Document:

EX-10.2

 Exhibit 10.2 

AMENDMENT 
 TO SALE AND
SERVICING AGREEMENTS 
 This AMENDMENT TO SALE AND SERVICING AGREEMENTS, dated as of March 27, 2018 (this
“Amendment”), is by and between NISSAN AUTO RECEIVABLES CORPORATION II, a Delaware corporation (the “Seller”) and NISSAN MOTOR ACCEPTANCE CORPORATION (“NMAC”), a California corporation, as Servicer
(in such capacity, the “Servicer,” and together with the Seller, the “Parties”). 
 RECITALS: 

WHEREAS, separate and discrete Delaware statutory trust issuers (each, an “Issuer,” collectively, the
“Issuers”), certain indenture trustees (each as identified on Schedule A to this Amendment, an “Indenture Trustee”), the Seller, the Servicer and NMAC, in its individual capacity, have entered into Sale and
Servicing Agreements for each of the transactions listed on Schedule A to this Amendment (collectively the “Sale and Servicing Agreements”); 

WHEREAS, the Parties desire to amend Section 5.02(a) of each of the Sale and Servicing Agreements to modify the requirements of
the Monthly Remittance Condition (as such term is defined therein); and 
 WHEREAS, the Parties desire to implement such amendments
as of the Effective Date (as defined below) in accordance with the terms and conditions set forth below pursuant to Section 10.01(a) of each of the Sale and Servicing Agreements. 

NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, receipt of which
is acknowledged, the Parties hereto agree as follows: 
 ARTICLE I 

RECITALS AND DEFINITIONS 

Section 1.1 Definitions. Capitalized terms used and not defined herein have the respective meanings assigned such
terms in the applicable Sale and Servicing Agreement. 
 ARTICLE II 

AMENDMENTS 

Section 2.1 Amendments to Group A Sale and Servicing Agreements. As of the Effective Date, the third sentence of
Section 5.02(a) of each Sale and Servicing Agreement for a Group A transaction (as identified in Schedule A) is hereby amended to replace the reference to “F1” therein with “F2”. 

Section 2.2 Amendments to Group B Sale and Servicing Agreements. As of the Effective Date, the second sentence of
Section 5.02(a) of each Sale and Servicing Agreement for a Group B transaction (as identified in Schedule A) is hereby amended to replace the reference to “F1” therein with “F2”. 

  

					
		  		  	 Amendment to

Sale and Servicing Agreements

 Section 2.3 Amendment to Group C Sale and Servicing Agreement. As of the
Effective Date, the second sentence of Section 5.02(a) of the Sale and Servicing Agreement for the Group C transaction (as identified in Schedule A) is hereby amended and restated in full to read as follows: 

“The “Monthly Remittance Condition” shall be deemed to be satisfied if (i) NMAC is the Servicer and
(ii) NMAC’s short-term unsecured debt obligations are rated at least “P-1” by Moody’s and at least “F2” by Fitch (so long as Moody’s and Fitch are Rating
Agencies).” 
 ARTICLE III 

EFFECTIVE DATE 

Section 3.1 Effective Date. Upon satisfaction of the following conditions this Amendment shall become effective
immediately (such date, the “Effective Date”) without further action by any Party: 
 (a) receipt by the Servicer of an
executed counterpart of this Amendment from each Party hereto; 
 (b) satisfaction of the Rating Agency Condition with respect to this
Amendment in accordance with Section 10.01(a)(ii) of each Sale and Servicing Agreement; and 
 (c) receipt by the Owner Trustee and
each Indenture Trustee of an Opinion of Counsel, as required pursuant to Section 10.01(d) of each Sale and Servicing Agreement, stating that the execution of such amendment is authorized or permitted by such Sale and Servicing Agreements. 

ARTICLE IV 

MISCELLANEOUS 

Section 4.1 Sale and Servicing Agreements Unaffected. Except as modified herein, the Parties acknowledge that the
provisions of each of the Sale and Servicing Agreements remain in full force and effect and are hereby ratified and confirmed by the Parties hereto. After the Effective Date all references in the applicable Basic Documents to a Sale and Servicing
Agreement shall mean such Sale and Servicing Agreement as modified hereby. 
 Section 4.2 Governing Law. This
Amendment shall be construed in accordance with the laws of the State of New York, without reference to its conflict of law provisions (other than Section 5-1401 of the General Obligations Law of the
State of New York), and the obligations, rights and remedies of the Parties hereunder shall be determined in accordance with such laws. 

  

					
		  	2	  	 Amendment to

Sale and Servicing Agreements

 Section 4.3 Captions. The various captions in this Amendment are
included for convenience only and shall not affect the meaning or interpretation of any provision of this Amendment or any provision hereof. 

Section 4.4 Severability. Whenever possible, each provision of this Amendment shall be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under the laws of any applicable jurisdiction, such provision, as to jurisdiction, shall be ineffective to the extent of such
prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Amendment as to such jurisdiction or any other jurisdiction. 

Section 4.5 Binding Effect. This Amendment shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns. 
 Section 4.6 Counterparts. This Amendment may be executed in any number
of counterparts and by the parties hereto on separate signature pages, each such executed counterpart constituting an original but all together only one Amendment. 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered as of the date first above written. 

