Document:

Exhibit 10.1

 Exhibit 10.1 
 Cal Dive International, Inc. 
 $75,000,000 Aggregate Principal Amount

 5.00% Convertible Senior Notes Due 2017 
 PURCHASE AGREEMENT 
 dated July 12, 2012 

Wells Fargo Securities, LLC 
 Merrill Lynch, Pierce, Fenner & Smith 
 Incorporated

 Purchase Agreement 
 July 12, 2012 
 WELLS FARGO SECURITIES, LLC 

MERRILL LYNCH, PIERCE, FENNER & SMITH 

            INCORPORATED 

As Representatives of the several Initial Purchasers 
 c/o 
 Wells Fargo Securities, LLC 
 375 Park Avenue 
 New York, NY 10152 
 Merrill Lynch, Pierce, Fenner & Smith 

            Incorporated 
 One Bryant Park 
 New York, NY 10036 
 Ladies and Gentlemen: 
 Introductory. Cal Dive International, Inc., a
Delaware corporation (the “Company”), proposes to sell to the several purchasers named in Schedule A (the “Initial Purchasers”), for whom you (the “Representatives”) are acting as representatives, the respective
aggregate principal amount of the Company’s 5.00% Convertible Senior Notes due 2017 (the “Firm Notes”) set forth opposite each Initial Purchaser’s name in Schedule A. The Company also proposes to grant to the Initial
Purchasers an option to purchase up to an additional $11,250,000 aggregate principal amount of its 5.00% Convertible Senior Notes due 2017 to cover overallotments (the “Optional Notes”). The Firm Notes and, if and to the extent such option
is exercised, the Optional Notes are collectively called the “Notes”. The obligations of the Company pursuant to the Notes will be unconditionally guaranteed on a senior unsecured basis (the “Guarantees” and, together with the
Notes, the “Securities”), jointly and severally, by (x) each of the Company’s existing and future wholly owned domestic subsidiaries that guarantee the Company’s senior secured credit facilities or (y) if no such
facilities exist, each of the Company’s existing and future wholly owned domestic subsidiaries (the “Guarantors”). The terms Representatives and Initial Purchasers shall mean either the singular or plural as the context requires.

  
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 The Notes will be convertible by the holders thereof into cash, fully paid, non-assessable
shares of common stock, $0.01 par value per share, of the Company (the “Common Stock”) or a combination of cash and shares of Common Stock, at the option of the Company and on the terms, and subject to the conditions, set forth in the
Indenture (as defined below). As used herein, “Conversion Shares” means the shares of Common Stock, if any, into which the Notes are convertible. The Securities will be issued pursuant to an indenture to be dated as of the Closing Date (as
defined in Section 2 hereof) (the “Indenture”) among the Company, the Guarantors and The Bank of New York Mellon, N.A., as trustee (the “Trustee”). 
 The Company understands that the Initial Purchasers propose to make an offering of the Securities on the terms and in the manner set forth herein and agrees that the Initial Purchasers may resell, subject
to the conditions set forth herein, all or a portion of the Securities to purchasers (“Subsequent Purchasers”) at any time after the date of this Agreement. The Securities will be offered and sold to or through the Initial Purchasers
without being registered under the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the “Securities Act”), in reliance upon an exemption therefrom. The terms of the Securities and the Indenture will
require that investors that acquire Securities expressly agree that Securities (and any Conversion Shares) may only be resold or otherwise transferred, after the date hereof, if such Securities (or Conversion Shares, if any) are registered for sale
under the Securities Act or if an exemption from the registration requirements of Securities Act is available (including the exemption afforded by Rule 144A (“Rule 144A”) thereunder). 

The Company has prepared and delivered to each Initial Purchaser copies of a preliminary offering memorandum dated as of July 12,
2012 prior to the Applicable Time (as defined below) (the “Preliminary Offering Memorandum”) and has prepared and will deliver to each Initial Purchaser, on the date hereof or the next succeeding day, copies of a final offering memorandum
dated as of July 12, 2012 (the “Final Offering Memorandum”), each for use by such Initial Purchaser in connection with its solicitation of purchases of, or offering of, the Securities. “Offering Memorandum” means, with
respect to any date or time referred to in this Agreement, the most recent offering memorandum (whether the Preliminary Offering Memorandum or the Final Offering Memorandum, or any amendment or supplement to either such document), including exhibits
thereto and any documents incorporated therein by reference, which has been prepared and delivered by the Company to the Initial Purchasers, in the case of the Preliminary Offering Memorandum prior to the Applicable Time, in connection with their
solicitation of purchases of, or offering of, the Securities. The Company will prepare a final term sheet reflecting the final terms of the Securities, in the form set forth in Schedule B hereto (the “Final Term Sheet”), and will
deliver such Final Term Sheet to the Initial Purchasers prior to the Applicable Time in connection with their solicitation of purchases of, or offering of, the Securities. The Company agrees that, unless it obtains the prior written consent of the
Representatives, it will not make any offer relating to the Securities by any written materials other than the Offering Memorandum and the Issuer Written Information. “Issuer Written Information” means (i) any writing intended for
general distribution to investors as evidenced by its being specified in Schedule C hereto, including the Final Term Sheet, and (ii) any “road show” that is a “written communication” within the meaning of the
Securities Act. “General Disclosure Package” means the Preliminary Offering Memorandum and any Issuer Written Information specified on Schedule C hereto and issued at or prior to 8:30 P.M., New York City time, on July 12, 2012 or such
other time as agreed by the Company and the Representatives (such date and time, the “Applicable Time”). 

  
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 All references in this Agreement to financial statements and schedules and other information
which is “contained,” “included” or “stated” in the Offering Memorandum (or other references of like import) shall be deemed to mean and include all such financial statements and schedules and other information which
are incorporated by reference into the Offering Memorandum; and all references in this Agreement to amendments or supplements to the Offering Memorandum shall be deemed to mean and include the filing of any document under the Securities Exchange Act
of 1934, as amended, and the rules and regulations thereunder (the “Exchange Act”) which is incorporated by reference into the Offering Memorandum. 
 Each of the Company and the Guarantors hereby confirms its agreements with the Initial Purchasers as follows: 
 Section 1. Representations and Warranties. Each of the Company and the Guarantors hereby represents and warrants to each Initial Purchaser as of the date hereof, as of the Applicable Time (as
defined below), as of the Closing Date and as of each Subsequent Closing Date (as defined in Section 2 hereof) if any, and covenants to each Initial Purchaser as follows: 
 (a) General Disclosure Package; Rule 144A Eligibility. The Company hereby confirms that it has authorized the use of the General Disclosure Package, including the Preliminary Offering Memorandum
and the Final Term Sheet, and the Final Offering Memorandum in connection with the offer and sale of the Securities by the Initial Purchasers. The Securities are eligible for resale pursuant to Rule 144A and will not be, on the Closing Date or any
Subsequent Closing Date, if applicable, of the same class as securities of the Company listed on a national securities exchange registered under Section 6 of the Exchange Act, or quoted in a U.S. automated interdealer quotation system.

 (b) No Registration Required; No General Solicitation. Subject to compliance by the Initial Purchasers with the
representations, warranties and covenants of the Initial Purchasers and the procedures set forth in Section 6 hereof, it is not necessary in connection with the offer, sale and delivery of the Securities to the Initial Purchasers and to each
Subsequent Purchaser in the manner contemplated by this Agreement, the General Disclosure Package and the Final Offering Memorandum to register the Securities under the Securities Act or to qualify the Indenture under the Trust Indenture Act of
1939, as amended (the “Trust Indenture Act”). None of the Company, its Affiliates (as defined in Section 6(c) hereof) or any person acting on behalf of the Company or its Affiliates (other than the Initial Purchasers, as to whom the
Company makes no representation) has engaged, in connection with the offering of the Securities, in any form of general solicitation or general advertising within the meaning of Rule 502(c) under the Securities Act. 

(c) Accurate Disclosure. As of the Applicable Time, neither (A) the General Disclosure Package nor (B) any Issuer
Written Information, when considered together with the General Disclosure Package, included, includes or will include any untrue statement of a material fact or omitted, omits or will omit to state a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading. The Final Offering Memorandum, as of its date, as of the Closing Date and as of any Subsequent Closing Date, did not, does not and will not contain any
untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the 

  
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circumstances under which they were made, not misleading. The documents incorporated or deemed to be incorporated by reference in the General Disclosure Package and the Final Offering Memorandum,
when such documents incorporated by reference were filed with the Securities and Exchange Commission (the “Commission”), when read together with the other information in the General Disclosure Package or the Final Offering Memorandum, as
the case may be, did not, do not and will not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not
misleading. The representations and warranties in this subsection shall not apply to statements in or omissions in the General Disclosure Package or the Final Offering Memorandum made in reliance upon and in conformity with Initial Purchaser
Information (as defined in Section 9(b) hereof). 
 (d) Accuracy of Statements in Offering Memorandum. The
statements in each of the Preliminary Offering Memorandum and the Final Offering Memorandum under the headings “Description of the Notes,” “Description of Capital Stock” and “Certain United States Federal Tax
Considerations” insofar as such statements summarize legal matters, agreements, documents or proceedings discussed therein, are, as of the date of this Agreement and as of the Closing Date and any Subsequent Closing Date, accurate and fair
summaries of such legal matters, agreements, documents or proceedings. 
 (e) Incorporation of Documents by Reference.
The documents incorporated or deemed to be incorporated by reference in the Preliminary Offering Memorandum and the Final Offering Memorandum, when they became effective or at the time they were or hereafter are filed with the Commission,
complied and will comply in all material respects with the requirements of the Exchange Act. 
 (f) Authorization of the
Purchase Agreement. This Agreement has been duly authorized, executed and delivered by, and is a valid and binding agreement of, the Company. 
 (g) Authorization of the Indenture. The Indenture has been duly authorized by the Company and each of the Guarantors and, when duly executed and delivered by each of the Company, the Guarantors and
the Trustee, will constitute a valid and binding agreement of the Company and each of the Guarantors, enforceable against the Company and each of the Guarantors in accordance with its terms, except as the enforcement thereof may be limited by
bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof is subject to
general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law). 
 (h)
Authorization of the Notes. The Notes have been duly authorized and, on the respective Closing Date and any Subsequent Closing Date, as applicable, will have been duly executed by the Company and, when authenticated, issued and delivered in
the manner provided for in the Indenture and delivered against payment of the purchase price therefor as provided in this Agreement, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with
their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors’
rights generally and except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be in the form contemplated by, and entitled to the
benefits of, the Indenture. 

  
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 (i) Authorization of the Guarantees. The Guarantees with respect to the Notes of each
Guarantor have been duly authorized by such Guarantor; and, on the respective Closing Date and any Subsequent Closing Date, as applicable, when the Notes have been authenticated, issued and delivered in the manner provided for in the Indenture and
delivered against payment therefor as provided in this Agreement, the Guarantees of each Guarantor with respect to such Notes will constitute valid and binding obligations of such Guarantor, enforceable against such Guarantor in accordance with
their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors’
rights generally and except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be in the form contemplated by, and entitled to the
benefits of, the Indenture. 
 (j) Authorization of the Conversion Shares. The maximum number of shares of Common Stock
initially issuable upon conversion of the Notes (including the maximum number of shares of Common Stock that may be issued upon conversion of the Notes in connection with a make-whole fundamental change), assuming the Company elects to issue and
deliver solely shares of Common Stock in respect of all such conversions, have been duly authorized and reserved for issuance upon such conversion by all necessary corporate action, and any such shares of Common Stock, when issued upon such
conversion, will be validly issued and will be fully paid and non-assessable; and the issuance of any such shares of Common Stock upon such conversion will not be subject to the preemptive or other similar rights of any security holder of the
Company. 
 (k) No Applicable Registration or Other Similar Rights. Except as described in the General Disclosure Package
and the Final Offering Memorandum, there are no persons with registration or other similar rights to have any securities registered for sale or sold by the Company under the Securities Act. 

(l) No Material Adverse Change. Except as otherwise disclosed in the General Disclosure Package and the Final Offering Memorandum,
subsequent to the respective dates as of which information is given in the General Disclosure Package and the Final Offering Memorandum: (i) there has been no material adverse change, or to the knowledge of the Company, any development that
would reasonably be expected to result in a material adverse change, in the condition, financial or otherwise, or in the earnings, business, properties, operations or prospects, whether or not arising from transactions in the ordinary course of
business, of the Company and its subsidiaries, considered as one entity (any such change is called a “Material Adverse Change”); (ii) the Company and its subsidiaries, considered as one entity, have not incurred any material liability
or obligation, indirect, direct or contingent, nor entered into any material transaction or agreement; and (iii) there has been no dividend or distribution of any kind declared, paid or made by the Company or, except for dividends paid to the
Company or other subsidiaries, any of its subsidiaries on any class of capital stock nor any repurchase or redemption by the Company or any of its subsidiaries of any class of capital stock. 

  
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 (m) Independent Accountants. Ernst & Young LLP, which has expressed their
opinion with respect to the financial statements (which term as used in this Agreement includes the related notes thereto) and schedule included in the General Disclosure Package and the Final Offering Memorandum, is an independent registered public
accounting firm with respect to the Company as required by the Securities Act and the Exchange Act. 
 (n) Preparation of the
Financial Statements. The consolidated financial statements of the Company included in the General Disclosure Package and the Final Offering Memorandum present fairly the consolidated financial position of the Company and its subsidiaries as of
and at the dates indicated and the results of their consolidated operations and cash flows for the periods specified. The schedule, if any, included in the General Disclosure Package and the Final Offering Memorandum presents fairly the information
required to be stated therein. Such financial statements and schedule have been prepared in conformity with generally accepted accounting principles (“GAAP”) as applied in the United States applied on a consistent basis throughout the
periods involved, except as may be expressly stated in the related notes thereto. The financial data set forth in each of the Preliminary Offering Memorandum and the Final Offering Memorandum under the captions “Summary—Summary Condensed
Consolidated Financial Data” and “Capitalization” fairly present, in all material respects, the information set forth therein on a basis consistent with that of the audited financial statements contained in the Preliminary Offering
Memorandum and the Final Offering Memorandum. The Company’s ratios of earnings to fixed charges set forth in the Preliminary Offering Memorandum and the Final Offering Memorandum have been calculated in material compliance with Item 503(d)
of Regulation S-K under the Securities Act. The interactive data in eXtensible Business Reporting Language included in or incorporated by reference into the General Disclosure Package and the Final Offering Memorandum fairly presents the information
called for and has been prepared in accordance with the Commission’s rules and guidelines applicable thereto in each case in all material respects. 
 (o) Incorporation and Good Standing of the Company, the Guarantors and the Company’s Significant Subsidiaries. Each of the Company, the Guarantors and the Company’s significant
subsidiaries (as defined in Rule 1-02(w) of Regulation S-X), all of which are listed on Annex A hereto (the “Significant Subsidiaries”), has been duly incorporated or organized, as applicable, and is validly existing in good
standing under the laws of the jurisdiction of its incorporation or organization, as applicable, and has the power and authority (corporate or limited liability company) to own or lease, as the case may be, and operate its properties and to conduct
its business as described in the General Disclosure Package and the Final Offering Memorandum and, in the case of each of the Company and the Guarantors, to enter into and perform its obligations under this Agreement and the Indenture. Each of the
Company, the Guarantors and the Significant Subsidiaries is duly qualified as a foreign corporation or entity to transact business and is in good standing in each jurisdiction in which such qualification is required, whether by reason of the
ownership or leasing of property or the conduct of business, except for such jurisdictions where the failure to so qualify or to be in good standing would not, individually or in the aggregate, result in a material adverse effect on the condition,
financial or otherwise, or on the earnings, business, properties, operations or prospects, whether or not arising from transactions in the ordinary course of business, of the Company and its subsidiaries, considered as one entity (a “Material
Adverse Effect”). All of the issued and outstanding shares of capital stock, units or membership interests, if applicable, of each subsidiary have been duly 

  
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authorized and validly issued, are fully paid and nonassessable and, other than in conjunction with the Company’s credit agreement, are owned by the Company, directly or through
subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance or claim. The Company does not own or control, directly or indirectly, any corporation, association or other entity other than the subsidiaries listed in
Exhibit 21.1 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011 (the “Company’s 2011 Form 10-K”) except for the Company’s newly formed subsidiaries: (i) CDI Renewables, LLC, a
Delaware limited liability company, (ii) CDI Vessels Mexico, S de RL de CV, a Mexican company and (iii) CDI Offshore Construction Mexico, S de RL de CV, a Mexican company. 

(p) Capitalization and Other Capital Stock Matters. The authorized, issued and outstanding capital stock of the Company is
contained in the General Disclosure Package and the Final Offering Memorandum under the caption “Capitalization” (other than for subsequent issuances, if any, pursuant to employee benefit plans described in the General Disclosure Package
and the Final Offering Memorandum or upon exercise of outstanding options or warrants described in the General Disclosure Package and the Final Offering Memorandum, as the case may be). The Common Stock (including any Conversion Shares) conforms in
all material respects to the description thereof contained in the General Disclosure Package and the Final Offering Memorandum. All of the issued and outstanding shares of Common Stock have been duly authorized and validly issued, are fully paid and
nonassessable and have been issued in compliance with federal and state securities laws. None of the outstanding shares of Common Stock were issued in violation of any preemptive rights, rights of first refusal or other similar rights to subscribe
for or purchase securities of the Company. There are no authorized or outstanding options, warrants, preemptive rights, rights of first refusal or other rights to purchase, or equity or debt securities convertible into or exchangeable or exercisable
for, any capital stock of the Company or any of its subsidiaries other than those accurately described in the General Disclosure Package and the Final Offering Memorandum. The description of the Company’s stock option, stock bonus and other
stock plans or arrangements, and the options or other rights granted thereunder, contained in the General Disclosure Package and the Final Offering Memorandum accurately and fairly presents in all material respects the information required to be
shown with respect to such plans, arrangements, options and rights. 
 (q) No Stamp or Transfer Taxes. There are no stamp
or other issuance or transfer taxes or duties or other similar fees or charges to be paid in connection with the execution and delivery of this Agreement or the issuance or sale by the Company of the Securities or upon the issuance of any shares of
Common Stock upon the conversion of the Notes, unless a converting holder of Notes requests that any such shares of Common Stock be issued in a name other than such holder’s name. 

(r) Non-Contravention of Existing Instruments; No Further Authorizations or Approvals Required. Neither the Company nor any of its
subsidiaries is (i) in violation or in default (or, with the giving of notice or lapse of time, would be in default) (“Default”) under its charter or by-laws, (ii) in Default under any indenture, mortgage, loan or credit
agreement, deed of trust, note, contract, franchise, lease or other agreement, obligation, condition, covenant or instrument to which the Company or such subsidiary is a party or by which it may be bound (including, without limitation, the
Company’s credit agreement, dated as of April 27, 2011, as amended, among the Company, the lenders named therein and Bank of America, N.A. (the “Credit 

  
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Agreement”)), or to which any of the property or assets of the Company or any of its subsidiaries is subject (each, an “Existing Instrument”), or (iii) in violation of any
statute, law, rule, regulation, judgment, order or decree of any court, regulatory body, administrative agency, governmental body, arbitrator or other authority having jurisdiction over the Company or such subsidiary or any of its properties, as
applicable, except with respect to clauses (ii) and (iii) only, for such Defaults and violations as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each of the Company’s and the
Guarantors’ execution, delivery and performance of this Agreement and consummation of the transactions contemplated hereby, by the General Disclosure Package and by the Final Offering Memorandum (i) has been duly authorized by all
necessary corporate action and will not result in any Default under the charter or by-laws or other organizational documents, as applicable, of the Company or any subsidiary, (ii) will not conflict with or constitute a breach of, or Default
under, or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company or any of its subsidiaries pursuant to, or require the consent of any other party to, any Existing Instrument, except for
such conflict, breach or default or liens, charges or encumbrances that would not singularly or in the aggregate result in a Material Adverse Effect, and (iii) will not result in any violation of any statute, law, rule, regulation, judgment,
order or decree applicable to the Company or any of its subsidiaries of any court, regulatory body, administrative agency, governmental body, arbitrator or other authority having jurisdiction over the Company or any of its subsidiaries or any of its
or their properties. No consent, approval, authorization or other order of, or registration or filing with, any court or other governmental or regulatory authority or agency is required for each of the Company’s and the Guarantors’
execution, delivery and performance of this Agreement and consummation of the transactions contemplated hereby, by the General Disclosure Package and by the Final Offering Memorandum, except such as have been obtained or made by the Company or
Initial Purchasers and are in full force and effect under the Securities Act, applicable state securities or blue sky laws and from the Financial Industry Regulatory Authority, Inc. (the “FINRA”). 

(s) No Material Actions or Proceedings. Except as otherwise disclosed in the General Disclosure Package and the Final Offering
Memorandum, there are no legal or governmental actions, suits or proceedings pending or, to the Company’s knowledge, threatened against or affecting the Company or any of its subsidiaries, (i) which has as the subject thereof any officer
or director of, or property owned or leased by, the Company or any of its subsidiaries or (ii) relating to environmental or employment discrimination matters, where in either such case (A) there is a reasonable possibility that such
action, suit or proceeding might be determined adversely to the Company or such subsidiary and (B) any such action, suit or proceeding, if so determined adversely, would reasonably be expected to have a Material Adverse Effect or adversely
affect the consummation of the transactions contemplated by this Agreement. 
 (t) Labor Matters. No material labor
problem or dispute with the employees of the Company or any of its subsidiaries exists or, to the knowledge of the Company, is threatened or imminent, and the Company is not aware of any existing or imminent labor disturbance by the employees of any
of its or its subsidiaries’ principal suppliers, contractors or customers, that would reasonably be expected to have a Material Adverse Effect. 

  
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 (u) Intellectual Property Rights. The Company and its subsidiaries own, possess,
license or have other rights to use, on reasonable terms, all patents, patent applications, trade and service marks, trade and service mark registrations, trade names, copyrights, licenses, inventions, trade secrets, technology, know-how and other
intellectual property (collectively, the “Intellectual Property”) necessary for the conduct of the Company’s business as now conducted or as proposed in each of the General Disclosure Package and the Final Offering Memorandum to be
conducted except as such failure to own, possess or acquire such rights would not reasonably be expected to result in a Material Adverse Effect. Except as set forth in the General Disclosure Package and the Final Offering Memorandum, (i) no
party has been granted an exclusive license to use any portion of such Intellectual Property owned by the Company; (ii) to the knowledge of the Company there is no material infringement by third parties of any such Intellectual Property owned
by or exclusively licensed to the Company except as such infringement, misappropriation or violation would not reasonably be expected to result in a Material Adverse Effect; (iii) there is no pending or, to the knowledge of the Company,
threatened action, suit, proceeding or claim by others challenging the Company’s rights in or to any material Intellectual Property, and the Company has no knowledge of any facts which would form a reasonable basis for any such claim that, if
subject to an unfavorable decision, ruling or finding, would reasonably be expected to have a Material Adverse Effect; (iv) there is no pending or, to the knowledge of the Company, threatened action, suit, proceeding or claim by others
challenging the validity or scope of any such Intellectual Property, and the Company has no knowledge of any facts which would form a reasonable basis for any such claim that, if subject to an unfavorable decision, ruling or finding, would
reasonably be expected to have a Material Adverse Effect; and (v) there is no pending or, to the knowledge of the Company, threatened action, suit, proceeding or claim by others that the Company’s business as now conducted infringes or
otherwise violates any patent, trademark, copyright, trade secret or other proprietary rights of others, and the Company has no knowledge of any other fact which would form a reasonable basis for any such claim that, if subject to an unfavorable
decision, ruling or finding, would reasonably be expected to have a Material Adverse Effect. 
 (v) All Necessary Permits,
etc. The Company and each subsidiary possess such valid and current licenses, certificates, authorizations or permits issued by the appropriate state, federal or foreign regulatory agencies or bodies necessary to conduct their respective
businesses, and neither the Company nor any subsidiary has received any written notice of proceedings relating to the revocation or modification of, or non-compliance with, any such license, certificate, authorization or permit which, singly or in
the aggregate, if the subject of an unfavorable decision, ruling or finding, would reasonably be expected to have a Material Adverse Effect. 
 (w) Title to Properties. The Company and each of its subsidiaries has good and marketable title to all the properties and assets reflected as owned in the financial statements included in the
General Disclosure Package and the Final Offering Memorandum, in each case, other than in connection with the Company’s Credit Agreement or as may be described in the General Disclosure Package and the Final Offering Memorandum, free and clear
of any security interests, mortgages, liens, encumbrances, equities, claims and other defects, except such as do not materially and adversely affect the value of such property and do not materially interfere with the use made or proposed to be made
of such property by the Company or such subsidiary, including, any such mechanic’s, workmen’s, landlord’s, materialmen’s, maritime or other similar liens incurred by the Company in the ordinary course of business. The real
property, improvements, equipment and personal property held under lease by the Company or any subsidiary are held under valid and enforceable leases, with such exceptions as are not material and do not materially interfere with the use made or
proposed to be made of such real property, improvements, equipment or personal property by the Company or such subsidiary. 

  
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 (x) Tax Law Compliance. The Company and its consolidated subsidiaries have filed all
federal, state, local and foreign tax returns required to be filed through the date hereof (except in any case in which any failure to file would not, singularly or in the aggregate, reasonably be expected to result in a Material Adverse Effect),
such returns are accurate in all material respects and the Company and its consolidated subsidiaries have paid all taxes reflected on such returns, and if due and payable, any related or similar assessment, fine or penalty levied against any of
them, except for any taxes, assessments, fines or penalties (i) that are being contested in good faith and by appropriate proceedings or (ii) for which any failure to pay would not, singularly or in the aggregate, reasonably be expected to
result in a Material Adverse Effect. The Company has made adequate charges, accruals and reserves in accordance with GAAP in the applicable financial statements contained in the General Disclosure Package and the Final Offering Memorandum in respect
of all federal, state, local and foreign taxes for all current or prior periods as to which the tax liability of the Company or any of its consolidated subsidiaries has not been finally determined. 

(y) Company and Guarantors Not an “Investment Company”. Neither the Company nor any Guarantor is, and after giving
effect to the offering and sale of the Notes as described in each of the Preliminary Offering Memorandum and the Final Offering Memorandum will be, an “investment company” within the meaning of the Investment Company Act of 1940, as
amended (the “Investment Company Act”), and each of the Company and the Guarantors will conduct its business in a manner so that it will not become subject to the Investment Company Act. 

(z) Insurance. Each of the Company and its subsidiaries are insured by recognized and reputable institutions with policies in such
amounts and with such deductibles and covering such risks as are generally deemed adequate and customary for their businesses including, but not limited to, policies covering real and personal property owned or leased by the Company and its
subsidiaries against theft, damage, destruction, acts of vandalism and earthquakes. All policies of insurance and fidelity or surety bonds insuring the Company or any of its subsidiaries or their respective businesses, assets, employees, officers
and directors are in full force and effect; the Company and its subsidiaries are in compliance with the terms of such policies and instruments in all material respects; and there are no claims by the Company or any of its subsidiaries under any such
policy or instrument as to which any insurance company is denying liability or defending under a reservation of rights clause that, if subject to an unfavorable decision, ruling or finding, would reasonably be expected to have a Material Adverse
Effect. Additionally, neither the Company nor any such subsidiary has been refused any insurance coverage sought or applied for that is material to the Company and neither the Company nor any of its subsidiaries has received any written notice from
any of their current insurers that they will not be able to renew their existing insurance coverage as and when such policies expire. 
 (aa) No Restrictions on Dividends. No subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from making any other distribution on such
subsidiary’s capital stock, from repaying to the Company any loans or advances to such subsidiary from the Company or from transferring any of such subsidiary’s property or assets to the Company or any other subsidiary of the Company,
except as disclosed in the General Disclosure Package and the Final Offering Memorandum. 

  
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 (bb) No Price Stabilization or Manipulation. The Company has not taken and will not
take, directly or indirectly, any action designed to or that might be reasonably expected to cause or result in stabilization or manipulation of the price of the Securities or the Conversion Shares (if any) to facilitate the sale or resale of the
Securities. The Company acknowledges that the Initial Purchasers may engage in stabilization transactions as described in the General Disclosure Package and the Final Offering Memorandum. 

(cc) Disclosure Controls. The Company and its subsidiaries maintain an effective system of “disclosure controls and
procedures” (as defined in Rule 13a-15 of the Exchange Act) that is designed to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and
reported within the time periods specified in the Commission’s rules and forms, including controls and procedures designed to ensure that such information is accumulated and communicated to the Company’s management as appropriate to allow
timely decisions regarding required disclosure. The Company and its subsidiaries have carried out evaluations of the effectiveness of their disclosure controls and procedures as required by Rule 13a-15 of the Exchange Act. 

(dd) Related Party Transactions. There are no business relationships or related-party transactions involving the Company or any
subsidiary or any other person required to be described in the Company’s 2011 Form 10-K incorporated by reference into the Preliminary Offering Memorandum and the Final Offering Memorandum that have not been described therein as required.

 (ee) Internal Controls and Procedures. The Company maintains (i) effective internal control over financial
reporting as defined in Rule 13a-15 under the Exchange Act, and (ii) a system of internal accounting controls sufficient to provide reasonable assurance that (A) transactions are executed in accordance with management’s general or
specific authorizations; (B) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability; (C) access to assets is
permitted only in accordance with management’s general or specific authorization; (D) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any
differences; and (E) the interactive data in eXtensible Business Reporting Language incorporated by reference into the General Disclosure Package and the Final Offering Memorandum fairly presents the information called for and is prepared in
accordance with the Commission’s rules and guidelines applicable thereto in each case in all material respects. 
 (ff)
No Material Weakness in Internal Controls. Except as disclosed in the General Disclosure Package and the Final Offering Memorandum, since the end of the Company’s most recent audited fiscal year, (i) it has not identified any
material weakness in the Company’s internal control over financial reporting (whether or not remediated) and (ii) it has not implemented any change in the Company’s internal control over financial reporting that has materially
affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting. 

  
 11 

 (gg) No Unlawful Contributions or Other Payments. Neither the Company nor any of its
subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee or affiliate of the Company or any of its subsidiaries has taken any action, directly or indirectly, that would result in a violation by such persons of the
FCPA, including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift,
promise to give, or authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in
contravention of the FCPA, and the Company, its subsidiaries and, to the knowledge of the Company, its affiliates have conducted their businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to
ensure, and which are reasonably expected to continue to ensure, continued compliance therewith. 
 “FCPA” means
Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder. 
 (hh) No Conflict with Money
Laundering Laws. The operations of the Company and its subsidiaries are and have been conducted at all times in material compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions
Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental
agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the
Money Laundering Laws is pending or, to the knowledge of the Company, threatened. 
 (ii) No Conflict with OFAC Laws.
Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee or affiliate of the Company or any of its subsidiaries is currently subject to any U.S. sanctions administered by the
Office of Foreign Assets Control of the U.S. Treasury Department. 
 (jj) Compliance with Environmental Laws. Except as
otherwise disclosed in the General Disclosure Package and the Final Offering Memorandum, (i) neither the Company nor any of its subsidiaries is, to its knowledge, in violation of any federal, state, local or foreign law, regulation, order,
permit or other requirement relating to pollution or protection of human health or the environment (including, without limitation, ambient air, surface water, groundwater, land surface or subsurface strata) or wildlife, including without limitation,
laws and regulations relating to emissions, discharges, releases or threatened releases of chemicals, pollutants, contaminants, wastes, toxic substances, hazardous substances, petroleum and petroleum products (collectively, “Materials of
Environmental Concern”), or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Materials of Environmental Concern (collectively, “Environmental Laws”), which
violation includes, but is not limited to, noncompliance with any permits or other governmental authorizations required for the operation of the business of the Company or its subsidiaries under applicable Environmental Laws, or noncompliance with
the terms and conditions thereof, nor has the 

  
 12 

 
Company or any of its subsidiaries received any written communication, whether from a governmental authority, citizens group, employee or otherwise, that alleges that the Company or any of its
subsidiaries is in violation of any Environmental Law, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; (ii) there is no claim, action or cause of action filed with a court or
governmental authority, no investigation with respect to which the Company has received written notice, and no written notice received by the Company from any person or entity alleging potential liability for investigatory costs, cleanup costs,
governmental responses costs, natural resources damages, property damages, personal injuries, attorneys’ fees or penalties arising out of, based on or resulting from the presence, or release into the environment, of any Material of
Environmental Concern at any location owned, leased or operated by the Company or any of its subsidiaries, now or in the past (collectively, “Environmental Claims”), pending or, to the Company’s knowledge, threatened against the
Company or any of its subsidiaries or any person or entity whose liability for any Environmental Claim the Company or any of its subsidiaries has retained or assumed either contractually or by operation of law, except as would not, individually or
in the aggregate, reasonably be expected to have a Material Adverse Effect; (iii) to the Company’s knowledge, there are no past, present or anticipated future actions, activities, circumstances, conditions, events or incidents, including,
without limitation, the release, emission, discharge, presence or disposal of any Material of Environmental Concern, that could reasonably be expected to result in a violation of any Environmental Law, require expenditures to be incurred pursuant or
relating to Environmental Law (including expenditures, costs or liabilities required for clean-up, closure of properties or compliance with Environmental Laws or related to any permit, license or approval, any relating to any constraints on
operating activities and any potential liabilities to third parties), or form the basis of a potential Environmental Claim against the Company or any of its subsidiaries or against any person or entity whose liability for any Environmental Claim the
Company or any of its subsidiaries has retained or assumed either contractually or by operation of law, except as would not, individually or in the aggregate, have a Material Adverse Effect; and (iv) neither the Company nor any of its
subsidiaries is subject to any pending or, to the knowledge of the Company, threatened proceeding under Environmental Law to which a governmental authority is a party and which is reasonably likely to result in monetary sanctions of $100,000 or
more. 
 (kk) ERISA Compliance. None of the following events has occurred or exists: (i) a failure to fulfill the
obligations, if any, under the minimum funding standards of Section 302 of the United States Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and the regulations and published interpretations thereunder with
respect to a Plan, determined without regard to any waiver of such obligations or extension of any amortization period; (ii) an audit or investigation by the Internal Revenue Service, the U.S. Department of Labor, the Pension Benefit Guaranty
Corporation or any other federal or state governmental agency or any foreign regulatory agency with respect to the employment or compensation of employees by the Company that could have a Material Adverse Effect; or (iii) any breach of any
contractual obligation, or any violation of law or applicable qualification standards, with respect to the employment or compensation of employees by the Company that could have a Material Adverse Effect. None of the following events has occurred or
is reasonably likely to occur: (i) a material increase in the aggregate amount of contributions required to be made to all Plans in the current fiscal year of the Company compared to the amount of such contributions made in the Company’s
most recently completed fiscal year other than increases in the ordinary course of 

  
 13 

 
business attributable to cost inflation; (ii) a material increase in the Company’s “accumulated post-retirement benefit obligations” (within the meaning of Statement of
Financial Accounting Standards 106) compared to the amount of such obligations in the Company’s most recently completed fiscal year; (iii) any event or condition giving rise to a liability under Title IV of ERISA that could have a Material
Adverse Effect; or (iv) the filing of a claim by one or more employees or former employees of the Company related to a plan or arrangement of the Company that is subject to ERISA that could have a Material Adverse Effect. For purposes of this
paragraph, the term “Plan” means a plan (within the meaning of Section 3(3) of ERISA) subject to Title IV of ERISA with respect to which any member of the Company may have any liability. 

(ll) Brokers. Other than as required by the terms of this Agreement and except as disclosed in the Final Offering Memorandum,
there is no broker, finder or other party that is entitled to receive from the Company any brokerage or finder’s fee or other fee or commission as a result of any transactions contemplated by this Agreement. 

