Document:

Loan Modification Agreement

 Exhibit 10.36 
 LOAN MODIFICATION AGREEMENT 
 This Loan Modification Agreement (“Modification”) is entered
into as of April 4, 2007, by and between Partners for Growth, L.P., a Delaware limited partnership with its principal place of business at 180 Pacific Avenue, San Francisco, California 94111 (“PFG”) and each of Comverge, Inc. and
Comverge 6D, Inc., each a Delaware corporation with their principal places of business at 3950 Shackleford Road, Duluth, GA 30096 (individually and collectively “Borrower”). 
 WHEREAS, Borrower has an existing credit facility with PFG pursuant to that certain Loan and Security Agreement dated as of June 10, 2005 (the
“Loan Agreement”) and certain other Security Documents (as defined below); 
 WHEREAS, Comverge, Inc. has issued a Warrant to PFG
of even date with the Loan Agreement (the “Warrant”); and 
 WHEREAS, PFG and Borrower have entered into that certain Letter
Agreement to Loan and Security Agreement dated as of January 10, 2007, in which the parties agreed to amended certain terms of the Loan Agreement, as amended by that certain Amendment to Letter Agreement dated February 24, 2007
(collectively, the “Letter Agreement”). 
 NOW THEREFORE, the parties hereby agree as follows: 
 1. DESCRIPTION OF EXISTING INDEBTEDNESS: Among other Obligations and indebtedness which may be owing by Borrower to PFG, Borrower is indebted to PFG pursuant to,
among other documents, the Loan Agreement. The above-referenced Obligations and indebtedness are collectively referred to herein as the “Indebtedness”. The Loan Agreement provides for term loan in the principal amount of Four Million
Dollars ($4,000,000). Defined terms used but not otherwise defined herein shall have the same meanings set forth in the Loan Agreement. 
 2. DESCRIPTION
OF COLLATERAL. Repayment of the Indebtedness is secured by the Collateral, as described in the Loan Agreement and in certain Intellectual Property Security Agreements of even date therewith. The above-described security documents, including the
Cross-Corporate Continuing Guaranty of even date therewith, together with all other documents securing repayment of the Indebtedness, shall be referred to herein as the “Security Documents”. Hereinafter, the Security Documents, together
with the Letter Agreement and all other documents evidencing or securing the Indebtedness, shall be referred to as the “Existing Loan Documents”. 
  

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 3. DESCRIPTION OF CHANGES IN TERMS. 
 (a) Modification(s) to Loan Agreement. 
 (1) To the Schedule to the Loan Agreement,
Section 1(c) (“Conversion”), in the second line, the language beginning with “, subject” and ending with “sentence” in the third line is hereby deleted. 
 (2) To the Schedule to the Loan Agreement, Section 1(c) (“Conversion”), the following language in lines 4 through 8 shall
be deleted: 
 “; provided, however, if PFG elects to convert the Loan prior to the common stock of Borrower being listed on a U.S.
national securities exchange, then PFG shall be required to convert all of the then-outstanding principal amount of the Loan” 
 (3) The last sentence of Section 1(e) (“Prepayment”) beginning with “Notwithstanding” and ending with “terminate.” is hereby deleted, with the intended effect that Borrower’s right to prepay the Loan
(or the remaining portion thereof to the extent a portion has been converted) is not terminated by PFG’s partial conversion of the Loan. 
 (b) The Warrant. The parties agree that the Warrant shall be amended and restated in its entirety pursuant to the form of Amended and Restated Warrant attached hereto as Exhibit A. 
 4. CONSISTENT CHANGES. The Existing Loan Documents are hereby amended wherever necessary to reflect the changes described above. 
 5. FEES AND EXPENSES. Each of the parties hereto is responsible for its own fees and costs, including counsel fees, in connection with this Modification.

 6. BORROWERS’ REPRESENTATIONS AND WARRANTIES. Each Borrower represents and warrants that: 
 (a) each Borrower has the corporate power and authority to execute and deliver this Amendment and to perform its obligations under the Existing Loan
Documents, as amended by this Modification; 
 (b) the execution and delivery by each Borrower of this Modification and the performance by
each Borrower of its obligations under the Existing Loan Documents, as amended by this Modification, have been duly authorized by all necessary corporate action on the part of each Borrower; 
  

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 (c) this Modification has been duly executed and delivered by each Borrower and is the binding obligation
of each Borrower, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable
principles relating to or affecting creditors’ rights; 
 Each Borrower understands and acknowledges that PFG is entering into this
Modification in reliance upon, and in partial consideration for, the above representations and warranties, and agrees that such reliance is reasonable and appropriate. 
 7. CONTINUING VALIDITY. Borrower understands and agrees that in modifying the existing Indebtedness, PFG is relying upon Borrower’s representations, warranties, and agreements, as set forth in the Existing
Loan Documents. Except as expressly modified pursuant to this Modification, the terms of the Existing Loan Documents remain unchanged and in full force and effect. PFG’s agreement to modifications to the existing Indebtedness shall not obligate
PFG to make any future consents, waivers or modifications to the Indebtedness. Nothing in this Modification shall constitute a satisfaction of the Indebtedness or a waiver of any default under the Existing Loan Documents. It is the intention of PFG
and Borrower to retain as liable parties all makers and endorsers of Existing Loan Documents, unless the party is expressly released by PFG in writing. Unless expressly released herein, no maker, endorser, or guarantor will be released by virtue of
this Modification. The terms of this paragraph apply not only to this Modification, but also to all subsequent loan modification agreements. 
 8.
CONDITIONS. The effectiveness of this Modification is conditioned upon receipt by PFG of a fully executed counterpart hereof executed by each Borrower. 
 9. FURTHER ASSURANCES. Borrower agrees to execute such further documents and instruments and to take such further actions as PFG may request in its good faith business judgment to carry out the purposes and intent of this
Modification. 
 10. INTEGRATION; CONSTRUCTION. This Modification and any documents executed in connection herewith or pursuant hereto contain the
entire agreement between the parties with respect to the subject matter hereof and supersede all prior agreements, understandings, offers and negotiations, oral or written, with respect thereto and no extrinsic evidence whatsoever may be introduced
in any judicial or arbitration proceeding, if any, involving this Modification; except that any financing statements or other agreements or instruments filed by PFG with respect to Borrower shall remain in full force and effect. The quotation marks
around modified clauses set forth herein and any differing font styles in which such clauses are presented herein are for ease of reading only and shall be ignored for purposes of construing and interpreting this Modification. 
 11. GOVERNING LAW; VENUE. THIS MODIFICATION SHALL BE GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA. Each
Borrower and PFG submit to the exclusive jurisdiction of the State and Federal courts in San Francisco County, California, in connection with any proceeding or dispute arising in connection herewith. 
 [Signature pages follow] 
  

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

									
	Borrower:	 		 	PARTNERS FOR GROWTH, L.P.
			
