Document:

Loan and Security Agreement

 Exhibit 10.1 
 AMENDMENT NO. 1 TO LOAN AND SECURITY AGREEMENT 
 as of April 22, 2011

 Wells Fargo Bank, National Association, as Agent 
 110 East Broward Boulevard, Suite 1100 
 Ft. Lauderdale, Florida 33301 

Ladies and Gentlemen: 
 WELLS
FARGO BANK, NATIONAL ASSOCIATION, in its capacity as agent (in such capacity, “Agent”) pursuant to the Loan Agreement (as hereinafter defined) acting for and on behalf of the parties thereto as lenders, and the parties to the Loan
Agreement as lenders (individually, each a “Lender” and collectively, “Lenders”) have entered or are about to enter into financing arrangements pursuant to which Agent and Lenders may make loans and advances and provide other
financial accommodations to LIGHTING SCIENCE GROUP CORPORATION, a Delaware corporation (“Lighting Science”), as set forth in the Loan and Security Agreement, dated of even date herewith, by and among Lighting Science, the other Borrowers
(as defined in the Loan Agreement), BIOLOGICAL ILLUMINATION, LLC, a Delaware limited liability company (“Biological”), LSGC, LLC, a Delaware limited liability company (“LSGC”, and together with Biological and any other Person
that at any time after the date hereof becomes a Guarantor, each individually a “Guarantor” and collectively, “Guarantors”), Agent and Lenders (as the same now exists or may hereafter be amended, modified, supplemented, extended,
renewed, restated or replaced, the “Loan Agreement”), and the other agreements, documents and instruments referred to therein or at any time executed and/or delivered in connection therewith or related thereto, including, but not limited
to, this letter agreement (all of the foregoing, together with the Loan Agreement, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, being collectively referred to herein as the
“Financing Agreements”). Capitalized terms not otherwise defined herein shall have the respective meanings ascribed thereto in the Loan Agreement. 
 Borrowers and Guarantors have requested that Agent and Lenders make certain amendments to the Loan Agreement and other Financing Agreements as set forth herein, which Agent and Lenders are willing to do
subject to the terms and conditions set forth in this Amendment No. 1 to Loan and Security Agreement (“Amendment No. 1”). 
 The parties hereto wish to enter into this Amendment No. 1 to evidence and effectuate such amendments and certain other agreements relating thereto, in each case subject to the terms and conditions
and to the extent set forth herein. 
 In consideration of the premises and covenants set forth herein and other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1.
Interpretation. All capitalized terms used herein shall have the meanings assigned thereto in the Loan Agreement and the other Financing Agreements, unless otherwise defined herein. 

 2. Amendments to Loan Agreement. 

(a) Additional Definitions. As used herein, the following terms shall have the meanings given to them below, and the Loan
Agreement and the other Financing Agreements are hereby amended to include, in addition and not in limitation, the following definitions: 
 “Amendment No. 1 to Loan Agreement” shall mean Amendment No. 1 to Loan and Security Agreement, dated as of April 22, 2011, by and among Borrowers, Guarantors, Agent and the
Lenders, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 

“Minimum Qualified Cash” shall mean $5,000,000. 
 (b) Amendments. 
 (i) Financial Covenant Trigger Event. The
definition of “Financial Covenant Trigger Event”, as set forth in Section 1.74 of the Loan Agreement, is hereby amended and restated in its entirety as follows: 
 “1.74 “Financial Covenant Trigger Event” shall mean, if Excess Availability (calculated without regard to the Maximum Credit) minus the Minimum Qualified Cash is less than $2,000,000 for
any period of three (3) consecutive Business Days; provided, that, any such Financial Covenant Trigger Event shall cease to exist to the extent that Excess Availability (calculated without regard to the Maximum Credit) minus the
Minimum Qualified Cash is greater than $2,000,000 for sixty (60) consecutive days.” 
 (ii) Maximum Credit. The
definition of “Maximum Credit”, as set forth in Section 1.107 of the Loan Agreement, is hereby amended and restated in its entirety as follows: 
 “1.107 “Maximum Credit” shall mean the amount of $25,000,000.” 

(iii) Unused Line Fee. Section 3.2(a) of the Loan Agreement is hereby amended and restated in its entirety as follows:

 “(a) Borrowers shall pay to Agent, for the account of Lenders, monthly an unused line fee at a rate equal to the
Applicable ULF Rate (on a per annum basis) calculated upon the amount by which the Maximum Credit exceeds the average daily principal balance of the outstanding Revolving Loans and Letters of Credit during the immediately preceding month (or part
thereof) while this Agreement is in effect and for so long thereafter as any of the Obligations are outstanding, which fee shall be payable on the first day of each month in arrears.” 

