Document:

EX-10.13

 Exhibit 10.13 
 LOAN COMMITMENT 
 LOAN COMMITMENT dated as of November 13, 2012 (this
“Agreement”), is among Real Goods Solar, Inc., a Colorado corporation (the “Company”), Riverside Renewable Energy Investments, LLC, a Delaware limited liability company (“Riverside”), and Gaiam,
Inc., a Colorado corporation (“Gaiam” and, collectively with Riverside, the “Shareholders”). In consideration of the premises and mutual covenants contained in this Agreement and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound hereby, agree as follows: 
 Article I 
 DEBT COMMITMENT
AND LOAN EXTENSION 
 1.1 Gaiam Commitment. Gaiam agrees to make, in
single or multiple cash advances by wire transfer to the Company, loans of up to $1,000,000 in the aggregate, within five (5) business days of receiving written notice from the Company requesting an advance. Gaiam’s commitment obligation
pursuant to this Section 1.1 will terminate at the close of business on March 31, 2013 or upon advancing the full amount of Gaiam’s commitment under this Section 1.1. 

1.2 Riverside Commitment. Riverside agrees to make, in a single or multiple cash advances by wire transfer to the Company, loans
in an amount of up to $1,000,000 in the aggregate within five (5) business days of receiving written notices from the Company requesting an advance. Riverside’s commitment obligation pursuant to this Section 1.2 will terminate at the
close of business on March 31, 2013 or upon advancing the full amount of Riverside’s commitment under this Section 1.2. 
 1.3 Equal Treatment of Advances. Notwithstanding anything in this Agreement to the contrary, any advances under this Agreement shall be made in equal amounts by both Riverside and Gaiam and the
Company shall only request equal amounts from Riverside and Gaiam. 
 1.4 Promissory Note. Each advance by the
Shareholders will be evidenced by a promissory note issued by the Company in favor of the respective lender in the form attached to this Agreement (the “Notes”). 
 1.5 Lease and Tenant Improvements. The Company agrees that it will execute and deliver to Gaiam an option agreement, reasonably acceptable to both parties, permitting Gaiam to purchase for $200,000
all tenant improvements constructed by the Company in the space leased by the Company at 833 W. South Boulder Road, Louisville, CO, 80027. Such option agreement will be exercisable by Gaiam at any time on or prior to December 31, 2013 and
Gaiam’s payment for such tenant improvements will be amortized in equal installments over the remaining term of the Company’s lease. In addition, the Company agrees that it will execute and deliver to Gaiam an amendment to the
Company’s lease for the space at 833 W. South Boulder Road, Louisville, CO, 80027, reasonably acceptable to both parties, pursuant to which the Company will agree to cancel, effective December 31, 2012, the $3 per square foot credit set
forth in the current lease. 
 1.6 Extension. On December 31, 2012, the maturity date on Gaiam’s existing loan
to the Company in the principal amount of $1.7 million (the “Existing Loan”), will be automatically extended, without any further action by the parties, to April 30, 2013, provided that the Company has repaid all accrued but
unpaid interest then owing to Gaiam on such Existing Loan. 
 Article II 

TERMINATION 
 This Agreement shall become null and void and be of no further force or effect, and neither the Shareholders nor the Company shall have any further obligations hereunder or with respect to this Agreement
upon the first to occur of (i) the mutual written consent of the Company and the Shareholders to terminate this Agreement, 

 
(ii) March 31, 2013, if the Company has not requested the loans from the Shareholders described in this Agreement on or prior to such date, and (iii) final payment of all principal and
interest on the loans, if the Company has requested the loans from the Shareholders described in this Agreement. 
 Article
III 
 MISCELLANEOUS 
 3.1 Governing Law. In all respects, including all matters of construction, validity and performance, this Agreement shall be governed by, and construed and enforced in accordance with, the internal
laws of the State of Colorado applicable to contracts made and performed in that State (without regard to the choice of law or conflicts of law provisions) and any applicable laws of the United States of America. 

3.2 Notices. All notices, demands and other communications to be given or delivered under or by reason of the provisions of this
Agreement will be in writing and will be deemed to have been given (i) when delivered if personally delivered by hand (with written confirmation of receipt), (ii) when received if sent by a nationally recognized overnight courier service
(receipt requested), or (iii) when receipt is acknowledged by an affirmative act of the party receiving notice, if sent by facsimile, telecopy or other electronic transmission device (provided that such an acknowledgement does not include an
acknowledgment generated automatically by a facsimile or telecopy machine or other electronic transmission device). Notices, demands and communications to the Company, Gaiam or Riverside will, unless another address is specified in writing, be sent
to the address indicated below: 
 If to the Company to: 

Real Goods Solar, Inc. 
 833 W. South Boulder Road 
 Louisville, Colorado 80027-2452 

Attention: Kam Mofid, CEO 
 Telephone: (303) 222-8303 
 Facsimile: 303-222-3700 

E-Mail: kam.mofid@realgoods.com 
 with a copy (which shall not serve as notice) to: 
 Brownstein Hyatt Farber
Schreck, LLP 
 410 Seventeenth Street, Suite 2200 
 Denver, CO 80202-4432 
 Attention: Kristin M. Macdonald 

Telephone: 303.223.1242 
 Facsimile: 303.223.8042 
 E-Mail: kmacdonald@bhfs.com 

If to Gaiam to: 
 Gaiam, Inc. 
 833 W. South Boulder Road 

Louisville, Colorado 80027-2452 
 Attention: John Jackson 
 Telephone: (303) 222-3809 