(mm) No Outstanding Loans or Other Indebtedness. There are no outstanding loans, advances (except normal advances for business
expenses in the ordinary course of business) or guarantees or indebtedness by the Company to or for the benefit of any of the officers or directors of the Company or any of the members of any of them, except as disclosed in the General Disclosure
Package and the Final Offering Memorandum. 
 (nn) Sarbanes-Oxley Compliance. There is and has been no failure on the
part of the Company and any of the Company’s directors or officers, in their capacities as such, to comply in all material respects with any provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection
therewith (the “Sarbanes-Oxley Act”), including Section 402 related to loans and Sections 302 and 906 related to certifications. 
 (oo) Lending Relationship. Except as disclosed in the General Disclosure Package and the Final Offering Memorandum, the Company does not have any material lending or other relationship with
any bank or lending affiliate of any Initial Purchaser. 
 (pp) Statistical and Market Related Data. To the knowledge of
the Company, the statistical and market-related data included in the General Disclosure Package and the Final Offering Memorandum is based on or derived from sources that are reliable and accurate in all material respects. 

(qq) Security Ratings. No securities of the Company or any of its subsidiaries are currently subject to any ratings accorded by
any “nationally recognized statistical rating organization” as such term is defined for purposes of Section 3(c)(62) of the Exchange Act. 
 (rr) Officer’s Certificates. Any certificate signed by an officer of the Company and delivered to the Representatives shall be deemed to be a representation and warranty by the Company to each
Initial Purchaser as to the matters set forth therein. 

  
 14 

 Section 2. Purchase, Sale and Delivery of the Notes. 

(a) The Firm Notes. The Company agrees to sell to the several Initial Purchasers the Firm Notes upon the terms herein set forth. On
the basis of the representations, warranties and agreements herein contained, and upon the terms but subject to the conditions herein set forth, the Initial Purchasers agree, severally and not jointly, to purchase from the Company the aggregate
principal amount of Firm Notes set forth opposite their names on Schedule A at a purchase price of 96.426% of the aggregate principal amount. 
 (b) The Closing Date. Delivery of certificates for the Firm Notes to be purchased by the Initial Purchasers and payment therefor shall be made at the offices of Davis Polk & Wardwell LLP,
450 Lexington Avenue, New York, NY 10017 (or such other place as may be agreed to by the Company and the Representatives) at 9:00 A.M. New York City time, on July 18, 2012, or such other time and date not later than 1:30 P.M. New York City
time, on July 24, 2012, as the Representatives shall designate by notice to the Company (the time and date of such closing are called the “Closing Date”). 
 (c) The Optional Notes; the Subsequent Closing Date. In addition, on the basis of the representations, warranties and agreements herein contained, and upon the terms but subject to the conditions
herein set forth, the Company hereby grants an option to the several Initial Purchasers to purchase, severally and not jointly, up to $11,250,000 aggregate principal amount of Optional Notes from the Company at a purchase price of 100% of the
aggregate principal amount. The option granted hereunder may be exercised at any time and from time to time upon notice by the Representatives to the Company, which notice must be given, if at all, no later than 30 days from the date of this
Agreement. Such notice shall set forth (i) the aggregate number of Optional Notes as to which the Initial Purchasers are exercising the option, (ii) the names and denominations in which the certificates for the Optional Notes are to be
registered and (iii) the time, date and place at which such certificates will be delivered (which time and date may be simultaneous with, but not earlier than, the Closing Date; and in such case the term “Closing Date” shall refer to
the time and date of delivery of certificates for the Firm Notes and the Optional Notes). Each time and date of delivery, if subsequent to the Closing Date, is called a “Subsequent Closing Date” and shall be determined by the
Representatives and shall not be earlier than three nor later than five full business days after delivery of such notice of exercise. If any Optional Notes are to be purchased, each Initial Purchaser agrees, severally and not jointly, to purchase
the number of Optional Notes (subject to such adjustments to eliminate unauthorized denominations as the Representatives may determine) that bears the same proportion to the total number of Optional Notes to be purchased as the number of Firm Notes
set forth on Schedule A opposite the name of such Initial Purchaser bears to the total number of Firm Notes. 
 (d)
Payment for the Notes. Payment for the Notes shall be made at the Closing Date (and, if applicable, at any Subsequent Closing Date) by wire transfer of immediately available funds to a bank account designated by the Company. 

It is understood that Wells Fargo Securities, LLC (“Wells Fargo”) has been authorized, for its own account and the accounts of
the several Initial Purchasers, to accept delivery of and receipt for, and make payment of the purchase price for, the Firm Notes and any Optional Notes the Initial Purchasers have agreed to purchase. Wells Fargo, individually and not as the
Representative of the Initial Purchasers, may (but shall not be obligated to) make payment for 

  
 15 

 
any Notes to be purchased by any Initial Purchaser whose funds shall not have been received by the Representatives by the Closing Date or any Subsequent Closing Date, as the case may be, for the
account of such Initial Purchaser, but any such payment shall not relieve such Initial Purchaser from any of its obligations under this Agreement. 
 (e) Delivery of the Notes. The Company shall deliver, or cause to be delivered, to Wells Fargo for the accounts of the several Initial Purchasers the Firm Notes in the form of one or more permanent
global securities in definitive form (the “Global Notes”), deposited with the Trustee as custodian for DTC and registered in the name of Cede & Co., as nominee for DTC, at the Closing Date, against the irrevocable release of a
wire transfer of immediately available funds for the amount of the purchase price therefor. The Company shall also deliver, or cause to be delivered, to Wells Fargo for the accounts of the several Initial Purchasers, the Optional Notes in the form
of Global Notes, deposited with the Trustee as custodian for DTC and registered in the name of Cede & Co., as nominee for DTC, which the Initial Purchasers has agreed to purchase at the Closing Date (or any Subsequent Closing Date, as
applicable), against the irrevocable release of a wire transfer of immediately available funds for the amount of the purchase price therefor. The Notes shall be registered in such names and denominations as the Initial Purchasers shall have
requested at least two full business days prior to the Closing Date (or any Subsequent Closing Date, as applicable) and shall be made available for inspection on the business day preceding the Closing Date (or any Subsequent Closing Date, as
applicable) at a location in New York City as the Initial Purchasers may designate. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations of the Initial Purchasers.

 Section 3. Covenants. The Company covenants and agrees with each Initial Purchaser as follows: 

(a) Notice and Effect of Material Events. If at any time prior to the completion of resales of the Securities by the Initial
Purchasers, any event shall occur or condition shall exist as a result of which it is necessary, in the opinion of counsel for the Initial Purchasers or for the Company, to amend or supplement the General Disclosure Package or the Final Offering
Memorandum in order that the General Disclosure Package or the Final Offering Memorandum, as the case may be, will not include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein
not misleading in the light of the circumstances existing at the time it is delivered to a Subsequent Purchaser, the Company will promptly (A) give the Representatives notice of such event and (B) prepare any amendment or supplement as may
be reasonably necessary to correct such statement or omission and, a reasonable amount of time prior to any proposed use or distribution, furnish the Representatives with copies of any such amendment or supplement; provided that, unless in the
opinion of counsel to the Company the use or distribution of such amendment or supplement is necessary to maintain compliance with applicable law, the Company shall not use or distribute any such amendment or supplement to which the Representatives
or counsel for the Initial Purchasers shall reasonably object. The Company will furnish to the Initial Purchasers such number of copies of such amendment or supplement as the Initial Purchasers may reasonably request. 

  
 16 

 (b) Reporting Requirements. Until the completion of resales of the Securities by the
Initial Purchasers, the Company will file all documents which are required to be filed with the Commission pursuant to the Exchange Act within the time periods required by the Exchange Act and the rules and regulations of the New York Stock Exchange
(“NYSE”). The Company has given the Representatives notice of any filings made or to be made pursuant to the Exchange Act within 48 hours prior to the Applicable Time; the Company will give the Representatives notice of its intention to
make any such filing from the Applicable Time to the Closing Date (or any Subsequent Closing Date, as applicable) and will furnish the Representatives with copies of any such documents a reasonable amount of time prior to such proposed filing, as
the case may be, and will not file or use any such document to which the Representatives or counsel for the Initial Purchasers shall reasonably object unless, in the opinion of counsel for the Company, the filing or use of such document is necessary
to maintain compliance with applicable law. 
 (c) Copies of the Offering Memorandum. The Company has delivered to each
Initial Purchaser, without charge, as many copies of the Preliminary Offering Memorandum (as amended or supplemented) and documents incorporated by reference therein as such Initial Purchaser reasonably requested, and the Company hereby consents to
the use of such copies. The Company will furnish to each Initial Purchaser, without charge, such number of copies of the Final Offering Memorandum (as amended or supplemented) and documents incorporated by reference therein as such Initial Purchaser
may reasonably request. 
 (d) Blue Sky Compliance. The Company shall cooperate with the Representatives and counsel for
the Initial Purchasers to qualify or register the Securities for sale under (or obtain exemptions from the application of) the state securities or blue sky laws or Canadian provincial securities laws or other foreign laws of those jurisdictions
designated by the Representatives, shall comply with such laws and shall continue such qualifications, registrations and exemptions in effect so long as required for the distribution of the Notes. The Company shall not be required to qualify as a
foreign corporation or to take any action that would subject it to general service of process in any such jurisdiction where it is not presently qualified or where it would be subject to taxation as a foreign corporation. The Company will advise the
Representatives promptly of the suspension of the qualification or registration of (or any such exemption relating to) the Securities for offering, sale or trading in any jurisdiction or any initiation or threat of any proceeding known by the
Company for any such purpose, and in the event of the issuance of any order suspending such qualification, registration or exemption, the Company shall use its commercially reasonable efforts to obtain the withdrawal thereof at the earliest possible
moment. 
 (e) Transfer Agent. The Company shall engage and maintain, at its expense, a registrar and transfer agent for
the Common Stock. 
 (f) Interim Financial Statements. Prior to the Closing Date or any Subsequent Closing Date, if
applicable, the Company will furnish the Initial Purchasers, as soon as they have been prepared by or are available to the Company, a copy of any unaudited interim quarterly financial statements of the Company for any fiscal quarter subsequent to
the period covered by the most recent financial statements appearing in the Offering Memorandum. 
 (g) Agreement Not to
Offer or Sell Additional Common Stock. During the period commencing on the date hereof and ending on the 90th day following the date of the Final Offering Memorandum, the Company will not, without the prior written consent of the Representatives
(which consent may be withheld at the sole discretion of the Representatives), 

  
 17 

 
directly or indirectly, sell, offer, contract or grant any option to sell, pledge, transfer or establish an open “put equivalent position” or liquidate or decrease a “call
equivalent position” within the meaning of Rule 16a-1(h) under the Exchange Act, or otherwise dispose of or transfer (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition of), or
announce the offering of, or file any registration statement (other than a registration statement on Form S-8) under the Securities Act in respect of, any shares of Common Stock, options or warrants to acquire shares of the Common Stock or
securities exchangeable or exercisable for or convertible into shares of Common Stock (other than as contemplated by this Agreement with respect to the Securities or in connection with any conversion of a Note into any Conversion Shares);
provided, however, that the Company may issue shares of its Common Stock or options to purchase its Common Stock, or Common Stock upon exercise of options, pursuant to any stock option, stock bonus or other stock plan or arrangement
described in, or incorporated by reference into, the General Disclosure Package and the Final Offering Memorandum. 
 (h)
Compliance with Sarbanes-Oxley Act. Until completion of the resales of the Securities by the Initial Purchasers, the Company will comply with all applicable securities and other laws, rules and regulations, including, without limitation, the
Sarbanes-Oxley Act, and use its commercially reasonable efforts to cause the Company’s directors and officers, in their capacities as such, to comply with such laws, rules and regulations, including, without limitation, the provisions of the
Sarbanes-Oxley Act. 
 (i) Future Reports to the Representatives. During the period of five years hereafter the Company
will furnish or make available to the Representatives (i) as soon as practicable after the end of each fiscal year, copies of the Annual Report of the Company containing the balance sheet of the Company as of the close of such fiscal year and
statements of income, stockholders’ equity and cash flows for the year then ended and the opinion thereon of the Company’s independent public or certified public accountants; (ii) as soon as practicable after the filing thereof,
copies of each proxy statement, Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other report filed by the Company with the Commission, the FINRA or any securities exchange; and (iii) as soon as
available, copies of any report or communication of the Company mailed generally to holders of its capital stock. 
 (j) No
Manipulation of Price. The Company will not take, directly or indirectly, any action designed to cause or result in, or that has constituted or might reasonably be expected to constitute, under the Exchange Act or otherwise, the stabilization or
manipulation of the price of any securities of the Company. 
 (k) Listing. The maximum number of shares of Common Stock
initially issuable upon conversion of the Notes (including the maximum number of shares of Common Stock that may be issued upon conversion of the Notes in connection with a make-whole fundamental change), assuming the Company elects to issue and
deliver solely shares of Common Stock in respect of all such conversions, have been approved for listing on the NYSE. The Company will use its best efforts to maintain the listing of such shares of Common Stock on the NYSE. 

  
 18 

 (l) Available Common Shares. The Company will reserve and keep available at all
times, free of pre-emptive rights, the maximum number of shares of Common Stock initially issuable upon conversion of the Notes (including the maximum number of shares of Common Stock that may be issued upon conversion of the Notes in connection
with a make-whole fundamental change), assuming the Company elects to issue and deliver solely shares of Common Stock in respect of all such conversions. 
 The Representatives, on behalf of the several Initial Purchasers, may, in their sole discretion, waive in writing the performance by the Company of any one or more of the foregoing covenants or extend the
time for their performance. 
 Section 4. Payment of Expenses. The Company agrees to pay all costs, fees and expenses
incurred in connection with the performance of its obligations hereunder and in connection with the transactions contemplated hereby, including without limitation (i) all expenses incident to the issuance and delivery of the Securities
(including all printing and engraving costs), (ii) all fees and expenses of the Trustee under the Indenture, (iii) all necessary issue, transfer and other stamp taxes in connection with the issuance and sale of the Securities to the
Initial Purchasers, (iv) all fees and expenses of the registrar and transfer agent of the Common Stock, if any, (v) all fees and expenses of the Company’s counsel, independent public or certified public accountants and other advisors,
(vi) all costs and expenses incurred in connection with the preparation, printing, shipping and distribution of the Preliminary Offering Memorandum (including financial statements, exhibits, schedules, consents and certificates of experts), any
Issuer Written Information, the Final Term Sheet and the Final Offering Memorandum (including financial statements, exhibits, schedules, consents and certificates of experts), and all amendments and supplements thereto, and this Agreement,
(vii) all filing fees, attorneys’ fees and expenses incurred by the Company or the Initial Purchasers in connection with qualifying or registering (or obtaining exemptions from the qualification or registration of) all or any part of the
Securities for offer and sale under the state securities or blue sky laws or the provincial securities laws of Canada, and, if requested by the Representatives, preparing and printing a “Blue Sky Survey” or memorandum, and any supplements
thereto, advising the Initial Purchasers of such qualifications, registrations and exemptions, (viii) the filing fees incident to, and the reasonable fees and expenses of counsel for the Initial Purchasers in connection with, the FINRA’s
review and approval of the Initial Purchasers’ participation in the offering and distribution of the Securities, (ix) expenses and taxes incident to the sale and delivery of the Securities to be sold to the Initial Purchasers hereunder,
and (x) all transportation and other expenses incurred in connection with presentations to prospective purchasers of the Securities, except that the Company and the Initial Purchasers will each pay 50% of the cost of privately chartered
airplanes used for such purposes. Except as provided in this Section 4, Section 7, Section 9 and Section 10 hereof, the Initial Purchasers shall pay their own expenses, including the fees and disbursements of their counsel.

 Section 5. Conditions of the Obligations of the Initial Purchasers. The obligations of the several Initial Purchasers
to purchase and pay for the Securities as provided herein on the Closing Date and, with respect to the Optional Notes, any Subsequent Closing Date, shall be subject to the accuracy in all material respects of the representations and warranties on
the part of the Company and the Guarantors set forth in Section 1 hereof as of the date hereof and as of the Closing Date as though then made and, with respect to the Optional Notes, as of any Subsequent Closing Date as though then made, to the
accuracy of the statements of the Company and the Guarantors made in any certificates pursuant to the provisions hereof, to the timely performance by the Company and the Guarantors of their covenants and other obligations hereunder, and to each of
the following additional conditions: 

  
 19 

 (a) Accountants’ Comfort Letter. On the date hereof, the Representatives shall
have received from Ernst & Young LLP, independent registered public accounting firm for the Company, a letter dated the date hereof addressed to the Initial Purchasers, the form of which is attached as Exhibit A. 

(b) No Material Adverse Change. For the period from and after the date of this Agreement, or the respective dates as of which
information is given in the General Disclosure Package, and prior to the Closing Date and, with respect to the Optional Notes, any Subsequent Closing Date: 
 (i) in the reasonable judgment of the Representatives there shall not have occurred any Material Adverse Change; and 

(ii) there shall not have been any change or decrease specified in the letter or letters referred to in paragraph
(a) of this Section 5 which is, in the sole judgment of the Representatives, so material and adverse as to make it impractical or inadvisable to proceed with the offering or delivery of the Securities as contemplated by the General
Disclosure Package and the Final Offering Memorandum. 
 (c) Opinions of Counsel for the Company. On each of the Closing
Date and any Subsequent Closing Date, the Representatives shall have received the favorable opinions of (i) Jones, Walker, Waechter, Poitevent, Carrère & Denègre, L.L.P., counsel for the Company and the Guarantors, dated
as of such date, the form of which is attached as Exhibit B and (ii) Lisa Buchanan, General Counsel of the Company and the Guarantors, dated as of such date, the form of which is attached as Exhibit C. 

(d) Opinion of Counsel for the Initial Purchasers. On each of the Closing Date and any Subsequent Closing Date, the
Representatives shall have received the favorable opinion of Davis Polk & Wardwell LLP, counsel for the Initial Purchasers, dated as of such date, in form and substance satisfactory to, and addressed to, the Representatives, with respect to
such matters as the Representatives may reasonably require, and the Company shall have furnished to such counsel such documents as they request for the purpose of enabling them to pass upon such matters. 

(e) Officers’ Certificate. On each of the Closing Date and any Subsequent Closing Date, the Representatives shall have
received a written certificate executed by the Chairman of the Board, Chief Executive Officer or President of the Company and the Chief Financial Officer or Chief Accounting Officer of the Company and each Guarantor, dated as of such date, to the
effect that the signers of such certificate have carefully examined the General Disclosure Package and the Final Offering Memorandum and any amendment or supplement thereto, and any amendment or supplement thereto and this Agreement, to the effect
set forth in representation (qq) in Section 1 of this Agreement, and further to the effect that: 
 (i) for
the period from and after the date of this Agreement and prior to such date, there has not occurred any Material Adverse Change; 

  
 20 

 (ii) the representations, warranties and covenants of the Company and each
Guarantor set forth in Section 1 of this Agreement are true and correct on and as of such date with the same force and effect as though expressly made on and as of such date; and 

(iii) the Company and each Guarantor has complied with all the agreements hereunder and satisfied all the conditions on
its part to be performed or satisfied hereunder at or prior to such date. 
 (f) Bring-down Comfort Letter. On each of
the Closing Date and any Subsequent Closing Date, the Representatives shall have received from Ernst & Young LLP, independent registered public accounting firm for the Company, a letter dated such date, in form and substance satisfactory to
the Representatives, to the effect that they reaffirm the statements made in the letter furnished by them pursuant to subsection (a) of this Section 5, except that the specified date referred to therein for the carrying out of procedures
shall be no more than three business days prior to the Closing Date or Subsequent Closing Date, as the case may be. 
 (g)
Lock-Up Agreement from Certain Securityholders of the Company. On or prior to the date hereof, the Company shall have furnished to the Representatives an agreement in the form of Exhibit D hereto from each director and officer and such
agreement shall be in full force and effect on each of the Closing Date and any Subsequent Closing Date. 
 (h) Additional
Documents. On or before each of the Closing Date and any Subsequent Closing Date, the Representatives and counsel for the Initial Purchasers shall have received such information, documents and opinions as they may reasonably require for the
purposes of enabling them to pass upon the issuance and sale of the Securities as contemplated herein, or in order to evidence the accuracy of any of the representations and warranties, or the satisfaction of any of the conditions or agreements,
herein contained. 
 If any condition specified in this Section 5 is not satisfied when and as required to be satisfied,
this Agreement may be terminated by the Representatives by notice to the Company at any time on or prior to the Closing Date and, with respect to the Optional Notes, at any time prior to the applicable Subsequent Closing Date, which termination
shall be without liability on the part of any party to any other party, except that Section 4, Section 7, Section 9 and Section 10 shall at all times be effective and shall survive such termination. 

Section 6. Subsequent Offers and Resales of the Securities. 

(a) Offers and Sales Procedures. Each of the Initial Purchasers, the Company and the Guarantors hereby establishes and agrees to
observe the following procedures in connection with the offer and sale of the Securities: 
 (i) offers and sales
of the Securities shall be made to such persons and in such manner as is contemplated by the Offering Memorandum. Each Initial Purchaser severally agrees that it will not offer, sell or deliver any of the Securities in any jurisdiction outside the
United States except under circumstances that will result in compliance with the applicable laws thereof, and (other than as provided in Section 4 and Section 7 hereof) that it will take at its own expense whatever action is required to
permit its purchase and resale of the Securities in such jurisdictions. Neither the Company nor 

  
 21 

 
any Guarantor has entered into any contractual arrangement, other than this Agreement, with respect to the distribution of the Securities or any shares of Common Stock issuable upon conversion of
the Notes and neither the Company nor any Guarantor will enter into any such arrangement except as contemplated thereby; 
 (ii) no general solicitation or general advertising (within the meaning of Rule 502(c) under the Securities Act) will be engaged in the United States in connection with the offering or sale of
the Securities; and 
 (iii) each of the Securities will bear, to the extent applicable, the legend contained in
“Notice to Investors” in the General Disclosure Package and the Final Offering Memorandum for the time period and upon the other terms stated therein. 
 (b) Covenants of the Company. The Company covenants with each Initial Purchaser as follows: 
 (i) the Company agrees that it will not and will cause its Affiliates not to, directly or indirectly, solicit any offer to buy, sell or make any offer or sale of, or otherwise negotiate in respect of,
securities of the Company of any class if, as a result of the doctrine of “integration” referred to in Rule 502 under the Securities Act, such offer or sale would render invalid (for the purpose of (i) the sale of the
offered Securities by the Company to the Initial Purchasers, (ii) the resale of the offered Securities by the Initial Purchasers to Subsequent Purchasers or (iii) the resale of the offered Securities by such Subsequent Purchasers to
others) the exemption from the registration requirements of the Securities Act provided by Section 4(2) thereof or by Rule 144A thereunder or otherwise; 

(ii) the Company agrees that, in order to render the offered Securities eligible for resale pursuant to Rule 144A,
while any of the offered Securities remain outstanding, it will make available, upon request, to any holder of offered Securities or prospective purchasers of Securities the information specified in Rule 144A(d)(4), unless the Company furnishes
information to the Commission pursuant to Section 13 or 15(d) of the Exchange Act; and 
 (iii) the
Company agrees that any Security that is repurchased or owned by the Company or any of its Affiliates may not be resold by the Company or any such Affiliate unless registered under the Securities Act or resold pursuant to an exemption from the
registration requirements of the Securities Act in a transaction that results in such Security no longer being a “restricted security” (as such term is defined under Rule 144(a)(3) under the Securities Act). 

(c) Representations, Warranties and Agreements of the Initial Purchasers. Each Initial Purchaser severally and not jointly
represents and warrants to, and agrees with, the Company and the Guarantors that it is a Qualified Institutional Buyer and an “accredited investor” within the meaning of Rule 501(a) under the Securities Act. Each Initial
Purchaser understands that the Securities have not been and will not be registered under the Securities Act and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction

  
 22 

 
not subject to, the registration requirements of the Securities Act. Each Initial Purchaser severally represents and agrees that it has not offered or sold, and will not offer or sell, any
offered Securities constituting part of its allotment within the United States except in accordance with Rule 144A or another applicable exemption from the registration requirements of the Securities Act. Accordingly, neither it nor any
person acting on its behalf has made or will make offers or sales of the Securities in the United States by means of any form of general solicitation or general advertising (within the meaning of Regulation D) in the United States. Each Initial
Purchaser will take commercially reasonable steps to inform, and cause each of its affiliates (as such term is defined in Rule 501(b) under the Securities Act (each, an “Affiliate”)) to take reasonable steps to inform, persons acquiring
Securities from such Initial Purchaser or Affiliate, as the case may be, that the Securities (A) have not been and will not be registered under the Securities Act, (B) are being sold to them without registration under the
Securities Act in reliance on Rule 144A under the Securities Act, as the case may be, and (C) may not be offered, sold or otherwise transferred except (1) to the Company or (2) in accordance with (x) Rule 144A
to a person whom the seller reasonably believes is a Qualified Institutional Buyer that is purchasing such Securities for its own account or for the account of a Qualified Institutional Buyer to whom notice is given that the offer, sale or transfer
is being made in reliance on Rule 144A or (y) pursuant to another available exemption from registration under the Securities Act. 
 Section 7. Reimbursement of Initial Purchasers’ Expenses. If this Agreement is terminated by the Representatives pursuant to Section 5, Section 8, Section 11 or Section 12,
or if the sale to the Initial Purchasers of the Securities on the Closing Date or any Subsequent Closing Date is not consummated because of any refusal, inability or failure on the part of the Company or any Guarantor to perform any agreement herein
or to comply with any provision hereof, each of the Company and the Guarantors agrees to reimburse the Representatives and the other Initial Purchasers (or such Initial Purchasers as have terminated this Agreement with respect to themselves),
severally, upon demand for all accountable out-of-pocket expenses that shall have been reasonably incurred by the Representatives and the Initial Purchasers in connection with the proposed purchase and the offering and sale of the Securities,
including but not limited to fees and disbursements of counsel, printing expenses, travel expenses, postage, facsimile and telephone charges. 
 Section 8. Effectiveness of this Agreement. This Agreement shall become effective upon the execution of this Agreement by the parties hereto. 

Section 9. Indemnification. 
 (a) Indemnification of the Initial Purchasers by the Company and the Guarantors. Each of the Company and the Guarantors, agrees, severally and jointly, to indemnify and hold harmless each Initial
Purchaser, its Affiliates involved in the transactions contemplated hereunder, its directors, officers, employees and agents, and each person, if any, who controls any Initial Purchaser within the meaning of the Securities Act and the Exchange Act
against any loss, claim, damage, liability or expense, as incurred, to which such Initial Purchaser or such controlling person may become subject, insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as
contemplated below) arises out of or is based upon any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering 

  
 23 

 
Memorandum, the Final Offering Memorandum, the information contained in the Final Term Sheet, any Issuer Written Information or any other approved information used by or on behalf of the Company
in connection with the offer and sale of the Securities (or any amendment or supplement to the foregoing) or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading, and to reimburse each Initial Purchaser, its officers, directors, employees, agents and each such controlling person for any and all expenses (including the fees and disbursements of counsel
chosen by the Representatives) as such expenses are reasonably incurred by such Initial Purchaser, or its officers, directors, employees and agents or such controlling person in connection with investigating, defending, settling, compromising or
paying any such loss, claim, damage, liability, expense or action; provided, however, that the foregoing indemnity agreement shall not apply to any loss, claim, damage, liability or expense to the extent, but only to the extent,
arising out of or based upon any untrue statement or alleged untrue statement or omission or alleged omission made in reliance upon and in conformity with the Initial Purchaser Information. 

(b) Indemnification of the Company, the Guarantors and their Directors and Officers. Each Initial Purchaser agrees, severally and
not jointly, to indemnify and hold harmless the Company and the Guarantors, each of their directors, each of their officers and each person, if any, who controls the Company or the Guarantors within the meaning of the Securities Act or the Exchange
Act, against any loss, claim, damage, liability or expense, as incurred, to which the Company, or any such director, officer or controlling person may become subject, insofar as such loss, claim, damage, liability or expense (or actions in respect
thereof as contemplated below) arises out of or is based upon any untrue or alleged untrue statement of a material fact contained in the Preliminary Offering Memorandum or the Final Offering Memorandum (or any amendment or supplement thereto), or
arises out of or is based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent, and only to the extent, that such
untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with Initial Purchaser Information; and to reimburse the Company and the Guarantors, or any such director, officer or
controlling person for any legal and other expense reasonably incurred by the Company or the Guarantors, or any such director, officer or controlling person in connection with investigating, defending, settling, compromising or paying any such loss,
claim, damage, liability, expense or action. Each of the Company and the Guarantors hereby acknowledges that the only information that the Representatives have furnished to the Company expressly for use in the Preliminary Offering Memorandum and the
Final Offering Memorandum (or any amendment or supplement thereto) are the statements set forth in the first paragraph under the heading “Plan of Distribution — Commissions and Discounts,” and the statements in the first paragraph
under the heading “Plan of Distribution — Price Stabilization, Short Positions” in the General Disclosure Package and the Final Offering Memorandum (collectively, the “Initial Purchaser Information”). 

(c) Notifications and Other Indemnification Procedures. Promptly after receipt by an indemnified party under this Section 9
of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party under this Section 9, notify the indemnifying party in writing of the commencement thereof; but
the failure to so notify the indemnifying party (i) will not relieve it from liability under paragraph 

  
 24 

 
(a) or (b) above unless and to the extent it did not otherwise learn of such action and such failure results in the forfeiture by the indemnifying party of substantial rights and defenses
and (ii) will not, in any event, relieve the indemnifying party from any liability other than the indemnification obligation provided in paragraph (a) or (b) above. In case any such action is brought against any indemnified party and
such indemnified party seeks or intends to seek indemnity from an indemnifying party, the indemnifying party will be entitled to participate in, and, to the extent that it shall elect, jointly with all other indemnifying parties similarly notified,
by written notice delivered to the indemnified party promptly after receiving the aforesaid notice from such indemnified party, to assume the defense thereof with counsel satisfactory to such indemnified party; provided, however, if
the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that a conflict may arise between the positions of the indemnifying party and the indemnified
party in conducting the defense of any such action or that there may be legal defenses available to it and/or other indemnified parties that are different from or additional to those available to the indemnifying party, the indemnified party or
parties shall have the right to select separate counsel to assume such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party or parties. Upon receipt of notice from the indemnifying party to
such indemnified party of such indemnifying party’s election so to assume the defense of such action and approval by the indemnified party of counsel, the indemnifying party will not be liable to such indemnified party under this Section 9
for any legal or other expenses subsequently incurred by such indemnified party in connection with the defense thereof unless (i) the indemnified party shall have employed separate counsel in accordance with the proviso to the preceding
sentence (it being understood, however, that the indemnifying party shall not be liable for the expenses of more than one separate counsel (other than local counsel), reasonably approved by the indemnifying party (or by the Representatives in the
case of Section 10), representing the indemnified parties who are parties to such action) or (ii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a
reasonable time after notice of commencement of the action, in each of which cases the fees and expenses of counsel shall be at the expense of the indemnifying party. 
 (d) Settlements. The indemnifying party under this Section 9 shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or
if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the indemnified party against any loss, claim, damage, liability or expense by reason of such settlement or judgment. Notwithstanding the foregoing sentence,
if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by Section 9(c) hereof, the indemnifying party agrees that it shall be liable for
any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 30 days after receipt by such indemnifying party of the aforesaid request and (ii) such indemnifying party shall not
have reimbursed the indemnified party in accordance with such request as contemplated by Section 9(c) prior to the date of such settlement. No indemnifying party shall, without the prior written consent of the indemnified party, effect any
settlement, compromise or consent to the entry of judgment in any pending or threatened action, suit or proceeding in respect of which any indemnified party is or could have been a party and indemnity was or could have been sought hereunder by such
indemnified party, unless such settlement, compromise or consent (i) includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such action, suit or proceeding and (ii) does not
include a statement as to or an admission of fault, culpability or a failure to act, by or on behalf of any indemnified party. 

  
 25 

 Section 10. Contribution. If the indemnification provided for in Section 9 is
for any reason unavailable to or otherwise insufficient to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities or expenses referred to therein, then each indemnifying party shall contribute to the aggregate
amount paid or payable by such indemnified party, as incurred, as a result of any losses, claims, damages, liabilities or expenses referred to therein (i) in such proportion as is appropriate to reflect the relative benefits received by the
Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, from the offering of the Securities pursuant to this Agreement or (ii) if the allocation provided by clause (i) above is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Company, on the one hand, and the Initial Purchasers, on the other hand, in
connection with the statements or omissions or inaccuracies in the representations and warranties herein which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative
benefits received by the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, in connection with the offering of the Notes pursuant to this Agreement shall be deemed to be in the same respective proportions as
the total net proceeds from the offering of the Securities pursuant to this Agreement (before deducting expenses) received by the Company and the Guarantors, and the total underwriting discount received by the Initial Purchasers, bear to the
aggregate initial offering price of the Securities as set forth on the cover of the Final Offering Memorandum. The relative fault of the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, shall be determined
by reference to, among other things, whether any such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact or any such inaccurate or alleged inaccurate representation or warranty relates to
information supplied by the Company and the Guarantors, on the one hand, or the Initial Purchasers, on the other hand, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission. 
 The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and expenses referred
to above shall be deemed to include, subject to the limitations set forth in Section 9(c), any legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending any action or claim. The provisions
set forth in Section 9(c) with respect to notice of commencement of any action shall apply if a claim for contribution is to be made under this Section 10; provided, however, that no additional notice shall be required with
respect to any action for which notice has been given under Section 9(c) for purposes of indemnification. 
 Each of the
Company, the Guarantors and the Initial Purchasers agrees that it would not be just and equitable if contribution pursuant to this Section 10 were determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for
such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in this Section 10. 

  
 26 

 Notwithstanding the provisions of this Section 10, no Initial Purchaser shall be
required to contribute any amount in excess of the amount by which the total price at which the Securities purchased by it and distributed to the public were offered to the public exceeds the amount of any damages that such Initial Purchaser has
otherwise been required to pay by reason of any such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Initial Purchasers’ obligations to contribute pursuant to this Section 10 are several, and not joint, in proportion to their respective
commitments as set forth opposite their names in Schedule A. For purposes of this Section 10, each director, officer, employee and agent of an Initial Purchaser and each person, if any, who controls an Initial Purchaser within the
meaning of the Securities Act and the Exchange Act shall have the same rights to contribution as such Initial Purchaser, and each director of the Company or any Guarantor, each officer of the Company or any Guarantor and each person, if any, who
controls the Company or any Guarantor within the meaning of the Securities Act and the Exchange Act shall have the same rights to contribution as the Company and the Guarantors. 

Section 11. Default of One or More of the Several Initial Purchasers. If, on the Closing Date or a Subsequent Closing Date, as the
case may be, any one or more of the several Initial Purchasers shall fail or refuse to purchase Notes that it or they have agreed to purchase hereunder on such date, and the aggregate principal amount of Notes which such defaulting Initial Purchaser
or Initial Purchasers agreed but failed or refused to purchase does not exceed 10% of the aggregate principal amount of the Notes to be purchased on such date, the other Initial Purchasers shall be obligated, severally, in the proportions that the
number of Firm Notes set forth opposite their respective names on Schedule A bears to the aggregate number of Firm Notes set forth opposite the names of all such non-defaulting Initial Purchasers, or in such other proportions as may be
specified by the Representatives with the consent of the non-defaulting Initial Purchasers, to purchase the Notes which such defaulting Initial Purchaser or Initial Purchasers agreed but failed or refused to purchase on such date. If, on the Closing
Date or a Subsequent Closing Date, as the case may be, any one or more of the Initial Purchasers shall fail or refuse to purchase Notes and the aggregate principal amount of Notes with respect to which such default occurs exceeds 10% of the
aggregate principal amount of Notes to be purchased on such date, and arrangements satisfactory to the Representatives for the purchase of such Notes are not made within 48 hours after such default, this Agreement shall terminate without liability
of any party to any other party except that the provisions of Section 4, Section 7, Section 9 and Section 10 shall at all times be effective and shall survive such termination. In any such case any of the Representatives or the
Company shall have the right to postpone the Closing Date or a Subsequent Closing Date, as the case may be, but in no event for longer than seven days in order that the required changes, if any, to the General Disclosure Package and the Final
Offering Memorandum or any other documents or arrangements may be effected. 
 As used in this Agreement, the term “Initial
Purchaser” shall be deemed to include any person substituted for a defaulting Initial Purchaser under this Section 11. Any action taken under this Section 11 shall not relieve any defaulting Initial Purchaser from liability in respect
of any default of such Initial Purchaser under this Agreement. 

