Document:

exv10w29

 

Exhibit 10.29

PHOTOVOLTAIC SYSTEM SUPPLY AND INSTALLATION AGREEMENT

THIS AGREEMENT is made effective as of August 29, 2007 by and between American Capital Energy,
Inc., (“ACE”), referred to as “Installer”, and Crystal Rock, Inc./Vermont Pure Holdings, LTD,
(“Purchaser”) with reference to INSTALLER’s performance of engineering and installation of a solar
array at 1050 Buckingham Street, Watertown, CT (hereinafter referred to as the “Site”), as
specifically set forth and described in Schedule 1 and Schedule 2.

IN CONSIDERATION of the covenants hereinafter set forth, INSTALLER and Purchaser mutually agree as
follows:

1. CONTRACT DOCUMENTS

	1.1.	 	The Contract Documents consist of the following:

	 	1.1.1.	 	This Agreement.
	 
	 	1.1.2.	 	The System Descriptions and Specifications (the “System”) attached as Schedule
1 to this Agreement.
	 
	 	1.1.3.	 	The Work Description and Specifications (the “Services”) attached as Schedule
2 to this Agreement.
	 
	 	1.1.4.	 	The Purchaser Assistance Description (the “Purchaser Services”) attached as
Schedule 3 to this Agreement.
	 
	 	1.1.5.	 	The Warranties attached as Schedule 4 to this Agreement.
	 
	 	1.1.6.	 	The Price Schedule attached as Schedule 5 to this Agreement.
	 
	 	1.1.7.	 	The Project Schedule attached as Schedule 6 to this Agreement.

	1.2.	 	There are no Contract Documents other than those listed in Article 1.1 above.

2. SCOPE OF SERVICES

	2.1.	 	INSTALLER’ RESPONSIBILITIES

	 	 	As required for performance of the Services, INSTALLER shall, subject to the terms and
provisions of this Agreement:

	 	2.1.1.	 	Furnish supervisors, engineers, designers, draftsmen, and other personnel necessary
for the preparation of complete drawings and specifications;
	 
	 	2.1.2.	 	Furnish buyers, inspectors, expediters, and other personnel necessary to procure and
or manufacture all materials, supplies, and equipment;
	 
	 	2.1.3.	 	Installation services to be performed by CT licensed contractors.

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	 	2.1.4.	 	Furnish only qualified and competent supervisors, foremen, skilled and unskilled
labor, and all other personnel; provided that to the extent reasonably available, such
personnel shall be individuals with experience in the specific services being
performed;
	 
	 	2.1.5.	 	Procure or supply machinery, equipment, materials, expendable construction items and
supplies, related services and subcontracts, and all appropriate proprietary rights,
licenses, agreements and permissions for materials, methods, processes and systems
incorporated into the System;
	 
	 	2.1.6.	 	Make adjustment to the Project Schedule as specified therein or elsewhere in the
Contract Documents;
	 
	 	2.1.7.	 	Execute a reasonable Interconnection Agreement and obtain all permits and licenses
required to be taken out in the name of Purchaser that are necessary for the
performance of the Services and installation and operation of System, except for those
permits which shall be Purchaser’s responsibility as set forth in the following
Article;
	 
	 	2.1.8.	 	Facilitate and support Purchaser’s negotiation and procurement of an appropriate
interconnection agreement to be executed between Purchaser and the electric
distribution utility to which the System will be interconnected (“Interconnection
Agreement”), including providing all necessary drawings and technical information;
	 
	 	2.1.9.	 	Install the System and complete the Services as specified in the Contract Documents.
The System is described in Schedule 1. The Services are described on
Schedule 2;
	 
	 	2.1.10.	 	Perform the Services, in accordance with practices generally accepted in the
industry, all applicable laws, government approvals and permitting requirements, and
quality control and inspections so that the System (i) meets or exceeds all
requirements of applicable laws, government approvals and licenses and the System is
installed in accordance with manufacturer’s specifications or by methods otherwise
approved by the manufacturer; (ii) complies with all requirements of the
Interconnection Agreement; (iii) meet or exceeds the warranties and guarantees set
forth in Section 7; (iv) are safe and adequate for their intended purpose and
conditions; (v) are free from defects; (vi) is comprised of equipment which is new and
of good quality when installed, designed and manufactured and of a grade in accordance
with generally accepted national standards for the design, manufacture and quality of
such equipment; and (vii) meets or exceeds all requirements for the following federal
and state rebates and incentives: Federal Investment Tax Credit (ITC) as described in
26 USC § 48 (2005), Modified Accelerated Cost Recovery System (MACRS) as described in
26 USC § 168 (2005), Connecticut Clean Energy Fund Solar Program (the “Rebates”);

	2.2.	 	PURCHASER RESPONSIBILITIES
	 
	 	 	Purchaser shall at such times as may be required by INSTALLER for the successful and
expeditious completion of the Services:

	 	2.2.1.	 	Make arrangements to make the Site available to INSTALLER according to dates
specified in the Project Schedule, and make arrangements to provide the Purchaser
Services. Purchaser and INSTALLER will cooperate in a commercially reasonable manner
to accomplish the Services in accordance with the specifications and time schedule
provided for in the Contract Documents;

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	 	2.2.2.	 	Conduct any reviews and inspections in a manner that minimizes interference with
INSTALLER’ progress of the Services;
	 
	 	2.2.3.	 	Pay the Price and all other sums, if any, required to be paid by Purchaser to
INSTALLER for providing the System and performing the Services pursuant to the terms
of this Agreement; and
	 
	 	2.2.4.	 	Appoint an individual who shall be authorized to act on behalf of Purchaser, with
whom INSTALLER may consult at all reasonable times, and whose written instructions,
requests, and decisions will be binding upon Purchaser as to all matters pertaining to
this Agreement and the performance of the parties hereunder. Purchaser shall advise
INSTALLER in writing of the names of the individuals referred to in the preceding
sentence.

	2.3.	 	CHANGES
	 
	 	 	It is the desire of INSTALLER and Purchaser to keep changes to the System and in the scope
of Services at a minimum, but the parties recognize that such changes may become necessary
and agree that they shall be handled as follows:

	 	2.3.1.	 	Purchaser may initiate a change by advising INSTALLER in writing of the change
believed to be necessary. As soon thereafter as practicable, INSTALLER shall prepare
and forward to Purchaser a cost estimate and a schedule impact of the change, which
shall include the adjustment to the Price (as defined below), any other compensation,
and any effect on INSTALLER’ ability to comply with any of its obligations under this
Agreement, including warranties and guarantees. Purchaser shall advise INSTALLER in
writing of its approval or disapproval of the change. If Purchaser approves the
change, INSTALLER shall perform the Services as changed.
	 
	 	2.3.2.	 	INSTALLER may initiate changes by advising Purchaser in writing that in INSTALLER’
opinion a change is necessary and providing the additional cost, if any, for such
change. If Purchaser agrees, it shall advise INSTALLER in writing within five (5)
business days after receipt and, thereafter, the change shall be handled as if
initiated by Purchaser.
	 
	 	2.3.3.	 	If a party disputes the existence, extent, validity or affect of a change, then a
party may notify the other parties in writing that it desires to resolve the dispute.
If the dispute cannot be resolved to the mutual satisfaction of the parties within ten
(10) business days, then a party can demand binding dispute resolution in accordance
with Article 17.4. Such dispute resolution process shall commence immediately
and conclude no later than thirty (30) days following the notice of dispute.

	2.4.	 	CONDITION PRECEDENT

     Purchaser’s obligations under this Agreement shall be conditioned upon the following events:
(1) grant approval by the Connecticut Clean Energy Fund. If this event has not occurred to the
satisfaction of Purchaser within 90 days following execution of this Agreement, this Agreement
shall be cancelled immediately upon Purchaser’s written notice and Purchaser shall be not be
responsible for any costs, liabilities, or obligations hereunder.

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3. CONTRACT PRICE

	3.1.	 	As full compensation and consideration for the full and complete performance of all of the
System installation and Services and all of INSTALLER’s other obligations under this Agreement
and all costs in connection therewith, Purchaser shall pay to INSTALLER, and INSTALLER shall
accept $2,089,832 as the total fixed price of this Contract (the “Price”), inclusive of all
sales or use taxes, permits, and utility interconnection fees subject to adjustment as stated
elsewhere in the Contract Documents, as well as for work performed under properly approved
change orders. Installation prices are detailed in Schedule 5. Except as specifically
provided herein, the Price shall not be subject to adjustment for any reason.
	 
	3.2.	 	INSTALLER shall be paid for the System and Services as they are provided and accepted by
Purchaser in accordance with Schedule 5.
	 
	3.3.	 	Payments indicated in Article 3.2 shall be due within ten (10) days after INSTALLER’s
delivery to Purchaser of an invoice containing such amounts except those items deemed to be
COD in accordance with Schedule 5. INSTALLER shall include with each invoice a certification
that the System has been supplied and/or the Services has been completed to the extent
required for payment at such stage. Any overdue amounts shall bear interest at the rate of
twelve percent (12%) per annum. In the event that Purchaser disputes any portion of the
amount invoiced, it shall nonetheless pay all undisputed amounts promptly. Any amounts
ultimately found to be due shall be paid with 5% interest from the date originally due. In
the event that Purchaser fails to make timely payments to INSTALLER of any of the undisputed
amounts, INSTALLER shall have the right to place a lien on the System, in order to secure such
payment, and Purchaser shall not object to or oppose the imposition of such liens.
	 
	3.4.	 	INSTALLER, for themselves, their successors and assigns, and all subcontractors and other
parties acting through or under them, does hereby covenant, promise and agree with Purchaser,
its successors and assigns, that no mechanics’ lien or other claim or encumbrance in the
nature of a lien shall be maintained against the System or the Site or any part or parts
thereof or the appurtenances thereto, by INSTALLER or by any subcontractor, for any Services,
the System, tools, equipment, materials, supplies, or supervision or other goods or services
furnished under this Agreement or any subcontract or any supplements hereto or thereto,
written or oral, or by any other party acting through or under them, or any of them, for which
Purchaser has made payment to INSTALLER, and waives and releases any such lien rights. This
waiver of liens shall be an independent covenant in favor of Purchaser and its successors and
assigns and shall operate and be effective as well with respect to Services, the System,
materials, tools, equipment, supplies, goods, and services furnished under any supplemental
contract for extra work in connection with the construction of the System and as to any
Services and materials furnished under this Agreement for which Purchaser has made payment to
INSTALLER. Purchaser will be named on lien wavers and as payments are made to INSTALLER
Purchaser will receive lien releases accordingly.

4. CONTRACT TIMES

	4.1.	 	The Services and the System will be completed in accordance with the Project Schedule. This
schedule is subject to adjustment as specified in the Project Schedule and elsewhere in the
Contract Documents.
	 
	4.2	 	INSTALLER will make all reasonable, diligent efforts to obtain all permits, clearances,
Interconnection Agreement, etc. necessary for performance and completion of the

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	 	 	Services. Any failure to obtain such permits for reasons beyond INSTALLER’ reasonable
control will not constitute a default of INSTALLER’ obligations under this Agreement.

5. INSTALLER’ REPRESENTATIONS

In order to induce Purchaser to enter into this Agreement, INSTALLER makes the following
representations:

	5.1.	 	INSTALLER has examined the Financial Assistance Agreement (FAA) by and between the CT Clean
Energy Fund and Purchaser. INSTALLER certifies that the metering and other solar system
requirements in the FAA will be met by INSTALLER as part of this installation agreement.
	 
	5.2.	 	INSTALLER has examined and carefully studied the Contract Documents.
	 
	5.3.	 	INSTALLER has visited the Site and become generally familiar with the general, local and site
conditions that may affect the supply of the System and the performance of the Services.
	 
	5.4.	 	INSTALLER has all the required skills and capacity necessary to perform or cause to be
performed the Services to be performed in a timely and professional manner, utilizing sound
engineering principles, project management procedures and supervisory procedures, all in
accordance with practices generally accepted in the industry.
	 
	5.5.	 	INSTALLER is familiar with applicable law, regulations, and interconnection standards
relevant to the performance of its obligations under the Contract Documents.
	 
	5.6.	 	INSTALLER has all necessary power and authority to execute, deliver and perform its
obligations under this Agreement, and each of the execution, delivery and performance by such
INSTALLER of this Agreement has been duly authorized by all necessary action on the part of
such INSTALLER, and does not require any approval except as has been heretofore obtained.
	 
	5.7.	 	INSTALLER shall be liable for the performance of the INSTALLER’ obligations under this
Agreement.

6. PURCHASER’S REPRESENTATIONS

In order to induce INSTALLER to enter into this Agreement, Purchaser makes the following
representations:

	6.1.	 	Purchaser has examined and carefully studied the Contract Documents.
	 
	6.2.	 	Purchaser has informed INSTALLER in writing of all relevant general, local and site
conditions known to Purchaser, that INSTALLER should be aware of for the performance of the
Services and supply of the System. Purchaser is familiar with applicable law relevant to the
performance of its obligations under the Contract Documents.
	 
