Document:

Amendment to Preferred Stock Subscription Agmt

 Exhibit 10.3 

September 9, 2013 
 Cleantech Europe II (A) LP 

Cleantech Europe II (B) LP 
 c/o Zouk Ventures Limited 

100 Brompton Road 
 London, SW3 1 ER 

United Kingdom 
 Attention: Dominique Burgauer 

 

	RE:	Amendment No. 1 to Preferred Stock Subscription Agreement 

 Ladies and Gentlemen: 

This Amendment No. 1 (this “Amendment”) is made to that certain Preferred Stock Subscription Agreement (the
“Subscription Agreement”), dated as of September 25, 2012, by and among Lighting Science Group Corporation (the “Company”) Cleantech Europe II (A) LP (“Cleantech A”)
and Cleantech Europe II (B) LP (“Cleantech B” and, together with Cleantech A, “Zouk”). This Amendment shall be effective with respect to Zouk upon execution by the Company and Zouk and the filing
of the Restated Certificates of Designation (as defined below) with the Secretary of State of the State of Delaware (the later to occur of such events, the “Amendment Effective Date”). 

The undersigned acknowledges that upon receipt of the requisite approval from the holders of the shares of Series H Convertible Preferred Stock and Series I
Convertible Preferred Stock, respectively, the Company shall take all actions necessary to amend and restate the Series H Certificate of Designation, which amendment shall be substantially in the form attached hereto as Exhibit A (the
“Restated Series H Certificate of Designation”), and to amend and restate the Series I Certificate of Designation, which amendment shall be substantially in the form attached hereto as Exhibit B (the
“Restated Series I Certificate of Designation” and, together with the Restated Series H Certificate of Designation, collectively, the “Restated Certificates of Destination”). 

In consideration of the premises and covenants set forth herein and other good and valuable consideration, including without limitation the amendments to be
effected by the Restated Certificates of Designation, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  

	 	1.	Interpretation. All capitalized terms used herein shall have the meanings assigned thereto in the Subscription Agreement, unless otherwise defined herein. 

 

	 	2.	Amendments to Subscription Agreement. 

  

	 	a.	Additional Definitions. As used herein, the following terms shall have the meanings given to them below, and the Subscription Agreement is hereby amended to include the following definitions: 

“Amendment Effective Date” shall have the meaning set forth in Amendment No. 1 to this Agreement dated
September 9, 2013. 

  
 Page 1 

	 	b.	Indemnification by the Company. 

  

	 	i.	Section 5(a) of the Subscription Agreement is hereby amended by appending the following to the end of such section: 

“NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, EACH PURCHASER HEREBY WAIVES ON BEHALF OF ITSELF, ITS SUCCESSORS AND ITS ASSIGNS, ANY
RIGHT TO BRING ANY ACTION, SUIT, PROCEEDING OR CLAIM FOR ANY LOSS RELATED TO OR ARISING FROM ANY PAST, PRESENT OR FUTURE BREACH OF THE REPRESENTATIONS AND WARRANTIES OF THE COMPANY SET FORTH IN THIS AGREEMENT, WITH THE EXCEPTION OF THE
REPRESENTATIONS AND WARRANTIES SET FORTH IN SECTIONS 2(a) (ORGANIZATION), 2(b) (POWER), 2(c) (SUBSIDIARIES), 2(d)(i) (AUTHORIZATION), 2(e) (CAPITAL), 2(g) (CAPITALIZATION), 2(r) (TAX MATTERS) AND
2(t) (INTELLECTUAL PROPERTY) OF THIS AGREEMENT, OR WITH RESPECT TO ANY EXCLUDED LIABILITY.” 
  

	 	ii.	Section 5(c) of the Subscription Agreement is hereby amended and restated in its entirety to read as follows: 

“(c) Survival. The representations and warranties of the parties set forth in this Agreement and the other Transaction Documents
shall survive for a period beginning on September 25, 2012 and ending on the Amendment Effective Date and thereafter shall be of no further force or effect; provided, that the representations and warranties set forth in Sections
2(r) (Tax Matters) and 2(t) (Intellectual Property) shall survive for the applicable period of the statute of limitations and the representations and warranties set forth in Sections 2(a) (Organization), 2(b) (Power),
2(c) (Subsidiaries), 2(d)(i) (Authorization), 2(e) (Capital), and 2(g) (Capitalization) shall survive indefinitely (or if indefinite survival is not permitted by Law, then for the maximum period permitted by applicable
Law). Following the expiration of the periods set forth above with respect to any particular representation or warranty, no party hereto shall have any further liability with respect to such representation or warranty. Except as set forth herein,
all of the covenants, agreements and obligations of the parties hereto shall survive the Closing indefinitely (or if indefinite survival is not permitted by Law, then for the maximum period permitted by applicable Law). A claim for indemnification
related to a breach of any of the representations and warranties becomes barred if not filed or noticed during the survival period; and the parties hereto intend to shorten (in the case of limited survival provisions) the applicable statute of
limitations. Anything herein to the contrary notwithstanding, any claim for indemnification that is asserted by written notice within the survival period shall survive until resolved pursuant to a final non-appealable judicial determination or a
written agreement between the Company and the applicable Purchaser(s) who has made such indemnification claim.” 
  

