements terminate for any reason;

 

10.3.7 any proceeding is instituted by or
for Sublicensee for bankruptcy, reorganization or other relief for debtors. Upon such termination for any reason under this Subsection
10.3.7, Sublicensee, its receiver, representatives, trustees, agents, administrators, successors and assigns shall have no further
rights hereunder, and neither this Sublicense Agreement nor any right or interest herein shall be deemed an asset in any insolvency,
receivership, and/or bankruptcy;

 

10.3 .8 any proceeding is instituted by
or for Sublicensee to dissolve its corporate structure or for winding-up; or

 

10.3.9 Sublicensee directly or indirectly,
merges or otherwise comes under the shared or sole control or direction of any other party reasonably unacceptable to Sublicensors
or Westinghouse. The merger between W-Solar and Sublicensee will not constitute such an event contemplated by this Subsection 10.3.9.

 

10.4 Intentionally omitted.

 

10.5          In the event of an alleged material
breach by either party of any of the terms of this Sublicense Agreement, the party suffering such breach shall give notice to the
other, in writing, thereof, specifying the type and circumstances pertaining to such breach in form sufficient to enable opportunity
for correction thereof by the party allegedly in breach. If such breach shall not have been remedied during a thirty (30) day period
immediately following the receipt of such notice, in addition to any other remedies that it may have, the party giving said notice
shall have the right to terminate this Sublicense Agreement without further notice. In the event that the breach is remedied within
such thirty (30) day period, this Sublicense Agreement shall continue in full force and effect the same as if no notice had been
given. Waiver by any party of its right to terminate because of any one breach shall not constitute a waiver of any subsequent
breach of the same or of a different nature. No termination of this Sublicense Agreement by expiration or otherwise shall relieve
or release any party from any of its obligations hereunder with respect to royalties due or acts committed under this Sublicense
Agreement.

 

    	15

    	 

    

 

EXECUTION VERSION

 

10.6          Upon any expiration or termination
of this Sublicense Agreement:

 

10.6.1 all licensing rights granted to Sublicensee
hereunder terminate at such expiration or termination;

 

10.6.2 Sublicensee shall immediately discontinue
any and all use of the Marks but shall be permitted to sell remaining stock of Products carrying such Marks within twelve (12)
months. Sublicensors shall be entitled to receive royalties on the sale of such stock in accordance with Section 4.1. After the
expiration of the aforesaid twelve (12) month period, Sublicensee shall destroy all Product and packaging and promotional material
remaining in Sublicensee’s possession which are identified in any manner by or with the Marks. Notwithstanding the above, Sublicensors
shall have the right to purchase such excess stock of Products, in whole or in part, prior to any sale or offer of sale by Sublicensee
to any third party, for an amount equal to the wholesale cost of such Products plus any additional costs incurred by the Sublicensee.
It is specifically understood and agreed that the Sublicensee's right to dispose of stock of products shall be conditioned upon
the absence of harm to the Marks and/or the reputation of Sublicensors arising from the Sublicensee's use of the Marks, as determined
by Sublicensors in their sole discretion;

 

10.6.3 the expiry or withdrawal of Sublicensee's
right to use the Marks shall not entitle Sublicensee to compensation or damages of any description other than as provided in Section
10.5;

 

10.6.4 all accrued payments to Sublicensors
shall be paid to Sublicensors within thirty (30) days of such expiration or termination;

 

10.6.5 all monies previously paid to Sublicensors
pursuant to this Sublicense Agreement will be retained by Sublicensors; and

 

10.6.6 the provisions of Sections 8.0 and
10.0 shall survive.

 

11.0 —
MINIMUM SALES

 

Intentionally omitted.

 

    	16

    	 

    

 

EXECUTION VERSION

 

12.0 - EFFECTIVE
DATE

 

12.1 The provisions contained in this Sublicense
Agreement shall come into force and effect on the later of the dates upon which the parties sign and date this Sublicense Agreement
on the execution page below (the “Effective Date”).

 

13.0 - CHOICE
OF LAW

 

13.1 This Sublicense Agreement shall be
construed, interpreted and governed in accordance with the laws of the State of New York.

 

13.2 The parties hereby agree that any action
arising out of this Sublicense Agreement shall be brought exclusively in the state or federal courts located in the City of New
York, irrevocably submit to the exclusive jurisdiction of any such court and waive any objection that such party may now or hereafter
have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient
court and agree not to plead or claim the same.

