Document:

Exhibit 10.8

 

ARGONAUT INSURANCE COMPANY

GENERAL INDEMNITY AGREEMENT

 

This General Indemnity Agreement (hereinafter
“Agreement”) is made and entered into by the undersigned, hereinafter referred to individually and/or collectively,
as “Indemnitors”, for the benefit of Argonaut Insurance Company, with its principal offices at 10101 Reunion Place,
Suite 500, San Antonio, TX 78216, and for itself, its subsidiaries, affiliates, parents, co-sureties, fronting companies and/or
reinsurers and their successors and assigns, whether in existence now or formed hereafter, individually and collectively, as “Surety”,
for the purpose of indemnifying the Surety for any Bonds (as hereinafter defined) from any and all Losses (as hereinafter defined).

 

Definitions

 

The term “Bond(s)” shall mean any
and all bonds including but not limited to surety bonds, undertakings, guarantees, or any contractual obligations, previously or
hereafter executed, issued, procured, or undertaken by the Surety, whether directly or as a result of any asset purchase, merger,
acquisition, or similar transaction, and any renewals or extensions thereof issued by Surety, or issued by another at the request
of Surety, on behalf of Indemnitors, whether issued prior to or subsequent to the effective date of this Agreement.

 

The term “Indemnitors” shall mean
an individual, corporation, partnership, Limited Liability Company (hereinafter called LLC), Limited Liability Partnership (hereinafter
called LLP), joint venture, trust, estate or other legal entity, whether individually or jointly with others, who sign this Agreement
or whose authorized representatives sign this Agreement or any other agreement that incorporates by reference the terms of this
Agreement, whether the Indemnitors are individuals or entities, as well as any and all affiliates, specifically including, without
limitation, all wholly or partially owned subsidiaries, divisions or affiliates, and all partnerships, ventures or co-ventures
in which any of the Indemnitors or any wholly or partially owned subsidiary, division or affiliate has an interest or participation,
whether now existing or which may hereafter be created or acquired. The Indemnitors warrant and represent that they have a material
and beneficial interest in Surety’s issuance of Bonds on behalf of the Indemnitors, and acknowledge that Surety would not
issue such Bonds without each Indemnitor’s agreement to reimburse Surety for all Losses arising under the Bonds.

 

The term “Losses” shall mean any
and all sums (a.) paid by Surety to claimants under the Bonds, (b.) sums required to be paid to claimants by Surety but not yet,
in fact, paid by Surety, by reason of execution of such Bonds, (c.) all costs and expenses incurred in connection with investigating,
paying or litigating any claim, including but not limited to legal fees and expenses, technical and expert witness fees and expenses
and (d.) all costs and expenses incurred in connection with enforcing the obligations of the Indemnitors under this Agreement including,
but not limited to interest, legal fees and expenses and (e.) all accrued and unpaid premiums owing to Surety for the issuance,
continuation or renewal of any Bonds and (f.) all other amounts payable to Surety according to the terms and conditions of this
Agreement.

 

As an inducement to the Surety and in consideration
of the Surety’s execution or procurement of the Bond(s), the Surety’s refraining from canceling one or more Bond(s),
and/or the Surety’s assumption of one or more Bond(s) and for other good and valuable consideration, the receipt and sufficiency
of which the Indemnitors hereby acknowledge, the Indemnitors hereby agree, for themselves, successors, and assigns, jointly and
severally, as follows:

 

		1.	To pay all initial and renewal premiums for each Bond, as they fall due, until Surety has been
provided with competent legal evidence, in its sole discretion, that the Surety has been fully released of liability under such
Bond.

 

		2.	Indemnity. To indemnify, hold
                                         harmless and exonerate Surety from and against any and all Losses, as well as any other
                                         reasonable expense that the Surety may incur or sustain as a result of or in connection
                                         with the furnishing, execution, renewal, continuation, or substitution of any Bond(s).
                                         Expenses include, but are not limited to: (a) the cost incurred by reason of making an
                                         independent investigation in connection with any Bond(s) or this Agreement; (b) the cost
                                         of procuring or attempting to procure the Surety’s release from liability or a
                                         settlement under any Bond(s) upon or in anticipation of Losses, including the defense
                                         of any action brought in connection therewith; and (c) the cost incurred in bringing
                                         suit to enforce this Agreement against any of the Indemnitors. Payments of amounts due
                                         the Surety hereunder, including interest, shall be made immediately upon the Surety’s
                                         demand. Vouchers, affidavits, or other evidence of payment by the Surety shall be prima
                                         facie evidence of the Indemnitors’ liability for any such Losses or other expenses.

 

		3.	Surety Reserve. The Surety may,
                                         in its sole discretion, establish a reserve to cover any actual or anticipated, liability,
                                         claim, suit judgment, or Losses under any Bond. In such event, the Indemnitors will,
                                         immediately upon demand, deposit with the Surety a sum of money equal to such reserve,
                                         and any subsequent increase thereof, to be held by the Surety as collateral security
                                         on the Bond(s). Such funds will be used by the Surety to pay Losses or may be held by
                                         the Surety as collateral against potential future Losses. The Indemnitors hereby grant
                                         to the Surety a security interest in all money and other property now or hereafter delivered
                                         by such Indemnitors to the Surety for deposit in such reserve, and all income (if any)
                                         thereon. Any funds remaining after the Indemnitors’ settlement of payment of all
                                         Losses will be returned to the Indemnitors within thirty (30) days from the date of the
                                         Indemnitors’ settlement or payment of the Losses.

 

		4.	Access to Books and Records.
                                         In the event the Surety receives a claim under any Bond or establishes, in its sole discretion,
                                         a reserve in anticipation of incurring Losses, the Surety shall have the right to reasonable
                                         access to the books, records, and accounts of the Indemnitors for the purpose of examining
                                         the same.