  
 27 

 Section 12. Termination of this Agreement. Prior to the Closing Date this Agreement
may be terminated by the Representatives by notice given to the Company if at any time (i) trading or quotation in any of the Company’s securities shall have been suspended or limited by the Commission or by the NYSE, or trading in
securities generally on the NYSE shall have been suspended or limited, or minimum or maximum prices shall have been generally established on any of such stock exchanges by the Commission or the FINRA; (ii) a general banking moratorium shall
have been declared by federal or New York authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States has occurred; or (iii) there shall have occurred any outbreak or escalation
of national or international hostilities or any crisis or calamity, or any change in the United States or international financial markets, or any substantial change or development involving a prospective substantial change in United States’ or
international political, financial or economic conditions, as in the judgment of the Representatives is material and adverse and makes it impracticable or inadvisable to market the Securities in the manner and on the terms described in the General
Disclosure Package and the Final Offering Memorandum or to enforce contracts for the sale of securities. Any termination pursuant to this Section 12 shall be without liability on the part of (a) the Company and the Guarantors to any
Initial Purchaser, except that the Company and the Guarantors shall be obligated to reimburse the expenses of the Representatives and the Initial Purchasers pursuant to Section 4 and Section 7, hereof or (b) any Initial Purchaser to
the Company and the Guarantors. 
 Section 13. No Advisory or Fiduciary Responsibility. Each of the Company and the
Guarantors acknowledges and agrees that: (i) the purchase and sale of the Securities pursuant to this Agreement, including the determination of the initial offering price of the Securities and any related discounts and commissions, is an
arm’s-length commercial transaction between the Company and the Guarantors, on the one hand, and the several Initial Purchasers, on the other hand, and each of the Company and the Guarantors is capable of evaluating and understanding and
understands and accepts the terms, risks and conditions of the transactions contemplated by this Agreement; (ii) in connection with each transaction contemplated hereby and the process leading to such transaction each Initial Purchaser is and
has been acting solely as a principal and is not the financial advisor, agent or fiduciary of the Company, the Guarantors or their affiliates, stockholders, creditors or employees or any other party; (iii) no Initial Purchaser has assumed or
will assume an advisory, agency or fiduciary responsibility in favor of the Company or the Guarantors with respect to any of the transactions contemplated hereby or the process leading thereto (irrespective of whether such Initial Purchaser has
advised or is currently advising the Company or the Guarantors on other matters) and no Initial Purchaser has any obligation to the Company or the Guarantors with respect to the offering contemplated hereby except the obligations expressly set forth
in this Agreement; (iv) the several Initial Purchasers and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Company and the Guarantors and that the several Initial
Purchasers have no obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Initial Purchasers have not provided any legal, accounting, regulatory or tax advice with respect to the
offering contemplated hereby and the Company and the Guarantors have consulted their own legal, accounting, regulatory and tax advisors to the extent they deemed appropriate. 

  
 28 

 This Agreement supersedes all prior agreements and understandings (whether written or oral)
between the Company, the Guarantors and the several Initial Purchasers, or any of them, with respect to the subject matter hereof. Each of the Company and the Guarantors hereby waives and releases, to the fullest extent permitted by law, any claims
that the Company or the Guarantors may have against the several Initial Purchasers with respect to any breach or alleged breach of agency or fiduciary duty relating to the transactions contemplated in this Agreement. 

Section 14. Representations and Indemnities to Survive Delivery. The respective indemnities, agreements, representations,
warranties and other statements of the Company and the Guarantors, of their officers, and of the several Initial Purchasers set forth in or made pursuant to this Agreement (i) will remain operative and in full force and effect, regardless of
any (A) investigation, or statement as to the results thereof, made by or on behalf of any Initial Purchaser, the officers or employees of any Initial Purchaser, or the Company and the Guarantors, the officers or employees of the Company and
the Guarantors, or any person controlling the Company and the Guarantors, as the case may be or (B) acceptance of the Securities and payment for them hereunder and (ii) will survive delivery of and payment for the Securities sold hereunder
and any termination of this Agreement. 
 Section 15. Notices. All communications hereunder shall be in writing and shall
be mailed, hand delivered or telecopied and confirmed to the parties hereto as follows: 
 If to the Representatives:

 Wells Fargo Securities, LLC 
 375 Park Avenue 
 New York, NY 10152 

Facsimile: (212) 214-5918 
 Attention: Syndicate 
 and 

Merrill Lynch, Pierce, Fenner & Smith 
 Incorporated 
 One Bryant Park 

New York, NY 10036 
 Facsimile: (646) 855-3073 (cc: (212) 230-8730) 
 Attention: Syndicate
Department (cc: ECM Legal) 
 with a copy to: 
 Davis Polk & Wardwell LLP 
 450 Lexington Avenue 

New York, NY 10017 
 Facsimile: (212) 701-5674 
 Attention: Richard D. Truesdell, Jr. 

  
 29 

 If to the Company or the Guarantors: 

Cal Dive International, Inc. 
 2500 CityWest Boulevard 
 Suite 2200 

Houston, TX 77042 

Facsimile: (713) 586-7338 
 Attention: Lisa Buchanan 
 With a copy to: 

Jones Walker 

201 St. Charles Avenue 
 Suite 5100 
 New Orleans, LA 70170 

Facsimile: (504) 589-8308 
 Attention: Curtis R. Hearn 
 Any party hereto may change the address for receipt
of communications by giving written notice to the others. 
 Section 16. Successors. This Agreement will inure to the
benefit of and be binding upon the parties hereto, including any substitute Initial Purchasers pursuant to Section 11 hereof, and to the benefit of (i) the Company, the Guarantors, their directors, any person who controls the Company or
the Guarantors within the meaning of the Securities Act and the Exchange Act and any officer of the Company, (ii) the Initial Purchasers, the officers, directors, employees and agents of the Initial Purchasers, and each person, if any, who
controls any Initial Purchaser within the meaning of the Securities Act and the Exchange Act, and (iii) the respective successors and assigns of any of the above, all as and to the extent provided in this Agreement, and no other person shall
acquire or have any right under or by virtue of this Agreement. The term “successors and assigns” shall not include a purchaser of any of the Securities from any of the several Initial Purchasers merely because of such purchase.

 Section 17. Partial Unenforceability. The invalidity or unenforceability of any Section, paragraph or provision of
this Agreement shall not affect the validity or enforceability of any other Section, paragraph or provision hereof. If any Section, paragraph or provision of this Agreement is for any reason determined to be invalid or unenforceable, there shall be
deemed to be made such minor changes (and only such minor changes) as are necessary to make it valid and enforceable. 
 Section
18. Governing Law Provisions. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE. 

  
 30 

 Section 19. General Provisions. This Agreement may be executed in two or more
counterparts, each one of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement may not be amended or modified unless in writing by all of the parties hereto, and no
condition herein (express or implied) may be waived unless waived in writing by each party whom the condition is meant to benefit. The section headings herein are for the convenience of the parties only and shall not affect the construction or
interpretation of this Agreement. 
 Each of the parties hereto acknowledges that it is a sophisticated business person who was
adequately represented by counsel during negotiations regarding the provisions hereof, including, without limitation, the indemnification provisions of Section 9 and the contribution provisions of Section 10, and is fully informed
regarding said provisions. Each of the parties hereto further acknowledges that the provisions of Sections 9 and 10 hereto fairly allocate the risks in light of the ability of the parties to investigate the Company, the Guarantors, their affairs and
their business in order to assure that adequate disclosure has been made in the Preliminary Offering Memorandum and the Final Offering Memorandum (and any amendments and supplements thereto). 

  
 31 

 If the foregoing is in accordance with your understanding of our agreement, kindly sign and
return to the Company the enclosed copies hereof, whereupon this instrument, along with all counterparts hereof, shall become a binding agreement in accordance with its terms. 

 

					
	  	  	Very truly yours,
		
		  	CAL DIVE INTERNATIONAL, INC.
			
		  	By:	  	/s/ Quinn J. Hébert
		  		  	  

		  		  	 Name: Quinn J. Hébert

Title: Chairman of the Board, President
 and
Chief Executive Officer

		
		  	as Guarantors
		
		  	CDI RENEWABLES, LLC
			
		  	By:	  	/s/ Quinn J. Hébert
		  		  	  

		  		  	 Name: Quinn J. Hébert

Title: Chairman of the Board, President
 and
Chief Executive Officer

		
		  	AFFILIATED MARINE CONTRACTORS, INC.
			
		  	By:	  	/s/ Quinn J. Hébert
		  		  	  

		  		  	 Name: Quinn J. Hébert

Title: Chairman of the Board, President
 and
Chief Executive Officer

  
 [Signature
Page to Purchase Agreement] 

					
		 	CAL DIVE OFFSHORE CONTRACTORS, INC.
			
		 	By:	  	/s/ Quinn J. Hébert
		 		  	  

		 		  	 Name: Quinn J. Hébert

Title: Chairman of the Board, President
 and
Chief Executive Officer

		
		 	FLEET PIPELINE SERVICES, INC.
			
		 	By:	  	/s/ Quinn J. Hébert
		 		  	  

		 		  	 Name: Quinn J. Hébert

Title: Chairman of the Board, President
 and
Chief Executive Officer

		
		 	GULF OFFSHORE CONSTRUCTION, INC.
			
		 	By:	  	/s/ Quinn J. Hébert
		 		  	  

		 		  	 Name: Quinn J. Hébert

Title: Chairman of the Board, President
 and
Chief Executive Officer

  
 [Signature
Page to Purchase Agreement] 

 The foregoing Purchase Agreement is hereby confirmed and accepted by the Representatives as
of the date first above written. 
 WELLS FARGO SECURITIES, LLC 
 MERRILL LYNCH, PIERCE, FENNER & SMITH 
 INCORPORATED 

Acting as Representatives of the 
 several Initial Purchasers named in 
 the attached Schedule A. 

 

					
	By:	  	Wells Fargo Securities, LLC	  	 
			
	By:	  	/s/ David Herman	  	
		  	  
	  	
		  	 Name: David Herman

Title:   Director
	  	
			
	By:	  	Merrill Lynch, Pierce, Fenner & Smith	  	
		  	 Incorporated
	  	
			
	By:	  	/s/ Oscar Brown	  	
		  	  
	  	
		  	 Name: Oscar Brown
 Title:
  Managing Director
	  	

  
 [Signature
Page to Purchase Agreement] 

 SCHEDULE A 

 

					
	 Initial Purchasers
	  	Principal
Amount of Firm
Notes to be
Purchased	 
	 Wells Fargo Securities, LLC
	  	 	31,056,000	  
	 Merrill Lynch, Pierce, Fenner & Smith Incorporated
	  	 	31,056,000	  
	 Natixis Securities Americas LLC
	  	 	4,503,000	  
	 Howard Weil Incorporated
	  	 	2,950,500	  
	 Capital One Southcoast, Inc.
	  	 	2,872,500	  
	 Banco Bilbao Vizcaya Argentaria, S.A.
	  	 	2,562,000	  
	 Total
	  	 	75,000,000	  

 SCHEDULE B 
 Pricing Term Sheet 
 Cal Dive International, Inc. 

$75,000,000 

5.00% Convertible Senior Notes due 2017 
 The information in this pricing term sheet (the “Pricing Term Sheet”) supplements Cal Dive International, Inc.’s preliminary offering memorandum, dated July 12, 2012 (the
“Preliminary Offering Memorandum”), and supersedes the information in the Preliminary Offering Memorandum only to the extent inconsistent with the information in the Preliminary Offering Memorandum. In all other respects, this Pricing Term
Sheet is qualified in its entirety by reference to the Preliminary Offering Memorandum, including all other documents incorporated by reference therein. Terms used herein but not defined herein shall have the respective meanings as set forth in the
Preliminary Offering Memorandum. All references to dollar amounts are references to U.S. dollars. 
  

			
		
	Issuer:	  	Cal Dive International, Inc., a Delaware corporation.
		
	Ticker / Exchange for Common Stock:	  	DVR / The New York Stock Exchange (“NYSE”).
		
	Title of Securities:	  	5.00% Convertible Senior Notes due 2017 (the “Notes”).
		
	Offering Size:	  	$75,000,000 aggregate principal amount of Notes ($86,250,000 aggregate principal amount of Notes if the initial purchasers exercise their over-allotment option in
full).
		
	Subsidiary Guarantees:	  	The subsidiary guarantors (as defined in the Preliminary Offering Memorandum, the “Subsidiary Guarantors”) will, jointly and severally, unconditionally guarantee the Notes
on a senior unsecured basis.
		
	Trade Date:	  	July 13, 2012.
		
	Settlement Date:	  	July 18, 2012.
		
	Issue Price:	  	The Notes will be issued at a price of 100% of their principal amount, plus accrued interest, if any, from the Settlement Date.
		
	Maturity:	  	The Notes will mature on July 15, 2017, unless earlier converted or purchased by the Issuer.
		
	Interest Rate:	  	5.00% per year.
		
	Interest Payment Dates:	  	Interest will accrue from the Settlement Date and will be payable in cash semi-annually in arrears on January 15 and July 15 of each year, beginning on January 15,
2013.
		
	Ranking:	  	The book value of the assets of the Issuer’s subsidiaries (other than the Subsidiary Guarantors) was $254.8 million as of March 31, 2012 and revenue and operating income for
the Issuer’s subsidiaries (other than the Subsidiary Guarantors) for the year ended March 31, 2012 was $29.4 million and $0.6 million, respectively.

			
		
	NYSE Closing Sale Price on July 12,
2012:	  	$1.87 per share of the Issuer’s common stock.
		
	Conversion Premium:	  	Approximately 20% above the NYSE Closing Sale Price on July 12, 2012.
		
	Initial Conversion Rate:	  	445.6328 shares of the Issuer’s common stock per $1,000 principal amount of Notes.
		
	Initial Conversion Price:	  	Approximately $2.24 per share of the Issuer’s common stock.
		
	Use of Proceeds:	  	 The Issuer estimates that the net proceeds from the Notes offering will be approximately $71.5 million (or approximately $82.0 million
if the initial purchasers exercise their over-allotment option in full), after deducting initial purchasers’ discounts and commissions and estimated expenses payable by the Issuer.

 
 The Issuer expects to use the net proceeds from the Notes offering to prepay a
portion of the remaining balance on its term loan and to pay related transaction fees and expenses.

		
	Joint Book-Running Managers:	  	 Wells Fargo Securities, LLC

Merrill Lynch, Pierce, Fenner & Smith
 Incorporated

		
	Co-Managers:	  	 Natixis Securities Americas LLC

Howard Weil Incorporated
 Capital One Southcoast,
Inc.
 Banco Bilbao Vizcaya Argentaria, S.A.

		
	CUSIP Number:	  	12802TAA9
		
	ISIN Number:	  	US12802TAA97
		
	Adjustment to Conversion Rate
Upon a Conversion in Connection
with a Make-Whole Fundamental
Change:	  	The following table sets forth, for specified stock prices and effective dates, the number of additional shares, if any, by which the conversion rate will be increased for a holder
that converts a Note in connection with a “make-whole fundamental change” (as defined in the Preliminary Offering Memorandum) having such effective date and stock price:

  

																																																	
	 	  	Stock Price	 
	 Effective Date
	  	$1.87	 	  	$2.00	 	  	$2.25	 	  	$2.50	 	  	$2.75	 	  	$3.00	 	  	$3.50	 	  	$4.00	 	  	$5.00	 	  	$6.00	 	  	$8.00	 	  	$10.00	 
	 July 18, 2012
	  	 	89.1265	  	  	 	81.2792	  	  	 	69.8361	  	  	 	61.3224	  	  	 	54.5930	  	  	 	49.0719	  	  	 	40.4661	  	  	 	34.0322	  	  	 	25.0302	  	  	 	19.0300	  	  	 	11.5422	  	  	 	7.1101	  
	 July 15, 2013
	  	 	89.1265	  	  	 	71.5657	  	  	 	60.4423	  	  	 	52.7364	  	  	 	46.8701	  	  	 	42.1369	  	  	 	34.8189	  	  	 	29.3612	  	  	 	21.7278	  	  	 	16.6394	  	  	 	10.2803	  	  	 	6.4794	  
	 July 15, 2014
	  	 	89.1265	  	  	 	61.2332	  	  	 	49.6908	  	  	 	42.6808	  	  	 	37.7519	  	  	 	33.9145	  	  	 	28.0715	  	  	 	23.7305	  	  	 	17.6600	  	  	 	13.6134	  	  	 	8.5551	  	  	 	5.5215	  
	 July 15, 2015
	  	 	89.1265	  	  	 	54.3672	  	  	 	37.5552	  	  	 	30.9548	  	  	 	27.0567	  	  	 	24.2572	  	  	 	20.1103	  	  	 	17.0410	  	  	 	12.7474	  	  	 	9.8850	  	  	 	6.3073	  	  	 	4.1606	  
	 July 15, 2016
	  	 	89.1265	  	  	 	54.3672	  	  	 	23.8423	  	  	 	17.0940	  	  	 	14.5181	  	  	 	12.9995	  	  	 	10.8103	  	  	 	9.1820	  	  	 	6.9024	  	  	 	5.3827	  	  	 	3.4831	  	  	 	2.3434	  
	 July 15, 2017
	  	 	89.1265	  	  	 	54.3672	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  	  	 	0.0000	  

 The exact stock prices and effective dates may not be set forth in the table above, in which case: 

 

	 	•	 	 if the stock price is between two stock prices listed in the table or the effective date is between two effective dates listed in the table, the number
of additional shares will be determined by a straight-line interpolation between the number of additional shares set forth for the higher and lower stock prices and the earlier and later effective dates, as applicable, based on a 365-day
year. 

	 	•	 	 if the stock price is greater than $10.00 per share (subject to adjustment in the same manner as the stock prices set forth in the column headings of
the table above as described in the Preliminary Offering Memorandum), no additional shares will be added to the conversion rate. 

  

	 	•	 	 if the stock price is less than $1.87 per share (subject to adjustment in the same manner as the stock prices set forth in the column headings of the
table above as described in the Preliminary Offering Memorandum), no additional shares will be added to the conversion rate. 

Notwithstanding the foregoing, in no event will the conversion rate exceed 534.7593 shares per $1,000 principal amount of Notes, subject to adjustment at
the same time and in the same manner as the conversion rate as set forth under “Description of Notes—Conversion Rights—Conversion Rate Adjustments” in the Preliminary Offering Memorandum. 

 
  
 This communication is intended for the sole use of the person to whom it is provided by the sender. 
 This communication shall not constitute an offer to sell or the solicitation of an offer to buy the Notes nor shall there be any sale of the Notes in any state in which such solicitation or sale would be
unlawful prior to registration or qualification of the Notes under the laws of any such state. 
 Neither the Notes nor the shares of common
stock, if any, issuable upon conversion of the Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and neither may be offered or sold within the United States or to,
or for the account or benefit of, U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act or any other applicable securities laws. Accordingly, the Notes are being
offered and sold only to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act). The Notes are not transferable except in accordance with the restrictions described under “Notice to Investors” in the
Preliminary Offering Memorandum. 
 ANY DISCLAIMER OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND
SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM. 

 SCHEDULE C 
 Issuer Written Information 
 1. Pricing Term Sheet dated July 12, 2012.

 2. 2nd Quarter Earnings Press Release dated July 12, 2012. 

 ANNEX A 
 Significant Subsidiaries 
 Cal Dive Offshore Contractors, Inc., a Delaware corporation

 Cal Dive Vessels International, Ltd., a Cayman Islands company 
 Cal Dive International Pte. Ltd., a company organized under the laws of Singapore 
 HOC Offshore S
de RL de CV, a Mexican company 
 Cal Dive International (Australia) Pty Limited, an Australian company 

Guarantors 
 CDI
Renewables, LLC, a Delaware limited liability company 
 Affiliated Marine Contractors, Inc., a Delaware corporation 

Cal Dive Offshore Contractors, Inc., a Delaware corporation 
 Fleet Pipeline Services, Inc., a Delaware corporation 
 Gulf Offshore Construction, Inc., a
Delaware corporation 

 EXHIBIT A 
 [Form of Comfort Letter from Ernst & Young LLP] 
 This draft is furnished solely
for the purpose of indicating the form of the letter that we would expect to be able to furnish Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated in response to their request, the matters expected to be
covered in the letter, and the nature of the procedures which we would expect to carry out with respect to such matters. Based on our discussions with Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, it is
our understanding that the procedures outlined in this draft letter are those they wish us to follow. Unless Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated inform us otherwise, we shall assume there are
no additional procedures they wish us to follow. The text of the letter itself will depend, of course, upon the results of the procedures, which we would not expect to complete until shortly before the letter is given and in no event before the
cutoff date indicated therein. The restrictions expressed in the concluding paragraph apply to this draft. 
 July _, 2012 

Cal Dive International, Inc. 
 2500 CityWest
Blvd. 
 Suite 2200 
 Houston, TX 77042

 And 
 Wells Fargo Securities, LLC

 Merrill Lynch, Pierce, Fenner & Smith Incorporated 
 As Representatives of the Several Placement Agents 
 c/o 

Wells Fargo Securities, LLC 
 375 Park Avenue

 New York, NY 10152 
 Merrill Lynch,
Pierce, Fenner & Smith Incorporated 
 One Bryant Park 
 New York, NY 10036 
 Dear Ladies and Gentlemen: 

We have audited the consolidated balance sheets of Cal Dive International, Inc. and subsidiaries (the “Company”) as of
December 31, 2011 and 2010, and the consolidated statements of operations, stockholders’ equity and comprehensive income and cash flows for each of the three years in the period ended December 31, 2011, all included in the
Company’s Annual Report on Form 10-K for the year ended December 31, 2011 and incorporated by reference in the Offering Memorandum for sale of $75 million of __% convertible senior notes (“senior convertible notes”) of the
Company due 2017. Our report with respect thereto is incorporated by reference in the Offering Memorandum. This Offering Memorandum, dated July __, 2012, is herein referred to as the “Offering

  
 A-1

 
Memorandum.” Also, we have audited the effectiveness of the Company’s internal control over financial reporting as of December 31, 2011 as indicated in our report dated
March 2, 2012, which is included in the Company’s Annual Report on Form 1 0-K for the year ended December 31, 2011 and incorporated by reference in the Offering Memorandum. 
 This letter is being furnished in reliance upon your representation to us that: 
  

	 	a.	You are knowledgeable with respect to the due diligence review process that would be performed if this placement of securities were being registered pursuant to the
Securities Act of 1933 (the “Act”). 

  

	 	b.	In connection with the offering of senior convertible notes, the review process you have performed is substantially consistent with the due diligence review process
that you would have performed if this placement of securities were being registered pursuant to the Act. 

 In connection with the
Offering Memorandum: 
  

	 	1.	We are an independent registered public accounting firm with respect to the Company within the meaning of the Act and the applicable rules and regulations thereunder
adopted by the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (United States) (PCAOB). 

  

	 	2.	We have not audited any financial statements of the Company as of any date or for any period subsequent to December 31, 2011. The purpose (and therefore the scope)
of our audit for the year ended December 31, 2011 was to enable us to express our opinion on (i) the financial statements as of December 31, 2011, and for the year then ended, but not on the financial statements for any interim period
within that year, (ii) the effectiveness of the Company’s internal control over financial reporting, as of December 31, 2011, but not on the effectiveness of the Company’s internal control over financial reporting as of any date
or for any period within the year ended December 31, 2011. Therefore, we are unable to and do not express any opinion on: the unaudited consolidated balance sheet at March 31, 2012; the unaudited consolidated statements of operations,
comprehensive loss and cash flows for the three-month periods ended March 31, 2012 and 2011, incorporated by reference in the Offering Memorandum; or the financial position, results of operations or cash flows as of any date or for any period
subsequent to December 31, 2011; or on the effectiveness of the Company’s internal control over financial reporting as of any date or for any period within the year ended December 31, 2011 or subsequent to December 31, 2011.

  

	 	3.	 For purposes of this letter we have read the 2012 minutes of the meetings of the shareholders, the Board of Directors and the Board Committees (Audit,
Corporate, Governance & Nominating, Compensation and Stockholders) of the Company and its subsidiaries as set forth in the minutes books through July 9, 2012, officials of the Company having advised us that the minutes of all such

  
 A-2

	 	
meetings through that date were set forth therein. For those meetings where minutes have not yet been finalized or prepared, draft minutes or agendas were reviewed and/or we have discussed with
the Company the actions taken at such meetings. We also have carried out other procedures to July 9, 2012 as follows (our work did not extend to the period from July 10, 2012 to July__, 2012 inclusive): 

 

	 	a.	With respect to the three-month periods ended March 31, 2012 and 2011, we have performed the procedures specified by the PCAOB for a review of interim financial
information as described in AU 722, Interim Financial Information, on the unaudited consolidated balance sheet at March 31, 2012 and the unaudited consolidated statements of operations, comprehensive loss and cash flows for the
three-month periods ended March 31, 2012 and 2011, incorporated by reference in the Offering Memorandum. 

  

	 	b.	With respect to the period from April 1, 2012 to May 31, 2012, we have: 

 

	 	1.	read the unaudited financial statements as of and for the periods ended May 31, 2012 and 2011 furnished to us by the Company, officials of the Company having
advised us that no such financial statements as of any date or for any period subsequent to May 31, 2012 were available and the financial information as of and for the periods ended May 31, 2012 and 2011 is incomplete in that it omits the
statements of cash flows and other disclosures; and 

  

	 	2.	inquired of certain Officials of the Company who have responsibility for financial and accounting matters as to whether the unaudited consolidated financial statements
referred to under 3.b.(1) are stated on a basis substantially consistent with that of the audited consolidated financial statements incorporated by reference in the Offering Memorandum. 

The foregoing procedures do not constitute an audit conducted in accordance with the standards of the PCAOB. Also, they would not
necessarily reveal matters of significance with respect to comments in the following paragraphs. Accordingly, we make no representation as to the sufficiency of the foregoing procedures for your purposes. 

 

	 	4.	Nothing came to our attention as a result of the foregoing procedures that caused us to believe that: 

 

	 	a.	 any material modifications should be made to the unaudited consolidated financial statements described in 3.a. above, incorporated by reference in the
Offering Memorandum, for them to be in conformity with US generally accepted accounting principles. Additionally as disclosed in the Offering Memorandum on page__, those financial statements have not yet

  
 A-3

	 	
been revised to reflect the adoption of ASU 2011-05, Presentation of Comprehensive Income, as amended by ASU 2011-12, Deferral of the Effective Date for Amendments to the Presentation
of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05; or 

  

	 	b.	(i) at May 31, 2012, there was any change in the capital stock, increase in long-term debt or any decrease in consolidated net current assets or shareholders’
equity of the consolidated companies as compared with the amounts shown in the March 31, 2012 unaudited consolidated balance sheet included in the Offering Memorandum; or (ii) for the period from April 1, 2012 to May 31, 2012,
there were any decreases, as compared with the corresponding period in the preceding year, in consolidated net revenues or in the total or basic per-share amount of consolidated net income, except as follows: 

 

									
	 	  	3/31/2012	 	  	5/31/2012	 
	 Long-term Debt
	  	 	152,100,000	  	  	 	171,600,000	  
	 Stockholders’ Equity
	  	 	306,578,034	  	  	 	297,530,144	  

  

	 	5.	As mentioned under 3.b.(1) above, Company officials have advised us that no consolidated financial statements as of any date or for any period subsequent to
May 31, 2012 are available; accordingly, the procedures carried out by us with respect to changes in financial statement items after May 31, 2012 have, of necessity, been even more limited than those with respect to the periods referred to
in 3. above. We have inquired of certain officials of the Company who have responsibility for financial and accounting matters as to whether: (i) at July 9, 2012 there was any change in the capital stock, increase in long-term debt or any
decrease in consolidated net current assets or stockholders’ equity of the consolidated companies as compared with the amounts shown on the March 31, 2012 unaudited consolidated balance sheet incorporated by reference in the Offering
Memorandum, or (ii) for the period from April 1, 2012 to July 9, 2012, there was any decrease, as compared with the corresponding period in the preceding year, in consolidated net revenues or in the total or per-share amounts of
consolidated net income. Officials of the Company stated that there were no financial statements available subsequent to May 31, 2012, and therefore they had no basis on which to make representations and could not respond to our inquiries about
changes, increases, or decreases, except for changes, increases or decreases that the Offering Memorandum discloses have occurred. 

  

	 	6.	At your request, we have also read the items identified by you on the attached copies of pages from the Offering Memorandum, December 31, 2011 Form 10-K,
March 31, 2012 Form 10-Q and 2012 Proxy Statement Pursuant to Section 14(a), and have performed the following procedures, which were applied as indicated with respect to the letters explained below: 

  
 A-4

	 	A	Compared dollar amounts to the amounts in the audited consolidated financial statements described in the introductory paragraph of this letter to the extent such
amounts are included or can be derived from such statements and found them to be in agreement, after consideration of rounding. Those financial statements have not been revised to reflect the adoption of ASU 2011-05, Presentation of Comprehensive
Income, as amended by ASU 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05.

  

	 	B	Compared the dollar and other amounts not derived directly from audited consolidated financial statements described in the introductory paragraph of this letter or to
amounts in the unaudited consolidated financial statements described in paragraph 2 above, to amounts in the Company’s accounting records to the extent such amounts could be so compared directly and found them to be in agreement, after
consideration of rounding. 

  

	 	C	Compared the dollar and other amounts not derived directly from audited consolidated financial statements described in the introductory paragraph of this letter or to
amounts in the unaudited consolidated financial statements described in paragraph 2 above, or that could not be compared directly to the Company’s accounting records, to amounts in analyses prepared by the Company from its accounting records
and found them to be in agreement, after consideration of rounding. 

  

	 	D	Compared the dollar amounts to amounts in the unaudited consolidated financial statements described in paragraph 2 above, to the extent that such amounts are included
in or can be derived from such statements and found them to be in agreement, after consideration of rounding. 

  

	 	E	Proved the arithmetic accuracy of the percentages or amounts based on the data in the above-mentioned financial statements, accounting records, and analyses. However,
we make no representation to the completeness or appropriateness of the explanation of any increase or decrease. Capitalization is defined as Stockholders’ Equity plus Long-Term Debt. Working Capital is defined as Current Assets minus Current
Liabilities. Net debt position is defined as outstanding debt minus cash and cash equivalents. Net loss adjusted for non-cash items is defined as net loss plus depreciation and amortization expense, stock compensation expense, deferred income tax
expense, gain or loss on sale of assets, amortization of deferred financing costs and asset impairment. Long term debt, less current maturities is defined as outstanding debt minus current portion. 

 

	 	F	Compared the dollar amounts of the cash severance payment to the Separation Agreement between the named individual and the Company. 

  
 A-5

	 	G	Compared the dollar amounts of “Salary” and “Non-Equity Incentive Plan Compensation” for each named executive listed in the summary compensation
table with the corresponding amounts shown in the individual employee earnings record for the years 2011, 2010 and 2009 and found them to be in agreement. We compared the dollar amounts of “Non-Equity Incentive Plan Compensation” for each
named executive listed in the summary Compensation table with the corresponding amounts included in the Compensation Committee Meeting minutes for the years 2011, 2010 and 2009 and found them to be in agreement. We also compared the dollar amounts
of “Fees Earned or paid in Cash” for each named director in the director compensation table with the corresponding amounts shown in the individual director earnings records for the year 2011. 

 

	 	H	Compared the non-cash stock compensation expense amount in the audited consolidated financial statements, noting the amount was $9,565 thousand versus $9,563 thousand
as presented. 

  

	 	I	Compared dollar amounts to the amounts in the audited consolidated financial statements included in the 2009 and 2008 Form 10-K’s or the unaudited consolidated
financial statements included in the March 31, 2011 Form 10-Q to the extent such amounts are included or can be derived from such statements and found them to be in agreement, after consideration of rounding. Those financial statements have not
been revised to reflect the adoption of ASU 2011-05, Presentation of Comprehensive Income, as amended by ASU 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other
Comprehensive Income in Accounting Standards Update No. 2011-05. 

  

	 	J	Compared the amounts adjusted for the issuance of the $75 million senior convertible notes to be offered by means of the Offering Memorandum and for the proposed use of
a portion of the proceeds thereof as well as the sale of the Eclipse and Singapore facility to prepay portions of the Term Loan, as described under “Use of Proceeds,” with the amounts shown under the caption “As Adjusted,” and
found such amounts to be in agreement. We make no representation as to whether the transaction will take place or the amount of proceeds from the transaction. We make no representation as to the reasonableness of the “Use of Proceeds” or
whether such use will actually take place. 

  

	 	K	Compared the ratio and amounts to audited or unaudited financial statements and found them to be in agreement. We (a) compared the ratios and amounts on the
schedule to corresponding amounts appearing in or calculated from the audited or unaudited financial statements and found such amounts to be in agreement and (b) proved arithmetic accuracy of the schedule. However, we make no comment as to the
appropriateness or completeness of the Company’s definition and methodology for calculating the Ratio of Earnings to Fixed Charges or calculation of the estimate of interest in rental expense. 

  
 A-6

 We make no comments as to the appropriateness or completeness of the Company’s
determination of the Regulation S-K requirements for quantitative and qualitative disclosures about market risks, nor with respect to the reasonableness of the assumptions underlying the disclosures. 

We make no representations as to questions of legal interpretation regarding the completeness or appropriateness of the Company’s
determination of what constitutes executive compensation for purposes of the SEC disclosure requirements on executive compensation. 
 It should be noted that EBITDA (as defined in the Offering Memorandum) is not a measure of operating performance or liquidity defined by U.S. generally accepted accounting principles and may not be
comparable to similarly titled measures presented by other companies. We make no comment about the Company’s definition, calculation or presentation of EBITDA, its manner of presentation or its appropriateness or usefulness for any purposes.

  

	 	7.	Our audits of the consolidated financial statements for the periods referred to in the introductory paragraph of this letter were comprised of audit tests and
procedures deemed necessary for the purpose of expressing an opinion on such financial statements taken as a whole. For neither the periods referred to therein nor any other period did we perform audit tests for the purpose of expressing an opinion
on individual balances of accounts or summaries of selected transactions such as those enumerated above and, accordingly, we do not express an opinion thereon. 

 

	 	8.	It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated
in the preceding paragraph; also, such procedures would not necessarily reveal any material misstatement of the information identified in 6. above. Further, we have addressed ourselves solely to the foregoing data as set forth in the Offering
Memorandum and make no representations as to the adequacy of disclosure or as to whether any material facts have been omitted. 

  

	 	9.	This letter is solely for the information of the addressees, as representative of the several placement agents, and to assist the sale agents in conducting and
documenting their investigation of the affairs of the Company in connection with the offering of the securities covered by the Offering Memorandum, and it is not to be used, circulated, quoted or otherwise referred to for any purpose, including but
not limited to the purchase or sale of securities, nor is it to be filed with or referred to in whole or in part in the Offering Memorandum or any other document, except that reference may be made to it in the Purchase Agreement or in any list of
closing documents pertaining to the offering of securities covered by the Offering Memorandum. 

  
 A-7

 Very truly yours, 

 

			
	Exhibits:	  	
	Exhibit I	  	Offering Memorandum
	Exhibit II	  	December 31, 2011 Form 10-K
	Exhibit III	  	March 31, 2012 Form 10-Q
	Exhibit IV	  	2012 Proxy Statement Pursuant to Section 14(a)

  
 A-8

 EXHIBIT B 
 [Form of Opinion of Jones Walker] 
 Opinion of Jones, Walker, Waechter,
Poitevent, Carrère & Denègre, L.L.P., counsel for the Company to be delivered pursuant to Section 5(c) of the Purchase Agreement. 