 

14.0- NOTICE

 

14.1 Any notice, request or statement hereunder
shall be deemed to be sufficiently given or rendered when sent by certified U.S. mail, nationally recognized overnight mail service,
facsimile (with confirmation and a copy sent by U.S. mail) or hand delivery if given or rendered to Sublicensee addressed to:

 

The Sublicensee

CBD Energy Limited

Attn: Richard Pillinger

CFO and Company Secretary

Level 12, 11-17
Macquarie Place

Sydney NSW 2000 Australia

Email: rpillinger@cbdenergy.com.au

 

The Sublicensors

Westinghouse Solar, Inc.

Attn.: Margaret Randazzo, CEO and CFO

1475
S. Bascom Avenue, Suite 101

Campbell, CA 95008

Email: mrandazzo@westinghousesolar.com

 

or, in any case, to such changed address
or person as Sublicensors or Sublicensee shall have specified by written notice pursuant hereto.

 

15.0 - ASSIGNMENT/SUBCONTRACTING

 

15.1 None of the parties shall assign this
Sublicense Agreement in whole or in part without the prior written consent of the other parties.

 

    	17

    	 

    

 

EXECUTION VERSION

 

15.2
Other than as set out in this Sublicense Agreement, Sublicensee shall not enter into subcontracts for the manufacture of
Products without the express written consent of Sublicensors. Sublicensee is responsible for the work of any subcontractor
and for any debts, obligations or liabilities incurred by any such subcontractor in connection with the Products. Sublicensee
shall discontinue using any subcontractor who shall fail to comply with quality standards and/or delivery schedules required
by Sublicensee or Sublicensors.

 

16.0-
MERGER

 

16.1          This
instrument sets forth the entire and only agreement between the parties hereto as to the subject matter hereof reflects and merges
all pertinent prior discussions and correspondence pertaining thereto, and supersedes and cancels all pre-existing agreements
pertaining thereto between them, Any representation, promise, definition, warranty or condition pertaining thereto and not incorporated
herein, shall not be binding upon any party. This instrument shall not become effective unless and until dated and signed below
on behalf of each of the parties by their duly authorized officers or representatives. This instrument and its appendices may
not be modified, enlarged, or changed in any way hereafter except by an instrument signed by each of the parties hereto,

 

17.0
- REPORTING OF ADVERSE EVENTS

 

17.1          Sublicensee
shall report to Sublicensors, within forty-eight (48) hours from receipt of the information, any materially adverse event that
is reported to occur as a result of use of any of the Products. Such events must be reported in as much detail as possible, whether
or not there is proof of a causal connection between the events and use of the Products. A materially adverse event includes any
experience relating to the Products which is reasonably regarded to be seriously detrimental to person or property in any manner.

 

18.9 —Reserved.

 

19.0
- RELATIONSHIP OF PARTIES

 

19.1 The relationship hereby established
between Sublicensee and Sublicensors is solely that of independent contractors. This Sublicense Agreement shall not create an agency,
partnership, joint venture or employer/employee relationship, and nothing hereunder shall be deemed to authorize any party to act
for, represent or bind another except as expressly provided in this Sublicense Agreement.

 

20.0
— AGENTS, FINDERS AND BROKERS

 

20.1 Each of the parties to this Sublicense
Agreement shall be responsible for the payment of any and all agent, brokerage and/or finder commissions, fees and related expenses
incurred by it in connection with this Sublicense Agreement or the transactions contemplated hereby
and agrees to indemnify the other and hold it harmless from any and all liability (including, without limitation, reasonable attorney's
fees and disbursements paid or incurred in connection with any such liability) for any agent,
brokerage and/or finder commissions, fees and related expenses claimed by its agent, broker or finder, if any, in connection with
this Sublicense Agreement or the transactions contemplated hereby.

 

    	18

    	 

    

 

EXECUTION VERSION

 

21.0 —
CONFIDENTIALITY

 

21.1 For purposes of this Sublicense Agreement,
“Confidential Information” means all information disclosed by any party to another party, including
the terms and conditions of this Sublicense Agreement or any other agreement between the parties, trade secrets of the parties,
any nonpublic information relating to a party's product plans, designs, ideas, concepts, costs, prices, finances, marketing plans,
business opportunities, personnel, research, development or know-how and any other nonpublic technical or business information
of a party, or other information designated in writing as Confidential Information by the disclosing party. Confidential Information
does not include information that: (i) is now or subsequently becomes generally available to the public through no fault or breach
on the part of the receiving party; (ii) the receiving party can demonstrate to have had lawfully in its possession without an
obligation of confidentiality prior to disclosure hereunder; (iii) is independently developed by the receiving party without the
use of any Confidential Information of the disclosing party as evidenced by written documentation; or (iv) the receiving party
lawfully obtains from a third party who has the right to transfer or disclose it and who provides it without any obligation to
maintain the confidentiality of such information.