	 	3.	Except as specifically amended herein, the Subscription Agreement shall continue in full force and effect in accordance with its original terms. 

 

	 	4.	This Amendment may be executed in any number of counterparts, and by the different parties on different counterpart signature pages, all of which taken together shall constitute one and the same agreement. Delivery of
executed counterparts of this Amendment by telecopy or by e-mail transmission of an Adobe portable document file (also known as a “PDF” file) shall be effective as originals. This Amendment shall be governed by the internal laws of the
State of New York. 

*            *           
 *            *            * 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to be effective as of the Amendment Effective
Date. 
  

					
	COMPANY:
	
	LIGHTING SCIENCE GROUP CORPORATION
		
	By:	 	 /s/ Thomas C. Shields

		 	Name:	 	Thomas C. Shields
		 	Title:	 	Chief Financial Officer

 Signature Page to Amendment 

 
			
	ZOUK:
	
	 CLEANTECH EUROPE II (A), L.P.

acting by its general partner

	
	 CLEANTECH II GENERAL PARTNER L.P.

acting by its general partner

	
	 CLEANTECH II GENERAL PARTNER LIMITED

acting by

		
	By:	 	 /s/ Samer Salty

		 	Signature of Director
	
	 CLEANTECH EUROPE II (B), L.P.

acting by its general partner

	
	 CLEANTECH II GENERAL PARTNER L.P.

acting by its general partner

	
	 CLEANTECH II GENERAL PARTNER LIMITED

acting by

		
	By:	 	 /s/ Samer Salty

		 	Signature of Director

  
 Signature Page to
AmendmentAmendment to Preferred Stock Subscription Agmt

 Exhibit 10.4 

September 11, 2013 
 To the Purchasers identified 

 on the signature pages hereto 
  

	RE:	Amendment No. 1 to Preferred Stock Subscription Agreement 

 Ladies and Gentlemen: 

This Amendment No. 1 (this “Amendment”) is made to that certain Preferred Stock Subscription Agreement (the
“Subscription Agreement”), dated as of May 25, 2012, by and among Lighting Science Group Corporation (the “Company”), RW LSG Holdings LLC (“Riverwood”) and the other
Purchasers signatories thereto. This Amendment shall be effective with respect to each of the undersigned Purchasers upon execution by the Company and such Purchaser and the filing of the Restated Certificates of Designation (as defined below) with
the Secretary of State of the State of Delaware (the later to occur of such events, the “Amendment Effective Date”). 
 The
undersigned acknowledges that upon receipt of the requisite approval from the holders of the shares of Series H Convertible Preferred Stock and Series I Convertible Preferred Stock, respectively, the Company shall take all actions necessary to amend
and restate the Series H Certificate of Designation, which amendment shall be substantially in the form attached hereto as Exhibit A (the “Restated Series H Certificate of Designation”), and to amend and restate the
Series I Certificate of Designation, which amendment shall be substantially in the form attached hereto as Exhibit B (the “Restated Series I Certificate of Designation” and, together with the Restated Series H
Certificate of Designation, collectively, the “Restated Certificates of Destination”). 
 In consideration of the premises and
covenants set forth herein and other good and valuable consideration, including without limitation the amendments to be effected by the Restated Certificates of Designation, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows: 
  

	 	1.	Interpretation. All capitalized terms used herein shall have the meanings assigned thereto in the Subscription Agreement, unless otherwise defined herein. 

 

	 	2.	Amendments to Subscription Agreement. 

  

	 	a.	Additional Definitions. As used herein, the following terms shall have the meanings given to them below, and the Subscription Agreement is hereby amended to include the following definitions: 

“Amendment Effective Date” shall have the meaning set forth in Amendment No. 1 to this Agreement dated
September 11, 2013. 

  
 Page 1 

	 	b.	Indemnification by the Company. 

  

	 	i.	Section 5(a) of the Subscription Agreement is hereby amended by appending the following to the end of such section: 

“NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, EACH PURCHASER HEREBY WAIVES, SOLELY ON BEHALF OF ITSELF, ITS SUCCESSORS AND ITS
ASSIGNS, ANY RIGHT TO BRING ANY ACTION, SUIT, PROCEEDING OR CLAIM FOR ANY LOSS RELATED TO OR ARISING FROM ANY PAST, PRESENT OR FUTURE BREACH OF THE REPRESENTATIONS AND WARRANTIES OF THE COMPANY SET FORTH IN THIS AGREEMENT, WITH THE EXCEPTION OF THE
REPRESENTATIONS AND WARRANTIES SET FORTH IN SECTIONS 2(a) (ORGANIZATION), 2(b) (POWER), 2(c) (SUBSIDIARIES), 2(d)(i) (AUTHORIZATION), 2(e) (CAPITAL), 2(g) (CAPITALIZATION), 2(m) (LITIGATION),
2(r) (TAX MATTERS) AND 2(t) (INTELLECTUAL PROPERTY) OF THIS AGREEMENT.” 
  

