Document:

EX-10.3

 Exhibit 10.3 
 SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 
 This
Second Amendment to Amended and Restated Credit Agreement (this “Amendment”) dated and effective as of April 12, 2013, by and among (a) (i) ENERNOC, INC., a Delaware corporation
(“EnerNOC”) and (ii) ENOC SECURITIES CORPORATION, a Massachusetts corporation (“ENOC Securities”) (hereinafter, EnerNOC and ENOC Securities are, jointly and severally, individually and
collectively, referred to as the “Borrower”), (b) the Lenders party hereto, (c) the several banks and other financial institutions or entities from time to time parties hereto (the
“Lenders”), (d) SILICON VALLEY BANK (“SVB”), as Administrative Agent; and (e) SVB, as an Issuing Lender. 
 W I T N E S S E T H: 

WHEREAS, the parties hereto are party to that certain Amended and Restated Credit Agreement dated as of March 14, 2012 as
amended by a First Amendment to Amended and Restated Credit Agreement dated as of June 29, 2012 (as amended, modified, supplemented or restated and in effect from time to time, the “Credit Agreement”); and

 WHEREAS, the parties hereto have agreed to modify and amend certain terms and conditions of the Credit Agreement, subject
to the terms and conditions contained herein. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1. Capitalized Terms. All capitalized
terms used herein and not otherwise defined shall have the same meaning herein as in the Credit Agreement. 
 2. Amendments
to Section 1.1 of the Credit Agreement. The Credit Agreement is hereby amended by deleting the following definition of “Revolving Termination Date” in Section 1.1 thereof: 

““Revolving Termination Date”: April 15, 2013.” 

and inserting the following definition in lieu thereof: 
 ““Revolving Termination Date”: April 30, 2013.” 
 3. Conditions Precedent to Effectiveness. This Amendment shall not be effective until each of the following conditions precedent have been fulfilled to the satisfaction of the Administrative Agent:

  

	 	(a)	This Amendment shall have been duly executed and delivered by the respective parties hereto. The Administrative Agent shall have received a fully executed copy hereof
and of each other document required hereunder. 

  
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	 	(b)	All necessary consents and approvals to this Amendment shall have been obtained. 

 

	 	(c)	After giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing. 

 

	 	(d)	After giving effect to this Amendment, the representations and warranties herein and in the Credit Agreement and the other Loan Documents shall be true and correct in
all respects on and as of the date hereof, as though made on such date (except to the extent that such representations and warranties relate solely to an earlier date). 

 

	 	(e)	All other documents and legal matters in connection with the transactions contemplated by this Amendment shall have been delivered, executed, or recorded and shall be
in form and substance satisfactory to the Administrative Agent, in its sole discretion. 

 4. Representations
and Warranties. The Borrower hereby represents and warrants to the Administrative Agent and the Lenders as follows: 
 (a) It
(i) is duly organized and existing and in good standing under the laws of the jurisdiction of its organization, (ii) is qualified to do business in any state where the failure to be so qualified reasonably could be expected to have a
Material Adverse Effect on the Borrower or its business, and (iii) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan
Documents to which it is a party and to carry out the transactions contemplated thereby. 
 (b) The execution, delivery, and
performance by it of this Amendment and the performance by it of each Loan Document to which it is or will be a party (i) have been duly authorized by all necessary action (ii) do not and will not (A) violate any material provision of
federal, state or local law, rule or regulation, or any order, judgment, decree, writ, injunction or award of any arbitrator, court or Governmental Authority finding on it or its Subsidiaries, the governing documents of it or its Subsidiaries, or
any order, judgment or decree of any court or other Governmental Authority binding on it or its Subsidiaries, (B) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any material
Contractual Obligation of it or its Subsidiaries, except to the extent that any such conflict, breach or default could not individually or in the aggregate reasonably be expected to have a Material Adverse Effect on the Borrower or its business,
(C) result in or require the creation or imposition of any Lien of any nature whatsoever upon any properties or assets of any Group Member, other than permitted Liens, or (D) require any approval of any Group Member’s interest holders
or any approval or consent of any Person under any material Contractual Obligation of any Group Member, other than consents or approvals that have been obtained and that are still in force and effect and except, in the case of material Contractual
Obligations, for consents or approvals, the failure to obtain could not individually or in the aggregate reasonably be expected to have a Material Adverse Effect on the Borrower or its business. 

