Document:

<![CDATA[AMENDED & RESTATED BONUS PROGRAM]]>

 Exhibit 10.3 
 NCI BUILDING SYSTEMS, INC. 
 BONUS PROGRAM 

[As Amended as of December 5, 2011] 
 The Bonus Program (the “Program”) is as follows: 
 1. Purpose.
The purpose of the Program is: 
 (A) To provide exceptional cash rewards earned by exceptional performance; and 

(B) To focus management attention on key objectives of the Company by basing their bonus on return on assets and growth in earnings per
share. 
 2. Administration. The Program will be administered and interpreted by the Compensation Committee of the Board
of Directors of the Company (the “Committee”). 
 3. Maximum Bonuses and Bonus Performance Standards.

 (A) Maximum Bonuses. The aggregate maximum bonus pool to be paid pursuant to the Program in any fiscal year (including
all bonuses and any related 401(k) profit sharing plan matches, social security taxes and other employer costs) for all of the Company’s employees shall not exceed fifteen percent (15%) of the Company’s Adjusted Pre-Tax Profit before
(i) any accrual for bonuses payable pursuant to the Program for that fiscal year, and (ii) accruals with respect to awards made under the Company’s 2003 Long-Term Incentive Plan (the “Maximum Bonus Amount”). If the aggregate
bonuses to be paid pursuant to the Program for Level 1A, Level 1B, Level 2, Level 3 and Level 4 participants and the Non-Management Bonus Pool in any fiscal year exceed the Maximum Bonus Amount, then the bonuses to be paid
to Level 1A, Level 1B, Level 2, Level 3 and Level 4 participants shall be reduced on a pro rata basis to an amount such that the aggregate bonuses to be paid pursuant to the Program for Level 1A, Level 1B,
Level 2, Level 3 and Level 4 participants and the Non-Management Bonus Pool in that fiscal year equal the Maximum Bonus Amount. 
 (B) Combination of ROA and EPS. Level 1A and Level 1B participants will be eligible for the award of an annual cash bonus equal to a percentage of their respective base salaries, based
upon the Company’s achievement of a specified ROA, a specified EPS Growth or a combination of ROA and EPS Growth for the fiscal year. No cash bonuses will be awarded to these participants if ROA is less than 5%. 

(1) Level 1A and 1B Participants. Level 1A participants are eligible for a target bonus amount equal to 100%
of the individuals’ base salary. Level 1B participants are eligible for a target bonus amount equal to 75% of the individuals’ base salary. Cash bonus awards, expressed as a percentage of the individuals’ target bonus amount, for
which Level 1A and 1B participants are eligible will be based on the grid of ROA and EPS Growth achievement attached hereto as Exhibit A. 
 (C) ROA Only. Levels 2, 3 and Level 4 participants will be eligible for the award of a cash bonus equal to a percentage of their respective base salaries, based upon the Company’s
achievement of a specified ROA for the fiscal year. No cash bonuses will be awarded to these participants if ROA is less than 5%. 

 (1) Level 3 Participants. The Committee shall place all
Level 3 participants in five categories. If ROA is 5% or more, Level 3 participants will be eligible for a cash bonus in accordance with the following table: 
  

									
	 	 	 Target Bonus as
Percentage
of
Salary
	 	 Minimum Bonus as
Percentage of Salary
(5% of
ROA
Threshold)
	 	 Additional Percentage of
Base Salary for each
1%
Increment of ROA in
Excess of 5% up to 15%
	 	 Additional Percentage of
Base Salary for each
1%
Increment of ROA in Excess
of 15%

	 Level III
	 		 		 		 	
	 A
	 	30%	 	1.50%	 	0.600%	 	2.250%
	 B
	 	35%	 	1.75%	 	0.700%	 	2.625%
	 C
	 	40%	 	2.00%	 	0.800%	 	3.000%
	 D
	 	45%	 	2.25%	 	0.900%	 	3.375%
	 E
	 	50%	 	2.50%	 	1.000%	 	3.750%
	 F
	 	60%	 	3.00%	 	1.200%	 	4.500%

 (2) Level 4 Participants. If ROA is 5% or more, Level 4 participants
will be eligible for a cash bonus in accordance with the following table: 
  

									
	 	 	 Target Bonus as
Percentage
of
Salary
	 	 Minimum Bonus as
Percentage of Salary
(5% of
ROA
Threshold)
	 	 Additional Percentage of
Base Salary for each
1%
Increment of ROA in
Excess of 5% up to 15%
	 	 Additional Percentage of
Base Salary for each
1%
Increment of ROA in Excess
of 15%

	 Level IV
	 		 		 		 	
	 A
	 	10%	 	0.50%	 	0.200%	 	0.750%
	 B
	 	15%	 	0.75%	 	0.300%	 	1.125%
	 C
	 	20%	 	1.00%	 	0.400%	 	1.500%
	 D
	 	25%	 	1.25%	 	0.500%	 	1.875%

 (D) Non-Management Bonus Pool. The Company shall establish a permanent minimum bonus pool for
lower level, non-management employees (the “Non-Management Bonus Pool”), in an amount equal to $2,850,000, to be paid if and only if the Company’s Adjusted Pre-Tax Profit is equal to or greater than $36 million; provided, however,
that the aggregate amount of the Non-Management Bonus Pool shall be adjusted annually beginning in 2007 by a percentage equal to the percentage increase in the then most recently published CPI (as hereinafter defined), over the CPI published for the
immediately preceding fiscal year. If the CPI did not increase during the measurement period, no adjustment to the Non-Management Bonus Pool shall be made. For purposes of the Program, “CPI” means the Consumer Price Index for All Urban
Customers for the Houston-Galveston-Brazoria area. If the CPI becomes unavailable to the public because publication is discontinued, or otherwise, then the Company and the Committee will substitute therefor a comparable index based upon changes in
the cost of living or purchasing power of the consumer dollar, published by another governmental agency or, if no such index shall be available then a comparable index published by a major bank or other financial institution or by a recognized
financial publication. 
 (E) No Individual Caps. Subject to the Maximum Bonus Amount set forth in Section 3(A)
above, participants will not be subject to any cap on the maximum amount of an individual bonus. The grid attached hereto as Exhibit A illustrates the bonus levels payable up to 41% ROA Growth and 62% EPS Growth. Should either of these metrics
exceed those levels, individual bonuses shall be increased by extrapolating the grid in a proportionate manner. 

 4. Participants and Eligibility. 

(A) Whether or not to award a cash bonus to any particular participant is within the absolute discretion of the Company and the
Committee. No bonus award to a Level 1A, 1B, 2 or 3 participant may be paid unless and until approved by the Committee, and no bonus award may be paid to a Level 4 participant unless and until the Committee has approved the aggregate
employee bonus pool for that fiscal year. 
 (B) A participant shall not be eligible for and shall not be entitled to receive a
bonus for any fiscal year’s performance unless the participant is employed by the Company or one of its subsidiaries both on the last day of the fiscal year and on the date of approval by the Committee of the bonus (if a Level 1A, 1B, 2 or
3 participant) or the aggregate employee bonus pool for that year (if a Level 4 participant). 
 (C) The Committee, in its
sole discretion, shall determine the Level 1A, 1B, Level 2 and Level 3 participants for any given fiscal year; provided, however, the Committee and/or the Executive Committee shall determine the categories into which Level 3
participants will be placed, and provided further that the Executive Committee shall have the authority to move a Level 4 participant to the lowest category of Level 3 when that participant receives a promotion. Designation of a manager as
a participant for any fiscal year is in the absolute discretion of the Company and the Committee and does not entitle that participant to remain as a participant in any subsequent year. 

(D) Addition, removal or movement of participants into, from or between any of Levels 1A, 1B, 2 or 3 must be submitted to and
approved by the Committee; provided, however, that the Executive Committee shall have the authority to move a Level 4 participant to the lowest category of Level 3 when that participant receives a promotion. The Level 1 managers, with
the approval of the Chairman of the Board and President, shall have discretion to add or remove participants at Level 4 without further action of the Committee, provided the aggregate bonuses paid to all employees do not exceed the amount of
the employee bonus pool for that year approved by the Committee. 
 (E) The Executive Committee, in its sole discretion, shall
determine the participants in the Non-Management Bonus Pool for any given fiscal year. Designation of a non-management employee as a participant for any fiscal year is in the absolute discretion of the Company and the Executive Committee and does
not entitle that participant to remain as a participant in any subsequent year. 
 5. Definitions. As used in this
Program, the following terms shall have the meanings set forth below: 
 “Adjusted EPS” means net
income plus the after-tax impact of deferred financing costs and other non-recurring expenses approved by the Compensation Committee or the Board of Directors divided by the weighted average shares outstanding on a fully diluted basis for the period
as set forth on the audited annual financial statements of the Company and, when appropriate to the calculations, the internally generated financial statements for each month and quarter of the fiscal year, prepared in accordance with generally
accepted accounting principles. 
 “Adjusted Operating Assets” means (x) total assets, less
(y) cash and cash equivalents, deferred income taxes and goodwill and indefinite lived intangible assets, all as set forth on the audited annual financial statements of the Company and, when appropriate to the calculations, the internally
generated financial statements for each month and quarter of the fiscal year, prepared in accordance with generally accepted accounting principles. 

 

 “Adjusted Pre-Tax Profit” means EBIT plus deferred financing costs
and other non-recurring expenses approved by the Compensation Committee or the Board of Directors as set forth on the audited annual financial statements of the Company and, when appropriate to the calculations, the internally generated financial
statements for each month and quarter of the fiscal year, prepared in accordance with generally accepted accounting principles. 
 “EBIT” means income before income taxes plus interest expense as set forth on the audited annual financial statements of the Company and, when appropriate to the calculations, the internally
generated financial statements for each month and quarter of the fiscal year, prepared in accordance with generally accepted accounting principles. 
 “EPS Growth” means (x) Adjusted EPS for the fiscal year less Adjusted EPS for the prior fiscal year, divided by (y) Adjusted EPS for the prior fiscal year. If the Company conducts a
public offering of equity securities, the Committee will evaluate and determine at that time whether any adjustments should be made to the calculation of EPS Growth. 

“Maximum Bonus Amount” has the meaning set forth in Section 3(A) hereof. 

“Non-Management Bonus Pool” has the meaning set forth in Section 3(D) hereof. 

“ROA” means Adjusted Pre-Tax Profit divided by Adjusted Operating Assets. 

6. Interpretation. The Committee shall interpret the Program and shall prescribe such rules and regulations in connection with the
operation of the Program as it determines to be advisable. The Committee may rescind and amend its rules, regulations and interpretations. 
 7. Amendment or Termination. The Program may be terminated at any time or amended from time to time by the Committee without the consent or approval of the participants in the Program. 

8. Effect of Program. Neither the adoption of the Program nor any action of the Committee, including action taken at any time to
terminate or amend the Program, shall be deemed to give any officer, manager, employee, participant or other person any right to receive a bonus or any other rights, whether as a third party beneficiary or otherwise. 

 Exhibit “A” 

 

																																																																																																																																	
		 		 	 	LEVEL 1A AND 1B BONUS PARTICIPANTS	  	 	
		 		 	 	Percent of Target Bonus Paid	  	 	
		 		 	 	Table indicates what Percenatage of the TARGET BONUS will be paid.	  	 	
		 		 				 	
		 		 	 	Percent of Target Bonus To be Paid	  	 	
		 		 	 	34%	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	 	134	  	 	 	138	  	 	 	142	  	 	 	146	  	 	 	150	  	 	 	154	  	 	 	158	  	 	 	162	  	 	 	166	  	 	 	170	  	 	 	174	  	 	
		 		 	 	33%	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	 	132	  	 	 	136	  	 	 	140	  	 	 	144	  	 	 	148	  	 	 	152	  	 	 	156	  	 	 	160	  	 	 	164	  	 	 	168	  	 	 	172	  	 	
		 		 	 	32%	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	 	134	  	 	 	138	  	 	 	142	  	 	 	146	  	 	 	150	  	 	 	154	  	 	 	158	  	 	 	162	  	 	 	166	  	 	 	170	  	 	
		 		 	 	31%	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	 	132	  	 	 	136	  	 	 	140	  	 	 	144	  	 	 	148	  	 	 	152	  	 	 	156	  	 	 	160	  	 	 	164	  	 	 	168	  	 	
		 		 	 	30%	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	 	134	  	 	 	138	  	 	 	142	  	 	 	146	  	 	 	150	  	 	 	154	  	 	 	158	  	 	 	162	  	 	 	166	  	 	
		 		 	 	29%	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	 	132	  	 	 	136	  	 	 	140	  	 	 	144	  	 	 	148	  	 	 	152	  	 	 	156	  	 	 	160	  	 	 	164	  	 	
		 		 	 	28%	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	 	134	  	 	 	138	  	 	 	142	  	 	 	146	  	 	 	150	  	 	 	154	  	 	 	158	  	 	 	162	  	 	
		 		 	 	27%	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	 	132	  	 	 	136	  	 	 	140	  	 	 	144	  	 	 	148	  	 	 	152	  	 	 	156	  	 	 	160	  	 	
		 		 	 	26%	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	 	134	  	 	 	138	  	 	 	142	  	 	 	146	  	 	 	150	  	 	 	154	  	 	 	158	  	 	
		 		 	 	25%	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	 	132	  	 	 	136	  	 	 	140	  	 	 	144	  	 	 	148	  	 	 	152	  	 	 	156	  	 	
		 		 	 	24%	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	 	134	  	 	 	138	  	 	 	142	  	 	 	146	  	 	 	150	  	 	 	154	  	 	
		 		 	 	23%	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	 	132	  	 	 	136	  	 	 	140	  	 	 	144	  	 	 	148	  	 	 	152	  	 	
	E	 		 	 	22%	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	 	134	  	 	 	138	  	 	 	142	  	 	 	146	  	 	 	150	  	 	
	P	 		 	 	21%	  	 	 	32	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	 	132	  	 	 	136	  	 	 	140	  	 	 	144	  	 	 	148	  	 	
	S	 		 	 	20%	  	 	 	30	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	 	134	  	 	 	138	  	 	 	142	  	 	 	146	  	 	
		 		 	 	19%	  	 	 	28	  	 	 	32	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	 	132	  	 	 	136	  	 	 	140	  	 	 	144	  	 	
		 		 	 	18%	  	 	 	26	  	 	 	30	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	 	134	  	 	 	138	  	 	 	142	  	 	
	G	 		 	 	17%	  	 	 	24	  	 	 	28	  	 	 	32	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	 	132	  	 	 	136	  	 	 	140	  	 	
	R	 		 	 	16%	  	 	 	22	  	 	 	26	  	 	 	30	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	 	134	  	 	 	138	  	 	
	O	 		 	 	15%	  	 	 	20	  	 	 	24	  	 	 	28	  	 	 	32	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	 	132	  	 	 	136	  	 	
	W	 		 	 	14%	  	 	 	18	  	 	 	22	  	 	 	26	  	 	 	30	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	 	134	  	 	
	T	 		 	 	13%	  	 	 	16	  	 	 	20	  	 	 	24	  	 	 	28	  	 	 	32	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	 	132	  	 	
	H	 		 	 	12%	  	 	 	14	  	 	 	18	  	 	 	22	  	 	 	26	  	 	 	30	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	 	130	  	 	
		 		 	 	11%	  	 	 	12	  	 	 	16	  	 	 	20	  	 	 	24	  	 	 	28	  	 	 	32	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	 	128	  	 	
		 		 	 	10%	  	 	 	10	  	 	 	14	  	 	 	18	  	 	 	22	  	 	 	26	  	 	 	30	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	 	126	  	 	
		 		 	 	9%	  	 	 	8	  	 	 	12	  	 	 	16	  	 	 	20	  	 	 	24	  	 	 	28	  	 	 	32	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	 	124	  	 	
		 		 	 	8%	  	 	 	6	  	 	 	10	  	 	 	14	  	 	 	18	  	 	 	22	  	 	 	26	  	 	 	30	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	 	122	  	 	
		 		 	 	7%	  	 	 	4	  	 	 	8	  	 	 	12	  	 	 	16	  	 	 	20	  	 	 	24	  	 	 	28	  	 	 	32	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	 	120	  	 	
		 		 	 	6%	  	 	 	2	  	 	 	6	  	 	 	10	  	 	 	14	  	 	 	18	  	 	 	22	  	 	 	26	  	 	 	30	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	 	118	  	 	
		 		 	 	5%	  	 	 	0	  	 	 	4	  	 	 	8	  	 	 	12	  	 	 	16	  	 	 	20	  	 	 	24	  	 	 	28	  	 	 	32	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	 	116	  	 	
		 		 	 	4%	  	 	 	0	  	 	 	2	  	 	 	6	  	 	 	10	  	 	 	14	  	 	 	18	  	 	 	22	  	 	 	26	  	 	 	30	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	 	114	  	 	
		 		 	 	3%	  	 	 	0	  	 	 	0	  	 	 	4	  	 	 	8	  	 	 	12	  	 	 	16	  	 	 	20	  	 	 	24	  	 	 	28	  	 	 	32	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	 	112	  	 	
		 		 	 	2%	  	 	 	0	  	 	 	0	  	 	 	2	  	 	 	6	  	 	 	10	  	 	 	14	  	 	 	18	  	 	 	22	  	 	 	26	  	 	 	30	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	 	110	  	 	
		 		 	 	1%	  	 	 	0	  	 	 	0	  	 	 	0	  	 	 	4	  	 	 	8	  	 	 	12	  	 	 	16	  	 	 	20	  	 	 	24	  	 	 	28	  	 	 	32	  	 	 	36	  	 	 	40	  	 	 	44	  	 	 	48	  	 	 	52	  	 	 	56	  	 	 	60	  	 	 	64	  	 	 	68	  	 	 	72	  	 	 	76	  	 	 	80	  	 	 	84	  	 	 	88	  	 	 	92	  	 	 	96	  	 	 	100	  	 	 	104	  	 	 	108	  	 	
		 		 	 	0%	  	 	 	0	  	 	 	0	  	 	 	0	  	 	 	2	  	 	 	6	  	 	 	10	  	 	 	14	  	 	 	18	  	 	 	22	  	 	 	26	  	 	 	30	  	 	 	34	  	 	 	38	  	 	 	42	  	 	 	46	  	 	 	50	  	 	 	54	  	 	 	58	  	 	 	62	  	 	 	66	  	 	 	70	  	 	 	74	  	 	 	78	  	 	 	82	  	 	 	86	  	 	 	90	  	 	 	94	  	 	 	98	  	 	 	102	  	 	 	106	  	 	
		 		 				 	 	5%	  	 	 	6%	  	 	 	7%	  	 	 	8	  	 	 	9%	  	 	 	10%	  	 	 	11%	  	 	 	12%	  	 	 	13%	  	 	 	14%	  	 	 	15%	  	 	 	16%	  	 	 	17%	  	 	 	18%	  	 	 	19%	  	 	 	20%	  	 	 	21%	  	 	 	22%	  	 	 	23%	  	 	 	24%	  	 	 	25%	  	 	 	26%	  	 	 	27%	  	 	 	28%	  	 	 	29%	  	 	 	30%	  	 	 	31%	  	 	 	32%	  	 	 	33%	  	 	 	34%	  	 	
		 		 	 	Return on Assets (Percent)Loan and Security Agreement