  
 2 

 (iv) Minimum Excess Availability. Section 9.17(b) of the Loan Agreement is
hereby amended and restated in its entirety as follows: 
 “(b) Minimum Excess Availability. At all times, Borrowers
and Guarantors shall maintain, on a consolidated basis, Excess Availability (calculated without regard to the Maximum Credit and, for the avoidance of doubt, inclusive of the Minimum Qualified Cash) of not less than $5,000,000.” 

(v) Minimum Qualified Cash. Section 9.17 of the Loan Agreement is hereby amended by adding the following new subsection
(d) at the end thereof: 
 “(d) Minimum Qualified Cash. At all times, Borrowers and Guarantors shall maintain,
on a consolidated basis, Qualified Cash of not less than the Minimum Qualified Cash.” 
 (vi) Schedule 9.17(a) - Minimum
EBITDA. Schedule 9.17(a) to the Loan Agreement is hereby amended and restated in its entirety as set forth on Exhibit A attached hereto. 
 3. Acknowledgment of Obligations, Security Interests and Financing Agreements. 
 (a) Acknowledgment of Obligations. Borrowers and Guarantors hereby acknowledge, confirm and agree that Borrowers are unconditionally indebted to Agent and Lenders as of the close of business on
April 21, 2011, in respect of the Loans and all other Obligations in the aggregate principal amount of not less than $9,677,630.44, together with interest accrued and accruing thereon, and all fees, costs, expenses and other sums and charges
now or hereafter payable by Borrowers to Agent and Lenders pursuant to the Loan Agreement and the other Financing Agreements, all of which are unconditionally owing by Borrowers to Agent and Lenders pursuant to the Financing Agreements, in each case
without offset, defense or counterclaim of any kind, nature or description whatsoever. 
 (b) Acknowledgment of Security
Interests. Borrowers and Guarantors hereby acknowledge, confirm and agree that Agent and Secured Parties have, and shall continue to have, valid, enforceable and perfected security interests in and liens upon the Collateral heretofore granted by
Borrowers and Guarantors to Agent and Secured Parties pursuant to the Financing Agreements or otherwise granted to or held by Agent and Secured Parties. 
 (c) Binding Effect of Financing Agreements. Borrowers and Guarantors hereby acknowledge, confirm and agree that: (i) each of the Financing Agreements to which Borrowers and Guarantors are a
party has been duly executed and delivered to Agent and Secured Parties by Borrowers and Guarantors, and each is in full force and effect as of the date hereof, (ii) the agreements and obligations of Borrowers and Guarantors contained in such
Financing Agreements to which they are a party and in this Agreement constitute the legal, valid and binding Obligations of Borrowers and Guarantors, enforceable against them in accordance with its terms, except as enforcement may be limited by
bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability, and Borrowers and Guarantors have no valid defense to the
enforcement of such Obligations, and (iii) Agent and Secured Parties is and shall be entitled to the rights, remedies and benefits provided for in the Financing Agreements and pursuant to applicable law, but subject to the terms and conditions
of this Agreement. 

  
 3 

 4. Representations, Warranties and Covenants. Each Borrower and Guarantor hereby represents, warrants
and covenants to Agent and Lenders the following (which shall survive the execution and delivery of this Amendment No. 1), the truth and accuracy of which are a continuing condition of the making of Loans to Borrowers: 

(a) this Amendment No. 1 and each other agreement or instrument to be executed and delivered by Borrowers and Guarantors in
connection herewith (collectively, together with this Amendment No. 1, the “Amendment Documents”) have been duly authorized, executed and delivered by all necessary corporate or limited liability company action (as applicable) on the
part of Borrowers and Guarantors which are a party hereto and thereto and, if necessary, their respective stockholders, as the case may be, and the agreements and obligations of Borrowers and Guarantors, as the case may be, contained herein and
therein constitute the legal, valid and binding obligations of Borrowers and Guarantors, enforceable against them in accordance with their terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws
relating to or affecting generally the enforcement of creditors’ rights and except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding
therefor may be brought; 
 (b) the execution, delivery and performance of the Amendment Documents (a) are all within
Borrowers’ and Guarantors’ respective corporate or limited liability company powers (as applicable), (b) are not in contravention of law or the terms of Borrowers’ or Guarantors’ certificate or articles of organization or
formation, operating agreement or other organizational documentation, or any indenture, agreement or undertaking to which Borrowers or Guarantors are a party or by which Borrowers or Guarantors or their respective property are bound and
(c) shall not result in the creation or imposition of any lien, claim, charge or encumbrance upon any of the Collateral, except in favor of Agent and Lender pursuant to the Loan Agreement and the other Financing Agreements as amended hereby;

