Document:

Amendment No. 1,by and between Hoku Scientific, Inc. and Spire Corporation

 Exhibit 10.41 
 AMENDMENT NO. 1 
 This Amendment No. 1 (this
“Amendment”) is effective as of June 15, 2007, by and between Hoku Scientific, Inc., a Delaware corporation (“HOKU”), and Spire Corporation, a Massachusetts corporation (“SPIRE”). HOKU (also known as
“Buyer”) and SPIRE (also known as “Seller”) are each a “Party” and together the “Parties” to this Amendment. 
 RECITALS 
 WHEREAS, HOKU and SPIRE are parties to that certain Purchase and Sale Agreement dated as of
October 13, 2006 (the “Agreement”) pursuant to which HOKU agreed to purchase from SPIRE, and SPIRE agreed to sell to HOKU certain Products (as defined therein) for use in the manufacture of photovoltaic modules; 
 WHEREAS, on our about October 17, 2006, HOKU paid to SPIRE approximately $703,920 (the “Down Payment”) pursuant to Section 4(a) of
the Agreement; 
 WHEREAS, the Products were required to be delivered to HOKU Ex Works Massachusetts and Japan on or before May 31,
2007; 
 WHEREAS, the Products have not yet been delivered to HOKU; and 
 WHEREAS, the Parties desire to amend the Agreement as set forth herein: 
 NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and for the mutual promises made herein, HOKU and SPIRE agree as follows: 
 AGREEMENT 
 1. Definitions.
Capitalized terms not otherwise defined herein shall have the meaning set forth in the Agreement. 
 2. Reduction of Services. HOKU hereby agrees to
waive all installation, training and process training services that SPIRE is required to perform pursuant to the Agreement, including, without limitation, the three (3) weeks of training at SPIRE’s Bedford, Massachusetts facility pursuant
to Section 5(b) of the Agreement, the installation services at HOKU’s Kapolei, Hawaii facility pursuant to Section 5(b) of the Agreement, and the training services at HOKU’s Kapolei, Hawaii facility pursuant to Section 7(c)
of the Agreement. 
 3. Reduction of Purchase Price. In exchange for HOKU’s agreement to waive the services pursuant to Section 2 above,
SPIRE hereby agrees to reduce the net purchase price for the equipment by One Hundred Twenty-five Thousand Dollars ($125,000), such that the total purchase price pursuant to Section 4 of the Agreement is reduced to One Million Eight Hundred
Eighty-six Thousand Two Hundred Dollars ($1,886,200), Ex Works Spire Corporation, Bedford, Massachusetts, USA and Okazaki, Japan. 
 4. Provisions of the
Agreement Rendered Void. The Parties agree that Article 7 of the Agreement is hereby rendered null and void and is without effect. 
 5. Amendment of
Article 5.b. The Parties agree that Article 5.b shall be amended and restated in its entirety to read as follows: 
 b. Performance:
Seller shall make delivery in full of the of the Products, including all Product components in accordance with standard industry practices, using its best efforts in accordance with the shipment schedule in Article 3. Every deliverable component
shall be new; with high 
  