 

21.2 Each party agrees that it will (a)
not disclose, without the other parties' prior written consent, another party's Confidential Information to any third party (other
than a party's legal and financial advisors); (h) use another party's Confidential Information only to the extent necessary to
perform its obligations or exercise its rights under this Sublicense Agreement; (c) disclose another party's Confidential Information
only to those of its employees, and legal and financial advisors who need to know such information for purposes of the company's
business activities and who are bound by confidentiality obligations no less restrictive than this Article 21; and (d) protect
all Confidential Information of another party from unauthorized use, access, or disclosure in the same manner as it protects its
own confidential information of a similar nature, and in no event with less than reasonable care.

 

21.3 If the receiving party receives notice
that it may be required or ordered to disclose any Confidential Information in connection with legal proceedings or pursuant to
a subpoena, order or a requirement or an official request issued by a court of competent jurisdiction or by a judicial, administrative,
legislative, regulatory or self-regulating authority or body, it shall cooperate with the other relevant party to seek confidential
treatment of such Confidential Information and shall uses its best efforts to give the disclosing party sufficient prior written
notice in order to contest such requirement or order. Nothing herein shall be construed to impose any obligation to disclose any
Confidential Information. If this Sublicense Agreement or any of its terms or any other Confidential Information must be disclosed
in connection with legal proceedings or pursuant to a subpoena, order or a requirement or an official request issued by a court
of competent jurisdiction or by a judicial, administrative, legislative, regulatory or self regulating authority or body, the disclosing
party shall (i) first give written notice of the intended disclosure to the other parties, within a reasonable time prior to the
time when disclosure is to be made, (ii) consult with the other parties on the advisability of taking steps to resist or narrow
such request, and (iii) if disclosure is required or deemed advisable, cooperate with the other parties in any attempt that it
may make to obtain an order or other reliable assurance that confidential treatment will be accorded to designated portions of
the Confidential Information or otherwise be held in the strictest confidence to the fullest extent permitted under the laws, rules
or regulations of any other applicable governing body.

 

    	19

    	 

    

 

EXECUTION VERSION

 

21.4 Each party will, except to the extent
inconsistent with (i) its use in connection with legal proceedings; or (ii) applicable law, regulations, rules or official requests,
at the disclosing party's election, destroy or return to the other relevant party any tangible copies of the disclosing party's
Confidential Information, and permanently delete all electronic copies of the disclosing party's Confidential Information, in such
party's possession or control at the request of the other party and upon termination of this Sublicense Agreement, and will certify
in writing to the other relevant disclosing party that it has done so.

 

22.0 - CODE
OF CONDUCT

 

22.1 Sublicensee agrees, on its own behalf
and on behalf of any third-party manufacturer it uses, wherever located, no child labor will be used in the performance of this
Sublicense Agreement whatsoever. For this purpose, a “child” shall refer to any person younger than 16 or, if higher,
the local legal minimum age for employment or the age for completing compulsory education: Manufacturers employing young persons
who do not fall within the definition of “children” will also comply with any laws and regulations applicable
to such persons. Additionally, all employees will be provided with a safe and healthy workplace environment, and all employees
will work on a voluntary basis, and shall not be subject to physical or mental punishment of any kind.

 

22.2 Sublicensee and all of its manufacturers
shall respect the rights of employees to associate, organize and bargain collectively in a lawful and peaceful manner, without
penalty or interference. Further, Sublicensee and all of its manufacturers shall comply, with all local laws, including but not
limited to, applicable wage laws and fair employment practices including the practice of non-discrimination on the basis of race,
religion, national origin, political affiliation, sexual preference, or gender. Sublicensee and all manufacturers will, at a minimum,
comply, with all applicable wage and hour laws and regulations, including those relating to minimum wages, overtime, maximum hours,
piece rates and other elements of compensation, and provide legally mandated benefits. Sublicensee and its manufacturers will further
comply, with all applicable environmental laws and regulations. Sublicensee and its manufacturers shall submit to reasonable on-site
inspections upon reasonable notice conducted by Sublicensors or their designated representatives, to ensure compliance with these
provisions.

 

23.0 - LIMITATION
OF LIABILITY

 