	COMVERGE, INC., a Delaware corporation	 		 	
					
	By	 	/s/ Thomas W. Wren	 		 	By	 	/s/ Andrew W. Kahn
		 	President or Vice President	 		 		 	
		 		 		 	Name:	 	Andrew W. Kahn
	By	 	/s/ Matthew H. Smith	 		 		 	
		 	Secretary or Ass’t Secretary	 		 	Title:	 	 Manager, Partners for Growth, LLC
 Its General
Partner

			
	Borrower:
	
	COMVERGE 6D, INC., a Delaware corporation
		
	By	 	/s/ Thomas W. Wren
		 	President or Vice President
		
	By	 	/s/ Mathew H. Smith
		 	Secretary or Ass’t Secretary

  

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 EXHIBIT A 
 FORM OF AMENDED AND RESTATED WARRANT 

 AMENDED AND RESTATED WARRANT 
 THIS AMENDED AND RESTATED WARRANT (THIS “WARRANT”) IS ISSUED PURSUANT TO THE TERMS OF THE PROVISIONS OF A WARRANT PURCHASE AGREEMENT (THE “AGREEMENT”) BETWEEN COMVERGE, INC. (THE
“COMPANY”) AND THE INITIAL WARRANT HOLDER. A COPY OF THE AGREEMENT IS ON FILE AT THE OFFICE OF THE CORPORATE SECRETARY OF THE COMPANY. THIS SECURITY WAS SOLD IN A PRIVATE PLACEMENT, WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), AND MAY BE OFFERED OR SOLD ONLY IF REGISTERED UNDER THE SECURITIES ACT OR IF AN EXEMPTION FROM REGISTRATION IS AVAILABLE. 
 This Amended and Restated Warrant amends and restates in its entirety the Warrant issued by Comverge, Inc., a Delaware corporation (the “Company”), to the Holder (as defined below) on June 10,
2005. 
  

			
	Initial Number of Shares:	  	1,103,387 (subject to adjustment as set forth herein)
		
	Class of Shares:	  	Series B Convertible Preferred Stock, $0.001 par value
		
	Exercise Price:	  	$3.62 (subject to adjustment as set forth herein)
		
	Original Issue Date:	  	June 10, 2005
		
	Date of Amendment and Restatement:	  	April 4, 2007
		
	Expiration Date:	  	June 9, 2010

 The term “Holder” shall initially refer to Partners for Growth, L.P., a Delaware limited
partnership (“PFG”), which is the initial holder of this Warrant and shall further refer to any subsequent permitted holder of this Warrant from time to time. 
 The Holder is subject to certain restrictions as set forth in the Agreement. 
 The Company does hereby
certify and agree that for good and valuable consideration, the Holder, or its permitted successors and assigns, hereby is initially entitled to purchase from the Company 1,103,387 (subject to adjustment pursuant to subsection 1.2 and Section 4
below) duly authorized, validly issued, fully paid and non-assessable shares of its Series B Convertible Preferred Stock, $0.001 par value (the “Shares”), each upon the terms and subject to the provisions of this Warrant. The shares of
Series B Convertible Preferred Stock and Common Stock into which the Shares are convertible, if all of the outstanding shares of Series B Preferred Stock are converted to Common Stock prior to the exercise of this Warrant, are referred to herein as
the “Warrant Stock”. 

 Section 1. Term, Price and Exercise of Warrant. 
 1.1 Term of Warrant. This Warrant is not exercisable upon issuance and shall become exercisable only on the date upon which the Company prepays the
Loan in compliance with Section 1(e) of the Schedule to the Loan and Security Agreement, dated June 10, 2005, as amended by that certain Loan Modification Agreement dated as of April 4, 2007 (the “Loan Agreement”). The right
to exercise this Warrant shall expire and this Warrant shall terminate upon the earliest to occur of (i) 5:00 p.m. (Atlanta, Georgia time) on June 9, 2010 or (ii) the conversion of the entire amount then outstanding under the Loan
into shares of capital stock of the Company pursuant to the terms of the Loan Agreement (the “Expiration Date”). 
 1.2. Number
of Shares. This Warrant shall initially be exercisable for 1,103, 387 shares of the Company’s Series B Convertible Preferred Stock (or such shares of Common Stock into which the Shares are converted, if all of the outstanding shares of
Series B Preferred Stock are converted to Common Stock prior to the exercise of this Warrant). In the event that, from time to time, any portion of the amount outstanding under the Loan is converted into shares of capital stock of the Company,
whether pursuant to the terms of the Loan Agreement in compliance with Section 1(c) of the Schedule to the Loan Agreement or otherwise, then the number of Shares for which this Warrant shall be exercisable shall be reduced, and this Warrant
shall become exercisable for the number of Shares equal the product of (X) the quotient of (1) the outstanding principal amount of the Loan prior to the conversion minus the outstanding principal amount of the Loan so converted divided by
(2) the applicable outstanding principal amount of the Loan immediately prior to such conversion multiplied by (Y) the total number of Shares for which this Warrant was exercisable immediately prior to such conversion. 
 1.3 Exercise Price. The price per share at which the Warrant Stock is issuable upon exercise of this Warrant shall be $3.62 per share, subject to
adjustment from time to time as set forth herein (the “Exercise Price”). 
 1.4 Exercise of Warrant. 
 (a) Subject to Sections 1.1, 1.2 and 1.7, this Warrant may be exercised or converted, in whole or in part, by surrender to the Company at its then
principal offices in the United States of this Warrant to be exercised, together with the form of election to exercise attached hereto as Exhibit A duly completed and executed, and upon payment to the Company of the Exercise Price for the number of
shares of Warrant Stock in respect of which this Warrant is then being exercised. 
 (b) Payment of the aggregate Exercise Price may be made
(i) in cash or by cashier’s or bank check or (ii) by converting this Warrant through a Cashless Exercise (as defined herein). Upon a “Cashless Exercise” the Holder shall receive Warrant Stock on a net basis such that,
without the payment of any funds, the Holder shall surrender this 

 
Warrant in exchange for the number of shares of Warrant Stock equal to “X” (as defined below), computed using the following formula: 
  

					
	X   =   	  	Y * (A-B)	  	
	  	A	  	

 Where 
  

	 	X	=     the number of shares of Warrant Stock to be issued to Holder. 