	6.3.	 	Purchaser has all necessary power and authority to execute, deliver and perform its
obligations under this Agreement, and each of the execution, delivery and performance by
Purchaser of this Agreement has been duly authorized by all necessary action on the part of
Purchaser, does not require any approval except as has been heretofore obtained.

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7. WARRANTIES AND GUARANTEES

	7.1.	 	PRODUCT AND SYSTEM WARRANTY

	 	7.1.1	 	INSTALLER will provide a warranty for the System and the photovoltaic
modules in the System as described in Schedule 4.
	 
	 	7.1.2	 	INSTALLER warrants that all goods, other than System, supplied as part of
the Services will conform to the specifications for such goods set forth in the
Contract Documents. INSTALLER warrants that it will deliver good title to the System
and all other goods it supplies in connection with the Services.

	7.2.	 	ENGINEERING AND DESIGN WARRANTY

	 	7.2.1	 	INSTALLER warrants they will perform the engineering and design services
(“Engineering Services”) in accordance with the current standards of care and
diligence normally practiced in performing services of a similar nature. If during the
five (5) year period following acceptance of the Services pursuant to Article
11.2 it is shown that there is an error in the Engineering Services as a result of
INSTALLER’ failure to meet those standards and Purchaser has notified INSTALLER in
writing of any such error within the specified period, such INSTALLER shall re-perform
within a reasonable timeframe such Engineering Services within the original scope of
Services as may be necessary to remedy such error. All costs incurred by INSTALLER in
performing such corrective services shall be paid by INSTALLER.
	 
	 	7.2.2	 	INSTALLER warrants that any system design or installation services provided
by INSTALLER, will not infringe any valid U.S. patent and that INSTALLER has obtained
and shall provide all appropriate proprietary rights, licenses, agreements and
permissions for materials, methods, processes and systems incorporated into the
System. INSTALLER makes no warranties as to patent infringement to the extent
resulting from goods supplied by third parties or goods specified neither by
Purchaser, nor as to designs supplied by parties other than INSTALLER.

	7.3.	 	INSTALLATION WARRANTY

	 	 	INSTALLER shall provide their installation services in a professional, workmanlike and
timely manner. INSTALLER warrants that such installation services shall (i) be performed
in accordance with Article 2.1.8 and all other conditions and requirements contained
herein; (ii) reflect the degree of care, skill, prudence, judgment and diligence, under the
circumstances then-prevailing, that a reasonable, qualified and competent provider of
similar services would exercise; and (iii) that such installation services shall be free
from material defects in workmanship including any roof leaks that result from installation
or operation and maintenance services provided by the INSTALLER. All actions taken by
INSTALLER in performing installation services hereunder shall comply with all applicable
laws, rules, regulations and ordinances.
	 
	 	 	If during the five (5) year period following acceptance of the Services pursuant to
Article 11 it is shown that there is an error in the installation services as a
result of INSTALLER’ failure to meet those standards and Purchaser has notified INSTALLER
in writing of any such error within the specified period, INSTALLER shall reperform such
installation services within thirty (30) days; assuming that full access to the Site is
granted to the INSTALLER and that delays in materials/supplies delivery, weather, or any
other matter beyond the INSTALLER’ control does not interfere with this work. Within the
original scope

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	 	 	of Services as may be necessary to remedy such error, INSTALLER shall pay all costs
incurred by INSTALLER in performing such corrective services.
	 
	7.4.	 	THIRD PARTY WARRANTY AND GUARANTEE
	 
	 	 	INSTALLER shall, for the protection of Purchaser, use commercially reasonable efforts to
obtain from all vendors and subcontractors from which INSTALLER procures machinery,
equipment or materials or services, warranties and guarantees with respect to such
machinery, equipment, materials or services, which shall be made available to Purchaser to
the full extent of the terms thereof.
	 
	7.5.	 	NEGLIGENCE
	 
	 	 	Nothing contained in paragraph 7 is deemed to waive liability for negligence.

8. DEFAULT; DAMAGES; LIMITATION OF LIABILITY

	8.1.	 	In the event that a party defaults in its obligations hereunder, a non-defaulting party may
seek to enforce this Agreement, may recover damages from the defaulting party or may terminate
this Agreement, all at the non-defaulting party’s election. In the event a party finds it
necessary to bring an action to enforce this Agreement, the prevailing party, in addition to
any other relief which may be granted, shall be entitled to recover all reasonable and
necessary costs incurred by the prevailing party in such action, including an award of
attorneys’ fees.
	 
	8.2.	 	Notwithstanding the foregoing, INSTALLER shall be liable for any INSTALLER default under this
Agreement.

9. INSURANCE

	9.1.1.	 	COMMITMENT
	 
	9.1.1	 	Commencing with the performance of the Services hereunder, and continuing
until the earlier of acceptance of the Services or termination of this Agreement,
INSTALLER shall maintain standard insurance policies as follows:

	 	9.1.1.1.	 	Workers’ Compensation and/or all other social insurance in accordance with
the statutory requirements of the state, province or country having
jurisdiction over INSTALLER’ employees who are engaged in the Services, with
Employer’s Liability of one million dollars ($1,000,000) per accident;
	 
	 	9.1.1.2.	 	Commercial General Liability, including automobile (owned, non-owned or
hired vehicle) insurance in a combined single limit of two million dollars
($2,000,000) per occurrence for bodily injury to or death of persons and/or
loss of or damage to property of parties, which policy shall contain
contractual liability coverage;
	 
	 	9.1.1.3.	 	Errors and Omissions insurance in the amount of $500,000 shall be carried
by subcontractors conducting professional engineering & design work related to
the project and both INSTALLER and Purchaser shall be named as additional
insured.

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	 	9.1.2	 	All coverage required to be maintained by INSTALLER under this Agreement
shall provide that they are primary to any insurance coverage carried by Purchaser,
shall contain waivers of subrogation, and shall provide that they may not be amended
or terminated without notice to Purchaser.

10. TERM AND COMPLETION

	10.1.	 	TERM.
	 
	 	 	The term of this Agreement will continue through INSTALLER’s complete performance of their
obligations under this Agreement, unless terminated, cancelled or suspended pursuant to
Article 12.
	 
	10.2.	 	COMPLETION
	 
	 	 	Completion of the System installation occurs when the System has been completed
mechanically, electronically and structurally and all specified tests have been completed
including inspection and acceptance of final interconnection by the controlling utility and
the overseers of the programs offering the Rebates.
	 
	10.3.	 	SCHEDULED COMPLETION
	 
	 	 	INSTALLER shall commence the Services immediately after the date of this Agreement and
shall prosecute the Services continuously and with due diligence.

11. TRANSFER AND ACCEPTANCE

	11.1	 	CARE, CUSTODY AND CONTROL
	 
	 	 	Upon completion of the System as described in Section 10.2, INSTALLER shall so advise
Purchaser in writing. Unless Purchaser shall advise INSTALLER within thirty (30) days
thereafter why the System is not complete, completion shall be deemed to have occurred and
the care, custody and control of the System shall pass to Purchaser. In any event, the
care, custody, and control of the System shall pass to Purchaser no later than the time
when Purchaser takes physical possession thereof. Except as otherwise expressly provided in
this Agreement, from and after that date of transfer of care, custody, and control of the
System or portion thereof, Purchaser shall assume all risks of physical loss or damage
thereto and shall, and does hereby, release INSTALLER from and Purchaser will and shall
cause its insurers to waive rights of subrogation against INSTALLER and its vendors and
subcontractors for loss or damage to the System which may thereafter occur.
	 
	11.2	 	ACCEPTANCE OF SERVICES
	 
	 	 	When INSTALLER deems they have completed the Services, they shall so notify Purchaser in
writing. Within thirty (30) days thereafter, Purchaser shall advise INSTALLER in writing of
any defects in the Services for which INSTALLER is responsible under this Agreement. As
soon as any such defects are corrected (or as soon as the thirty (30) day period for such
notice has expired if Purchaser does not advise INSTALLER of any such defects within the
period), Purchaser shall accept the Services in writing or they shall be deemed accepted.
Care, custody, and control shall be transferred to Purchaser after acceptance.

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	11.3	 	ELECTRICITY PRODUCED
	 
	 	 	Purchaser will be the owner of all the electricity generated by the System and the related
renewable energy credits and other intangible attributes associated with such electricity.
	 
	12.	 	TERMINATION, CANCELLATION AND SUSPENSION
	 
	12.1	 	TERMINATION BY PURCHASER FOR DEFAULT
	 
	 	 	Should INSTALLER (i) become insolvent or bankrupt, (ii) should INSTALLER commit a
substantial breach or default of any of the covenants or obligations of the Contract
Documents, and should such INSTALLER thereafter fail to commence action to remedy
such breach within ten (10) business days after written notice thereof from Purchaser and
thereafter to proceed diligently in remedying the same, then Purchaser may, at its option,
terminate this Agreement and enter upon the premises and take possession thereof and at the
same time instruct INSTALLER to remove from the premises all of their tools, equipment, and
supplies for the purpose of completing Services. Under any such termination, INSTALLER
shall be compensated for all reimbursable costs incurred under the Contract Documents and
Services properly rendered by INSTALLER to the date of such termination for the System that
are in usable condition, or that are later made usable by Purchaser (or one of its
subcontractors) less any reasonable rework costs incurred to such end and In the event that
Purchaser uses any of INSTALLER’ equipment or tools, Purchaser shall return the same to
INSTALLER in good condition and repair, reasonable wear and tear excepted and shall
reimburse INSTALLER for the use thereof.
	 
	12.2	 	TERMINATION BY INSTALLER FOR DEFAULT
	 
	 	 	Should Purchaser become insolvent or bankrupt, or commit a substantial breach or default of
any of the covenants or obligations of the Contract Documents and (a) fail to remedy the
same within ten (10) business days after written notice thereof from INSTALLER if the
breach constitutes a failure to pay money, or (b) fail to commence proceedings to remedy
the same within fifteen (15) days after written notice thereof from INSTALLER and
thereafter to proceed diligently in remedying the same if the breach is other than to pay
money, then INSTALLER may, at their option, suspend performance or terminate this
Agreement. Should INSTALLER so suspend or terminate this Agreement, then: (i) Purchaser
shall reimburse to INSTALLER all reasonable costs incurred and pay for the percentage of
Services performed and System installed to the date of suspension/termination in accordance
with the provisions of Article 3; (ii) all “retention” monies (if any) withheld by
Purchaser pursuant to this Agreement shall be paid to INSTALLER; (iii) Purchaser shall pay
to INSTALLER, as liquidated damages and not as a penalty, and (iv) Purchaser shall
reimburse INSTALLER’ reasonable demobilization costs.

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13. SAFETY AND ENVIRONMENTAL

	13.1.	 	COMPLIANCE WITH LAWS

	 	13.1.1.	 	INSTALLER shall make every reasonable effort to design the System so they are
capable of complying with all applicable safety legislation, including state and
federal Occupational Safety and Health Acts (“OSHA”), and with applicable
environmental laws, rules and regulations in force during the term of this Agreement.
If, during the course of the Services, any questions should arise regarding safety or
environmental aspects of the Services, INSTALLER and Purchaser shall mutually agree
upon any changes required in the Services and such changes shall be treated as changes
in the scope of the Services. Purchaser shall only pay for unforeseen changes.
	 
	 	13.1.2.	 	INSTALLER shall make every reasonable effort during the course of construction to
perform the Services in accordance with applicable laws, rule, regulations, and orders
relating to environmental concerns or the safety of INSTALLER’ employees and shall
require each subcontractor to have an appropriate safety program covering the
subcontractor’s employees.

14. INDEMNIFICATION

	14.1.	 	INSTALLER agrees to indemnify, defend and hold harmless Purchaser, its employees, agents,
officers, directors and affiliates, (“Purchaser Indemnified Parties”) from and against any
cost, liability, cause of action, suit or judgment (“Loss”) to the extent relating to personal
injury or death, or damage to property, and to the extent arising from the negligence or
willful misconduct of any INSTALLER, its employees and agents. Such indemnification shall
include any claim, demand or liability of any kind arising out of damage to the roof caused by
the installation or maintenance of the System by INSTALLER. Such indemnification shall not
apply to the extent a Loss arises from the negligence or willful misconduct of a Purchaser
Indemnified Party.
	 
	14.2.	 	Purchaser agrees to indemnify, defend and hold harmless INSTALLER, its employees, agents,
officers, directors and affiliates, (“INSTALLER Indemnified Parties”) from and against any
Loss to the extent relating to personal injury or death, or damage to property, and to the
extent arising from the negligence or willful misconduct of Purchaser, its employees and
agents. Such indemnification shall not apply to the extent a Loss arises from the negligence
or willful misconduct of an INSTALLER Indemnified Party.