 

		5.	Non-Impairment of Indemnitors’
                                         Obligations. The obligations of the Indemnitors under this Agreement shall not be
                                         impaired by and Surety shall incur no liability on account of: (a) Surety’s failure
                                         or refusal to furnish Bond(s), including final Bond(s) where Surety has furnished a bid
                                         Bond; (b) Surety’s consent or failure to consent to changes in the terms and provisions
                                         of any Bond, or the obligation or performance secured by any Bond; (c) the taking, failing
                                         to take, or release of security, collateral, assignment, indemnity agreements and the
                                         like, as to any Bond; (d) the release by Surety, on terms satisfactory to it, of any
                                         Indemnitors; and/or (f) the Surety’s cancellation of any Bond(s).

 

		6.	The Indemnitors shall not seek indemnity, contribution or collection of any other outstanding obligation
against any other Indemnitors or their property until the obligations of the Indemnitors to Surety under this Agreement have been
satisfied in full.

 

		7.	The Indemnitors acknowledge that the Surety may share copies of any and all statements, agreements,
financial statements and any information which it now has or may hereafter obtain concerning Indemnitors with co-sureties,
fronting companies, and/or reinsurers.

 

		8.	Default The Indemnitors shall be in default of this Agreement if:
(a) Indemnitors shall become a party in any insolvency, receivership, liquidation, or bankruptcy; (b) Indemnitors make representation
to the Surety by or on behalf of any of the Indemnitors that prove to have been misleading or materially false when made; (c) Indemnitors
fail to provide collateral in response to a proper request made by the Surety; (d) Indemnitors breach any other provision of this
Agreement; (e) Surety establishes reserves against Losses in connection with Bond(s); and/or (f) Surety sustains Losses under Bond(s).

 

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		9.	Indemnitors representations The Indemnitors represent and warrant to the Surety that they
have a substantial, material, and/or beneficial interest in the obtaining of Bond(s) by any of the Indemnitors and in the transaction(s)
for which any of the other Indemnitors have applied or will apply to the Surety for Bond(s) pursuant to this Agreement. lndemnitors
represent and warrant that they have the full power and authority to execute, deliver and perform this Agreement and to carry out
the obligations stated herein. Indemnitors further represent and warrant that their execution, delivery and performance of this
Agreement does not and will not conflict with, constitute a default under, or result in a breach or violation of any of their respective
organizational documents, any law, governmental rule or regulation, or any applicable order, writ, injunction, judgment or decree
of any court or governmental authority, or any other agreement binding upon Indemnitors.

 

		10.	Surety’s Rights to Release
                                         of Bonds and Indemnitors Waiver. The Surety may, in its sole discretion, determine
                                         one or more of the following: (a) the Indemnitors financial condition has been or is
                                         believed to be deteriorating; or (b) there has been or is believed to be some other change
                                         that adversely impacts the Surety’s risk under the Bond(s). In such an event, within
                                         thirty (30) days of receipt of the Surety’s written demand, the Indemnitors shall
                                         procure the full and complete release of the Bond(s) by providing competent written evidence
                                         of release satisfactory to the Surety, in its sole discretion. If Indemnitors fail to
                                         provide the aforementioned release Indemnitors shall, within an additional seven (7)
                                         days, provide the Surety with collateral in the amount of 100% of all unreleased liability
                                         under the Bond(s). The liability shall be determined at the time of the Surety’s
                                         written demand. Collateral will be in the form of (a) an irrevocable letter of credit
                                         in form, content, and issued by a financial institution acceptable to the Surety; (b)
                                         a pledged money market account, in the form, content, and issued by a financial institution
                                         acceptable to the Surety; and/or (c) other collateral in form, content, and substance
                                         acceptable to the Surety, in its sole discretion. Collateral previously provided to the
                                         Surety may be utilized to establish compliance with this provision. If the liability
                                         subsequently increases, then it is the Indemnitors’ responsibility to ensure continued
                                         compliance with this provision at all times.

 

The Indemnitors waive, to the fullest
extent permitted by law, each and every right that they may have to contest this requirement to provide collateral under this Agreement
(individually and collectively, the “Collateral Requirement”). The Indemnitors stipulate and agree that the Surety
will not have an adequate remedy at law should Indemnitors fail to perform the Collateral Requirement and further agree as a result
that the Surety is entitled to specific performance of the Collateral Requirement. The Surety’s failure to act to enforce
its right to specific performance shall not be construed as a waiver of that right, which right may be enforced at any time at
the Surety’s sole discretion. Indemnitors further agree that this Collateral Requirement shall not limit or be deemed a waiver
of the Surety’s other rights, which it may exercise in its sole discretion, under this Agreement or otherwise to cancel Bond(s),
to demand collateral, or to take any other actions the Surety deems necessary and/or prudent, in its sole discretion, to mitigate
actual or potential Losses under any and all Bond(s) written in accordance with this Agreement. The exercise of such additional
rights shall not be contingent upon the Surety’s enforcement of this provision. Collateral to be provided to the Surety shall
be sent to: Attn: Treasurer, Argo Surety, 10101 Reunion Place, Suite 500, San Antonio, TX 77216.

 

		11.	The Surety may execute or procure Bond(s) that guarantee the Indemnitors’ obligations or
performance under one or more contracts (each a “Bonded Contract”). The Indemnitors shall be considered in default
of a Bonded Contract if any of the following occur: (a) a declaration of default by any Bonded Contract owner; (b) an actual breach
or abandonment of the Bonded Contract; and/or (c) an improper diversion of Bonded Contract funds or Indemnitors’ assets to
the detriment of the Bonded Contract obligations.