  

	 	Y	=     the number of shares of Warrant Stock to be exercised under this Warrant 

  

	 	A	=     the Fair Market Value of one share of Warrant Stock. 

  

	 	B	=     the Exercise Price (as adjusted to the date of such calculations). 

 (c) For purposes of Cashless Exercise of this Warrant, the “Fair Market Value” of one share of Warrant Stock shall be: 
 (i) if the exercise occurs upon the Company’s initial public offering of shares of its Common Stock (“IPO”), and if the
Company’s registration statement relating to such IPO has been declared effective by the Securities and Exchange Commission, then the fair market value shall be the initial per share offering price specified in the final prospectus with respect
to the IPO; 
 (ii) if the exercise occurs upon a Change of Control, then the fair market value shall be the value received in
such Change of Control by the holders of the securities as to which purchase rights under this Warrant exist; 
 (iii) if the
exercise occurs after, and not in connection with the Company’s IPO, and: 
 (1) if the Common Stock is traded on a
securities exchange or the Nasdaq Stock Market, the value shall be deemed to be the average of the closing prices on such exchange or market over the 30-day period ending three days prior to the date of the Notice of Conversion; or 
 (2) if the Common Stock is actively traded over-the-counter, the value shall be deemed to be the average of the closing bid prices over
the 30-day period ending three days prior to the date of the Notice of Conversion; 
 (iv) if there is no active public
market, the value shall be the fair market value thereof, as determined in good faith by the Company’s Board of Directors. 
 (d) In the
event that Holder elects to convert the Warrant Stock through Cashless Exercise in connection with a transaction in which the Warrant Stock is converted into or exchanged for another security, Holder may effect a Cashless Exercise directly into such
other security at the rate other shares of Warrant Stock are converted. Notwithstanding the right of the Holder to effect a Cashless Exercise, the Company may 

 
require Holder to exercise this Warrant for cash if (1) the Warrant Stock is registered, (2) the Warrant Stock may be traded by Holder without
restriction under SEC rules and regulations and applicable law and (3) such freely tradable Common Stock issuable upon exercise of this Warrant is delivered to Holder within 2 business days of Holder’s exercise. 
 (e) Subject to Section 2 hereof, upon surrender of this Warrant, and the duly completed and executed form of election to exercise, and payment of
the Exercise Price or conversion of this Warrant through Cashless Exercise, the Company shall issue and deliver not later than 5 business days, but with reasonable commercial efforts to deliver within 3 business days, to the Holder a certificate or
certificates for the number of shares of Warrant Stock so purchased upon the exercise or conversion of this Warrant. Such certificate or certificates shall be deemed to have been issued and any person so designated to be named therein shall be
deemed to have become a holder of record of such Warrant Stock as of the date of the surrender of this Warrant, and the duly completed and executed form of election to exercise, and payment of the Exercise Price or conversion of this Warrant through
Cashless Exercise; provided, that if the date of surrender of this Warrant and payment of the Exercise Price is not a business day, the certificates for the Warrant Stock shall be issued as of the next business day (whether before or after the
Expiration Date), and, until such date, the Company shall be under no duty to cause to be delivered any certificate for such Warrant Stock or for shares of such other class of capital stock. If this Warrant is exercised or converted in part, a new
warrant of the same tenor and for the number of shares of Warrant Stock not exercised or converted shall be executed by the Company. 
 1.5
Fractional Interests. The Company shall not be required to issue fractions of shares of Warrant Stock upon the exercise of this Warrant. If any fraction of a share of Warrant Stock would be issuable upon the exercise of this Warrant (or any
portion thereof), the Company shall pay to the Holder an amount in cash based on the Fair Market Value of such fractional share as determined under Section 1.3(c). 
 1.6 Automatic Conversion upon Expiration. So long as PFG is the Holder, in the event that, upon the Expiration Date (other than upon expiration by termination of this Warrant due to Holder’s conversion of
its loan to the Company referenced in Section 1.1(ii) hereof), the Fair Market Value of one share of Warrant Stock (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.4 above is greater than the
Exercise Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to be converted pursuant to Section 1.4 above as to all Warrant Stock (or such other securities) for which it shall not previously
have been exercised or converted, and the Company shall promptly deliver a certificate representing the Warrant Stock (or such other securities) issued upon such conversion to the Holder. 
 1.7 Refund of Prepayment Fee. Any exercise of this Warrant shall not be effective unless and until the Holder has paid to the Company the
Prepayment Fee Refund, if any, as specified in Section 8(d) of the Schedule to the Loan Agreement. 

 Section 2. Exchange and Transfer of Warrant. 
 (a) This Warrant may be transferred after the Prepayment Date, in whole or in part, subject to (i) the Holder’s delivery of an opinion of
counsel in customary form that such transfer is in compliance with applicable securities laws, and (ii) for transfers to non-Affiliates of Holder, the prior written consent of the Company, which consent shall not be unreasonably withheld; and
(iii) the transferee holder of the new Warrant assumes in writing the obligations of the Holder set forth in the Agreement. A transfer may be registered with the Company by submission to it of this Warrant, together with the annexed Assignment
Form attached hereto as Exhibit B duly completed and executed. After the Company’s receipt of this Warrant and the Assignment Form so completed and executed, the Company will issue and deliver to the transferee a new warrant (representing the
portion of this Warrant so transferred) at the same Exercise Price per share and otherwise having the same terms and provisions as this Warrant, which the Company will register in the new holder’s name. In the event of a partial transfer of
this Warrant, the Company shall concurrently issue and deliver to the transferring holder a new warrant that entitles the transferring holder to purchase the balance of this Warrant not so transferred and that otherwise is upon the same terms and
conditions as this Warrant. Upon the due delivery of this Warrant for transfer, the transferee holder shall be deemed for all purposes to have become the holder of the new warrant issued for the portion of this Warrant so transferred, effective
immediately prior to the close of business on the date of such delivery, irrespective of the date of actual delivery of the new warrant representing the portion of this Warrant so transferred. For purposes hereof the term “Affiliate” with
respect to any given person shall mean any person controlling, controlled by or under common control with the given person. 
 (b) In the
event of the loss, theft or destruction of this Warrant, the Company shall execute and deliver an identical new warrant to the Holder in substitution therefor upon the Company’s receipt of (i) evidence reasonably satisfactory to the
Company of such event and (ii) if requested by the Company, an indemnity agreement reasonably satisfactory in form and substance to the Company. In the event of the mutilation of or other damage to this Warrant, the Company shall execute and
deliver an identical new warrant to the Holder in substitution therefor upon the Company’s receipt of the mutilated or damaged warrant. 
 (c) The Company shall pay all costs and expenses incurred by the Company in connection with the (i) issuance of Warrant Stock upon the exercise of this Warrant and (ii) exchange, transfer or replacement of this Warrant, including,
without limitation, the costs of preparation, execution and delivery of a new warrant and of share certificates representing all Warrant Stock; provided, that the Holder shall pay all stamp and other transfer taxes payable in connection with the
transfer or replacement of this Warrant. 
 Section 3. Certain Covenants. 
 (a) The Company shall at all times reserve for issuance and keep available out of its authorized and unissued capital Stock, solely for the purpose of
providing for the exercise of this Warrant, such number of shares of Warrant Stock as shall from time to time be sufficient therefor. 