					
	HOKU Initials & Date: DS	 		 	SPIRE Initials & Date: RWLF

 
quality workmanship, good quality; free of any design defects that may inhibit the smooth operation; and which satisfies the purpose of this Agreement. Each
unit of deliverable equipment shall correspond to the specifications attached as Attachment A; be accompanied by a standard spare parts package which shall be defined by Seller prior to Ex- Works shipment; and be subject to a limited warranty as
specified elsewhere in Article 8 of this Agreement. 
 All of the Products and related components delivered by the Seller shall be packed
using new and strong packaging appropriate for shipping, transportation, loading and unloading. According to the requirements of each unit of equipment and any other items included with them, the Seller shall, consistent with accepted industry
standards, supply any protection necessary to protect such equipment and other items from humidity, water, rust, erosion, or any other environmental factor which may damage the equipment or other items, and to insure that the Products arrive at the
Buyer’s site safe and intact. 
 Each package, box or crate shall include the following documents: 
 1. Two copies of a detailed packing list; 
 2.
Two copies of quality certificated; 
 3. Operation, service and repair manuals 
 4. Spare parts list; 
 5. Two copies of
assembly drawing as required for routine repair and maintenance. 
 6. Amendment of Article 5.c. The Parties agree that Article 5.c shall be amended
and restated in its entirety to read as follows: 
 c. Performance Period: The period of performance shall commence when the conditions
precedent as described above are met and shall conclude with the delivery of the Products Ex Works Bedford / Okazaki shipment, and transferring custody of the Products to a carrier and/or agent for carrier named by Buyer. 
 7. Elimination of Letter of Credit Requirement. SPIRE hereby waives any and all requirements that HOKU establish a letter of credit, including, without
limitation, HOKU’s obligations pursuant to Section 4(b) and Exhibit #1 of the Agreement. 
 8. Payment Terms. HOKU shall make a telegraphic
transfer payment to Spire for the balance due based upon Spire’s invoice, in the amount of One Million One Hundred Eighty Two Thousand Two Hundred Eighty Dollars ($1,182,280.00) less any penalties due to HOKU as a result of late delivery as
described in the Purchase and Sale Agreement, seven (7) business days prior to the Ex Works shipment from Bedford, Massachusetts, USA and Okazaki, Japan. 
 9. Transferability of Warranty. Notwithstanding anything to the contrary in the Agreement, including, without limitation restrictions on assignment and transferability set forth in Section 16 of the Agreement, SPIRE hereby
agrees and consents to HOKU’s transfer of the limited warranty set forth in Attachment B to the Agreement to a third party in connection with HOKU’s sale or transfer of the Products to such third party, provided that SPIRE is consulted in
connection with the installation of the Products at such third party’s facility. 
  

					
	HOKU Initials & Date: DS	 		 	SPIRE Initials & Date: RWLF

 10. Miscellaneous. This Amendment shall be governed by the laws of The Commonwealth of Massachusetts, without
giving effect to its conflicts of laws principles, and shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against either of the Parties. This Amendment may be separately executed in counterparts,
including counterparts by facsimile, each of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument. The Parties agree to maintain the strict confidentiality of all of the terms and
conditions of this agreement, except such terms and conditions may be disclosed to attorneys, tax advisors, or accountants of any Party, or to the extent required by law, including, without limitation, the Securities Exchange Act of 1934, the
Securities Act of 1933, and in each case, the rules promulgated thereby, and as amended. This Amendment together with the Agreement constitute the entire agreement between the Parties concerning the subject matter hereof, and expressly supersede all
prior oral and written discussions and agreements between the Parties in such respect. This Agreement shall not be modified or amended except by an instrument in writing signed by both Parties. 
 11. Potential Re-Sale of Products. HOKU has requested that Spire seek a re-sale offer of the Products and Spire will do so to the best of its ability, however, Spire has
no obligation to make a re-sale for the Products nor does HOKU have any obligation to accept a re-sale offer from Spire. 
 [Signature Page
Follows] 
  

					
	HOKU Initials & Date: DS	 		 	SPIRE Initials & Date: RWLF

 In Witness Whereof, HOKU and SPIRE have executed this Amendment No. 1 as of the date first set forth above.

  

							
	“SPIRE”	  	“HOKU”
		
	Spire Corporation	  	Hoku Scientific, Inc.
				
	By:	 	 /s/ R.W. LaFavre
	  	By:	 	 /s/ Dustin Shindo

	Name:	 	R.W. LaFavre	  	Name:	 	Dustin Shindo
	Title:	 	Chief Operating Officer	  	Title:	 	CEOForm of Nonstatutory Stock Option Agreement

 Exhibit 4.2 
 VITACOST.COM, INC. 
 FORM OF 
 NONSTATUTORY STOCK OPTION AGREEMENT 
 THIS NONSTATUTORY STOCK OPTION
AGREEMENT (the “Agreement”) made this _____ day of __________, ____, between Vitacost.com, Inc., a Delaware corporation having a principal place of business at 2049 High Ridge Road, Boynton Beach, Florida 33426 (the
“Corporation”) and __________ (the “Participant”). 
 R E C I T A L
S: 
 A. The Corporation desires to grant to the Participant an Option to purchase shares of its common capital stock (the
“Shares”) under and for the purposes of the Corporation’s Stock Option Plan (the “Plan”); and 
 B. The Corporation
and the Participant understand and agree that any terms used herein have the same meanings as in the Plan. 
 NOW, THEREFORE, in
consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto agree as follows: 
  

	 	1.	GRANT OF OPTION 

 The Corporation hereby grants to
the Participant the right and Option to purchase all or any part of an aggregate of __________ (            ) Shares on the terms and conditions and subject to and with the benefit
of all the limitations set forth herein and in the Plan, which is incorporated herein by reference. 
  