 Exhibit 10.1 
 LOAN AND SECURITY AGREEMENT 
 THIS LOAN AND SECURITY AGREEMENT (this
“Agreement”) is entered into on December 19, 2011 (the “Effective Date”) between SILICON VALLEY BANK, a California corporation with a loan production office located at with a loan production office
located at 275 Grove Street, Suite 2-200, Newton, Massachusetts 02466 (“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”), and 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”), provides the terms on which Bank shall lend to Borrower and Borrower shall repay Bank. This Agreement replaces in its entirety that certain
Amended and Restated Loan and Security Agreement dated as of October 10, 2008, as amended by a certain Consent, Joinder and First Loan Modification Agreement, dated as of June 8, 2009, as further amended by a certain Second Loan
Modification Agreement, dated as of November 2, 2009, as further amended by a certain Waiver and Third Loan Modification Agreement, dated as of February 25, 2010, as further amended by a certain Joinder and Fourth Loan Modification
Agreement, dated as of June 23, 2010, as further amended by a certain Fifth Loan Modification and Waiver Agreement, dated as of September 30, 2010, as further amended by a certain Sixth Loan Modification Agreement, dated as of
March 1, 2011, and as further amended by a certain Seventh Loan Modification Agreement, dated as of August 18, 2011, by and between Bank, Alteris, EFEG, Solar Works, RPS and ISI (as amended, the “Prior Loan Agreement”).
The parties agree as follows: 
 1 ACCOUNTING AND OTHER TERMS 

Accounting terms not defined in this Agreement shall be construed following GAAP. Calculations and determinations must be made following
GAAP. Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in Section 13. All other terms contained in this Agreement, unless otherwise indicated, shall have the meaning provided by the Code to the extent
such terms are defined therein. 
 2 LOAN AND TERMS OF PAYMENT 

2.1 Promise to Pay. Borrower hereby unconditionally promises to pay Bank the outstanding principal amount of all Credit Extensions
and accrued and unpaid interest thereon as and when due in accordance with this Agreement. 
 2.1.1 Revolving Advances.

 (a) Availability. Subject to the terms and conditions of this Agreement and to deduction of Reserves, Bank shall make
Advances not exceeding the Availability Amount. Amounts borrowed under the Revolving Line may be repaid, and prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and conditions precedent herein. 

(b) Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the principal amount of all
Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. 
 2.1.2 Letters of Credit Sublimit. 
 (a) As part of the Revolving Line, Bank
shall issue or have issued Letters of Credit denominated in Dollars or a Foreign Currency for Borrower’s account. The aggregate Dollar Equivalent amount utilized for the issuance of Letters of Credit shall at all times reduce the amount
otherwise available for Advances under the Revolving Line. The aggregate Dollar Equivalent of the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed the
lesser of (A) Five Hundred Thousand Dollars ($500,000) or (B) the lesser of (i) Revolving Line or the Borrowing Base, minus (ii) the sum of all outstanding principal amounts of any Advances. 

 (b) If, on the Revolving Line Maturity Date (or the effective date of any termination of
this Agreement), there are any outstanding Letters of Credit, then on such date Borrower shall provide to Bank cash collateral in an amount equal to 105% (110% for such Letters of Credit denominated in a currency other than Dollars) of the Dollar
Equivalent of the face amount of all such Letters of Credit plus all interest, fees, and costs due or to become due in connection therewith (as estimated by Bank in its good faith business judgment), to secure all of the Obligations relating to such
Letters of Credit. All Letters of Credit shall be in form and substance acceptable to Bank in its sole discretion and shall be subject to the terms and conditions of Bank’s standard Application and Letter of Credit Agreement (the
“Letter of Credit Application”). Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request. Borrower further agrees to be bound by the regulations and
interpretations of the issuer of any Letters of Credit guarantied by Bank and opened for Borrower’s account or by Bank’s interpretations of any Letter of Credit issued by Bank for Borrower’s account, and Borrower understands and
agrees that Bank shall not be liable for any error, negligence, or mistake, whether of omission or commission, in following Borrower’s instructions or those contained in the Letters of Credit or any modifications, amendments, or supplements
thereto. 
 (c) The obligation of Borrower to immediately reimburse Bank for drawings made under Letters of Credit shall be
absolute, unconditional, and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, such Letters of Credit, and the Letter of Credit Application. 

(d) Borrower may request that Bank issue a Letter of Credit payable in a Foreign Currency. If a demand for payment is made under any such
Letter of Credit, Bank shall treat such demand as an Advance to Borrower of the Dollar Equivalent of the amount thereof (plus fees and charges in connection therewith such as wire, cable, SWIFT or similar charges). 

(e) To guard against fluctuations in currency exchange rates, upon the issuance of any Letter of Credit payable in a Foreign Currency,
Bank shall create a reserve (the “Letter of Credit Reserve”) under the Revolving Line in an amount equal to ten percent (10%) of the face amount of such Letter of Credit. The amount of the Letter of Credit Reserve may be
adjusted by Bank from time to time to account for fluctuations in the exchange rate. The availability of funds under the Revolving Line shall be reduced by the amount of such Letter of Credit Reserve for as long as such Letter of Credit remains
outstanding. 
 2.2 Overadvances. If, at any time, the sum of (a) the outstanding principal amount of any Advances
plus (b) the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve), exceeds the lesser of either the Revolving Line or the Borrowing Base (such excess amount being
an “Overadvance”), Borrower shall immediately pay to Bank in cash such Overadvance. Without limiting Borrower’s obligation to repay Bank any amount of the Overadvance, Borrower agrees to pay Bank interest on the outstanding
amount of any Overadvance, on demand, at the Default Rate. 
 2.3 Payment of Interest on the Credit Extensions.

 (a) Interest Rate. 
 (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 one
and three-quarters percentage points (1.75%); 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. 
 (b) Default Rate.
Immediately upon the occurrence and during the continuance of an Event of Default, Obligations shall bear interest at a rate per annum which is four percentage points (4.00%) above the rate that is otherwise applicable thereto (the
“Default Rate”) unless Bank otherwise elects from time to time in its sole discretion to impose a smaller increase. Fees and expenses which are required to be paid by Borrower pursuant to the Loan Documents (including, without
limitation, Bank Expenses) but are not paid when due shall bear interest until paid at a rate equal to the highest rate applicable to the Obligations. Payment or acceptance of the increased interest rate provided in this Section 2.3(b) is not a
permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Bank. 

  
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 (c) Adjustment to Interest Rate. Changes to the interest rate of any Credit Extension
based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. 
 (d) Computation; 360-Day Year. In computing interest, the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however,
that if any Credit Extension is repaid on the same day on which it is made, such day shall be included in computing interest on such Credit Extension. Interest shall be computed on the basis of a 360-day year for the actual number of days elapsed.

 (e) Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit
Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off. 
 (f) Interest Payment Date. Unless otherwise provided, interest is payable monthly on the last calendar day of each month. 
 (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. 

2.4 Fees. Borrower shall pay to Bank: 
 (a) Commitment Fee. A fully earned, non-refundable commitment fee of Twenty-Two Thousand Five Hundred Dollars ($22,500), on the Effective Date; and 

(b) Letter of Credit Fee. Bank’s customary fees and expenses for the issuance or renewal of Letters of Credit, upon the
issuance of such Letter of Credit, each anniversary of the issuance during the term of such Letter of Credit, and upon the renewal of such Letter of Credit by Bank; 
 (c) Unused Revolving Line Facility Fee. A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one-half
percent (0.50%) per annum of the average unused portion of the Revolving Line. The unused portion of the Revolving Line, for purposes of this calculation, shall equal the difference between (x) the Revolving Line amount (as it may be reduced
from time to time) and (y) the average for the period of the daily closing balance of the Revolving Line outstanding. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned
by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and 

(d) Bank Expenses. All Bank Expenses (including reasonable attorneys’ fees and expenses for documentation and negotiation of
this Agreement) incurred through and after the Effective Date, when due. 
 2.5 Payments; Application of Payments.

 (a) All payments (including prepayments) to be made by Borrower under any Loan Document shall be made in immediately
available funds in Dollars, without setoff or counterclaim, before 12:00 noon Eastern time on the date when due. Payments of principal and/or interest received after 12:00 noon Eastern time are considered received at the opening of business on the
next Business Day. When a payment is due on a day that is not a Business Day, the payment shall be due the next Business Day, and additional fees or interest, as applicable, shall continue to accrue until paid. 

(b) Bank shall apply the whole or any part of collected funds against the Revolving Line or credit such collected funds to a depository
account of Borrower with Bank (or an account maintained by an Affiliate of Bank), the order and method of such application to be in the sole discretion of Bank. Borrower shall have no right to specify the order or the accounts to which Bank shall
allocate or apply any payments required to be made by Borrower to Bank or otherwise received by Bank under this Agreement when any such allocation or application is not specified elsewhere in this Agreement. 

  
 -3-

 3 CONDITIONS OF LOANS 

3.1 Conditions Precedent to Initial Advance. Bank’s obligation to make the initial Advance is subject to the condition
precedent that Bank shall have received, in form and substance satisfactory to Bank, such documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate, including, without limitation: 

(a) duly executed signature pages to the Loan Documents; 
 (b) Each Real Goods Borrower’s Operating Documents and 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 Effective Date; 

(c) duly executed signature pages to the Secretary’s Certificate with completed Borrowing Resolutions for each Borrower; 

(d) the Subordination Agreement by Gaiam, Inc. in favor of Bank, together with the duly executed signature pages thereto; 

(e) the Subordination Agreement by Riverside Partners, LLC in favor of Bank, together with the duly executed signature pages thereto;

 (f) evidence satisfactory to Bank that each of the Prior Lenders has been paid in full; 

(g) the Liens securing Indebtedness owed by Borrower to Prior Lenders, as applicable, will be terminated and (ii) the documents
and/or filings evidencing the perfection of such Liens, including without limitation any financing statements and/or control agreements, have or will, concurrently with the initial Advance, be terminated; 

(h) certified copies, dated as of a recent date, of financing statement searches, as Bank shall request, accompanied by written evidence
(including any UCC termination statements) that the Liens indicated in any such financing statements either constitute Permitted Liens or have been or, in connection with the initial Advance, will be terminated or released; 

(i) the Perfection Certificates of each Real Goods Borrower and Secured Guarantor, together with the duly executed signature pages
thereto; 
 (j) a legal opinion of Borrower’s counsel, with regard to formation and authorization of the Loan Documents
with regard to each Real Goods Borrower, in form and substance acceptable to Bank, in its reasonable discretion, dated as of the Effective Date together with the duly executed original signature pages thereto; 

(k) duly executed original signature pages to the Guaranty; 
 (l) duly executed original signature pages to the Security Agreement; 
 (m) duly
executed signature pages to the Secretary’s Certificate with completed Guaranty Resolutions for Secured Guarantor; 
 (n)
the Pledge Agreement, together with the duly executed signature pages thereto and any certificates and stock powers required to be delivered in connection therewith; 
 (o) duly executed signature pages to a certificate of a Responsible Officer of Borrower certifying that the executed merger documents and post-closing organizational chart provided to Administrative Agent
are true and complete copies; 

  
 -4-

 (p) evidence satisfactory to Bank that the insurance policies required by Section 6.7
hereof are in full force and effect, together with appropriate evidence showing lender loss payable and/or additional insured clauses and cancellation notice to Bank (or endorsements reflecting the same) in favor of Bank; 

(q) payment of the fees and Bank Expenses then due as specified in Section 2.4 hereof. 