 

In the event of a default under
a Bonded Contract, Indemnitors grant to Surety a security interest in all equipment, machinery, inventory, materials, and all proceeds
and products in connection with any Bonded Contract. This Agreement shall for all purposes constitute a Security Agreement and
Financing Statement for the benefit of Surety in accordance with the Uniform Commercial Code (“UCC”) and all similar
statutes. In the event there is an act of default under any Bonded Contract, Indemnitors hereby irrevocably authorize Surety, without
notice to any of the Indemnitors, to perfect the security interest granted herein by filing this Agreement or a copy or other reproduction
of this Agreement. Surety may add schedules or other documents to this agreement as necessary to perfect its rights. The failure
to file or record this Agreement or any financing statement shall not release or excuse any of the obligations of Indemnitors under
this Agreement. The Surety’s exercise of any of its rights as a secured creditor under this Agreement shall not be a waiver
of any of the Surety’s legal or equitable rights or remedies, including the Surety’s right of subrogation.

 

		12.	The obligee or beneficiary under certain Bond(s) may make a demand for payment (“Demand”)
against the Bond(s). When such Demand is made, the Surety must pay the amount of the Demand, not to exceed the penal sum of the
Bond(s), as well as all necessary fees, within the time period required by the Demand. Under such Bond(s), the Surety, with the
knowledge and consent of the Indemnitors, has expressly waived all defenses to making such payment. If the Indemnitors receive
notice from the Surety that a Demand has been made against the Bond(s) by the obligee or beneficiary, at least five (5) business
days before payment of such Demand is due to the obligee, Indemnitors shall pay the Surety the full amount of the Demand, which
amount shall not exceed the penal sum of the Bond, as well as all necessary fees. Such payment will be made by wire transfer or
otherwise in immediately available funds to the bank account specified in the notice provided to the Indemnitors by the Surety.

 

The Indemnitors waive, to the fullest
extent permitted by applicable law, each and every right which they may have to contest such payment. Failure to make payment to
the Surety as herein provided shall cause the Indemnitors to be additionally liable for any and all costs and expenses, including
attorney’s fees, incurred by the Surety in enforcing this Agreement, together with interest on unpaid amounts due the Surety.
Interest shall accrue, commencing the date the Surety pays the amount of the Demand, at the prime rate of interest in effect on
December 31 of the previous calendar year as published in the Wall Street Journal. Indemnitors stipulate and agree that the Surety
will suffer immediate irreparable harm and will have no adequate remedy at law should Indemnitors fail to perform this obligation,
and therefore the Surety shall be entitled to specific performance of this obligation.

 

		13.	Continuing Obligation. This
                                         Agreement is a continuing obligation of the Indemnitors, and no Indemnitors shall have
                                         the right to terminate its obligations for any Bond(s) issued during the term hereof.
                                         The Indemnitors may terminate this Agreement as to future Bond(s) by notice to the Surety,
                                         but such termination as to the Indemnitors shall in no way affect the obligation of any
                                         other Indemnitors who have not given such notice. In order to terminate liability as
                                         to future Bond(s), Indemnitors must notify the Surety of such termination and state in
                                         such notice the effective date (not less than 30 days after receipt thereof by the Surety)
                                         of termination of such Indemnitors liability for future Bond(s). After the effective
                                         date of such termination, the Indemnitors giving notice of termination shall nonetheless
                                         be liable hereunder for Bond(s) executed or authorized before such date and renewal,
                                         substitutions, and extensions thereof.

 

		14.	The Indemnitors understand and agree that their obligations under this Agreement remain in full
force and effect for any Bond(s) issued pursuant to this Agreement, notwithstanding that the entity on whose behalf Bond(s) were
issued has been sold, dissolved or whose ownership has been otherwise altered in any way.

 

		15.	Severability. If any provision or portion of this Agreement shall be unenforceable, this
Agreement shall not be void, but shall be construed and enforced with the same effect as though such provision or portion were
omitted. This agreement is in addition to and not in lieu of any other agreement relating to the obligations described herein.

 

		16.	Amendment. This Agreement may be amended or terminated only by a document executed by all
parties, or their respective successors or assigns.

 

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		17.	Execution. This Agreement may
                                         be executed in multiple counterparts, and by the Indemnitors on separate counterparts,
                                         each of which shall be deemed to be an original, but all of which together shall constitute
                                         one and the same instrument. Delivery by telecopy or email of a signed counterpart of
                                         this Agreement shall be effective as physical delivery.

 

		18.	Non-waiver of Surety Rights.
                                         Nothing herein contained shall be construed to waive or abridge any right or remedy which
                                         the Surety might have if this Agreement was not executed. The Surety’s failure
                                         to act to enforce any or all of its rights under this Agreement shall not be construed
                                         as a waiver of these rights.

 

		19.	Access to Indemnitors Information.
                                         Indemnitors hereby expressly authorize the Surety to access credit records and to make
                                         such pertinent inquiries as may be necessary from third party sources for underwriting
                                         purposes, claim purposes and/or debt collection.

 

		20.	Separate Suits. Separate suits
                                         may be brought hereunder as causes of action accrue, and suit may be brought against
                                         any and all of the Indemnitors; and any suit or suits upon one or more causes of action,
                                         or against one or more of the Indemnitors, shall not prejudice or bar subsequent suits
                                         against any other Indemnitors on the same or any other causes of action, whether theretofore
                                         or thereafter accruing.

 

		21.	Notices. All notices and other
                                         communications hereunder shall be in writing and shall be deemed to have been duly given
                                         if delivered against receipt therefor or mailed by registered or certified mail, return
                                         receipt requested, postage prepaid, addressed to the Surety, to: Attention: Vice President,
                                         Argo Surety, 20333 State Hwy 249, Suite 200, Houston, TX 77070. Such name and address
                                         may be changed by written notice given as provided in this Agreement. Actual notice,
                                         however given, shall always be effective.