 (c) all of the representations and warranties set forth in the Loan Agreement and the other Financing Agreements, each as
amended hereby, are true and correct in all material respects on and as of the date hereof, as if made on the date hereof, except to the extent any such representation or warranty is made as of a specified date, in which case such representation or
warranty shall have been true and correct as of such date; and 
 (d) no Default or Event of Default exists as of the date of
this Amendment No. 1. 
 5. Amendment and Fee. In addition to all other fees, charges, interest and expenses payable by Borrowers to
Agent and Lenders under the Loan Agreement and the other Financing Agreements, Borrowers shall pay to Agent for the account of the Lenders party hereto (to the extent and in accordance with the arrangements by and among the Lenders party hereto), an
amendment fee in the amount of $100,000, which fee shall be fully earned and payable on the date hereof. The foregoing fee may be charged to any loan account of Borrowers maintained by Agent. 
 6. Conditions Precedent. This Amendment No. 1 shall not become effective unless all of the following conditions precedent have been satisfied in full, as determined by Agent: 

(i) the receipt by Agent of an original (or faxed or electronic copy) of this Amendment No. 1, duly authorized, executed and
delivered by Borrowers, Guarantors, Agent and Lenders; 

  
 4 

 (ii) the receipt by Agent of the fee set forth in Section 5 above; and 

(iii) immediately prior, and immediately after giving affect to the amendments and agreements set forth herein, there shall exist no
Event of Default or event or condition which, with the giving of notice, passage of time, or both, would constitute an Event of Default. 
 7.
Additional Events of Default. Borrowers and Guarantors acknowledge, confirm and agree that the failure of any Borrower or Guarantor to comply with the covenants and agreements contained herein shall constitute an Event of Default under the
Financing Agreements. 
 8. Effect of this Amendment. Except as modified pursuant hereto, no other changes or modifications to the
Financing Arrangements are intended or implied and in all other respects the Financing Agreements are hereby specifically ratified, restated and confirmed by all parties hereto as of the effective date hereof. To the extent of conflict between the
terms of this Amendment No. 1 and the other Financing Agreements, the terms of this Amendment No. 1 shall control. The Loan Agreement and this Amendment No. 1 shall be read and construed as one agreement. 

9. Further Assurances. The parties hereto shall execute and deliver such additional documents and take such additional action as may be necessary
or desirable to effectuate the provisions and purposes of this Amendment No. 1. 
 10. Governing Law. The validity, interpretation
and enforcement of this Amendment No. 1 and any dispute arising hereunder, whether in contract, tort, equity or otherwise, shall be governed by the internal laws of the State of New York, but excluding any principles of conflicts of law or
other rule of law that would cause the application of the law of any jurisdiction other than the laws of the State of New York. 
 11.
Binding Effect. This Amendment No. 1 shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns. 
 12. Counterparts. This Amendment No. 1 may be executed in any number of counterparts, but all of such counterparts shall together constitute but one and the same agreement. In making proof of
this Amendment No. 1, it shall not be necessary to produce or account for more than one counterpart thereof signed by each of the parties hereto. Delivery of an executed counterpart of this Amendment No. 1 by telecopier or other electronic
method of communication shall have the same force and effect as delivery of an original executed counterpart of this Amendment No. 1. Any party delivering an executed counterpart of this Amendment No. 1 by telecopier or other electronic
method of communication also shall deliver an original executed counterpart of this Amendment No. 1, but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment
No. 1 as to such party or any other party. 
 [Remainder of Page Intentionally Left Blank] 

  
 5 

 By the signature hereto of their duly authorized officers, the parties hereto agree as set
forth herein. 
  