 (b) The Company will not, by amendment of its Certificate of Incorporation or Bylaws or through
reorganization, consolidation, merger, amalgamation, sale of assets or otherwise, avoid or seek to avoid the observance or performance of any of the terms of this Warrant. Without limiting the foregoing, the Company (i) will not increase the
par value of any shares receivable upon the exercise of this Warrant above the amount payable therefor upon such exercise and (ii) will take all such action as may be necessary or appropriate in order that the Company may validly and legally
issue fully paid and nonassessable shares of Warrant Stock upon the exercise of this Warrant. 
 Section 4. Adjustments to Exercise Price and Number
of Shares of Warrant Stock. 
 4.1 Adjustments. In order to prevent dilution of the rights granted hereunder, the Exercise Price
shall be subject to adjustment from time to time in accordance with this Section 4. Upon each adjustment of the Exercise Price pursuant to this Section 4, the Holder shall thereafter be entitled to acquire upon exercise, at the Exercise
Price resulting from such adjustment, the number of shares of Common Stock of the Company obtainable by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares of Common Stock acquirable immediately
prior to such adjustment and dividing the product thereof by the new Exercise Price resulting from such adjustment. 
 4.2 Subdivisions,
Combinations and Share Dividends. If the Company shall at any time subdivide by split-up or otherwise, its outstanding Common Stock into a greater number of shares, or issue additional capital Stock as a dividend, bonus issue or otherwise with
respect to any class of capital stock, the Exercise Price in effect immediately prior to such subdivision or share dividend or bonus issue shall be proportionately reduced. Conversely, in case the outstanding Common Stock of the Company shall be
combined into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be proportionately adjusted. 
 4.3. Change of Control. For purposes of this Warrant, a “Change of Control” means a change in the ownership or control of the Company effected through any of the following transactions: (A) a merger, consolidation or
reorganization approved by the Company’s stockholders, unless securities representing more than 50% of the total combined voting power of the voting securities of the successor corporation are immediately thereafter beneficially owned, directly
or indirectly and in substantially the same proportion, by the persons who beneficially owned Company’s outstanding voting securities immediately prior to such transaction; (B) any stockholder-approved sale, transfer or other disposition
of all or substantially all of the Company’s assets; or (C) the acquisition, directly or indirectly, by any person or related group of persons (other than the Company or a person that directly or indirectly controls, is controlled by or is
under common control with, the Company) of beneficial ownership (within the meaning of 

 
Rule 13d-3 of the Securities Exchange Act of 1934, as amended) of securities possessing more than 50% of the total combined voting power of Company’s
outstanding securities pursuant to a tender or exchange offer made directly to the Company’s stockholders. If a Change of Control shall be proposed or be effected in such a way that holders of Warrant Stock shall be entitled to receive shares,
securities, cash or other property with respect to or in exchange for Warrant Stock, then, the Company shall use all reasonable commercial efforts to procure that upon the consummation of such Change of Control, lawful and adequate provision shall
be made whereby the Holder shall have the right to acquire and receive upon exercise of this Warrant (or at the option of the Holder, shall have the right to receive a new and equivalent Warrant for) such shares, securities, cash or other property
issuable or payable as part of such Change of Control with respect to or in exchange for such number of outstanding shares of Warrant Stock as would have been received upon exercise of this Warrant at the Exercise Price then in effect. If after the
exercise of such efforts the Company is unable to procure the foregoing, then the Company shall purchase this Warrant for cash for its fair market value as determined using the Black-Scholes valuation methodology. Payment for this Warrant shall be
made by the Company contemporaneously with the closing of such Change of Control. 
 4.4. Notices of Record Date, Etc. In the event
that the Company should: 
 (1) declare or propose to declare any dividend upon its capital stock, whether payable in cash, property, stock
or other securities and whether or not a regular cash dividend, or 
 (2) (A) offer for subscription pro rata to the holders of shares
of capital stock of the Company (other than pursuant to contractual preemptive rights) any additional shares of stock or any class or series or other rights, or (B) request its stockholders to, or the Company’s stockholders’ waiver
of, contractual preemptive rights to subscribe for stock offered for sale to Major Investors under the Company’s investor rights agreement in effect on the date hereof, or 
 (3) effect or approve any reclassification, exchange, substitution or recapitalization of the capital stock of the Company, including any subdivision or
combination of its outstanding capital stock, Change of Control, liquidation, dissolution or winding up (including an assignment for the benefit of creditors), or 
 (4) offer holders of registration rights the opportunity to participate in any public offering of the Company’s securities, 
 then, in connection with such event, the Company shall give to Holder: 
 (i) at least ten (10) days prior written
notice of the date on which the books of the Company shall close or a record shall be taken for such a dividend or offer in respect of the matters referred to in (1) above, or for determining rights to vote in respect of the matters referred to
in (3) above; and 