 

		22.	Choice of Law. This Agreement
                                         shall be interpreted under the substantive law of the State of Texas, without giving
                                         effect to its choice of law principles.

 

		23.	If Surety has or obtains collateral or letters of credit, Surety shall not have any obligations
to release collateral or letters of credit or turn over the proceeds thereof until it shall have received a written release in
form and substance satisfactory to Surety with respect to each and every Bond. Any collateral or letters of credit provided to
Surety by any Indemnitors or any third party, or the proceeds thereof, may be applied to any Losses.

 

		24.	Effect of Change in Status.
                                         Indemnitors agree not to change or convert its respective individual, corporate or partnership
                                         status to either an LLC or an LLP or any other similar structure which has the effect
                                         of limiting, reducing or shielding the liability of the entity or its partners and/or
                                         officers hereunder, without the prior, express, written consent of Surety. Should any
                                         Indemnitors so change its respective corporate or partnership status without the prior,
                                         express, written consent of Surety, Indemnitors agree that such change in its status
                                         shall not limit, reduce or otherwise shield its obligations, its partners’ and/or
                                         officers’ obligations, to Surety which arise from this Agreement. Indemnitors hereby
                                         expressly waive as against Surety any and all defenses which may arise from such a conversion
                                         to a LLC, LLP or similar status.

 

		25.	Special Provisions:

 

		26.	EACH OF THE INDEMNITORS REPRESENT TO THE SURETY THAT SUCH INDEMNITORS HAVE CAREFULLY READ THIS
ENTIRE AGREEMENT, AND THERE ARE NO OTHER AGREEMENTS OR UNDERSTANDINGS WHICH IN ANY WAY LESSEN OR MODIFY THE OBLIGATIONS SET FORTH
HEREIN. IN TESTIMONY HEREOF WE THE INDEMNITORS HAVE SET OUR HANDS AND FIXED OUR SEALS AS SET FORTH BELOW. THE SURETY’S ACCEPTANCE
OF THIS AGREEMENT SHALL BE PRESUMED AND IS DEEMED EFFECTIVE BY ITS RECEIPT OF THIS AGREEMENT, ITS RELIANCE HEREON, OR BY ITS EXECUTION
OF ANY BOND FOR THE INDEMNITORS OR ANY OF THEM, WITH OR WITHOUT THE SURETY’S SIGNATURE BEING AFFIXED THERETO.

 

IF INDEMNITOR IS A CORPORATION, LIMITED
LIABLITY COMPANY OR PARTNERSHIP, SIGN BELOW:

 

Instructions: If the entity is: 1) a corporation,
the secretary and an authorized officer should sign on behalf of the corporation, 2) a limited liability company, the manager(s)
or member(s) should sign on behalf of the LLC, 3) a partnership, the partner(s) should sign on behalf of the partnership, or 4)
a trust. all trustees should sign. Two signatures are required for all entities and all signatures must be notarized and dated.
Please provide the entity’s federal tax identification number on the line provided.

 

Each of the undersigned hereby affirms to the
Surety as follows: I am a duly authorized official of the business entity Indemnitor on whose behalf I am executing this Agreement.
In such capacity I am familiar with all of the documents which set forth and establish the rights which govern the affairs, power
and authority of such business entity including, to the extent applicable, the certificate or articles of incorporation, bylaws,
corporate resolutions and/or partnership, operating or limited liability agreements of such business entity. Having reviewed all
such applicable documents and instruments and such other facts as deemed appropriate, I hereby affirm that such entity has the
power and authority to enter into this Agreement and that the individuals executing this Agreement on behalf of such entity are
duly authorized to do so.

 

	GAIAM, INC.	 	 	 	84-1113527	 	 
	 	 	 	 	 	 	 
	lndemnitor Name	 	 	 	Federal Tax ID #	 	Month/Date/Year
	 	 	 	 	 	 	 
	/s/ John Jackson	 	 	 	/s/ Vilia
    Valentine 	 	4/20/2009
	 	 	 	 	 	 	 
	Signature of Authorized Official	 	Seal	 	Signature of Authorized Official	 	Seal
	 	 	 	 	 	 	 
	JOHN JACKSON, VICE PRESIDENT	 	 	 	VILIA VALENTINE, CHIEF FINANCIAL OFFICER	 	 
	 	 	 	 	 	 	 
	Print or Type Name and Title	 	 	 	Print or Type Name and Title	 	 

 

ACKNOWLEDGEMENT

STATE OF COLORADO        County
of Boulder

 

On this 20th day
of April, 2009, before me personally appeared John Jackson, known or
proven to me to be the Vice President of the entity executing the foregoing instrument
(“Entity”) and Vilia Valentine, known or proven to me to be the
CFO of the Entity, and they acknowledged said instrument to be the free and voluntary act and deed of said Entity, for
the uses and purposes therein mentioned and on oath stated that the seal affixed is the seal of said Entity and that it was affixed
and that they executed said instrument by authority of the Entity. IN WITNESS WHEREOF, I have hereunto set my hand and affixed
my OFFICIAL SEAL the day and year first above written.