Facsimile: 303-222-3700 
 E-Mail: john.jackson@gaiam.com 

 with a copy (which shall not serve as notice) to: 

Bartlit Beck Herman Palenchar & Scott LLP 
 1899 Wynkoop, Ste 800 
 Denver, Colorado 80202 

Attention: Thomas R. Stephens 
 Telephone: (303) 592-3100 
 Facsimile: (303) 592-3140 

E-Mail: thomas.stephens@bartlit-beck.com 
 If to Riverside to: 
 c/o Riverside Partners, LLC 

One Exeter Plaza 
 699 Boylston Street 
 Boston, Massachusetts 

Attention: David Belluck 
 Telephone: (617) 351-2806 
 Facsimile: (617) 351-2801 

E-Mail: dbelluck@riversidepartners.com 
 or at such other address or addresses as the Company, Gaiam or Riverside, as the case may be, may specify by written notice given in accordance with this Section 3.2. 

3.3 Benefit of Parties; Assignment. The provisions of this Agreement shall be binding upon the parties to this Agreement and their
respective permitted successors and assigns and inure to the benefit of the Company and the Shareholders and their respective permitted successors and assigns. This Agreement may not be assigned by the Company without the prior written consent of
the Shareholders or by any Shareholder except with the prior written consent of the Company and the other Shareholder. 
 3.4
Amendment. Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed by each of the Company and the Shareholders. 

3.5 Waiver. Subject to the provisions of Section 1.3 hereof, no failure or delay by the Company or any Shareholder in
exercising any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.
The rights and remedies provided in this Agreement shall be cumulative and not exclusive of any rights or remedies provided by law. 
 3.6 Severability. If any provision of this Agreement or the application of such provision to any party or set of circumstances shall, in any jurisdiction and to any extent, be finally held invalid
or unenforceable, such term or provision shall only be ineffective as to such jurisdiction, and only to the extent of such invalidity or unenforceability, without invalidating or rendering unenforceable any other terms or provisions of this
Agreement or under any other circumstances, and the parties shall negotiate in good faith a substitute provision which comes as close as possible to the invalidated or unenforceable term or provision, and which puts each party in a position as
nearly comparable as possible to the position it would have been in but for the finding of invalidity or unenforceability, while remaining valid and enforceable. 
 3.7 Entire Agreement. This Agreement constitutes the entire agreement among the parties to this Agreement with respect to the subject matter of this Agreement and supersedes all prior agreements
and undertakings, both written and oral, among the parties with respect to the subject matter hereof. 
 3.8 Counterparts;
Effectiveness. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when
each party shall have received counterparts (or signature pages) hereof signed by all of the other parties. 

 3.9 Beneficiaries. Notwithstanding any provision in this Agreement to the contrary,
this Agreement shall not confer any rights or remedies upon any person other than the Company and the Shareholders and each of their successors and permitted assigns. 

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

 

			
	 THE COMPANY:

	
	 REAL GOODS SOLAR, INC., a Colorado corporation

		
	 By:
	 	 /s/ Kam Mofid

		 	 Name: Kam Mofid
 Title:
CEO

	
	 GAIAM:

	
	 GAIAM, INC., a Colorado corporation

		
	 By:
	 	 /s/ John R. Jackson

		 	 Name: John R. Jackson

Title: VP

	
	 RIVERSIDE:

	
	RIVERSIDE RENEWABLE ENERGY INVESTMETNS LLC, a Delaware limited liability company
		
	 By:
	 	 /s/ David Belluck

		 	 Name: David Belluck
 Title:
Managing Partner

 Form of Promissory Note 

This promissory note (this “Note”) has not been registered under the Securities Act of 1933, as amended, or under the
securities laws of any state. No transfer, sale or other disposition of this Note may be made unless a registration statement with respect to this Note has become effective under said Act, and such registration or qualification as may be necessary
under the securities laws of any state has become effective, or the Maker (as defined below) has been furnished with an opinion of counsel satisfactory to the Maker that such registration is not required. 

Payments of principal and interest in respect of this Note are subordinated to payments of certain other indebtedness of the Maker, as
set forth herein. 
 PROMISSORY NOTE 
 Louisville, Colorado 

$[            ]             
                                         
                                         
                                         
     [            ], 201     (the “Issue Date”) 
 FOR VALUE RECEIVED, the undersigned, REAL GOODS SOLAR, INC., a Colorado corporation (“Maker”), PROMISES TO PAY TO THE ORDER OF
[             ] or its registered assigns (the “Payee”), the sum of [            ] DOLLARS
($[            ]), in lawful money of the United States of America, together with interest on the unpaid principal amount, all in accordance with the provisions stipulated herein.

 Interest shall accrue on the principal amount of this Note at the rate of ten percent (10.0%) per annum, compounded
annually, calculated based on a 360-day year, and accruing daily from the Issue Date until repaid, and shall be due and payable on the Maturity Date (as defined below). 
 All unpaid principal and all accrued but unpaid interest shall mature and become due and payable in full on the earlier of April 26, 2013 or the occurrence of a Proceeding (the “Maturity
Date”). For the purposes of this Note, a “Proceeding” shall mean either (a) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief
in respect of Maker or such person’s debts, or of a substantial part of such person’s assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment
of a receiver, trustee, custodian, sequestrator, conservator or similar official for Maker or for a substantial part of such person’s assets, and, in any such case, such proceeding or petition shall continue undismissed for a period of 60 or
more days or an order or decree approving or ordering any of the foregoing shall be entered or (b) Maker shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any
Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause
(a) above, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Maker or for a substantial part of such person’s assets, (iv) file an answer admitting
the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing. 

