Document:

cafd-ex102_7.htm

 

Exhibit 10.2

AMENDMENT AND WAIVER TO RIGHT OF FIRST OFFER AGREEMENT

This Amendment and Waiver to the Right of First Offer Agreement, dated as of March 28, 2016 (this “Waiver Agreement”), is made and entered into by and between 8point3 Operating Company, LLC, a Delaware limited liability company (the “Operating Company”), and First Solar, Inc., a Delaware corporation (the “Sponsor”).

RECITALS

WHEREAS, the Operating Company and the Sponsor are parties to that certain Right of First Offer Agreement, dated as of June 24, 2015 (the “ROFO Agreement”);

WHEREAS, pursuant to the ROFO Agreement, and subject to the terms and conditions set forth therein, the Sponsor granted to the Operating Company an exclusive right of first offer to acquire the ROFO Assets, including the 300 MW Desert Stateline Solar Facility located in San Bernardino County, California (the “Project”);

WHEREAS, FSAM DS Holdings, LLC (“FSAM DS”), a wholly-owned Subsidiary of the Sponsor, owns 100% of the class B limited liability company membership interests (the “Class B Interests”) in Desert Stateline Holdings, LLC (“Stateline Holdings”), which indirectly owns 100% of the Project;

WHEREAS, the Sponsor desires to cause FSAM DS to offer a portion of the Class B Interests or the rights associated therewith (provided such offered interests or rights do not entitle the owner thereof to more than twenty-four percent (24%) of the cash distributions of Stateline Holdings) to a Third Party (the “Transferred Rights”) and to negotiate and enter into an agreement for the sale or transfer of all or a portion of such Transferred Rights (the “Transaction”);

WHEREAS, in order to permit the Sponsor to pursue and consummate the Transaction, the Sponsor desires for the Operating Company to waive certain provisions of the ROFO Agreement and, in connection with such waiver, the Sponsor and the Operating Company desire to amend certain provisions of the ROFO Agreement (in each case, as set forth below); and

WHEREAS, (a) the Conflicts Committee (the “Conflicts Committee”) of the Board of Directors (the “Board of Directors”) of 8point3 General Partner, LLC, a Delaware limited liability company and the general partner (“General Partner”) of 8point3 Energy Partners LP, a Delaware limited partnership (the “Partnership”) and the managing member of the Operating Company, has, based on the belief of the members of the Conflicts Committee that the consummation of the transactions contemplated hereby on the terms and conditions set forth in this Waiver Agreement are in the best interests of the Partnership Group (as defined in the Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of June 24, 2015 (the “Partnership Agreement”)), unanimously approved the transactions contemplated hereby and such approval constituted “Special Approval” for purposes of the Partnership Agreement, (b) the Conflicts Committee has unanimously recommended that the Board of Directors approve the transactions contemplated hereby, and (c) subsequently, the Board of Directors has approved the transactions contemplated hereby.

 

 

 

NOW, THEREFORE, in consideration of the mutual covenants set forth in this Waiver Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

1.01Definitions. Capitalized terms not otherwise defined herein shall have the meanings given to such terms in the ROFO Agreement. 

1.02Waiver and Agreement. The Operating Company hereby:

(a)waives its right of first offer and all of its other rights arising under the ROFO Agreement, including Sections 2.1 and 2.2 thereof (collectively, the “ROFO Rights”), with respect to the Transferred Rights; 

(b)agrees that the Transaction shall not constitute a “Sale” for purposes of the ROFO Agreement; provided that, following the consummation of the Transaction, FSAM DS shall continue to own Class B Interests entitling it to not less than twenty-five percent (25%) of the cash distributions of Stateline Holdings; and

(c)(i) agrees that any negotiations by the Sponsor or its Affiliate with any Third Party in respect of the Transaction prior to the date hereof shall not have constituted a breach or default under any provision of the ROFO Agreement, including Section 2.1 thereof, and (ii) waives and discharges the Sponsor and its Representatives from any and all claims arising out of the ROFO Agreement in connection with such negotiations.