  
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 (c) No authorization or approval or other action by, and no notice to or filing with, a
Governmental Authority is required in connection with the due execution, delivery and performance by it of this Amendment or any other Loan Document to which it is or will be a party. 

(d) This Amendment is, and each other Loan Document to which it is or will be a party, when executed and delivered by each Person that is
a party thereto, will be the legally valid and binding obligation of such Person, enforceable against such Person in accordance with its respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally. 
 (e) No injunction, writ,
restraining order, or other order of any nature prohibiting, directly or indirectly, the consummation of the transactions contemplated herein has been issued and remains in force by any Governmental Authority against any Group Member. 

(f) The representations and warranties set forth in this Amendment, the Credit Agreement, as amended by this Amendment and after giving
effect hereto, and the other Loan Documents to which it is a party are true and correct in all respects on and as of the date hereof, as though made on such date (except to the extent that such representations and warranties relate solely to an
earlier date). 
 (g) This Amendment has been entered into without force or duress, of the free will of the Borrower, and the
decision of the Borrower to enter into this Amendment is a fully informed decision and the Borrower is aware of all legal and other ramifications of each decision. 
 (h) The Borrower has read and understands this Amendment, has consulted with and been represented by independent legal counsel of its own choosing in negotiations for and the preparation of this
Amendment, has read this Amendment in full and final form, and has been advised by its counsel of its rights and obligations hereunder and thereunder. 
 5. Ratification of Collateral Information Certificate. Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and disclosures contained in a certain Collateral Information
Certificate delivered by the Borrower to the Administrative Agent on the date hereof, and acknowledges, confirms and agrees the disclosures and information Borrower provided to Administrative Agent in said Collateral Information Certificate have not
changed, as of the date hereof. 
 6. Payment of Costs and Fees. The Borrower shall pay to the Administrative Agent and
each Lender all reasonable costs, out-of-pocket expenses, and fees and charges of every kind in connection with the preparation, negotiation, execution and delivery of this Amendment and any documents and instruments relating hereto. In addition
thereto, the Borrower agrees to reimburse the Administrative Agent and each Lender on demand for its reasonable costs arising out of this Amendment and all documents or instruments relating hereto (which costs include, without limitation, the
reasonable fees and expenses of any attorneys retained by the Administrative Agent or any Lender). 

  
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 7. Release by Group Members. The Borrower hereby acknowledges and agrees that as of
the date hereof to the knowledge of the Borrower, the Borrower has no offsets, defenses, claims, or counterclaims against the Administrative Agent or any Lender with respect to the Obligations, or otherwise, and that if the Borrower now has, or ever
did have, any offsets, defenses, claims, or counterclaims against the Administrative Agent or any Lender, whether known or unknown, at law or in equity, all of them are hereby expressly WAIVED and Borrower hereby RELEASES the Administrative Agent
and each Lender from any liability thereunder. 
 8. Choice of Law. This Amendment and the rights of the parties
hereunder, shall be determined under, governed by, and construed in accordance with the laws of the State of New York. 
 9.
Amendments. This Amendment cannot be altered, amended, changed or modified in any respect or particular unless each such alteration, amendment, change or modification shall have been agreed to by each of the parties and reduced to writing in
its entirety and signed and delivered by each party. 
 10. Counterpart Execution. This Amendment may be executed in any
number of counterparts, all of which when taken together shall constitute one and the same instrument, and any of the parties hereto may execute this Amendment by signing any such counterpart. Delivery of an executed counterpart of this Amendment by
telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Amendment. Any party delivering an executed counterpart of this Amendment by telefacsimile or other
electronic method of transmission also shall deliver an original executed counterpart of this Amendment, but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment.