If Maker completes a sale of at least $50,000 of the Maker’s capital stock (the “Equity Financing”), then the all or any
portion of the principal and interest owing on this Note will, at the option of the Payee, be converted into securities of the class or classes of equity securities of Maker issued in the Equity Financing, at the same purchase price as paid by other
purchasers in the Equity Financing and effective as of the close of business on the closing date of the Equity Financing. If this any portion of this Note is converted pursuant to this paragraph, the portion so converted will be deemed cancelled
without any further action by Maker or Payee. 
 If Maker fails to make payment of the principal and all
interest owing on this Note within 10 days of when due, then the Payee will have the option to acquire an undivided 50% interest in Maker’s real estate located in Hopland, California (including all land and buildings) in exchange for
cancellation of such principal and interest. This option is conditioned upon (1) the approval of Maker’s disinterested directors (namely Kam Mofid, Bob Scott, and John Schaeffer), and (2) Silicon Valley Bank’s consent. Upon
meeting these conditions, this option may be exercised by Payee by providing written notice to Maker at any time prior to midnight on the 20th day following the Maturity Date. If Payee exercises this option, Maker and Payee will cooperate in good faith to
execute and deliver appropriate real estate transfer documents to effect the transfer of such 50% interest to Payee on customary terms and conditions (including with respect to pro-rations of taxes and other expenses related to the property).

 Payee will have all rights and remedies of a creditor at law or in equity. All rights and remedies available to Payee under
this Note shall be cumulative of and in addition to all other rights and remedies granted to Payee at law or in equity. 

 Maker agrees, and Payee by accepting this Note agrees, that this Note, and the indebtedness
evidenced hereby, including all principal and interest (the “Subordinated Obligations”), shall be subordinate and junior in right of payment to the prior payment in full in cash of all indebtedness for borrowed money (the
“Senior Obligations”) owed by Maker to any lenders unaffiliated with Maker (the “Senior Lenders”), and that such subordination of the payment of the Subordinated Obligations to the payment in full of the Senior
Obligations shall be subject to customary subordination terms reasonably acceptable to such Senior Lenders, including the following: 
 (a) the subordination provisions shall be effective and apply to the Subordinated Obligations until such time as (i) the Senior Obligations shall be repaid in full in cash and (ii) all
commitments of the Senior Lenders to make loans or other credit extensions to or on behalf of Maker shall expire or terminate (the “Senior Obligations Termination”); and 

(b) notwithstanding any provision in this Note to the contrary, prior to the earlier of the Maturity Date and the Senior
Obligations Termination, Payee shall not ask, demand, sue for, take or receive from Maker or any other person or entity, directly or indirectly, in cash or other property or by set-off or in any other manner, and Maker shall not repay, or cause to
be repaid, any or all of the Subordinated Obligations, except under customary terms reasonably acceptable to the Senior Lenders. 
 Subject to the foregoing provisions, Maker shall have the right to prepay this Note at any time without premium or penalty, provided that payments will be applied first to accrued and unpaid interest on
the principal amount and the balance, if any, to the reduction of principal. 
 No modification, amendment, termination, or
cancellation of any provision of this Note shall be valid and binding, unless it be in writing and signed by Maker and Payee. No failure or delay on the part of Payee in exercising any right, power or privilege hereunder and no course of dealing
between Maker and Payee shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power
or privilege. 
 This note represents the final agreement between Maker and Payee and may not be contradicted by evidence of
prior, contemporaneous, or subsequent oral agreements between Maker and Payee. There are no unwritten oral agreements between Maker and Payee. 
 This Note shall be governed by, and construed in accordance with, the laws of the State of Colorado. 

 

			
	 MAKER: REAL GOODS SOLAR, INC.

		
	 By:
	 	              

	 Name:
	 	 Kam Mofid

	 Title:
	 	 CEO

  

			
	 Acknowledged and Agreed:

		
	 PAYEE:
	 	[                             
                   ]
		
	 By:
	 	  

	 Name:
	 	
	 Title:EX-10.14

 Exhibit 10.14 
 SECOND LOAN MODIFICATION AND REINSTATEMENT AGREEMENT 
 This Second Loan
Modification and Reinstatement Agreement (this “Loan Modification Agreement”) is entered into as of November 13, 2012 (the “Second Loan Modification Effective Date”), by and between SILICON VALLEY BANK,
a California corporation with a loan production office located at 555 Mission St., Suite 900, San Francisco, California 94105 (“Bank”), and REAL GOODS ENERGY TECH, INC., a Colorado corporation (“Real Goods
Energy”), REAL GOODS TRADING CORPORATION, a California corporation (“Real Goods Trading”), EARTH FRIENDLY ENERGY GROUP HOLDINGS, LLC, a Delaware limited liability company (“EFEG Holdings”),
ALTERIS RENEWABLES, INC., a Delaware corporation (“Alteris”), EARTH FRIENDLY ENERGY GROUP, LLC, a Delaware limited liability company (“EFEG”), SOLAR WORKS, LLC, a Delaware limited liability
company (“Solar Works”), ALTERIS RPS, LLC, a Delaware limited liability company (“RPS”), ALTERIS ISI, LLC, a Delaware limited liability company (“ISI”, and together with Real Goods
Energy, Real Goods Trading, EFEG Holdings, Alteris, EFEG, Solar Works and RPS, individually and collectively, jointly and severally, the “Borrower”) and, solely for purposes of Section 6 below, REAL GOODS SOLAR, INC., a
Colorado corporation (the “Secured Guarantor”). 
 Borrower and Bank hereby agree that, notwithstanding the
fact that the Revolving Line Maturity Date has passed, the Loan Agreement and all Loan Documents (and all terms and provisions contained therein) shall be deemed to be reinstated and in full force and effect as if the Revolving Line Maturity Date
did not occur prior to the extension herein. 
 1. DESCRIPTION OF EXISTING INDEBTEDNESS AND OBLIGATIONS. Among other indebtedness and
obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to a loan arrangement dated as of December 19, 2011, evidenced by, among other documents, a certain Loan and Security Agreement, dated as of
December 19, 2011, as amended by a certain First Loan Modification Agreement, dated as of August 28, 2012 (as amended, the “Loan Agreement”). Capitalized terms used but not otherwise defined herein shall have the same
meaning as in the Loan Agreement. 
 2. DESCRIPTION OF COLLATERAL Repayment of the Obligations is secured by the Collateral as described
in the Loan Agreement and in that certain Security Agreement, dated as of December 19, 2011, between the Secured Guarantor and Bank (as amended, the “Security Agreement”) (together with any other collateral security granted to
Bank, the “Security Documents”). 
 Hereinafter, the Loan Agreement, together with all other documents executed in connection
therewith evidencing, securing or otherwise relating to the Obligations shall be referred to as the “Existing Loan Documents”. 