 (ii) at least five (5) days prior written notice of the date on which the books of the Company shall
close or a record shall be taken for an offer in respect of the matters referred to in (2) above; provided however, that notice to Holder shall only be required to the extent that Holder would be entitled to notice of the events
specified in (2)(A) and (B) if it then held the Warrant Stock, and 
 (iii) in the case of the matters referred to in
(3) above, at least ten (10) days prior written notice of the date when the same shall take place. Such notice in accordance with the foregoing clause (i) shall also specify, in the case of any such dividend, the date on which the
holders of capital stock shall be entitled thereto and the terms of such dividend, and such notice in accordance with this clause (iii) shall also specify the date on which the holders of capital stock shall be entitled to exchange their
capital stock for securities or other property deliverable upon such reorganization, reclassification, exchange, substitution, consolidation, merger or sale, as the case may be, and the terms of such exchange. Each such written notice shall be given
by first class mail, postage prepaid, addressed to the holder of this Warrant at the address of Holder; and 
 (iv) in the case of the matter
referred to in (4) above, the same notice as is given or required to be given to the holders of such registration rights. 
 4.5.
Adjustment by Board of Directors. If any event occurs as to which, in the opinion of the Board of Directors of the Company, the provisions of this Section 4 are not strictly applicable or if strictly applicable would not fairly protect
the rights of the Holder in accordance with the essential intent and principles of such provisions, then the Board of Directors shall make an adjustment in the application of such provisions, in accordance with such essential intent and principles,
so as to protect such rights, but in no event shall any adjustment have the effect of increasing the Exercise Price as otherwise determined pursuant to any of the provisions of this Section 4, except in the case of a combination of shares of a
type contemplated in Section 4.2 and then in no event to an amount larger than the Exercise Price as adjusted pursuant to Section 4.2. 
 4.6. Officers’ Statement as to Adjustments. Whenever the Exercise Price and/or number of shares of Warrant Stock subject to this Warrant is required to be adjusted as provided in Section 4, the Company shall forthwith file
at each office designated for the exercise of this Warrant a statement, signed by the Chief Executive Officer, Chief Financial Officer or any other executive officer of the Company, showing in reasonable detail the facts requiring such adjustment,
the Exercise Price and number of issuable shares that will be effective after such adjustment; provided, however, such statement shall not be required to the extent the information requested in this Section 4.6 is available through the
Company’s reports filed with the Securities and Exchange Commission. If the information described in this Section 4.6 is readily available through the Company’s reports filed with the Securities and Exchange Commission, the Company
shall not be required to provide a separate notice of adjustment to the Holder; provided, however, if such information is not readily available through the Company’s reports filed with the Securities Exchange Commission and made public, the
Company shall cause a notice setting forth any such adjustments to be sent by mail, first class, postage prepaid, 

 
to the record Holder of this Warrant at its address appearing herein. If such notice relates to an adjustment resulting from an event referred to in
Section 4.3, such notice shall be included as part of the notice required to be mailed or published under the provisions of Section 4.3. 
 4.7 Issue of Securities other than Common Stock. In the event that at any time, as a result of any adjustment made pursuant to Section 4, the Holder thereafter shall become entitled to receive any shares of the Company, other
than Warrant Stock, thereafter the number of such other shares so receivable upon exercise of this Warrant shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect
to the Common Stock contained in Section 4. 
 Section 5. Rights and Obligations of the Warrant Holder. 
 This Warrant shall not entitle the Holder to any rights of a holder of capital Stock in the Company until such time as this Warrant has been exercised.

 Section 6. Restrictive Stock Legend. 
 This Warrant and the Warrant Stock have not been registered under any securities laws. Accordingly, any share certificates issued pursuant to the exercise of this Warrant shall (until receipt of an opinion of counsel in customary form that
such legend is no longer necessary) bear the following legend: 
 THIS WARRANT AND THE WARRANT STOCK ISSUABLE UPON EXERCISE HEREOF HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”), AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OF DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN
EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN CUSTOMARY FORM THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE ACT. 
 Section 7. Notices. 
 Any notice or other communication required or permitted to be given here shall be in writing and
shall be effective (a) upon hand delivery or delivery by e-mail or facsimile at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received) or the first business day
following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received), or (b) on the third business day following the date of mailing by express courier service, fully prepaid,
addressed to such address, or upon 

 
actual receipt of such mailing, whichever shall first occur. The addresses for such communication shall be: 
 if to Holder, at 
 Partners for Growth, L.P.

 180 Pacific Avenue 
 San Francisco, California 94111 
 Attention: Lorraine Nield 
 Fax: (415) 781-0510 
 Email: lorraine@pfgrowth.com 
 with a copy to 
 Benjamin Greenspan, Esq. 
 620 Laguna Road 
 Mill Valley, CA 94941 
 Fax: (415) 358-4780 
 Email: bg2@greenspan.org 
 or 
 if to the Company, at 
 Wayne Wren 
 Executive Vice President, General Counsel 
 Comverge, Inc. 
 3950 Shackleford Rd. 
 Suite 400 
 Duluth, Georgia 30096 
 (770) 696-7660 
 (770) 697-7665 
 Email: wwren@comverge.com 
 with a copy to: 
 Fish & Richardson P.C. 
 111 Congress Avenue, Suite 810 
 Austin, TX 78701 
 Fax: (512) 320-8935 
 Attention: Steven M. Tyndall 
 Each party hereto may from time to time change its address for notices under this Section 7 by giving at least 10 calendar days’ notice of such changes address
to the other party hereto. 

 Section 8. Amendments and Waivers. 
 This Warrant and any term hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the party against which
enforcement of such change, waiver, discharge or termination is sought. 
 Section 9. Applicable Law; Severability. 
 This Warrant shall be governed by and construed and enforced in accordance with the laws of the State of California. If any one or more of the provisions
contained in this Warrant, or any application of any provision thereof, shall be invalid, illegal, or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and all other applications of
any provision thereof shall not in any way be affected or impaired thereby. 
 Section 10. Construction; Counterparts. 
 The terms of the Warrant Purchase Agreement to which this Warrant is attached as Exhibit 1 are incorporated by reference herein. Terms used but not
defined herein have the meaning set forth in the Warrant Purchase Agreement. This Warrant may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more
counterparts have been signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same counterpart. 
 [Signature pages follow] 

 IN WITNESS WHEREOF, the Company has caused this Amended and Restated Warrant to be duly executed on the
day and year first above written. 
  

			
	COMPANY:
	Comverge, Inc.
		
	By:	 	  
	Name:	 	  
	Title:	 	  
	
	 ACKNOWLEDGED AND AGREED:
 HOLDER:

	Partners for Growth, L.P.
		
	By:	 	  
		 	__________________________, Manager of
		 	 Partners for Growth, LLC,
 Its General
Partner

 Exhibit A 
  

	To:	Comverge, Inc. 

 ELECTION TO EXERCISE 
 1. The undersigned hereby exercises its right to subscribe for and purchase _________________ fully paid, validly issued and nonassessable Shares covered by the attached
Warrant and tenders payment herewith in the amount of $______________ in accordance with the terms thereof. 
 2. The undersigned hereby elects to convert
the attached Warrant into fully paid, validly issued and nonassessable Shares by Cashless Exercise in the manner specified in Section 1.3 of the attached Warrant. This conversion is exercised with respect to ___________ of shares. 