3.2 Conditions Precedent to all Credit Extensions. Bank’s obligation to make each Credit Extension, including the initial
Credit Extension, is subject to the following conditions precedent: 
 (a) except as otherwise provided in Section 3.4,
timely receipt of an executed Transaction Report; 
 (b) the representations and warranties in this Agreement shall be true,
accurate, and complete in all material respects on the date of the Transaction Report and on the Funding Date of each Credit Extension; 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, and no Default or Event of Default shall have occurred and be continuing or result from the Credit Extension. Each Credit Extension is Borrower’s representation and warranty on that date that the representations and warranties in
this Agreement remain true, accurate, and complete in all material respects; 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; and 

(c) in Bank’s reasonable discretion, there has not been a Material Adverse Change. 

3.3 Covenant to Deliver. Borrower agrees to deliver to Bank each item required to be delivered to Bank under this Agreement as a
condition precedent to any Credit Extension. Borrower expressly agrees that a Credit Extension made prior to the receipt by Bank of any such item shall not constitute a waiver by Bank of Borrower’s obligation to deliver such item, and the
making of any Credit Extension in the absence of a required item shall be in Bank’s sole discretion. 
 3.4 Procedures
for Borrowing; Advances. Subject to the prior satisfaction of all other applicable conditions to the making of an Advance set forth in this Agreement, to obtain an Advance, Borrower shall notify Bank (which notice shall be irrevocable) by
electronic mail, facsimile, or telephone by 12:00 noon Eastern time on the Funding Date of the Advance. Together with any such electronic or facsimile notification, Borrower shall deliver to Bank by electronic mail or facsimile a completed
Transaction Report executed by a Responsible Officer or his or her designee. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Bank shall credit Advances to the Designated Deposit
Account. Bank may make Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Advances are necessary to meet Obligations which have become due. 

4 CREATION OF SECURITY INTEREST 
 4.1 Grant of Security Interest. Borrower hereby grants Bank, to secure the payment and performance in full of all of the Obligations, a continuing security interest in, and pledges to Bank, the
Collateral, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof. 

Borrower acknowledges that it previously has entered, and/or may in the future enter, into Bank Services Agreements with Bank. Regardless
of the terms of any Bank Services Agreement, Borrower agrees that any amounts Borrower owes Bank thereunder shall be deemed to be Obligations hereunder and that it is the intent of Borrower and Bank to have all such Obligations secured by the first
priority perfected security interest in the Collateral granted herein (subject only to Permitted Liens that expressly have superior priority to Bank’s Lien in this Agreement). 

If this Agreement is terminated, Bank’s Lien in the Collateral shall continue until the Obligations (other than inchoate indemnity
obligations) are satisfied in full, and at such time, Bank shall, at Borrower’s sole cost and expense, terminate its security interest in the Collateral and all rights therein shall revert to Borrower. In the event (a) all Obligations
(other than inchoate indemnity obligations), except for Bank Services, are satisfied in full, and (b) this Agreement is terminated, Bank shall terminate the security interest granted herein upon Borrower providing cash collateral acceptable to
Bank in its good faith business judgment for Bank Services, if any. 

  
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 4.2 Priority of Security Interest. Borrower represents, warrants, and covenants that
the security interest granted herein is and shall at all times continue to be a first priority perfected security interest in the Collateral (subject only to Permitted Liens that expressly have superior priority to Bank’s Lien under this
Agreement). If Borrower shall acquire a commercial tort claim, Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds
thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank. 

4.3 Authorization to File Financing Statements. Borrower hereby authorizes Bank to file financing statements, without notice to
Borrower, with all appropriate jurisdictions to perfect or protect Bank’s interest or rights hereunder, including a notice that any disposition of the Collateral, by either Borrower or any other Person, may be deemed to violate the rights of
Bank under the Code. Such financing statements may indicate the Collateral as “all assets of the Debtor” or words of similar effect, or as being of an equal or lesser scope, or with greater detail, all in Bank’s discretion.

 5 REPRESENTATIONS AND WARRANTIES 
 Borrower represents and warrants as follows: 
 5.1 Due Organization;
Authorization; Power and Authority. Borrower and each of its Subsidiaries are duly existing and in good standing as a Registered Organization in its jurisdiction of formation and each is qualified and licensed to do business and each is in good
standing in any jurisdiction in which the conduct of each of its business or its ownership of property requires that it be qualified except where the failure to do so could not reasonably be expected to have a material adverse effect on
Borrower’s business. In connection with this Agreement, Borrower has delivered to Bank completed certificates each signed by Borrower and Secured Guarantor, respectively, entitled “Perfection Certificate”. Borrower represents and
warrants to Bank that (a) Borrower’s exact legal name is that indicated on the Perfection Certificate and on the signature page hereof; (b) Borrower is an organization of the type and is organized in the jurisdiction set forth in the
Perfection Certificate; (c) the Perfection Certificate accurately sets forth Borrower’s organizational identification number or accurately states that Borrower has none; (d) the Perfection Certificate accurately sets forth
Borrower’s place of business, or, if more than one, its chief executive office as well as Borrower’s mailing address (if different than its chief executive office); (e) Borrower (and each of its predecessors) has not, in the past five
(5) years, changed its jurisdiction of formation, organizational structure or type, or any organizational number assigned by its jurisdiction; and (f) all other information set forth on the Perfection Certificate pertaining to Borrower and
each of its Subsidiaries is accurate and complete (it being understood and agreed that Borrower may from time to time update certain information in the Perfection Certificate after the Effective Date to the extent permitted by one or more specific
provisions in this Agreement). If Borrower is not now a Registered Organization but later becomes one, Borrower shall promptly notify Bank of such occurrence and provide Bank with Borrower’s organizational identification number. 

The execution, delivery and performance by Borrower of the Loan Documents to which it is a party have been duly authorized, and do not
(i) conflict with any of Borrower’s organizational documents, (ii) contravene, conflict with, constitute a default under or violate any material Requirement of Law, (iii) contravene, conflict or violate any applicable order,
writ, judgment, injunction, decree, determination or award of any Governmental Authority by which Borrower or any of its Subsidiaries or any of their property or assets may be bound or affected, (iv) require any action by, filing, registration,
or qualification with, or Governmental Approval from, any Governmental Authority (except such Governmental Approvals which have already been obtained and are in full force and effect or (v) constitute an event of default under any material
agreement by which Borrower is bound. Borrower is not in default under any agreement to which it is a party or by which it is bound in which the default could reasonably be expected to have a material adverse effect on Borrower’s business.

 5.2 Collateral. Borrower has good title to, has rights in, and the power to transfer each item of the Collateral upon
which it purports to grant a Lien hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other than the deposit accounts with Bank, the deposit accounts, if any described in the Perfection Certificate
delivered to Bank in connection herewith, or of which Borrower has given Bank notice and taken such actions as are necessary to give Bank a perfected security interest therein. The Accounts are bona fide, existing obligations of the Account Debtors.

  
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 The Collateral is not in the possession of any third party bailee (such as a warehouse)
except as otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. In the event
that Borrower, after the date hereof, intends to store or otherwise deliver any portion of the Collateral to a bailee, then Borrower will first receive the written consent of Bank and such bailee must execute and deliver a bailee agreement in form
and substance satisfactory to Bank in its sole discretion. 
 All Inventory is in all material respects of good and marketable
quality, free from material defects. 
 Borrower is the sole owner of the Intellectual Property which it owns or purports to own
except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower
and noted on the Perfection Certificate. Each Patent which it owns or purports to own and which is material to Borrower’s business is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and
which is material to Borrower’s business has been judged invalid or unenforceable, in whole or in part. To the best of Borrower’s knowledge, no claim has been made that any part of the Intellectual Property violates the rights of any third
party except to the extent such claim would not have a material adverse effect on Borrower’s business. 
 Except as noted
on the Perfection Certificate, Borrower is not a party to, nor is it bound by, any Restricted License. 
 5.3 Accounts
Receivable. For any Eligible Account in any Borrowing Base Certificate, all statements made and all unpaid balances appearing in all invoices, instruments and other documents evidencing such Eligible Accounts are and shall be true and correct
and all such invoices, instruments and other documents, and all of Borrower’s Books are genuine and in all respects what they purport to be. Whether or not an Event of Default has occurred and is continuing, Bank may, after consultation and
reasonable notice to the Borrower, notify any Account Debtor owing Borrower money of Bank’s security interest in such funds and verify the amount of such Eligible Account. All sales and other transactions underlying or giving rise to each
Eligible Account shall comply in all material respects with all applicable laws and governmental rules and regulations. Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are Eligible
Accounts in any Borrowing Base Certificate. To the best of Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and agreements relating to all Eligible Accounts are genuine, and all such documents, instruments
and agreements are legally enforceable in accordance with their terms. 
 5.4 Litigation. There are no actions or
proceedings pending or, to the knowledge of the Responsible Officers, threatened in writing by or against Borrower or any of its Subsidiaries involving more than, individually or in the aggregate, One Hundred Thousand Dollars ($100,000). 

5.5 Financial Condition. All consolidated financial statements for Borrower and any of its Subsidiaries delivered to Bank fairly
present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material deterioration in Borrower’s consolidated financial condition since the
date of the most recent financial statements submitted to Bank. 
 5.6 Solvency. The fair salable value of
Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; Borrower is not left with unreasonably small capital after the transactions in this Agreement; and Borrower is able to pay its debts
(including trade debts) as they mature. 
 5.7 Regulatory Compliance. Borrower is not an “investment company”
or a company “controlled” by an “investment company” under the Investment Company Act of 1940, as amended. Borrower is not engaged as one of its important activities in extending credit for margin stock (under Regulations X, T
and U of the Federal Reserve Board of Governors). Borrower has complied in all material respects with the Federal Fair Labor Standards Act. Neither Borrower nor any of its Subsidiaries is a “holding company” or an “affiliate” of
a “holding company” or a “subsidiary company” of a “holding company” as each term is defined and used in the Public Utility Holding Company Act of 2005. Borrower has not violated any laws, ordinances or rules, the
violation of which could reasonably be expected to have a material adverse effect on its business. None of Borrower’s or any of its Subsidiaries’ properties or assets has been used by Borrower or any Subsidiary or, to the best of
Borrower’s knowledge, by previous Persons, in disposing, producing, storing, treating, or transporting any hazardous substance other than legally. Borrower and each of its Subsidiaries have obtained all consents, approvals and authorizations
of, made all declarations or filings with, and given all notices to, all Governmental Authorities that are necessary to continue their respective businesses as currently conducted. 

  
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 5.8 Subsidiaries; Investments. Borrower does not own any stock, partnership interest
or other equity securities except for Permitted Investments. 
 5.9 Tax Returns and Payments; Pension Contributions.
Borrower 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. Borrower may defer payment of any contested taxes,
provided that Borrower (a) in good faith contests its obligation to pay the taxes by appropriate proceedings promptly and diligently instituted and conducted, (b) notifies Bank in writing of the commencement of, and any material
development in, the proceedings, (c) posts bonds or takes any other steps required to prevent the Governmental Authority levying such contested taxes from obtaining a Lien upon any of the Collateral that is other than a “Permitted
Lien”. Borrower is unaware of any claims or adjustments proposed for any of Borrower’s prior tax years which could result in additional taxes becoming due and payable by Borrower. Borrower has paid all amounts necessary to fund all present
pension, profit sharing and deferred compensation plans in accordance with their terms, and Borrower has not withdrawn from participation in, and has not permitted partial or complete termination of, or permitted the occurrence of any other event
with respect to, any such plan which could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency. 

5.10 Use of Proceeds. Borrower shall use the proceeds of the Credit Extensions solely as working capital to fund its general
business requirements and not for personal, family, household or agricultural purposes. 
 5.11 Full Disclosure. No
written representation, warranty or other statement of Borrower in any certificate or written statement given to Bank, as of the date such representation, warranty, or other statement was made, taken together with all such written certificates and
written statements given to Bank, contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained in the certificates or statements not misleading (it being recognized by Bank that the
projections and forecasts provided by Borrower in good faith and based upon reasonable assumptions are not viewed as facts and that actual results during the period or periods covered by such projections and forecasts may differ from the projected
or forecasted results). 
 5.12 Definition of “Knowledge.” For purposes of the Loan Documents, whenever a
representation or warranty is made to Borrower’s knowledge or awareness, to the “best of” Borrower’s knowledge, or with a similar qualification, knowledge or awareness means the actual knowledge, after reasonable investigation,
of the Responsible Officers. 
 5.13 Designated Senior Indebtedness. The Loan Documents and all of the Obligations shall
be deemed “Designated Senior Indebtedness” or a similar concept thereof for purposes of any Indebtedness of the Borrower. 
 6 AFFIRMATIVE COVENANTS 
 Borrower shall do all of the following:

 6.1 Government Compliance. (a) Maintain its and all its Subsidiaries’ legal existence and good standing in
their respective jurisdictions of formation and maintain qualification in each jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on Borrower’s business or operations. Borrower shall
comply, and have each Subsidiary comply, with all laws, ordinances and regulations to which it is subject, the noncompliance with which could have a material adverse effect on Borrower’s business. 

(b) Obtain all of the Governmental Approvals necessary for the performance by Borrower of its obligations under the Loan Documents to
which it is a party and the grant of a security interest to Bank in all of its property. Borrower shall promptly provide copies of any such obtained Governmental Approvals to Bank. 

  
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 6.2 Financial Statements, Reports, Certificates. 

(a) Borrower shall provide Bank with the following: 
 (i) (A) weekly, and (B) upon each request for a Credit Extension, a Transaction Report; 
 (ii) within twenty (20) days after the end of each month, (A) monthly accounts receivable agings, aged by invoice date, (B) monthly accounts payable agings, aged by invoice date, and
outstanding or held check registers, if any, and (C) monthly reconciliations of accounts receivable agings (aged by invoice date), transaction reports and general ledger, 

(iii) as soon as available, and in any event within thirty (30) days after the end of each month, monthly unaudited
consolidating financial statements; 
 (iv) within thirty (30) days after the end of each month, (A) monthly
Deferred Revenue report, (B) monthly bank statements, in form and substance acceptable to Bank, in its reasonable discretion, for each bank account of Borrower maintained at a financial institution other than Bank and/or Bank’s Affiliates,
and (C) schedules of assets related to third-party construction and financing arrangements (including, without limitation, such construction and financing arrangements involving Finco or any Subsidiary of Finco), including a list of any
performance bonds; 
 (v) within thirty (30) days after the end of each month a monthly Compliance Certificate signed by a
Responsible Officer, certifying that as of the end of such month, Borrower was in full compliance with all of the terms and conditions of this Agreement, and setting forth calculations showing compliance with the financial covenants set forth in
this Agreement and such other information as Bank shall reasonably request, including, without limitation, a statement that at the end of such month there were no held checks; 

(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; 

(vii) within five (5) days of delivery, copies of all statements, reports and notices made available to Borrower’s security
holders or to any holders of Subordinated Debt; 
 (viii) within five (5) days after filing, all reports on Form 10-K,
10-Q and 8-K filed with the SEC or a link thereto on Borrower’s or another website on the Internet; 
 (ix) a prompt
report of any legal actions pending or threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Hundred Thousand Dollars
($100,000) or more; 
 Notwithstanding the foregoing, during a Streamline Period, provided no Event of Default has occurred and
is continuing, Borrower shall be required to provide Bank with the reports and schedules required pursuant to clause (a)(i)(A) above monthly, within twenty (20) days after the end of each month. 