15. EQUITABLE ADJUSTMENT TO SCHEDULE

	15.1.	 	INSTALLER shall be entitled to an equitable adjustment of the time permitted for completion
of the Services, in the event of any increase in time for completion caused by (1) Force
Majeure, (2) the delay or failure of Purchaser to provide Purchaser Services or (3) potential
delays specified in the Project Schedule not caused by INSTALLER including acts of nature.
	 
	15.2.	 	If INSTALLER believes that they are entitled to an equitable adjustment, they shall so
notify Purchaser, stating in the notice (“Adjustment Notice”) the adjustment to the completion
date and specifying in reasonable detail the reasons for the adjustment. Purchaser will
respond in writing within twenty (20) business days of receipt, accepting or objecting to the
adjustment proposed in the Adjustment Notice. If Purchaser does not object in writing within
twenty (20) business days of receipt, the adjustment proposed in the Adjustment Notice shall
become final. If Purchaser does object in writing, the dispute shall be resolved by the
parties as specified in this Agreement.

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16. TECHNICAL AND ENVIRONMENTAL RIGHTS

	16.1.	 	Nothing in the Contract Documents is intended to grant Purchaser any rights to acquire, own,
use or practice any trade secrets, patents, trademarks, confidential information or other
proprietary information of INSTALLER.
	 
	16.2.	 	Nothing in the Contract Documents is intended to grant INSTALLER any rights to acquire, own,
use or practice any trade secrets, patents, trademarks, confidential information or other
proprietary information of Purchaser.
	 
	16.3.	 	INSTALLER may refer to the Services and to Purchaser in its brochures, advertisements or
other marketing efforts, after written approval of Purchaser. Such references, if permitted,
shall be truthful.

17. GENERAL

	17.1.	 	Terms used in this Agreement, which are defined in the Contract Documents, will have the
meanings indicated in the Contract Documents.
	 
	17.2.	 	No party shall assign this Agreement or any of its rights hereunder without the prior
written consent of the other parties, which consent shall not be unreasonably withheld or
delayed. Notwithstanding the foregoing, a party may upon written notice, without the need for
consent from the other parties (and without relieving itself from liability hereunder), (i)
transfer, pledge or assign this Agreement as security for any financing or to an affiliated
special purpose entity created for the financing or tax credit purposes related to the System;
(ii) transfer or assign this Agreement to any person or entity succeeding to all or
substantially all of the assets of such party, provided, however, that any such assignee shall
agree to be bound by the terms and conditions hereof; or (iii) assign its rights under this
Agreement to a successor entity in a merger or acquisition transaction, provided, however,
that any such assignee shall agree to be bound by the terms and conditions hereof. An
“affiliate” of, or a person “affiliated” with, a specified person, is a person that directly,
or indirectly through one or more intermediaries, controls, or is controlled by, or is under
common control with, the person specified.
	 
	17.3.	 	If any provision of the Contract Documents is determined by a court or tribunal of competent
jurisdiction to be void or unenforceable under applicable law, such provision shall be deemed
stricken, and all remaining provisions shall continue to be valid and binding. Purchaser and
INSTALLER agree that the Contract Documents shall be reformed to replace such stricken
provision with a valid and enforceable provision that comes as close as possible to expressing
the intention of the stricken provision.
	 
	17.4.	 	The Contract Documents and the rights and obligations of the parties under the Contract
Documents shall be governed by the laws of the State of Connecticut. The parties shall attempt
in good faith to resolve any dispute arising under or in connection with the Contract
Documents. If the parties are unable to resolve a dispute within thirty (30) days of its
first assertion in writing, then a party may refer such dispute to binding arbitration in the
State of Connecticut. The arbitrators shall not have the authority to award any relief, which
could not be awarded, by the courts of the State of Connecticut. The decision of the
arbitrators shall be final, binding and non-appealable except for fraud or lack of
jurisdiction. The arbitrators’ fees shall be paid by the party which is not substantially
prevailing in the arbitration, or the parties jointly if no party is a substantially
prevailing party.

11

 

	17.5.	 	INSTALLER may subcontract any portion of the Services to a subcontractor approved by
Purchaser, which approval shall not be unreasonably withheld, conditioned or delayed.
(response shall be given within 10 days) In no case shall Purchaser’s approval of any
subcontractor or supervision over any (appointed) subcontractor relieve INSTALLER of any of
their obligations under this Agreement. Notwithstanding the above, INSTALLER may have portions
of the Services performed by affiliated entities or their employees, in which event INSTALLER
shall be responsible for such Services and Purchaser will look solely to INSTALLER as if
INSTALLER performed the Services.
	 
	17.6.	 	Any notice required or permitted to be given under the Contract Documents shall be given by
courier, personal delivery or U.S. mail, prepaid, and delivered to the parties at the
addresses set forth below:

INSTALLER:

American Capital Energy, Inc.

Attn: Thomas Hunton

15 Tyngsboro Rd. Suite 4a

North Chelmsford, MA 01863

(603) 795-4586

Purchaser:

Vermont Pure Holdings, LTD.

Attn: Jack Baker

1050 Buckingham Street

Watertown, CT 06795

860-945-0661

	17.7.	 	Neither party shall be liable for any failure to comply with its obligations under the
Contract Documents, other than to pay moneys due, to the extent arising from outside such
party’s reasonable control, including, without limitation, fire, flood, storm, strike, lockout
or other labor trouble, riot, war, rebellion, accident or other acts of God, or from other
similar and dissimilar causes beyond the reasonable control of such party and which could not
have been reasonably avoided by such party(“Force Majeure”). INSTALLER may be entitled to an
equitable adjustment arising from Force Majeure, to the extent specified in Article 15
above. A party claiming Force Majeure shall promptly notify the other parties, specifying in
reasonable detail the event of Force Majeure, the expected duration, and the steps such party
is taking to remedy it. In the event that Force Majeure lasts or is expected to last more
than six (6) months, a party may terminate this Agreement and will not need to pay the other
parties the liquidated damages described in Article 12.
	 
	17.8.	 	The Contract Documents express the entire and integrated agreement of the parties with
respect to their subject matter, and any prior or contemporaneous negotiations or discussions
are superseded. No party has made any promise or inducement, which is not set forth in the
Contract Documents.

12

 

18. Confidentiality

	18.1	 	Each party and its employees, agents and subcontractors, agree to keep confidential and not
disclose to any third party (including any governmental agency or official), or use for any
purpose other than in connection with the performance of the Services specified under the
Contract Documents, any Technical Information (as defined in Article 18.3) which is
disclosed to it (the “Receiving Party”) by the other party (the “Disclosing Party”) in
connection with its performance under the Contract Documents, except such Technical
Information (a) as was known by the Receiving Party prior to execution of the Agreement, (b)
is disclosed to the Receiving Party by third parties that did not acquire it directly from the
Disclosing Party or (c) is then or thereafter becomes published or otherwise generally
available to the public; provided, however, that this exception shall not be deemed to grant
the Receiving Party a license to any invention of the Disclosing Party. If INSTALLER
defaults, Purchaser shall retain all rights to documents and designs for the purpose of
completing installation of the sytem.
	 
	18.2	 	Each party agrees to take all reasonable steps including, but not limited to, providing
similar signed agreements for employees, agents or subcontractors to prevent unauthorized
disclosure and use of Technical Information by its employees, agents and/or subcontractors.
	 
	18.3	 	The term “Technical Information” shall include all technical and engineering data and
know-how whether patented or unpatented, on processes, products, and equipment relating to the
Services, including operating procedures and instructions, flow diagrams, process and detailed
design data, specifications on plants and equipment, specifications for raw materials and
intermediate and final products and analytical methods.
	 
	18.4	 	Each party and its employees, agents and subcontractors agree not to make public nor discuss
information obtained during the course of negotiating and performing under the Agreement, with
any third parties, including any governmental officials or any other consultants without the
prior written approval of the other party, other than in connection with the performance of
the Services.
	 
	18.5	 	The above confidentiality provisions shall terminate five (5) years following termination of
this Agreement.

INTENDING TO BE LEGALLY BOUND, Purchaser and INSTALLER have signed this Agreement through their
duly authorized representatives effective as of the date set forth above.

INSTALLER

American Capital Energy, Inc.

	 	 	 	 	 
	By:

	 	/s/ Thomas Hunton
 

	 	 
	Printed name: Thomas Hunton	 	 
	Title: President	 	 

Crystal Rock Inc./Vermont Pure Holdings, LTD

	 	 	 
	/s/ John B. Baker
 

	 	 
	Printed name: John B Baker
	 	 
	Title: Executive Vice President
	 	 

13

 

Schedule 1: System Descriptions and Specifications

1. System Descriptions

	 	 	 	 	 	 	 
	 	 	Scope	 	Name/size	 	Description
	A
	 	1,764

	 	SCHOTT Solar 170
	 	SCHOTT Solar 170 Watt solar modules
	 	 	 
	 	 	 	 
	B
	 	1

	 	Satcon PowerGate

225 kW PV inverter
	 	225 kW PV inverter with isolation transformer
	 	 	 
	 	 	 	 
	C
	 	1

	 	Satcon PowerGate
30
kW PV inverter
	 	30 kW PV inverter with isolation transformer
	 	 	 
	 	 	 	 
	D
	 	1

	 	SunLink Mounting
system for 299.88

kW DC PV system
	 	SunLink Flat-Roof Mounting System for 299.88 kW DC PV system
	 	 	 
	 	 	 	 
	E
	 	1

	 	Fat Spaniel Remote

Data Acquisition

System
	 	Revenue Grade Meter, Solar Irradiance, Temperature, Wind
Speed, Maximum Power, Total Energy, Expected Performance —
typical weather data, Expected Performance — Actual Weather
Data, Integration with SatCon MODBUS

2. System Specifications

	2.1.	 	The System designs shall be consistent with a 25-year design life.
	 
	2.2.	 	The System shall be designed to withstand environmental conditions expected for the specified
sites, such as winds, temperature, and humidity.
	 
	2.3.	 	The System designs shall consider structural loads, such as seismic, wind, and vibration.
	 
	2.4.	 	PV modules shall be listed by Underwriter’s Laboratories (UL). Module data sheet(s) are
attached to this Schedule 1 and incorporated herein.
	 
	2.5.	 	The inverters shall be listed by Underwriter’s Laboratories (UL). Inverter data sheet(s) are
attached to this Schedule 1 and incorporated herein.
	 
	2.6.	 	All System components shall meet applicable national and local codes and standards for
grid-interconnected photovoltaic systems.
	 
	2.7.	 	All components shall have appropriate finish to prevent corrosion.
	 
	2.8.	 	The System will be designed and installed in a manner that makes the System eligible for the
Rebates and the data system shall provide output that is sufficient and accepted by CT
regulatory authorities as proof required for the Connecticut Solar Initiative program.

Schedule 1 to

Photovoltaic System Supply and

Installation Agreement

1

 

Schedule 2: Services Description and Specification

1. Services Description

	1.1.	 	INSTALLER will provide the following services.

	 	§ 	 	Mechanical layout and electrical design of the system (with necessary
engineering stamps)
	 
	 	§	 	Installation of a 299.88 kW dc solar electric system at 1050 Buckingham Street,
Watertown, CT
	 
	 	§	 	Unpacking and inspection of materials
	 
	 	§	 	Assembly of Standing Seam Metal Roof Mounting System for 299.88 kW DC PV system
	 
	 	§	 	Installation of a total of 1,764 (one thousand seven hundred sixty four) SCHOTT
Solar 170 Solar modules.
	 
	 	§	 	Installation of 2 (two) SatCon A/C inverter, A/C and D/C disconnects, one 225
kW and one 30 kW.
	 
	 	§	 	Conduit and inter panel wiring
	 
	 	§	 	Wiring of system into buildings primary power center
	 
	 	§	 	Comprehensive system performance testing
	 
	 	§	 	Up to 4 (four) hours of onsite system training for facilities personnel
	 
	 	§	 	Preparation of building and electrical permits as well as interfacing with
township personnel
	 
	 	§	 	Interfacing with CL&P and filing of interconnect paperwork
	 
	 	§	 	The site will be kept orderly and left with a neat and clean appearance

	 	1.1.1.	 	Design. INSTALLER will design the System according to Work Specifications in this
Schedule 2 and the System Descriptions and Specifications listed in
Schedule 1. INSTALLER will provide Purchaser and installation contractor with
Plot Plans and System drawings (mechanical, electrical, fabrication, and
installation), as needed, to demonstrate the System design and to support Purchaser
and installation contractor in permitting and utility interconnection of the System.
The System drawings will be stamped by licensed electrical, mechanical, or licensed
professional engineers as needed.
	 
	 	1.1.2.	 	Permits and agreements. INSTALLER will submit for and provide needed documentation
to obtain all applicable permits or utility interconnection agreements which are
required for the System. Such permits and agreements shall not change the zoning of
the Site nor the condition of the use of the Property and the improvements located
thereon.
	 
	 	1.1.3.	 	Fabrication and Integration. INSTALLER will fabricate or purchase all necessary
System components and integrate these components to meet the System Description and
Specifications listed in Schedule 1.