[Strike the paragraph above that does not apply.] 
 , and
requests that certificates for such shares be issued in the name of, and delivered to: 
  

  

  

  

									
	Date: _______________________	 		 	[Holder]
					
		 		 		 	By	 	  
		 		 		 		 	Name:
		 		 		 		 	Title:

 Exhibit B 
 ASSIGNMENT FORM 
  

	To:	Comverge, Inc. 

 The undersigned hereby assigns and
transfers this Warrant to 
  

 (Insert
assignee’s social security or tax identification number) 
  

 (Print or type assignee’s name, address and postal code) 
 and irrevocably appoints
_______________________________________ to transfer this Warrant on the books of the Company. 
  

									
	Date: _______________________	 		 	Partners For Growth, L.P.
					
		 		 		 	By	 	  
		 		 		 		 	 Name: ________________________, Manager of
 Partners for Growth, LLC, Its General PartnerEmployment Agreement between Herbert J. Zarkin and the Company

 Exhibit 10.1 
 Herbert J Zarkin 
 EMPLOYMENT AGREEMENT 
 AGREEMENT dated as of the 3rd day of April 2007 between Herbert J Zarkin, whose address is P.O. Box 1539, Framingham, Massachusetts 01701 (“Executive”), and BJ’s Wholesale
Club, Inc., a Delaware corporation, whose principal office is One Mercer Road, Natick, Massachusetts (“Employer” or “Company”). 
 W I T N E S S E T H 
 WHEREAS, the Company and Executive are parties to that certain Employment Agreement
dated July 28, 1997, as amended September 14, 2000 and August 9, 2004 (“1997 Agreement”); 
 WHEREAS, the
Company and Executive desire to amend and restate the 1997 Agreement for the mutual benefit of both parties thereto; and 
 WHEREAS,
the Company and Executive agree that upon the execution of this Agreement, the 1997 Agreement shall be replaced in its entirety and, as of the Effective Date hereof, shall have no force and effect. 
 NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the sufficiency of which is acknowledged by each party,
and intending to be legally bound hereby, the Company and Executive agree as follows: 
  

	 	1.	Employment and Duties. 

  

	 	1.1	Employment. 

 (a) Commencing on
February 28, 2007 (the “Effective Date”), the Company agrees to employ Executive and the Executive agrees to be employed by the Company until the date of the Company’s 2010 Annual Meeting of Stockholders, at which time this
Agreement and Executive’s employment by the Company shall terminate, subject to earlier termination as provided herein (“Initial Term”). 
 (b) The Initial Term of this Agreement, and the employment of Executive hereunder by the Company, may be renewed or extended for such period or periods as may mutually be agreed upon by the Company and the Executive
in writing. If this Agreement is not renewed and extended prior to the expiration of the Initial Term, this Agreement automatically shall terminate at the expiration of the Initial Term. 

 1.2 Duties. As of the Effective Date, Executive shall serve the Company as its
President & Chief Executive Officer, to serve in such capacity or other capacities as designated by the Board of Directors or its designee from time to time. During the term of this Agreement, the Executive shall serve the Company
faithfully, diligently and to the best of his/her ability and shall devote substantially all of his/her business time, energy and skill to the affairs of the Company as necessary to perform the duties of his/her position, and he shall not assume a
position in any other business without the express written permission of the Board of Directors; provided that the Executive may upon disclosure to the Board of Directors (i) serve in any capacity with charitable or not-for-profit
enterprises so long as there is no material interference with the Executive’s duties to the Company and (ii) make any passive investments where Executive is not obligated or required to, and shall not in fact, devote any managerial
efforts. The Company shall have the right to limit Executive’s participation in any of the foregoing endeavors if the Board of Directors believes, in its sole and exclusive discretion, that the time being spent on such activities infringes
upon, or is incompatible with, the Executive’s ability to perform the duties under this Agreement. 
  

	 	2.	Compensation and Benefits. 

 2.1 Base
Salary. Executive shall receive a Base Salary at the rate of $975,000 per year. Such Base Salary shall be subject to periodic adjustment from time to time as determined by the Board of Directors in its sole discretion. Base Salary shall be
payable in such manner and at such times as the Company shall pay base salary to other executive employees. 
 2.2 Policies and Fringe
Benefits. The Executive agrees to abide by the rules, regulations, instructions, personnel practices and policies of the Company and any changes therein that may be adopted from time to time by the Company. The Executive shall be eligible to
participate in all benefit programs that the Company establishes and makes available to all of its executives on such terms as the Board of Directors shall determine, if any, to the extent that the Executive meets the eligibility requirements to
participate as set forth in the applicable plan or policy. Nothing herein limits the Company’s right to modify, change, limit eligibility or discontinue any plan or policy at any time, with or without prior notice. 
 2.3 Reimbursement of Expenses. The Company shall reimburse the Executive for all reasonable and appropriate travel, entertainment and other
expenses incurred or paid by the Executive in connection with, or related to, the performance of his/her responsibilities or services under this Agreement, in accordance with policies and procedures, and subject to limitations, adopted by the
Company from time to time. 
 2.4 Withholding. All salary and other compensation payable to the Executive pursuant to this Agreement
shall be subject to applicable taxes and withholdings. 
  

	 	3.	Termination of Employment and Benefits Upon Termination. 

 3.1 General. Executive’s employment pursuant to this Agreement shall terminate upon the earliest to occur of (i) the Executive’s death, (ii) a termination by reason of disability,
(iii) a termination by the Company with or without Cause, (iv) a termination by the Executive, or (v) expiration of the Initial Term and any renewals or extensions thereof, unless at the expiration 

 
of such Initial Term, renewals or extensions thereof the Company determines that Executive’s employment will continue under separate terms and
conditions. Whenever the Executive’s employment shall terminate, and regardless of the reason for such termination, effective that same date he shall resign all offices, appointments and/or other positions Executive may hold with the Company
including, but not limited to, any parent corporation, subsidiaries or divisions of the Company or any such parent. 
 3.2 Termination Due
to Death. Executive’s employment shall automatically terminate upon the date of Executive’s death. No compensation or other benefits shall be payable to or accrue to Executive hereunder except as follows: 
 (a) (i) all amounts earned but unpaid hereunder through the date of termination with respect to salary, automobile allowance;
(ii) his/her vested account balance under the BJ’s Wholesale Club, Inc. 401(k) Savings Plan for Salaried Employees; and (iii) any unreimbursed expenses incurred in accordance with Company policy (collectively, “Earned
Obligations”); 
 (b) any payments or benefits under other plans of the Company to the extent such plans provide for
benefits following Executive’s death; and 
 (c) any unvested stock incentives under the Company’s stock incentive
plan will become immediately vested and distributed to Executive’s estate. 
 3.3 Termination Due to Disability. Executive’s
employment may be terminated by reason of Executive’s disability, upon notice to Executive, in the event of the inability of Executive to perform his/her duties hereunder by reason of disability, whether by reason of injury (physical or
mental), illness (physical or mental) or otherwise, incapacitating Executive for a continuous period exceeding one hundred twenty (120) days, as certified by a physician selected by Executive and the Company in good faith. No compensation or
other benefits shall be payable to or accrue to Executive hereunder except as follows: 
 (a) all Earned Obligations;