(b) Borrower shall provide Bank with prompt written notice of (i) any material change in the composition of the Intellectual
Property, (ii) the registration of any Copyright (including any subsequent ownership right of Borrower in or to any Copyright), Patent or Trademark not previously disclosed to Bank, or (iii) Borrower’s knowledge of an event that
materially adversely affects the value of the Intellectual Property. 
 6.3 Accounts Receivable. 

(a) Schedules and Documents Relating to Accounts. Borrower shall deliver to Bank transaction reports and schedules of
collections, as provided in Section 6.2, on Bank’s standard forms; provided, however, that Borrower’s failure to execute and deliver the same shall not affect or limit Bank’s Lien and other rights in all of Borrower’s
Accounts, nor shall Bank’s failure to advance or lend against a specific Account affect or limit Bank’s Lien and other rights therein. If requested by Bank, Borrower shall furnish Bank with copies (or, at

  
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Bank’s request, originals) of all contracts, orders, invoices, and other similar documents, and all shipping instructions, delivery receipts, bills of lading, and other evidence of delivery,
for any goods the sale or disposition of which gave rise to such Accounts. In addition, Borrower shall deliver to Bank, on its request, the originals of all instruments, chattel paper, security agreements, guarantees and other documents and property
evidencing or securing any Accounts, in the same form as received, with all necessary endorsements, and copies of all credit memos. 
 (b) Disputes. Borrower shall promptly notify Bank of all disputes or claims relating to Accounts. Borrower may forgive (completely or partially), compromise, or settle any Account for less than
payment in full, or agree to do any of the foregoing so long as (i) Borrower does so in good faith, in a commercially reasonable manner, in the ordinary course of business, in arm’s-length transactions, and reports the same to Bank in the
regular reports provided to Bank; (ii) no Default or Event of Default has occurred and is continuing; and (iii) after taking into account all such discounts, settlements and forgiveness, the total outstanding Advances will not exceed the
Availability Amount. 
 (c) Collection of Accounts. Borrower shall have the right to collect all Accounts, unless and
until a Default or an Event of Default has occurred and is continuing. All payments on, and proceeds of, Accounts (other than Accounts of the Real Goods Borrowers) shall be deposited directly by the applicable Account Debtor into a lockbox account,
or such other “blocked account” as Bank may specify, pursuant to a blocked account agreement in form and substance satisfactory to Bank in its sole discretion. Whether or not an Event of Default has occurred and is continuing, Borrower
shall immediately deliver all payments on and proceeds of Accounts (other than Accounts of the Real Goods Borrowers) to an account maintained with Bank to be applied (i) prior to an Event of Default, to the Revolving Line pursuant to the terms
of Section 2.5(b) hereof, and (ii) after the occurrence and during the continuance of an Event of Default, pursuant to the terms of Section 9.4 hereof; provided, that during a Streamline Period, such payments and
proceeds shall be transferred to an operating account of Borrower maintained at Bank. Notwithstanding anything herein to the contrary, including, without limitation, the provisions of Section 6.8, the parties acknowledge that Borrower shall be
shall be permitted to maintain the Wells Fargo Account for the deposit of payments on, and proceeds of, Accounts of the Real Goods Borrowers. 
 (d) Returns. Provided no Event of Default has occurred and is continuing, if any Account Debtor returns any Inventory to Borrower, Borrower shall promptly (i) determine the reason for
such return, (ii) issue a credit memorandum to the Account Debtor in the appropriate amount, and (iii) provide a copy of such credit memorandum to Bank, upon request from Bank. In the event any attempted return occurs after the
occurrence and during the continuance of any Event of Default, Borrower shall immediately notify Bank of the return of the Inventory. 
 (e) Verification. Bank may, from time to time, after consultation and reasonable notice to the Borrower, verify directly with the respective Account Debtors the validity, amount and other
matters relating to the Accounts, either in the name of Borrower or Bank or such other name as Bank may choose. 
 (f) No
Liability. Bank shall not be responsible or liable for any shortage or discrepancy in, damage to, or loss or destruction of, any goods, the sale or other disposition of which gives rise to an Account, or for any error, act, omission, or
delay of any kind occurring in the settlement, failure to settle, collection or failure to collect any Account, or for settling any Account in good faith for less than the full amount thereof, nor shall Bank be deemed to be responsible for any of
Borrower’s obligations under any contract or agreement giving rise to an Account. Nothing herein shall, however, relieve Bank from liability for its own gross negligence or willful misconduct. 

6.4 Remittance of Proceeds. Except as otherwise provided in Section 6.3(c), deliver, in kind, all proceeds arising from the
disposition of any Collateral to Bank in the original form in which received by Borrower not later than the following Business Day after receipt by Borrower, to be applied to the Obligations (1) prior to an Event of Default, pursuant to the
terms of Section 2.5(b) hereof, and (2) after the occurrence and during the continuance of an Event of Default, pursuant to the terms of Section 9.4 hereof; provided that, if no Event of Default has occurred and is continuing,
Borrower shall not be obligated to remit to Bank the proceeds of the sale of surplus, worn out or obsolete Equipment disposed of by Borrower in good faith in an arm’s length transaction for an aggregate purchase price of Two Hundred Thousand
Dollars ($200,000) or less (for all such transactions in any fiscal year). Borrower agrees that it will maintain all proceeds of Collateral in an account maintained with Bank. Nothing in this Section limits the restrictions on disposition
of Collateral set forth elsewhere in this Agreement. 

  
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 6.5 Taxes; Pensions; Withholding. Timely file, and require each of its Subsidiaries
to timely file, all required tax returns and reports and timely pay, and require each of its Subsidiaries to timely pay, all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower and each of its
Subsidiaries, except for deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereof, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all
present pension, profit sharing and deferred compensation plans in accordance with their terms. 
 6.6 Access to Collateral;
Books and Records. In addition to the Initial Audit, at reasonable times, on one (1) Business Day’s notice (provided no notice is required if an Event of Default has occurred and is continuing), Bank, or its agents, shall have the
right, in the event the Streamline Period is not in effect at any time during the four (4) months immediately prior to the Revolving Line Maturity Date to inspect the Collateral and the right to audit and copy Borrower’s Books. The
foregoing inspections and audits shall be at Borrower’s expense, and the charge therefor shall be $850 per person per day (or such higher amount as shall represent Bank’s then-current standard charge for the same), plus reasonable
out-of-pocket expenses. In the event Borrower and Bank schedule an audit more than ten (10) days in advance, and Borrower cancels or seeks to reschedule the audit with less than ten (10) days written notice to Bank, then (without limiting
any of Bank’s rights or remedies), Borrower shall pay Bank a fee of $1,000 plus any out-of-pocket expenses incurred by Bank to compensate Bank for the anticipated costs and expenses of the cancellation or rescheduling. 

6.7 Insurance. Keep its business and the Collateral insured for risks and in amounts standard for companies in Borrower’s
industry and location and as Bank may reasonably request. Insurance policies shall be in a form, with companies, and in amounts that are satisfactory to Bank. All property policies shall have a lender’s loss payable endorsement showing Bank as
a lender loss payee and waive subrogation against Bank. All liability policies shall show, or have endorsements showing, Bank as an additional insured. All policies (or their respective endorsements) shall provide that the insurer shall give Bank at
least twenty (20) days notice before canceling, amending, or declining to renew its policy. At Bank’s request, Borrower shall deliver certified copies of policies and evidence of all premium payments. Proceeds payable under any policy
shall, at Bank’s option, be payable to Bank on account of the Obligations. Notwithstanding the foregoing, (a) so long as no Event of Default has occurred and is continuing, Borrower shall have the option of applying the proceeds of any
casualty policy up to Fifty Thousand Dollars ($50,000) with respect to any loss, but not exceeding One Hundred Thousand Dollars ($100,000) in the aggregate for all losses under all casualty policies in any one year, toward the replacement or repair
of destroyed or damaged property; provided that any such replaced or repaired property (i) shall be of equal or like value as the replaced or repaired Collateral and (ii) shall be deemed Collateral in which Bank has been granted a first
priority security interest, and (b) after the occurrence and during the continuance of an Event of Default, all proceeds payable under such casualty policy shall, at the option of Bank, be payable to Bank on account of the Obligations. If
Borrower fails to obtain insurance as required under this Section 6.7 or to pay any amount or furnish any required proof of payment to third persons and Bank, Bank may make all or part of such payment or obtain such insurance policies required
in this Section 6.7, and take any action under the policies Bank deems prudent. 
 6.8 Operating Accounts.

 (a) Maintain its and its Subsidiaries’ (other than Finco or any Subsidiary of Finco, for which this
Section 6.8(a) shall be inapplicable), primary depository accounts, operating accounts and securities accounts with Bank and Bank’s affiliates with all excess funds maintained at or invested through Bank or an affiliate of Bank; provided
that, Borrower shall be permitted to maintain its existing Wells Fargo Account. 
 (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. 

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. 

  
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 6.10 Protection of Intellectual Property Rights. 

(a) (i) Protect, defend and maintain the validity and enforceability of its Intellectual Property; (ii) promptly advise Bank in
writing of material infringements of its Intellectual Property; and (iii) not allow any Intellectual Property material to Borrower’s business to be abandoned, forfeited or dedicated to the public without Bank’s written consent.

 (b) Provide written notice to Bank within ten (10) days of entering or becoming bound by any Restricted License (other
than over-the-counter software that is commercially available to the public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for (i) any Restricted License
to be deemed “Collateral” and for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the terms of any such Restricted License, whether now existing or entered into in the future, and
(ii) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and remedies under this Agreement and the other Loan Documents. 

6.11 Litigation Cooperation. From the date hereof and continuing through the termination of this Agreement, make available to
Bank, without expense to Bank, Borrower and its officers, employees and agents and Borrower’s Books, to the extent that Bank may deem them reasonably necessary to prosecute or defend any third-party suit or proceeding instituted by or against
Bank with respect to any Collateral or relating to Borrower. 
 6.12 Creation/Acquisition of Subsidiaries.
Notwithstanding and without limiting the negative covenant contained in Section 7.3 hereof, in the event Borrower or any Subsidiary creates or acquires any Subsidiary, Borrower and such Subsidiary shall promptly notify Bank of the creation or
acquisition of such new Subsidiary and, at Bank’s request, in its sole discretion, take all such action as may be reasonably required by Bank to cause each such Subsidiary to, in Bank’s sole discretion, become a co-Borrower or Guarantor
under the Loan Documents and grant a continuing pledge and security interest in and to the assets of such Subsidiary (substantially as described on Exhibit A hereto); and Borrower shall grant and pledge to Bank a perfected security interest in the
stock, units or other evidence of ownership of each Subsidiary. 
 6.13 Further Assurances. Execute any further
instruments and take further action as Bank reasonably requests to perfect or continue Bank’s Lien in the Collateral or to effect the purposes of this Agreement. Borrower shall deliver to Bank, within five (5) days after the same are sent
or received, copies of all correspondence, reports, documents and other filings with any Governmental Authority regarding compliance with or maintenance of Governmental Approvals or Requirements of Law or that could reasonably be expected to have a
material effect on any of the Governmental Approvals or otherwise on the operations of Borrower or any of its Subsidiaries. 

6.14 Post-closing Matters. 
 (a) within sixty (60) days after the Effective Date (or such later date as Bank shall determine, in its sole discretion), Borrower shall deliver evidence satisfactory to Bank, in its sole discretion,
that (i) the Liens securing Indebtedness owed by Borrower to the IRS will be terminated; (ii) the documents and/or filings evidencing the perfection of such Liens, including without limitation any financing statements, have or will,
concurrently with the initial Advance, be terminated; and (iii) all outstanding amounts owed by Borrower to the IRS, including penalties, fees and interest, pursuant to the IRS Tax Lien shall have been paid in full; 

(b) within forty-five (45) days after the Effective Date (or such later date as Bank shall determine, in its sole discretion), the
Bank shall have completed the Initial Audit; and 
 (c) within twenty (20) days after the Effective Date (or such later
date as Bank shall determine, in its sole discretion), Borrower shall have delivered to Bank a Control Agreement with respect to the Wells Fargo Account, in form and substance acceptable to Bank, in its sole discretion. 

  
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 7 NEGATIVE COVENANTS 

Borrower shall not do any of the following without Bank’s prior written consent: 

7.1 Dispositions. Convey, sell, lease, transfer, assign, or otherwise dispose of (collectively, “Transfer”), or
permit any of its Subsidiaries to Transfer, all or any part of its business or property, except for Transfers (a) of Inventory in the ordinary course of business; (b) of worn out or obsolete Equipment; (c) in connection with Permitted
Liens and Permitted Investments; and (d) involving Finco or any Subsidiary of Finco in accordance with the terms and conditions of the Key Transaction Documents. 
 7.2 Changes in Business, Management, Ownership, or Business Locations. (a) Engage in or permit any of its Subsidiaries (other than Finco or any Subsidiary of Finco, for which this
Section 7.2 shall be inapplicable) to engage in any business other than the businesses currently engaged in by Borrower and such Subsidiary, as applicable, or reasonably related thereto; (b) liquidate or dissolve; or (c)(i) have a change
in senior management without providing Bank with thirty (30) days’ advance notice of such change; or (ii) enter into any transaction or series of related transactions in which the stockholders of Borrower who were not stockholders
immediately prior to the first such transaction own more than 40% of the voting stock of Borrower immediately after giving effect to such transaction or related series of such transactions (other than by the sale of Borrower’s equity securities
in a public offering or to venture capital investors so long as Borrower identifies to Bank the venture capital investors prior to the closing of the transaction and provides to Bank a description of the material terms of the transaction).

 Borrower shall not, without at least thirty (30) days prior written notice to Bank: (1) add any new offices or
business locations (unless such new offices or business locations contain less than Ten Thousand Dollars ($10,000) in Borrower’s assets or property), (2) change its jurisdiction of organization, (3) change its organizational structure
or type, (4) change its legal name, or (5) change any organizational number (if any) assigned by its jurisdiction of organization. 
 7.3 Mergers or Acquisitions. Merge or consolidate, or permit any of its Subsidiaries (other than Finco or any Subsidiary of Finco, for which this Section 7.3 shall be inapplicable) to merge or
consolidate, with any other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person without the prior written consent of the Bank, which consent shall not be
unreasonably withheld. A Subsidiary may merge or consolidate into Borrower. 
 7.4 Indebtedness. Create, incur, assume,
or be liable for any Indebtedness, or permit any Subsidiary (other than Finco or any Subsidiary of Finco, for which this Section 7.4 shall be inapplicable) to do so, other than Permitted Indebtedness. 