 

			
	NISSAN AUTO RECEIVABLES CORPORATION II, as Seller

 
			
		
	By:	 	 /s/ Riley A. McAndrews

	Name:	 	Riley A. McAndrews
	Title:	 	Assistant Treasurer
	
	NISSAN MOTOR ACCEPTANCE CORPORATION, Servicer

 
			
		
	By:	 	 /s/ Riley A. McAndrews

	Name:	 	Riley A. McAndrews
	Title:	 	Assistant Treasurer

  

					
		  	3	  	 Amendment to

Sale and Servicing Agreements

 SCHEDULE A 

Group A: 
  

	 	1.	Nissan Auto Receivables Owner Trust Series 2013-C 

	 	i.	Indenture Trustee: U.S. Bank National Association 

  

	 	2.	Nissan Auto Receivables Owner Trust Series 2014-A 

	 	i.	Indenture Trustee: Citibank, N.A. 

  

	 	3.	Nissan Auto Receivables Owner Trust Series 2014-B 

	 	i.	Indenture Trustee: Wells Fargo Bank, National Association 

  

	 	4.	Nissan Auto Receivables Owner Trust Series 2015-A 

	 	i.	Indenture Trustee: Wells Fargo Bank, National Association 

  

	 	5.	Nissan Auto Receivables Owner Trust Series 2015-B 

	 	i.	Indenture Trustee: U.S. Bank National Association 

  

	 	6.	Nissan Auto Receivables Owner Trust Series 2015-C 

	 	i.	Indenture Trustee: U.S. Bank National Association 

 Group B: 

 

	 	7.	Nissan Auto Receivables Owner Trust Series 2016-A 

	 	i.	Indenture Trustee: U.S. Bank National Association 

  

	 	8.	Nissan Auto Receivables Owner Trust Series 2016-B 

	 	i.	Indenture Trustee: U.S. Bank National Association 

  

	 	9.	Nissan Auto Receivables Owner Trust Series 2016-C 

	 	i.	Indenture Trustee: U.S. Bank National Association 

  

	 	10.	Nissan Auto Receivables Owner Trust Series 2017-A 

	 	i.	Indenture Trustee: U.S. Bank National Association 

  

	 	11.	Nissan Auto Receivables Owner Trust Series 2017-B 

	 	i.	Indenture Trustee: U.S. Bank National Association 

 Group C: 

 

	 	12.	Nissan Auto Receivables Owner Trust Series 2017-C 

	 	i.	Indenture Trustee: U.S. Bank National Association 

  

					
		  	4	  	 Amendment to

Sale and Servicing AgreementsExhibit 10.35

FIRST AMENDMENT TO

EMPLOYMENT AGREEMENT

 

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is made and entered into effective as of October 20, 2017 (the “Effective Date”) by and between Summer Energy Holdings, Inc., a Nevada corporation (“Employer”), and Angela Hanley (“Employee”). 

RECITALS

A. Employer and Employee are parties to that certain Employment Agreement dated as of January 1, 2017 (the “Employment Agreement”).  Unless otherwise indicated, all capitalized terms herein shall have the meanings assigned to them in the Employment Agreement; and 

 

B.Pursuant to Section 9 of the Employment Agreement, Employer and Employee desire to amend the Employment Agreement pursuant to the terms and conditions of this Amendment.   

  

AGREEMENT

NOW, THEREFORE, in consideration of the covenants and conditions set forth herein, and for other good and valuable consideration, Employer and Employee hereby agree as follows: 

1.Exhibit A to the Employment Agreement is hereby amended by deleting the second bullet point in section 5 of Exhibit A and replacing it in its entirety with the following language:   

Beginning on and measured from October 1, 2017, and continuing through the term of this Agreement, Employee will be granted a fully-vested option to purchase 15,000 shares of Employer’s common stock each calendar quarter, provided Summer LLC’s (i) quarterly commercial sales volume exceeds 22,500,000 KWh for such quarter (as measured by the ERCOT Commercial Rolling Metrics report) and (ii) EBITDA after SG&A expenses, divided by Gross Profit, each as set forth on Employer’s internal energy schedule, exceeds 9.0% for such quarter.  Provided such metrics were met for a particular quarter, Employer will grant said options as promptly as possible following the end of such fiscal quarter with a strike price equal to the greater of (i) the fair market value of a share of stock on the date of grant, and (ii) $2.50 per share.  Such option will be granted pursuant to the terms and conditions of a Stock Option Grant Agreement and the Employer’s 2015 Stock Option and Stock Award Plan.  Upon the occurrence of a Change of Control (as defined in this Agreement, as amended), unless otherwise agreed to by the parties, the incentive compensation described in this paragraph shall terminate.  

2.All other provisions of the Employment Agreement shall remain in full force and effect. 

IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to Employment Agreement as of the Effective Date.

 

EMPLOYER:EMPLOYEE: 

 

SUMMER ENERGY HOLDINGS, INC.

a Nevada corporationAngela Hanley 

Angela Hanley 

By: /s/ Neil Leibman 

Name: Neil Leibman 

Title: CEO 

1

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