			
	Very truly yours,
	
	BORROWER:
	
	LIGHTING SCIENCE GROUP CORPORATION
		
	By:	 	 /s/ Gregory T. Kaiser

	Name:	 	Gregory T. Kaiser
	Title:	 	Chief Financial Officer
	
	GUARANTORS:
	
	BIOLOGICAL ILLUMINATION, LLC
		
	 By:
	 	 /s/ Fred Maxik

	 Name:
	 	Fred Maxik
	 Title:
	 	Manager
	
	LSGC, LLC, as Guarantor
		
	By:	 	Lighting Science Group Corporation, its sole member
		
	 By:
	 	 /s/ Gregory T. Kaiser

	 Name:
	 	Gregory T. Kaiser
	 Title:
	 	Assistant Secretary

 AGREED: 

AGENT AND LENDER: 
 WELLS FARGO BANK,
NATIONAL ASSOCIATION 
  

			
	By:	 	 /s/ Wanda Alvesto

	Name:	 	 Wanda Alvesto

	Title:	 	 Vice PresidentExchange Agreement

 Exhibit 10.2 
 Execution Version 
 EXCHANGE AGREEMENT 

THIS EXCHANGE AGREEMENT (this “Agreement”) is made effective as of April 27, 2011, by and between Lighting
Science Group Corporation, a Delaware corporation (the “Company”) and Koninklijke Philips Electronics N.V. (“Philips”). 
 WHEREAS, the Company has filed a registration statement for a public offering (the “Public Offering”) of shares of the Company’s common stock, par value $0.001 per
share (“Common Stock”), and intends to engage in the Public Offering as soon as reasonably practicable; 

WHEREAS, the Company’s current capital structure includes warrants to purchase 6,501,526 shares of Common Stock on the terms
set forth in that certain Warrant Agreement (the “Series D Warrant Agreement”), dated as of December 22, 2010, by and between the Company and American Stock Transfer & Trust Company, a New York corporation
(“Series D Warrants”); 
 WHEREAS, pursuant to that certain Stock Purchase, Exchange and
Recapitalization Agreement (the “Recapitalization Agreement”), dated as of September 30, 2010, by and among the Company, Pegasus Partners IV, L.P., a Delaware limited partnership (“Pegasus IV”),
LSGC Holdings LLC, a Delaware limited liability company, and LED Holdings, LLC, a Delaware limited liability company, the Company credited each of the holders of the Series D Warrants, including Philips, with an amount equal to all the Exercise
Price Accrual and LV Accrual (each as defined in Certificate of Designation for the Company’s Series D Preferred Stock as it existed upon execution of the Recapitalization Agreement) not otherwise distributed to the holders of Series D Warrants
(the “Accrual Credit”); 
 WHEREAS, the Company believes the number of outstanding Series D
Warrants and the related Accrual Credit are impediments to the successful completion of the Public Offering, and that it is in the best interests of the Company and its stockholders (other than Philips) to reduce the number of Series D Warrants
outstanding in order to facilitate the Public Offering; 
 WHEREAS, Philips beneficially owns a Series D Warrant to
purchase 5,330,482 shares of Common Stock (the “Exchange Warrant”), representing approximately 82% of the outstanding Series D Warrants and the accompanying Accrual Credit of $25,845,441; and 

WHEREAS, in order to facilitate the Public Offering, Philips is willing to exchange its Exchange Warrant and Accrual Credit for
shares of Common Stock on the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing
premises and the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, intending to be legally bound, the parties hereto agree as follows:

 1. Exchange of Exchange Warrant for Common Stock. Philips shall exchange the Exchange Warrant and all of its Accrual
Credit for 1,359,273 shares of Common Stock (the “Exchange Shares”). 

 2. Delivery of Certificates. On or prior to the date hereof, Philips shall deliver to
the Company, in accordance with this Agreement, evidence of ownership of the Exchange Warrant reasonably satisfactory to the Company. On or promptly following the date hereof, the Company shall deliver to Philips in accordance with this Agreement a
duly executed certificate representing the Exchange Shares. 
 3. Company Representations and Warranties. The Company
represents and warrants to Philips that as of the date hereof: 
 (a) The Company is a corporation duly
incorporated, validly existing and in good standing under the laws of the State of Delaware and has the requisite corporate power to own its properties and carry on its business as presently conducted. 