 11. Effect on Loan Documents. 
 (a) The Credit Agreement, as amended hereby, and each of the other Loan Documents shall be and remain in full force and effect in accordance with their respective terms and hereby are ratified and
confirmed in all respects. The execution, delivery, and performance of this Amendment shall not operate, except as expressly set forth herein, as a modification or waiver of any right, power, or remedy of the Administrative Agent or any Lender under
the Credit Agreement or any other Loan Document. The consents, modifications and other agreements herein are limited to the specifics hereof (including facts or occurrences on which the same are based), shall not apply with respect to any facts or
occurrences other than those on which the same are based, shall not excuse any non-compliance with the Loan Documents, and shall not operate as a consent or waiver to any matter under the Loan Documents. Except for the amendments to the Credit
Agreement expressly set forth herein, the Credit Agreement and other Loan Documents shall remain unchanged and in full force and effect. The execution, delivery and performance of this Amendment shall not operate as a waiver of or, except as
expressly set 

  
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forth herein, as an amendment of, any right, power or remedy of the Lenders in effect prior to the date hereof. The amendments, consents, modifications and other agreements set forth herein are
limited to the specifics hereof, shall not apply with respect to any facts or occurrences other than those on which the same are based, and except as expressly set forth herein, shall neither excuse any future non-compliance with the Credit
Agreement, nor operate as a waiver of any Default or Event of Default. 
 (b) Upon and after the Amendment Closing Date, each
reference in the Credit Agreement to “this Agreement”, “hereunder”, “herein”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the
Credit Agreement”, “thereunder”, “therein”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified and amended hereby. 

(c) This Amendment is a Loan Document. 
 (d) Unless the context of this Amendment clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and
“including” are not limiting, and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or”. 
 12. Entire Agreement. This Amendment, and terms and provisions hereof, the Credit Agreement and the other Loan Documents constitute the entire understanding and agreement between the parties hereto
with respect to the subject matter hereof and supersedes any and all prior or contemporaneous amendments or understandings with respect to the subject matter hereof, whether express or implied, oral or written. 

13. Integration. This Amendment, together with the other Loan Documents, incorporates all negotiations of the parties hereto with
respect to the subject matter hereof and is the final expression and agreement of the parties hereto with respect to the subject matter hereof. 
 14. Reaffirmation of Obligations. The Borrower hereby reaffirms its obligations under each Loan Document to which it is a party. The Borrower hereby further ratifies and reaffirms the validity and
enforceability of all of the Liens heretofore granted, pursuant to and in connection with the Collateral Agreement or any other Loan Document to the Administrative Agent on behalf and for the benefit of the Lenders and the Issuing Lender, as
collateral security for the obligations under the Loan Documents in accordance with their respective terms, and acknowledges that all of such Liens, and all collateral heretofore pledged as security for such obligations, continues to be and remain
collateral for such obligations from and after the date hereof. 
 15. Ratification. The Borrower hereby restates,
ratifies and reaffirms each and every term and condition set forth in the Credit Agreement and the Loan Documents effective as of the date hereof and as amended hereby. 

  
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 16. Severability. In case any provision in this Amendment shall be invalid, illegal
or unenforceable, such provision shall be severable from the remainder of this Amendment and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written. 

 

			
	BORROWER
	
	ENERNOC, INC.
		
	By:    	 	 /s/ Kevin Bligh

		 	Name: Kevin Bligh
		 	Title: Chief Accounting Officer
	
	ENOC SECURITIES CORPORATION
		
	By:    	 	 /s/ Kevin Bligh

		 	Name: Kevin Bligh
		 	Title: Treasurer

  
 [Signature
Page to Second Amendment to Amended and Restated Credit Agreement] 

 
			
	SILICON VALLEY BANK,
	as Administrative Agent, Issuing Lender and as a Lender
		
	By:    	 	 /s/ Philip T. Silvia III

		 	Name: Philip T. Silvia III
		 	Title: Director

  
 [Signature
Page to Second Amendment to Amended and Restated Credit Agreement]EX-10.1

 Exhibit 10.1 
 OREXIGEN THERAPEUTICS, INC. 
 AMENDMENT NO. 4 TO AMENDED AND RESTATED
EMPLOYMENT AGREEMENT 
 FEBRUARY 15, 2013 