Schedule 2 to

Photovoltaic System Supply and

Installation Agreement

1

 

	 	1.1.4.	 	Installation. To the extent INSTALLER will be providing installation services,
INSTALLER will complete or manage through appointed sub-contracts all required
trenching, mechanical, and electrical work required for installation of the System,
according to specifications in this Schedule 2.
	 
	 	1.1.5.	 	Installation Management Services. INSTALLER will be prime contractor.
	 
	 	1.1.6.	 	Commissioning. INSTALLER will develop a System acceptance test protocol and
handover documents mutually satisfactory to INSTALLER and Purchaser, conduct the
acceptance test and prepare and supply an acceptance test report and handover
documents to Purchaser for the System.

	2.	 	Work Specifications
	 
	2.1.	 	To the best of their knowledge and subject to the constraints imposed by site conditions and
the Site host, INSTALLER will engineer, locate and install the System to optimize the kWh
output of the System over its lifetime.
	 
	2.2.	 	Installation shall meet all applicable local and national codes and standards.
	 
	2.3.	 	Installation shall be performed in accordance with OSHA standards.
	 
	2.4.	 	Workmanship shall be consistent with quality generally accepted in the industry.
	 
	2.5.	 	Services will be conducted in a manner that makes the System eligible for the Rebates
according to requirements at the date of contract execution.
	 
	2.6.	 	INSTALLER covenants that they will not violate any of roof warranties at the System location
in the installation and maintenance of the System.

Schedule 2 to

Photovoltaic System Supply and

Installation Agreement

2

 

Schedule 3: Purchaser Assistance Description

To aid in the installation of the System by INSTALLER and their subcontractor(s), Purchaser will
make arrangements with the Site tenants to:

	1.1.	 	Provide access to the installation Site during normal work days and weekends for the duration
of the project.
	 
	1.2.	 	Provide 20 Ampere, 120 volt AC construction power.
	 
	1.3.	 	Provide suitable work area for fabrication and installation of the System.

Schedule 3 to

Photovoltaic System Supply and

Installation Agreement

1

 

Schedule 4: Warranties

	1.	 	In addition to any manufacturers’ warranties, INSTALLER warrants the System will be free from
defects in workmanship for a period of five (5) years following the date of completion as
described in Section 10.2 (the “System Warranty Period”). Except as provided below, if the
System fails to perform in accordance with INSTALLER specifications during the System Warranty
Period, INSTALLER will, at their own expense and at no cost to Purchaser, have the System
repaired within a reasonable timeframe, but no later than thirty (30) days after breach of
warranty. If repair is not feasible, INSTALLER will coordinate with material supplier and
provide troubleshooting and replacement labor related to material warranties. If INSTALLER can
repair the System so that it can provide a portion of the specified dc-stc power rating,
INSTALLER may do so, and in such event shall refund a percentage of the purchase price equal
to the percentage reduction in actual dc-stc power rating after repair from the specified
dc-stc power rating.
	 
	2.	 	The warranties provided herein do not cover damage, malfunctions, service failures, or
reduced electricity production caused by:

	 	2.1.	 	Purchaser’s failure to follow INSTALLER’ operation instructions;
	 
	 	2.2.	 	Repair, modifications, or movement of the System or components thereof by
someone other than a INSTALLER approved service technician;
	 
	 	2.3.	 	Abuse, misuse or negligent acts; and
	 
	 	2.4.	 	Damage or system outages caused by electrical surges, electric service
outages, lightning, fire, flood, earthquake, wind, hail, pest, accident, actions of
third parties and other events outside INSTALLER’s reasonable control or not arising
under normal operating conditions.

Schedule 4 to

Photovoltaic System Supply and

Installation Agreement

1

 

Schedule 5: Price and Payment Schedule.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Payment	 	Payment Schedule	 	Estimated Date	 	Payment	 	Percent
	First Payment	 	Contract Signing
	 	8/22/07	 	 	$	208,983	 	 	10%	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Second Payment	 	Design/Engineering Complete
	 	9/22/07	 	 	$	104,492	 	 	5%	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Third Payment	 	Modules, Inverter, Mounting equipment on site
(COD-Payment wired to ACE)
	 	11/22/07	*	 	$	1,567,374	 	 	75%	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Fourth Payment	 	Completion of PV system and commissioning
	 	12/22/07	 	 	$	104,492	 	 	5%	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Final Payment	 	1st Month of Operation and system performance report
	 	1/22/07	 	 	$	104,492	 	 	5%	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Total	 	 
	 	Totals	 	 	 	2,089,832	 	 	100.00%	 

 

			
	*	 	Third payment shall be paid COD to ACE from Purchaser on day of equipment delivery to Site by wire transfer arranged
at least 5 days in advance of delivery. Actual delivery of equipment could occur from 30 to 90 days after closing
pending manufacturer inventories & production schedules. Multiple deliveries with multiple COD wire transfer payments
from Purchase to ACE are likely to avoid on-site storage of equipment to the extent possible. To the extent possible,
equipment deliveries will be scheduled such that $783,687 worth of equipment shall arrive and be paid for one month
prior to a second delivery worth $783,687.

Schedule 5 to

Photovoltaic System Supply and

Installation Agreement

1

 

Schedule 6: Project Schedule

The following are expected project milestones from contract signing.

	 	 	 
	Milestone	 	Estimated Date
	Design/Engineering Complete

	 	Day 30
	 
	 	 
	Modules/All Equipment on site

	 	 Day 30-60
	 
	 	 
	Panels mounted, Wiring complete, Inverter installed, 

Commissioning completed

	 	Day 120

1exv10w30

 

Exhibit 10.30

	 	 	 
	Contract No.                     

	 	PHOTOVOLTAIC Project

MASTER FINANCIAL ASSISTANCE AGREEMENT

     THIS MASTER FINANCIAL ASSISTANCE AGREEMENT (“Agreement”) is entered into as of August 20, 2007
(“Effective Date”), by and between CONNECTICUT INNOVATIONS, INCORPORATED, a specially chartered
Connecticut corporation acting solely as the administrator of the CONNECTICUT CLEAN ENERGY FUND
(“the CCEF”), a renewable energy investment fund created by Section 44 of Public Act 98-28, “An Act
Concerning Electric Restructuring”, codified as Connecticut General Statutes (“CGS”) Section
16-245n, having a place of business at 200 Corporate Place, Rocky Hill, Connecticut 06067, and
CRYSTAL ROCK LLC/VERMONT PURE HOLDINGS, LTD (“Owner”) a Connecticut corporation having a place of
business at 1050 Buckingham Street, Watertown, CT with each referred to herein as a “Party”, and
collectively as the “Parties”.

BACKGROUND

     WHEREAS, in accordance with a comprehensive plan developed by the CCEF to foster the growth,
development and commercialization of renewable energy sources and related enterprises, and to
stimulate demand for renewable energy and deployment of renewable energy sources that serve end use
customers in the State of Connecticut, CI has determined that it is in keeping with CGS Section
16-245n for the CCEF to fund certain commercial activities that support projects involving the use
of Photovoltaics for power production;

     WHEREAS, pursuant to a Request for Proposal (“RFP”) dated December 26, 2003, as amended,
regarding the CCEF’s photovoltaic initiative program, Owner submitted a proposal for financial
assistance for the procurement and installation by Owner of certain photovoltaic power generating
Equipment to be installed at Owner’s Facility located at 1050 Buckingham Street, Watertown,
Connecticut (“Project”); and

     WHEREAS, after a careful review of Owner’s proposal, CI has agreed to provide a monetary
grant to Owner in an amount not-to-exceed $1,287,677 plus the Southwest Connecticut Premium
production incentive (“SWCT Premium” — see Section 1.1.4) for the procurement and installation of
Photovoltaic power generating equipment (“Equipment’) for the Project under the CCEF’s On-Site
Distributed Generation Program;

     NOW, THEREFORE, in consideration of the mutual promises herein contained, the Parties hereby
agree as follows:

1. FUNDING.

     1.1 Grant. CI shall provide a grant to Owner in the aggregate amount not-to-exceed
$1,287,677 ( “Grant”) subject to the terms and conditions of this Agreement, which will be payable
to Owner as follows:

	 	1.1.1	 	Initial Grant Payment. CI will pay Owner fifty percent (50%) of the
Grant after the delivery to Owner site of all equipment identified in Schedule A
(“Project Details”) incorporated into this Agreement by this reference. Payment will be

1

 

	 	 	 
	Contract No.                     

	 	PHOTOVOLTAIC Project

	 	 	 	made
to Owner within ten (10) business days of delivery to CI of a letter substantially in
the form of Appendix I (Equipment Delivery to Site) of this Agreement attesting to
the delivery to Owner’s site of all Equipment and including appropriate documentation
of delivery of said Equipment.
	 
	 	1.1.2	 	Interim Grant Payment. CI will pay Owner forty percent (40%) of the
Grant on the date on which the Equipment has been installed, tested by Owner, and
accepted by Owner (the “Commissioning Date”), but only if all of the following
requirements shall have been met at time that CI’s pays forty (40%) of the Grant:

	 	1.1.2.1	 	The Equipment and its operation shall comply with all of the details and
specifications set forth in this Agreement;
	 
	 	1.1.2.2	 	Owner has provided CI with supporting documentation regarding the Equipment
and installation of said Equipment, including but not limited to manufacturer’s
warranties and satisfactory inspection and test reports;
	 
	 	1.1.2.3	 	CI has received an “Inspection Report” from an independent engineer selected
by CI stating that the Equipment has been installed at the Project Site in
accordance with the manufacturer’s instructions and all applicable code
requirements, has been tested, is operational and is capable of power generation
in substantially the amounts projected in Schedule A;
	 
	 	1.2.2.4	 	Owner has provided CI with all other required documentation, including copies
of all required licenses, approvals, cost reports and test reports, and
	 
	 	1.2.2.5	 	CI has received from Owner an executed letter substantially in the form of
Appendix II (Equipment Acceptance) attached to this Agreement, certifying
completion of the system commissioning and entry into operational service of the
generating Equipment, and requesting the interim funding.

	 	1.1.3	 	Final Grant Payment. Six months after the Commissioning Date, CI shall
pay to Owner the remaining ten percent (10%) of the Grant only if Owner has
demonstrated to CI’s satisfaction that the Equipment has produced during such six
months on an annualized basis at least seventy percent (70%) of the projected Annual AC
Production and if Owner has provided CI with an executed funding request substantially
in the form of Appendix III (Form of Funding Request) attached to this Agreement.
	 
	 	1.1.4	 	Southwest Connecticut Premium Payments. Coincident with the Final
Grant Payment described in Section 1.1.3, a payment of 50% of the total estimated
premium will be paid, subject to the conditions in Section 1.2 below. The estimated
premium will be the present value of the estimated annual kilowatt- hours for each year of the system’s expected life multiplied by $0.02, using a
discount rate of 10%.

2

 

	 	 	 
	Contract No.                     

	 	PHOTOVOLTAIC Project

	 	 	 	A second and final payment of the SWCT Premium will be made within one month of
the documentation to CI’s satisfaction of the first 12 months of kWh production.
This final payment will be the difference between the total estimated premiums,
adjusted based on the actual first year of operation, and the initial payment.

     1.2 Conditions to Grant Payments. CI shall have no obligation to provide any portion of the
Grant to Owner unless and until all of the following conditions have been satisfied by Owner in
CI’s reasonable discretion or have been waived by CI:

	 	1.2.1	 	The Equipment under this Agreement is installed and tested by Owner’s agent
and accepted by Owner;
	 
	 	1.2.2	 	All of the representations and warranties of Owner set forth in this Agreement
are true and correct;
	 
	 	1.2.3	 	Owner is not in Default; and
	 
	 	1.2.4	 	Owner has taken proper actions with respect to the Project as CI shall have
reasonably requested, including the timely provision of any “deliverables” (see Section
2 of this Agreement) due on or before the payment.

     1.3 Waiver; CI may waive satisfaction of any condition to any payments under this Agreement,
but each waiver shall be in writing and no such waiver shall extend to any subsequent Advance.

2. DELIVERABLES

     2.1 Deliverables. Owner agrees to the following deliverables under this Agreement and
failure to provide any of the deliverables shall result in an Event of Default under this
Agreement:

	 	2.1.1	 	The Project shall be Commissioned, which means the Equipment for the Project
shall be installed, prepared for startup, operationally tested, and fully operating, on
or before one year after the Effective Date;
	 
	 	2.1.2	 	Owner shall provide a final report describing all activity undertaken by Owner
during the course of the project, summarizing lessons learned, project costs actually
paid by Owner and an evaluation of the overall success and prospects for completion of
the project.
	 
	 	2.1.3	 	Owner, or its assignee(s), shall operate the Project in the State of
Connecticut for at least eight (8) years from the Commissioning date of the Project;

3

 

	 	 	 
	Contract No.                     