7.5 Encumbrance. Create, incur, allow, or suffer any Lien on any of its property or assign or convey any right to receive income,
including the sale of any Accounts, or permit any of its Subsidiaries (other than Finco or any Subsidiary of Finco, for which this Section 7.5 shall be inapplicable) to do so, except for Permitted Liens, permit any Collateral not to be subject
to the first priority security interest granted herein, or enter into any agreement, document, instrument or other arrangement (except with or in favor of Bank) with any Person which directly or indirectly prohibits or has the effect of prohibiting
Borrower or any Subsidiary from assigning, mortgaging, pledging, granting a security interest in or upon, or encumbering any of Borrower’s or any Subsidiary’s Intellectual Property, except as is otherwise permitted in Section 7.1
hereof and the definition of “Permitted Liens” herein. 
 7.6 Maintenance of Collateral Accounts. Maintain any
Collateral Account except pursuant to the terms of Section 6.8(b) hereof. 
 7.7 Distributions; Investments.
(a) Pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock; or (b) directly or indirectly make any Investment (including, without limitation, any additional Investment in any Subsidiary) other
than Permitted Investments, or permit any of its Subsidiaries (other than Finco or any Subsidiary of Finco for which this Section 7.7 shall be inapplicable) to do so. 
 7.8 Transactions with Affiliates. Directly or indirectly enter into or permit to exist any material transaction with any Affiliate of Borrower, except for transactions (i) contemplated by
Finco or any Subsidiary of Finco pursuant to the terms and conditions of the Key Transaction Documents, and (ii) that are in the ordinary course of Borrower’s business, upon fair and reasonable terms that are no less favorable to Borrower
than would be obtained in an arm’s length transaction with a non-affiliated Person. 

  
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 7.9 Subordinated Debt. (a) Make or permit any payment on any Subordinated Debt,
except under the terms of the subordination, intercreditor, or other similar agreement to which such Subordinated Debt is subject, or (b) amend any provision in any document relating to the Subordinated Debt which would increase the amount
thereof or adversely affect the subordination thereof to Obligations owed to Bank. 
 7.10 Compliance. Become an
“investment company” or a company controlled by an “investment company”, under the Investment Company Act of 1940, as amended, or undertake as one of its important activities extending credit to purchase or carry margin stock (as
defined in Regulation U of the Board of Governors of the Federal Reserve System), or use the proceeds of any Credit Extension for that purpose; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or non-exempt
Prohibited Transaction, as defined in ERISA, to occur; fail to comply with the Federal Fair Labor Standards Act or violate any other law or regulation, if the violation could reasonably be expected to have a material adverse effect on
Borrower’s business, or permit any of its Subsidiaries to do so; withdraw or permit any Subsidiary to withdraw from participation in, permit partial or complete termination of, or permit the occurrence of any other event with respect to, any
present pension, profit sharing and deferred compensation plan which could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental
agency. 
 8 EVENTS OF DEFAULT 
 Any one of the following shall constitute an event of default (an “Event of Default”) under this Agreement: 
 8.1 Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three
(3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date). During the cure period, the failure to make or pay any payment
specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period); 
 8.2 Covenant Default. 
 (a) Borrower fails or neglects to perform any
obligation in Sections 6.2, 6.4, 6.5, 6.6, 6.7, 6.8, 6.9, or 6.11, or violates any covenant in Section 7; or 
 (b)
Borrower fails or neglects to perform, keep, or observe any other term, provision, condition, covenant or agreement contained in this Agreement or any Loan Documents, and as to any default (other than those specified in this Section 8) under
such other term, provision, condition, covenant or agreement that can be cured, has failed to cure the default within ten (10) days after the occurrence thereof; provided, however, that if the default cannot by its nature be cured within the
ten (10) day period or cannot after diligent attempts by Borrower be cured within such ten (10) day period, and such default is likely to be cured within a reasonable time, then Borrower shall have an additional period (which shall not in
any case exceed thirty (30) days) to attempt to cure such default, and within such reasonable time period the failure to cure the default shall not be deemed an Event of Default (but no Credit Extensions shall be made during such cure period).
Cure periods provided under this section shall not apply, among other things, to financial covenants or any other covenants set forth in clause (a) above; 
 8.3 Material Adverse Change. A Material Adverse Change occurs; 
 8.4
Attachment; Levy; Restraint on Business. 
 (a) (i) The service of process seeking to attach, by trustee or similar
process, any funds of Borrower or of any entity under the control of Borrower (including a Subsidiary) on deposit or otherwise maintained with Bank or any Bank Affiliate, or (ii) a notice of lien or levy is filed against any of Borrower’s
assets by any government agency, and the same under subclauses (i) and (ii) hereof are not, within ten (10) days after the occurrence thereof, discharged or stayed (whether through the posting of a bond or otherwise); provided,
however, no Credit Extensions shall be made during any ten (10) day cure period; or 
 (b) (i) any material portion of
Borrower’s assets is attached, seized, levied on, or comes into possession of a trustee or receiver, or (ii) any court order enjoins, restrains, or prevents Borrower from conducting any material part of its business; 

  
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 8.5 Insolvency. (a) Borrower is unable to pay its debts (including trade debts)
as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions
shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed); 
 8.6 Other Agreements. There is, under any agreement to which Borrower or any Guarantor is a party with a third party or parties, (a) any default resulting in a right by such third party or
parties, whether or not exercised, to accelerate the maturity of any Indebtedness in an amount individually or in the aggregate in excess of One Hundred Thousand Dollars ($100,000); or (b) any default by Borrower or any Guarantor, the result of
which could have a material adverse effect on Borrower’s or any Guarantor’s business; 
 8.7 Judgments. One or
more final judgments, orders, or decrees for the payment of money in an amount, individually or in the aggregate, of at least Fifty Thousand Dollars ($50,000) (not covered by independent third-party insurance as to which liability has been accepted
by such insurance carrier) shall be rendered against Borrower and the same are not, within ten (10) days after the entry thereof, discharged or execution thereof stayed or bonded pending appeal, or such judgments are not discharged prior to the
expiration of any such stay (provided that no Credit Extensions will be made prior to the discharge, stay, or bonding of such judgment, order, or decree); 
 8.8 Misrepresentations. Borrower or any Person acting for Borrower makes any representation, warranty, or other statement now or later in this Agreement, any Loan Document or in any writing
delivered to Bank or to induce Bank to enter this Agreement or any Loan Document, and such representation, warranty, or other statement is incorrect in any material respect when made; 

8.9 Subordinated Debt. Any document, instrument, or agreement evidencing any Subordinated Debt shall for any reason be revoked or
invalidated or otherwise cease to be in full force and effect, any Person shall be in breach thereof or contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the
Obligations shall for any reason be subordinated or shall not have the priority contemplated by this Agreement or the Subordination Agreement; 
 8.10 Guaranty. (a) Any guaranty of any Obligations terminates or ceases for any reason to be in full force and effect; (b) any Guarantor does not perform any obligation or covenant under
any guaranty of the Obligations; (c) any circumstance described in Sections 8.3, 8.4, 8.5, 8.7, or 8.8. occurs with respect to any Guarantor, (d) the liquidation, winding up, or termination of existence of any Guarantor; or
(e) (i) a material impairment in the perfection or priority of Bank’s Lien in the collateral provided by Guarantor or in the value of such collateral or (ii) a material adverse change in the general affairs, management, results
of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations occurs with respect to any Guarantor; or 
 8.11 Governmental Approvals. Any Governmental Approval shall have been (a) revoked, rescinded, suspended, modified in an adverse manner or not renewed in the ordinary course for a full term or
(b) subject to any decision by a Governmental Authority that designates a hearing with respect to any applications for renewal of any of such Governmental Approval or that could result in the Governmental Authority taking any of the actions
described in clause (a) above, and such decision or such revocation, rescission, suspension, modification or non-renewal (i) has, or could reasonably be expected to have, a Material Adverse Change, or (ii) adversely affects the legal
qualifications of Borrower or any of its Subsidiaries to hold such Governmental Approval in any applicable jurisdiction and such revocation, rescission, suspension, modification or non-renewal could reasonably be expected to affect the status of or
legal qualifications of Borrower or any of its Subsidiaries to hold any Governmental Approval in any other jurisdiction. 
 9
BANK’S RIGHTS AND REMEDIES 
 9.1 Rights and Remedies. While an Event of Default occurs and continues
Bank may, without notice or demand, do any or all of the following: 
 (a) declare all Obligations immediately due and payable
(but if an Event of Default described in Section 8.5 occurs all Obligations are immediately due and payable without any action by Bank); 
 (b) stop advancing money or extending credit for Borrower’s benefit under this Agreement or under any other agreement between Borrower and Bank; 

  
 -15-

 (c) for any Letters of Credit, demand that Borrower (i) deposit cash with Bank in an
amount equal to 105% (110% for such Letters of Credit denominated in a currency other than Dollars)of the Dollar Equivalent of the aggregate face amount of all Letters of Credit remaining undrawn plus all interest, fees, and costs due or to become
due in connection therewith (as estimated by Bank in its good faith business judgment), to secure all of the Obligations relating to such Letters of Credit, as collateral security for the repayment of any future drawings under such Letters of
Credit, and Borrower shall forthwith deposit and pay such amounts, and (ii) pay in advance all Letter of Credit fees scheduled to be paid or payable over the remaining term of any Letters of Credit; provided, however, if an Event
of Default described in Section 8.5 occurs, the obligation of Borrower to cash collateralize all Letters of Credit remaining undrawn shall automatically become effective without any action by Bank; 

(d) terminate any foreign exchange forward contracts; 
 (e) settle or adjust disputes and claims directly with Account Debtors for amounts on terms and in any order that Bank considers advisable, notify any Person owing Borrower money of Bank’s security
interest in such funds, and verify the amount of such account; 
 (f) make any payments and do any acts it considers necessary
or reasonable to protect the Collateral and/or its security interest in the Collateral. Borrower shall assemble the Collateral if Bank requests and make it available as Bank designates. Bank may enter premises where the Collateral is located, take
and maintain possession of any part of the Collateral, and pay, purchase, contest, or compromise any Lien which appears to be prior or superior to its security interest and pay all expenses incurred. Borrower grants Bank a license to enter and
occupy any of its premises, without charge, to exercise any of Bank’s rights or remedies; 
 (g) apply to the Obligations
any (i) balances and deposits of Borrower it holds, or (ii) any amount held by Bank owing to or for the credit or the account of Borrower; 
 (h) ship, reclaim, recover, store, finish, maintain, repair, prepare for sale, advertise for sale, and sell the Collateral. Bank is hereby granted a non-exclusive, royalty-free license or other right to
use, without charge, Borrower’s labels, Patents, Copyrights, mask works, rights of use of any name, trade secrets, trade names, Trademarks, and advertising matter, or any similar property as it pertains to the Collateral, in completing
production of, advertising for sale, and selling any Collateral and, in connection with Bank’s exercise of its rights under this Section, Borrower’s rights under all licenses and all franchise agreements inure to Bank’s benefit;

 (i) place a “hold” on any account maintained with Bank and/or deliver a notice of exclusive control, any
entitlement order, or other directions or instructions pursuant to any Control Agreement or similar agreements providing control of any Collateral; 
 (j) demand and receive possession of Borrower’s Books; and 
 (k) exercise all
rights and remedies available to Bank under the Loan Documents or at law or equity, including all remedies provided under the Code (including disposal of the Collateral pursuant to the terms thereof). 

9.2 Power of Attorney. Borrower hereby irrevocably appoints Bank as its lawful attorney-in-fact, exercisable upon the occurrence
and during the continuance of an Event of Default, to: (a) endorse Borrower’s name on any checks or other forms of payment or security; (b) sign Borrower’s name on any invoice or bill of lading for any Account or drafts against
Account Debtors; (c) settle and adjust disputes and claims about the Accounts directly with Account Debtors, for amounts and on terms Bank determines reasonable; (d) make, settle, and adjust all claims under Borrower’s insurance
policies; (e) pay, contest or settle any Lien, charge, encumbrance, security interest, and adverse claim in or to the Collateral, or any judgment based thereon, or otherwise take any action to terminate or discharge the same; and
(f) transfer the Collateral into the name of Bank or a third party as the Code permits. Borrower hereby appoints Bank as its lawful attorney-in-fact to sign Borrower’s name on any documents necessary to perfect or continue the perfection
of Bank’s security interest in the Collateral regardless of whether an Event of Default has occurred until all Obligations have been satisfied in full and Bank is under no further obligation to make Credit Extensions hereunder. Bank’s
foregoing appointment as Borrower’s attorney in fact, and all of Bank’s rights and powers, being coupled with an interest, are irrevocable until all Obligations have been fully repaid and performed and Bank’s obligation to provide
Credit Extensions terminates. 

  
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 9.3 Protective Payments. If Borrower fails to obtain the insurance called for by
Section 6.7 or fails to pay any premium thereon or fails to pay any other amount which Borrower is obligated to pay under this Agreement or any other Loan Document, Bank may obtain such insurance or make such payment, and all amounts so paid by
Bank are Bank Expenses and immediately due and payable, bearing interest at the then highest rate applicable to the Obligations, and secured by the Collateral. Bank will make reasonable efforts to provide Borrower with notice of Bank obtaining such
insurance at the time it is obtained or within a reasonable time thereafter. No payments by Bank are deemed an agreement to make similar payments in the future or Bank’s waiver of any Event of Default. 

9.4 Application of Payments and Proceeds. If an Event of Default has occurred and is continuing, Bank may apply any funds in its
possession, whether from Borrower account balances, payments, proceeds realized as the result of any collection of Accounts or other disposition of the Collateral, or otherwise, to the Obligations in such order as Bank shall determine in its sole
discretion. Any surplus shall be paid to Borrower or to other Persons legally entitled thereto; Borrower shall remain liable to Bank for any deficiency. If Bank, in its good faith business judgment, directly or indirectly enters into a deferred
payment or other credit transaction with any purchaser at any sale of Collateral, Bank shall have the option, exercisable at any time, of either reducing the Obligations by the principal amount of the purchase price or deferring the reduction of the
Obligations until the actual receipt by Bank of cash therefor. 
 9.5 Bank’s Liability for Collateral. So long as
Bank complies with reasonable banking practices regarding the safekeeping of the Collateral in the possession or under the control of Bank, Bank shall not be liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or
damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other Person. Borrower bears all risk of loss, damage or destruction of the Collateral.

 9.6 No Waiver; Remedies Cumulative. Bank’s failure, at any time or times, to require strict performance by
Borrower of any provision of this Agreement or any other Loan Document shall not waive, affect, or diminish any right of Bank thereafter to demand strict performance and compliance herewith or therewith. No waiver hereunder shall be effective unless
signed by the party granting the waiver and then is only effective for the specific instance and purpose for which it is given. Bank’s rights and remedies under this Agreement and the other Loan Documents are cumulative. Bank has all rights and
remedies provided under the Code, by law, or in equity. Bank’s exercise of one right or remedy is not an election and shall not preclude Bank from exercising any other remedy under this Agreement or other remedy available at law or in equity,
and Bank’s waiver of any Event of Default is not a continuing waiver. Bank’s delay in exercising any remedy is not a waiver, election, or acquiescence. 
 9.7 Demand Waiver. Borrower waives demand, notice of default or dishonor, notice of payment and nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement,
extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by Bank on which Borrower is liable. 
 9.8 Borrower Liability. Each Borrower may, acting singly, request Credit Extensions hereunder. Each Borrower hereby appoints the other as agent for the other for all purposes hereunder, including
with respect to requesting Credit Extensions hereunder. Each Borrower hereunder shall be jointly and severally obligated to repay all Credit Extensions made hereunder, regardless of which Borrower actually receives said Credit Extension, as if each
Borrower hereunder directly received all Credit Extensions. Each Borrower waives (a) any suretyship defenses available to it under the Code or any other applicable law, and (b) any right to require Bank to: (i) proceed against any
Borrower or any other person; (ii) proceed against or exhaust any security; or (iii) pursue any other remedy. Bank may exercise or not exercise any right or remedy it has against any Borrower or any security it holds (including the right
to foreclose by judicial or non-judicial sale) without affecting any Borrower’s liability. Notwithstanding any other provision of this Agreement or other related document, each Borrower irrevocably waives all rights that it may have at law or
in equity (including, without limitation, any law subrogating Borrower to the rights of Bank under this Agreement) to seek contribution, indemnification or any other form of reimbursement from any other Borrower, or any other Person now or hereafter
primarily or secondarily liable for any of the Obligations, for any payment made by Borrower with respect to the Obligations in connection with this Agreement or otherwise and all rights that it might have to benefit from, or to participate in, any
security for the Obligations as a result of any payment made by Borrower with respect to the Obligations in connection with this Agreement or otherwise. Any agreement providing for indemnification, reimbursement or any other arrangement prohibited
under this Section shall be null and void. If any payment is made to a Borrower in contravention of this Section, such Borrower shall hold such payment in trust for Bank and such payment shall be promptly delivered to Bank for application to the
Obligations, whether matured or unmatured. 