1.03Amendment. Annex A of the ROFO Agreement is hereby amended by adding the following rows at the bottom of the table set forth therein:

 

 

	
Switch Station 1
	
Nevada
	
100

	
Switch Station 2
	
Nevada
	
79

1.04Limitation. The foregoing waiver, amendment and modification are effective only in the specific instances and for the specific purposes for which they are given, and no other provisions of the ROFO Agreement are waived, amended or modified in any way other than as provided herein.  Except as otherwise expressly provided or contemplated by this Waiver Agreement, all of the terms, conditions and provisions of the ROFO Agreement remain unaltered and in full force and effect and are hereby ratified and confirmed. 

1.05Additional Agreements. Notwithstanding any provision of the ROFO Agreement, the Sponsor and the Operating Company hereby agree as follows:

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(a)without the prior written consent of the Operating Company, (i) the Sponsor shall not provide a Transaction Notice with respect to the Project to the Operating Company prior to October 1, 2016, and (ii) at all times prior to January 1, 2017, any Transaction Notice with respect to the Project provided by the Sponsor shall either (A) address a sale of fifty percent (50%) of the Class B Interests or (B) afford the Operating Company the option to purchase either (I) fifty percent (50%) of the Class B Interests or (II) one hundred percent (100%) of the Class B Interests, in each case, then owned, directly or indirectly, by the Sponsor (whether or not any Transaction shall have been consummated);  

(b)prior to January 1, 2017, if the Sponsor delivers a Transaction Notice in respect of fifty percent (50%) of the Class B Interests (in accordance with Section 1.05(a)(ii)(A)):

(i)in the event the Operating Company elects to engage in negotiations to purchase such Class B Interests:  (A) the Operating Company shall be required to consummate such purchase, directly or indirectly, on or before the later to occur of (x) December 31, 2016 and (y) the date that is forty-five (45) days after delivery of such Transaction Notice by the Sponsor; and (B) following the expiration of such period, the Class B Interests addressed in such Transaction Notice shall cease to be subject to the ROFO Rights; or

(ii)in the event the Operating Company elects not to engage in negotiations to purchase such Class B Interests, the Class B Interests addressed in such Transaction Notice shall immediately cease to be subject to the ROFO Rights;

provided, in each case, the Class B Interests not subject to such Transaction Notice shall remain subject to the ROFO Rights;

(c)prior to January 1, 2017, if the Sponsor delivers a Transaction Notice which affords the Operating Company the option to purchase either (1) fifty percent (50%) of the Class B Interests or (2) one hundred percent (100%) of the Class B Interests, in either case, owned, directly or indirectly, by the Sponsor (in accordance with Section 1.05(a)(ii)(B)):

(i)in the event the Operating Company elects to engage in negotiations to purchase fifty percent (50%) of the Class B Interests:  (A) the fifty percent (50%) of the Class B Interests which the Operating Company has elected not to purchase shall immediately cease to be subject to the ROFO Rights; (B) the Operating Company shall be required to consummate such purchase, directly or indirectly, on or before the later to occur of (x) December 31, 2016 and (y) the date that is forty-five (45) days after delivery of such Transaction Notice by the Sponsor, and (B) following the expiration of such period, the fifty percent (50%) of the Class B Interests which the Operating Company has elected to purchase shall cease to be subject to the ROFO Rights;

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(ii)in the event the Operating Company elects to engage in negotiations to purchase one hundred percent (100%) of the Class B Interests:  (A) the Operating Company shall be required to consummate such purchase, directly or indirectly, on or before the later to occur of (x) December 31, 2016 and (y) the date that is forty-five (45) days after delivery of such Transaction Notice by the Sponsor, and (B) following the expiration of such period, one hundred percent (100%) of the Class B Interests owned, directly or indirectly, by the Sponsor shall cease to be subject to the ROFO Rights; or 

(iii)in the event the Operating Company elects not to engage in negotiations to purchase any Class B Interests in response to such Transaction Notice, one hundred percent (100%) of the Class B Interests owned, directly or indirectly, by the Sponsor shall immediately cease to be subject to the ROFO Rights; and

(d)without the prior written consent of the Operating Company, the Sponsor shall not provide a Transaction Notice to the Operating Company with respect to the 100 MW Switch Station 1 facility or the 79 MW Switch Station 2 facility, each located in Clark County, Nevada, prior to February 1, 2017.