	 	PHOTOVOLTAIC Project

	 	2.1.4	 	For the commercial life of the Project, Owner shall make available, in real
time, limited operating data from the facility via a Fat Spaniel monitoring system, or
equivalent, acceptable to CI;
	 
	 	2.1.5	 	For the commercial life of the Project, Owner shall provide CI with reasonable
access to the site for educational purposes, project inspection; public relations or
other reasonable purposes;
	 
	 	2.1.6	 	Owner shall provide proof of any contractor and subcontractor’s insurance
policies evidencing a minimum of $1,000,000 liability insurance coverage;
	 
	 	2.1.7	 	For the commercial life of the Project, Owner shall insure the Project and
equipment at replacement cost and list CI as an additional loss payee;
	 
	 	2.1.8	 	For the commercial life of the Project, Owner shall provide prominent and
visible signage at the project site and acknowledgment in all of Owner’s promotional
materials recognizing CI’s contribution to the project in a form acceptable to CI.
	 
	 	2.1.9	 	Owner shall invite a CI or the CCEF representative to a “kickoff” meeting when
Owner begins project-specific activity.
	 
	 	2.1.10	 	If requested by CI, Owner shall conduct periodic project status meetings with meeting
minutes and action items written up and sent to CI.
	 
	 	2.1.11	 	For the commercial life of the Project, Owner shall provide annual reports to CI
regarding the economic and technical performance of the project.

     2.2 Failure to Deliver. The failure to deliver any of the deliverables in Section 2.1 of this
Agreement shall be an Event of Default and CI will be entitled to all remedies under Section 5.2 of
this Agreement.

3. REPRESENTATIONS AND WARRANTIES

	 	3.1	 	Of Owner. Owner represents and warrants to CI as follows:
	 
	 	3.1.1	 	Owner is a corporation, duly organized and validly existing under the
laws of its jurisdiction of organization and, if not organized under the laws of the
State of Connecticut, duly authorized to transact business in the State of Connecticut,
with all requisite power and authority to (i) develop the Project, install, own and
operate the Equipment; and (ii) enter into and perform this Agreement, and to incur the
obligations herein provided. The execution, delivery and performance by Owner of this
Agreement have been or will be duly authorized and approved
by all necessary governmental authorities or other third parties and do not and will
not violate Owner’s organizational documents or any applicable law or any agreement
or instrument to which Owner is a party or by which it is bound or by which any of
its properties may be affected. This Agreement is the legal, valid

4

 

	 	 	 
	Contract No.                     

	 	PHOTOVOLTAIC Project

	 	 	 	and binding
obligation of Owner, enforceable against it in accordance with its terms. 3.1.2
There are no actions, suits or proceedings pending, or to its knowledge, threatened
against Owner that could reasonably be expected to affect the Project before any
court or other governmental authority or before any arbitrators.

	 	3.1.2	 	All information furnished or to be furnished by Owner pursuant to the terms
hereof will not, at the time the same is furnished, contain any untrue statement of a
material fact and will not omit to state a material fact necessary in order to make the
information so furnished, in the light of the circumstances under which such
information is furnished, not misleading.
	 
	 	3.1.3	 	Owner’s Proposal accurately reflects all material costs and expenses expected
to be incurred in connection with the Project, and accurately reflect the anticipated
time period for the implementation of each material part of the Project;
	 
	 	3.1.4	 	Owner is making reasonable efforts, to obtain all governmental approvals
necessary for the Project , and to the best of Owner’s knowledge and belief, no state
of facts exists that would make it impossible or impractical to obtain any governmental
approvals necessary for the construction, sponsorship, operation and/or maintenance of
the Project, as currently planned;
	 
	 	3.1.5	 	The Equipment for the Project meets all of the requirements set forth in the
RFP resulting in this Agreement;
	 
	 	3.1.6	 	The Equipment for the Project is of a size, design, capacity and manufacture
selected solely by Owner; and
	 
	 	3.1.7	 	Owner has selected the Equipment based on its own judgment, and expressly
disclaims reliance on any statements made by CI or its agents relating thereto.
	 
	 	3.1.8	 	Regarding certain State contracting matters:

	 	3.1.8.1	 	Neither Owner nor any Related Party has provided to any employee of CI on or
after July 1, 2005, any items of value for which full payment has not been
made.
	 
	 	3.1.8.2	 	In connection with the application for, and solicitation and award of, the
financial assistance provided pursuant to this Agreement, neither Owner nor any
Related Party committed any violation of the Connecticut Code of Ethics for
Public Officials and Lobbyists, Chapter 10 of the General
Statutes (the “Code of Ethics”) or intentionally and knowingly violated any
applicable requirement of the request for proposals or other applicable
law.
	 
	 	3.1.8.3	 	Neither Owner nor any Related Party has been found to have violated the

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	 	 	 	Code of Ethics or Section 4a-100 of the General Statutes, or has been suspended
or disqualified from bidding on contracts with the State of Connecticut or any
department, agency or quasi-public agency thereof.

	 	3.2	 	Of CI. CI represents and warrants as follows:
	 
	 	3.2.1	 	CI represents and warrants to Owner that it has all requisite power and
authority to enter into and perform this Agreement and the obligations herein provided.
The execution, delivery and performance by CI of this Agreement has been or will be
duly authorized by all necessary Federal, State and local agencies and boards and does
not and will not violate any Law (including without limitation CGS Section 16-245n) or
any agreement, instrument or evidence of indebtedness to which CI is a party or by
which it is bound or by which any of its properties may be affected. This Agreement is
the legal, valid and binding obligations of CI, enforceable against it in accordance
with its terms.
	 
	 	3.2.2	 	CI neither makes nor shall be deemed to have made any warranty or
representation, express or implied, concerning the Project or Equipment, including,
without limitation, any warranty or representation as to design, quality, capability,
title or condition or as to merchantability or fitness for any particular purpose.
Owner understands and acknowledges that CI did not select, manufacture or supply the
Equipment. Owner will look solely to the manufacturer for delivery of the Equipment.
Owner hereby waive any claim (including any claim based on strict or absolute liability
in tort) either might have against CI for any loss, damage (including incidental or
consequential damage) or expense caused by the Project or the Equipment.

4. COVENANTS.

     4.1 Covenants of Owner. Until the eighth anniversary of the Commissioning Date, Owner agrees
as follows:

	 	4.1.1	 	Status and Location. Owner shall maintain its legal existence in its
jurisdictions of organization with authority to transact business in the State of
Connecticut.
	 
	 	4.1.2	 	Commissioning Date. Owner shall diligently cause the Commissioning Date to
occur as shown in Schedule B (Project Schedule), but in any event, no later than one
year from the Effective Date, and use its best efforts to acquire, preserve and protect
all of the rights, interest and properties necessary for the Project. Owner shall
install the Equipment, or cause the Equipment to be installed, in a manner
consistent with any installation manual prepared by the manufacturer or supplier of
the Equipment. Owner shall notify CI immediately of the occurrence of any event or
contemplated action (including the threat and/or commencement of any legal
proceedings) which could have a material adverse effect on the Project (including a
material deviation from the specifications set forth in Schedule A),

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	 	 	 	together with a
recommended course of action.
	 
	 	4.1.3	 	Operation of Project. Owner shall maintain the Equipment at the Project Site
and shall use and operate the Equipment solely to meet Owner’s energy needs. Owner
shall (a) operate the Equipment in accordance with the supplier’s or manufacturer’s
instructions, consistent with warranty and insurance requirements; and (b) maintain the
Equipment in good repair, working order and condition and make all needed and proper
repairs, renewals, replacements, additions or improvements thereto and immediately
notify CI of any event causing loss or depreciation in the value of the Equipment.
Without limiting the generality of the foregoing, Owner shall use commercially
reasonable efforts to ensure that the Equipment is operated for its intended purpose
for at least eight (8) years from the Commissioning Date. Owner shall not take any
action to replace, retrofit, upgrade or otherwise materially alter the Equipment
without the prior written consent of CI, which shall not be unreasonably withheld.

     4.2 Access to and Public Notice of Information. The following obligations of Owner shall not
terminate for the life of the Project:

	 	4.2.1	 	Except as set forth in the next sentence, CI shall have the right to collect,
review, analyze, utilize and disseminate to third parties and the public all
information relating to the Project, including data directly related to the Project’s
economic, social and operational benefits, as well as Equipment performance,
installation costs and operating costs. Owner shall obtain the authorization, in any
applicable contract or otherwise, of each such Person furnishing reports with respect
to the Project to specifically allow CI to rely on such reports and work product, to
use it for other purposes and to disseminate it to third parties; provided, however,
the Person supplying such reports and work product (i) may limit its liability with
respect to the reuse thereof for purposes unrelated to the Project and (ii) may
restrict, subject to applicable law (including the Freedom of Information Act), CI’s
public disclosure of any non-public confidential and/or proprietary information or
trade secrets by conspicuous written indication of such restriction at the time of
disclosure. Without limiting the generality of the foregoing, CI shall be entitled to
access to, and the right to obtain and use copies of, all operation, maintenance and
similar data relating to the Equipment.
	 
	 	4.2.2	 	In connection with the terms and conditions of this Agreement, Owner shall
describe the Photovoltaic system and make all real-time and historical operating
information with respect to the Project available to CI, including operating hours,
power output, and any other available operating data reasonably requested by CI,
through the installation and continued operation of an energy monitoring system such
as Fat Spaniel or an equivalent system acceptable to CI. In addition, Owner shall
facilitate a hyperlink between its web site, CI’s web site and any other web sites
as CI may reasonably request.

     4.3 Compliance with Laws. Owner shall comply with all applicable laws affecting

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or applicable
to the Project. Without limiting the generality of the foregoing, Owner shall timely secure,
preserve, renew and maintain all governmental approvals and its material private rights and
licenses relating to the Project. Promptly upon the issuance thereof, Owner shall furnish to CI a
copy of all governmental approvals issued, and actions taken, by any governmental authority with
regard to, or otherwise affecting, the Project.

     4.4 Replacement of Equipment. Owner may replace items of the Equipment that Owner determines
are not working properly or operating efficiently if (i) Owner notifies CI of the proposed
replacement at least thirty (30) days in advance of such action and CI does not reasonably object
to such replacement, and (ii) such replacement occurs in accordance with applicable law.

     4.5 Payment of Obligations. Owner shall pay and discharge all lawful claims and demands
whatsoever, including trade obligations, arising in connection with, and/or relating to, the
Project; provided, however, that the payment of any obligations may be postponed so long as they
are being diligently contested in good faith and by appropriate proceedings, appropriate reserves
have been provided therefor by Owner, and no lien is placed on the Equipment in connection with
such contest. Owner shall defend the Equipment against all claims and demands of any party at any
time claiming any interest therein.

     4.6 Insurance. Owner shall maintain fire, extended coverage and other hazard insurance
policies with respect to the Equipment, in amounts not less than the replacement value of the
Equipment, and shall maintain liability insurance in form and amount reasonably satisfactory to CI.
Each policy of insurance shall (a) include a clause that it cannot lapse or be canceled or
modified except upon at least (30) days’ prior written notice to CI; and (b) be issued by a company
licensed to provide such insurance in the State of Connecticut and reasonably acceptable to CI.

     4.7 No Corrupt Practices. Owner shall not pay, offer or promise to pay, or give any money or
anything of value, directly or indirectly, to any party involved with the Project, any officer or
employee of a governmental authority, or to any political party or candidate for political office
for the corrupt purpose of inducing any such party, official, political party or candidate to
misuse its position or to influence any act or decision of a governmental authority in order to
obtain, retain or direct business to or otherwise influence a decision in favor or for the direct
or indirect benefit of Owner, in violation of any applicable law.

     4.8 Program Compliance. Owner shall comply with the reasonable requirements of the Program,
provided that they shall not be required to take any action or refrain from taking any action that
will adversely affect the operation and/or long-term viability of the Project.

     4.9 Financial Management Systems. Owner shall keep a full and complete account of all Project
costs. Owner also shall maintain complete books, records, and financial management systems for the
Project reasonably acceptable to CI until three years from the Commissioning Date. Such systems
shall provide: (a) accurate, current and complete disclosure of the financial activity relating to
the Project, (b) separate accounting for Project funds from other activities and accounts of Owner,
(c) effective control over and accountability for all

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Project funds, property and other assets, (d)
comparison of actual outlays for Project costs with budgeted amounts, and (e) accounting records
supported by source documentation. All of such systems shall be subject to audit by CI, at the
election of CI and at its expense.

     4.10 Reports. Periodic reports on the technical and economic performance of the Project shall
be provided by Owner to CI as described in this Agreement quarterly. The reports shall include
monthly electric bills for the CL&P Electric Meter, which has the Photovoltaic system installed on
it.

     4.11 Access to Project Site. Owner shall provide reasonable access to the site for
educational purposes, case study development, project inspection; public relations or other
reasonable purposes to individuals or ups designated by CI.