3. DESCRIPTION OF CHANGE IN TERMS. 
  

	 	A.	Modifications to Loan Agreement. 

  

	 	1	The Loan Agreement shall be amended by deleting the following text appearing as Section 2.3(a)(i) thereof: 

“(i) Advances. Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue
interest at a floating per annum rate equal to the Prime Rate plus two and three-quarters percentage points (2.75%); provided that during a Streamline Period, the principal amount outstanding under the Revolving Line shall accrue
interest at a floating per annum rate equal to the Prime Rate, which interest shall be payable monthly, in arrears, in accordance with Section 2.3(g) below.” 
 and inserting in lieu thereof the following: 
 “(i) Advances. Subject
to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus four and three-quarters percentage points (4.75%); provided that during a
Streamline Period, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two percentage points (2.00%), which interest shall be payable monthly, in arrears,
in accordance with Section 2.3(g) below.” 
  

	 	2	The Loan Agreement shall be amended by deleting the following text appearing as Section 2.3(g) thereof: 

“(g) Payment; Interest Computation; Float Charge. Interest is payable monthly on the last calendar day of each month. In
computing interest on the Obligations, all Payments received after 12:00 noon Eastern time on any day shall be deemed received on the next Business Day. In addition, Bank shall be entitled to charge Borrower a “float” charge in an amount
equal to two (2) Business Days interest, at the interest rate 

 
applicable to the Advances, on all Payments received by Bank. The float charge for each month shall be payable on the last day of the month. Bank shall not, however, be required to credit
Borrower’s account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower’s Designated Deposit Account for the amount of any item of payment which is returned
to Bank unpaid.” 
 and inserting in lieu thereof the following: 

“(g) Payment; Interest Computation. Interest is payable monthly on the last calendar day of each month. In computing interest
on the Obligations, all Payments received after 12:00 noon Eastern time on any day shall be deemed received on the next Business Day. Bank shall not, however, be required to credit Borrower’s account for the amount of any item of payment which
is unsatisfactory to Bank in its good faith business judgment, and Bank may charge Borrower’s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid.” 

 

	 	3	The Loan Agreement shall be amended by inserting the following new Section 2.4(e) immediately following Section 2.4(d) thereof: 

“(e) Collateral Monitoring Fee. A monthly collateral monitoring fee of One Thousand Dollars ($1,000), payable in arrears on
the last day of each month (provided that: (i) such collateral monitoring fee shall be prorated for any partial month at the beginning and upon termination of this Agreement; and (ii) no collateral monitoring fee shall be applicable
during a Streamline Period).” 
  

	 	4	The Loan Agreement shall be amended by deleting the following text appearing as Section 6.2(a)(vi) thereof: 

“(vi) within twenty (20) days after approval by Borrower’s board of directors and in any event within sixty (60) days
after the end of each fiscal year of Borrower, (A) annual operating budgets (including income statements, balance sheets and cash flow statements, by quarter) for the upcoming fiscal year of Borrower, and (B) annual financial projections
for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial projections;” 

and inserting in lieu thereof the following: 
 “(vi) within twenty (20) days after approval by Borrower’s board of directors and in any event within sixty (60) days after the end of each fiscal year of Borrower (provided
that for the Borrower’s 2013 fiscal year, on or before December 31, 2012), (A) annual operating budgets (including income statements, balance sheets and cash flow statements, by quarter) for the upcoming fiscal year of Borrower,
and (B) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s board of directors, together with any related business forecasts used in the preparation of such annual financial
projections;” 
  

	 	5	The Loan Agreement shall be amended by deleting the following text appearing as Section 6.8(b) thereof: 

“(b) Provide Bank five (5) days prior-written notice before establishing any Collateral Account at or with any bank or
financial institution other than Bank or Bank’s Affiliates. For each Collateral Account that Borrower at any time maintains (including, without limitation, the Wells Fargo Account), Borrower shall cause the applicable bank or financial
institution (other than Bank) at or with which any Collateral Account is maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such Collateral Account to perfect Bank’s Lien in such Collateral
Account in accordance with the terms hereunder which Control Agreement may not be terminated without the prior written consent of Bank. The provisions of the previous sentence shall not apply to deposit accounts exclusively used for payroll, payroll
taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Bank by Borrower as such.” 