1.06Representations and Warranties of the Sponsor. The Sponsor hereby represents and warrants to the Operating Company, as of the date hereof, as follows:

(a)The Sponsor has been duly formed and is validly existing and in good standing as a corporation under the Laws of the State of Delaware with all requisite corporate power and authority to own, lease or otherwise hold and operate its properties and assets and to carry on its business as presently conducted, except where the failure to have such power and authority would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on its ability to perform its obligations under this Waiver Agreement.

(b)The Sponsor (i) has all requisite corporate power and authority to execute and deliver this Waiver Agreement and to perform its obligations hereunder, and (ii) has taken all necessary corporate action to authorize the execution, delivery and performance of this Waiver Agreement.

(c)This Waiver Agreement has been duly and validly executed and delivered by the Sponsor and, assuming this Waiver Agreement has been duly and validly authorized, executed and delivered by the Operating Company, constitutes a legal, valid and binding obligation of the Sponsor, enforceable against the Sponsor in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar Laws relating to or affecting the enforcement of creditors’ rights in general and by general principles of equity.

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(d)The execution, delivery and performance of this Waiver Agreement by the Sponsor will not (i) conflict with or violate any provision of its certificate of incorporation or bylaws, (ii) constitute, with or without notice or the passage of time or both, a material violation, a material breach or default, create a material lien, conflict in any material respect with, or require any material consent or approval, or give rise to any material right of termination, modification, cancellation, prepayment, suspension, limitation, revocation, preemption, right of first refusal (or similar right to purchase) or acceleration under any material indenture, mortgage, chattel mortgage, deed of trust, lease, conditional sales contract, loan or credit arrangement to which the Sponsor is a party, or (iii) contravene, in any material respect, any material law. 

(e)The execution, delivery and performance of this Waiver Agreement by the Sponsor does not requires any material consent, approval, exemption, waiver, clearance, authorization, filing, registration or notification, of or to any Governmental Entity or other Person, except as has already been obtained, made or waived.

1.07Representations and Warranties of the Operating Company.  The Operating Company hereby represents and warrants to the Sponsor, as of the date hereof, as follows:

(a)The Operating Company has been duly formed and is validly existing and in good standing as a limited liability company under the Laws of the State of Delaware with all requisite limited liability company power and authority to own, lease or otherwise hold and operate its properties and assets and to carry on its business as presently conducted, except where the failure to have such power and authority would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on its ability to perform its obligations under this Waiver Agreement.

(b)The Operating Company (i) has all requisite limited liability company power and authority to execute and deliver this Waiver Agreement and to perform its obligations hereunder, and (ii) has taken all necessary limited liability company action to authorize the execution, delivery and performance of this Waiver Agreement.

(c)This Waiver Agreement has been duly and validly executed and delivered by the Operating Company and, assuming this Waiver Agreement has been duly and validly authorized, executed and delivered by the Sponsor, constitutes a legal, valid and binding obligation of the Operating Company, enforceable against the Operating Company in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar Laws relating to or affecting the enforcement of creditors’ rights in general and by general principles of equity.

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(d)The execution, delivery and performance of this Waiver Agreement by the Operating Company will not (i) conflict with or violate any provision of its certificate of formation or limited liability company agreement, (ii) constitute, with or without notice or the passage of time or both, a material violation, a material breach or default, create a material lien, conflict in any material respect with, or require any material consent or approval, or give rise to any material right of termination, modification, cancellation, prepayment, suspension, limitation, revocation, preemption, right of first refusal (or similar right to purchase) or acceleration under any material indenture, mortgage, chattel mortgage, deed of trust, lease, conditional sales contract, loan or credit arrangement to which such Person is a party, or (iii) contravene, in any material respect, any material Law. 

(e)The execution, delivery and performance of this Waiver Agreement by such Person does not requires any material consent, approval, exemption, waiver, clearance, authorization, filing, registration or notification, of or to any Governmental Entity or other Person, except as has already been obtained, made or waived.