 

	 	
	 	Notary Public residing at. 	Louisville CO
	 	(Commission expires	4-25-2012)

 

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	REAL GOODS SOLAR, INC.	 	 	 	26-1851813	 	 
	 	 	 	 	 	 	 
	lndemnitor Name	 	 	 	Federal Tax ID #	 	Month/Date/Year
	 	 	 	 	 	 	 
	/s/ JOHN SCHAEFFER	 	 	 	/s/ ERIK
    ZECH	 	4/16/09
	 	 	 	 	 	 	 
	Signature of Authorized Official	 	Seal	 	Signature of Authorized Official	 	Seal
	 	 	 	 	 	 	 
	JOHN SCHAEFFER, PRESIDENT	 	 	 	ERIK ZECH, CHIEF FINANCIAL OFFICER	 	 
	 	 	 	 	 	 	 
	Print or Type Name and Title	 	 	 	Print or Type Name and Title	 	 

 

ACKNOWLEDGEMENT

STATE OF                                       County
of                                      

 

Notary Certificate Attached

 

On this                day
of               ,               ,
before me personally appeared                           ,
known or proven to me to be the                                                        of
the entity executing the foregoing instrument (“Entity”) and                        ,
known or proven to me to be the                                        of
the Entity, and they acknowledged said instrument to be the free and voluntary act and deed of said Entity, for the uses and purposes
therein mentioned and on oath stated that the seal affixed is the seal of said Entity and that it was affixed and that they executed
said instrument by authority of the Entity. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my OFFICIAL SEAL the day
and year first above written.

 

	 	 
	 	Notary Public residing at.	 
	 	(Commission expires	)

 

	REGRID POWER, INC. 	 	 	 	20-2171343	 	 
	 	 	 	 	 	 	 
	lndemnitor Name	 	 	 	Federal Tax ID #	 	Month/Date/Year
	 	 	 	 	 	 	 
	/s/ D. THOMPSON
    McCalmont	 	 	 	/s/ DARLENE
    J. McCalmont	 	4/10/09
	 	 	 	 	 	 	 
	Signature of Authorized Official	 	Seal	 	Signature of Authorized Official	 	Seal
	 	 	 	 	 	 	 
	D. THOMPSON MCCALMONT, CHIEF EXECUTIVE OFFICER	 	 	 	DARLENE MCCALMONT, VICE PRESIDENT OPERATIONS
	 	 	 	 	 	 	 
	Print or Type Name and Title	 	 	 	Print or Type Name and Title	 	 

 

ACKNOWLEDGEMENT

STATE OF CA County of SANTA CLARA

 

On this 10 day of April, 2009,
before me personally appeared D.T. McCalmont,
known or proven to me to be the CEO of the entity executing the
foregoing instrument (“Entity”) and DARLENE McCalmont,
known or proven to me to be the V.P. OPERATIONS of the Entity, and
they acknowledged said instrument to be the free and voluntary act and deed of said Entity, for the uses and purposes
therein mentioned and on oath stated that the seal affixed is the seal of said Entity and that it was affixed and that they
executed said instrument by authority of the Entity. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my OFFICIAL
SEAL the day and year first above written.

 

	 	/s/ C. Hostetler
	 	Notary Public residing at.	SANTA CLARA COUNTY
	 	(Commission expires	6/6/2010)

 

 

    	Argo GIA(S) 2009	Page 4 of 4

     

    

  

State of California

County of Sonoma

 

On 4/16/2009 before me, Kimberly K. Matherly –
Notary Public personally appeared John Schaeffer &  Erik Zech, who proved to me on the basis of satisfactory
evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they
executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the
person(s), or entity upon behalf of which the person(s) acted, executed the instrument.

 

I certify under PENALTY OF PERJURY under the laws of the State of
California that the foregoing paragraph is true and correct.

 

	WITNESS my hand and official seal.	 	
	 	 
	/s/ Kimberly K. Matherly	 

 

******************************************************************

 

CAPACITY CLAIMED BY SIGNER

 ̈
Individual

x
Corporate President & CFO (Title)

 ̈
Partners -  ̈ Limited
 ̈ General

 ̈
Attorney-in-fact

 ̈
Trustee(s)

 ̈
Guardian/Conservator

 ̈
Other                            

 

SIGNER IS REPRESENTING

 

Real Good Solar Inc.

 

This certificate attached to: Argonaut Ins. Co. General Indemnity
Agreement.Exhibit 10.9

 

Bond No. SUR0020555

 

FINAL ACCEPTANCE PAYMENT
AND PERFORMANCE BOND

 

KNOW ALL MEN BY THESE PRESENTS, that we Real
Goods Energy Tech, Inc. D/B/A Real Goods Solar, Inc., as Principal (and Contractor), and Argonaut Insurance Company
as Surety, are held and firmly bound unto BAL Solar Portfolio I, LLC (“Obligee”)
for the sum of Six Hundred Twenty Three Thousand Nine Hundred Forty Six and 20/100 ($623,946.20), in good and lawful money
of the United States of America, the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors,
administrators, successors and assigns, jointly and severally, firmly by these presents.

 

THE CONDITION OF THE OBLIGATION IS SUCH, That
Whereas, the Principal entered into a certain Engineering, Procurement, and Construction Agreement dated June 16, 2012, with GASNA
14P, LLC (the “Contract”, which shall have the same meaning as the “Agreement”, as defined therein) for the
Williamstown Solar Project (“Project”)1.

 

NOW THEREFORE, if the said Principal shall
fully perform, each, every and all of the terms and conditions of said Contract (including any amendments to the Contract) on
the part of the said Principal to be kept performed, including but not limited to, compliance with all guarantees, warranties,
indemnities, achievement of Provisional and Final Acceptance, the payment of liquidated damages, and all other obligations set
forth in the Contract or its amendments (collectively, the “Obligations”), then this obligation shall be of no effect,
but otherwise it shall remain in full force and effect, and Surety shall perform, cause to be performed (including without limitation
correct any defective work, execute any required warranty work and satisfy all conditions required for Provisional and Final Acceptance,
all in accordance with the Contract requirements) and/or otherwise financially satisfy said Obligations (including all damages
incurred by Obligee due to Contractor’s default). With respect to the performance of any work required and otherwise requested
under this Bond, Surety shall, at its expense and the discretion of the Obligee (in addition to paying Obligee all damages incurred
by Obligee as a result of Contractor’s default), either: (a) arrange for the Contractor, with the consent of Obligee, to perform
and complete the required Obligations; (b) obtain bids or negotiated proposals from qualified contractors acceptable to Obligee
for a contract to perform and complete the Obligations, arrange for a contract to be prepared for execution by Obligee and a contractor
selected with Obligee’s concurrence, to be secured with performance and payment bonds executed by a qualified surety equivalent
to the bonds issued on the Contract and which work shall all be paid for by Surety; (c) undertake to perform and complete the
Obligations itself, through its agents or independent contractors; or (d) indemnify Obligee for all costs incurred by Obligee
to perform and complete the Obligations on its own. This Final Acceptance Payment and Performance Bond (the “Bond”)
shall remain in effect during the period described below.