  
 -17-

 10 NOTICES 

All notices, consents, requests, approvals, demands, or other communication (collectively, “Communication”), other than
Advance requests made pursuant to Section 3.4, by any party to this Agreement or any other Loan Document must be in writing and be delivered or sent by facsimile at the addresses or facsimile numbers listed below. Bank or Borrower may change
its notice address by giving the other party written notice thereof. Each such Communication shall be deemed to have been validly served, given, or delivered: (a) upon the earlier of actual receipt and three (3) Business Days after deposit
in the U.S. mail, registered or certified mail, return receipt requested, with proper postage prepaid; (b) upon transmission, when sent by facsimile transmission (with such facsimile promptly confirmed by delivery of a copy by personal delivery
or United States mail as otherwise provided in this Section 10); (c) one (1) Business Day after deposit with a reputable overnight courier with all charges prepaid; or (d) when delivered, if hand-delivered by messenger, all of
which shall be addressed to the party to be notified and sent to the address or facsimile number indicated below. Advance requests made pursuant to Section 3.4 must be in writing and may be in the form of electronic mail, delivered to Bank by
Borrower at the e-mail address of Bank provided below and shall be deemed to have been validly served, given, or delivered when sent (with such electronic mail promptly confirmed by delivery of a copy by personal delivery or United States mail as
otherwise provided in this Section 10). Bank or Borrower may change its address, facsimile number, or electronic mail address by giving the other party written notice thereof in accordance with the terms of this Section 10. 

 

			
	If to Borrower:	  	Real Goods Energy Tech, Inc.
		  	833 West South Boulder Road
		  	Louisville, CO 80027
		  	Attention: Erik Zech
		  	E-mail: erik.zech@realgoods.com
		
	If to Bank:	  	Silicon Valley Bank
		  	2400 Hanover Street
		  	Palo Alto, CA 94304
		  	Attn: Ms. Elisa Sun
		  	Fax: (650) 856-7879
		  	Email: esun@svb.com
		
	with a copy to:	  	Riemer & Braunstein LLP
		  	Three Center Plaza
		  	Boston, Massachusetts 02108
		  	Attn: Charles W. Stavros, Esquire
		  	Fax: (617) 880-3456
		  	Email: cstavros@riemerlaw.com

 11 CHOICE OF LAW, VENUE, JURY TRIAL WAIVER 

New York law governs the Loan Documents without regard to principles of conflicts of law. Borrower and Bank each submit to the exclusive
jurisdiction of the State and Federal courts in New York; provided, however, that nothing in this Agreement shall be deemed to operate to preclude Bank from bringing suit or taking other legal action in any other jurisdiction to realize on the
Collateral or any other security for the Obligations, or to enforce a judgment or other court order in favor of Bank. Borrower expressly submits and consents in advance to such jurisdiction in any action or suit commenced in any such court, and
Borrower hereby waives any objection that it may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and hereby consents to the granting of such legal or equitable relief as is deemed appropriate by such court.
Borrower hereby waives personal service of the summons, complaints, and other process issued in such action or suit and agrees that service of such summons, complaints, and other process may be made by registered or certified mail addressed to
Borrower at the address set forth in Section 10 of this Agreement and that service so made shall be deemed completed upon the earlier to occur of Borrower’s actual receipt thereof or three (3) days after deposit in the U.S. mails,
proper postage prepaid. NOTWITHSTANDING ANYTHING TO THE CONTRARY SET FORTH HEREINABOVE, BANK SHALL SPECIFICALLY HAVE THE RIGHT TO BRING ANY ACTION OR PROCEEDING AGAINST 

  
 -18-

 
BORROWER OR ITS PROPERTY IN THE COURTS OF ANY OTHER JURISDICTION WHICH BANK DEEMS NECESSARY OR APPROPRIATE IN ORDER TO REALIZE ON THE COLLATERAL OR TO OTHERWISE ENFORCE BANK’S RIGHTS AGAINST
BORROWER OR ITS PROPERTY. 
 TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, BORROWER AND BANK EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF
ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO
ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 
 12 GENERAL PROVISIONS

 12.1 Termination Prior to Maturity Date. This Agreement may be terminated prior to the Revolving Line Maturity
Date by Borrower, effective three (3) Business Days after written notice of termination is given to Bank or if Bank’s obligation to fund Credit Extensions terminates pursuant to the terms of Section 2.1.1(b). Notwithstanding any such
termination, Bank’s lien and security interest in the Collateral shall continue until Borrower fully satisfies its Obligations. Upon payment in full of the Obligations and at such time as Bank’s obligation to make Credit Extensions has
terminated, Bank shall release its liens and security interests in the Collateral and all rights therein shall revert to Borrower. 
 12.2 Successors and Assigns. This Agreement binds and is for the benefit of the successors and permitted assigns of each party. Borrower may not assign this Agreement or any rights or obligations
under it without Bank’s prior written consent (which may be granted or withheld in Bank’s discretion). Bank has the right, without the consent of or notice to Borrower, to sell, transfer, assign, negotiate, or grant participation in all or
any part of, or any interest in, Bank’s obligations, rights, and benefits under this Agreement and the other Loan Documents. 
 12.3 Indemnification. Borrower agrees to indemnify, defend and hold Bank and its directors, officers, employees, agents, attorneys, or any other Person affiliated with or representing Bank (each,
an “Indemnified Person”) harmless against: (a) all obligations, demands, claims, and liabilities (collectively, “Claims”) claimed or asserted by any other party in connection with the transactions contemplated
by the Loan Documents; and (b) all losses or expenses (including Bank Expenses) in any way suffered, incurred, or paid by such Indemnified Person as a result of, following from, consequential to, or arising from transactions between Bank and
Borrower contemplated by the Loan Documents (including reasonable attorneys’ fees and expenses), except for Claims and/or losses directly caused by such Indemnified Person’s gross negligence or willful misconduct. 

12.4 Time of Essence. Time is of the essence for the performance of all Obligations in this Agreement. 

12.5 Correction of Loan Documents. Bank may correct patent errors and fill in any blanks in the Loan Documents consistent with the
agreement of the parties. 
 12.6 Severability of Provisions. Each provision of this Agreement is severable from every
other provision in determining the enforceability of any provision. 
 12.7 Amendments in Writing; Waiver; Integration.
No purported amendment or modification of any Loan Document, or waiver, discharge or termination of any obligation under any Loan Document, shall be enforceable or admissible unless, and only to the extent, expressly set forth in a writing signed by
the party against which enforcement or admission is sought. Without limiting the generality of the foregoing, no oral promise or statement, nor any action, inaction, delay, failure to require performance or course of conduct shall operate as, or
evidence, an amendment, supplement or waiver or have any other effect on any Loan Document. Any waiver granted shall be limited to the specific circumstance expressly described in it, and shall not apply to any subsequent or other circumstance,
whether similar or dissimilar, or give rise to, or evidence, any obligation or commitment to grant any further waiver. The Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements. All
prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of the Loan Documents merge into the Loan Documents. 

  
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 12.8 Counterparts. This Agreement may be executed in any number of counterparts and
by different parties on separate counterparts, each of which, when executed and delivered, is an original, and all taken together, constitute one Agreement. 
 12.9 Survival. All covenants, representations and warranties made in this Agreement continue in full force until this Agreement has terminated pursuant to its terms and all Obligations (other than
inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) have been paid in full and satisfied. Without limiting the foregoing, except as otherwise provided in Section 4.1,
the grant of security interest by Borrower in Section 4.1 shall survive until the termination of all Bank Services Agreements. The obligation of Borrower in Section 12.3 to indemnify Bank shall survive until the statute of limitations with
respect to such claim or cause of action shall have run. 
 12.10 Confidentiality. In handling any confidential
information, Bank shall exercise the same degree of care that it exercises for its own proprietary information, but disclosure of information may be made: (a) to Bank’s Subsidiaries or Affiliates (such Subsidiaries and Affiliates, together
with Bank, collectively, “Bank Entities”); (b) to prospective transferees or purchasers of any interest in the Credit Extensions (provided, however, Bank shall commercially reasonable efforts to obtain any prospective
transferee’s or purchaser’s agreement to the terms of this provision); (c) as required by law, regulation, subpoena, or other order; (d) to Bank’s regulators or as otherwise required in connection with Bank’s
examination or audit; (e) as Bank considers appropriate in exercising remedies under the Loan Documents; and (f) to third-party service providers of Bank so long as such service providers have executed a confidentiality agreement with Bank
with terms no less restrictive than those contained herein. Confidential information does not include information that is either: (i) in the public domain or in Bank’s possession when disclosed to Bank, or becomes part of the public
domain after disclosure to Bank; or (ii) disclosed to Bank by a third party if Bank does not know that the third party is prohibited from disclosing the information. 
 Bank Entities may use the confidential information for reporting purposes and the development and distribution of databases and market analyses so long as such confidential information is aggregated and
anonymized prior to distribution, unless otherwise expressly permitted by Borrower. The provisions of the immediately preceding sentence shall survive the termination of this Agreement. 

12.11 Attorneys’ Fees, Costs and Expenses. In any action or proceeding between Borrower and Bank arising out of or relating
to the Loan Documents, Bank shall be entitled to recover its reasonable attorneys’ fees and other costs and expenses incurred, in addition to any other relief to which it may be entitled. 

12.12 Right of Set Off. Borrower hereby grants to Bank, a lien, security interest and right of set off as security for all
Obligations to Bank, whether now existing or hereafter arising upon and against all deposits, credits, collateral and property, now or hereafter in the possession, custody, safekeeping or control of Bank or any entity under the control of Bank
(including a Bank subsidiary) or in transit to any of them. At any time after the occurrence and during the continuance of an Event of Default, without demand or notice, Bank may set off the same or any part thereof and apply the same to any
liability or obligation of Borrower even though unmatured and regardless of the adequacy of any other collateral securing the Obligations. ANY AND ALL RIGHTS TO REQUIRE BANK TO EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL
WHICH SECURES THE OBLIGATIONS, PRIOR TO EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF BORROWER ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED. 

12.13 Electronic Execution of Documents. The words “execution,” “signed,” “signature” and words of
like import in any Loan Document shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity and enforceability as a manually executed signature or the use
of a paper-based recordkeeping systems, as the case may be, to the extent and as provided for in any applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act. 

12.14 Captions. The headings used in this Agreement are for convenience only and shall not affect the interpretation of this
Agreement. 
 12.15 Construction of Agreement. The parties mutually acknowledge that they and their attorneys have
participated in the preparation and negotiation of this Agreement. In cases of uncertainty this Agreement shall be construed without regard to which of the parties caused the uncertainty to exist. 

  
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 12.16 Relationship. The relationship of the parties to this Agreement is determined
solely by the provisions of this Agreement. The parties do not intend to create any agency, partnership, joint venture, trust, fiduciary or other relationship with duties or incidents different from those of parties to an arm’s-length contract.

 12.17 Third Parties. Nothing in this Agreement, whether express or implied, is intended to: (a) confer any
benefits, rights or remedies under or by reason of this Agreement on any Persons other than the express parties to it and their respective permitted successors and assigns; (b) relieve or discharge the obligation or liability of any Person not
an express party to this Agreement; or (c) give any Person not an express party to this Agreement any right of subrogation or action against any party to this Agreement. 
 12.18 No Novation. Borrower and Bank hereby agree that, effective upon the execution and delivery of this Agreement by each such party, the terms and provisions of the Prior Loan Agreement) shall
be and hereby are superseded in their entirety by the terms and provisions of this Agreement. Nothing herein contained shall be construed as a substitution or novation of the obligations of Borrower outstanding under the Prior Loan Agreement or
instruments securing the same, which obligations shall remain in full force and effect, except to the extent that the terms thereof are modified hereby or by instruments executed concurrently herewith. Nothing expressed or implied in this Agreement
shall be construed as a release or other discharge of any Borrower from any of the Obligations or any liabilities under the Prior Loan Agreement or any of the security agreements, pledge agreements, mortgages, guaranties or other Loan Documents
executed in connection therewith. Each Borrower hereby (i) confirms and agrees that each Loan Document to which it is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects except
that on and after the Effective Date all references in any such Loan Document to the “Loan and Security Agreement”, the “Loan Agreement” the “Agreement”, “thereto”, “thereof”, “thereunder”
or words of like import referring to the Prior Loan Agreement shall mean the Prior Loan Agreement as superseded by this Agreement; and (ii) confirms and agrees that to the extent that the Prior Loan Agreement or any Loan Document executed in
connection therewith purports to assign or pledge to the Bank, or to grant to the Bank a security interest in or lien on, any collateral as security for the Obligations of Borrower or any guarantor from time to time existing in respect of the Prior
Loan Agreement, such pledge, assignment or grant of the security interest or lien is hereby ratified and confirmed in all respects and shall remain effective as of the first date it became effective.  

13 DEFINITIONS 
 13.1 Definitions. As used in the Loan Documents, the word “shall” is mandatory, the word “may” is permissive, the word “or” is not exclusive, the words
“includes” and “including” are not limiting and the singular includes the plural. As used in this Agreement, the following capitalized terms have the following meanings: 

“Account” is any “account” as defined in the Code with such additions to such term as may hereafter be made,
and includes, without limitation, all accounts receivable and other sums owing to Borrower. 
 “Account Debtor”
is any “account debtor” as defined in the Code with such additions to such term as may hereafter be made. 

“Advance” or “Advances” means an advance (or advances) under the Revolving Line. 

“Affiliate” is, with respect to any Person, each other Person that owns or controls directly or indirectly the Person,
any Person that controls or is controlled by or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners and, for any Person that is a limited liability company, that Person’s
managers and members. 
 “Agreement” is defined in the preamble hereof. 

“Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the
Borrowing Base minus (b) the Dollar Equivalent amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) plus an amount equal to the Letter of Credit Reserve, minus (c) the outstanding principal
balance of any Advances. 
 “Bank” is defined in the preamble hereof. 