1.08Facsimile; Counterparts. Any Party may deliver executed signature pages to this Waiver Agreement by facsimile transmission to the other Parties, which facsimile copy shall be deemed to be an original executed signature page.  This Waiver Agreement may be executed in one or more counterparts, each of which will be deemed an original, but all of which together will constitute a single instrument. 

1.09GOVERNING LAW. THIS WAIVER AGREEMENT SHALL IN ALL RESPECTS BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO PRINCIPLES OR RULES OF CONFLICT OF LAWS, TO THE EXTENT SUCH PRINCIPLES OR RULES WOULD PERMIT OR REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.  FOR THE AVOIDANCE OF DOUBT, IT IS INTENDED THAT 6 DEL. C. § 2708, WHICH PROVIDES FOR ENFORCEMENT OF DELAWARE CHOICE OF LAW WHETHER OR NOT THERE ARE OTHER RELATIONSHIPS WITH DELAWARE, SHALL APPLY.

[Remainder of Page Intentionally Left Blank; Signature Page Follows]

 

 

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IN WITNESS WHEREOF, each of the Parties has caused this Waiver Agreement to be executed and delivered in their names by their respective duly authorized officers or representatives.

 

	
First Solar, Inc.

	
 
	
 

	
By:
	
  
	
/s/ Alexander Bradley

	
 
	
 
	
Name:
	
Alexander Bradley

	
 
	
 
	
Title:
	
Vice President, Project Finance and Treasurer

 

	
8point3 Operating Company, LLC

	
 

	
By: 
	
 
	
8point3 Energy Partners LP, its managing member

	
 
	
 
	
 

	
By:
	
 
	
8point3 General Partner, LLC, its general partner

 

	
By:
	
 
	
/s/ Charles Boynton

	
 
	
  
	
Name:
	
Charles Boynton

	
 
	
 
	
Title:
	
CEO

 

 

[Amendment & Waiver to FS ROFO Agreement]neot-ex101_6.htm

Exhibit 10.1

SECOND AMENDMENT

THIS SECOND AMENDMENT (the “Second Amendment”) to Loan and Security Agreement, dated as of March 30, 2016 (the “Second Amendment Date”), is hereby entered into by and among Neothetics, Inc. (formerly known as Lithera, Inc., “Borrower”), the several banks and other financial institutions or entities from time to time parties to the Loan Agreement (as defined below) (“Lender”), and Hercules Capital, Inc. (formerly known as Hercules Technology Growth Capital, Inc., “Agent”), in its capacity as administrative agent for itself and the Lender.  Any of the parties named above may be referred to herein as a (“Party”) and collectively, as the (“Parties”). Any terms not specifically defined herein shall have the definition ascribed to them in the Loan Agreement and Warrant, as defined below.

RECITALS

A.Whereas, Lender and Borrower have entered into that certain Loan and Security Agreement dated June 11, 2014 (as amended from time to time, the “Loan Agreement”); 

B.Whereas, Borrower wishes to make a payment of principal in the amount of $5,514,057.72; and

C.Whereas, the Parties desire to amend the Loan Agreement in accordance with the terms of this Second Amendment.  Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Loan Agreement.  

AGREEMENT

NOW, THEREFORE, the Parties agree as follows: 

	
 
	
1.
	
Definitions.
	
 

(a)New Definitions.  The following definitions are hereby inserted alphabetically into Section 1.1, as follows: 

“Second Amendment Non-Renewable Facility Charge” means $50,000.

“Term Loan Pay-Down Amount” shall mean a prepayment of principal in the amount of $5,514,057.72 made on the Second Amendment Date;

(b)Amended Definitions.  The following definitions are hereby amended and restated in their entirety as follows:

“Amortization Date” means October 1, 2016, provided however, if the Interest Only Extension Conditions are satisfied, then April 1, 2017.

“Facility Charge” means $50,000.

 

 

“First Amendment Non-Renewable Facility Charge” means $25,000.

“Interest Only Extension Conditions” shall mean satisfaction of each of the following events:  (a) no default or Event of Default shall have occurred; and (b) Borrower shall have completed an equity financing in which the Borrower sells and issues shares of its capital stock resulting in aggregate gross proceeds to the Borrower raised on or after the Second Amendment Date of at least $5,000,000 on or before October 1, 2016.