	 	2.	PURCHASE PRICE 

 The purchase price of the Shares
shall be __________ ($_____) per share. 
  

	 	3.	EXERCISE OF OPTION 

 The Nonstatutory Option granted
hereby shall be exercisable as follows:  
                    
                                                 
                                                 
                                                 
                                     . 
 Notwithstanding the above, in the event of the sale of all or substantially all of the assets or common stock of the Corporation or the merger or
consolidation of the Corporation into or with another entity, then any of the Options shall be exercisable on the date immediately preceding the consummation of such transaction. 

	 	4.	TERM OF OPTION 

 (a) Expiration
of Term. The Option shall terminate eleven (11) years from the date of this Agreement, but shall be subject to earlier termination as provided herein or in the Plan. 
 (b) Termination of Employment/Relationship. If the Participant ceases to be an employee of the Corporation or of an Affiliate for
any reason other than death or Disability, then his Option shall terminate on the date of termination of his employment, provided that he may exercise all or a portion of his Option to the extent that such right to exercise has accrued on the date
of the termination of his employment during the thirty (30) day period following his termination. A Participant’s employment shall not be deemed terminated by reason of a transfer to another employer which is the Corporation or an
affiliate of the Corporation. 
 (c) Total and Permanent Disability. If Participant ceases to be an employee of the
Corporation or of an Affiliate by reason of Disability, his Option shall terminate on the date of Disability provided that he may exercise all or a portion of this Option to the extent that the right to purchase Shares hereunder has accrued on the
date such Participant becomes Disabled as determined by the Board (or the Committee if applicable) for a period of not more than six months after the date that he became Disabled as determined by the Board (or the Committee if applicable)
(notwithstanding that Participant might have been able to exercise the Option as to some or all of the Shares on a later date if Participant had not become Disabled) or, if earlier, within the originally prescribed term of the Option. 
 (d) Death. In the event that Participant ceases to be an employee of the Corporation or of an Affiliate by reason of such
Participant’s death, his Option shall terminate on the date of death, provided that all or a portion of this Option to the extent that the right is exercisable but not exercised on the date of death may be exercised by Participant’s
Survivors. Such Option must be exercised by the Survivors, if at all, within six (6) months after the date of death of Participant or, if earlier, within the originally prescribed term of the Option, notwithstanding that the decedent might have
been able to exercise the Option as to some or all of the shares on a later date if the Participant were alive and had continued to be an employee of the Corporation or of an Affiliate. 
 Paragraph 4(b) shall control and fix the rights of Participant if Participant ceases to be an employee of the Corporation or of an Affiliate for any
reason other than death or Disability and who subsequently becomes Disabled (within the meaning of the term “Disability” as used in the Plan) or dies. Nothing in Paragraphs 4(c) and 4(d) shall be applicable in any such case except only
that, in the event of such a subsequent death within the period allowed for exercise of the Option by Paragraph 4(b) (i.e., within thirty (30) days after the termination of his relationship or, if earlier, within the originally prescribed term
of the Option) Participant’s Survivors may exercise the Option to the extent that such right to exercise has accrued on the date of death, within six (6) months after the date of death of such participant but in no event beyond eleven
(11) years after the date of the grant of an Option. 
  

	 	5.	EXERCISE OF OPTION AND ISSUE OF STOCK 

 The Option
may be exercised in whole or in part by giving written notice to the Corporation. Such written notice shall be signed by the person exercising the Option, shall state 

  