  
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 “Bank Expenses” are all audit fees and expenses, costs, and expenses
(including reasonable attorneys’ fees and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency
Proceedings) or otherwise incurred with respect to Borrower or any Guarantor. 
 “Bank Services” are any
products, credit services, and/or financial accommodations previously, now, or hereafter provided to Borrower or any of its Subsidiaries by Bank or any Bank Affiliate, including, without limitation, any letters of credit, cash management services
(including, without limitation, merchant services, direct deposit of payroll, business credit cards, and check cashing services), interest rate swap arrangements, and foreign exchange services as any such products or services may be identified in
Bank’s various agreements related thereto (each, a “Bank Services Agreement”). 

“Borrower” is defined in the preamble hereof. 
 “Borrower’s Books” are all Borrower’s books and records including ledgers, federal and state tax returns, records regarding Borrower’s assets or liabilities, the
Collateral, business operations or financial condition, and all computer programs or storage or any equipment containing such information. 
 “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. 

“Borrowing Base Certificate” is that certain certificate included within each Transaction Report. 

“Borrowing Resolutions” are, with respect to any Person, those resolutions adopted by such Person’s board of
directors or other appropriate body and delivered by such Person to Bank approving the Loan Documents to which such Person is a party and the transactions contemplated thereby, together with a certificate executed by its secretary on behalf of such
Person certifying that (a) such Person has the authority to execute, deliver, and perform its obligations under each of the Loan Documents to which it is a party, (b) that attached as Exhibit A to such certificate is a true, correct, and
complete copy of the resolutions then in full force and effect authorizing and ratifying the execution, delivery, and performance by such Person of the Loan Documents to which it is a party, (c) the name(s) of the Person(s) authorized to
execute the Loan Documents on behalf of such Person, together with a sample of the true signature(s) of such Person(s), and (d) that Bank may conclusively rely on such certificate unless and until such Person shall have delivered to Bank a
further certificate canceling or amending such prior certificate. 
 “Business Day” is any day that is not a
Saturday, Sunday or a day on which Bank is closed. 
 “Cash Equivalents” means (a) marketable direct
obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than one (1) year from the date of acquisition; (b) commercial paper maturing no more than one
(1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Moody’s Investors Service, Inc., (c) Bank’s certificates of deposit issued maturing no more than one
(1) year after issue; and (d) money market funds at least ninety-five percent (95%) of the assets of which constitute Cash Equivalents of the kinds described in clauses (a) through (c) of this definition. 

“Code” is the Uniform Commercial Code, as the same may, from time to time, be enacted and in effect in the State of New
York; provided that, to the extent that the Code is used to define any term herein or in any Loan Document and such term is defined differently in different Articles or Divisions of the Code, the definition of such term contained in
Article or Division 9 shall govern; provided further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, or priority of, or remedies with respect to, Bank’s Lien on any
Collateral is governed by the Uniform Commercial Code in effect in a jurisdiction other than the State of New York, the term “Code” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely
for purposes of the provisions thereof relating to such attachment, perfection, priority, or remedies and for purposes of definitions relating to such provisions. 
 “Collateral” is any and all properties, rights and assets of Borrower described on Exhibit A. 

  
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 “Collateral Account” is any Deposit Account, Securities Account, or
Commodity Account. 
 “Commodity Account” is any “commodity account” as defined in the Code with such
additions to such term as may hereafter be made. 
 “Communication” is defined in Section 10. 

“Compliance Certificate” is that certain certificate in the form attached hereto as Exhibit B. 

“Contingent Obligation” is, for any Person, any direct or indirect liability, contingent or not, of that Person for
(a) any indebtedness, lease, dividend, letter of credit or other obligation of another such as an obligation, in each case directly or indirectly guaranteed, endorsed, co made, discounted or sold with recourse by that Person, or for which that
Person is directly or indirectly liable; (b) any obligations for undrawn letters of credit for the account of that Person; and (c) all obligations from any interest rate, currency or commodity swap agreement, interest rate cap or collar
agreement, or other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices; but “Contingent Obligation” does not include endorsements in the ordinary
course of business. The amount of a Contingent Obligation is the stated or determined amount of the primary obligation for which the Contingent Obligation is made or, if not determinable, the maximum reasonably anticipated liability for it
determined by the Person in good faith; but the amount may not exceed the maximum of the obligations under any guarantee or other support arrangement. 
 “Control Agreement” is any control agreement entered into among the depository institution at which Borrower maintains a Deposit Account or the securities intermediary or commodity
intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account.

 “Copyrights” are any and all copyright rights, copyright applications, copyright registrations and like
protections in each work or authorship and derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret. 
 “Credit Extension” is any Advance, Letter of Credit, foreign exchange forward contracts, amount utilized for cash management services, or any other extension of credit by Bank for
Borrower’s benefit under this Agreement 
 “Default” means any event which with notice or passage of time
or both, would constitute an Event of Default. 
 “Default Rate” is defined in Section 2.3(b). 

“Deferred Revenue” is all amounts received or invoiced in advance of performance under contracts and not yet recognized
as revenue. 
 “Deposit Account” is any “deposit account” as defined in the Code with such additions
to such term as may hereafter be made. 
 “Designated Deposit Account” is Borrower’s deposit account,
account number             , maintained with Bank. 

“Domestic Subsidiary” is any Subsidiary organized under the laws of the United States or any state or territory thereof
or the District of Columbia. 
 “Dollars,” “dollars” or use of the sign “$” means
only lawful money of the United States and not any other currency, regardless of whether that currency uses the “$” sign to denote its currency or may be readily converted into lawful money of the United States. 

“Dollar Equivalent” is, at any time, (a) with respect to any amount denominated in Dollars, such amount, and
(b) with respect to any amount denominated in a Foreign Currency, the equivalent amount therefor in Dollars as determined by Bank at such time on the basis of the then-prevailing rate of exchange in San Francisco, California, for sales of the
Foreign Currency for transfer to the country issuing such Foreign Currency. 

  
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 “Effective Date” is defined in the preamble hereof. 

“Eligible Accounts” are Accounts which arise in the ordinary course of Borrower’s business that meet all
Borrower’s representations and warranties in Section 5.3. Bank reserves the right at any time and from time to time after the Effective Date after consultation with the Borrower and upon two (2) Business Days’ notice to Borrower,
to adjust any of the criteria set forth below and to establish new criteria in its good faith business judgment. Without limiting the fact that the determination of which Accounts are eligible for borrowing is a matter of Bank’s good faith
judgment, the following (“Minimum Eligibility Requirements”) are the minimum requirements for an Account to be an Eligible Account. Unless Bank agrees otherwise in writing, Eligible Accounts shall not include: 

(a) Accounts for which the Account Debtor is Borrower’s Affiliate, officer, employee, or agent; 

(b) Accounts that the Account Debtor has not paid within ninety (90) days of invoice date (one hundred twenty (120) days for
rebate accounts of the Real Goods Borrowers, as approved by Bank, on a case-by-case basis), regardless of invoice payment period terms; 
 (c) Accounts with credit balances over ninety (90) days (one hundred twenty (120) days for rebate accounts of the Real Goods Borrowers, as approved by Bank, on a case-by-case basis), from
invoice date; 
 (d) Accounts owing from an Account Debtor, in which fifty percent (50%) or more of the Accounts have not
been paid within ninety (90) days (one hundred twenty (120) days for rebate accounts of the Real Goods Borrowers, as approved by Bank, on a case-by-case basis), of invoice date; 

(e) Accounts owing from an Account Debtor which does not have its principal place of business in the United States unless such Accounts
are otherwise Eligible Accounts and the Bank approves of in writing; 
 (f) Accounts owing from an Account debtor in which
Bank does not have a first priority, perfected security interest or other enforceable Lien; 
 (g) Accounts billed and/or
payable outside of the United States (sometimes called foreign invoiced accounts); 
 (h) Accounts owing from an Account Debtor
to the extent that Borrower is indebted or obligated in any manner to the Account Debtor (as creditor, lessor, supplier or otherwise—sometimes called “contra” accounts, accounts payable, customer deposits or credit accounts);

 (i) Accounts owing from an Account Debtor which is a United States government entity or any department, agency, or
instrumentality thereof unless Borrower has assigned its payment rights to Bank and the assignment has been acknowledged under the Federal Assignment of Claims Act of 1940, as amended; 

(j) Accounts for demonstration or promotional equipment, or in which goods are consigned, or sold on a “sale guaranteed”,
“sale or return”, “sale on approval”, or other terms if Account Debtor’s payment may be conditional; 

(k) Accounts owing from an Account Debtor where goods or services have not yet been rendered to the Account Debtor (sometimes called memo
billings or pre-billings); 
 (l) Accounts owing from an Account Debtor the amount of which may be subject to withholding based
on the Account Debtor’s satisfaction of Borrower’s complete performance (but only to the extent of the amount withheld; sometimes called retainage billings); 
 (m) Accounts subject to trust provisions, subrogation rights of a bonding company, or a statutory trust; 
 (n) Accounts owing from an Account Debtor that has been invoiced for goods that have not been shipped to the Account Debtor unless Bank, Borrower, and the Account Debtor have entered into an agreement

  
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acceptable to Bank in its sole discretion wherein the Account Debtor acknowledges that (i) it has title to and has ownership of the goods wherever located, (ii) a bona fide sale of the
goods has occurred, and (iii) it owes payment for such goods in accordance with invoices from Borrower (sometimes called “bill and hold” accounts); 
 (o) Accounts for which the Account Debtor has not been invoiced; provided that, Accounts for which Account Debtors have entered into contractual arrangements providing for payments
thereunder but are not invoiced in the Borrower’s ordinary course of business shall not be excluded under this subsection; 

(p) Accounts that represent non-trade receivables or that are derived by means other than in the ordinary course of Borrower’s
business; 
 (q) Accounts for which Borrower has permitted Account Debtor’s payment to extend beyond ninety (90) days
(one hundred twenty (120) days for rebate accounts of the Real Goods Borrowers, as approved by Bank, on a case-by-case basis); 
 (r) Accounts arising from chargebacks, debit memos or other payment deductions taken by an Account Debtor; 
 (s) Accounts arising from product returns and/or exchanges (sometimes called “warranty” or “RMA” accounts); 
 (t) Accounts in which the Account Debtor disputes liability or makes any claim (but only up to the disputed or claimed amount), or if the Account Debtor is subject to an Insolvency Proceeding, or becomes
insolvent, or goes out of business; 
 (u) Accounts owing from an Account Debtor with respect to which Borrower has received
Deferred Revenue (but only to the extent of such Deferred Revenue); provided that, Accounts that are otherwise Eligible Accounts that contain Deferred Revenue related to milestone billings or percentage of completion based contracts shall not be
excluded herefrom; 
 (v) Accounts owing from an Account Debtor, whose total obligations to Borrower exceed thirty-five percent
(35%) of all Accounts, for the amounts that exceed that percentage, unless Bank approves in writing; 
 (w) Accounts for
which Bank in its good faith business judgment determines collection to be doubtful, including, without limitation, accounts represented by “refreshed” or “recycled” invoices; and 

(x) other Accounts Bank deems ineligible in the exercise of its good faith business judgment. 

“Equipment” is all “equipment” as defined in the Code with such additions to such term as may hereafter
be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing. 
 “ERISA” is the Employee Retirement Income Security Act of 1974, and its regulations. 
 “Event of Default” is defined in Section 8. 

“Finco” means Alteris Project Finance Company LLC, a Delaware limited liability company and a direct Subsidiary of EFEG
Holdings. 
 “Foreign Currency” means lawful money of a country other than the United States. 

“Foreign Subsidiary” is any Subsidiary which is not a Domestic Subsidiary. 

“Funding Date” is any date on which a Credit Extension is made to or for the account of Borrower which shall be a
Business Day. 
 “GAAP” is generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and 

  
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pronouncements of the Financial Accounting Standards Board or in such other statements by such other Person as may be approved by a significant segment of the accounting profession, which are
applicable to the circumstances as of the date of determination. 
 “General Intangibles” is all “general
intangibles” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation, all Intellectual Property, claims, income and other tax refunds, security and other
deposits, payment intangibles, contract rights, options to purchase or sell real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation
key man, property damage, and business interruption insurance), payments of insurance and rights to payment of any kind. 

“Governmental Approval” is any consent, authorization, approval, order, license, franchise, permit, certificate,
accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 
 “Governmental Authority” is any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank or
other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any self-regulatory organization. 

“Guarantor” is any present or future guarantor of the Obligations, including without limitation, the Secured Guarantor.

 “Guaranty” is any present or future agreement pursuant to which any Guarantor agrees to guaranty the
Obligations of Borrower to Bank, including without limitation, that certain Unconditional Guaranty dated the date hereof by Secured Guarantor in favor of Bank. 
 “Indebtedness” is (a) indebtedness for borrowed money or the deferred price of property or services, such as reimbursement and other obligations for surety bonds and letters of
credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease obligations, and (d) Contingent Obligations. 
 “Indemnified Person” is defined in Section 12.3. 

“Initial Audit” is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books with
results satisfactory to Bank in its sole and absolute discretion. 
 “Insolvency Proceeding” is any proceeding
by or against any Person under the United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking
reorganization, arrangement, or other relief. 
 “Intellectual Property” means all of Borrower’ and
Guarantor’s right, title, and interest in and to the following: 
 (a) its Copyrights, Trademarks and Patents; 

(b) any and all trade secrets and trade secret rights, including, without limitation, any rights to unpatented inventions, know-how,
operating manuals; 
 (c) any and all source code; 
 (d) any and all design rights which may be available to a Borrower; 
 (e) any and
all claims for damages by way of past, present and future infringement of any of the foregoing, with the right, but not the obligation, to sue for and collect such damages for said use or infringement of the Intellectual Property rights identified
above; and 

  
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 (f) all amendments, renewals and extensions of any of the Copyrights, Trademarks or Patents.

 “IRS” means the Internal Revenue Service of the United States of America. 

“IRS Tax Lien” means that certain Notice of Federal Tax Lien, file number 20102071697, dated as of November 9, 2010
and filed with the Office of the Secretary of State for the State of Colorado, in an amount stated thereon equal to $674,790.24. 
 “Inventory” is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all
merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and
including any returned goods and any documents of title representing any of the above. 
 “Investment” is any
beneficial ownership interest in any Person (including stock, partnership interest or other securities), and any loan, advance or capital contribution to any Person. 
 “Key Transaction Documents” that certain Master Lease Agreement, executed on or about July 21, 2011, and each other loan document executed in connection therewith, by and among,
among others, Finco, various Subsidiaries of Finco, and Key Finance. 
 “Letter of Credit” is a standby or
commercial letter of credit issued by Bank upon request of Borrower based upon an application, guarantee, indemnity or similar agreement on the part of Bank as set forth in Section 2.1.2. 

“Letter of Credit Application” is defined in Section 2.1.2(b). 

“Letter of Credit Reserve” has the meaning set forth in Section 2.1.2(e). 

“Lien” is a claim, mortgage, deed of trust, levy, charge, pledge, security interest or other encumbrance of any kind,
whether voluntarily incurred or arising by operation of law or otherwise against any property. 
 “Loan
Documents” are, collectively, this Agreement, the Guaranty, the Security Agreement, the Perfection Certificate, the Subordination Agreement, any Bank Services Agreement, any subordination agreement, any note, or notes or guaranties executed
by Borrower or any Guarantor, and any other present or future agreement between Borrower and any Guarantor and/or for the benefit of Bank, all as amended, restated, or otherwise modified. 