     4.12 Class I Renewable Energy Credits. Owner shall be entitled to all Class I Renewable
Energy Credits (“RECs”) produced by the Project, but may share ownership as indicated on Schedule
A (Project Details) and CI shall be entitled to all other environmental attributes or credits
produced or associated with the Project during the life of the Project including but not limited to
greenhouse gas credits, emissions credits, tradable carbon credits, and all other types of tradable
emission reduction commodities however named that are presently known or designated or created in
the future.

     4.13 Interconnection. At least thirty (30) days prior to the delivery of the Equipment to the
Project Site, Owner shall ensure the appropriate interconnection of the Equipment to any utility
service providers responsible for the provision of electricity, gas and telecommunications services
to the Project.

     4.14 Indemnification. Owner agrees to indemnify CI, the CCEF, and their respective officers,
directors, employees, agents and affiliates against, and defend and hold each of them harmless,
from any and all claims or liabilities related to or arising in any manner from this financing or
the Project other than claims or liabilities resulting primarily from the negligence or willful
misconduct of CI.

     4.15 Education and Outreach: Owner shall cooperate with CI’s marketing and outreach
activities as agreed to in the “Deliverables” terms and as stated below:

	 	4.15.1	 	Subject to approval as to form by CI, Owner shall acknowledge the CCEF’s financial
assistance pursuant to this Agreement in Owner’s promotional materials, signage at the
Project Site and on their web sites to the effect of “This clean
energy project was made possible by the support of the Connecticut Clean Energy
Fund.”
	 
	 	4.15.2	 	Owner shall issue press releases and seek out periodicals interested in publishing
articles mentioning the Project
	 
	 	4.15.3	 	Owner shall host a “dedication” event to be coordinated with CI to be attended by
such persons as CI may reasonably request

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	 	4.15.4	 	Owner shall arrange for public access to the Project Site at such times as CI may
reasonably request, at least annually, subject to facility availability
	 
	 	4.15.5	 	Owner shall participate annually if requested by CI in a meeting or workshop
promoting photovoltaic technology and imparting information developed from the Project.
	 
	 	4.15.6	 	CI and Owner agree to discuss collaboration, on a voluntary basis, on other projects
or programs that may be reasonably suggested by either party, and which are consistent
with the objectives of both organizations, to jointly promote employee or community
participation in other clean energy projects or outreach/ educational programs.
Examples of such projects or programs include:

	 	4.15.6.1	 	Encouraging enrollment in the CTCleanEnergyOptions program offered to all
customers of CL&P and UI
	 
	 	4.15.6.2	 	Publicizing practicable renewable energy and energy conservation
technologies and encouraging employees and others in the local
community to implement them
	 
	 	4.15.6.3	 	Directly supporting renewable energy generation through the purchase
of Renewable Energy Credits, offsetting a percentage of electricity use
	 
	 	4.15.6.4	 	Publicizing “green” activities (including this project) or programs that
may be of interest to each other’s constituencies on each other’s
websites, newsletters or other media, as appropriate.

	 	4.15.7	 	Owner shall add information to the Owner’s Website regarding the economic savings and
avoided pollutants resulting from this Project.
	 
	 	4.16	 	Advertising.
	 
	 	4.16.1	 	Neither party nor its subcontractors or agents shall use in any advertising or sales
promotion, any endorsements, direct or indirect quotes, or pictures that imply
endorsement by the other party or any of its employees without such party’s prior
approval.
	 
	 	4.16.2	 	Owner will submit to CI and CI will submit to Owner, for review, prior to
publication, all press releases relating to the Project that mention or display one
another’s name and/or marks or contain language from which a connection to said name
and/or marks may be inferred or implied. Nothing herein, however, shall be construed
as preventing either party from publicly stating the fact that it has executed this
Agreement with the other party.
	 
	 	4.16.3	 	Nothing in this Agreement shall grant, suggest, or imply any authority for one

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	 	 	 	party
to use the name, trademarks, service marks, logos, or trade names of the other party in
any advertising, press releases, publicity matters, marketing and/or promotional
materials or for any other commercial purpose without prior approval from such other
party.

     4.17 Information and Inspection. Owner shall allow CI on at least one occasion in each fiscal
year, and more frequently upon the occurrence of an Event of Default by Owner under this Agreement,
upon reasonable notice, to inspect Owner’s financial records, properties and assets comprising the
project under this Agreement.

   5. DEFAULT AND REMEDIES

     5.1 Default by Owner. The occurrence of any one or more of the following events shall
constitute an event of default by Owner (an “Event of Default”):

	 	5.1.1	 	Failure to commence construction of the Project within three months from the
date of this Agreement and failure to diligently prosecute completion of the Project;
	 
	 	5.1.2	 	Owner significantly deviates from the scope of work for the Project as set
forth in Schedule A, in the reasonable judgment of CI, and fails to correct such
deviation within thirty (30) days after written notice from CI;
	 
	 	5.1.3	 	Any warranty or representation of Owner in this Agreement is incorrect in any
material respect;
	 
	 	5.1.4	 	Owner is in default of any of its Covenants under this Agreement and such
default continues unremedied for thirty (30) days after written notice from CI; or
	 
	 	5.1.5	 	Bankruptcy, reorganization, receivership, insolvency or liquidation
proceedings, or other proceedings under similar law for the relief of debtors are
instituted by or against Owner, and, if instituted against it, are allowed against it
or are consented to by Owner or are not dismissed within sixty (60) days after
institution.
	 
	 	5.1.6	 	Owner and/or Owner fail to provide one or more of the deliverables under
Section 2.1 of this Agreement.

     5.2 Remedies upon Event of Default. Upon and after the occurrence of an Event of Default, and
Owner does not remedy the default within (90) days, CI may terminate any obligation on its part to
provide any further funding to Owner under this Agreement and may seek all other remedies available
to it at law and in equity, including, upon and after the occurrence of an Event of Default,
repayment by Owner to CI of the total grant amount received from CI plus interest from the date of
Grant disbursement.

     5.3 Security Interest.

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     5.3.1 To secure prompt and complete payment and performance of the Obligations (as defined
below), Owner hereby pledges, assigns, transfers and grants to CI, as agent and administrator of
CCEF, a continuing security interest, which shall be subordinated to all existing subordinate debt
and any existing or future bank debt In connection therewith, Owner hereby represents and warrants
that it is a corporation/limited liability company/other legal entity duly
organized/incorporated/formed, validly existing and in good standing under the laws of the State of
Connecticut, and Owner hereby agrees to take any and all actions that CI may request from time to
time by way of obtaining, executing, delivering and filing financing statements, assignments,
landlord’s or mortgage’s waivers, and other notices and amendments and renewals thereof, and Owner
will take any and all steps and observe such formalities as CI may request in order to create and
maintain a valid and enforceable lien upon, and security interest in, the Collateral. CI is
authorized to file financing statements without the signature of Owner and to execute and file such
financing statements on behalf of Owner as specified by the Uniform Commercial Code of the State of
Connecticut (the “UCC”) to perfect or maintain the security interest granted herein. So long as
any Obligations remain outstanding, Owner shall (i) not permit to incur or suffer any loss, theft,
substantial damage or destruction of any of the Collateral, and (ii) provide written notice to CI
of any change of location of the Collateral or any change in the jurisdiction of
organization/incorporation/formation of Owner within five (5) business days of the occurrence
thereof.

     5.3.2 As used in this Section 5.3, the following terms shall have the following definitions:

          5.3.2.1 “Collateral” means all equipment purchased (at any time) by Owner with proceeds of the
Grant, including without limitation the Equipment, and any and all accessions and additions
thereto, and any and all replacements and proceeds thereof (including proceeds of insurance
policies payable by reason of loss of the foregoing).

          5.3.2.2 “Obligations” means the obligations of Owner (i) to pay to CI any amounts due to CI
under this Agreement, including without limitation the repayment to CI and agent of the CCEF of a
dollar amount equal to the total amount of the Grant received by Owner plus interest upon and after
the occurrence of an Event of Default as set forth in Section 5.2 above, and/or (ii) to reimburse
CI, on demand, for all of CI’s expenses and costs, including the reasonable fees and expenses of
its legal counsel, in connection with any enforcement of this Agreement, including the security
interest granted hereunder, and including, without limitation,
any proceeding brought or threatened to enforce payment of any of the obligations referred to in
the foregoing.

          5.3.2.3 All undefined terms used in this Section 5.3 shall have the meanings for such terms
set forth in the UCC, including without limitation the definitions of “proceeds” and “accessions”.

     5.3.3 Owner hereby irrevocably constitutes and appoints CI, as agent for the CCEF, and any of
officer or CI thereof with full power of substitution, as its true and lawful attorney-in-fact with
full irrevocable power and authority in the place and stead of Owner and in the name of Owner or
in its own name, from time to time in CI’s discretion, for the purpose of carrying out

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the terms of
this Section 5.3, to take any and all appropriate action and to execute any and all documents and
instruments which may be necessary or desirable to accomplish the purposes of this Section 5.3.
Owner also authorizes CI, at any time and from time to time, to execute, in connection with the
sale provided for in Section 5.3.4 hereof, any endorsements, assignments or other instruments of
conveyance or transfer with respect to the Collateral. The powers conferred on CI hereunder are
solely to protect CI’s interests in the Collateral and shall not impose any duty upon CI to
exercise any such powers. CI and the CCEF shall be accountable only for amounts that they actually
receives as a result of the exercise of such powers, and neither they nor any of their officers,
directors, employees or agents shall be responsible to Owner for any act or failure to act
hereunder, except for its own gross negligence or willful misconduct.

     5.3.4 If an Event of Default shall occur, CI may exercise, in addition to all other rights and
remedies granted to CI in this Agreement and in any other instrument or agreement securing,
evidencing or relating to the Obligations, all rights and remedies of a secured party under the
UCC.

     5.3.5 All authorizations and agencies herein contained with respect to the Collateral are
irrevocable and powers coupled with an interest.

6. RELATIONSHIP OF PARTIES; LIMITATIONS.

     6.1 No Joint Venture. This Agreement does not create a partnership or joint venture between
the Parties. Without limiting the generality of the foregoing, except for the funding contemplated
in the Agreement, CI and the CCEF shall not be liable under any circumstances for the obligations
and liabilities of Owner and/or any other obligations and liabilities arising out of, or relating
to, the activities of Owner, including without limitation, under the Project.

     6.2 Expenses. Whether or not the transactions contemplated by this Agreement are consummated,
each Party shall pay the fees and expenses of its counsel, accountants, other experts, and all
other expenses incurred by such Party in connection with the transactions contemplated under this
Agreement, including all expenses incurred by such Party incident to the negotiation, preparation
and execution of this Agreement.

7. ASSIGNMENT.

     7.1 Except as specified below, the rights and obligations of the Parties to this Agreement may
not be assigned by Owner, and such assignment shall be void, except upon the express written
consent of CI, which consent shall not unreasonably be withheld, conditioned, delayed or denied.
As a condition of its consent, any person to whom an assignment is made shall be required to
demonstrate, to the reasonable satisfaction of CI, that it is capable of fulfilling Owner’s
obligations hereunder.

     7.2 Notwithstanding Section 7.1, Owner shall have the right to assign, without the consent of
CI, its rights to any payments received under this Agreement to any bank, insurance company or
similar financial institution providing financing to Owner, provided that no such

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assignment shall
relieve Owner of responsibility or liability for the due performance of this Agreement by its
assignee. CI agrees, upon receipt of a written request from Owner, to make all payments otherwise
payable to Owner under this Agreement to such secured party until Owner or such secured party shall
have delivered to CI a written release and termination of such assignment and CI may conclusively
rely on such notifications.

8. TRANSFER OF OWNERSHIP

     8.1 Prior to Owner transferring controlling equity ownership interest of its legal ownership
structure(s) or the Project or Equipment Owner will provide CI written notice of Owner’s intent to
transfer ownership at least one-hundred and twenty days (120) prior to any such transfer. Any
person or entity to whom a transfer of ownership is made shall be required to demonstrate that it
is capable of fulfilling Owner’s obligations hereunder.

9. TERM; TERMINATION.

     9.1 Term. This Agreement shall remain in effect from the Effective Date until the date that
the Project is decommissioned.

     9.2 Termination. Either Party (the “Non-Breaching Party”) may terminate this Agreement upon
written notice to the other Party (the “Breaching Party”) given after the occurrence of any one of
the following events:

	 	9.2.1	 	Any warranty or representation by such Breaching Party proves incorrect in any
material respect, and if curable, such misrepresentation continues unremedied for
thirty (30) days after written notice from such Non-Breaching Party to the Breaching
Party; or
	 
	 	9.2.2	 	Such Breaching Party defaults in the due observance of any of the covenants or
agreements of such Breaching Party set forth in this Agreement, and if curable,
such default continues unremedied for thirty (30) days after written notice from such
Non-Breaching Party to such Breaching Party.

     9.3 Remedies. Except as expressly limited by this Agreement, upon termination of this
Agreement, the Non-Breaching Party shall have all rights and remedies available hereunder, at law
and in equity. The Non-Breaching Party shall not be required to terminate this Agreement to
enforce any rights or remedies that it may have at law or in equity.