 and inserting in lieu thereof the following: 

“(b) Provide Bank five (5) days prior-written notice before establishing any Collateral Account at or with any bank or
financial institution other than Bank or Bank’s Affiliates. For each Collateral Account that Borrower at any time maintains (including, without limitation, the Wells Fargo Account, but excluding until required by Bank, in its sole discretion,
existing Collateral Accounts of Real Goods Trading maintained at financial institutions other than Bank), Borrower shall cause the applicable bank or financial institution (other than Bank) at or with which any Collateral Account is maintained to
execute and deliver a Control Agreement or other appropriate instrument with respect to such Collateral Account to perfect Bank’s Lien in such Collateral Account in accordance with the terms hereunder which Control Agreement may not be
terminated without the prior written consent of Bank. The provisions of the previous sentence shall not apply to deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of
Borrower’s employees and identified to Bank by Borrower as such.” 
  

	 	6	The Loan Agreement shall be amended by deleting the following text appearing as Section 6.9 thereof: 

“6.9 Financial Covenant. Maintain at all times, to be tested as of the last day of each month, on a consolidated basis with
respect to Borrower and its Subsidiaries (A) the sum of (i) Qualified Cash plus (ii) Borrower’s Eligible Accounts divided by (B) the total outstanding Obligations of Borrower owed to Bank, expressed as a ratio,
of at least 2.00:1.00.” 
 and inserting in lieu thereof the following: 

“6.9 Financial Covenant. Maintain at all times, to be tested as of the last day of each month, on a consolidated basis with
respect to Borrower and its Subsidiaries (A) the sum of (i) Qualified Cash (which Qualified Cash shall in any event at all times consist of not less than Five Hundred Thousand Dollars ($500,000) of Borrower’s unrestricted cash
maintained at Bank) plus (ii) Borrower’s Eligible Accounts divided by (B) the total outstanding Obligations of Borrower owed to Bank, expressed as a ratio, of at least 1.50:1.00.” 

 

	 	7	The Loan Agreement shall be amended by inserting the following definition, in its appropriate alphabetical order, in Section 13.1 thereof:

 “Second Loan Modification Effective Date” is November 12, 2012.

  

	 	8	The Loan Agreement shall be amended by deleting the following definitions from Section 13.1 thereof: 

“Borrowing Base” is (a) 80% of Eligible Accounts, as determined by Bank from Borrower’s most recent Borrowing
Base Certificate, provided, however, that Bank may decrease the foregoing percentage in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect the
Collateral. 
 “Revolving Line” is an Advance or Advances in an amount not to exceed Seven Million Dollars
($7,000,000) outstanding at any time. 
 “Revolving Line Maturity Date” is October 30, 2012. 

and inserting in lieu thereof the following: 
 “Borrowing Base” is (a) 75% of Eligible Accounts, as determined by Bank from Borrower’s most recent Borrowing Base Certificate, provided, however, that Bank may
decrease the foregoing percentage in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect the Collateral. 

“Revolving Line” is an Advance or Advances in an amount not to exceed Six Million Five Hundred Thousand Dollars
($6,500,000) outstanding at any time. 
 “Revolving Line Maturity Date” is March 31, 2013. 

 

	 	9	The Compliance Certificate attached as Exhibit B to the Loan Agreement is hereby deleted in its entirety and is replaced with Exhibit A attached hereto.

 4. CONDITIONS PRECEDENT. Borrower hereby agrees that the following documents shall be delivered to the Bank prior to or
concurrently with the execution of this Loan Modification Agreement, each in form and substance satisfactory to the Bank (collectively, the “Conditions Precedent”): 

	 	A.	copies, certified by a duly authorized officer of Borrower, to be true and complete as of the date hereof, of each of (i) the governing documents of Borrower as in
effect on the date hereof (but only to the extent modified since last delivered to the Bank), (ii) the resolutions of Borrower authorizing the execution and delivery of this Loan Modification Agreement, the other documents executed in
connection herewith and Borrower’s performance of all of the transactions contemplated hereby (but only to the extent required since last delivered to Bank), and (iii) an incumbency certificate giving the name and bearing a specimen
signature of each individual who shall be so authorized on behalf of Borrower (but only to the extent any signatories have changed since such incumbency certificate was last delivered to Bank); 

 

	 	B.	good standing certificates of each Borrower certified by the Secretary of State of each State in which Borrower is organized or incorporated, together with a
certificate of foreign qualification from the applicable authority in each jurisdiction in which Borrower is so qualified, in each case dated as of a date no earlier than thirty (30) days prior to the Second Loan Modification Effective Date;

  

	 	C.	evidence satisfactory to Bank that Borrower has received a commitment for not less than Two Million Dollars ($2,000,000) from the issuance of additional equity and/or
additional Subordinated Debt (the “2012 Commitment”), which 2012 Commitment may be decreased in the event that Borrower raises additional capital (through the issuance of additional equity and/or additional Subordinated Debt), by
the amount of such additional capital (in the event such 2012 Commitment proceeds are the result of the issuance of additional Subordinated Debt, such Subordinated Debt will be issued to Borrower’s existing holders of Subordinated Debt or such
new holders of Subordinated Debt will be subject to a Subordination Agreement in favor of Bank, in each case in form and substance acceptable to Bank, in its sole discretion); 

 