“Material Adverse Change” is (a) a material impairment in the perfection or priority of Bank’s Lien in the
Collateral or in the value of such Collateral; (b) a material adverse change in the business, operations, or condition (financial or otherwise) of Borrower; (c) a material impairment of the prospect of repayment of any portion of the
Obligations or (d) Bank determines, based upon information available to it and in its reasonable judgment, that there is a reasonable likelihood that Borrower shall fail to comply with one or more of the financial covenants in Section 6
during the next succeeding financial reporting period. 
 “Minimum Eligibility Requirements” is defined in the
defined term “Eligible Accounts”. 
 “Obligations” are Borrower’s obligation to pay when due any
debts, principal, interest, Bank Expenses and other amounts Borrower owes Bank now or later, whether under this Agreement, the Loan Documents or otherwise, including, without limitation, all obligations relating to letters of credit (including
reimbursement obligations for drawn and undrawn letters of credit), cash management services, and foreign exchange contracts, if any, and including interest accruing after Insolvency Proceedings begin and debts, liabilities, or obligations of
Borrower assigned to Bank, and to perform Borrower’s duties under the Loan Documents. 
 “Operating
Documents” are, for any Person, such Person’s formation documents, as certified with the Secretary of State of such Person’s state of formation on a date that is no earlier than 30 days prior to the Effective Date, and,
(a) if such Person is a corporation, its bylaws in current form, (b) if such Person is a limited 

  
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liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or similar agreement), each of the
foregoing with all current amendments or modifications thereto. 
 “Patents” means all patents, patent
applications and like protections including without limitation improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same. 
 “Payment” means all checks, wire transfers and other items of payment received by Bank (including proceeds of Accounts and payment of all the Obligations in full) for credit to
Borrower’s outstanding Credit Extensions or, if the balance of the Credit Extensions has been reduced to zero, for credit to its Deposit Accounts. 
 “Perfection Certificate” is defined in Section 5.1. 

“Permitted Indebtedness” is: 
 (a) Borrower’s Indebtedness to Bank under this Agreement and the other Loan Documents; 
 (b) Indebtedness existing on the Effective Date and shown on the Perfection Certificate; 
 (c) Subordinated Debt; 
 (d) unsecured Indebtedness to trade creditors and with
respect to surety bonds and similar obligations incurred in the ordinary course of business; 
 (e) capital lease obligations in
an aggregate amount not to exceed Five Hundred Thousand Dollars ($500,000); and 
 (f) extensions, refinancings, modifications,
amendments and restatements of any items of Permitted Indebtedness (a) through (e) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or
its Subsidiary, as the case may be. 
 “Permitted Investments” are: 

(a) Investments shown on the Perfection Certificate and existing on the Effective Date; 

(b) Cash Equivalents, 
 (c) Investments consisting of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of Borrower’s business; 

(d) Investments consisting of deposit accounts in which Bank has a perfected security interest; 

(e) Investments (i) by Borrower in Subsidiaries not to exceed Fifty Thousand Dollars ($50,000) in the aggregate in any fiscal year
and (ii) by Subsidiaries in other Subsidiaries not to exceed Fifty Thousand Dollars ($50,000) in the aggregate in any fiscal year or in Borrower; 
 (f) Investments consisting of (i) travel advances and employee relocation loans and other employee loans and advances in the ordinary course of business, and (ii) loans to employees, officers or
directors relating to the purchase of equity securities of Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements approved by Borrower’s board of directors; 

(g) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and
in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business; and 
 (h) Investments of EFEG Holdings in Finco; and 

  
 -28-

 (i) Investments consisting of notes receivable of, or prepaid royalties and other credit
extensions, to customers and suppliers who are not Affiliates, in the ordinary course of business; provided that this paragraph (h) shall not apply to Investments of Borrower in any Subsidiary. 

“Permitted Liens” are: 
 (a) Liens existing on the Effective Date and shown on the Perfection Certificate or arising under this Agreement and the other Loan Documents; 

(b) Liens for taxes, fees, assessments or other government charges or levies, either (i) not due and payable or (ii) being
contested in good faith and for which Borrower maintains adequate reserves on its Books, provided that no notice of any such Lien has been filed or recorded under the Internal Revenue Code of 1986, as amended, and the Treasury Regulations adopted
thereunder; 
 (c) purchase money Liens (i) on Equipment acquired or held by Borrower incurred for financing the
acquisition of the Equipment securing no more than Fifty Thousand Dollars ($50,000) in the aggregate amount outstanding, or (ii) existing on Equipment when acquired, if the Lien is confined to the property and improvements and the proceeds of
the Equipment; 
 (d) Liens of carriers, warehousemen, suppliers, or other Persons that are possessory in nature arising in the
ordinary course of business so long as such Liens attach only to Inventory, securing liabilities in the aggregate amount not to exceed Fifty Thousand Dollars ($50,000) and which are not delinquent or remain payable without penalty or which are being
contested in good faith and by appropriate proceedings which proceedings have the effect of preventing the forfeiture or sale of the property subject thereto; 
 (e) Liens to secure payment of workers’ compensation, employment insurance, old-age pensions, social security and other like obligations incurred in the ordinary course of business (other than Liens
imposed by ERISA); 
 (f) Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described
in (a) through (c), but any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness may not increase; 

(g) leases or subleases of real property granted in the ordinary course of business, and leases, subleases, non-exclusive licenses or
sublicenses of property (other than real property or Intellectual Property) granted in the ordinary course of Borrower’s business, if the leases, subleases, licenses and sublicenses do not prohibit granting Bank a security interest; 

(h) non-exclusive license of Intellectual Property granted to third parties in the ordinary course of business; and 

(i) Liens arising from judgments, decrees or attachments in circumstances not constituting an Event of Default under Section 8.4 or
8.7. 
 (j) Liens in favor of other financial institutions arising in connection with Borrower’s deposit and/or securities
accounts held at such institutions, provided that Bank has a perfected security interest in the amounts held in such deposit and/or securities accounts; 
 (k) Liens in favor of Finco; and 
 (l) other Liens not described above arising in
the ordinary course of business and not having or not reasonably likely to have a material adverse effect on Borrower and its Subsidiaries taken as a whole and not having any priority over the Lien in favor of Bank. 

“Person” is any individual, sole proprietorship, partnership, limited liability company, joint venture, company, trust,
unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency. 

  
 -29-

 “Prime Rate” is the greater of (i) four percent (4.00%) per annum
and (ii) Bank’s most recently announced “prime rate,” even if it is not Bank’s lowest rate. 

“Prior Lenders” are Kosmo Solar, Inc., Sunsearch LLC, Everett M Barber, Jr., Leigh Seddon, Ronald French, Timothy
Seamans, Renewalble Power Systems, LLC, Kevin Rose, Michael Stragle, James Albert and Business Development Company of Rhode Island. 
 “Prior Loan Agreement” is defined in the recitals hereto. 

“Qualified Cash” as of any date of determination, the Borrower’s unrestricted cash and unrestricted Cash
Equivalents held at Bank or at financial institutions in the United States in which Bank has perfected its security interest in such cash and Cash Equivalents with an appropriate Control Agreement, in favor of Bank, and in form and substance
acceptable to Bank, in its sole discretion. 
 “Real Goods Borrower” and “Real Goods Borrowers” means
each of Real Goods Energy and Real Goods Trading. 
 “Real Goods Energy” is defined in the preamble.

 “Real Goods Trading” is defined in the preamble. 

“Registered Organization” is any “registered organization” as defined in the Code with such additions to such
term as may hereafter be made. 
 “Requirement of Law” is as to any Person, the organizational or governing
documents of such Person, and any law (statutory or common), treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to
which such Person or any of its property is subject. 
 “Reserves” means, as of any date of determination, such
amounts as Bank may from time to time establish and revise in good faith reducing the amount of Advances, letters of credit and other financial accommodations which would otherwise be available to Borrower under the lending formulas: (a) to
reflect events, conditions, contingencies or risks which, as determined by Bank in good faith, do or may affect (i) the Collateral or any other property which is security for the Obligations or its value (including without limitation any
increase in delinquencies of Accounts), (ii) the assets or business of Borrower or any guarantor, or (iii) the security interests and other rights of Bank in the Collateral (including the enforceability, perfection and priority thereof);
or (b) to reflect Bank’s good faith belief that any collateral report or financial information furnished by or on behalf of Borrower or any guarantor to Bank is or may have been incomplete, inaccurate or misleading in any material respect;
or (c) in respect of any state of facts which Bank determines in good faith constitutes an Event of Default or may, with notice or passage of time or both, constitute an Event of Default. 

“Responsible Officer” is any of the Chief Executive Officer, President, Chief Financial Officer and Controller of
Borrower. 
 “Restricted License” is any material license or other agreement with respect to which Borrower is
the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could
interfere with the Bank’s right to sell any 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 August 31, 2012 (i.e. nine months from the Effective Date). 
 “SEC” shall mean the
Securities and Exchange Commission, any successor thereto, and any analogous Governmental Authority 
 “Secured
Guarantor” is Real Goods Solar, Inc., a Colorado corporation. 

  
 -30-

 “Security Agreement” is that certain Security Agreement date the date
hereof by and between Secured Guarantor and Bank. 
 “Securities Account” is any “securities account”
as defined in the Code with such additions to such term as may hereafter be made. 
 “Streamline
Period” is, on and after the Effective Date, 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 sixty (60) consecutive days, as determined by
Bank, in its sole discretion, prior to entering into a subsequent Streamline Period. 
 “Subordination
Agreement” the collective reference to that certain Subordination Agreement by Gaiam Energy Tech, Inc., (ii) that certain Subordination Agreement by Riverside Partners, LLC, each in favor of Bank, and each dated on or about the date
hereof; and (iii) each other subordination, intercreditor or similar agreement entered into by Bank and any creditor of Borrower. 
 “Subordinated Debt” is indebtedness incurred by Borrower subordinated to all of Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other
similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank. 
 “Subsidiary” is, as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power
(other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time
owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless the context otherwise requires, each reference to a Subsidiary herein shall be a reference to a
Subsidiary of Borrower or Guarantor. 
 “Trademarks” means any trademark and servicemark rights, whether
registered or not, applications to register and registrations of the same and like protections, and the entire goodwill of the business of Borrower connected with and symbolized by such trademarks. 

“Transaction Report” is the Bank’s standard reporting package provided by Bank to Borrower. 

“Transfer” is defined in Section 7.1. 
 “Unused Revolving Line Facility Fee” is defined in Section 2.4(d). 
 “Wells Fargo Account” is the Borrower’s account #1342508478 at Wells Fargo Bank. 
 [Signature page follows.] 

  
 -31-

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

			
	BORROWER	  	
		
	REAL GOODS ENERGY TECH, INC.	  	 REAL GOODS TRADING

CORPORATION

		
	 By: /s/ Erik Zech
 Name: Erik
Zech
 Title: Chief Financial Officer
	  	 By: /s/ Erik
Zech                                        

 Name: Erik Zech
 Title: Chief
Financial Officer

		
	 REAL GOODS ENERGY TRADING

CORPORATION
	  	 EARTH FRIENDLY ENEGERY GROUP
 HODLINGS, LLC

		
	 By: /s/ Erik
Zech                                        

 Name: Erik Zech
 Title: Chief
Financial Officer
	  	 By: /s/ Erik
Zech                                        

 Name: Erik Zech
 Title: Chief
Financial Officer

		
	ALTERIS RENEWABLES, INC.	  	SOLAR WORKS, LLC
		
	 By: /s/ Erik
Zech                                        

 Name: Erik Zech
 Title: Chief
Financial Officer
	  	 By: /s/ Erik
Zech                                        

 Name: Erik Zech
 Title: Chief
Financial Officer

		
	EARTH FRIENDLY ENERGY GROUP, LLC	  	ALTERIS RPS, LLC
		
	 By: /s/ Erik
Zech                                        

 Name: Erik Zech
 Title: Chief
Financial Officer
	  	               By: Alteris Renewables, Inc.

              Its: Sole Member

		  	 By: /s/ Erik
Zech                                        

 Name: Erik Zech
 Title: Chief
Financial Officer

		
	 ALTERIS ISI, LLC
  

              By: Alteris Renewables, Inc.

              Its: Sole Member
	  	
		
	 By: /s/ Erik
Zech                                        

 Name: Erik Zech
 Title: Chief
Financial Officer
	  	

 BANK: 
  

	
	SILICON VALLEY BANK
	
	 By: /s/ Elisa
Sun                                        

	 Name: Elisa Sun

	 Title: Relationship Manager

 [Signature page to Loan and Security Agreement] 

 EXHIBIT A – COLLATERAL DESCRIPTION 

The Collateral consists of all of Borrower’s right, title and interest in and to the following personal property: 

All goods, Accounts (including health-care receivables), Equipment, Inventory, contract rights or rights to payment of money, leases,
license agreements, franchise agreements, General Intangibles, commercial tort claims, documents, instruments (including any promissory notes), chattel paper (whether tangible or electronic), cash, deposit accounts, fixtures, letters of credit
rights (whether or not the letter of credit is evidenced by a writing), securities, and all other investment property, supporting obligations, and financial assets, whether now owned or hereafter acquired, wherever located; and 

all Borrower’s Books relating to the foregoing, and any and all claims, rights and interests in any of the above and all
substitutions for, additions, attachments, accessories, accessions and improvements to and replacements, products, proceeds and insurance proceeds of any or all of the foregoing. 

Notwithstanding the foregoing, the Collateral shall not include any of the Debtor’s right, title and interest in, to and under the
following property, in each case whether tangible or intangible, wherever located, and whether now owned by the Debtor or hereafter acquired and whether now existing or hereafter coming into existence (collectively, the “Pledged
Collateral”): 
 the Excluded Shares now owned or hereinafter acquired; 

all rights and privileges of the Debtor with respect to the membership interests and the other property referred to as Excluded Shares;
and 
 all Proceeds of any of the Pledged Collateral. 
 “Excluded Shares” means, with respect to Earth Friendly Energy Group Holdings, LLC 100% of the limited liability company interests in Alteris Project Finance Company LLC, together with
(a) all certificates representing the same and any entries on the books of Alteris Project Finance Company LLC pertaining to such shares, and (b) all shares, limited liability company interests, or other ownership interests, securities,
moneys or other property representing a dividend on or a distribution or return of capital on or in respect of the Excluded Shares, or resulting from a split-up, revision, reclassification or other like change of the Excluded Shares or otherwise
received in exchange therefor, and any warrants, rights or options issued to the holders of, or otherwise in respect of, the Excluded Shares. 

“Proceeds” shall have the meaning set forth in Article 9 of the NY UCC. 

  
 1 

 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. (“Borrower”)
certifies that under the terms and conditions of the Loan and Security Agreement between Borrower and Bank (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)
	  	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)
	  	 	2:00:1.00	  	  	 	            :1.00	  	  	 	Yes No	  
	 Streamline Period (Qualified Cash minus the total outstanding Obligations of Borrower owed to Bank)
	  	$	2,000,000	  	  	$	            	  	  	 	Yes No	  

  
 1 

 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	  	

  
 2 

 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) 

 Tested as
of the last day of each month, on a consolidated basis with respect to Borrower and its Subsidiaries 
 Required:
        2.00:1.00 
 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 2:00:1:00? 

 

											
		  	No, not in compliance	  		  		  	 	Yes, in compliance	  

  
 3 

	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

  
 4

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