10. STATE CONTRACTING OBLIGATIONS

	 	10.1.	 	Owner understands and agrees that because the provisions contained in Section 10 must
be provided in the Agreement as they were originally written under state contracting
requirements, for the purposes of this Section only, “Owner” shall have

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	 	 	 	the same meaning as
“Contractor.” Owner agrees to comply with all of the following state contracting
obligations during the Term of Agreement:

	 	10.1.1.	 	Executive Order No. 3: Nondiscrimination. This Contract is subject to
the provisions of Executive Order No. Three of Governor Thomas J. Meskill
promulgated June 16, 1971, and, as such, this Contract may be canceled, terminated
or suspended by the State Labor Commissioner for violation of or noncompliance with
said Executive Order No. 3 or any state or federal law concerning
nondiscrimination, notwithstanding that the Labor Commissioner is not a party to
this Contract. The parties to this Contract, as part of the consideration hereof,
agree that said Executive Order No. 3 is incorporated herein by reference and made
a part hereof. The parties agree to abide by said Executive Order and agree that
the State Labor Commissioner shall have continuing jurisdiction in respect to
Contract performance in regard to nondiscrimination, until the Contract is
completed or terminated prior to completion. The Contractor agrees, as part
consideration hereof, that this Contract is subject to the Guidelines and Rules
issued by the State Labor Commissioner to implement Executive Order No. 3 and that
the Contractor will not discriminate in employment practices or policies, will file
all reports as required, and will fully cooperate with the State of Connecticut and
the State Labor Commissioner.
	 
	 	10.1.2.	 	Executive Order No. 16: Violence in the Workplace Prevention Policy.
This Contract is subject to provisions of Executive Order No. 16 of Governor John
J. Rowland promulgated August 4, 1999, and, as such, this Contract may be
cancelled, terminated or suspended by the Contracting agency or the State for
violation of or noncompliance with said Executive Order No. 16. The parties to
this Contract, as part of the consideration hereof, agree that:

(1) Contractor shall prohibit employees from bringing into the state work site,
except as may be required as a condition of employment, any weapon/dangerous
instrument defined in Section 2 to follow;

(2) weapon means any firearm, including a BB gun, whether loaded or unloaded,
any knife (excluding a small pen or pocket knife), including a switchblade or
other knife having an automatic spring release device, a stiletto, any police
baton or nightstick or any martial arts weapon or electronic defense weapon.
Dangerous instrument means any instrument, article or substance that, under the
circumstances, is capable of causing death or serious physical injury;

(3) Contractor shall prohibit employees from attempting to use, or threaten to
use, any such weapon or dangerous instrument in the state work site and
employees shall be prohibited from causing, or threatening to cause, physical
injury or death to any individual in the state work site;

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(4) Contractor shall adopt the above prohibitions as work rules, violation of
which shall subject the employee to disciplinary action up to and including
discharge. The Contractor shall require that all employees are aware of such
work rules;

(5) Contractor agrees that any subcontract it enters into in the furtherance of
the work to be performed hereunder shall contain the provisions 1 through 4,
above.

	 	10.1.3.	 	Executive Order No. 17: Connecticut State Employment Service Listings.
This Contract is subject to provisions of Executive Order No. 17 of Governor Thomas
J. Meskill promulgated February 15, 1973, and, as such, this Contract may be
canceled, terminated or suspended by the Contracting agency or the State Labor
Commissioner for violation of or noncompliance with said Executive Order Number 17,
notwithstanding that the Labor Commissioner may not be a party to this Contract.
The parties to this Contract, as part of the consideration hereof, agree that
Executive Order No. 17 is incorporated herein by reference and made a part hereof.
The parties agree to abide by said Executive Order and agree that the Contracting
agency and the State Labor Commissioner shall have joint and several continuing
jurisdiction in respect to Contract performance in regard to listing all employment
openings with the Connecticut State Employment Service.

	 	10.2.	 	Campaign Contribution Restrictions. On February 8, 2007, Governor Rell signed
into law Public Act 07-1, An Act Concerning the State Contractor Contribution Ban and Gifts
to State and Quasi-Public Agencies. For all State contracts as defined in P.A. 07-1 having
a value in a calendar year of $50,000 or more or a combination or series of such agreements
or contracts having a value of $100,000 or more, the authorized signatory to this Agreement
expressly acknowledges receipt of the State Elections Enforcement Commission’s notice
advising state contractors of state
campaign contribution and solicitation prohibitions, and will inform its principles of
the contents of the notice. See SEEC Form 11 attached.
	 
	 	10.3.	 	Nondiscrimination and Affirmative Action Provisions in Contracts of the State and
Political Subdivisions Other Than Municipalities. Owner agrees to comply with
provisions of § 4a-60 of the Connecticut General Statutes:

(a) Every Contract to which the state or any political subdivision of the state
other that a municipality is a party shall contain the following provisions:

(1) The Contractor agrees and warrants that in the performance of the Contract such
Contractor will not discriminate or permit discrimination against any person or group
of persons on the grounds of race, color, religious creed, age, marital status,
national origin, ancestry, sex, mental retardation or physical disability, including,
but not limited to, blindness, unless it is shown by such Contractor that such
disability prevents performance of the work involved, in any manner

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prohibited by the
laws of the United States or of the state of Connecticut. The Contractor further
agrees to take affirmative action to insure that applicants with job-related
qualifications are employed and that employees are treated when employed without
regard to their race, color, religious creed, age, marital status, national origin,
ancestry, sex, mental retardation, or physical disability, including, but not limited
to, blindness, unless it is shown by such Contractor that such disability prevents
performance of the work involved;

(2) the Contractor agrees, in all solicitations or advertisements for employees
placed by or on behalf of the Contractor, to state that is an “affirmative
action-equal opportunity employer” in accordance with regulations adopted by the
commission

(3) the Contractor agrees to provide each labor union or representative of workers
with which such Contractor has a collective bargaining agreement or other Contract or
understanding and each vendor with which such Contractor has a Contract or
understanding, a notice to be provided by the commission advising the labor union or
workers’ representative of the Contractor’s commitments under this section, and to
post copies of the notice in conspicuous places available to employees and applicants
for employment;

(4) the Contractor agrees to comply with each provision of this section and Conn.
Gen. Stat. §§ 46a-68e and 46a-68f and with each regulation or relevant order issued
by said commission pursuant to Conn. Gen. Stat. §§ 46a-56, 46a-68e and 46a-68f;

(5) the Contractor agrees to provide the commission of human rights and opportunities
with such information requested by the commission, and permit access to pertinent
books, records and accounts, concerning the employment practices and procedures of
the Contractor as relate to the provisions of this section and Conn. Gen. Stat.
§ 46a-56. If the Contract is a public works Contract, the
Contractor agrees and warrants that he will make good faith efforts to employ
minority business enterprises as subcontractors and suppliers of materials on such
public works project.

(b) For the purposes of this section, “minority business enterprise” means any
small Contractor or supplier of materials fifty-one per cent or more of capital stock,
if any, or assets of which is owned by a person or persons:

(1) who are active in the daily affairs of the enterprise;

(2) who have the power to direct the management and policies of the enterprise; and

(3) who are members of a minority, as such term is defined in subsection (a) of Conn.
Gen. Stat. § 49-60g.

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	Contract No.                     

	 	PHOTOVOLTAIC Project

(c) For the purposes of this section, “good faith” means that degree of diligence
which a reasonable person would exercise in the performance of legal duties and
obligations. “Good faith efforts” shall include, but not be limited to, those reasonable
initial efforts necessary to comply with statutory or regulatory requirements and
additional or substituted efforts when it is determined that such initial efforts will
not be sufficient to comply with such requirements. Determinations of the Contractor’s
good faith efforts shall include but shall not be limited to the following factors: The
Contractor’s employment and subcontracting policies, patterns and practices; affirmative
action advertising; recruitment and training; technical assistance activities and such
other reasonable activities or efforts as the commission may prescribe that are designed
to ensure the participation of minority business enterprises in public works projects.

(d) The Contractor shall develop and maintain adequate documentation, in a manner
prescribed by the commission, of its good faith efforts.

(e) Contractor shall include the provisions of subsection (a) of this section in
every subcontract or purchase order entered into in order to fulfill any obligation of a
Contract with the state and such provision shall be binding on a subcontractor, vendor
or manufacturer unless exempted by regulations or orders of the commission. The
Contractor shall take such action with respect to any such subcontract or purchase order
as the commission may direct as a means of enforcing such provisions including sanctions
for noncompliance in accordance with Conn. Gen. Stat. § 46a-56; provided, if such
Contractor becomes involved in, or is threatened with, litigation with a subcontractor
or vendor as a result of such direction by the commission, the Contractor may request
the state of Connecticut to enter into such litigation or negotiation prior thereto to
protect the interests of the state and the state may so enter.

11. MISCELLANEOUS

     11.1 Waivers. Either Party by written notice to the other, may (a) extend the time for the
performance of any of the obligations or other actions of the other; (b) waive any inaccuracies in
the representations or warranties of the other contained in this Agreement; (c) waive compliance
with any of the covenants of the other contained in this Agreement; and (d) waive or modify
performance of any of the obligations of the other. Except as provided in the preceding sentence,
no action taken pursuant to this Agreement, including any investigation by or on behalf of any
Party, shall be deemed to constitute a waiver by the Party taking such action of compliance with
any representations, warranties, covenants or agreements contained herein. The waiver by any Party
of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any
subsequent breach.

     11.2 Notices. All notices, requests, demands and other communications which are required or
may be given under this Agreement shall be in writing and shall be deemed to have been duly given
if sent by registered or certified mail, return requested, postage prepaid, or

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	Contract No.                     

	 	PHOTOVOLTAIC Project

delivered either by
hand, overnight commercial courier service or by messenger, or sent via facsimile, computer mail or
other electronic means, addressed as follows:

	 	(a)	 	If to CI and the CCEF, to:

200 Corporate Place

Rocky Hill, Connecticut 06067

Attention: Lise Dondy, President — Connecticut Clean Energy Fund

Telephone: (860) 563-5851

Facsimile: (860) 563-4877

	 	(b)	 	If to Owner, to:

Crystal Rock/Vermont Pure Holdings

c/o John Baker, Executive Vice President

1050 Buckingham Street

Watertown, CT 06795

jbaker@crystalrock.com

Or to such other Person or address as a Party shall have specified by notice in writing to the
others. Any notice so addressed and delivered shall be deemed to be given when actually received
by the addressee.

     11.3 Entire Agreement. This Agreement, together with the Schedules and Appendices hereto,
constitute the entire agreement between the Parties with respect to the subject matter hereof and
supersedes any proposals and preliminary agreements between the Parties generated in connection
with the Project. No prior oral or written understanding shall be of any force or effect with
respect to any matter covered hereunder. This Agreement may be amended only by a written
instrument signed by the Parties.

     11.4 Binding Effect; Benefits. Owner may not directly or indirectly assign, transfer, or
otherwise convey any of their rights or obligations under this Agreement without the prior written
consent of CI. Any transfer or assignment in violation of the foregoing shall be null and void.
This Agreement shall inure to the benefit of and be binding upon the Parties and their respective
successors and permitted assigns.

     11.5 Further Assurances. Each Party will execute and deliver such documents, instruments and
agreements and take such action as the other Party may reasonably request and as may be reasonably
necessary, proper or advisable, to the extent permitted by applicable Law, to fulfill the purposes
and intent of this Agreement.

     11.6 Governing Law. This Agreement shall be governed by, construed, and enforced in
accordance with the Laws of the State of Connecticut, without regard to its principles relating to
conflicts of law. EACH PARTY HEREBY CONSENTS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE
STATE OF CONNECTICUT FOR THE PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS
AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY

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	Contract No.                     

	 	PHOTOVOLTAIC Project

HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, (a) ANY OBJECTION TO THE LAYING OF VENUE OF ANY SUCH
PROCEEDING BROUGHT IN SUCH A COURT; AND (b) ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH
COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

     11.7 Severability. If any court or arbitrator should find any particular provision of this
Agreement void, illegal or unenforceable, then that provision shall be regarded as severable and
stricken from this Agreement, and the remainder of this Agreement shall remain in full force and
effect. If and to the extent that any Laws that govern any aspect of this Agreement shall change,
so as to make any aspect of this transaction unlawful, then the Parties shall make such
modifications to this Agreement as may be reasonably necessary for this Agreement to accommodate
any such legal or regulatory changes.

     11.8 Fair Dealing. The Parties shall deal in good faith and in a fair manner with respect to
all matters relating to this Agreement. Without limiting the generality of the foregoing, if this
Agreement requires one Party to obtain the consent or approval of the other Party, such other Party
shall not unreasonably withhold or delay such consent or approval.

     11.9 Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original and all of which together shall be deemed to be one and the
same instrument. Facsimile or PDF signatures shall be deemed original signatures.