References to the Final Offering Memorandum in this Exhibit B include any supplements thereto at the Closing
Date1. 

(i) The Company’s authorized equity capitalization is as set forth in or incorporated by reference into the General Disclosure
Package and the Final Offering Memorandum. The authorized, issued and outstanding capital stock of the Company (including the Common Stock) conform in all material respects to the descriptions thereof set forth in the General Disclosure Package and
the Final Offering Memorandum under the caption “Description of Capital Stock”. 
 (ii) The Purchase Agreement has
been duly authorized by all necessary corporate action on the part of the Company and each Guarantor and has been duly executed and delivered by the Company and each Guarantor. 

(iii) The Indenture has been duly authorized, executed and delivered by the Company and each Guarantor and (assuming the due
authorization, execution and delivery thereof by the Trustee) constitutes a valid and binding agreement of the Company and each Guarantor, enforceable against the Company and each Guarantor in accordance with its terms, except as the enforcement
thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as
enforcement thereof is subject to general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing (regardless of whether enforcement is considered in a proceeding in equity or at
law). 
 (iv) The Notes are in the form contemplated by the Indenture, have been duly authorized, executed, issued and delivered
by the Company and, assuming that the Notes have been duly authenticated by the Trustee in the manner described in its certificate delivered to you today in the manner provided in the Indenture (which fact such counsel need not determine by an
inspection of the Notes), the Notes constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency (including,
without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof is subject to general principles of equity,
including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be entitled to the benefits of the Indenture.

  
  

	1 	 Opinions will be brought down to any Subsequent Closing Date, if applicable. 

  
 B-1

 (v) The Guarantees with respect to the Notes of each Guarantor are in the form contemplated
by the Indenture, have been duly authorized by such Guarantor and, assuming that the Notes have been duly authenticated by the Trustee in the manner described in its certificate delivered to you today in the manner provided in the Indenture (which
fact such counsel need not determine by an inspection of the Notes), the Guarantees constitute valid and binding obligations of such Guarantor, enforceable against such Guarantor in accordance with their terms, except as the enforcement thereof may
be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting enforcement of creditors’ rights generally and except as enforcement thereof
is subject to general principles of equity, including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing (regardless of whether enforcement is considered in a proceeding in equity or at law), and will be
entitled to the benefits of the Indenture. 
 (vi) The Securities and the Indenture conform as to legal matters in all material
respects to the descriptions thereof contained in the General Disclosure Package and the Final Offering Memorandum. 
 (vii) The
maximum number of shares of Common Stock initially issuable upon conversion of the Notes (including the maximum number of shares of Common Stock that may be issued upon conversion of the Notes in connection with a make-whole fundamental change),
assuming the Company elects to issue and deliver solely shares of Common Stock in respect of all such conversions, have been duly authorized and reserved for issuance upon such conversion by all necessary corporate action and any such shares of
Common Stock, when issued upon such conversion, will be validly issued and will be fully paid and non-assessable. 
 (viii) Each
document filed pursuant to the Exchange Act (other than the financial statements and supporting schedules included therein, as to which no opinion need be rendered) and incorporated or deemed to be incorporated by reference into the General
Disclosure Package and the Final Offering Memorandum appears on its face to have complied when so filed as to the form in all material respects with the requirements of the Exchange Act. 

(ix) The statements in each of the General Disclosure Package and the Final Offering Memorandum under the captions, “Description of
Capital Stock” and “Material U.S. Federal Tax Consequences for Non-U.S. Holders of Common Stock”, insofar as such statements constitute summaries of law, summaries of legal matters or legal proceedings, or legal conclusions, have been
reviewed by such counsel and accurately present and summarize, in all material respects, the matters referred to therein. 
 (x)
No registration under the Securities Act of the Securities is required in connection with the issuance and sale of the Securities to the Initial Purchaser as contemplated by the Purchase Agreement and the General Disclosure Package and the Final
Offering Memorandum or in connection with the initial resale of the Securities by the Initial Purchaser in accordance with the Purchase Agreement, and, the Indenture is not required to be qualified under the TIA, in each case assuming (i) that
the purchasers who buy the Notes in the initial resale thereof are “qualified institutional buyers” as defined in Rule 144A promulgated under the Securities Act, (ii) the accuracy of each Initial Purchaser’s representations in
Section 6(c) of the Purchase Agreement and those of the Company contained in the Purchase Agreement regarding the absence of a general solicitation in connection with the sale of the Securities to the Initial Purchaser and the initial resale
thereof and (iii) the due performance by such Initial Purchaser of the covenants and agreements set forth in the Purchase Agreement. 

  
 B-2

 (xi) The execution and delivery of the Purchase Agreement, the Indenture and the Notes by
the Company and each Guarantor, as applicable, and the performance by the Company and each Guarantor, as applicable, of its obligations thereunder (other than performance by the Company and each Guarantor of its obligations under the indemnification
and contribution sections of the Purchase Agreement, as to which no opinion shall be rendered) (i) will not result in any violation of the provisions of the charter or by-laws or other organizational documents, as applicable, of the Company or
any subsidiary; (ii) will not constitute a breach of, or Default under, or result in the creation or imposition of any lien, charge or encumbrance upon any material property or assets of the Company pursuant to the Company’s credit
agreement dated as of April 26, 2011, as amended by Amendment No. 1 dated October 7, 2011 and Amendment No. 2 dated July 9, 2012, as may be further amended, among Cal Dive International, Inc., the lenders named therein and
Bank of America, N.A., as administrative agent, and (iii) does not require the consent, approval, authorization or other order of, or registration or filing with, any court or other governmental authority or agency, except as required under the
Securities Act, applicable state securities or blue sky laws, the rules and regulations of the NYSE and from the FINRA. 
 (xii)
Neither the Company nor any Guarantor and, after giving effect to the offering and sale of the Notes as described in each of the General Disclosure Package and the Final Offering Memorandum, will be an “investment company” within the
meaning of Investment Company Act. 
 Such counsel shall also state that such counsel has participated in conferences with
officers and other representatives of the Company, representatives of the independent public or certified public accountants for the Company and representatives of the Initial Purchasers at which the contents of the General Disclosure Package and
the Final Offering Memorandum, and any supplements or amendments thereto, and related matters were discussed and, although such counsel is not passing upon and does not assume any responsibility for the accuracy, completeness or fairness of the
statements contained in the General Disclosure Package or the Final Offering Memorandum including the documents incorporated by reference therein (other than as specified above), and any supplements or amendments thereto, on the basis of the
foregoing, no facts have come to their attention which would cause them to believe that (i) as of 8:30 P.M. New York City time on July 12, 2012, the General Disclosure Package contained any untrue statement of a material fact or omitted to
state a material fact necessary in order to make the statements therein, in the light of circumstances under which they were made, not misleading; or (ii) the Final Offering Memorandum, as of its date and at the Closing Date or any Subsequent
Closing Date, as the case may be, contained any untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading;
it being understood that such counsel need express no belief as to the financial statements or schedules or other financial or accounting data derived therefrom, included or incorporated by reference into the General Disclosure Package or the Final
Offering Memorandum or any amendments or supplements thereto. 

  
 B-3

 Whenever such counsel’s opinion is given with respect to the existence or absence of
facts (or legal conclusions which are based upon the existence or absence of facts), and is indicated to be based on such counsel’s knowledge, it is intended to signify that no information has come to the attention of any attorney in such
counsel’s firm who regularly handles the Company’s legal matters or who has devoted substantive time or attention to the Company’s legal matters that would give any such person actual knowledge of the existence or absence of such
facts. However, except to the extent expressly set forth herein, such counsel has not undertaken any independent investigation or inquiry to determine or verify the existence or absence of such facts, and no inference as to such counsel’s
knowledge of the existence or absence of such facts should be drawn from such counsel’s representation of the Company. 

In rendering such opinion, such counsel may rely (A) as to matters involving the application of laws of any jurisdiction other than
the General Corporation Law of the State of Delaware, Delaware Limited Liability Company Act or the federal law of the United States, to the extent they deem proper and specified in such opinion, upon the opinion (which shall be dated the Closing
Date shall be satisfactory in form and substance to the Initial Purchasers, shall expressly state that the Initial Purchasers may rely on such opinion as if it were addressed to them and shall be furnished to the Representatives) of other counsel of
good standing whom they believe to be reliable and who are satisfactory to counsel for the Initial Purchasers; provided, however, that such counsel shall further state that they believe that they and the Initial Purchasers are
justified in relying upon such opinion of other counsel, and (B) as to matters of fact, to the extent they deem proper, on certificates of responsible officers of the Company and public officials. 

Such counsel may state that its opinion is being rendered to you in connection with the offering and sale of the Securities and
accordingly, may not be relied upon by you for any other purpose or furnished to, or relied on by, any other person without such counsel’s prior written consent. Such counsel may state that it expresses no opinion as to any matter other than
those matters expressly set forth above, and no other opinion is to, or may be, interpreted or implied herefrom. This opinion is given on the date hereof and is based upon facts and circumstances currently known to such counsel, and such counsel may
state that it undertakes no, and hereby disclaims any, obligation to advise you of any change in the matters set forth herein. 

  
 B-4

 EXHIBIT C 
 [Form of Opinion of General Counsel] 
 Opinion of Lisa Buchanan, General
Counsel of the Company, to be delivered pursuant to Section 5(c) of the Purchase Agreement. 

References to the Final Offering Memorandum in this Exhibit C include any supplements thereto at the Closing
Date.2 

(i) The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of
Delaware. 
 (ii) The Company has corporate power and authority to own, lease and operate its properties and to conduct its
business as described in the General Disclosure Package and the Final Offering Memorandum and to enter into and perform its obligations under the Purchase Agreement. 
 (iii) The Company is duly qualified as a foreign corporation to transact business and is in good standing in each jurisdiction listed on Schedule I hereto. 

(iv) Each Guarantor and Significant Subsidiary of the Company listed on Schedule II hereto has been duly incorporated or formed, as the
case may be, and is validly existing as a corporation or other entity in good standing under the laws of the jurisdiction of its incorporation or formation, has corporate or other power and authority to own, or lease, as the case may be, and to
operate its properties and to conduct its business as described in or incorporated by reference into the General Disclosure Package and the Final Offering Memorandum and is duly qualified as a foreign corporation or other entity to transact business
and is in good standing in each jurisdiction listed on Schedule II hereto. 
 (v) All of the issued and outstanding capital
stock or other equity interest of each Guarantor and Significant Subsidiary of the Company listed on Schedule II has been duly authorized and validly issued, is fully paid and non-assessable and, to the knowledge of such counsel, is owned by the
Company, directly or through subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance or, to the knowledge of such counsel, any pending or threatened claim other than as described in or incorporated by reference
into the General Disclosure Package and the Final Offering Memorandum. 
 (vi) All of the outstanding shares of Common Stock
have been duly authorized and validly issued, are fully paid and nonassessable. 
 (vii) No stockholder of the Company or any
other person has any preemptive right, right of first refusal or other similar right to subscribe for or purchase securities of the Company arising (i) by operation of the charter or by-laws of the Company or the General Corporation Law of the
State of Delaware or (ii) to the knowledge of such counsel, otherwise. 
  

 

	2 	 Opinions will be brought down to any Subsequent Closing Date, if applicable. 

  
 C-1

 (viii) To the knowledge of such counsel, there are no legal or governmental actions, suits
or proceedings pending or threatened which would reasonably be expected to result in a Material Adverse Effect, or which would reasonably be expected to materially and adversely affect the consummation of the transactions contemplated in the
Purchase Agreement or of the performance by the Company or any Guarantor of its obligations thereunder. 
 (ix) Except as
disclosed in or incorporated by reference into the General Disclosure Package and the Final Offering Memorandum, to the knowledge of such counsel, there are no persons with registration or other similar rights to have any equity or debt securities
registered for sale or included in the offering contemplated by the Purchase Agreement, except for such rights as have been duly waived. 
 (x) The execution and delivery of the Purchase Agreement, the Indenture and the Notes by the Company and the performance by the Company and each Guarantor of its obligations thereunder (other than
performance by the Company and each Guarantor of its obligations under the indemnification and contribution sections of the Purchase Agreement, as to which no opinion shall be rendered) (i) will not constitute a breach of, or Default under, or
result in the creation or imposition of any lien, charge or encumbrance upon any material property or assets of the Company or any Guarantor pursuant to any instrument that is filed as an Exhibit to the Company Annual Report on Form 10-K for the
year ended December 31, 2011, the Company’s Quarterly Report on Form 10-Q for the quarter ended March 21, 2012 or any of the Company’s subsequent Current Reports on Form 8-K or the knowledge of such counsel, any other existing
instrument; and (ii) will not result in any violation of any statute, law, rule, judgment, regulation, order or decree applicable to the Company or any of its subsidiaries of any court, regulatory body, administrative agency, governmental body,
arbitrator or other authority having jurisdiction over the Company or any of its subsidiaries or any of its or their properties. 
 Such counsel shall also state that such counsel has participated in conferences with officers and other representatives of the Company, representatives of the independent public or certified public
accountants for the Company and representatives of the Initial Purchasers at which the contents of the General Disclosure Package and the Final Offering Memorandum, and any supplements or amendments thereto, and related matters were discussed and,
although such counsel is not passing upon and does not assume any responsibility for the accuracy, completeness or fairness of the statements contained in the General Disclosure Package or the Final Offering Memorandum including the documents
incorporated by reference therein (other than as specified above), and any supplements or amendments thereto, on the basis of the foregoing, no facts have come to such counsel’s attention which would cause such counsel to believe that
(i) as of 8:30 P.M. New York City time on July 12, 2012, the General Disclosure Package contained any untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light
of circumstances under which they were made, not misleading; or (ii) the Final Offering Memorandum, as of its date and at the Closing Date or any Subsequent Closing Date, as the case may be, contained any untrue statement of a material fact or
omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not 

  
 C-2

 
misleading; it being understood that such counsel need express no belief as to the financial statements or schedules or other financial or accounting data derived therefrom, included or
incorporated by reference into the General Disclosure Package or the Final Offering Memorandum or any amendments or supplements thereto. 
 In rendering such opinion, such counsel may rely (A) as to matters involving the application of laws of any jurisdiction other than the General Corporation Law of the State of Delaware, Delaware
Limited Liability Company Act or the federal law of the United States, to the extent they deem proper and specified in such opinion, upon the opinion (which shall be dated the Closing Date shall be satisfactory in form and substance to the Initial
Purchasers, shall expressly state that the Initial Purchasers may rely on such opinion as if it were addressed to them and shall be furnished to the Representatives) of other counsel of good standing whom they believe to be reliable and who are
satisfactory to counsel for the Initial Purchasers; provided, however, that such counsel shall further state that they believe that they and the Initial Purchasers are justified in relying upon such opinion of other counsel, and
(B) as to matters of fact, to the extent they deem proper, on certificates of responsible officers of the Company and public officials. 
 Such counsel may state that such counsel’s opinion is being rendered solely to you in connection with the offering and sale of the Securities and, accordingly, may not be relied upon by you for any
other purpose or furnished to, or relied on by, any other person without such counsel’s prior written consent. Such counsel may state that such counsel expresses no opinion as to any matter other than those matters expressly set forth above,
and no other opinion is to, or may be, interpreted or implied therefrom. This opinion is given as of the date hereof and is based upon facts and circumstances currently known to such counsel, and such counsel may state that such counsel undertakes
no, and hereby disclaims any, obligation to advise you of any change in the matters set forth herein. 

  
 C-3

 EXHIBIT D 
 July [    ], 2012 
 Wells Fargo Securities, LLC 

Merrill Lynch, Pierce, Fenner & Smith 

                Incorporated 

As Representatives of the several Initial Purchasers 
 c/o 
 Wells Fargo Securities, LLC 
 375 Park Avenue 
 New York, NY 10152 
 Merrill Lynch, Pierce, Fenner & Smith 

                Incorporated 

One Bryant Park 
 New York, NY 10036 

 

	Re:	Cal Dive International, Inc. (the “Company”) 

 Ladies and Gentlemen: 
 The undersigned is, or may during the Lock-Up Period (as
defined below) become, an owner of record or beneficially of certain shares of Common Stock of the Company (“Common Stock”) or securities convertible into or exchangeable or exercisable for Common Stock. The Company proposes to offer
$[•] aggregate principal amount of its [•]% Convertible Senior Notes due 2017 (the “Offering”) for which you will act as the representatives of the initial purchasers. The undersigned recognizes that the Offering will be of
benefit to the undersigned and will benefit the Company. The undersigned acknowledges that you and the other initial purchasers are relying on the representations and agreements of the undersigned contained in this letter in carrying out the
Offering and in entering into arrangements with the Company with respect to the Offering. 

  
 D-1

 In consideration of the foregoing, and except as provided in the following paragraph, the
undersigned hereby agrees that the undersigned will not (and will cause any spouse or immediate family member of the spouse or the undersigned living in the undersigned’s household not to), without the prior written consent of Wells Fargo
Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated (collectively, the “Representatives”) (which consent may be withheld in the sole discretion of the Representatives), directly or indirectly, sell, offer,
contract or grant any option to sell (including without limitation any short sale), pledge, transfer, establish an open “put equivalent position” or liquidate or decrease a “call equivalent position” within the meaning of Rule
16a-1(h) under the Securities Exchange Act of 1934, as amended, or otherwise dispose of or transfer (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition of) including the filing (or
participation in the filing of) of a registration statement with the Securities and Exchange Commission in respect of, any shares of Common Stock, options or warrants to acquire shares of Common Stock, or securities exchangeable or exercisable for
or convertible into shares of Common Stock currently or hereafter owned either of record or beneficially (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) by the undersigned (or such spouse or family member), or
publicly announce an intention to do any of the foregoing, for a period commencing on the date hereof and continuing through the close of trading on the date 90 days after the date of the Final Offering Memorandum (the “Lock-Up Period”).
In addition, the undersigned agrees that, without the prior written consent of the Representatives, it will not, during the Lock-Up Period, make any demand for or exercise any right with respect to, the registration of any shares of Common Stock or
any security convertible into or exercisable or exchangeable for Common Stock. 
 Notwithstanding the immediately preceding
paragraph, the foregoing restrictions shall not apply to (i) transfers of shares of Common Stock or options to purchase shares of Common Stock made as a bona fide gift or gifts, provided that the donee or donees thereof agree to be bound by the
restrictions set forth herein, (ii) transfers of shares of Common Stock or options to purchase shares of Common Stock made to any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned, provided
that the trustee of the trust agrees to be bound by the restrictions set forth herein, and provided further that any such transfer shall not involve a disposition for value, or (iii) the transfer of shares of Common Stock to the Company by the
undersigned (either through the delivery of currently owned shares of Common Stock or the withholding of shares of Common Stock by the Company) in satisfaction of any tax withholding obligation of the undersigned or in payment of the exercise price
for any stock option exercised by the undersigned. 
 The undersigned also agrees and consents to the entry of stop transfer
instructions with the Company’s transfer agent and registrar against the transfer of shares of Common Stock or securities convertible into or exchangeable or exercisable for Common Stock held by the undersigned except in compliance with the
foregoing restrictions. 
 This agreement is irrevocable and will be binding on the undersigned and the respective successors,
heirs, personal representatives, and assigns of the undersigned. 

  
 D-2

			
	 
		 	Printed Name of Holder
		
	 By:
	 	 
		 	Signature
	
	 
		 	Printed Name of Person Signing

 (and indicate capacity of person signing if signing as custodian, trustee, or on behalf of an entity) 

  
 D-3Amended and Restated Solar Development Acquisition and Sale Agreement

 Exhibit 10.1 
 SOLAR DEVELOPMENT ACQUISITION AND SALE AGREEMENT 
 (Amended and Restated)

 Solar Asset Portfolio 
 Effective as of June 7, 2012 
 By and between 

Solar Power, Inc. 
 Buyer 
 and 

Solar Hub Utilities, LLC 
 Seller 

 LIST OF SCHEDULES 

 

			
	Schedule 1.1.1	  	Wire Instructions
		
	Schedule 6.13	  	Solar Data
		
	Schedule 6.14	  	Permits and Permit Applications to be assigned by Seller at Closing
		
	Schedule 6.15	  	Land Contracts to be assigned by Seller at Closing
		
	Schedule 6.16	  	Development Documents to be assigned by Seller at Closing

 LIST OF EXHIBITS 

 

			
	Exhibit A	  	Project List
		
	Exhibit B	  	Bill of Sale and General Assignment and Assumption Agreement
		
	Exhibit C	  	[Reserved]
		
	Exhibit D	  	Escrow Agreement
		
	Exhibit E	  	Security Agreement (Membership)
		
	Exhibit F	  	Security Agreement (Assets)

 SOLAR DEVELOPMENT ACQUISITION AND SALE AGREEMENT 

THIS SOLAR DEVELOPMENT ACQUISITION AND SALE AGREEMENT (this “Agreement”) is effective as of June 7, 2012 (the
“Effective Date”) between Solar Power, Inc., a California corporation, hereafter referred to as (“Buyer”) and Solar Hub Utilities, LLC, a Hawaiian Limited Liability company hereafter referred to as
(“Seller”). 
 RECITALS 
 A. Seller has or is in the process of developing, and owns certain rights, interests and assets comprising sixty-eight (68) solar photovoltaic, electricity generating facilities having a total
initial nominal nameplate capacity of 29.2 MWDC (each a “Project” and more than one the “Projects”) on sites in Oahu, Maui and Kona, Hawaii, as further described on the “Project List” attached as
Exhibit A. 
 B. For each Project and in connection therewith Seller has acquired certain real estate rights and
other assets and completed or commenced certain development activities. Pursuant to the terms and conditions of this Agreement, Seller shall be obligated to complete certain Conditions Precedent, Project Milestones and other requirements with
respect to the Projects as a condition to the payment by Buyer to Seller of the Purchase Price for each of the Projects and transfer of Seller’s ownership interest in Projects to Buyer. 

C. Buyer desires to acquire all right, title and interest in and to the Acquired Assets comprising the Projects, pursuant to the terms
and conditions of this Agreement. 
 D. Seller desires to transfer the Acquired Assets comprising the Projects to Buyer in
accordance with the terms hereof. 
 E. The Buyer and Seller previously entered into an agreement related to the development of
the Projects (“Original Agreement”). 
 F. The intent of Buyer and Seller in executing the Original Agreement was for
Buyer to act in nature of an Engineering Procurement Construction company (“EPC”) for the Project wherein Buyer would provide pre-development capital, construction financing and construction oversight, to assist Solar Hub in its continued
development of the Projects. 
 G. It was further the intent of Buyer and Seller that Solar Hub would remain the owner and
applicant for all of the Projects until a FIT Agreement was executed between Solar Hub and the Utility and consent for any transfer of the Projects was received from the Utility. 

H. However, as Buyer is providing significant capital to be used in the development of the Projects prior to any such transfer of
ownership, it was the intent of the parties for Buyer to have a secured interest in the Projects as security for such investment. 
 I. In reviewing the Original Agreement, the Buyer and Seller agree that the terms of the Original Agreement may not accurately reflect the intent of Buyer and Seller regarding the transactions
contemplated. 
 J. Therefore, the Parties have agreed that the Original Agreement is void and this amended and restated
agreement (“Agreement”) accurately reflects the transaction between Buyer and Seller. 

  
 1 

 AGREEMENT 
 NOW THEREFORE, for good and valuable consideration, including the sums to be paid to Seller by Buyer and the covenants and agreements set forth herein, the receipt and sufficiency of which is hereby
acknowledged, the Parties agree as follows: 
 ARTICLE 1 

DEFINITIONS AND RULES OF INTERPRETATION 
 1.1 Defined Terms. For purposes of this Agreement, the following terms shall have the following meanings, applicable both in the singular and in the plural use of the terms: 

1.1.1 Acquired Assets. All of Seller’s right, title and interest, without reservations or restrictions, in and to all of the
assets and rights comprising each of the Projects, whether existing now or in the future, including, without limitation, pursuant to or as reflected in any and all Development Documents, Books and Records, Land Contracts, Permits, the Permit
Applications, Reports, Interconnection Rights, Power Purchase Agreements, Project Attributes, Solar Data, or otherwise with respect to any Project. 
 1.1.2 Affiliate. With respect to any Person, any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with that
Person. The term “control” (including, with correlative meaning, the terms “controlled by” and “under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power
to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or partnership interests, by contract or otherwise. 

1.1.3 Agreement. This Solar Development Acquisition and Sale Agreement, as amended and restated, including all Exhibits and
Schedules hereto, as the same may be modified, amended or supplemented from time to time in accordance with Section 12.6. 
 1.1.4 Ancillary Agreements. Any agreement, contract or binding obligation with regard to any Project, whether existing now or in the future, other than Land Contracts, Interconnection Agreements,
and Power Purchase Agreements, including, without limitation, (a) any donation agreement; (b) any PILOT (payment in lieu of taxes) agreement; (c) any road maintenance agreement; (d) any decommissioning agreement; (e) any
transmission easements; (f) access easements, and (g) substation use agreements. 
 1.1.5 Authority. Any
federal, state, local or other governmental, judicial, public or statutory instrumentality, tribunal, agency, authority, body or entity, or any political subdivision thereof having legal jurisdiction over the matter or Person in question.

 1.1.6 Bill of Sale. The term shall have the meaning set forth in Section 3.1.6. 

1.1.7 Books and Records. Any and all data, reports, correspondence, maps, surveys and other business records relating to the
Projects that are generated or obtained by Seller prior to Closing (other than the Solar Data). 
 1.1.8 Business Day.
Any day that is not a Saturday, Sunday or other day on which commercial banks in California or Hawaii are authorized or required by law to remain closed. 
 1.1.9 Buyer Conditions. The term shall have the meaning set forth in Section 2.3.3. 

  
 2 

 1.1.10 Buyer Confidential Information. The term shall have the meaning set forth in
Section 8.4.1. 
 1.1.11 Buyer Documents. This Agreement, the General Assignment, the Land Contract
Assignment, the Interconnection Rights Assignment, Escrow Agreement, and each other agreement, document or instrument to be executed and delivered by Buyer in connection herewith. 

1.1.12 Buyer Event of Default. The term shall have the meaning set forth in Section 10.2. 

1.1.13 Buyer Indemnified Parties. The term shall have the meaning set forth in Section 9.3.1. 

1.1.14 Buyer’s Knowledge. The actual and current knowledge of any of the following Persons: Bradley Ferrell, Steven Kircher
and James Pekarsky. 
 1.1.15 Cash Advance. An advance of the Purchase Price by Buyer to Seller up to the Cash Advance
Cap, subject to the terms and conditions set forth in Section 2.2.2(b) and (e). All advances of Cash Advance funds shall be evidenced as advances under the Promissory Note. 

1.1.16 Cash Advance Cap. No more than a maximum aggregate amount of Six Million Dollars ($6,000,000) shall be funded as a Cash
Advance, provided that this amount shall be increased by Two Hundred Fifty Thousand Dollars ($250,000) for each one (1) MW of Projects that Seller has in the FIT Tier 2 active queue for Oahu after confirmation by the PUC and applicable Utility
without the imposition of any additional restriction, condition or qualification, up to twelve (12) MW of Projects, such that the Cash Advance Cap may be increased up to a maximum principal amount of Nine Million Dollars ($9,000,000). In no
event shall the Cash Advance Cap exceed Nine Million Dollars ($9,000,000). 
 1.1.17 Closing. The term shall have the
meaning set forth in Section 2.3.1. 
 1.1.18 Closing Date. The term shall have the meaning set forth in
Section 2.3.1. 
 1.1.19 Code. The Internal Revenue Code of 1986, as the same may be amended from time to
time, including any amendments or any substitute or successor provisions thereto. 
 1.1.20 Conditional Use Permit. The
Conditional Use Permits or equivalent permits issued, or to be issued, whether existing now or in the future, by the various planning or zoning Authorities providing the zoning for and otherwise authorizing the Projects. 

1.1.21 Conditions Precedent. The following conditions with respect to each Project, which collectively comprise one of the
Milestones that Seller must satisfy, at its sole cost and expense, except as set forth in this Agreement, prior to payment by Buyer of the Project Payment for any Project: 
 (a) Notice to Proceed for such Project, including, as appropriate, execution by Buyer of an Interconnection Agreement, with full identification and determination of upgrade costs, and approval of such
upgrade costs pursuant to Section 8.8.2; 
 (b) reasonable written evidence that the Project has qualified for, and
met all conditions precedent other than construction and interconnection, for HECO’s Tier 2 or Tier 3 FIT Program, as applicable, and as in place as of the Closing Date; 

  
 3 

 (c) an executed Lease with the Property owner for such Project, in form and substance
approved by Buyer, and with a Title Commitment for such Property in form and content reasonably approved by Buyer, and at a rent rate consistent with the rent rate set forth in the applicable Land Contract as of the Closing Date; 

(d) the Conditional Use Permit, if required by applicable Authorities, for approval of the installation of the Project on the related
Property, with approval of the costs of any conditions of approval pursuant to Section 8.8.2; and 
 (e) an issued
building Permit from the appropriate Authority, allowing for the installation of the Project on the related Property. 
 (f)
Consents. The term shall have the meaning set forth in Section 8.3. 
 1.1.22 Damages. The term shall
have the meaning set forth in Section 9.3.1. 
 1.1.23 Development Documents. All of the documents and
materials with respect to the Projects, including, without limitation, as defined on Schedule 6.16, whether existing now or in the future. 
 1.1.24 Effective Date. The term shall have the meaning set forth in the preamble to this Agreement. 
 1.1.25 Encumbrances. Any claim, lien, pledge, mortgage, option, charge, easement, security interest, right-of-way, judgment, encumbrance, lease, interest, mineral reservation, covenant, conditional
sales contract, title retention arrangement or restriction or other estate, grant or right of Seller or any third parties. 

1.1.26 Endorsements. ALTA, CLTA or company form endorsements required by Buyer that are available in the State of Hawaii with
respect to the Property. 
 1.1.27 Environmental Laws. All Laws that regulate or relate to (i) the protection or
clean-up of the environment; (ii) the Handling of Hazardous Materials; (iii) the preservation or protection of waterways, groundwater, drinking water, air, wildlife, plants or other natural resources; and (iv) the health and safety of
persons or property, including protection of the health and safety of employees. Environmental Laws shall include, without limitation, the Resource Conservation & Recovery Act, Clean Water Act, Safe Drinking Water Act, Occupational Safety
and Health Act, Toxic Substances Control Act, Clean Air Act, Comprehensive Environmental Response, Compensation and Liability Act, Emergency Planning and Community Right-to-Know Act, Hazardous Materials Transportation Act, and Centers for Disease
Control guidelines, policies and procedures, and all analogous or related Laws. 
 1.1.28 Escrow Account. The escrow
account maintained by the Escrow Holder pursuant to the terms of the Escrow Agreement. 
 1.1.29 Escrow Agreement. The
agreement between Buyer, Seller and Escrow Holder regarding the holding and disbursement of Cash Advance and Project Payment funds as set forth in Section 2.2, and in the form attached hereto as Exhibit D. 

1.1.30 Escrow Holder. Title Guaranty Escrow Services, Inc. 

1.1.31 Facilities. The solar power generating facilities (including, without limitation, any and all support structures,
photovoltaic panels, electrical collection system, access roads, and any and 

  
 4 

 
all other equipment, materials and improvements associated therewith), for an combined nominal nameplate capacity of 29,172,000 watts DC, which are planned for development related to each the
Properties in connection with the Project portfolio. 
 1.1.32 Formation Documents. The articles or certificate of
incorporation or formation and bylaws of a corporation or operating agreement of a limited liability company. 
 1.1.33
General Assignment. This term shall have the meaning set forth in Section 3.1.1. 
 1.1.34 Handling.
The production, use, treatment, storage, transportation, generation, manufacture, processing, distribution, disposal, emission, discharge, Release or threatened Release. 
 1.1.35 Hazardous Materials. Any dangerous, hazardous or toxic substance or constituent or pollutant or contaminant which, pursuant to any Laws in effect as of the Effective Date, has been
determined, to be hazardous, toxic or dangerous to human health or the environment, including, but not limited to, any hazardous substance under the Comprehensive Environmental Response, Compensation and Liability Act, as amended (42 U.S.C.A. §
9601 et. seq.), any solid waste under the Resource Conservation and Recovery Act of 1976, as amended (42 U.S.C.A. § 6901 et. seq.), or any contaminant, pollutant, waste or toxic substance under the Clean Air Act, as amended (42 U.S.C.A. §
7401 et. seq.), the Federal Water Pollution Control Act, as amended (33 U.S.C.A. § 1251 et. seq.), the Safe Drinking Water Act, as amended (42 U.S.C.A. § 300f et. seq.), the Emergency Planning and Community Right-To-Know Act, as amended
(42 U.S.C.A sec. 110001 et. seq.), the Occupational Safety and Health Act, as amended (29 U.S.C.A sec. 651 et. seq.), the Hazardous Materials Transportation Act, as amended, (49 U.S.C.A. sec. 5101 et. seq.) or the Toxic Substances Control Act, as
amended (15 U.S.C.A. § 2601 et. seq.), and any equivalent or applicable state or local laws. 
 1.1.36
Impairment. With respect to any Project which is impacted by a Seller Event of Default, a cost increase for such Project over the amount set forth for such Project on the Project Cost Schedule and equal to or greater than $0.28 per watt as a
direct result of the applicable Seller Event of Default. 
 1.1.37 Interconnection Agreements. The interconnection
agreements, whether existing now or in the future, with the appropriate Utility for the interconnection of each Project to the Utility distribution grid. 
 1.1.38 Interconnection Rights. All rights and interests of the non-Utility party, without reservations or restrictions, in the Interconnection Agreements. 

1.1.39 Interconnection Studies. The Interconnection studies and reports identified on Schedule 6.16. 

1.1.40 Land Contracts. The letters of intent and Lease Agreements entered into between various property owners, whether existing
now or in the future, including, without limitation, those listed on Schedule 6.15, establishing the tangible real property interests, easements, or leases in the Properties. 

1.1.41 Law. Any law, statute, rule, regulation, ordinance, standard, code, order, judgment, decision, writ, injunction, decree,
certificate of need, award or other governmental restriction, including policy or procedure, issued or enforced by any Authority. 
 1.1.42 Loss. A Loss occurs with respect to a Project if, as a direct result of a Seller Event of Default, (1) such Project no longer qualifies for, or otherwise meets the conditions precedent
for 

  
 5 

 
the State of Hawaii’s Tier 2 or 3 FIT Program, (2) the parties determine that such Project cannot achieve Project Milestones 1-5, (3) if Project Milestones 1-5 are or can be
achieved, the Project cannot interconnect with the Utility under the related Interconnection Agreement, (4) Project Milestone 6 is not achieved because the Utility refuses to consent to the transfer of the Power Purchase Agreement from Seller
to Buyer, or (5) the parties determine by mutual agreement that such Project should not be continued. 
 1.1.43 Material
Adverse Effect. Any material adverse change in or effect on any one or more of the Projects or the Acquired Assets that would materially and adversely impact the Buyer under this Agreement. For purposes of determining whether a Material Adverse
Effect exists, the parties shall take into account the underlying business rationale, and the allocation of risk and reward, for the transactions contemplated by this Agreement. For instance, a circumstance that might otherwise be deemed as material
and adverse with respect to a given Project likely will not create a Material Adverse Effect if that Project can be replaced by an Additional Project as allowed herein. Further, given the fact that, pursuant to Section 10.2.2, no remedy
is provided for a Project Default that occurs before the completion of Project Milestones 1-5, a circumstance that might otherwise be deemed as material and adverse likely will not create a Material Adverse Effect if the material and adverse
consequences of that circumstance are of a lesser degree than any possible Project Default that could occur before the completion of Project Milestones 1-5. 
 1.1.44 “Membership Interest” shall mean the membership interest of Seller. 
 1.1.45 Non-Disclosure Period. The term shall have the meaning set forth in Section 8.6. 
 1.1.46 Notice of Completeness. A written or electronic notice from the appropriate Utility or governmental agency(s) that the application for interconnection with respect to a Project is complete.