	 	D.	executed copies of each Acknowledgment and Reaffirmation of Subordination Agreement from (i) Gaiam, Inc. (existing $1.7MM unsecured Promissory Note) and
(ii) Riverside Renewable Energy Investments, LLC (existing $3MM unsecured Promissory Note), together with evidence acceptable to Bank that the maturity date of such Subordinated Debt has been extended (as necessary) to no earlier than
April 1, 2013; and 

  

	 	E.	such other documents as Bank may reasonably request. 

 5. FEES. Borrower shall pay to Bank an extension fee equal to Fifty Thousand Dollars ($50,000.00), which fee shall be due on the date hereof and shall be deemed fully earned as of the date hereof.
Borrower shall also reimburse Bank for all legal fees and expenses incurred in connection with the Existing Loan Documents and this Loan Modification Agreement. 
 6. TERMINATION FEE; WARRANT. In the event that the Secured Guarantor or any entity comprising Borrower consummates a Change of Control on or before the earlier to occur of the Revolving Line
Maturity Date and repayment in full of all Obligations, Borrower shall concurrently with such consummation pay to Bank a fee in cash in an amount equal to Three Hundred Thousand Dollars ($300,000) (the “Termination Fee”), which
Termination Fee shall be fully earned and non-refundable when paid. In the event that the Secured Guarantor or any entity comprising Borrower shall not have consummated a Change of Control on or before the earlier to occur of the Revolving Line
Maturity Date and repayment in full of all Obligations, then on and as of the date of such earlier-to-occur event the Secured Guarantor shall execute and deliver to Bank a Warrant to Purchase Stock in substantially the form attached as Exhibit
B hereto (the “Warrant”). Among other things: (i) the initial Warrant Price (as defined in the Warrant) shall be the average of the closing prices of a share of the Class (as defined in the Warrant) for the five
(5) consecutive trading days immediately preceding the date of issuance of the Warrant, (ii) the initial number of Shares (as defined in the Warrant) for which the Warrant shall be exercisable shall equal $195,000 divided by the initial
Warrant Price, and (iii) the Warrant shall have a term of seven (7) years from the date of issuance, subject to earlier termination in accordance with the provisions thereof. As used herein, “Change of Control” means
(x) with respect to any entity, a sale, assignment or other disposition by such entity of all or substantially all of its assets; (y) a sale, assignment or other disposition by the Secured Guarantor or any Borrower, in a single transaction
or series of related transactions, of a majority of the outstanding voting equity securities of any Borrower to an equity holder who was not an equity holder immediately prior to such transaction, or the issuance by any Borrower, in a single
transaction or series of related transactions, of voting equity securities constituting a majority of the total issued and outstanding voting equity securities of such Borrower immediately following the closing of such transaction or series of
related transactions to an equity holder who was not an equity holder immediately prior to such transaction; or (z) with respect to any entity, a merger or consolidation of such entity into or with another person or entity (other than a merger
effected solely for the purpose of changing such entity’s domicile). The Secured Guarantor represents and warrants to Bank that the execution and delivery of the Warrant (if any) in accordance with this Section 6 has been duly authorized
by all necessary action on the part of the Secured Guarantor’s Board of Directors. The Secured Guarantor and Borrower agree that the Warrant shall constitute an Obligation and that the failure of the Secured Guarantor to execute and deliver the
Warrant as and when required by this Section 6 shall constitute an Event of Default. 

 7. FINAL PAYMENT FEE. In addition to the fees and expenses described above, on the earlier to occur
of (a) March 31, 2013 and (b) the termination of the Revolving Line, when Bank has no further obligation to make Credit Extensions under the Loan Agreement, Borrower shall pay to Bank a final payment fee equal to Thirty Thousand
Dollars ($30,000), which final payment fee shall be fully earned and non-refundable when paid. 
 8. PAYMENT OF ACCRUED INTEREST TO GAIAM,
INC. Notwithstanding the terms and conditions of (i) Section 7.9 of the Loan Agreement, and (ii) the terms and conditions of that certain Subordination Agreement, dated as of December 19, 2011, by and between Bank and Gaiam,
Inc. (“Gaiam”), Borrower shall be permitted to pay to Gaiam, and Gaiam shall be permitted to receive and retain, all outstanding accrued but unpaid interest owed by Borrower to Gaiam pursuant to the terms and conditions of that
certain Promissory Note, dated on or about December 19, 2011 (the “Initial Gaiam Note”), so long as (x) no Event of Default has occurred and is continuing, or would result immediately after giving effect to such payment;
and (y) on or prior to such payment, the maturity date of the Initial Gaiam Note is extended to a date no earlier than April 30, 2013. 
 9. ADDITIONAL COVENANTS: RATIFICATION OF PERFECTION CERTIFICATE. Borrower hereby certifies that, other than as disclosed in the Perfection Certificate, no Collateral with a value greater than Ten
Thousand Dollars ($10,000) in the aggregate is in the possession of any third party bailee (such as at a warehouse). In the event that Borrower, after the date hereof, intends to store or otherwise deliver the Collateral with a value in excess of
Ten Thousand Dollars ($10,000) in the aggregate to such a bailee, then Borrower shall first receive, the prior written consent of Bank and such bailee must acknowledge in writing that the bailee is holding such Collateral for the benefit of Bank.
Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and disclosures contained in a certain Perfection Certificate, dated as of December 19, 2011, and acknowledges, confirms and agrees the disclosures and information
above Borrower provided to Bank in such Perfection Certificate remains true and correct in all material respects as of the date hereof. 
 10.
CONSENT. The Bank expressly consents to the terms, conditions and obligations of the Secured Guarantor, and, as applicable, Borrower, set forth in the Loan Commitment Agreement (together with the exhibits thereto), executed by the Secured
Guarantor in connection with the 2012 Commitment described in Section 4(C) above, a copy of which is attached as Exhibit C hereto. 
 11.
CONSISTENT CHANGES. The Existing Loan Documents are hereby amended wherever necessary to reflect the changes described above. 
 12.
RATIFICATION OF LOAN DOCUMENTS. Borrower hereby ratifies, confirms, and reaffirms all terms and conditions of the Loan Agreement and each other Loan Document, and of all security or other collateral granted to the Bank, and confirms that the
indebtedness secured thereby includes, without limitation, the Obligations. 
 13. NO DEFENSES OF BORROWER. Borrower hereby acknowledges
and agrees that Borrower has no offsets, defenses, claims, or counterclaims against Bank with respect to the Obligations, or otherwise, and that if Borrower now has, or ever did have, any offsets, defenses, claims, or counterclaims against Bank,
whether known or unknown, at law or in equity, all of them are hereby expressly WAIVED and Borrower hereby RELEASES Bank from any liability thereunder. 
 14. CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing Obligations, Bank is relying upon Borrower’s representations, warranties, and agreements, as set forth
in the Existing Loan Documents. Except as expressly modified pursuant to this Loan Modification Agreement, the terms of the Existing Loan Documents remain unchanged and in full force and effect. Bank’s agreement to waive the Existing Default
pursuant to this Loan Modification Agreement in no way shall obligate Bank to make any future waivers or any other modifications to the Obligations. Nothing in this Loan Modification Agreement shall constitute a satisfaction of the Obligations. It
is the intention of Bank and Borrower to retain as liable parties all makers of Existing Loan Documents, unless the party is expressly released by Bank in writing. No maker will be released by virtue of this Loan Modification Agreement. 