Reference is made to the AMENDED AND RESTATED EMPLOYMENT
AGREEMENT (the “Agreement”) dated February 22, 2010 by and between OREXIGEN THERAPEUTICS, INC. (“Orexigen” or
the “Company”) with its principal place of business located at 3344 N. Torrey Pines Ct., Suite 200, La Jolla, CA 92037 and MARK BOOTH (“Executive”),
AMENDMENT NO. 1 TO THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT dated June 14,
2011 (the “First Amendment”), AMENDMENT NO. 2 TO THE AMENDED AND RESTATED EMPLOYMENT
AGREEMENT dated November 1, 2011 (the “Second Amendment”), and AMENDMENT NO. 3 TO THE AMENDED
AND RESTATED EMPLOYMENT AGREEMENT dated March 15, 2012 (the “Third Amendment”). All capitalized terms used herein and not otherwise defined
shall have the meanings assigned to such terms in the Agreement. 
 WHEREAS, the parties
desire to supersede and replace in full the First Amendment, the Second Amendment, and the Third Amendment, and to amend certain terms of the Agreement in accordance with the terms hereof (this “Fourth Amendment”).

 NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged by the parties, the parties hereto, intending to be legally bound, agree to amend the Agreement as follows: 
  

	1.	Article II, Section 2.1 of the Agreement shall be amended and restated in its entirety as follows: 

“Position and Duties. Subject to terms set forth herein, the Company agrees to continue to employ Executive,
on either a Part-Time Basis or a Modified Part-Time Basis (as those terms are defined below), in the position of Chief Commercial Officer and Executive hereby accepts such continued employment. Executive shall perform such duties as are customarily
associated with the position of Chief Commercial Officer, on either a Part-Time Basis or a Modified Part-Time Basis (as applicable), and such other duties as are assigned to Executive by the Chief Executive Officer and/or President of the Company.
Subject to the terms of this Agreement, the Company may change Executive’s duties, responsibilities, title, and reporting relationship at its discretion. During the term of Executive’s continued employment with the Company, and subject to
Section 2.2 of the Agreement, effective February 22, 2012, Executive will devote Executive’s best efforts and four (4) days (equal to an eight (8) hour day) per week to the business of the Company (the “Part-Time
Basis”); provided that, the Chief Executive Officer and/or President of the Company has the discretion to modify Executive’s Part-Time Basis schedule based on the nature of Executive’s work assignments and the business
needs of the Company (the “Modified Part-Time Basis”). Notwithstanding the foregoing, it is agreed and understood that Executive shall be allowed to participate on the boards of directors of two companies and Executive may
serve on other boards of directors and provide other consulting and/or business services for other companies during his employment with the Company, with prior written notice given to, and the consent of, the Chief Executive Officer. Executive shall
not be required to relocate his principal residence from Lake Forest, Illinois.” 

	2.	Article III, Section 3.1 of the Agreement shall be amended and restated in its entirety as follows: 

“Base Salary. Executive shall receive for services to be rendered hereunder an annual base salary of $370,000,
prorated accordingly to reflect Executive’s Part-Time Basis schedule or Modified Part-Time Basis schedule (as applicable) (the “Amended Base Annual Salary”), less required deductions and withholdings, payable on the
regular payroll dates of the Company.” 
  

	3.	Article III, Section 3.2 of the Agreement shall be amended and restated in its entirety as follows: 

“Annual Bonus. In addition to the Amended Base Annual Salary, during each calendar year Executive will be
eligible for an annual performance bonus, equal to up to 50% of the Amended Base Annual Salary then in effect as of the last day of the calendar year to which such Amended Annual Bonus relates, and which is 100% based upon the achievement of
Executive’s performance goals and objectives (“Amended Annual Bonus”). The Compensation Committee of the Company’s Board shall determine in its sole discretion whether any such bonus has been earned and, if so, the
amount of any such bonus. Executive must be an employee in good standing at the time the Compensation Committee decides to award the Amended Annual Bonus and, if Executive leaves the Company at any time and for any reason prior to such date, he will
not be eligible to receive such a bonus or any pro-rata portion of such bonus. Such Amended Annual Bonus shall be evaluated and paid no later than December 31 of the calendar year following the calendar year to which such Amended Annual Bonus
relates.” 
  