(b) The issuance, sale and delivery of the Exchange Shares in accordance with this Agreement has been duly authorized by
all necessary corporate action on the part of the Company. 
 (c) This Agreement constitutes the legal, valid and
binding obligation of the Company, enforceable against it in accordance with its terms, and the execution, delivery and performance of this Agreement by the Company does not conflict with, violate or cause a breach of (i) any provision of the
certificate of incorporation, bylaws or other organizational documents of the Company, (ii) any agreement, contract or instrument to which the Company is a party or (iii) any law, judgment, order or decree to which the Company is subject
or otherwise applicable to the Company. 
 (d) Capitalization 

 

	 	(i)	Schedule 3(d)(i) attached hereto sets forth a true, complete and correct listing, as of the date hereof (after giving effect to all of the transactions
contemplated by this Agreement) of all of the Company’s outstanding: (i) shares of Common Stock; (ii) shares of preferred stock (“Preferred Stock”), and (iii) securities convertible into or exchangeable or
exercisable for shares of Common Stock (the “Derivative Securities”), including the applicable exercise price of such Derivative Securities, other than any Derivative Securities issued pursuant to the Company’s Amended
and Restated Equity-Based Compensation Plan (the “Management Equity”). 

  

	 	(ii)	 Except for the Derivative Securities, any Management Equity and the Exchange Shares to be issued pursuant to this Agreement, no subscription, warrant,
option, convertible security, stock appreciation, preemptive right or other right (contingent or other) to purchase or acquire any shares of any class of capital stock of the Company or any of its Subsidiaries (as hereinafter defined) is authorized
or outstanding, and except for the Derivative Securities, the Management Equity, the Exchange Shares and the shares of Common Stock the Company expects to issue in conjunction with the Public Offering, there is not any commitment of the Company or
any of its Subsidiaries to issue any shares, warrants, options or other such 

  
 2 

	 	 
rights or to distribute to holders of any class of its capital stock, any evidences of indebtedness or assets. As used in this Agreement, “Subsidiary” means, with respect
to the Company, any corporation, association or other business entity of which more than 50% of the total voting power of shares of capital stock or other ownership interest entitled (without regard to the occurrence of any contingency) to vote in
the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by the Company or one or more of the other Subsidiaries of the Company or a combination thereof. 

(e) SEC Reports; Financial Statements 
  

	 	(i)	As of their respective filing dates, the most recent Form 10-K and Form 10-Q filed by the Company with the Securities and Exchange Commission (the
“SEC,” and such filings, the “Company SEC Documents”) complied in all material respects with the applicable requirements of the Securities Act of 1933, as amended (the “1933
Act”) and the Securities Exchange Act of 1934, as amended (the “1934 Act”), as the case may be, including, in each case, the rules and regulations promulgated thereunder. 

 

	 	(ii)	Except to the extent that information contained in any Company SEC Document has been revised or superseded by a document the Company subsequently filed with the SEC
(prior to the date hereof), none of the Company SEC Documents contains any untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the
circumstances under which they were made, not misleading. 

  

	 	(iii)	The financial statements (including the related notes thereto) included (or incorporated by reference) in the Company SEC Documents comply as to form in all material
respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto, have been prepared in accordance with generally accepted accounting principles (“GAAP”) (except, in the
case of unaudited statements, as permitted by Form 10-Q of the SEC) applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto) and fairly present in all material respects the consolidated financial
position of the Company and its subsidiaries as of the dates thereof and their respective consolidated results of operations and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal and recurring year-end
audit adjustments that were not, or are not expected to be, material in amount), all in accordance with GAAP and the applicable regulations promulgated by the SEC. 

 

	 	(iv)	 Subsequent to the filing of the Company’s most recent financial statements with the SEC, there has been no material and adverse change or

  
 3 

	 	 
development, or event involving such a prospective change, in the condition, business, properties or results of operations of the Company and its subsidiaries. 

(f) The offer and sale of the Exchange Shares by the Company to Philips in the manner contemplated by this Agreement will
be exempt from the registration requirements of the 1933 Act. 
 4. Philips Representations and Warranties. Philips
represents and warrants to the Company that as of the date hereof: 
 (a) Philips is the sole and exclusive owner
of the Exchange Warrant free and clear of any liens, encumbrances, or charges of any nature whatsoever, and Philips has not transferred, hypothecated, pledged or otherwise disposed of the Exchange Warrant or any interest therein. 

(b) Philips has the full power and authority to execute and deliver this Agreement and to perform all of its obligations
hereunder and thereunder, and to purchase, acquire and accept delivery of the Exchange Shares. 
 (c) The
Exchange Shares are being acquired for Philips’ own account and not with a view to, or intention of, distribution thereof in violation of the 1933 Act, or any applicable state securities laws. 