 1.1.47 Notice to Proceed. A “Notice To Proceed” issued by the applicable Utility with respect to a Project,
as contemplated under the State of Hawaii’s Tier 2 or 3 FIT Program. 
 1.1.48 Other Seller Default. The term shall
have the meaning set forth in Section 10.2.2. 
 1.1.49 Party or Parties. “Party” means Buyer or
Seller individually; and “Parties” means Buyer and Seller collectively. 
 1.1.50 Permit Applications. Any and
all applications, petitions, filings or requests made to any Authority, whether existing now or in the future, on or before the Closing Date in order to obtain a Permit for the Project. 

1.1.51 Permits. The licenses, consents, certificates, approvals, and permits required for the construction, installation,
ownership or operation of the Projects, whether existing now or in the future, including, without limitation, as described on Schedule 6.14 of this Agreement, including, without limitation, the Conditional Use Permits, if a Conditional Use
Permit is required by Law for the Project. 
 1.1.52 Permitted Liens. All of the following: (a) liens for property
taxes and installments of assessments and charges of Authorities not yet due and payable; (b) liens created solely by the act or omission of Buyer; and (c) any other Encumbrances created or permitted with the prior written consent of Buyer
or its Representatives. 

  
 6 

 1.1.53 Person. Any individual, corporation, partnership, joint venture, association,
joint stock company, trust, limited liability company, decedent’s estate, organization, entity, or unincorporated organization or any Authority. 
 1.1.54 Phase I Environmental Assessment. Any Phase I Environmental Assessment, if required, in connection with the Projects. 

1.1.55 Power Purchase Agreement. A power purchase agreement or other evidence of a binding commitment from the applicable Utility
for the purchase of the electricity generated by the Facility, whether existing now or in the future, at a rate not less than $0.238 US per kWh, for a term of not less than twenty (20) years. 

1.1.56 Program Default. Project Defaults involving the Loss or Impairment of Projects, or actions by the PUC or the applicable
Utility removing Projects from the HECO Tier 2 FIT queue, such that Projects with an aggregate capacity of 12 MW (DC) or less remain. 
 1.1.57 Project Cost Schedule. The estimated aggregate and per Project cost of the Projects as detailed on the schedule to be mutually approved by Buyer and Seller. 

1.1.58 Project Default. With respect to any Project, Loss or Impairment of the Project before completion of Project Milestones 1-5
or Loss or Impairment of the Project before completion of Project Milestone 6 or Project Milestone 7, which in either case is caused by a Seller Event of Default. 
 1.1.59 Project. Any single solar-powered electricity generating plant within the portfolio of Projects. 
 1.1.60 Projects. The complete portfolio of 68 single solar-powered electricity generating plants (including the Facilities and Interconnection) having a combined nominal nameplate capacity of
29,172,000 watts DC to be located on the various Properties, and any Additional Projects added pursuant to Section 5.3. 

1.1.61 Project Attributes. The renewable energy certificates or credits, green tags, emission credits, carbon offsets and any
other environmental attribute currently available or available at any time in the future related to each Property, Facilities or Project, as well as all tax credits, including, without limitation, production tax credits and investment tax credits.

 1.1.62 Project Milestones. The requirements set forth in Section 2.2.3(a)(1)-(7) that must be
satisfied by Seller as a condition to receiving Project Payments for each Project, as further set forth in Section 2.2.3. 
 1.1.63 Project Payments. The per Project payment of the Purchase Price as set forth in Section 2.2.3. 
 1.1.64 Project Transfer Date. The date upon which Seller has received the Consent executed by the appropriate Utility for the transfer of the executed Power Purchase Agreement for each Project from
Seller to Buyer. 
 1.1.65 Project Substation. Per the Interconnection Agreement. 

  
 7 

 1.1.66 Promissory Note. A promissory note from Seller to Buyer evidencing funds
advanced by Buyer to Seller, including, without limitation the Cash Advance, in form and content acceptable to Buyer and Seller. 
 1.1.67 Property. All real property on which any of the Projects is intended to be constructed, as evidenced by Land Contracts, whether existing now or in the future, including, without limitation,
that real property subject to the Land Contracts listed on Schedule 6.15. 
 1.1.68 Purchase Price. The term shall
have the meaning set forth in Section 2.2.1. 
 1.1.69 Release. Any spilling, leaking, pumping, pouring,
emitting, emptying, discharging, injecting, escaping, leaching, dumping or disposing into the environment or the workplace of any Hazardous Materials, and otherwise as defined in any Environmental Law. 

1.1.70 Reports. The Phase I Environmental Assessment, the Title Commitments, the Interconnection Studies and the Solar Study.

 1.1.71 Representative. With respect to any Person, any officer, director, employee of such Person or other Person
designated by written notice to act as the Person’s representative. 
 1.1.72 Security Agreement (Membership) shall
mean the security agreement by the owners of the Membership Interests in Seller in favor of Buyer providing Buyer a security interest in the Membership Interest to secure performance by Buyer of the terms of this Agreement, in the form attached
hereto as Exhibit E. 
 1.1.73 Security Agreement (Assets) shall mean the security agreement by Seller in favor of
Buyer providing Buyer with a security interest in the Acquired Assets to secure performance by Buyer of the terms of this Agreement, in the form attached hereto as Exhibit F. 

1.1.74 Seller. Solar Hub Utilities, LLC, a Hawaii limited liability company. 

1.1.75 Seller Conditions. The term shall have the meaning set forth in Section 2.3.2. 

1.1.76 Seller Confidential Information. The term shall have the meaning set forth in Section 8.5.1. 

1.1.77 Seller Documents. This Agreement, the Promissory Note, the Security Agreement (Membership Interests), the Security
Agreement (Assets), the General Assignment, the Land Contract/Solar Easement Assignment, the Interconnection Assignment, and each other agreement, document or instrument to be executed and delivered by Seller in connection herewith. 

1.1.78 Seller Expense Schedule. The schedule of expenses to be paid by Seller from the Cash Advance, comprising a firm two week
budget and an estimated two week budget, containing an Overhead component and a Project Cost component as proposed by Seller and approved by Buyer every two weeks, as further set forth in Section 2.2.2(b). The Seller Expense Schedule may be
modified by mutual agreement of the Parties. 
 1.1.79 Seller Fee. The term shall have the meaning set forth in
Section 2.2.2(a). 
 1.1.80 Seller Event of Default. The term shall have the meaning set forth in
Section 10.2. 

  
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 1.1.81 Seller Indemnified Parties. The term shall have the meaning set forth in
Section 9.3.2. 
 1.1.82 Seller’s Knowledge. The actual and current knowledge of the following Persons:
Pat Shudak and Jill Noetzelman. 
 1.1.83 Solar Data. Any and all solar data with regard to the Projects, whether
existing now or in the future, included, or included by reference, on Schedule 6.13 to this Agreement. The Solar Data includes the Solar Study. 
 1.1.84 Survey. A land survey of the Property acceptable to Buyer prepared by a licensed surveyor showing no exceptions that would limit the solar installation on the property. 

1.1.85 Taxes. All federal, state, local, foreign and other net income, gross income, estimated, gross receipts, sales, use, ad
valorem, transfer, franchise, profits, license, lease, service, service use, withholding, payroll, employment, excise, severance, stamp, occupation, premium, property taxes and assessments, windfall profits, value added, commercial rent, customs
duties, capital gain, social security, royalty, documentary or other taxes, fees, assessments, duties or charges of any kind whatever, together with any interest and any penalties, additions to tax or additional amounts with respect thereto, and the
term “Tax” means any one of the foregoing Taxes. 
 1.1.86 Title Commitment. A preliminary commitment from the
Title Company to issue the Title Insurance Policy for the Property insuring the easement, leasehold or fee interests provided under the Land Contracts, as approved by Buyer, and subject only to Permitted Liens, and with such Endorsements as required
by Buyer. 
 1.1.87 Title Company. A title company, qualified and doing business in the State of Hawaii, as selected by
Buyer and reasonably acceptable to Seller. 
 1.1.88 Title Insurance Policy. An ALTA policy of title insurance insuring
Buyer’s interest in the Property, in such amount as Buyer determines, issued by the Title Company, subject only to the Permitted Liens and containing the Endorsements. 
 1.1.89 Utility; Utilities. Hawaiian Electrical Company (HECO), Hawaii Maui Electrical Company (MECO) and Hawaii Electric and Light Company (HELCO), as applicable to each Project. 

1.2 Rules of Interpretation. Unless otherwise expressly provided, or unless required by the context in which any term appears:

 (a) capitalized terms used in this Agreement have the meanings specified in this Article; 

(b) the singular shall include the plural and the plural shall include the singular; 

(c) references to “Articles”, “Sections”, “Schedules” or “Exhibits” (if any) shall be to
articles, sections, schedules or exhibits (if any) of this Agreement; 
 (d) all references to a particular entity shall include
a reference to such entity’s successors and permitted assigns but, if applicable, only if such successors and assigns are permitted by this Agreement; 

  
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 (e) the words “herein”, “hereof’ and “hereunder” shall refer
to this Agreement as a whole and not to any particular section or subsection of this Agreement; 
 (f) all accounting terms not
specifically defined herein shall be construed in accordance with generally accepted accounting principles in the United States of America, consistently applied; 
 (g) references to this Agreement shall include a reference to all schedules and exhibits hereto, as the same may be amended, modified, supplemented or replaced from time to time; 

(h) references to any agreement, document or instrument shall mean a reference to such agreement, document or instrument as the same may
be amended, modified, supplemented or replaced from time to time; 
 (i) the use of the word “including” in this
Agreement to refer to specific examples shall be construed to mean “including, without limitation” or “including, but not limited to” and shall not be construed to mean that the examples given are an exclusive list of the topics
covered; 
 (j) relative to the determination of any period of time, “from” means “including and after”,
“to” means “to, but excluding” and “through” means “through and including”; 
 (k)
references to applicable Laws shall mean a reference to such applicable Laws as the same may be amended, modified, supplemented or restated and be in effect from time to time, including rules and regulations promulgated thereunder; and 

(l) where a Party’s acceptance, approval, consent or concurrence is required in connection with any matter under this Agreement,
such Party shall not unreasonably withhold, condition or delay such acceptance, approval, consent or concurrence. 
 The Parties collectively
have prepared this Agreement, and none of the provisions hereof shall be construed against one Party on the ground that such Party is the author of this Agreement or any part hereof. 

ARTICLE 2 

PURCHASE AND SALE OF ACQUIRED ASSETS 
 2.1 Purchase and Sale of Acquired Assets. 
 2.1.1 Purchase and Sale.
Upon the terms and subject to the conditions set forth in this Agreement, on the Project Transfer Date for each Project for which Seller has received the Consents for the transfer of the executed Power Purchase Agreement for such Project from Seller
to Buyer, Seller shall sell, convey, transfer, assign, and deliver to Buyer, and Buyer shall purchase from Seller, all of the Acquired Assets for such Project, which Acquired Assets shall be sold, conveyed, transferred, assigned and delivered to
Buyer, or Buyer’s Affiliate for the consideration specified in Section 2.2 below. 
 2.2 Purchase Price.

 2.2.1 Purchase Price. Buyer agrees to pay to Seller the Purchase Price of One and 50/100 Dollars ($1.50) per Watt DC
capacity of each Project, which shall be paid pursuant to the Cash Advance and Project Payment provisions below (the “Purchase Price”). It is specifically understood and agreed to by the parties that the Closing and the transfer of
title to the Acquired Assets shall occur as set forth in this Agreement, and the payment of the Purchase Price shall occur on a post-Closing basis pursuant to the Cash Advance and Project Payment Provisions below. 

  
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 2.2.2 Cash Advance. 

(a) The Cash Advance shall be used solely (1) for completing the development of the Projects as payment for Overhead and Project
Cost expenses pursuant to the Seller Expense Schedule, such that Seller can satisfy Seller’s Conditions Precedent, Project Milestones and other requirements under this Agreement , (2) for payment of up to Two Million ($2,000,000) of fee to
Seller (the “Seller Fee”) for the retirement of certain debt, and (3) for satisfaction and termination of the Note, defined below, and the loan associated with the Note. Pursuant to that certain Secured Promissory Note dated
April 27, 2012 by and between Buyer and Seller (“Note”), Buyer made a loan to Seller in the amount of One Million Dollars ($1,000,000). The Note was secured by a Security Agreement dated April 27, 2012 encumbering the Acquired
Assets comprising thirteen (13) Projects. Upon the Effective Date, an installment of the Cash Advance in the amount of One Million Dollars ($1,000,000) shall be paid automatically in the form of a credit to repay in full the Note (with Buyer
hereby acknowledging that only principal, and not any interest or fees, is owing on the Note), and upon such payment, (i) the Note, the loan evidenced by the Note, and the Security Agreement securing the Note all shall be terminated,
(ii) the original Note shall be marked as “Paid in Full” and shall be cancelled and returned by Buyer to Seller, and (iii) all collateral for the Note shall be released, with Buyer executing and filing such documents as are
necessary to implement the foregoing termination and release. Additionally, upon the Effective Date, an installment of the Cash Advance in the amount of Two Million Dollars ($2,000,000) shall be paid to Seller pursuant to the wire instructions
attached at Schedule 1.1.1. 
 (b) Buyer shall deposit the remaining portions of the Cash Advance with the Escrow Holder in
multiple installments, as follows (with all of the following installments coming after the initial installments described in Section 2.2.2(a) above): (i) Buyer shall deposit the first installment in the amount of One Million Dollars
($1,000,000 within twenty-four (24) hours of the execution of this Agreement, the Escrow Agreement and the establishment of the escrow account with Escrow Holder (at which point the total amount of the outstanding Cash Advance shall be
$4,000,000)(which the Parties acknowledge was paid pursuant to the terms of the Original Agreement). (ii) Buyer shall pay the second installment outside of escrow in the amount of Five Hundred Thousand Dollars ($500,000) during the week of
July 9-13, 2012 (at which point the total amount of the outstanding Cash Advance and the balance under the Promissory Note shall be $4,500,000). (iii) subject to the execution and delivery by Escrow Holder of the Escrow Agreement, Seller
shall submit and Buyer shall approve in its sole discretion a Seller Expense Schedule every two weeks. On the first day of each calendar month, starting August 1, 2012, Buyer shall make monthly deposits of Cash Advance funds to Escrow Holder
for the applicable Overhead expenses and Project Cost expenses for such month as shown on the Seller Expense Schedule. Buyer and Seller shall provide Escrow Holder with a new, approved Seller Expense Schedule every two weeks. Escrow Holder shall be
authorized to make disbursements from the Escrow Account solely in accordance with the approved expenses shown on the first two weeks of the then current Seller Expense Schedule. Notwithstanding the foregoing, Seller may request disbursements of
Cash Advance funds from Buyer for expenses not included in the approved Seller Expense Schedule, which Buyer may approve in its sole discretion. Notwithstanding the foregoing, deposits of Cash Advance funds by Buyer pursuant to this
Section 2.2.2(b) shall be subject to and shall not exceed the maximum Cash Advance amount subject to the following, once the outstanding Cash Advance amount has been reduced to below the maximum Cash Advance amount by the delivery and
assignment of Projects to Buyer and the crediting of Project Payments as provided in Section 2.2.2(d) or other repayment by Seller, Seller shall become eligible for additional Cash Advance payments up to the maximum Cash Advance amount pursuant
to Buyer’s approval of an applicable Seller Expense Schedule, as set forth above. Notwithstanding any other provision in this Agreement, Buyer shall only make disbursements of Cash 

  
 11 

 
Advance funds provided that there remain undelivered Projects (which have not been subject to a Project Default, Program Default or otherwise terminated under this Agreement) the aggregate
Purchase Price of which equal not less than the lesser of one hundred fifty percent (150%) of (a) the Cash Advance balance then outstanding and (b) the Cash Advance Cap. At any time that the outstanding Cash Advance amount equals or
exceeds the Cash Advance Cap (x) Buyer’s obligation to make Cash Advance deposits shall terminate; (y) the Escrow Holder shall cease making Cash Advances to Seller from the Escrow Account, and (z) Escrow Holder shall release to
Buyer any remaining the remaining Cash Advance balance held in the Escrow Account. 
 (c) As set forth further in the Escrow
Agreement: (i) The Escrow Holder shall be authorized every two weeks to release from the Escrow Account funds for Overhead expenses as set forth on the then applicable and approved Seller Expense Schedule directly to the Seller upon written
request of the Seller. (ii) The Escrow Holder shall pay Project Costs from the Escrow Account by check or wire transfer to the appropriate third party payee upon written request of the Seller, such amounts as requested, provided that such
request is accompanied by appropriate invoices and such invoices have been approved by Buyer. (iii) Buyer’s consent shall be required for the release and payment by the Escrow Holder of any payments requested by Seller from the Escrow
Account for amounts not covered as provided above or in excess of the amounts set forth in the initial two weeks of the applicable and approved Seller Expense Schedule. 
 (d) Buyer shall defer payment of the Purchase Price and Project Payments on Projects otherwise entitled to a Project Payment under Section 2.2.3 until July 15, 2012, on which date Buyer shall
pay all deferred Project Payments. Notwithstanding the foregoing, the Cash Advance shall be fully creditable against the Purchase Price and any Project Payments due and payable of the Project Payment to be deposited and released pursuant to
Section 2.2.3, on a dollar for dollar basis, such that for each payment of One Dollar ($1.00) of the Purchase Price and any Project Payment due to the Seller as provided under Section 2.2.3,, the Buyer shall reduce the cash payment of such
One Dollar ($1.00) by One Dollar ($1.00) and which shall reduce the Cash Advance balance by One Dollar ($1.00), until such time as the Cash Advance balance is reduced to Zero Dollars ($0). For example, if a Project Payment is due to Seller in the
amount of One Hundred Thousand Dollars ($100,000) and the Cash Advance balance is Five Hundred Thousand Dollars ($500,000), then Buyer shall receive a credit against the Cash Advance balance in the full amount of the Project Payment in the amount of
One Hundred Thousand Dollars ($100,000), and the Cash Advance balance shall be reduced to Four Hundred Thousand Dollars ($400,000), and the foregoing allocation formula shall continue until such time as the Cash Advance balance is reduced to Zero
Dollars ($0). 
 (e) Notwithstanding the foregoing, Buyer shall not be obligated to make a payment of the Cash Advance under
Section 2.2.2(b), and Seller shall not be entitled to obtain Cash Advance disbursements under Section 2.2.2(c) during any time that Buyer has noticed an Event of Default which has not been cured as provided in
Section 10.2.1. 
 2.2.3 Project Payment. 

(a) The Purchase Price shall be paid on a per Project basis (“Project Payment”), based on the satisfaction by Seller,
at its sole cost and expense, except as set forth in this Agreement, of certain Project Milestones with regard to such Project. The Project Milestones are as follows: 
 (1) Seller’s delivery of the current and existing Development Documents for such Project via a DropBox program; 

  
 12 

 (2) Seller’s delivery of the Notice of Completeness for such Project; 

(3) Seller’s completion of its Conditions Precedent for such Project; 

(4) Seller obtains the “final” building permit from the relevant building department and Buyer has mobilized for construction;

 (5) (a) there has been no material adverse change in such Project as a result of the actions or inactions of the Seller with
respect to its responsibilities and Seller shall have performed in all material respects all of the agreements and complied in all material respects with all of the covenants required hereby to be performed by it with respect to such Project,
including, without limitation, the satisfaction of the Conditions Precedent and the obligations under Section 8.9 with respect to such Project; (b) the representations and warranties of Seller set forth in Article 6 of this
Agreement shall be true and correct in all material respects as of the date thereof as if made as of such time and (c) such Project has not been terminated by agreement of the parties; 

(6) The occurrence of the Project Transfer Date and Consent by the applicable Utility to the transfer of the Power Purchase Agreement
for such Project from Seller to Buyer. 
 (7) the earlier of (a) Buyer’s completion of construction and
interconnection of such Project with the serving Utility; or (b), provided that such Project has not been terminated by agreement of the parties or a failure of the Seller to perform its obligations under Milestones 1-5 above, the first annual
anniversary of the issuance of NTP for such Project. 
 (b) If any amount of the Cash Advance remains outstanding then, within
seven (7) days after written notice by Seller to Buyer and Escrow Holder asserting satisfaction by Seller of Project Milestones 1–5, as set forth above for any Project, which notice shall include reasonable written evidence of the
satisfaction of such Project Milestones, Buyer shall confirm Seller’s satisfaction of Project Milestones 1-5, and if confirmed shall credit one hundred percent (100%) of the Project Payment towards the Cash Advance as set forth in
Section 2.2.2(d) above. Notwithstanding the foregoing, in the event that Consents for the transfer of Power Purchase Agreements for 1 MW or more of Projects is denied by any Utility, then upon notice from Buyer to Seller and Escrow Holder,
crediting of Purchase Payments for Projects within the jurisdiction of that Utility shall occur upon the satisfaction of Project Milestone 6, until such time as less than 1MW of Projects have denied Consents outstanding with such Utility. In such
event, and during such period, within seven (7) days after written notice by Seller to Buyer and Escrow Holder asserting satisfaction by Seller of Project Milestones 1-6, as set forth above for any Project, which notice shall include reasonable
written evidence of the satisfaction of such Project Milestones, Buyer shall confirm Seller’s satisfaction of Project Milestones 1-6, and if confirmed shall credit one hundred percent (100%) of the Project Payment towards the Cash Advance
as set forth in Section 2.2.2(d) above. 
 (c) If the Cash Advance has been completely repaid and the Cash Advance Balance
is zero dollars ($0), then: 
 (i) Within seven (7) days after written notice by Seller to Buyer and Escrow Holder
asserting satisfaction by Seller of Project Milestones 1–6, as set forth above, for any Project, which notice shall include reasonable written evidence of the satisfaction of such Project Milestones, Buyer shall confirm Seller’s
satisfaction of Project Milestones 1-6 

  
 13 

 
and if confirmed shall deposit one hundred percent (100%) of the Project Payment for such Project with Escrow Holder for deposit in the Escrow Account. Upon written confirmation from Escrow
Holder to Seller that Escrow Holder unconditionally holds the full amount of the applicable Project Payment for application in the manner set forth in Section 2.2.3(c)(ii) and (iii) below, Seller shall provide to Escrow Holder written
instruction to release the applicable Project Payment. 
 (ii) Upon receipt by Escrow Holder of the notice from Seller
authorizing the release of the Project Payment for the applicable Project, Escrow Holder shall immediately (1) release to Seller seventy-five percent (75%) of the Project Payment with respect to the Project, and (2) in accordance with
the terms of Section 2.2.3(c)(iii) below, continue to hold the remaining twenty-five percent (25%) of the Project Payment for such Project for distribution in accordance with the terms of Section 2.2.3(c)(iii) of this Agreement.

 (iii) With respect to the payment of the remaining twenty five percent (25%) of the Purchase Price for any applicable
Project, within seven (7) days after written notice by Seller to Buyer and Escrow Holder asserting satisfaction by Seller of Project Milestone 7, as set forth above, for any Project, which notice shall include reasonable written evidence of the
satisfaction of such Project Milestone, Escrow Holder shall release to Seller the remaining twenty-five percent (25%) of the Project Payment for such Project. 
 (d) Notwithstanding the foregoing, Buyer shall not be obligated to make a Project Payment under Section 2.2.3, and Seller shall not be entitled to obtain Project Payment credits or
disbursements under this Section 2.2.3 during any time that Buyer has noticed an Event of Default which has not been cured as provided in Section 10.2.1. 

2.2.4 Allocation of Purchase Price. The Purchase Price shall include and be allocated among the Acquired Assets on a per Project
basis at One and 50/100 Dollars ($1.50) per Watt DC capacity of each Project. Seller and Buyer and their Affiliates shall report, act, and file all Tax returns, form or reports (including, but not limited to, IRS Form 8594) in all respects
and for all purposes consistent with such allocation. Neither Seller nor Buyer shall take any position (whether in audit, Tax returns, or otherwise or with any Authority) that is inconsistent with such allocation, unless required to do so by
applicable Law. 
 The Purchase Price shall be payable by wire transfer. The Purchase Price is an aggregate figure for all Acquired Assets and
other fees for services outlined and due under this Agreement. 
 2.3 Mechanics of Closing. 

2.3.1 Closing. The consummation of the transactions contemplated by this Agreement (the “Closing”) shall take
place at the offices of Buyer in Roseville, California, on or before 5 p.m., local time, on June 8, 2012, provided all of the conditions to each Party’s obligations set forth in Articles 3(A) and 4(A) have been satisfied or
waived in writing, or at such other place or time as the Parties may mutually agree. The date and time at which the Closing actually occurs is hereinafter referred to as the “Closing Date”. 

2.3.2 Failure to Satisfy All Seller Conditions. The conditions precedent to Seller’s obligations to consummate the
transactions contemplated by this Agreement are set forth in Article 4(A) (“Seller Conditions”). Only Seller has the right to waive any of the Seller Conditions. If Buyer and

  
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Seller are unable, despite their reasonable efforts, to satisfy all of the Seller Conditions, Buyer may (a) terminate the agreement and the transaction shall be null and void; or
(b) nonetheless elect to consummate the transactions contemplated herein. 
 2.3.3 Failure to Satisfy All Buyer
Conditions. The conditions precedent to Buyer’s obligations to consummate the transactions contemplated by this Agreement are set forth in Article 3(A) (“Buyer Conditions”). Only Buyer has the right to waive any of
the Buyer Conditions. If Buyer and Seller are unable, despite their reasonable efforts, to satisfy all of the Buyer Conditions, Buyer may (a) terminate the agreement and the transaction shall be null and void; or (b) nonetheless elect to
consummate the transactions contemplated herein. 
 2.3.4 Closing Process. The Closing shall be by an electronic exchange
(i.e., facsimile or electronic mail) of signatures to the Buyer and Seller Documents and closing deliveries, with a subsequent delivery between Buyer and Seller of the original executed Buyer and Seller Documents and closing deliveries the following
business day via Federal Express or other nationally recognized overnight carrier. 
 2.4 Closing Costs. 

2.4.1 Expenses. Except as otherwise specified herein, each Party hereto shall pay its own legal, accounting, out-of-pocket and
other expenses incident to this Agreement and to any action taken by such Party in preparation, negotiation, execution and performance of this Agreement. The Parties shall split the escrow fees equally. 

2.4.2 Prorations. All property taxes, rent, insurance premiums and other costs and expenses relating to the ownership and
operation of the Land Contracts and the Permits shall be prorated between Seller and Buyer as of the Closing Date, so that Seller pays the prorated amounts for the period of time prior to the Closing Date, and Buyer pays the prorated amounts from
and after the Closing Date. 
 2.4.3 Transfer Taxes. Buyer shall be responsible for paying any transfer taxes and any
sales, use or other taxes imposed by applicable Law by reason of the transfer of the Acquired Assets to Buyer as provided herein and any deficiency, interest, penalty or addition asserted with respect thereto. 

2.4.4 Title Insurance Premium. Buyer, at its election and at its sole cost, shall have the right to obtain title insurance on any
of the Property following Closing. Seller, at no out of pocket cost to Seller, shall cooperate with Buyer in connection with obtaining such insurance in a form reasonably acceptable to Buyer. 

ARTICLE 3 

BUYER’S CONDITIONS PRECEDENT 
 3(A) BUYER’S CONDITIONS PRECEDENT TO THE CLOSING 
 The obligation of
Buyer to purchase the Acquired Assets from Seller shall be subject to fulfillment at or prior to the Closing (unless an earlier date is specified) of each of the following conditions precedent: 

3.1 Deliverables by Seller. Upon the terms and subject to the conditions set forth in this Article 3, on or before the
Closing Date Seller shall deliver, or shall cause to be delivered, to Buyer the following: 
 3.1.1 Security Agreements.
Seller shall deliver to Buyer two (2) original counterparts of each of the Security Agreement (Membership) and Security Agreement (Assets), each such counterpart being properly executed by the holders of the Membership Interests in Seller and
an authorized representative of Seller, respectively. 

  
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 3.1.2 Promissory Note. Seller shall deliver to Buyer one (1) original
counterpart of the Promissory Note, with such counterpart being properly executed by an authorized representative of Seller. 

3.1.3 Certificates. Seller shall furnish Buyer with the following certificates of Seller’s officers: 

(a) A certificate executed by the Manager of Seller, certifying as of the Closing Date (a) a true and correct copy of the action of
Seller authorizing the execution, delivery and performance of this Agreement and the other Seller Documents to be executed by it, and the consummation of the transactions contemplated hereby and thereby; and (b) incumbency of Seller’s
authorized signatory to this Agreement. 
 (b) An affidavit from Seller, stating, under penalty of perjury, Seller’s
United States taxpayer identification number and that Seller is not a foreign person, pursuant to section 1445(b)(2) of the Code and Treasury Regulation 1.1445 2(b)(2)(iii)(B) (or any similar provision of state or other Tax Law). 

3.1.4 Escrow Agreement. Seller shall deliver to Buyer two (2) original counterparts of the Escrow Agreement, each such
counterpart being properly executed by an authorized representative of Seller. 
 3.2 Representations, Warranties and
Covenants of Seller. Seller shall have performed in all material respects all of the agreements and complied in all material respects with all of the covenants required hereby to be performed by it, including those covenants set forth in
Article 5 prior to, on or as of the Closing Date, and the representations and warranties of Seller set forth in Article 6 of this Agreement shall be true and correct in all material respects as of the date hereof and as of the Closing
Date as if made as of such time. 
 3.3 No Injunctions or Prohibitions. No preliminary or permanent injunction or other
order, decree, or ruling issued by an Authority, and no statute, rule, regulation, or executive order promulgated or enacted by an Authority, which restrains, enjoins, prohibits, or otherwise makes illegal the consummation of the transaction
contemplated hereby shall be in effect nor shall there be pending any action or proceeding by or before any Authority challenging the lawfulness of or seeking to prevent any of the transactions contemplated by this Agreement, or seeking monetary or
other relief by reason of the consummation of any of such transactions. 
 3(B) BUYER’S CONDITIONS PRECEDENT TO PAYMENT
OF THE PURCHASE PRICE 
 The obligation of Buyer to pay the Purchase Price by deposit into the Escrow Account pursuant to
Section 2.2.3 (and to provide any necessary authorizations to Escrow Agent to cause Escrow Agent to pay the Purchase Price) shall be subject to fulfillment at or prior to the applicable payment date (each a “Payment Date”) of
each of the following conditions precedent: 
 3.4 Deliverables by Seller. Upon the terms and subject to the conditions
set forth in this Article 3, on or before the Payment Date, Seller shall deliver, or shall cause to be delivered, to Buyer the following: 
 3.4.1 Consents. Seller shall deliver to Buyer original executed copies of the Consents required for the acquisition, development, ownership, construction, operation and maintenance of the Project
for which a Project Payment is requested and obtained by Seller in accordance with Section 8.3, which in all events shall include, without limitation, the Consent from the Utility for the assignment of the Power Purchase Agreement, each
in a form reasonably satisfactory to Buyer and irrevocable. 

  
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 3.4.2 Project Assignment Documents. Seller shall deliver to Buyer two
(2) original counterparts of the Bill of Sale and General Assignment and Assumption Agreement for the Project for which a Project Payment is requested. The Bill of Sale and General Assignment and Assumption Agreement for said project shall be
in substantially the form of Exhibit B (the “General Assignment”), each such counterpart being properly executed by an authorized representative of Seller. The General Assignment shall convey all of Seller’s
right, title and interest, without reservations or restrictions, in and to all of the Acquired Assets for the Project for which payment is sought. 
 3.4.3 Land Contract Assignment. Seller shall deliver to Buyer two (2) original counterparts of the Land Contract Assignment for the Project for which the Project Payment is sought, each such
counterpart being properly executed by an authorized representative of Seller. 
 3.4.4 Assignment and Further
Assurances. Buyer and Seller agree and acknowledge that certain agreements, rights and interests comprising the Acquired Assets, including under or pursuant to the Development Documents and Land Contracts, may mature or formalize after the
Project Transfer Date. Accordingly, Seller shall deliver to Buyer original executed copies of such additional assignments and other documents as are reasonably requested by Buyer to assign, convey, transfer and confirm to Buyer any right, title and
interest in or to any of the Acquired Assets from and after the Project Transfer Date. Additionally, Seller shall use commercially reasonable efforts to take all action, deliver all documents and to do all things necessary, proper or advisable to
consummate and make effective the transactions contemplated by this Agreement. 
 3.5 Representations, Warranties and
Covenants of Seller. Seller shall have performed in all material respects all of the agreements and complied in all material respects with all of the covenants required hereby to be performed by it, including those covenants set forth in
Article 5 prior to, on or as of the Payment Date, and the representations and warranties of Seller set forth in Article 6 of this Agreement shall be true and correct in all material respects as of the Payment Date as if made as of such
time, and all references to Closing Date shall be deemed to refer to the Payment Date. 
 3.6 No Injunctions or
Prohibitions. No preliminary or permanent injunction or other order, decree, or ruling issued by an Authority, and no statute, rule, regulation, or executive order promulgated or enacted by an Authority, which restrains, enjoins,
prohibits, or otherwise makes illegal the consummation of the transaction contemplated hereby shall be in effect nor shall there be pending any action or proceeding by or before any Authority challenging the lawfulness of or seeking to prevent any
of the transactions contemplated by this Agreement, or seeking monetary or other relief by reason of the consummation of any of such transactions. 

  
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 ARTICLE 4 
 SELLER’S CONDITIONS PRECEDENT AND PAYMENT REQUIREMENTS 
 4(A)
SELLER’S CONDITIONS PRECEDENT TO THE CLOSING 
 The obligation of Seller to sell, convey, transfer, assign, and
deliver to Buyer all of the Acquired Assets shall be subject to fulfillment at or prior to the Closing of each of the following conditions precedent: 
 4.1 Deliverables by Buyer. Upon the terms and subject to the conditions set forth in this Article 4, on or before the Closing Date, Buyer shall deliver, or shall cause to be delivered to
Seller, the following: 
 4.1.1 Consideration. Buyer shall have delivered to Escrow Agent the initial Cash Advance in
accordance with the terms of this Agreement, which the Parties acknowledge and agree was delivered consistent with the Original Agreement. 
 4.1.2 Certificates. Buyer shall have furnished Seller with a certificate executed by the Secretary or Assistant Secretary of Buyer, certifying as of the Closing Date (a) a true and correct
copy of the corporate action of Buyer authorizing the execution, delivery and performance of this Agreement and the other Buyer Documents to be executed by Buyer, and the consummation of the transactions contemplated hereby and thereby; and
(b) the incumbency of Buyer’s authorized signatory to this Agreement and all of the Buyer Documents,. 
 4.1.3
Escrow Agreement. Buyer shall deliver to Seller two (2) original counterparts of the Escrow Agreement, each such counterpart being properly executed by an authorized representative of Buyer. 

4.1.4 Opinion. Buyer shall deliver to Seller an opinion of counsel with respect to the Security Agreement, opining as to customary
matters for a commercial financing transaction, including, without limitation, with respect to Buyer, formation and existence; good standing; power and authority; due authorization, execution and delivery; no violation of organizational materials,
contracts, agreements or applicable laws; no required consent or approval; and enforceability. 
 4.2 Representations,
Warranties and Covenants of Buyer. Buyer shall have performed in all material respects all of the agreements and complied in all material respects with all of the covenants required hereby to be performed by it including those covenants set
forth in Article 5 prior to, on or as of the Closing Date, and the representations and warranties of Buyer set forth in Article 7 of this Agreement shall be true and correct in all material respects as of the date hereof and as of the
Closing Date as if made as of such time. 
 4(B) SELLER’S REQUIREMENTS TO ENSURE BUYER COMPLIANCE IN PAYMENT OF THE
PURCHASE PRICE 
 In connection with the payment of any portion of the Purchase Price, Seller shall have the right to ensure
that Buyer performs all Buyer requirements in connection with such payment. In this regard, in order to ensure Buyer’s compliance with all matters necessary to ensure payment of each portion of the Purchase Price when due, Seller shall have the
right to require that Buyer complete and perform all of the following matters and items on or before the applicable Payment Date in connection with each such payment of Purchase Price: 

4.3 Deliverables by Buyer. Upon the terms and subject to the conditions set forth in this Article 4, on or before the
Payment Date, Buyer shall deliver, or shall cause to be delivered to Seller, the following: 
 4.3.1 Consideration. Buyer
shall have delivered to Escrow Agent or to Seller, as applicable, the applicable portion of the Purchase Price in accordance with the terms of this Agreement. 