“Maximum Term Loan Amount” means Four Million and No/100 Dollars ($4,000,000).

	
 
	
2.
	
All references to Agent’s prior name of Hercules Technology Growth Capital, Inc. shall be revised to reflect Agent’s amended name of Hercules Capital, Inc.

	
 
	
3.
	
Section 2.2(d) of the Loan Agreement is hereby amended in its entirety to read as follows:

2.2(d)  Payment.  Borrower will pay interest on each Term Loan Advance on the first business day of each month, beginning the month after the Second Amendment Date.  Borrower shall repay the aggregate Term Loan principal balance that is outstanding on the day immediately preceding the Amortization Date, in equal monthly installments of principal and interest (mortgage style) beginning on the Amortization Date and continuing on the first Business Day of each month thereafter, amortized over a 28-month schedule if the Amortization Date is October 1, 2016, or over a 22-month schedule if the Amortization Date is April 1, 2017.  The entire Term Loan principal balance and all accrued but unpaid interest hereunder, shall be due and payable on Term Loan Maturity Date, which such final payment shall include a balloon payment for any remaining principal balance and all remaining accrued but unpaid interest based on the applicable amortized schedule.  Borrower shall make all payments under this Agreement without setoff, recoupment or deduction and regardless of any counterclaim or defense. Lender will initiate debit entries to the Borrower’s account as authorized on the ACH Authorization (i) on each payment date of all periodic obligations payable to Lender under each Term Advance and (ii) out-of-pocket legal fees and costs incurred by Agent or Lender in connection with Section 11.11 of this Agreement.

4.Section 2.5 of the Loan Agreement is hereby amended in its entirety to read as follows:

2.5  Prepayment.  At its option upon at least seven (7) Business Days prior notice to Agent, Borrower may prepay all, but not less than all, of the outstanding Advances by paying the entire principal balance, all accrued and unpaid interest thereon, together with a prepayment charge equal to the following percentage of the Advance amount being prepaid: if such Advance amounts are prepaid in any of the first twelve (12) months following the Second Amendment Date, 3.0%; and thereafter, 2.0% (each, a “Prepayment Charge”).  Borrower agrees that the Prepayment Charge is a reasonable calculation of 

- 2 -

 

Lender’s lost profits in view of the difficulties and impracticality of determining actual damages resulting from an early repayment of the Advances.  Borrower shall prepay the outstanding amount of all principal and accrued interest through the prepayment date and the Prepayment Charge upon the occurrence of a Change in Control.  Notwithstanding the foregoing, Agent and Lender agree to waive the Prepayment Charge if Agent and Lender (in its sole and absolute discretion) agree in writing to refinance the Advances prior to the Maturity Date.

5.Section 7.14 of the Loan Agreement is hereby amended in its entirety to read as follows:

7.14Minimum Unrestricted Cash.  Borrower at all times shall maintain unrestricted Cash in Deposit Accounts subject to an Account Control Agreement of at least two (2) times the amount of principal then outstanding under the Term Loan.

6.Exhibits and Schedules.  Exhibit F and Schedule 1.1 are hereby amended restated in their entireties by the revised forms of Exhibit F and Schedule 1.1 attached to this Amendment and incorporated herein.

7.Effect of this Second Amendment.  The provisions of this Second Amendment shall be effective for all parties effective as of the Second Amendment Date.  Except as necessary to carry out the intent of this Second Amendment and as specifically modified pursuant hereto, no other changes or modifications to the Loan Agreement are intended or implied and in all other respects such documents shall continue to be and shall remain unchanged and in full force and effect in accordance with their respective terms, and are hereby specifically ratified, reaffirmed and confirmed by all parties hereto as of the effective date hereof.  

8.Borrower represents and warrants that the representations and warranties contained in the Loan Agreement are true and correct in all material respects as of the date of this Second Amendment (except to the extent such representations and warranties contained in the Loan Agreement speak as of an earlier date in which case such representations and warranties are true and correct in all material respects as of such earlier date).

9.This Second Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument.