	 	ii.	Section 5(c) of the Subscription Agreement is hereby amended and restated in its entirety to read as follows: 

“(c) Survival. The representations and warranties of the parties set forth in this Agreement and the other Transaction Documents
shall survive for a period beginning on May 25, 2012 and ending on the Amendment Effective Date and thereafter shall be of no further force or effect; provided, that the representations and warranties set forth in: (A) Section
2(m) (Litigation) shall survive for a period of eighteen (18) months following the Closing; (B) Sections 2(r) (Tax Matters) and 2(t) (Intellectual Property) shall survive for the applicable period of the statute of
limitations; and (C) Sections 2(a) (Organization), 2(b) (Power), 2(c) (Subsidiaries), 2(d)(i) (Authorization), 2(e) (Capital), and 2(g) (Capitalization) shall survive indefinitely (or if indefinite
survival is not permitted by Law, then for the maximum period permitted by applicable Law). Following the expiration of the periods set forth above with respect to any particular representation or warranty, no party hereto shall have any further
liability with respect to such representation or warranty. Except as set forth herein, all of the covenants, agreements and obligations of the parties hereto shall survive the Closing indefinitely (or if indefinite survival is not permitted by Law,
then for the maximum period permitted by applicable Law). A claim for indemnification related to a breach of any of the representations and warranties becomes barred if not filed or noticed during the survival period; and the parties hereto intend
to shorten (in the case of limited survival provisions) the applicable statute of limitations. Anything herein to the contrary notwithstanding, any claim for indemnification that is asserted by written notice within the survival period shall survive
until resolved pursuant to a final non-appealable judicial determination or a written agreement between the Company and the applicable Purchaser(s) who has made such indemnification claim.” 

 

	 	3.	Except as specifically amended herein, the Subscription Agreement shall continue in full force and effect in accordance with its original terms. 

  
 Page 2 

	 	4.	This Amendment may be executed in any number of counterparts, and by the different parties on different counterpart signature pages, all of which taken together shall constitute one and the same agreement. Delivery of
executed counterparts of this Amendment by telecopy or by e-mail transmission of an Adobe portable document file (also known as a “PDF” file) shall be effective as originals. This Amendment shall be governed by the internal laws of the
State of New York. 

*        *        *       
 *        * 

  
 Page 3 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to be effective as of the Amendment Effective
Date. 
  

					
	COMPANY:
	
	LIGHTING SCIENCE GROUP CORPORATION
		
	By:	 	 /s/ Thomas C. Shields

		 	Name:	 	Thomas C. Shields
		 	Title:	 	Chief Financial Officer

  
 Signature Page to
Amendment to Preferred Stock Subscription Agreement 

 
					
	PURCHASERS:
	
	RW LSG HOLDINGS LLC
		
	By:	 	 Riverwood Capital Management L.P.,

its Managing Member

		
	By:	 	 Riverwood Capital Management Ltd.,

its General Partner

		
	By:	 	 Riverwood Capital GP Ltd.,
 its
General Partner

		
	By:	 	 /s/ Jeffrey Parks

		 	Name:	 	Jeffrey Parks
		 	Title:	 	Managing Director

  
 Signature Page to
Amendment to Preferred Stock Subscription Agreement 

 
					
	VANTAGEPOINT CLEANTECH PARTNERS
II, L.P.
		
	By:	 	VantagePoint CleanTech Associates II, L.P.
		
	By:	 	VantagePoint CleanTech Management, Ltd.
		
	By:	 	 /s/ Alan E. Salzman

		 	Name:	 	Alan E. Salzman, Chief Executive Officer

  
 Signature Page to
Amendment to Preferred Stock Subscription Agreement 

 
					
	VANTAGEPOINT VENTURE PARTNERS 2006
(Q), L.P.
		
	By:	 	VantagePoint Venture Associates 2006, L.L.C.
		
	By:	 	 /s/ Alan E. Salzman

		 	Name:	 	Alan E. Salzman, Managing Member

  
 Signature Page to
Amendment to Preferred Stock Subscription Agreement 

 
					
	KINGSBROOK OPPORTUNITIES MASTER
FUND LP
		
	By:	 	 Kingsbrook Opportunities GP LLC

its general partner

		
	By:	 	 /s/ Scott A. Walker

		 	Name:	 	Scott A. Walker
		 	Title:	 	Managing Member

  
 Signature Page to
Amendment to Preferred Stock Subscription Agreement 

 
					
	TROPHY HUNTER INVESTMENTS, LTD.
		
	By:	 	 /s/ Steven Van Dyke

		 	Name:	 	Steven Van Dyke
		 	Title:	 	

  
 Signature Page to
Amendment to Preferred Stock Subscription Agreement 

 
					
	BHR MASTER FUND, LTD.
		
	By:	 	 /s/ William Brown

		 	Name:	 	William Brown
		 	Title:	 	President

  
 Signature Page to
Amendment to Preferred Stock Subscription Agreement 

 
					
	BHR OC MASTER FUND, LTD.
		
	By:	 	 /s/ William Brown

		 	Name:	 	William Brown
		 	Title:	 	President

  
 Signature Page to
Amendment to Preferred Stock Subscription Agreement

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