  
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 4.3.2 Land Contract Assignment. Buyer shall deliver to Seller two (2) original
counterparts of the Land Contract Assignment for the Project for which the Project Payment is sought, each such counterpart being properly executed by an authorized representative of Buyer. 

4.3.3 General Assignment. Buyer shall deliver to Seller two (2) original counterparts of the General Assignment for the
Project for which the Project Payment is sought, each such counterpart being properly executed by an authorized representative of Buyer. 
 4.4 Representations, Warranties and Covenants of Buyer. Buyer shall have performed in all material respects all of the agreements and complied in all material respects with all of the covenants
required hereby to be performed by it including those covenants set forth in Article 5 prior to, on or as of the Payment Date, and the representations and warranties of Buyer set forth in Article 7 of this Agreement shall be true and
correct in all material respects as of the Payment Date as if made as of such time, and all references to Closing Date shall be deemed to refer to the Payment Date. 
 ARTICLE 5 
 BUYER’S AND SELLER’S COVENANTS 

5.1 Actions. Throughout the period both before and after Closing, each party shall use diligent efforts to timely satisfy all the
conditions to Closing and to payment of the Purchase Price applicable to such party. 
 5.2 Notification of Completion or
Failure of Conditions. Each Party to this Agreement will promptly notify the other Party whenever it has knowledge that a condition under this Agreement has been satisfied or has not been satisfied within the allotted time; and each Party shall
otherwise keep the other Party reasonably apprised with respect to the status of satisfying the obligations hereunder. E-mail communication will be sufficient for notification under this Section 5.2. 

5.3 Right to Additional Projects. Seller owns the rights to additional solar photovoltaic electricity generating projects in the
State of Hawaii which are currently on the Utility reserve schedule for application to the FIT Tier 2 or 3 program, but excluding the five (5) MW FIT Tier 3 project known as the “D.R. Horton” Project (each an “Additional
Project”). Seller shall offer, and Buyer shall have the exclusive first right to purchase, each Additional Project that is accepted by the Utility from the reserve schedule to Buyer for inclusion in this Agreement. To propose such
additions, from time to time as each Additional Project is accepted by the Utility from the reserve schedule, Seller shall deliver to Buyer original executed copies of (a) a written notice of intent to add one or more Additional Projects to
this Agreement and providing relevant due diligence information regarding such Additional Projects, and (b) two (2) amendments to the Project List to add such Additional Projects (“Project List Amendment”). If Buyer elects
to accept the Additional Projects, then Buyer shall within ten (10) business days of receipt of the offer materials from Seller countersign and return one (1) copy of the Project List Amendment to Seller. From and after the date of such
acceptance by Buyer, the Projects under this Agreement shall include any Additional Projects accepted by Buyer pursuant to this process. If Buyer does not accept any one or more Additional Projects, then (i) Buyer shall return the applicable
Project List Amendment documents to Seller unexecuted and such documents, regardless of whether so returned, shall be null and void, and (ii) Seller shall be free to pursue each such Additional Project so rejected free and clear of this
Agreement and of all rights or claims of Buyer. 
 5.4 Update Schedules. Each of the Parties shall update the Schedules
to this Agreement on a periodic basis both before and after the Closing. Each change to any such Schedule shall be identified in any such update and such change must be approved by the Party receiving the updated Schedule (such approval not to be
unreasonably withheld or delayed). 

  
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 ARTICLE 6 
 REPRESENTATIONS AND WARRANTIES OF SELLER 
 Seller hereby represents and
warrants to Buyer, as of the Closing Date, as follows: 
 6.1 Organization. Seller is a limited liability company duly
formed, validly existing and in good standing under the Laws of the State of Hawaii. 
 6.2 Authorization. Seller has all
requisite power and authority to execute and deliver this Agreement, and each other Seller Document to be delivered at Closing, to own and convey the Acquired Assets and to perform its obligations hereunder and thereunder. 

6.3 Organizational Documents. Seller has made available to Buyer true and complete copies of its certificate of organization from
the Secretary of State of Hawaii. Seller’s Formation Documents are in full force and effect. Seller is not in violation of any Law affecting its organization or of its Formation Documents in any manner that would have an adverse impact on the
Acquired Assets, Projects or on the completion of the transactions contemplated by this Agreement. 
 6.4 Right and Title to
Acquired Assets. Seller has good, valid, marketable and indefeasible title to all of the Acquired Assets free and clear of all matters other than those that would be disclosed by title and UCC searches with respect to the Acquired Assets as of
the Closing Date. All of the Acquired Assets are in the possession and control of Seller. At the Payment Date, Seller shall have and convey to Buyer all right, title and interest in and to the Acquired Assets free and clear of all matters other than
those that would be disclosed by title and UCC searches with respect to the Acquired Assets as of the Closing Date. None of the matters that would be disclosed by title and UCC searches with respect to the Acquired Assets as of the Closing Date
shall have a Material Adverse Effect on the ability of Buyer to construct the Facilities as contemplated under this Agreement. 

6.5 Authorization and Enforceability. The execution, delivery and performance of this Agreement and the other Seller Documents to
be delivered at Closing Date, each Payment Date and the Project Transfer Date and the consummation of the transactions contemplated hereby and thereby by Seller have been duly authorized by all necessary action on the part of Seller. Assuming the
due authorization, execution and delivery by Buyer of this Agreement and the other Seller Documents to which Buyer is a party that are to be delivered at Closing, this Agreement constitutes, and the other Seller Documents to be delivered at
Closing Date and each Payment Date when executed and delivered by Seller shall constitute, legally valid and binding obligations of Seller, enforceable against Seller in accordance with their terms, except as the enforceability thereof may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting the enforcement of creditors’ rights generally and equitable principles. 

6.6 Violation; Conflicts. Neither the execution, delivery and performance by Seller of this Agreement or the other Seller
Documents to be delivered pursuant to the terms of this Agreement nor the transfer of the Acquired Assets and consummation of the transactions contemplated hereby or thereby (a) violates or conflicts with any provision of Seller’s
Formation Documents; (b) breaches, violates, conflicts with or constitutes a default under any Acquired Asset, creates any right of any Person to accelerate, terminate or cancel, any Acquired Asset; (c) violates the Interconnection Rights,
any Laws or any Permits to which Seller or the Acquired Assets are subject; (d) imposes any Encumbrance on any of the Acquired Assets; (e) breaches, violates, conflicts with or constitutes a default under any of the terms or requirements
of, or give any third party the right (with or without notice or lapse of time) to revoke, withdraw, suspend, cancel, terminate or modify, any Permits or Consents to which the Projects or Acquired Assets are subject; or (f) breaches, violates,
conflicts with or constitutes a default under any of 

  
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the provisions of, or give any third party the right (with or without notice or lapse of time) to declare a default or exercise any remedy under, or to accelerate any obligation under or cancel,
terminate or modify, any written or oral contract, agreement or other obligation to which any of the Acquired Assets, may be bound. 
 6.7 Consents and Approvals. Except for Consents of the Utility to be obtained on or before the Project Transfer Date, no consent, approval or authorization of, permit from, declaration, filing or
registration with, or notice to, any Authority, any third party or any other Person, is required to be made or obtained by Seller in connection with the execution, delivery, performance and validity of this Agreement and the other Seller Documents
to be delivered at Closing Date or each Payment Date, and the consummation of the transactions contemplated hereby and thereby. 

6.8 Consultants. Except for EN-RGY Concepts, LLC, which was retained by Buyer and to whom Buyer is solely obligated for the
payment of any commission or fee, neither Seller nor its Affiliates has, directly or indirectly, engaged the services of any broker, consultant, finder, agent or other intermediary with respect to the transactions contemplated by this Agreement who
may be entitled to any brokerage fee or commission in connection with the transaction referenced herein. 
 6.9
Litigation. There are no actions, suits or proceedings pending or, to Seller’s Knowledge, threatened, against or affecting any Project or any of the Acquired Assets or Seller’s transfer of rights and consummation of the transactions
contemplated hereby, at law or in equity or before or by any Authority or instrumentality or before any arbitrator of any kind. 

6.10 Compliance with Law. Seller is in compliance with all Law in all material respects that were or are necessary to the conduct
of its business or ownership of the Acquired Assets. Seller has not received any written notification indicating any violation of, and to Seller’s Knowledge, there is no violation of, or non-compliance with, any Law applicable to the Acquired
Assets, the Projects or the transactions contemplated hereby. 
 6.11 Tax Matters. Seller has paid all federal, state,
and local taxes with respect to the Acquired Assets, Seller’s ownership or operation of the Acquired Assets. All returns and reports with respect to such taxes that as of the date of this Agreement are required to be filed have been duly and
timely filed or an appropriate extension thereof has been obtained. There are no liens for Taxes on the Acquired Assets, other than for Taxes not yet due and payable as of the Payment Date. To Seller’s Knowledge, there are no pending or
threatened proceedings with respect to Taxes relating to Seller or the Acquired Assets. There are no matters under discussion between Seller and any Authority with respect to Taxes relating to Seller or the Acquired Assets, and no extensions of the
statute of limitations have either been requested or granted with respect to Taxes relating to Seller or the Acquired Assets. 

6.12 No Other Agreements to Sell the Acquired Assets. Seller has no legal or other obligation, absolute or contingent, to or with
any other Person to sell or affect a sale of all or any portion of the Acquired Assets or to enter into any agreement or cause the entering into of any agreement with respect to the sale of the Acquired Assets. 

6.13 Solar Data. Schedule 6.13 to this Agreement is a true and complete list of the Solar Data in place as of the Closing
Date. Seller has delivered to Buyer true and complete copies of all Books and Records containing the Solar Data and any other information listed on Schedule 6.13 in the format identified on said Schedule 6.13. With respect to each item
of Solar Data identified on Schedule 6.13 to this Agreement: 
 6.13.1 Seller possesses all right, title, and
interest in and to each item of Solar Data and has the right, title, interest and ability to convey the same to Buyer without reservations or restrictions; 

  
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 6.13.2 the item is not subject to any outstanding injunction, judgment, order, decree,
ruling, or charge; and 
 6.13.3 Seller has not agreed to indemnify any Person for or against any interference, infringement,
misappropriation, or other conflict with respect to the items. 
 6.14 Permits. 

6.14.1 Schedule 6.14 to this Agreement set forth a true and complete list of the licenses, consents, certificates, approvals,
permits and any other authorizations (including the Permits and Permit Applications) by or from any Authority or third party that Seller, to Seller’s Knowledge as of the Closing Date, is, except as expressly noted below, required to obtain in
order to construct, own and operate the Project and the same are in each case assignable without any third party notice, consent or approval, except as otherwise provided in this Agreement. 

6.14.2 Seller has delivered, or shall deliver at the Payment Date, to Buyer a true and complete copy of each Permit listed on Schedule
6.14 to this Agreement and obtained by Seller. 
 6.14.3 With respect to each Permit on Schedule 6.14: 

(a) such Permit is legal, valid, binding and enforceable in accordance with its terms, and in full force and effect; 

(b) no party to such Permit is in non-compliance with the terms and conditions of such Permit, and, to Seller’s Knowledge, no event
has occurred which with notice or lapse of time would constitute non-compliance with such terms and conditions; and 
 (c) no
action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand is pending or, to Seller’s Knowledge, is threatened which challenges the legality, validity, or enforceability of such Permit. 

6.15 Land Contracts. 
 6.15.1 The Land Contracts comprise all of the Property necessary or appropriate in connection with the successful acquisition, development, construction, installation, completion, ownership, operation and
maintenance of the Project in accordance with all Laws; provided, however, that Buyer acknowledges that some of the Land Contracts are not binding agreements themselves, but merely letters of intent or similar such documents, and binding agreements
for the benefit of Seller with respect to the ownership, leasing, use and/or occupancy of all of the Property do not exist as of Closing. 
 6.15.2 Seller has delivered into the DropBox data room true and complete copies of the Land Contracts and with respect thereto: 
 (a) each Land Contract is legal, valid, binding and in full force and effect and in each case is assignable without any third party notice, consent or approval; 

(b) Seller is not and no other party to any Land Contract is in breach or default, and to Seller’s Knowledge, no event has occurred
which, with notice or lapse of time and without a cure being completed, would constitute a breach or default or permit termination, or modification thereof, or acceleration thereunder; and 

  
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 (c) Seller has not, and to Seller’s Knowledge, no other party to any Land Contract has
repudiated any provision thereof. 
 6.15.3 Schedule 6.15 of this Agreement is a true and complete list of all Land
Contracts included in the Acquired Assets. Before Payment Date, Buyer shall have the right to review and if necessary correct the legal descriptions and APN numbers set forth in Schedule 6.15 so that they conform to the property descriptions
in the Title Commitments for the Property. 
 6.16 Development Documents. Schedule 6.16 contains a true and
complete list of all written, oral or implied contracts, agreements, leases, powers of attorney, guarantees, sureties, arrangements or other commitments in place as of the Closing Date that are material to the ownership, development or use of the
Projects, and other Development Documents comprising the Acquired Assets for each Project. 
 6.16.1 Seller has delivered into
the DropBox data room true and complete copies of the Development Documents and with respect thereto: 
 (a) each Development
Document is legal, valid, binding and in full force and effect and in each case is assignable without any third party notice, consent or approval; 
 (b) Seller is not and no other party to any Development Document is in breach or default, and to Seller’s Knowledge, no event has occurred which, with notice or lapse of time and without a cure being
completed, would constitute a breach or default or permit termination, or modification thereof, or acceleration thereunder; and 

6.16.2 Seller has not, and to Seller’s Knowledge, no other party to any Development Document has repudiated any provision thereof.

 6.17 Environmental Provisions. 
 6.17.1 Other than as set out in any Phase I Environmental Assessment, to Seller’s Knowledge, there has not been a Release of Hazardous Material on or otherwise affecting any Property that:
(i) has imposed any reporting obligations on Seller (or other persons) under any Environmental Law; or (ii) has imposed any obligations on Seller (or other persons) under any Environmental Law to investigate, assess, monitor, clean-up,
contain, remediate, mitigate, remove, store, transport, dispose and/or treat any contamination or prepare or implement any work plans related thereto, or respond to or prepare for any inquiry, order, hearing or other proceeding by or before any
Authority with respect to any contamination. 
 6.17.2 Seller has not received any written notice of any proceedings, action, or
other claim or liability arising under any Environmental Law (including notice of potentially responsible party status under the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. §§ 9601 et. seq. or any state
counterpart) from any Person or Authority regarding the Property. 
 6.18 FIT Applications. Seller has submitted and the
applicable Utility has accepted a Tier 2 FIT application for each of the Projects. 

  
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 6.19 No Debarment. Seller and its Affiliates are not subject to debarment or
suspended from participation in procurement programs under the Federal Acquisition Regulations or any similar procurement regulations of any other Authority. 
 6.20 Foreign Corrupt Practices Act. No part of the proceeds from the sale of the Acquired Assets hereunder will be used directly or indirectly for any payments to any governmental official or
employee, political party, official of a political party, candidate for political office, or anyone acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in material violation of the United
States Foreign Corrupt Practices Act of 1977, as amended. 
 6.21 Schedules; Representations and Warranties. All
information contained in the Schedules is true and complete. No representation or warranty of Seller in this Agreement, or any other document delivered pursuant hereto, or any statement, document, certificate or exhibit furnished by Seller pursuant
to this Agreement or in connection with the transactions contemplated hereby contains any untrue statement of a material fact or omits a material fact necessary to make the statements contained therein not misleading. 

ARTICLE 7 

REPRESENTATIONS AND WARRANTIES OF BUYER 
 Buyer hereby represents and warrants to Seller as follows: 
 7.1
Organization. Buyer shall have the right to form one or more limited liability companies and to transfer or assign the rights to one or more Projects to such entities, along with the associated Acquired Assets and rights under this Agreement
with regard to such Projects. Buyer agrees that all of Buyer’s representations, warranties, covenants, agreements and obligations hereunder shall apply to each such entity created by Buyer, to the extent of any Projects or Acquired Assets
transferred to each such entity. Buyer shall cause each such entity to comply with all of Buyer’s representations, warranties, covenants, agreements and obligations hereunder. In the event of any assignment as described above, Buyer shall not
be released of any of its obligations hereunder or under any other documents entered into in connection with or relating to this Agreement. 
 7.2 Authorization. Buyer has all requisite power and authority to execute and deliver this Agreement and each other Buyer Document and to perform its obligations hereunder and thereunder. The
execution, delivery and performance of this Agreement and the other Buyer Documents and the consummation of the transactions contemplated hereby and thereby by Buyer have been duly authorized by all necessary action on the part of Buyer. Assuming
the due authorization, execution and delivery by Seller of this Agreement and the other Buyer Documents to which Seller is a party, this Agreement constitutes, and the other Buyer Documents when executed and delivered by Buyer shall constitute, the
legally valid and binding obligations of Buyer, enforceable against Buyer in accordance with the respective terms thereof, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar Laws affecting the enforcement of creditors’ rights generally and equitable principles. 
 7.3 No Conflict or
Violation. Neither the execution, delivery and performance by Buyer of this Agreement or the other Buyer Documents nor the transfer of rights and consummation of the transactions contemplated hereby or thereby (a) violate or conflict with
any provision of Buyer’s Corporate Documents or any agreement or contract to which Buyer is a party; or (b) violate any Laws. 
 7.4 Consents and Approvals. No consent, approval or authorization of, permit from, declaration, filing or registration with, or notice to, any Authority, any third party payor or any other

  
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Person, is required to be made or obtained by Buyer in connection with the execution, delivery, performance and validity of this Agreement and the other Buyer Documents and the consummation of
the transactions contemplated hereby and thereby. 
 7.5 Consultants. As part of the Project Costs, the Buyer agrees to
compensate its broker, EN-RGY Concepts, with a Project Procurement Fee of $0.05 per watt DC for its participation in the transaction, payable pro rata with the Purchase Price. EN-RGY will certify that it has no other fee arrangement with the Seller,
and will otherwise receive no other compensation from any other party in connection with the Projects and which shall be paid in accordance to the same funding process as defined in Section 2.2.3. 

7.6 Litigation. There are no actions, suits or proceedings pending or, to Buyer’s Knowledge, threatened, affecting the
acquisition of the Acquired Assets by Buyer or the consummation of the transactions contemplated hereby, at law or in equity or before or by any Authority or instrumentality or before any arbitrator of any kind. 

ARTICLE 8 

CERTAIN COVENANTS 
 Each of the following covenants is made by Buyer or Seller, as applicable: 
 8.1
No Breach of Representations and Warranties by Seller. Seller shall not engage in any practice, take any action, embark on any course of inaction or enter into any transaction or agreement that would violate any provision of this Agreement,
any of the other Seller Documents, any of the Development Documents or would cause or result in any of the representations and warranties set forth in Article 6 to be untrue in any material respect or, after giving effect to any such
practice, action, course of inaction, transaction or agreement, which could hinder in any material respect the transactions contemplated by this Agreement or the other Seller Documents, as applicable. 

8.2 No Breach of Representations and Warranties by Buyer. Buyer shall not engage in any practice, take any action, embark on any
course of inaction or enter into any transaction or agreement that would violate any provision of this Agreement or any of the other Buyer Documents or would cause or result in any of the representations and warranties set forth in Article 7
to be untrue in any material respect or, after giving effect to any such practice, action, course of inaction, transaction or agreement, which could hinder in any material respect the transactions contemplated by this Agreement or the other Buyer
Documents. 
 8.3 Consents and Reasonable Efforts. Seller shall obtain all consents, approvals, transfers, permissions,
waivers, orders, reissuances and authorizations of (and make all necessary filings or registrations with) (collectively the “Consents”) all Authorities and other third parties which are required to be obtained or made by them in
connection with the consummation of the transactions contemplated by this Agreement, including, without limitation, for the acquisition, development, construction, installation and completion of the Projects and to effect the various assignments to
Buyer as provided in this Agreement. Buyer, without having to incur third party out of pocket expenses, shall cooperate in good faith with Seller in Seller’s effort to obtain the Consents. 

8.4 Buyer Confidential Information. 
 8.4.1 Seller acknowledges that Buyer Confidential Information (as defined below) is valuable and proprietary and Seller agrees not to, directly or indirectly, use, publish, disseminate, describe or
otherwise disclose any Buyer Confidential Information without the prior written consent of Buyer. For 

  
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purposes of this Agreement, “Buyer Confidential Information” shall mean (i) any and all information provided by Buyer to Seller and identified by Buyer as confidential; and
(ii) any and all information provided by Buyer to Seller with respect to the Projects or the transactions contemplated hereby. Information shall not be deemed to be Buyer Confidential Information if (a) it has become generally known or
available within the industry or the public through no act or omission of Seller; (b) Seller can demonstrate that, prior to disclosure in connection with the transactions contemplated hereby, such information was already in the possession of
Seller; (c) it was rightfully received by Seller from a third party who became aware of it through no act or omission of Seller and who is not under an obligation of confidentiality to Buyer; or (d) Seller can demonstrate it was
independently developed by employees or consultants of Seller. Notwithstanding the foregoing, from and after the Closing, Buyer Confidential Information shall include any information that is an Acquired Asset, whether or not of the type referred to
in clauses (b), (c) or (d) above. 
 8.4.2 Seller shall maintain any Buyer Confidential Information which has been or
will be disclosed directly or indirectly to Seller by or on behalf of Buyer or their Affiliates in confidence and shall not disclose or cause to be disclosed by them or any third person without Buyer’s prior express written consent; provided,
however, that Seller may disclose the Buyer Confidential Information to persons who provide legal, accounting, or other services to Seller in connection with Seller’s evaluation or implementation of the transactions contemplated by this
Agreement, provided that such persons have first been provided with a copy of this Agreement and have been informed of the duties required hereby. 
 8.4.3 Notwithstanding the preceding Section 8.4.1 and Section 8.4.2, Buyer Confidential Information may be disclosed if required by any governmental or regulatory Authority or
court or otherwise by Law; provided, however, that: (i) such Buyer Confidential Information is submitted under any and all applicable provisions for confidential treatment; and (ii) if Seller is permitted to do so, Buyer is given written
notice of the requirement for disclosure promptly after such disclosure is requested, so that it may take whatever action it deems appropriate, including intervention in any proceeding and seeking a protective order or an injunction, to prohibit
such disclosure. 
 8.4.4 Seller agrees that it will not make any use of any Buyer Confidential Information received pursuant to
this Agreement except in connection with the transactions contemplated by this Agreement, unless specifically authorized to do so in writing by Buyer, and this Agreement shall not be construed as a license or authorization to Seller to utilize the
Buyer Confidential Information, except for such purpose. 
 8.4.5 Upon Buyer’s request, Seller shall return to Buyer or
destroy as promptly as practicable, but in a period not to exceed ten (10) days, (a) all Buyer Confidential Information provided to Seller, including, without limitation, all copies of such Buyer Confidential Information; and (b) all
notes or other documents in digital or other format in its possession or in the possession of other persons to whom Buyer Confidential Information was properly provided by Seller. Non-destruction of electronic copies of materials or summaries
containing or reflecting Buyer Confidential Information that are automatically generated through data backup and/or archiving systems and which are not readily accessible by Seller’s business personnel shall not be deemed to violate this
Agreement, so long as the Buyer Confidential Information contained in or reflected in such electronic backup records is not disclosed or used in violation of the other terms of this Agreement. 

8.4.6 Seller acknowledges that a breach of the covenants contained in this Section 8.4 will cause irreparable damage to
Buyer, the exact amount of which will be difficult to ascertain, and that the remedies at law for any such breach will be inadequate. Accordingly, Seller agrees that if Seller breaches any of the covenants contained in this Section 8.4,
in addition to any other remedy that may be available at law or in equity, Buyer shall be entitled to specific performance and injunctive relief, without posting bond or other security and Seller shall have no right or power to raise the defense of
adequate remedy at law. 

  
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 8.5 Seller Confidential Information. 

8.5.1 Buyer acknowledges that Seller Confidential Information (as defined below) is valuable and proprietary to Seller and Buyer agrees
not to, directly or indirectly, use, publish, disseminate, describe or otherwise disclose any Seller Confidential Information without the prior written consent of Seller. For purposes of this Agreement, “Seller Confidential
Information” shall mean (i) any and all information provided by Seller to Buyer and identified by Seller as confidential; and (ii) any and all information provided by Seller to Buyer with respect to the Projects or the
transactions contemplated hereby. Information shall not be deemed to be Seller Confidential Information if (a) the Closing has occurred and such information is also an Acquired Asset under this Agreement; (b) it has become generally known
or available within the industry or the public though no act or omission of Buyer; (c) Buyer can demonstrate that, prior to disclosure in connection with the transactions contemplated hereby, such information was already in the possession of
Buyer; (d) it was rightfully received by Buyer from a third party who became aware of it through no act or omission of Buyer and who is not under an obligation of confidentiality to Seller; or (e) Buyer can demonstrate it was independently
developed by employees or consultants of Buyer. 
 8.5.2 Buyer shall maintain any Seller Confidential Information which has been
or will be disclosed directly or indirectly to Buyer by or on behalf of Seller in confidence by it and shall not disclose or cause to be disclosed by Buyer or any third person without Seller’s prior express written consent; provided, however,
that Buyer may disclose Seller Confidential Information to persons who provide financial analysis, banking, legal, accounting, or other services to Buyer in connection with Buyer’s evaluation or implementation of the transactions contemplated
by this Agreement, provided that such persons have first been provided with a copy of this Agreement and have been informed of the duties required hereby. 
 8.5.3 Notwithstanding the preceding Section 8.5.1 and Section 8.5.2, Seller Confidential Information may be disclosed if required by any governmental or regulatory Authority or
court or otherwise by Law or in connection with any proceeding with the Commission; provided, however, that: (i) such Seller Confidential Information is submitted under any and all applicable provisions for confidential treatment; and
(ii) if Buyer is permitted to do so, Seller is given written notice of the requirement for disclosure promptly after such disclosure is requested, so that it may take whatever action it deems appropriate, including intervention in any
proceeding and seeking a protective order or an injunction, to prohibit such disclosure. 
 8.5.4 Buyer agrees that it will not
make any use of any Seller Confidential Information received pursuant to this Agreement, except in connection with the transactions contemplated by this Agreement, unless specifically authorized to do so in writing by Seller, and this Agreement
shall not be construed as a license or authorization to Buyer to utilize Seller Confidential Information, except for such purpose. 
 8.5.5 Upon Seller’s request, Buyer shall return or destroy as promptly as practicable, but in a period not to exceed ten (10) days, (a) all Seller Confidential Information provided to
Buyer, including, without limitation, all copies of such Seller Confidential Information; and (b) all notes or other documents in digital or other format in its possession or in the possession of other persons to whom Seller Confidential
Information was properly provided by Buyer. Non-destruction of electronic copies of materials or summaries containing or reflecting Seller Confidential Information that are automatically generated through data backup and/or archiving systems and
which are not readily accessible by a 

  
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Buyer’s business personnel shall not be deemed to violate this Agreement, so long as the Seller Confidential Information contained in or reflected in such electronic backup records is not
disclosed or used in violation of the other terms of this Agreement. 
 8.5.6 Buyer acknowledges that a breach of the covenants
contained in this Section 8.5 will cause irreparable damage to Seller and Seller’s Affiliates, the exact amount of which will be difficult to ascertain, and that the remedies at law for any such breach will be inadequate.
Accordingly, Buyer agrees that if Buyer breaches any of the covenants contained in this Section 8.5, in addition to any other remedy that may be available at law or in equity, Seller and its Affiliates shall be entitled to specific
performance and injunctive relief, without posting bond or other security. 
 8.6 Access to Properties, Information and
Employees. Through the Project Transfer Date, Seller will afford to Buyer and its employees and other representatives full and free access to the Acquired Assets and related records during normal working hours in order for Buyer to make such due
diligence investigation as it shall determine and to satisfy itself with respect to the conditions precedent contained in Articles 3 and 4 and compliance with the covenants in Article 5. Buyer shall maintain comprehensive
general liability insurance coverage for the activities contemplated by this Section 8.6. Buyer shall exercise its right of access to the Acquired Assets at its own risk and shall be responsible for, and shall defend and indemnify Seller
against, (i) injury or death to any person or damage to any property caused by any negligent act or omission (including strict liability), or willful misconduct of Buyer, its contractors, agents or employees in the exercise of its access
rights; and (ii) liens or other encumbrances arising from Buyer’s activities on the Property under this Section 8.6. 
 8.7 Confidentiality Regarding this Agreement. The Parties each acknowledge and agree that the terms of this Agreement shall be considered Seller Confidential Information and Buyer Confidential
Information. 
 8.8 Construction of Projects. 
 8.8.1 Buyer Construction of Projects. Subject to the obligations of Seller as provided in the Conditions Precedent, the Project Milestones and as set forth in Section 8.9 below, Buyer
shall have the right to construct the Projects, and to control the manner, means and timing of such construction, at its sole cost and expense, and in its sole and absolute discretion. Without limiting the generality of the foregoing, Buyer retains
the right to purchase all of the panels, inverters, racking, and balance of system components, and subject to the rights of Environet pursuant to that Right of First Refusal by and between Seller and Environet dated November 2011 with respect to
providing certain engineering, procurement and construction services with respect to the Projects, Buyer, retains all rights to select and negotiate the labor and subcontractors related to the installation and construction of the Projects.

 8.8.2 Project Cost Increases. If prior to or concurrent with the satisfaction of Project Milestones 1-5 for a Project,
Buyer or Seller has determined a cost increase for such Project over the per watt amount set forth for such type of Project on the applicable Project Cost Schedule and equal to, or greater than $.28 per watt (the “Cost Threshold”),
Buyer shall have the right to terminate the construction and any other obligations under this Agreement with respect to such Project (including any obligation to pay the Purchase Price) and remove such Project from the Project List by written notice
to Seller, unless Seller agrees in writing to pay, fully and solely from its own account, any additional cost above such Cost Threshold. In the event of a cost increase for a Project over the Cost Threshold where Seller has agreed to bear such cost
increase over the Cost Threshold, such additional cost over the Cost Threshold to be paid by Seller shall be deducted from the Project Payment to be paid pursuant to Section 2.2.3, with any additional amount to be paid by Seller to Buyer
concurrent with the deadline for the Project Payment to be paid pursuant to Section 2.2.3. 

  
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 8.9 Seller Post-Closing Obligations. Seller shall, at its sole cost and expense,
except as set forth in this Agreement, take all commercially reasonable diligent efforts to complete the Seller’s Conditions Precedent with respect to the Projects, and the satisfaction of the Project Milestones and otherwise as required in
connection with the consummation of the transactions contemplated by this Agreement, including, without limitation, for the acquisition, development, construction, installation and completion of the Project. From and after the Project Transfer Date,
all Land Contracts, Interconnection Agreements, Power Purchase Agreements, Conditional Use Permits, Permits, Permit Applications and all other Development Documents evidencing rights, approvals or assets with respect to the Projects shall be entered
into and obtained in the name of Buyer or Buyer’s Affiliate. Notwithstanding the foregoing, from and after Closing, Seller shall have no right, power or authority to enter into, modify, amend or supplement any agreement or other binding
obligation with respect to any Project, and any documents or materials comprising any such agreement or binding obligation shall be executed and entered into solely by Buyer, or with the prior written consent of Buyer. With respect to each Project,
Seller shall, at its sole cost and expense, except as set forth in this Agreement, be solely responsible for all costs of such Project until the completion of Project Milestones 1-5 and Project Milestone 6 for such Project, as evidenced by the
Seller Expense Schedule. In addition to completing the Seller’s Conditions Precedent with respect to the Projects, and the satisfaction of the Project Milestones, Seller shall further be obligated, at its sole cost and expense, except as set
forth in this Agreement, to obtain and provide to Buyer the following with respect to the Projects: 
 8.9.1 Power Purchase
Agreements with the FIT Program from the Utilities, with a minimum term of twenty (20) years, and at a minimum purchase price of $0.238 US per kWh, properly assigned to Buyer with an applicable Consent from the Utility; 

8.9.2 All necessary zoning and building applications and resulting permits, including, without limitation, all environmental, land use,
building permit, and other approvals, permits, licenses and consents required from any Authority with respect to the construction, operation and maintenance of the Projects; 
 8.9.3 Interconnection Agreements with transmission studies and interconnection cost upgrades defined, as necessary, for each Project; 

8.9.4 All necessary pre-construction approvals by any Authority, completed and commissioned by the Utility and providing the
“final” sign-off and approval from the applicable building departments; 
 8.9.5 All pre-COD management and
maintenance of communications and relationships with Authorities, opinion leaders, and Property owners, Utilities, and all other third parties with oversight or influence over the Projects or the Acquired Assets and related project management
support; and 
 8.9.6 All non-construction project management personnel needed to complete the Projects. 

8.10 Project Status Reporting and Information. Seller shall weekly conduct a conference call with Buyer or provide a written
status update report to Buyer detailing the status of the Conditions Precedent, Project Milestones, and other requirements of Section 8.9 above, and the projected date that each such requirement will be satisfied for each Project. Seller
shall promptly provide to Buyer for review, comment and approval copies of all documents, drafts, applications, analyses and other materials which are received or sent by Seller during the process of satisfying the Conditions Precedent, Project
Milestones, and other requirements of Section 8.9 above for each Project. 

  
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 8.11 Project Covenant, Representation and Warranty. Seller hereby covenants and
agrees that as of and as a condition to notice of the satisfaction of Project Milestones 1-5 and Project Milestone 6 under Section 2.2.3 with respect to any Project, the Project shall have all material rights and approvals necessary to
construct and operate the Project, subject to the construction of the Project pursuant to the applicable plans and specifications. 
 8.12 Land Owner Solar Systems. Pursuant to the terms of various Land Contracts, the developer leasing or obtaining easements is obligated to construct photovoltaic solar power systems to be owned
by the landowner as consideration for the real property rights granted thereunder. Seller agrees that it shall be Seller’s obligation at Seller’s sole cost and expense to timely construct such photovoltaic solar power systems in compliance
with the terms and conditions of such Land Contracts. Seller shall provide monthly written reports to Buyer regarding the status of such projects and shall coordinate any such construction with Buyer so as not to interfere with Buyer’s
construction and development of any Projects, 
 8.13 Buyer and Seller Representatives. Each of Buyer and Seller shall
appoint a representative as the single responsible point of contact and sole representative for all matters relating to this Agreement. Buyer’s initial representative shall be James R. Pekarsky and Seller’s initial representative shall be
Pat Shudak. The actions of the appointed representative shall be deemed the acts of the appointing party and shall be fully binding on such party. The Parties shall vest their representatives with sufficient powers to enable them to assume the
obligations and exercise the rights of each Party, as applicable, under this Agreement; provided that, for the avoidance of doubt, neither Owner’s Representative nor Contractor’s Representative shall have the power or authority to waive
any material right or obligation of any Party. Either Party may change its representative by written notice to the other party. 

8.14 Rescission of Prior Agreements. Buyer and seller hereby agree that the General Assignment and Security Agreement executed in
connection with the Original Agreement are hereby rescinded and of no further force or effect. Seller shall take all appropriate actions to remove and terminate the lien of the Security Agreement. 