 (b) any payments or benefits under other plans of the Company to the extent such plans provide for benefits following a
termination of employment due to disability; and 
 (c) any unvested stock incentives under the Company’s stock
incentive plan will become immediately vested and available to Executive. 
 3.4 Termination by the Company for Cause or by the
Executive. The Company may terminate the Executive’s employment at any time for Cause by providing Executive notice of such termination. For the purpose of this Agreement, termination by the Company for Cause shall refer to the
Company’s termination of the Executive’s employment because it has determined, in its sole and exclusive discretion, that he has: (i) refused or failed to devote his/her full normal working time, skills, knowledge, and abilities to
the business of the Company and in promotion of its interests or he has failed to fulfill directives of the Board of Directors or its designee; (ii) engaged in activities involving dishonesty, willful misconduct, willful violation of 

 
any law, rule, regulation or policy of the Company or breach of fiduciary duty; (iii) committed larceny, embezzlement, conversion or any other act
involving the misappropriation of the Company’s funds or property; (iv) been convicted of any crime which reasonably could affect in an adverse manner the reputation of the Company or Executive’s ability to perform his/her duties
hereunder; (v) been grossly negligent in the performance of his/her duties; or (vi) materially breached this Agreement including, but not limited to, his/her obligations set forth in Sections 4 and 5 below. If Executive’s employment
terminates pursuant to this Section 3.4 by the Company for Cause or by reason of the Executive’s resignation at any time, Executive shall only receive the Earned Obligations, if any, through his/her termination date. Nothing herein waives
any rights the Company may have for damages or equitable relief. 
 3.5 Termination by the Company Without Cause. The Company may
terminate Executive’s employment without Cause at any time effective upon Executive’s receipt of notice of such termination. No compensation or other benefits shall be payable to or accrue to Executive in the event of his/her termination
without cause except as follows: 
 (a) all Earned Obligations; 
 (b) Subject to the Executive entering into a binding and irrevocable release of claims and separation agreement prepared by the Company,
the Executive shall be eligible to receive: 
 (1) continuation of Base Salary for a period of twelve (12) months (the “Severance
Period”), payable in such manner and at such times as Executive’s Base Salary was being paid immediately prior to such termination; 
 (2) if the Executive elects to continue to participate in the Company’s medical and/or dental plans for team members pursuant to a valid COBRA election (and if and only if such participation is legally and contractually permissible),
an amount equal to the difference between the Executive’s actual COBRA premium costs and the amount the Executive would have paid had Executive continued coverage as an employee under the Company’s applicable health plans without regard to
the pre-tax benefits the Executive would have received under the BJ’s Wholesale Club, Inc. Flexible Benefits Plan provided, however, that the Company’s obligations under this clause 3.5(b)(2) shall (A) not extend beyond the Severance
Period, (B) be eliminated if the Executive discontinues COBRA benefits or (C) be reduced or eliminated to the extent that Executive receives similar coverage and benefits under the plans and programs of a subsequent employer or entity or
becomes eligible for similar coverage under a spouse’s employer; 
 (c) any payments or benefits under other plans of
the Company to the extent that the plans provide for benefits following a termination of employment; and 
  

 (d) any unvested stock incentives under the Company’s stock incentive plan will
become immediately vested and available to Executive. 
 Notwithstanding the foregoing, the payments and benefits described in
Section 3.5(b) above shall immediately terminate, and the Company shall have no further obligations to Executive with respect thereto, in the event that Executive (i) becomes employed by Wal-Mart Stores, Inc., Costco Wholesale Corporation,
Sam’s Clubs, or any of their respective subsidiaries or affiliates; or (ii) breaches any provision of Sections 4 or 5 of this Agreement. 
  

	 	4.	Non-Competition and Non-Solicitation. 

 4.1
Restricted Activities. While the Executive is employed by the Company and for a period of twelve (12) months after the termination or cessation of such employment for any reason, the Executive will not directly or indirectly: 

(a) Engage in any business or enterprise (whether as owner, partner, officer, director, employee, consultant, investor, lender or
otherwise, except as the holder of not more than 1% of the outstanding stock of a publicly-held company) that is competitive with the Company’s business. A business or enterprise shall be deemed competitive if it shall operate a chain of
membership warehouse clubs (by way of example, but not limitation, Sam’s Club or Costco), warehouse stores selling food and/or general merchandise that includes a warehouse store located within 10 miles of any “then existing”
BJ’s Wholesale Club warehouse store, or any other business that competes with the Company. Competitive business or enterprise also includes any store or business operated or owned by Wal-Mart Stores, Inc., Costco Wholesale Corporation, or any
of the respective affiliates thereof. The term “then existing” shall refer to any such warehouse store that is, at the time of termination of the Executive’s employment, operated by the Company or any of its subsidiaries or divisions
or under lease for operation as aforesaid; or 
 (b) Either alone or in association with others (i) solicit, or permit
any organization directly or indirectly controlled by the Executive to solicit, any employee of the Company to leave the employ of the Company, or (ii) solicit for employment, hire or engage as an independent contractor, or permit any
organization directly or indirectly controlled by the Executive to solicit for employment, hire or engage as an independent contractor, any person who was employed by the Company at the time of the termination or cessation of the Executive’s
employment with the Company; provided that this clause (ii) shall not apply to the solicitation, hiring or engagement of any individual whose employment with the Company has been terminated for a period of six months or longer at the
time of such solicitation, hiring or employment. 
 4.2 Extension of Restrictions. If the Executive violates the provisions of
Section 4.1, the twelve (12) month period referred to in Section 4.1 shall recommence and the Executive shall continue to be bound by the restrictions set forth in Section 4.1 until a period of twelve (12) months has expired
without any violation of such provisions. 
  