23.1 IN NO EVENT SHALL ANY PARTY HERETO
BE LIABLE TO ANOTHER HERETO FOR INCIDENTAL, CONSEQUENTIAL, INDIRECT, SPECIAL, EXEMPLARY DAMAGES (INCLUDING LOST PROFITS (WHETHER
ACTUAL OR ANTICIPATED), LOST SAVINGS; INCREASED EXPENSE OF OPERATION, BORROWING OR FINANCING; LOSS OF USE OR PRODUCTIVITY; AND
INCREASED COST OF CAPITAL) ARISING OUT OF OR RELATING TO THIS SUBLICENSE AGREEMENT, EVEN IF A PARTY HAS BEEN ADVISED OF THE POSSIBILITY
OF SUCH DAMAGES; AND REGARDLESS OF WHETHER ANY SUCH CLAIM ARISES OUT OF BREACH OF CONTRACT, GUARANTY, OR WARRANTY, TORT, PRODUCT
LIABILITY, INDEMNITY, CONTRIBUTION, STRICT LIABILITY OR ANY OTHER LEGAL THEORY. EACH PARTY HEREBY RELEASES EACH OTHER PARTY FROM
ANY SUCH LIABILITY. THE FOREGOING LIMITATION OF LIABILITY SHALL REMAIN IN FULL FORCE AND EFFECT REGARDLESS OF WHETHER A PARTY'S
REMEDIES HEREUNDER ARE DETERMINED TO HAVE FAILED THEIR ESSENTIAL PURPOSE.

 

Reminder of page intentionally left
blank

 

    	20

    	 

    

 

EXECUTION VERSION

 

EXECUTION PAGE

 

IN WITNESS WHEREOF and intending to he legally
bound, the parties hereto have caused these presents to be signed by their proper officers thereunto duly authorized.

  

WESTINGHOUSE SOLAR,
INC.:

 

 

  

    	21

    	 

    

 

EXECUTION VERSION

 

APPENDIX A

 

to the Sublicense Agreement between

Westinghouse Electric Corporation, Westinghouse
Solar, Inc. and CBD Energy Limited

 

Westinghouse
Brand Guidelines

  

    	22

    	 

    

 

EXECUTION VERSION

 

APPENDIX B

 

to the Sublicense Agreement between

Westinghouse Electric Corporation, Westinghouse
Solar, Inc. and CBD Energy Limited

 

Marks

 

 

    	23AMENDMENT TO SUBLICENSE
AGREEMENT

 

This
amendment to sublicense agreement (“Sublicense Amendment”) commences on the Effective Date of
the Sublicense Agreement and is made by and between (i) Westinghouse Electric Corporation, a Delaware corporation, having its
principal place of business at 51 West 52nd Street, New York, NY
10019 (hereinafter referred to as “Westinghouse”); (ii) Westinghouse
Solar, Inc., a Delaware corporation, having its principal place of business at 1475 S. Bascom Ave., Suite 101, Campbell, CA 95008
(“W-Solar”) and Andalay Solar Inc., (“Andalay”)
a wholly owned subsidiary of W-Solar (hereinafter W-Solar and Andalay each referred to as a “Sublicensor”
and collectively referred to as the “Sublicensors”); (iii) and CBD Energy
Limited (ACN 010 966 973), an Australia company, having its principal place of business at 53 Cross Street Double Bay, Suite 2
– Level 2, Sydney NSW Australia 2028 (hereinafter referred to as the “Sublicensee”).

 

RECITALS

 

WHEREAS, parties named in the preamble
above are each parties to the sublicense agreement relating to certain Westinghouse Marks and Trade Names (the “Sublicense
Agreement”), which comes into force an effect on the Effective Date (defined therein); and

 

WHEREAS, those parties wish to make an
amendment to Sublicense Agreement and have agreed to enter into this Sublicense Amendment for that purpose.

 

NOW, THEREFORE, in consideration of the
premises and the covenants herein contained, the parties hereto agree as follows.

 

1.0
- DEFINITIONS

 

In this Sublicense Amendment, defined
terms shall have the meaning ascribed thereto in the Sublicense Agreement.

 

2.0
- AMEDMENT & ACKNOWLEDGEMENT

 

2.1           The
parties agree that all of the licensed rights granted by the Sublicensors to the Sublicensee under the Sublicense Agreement may
also be enjoyed, utilized and advanced by Westinghouse Solar Pty Ltd (hereinafter “Westinghouse Solar Pty”), a wholly
owned subsidiary of the Sublicensee, in addition to the Sublicensee.

 

2.2           Notwithstanding
Sub-Section 2.1, the obligations of the Sublicensee under the Sublicense Agreement are not mitigated or otherwise diminished or
negated in any respect.

 

2.3           Sublicensee
shall guarantee the performance of Westinghouse Solar Pty, and shall be responsible to Westinghouse and the Sublicensors for any
and all obligations and liabilities that Westinghouse Solar Pty may incur in the course of such performance.

 

3.0
- NO OTHER CHANGES

 

3.1           The
parties agree that other than the matters contained in Section 2 above, the Sublicense Agreement is not affected or amended in
any other way and remains binding on all parties thereto in such manner.

 

    	 

    	 

    

 

EXECUTION PAGE

 

IN WITNESS WHEREOF and intending
to be legally bound, the parties hereto have caused these presents to be signed by their proper officers thereunto duly authorized.

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