(d) Philips does not intend to make any sale, transfer or other disposition of the Exchange Shares in violation of the
1933 Act or the 1934 Act or the rules and regulations promulgated thereunder or any applicable state securities laws. 
 (e) Philips is sophisticated in financial matters and is able to evaluate the risks and benefits of an investment in the Exchange Shares. Philips understands and acknowledges that such investment is a
speculative venture, involves a high degree of risk and is subject to complete risk of loss. Philips has carefully considered and has, to the extent Philips deems necessary, discussed with Philips’ professional legal, tax, accounting and
financial advisers the suitability of its investment in the Exchange Shares. 
 (f) Philips is able to bear the
economic risk of its investment in the Exchange Shares for an indefinite period of time because the Exchange Shares have not been registered under the 1933 Act and, therefore, cannot be sold unless subsequently registered under the 1933 Act or an
exemption from such registration is available. Philips: (i) understands and acknowledges that the Exchange Shares have not been registered under the 1933 Act, nor under the securities laws of any state, nor under the laws of any other country
and (ii) recognizes that no public agency has passed upon the accuracy or adequacy of any information provided to Philips or the fairness of the terms of its investment in the Exchange Shares. 

(g) Philips has had an opportunity to ask questions and receive answers concerning the terms and conditions of the
offering of the Exchange Shares. 

  
 4 

 (h) This Agreement constitutes the legal, valid and binding obligation of
Philips, enforceable against it in accordance with its terms, and the execution, delivery and performance of this Agreement by Philips does not and will not conflict with, violate or cause a breach of (i) any provision of the certificate of
incorporation, bylaws or comparable organizational documents of Philips, (ii) any agreement, contract or instrument to which Philips is a party or (iii) any law, judgment, order or decree to which Philips is subject or otherwise applicable
to Philips. 
 (i) Philips became aware of the offering of the Exchange Shares other than by means of general
advertising or general solicitation. 
 (j) Philips is an “accredited investor” as that
term is defined under the 1933 Act and Regulation D promulgated thereunder and any applicable rules or regulations or interpretations thereof promulgated by the SEC or its staff. 

(k) Philips acknowledges that the certificates for the Exchange Shares will contain a legend substantially as follows:

 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), OR THE SECURITIES LAWS OF ANY STATE. THE SECURITIES MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH LAWS. 
 THE COMPANY MAY REQUEST A WRITTEN OPINION OF COUNSEL (WHICH OPINION AND COUNSEL SHALL BE
REASONABLY SATISFACTORY TO THE COMPANY) TO THE EFFECT THAT REGISTRATION IS NOT REQUIRED IN CONNECTION WITH AN OFFER, SALE OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE.” 

5. Indemnification 
 (a) Indemnification Provisions for Philips’ Benefit. The Company will indemnify and hold Philips and its affiliates, and their respective officers, directors, managers, employees, agents,
representatives, stockholders and similarly situated persons (collectively, “Representatives”), harmless from and pay any and all Damages (as defined below) directly or indirectly resulting from, relating to, arising out of
or attributable to any violation or breach of any representation, warranty, covenant or agreement the Company has made in this Agreement, including as a result of any Action (as defined below) initiated by a third party that is directly or
indirectly related to a violation or breach of any such representation, warranty, covenant or agreement of the Company. 
 As used herein, the term “Damages” means all losses (including diminution in value), damages and other costs and expenses of any kind or nature whatsoever, whether known or
unknown, contingent or vested, matured or unmatured, and whether or not 

  
 5 

 
resulting from third-party claims, including costs (including reasonable fees and expenses of attorneys, other professional advisors and expert witnesses and the allocable portion of the relevant
person’s internal costs) of investigation, preparation and litigation, in connection with any action, suit, arbitration, mediation, investigation or similar proceeding (an “Action”) or threatened Action. 

(b) Indemnification Provisions for the Company’s Benefit. Philips will indemnify and hold the Company and its
affiliates, and their respective Representatives, harmless from and pay any and all Damages directly or indirectly resulting from, relating to, arising out of or attributable to any violation or breach of any representation, warranty, covenant or
agreement Philips has made in this Agreement, including as a result of any Action (as defined below) initiated by a third party that is directly or indirectly related to a violation or breach of any such representation, warranty, covenant or
agreement of Philips. 
 (c) Indemnification Claim Procedures. 

