Document:

BDN 09.30.2012 EX 10.1

Exhibit 10.1
SCHEDULE I
Trustee Compensation

1.    Annual Fee:
a.    $45,000.
b.    payable at annual meeting of shareholders.
		
	c.
	payable in cash or common shares (valued at closing price on date of annual meeting of shareholders), at the election of each Trustee.

d.    cash portion is eligible for deferral into the Deferred Compensation Plan.
2.    Annual Equity Award:
a.    $60,000 in “restricted” common share rights.
		
	b.
	number of common share rights computed based on closing price of the common shares on date of annual meeting of shareholders.

		
	c.
	common share rights vest in three equal annual installments, commencing on the first anniversary of the award date, subject to accelerated vesting upon a change of control or termination of service on account of death, disability or retirement.  Upon vesting, a number of common shares are delivered equal to the number of shares rights that vested.

d.    unvested common share rights are entitled to dividend equivalents.
e.    common share rights are not eligible for deferral into the Deferred Compensation Plan.
3.    Per Board Meeting Fee:
a.    $1,500.
b.    payable in cash.
c.    eligible for deferral into the Deferred Compensation Plan.
4.    Per Committee Meeting Fee:
a.    $1,000.
b.    payable in cash.
c.    not eligible for deferral into the Deferred Compensation Plan.
5.    Per Informal Board Informational Meeting Fee:
a.    $1,500.
b.    payable in cash.
c.    not eligible for deferral into the Deferred Compensation Plan.

6.    Chair Fees:
a.    Board Chair - $45,000 per year, payable in cash, at annual meeting of shareholders.
b.    Audit Committee Chair - $15,000 per year, payable in cash, at annual meeting of shareholders.
		
	c.
	Compensation Committee Chair - $10,000 per year, payable in cash, at annual meeting of shareholders.

		
	d.
	Corporate Governance Committee Chair - $10,000 per year, payable in cash, at annual meeting of shareholders.

e.    Chair fees are not eligible for deferral into the Deferred Compensation Plan.
7.    Miscellaneous:  Fees are payable for meeting attendance, whether in person or by phone.ex10_1_Amend_1_CFA

Exhibit 10.1

AMENDMENT NO. 1 TO COMPENSATION AND FUNDING AGREEMENT
This Amendment No. 1 (this “Amendment”) to the Compensation and Funding Agreement dated as of February 28, 2012 (the “Funding Agreement”) by and between Total S.A., a société anonyme organized under the laws of the Republic of France (“Total”), and SunPower Corporation, a Delaware corporation (“SunPower”), is made and entered into as of August 10, 2012. Capitalized terms used in this Amendment and not otherwise defined shall have the meaning given to them in the Funding Agreement.
W I T N E S S E T H: 
WHEREAS, Total and SunPower desire to amend the Funding Agreement to correct the definitions of “EBITDA” and “Financial Indebtedness” to reflect the original intention of the parties as set forth below.
NOW, THEREFORE, in consideration of the foregoing premises and the matters set forth herein, as well as other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged and accepted, and intending to be legally bound, Total and SunPower hereby agree as follows: 
1.Amendments to Definitions. 
(a)Section 1(f) of the Funding Agreement is amended by (i) replacing the phrase “SunPower and its Subsidiaries on a consolidated basis” in the second line thereof with the phrase “SunPower and its Subsidiaries (other than project finance Subsidiaries with obligations in respect of Project Finance Indebtedness) on a consolidated basis”, and (ii) replacing the phrase “SunPower and its Subsidiaries” with the phrase “SunPower and such Subsidiaries” in subsections (f) and (k) thereof.
(b)Section 1(i) of the Funding Agreement is amended and restated in its entirety to read as follows:
“”Financial Indebtedness” of SunPower and any of its Subsidiaries shall mean, without duplication, all Indebtedness of such Person other than (i) all obligations to pay the deferred purchase price of property or services, (ii) all obligations created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person, (iii) Indebtedness in connection with the factoring of the accounts receivable of the Borrower or any Subsidiary in respect of rebates from U.S. Governmental Authorities pursuant to the Tech Credit Agreement in the ordinary course of business, (iv) intercompany liabilities (but including liabilities to a non-Subsidiary Affiliate) maturing within 365 days of the incurrence thereof, (v) Project Finance Indebtedness, (vi) all contingent reimbursement and other payment obligations in respect of letters of credit and similar surety instruments (including construction performance bonds), and (vii) all guaranty obligations with respect to the types of Indebtedness listed in clauses (i) through (vi) above.”