10.Conditions Precedent.  As a condition to the effectiveness of this Second Amendment, Agent shall have received, in form and substance satisfactory to Agent, the following:

(a)this Second Amendment fully executed by the Parties;

(b)a fully executed Warrant Modification Agreement;

 

(c)the Term Loan Pay-Down Amount;

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(d)the Prepayment Charge of $110,281.16 applicable with respect to the Term Loan Pay-Down Amount; 

(e)the Second Amendment Non-Renewable Facility Charge, which shall be deemed earned as of the Second Amendment Date; 

(f)an amount equal to all Agent’s expenses incurred through the Second Amendment Date; and

(g)such other documents, and completion of such other matters, as Agent may reasonably deem necessary or appropriate.

 

[Signature page follows]

 

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IN WITNESS WHEREOF, the Parties have executed this Second Amendment on the date first written above.

BORROWER:

NEOTHETICS, INC.

Signature:_/s/ Susan A. Knudson_____

Print Name:Susan A Knudson________

Title:CFO____________________

 

 

AGENT:

HERCULES CAPITAL, INC.

Signature:__/s/ Jennifer Choe________

Jennifer Choe, Assistant General Counsel

 

 

LENDER:

HERCULES TECHNOLOGY III, L.P.
a Delaware limited partnership

	
 
	
By:
	
Hercules Technology SBIC Management, LLC, its General Partner

	
 
	
By:
	
Hercules Capital, Inc., its Manager

	
 
	
By:
	
_/s/ Jennifer Choe_______________ 
Jennifer Choe, Assistant General Counsel

 

 

EXHIBIT F

COMPLIANCE CERTIFICATE

Hercules Capital, Inc. (as “Agent”)
400 Hamilton Avenue, Suite 310
Palo Alto, CA 94301

 

Reference is made to that certain Loan and Security Agreement dated June 11, 2014, as amended, and all ancillary documents entered into in connection with such Loan and Security Agreement all as may be amended from time to time, (hereinafter referred to collectively as the “Loan Agreement”) by and among Hercules Capital, Inc. (formerly known as Hercules Technology Growth Capital, Inc., the “Agent”), the several banks and other financial institutions or entities from time to time party thereto (collectively, the “Lender”) and Hercules Capital, Inc., as agent for the Lender (the “Agent”) and Neothetics, Inc. (the “Company”) as Borrower. All capitalized terms not defined herein shall have the same meaning as defined in the Loan Agreement.

The undersigned is an Officer of the Company, knowledgeable of all Company financial matters, and is authorized to provide certification of information regarding the Company; hereby certifies that in accordance with the terms and conditions of the Loan Agreement, the Company is in compliance for the period ending ___________ of all covenants, conditions and terms and hereby reaffirms that all representations and warranties contained therein are true and correct on and as of the date of this Compliance Certificate with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, after giving effect in all cases to any standard(s) of materiality contained in the Loan Agreement as to such representations and warranties.  Attached are the required documents supporting the above certification.  The undersigned further certifies that these are prepared in accordance with GAAP (except for the absence of footnotes with respect to unaudited financial statement and subject to normal year end adjustments) and are consistent from one period to the next except as explained below.

			
	
REPORTING REQUIREMENT
	
REQUIRED
	
CHECK IF ATTACHED

	
Interim Financial Statements 
	
Monthly within 30 days
	
 

	
Interim Financial Statements 
	
Quarterly within 30 days
	
 

	
Audited Financial Statements 
	
FYE within 150 days
	
 

	
 
	
 
	
 

 

 

				
				
	
FINANCIAL COVENANT

 
	
 
	
Outstdg Principal
	
Unrestricted Cash

	
Minimum Unrestricted Cash
	
2x principal outstanding under the Term Loan
	
$______
	
$________

 

Very Truly Yours,

 

NEOTHETICS, INC.

 

By:  ____________________________

Name:  _____________________________

Its:  ____________________________

 

 

SCHEDULE 1.1

COMMITMENTS

		
	
LENDER
	
TERM COMMITMENT

	
HERCULES TECHNOLOGY III, L.P.
	
$4,000,000

	
TOTAL COMMITMENTS
	
$4,000,000

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