     11.10 Construction. Ambiguities or uncertainties in the wording of this Agreement will not be
construed for or against any Party, but will be construed in the manner that most accurately
reflects the Parties’ intent as of the date hereof. The Parties acknowledge that they have been
represented by counsel in connection with the review and execution of this
Agreement, and accordingly, there shall be no presumption that this Agreement or any provision
hereof be construed against the Party that drafted this Agreement.

     11.11 Certain Fees. Each of CI, Owner shall be responsible for the fees and disbursements of
its own legal counsel and other consultants retained by it in connection with the Project or the
negotiation, preparation and execution of this Agreement. Owner shall indemnify CI and the CCEF
for all reasonable legal fees and expenses incurred by it in enforcing the terms of this Agreement
if CI shall prevail thereon.

     11.12 No Recourse. It is expressly understood and agreed that CI is not acting in its
individual capacity, and no obligation of the CCEF under this Agreement shall be an obligation of
CI individually or of its directors, officers, employees or agents, and there shall be no recourse
or claim under this Agreement against CI or any such person individually in any circumstances.

     11.13 Regulatory Out. CI and the CCEF shall not be obligated to provide the Grant or any
portion of the Grant under this Agreement if there are insufficient funds for such purpose because
of any legislative or regulatory action curtailing, reducing or eliminating CI and/or the CCEF
funding.

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	Contract No.                     

	 	PHOTOVOLTAIC Project

          IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their respective
duly authorized representatives as of the date first above written.

[This section is intentionally blank]

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	Contract No.                     

	 	PHOTOVOLTAIC Project

CONNECTICUT INNOVATIONS, INCORPORATED

(Acting solely as the Administrator of the Connecticut Clean Energy Fund)

	 	 	 	 	 	 	 
	By:

	 	/s/ George Bellas
 

George Bellas
	 	 
	 	Date: 1/20/08 
	 

	 	Vice President of Finance & Administration	 	 	 	 
	 
	 	 	 	 	 	 
	By:

	 	/s/ Peter Longo
 

Peter Longo
	 	 	 	Date: 1/20/08 
	 

	 	Deputy Director	 	 	 	 
	 
	 	 	 	 	 	 
	CRYSTAL ROCK LLC/VERMONT PURE HOLDINGS, LTD	 	 
	 
	 	 	 	 	 	 
	By:

	 	/s/ John Baker
 

John Baker,
	 	 	 	Date: 1/20/08 
	 

	 	Executive Vice President	 	 	 	 

SCHEDULE A

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	Contract No.                     

	 	PHOTOVOLTAIC Project

Project Site:

	 	 	 
	 

	 	Crystal Rock Manufacturing Facility
	 

	 	1050 Buckingham Street,
	 

	 	Watertown, CT, 08795

Equipment:

Photovoltaic Module Manufacturer:

Suntech

Model: Suntech 170W Panels

Quantity: 1764

Estimated Project Costs:

	 	 	 	 	 	 	 	 	 
	Project Economics	 	Cost	 	$/kilowatt
	Generating Equipment
	 	$	1,938,750	 	 	$7,181/kWPTC
	Installation
	 	$	266,250	 	 	$   986/kWPTC
	 
	 	 	 	 	 	 	 	 
	TOTAL
	 	$	2,205,000	 	 	$    8,167/kW

kWPTC Capacity:      270kW

Projected Annual AC Production: 321,100 kWh at meter

Ownership of Renewable Energy Credits: Owner

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	Contract No.                     

	 	PHOTOVOLTAIC Project

SCHEDULE B

Project Schedule

Per the date of signing the Financial Assistance Agreement

	 	 	 	 	 	 	 	 	 
	Task	 	Players	 	 	Date	 
	1. Award from the CCEF
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	2. Project Feasibility & Planning
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	a. Preliminary layout drawing for presentation to
and discussion with Owner including site
drawings, single line drawings
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	b. Submit Interconnection Application to
electric utility
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	c. Schedule additional site visits, collect greater
on-site detail
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	d. completes “Design & Permitting Phase” including:
	 	 	 	 	 	 	 	 
	• System design and system drawings
	 	 	 	 	 	 	 	 
	• Full layout
	 	 	 	 	 	 	 	 
	• Engineering review
	 	 	 	 	 	 	 	 
	• Structural Analysis Report/Structural stamp
	 	 	 	 	 	 	 	 
	• Electrical Engineer Report/Electrical
stamp
	 	 	 	 	 	 	 	 
	• Permitting summary
	 	 	 	 	 	 	 	 
	• Estimated Project Installation Schedule
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	e. Customer Design Approval
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	f. Submit Permitting Package to Local Authorities
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	3. Installation Construction Documentation & Technical
Review
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	a. Permits Processed
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	b. Receive Permits
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	c. Order Equipment
	 	 	 	 	 	 	 	 

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	Contract No.                     

	 	PHOTOVOLTAIC Project

	 	 	 	 	 	 	 	 	 
	Task	 	Players	 	 	Date	 
	d. Notice to Proceed — Installation
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	4. Installation
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	a. Installation Contract Executed
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	b. Preconstruction Meeting
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	c. Schedule Construction Trailer
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	d. Equipment Starts Arriving on Site/
Installation Begins
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	e. Structural and Electrical Installation
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	f. Final Site Refurbishing
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	g. Site Inspections (Building, Electrical,
Interconnection, etc.)
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	h. Commission System
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	i. Project Complete
	 	 	 	 	 	 	 	 

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	Contract No.                     

	 	PHOTOVOLTAIC Project

SCHEDULE C

Proposed Project Budget

	 	 	 
	Generating Equipment

	 	$                          (includes Fat Spaniel monitoring system)
	Eng’ng, Design, Permit

	 	                          
	Construction, Installation

	 	                          
	Overhead & Profit

	 	                          
	TOTAL

	 	$                  .00

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	Contract No.                     

	 	PHOTOVOLTAIC Project

APPENDIX I

Equipment Delivery to Site

                    , 2007

Connecticut Innovations, Inc.

Connecticut Clean Energy Fund

Attention: Lise Dondy

200 Corporate Place, 3rd Floor

Rocky Hill, Connecticut 06067

Attn: Chief Operating Officer

     Re: Photovoltaic Project at INSERT ADDRESS

     Delivery Date:                     

Dear Ms. Dondy:

In accordance with the Master Financial Assistance Agreement (“Agreement”) between
                                         (“Owner”) and the Connecticut Innovations, Inc. (“CI”) dated                      ___,
2007; Owner represents and warrants to CI that the photovoltaic equipment has been delivered to
Owner’s site in good condition.

Owner certifies that it is in full compliance with all of the terms and conditions in the
Agreement.

Pursuant to the Agreement, Owner requests a Grant payment for $                    .

	 	 	 
	Please send payment to:

	 	Payee name
	 

	 	Payee accounts payable address

Very truly yours,

                                        

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	Its:
	 	 	 	 
	 

	 	 

	 	 

Attachments: 1) Equipment packing slips or other documentation of delivery to site

27

 

	 	 	 
	Contract No.                     

	 	PHOTOVOLTAIC Project

APPENDIX II

Equipment Acceptance

                    , 2007

Connecticut Innovations, Inc.

Connecticut Clean Energy Fund

Attention: Lise Dondy

200 Corporate Place, 3rd Floor

Rocky Hill, Connecticut 06067

Attn: Chief Operating Officer

     Re: Photovoltaic Project at INSERT ADDRESS

     Commissioning Date:                     

Dear Ms. Dondy:

In accordance with the Master Financial Assistance Agreement (the “Agreement”) between
                                         (“Owner”) and the Connecticut Innovations, Inc. (“CI”) dated ___,
2007, Owner represents and warrants to CI that it has properly installed and tested the
photovoltaic equipment (“Equipment”) and as determined that the Equipment is operable.

Owner certifies that the Equipment has been installed at Owner’s site satisfactorily.

In accordance with the Agreement,                      hereby provides the following warranty to
                    :

     [insert Warranty description]

Additional manufacturers’ warranties on equipment only are as follows:

     [insert Warranty description]

Owner certifies that as of the date of this letter, it is in full compliance with all of the terms
and conditions in the Agreement.

Pursuant to the Agreement, Owner requests payment from CI in the amount of $                    .

28

 

	 	 	 
	Contract No.                     

	 	PHOTOVOLTAIC Project

	 	 	 
	Please send payment to:

	 	Payee name
	 

	 	Payee accounts payable address

Very truly yours,

                                        

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Its:
	 	 	 	 
	 

	 	 

	 	 

	 	 	 
	Attachments:

	 	1) Cost Report
	 
	 

	 	2) Municipal Inspector’s Report
	 
	 

	 	3) Utility Inspection/Test Report and Interconnection Agreement
	 
	 

	 	4) Electrical Diagram (one-line)
	 
	 

	 	5) Certificate of Insurance

29

 

	 	 	 
	Contract No.                     

	 	PHOTOVOLTAIC Project

APPENDIX III

Form of Final Funding Request

                    , 2007

Connecticut Innovations, Inc.

Connecticut Clean Energy Fund

Attention: Lise Dondy

200 Corporate Place, 3rd Floor

Rocky Hill, Connecticut 06067

     Re: Photovoltaic Project at INSERT ADDRESS

Dear Ms. Dondy:

Pursuant to the Master Financial Assistance Agreement (“Agreement”) between                                         
(“Owner”) and the Connecticut Innovations, Inc. (“CI”) dated ___, 2007, Owner requests the
final Grant payment for $                    .

Owner certifies that the projected production for the Project for the first six-months was
                     kWh. Owner also certifies that AC production for the same period in kWh was
                     kWh, which is at least 70% of the projected production.

Owner certifies that it is in full compliance with all of the terms and conditions in the
Agreement.

Pursuant to the Agreement, Owner requests the final Grant payment of $                    .

	 	 	 
	Please send payment to:

	 	Payee name
	 

	 	Payee accounts payable address

Very truly yours,

                                        

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Its:
	 	 	 	 
	 

	 	 

	 	 

Attachments:                Six-month production report

30

 

SEEC FORM 11

NOTICE TO EXECUTIVE BRANCH STATE CONTRACTORS AND PROSPECTIVE STATE

CONTRACTORS OF CAMPAIGN CONTRIBUTION AND SOLICITATION BAN

This notice is provided under the authority of Connecticut General Statutes 9-612(g)(2), as amended
by P.A. 07 1, and is for the purpose of informing state contractors and prospective state
contractors of the following law (italicized words are defined below):

Campaign
Contribution and Solicitation Ban

No state contractor, prospective state contractor, principal of a state contractor or principal of
a prospective state contractor, with regard to a state contract or state contract solicitation with
or from a state agency in the executive branch or a quasi-public agency or a holder, or principal
of a holder of a valid prequalification certificate, shall make a contribution to, or solicit
contributions on behalf of (i) an exploratory committee or candidate committee established by a
candidate for nomination or election to the office of Governor, Lieutenant Governor, Attorney
General, State Comptroller, Secretary of the State or State Treasurer, (ii) a political committee
authorized to make contributions or expenditures to or for the benefit of such candidates, or (iii)
a party committee;

In addition, no holder or principal of a holder of a valid prequalification certificate, shall make
a contribution to, or solicit contributions on behalf of (i) an exploratory committee or candidate
committee established by a candidate for nomination or election to the office of State senator or
State representative, (ii) a political committee authorized to make contributions or expenditures
to or for the benefit of such candidates, or (iii) a party committee.

Duty to Inform

State contractors and prospective state contractors are required to inform their principals of the
above prohibitions, as applicable, and the possible penalties and other consequences of any
violation thereof.

Penalties for Violations

Contributions or solicitations of contributions made in violation of the above prohibitions may
result in the following civil and criminal penalties:

Civil penalties—$2000 or twice the amount of the prohibited contribution, whichever is greater,
against a principal or a contractor. Any state contractor or prospective state contractor which
fails to make reasonable efforts to comply with the provisions requiring notice to its principals
of these prohibitions and the possible consequences of their violations may also be subject to
civil penalties of $2000 or twice the amount of the prohibited contributions made by their
principals.

Criminal penalties—Any knowing and willful violation of the prohibition is a Class D felony, which
may subject the violator to imprisonment of not more than 5 years, or $5000 in fines, or both.

Contract Consequences

Contributions made or solicited in violation of the above prohibitions may result, in the case of a
state contractor, in the contract being voided.

Contributions made or solicited in violation of the above prohibitions, in the case of a
prospective state contractor, shall result in the contract described in the state contract
solicitation not being awarded to the prospective state contractor, unless the State Elections
Enforcement Commission determines that mitigating circumstances exist concerning such violation.

The State will not award any other state contract to anyone found in violation of the above
prohibitions for a period of one year after the election for which such contribution is made or
solicited, unless the State Elections Enforcement Commission determines that mitigating
circumstances exist concerning such violation.

Additional information and the entire text of P.A. 07-1 may be found on the website of the State
Elections

Enforcement Commission, www.ct.gov/seec. Click on the link to “State Contractor Contribution Ban.”

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