15. JURISDICTION/VENUE. Section 11 of the Loan Agreement is hereby incorporated by reference. 

16. COUNTERSIGNATURE. This Loan Modification Agreement shall become effective only when it shall have been executed by Borrower and Bank.

 [Signature page follows.] 

 This Loan Modification Agreement is executed as of the date first written above. 

 

									
	BORROWER	 		 		 	
			
	REAL GOODS ENERGY TECH, INC.	 		 	 REAL GOODS TRADING
 CORPORATION

					
	 By:
 Name:

Title:
	 	 /s/ Kam Mofid
 Kam Mofid
 CEO
	 		 	 By:
 Name:

Title:
	 	 /s/ Kam Mofid
 Kam Mofid
 CEO

			
	ALTERIS RENEWABLES, INC.	 		 	EARTH FRIENDLY ENERGY GROUP HOLDINGS, LLC
					
	 By:
 Name:

Title:
	 	 /s/ Kam Mofid
 Kam Mofid
 CEO
	 		 	 By:
 Name:

Title:
	 	 /s/ Kam Mofid
 Kam Mofid
 CEO

			
	EARTH FRIENDLY ENERGY GROUP, LLC	 		 	SOLAR WORKS, LLC
					
	 By:
 Name:

Title:
	 	 /s/ Kam Mofid
 Kam Mofid
 CEO
	 		 	 By:
 Name:

Title:
	 	 /s/ Kam Mofid
 Kam Mofid
 CEO

			
	ALTERIS ISI, LLC	 		 	ALTERIS RPS, LLC
					
		 	 By: Alteris Renewables, Inc.
 Its: Sole Member
	 		 		 	 By: Alteris Renewables, Inc.
 Its: Sole Member

					
	 By:
 Name:

Title:
	 	 /s/ Kam Mofid
 Kam Mofid
 CEO
	 		 	 By:
 Name:

Title:
	 	 /s/ Kam Mofid
 Kam Mofid
 CEO

  

			
	 REAL GOODS SOLAR, INC.
 (solely for purposes of Section 6)

		
	By:	 	 /s/ Kam Mofid

	 Name:
 Title:
	 	 Kam Mofid

CEO

  

			
	 BANK:
  

SILICON VALLEY BANK

		
	By:	 	 /s/ Elisa Sun

	 Name:
 Title:
	 	 Elisa Sun
 Relationship
Manager

 Acknowledgment and Agreement: 
 The undersigned ratifies, confirms and reaffirms, all and singular, the terms and conditions of a certain Unconditional Guaranty and a certain Security Agreement, each dated as of December 19, 2012,
and each document executed in connection therewith, and acknowledges, confirms and agrees that the Unconditional Guaranty, Security Agreement and each document executed in connection therewith shall remain in full force and effect and shall in no
way be limited by the execution of this Loan Modification Agreement, or any other documents, instruments and/or agreements executed and/or delivered in connection herewith. 

			
	REAL GOODS SOLAR, INC.
		
	By:	 	 /s/ Kam Mofid

	 Name:
 Title:
	 	 Kam Mofid

CEO

 Exhibit A to Second Loan Modification Agreement 

EXHIBIT B 
 COMPLIANCE CERTIFICATE 
  

	TO:	SILICON VALLEY
BANK                                         
                                         
                               Date:
                         

 

	FROM:	REAL GOODS ENERGY TECH, INC. ET. AL. 

 The undersigned authorized officer of REAL GOODS ENERGY TECH, INC., et al. (the “Borrower”) certifies that under the terms and conditions of the Loan and Security Agreement between
Borrower and Bank (as amended, the “Agreement”), (1) Borrower is in complete compliance for the period ending             with all required covenants except as noted
below, (2) there are no Events of Default, (3) all representations and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a
specific date shall be true, accurate and complete in all material respects as of such date, (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal,
state and local taxes, assessments, deposits and contributions owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement, and (5) no Liens have been levied or claims made against Borrower or any
of its Subsidiaries, if any, relating to unpaid employee payroll or benefits of which Borrower has not previously provided written notification to Bank. Attached are the required documents supporting the certification. The undersigned certifies that
these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of
determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the
meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under “Complies” column.