 

The term of this bond is for the period commencing
February 15, 2013 and expiring on October 15, 2015, unless released by the Obligee prior thereto. However, the term
of this bond may be renewed for an additional one-year period(s) by the issuance of a Continuation Certificate by the Surety.

 

 

1
All capitalized terms not defined herein shall have the same meaning as defined in the Contract.

 

     

     

    

 

It is
a condition hereof that any change, alteration, modification or amendment of any nature whatsoever that may be made in the
terms of said Contract, any change in the character of scope of the work to be performed, or the method of performance, under
said Contract or modification of said Contract or in the time for completion thereof, any change in the manner, time
or amount of payment as provided therein, or any change that may be made in the performance of the work under said Contract,
may be made without notice to the Surety, and without affecting the obligations of the Surety under this bond and without
requiring the consent of the Surety, and no such change or changes shall release the Surety from any of its obligations
hereunder, and the Surety hereby consents to and waives notice of any such change, alteration, modification or
amendment.

 

Upon first demand of the Obligee, Surety unconditionally,
expressly and irrevocably agrees to pay to Obligee making said demand the sum requested by Obligee within Thirty (30) calender
days from the date of such demand. Surety agrees that demand for payment or performance of the obligation to the Principal shall
not be required prior to presentation of such demand for payment from the Surety and/or a condition precedent to the Surety’s
obligation to make payment to any Obligee under this Bond. Any demand for payment presented to Surety by the Obligee hereunder
shall be a simple statement that shall state that the Principal is in breach of the Contract and shall also include the account
information of the Obligee.

 

Any demands against Surety under this Bond should
be made to:

 

Argonaut Insurance Company

 

225 W. Washington, 6th
Floor

 

Attention: Surety Bond Claims

 

phone: 312-849-6992; email: contact@argosurety.com

 

Any legal proceedings arising under or otherwise
related to this Bond may be instituted in any court of competent jurisdiction (federal or state) where the Project is located,
which venue and jurisdiction the Surety expressly consents to for any dispute arising from or relating to the enforcement of this
Bond.

 

Obligee may freely assign
its rights, title and interest under the Bond to any person, firm, or entity.

 

Nothing herein shall in any
way limit, cap or otherwise modify Contractor’s obligations, financial and otherwise, under the Contract.

 

The Surety’s total obligation
shall not exceed the penal sum of this Bond.

 

IN WITNESS WHEREOF, the said
Principal and Surety have hereunto set their hands and seals, this 15th day of February 2013.

 

     

     

    

 

	CONTRACTOR AS PRINCIPAL
	 	SURETY
	Company:	Real Goods Energy Tech, Inc.	 	Company: Argonaut Insurance Company
	 	D/B/A Real Goods Solar, Inc. (Seal)	 	(Seal)
	 	 	 	 
	Signature:	 	 	Signature:	/s/ Angela M. Tindol
	Name and Title:	 	Name and Title: Angela M. Tindol, Attorney-in-Fact
	 	 	 	Attach Power of Attorney
	 	 	 	 
	Witness:	 	 	Witness:	 

 

	(Any additional signatures appear on page attached) 
	FOR INFORMATION  ONLY	 
	AGENT OR BROKER:	 
	(Name, Address and Telephone)	 
	 	 
	Acknowledged and Accepted:	 
	 	 
	GASNA 14P, LLC	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

     

     

    

 

AS-0049502

 

Argonaut Insurance Company

Deliveries Only: 225 W.
Washington, 6th Floor

Chicago, IL 60606

 

United States Postal Service:
P.O. Box 469011, San Antonio, TX 78246

 

POWER OF ATTORNEY

 

KNOW ALL MEN BY THESE PRESENTS: That the Argonaut Insurance Company,
a Corporation duly organized and existing under the laws of the State of Illinois and having its principal office in the County
of Cook, Illinois does hereby nominate, constitute and appoint:

 

Anuj Jain, Sheila J. Montoya, Charles McDaniel,
Mona D. Weaver, Angela M. Tindol, John Browning

 

Their true and lawful agent(s) and attorney(s)-in-fact, each in
their separate capacity if more than one is named above, to make, execute, seal and deliver for and on its behalf as surety, and
as its act and deed any and all bonds, contracts, agreements of indemnity and other undertakings in suretyship provided, however,
that the penal sum of any one such instrument executed hereunder shall not exceed the sum of:

 

$25,000,000,00

 

This Power of Attorney is granted and is
signed and sealed under and by the authority of the following Resolution adopted by the Board of Directors of Argonaut
Insurance Company:

 

“RESOLVED, That the President, Senior Vice President, Vice
President, Assistant Vice President, Secretary, Treasurer and each of them hereby is authorized to execute powers of attorney,
and such authority can be executed by use of facsimile signature, which may be attested or acknowledged by any officer or attorney, of the Company, qualifying the attorney or attorneys named in the given power of attorney, to execute in behalf of, and acknowledge
as the act and deed of the Argonaut Insurance Company, all bond undertakings and contracts of suretyship, and to affix the corporate
seal thereto.”