 

	 	(i)	In order for Philips or its affiliates or their respective Representatives (each a “Philips Indemnified Party”), or alternatively, for the
Company or its affiliates or their respective Representatives (each, together with each Philips Indemnified Party, an “Indemnified Party”), to be entitled to any indemnification provided for under this Agreement in respect
of, arising out of or involving any Damages or any claims or demands made by any person against such Indemnified Party (a “Third Party Claim”), such Indemnified Party shall deliver notice thereof to the Company or Philips, as
applicable (the “Indemnifying Party”) with reasonable promptness after receipt by such Indemnified Party of notice of the Third Party Claim and shall provide the Indemnifying Party with such information with respect thereto
as the Indemnifying Party may reasonably request. The failure to provide such notice, however, shall not release the Indemnifying Party from any of its obligations under this Section 5 except to the extent that the Indemnifying Party is
materially prejudiced by such failure. 

  

	 	(ii)	 If the Indemnifying Party acknowledges in writing its obligation to indemnify the Indemnified Party against any and all Damages that may result from a
Third Party Claim pursuant to the terms of this Agreement, the Indemnifying Party shall have the right, upon written notice to the Indemnified Party within 15 days of receipt of notice from the Indemnified Party of such Third Party Claim, to assume
the defense thereof at the expense of the Indemnifying Party, with counsel selected by the Indemnifying Party and satisfactory to the Indemnified Party. The Indemnifying Party shall be liable for the fees and expenses of counsel employed by the
Indemnified Party for any period during which the Indemnifying Party has failed to assume the defense thereof. If the Indemnifying Party does not expressly elect to assume the defense of such Third Party Claim within the time period referred to in,
and otherwise in accordance with, the first sentence of this Section 5(c)(ii), the Indemnified 

  
 6 

	 	 
Party shall have the sole right to assume the defense of and to settle such Third Party Claim, in its sole discretion, at the cost and expense of the Indemnifying Party. If the Indemnifying Party
assumes the defense of such Third Party Claim, the Indemnified Party shall have the right to employ separate counsel and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of the Indemnified
Party unless (i) the employment of such counsel shall have been specifically authorized in writing by the Indemnifying Party or (ii) the Indemnified Party reasonably determines that representation by counsel to the Indemnifying Party of
both the Indemnifying Party and such Indemnified Party may present such counsel with a conflict of interest. If the Indemnifying Party assumes the defense of any Third Party Claim, the Indemnified Party shall, at the Indemnifying Party’s
expense, cooperate with the Indemnifying Party in such defense and make available to the Indemnifying Party all witnesses, pertinent records, materials and information in the Indemnified Party’s possession or under the Indemnified Party’s
control relating thereto as is reasonably required by the Indemnifying Party in connection with the defense of such Third Party Claim. If the Indemnifying Party assumes the defense of any Third Party Claim, the Indemnifying Party shall not, without
the prior written consent of the Indemnified Party, enter into any settlement or compromise or consent to the entry of any judgment with respect to such Third Party Claim if such settlement, compromise or judgment (i) involves a finding or
admission of wrongdoing, (ii) does not include an unconditional written release by the claimant or plaintiff of the Indemnified Party from all liability in respect of such Third Party Claim or (iii) imposes equitable remedies or any
obligation on the Indemnified Party other than solely the payment of money damages for which the Indemnified Party will be fully indemnified hereunder. 

 

	 	(iii)	The Indemnifying Party shall promptly pay and reimburse any Indemnified Party for any Damages incurred by it in connection with any Third Party Claim for which the
Indemnified Party is entitled to indemnification hereunder upon notice thereof from the Indemnified Party, provided that if any such payment is made after five business days from the date that the Indemnifying Party received such notice
(each, a “Payment Due Date”), such payment shall accrue interest at a rate of 5% from the relevant Payment Due Date until the date that payment of such amount and any interest accrued thereon is paid in full to the Indemnified
Party. 

  

	 	(iv)	The Indemnifying Party shall not be entitled to require that any action be made or brought against any other person before action is brought or claim is made against it
hereunder by the Indemnified Party. 

  

	 	(v)	 In the event any Indemnified Party should have a claim against any Indemnifying Party hereunder that does not involve a Third Party Claim

  
 7 

	 	 
being asserted against or sought to be collected from such Indemnified Party, the Indemnified Party shall deliver notice of such claim with reasonable promptness to the Indemnifying Party. The
failure to provide such notice, however, shall not release the Indemnifying Party from any of its obligations under this Section 5 except to the extent that the Indemnifying Party is materially prejudiced by such failure and shall not relieve
the Indemnifying Party from any other obligation or liability that it may have to the Indemnified Party or otherwise than pursuant to this Section 5. 