 4.3 Interpretation. If any restriction set forth in Section 4.1 is found by any court of
competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of
activities or geographic area as to which it may be enforceable. 
 4.4 Equitable Remedies. The restrictions contained in this
Section 4 are necessary for the protection of the business and goodwill of the Company and are considered by the Executive to be reasonable for such purpose. The Executive agrees that any breach of this Section 4 is likely to cause the
Company substantial and irrevocable damage which is difficult to measure. Therefore, in the event of any such breach or threatened breach, the Executive agrees that the Company, in addition to such other remedies which may be available, shall have
the right to obtain an injunction from a court restraining such a breach or threatened breach and the right to specific performance of the provisions of this Section 4, and the Executive hereby waives the adequacy of a remedy at law as a
defense to such relief. 
  

	 	5.	Proprietary Information. 

  

	 	5.1	Proprietary Information. 

 (a) The
Executive agrees that all information, whether or not in writing, of a private, secret or confidential nature concerning the Company’s business, business relationships or financial affairs (collectively, “Proprietary Information”) is
and shall be the exclusive property of the Company. By way of illustration, but not limitation, Proprietary Information may include inventions, products, processes, methods, techniques, formulas, compositions, compounds, projects, developments,
plans, research data, financial data, personnel data, computer programs, customer and supplier lists, and contacts at or knowledge of customers or prospective customers of the Company. The Executive will not disclose any Proprietary Information to
any person or entity other than employees of the Company or use the same for any purposes (other than in the performance of his/her duties as an employee of the Company) without written approval by an executive officer of the Company, either during
or after his/her employment with the Company, unless and until such Proprietary Information has become public knowledge without fault by the Executive. 
 (b) The Executive agrees that all files, letters, memoranda, reports, records, data, sketches, drawings, laboratory notebooks, program listings, or other written, photographic, or other tangible material containing
Proprietary Information, whether created by the Executive or others, which shall come into his/her custody or possession, shall be and are the exclusive property of the Company to be used by the Executive only in the performance of his/her duties
for the Company. All such materials or copies thereof and all tangible property of the Company in the custody or possession of the Executive shall be delivered to the Company, upon the earlier of (i) a request by the Company or
(ii) termination of his/her employment. After such delivery, the Executive shall not retain any such materials or copies thereof or any such tangible property. 
  

 (c) The Executive agrees that his/her obligation not to disclose or to use information
and materials of the types set forth in paragraphs (a) and (b) above, and his/her obligation to return materials and tangible property set forth in paragraph (b) above also extends to such types of information, materials and tangible
property of customers of the Company or suppliers to the Company or other third parties who may have disclosed or entrusted the same to the Company or to the Executive. 
 5.2 Equitable Remedies. The restrictions contained in this Section 5 are necessary for the protection of the business and goodwill of the Company and are considered by the Executive to be reasonable for
such purpose. The Executive agrees that any breach of this Section 5 is likely to cause the Company substantial and irrevocable damage which is difficult to measure. Therefore, in the event of any such breach or threatened breach, the Executive
agrees that the Company, in addition to such other remedies which may be available, shall have the right to obtain an injunction from a court restraining such a breach or threatened breach and the right to specific performance of the provisions of
this Section 5, and the Executive hereby waives the adequacy of a remedy at law as a defense to such relief. 
 6.
    Other Agreements. The Executive represents that his/her performance of all the terms of this Agreement and the performance of his/her duties as an employee of the Company do not and will not breach any agreement
with any prior employer or other party to which the Executive is a party (including without limitation any nondisclosure or non-competition agreement). Any agreement to which the Executive is a party relating to nondisclosure, non-competition or
non-solicitation of employees or customers is listed on Schedule A attached hereto. 
  

	 	7.	Miscellaneous. 

 7.1 Notices. Any
notice delivered under this Agreement shall be deemed duly delivered four business days after it is sent by registered or certified mail, return receipt requested, postage prepaid, or one business day after it is sent for next-business day delivery
via a reputable nationwide overnight courier service, in each case to the address of the recipient set forth in the introductory paragraph hereto. Either party may change the address to which notices are to be delivered by giving notice of such
change to the other party in the manner set forth in this Section 7.1. 
 7.2 Pronouns. Whenever the context may require, any
pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular forms of nouns and pronouns shall include the plural, and vice versa. 
 7.3 Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings,
whether written or oral, relating to the subject matter of this Agreement. 
 7.4 Amendment. This Agreement may be amended or modified
only by a written instrument executed by both the Company and the Executive. 
  

 7.5 Governing Law. This Agreement shall be governed by and construed in accordance with the laws
of the Commonwealth of Massachusetts (without reference to the conflicts of laws provisions thereof), except as may be preempted by ERISA. Any action, suit or other legal proceeding arising under or relating to any provision of this Agreement shall
be commenced only in a court of the Commonwealth of Massachusetts (or, if appropriate, a federal court located within Massachusetts), and the Company and the Executive each consents to the jurisdiction of such a court. The Company and the Executive
each hereby irrevocably waives any right to a trial by jury in any action, suit or other legal proceeding arising under or relating to any provision of this Agreement. 
 7.6 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of both parties and their respective successors and assigns, including any corporation with which, or into which,
the Company may be merged or which may succeed to the Company’s assets or business; provided, however, that the obligations of the Executive are personal and shall not be assigned by him/her.  
 7.7 Waivers. No delay or omission by the Company in exercising any right under this Agreement shall operate as a waiver of that or any
other right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion. Notwithstanding the foregoing, if the Company is
merged with or into a third party which is engaged in multiple lines of business, or if a third party engaged in multiple lines of business succeeds to the Company’s assets or business, then for purposes of Section 4.1(a), the term
“Company” shall mean and refer to the business of the Company as it existed immediately prior to such event and as it subsequently develops and not to the third party’s other businesses. 
 7.8 Captions. The captions of the sections of this Agreement are for convenience of reference only and in no way define, limit or affect the scope
or substance of any section of this Agreement. 
 7.9 Severability. In case any provision of this Agreement shall be invalid, illegal
or otherwise unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby. 
 * * * * * 
  

 THE EXECUTIVE ACKNOWLEDGES THAT HE HAS CAREFULLY READ 
 THIS AGREEMENT AND UNDERSTANDS AND AGREES TO ALL OF THE 
 PROVISIONS IN THIS AGREEMENT. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the day and year set forth above. 
 BJ’S WHOLESALE CLUB, INC. 
  

			
	 /s/ Ronald R. Dion
 Ronald R. Dion,
Chairman
 Executive Compensation Committee
  
  
 ATTEST: _/s/ Jennifer L. Hale
	 	 /s/ Herbert J Zarkin
 Herbert J Zarkin

Chairman of the Board
 President & Chief Executive
Officer
  
 WITNESS: _/s/ Jennifer L. Hale

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