 

IN WITNESS WHEREOF, Argonaut Insurance Company has caused its official
seal to be hereunto affixed and these presents to be signed by its duly authorized officer on the 15th day of June, 2012.

	 	 	Argonaut Insurance Company
	 	 	 
	 	by:	/s/ Michael
    E. Arledge
	 		Michael E. Arledge, President

 

STATE OF TEXAS

COUNTY OF HARRIS SS:

 

On this 15th day of June, 2012 A.D., before me, a Notary Public
of the State of Texas, in and for the County of Harris, duly commissioned and qualified, came THE ABOVE OFFICER OF THE COMPANY, to me personally known to be the individual and officer described in, and who executed the preceding instrument, and he acknowledged
the execution of same, and being by me duly sworn, deposed and said that he is the officer of the said Company aforesaid, and
that the seal affixed to the preceding instrument is the Corporate Seal of said Company, and the said Corporate Seal and his
signature as officer were duly affixed and subscribed to the said instrument by the authority and direction of the said corporation,
and that Resolution adopted by the Board of Directors of said Company, referred to in the preceding instrument is now in force.

 

IN TESTIMONY WHEREOF, I have hereunto set my hand, and affixed
my Official Seal at the County of Harris, the day and year first above written.

 

	 	 	 
	 	 
	 	 
	 	/s/ Stephanie Gunderson
	 	(Notary Public)

 

I, the undersigned Officer of the Argonaut Insurance Company, Illinois
Corporation, do hereby certify that the original POWER OF ATTORNEY of which the foregoing is a full, true and correct copy
is still in full force and effect and has not been revoked.

 

IN WITNESS WHEREOF, I have hereunto set my hand, and affixed the
Seal of said Company, on the 15th day of February, 2013

 

	 	/s/ Joshua
    C. Betz
	 	Joshua C.
    Betz, Vice President

 

THIS DOCUMENT IS
NOT VALID UNLESS PRINTED ON SHADED BACKGROUND WITH BLUE SERIAL NUMBER IN THE UPPER RIGIIT HAND
CORNER. IF YOU HAVE QUESTIONS ON AUTHENTICITY OF THIS
DOCUMENT CALL (210) 321-8400.

 

     

     

    

 

Bond No. DVIFSU0614645

 

SURETY BOND TO PROTECT AGAINST MECHANICS'
LIEN CLAIM

 

KNOW ALL MEN BY THESE PRESENTS, that we Real
Goods Energy Tech, Inc. D/B/A Real Goods Solar, Inc., a corporation organized and existing under the laws of the State
of Illinois (as “Principal”) and International Fidelity Insurance Company, duly authorized and qualified
to become surety on bonds in the State of Vermont (as “Surety”) are held and firmly bound unto First American
Title Insurance Company (as “Obligee”) in the penal sum of: Four Hundred Fifty Six Thousand Four Hundred
Fifty Nine and 77/100 ($456,459.77) for the payment of which, well and truly to be made, we hereby bind ourselves
and each of us, our and each of our successors and assigns, jointly and severally, firmly by these presents.

 

The condition of the above obligation is such
that, whereas, the Obligee is about to issue its guaranty policy or an endorsement thereto No. 5011450-0002292e upon and guaranteeing
the title to the following described real estate, to wit:

 

See Exhibit A attached hereto and made a part hereof.

 

WHEREAS said Obligee, in its examination of
the title to said real estate, has raised as exceptions to the title the following mentioned actual or supposed rights and interests,
liens, claims, encumbrances, or defects in title, which now exist or may at any time be claimed to exist, against the premises
hereinabove described or some part thereof, to wit:

 

Notice and Memorandum of Lien filed by E.S.S.,
LLC, against GASNA 14P, LLC, recorded on the 14th day of November, 2012, as Book No.
153 Page No. 267 of the Town of Williamstown, Vermont land records, in the amount of Three Hundred Four Thousand
Three Hundred Six and 51/100 ($304,306.51) (“Claim for Lien”).

 

WHEREAS said Obligee has been requested to
issue its guaranty policy as aforesaid, free and clear of all mention of said Claim for Lien; and

 

WHEREAS said Obligee may hereafter in the ordinary
course of its business issue another policy or other policies, other endorsement or endorsements, in the form or forms now or then
commonly used by said Obligee, guaranteeing the title to said premises or to some part or parts thereof or interest therein without
mention of said Claim for Lien:

 

NOW, THEREFORE, if the said Principal shall
forever fully protect, defend and save harmless said Obligee from and against the said Claim for Lien and from and against any
and every suit, action or proceeding to enforce the same (to the extent that said Claim for Lien pertains to or concerns the above
described real estate or any part thereof), and from any and all loss, costs, damages, attorneys' fees and expenses of every kind
and nature which it may at any time or times suffer or incur under or by reason or consequences of said guaranty policy including
endorsements thereto and (or) of any and every other policy or policies which it may at any time or times hereafter issue guaranteeing
the title to said real estate or to any part or parts thereof or interest therein, on account of said Claim for Lien or on account
of any rights asserted or which may be asserted thereunder, or on account of any mechanics' lien existing in favor of said Principal
or of any person or persons claiming by, through or under said Principal, upon or against said real estate or as the results of
any suit action or proceeding to enforce such lien or any part thereof; and shall, as against the assertion or attempted assertion
of such lien on said real estate or any part thereof, or on account thereof, defend at its own cost and charges in behalf and for
the protection of said Obligee and of the parties guaranteed, or who may be guaranteed by it under its said policy or policies
(but without prejudice to the right of said Obligee to defend if it so elects), any and every suit, action or proceeding in which
such lien or any part thereof may be asserted or attempted to be asserted upon or against said real estate or any part thereof
or interest therein, then the above obligation be void; otherwise to remain in full force and virtue.