(c)A new Section 1(w) is added  to the Funding Agreement (and existing subsections (w), (x), (y), (z), (aa), (bb), (cc), (dd), (ee), (ff), (gg) and (hh) are renumbered as subsections (x), (y), (z), (aa), (bb), (cc), (dd), (ee), (ff), (gg), (hh) and (ii) respectively) to read as follows:
“Project Finance Indebtedness” means Indebtedness of any project finance Subsidiary as to which the holders of such Indebtedness have recourse only to such project finance Subsidiary and any other project finance Subsidiaries, including such Subsidiaries' assets, but without recourse to SunPower or other Subsidiaries which are not project finance Subsidiaries, other than the Equity Interests in project finance Subsidiaries.”
2.Agreement. All references to the “Agreement” set forth in the Funding Agreement and the other Transaction Documents shall be deemed to be references to the Funding Agreement as amended pursuant to this Amendment.
3.Headings. The headings set forth in this Amendment are for convenience of reference purposes only and shall not affect or be deemed to affect in any way the meaning or interpretation of this Amendment or any term or provision hereof.
4.Confirmation of the Funding Agreement.  All sections and subsections of the Funding Agreement modified or added pursuant to this Amendment shall be deemed modified or added as of the date of the Funding Agreement.  Other than as expressly modified or added to pursuant to this Amendment, all provisions of the Funding Agreement remain unmodified and in full force and effect.
IN WITNESS WHEREOF, the undersigned have caused this Amendment No. 1 to be executed by their respective duly authorized officers to be effective as of the date first above written. 
TOTAL S.A.
By:     /s/ Patrick de la Chevardiere    
Name:    Patrick de la Chevardiere
Title:    CFO
SUNPOWER CORPORATION
By:     /s/ Chuck Boynton    
Name:    Chuck Boynton
Title:    Chief Financial Officerex10_2_Amend_4_AffiliationAgreement

Exhibit 10.2

AMENDMENT NO. 4 TO AFFILIATION AGREEMENT
This AMENDMENT NO. 4 (this “Amendment”) to the Affiliation Agreement, dated as of April 28, 2011 (the “Affiliation Agreement”), by and between Total Gas & Power USA, SAS, a société par actions simplifiée organized under the laws of the Republic of France (“Parent”), and SunPower Corporation, a Delaware corporation (the “Company”), is made and entered into as of August 10, 2012 by and between Parent and the Company. Capitalized terms used in this Amendment and not otherwise defined shall have the meaning given to them in the Affiliation Agreement.
W I T N E S S E T H: 
WHEREAS, Parent and the Company entered into Amendment No. 3 to the Affiliation Agreement dated as of February 28, 2012 (the “Third Amendment”) which, among other things, amended the definition of “Excluded Debt Incurrence” and Parent and the Company desire to further amend the Affiliation Agreement to correct such definition to reflect the original intention of the parties in entering into the Third Amendment as set forth below.
NOW, THEREFORE, in consideration of the foregoing premises and the matters set forth herein, as well as other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged and accepted, and intending to be legally bound, Parent and the Company hereby agree as follows: 
1.Amendment to Definitions. The definition of “Excluded Debt Incurrence” in Article I of the Affiliation Agreement is amended and restated in its entirety as follows:
“'Excluded Debt Incurrence' shall mean (i) Non-Recourse Debt and (ii) guarantees of loans to customers purchasing solar products of the Company and its Subsidiaries in accordance with that certain Agreement (Non-Recourse) between SunPower Corporation and First Technology Federal Credit Union, formerly known as Addison Avenue Federal Credit Union, dated as of April 27, 2009, as amended by that Amendment 1 dated January 28, 2011 (as further amended from time to time, “First Tech Facility”) and guarantees of loans or leases by third party lenders or lessors (as applicable) to customers purchasing or leasing solar products of the Company and its Subsidiaries subject to limitations substantially similar to the First Tech Facility, in all cases in an aggregate amount at any time outstanding not to exceed $5,000,000.”
2.Agreement. All references to the “Agreement” set forth in the Affiliation Agreement shall be deemed to be references to the Affiliation Agreement as amended pursuant to this Amendment.
3.Headings. The headings set forth in this Amendment are for convenience of reference purposes only and shall not affect or be deemed to affect in any way the meaning or interpretation of this Amendment or any term or provision hereof.

4.Confirmation of the Affiliation Agreement. Article I shall be deemed modified as of the date of the Third Amendment.  Other than as expressly modified pursuant to this Amendment, all provisions of the Affiliation Agreement, as amended prior to the date of this Amendment, remain unmodified and in full force and effect.
IN WITNESS WHEREOF, the undersigned have caused this Amendment No. 4 to be executed by their respective duly authorized officers to be effective as of the date first above written. 
TOTAL GAS & POWER USA, SAS
By:     /s/ Bernard Clement    
Name:    Bernard Clement
Title:    President
SUNPOWER CORPORATION
By:     /s/ Chuck Boynton    
Name:    Chuck Boynton
Title:    Chief Financial Officer

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