ARTICLE 9 

ACTIONS BY SELLER AND BUYER AFTER THE CLOSING DATE 
 9.1 Records. Seller and Buyer agree that each will cooperate with and make available to the other Party, during normal business hours after reasonable advance notice, all books and records retained
and remaining in existence after the Closing Date and Project Transfer Date that are necessary in connection with any Tax inquiry, claim, audit, investigation or dispute, any litigation or investigation or any other matter requiring any such books
and records or other assistance. The Party requesting any such books and records shall bear all of the out-of-pocket costs and expenses (including, without limitation, reasonable attorneys’ fees) reasonably incurred in connection with providing
such books and records or other assistance. 
 9.2 Survival. The representations, warranties, covenants and agreements of
Buyer and Seller shall survive until the completion of all of the Projects and the payment of all sums owed by Buyer and Seller under this Agreement. 
 9.3 Indemnifications. 

  
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 9.3.1 By Seller. Subject to the limitation set forth in Section 9.3.5,
from and after the Effective Date, Seller shall indemnify, defend, save and hold harmless Buyer, its Affiliates, and their respective members, managers, shareholders, employees, Representatives, officers, directors and agents (collectively, the
“Buyer Indemnified Parties”) from and against any and all costs, losses, liabilities (including liabilities arising under principles of strict or joint and several liability), damages, lawsuits, deficiencies, claims and documented
out-of-pocket expenses (whether or not arising out of third-party claims) including reasonable attorneys’ fees and all documented out-of-pocket amounts paid in investigation, defense or settlement of any of the foregoing (collectively, the
“Damages”) incurred in connection with or arising out of or resulting from: 
 (i) any breach of any
representation, warranty, covenant or agreement made by Seller in this Agreement or any other Seller Document; 
 (ii) any
other liability, obligation or commitment of any nature (absolute, contingent or otherwise) arising out of the ownership or operation of the Acquired Assets prior to the completion of Project Milestones 1-5 and Project Milestone 6 with respect to
each Project (including any liability arising out of Seller’s negligence or intentional act or omission and all obligations to make payments arising under the Land Contracts until such time); 

(iii) any liability or obligations of the grantee under the Land Contracts relating to the period prior to the completion of Project
Milestones 1-5 and Project Milestone 6 with respect to each Project; 
 (iv) any liability, obligation or commitment of any
nature arising out of or related to the exercise by Seller of Seller’s obligations with respect to the Project Milestones, Conditions Precedent or pursuant to Section 8.9; 

(v) any liability arising out of Seller’s acts or omissions, including negligence. 

9.3.2 By Buyer. Subject to the limitation set forth in Section 9.3.5, from and after the Effective Date, Buyer shall
indemnify, save and hold harmless Seller, its Affiliates, and their respective members, managers, shareholders, employees, Representatives, officers, directors and agents (collectively, the “Seller Indemnified Parties”) from and
against any and all Damages incurred in connection with or arising out of or resulting from: 
 (i) any breach of any
representation, warranty, covenant or agreement made by Buyer in this Agreement or any other Buyer Document; or 
 (ii) any
other liability, obligation or commitment of any nature (absolute, contingent or otherwise) arising out of the ownership or operation of the Acquired Assets on or after the completion of Project Milestones 1-5 and Project Milestone 6 with respect to
each Project (including any liability arising out of Buyer’s negligence or intentional act or omission and all obligations to make payments arising under the Land Contracts on or after such time); 

(iii) any liability or obligations of the grantee under the Land Contracts relating to the period on or after the completion of Project
Milestones 1-5 and Project Milestone 6 with respect to each Project; 

  
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 (iv) any liability, obligation or commitment of any nature arising out of or related to the
exercise by Buyer of Buyer’s obligations with respect to construction in accordance with, or pursuant to, Section 8.8.1; or 
 (v) any liability arising out of Buyer’s acts or omissions, including negligence. 
 9.3.3 Defense of Claims. If any action or proceeding (including any governmental investigation or inquiry) shall be brought or asserted or threatened to be brought or asserted against an
indemnified party in respect of which an indemnity may be sought from an indemnifying party, such indemnified party shall notify the indemnifying party in writing as promptly as practicable (and in any event within ten (10) Business Days after
the service of the citation or summons); provided, however, that the failure of the indemnified party to give timely notice hereunder shall relieve the indemnifying party of its indemnification obligations hereunder only if, and only to the
extent that, such failure caused the Damages for which the indemnifying party is obligated to be greater than they would have been had the indemnified party given timely notice. The indemnifying party shall have the right to assume the defense of
such action or proceeding, including through the retention of counsel reasonably satisfactory to the indemnified party, by notifying the indemnified party within ten (10) Business Days after receipt of the indemnified party’s written
notice. The indemnified party shall have the right to participate in the defense of such action or proceeding at its sole cost and expense; provided, however, that the indemnifying party shall be liable to the extent provided under this Article
9 for all reasonable costs and expenses of defending such action or proceeding incurred by the indemnified party, including reasonable fees and disbursements of counsel, if (i) the indemnifying party fails to assume the defense of such
action or proceeding in accordance with the preceding sentence; or (ii) the named parties to any such action or proceeding (including any impleaded parties) include both such indemnified party and the indemnifying party, and such indemnified
party shall have been advised by counsel that there may be one or more legal defenses available to such indemnified party that are different from or additional to those available to the indemnifying party (in which case, if such indemnified party
notifies the indemnifying party in writing that it elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such action or proceeding on behalf of such
indemnified party). The indemnifying party shall not be liable for any settlement of any such action or proceeding affected without its written consent (not to be unreasonably withheld). The indemnified party shall not be required to consent to the
settlement of any action or proceeding if such settlement involves anything other than the payment of money by the indemnifying party in full settlement of such action or proceeding. 

9.3.4 Further Assurances. Each of the Parties hereto shall use commercially reasonable efforts to take all action and to do all
things necessary, proper or advisable to consummate and make effective the transactions contemplated by this Agreement. 
 9.3.5
Limitation on Indemnification. Notwithstanding any indemnification provision in this Agreement to the contrary, any indemnification obligations of Seller with respect to any Buyer Indemnified Parties provided for in this Agreement and any
indemnification obligations of Buyer with respect to any Seller Indemnified Parties provided for in this Agreement shall in all cases be subject to, and shall be limited by, any express limitations of liability and non-recourse provisions set forth
in this Agreement. 

  
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 ARTICLE 10 
 DEFAULT; TERMINATION; LIMITATIONS ON LIABILITY 
 10.1 Pre-Closing
Default. Buyer and Seller agree that in the event that Closing fails to occur, this Agreement shall terminate and neither party shall have any further obligations to the other. 

10.2 Post-Closing Default. 
 10.2.1 Events of Default 
 (a) Seller Default. If (i) Seller
fails to comply timely and in all material respects with any of Seller’s covenants, terms, conditions or obligations contained in this Agreement to be completed or complied with following Closing, upon not less than thirty (30) days’
prior written notice by Buyer to Seller, if such breach or failure is not cured within such 30-day period and, in the case of an Other Seller Default, such breach or failure has a Material Adverse Effect; (ii) any representation or warranty
made by Seller in this Agreement, or any other document furnished by Seller in connection with this Agreement, shall prove to have been false or misleading in any material respect when so made or deemed made and, in the case of an Other Seller
Default, such false or misleading representation or warranty has a Material Adverse Effect, (iii) an assignment after Closing for the benefit of Seller’s creditors occurs or Seller consents to the appointment of a trustee or receiver or
the filing by or against Seller of any petition or proceeding occurs under any bankruptcy or insolvency law, and in the case of a filing against Seller, such petition or proceeding is not dismissed within sixty (60) days of its initial filing,
or (iv) a default occurs under the Promissory Note, Security Agreement (Assets) or Security Agreement (Membership Interests) subject to any applicable notice and cure periods (each a “Seller Event of Default”). The parties
agree that no event, action or circumstance can give rise to or constitute a Seller Event of Default unless that event, action or circumstance also gives rise to or constitutes either an Other Seller Default, a Project Default, a Program Default, or
a default under the Promissory Note, Security Agreement (Assets) or Security Agreement (Membership Interests). 
 (b) Buyer
Default. If (i) Buyer fails to comply timely and in all material respects with any of Buyer’s covenants, terms, conditions or obligations contained in this Agreement to be completed or complied with following Closing, upon not less
than thirty (30) days’ prior written notice by Seller to Buyer, if such breach or failure is not cured by Buyer within such 30-day period; (ii) any representation or warranty made by Buyer in this Agreement, or any other document
furnished by Buyer in connection with this Agreement, shall prove to have been false or misleading in any material respect when so made or deemed made, or (iii) an assignment after Closing for the benefit of Buyer’s creditors occurs or
Buyer consents to the appointment of a trustee or receiver or the filing by or against Buyer of any petition or proceeding occurs under any bankruptcy or insolvency law, and in the case of a filing against Seller, such petition or proceeding is not
dismissed within sixty (60) days of its initial filing (each a “Buyer Event of Default”). 
 10.2.2
Rights and Remedies. 
 (a) Seller’s Default; Buyer’s Remedies. In the event of a Seller Event of
Default, Buyer shall have the following remedies, as applicable: 
 (1) Non-Project Default and Non-Program
Default. In the event of a Seller Event of Default that is not a Project Default or a Program Default (an “Other Seller Default”), Buyer as its sole and exclusive remedy shall be entitled to shall be entitled to offset against
the then unpaid remaining portion of the Purchase Price any actual damages arising solely and directly from such Other Seller Default ; provided, however, that Buyer only shall be entitled to such an offset once actual damages for all Other
Seller Defaults, in the aggregate, exceed $10,000 (the “Damage Collar”), at which point Buyer shall be able to offset the actual damages over and above the Damage Collar in the manner set forth above. 

  
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 (2) Project Default. In the event of a Seller Event of Default that
is a Project Default, Buyer shall have the following remedies, as applicable: 
 (i) For a Project Default that
occurs before the satisfaction of Project Milestones 1-5 in connection with a Project, there shall be no remedy. In such event, Seller may request that Buyer release such Project from the Security Agreement at Buyer’s election and Seller’s
expense 
 (ii) For a Project Default that occurs after the satisfaction of Project Milestones 1-5 but before the
satisfaction of Project Milestone 7, Buyer as its sole and exclusive remedy shall be entitled to an offset (as set forth below) for repayment of any verifiable and non-recoverable out-of-pocket expenses directly incurred in connection with such
Project, including any Project Payment, EPC Costs, or other non-recoverable costs paid or incurred in connection with such Project. Buyer shall have the right to offset such expenses against all Project Payments (for the subject Project or any other
Project) currently held in or subsequently deposited to the Escrow Account. 
 (3) Program Default. In the
event of a Seller Event of Default that is a Program Default, Buyer as its sole and exclusive remedies shall be entitled to (i) notify the Escrow Agent in writing (with a copy to Seller) to cease making Cash Advances as a result of the Program
Default, (ii) instruct the Escrow Agent to return any remaining balance in the Escrow Account to the Buyer, to which Seller will consent and (iii) to terminate this Agreement as provided in Section 10.2.3(b). In the event of a Seller
Event of Default that is a Program Default, then for all related and underlying Project Defaults where the Project already had satisfied Project Milestones 1-5, but prior to the satisfaction of Project Milestone 7, Buyer shall additionally be
entitled to an offset (as set forth below) for repayment of any verifiable and non-recoverable out-of-pocket expenses directly incurred in connection with such Projects, including any Project Payment, EPC Costs, or other non-recoverable costs paid
or incurred in connection with such Projects. Buyer shall have the right to offset such expenses against all Project Payments (for the subject Project or any other Project) currently held in or subsequently deposited to the Escrow Account.

 (4) Promissory Note and Security Agreement. Notwithstanding any other provision of this Agreement,
including any limitations set forth in this Section 10.2.2, in the event of a Seller Event of Default, Buyer shall have all rights and remedies available under the Promissory Note, Security Agreement (Assets) and Security Agreement (Membership
Interests). 
 (b) Buyer Default; Seller’s Remedies. In the event of a Buyer Event of Default, Seller as its sole
and exclusive remedies shall be entitled to terminate this Agreement, in which event Buyer shall cooperate fully and at no additional cost to Seller in effecting the re-conveyance back to Seller (or any nominee of Seller) of all of the Acquired
Assets relating to Projects for which the Purchase 

  
 34 

 
Price has not been paid or is not escrowed subject to the terms of this Agreement (and any additions thereto arising after the Project Transfer Date, and further provided that after the Project
Transfer Date, Buyer also shall effect the re-conveyance to Seller in the manner required in this paragraph of any Projects for which Purchase Price was credited against the Cash Advance or delivered to Escrow Agent, but was not thereafter paid in
full to Seller, as and when required under this Agreement promptly upon the timely failure to pay such sums) pursuant to documentation in form and substance reasonably satisfactory to Seller, including the release of such Projects from the
Promissory Note and the Security Agreement. Notwithstanding the foregoing, Buyer shall have a right to recover, solely from the Proceeds of the Projects and not from any other assets of Seller, its outstanding Cash Advance balance, provided that
such right shall be unsecured and shall be fully subordinate to Seller’s right to complete or sell the Projects and to recover all of Seller’s costs and expenses for the Projects and all other actual damages incurred by Seller as a result
of the Buyer Event of Default. Notwithstanding the foregoing, (a) Buyer’s right to recover the Seller Fee portion of the Cash Advance shall not be subordinated to Seller’s right to recover costs and expenses for the Projects and
(b) with regard to the subordinated portion of the Cash Advance, Seller shall pay all proceeds from Projects, whether from the completion, ownership, operation, lease, sale, or otherwise (“Proceeds”), after recovery of Seller’s
costs and expenses and actual damages, to Buyer until such time as the outstanding Cash Advance balance has been paid in full. In the event of a Buyer Event of Default, this shall be the sole and exclusive remedy available to Buyer to recover the
Cash Advance regardless of the terms of the Promissory Note, Security Agreement (Assets) and Security Agreement (Membership Interests). 
 10.2.3 Termination Events. This Agreement shall terminate: 
 (a) by the
mutual written consent of Buyer and Seller; 
 (b) by Buyer, upon written notice to Seller of such termination, in the event of
an uncured Seller Event of Default as provided in Section 10.1, an Other Seller Default as provided in Section 10.2.2(a)(1), or a Program Default as provided in Section 10.2.2(a)(3) above; 

(c) by Seller, upon written notice to Buyer of such termination, in the event of an uncured Buyer Event of Default as provided in either
Section 10.1 or 10.2.2(b) above. 
 10.2.4 Effect of Termination. 

(a) In the event of any termination of this Agreement as provided in Section 10.2, this Agreement shall forthwith become
wholly void and of no further force and effect and, except as set forth in this Agreement, there shall be no liability on the part of Buyer or Seller. Notwithstanding the foregoing, no such termination shall serve to release any Party from any
liability (including any such liability under Section 9.3) with respect to any breach of its duties and obligations hereunder prior to such termination, provided that each of the Parties hereto shall use take all action and to do all
things necessary, proper or advisable to consummate and make effective the rights and remedies contemplated by this Agreement. 

(b) Notwithstanding the foregoing, Section 8.4 (Buyer Confidential Information) and Section 8.5 (Seller
Confidential Information) shall survive the termination of this Agreement for a period of one year from the date on which such termination occurs. 
 (c) EXCEPT WITH RESPECT TO THIRD-PARTY CLAIMS, NEITHER PARTY SHALL BE LIABLE FOR ANY LOST OR PROSPECTIVE PROFITS AND IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR ANY OTHER PUNITIVE, EXEMPLARY,
CONSEQUENTIAL, INCIDENTAL OR INDIRECT LOSSES OR DAMAGES (IN TORT, CONTRACT 

  
 35 

 
OR OTHERWISE) UNDER OR IN RESPECT TO THIS AGREEMENT OR ANY OTHER BUYER DOCUMENT OR SELLER DOCUMENT OR FOR ANY FAILURE OF PERFORMANCE RELATED HERETO, HOWSOEVER CAUSED. 

ARTICLE 11 

DISPUTE RESOLUTION 
 11.1 Step Negotiations. The Parties shall attempt in good faith to resolve all disputes arising out of or relating to this Agreement or any of the transactions contemplated hereby promptly by
negotiation, as set forth herein. Either Party may give the other party written notice of any such dispute not resolved in the normal course of business. Executives of both Parties at levels one level above the Project personnel who have previously
been involved in the dispute shall meet at a mutually acceptable time and place within ten (10) days after delivery of such notice, and thereafter as often as they reasonably deem necessary, to exchange relevant information and to attempt to
resolve the dispute. If the matter has not been resolved within thirty (30) days from the referral of the dispute to such executives, or if no meeting of such executives has taken place within fifteen (15) days after such referral, either
Party may initiate mediation as provided herein. If a Party intends to be accompanied at a meeting by an attorney, the other Party shall be given at least three (3) Business Days’ notice of such intention and may also be accompanied by an
attorney. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of the Federal Rules of Evidence and state rules of evidence. Each Party will bear its own costs for this
dispute resolution phase. 
 11.2 Mediation. In the event that any dispute arising out of or relating to this Agreement
or any of the transactions contemplated hereby is not resolved in accordance with the procedures set forth in Section 11.1, such dispute shall be submitted to a mediator or mediation group that is qualified to mediate this type of
dispute. The mediation shall take place at a mutually agreed upon location in metropolitan San Francisco, California, unless otherwise agreed to by the Parties. If the mediation process has not resolved the dispute within thirty (30) days of
the submission of the matter to mediation or within such longer period as the Parties may agree to, the dispute shall be decided by arbitration as set forth below. Each Party will bear its own costs for this dispute resolution phase. 

11.3 Binding Arbitration. All claims, disputes and other matters in question not resolved by mediation between the Parties to the
Agreement arising out of or relating to this Agreement or any of the transactions contemplated hereby shall be decided by binding arbitration by the American Arbitration Association or by a mutually agreed upon arbitrator. The arbitration shall take
place in San Francisco, California and shall be conducted in accordance with the American Arbitration Association Commercial Industry Arbitration Rules then obtaining or a mutually agreed upon set of arbitration rules. This agreement to arbitrate
and any other agreement or consent to arbitrate entered into in accordance herewith will be specifically enforceable under the prevailing arbitration law of any court having jurisdiction. Notice of demand for arbitration must be filed in writing
with the other Party to the Agreement and with the AAA or other mutually agreed to arbitrator. The demand must be made within a reasonable time after the dispute has arisen. In no event may the demand for arbitration be made if the institution of
legal or equitable proceedings based on such dispute is barred by the applicable statute of limitations. If the total dispute, exclusive of interest and arbitration costs, does not equal or exceed one million dollars, the arbitration shall be heard
by one neutral arbitrator. If the total dispute equals or exceeds one million dollars, then the arbitration shall be heard by three neutral arbitrators. Any arbitration may be consolidated with any other arbitration proceedings. Either Party may
join any other interested parties. The award of the arbitrator(s) shall be binding and specifically enforceable in a court of competent jurisdiction. Each Party will bear its own costs for this dispute resolution phase. 

  
 36 

 ARTICLE 12 
 MISCELLANEOUS 
 12.1 Payment Instructions. All amounts under this
Agreement which are payable to Seller shall be made by Buyer to Seller by ACH in accordance with the terms of this Agreement, unless alternative instructions are provided by Seller to Buyer in writing on or before the date for such payment. All
amounts under this Agreement which are payable to Buyer shall be made by Seller to Buyer by ACH in accordance with the terms of this Agreement, unless alternative instructions are provided by Buyer to Seller in writing on or before the date for such
payment. 
 12.2 Assignment. Neither Party may assign any of its rights or obligations under this Agreement without the
prior written consent of the other Party. Notwithstanding anything to the contrary, the Buyer may assign this Agreement or its rights with respect to the Acquired Assets comprising any Project to one or more affiliated Special Purpose Entities.

 12.3 Notices. All notices, requests, demands and other communications which are required or may be given under this
Agreement, including, without limitation, all documents delivered pursuant to this Agreement shall be in writing and shall be deemed to have been duly given when received if personally delivered; when transmitted if transmitted by telecopy,
electronic or digital transmission method; the day after it is sent, if sent for next day delivery to a domestic address by recognized overnight delivery service (e.g., Federal Express or UPS); and upon receipt, if sent by certified or registered
mail, return receipt requested. In each case notice shall be sent to: 
  

			
	If to Seller:	  	Pat Shudak
		  	Managing Member
		  	Solar Hub Utilities, LLC
		  	2937 Kalakaua Avenue #23
		  	Honolulu, HI 96815
		
		  	Email: pshudak@sehsolar.com
		
	with copies to:	  	Quarles & Brady LLP
		  	Renaissance Square One
		  	Two North Central Avenue
		  	Phoenix, Arizona 85004-2391
		
		  	Attention: Robert S. Bornhoft
		  	Facsimile: (602) 420-5172
		  	Telephone: (602) 230-5576
		  	Email: bob.bornhoft@quarles.com
		
	If to Buyer:	  	Solar Power, Inc.
		  	2240 Douglas Blvd., Suite 200
		  	Roseville, CA 95661
		
		  	Attention: Stephen Kircher
		  	Facsimile: (916) 770-8194
		  	Telephone: (916) 770-8100
		  	Email: skircher@spisolar.com
		
	with copies to:	  	Solar Power, Inc,
		  	201 California Street, Suite 1250
		  	San Francisco, CA 94111

  
 37 

			
		  	Attention: Jim Pekarsky
		  	Facsimile:
		  	Telephone:
		  	Email: JPekarsky@spisolar.com
		
	and with copies to:	  	Weintraub Tobin Chediak Coleman Grodin
		  	Law Corporation
		  	400 Capitol Mall, Suite 1100
		  	Sacramento, CA 95814
		
		  	Attention: David C. Adams
		  	Facsimile: (916) 446-1611
		  	Telephone: (916) 558-6000
		  	Email: dadams@weintraub.com

 or to such other place and with such other copies as a Party may designate as to itself by written notice to the other
Party. 
 12.4 Choice of Law; Consent to Jurisdiction; Service of Process. 

12.4.1 This Agreement shall be construed, interpreted and the rights of the Parties determined in accordance with the Laws of the State
of California without reference to its choice of law provisions. 
 12.4.2 Subject to Article 11, the Parties hereto
hereby irrevocably submit to the jurisdiction of the federal or state courts of California for any dispute arising out of or relating to this Agreement or any of the transactions contemplated hereby. Each Party hereby irrevocably waives, to the
fullest extent permitted by applicable Law, any objection which it may now or hereafter have to the laying of venue of any such dispute brought in such court or any defense of inconvenient forum. 

12.4.3 Each of the Parties hereto hereby consents to process being served by the other Party to this Agreement in any arbitration, action
or proceeding of the nature specified in Article 11 or Section 12.4.2 by mailing of a copy thereof in accordance with the provisions of Section 12.3 hereof. 

12.5 Entire Agreement. This Agreement and all exhibits and schedules hereto and any other written agreements entered into in
connection herewith shall constitute the entire understanding of the Parties as to the subject matter hereof and thereof and supersede all prior and contemporaneous agreements, understandings, negotiations, and discussions of the parties, whether
oral or written, and there are no warranties, representations, or other agreements between the parties or on which any of the parties have relied in connection with the subject matter hereof, except as specifically set forth in this Agreement.

 12.6 Amendments and Waivers. No amendment, supplement, modification, waiver, or termination of this Agreement shall be
binding, unless executed in writing by the party to be bound thereby. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision of this Agreement, whether or not similar, nor shall such
waiver constitute a continuing waiver, unless otherwise expressly provided. 
 12.7 Counterparts; Facsimile Signatures.
This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but which together shall constitute a single document. 

  
 38 

 
Signatures transmitted by facsimile shall be binding; provided, however, that any person transmitting his or her signature by facsimile shall promptly send an original signature to the other
parties in accordance with Section 12.3. If a facsimile signature is used for purposes of executing this Agreement, then the party executing by facsimile shall also promptly send an original signature to Escrow Holder. 

12.8 Expenses. Except as otherwise specified herein, each Party hereto shall pay its own legal, accounting, out-of-pocket and
other expenses incident to this Agreement and to any action taken by such party in preparation for carrying this Agreement into effect. 
 12.9 Attorneys’ Fees and Expenses. In the event any of the parties shall commence legal proceedings for the purpose of enforcing any provision or condition hereof, or by reason of any breach
arising under the provisions hereof, then the successful party in such proceeding shall be entitled to court costs and reasonable attorneys’ fees to be determined by the Court or referee. Without limiting the generality of the foregoing, the
prevailing party shall be entitled to recover its attorneys’ fees and other legal expenses incurred in connection with a bankruptcy or other insolvency-related proceeding of the other party (and including such fees and expenses incurred in
efforts, whether successful or not, to obtain adequate protection, annulment, modification or termination of the automatic stay). 
 12.10 Invalidity. In the event that any one or more of the provisions contained in this Agreement or in any other instrument referred to herein (other than a requirement to make payments
hereunder), shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, then to the maximum extent permitted by Law, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or
any other such instrument. 
 12.11 Legal Representation of the Parties. The parties negotiated this Agreement with the
benefit of legal representation, and any rule of construction or interpretation otherwise requiring this Agreement to be construed or interpreted against any party shall not apply to any construction or interpretation hereof. 

12.12 Titles. The titles, captions or headings of the Articles and Sections herein are inserted for convenience of reference only
and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 12.13 Burden and
Benefit. This Agreement shall be binding upon and shall inure to the benefit of, the Parties hereto and their respective successors and permitted assigns. The Buyer Indemnified Parties and Seller Indemnified Parties shall be third party
beneficiaries of this Agreement and shall be entitled to indemnification, with full rights of enforcement as though each such person was a signatory to this Agreement. Except as provided in this Section, there shall be no third party beneficiaries
of this Agreement. 
 12.14 Cumulative Remedies. Except as otherwise provided in this Agreement to the contrary, all
rights and remedies of either Party hereto are cumulative of each other and of every other right or remedy such Party may otherwise have at law or in equity, and the exercise of one or more rights or remedies shall not prejudice or impair the
concurrent or subsequent exercise of other rights or remedies. 
 12.15 No Partnership or Joint Venture. The Parties
hereto do not intend to create a partnership or joint venture by virtue of this Agreement. No Party shall owe any fiduciary duty to any other Party by virtue of this Agreement or any other Seller Document or Buyer Document or otherwise. 

12.16 No Merger. This Agreement is a fully integrated complete agreement and is not merged with or extinguished by any other
agreement. 

  
 39 

 12.17 Public Announcements. Neither Party may issue any public announcement or other
statement with respect to this Agreement or the transactions contemplated hereby, without the prior consent, which shall not be unreasonably withheld or delayed, of the other Party, unless required by applicable Law, order of a court of competent
jurisdiction; provided, however, that any Party or its Affiliates may make any public disclosure it believes in good faith and upon advice of counsel is required by applicable Law or stock market rule without the consent of (but with notice to) the
other Party. 
 [SIGNATURE PAGE FOLLOWS] 

  
 40 

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed on
their respective behalf, by their respective officers thereunto duly authorized, all as of the day and year first above written. 
  

									
	SELLER:	 	 	 	BUYER:
			
	 SOLAR HUB UTILITIES, LLC
a Hawaii limited liability company
	 		 	 SOLAR POWER, INC.
a California corporation

					
	By:	 	 /s/ Patrick Shudak
	 		 	By:	 	 /s/ Alan M. Lefko

	Name:	 	 Patrick Shudak
	 		 	Name:	 	 Alan M. Lefko

	Title:	 	 Manager
	 		 	Title:	 	 Vice President Finance

 [SIGNATURE PAGE TO 
 SOLAR DEVELOPMENT ACQUISITION AND SALE AGREEMENT] 

 SCHEDULE 1.1.1 

WIRE INSTRUCTIONS 
 [Intentionally left blank] 

 SCHEDULE 6.13 

SOLAR DATA 

 Schedule 6.13 
 Solar Reports 
 The Solar Reports, including PV Watts Calculation for each Project, is located in
DropBox. 
 Each PV Watts Calculation is contained within the body of the “Presentation Folder” PDF Document for each Project.

 SCHEDULE 6.14 

LIST OF PERMITS AND PERMIT APPLICATIONS 
 TO BE ASSIGNED AT CLOSING 

																					
	SOLAR HUB UTILITIES	 	HECO-OAHU
	SCHEDULE 6.14	 
	Permits and Permit Applications	 
	APP
NO.	 	SIZE
kW
AC	 	PROJECT
NAME	 	TMK	 	INSTALL ADDRESS	 	CITY	 	ZIP
CODE	 	IBP
APP NO.	 	BUILDING
PERMIT APP NO.	 	BUILDING
PERMIT
NO.	 	PERMIT
ISSUED
	101
1	 	500	 	HARC
CARPORT	 	9-2-001-011	 	94-340
Kunia Rd	 	Waipahu	 	96797	 	2011/IBP09236	 	BPA A2011-
10-0074	 	TBD	 	TBD
	101
2	 	500	 	KVTHC LOT 7	 	9-2-005-023	 	92-1700
Kunia Rd	 	Wahiawa	 	96786	 	2011/IBP09241	 	BPA A2011-
10-0087	 	TBD	 	TBD
	101 3	 	500	 	THURSTON 1	 	6-2-002-003	 	0 Kamehameha Hwy	 	Haleiwa	 	96712	 	2011/IBP09320	 	BPA A2011-
10-0422	 	TBD	 	TBD
	101 4	 	500	 	GINELLA 1-
Kawailoa	 	6-1-005-020	 	62-194
Kawailoa Rd	 	Haleiwa	 	96712	 	2011/IBP09445	 	BPA A2011-
10-0172	 	TBD	 	TBD
	101 9	 	500	 	TROPIC
LAND 010	 	8-7-010-010	 	87-1233
Hakimo Rd	 	Waianae	 	96792	 	2011/IBP09558	 	BPA A2011-
10-0186	 	TBD	 	TBD
	101 13	 	198	 	WONG-
Punaluu	 	5-3-009-093	 	0000
Puhuli St	 	Hauula	 	96717	 	2011/IBP09439	 	BPA A2011-
10-0429	 	TBD	 	TBD
	101 14	 	500	 	TROPIC
LAND 006	 	8-7-010-006	 	87-1239
Hakimo Rd	 	Waianae	 	96792	 	2011/IBP11814	 	BPA A2011-
12-0216	 	TBD	 	TBD
	101 18	 	250	 	965
Kamilonui	 	3-9-019-015	 	965
Kamilonui Place	 	Honolulu	 	96825	 	2011/IBP09433	 	BPA A2011-
12-1223	 	TBD	 	TBD
	101 19	 	500	 	PLATEAU LOOKOUT	 	5-8-002-004	 	58-378
Kam Highway	 	Haleiwa	 	96712	 	2011/IBP11810	 	BPA A2011-
11-1895	 	TBD	 	TBD
	101 28	 	500	 	KAUKONAHUA RIDGE	 	6-5-001-043	 	0000
Kaukonahua Rd	 	Waialua	 	96791	 	2011/IBP12072	 	BPA A2011-
12-1137	 	TBD	 	TBD
	101 31	 	500	 	KULAAUPUNI	 	8-7-003-008	 	87-204 Kulaaupuni St	 	Waianae	 	96792	 	2011/IBP12216	 	BPA A2011-
12-1029	 	TBD	 	TBD
	101 33	 	500	 	KAALA
VIEW	 	6-5-001-033	 	0000
Kaukonahua Rd	 	Waialua	 	96791	 	2011/IBP13143	 	BPA A2011-
12-1310	 	TBD	 	TBD
	101 36	 	500	 	KAALA
LAND	 	6-5-001-010	 	65-670 A Kaukonahua Rd	 	Wahiawa	 	96786	 	2011/IBP13146	 	BPA A2012-
04-2849	 	TBD	 	TBD
	101 95	 	500	 	KUWALE ROAD	 	8-6-007-002	 	86-335
Kuwale Road	 	Waianae	 	96792	 	2011/IBP13141	 	BPA A2012-
04-2847	 	TBD	 	TBD
	101 45	 	260	 	OLOMANA GOLF LINKS	 	4-1-013-010	 	41-1801 Kalanianaole Hwy	 	Waimanalo	 	96795	 	2011/IBP15407	 	BPA A2011-
12-1300	 	TBD	 	TBD
	101 92	 	500	 	WAIANAE VALLEY	 	8-5-004-031	 	85-1330
Waianae Valley Rd	 	Waianae	 	96792	 	2011/IBP13652	 	BPA A2012-
05-0625	 	TBD	 	TBD
	101 49	 	250	 	958
Kamilonui	 	3-9-019-011	 	958
Kamilonui Place	 	Honolulu	 	96825	 	2011/IBP14020	 	BPA A2012-
05-1398	 	TBD	 	TBD
	101 50	 	250	 	968
Kamilonui	 	3-9-019-012	 	968
Kamilonui Place	 	Honolulu	 	96825	 	2011/IBP14021	 	BPA A2012-
05-1393	 	TBD	 	TBD
	101 51	 	250	 	905
Kamilonui	 	3-9-019-021	 	905
Kamilonui Place	 	Honolulu	 	96825	 	2011/IBP14022	 	BPA A2012-
05-1391	 	TBD	 	TBD
	101 52	 	250	 	898
Kamilonui	 	3-9-019-005	 	898
Kamilonui Place	 	Honolulu	 	96825	 	2011/IBP14023	 	BPA A2012-
05-1384	 	TBD	 	TBD
		
	SOLAR HUB UTILITIES	 	HECO-OAHU
	SCHEDULE 6.14	 
	Permits and Permit Applications	 
	APP
NO.	 	SIZE
kW
AC	 	PROJECT
NAME	 	TMK	 	INSTALL ADDRESS	 	CITY	 	ZIP
CODE	 	IBP
APP NO.	 	BUILDING
PERMIT APP NO.	 	BUILDING
PERMIT
NO.	 	PERMIT
ISSUED
	101 53	 	250	 	908
Kamilonui	 	3-9-019-006	 	908
Kamilonui Place	 	Honolulu	 	96825	 	2011/IBP14024	 	BPA A2012-
05-1381	 	TBD	 	TBD
	101 54	 	250	 	948
Kamilonui	 	3-9-019-010	 	948
Kamilonui Place	 	Honolulu	 	96825	 	2011/IBP14025	 	BPA A2012-
05-1373	 	TBD	 	TBD
	101 55	 	250	 	918
Kamilonui	 	3-9-019-007	 	918
Kamilonui Place	 	Honolulu	 	96825	 	2011/IBP14027	 	BPA A2012-
05-1341	 	TBD	 	TBD
	101 56	 	250	 	928
Kamilonui	 	3-9-019-008	 	 928
 Kamilonui Place
	 	Honolulu	 	96825	 	2011/IBP14028	 	BPA A2012-
05-1347	 	TBD	 	TBD
	101 57	 	250	 	978
Kamilonui	 	3-9-019-013	 	 978
 Kamilonui Place
	 	Honolulu	 	96825	 	2011/IBP14029	 	BPA A2012-
05-1399	 	TBD	 	TBD
	101 58	 	250	 	975
Kamilonui	 	3-9-019-014	 	 975
 Kamilonui Place
	 	Honolulu	 	96825	 	2011/IBP14030	 	BPA A2012-
05-1329	 	TBD	 	TBD
	101 59	 	500	 	925
Kamilonui	 	3-9-019-019	 	 925
 Kamilonui Place
	 	Honolulu	 	96825	 	2011/IBP14026	 	BPA A2012-
05-1338	 	TBD	 	TBD
	101 60	 	500	 	895
Kamilonui	 	3-9-019-022	 	 895
 Kamilonui Place
	 	Honolulu	 	96825	 	2011/IBP14019	 	BPA A2012-
05-1288	 	TBD	 	TBD
	101 79	 	500	 	Kipapa	 	9-4-005-052	 	 94-500
 Kam Highway
	 	Mililani	 	96789	 	2011/IBP14232	 	BPA A2012-
05-1204	 	TBD	 	TBD
	101 85	 	500	 	California Av
Lot 1	 	7-5-011-001	 	 1818
 California Avenue
	 	Wahiawa	 	96786	 	2011/IBP14697	 	BPA A2012-
05-1186	 	TBD	 	TBD
	101 87	 	500	 	Peterson
Lot 1	 	9-4-005-010	 	 94-500 C
 Kam Highway
	 	Mililani	 	96789	 	2011/IBP14699	 	BPA A2012-
05-1197	 	TBD	 	TBD
	101 89	 	500	 	Kawiwi 1	 	8-5-034-014	 	 87-1038
 Kawiwi Way
	 	Waianae	 	96792	 	2011/IBP14767	 	BPA A2012-
05-1202	 	TBD	 	TBD
	101 91	 	500	 	Chen Farms	 	8-5-004-019	 	 85-1490 Waianae
 Valley Rd
	 	Waianae	 	96792	 	2011/IBP15118	 	BPA A2012-
05-0644	 	TBD	 	TBD
	101 97	 	500	 	Kamilonui
945	 	3-9-019-017	 	 945
 Kamilonui Place
	 	Honolulu	 	96825	 	2011/IBP15232	 	BPA A2012-
05-1350	 	TBD	 	TBD
	101 98	 	500	 	Kamilonui
955	 	3-9-019-016	 	 955
 Kamilonui Place
	 	Honolulu	 	96825	 	2011/IBP15231	 	BPA A2012-
05-1356	 	TBD	 	TBD
	101 99	 	500	 	Kamilonui
915	 	3-9-019-020	 	 915
 Kamilonui Place
	 	Honolulu	 	96825	 	2011/IBP15228	 	BPA A2012-
05-1354	 	TBD	 	TBD
	101 100	 	500	 	Kamilonui
855	 	3-9-019-024	 	 855
 Kamilonui Place
	 	Honolulu	 	96825	 	2011/IBP15229	 	BPA A2012-
05-1334	 	TBD	 	TBD
	101 101	 	500	 	Kamilonui
865	 	3-9-019-023	 	 865
 Kamilonui Place
	 	Honolulu	 	96825	 	2011/IBP15227	 	BPA A2012-
05-1343	 	TBD	 	TBD
	101 102	 	500	 	Costa	 	8-6-005-008	 	86-344 A
Kuwale Road	 	Waianae	 	96792	 	2011/IBP15221	 	BPA A2012-
05-0640	 	TBD	 	TBD
	101 103	 	500	 	Hawaii Kai	 	3-9-019-025	 	 7460
 Hawaii Kai Dr
	 	Honolulu	 	96825	 	2011/IBP15536	 	BPA A2012-
05-1365	 	TBD	 	TBD