 2 

 
the number of Shares with respect to which the Option is being exercised, shall contain the warranties, if any, required by Section 6 of this Agreement
and shall specify a date (other than a Saturday, Sunday or legal holiday) not less than five (5) nor more than ten (10) days after the date of such written notice, as the date on which the Shares will be taken up and payment made therefor,
at the principal office of the Corporation during ordinary business hours, or at such other hour and place agreed upon by the Corporation and the person or persons exercising the Option and shall otherwise comply with the terms and conditions of
this Agreement and the Plan. On the date specified in such written notice (which date may be extended by the Corporation if any law or regulation requires the Corporation to take any action with respect to the Shares prior to the issuance thereof,
whether pursuant to the provisions of Section 6 or otherwise) the Corporation shall accept payment for the Shares and shall deliver an appropriate certificate or certificates for the Shares as to which the Option was exercised to the
Participant. 
 The Option price of any shares shall be payable at the time of exercise either: 
 (i) in cash or by check or certified or bank check; 
 (ii) in whole Shares of the Corporation’s common stock, owned by the person exercising the option for six months or more, with a fair
market value equal to the option price as agreed by the parties; provided, however, that if such shares were acquired pursuant to an incentive stock option plan, as defined in Code Section 422 or prior Code Section 422A of the Corporation
or an Affiliate, including this Plan or a qualified stock option plan as defined in Code Section 422, that the applicable holding period requirements of said prior Sections 422 and 422A have been met with respect to such Shares; or 

(iii) any combination of (i) and (ii) above. 
 The Corporation shall pay all original issue taxes with respect to the issue of Shares pursuant hereto and all other fees and expenses necessarily incurred by the Corporation in connection therewith. The holder of
this Option shall have the rights of a shareholder only with respect to those Shares covered by the Option which have been registered in the holder’s name in the share register of the Corporation upon the due exercise of the Option. 

 

	 	6.	WARRANTIES 

 Certificates representing Shares which
are purchased pursuant to this Option Agreement shall bear the following legend, in addition to such other legends as counsel to the Corporation may deem appropriate: 
 The shares represented by this certificate are subject to all of the terms, conditions, limitations and restrictions set forth in the Vitacost.com, Inc. Stock Option Plan (“Plan”), as amended, a copy of
which is on file with the Corporation, and this Option Agreement . All terms, conditions, limitations and restrictions of the Plan and the Option Agreement are fully binding on the holder of the certificate, his or her successors, estate, heirs,
assigns, personal representative, administrator, executor or guardian as the case may be, for all purposes until such time that all terms, conditions, limitations and restrictions of the Plan or the Option Agreement are removed, waived, or otherwise
vacated in a manner expressly authorized thereunder. 
  

 3 

	 	7.	NON-ASSIGNABILITY 

 This Option shall not be
transferable by the Participant and shall be exercisable only by the Participant. 
  

	 	8.	NOTICES 

 All notices, demands, instructions and
other communications required or permitted to be given to or made upon either Party hereto or any other person shall be in writing and shall be personally delivered or sent by registered or certified mail, postage prepaid, return receipt requested,
or by a reputable courier delivery service, or by telegram (with messenger delivery), or by telecopier (confirmed by mail), and shall be deemed to be given for purposes of this Agreement on the day that such writing is delivered or sent to the
intended recipient thereof in accordance with the provisions of this Section. Unless otherwise specified in a notice sent or delivered in accordance with the foregoing provisions of this Section, notices, demands, instructions and other
communications in writing shall be given to or made upon the respective Parties hereto at the following address: 
  

			
	To the Corporation:	  	Vitacost.com, Inc.
		  	2049 High Ridge Road
		  	Boynton Beach, Florida 33426
		
	With a Copy to:	  	Shefsky & Froelich Ltd.
		  	444 North Michigan Avenue
		  	Suite 2500
		  	Chicago, IL 60611
		  	Attention: Mitchell D. Goldsmith
		
	To the Participant:	  	____________________
		
		  	____________________
		
		  	____________________

  

	 	9.	GOVERNING LAW 

 This Agreement shall be construed
and enforced in accordance with the internal laws (and not the laws of conflict) of the State of Illinois. 
  

	 	10.	BINDING AGREEMENT. 

 This Agreement shall (subject
to the provisions of Section 7 hereof) be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto. 
  

 4 

 IN WITNESS WHEREOF, the Corporation has caused these presents to be executed on its behalf and its
corporate seal to be hereto affixed by its duly authorized representative and the Participant has hereunto set his hand and seal, all on the day and year first above written. 
  

			
	VITACOST.COM, INC.
		
	By:	 	  
		 	 Chief Executive Officer

	
	PARTICIPANT:

  

 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]