  

					
	 Reporting Covenant
	 	 Required
	 	 Complies

	Monthly financial statements with Compliance Certificate	 	Monthly within 30 days	 	Yes     No
		 		 	
	10-Q, 10-K and 8-K	 	Within 5 days after filing with SEC	 	Yes     No
		 		 	
	A/R & A/P Agings	 	Monthly within 20 days	 	Yes     No
		 		 	
	Transaction Reports	 	 Weekly and with each request for a
 Credit Extension (Monthly within 20 days during a Streamline Period)
	 	Yes     No
		 		 	
	Projections	 	 Within 20 days of board approval

(no later than 60 days after FYE – for FY 2013, on or before December 31, 2012)
	 	Yes     No
		 		 	
	 Deferred Revenue Report, Schedule of Assets with respect to 3rd party construction and financing arrangements (including performance bonds and bank statements for non-SVB bank
accounts)
	 	Monthly within 30 days	 	Yes     No
		 		 	
	 The following Intellectual Property was registered after the Effective Date (if no
registrations, state “None”)
  
  

 

  

													
	 Financial Covenant
	  	Required	 	  	Actual	 	  	Complies/Streamline	 
	 Maintain as indicated:
	  				  				  			
	 Liquidity Ratio (monthly)
	  	 	1:50:1.00	  	  	 	    :1.00	  	  	 	Yes    No	  
	 Borrower’s unrestricted cash at Bank
	  	$	500,000	  	  	$	 	  	  	 	Yes    No	  
	 Streamline Period (Qualified Cash minus the total outstanding Obligations of Borrower owed to Bank)
	  	$	2,000,000	  	  	$	 	  	  	 	Yes    No	  

 The following financial covenant analyses and information set forth in Schedule 1 attached
hereto are true and accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the
certification above: (If no exceptions exist, state “No exceptions to note.”) 
  

									
			
	REAL GOODS ENERGY TECH, INC.	 		 	BANK USE ONLY
					
	By:	 	  
	 		 	Received by:	 	  

	Name:	 	  
	 		 		 	AUTHORIZED SIGNER
	Title:	 	  
	 		 	Date:	 	  

					
		 		 		 	Verified:	 	  

		 		 		 		 	AUTHORIZED SIGNER
					
		 		 		 	Date:	 	  

				
		 		 		 	Compliance
Status:                                    
Yes         No

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 
 In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 
 Dated:
                                         
        
  

	I.	Liquidity Ratio (Section 6.9) 

Required:     Maintain at all times, to be tested as of the last day of each month, on a consolidated basis with respect to Borrower
and its Subsidiaries (A) the sum of (i) Qualified Cash (which Qualified Cash shall in any event at all times consist of not less than Five Hundred Thousand Dollars ($500,000) of Borrower’s unrestricted cash maintained at Bank)
plus (ii) Borrower’s Eligible Accounts divided by (B) the total outstanding Obligations of Borrower owed to Bank, expressed as a ratio, of at least 1.50:1.00. 
 Actual: 
  

							
	 A.
	  	Qualified Cash	  	$	 	  
	 B.
	  	Eligible Accounts	  	$	 	  
	 C.
	  	Total Outstanding Obligations of Borrower owed to Bank	  	$	 	  
	 D.
	  	Liquidity Ratio ( the sum of line A plus line B divided by line C, expressed as a ratio)	  	 	:1.00	  

 Is line D equal to or greater than 1.50:1:00? 
                  No, not in
compliance                                        
                                         
                                        Yes, in
compliance 
 Does Line A consist of not less than $500,000 of Borrower’s unrestricted cash at Bank? 

                 No, not in
compliance                                        
                                         
                                        Yes, in
compliance 

	II.	Streamline Period. 

Required:     Provided no Default or Event of Default has occurred and is continuing, the period
(i) beginning on the first (1st) day in which
Borrower has, for each consecutive day in the immediately preceding sixty (60) day period, maintained Qualified Cash minus the total outstanding Obligations of Borrower owed to Bank, as determined by Bank, in its sole discretion, in an
amount at all times greater than or equal to Two Million Dollars ($2,000,000), as determined by Bank, in its sole discretion (the “Streamline Balance”); and (ii) ending on the earlier to occur of (A) the occurrence of a
Default or an Event of Default; and (B) the first day thereafter in which Borrower fails to maintain the Streamline Balance, as determined by Bank, in its sole discretion. Upon the termination of a Streamline Period, Borrower must maintain the
Streamline Balance each consecutive day for thirty (30) consecutive days, as determined by Bank, in its sole discretion, prior to entering into a subsequent Streamline Period. 
 Actual: 
  

					
	 A.
	  	Qualified Cash	  	$            
	 B.
	  	Total Outstanding Obligations of Borrower owed to Bank	  	$            
	 C.
	  	Streamline Balance (line A minus line B)	  	$

 Is line C equal to or greater than $2,000,000? 
                  No, not in Streamline
Period                                        
                                         
                Yes, in Streamline Period 

 Exhibit B to Second Loan Modification Agreement 

Form of Warrant. 

(See attached.) 

 Exhibit C to Second Loan Modification Agreement 

2012 Commitment. 

(See attached.)

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