 6. General Provisions. 
 (a) Notices. Any notice or
other communication required or permitted hereunder shall be deemed to be sufficient if contained in a written instrument delivered in person or duly sent by first class certified mail, postage prepaid, by nationally recognized overnight courier, or
by facsimile (if a copy of such notice is also sent by first class certified mail within one day of the facsimile transmission) addressed to such party at the address or facsimile number set forth below or such other address or facsimile number as
may hereafter be designated in writing by the addressee to the addressor listing all parties: 
 if to the Company, to:

 Lighting Science Group Corporation 
 Building 2A, 1227 South Patrick Drive 
 Satellite Beach, FL 32937 

Fax: (321) 779-5521 
 Attn: General Counsel 
 with a copy (which shall not constitute notice) to:

 Greg R. Samuel 
 Haynes and Boone, LLP 
 2323 Victory Avenue, Suite 700 

Dallas, TX 75219 

Fax: (214) 200-0577 
 if to Philips to: 
 Royal Philips Electronics 

Amstelplein 2, 1096 BC 
 Building HBT 12 
 P.O. Box 77900, 1070 MX 

Amsterdam, The Netherlands 

			
	Attn:	 	Marcio Barbosa
		 	Head of Corporate Finance

  
 8 

 with a copy (which shall not constitute notice) to: 

Philips Lighting North America 
 3 Burlington Woods Drive 
 Burlington, MA 01803 

Attn. Michael L. Manning 
 Fax: (781) 418-7988 
 with a copy (which shall not constitute notice) to:

 Sullivan & Cromwell 
 125 Broad Street 
 New York, New York 10004-2498 

Attn. Matthew G. Hurd 
 Fax: (212)558-3588 
 or, in any case, at such other address or addresses as shall
have been furnished in writing by such party to the other parties hereto. All such notices, requests, consents and other communications shall be deemed to have been received (a) in the case of personal delivery, on the date of such delivery,
(b) in the case of mailing, on the fifth business day following the date of such mailing, (c) in the case of delivery by overnight courier, on the business day following the date of delivery to such courier, and (d) in the case of
facsimile, when received. 
 (b) Choice of Law. The laws of the State of New York without reference to the
conflict of laws provisions thereof, will govern all questions concerning the construction, validity and interpretation of this Agreement. 
 (c) Entire Agreement. This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof and may not be amended or modified nor any provisions waived except as
set forth in Section 6(e). 
 (d) Assignment; No Third Party Beneficiaries. This Agreement and
the rights, duties and obligations hereunder may not be assigned or delegated by any party hereto. This Agreement is not intended to confer any rights or benefits on any persons other than (i) with respect to Section 5 only, the
Indemnified Parties and (ii) the parties hereto. Any assignment in violation of this Section 6(d) shall be null and void ab initio. 
 (e) Amendment and Waiver. The provisions of this Agreement may be amended only with the prior written consent of the Company and Philips and may be waived with the prior written consent of the
party against whom the waiver is sought. No failure or delay by any party in exercising any right, power or privilege hereunder will operate as a waiver thereof, nor will any single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege, nor will any waiving of any right, power or privilege operate to waive any other subsequent right, power or privilege. The rights and remedies herein provided will be cumulative and not
exclusive of any rights or remedies provided by law. 

  
 9 

 (f) Severability. The provisions of this Agreement shall be deemed
severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability or the other provisions hereof. If any provision of this Agreement, or the application thereof to any person or any circumstance, is
invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the
remainder of this Agreement and the application of such provision to other persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of
such provision, or the application thereof, in any other jurisdiction. 
 (g) Counterparts. This Agreement
may be executed in counterparts, each of which shall be an original and all of which together shall constitute a single agreement. 
 * * * * * 

  
 10 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective
as of the date first written above. 
  

			
	LIGHTING SCIENCE GROUP CORPORATION
		
	 By:
	 	 /s/ Gregory T. Kaiser

	 Name:
	 	 Gregory T Kaiser

	 Title:
	 	 CFO and Corporate Secretary

	
	KONINKLIJKE PHILIPS ELECTRONICS N.V.
		
	 By:
	 	 /s/ Michael L. Manning

	 Name:
	 	 Michael L. Manning

	 Title:
	 	 Attorney-in-fact

 Signature Page to Exchange Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]