	4.	Article III, Section 3.3 of the Agreement shall be amended and restated in its entirety as follows: 

“Vacation and Paid Time Off. Executive shall be entitled to 20 business days of paid vacation each year,
accruing on a monthly basis, prorated accordingly to reflect Executive’s Part-Time Basis schedule or Modified Part-Time Basis schedule (as applicable). Executive shall also be entitled to 8 paid holidays each year.” 

 

	5.	Article IV, Section 4.1 of the Agreement shall be amended and restated in its entirety as follows: 

“Term Limitation for Severance and Change in Control Benefits. The term for the Severance Benefits and Change
in Control Benefits provided for in this Article IV herein shall commence on the Effective Date and shall continue through March 31, 2016 (the “Expiration Date”). If this Article IV is not amended or renewed by the Compensation
Committee of the Company’s Board prior to the Expiration Date, this Article IV (including Executive’s right to receive the Severance Benefits and Change in Control Benefits contained herein), shall terminate automatically on such
Expiration Date; provided, however, that if this Article IV terminates pursuant to this Section 4.1, the remainder of this Agreement will remain in full force and effect. 

 

	6.	Article IV, Section 4.2(a) of the Agreement shall be amended and restated in its entirety as follows: 

“Cash Severance. The Company shall make a single lump sum severance payment to Executive in an amount equal to
$370,000, less required tax 

 
withholdings and deductions (the “Severance Payment”). The Severance Payment will be paid within sixty (60) days after the Termination Date, but in no event later
than March 15 of the year following the year of termination.” 
  

	7.	Article IV, Section 4.3(a) of the Agreement shall be amended and restated in its entirety as follows: 

“Cash Severance. The Company shall make a single lump sum severance payment to Executive in an amount equal to
$370,000, multiplied by one point five (1.5), less required tax withholdings and deductions (the “Change in Control Payment”). The Change in Control Payment will be paid within sixty (60) days after the
Termination Date, but in no event later than March 15 of the year following the year of termination.” 
  

	8.	Article IV, Section 4.4 of the Agreement shall be amended and restated in its entirety as follows: 

“Other Compensation and Benefits. If: (i) the Company terminates Executive’s employment for
Cause or as a result of his death or disability, or (ii) if Executive resigns his employment at any time, except as a result of a Constructive Termination during the Change in Control Period, then this Agreement shall automatically
terminate (except for Article V and Article VII, which shall continue in effect), and upon such termination, the Company shall have no further obligation to Executive, his spouse or estate, except that the Company shall pay to Executive the amount
of his Amended Base Annual Salary, and unused vacation pay, accrued to the date of such termination.” 
  

	9.	The parties agree that the adjustments in Executive’s duties, responsibilities and level of compensation as detailed in this Fourth Amendment (the
“Employment Adjustments”), do not constitute and/or trigger a “Constructive Termination” as defined in Section 1.6 of the Agreement, and Executive acknowledges and agrees that he is not entitled to or eligible
for any benefits (severance related or otherwise) as a result of the Employment Adjustments. 

  

	10.	This Fourth Amendment supersedes and replaces in full the First Amendment, the Second Amendment and the Third Amendment. This Fourth Amendment, along with the
Agreement, represents the complete and entire understanding between the parties regarding the subject matter hereof and supersedes all prior negotiations, representations or agreements, either written or oral, regarding this subject matter. The
Agreement and this Fourth Amendment cannot be modified or amended except in a writing signed by an appropriate officer of the Company and Executive. 

  

	11.	This Fourth Amendment and the rights and obligations of the parties hereunder shall be governed by the laws of the State of California, without regard to the conflicts
of law provisions thereof. 

  

	12.	This Fourth Amendment may be executed in multiple counterparts, each of which shall be deemed an original, but both of which together shall constitute one and the same
instrument. 

  

	13.	Except for the matters set forth in this Fourth Amendment, all other terms of the Agreement shall remain unchanged and in full force and effect.

 [Signature Page to Follow] 

 IN WITNESS WHEREOF, the
parties hereto have duly executed this Fourth Amendment as of the date set forth above. 
  

			
	OREXIGEN THERAPEUTICS, INC.
		
	By:	 	 /s/ Michael A. Narachi

	Name: Michael A. Narachi
	Title: President and Chief Executive Officer

  

	
	Accepted and agreed:
	
	 /s/ Mark Booth

	MARK BOOTH

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