 

    1 

     

    

  

It is understood and agreed that the Surety’s
liability hereunder is limited to the penal sum of this bond.

 

Signed, sealed and dated this 18th day
of February, 2013.

 

	(Principal)	 	(Surety)
	 	 	 
	Real Goods Energy Tech, Inc. D/B/A Real Goods Solar, Inc.	 	International Fidelity Insurance Company

 

	By:	 	 	By:	/s/ Angela M. Tindol	 

 

	Its:	 	 	Its:	Angela M. Tindol, Attorney-in-Fact

 

    2 

     

    

  

Tel (973) 624-7200

POWER OF ATTORNEY

 

INTERNATIONAL
FIDELITY INSURANCE COMPANY

ALLEGHENY CASUALTY COMPANY

 

ONE NEWARK CENTER, 20TH FLOOR NEWARK, NEW JERSEY
07102-5207

 

KNOW ALL MEN BY THESE PRESENTS:   That
INTERNATIONAL FIDELITY INSURANCE COMPANY, a corporation organized and existing under the laws of the State of New Jersey,
and ALLEGHENY CASUALTY COMPANY a corporation organized and existing under the laws of the State of Pennsylvania, having
their principal office in the city of Newark, New Jersey, do hereby constitute and appoint 

	
         

        ANGELA HAUCK, JOHN BROWNING, CHARLES
        M. MCDANIEL, ANGELA M. TINDOL, MONA D. WEAVER, SHEILA J. MONTOYA, ANUJ JAIN

         

         

        Denver, CO.

 

their true and lawful attorney(s)-in-fact to
execute, seal and deliver for and on its behalf as surety, any and all bonds and undertakings, contracts of indemnity and other
writings obligatory in the nature thereof, which are or may be allowed, required or permitted by law, statute, rule, regulation,
contract or otherwise, and the execution of such instrument(s) in pursuance of these presents, shall be as binding upon the said
INTERNATIONAL FIDELITY INSURANCE COMPANY and ALLEGHENY CASUALTY COMPANY, as fully and amply, to all intents and purposes, as if
the same had been duly executed and acknowledged by their regularly elected officers at their principal offices.

 

This Power of Attorney is executed, and may
be revoked, pursuant to and by authority of the By-Laws of INTERNATIONAL FIDELITY INSURANCE COMPANY and ALLEGHENY CASUALTY COMPANY
and is granted under and by authority of the following resolution adopted by the Board of Directors of INTERNATIONAL FIDELITY INSURANCE
COMPANY at a meeting duly held on the 20th day of July, 2010 and by the Board of Directors of ALLEGHENY CASUALTY COMPANY at a meeting
duly held on the 15th day of August, 2000:

 

“RESOLVED, that (1) the President, Vice
President, or Secretary of the Corporation shall have the power to appoint, and to revoke the appointments of, Attorneys-in-Fact
or agents with power and authority as defined or limited in their respective powers of attorney, and to execute on behalf of the
Corporation and affix the Corporation’s seal thereto, bonds, undertakings, recognizances, contracts of indemnity and other
written obligations in the nature thereof or related thereto; and (2) any such Officers of the Corporation may appoint and revoke
the appointments of joint-control custodians, agents for acceptance of process, and Attorneys-in-fact with authority to execute
waivers and consents on behalf of the Corporation; and (3) the signature of any such Officer of the Corporation and the Corporation’s
seal may be affixed by facsimile to any power of attorney or certification given for the execution of any bond, undertaking, recognizance,
contract of indemnity or other written obligation in the nature thereof or related thereto, such signature and seals when so used
whether heretofore or hereafter, being hereby adopted by the Corporation as the original signature of such officer and the original
seal of the Corporation, to be valid and binding upon the Corporation with the same force and effect as though manually affixed.”

 

IN WITNESS WHEREOF, INTERNATIONAL FIDELITY
INSURANCE COMPANY and ALLEGHENY CASUALTY COMPANY have each executed and attested these presents on this 12th day of March, 2012.

 

	 	
        STATE OF NEW JERSEY

        County of Essex

         
	
         

         

        /s/ Robert W. Minster

         

        ROBERT W.
        MINSTER

        Executive Vice President/Chief Operating Officer

        (International Fidelity Insurance Company)

        and President (Allegheny Casualty Company)
	 

 

On this 12th day of March 2012, before me
came the individual who executed the preceding instrument, to me personally known, and, being by me duly sworn, said he is the
therein described and authorized officer of INTERNATIONAL FIDELITY INSURANCE COMPANY and ALLEGHENY CASUALTY COMPANY; that
the seals affixed to said instrument are the Corporate Seals of said Companies; that the said Corporate Seals and his signature
were duly affixed by order of the Boards of Directors of said Companies.

 

	 	IN TESTIMONY WHEREOF, I have hereunto set my hand affixed my Official Seal, at the City of Newark, New Jersey the day and year first above written.

	 	
        /s/ Cathy Vazquez

         

        A NOTARY PUBLIC OF NEW JERSEY

        My Commission Expires Mar. 27, 2014

 

CERTIFICATION

 

I, the undersigned officer of INTERNATIONAL
FIDELITY INSURANCE COMPANY and ALLEGHENY CASUALTY COMPANY do hereby certify that I have compared the foregoing copy of the Power
of Attorney and affidavit, and the copy of the Sections of the By-Laws of said Companies as set forth in said Power of Attorney,
with the originals on file in the home office of said companies, and that the same are correct transcripts thereof, and of the
whole of the said originals, and that the said Power of Attorney has not been revoked and is now in full force and effect.

 

IN TESTIMONY WHEREOF, I have hereunto set my
hand this 18th day of February, 2013.

 

	 	/s/ Maria H. Branco
	 	 
	 	MARIA BRANCO, Assistant Secretary

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