																					
	 SOLAR HUB UTILITIES

SCHEDULE 6.14

Permits and Permit Applications
	  	HELCO-BIG ISLAND (KONA)
											
	APP
NO.	  	SIZE
kW
AC	  	PROJECT
NAME	  	TMK	  	INSTALL
ADDRESS	  	CITY	  	ZIP
CODE	  	To SEARCH
for PERMIT,
USE TMK	  	BUILDING
PERMIT
APP NO.	  	BUILDING
PERMIT
NO.	  	PERMIT
ISSUED
	 50

18
	  	250	  	Kona 1	  	9-2-190-061	  	Maikai Blvd	  	Ocean View	  	96704	  	9-2-190-061	  	B2011-3983K	  	B2012-0138K	  	2/13/2012
	 50

19
	  	250	  	Kona 2	  	9-2-191-047	  	Maikai Blvd	  	Ocean View	  	96704	  	9-2-191-047	  	B2011-3992K	  	B2012-0128K	  	2/10/2012
	 50

20
	  	250	  	Kona 3	  	9-2-187-018	  	Kahili Blvd	  	Ocean View	  	96704	  	9-2-187-018	  	B2011-3991K	  	B2012-0154K	  	2/15/2012
	 50

21
	  	250	  	Kona 4	  	9-2-188-020	  	Lanikai Drive	  	Ocean View	  	96704	  	9-2-188-020	  	B2011-3990K	  	B2012-0386K	  	4/18/2012
	 50

22
	  	250	  	Kona 5	  	9-2-191-034	  	Alii Blvd	  	Ocean View	  	96704	  	9-2-191-034	  	B2011-3989K	  	B2012-0150K	  	2/15/2012
	 50

23
	  	250	  	Kona 6	  	9-2-186-038	  	Kahili Blvd	  	Ocean View	  	96704	  	9-2-186-038	  	B2011-3988K	  	B2012-0152K	  	2/15/2012
	 50

24
	  	250	  	Kona 7	  	9-2-193-049	  	Kona Kai Blvd	  	Ocean View	  	96704	  	9-2-193-049	  	B2011-3987K	  	B2012-0153K	  	2/15/2012
	 50

25
	  	250	  	Kona 8	  	9-2-192-024	  	Alii Blvd	  	Ocean View	  	96704	  	9-2-192-024	  	B2011-3986K	  	B2012-0137K	  	2/13/2012
	 50

26
	  	250	  	Kona 9	  	9-2-189-096	  	Maile Drive	  	Ocean View	  	96704	  	9-2-189-096	  	B2011-3985K	  	B2012-0136K	  	2/13/2012
	 50

27
	  	250	  	Kona 10	  	9-2-187-034	  	Kahili Blvd	  	Ocean View	  	96704	  	9-2-187-034	  	N/A	  	B2012-0149K	  	2/15/2012
	 50

28
	  	250	  	Kona 11	  	9-2-185-084	  	Prince Kuhio Blvd	  	Ocean View	  	96704	  	9-2-185-084	  	N/A	  	B2012-0161K	  	2/16/2012
	 50

29
	  	250	  	Kona 12	  	9-2-185-051	  	Maile Drive	  	Ocean View	  	96704	  	9-2-185-051	  	N/A	  	B2012-0162K	  	2/16/2012
	 50

30
	  	250	  	Kona 13	  	9-2-189-047	  	Maile Drive	  	Ocean View	  	96704	  	9-2-189-047	  	N/A	  	B2012-0134K	  	2/13/2012
	 50

31
	  	250	  	Kona 14	  	9-2-185-071	  	Macadamia Dr	  	Ocean View	  	96704	  	9-2-185-071	  	N/A	  	B2012-0388K	  	4/18/2012
	 50

32
	  	250	  	Kona 15	  	9-2-192-012	  	Alii Blvd	  	Ocean View	  	96704	  	9-2-192-012	  	N/A	  	B2012-0135K	  	2/13/2012
	 50

33
	  	250	  	Kona 16	  	9-2-189-060	  	Maikai Blvd	  	Ocean View	  	96704	  	9-2-189-060	  	N/A	  	B2012-0151K	  	2/15/2012
	 50

34
	  	250	  	Kona 17	  	9-2-185-037	  	Kahili	  	Ocean View	  	96704	  	9-2-185-037	  	N/A	  	B2012-0387K	  	4/18/2012
	 50

35
	  	250	  	Kona 18	  	9-2-190-059	  	Maikai Blvd	  	Ocean View	  	96704	  	9-2-190-059	  	N/A	  	B2012-0126K	  	2/10/2012
	 50

36
	  	250	  	Kona 19	  	9-2-190-010	  	Alii	  	Ocean View	  	96704	  	9-2-190-010	  	N/A	  	B2012-0125K	  	2/10/2012
	 50

37
	  	250	  	Kona 20	  	9-2-191-048	  	Poha Drive	  	Ocean View	  	96704	  	9-2-191-048	  	N/A	  	B2012-0124K	  	2/10/2012

																			
	SOLAR HUB UTILITIES	  	MECO-MAUI
	SCHEDULE 6.14	  
	Permits and Permit Applications	  
	APP
NO.	  	Size
kW
AC	  	PROJECT NAME	  	TMK	  	INSTALL ADDRESS	  	CITY	  	ZIP
CODE	  	TEMP. PERMIT/
BUILDING
PERMIT APP NO.	  	BUILDING
PERMIT NO.	  	PERMIT
ISSUED
	61-2	  	250	  	MLP 5	  	4-3-004:024	  	0 Hui A Road	  	Lahaina	  	96761	  	B T20111305	  	TBD	  	TBD
	61-3	  	250	  	MLP 6	  	4-3-004:025	  	0 Hui A Road	  	Lahaina	  	96761	  	B T20111307	  	TBD	  	TBD
	61-5	  	250	  	MLP 10	  	4-4-002:019	  	0 Honokowai	  	Lahaina	  	96761	  	B T20111319	  	TBD	  	TBD
	61-6	  	250	  	MLP 14	  	4-4-002:016	  	0 Honokowai	  	Lahaina	  	96761	  	B T20111356	  	TBD	  	TBD
	61-12	  	226	  	MLP 15	  	4-2-001:042	  	0 Honoapiilani Hwy	  	Lahaina	  	96761	  	E 20113007
(ELECTRICAL
PERMIT)	  	TBD	  	YES
	61-13	  	250	  	400 HANA Hwy	  	3-8-065-024	  	400 Hana Hwy	  	Kahului	  	96732	  	E 20120012
(ELECTRICAL
PERMIT)	  	TBD	  	YES
	17-1	  	1000	  	MLP 1	  	4-4-004:008	  	0 Honolua	  	Lahaina	  	96761	  	B T20111309	  	TBD	  	TBD
	17-2	  	750	  	MLP 7	  	4-2-001:043	  	0 Honolua	  	Lahaina	  	96761	  	B T20111303	  	TBD	  	TBD

 SCHEDULE 6.15 

LAND CONTRACTS 

																									
	SOLAR HUB UTILITIES	  	HECO-OAHU
	SCHEDULE 6.15	  
	Land Contracts to be assigned by Seller at Closing
 Letters of Intent including all Extensions
	  
	APP
NO.	  	 Size
kW
 AC
	  	PROJECT
NAME	  	TMK	  	INSTALL
ADDRESS	  	CITY	  	ZIP
CODE	  	LOI
ORIGINAL
DROPBOX	  	LOI
EXTENSION
#1
DEADLINE
DROPBOX	  	LOI
EXTENSION
#2
DEADLINE
DROPBOX	  	LOI
EXTENSION
#3
DEADLINE
DROPBOX	  	LOI
EASEMENT
(KAMILONUI
ONLY)
DEADLINE	  	LEASE
EXECUTED
	101
1	  	500	  	HARC CARPORT	  	9-2-001-011	  	94-340 Kunia Rd	  	Waipahu	  	96797	  	7/22/2011	  	2/20/2012	  	5/31/2012	  	9/30/2012	  	N/A	  	
	101
2	  	500	  	KVTHC LOT 7	  	9-2-005-023	  	92-1700 Kunia Rd	  	Wahiawa	  	96786	  	7/22/2011	  	2/29/2012	  	5/31/2012	  	9/30/2012	  	  	
	101
3	  	500	  	THURSTON 1	  	6-2-002-003	  	0000 Kamehameha Hwy	  	Haleiwa	  	96712	  	8/1/2011	  	2/20/2012	  	5/31/2012	  	9/30/2012	  	  	12/3/2011
	101
4	  	500	  	GINELLA 1 -Kawailoa	  	6-1-005-020	  	62-194 Kawailoa Rd	  	Haleiwa	  	96712	  	8/22/2011	  	2/20/2012	  	5/31/2012	  	9/30/2012	  	  	
	101
9	  	500	  	TROPIC LAND 8-7-010-010	  	8-7-010-010	  	87-1233 Hakimo Rd	  	Waianae	  	96792	  	LEASE	  	LEASE	  	LEASE	  	LEASE	  	  	3/16/2012
	101
13	  	198	  	WONG -Punaluu	  	5-3-009-093	  	0000 Puhuli St	  	Hauula	  	96717	  	10/24/2011	  	3/30/2012	  	7/31/2012	  		  	  	
	101
14	  	500	  	TROPIC LAND G 8-7-010-006	  	8-7-010-006	  	87-1239 Hakimo Rd	  	Waianae	  	96792	  	10/17/2011	  	2/20/2012	  	5/31/2012	  	9/30/2012	  	  	
	101
18	  	250	  	965 Kamilonui	  	3-9-019-015	  	965 Kamilonui Place	  	Honolulu	  	96825	  	9/20/2011	  	2/20/2012	  	5/31/2012	  	N/A	  	7/31/2012	  	
	101
19	  	500	  	PLATEAU LOOKOUT	  	5-8-002-004	  	58-378 Kam Highway	  	Haleiwa	  	96712	  	9/17/2011	  	2/29/2012	  	5/31/2012	  	9/30/2012	  	N/A	  	
	101
28	  	500	  	KAUKONAHUA RIDGE	  	6-5-001-043	  	0000 Kaukonahua Rd	  	Waialua	  	96791	  	10/10/2011	  	3/30/2012	  	7/31/2012	  		  	  	
	101
31	  	500	  	KULAAUPUNI	  	8-7-003-008	  	87-204 Kulaaupuni St	  	Waianae	  	96792	  	9/28/2011	  	3/30/2012	  	7/31/2012	  		  	  	
	101
33	  	500	  	KAALA VIEW	  	6-5-001-033	  	0000 Kaukonahua Rd	  	Waialua	  	96791	  	10/4/2011	  	3/30/2012	  	7/31/2012	  		  	  	
	101
36	  	500	  	KAALA LAND	  	6-5-001-010	  	65-670 A Kaukonahua Rd	  	Wahiawa	  	96786	  	11/15/2011	  	5/31/2012	  		  		  	  	
	101
95	  	500	  	KUWALE ROAD	  	8-6-007-002	  	86-335 Kuwale Road	  	Waianae	  	96792	  	11/2/2011	  	5/31/2012	  		  		  	  	
	101
45	  	260	  	OLOMANA GOLF LINKS	  	4-1-013-010	  	41 - 1801 Kalanianaole Hwy	  	Waimanalo	  	96795	  	9/13/2011	  	3/30/2012	  	7/31/2012	  		  	  	
	101
92	  	500	  	WAIANAE VALLEY	  	8-5-004-031	  	85-1330 Waianae Valley Rd	  	Waianae	  	96792	  	11/21/2011	  	5/31/2012	  		  		  	  	
	101
49	  	250	  	958 Kamilonui	  	3-9-019-011	  	958 Kamilonui Place	  	Honolulu	  	96825	  	9/27/2011	  	3/30/2012	  	7/31/2012	  		  	7/31/2012	  	
	101
50	  	250	  	968 Kamilonui	  	3-9-019-012	  	968 Kamilonui Place	  	Honolulu	  	96825	  	9/26/2011	  	3/30/2012	  	7/31/2012	  		  	7/31/2012	  	
	101
51	  	250	  	905 Kamilonui	  	3-9-019-021	  	905 Kamilonui Place	  	Honolulu	  	96825	  	9/28/2011	  	3/30/2012	  	7/31/2012	  		  	7/31/2012	  	
	101
52	  	250	  	898 Kamilonui	  	3-9-019-005	  	898 Kamilonui Place	  	Honolulu	  	96825	  	9/28/2011	  	3/30/2012	  	7/31/2012	  		  	7/31/2012	  	
	101
53	  	250	  	908 Kamilonui	  	3-9-019-006	  	908 Kamilonui Place	  	Honolulu	  	96825	  	9/28/2011	  	3/30/2012	  	7/31/2012	  		  	7/31/2012	  	
	101
54	  	250	  	948 Kamilonui	  	3-9-019-010	  	948 Kamilonui Place	  	Honolulu	  	96825	  	9/28/2011	  	3/30/2012	  	7/31/2012	  		  	7/31/2012	  	
	101
55	  	250	  	918 Kamilonui	  	3-9-019-007	  	918 Kamilonui Place	  	Honolulu	  	96825	  	9/28/2011	  	3/30/2012	  	7/31/2012	  		  	7/31/2012	  	
	101
56	  	250	  	928 Kamilonui	  	3-9-019-008	  	928 Kamilonui Place	  	Honolulu	  	96825	  	9/28/2011	  	3/30/2012	  	7/31/2012	  		  	7/31/2012	  	
	101
57	  	250	  	978 Kamilonui	  	3-9-019-013	  	978 Kamilonui Place	  	Honolulu	  	96825	  	11/22/2011	  	5/31/2012	  		  		  	7/31/2012	  	
	101
58	  	250	  	975 Kamilonui	  	3-9-019-014	  	975 Kamilonui Place	  	Honolulu	  	96825	  	11/15/2011	  	5/31/2012	  		  		  	7/31/2012	  	
	101
59	  	500	  	925 Kamilonui	  	3-9-019-019	  	925 kamilonui Place	  	Honolulu	  	96825	  	9/28/2011	  	3/30/2012	  	7/31/2012	  		  	7/31/2012	  	
	101
60	  	500	  	895 Kamilonui	  	3-9-019-022	  	895 Kamilonui Place	  	Honolulu	  	96825	  	9/28/2011	  	3/30/2012	  	7/31/2012	  		  	7/31/2012	  	
	101
79	  	500	  	Kipapa	  	9-4-005-052	  	94-500 Kam Highway	  	Mililani	  	96789	  	12/2/2011	  	5/31/2012	  		  		  	N/A	  	
	101
85	  	500	  	California Av Lot 1	  	7-5-011-001	  	1818 California Avenue	  	Wahiawa	  	96786	  	12/4/2011	  	5/31/2012	  		  		  	  	
	101
87	  	500	  	Peterson Lot 1	  	9-4-005-010	  	94-500 C Kam Highway	  	Mililani	  	96789	  	12/4/2011	  	5/31/2012	  		  		  	  	
	101
89	  	500	  	Kawiwi 1	  	8-5-034-014	  	87-1038 Kawiwi Way	  	Waianae	  	96792	  	12/12/2011	  	5/31/2012	  		  		  	  	
	101
91	  	500	  	Chen Farms	  	8-5-004-019	  	85-1490 Waianae Valley Rd	  	Waianae	  	96792	  	12/18/2011	  	5/31/2012	  		  		  	  	
	101
97	  	500	  	Kamilonui 945	  	3-9-019-017	  	945 Kamilonui Place	  	Honolulu	  	96825	  	12/23/2011	  	7/31/2012	  		  		  	7/31/2012	  	
	101
98	  	500	  	Kamilonui 955	  	3-9-019-016	  	955 Kamilonui Place	  	Honolulu	  	96825	  	12/23/2011	  	7/31/2012	  		  		  	7/31/2012	  	
	101
99	  	500	  	Kamilonui 915	  	3-9-019-020	  	915 Kamilonui Place	  	Honolulu	  	96825	  	12/23/2011	  	7/31/2012	  		  		  	7/31/2012	  	
	101
100	  	500	  	Kamilonui 855	  	3-9-019-024	  	855 Kamilonui Place	  	Honolulu	  	96825	  	12/23/2011	  	7/31/2012	  		  		  	7/31/2012	  	
	101
101	  	500	  	Kamilonui 865	  	3-9-019-023	  	865 Kamilonui Place	  	Honolulu	  	96825	  	12/23/2011	  	7/31/2012	  		  		  	7/31/2012	  	
	101
102	  	500	  	Costa	  	8-6-005-008	  	86-344 A Kuwale Road	  	Waianae	  	96792	  	12/22/2011	  	7/31/2012	  		  		  	N/A	  	
	101
103	  	500	  	Hawaii Kai	  	3-9-019-025	  	7460 Hawaii Kai Dr	  	Honolulu	  	96825	  	12/20/2011	  	7/31/2012	  		  		  	7/31/2012	  	

																					
	SOLAR HUB UTILITIES	 	MECO—MAUI
	SCHEDULE 6.15	 
	 Land Contracts to be assigned by Seller at Closing

Letters of Intent including all Extensions and Leases
	 
	 APP
 NO.
	 	Size
kW
AC	 	PROJECT
NAME	 	TMK	 	INSTALL ADDRESS	 	CITY	 	ZIP
CODE	 	LOI
ORIGINAL
DROPBOX	 	LOI
EXTENSION
#1 DEADLINE
DROPBOX	 	LOI
EXTENSION
#2 DEADLINE
DROPBOX	 	LEASE SIGNED
	61
 2
	 	250	 	MLP 5	 	4-3-004:024	 		 	Lahaina	 	96761	 	9/2/2011	 	2/29/2012	 	5/31/2012	 	3/19/2012
	61
 3
	 	250	 	MLP 6	 	4-3-004:025	 		 	Lahaina	 	96761	 	9/2/2011	 	2/29/2012	 	5/31/2012	 	3/19/2012
	61
 5
	 	250	 	MLP 10	 	4-4-002:019	 		 	Lahaina	 	96761	 	9/2/2011	 	2/29/2012	 	5/31/2012	 	3/19/2012
	16
 6
	 	250	 	MLP 14	 	4-4-002:016	 		 	Lahaina	 	96761	 	9/2/2011	 	2/29/2012	 	5/31/2012	 	3/19/2012
	61
 12
	 	226	 	MLP 15	 	4-2-001:042	 	Warehouse	 	Lahaina	 	96761	 	9/2/2011	 	2/29/2012	 	5/31/2012	 	3/19/2012
	61
 13
	 	250	 	400 HANA Highway	 	3-8-065:024	 	400 Hana Highway	 	Kahului	 	96732	 	5/3/2011	 	2/29/2012	 	5/31/2012	 	9/30/2012
	17-
 1
	 	1000	 	MLP 1	 	4-4-004:008	 		 	Lahaina	 	96761	 	12/28/2011	 	5/31/2012	 		 	3/19/2012
	17-
 2
	 	750	 	MLP 7	 	4-2-001:043	 		 	Lahaina	 	96761	 	12/28/2011	 	5/31/2012	 		 	3/19/2012

																			
	SOLAR HUB UTILITIES	 	HELCO—KONA (Big Island)
	SCHEDULE 6.15	 
	 Land Contracts to be assigned by Seller at Closing

Letters of Intent including all Extensions
	 
	 APP
 NO.
	 	 Size
 kW
 AC
	 	 PROJECT
 NAME
	 	TMK	 	INSTALL ADDRESS	 	CITY	 	 ZIP
 CODE
	 	 LOI
 ORIGINAL
 DROPBOX
	 	 LOI
 EXTENSION #1
 DEADLINE

DROPBOX
	 	 LOI
 EXTENSION #2
 DEADLINE

DROPBOX

	50
 18
	 	250	 	Kona 1	 	9-2-190-061	 	Maikai Blvd	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
 19
	 	250	 	Kona 2	 	9-2-191-047	 	Maikai Blvd	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
 20
	 	250	 	Kona 3	 	9-2-187-018	 	Kahili Blvd	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
 21
	 	250	 	Kona 4	 	9-2-188-020	 	Lanikai Drive	 	Ocean View	 	96704	 	12/7/2011	 	5/31/2012	 	9/30/2012
	50
 22
	 	250	 	Kona 5	 	9-2-191-034	 	Alii Blvd	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
 23
	 	250	 	Kona 6	 	9-2-186-038	 	Kahili Blvd	 	Ocean View	 	96704	 	12/8/2011	 	5/31/2012	 	9/30/2012
	50
 24
	 	250	 	Kona 7	 	9-2-193-049	 	Kona Kai Blvd	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
 25
	 	250	 	Kona 8	 	9-2-192-024	 	Alii Blvd	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50-
 26
	 	250	 	Kona 9	 	9-2-189-096	 	Maile Drive	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
 27
	 	250	 	Kona 10	 	9-2-187-034	 	Kahili Blvd	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
28	 	250	 	Kona 11	 	9-2-185-084	 	Prince Kuhio Blvd	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
29	 	250	 	Kona 12	 	9-2-185-051	 	Maile Drive	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
30	 	250	 	Kona 13	 	9-2-189-047	 	Maile Drive	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
31	 	250	 	Kona 14	 	9-2-815-071	 	Macadamia Dr	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
32	 	250	 	Kona 15	 	9-2-192-012	 	Alii Blvd	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
33	 	250	 	Kona 16	 	9-2-189-060	 	Maikai Blvd	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
34	 	250	 	Kona 17	 	9-2-190-059	 	Kahili	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
35	 	250	 	Kona 18	 	9-2-190-059	 	Maikai Blvd	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
36	 	250	 	Kona 19	 	9-2-190-010	 	Alii	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012
	50
37	 	250	 	Kona 20	 	9-2-191-048	 	Poha Drive	 	Ocean View	 	96704	 	12/6/2011	 	5/31/2012	 	9/30/2012

 SCHEDULE 6.16 

DEVELOPMENT DOCUMENTS 
 Seller/Seller will deliver copies of the Development Documents for the project to be assigned by Seller at the Project Transfer Date. Seller states that all of the assignable documents necessary to
complete this transaction are owned by and are the legal property of the Seller. 
 The Seller will provide DropBox access to the library of
Development Documents that are in Seller’s possession (including Seller’s reasonable access) that exist with regard to the Projects, including, but not limited to: 

 

	 	•	 	 All Notices of Completion issued by the governing Utility; 

 

	 	•	 	 Environmental Studies, Reports, and Permits; 

  

	 	•	 	 Project Engineering; 

  

	 	•	 	 Construction bids; 

  

	 	•	 	 Construction Studies, Reports, and Permits (including all CAD drawings); 

 

	 	•	 	 Electrical Studies, Reports, and Permits; 

  

	 	•	 	 Interconnection Studies, Reports, Applications, Permits, and Approvals with the appropriate Utility; 

 

	 	•	 	 Proposed Lease Documents; 

  

	 	•	 	 The Power Purchase Agreement; 

  

	 	•	 	 Storm water management plan and erosion control permits; 

 

	 	•	 	 Hydrology Reports and mitigation measures, if any; 

  

	 	•	 	 Water well documentation and water rights; 

  

	 	•	 	 Dust control Studies, Reports, and Permits; 

  

	 	•	 	 Site development information, drawings, and studies to date; 

 

	 	•	 	 Access Studies, Reports, and Permits; 

  

	 	•	 	 Access road Studies, Reports, and Permits; 

  

	 	•	 	 Temporary & Permanent fencing design; 

  

	 	•	 	 Land Surveys; 

  

	 	•	 	 Electrical Construction Drawings (completed by Seller and paid out of the Purchase Price); 

 

	 	•	 	 Project (homerun) information/design and drawings; 

  

	 	•	 	 Utility connection information/design and drawings; 

  

	 	•	 	 Grounding Grid information/design and drawings; 

  

	 	•	 	 Engineering Reports and Drawings (to be completed by Seller and paid out of the Purchase Price); 

 

	 	•	 	 Geotechnical Investigation information/design and drawings; 

 

	 	•	 	 PV Layout designs, area information/design, and drawings; 

 

	 	•	 	 Entrance permits to public roads; 

  

	 	•	 	 Reports re onsite temporary storage of spoils; 

  

	 	•	 	 Insurance policies; 

  

	 	•	 	 Start-up information/design and drawings; 

  

	 	•	 	 Meter station information/design and drawings; 

  

	 	•	 	 All local governmental approvals including approved Use Permit; 

 

	 	•	 	 Title reports and copies of all exceptions to title; 

  

	 	•	 	 Transmission easements, rights of way, and other rights; 

 

	 	•	 	 Interconnection and related facilities easement and use agreements; 

 

	 	•	 	 All other studies, reports, and drawings to date. 

 The Seller agrees to take all steps necessary to legally assign the document above as part of the General
Assignment and Bill of Sale (collectively, the “Development Documents”) to Buyer as a part of the transfer of the Project on the Project Transfer Date. 
 [Note: Project specific schedules are set forth in the emails dated June 8, 2012 from Shawn Kent representing Buyer to Robert Bornhoft representing Seller] 

  
 2 

 EXHIBIT A 

PROJECT LIST 

 PROJECT LIST—SOLAR HUB UTILITIES 

HECO-OAHU 
  

													
	 APP
 NO.
	  	SIZE
kW AC	  	PROJECT NAME	  	TMK	  	INSTALL ADDRESS	  	CITY	  	ZIP
CODE
	101     1	  	500	  	HARC CARPORT	  	9-2-001-011	  	94-340 Kunia Rd	  	Waipahu	  	96797
	101     2	  	500	  	KVTHC LOT 7	  	9-2-005-023	  	92-1700 Kunia Rd	  	Wahiawa	  	96786
	101     3	  	500	  	THURSTON 1	  	6-2-002-003	  	0 Kamehameha Hwy	  	Haleiwa	  	96712
	101     4	  	500	  	GINELLA 1—Kawailoa	  	6-1-005-020	  	62-194 Kawailoa Rd	  	Haleiwa	  	96712
	101     9	  	500	  	TROPIC LAND 010	  	8-7-010-010	  	87-1233 Hakimo Rd	  	Waianae	  	96792
	101   13	  	198	  	WONG—Punaluu	  	5-3-009-093	  	0000 Puhuli St	  	Hauula	  	96717
	101   14	  	500	  	TROPIC LAND 006	  	8-7-010-006	  	87-1239 Hakimo Rd	  	Waianae	  	96792
	101   18	  	250	  	965 Kamilonui	  	3-9-019-015	  	965 Kamilonui Place	  	Honolulu	  	96825
	101   19	  	500	  	PLATEAU LOOKOUT	  	5-8-002-004	  	58-378 Kam Highway	  	Haleiwa	  	96712
	101   28	  	500	  	KAUKONAHUA RIDGE	  	6-5-001-043	  	0000 Kaukonahua Rd	  	Waialua	  	96791
	101   31	  	500	  	KULAAUPUNI	  	8-7-003-008	  	87-204 Kulaaupuni St	  	Waianae	  	96792
	101   33	  	500	  	KAALA VIEW	  	6-5-001-033	  	0000 Kaukonahua Rd	  	Waialua	  	96791
	101   36	  	500	  	KAALA LAND	  	6-5-001-010	  	65-670 A Kaukonahua Rd	  	Wahiawa	  	96786
	101   95	  	500	  	KUWALE ROAD	  	8-6-007-002	  	86-335 Kuwale Road	  	Waianae	  	96792
	101   45	  	260	  	OLOMANA GOLF LINKS	  	4-1-013-010	  	41-1801 Kalanianaole Hwy	  	Waimanalo	  	96795
	101   92	  	500	  	WAIANAE VALLEY	  	8-5-004-031	  	85-1330 Waianae Valley Rd	  	Waianae	  	96792
	101   49	  	250	  	958 Kamilonui	  	3-9-019-011	  	958 Kamilonui Place	  	Honolulu	  	96825
	101   50	  	250	  	968 Kamilonui	  	3-9-019-012	  	968 Kamilonui Place	  	Honolulu	  	96825
	101   51	  	250	  	905 Kamilonui	  	3-9-019-021	  	905 Kamilonui Place	  	Honolulu	  	96825
	101   52	  	250	  	898 Kamilonui	  	3-9-019-005	  	898 Kamilonui Place	  	Honolulu	  	96825
	101   53	  	250	  	908 Kamilonui	  	3-9-019-006	  	908 Kamilonui Place	  	Honolulu	  	96825
	101   54	  	250	  	948 Kamilonui	  	3-9-019-010	  	948 Kamilonui Place	  	Honolulu	  	96825
	101   55	  	250	  	918 Kamilonui	  	3-9-019-007	  	918 Kamilonui Place	  	Honolulu	  	96825
	101   56	  	250	  	928 Kamilonui	  	3-9-019-008	  	928 Kamilonui Place	  	Honolulu	  	96825
	101   57	  	250	  	978 Kamilonui	  	3-9-019-013	  	978 Kamilonui Place	  	Honolulu	  	96825
	101   58	  	250	  	975 Kamilonui	  	3-9-019-014	  	975 Kamilonui Place	  	Honolulu	  	96825
	101   59	  	500	  	925 Kamilonui	  	3-9-019-019	  	925 Kamilonui Place	  	Honolulu	  	96825
	101   60	  	500	  	895 Kamilonui	  	3-9-019-022	  	895 Kamilonui Place	  	Honolulu	  	96825
	101   79	  	500	  	Kipapa	  	9-4-005-052	  	94-500 Kam Highway	  	Mililani	  	96789
	101   85	  	500	  	California Av Lot 1	  	7-5-011-001	  	1818 California Avenue	  	Wahiawa	  	96786
	101   87	  	500	  	Peterson Lot 1	  	9-4-005-010	  	94-500 C Kam Highway	  	Mililani	  	96789
	101   89	  	500	  	Kawiwi 1	  	8-5-034-014	  	87-1038 Kawiwi Way	  	Waianae	  	96792
	101   91	  	500	  	Chen Farms	  	8-5-004-019	  	85-1490 Waianae Valley Rd	  	Waianae	  	96792
	101   97	  	500	  	Kamilonui 945	  	3-9-019-017	  	945 Kamilonui Place	  	Honolulu	  	96825
	101   98	  	500	  	Kamilonui 955	  	3-9-019-016	  	955 Kamilonui Place	  	Honolulu	  	96825
	101   99	  	500	  	Kamilonui 915	  	3-9-019-020	  	915 Kamilonui Place	  	Honolulu	  	96825
	101 100	  	500	  	Kamilonui 855	  	3-9-019-024	  	855 Kamilonui Place	  	Honolulu	  	96825
	101 101	  	500	  	Kamilonui 865	  	3-9-019-023	  	865 Kamilonui Place	  	Honolulu	  	96825
	101 102	  	500	  	Costa	  	8-6-005-008	  	86-344 A Kuwale Road	  	Waianae	  	96792
	101 103	  	500	  	Hawaii Kai	  	3-9-019-025	  	7460 Hawaii Kai Dr	  	Honolulu	  	96825

 MECO-MAUI 

 

													
	APP
NO.	  	SIZE
kW AC	  	PROJECT NAME	  	TMK	  	INSTALL ADDRESS	  	CITY	  	ZIP
CODE
	61-2	  	250	  	MLP 5	  	4-3-004:024	  	0 Hui A Road	  	Lahaina	  	96761
	61-3	  	250	  	MLP 6	  	4-3-004:025	  	0 Hui A Road	  	Lahaina	  	96761
	61-5	  	250	  	MLP 10	  	4-4-002:019	  	0 Honokowai	  	Lahaina	  	96761
	61-6	  	250	  	MLP 14	  	4-4-002:016	  	0 Honokowai	  	Lahaina	  	96761
	61-12	  	226	  	MLP 15	  	4-2-001:042	  	0 Honoapiilani Hwy	  	Lahaina	  	96761
	61-13	  	250	  	400 HANA Hwy	  	3-8-065-024	  	400 Hana Hwy	  	Kahului	  	96732
	17-1	  	1000	  	MLP 1	  	4-4-004:008	  	0 Honolua	  	Lahaina	  	96761
	17-2	  	750	  	MLP 7	  	4-2-001:043	  	0 Honolua	  	Lahaina	  	96761
	
	HELCO-BIG ISLAND (KONA)
							
	50 18	  	250	  	Kona 1	  	9-2-190-061	  	Maikai Blvd	  	Ocean View	  	96704
	50 19	  	250	  	Kona 2	  	9-2-191-047	  	Maikai Blvd	  	Ocean View	  	96704
	50 20	  	250	  	Kona 3	  	9-2-187-018	  	Kahili Blvd	  	Ocean View	  	96704
	50 21	  	250	  	Kona 4	  	9-2-188-020	  	Lanikai Drive	  	Ocean View	  	96704
	50 22	  	250	  	Kona 5	  	9-2-191-034	  	Alii Blvd	  	Ocean View	  	96704
	50 23	  	250	  	Kona 6	  	9-2-186-038	  	Kahili Blvd	  	Ocean View	  	96704
	50 24	  	250	  	Kona 7	  	9-2-193-049	  	Kona Kai Blvd	  	Ocean View	  	96704
	50 25	  	250	  	Kona 8	  	9-2-192-024	  	Alii Blvd	  	Ocean View	  	96704
	50 26	  	250	  	Kona 9	  	9-2-189-096	  	Maile Drive	  	Ocean View	  	96704
	50 27	  	250	  	Kona 10	  	9-2-187-034	  	Kahili Blvd	  	Ocean View	  	96704
	50 28	  	250	  	Kona 11	  	9-2-185-084	  	Prince Kuhio Blvd	  	Ocean View	  	96704
	50 29	  	250	  	Kona 12	  	9-2-185-051	  	Maile Drive	  	Ocean View	  	96704
	50 30	  	250	  	Kona 13	  	9-2-189-047	  	Maile Drive	  	Ocean View	  	96704
	50 31	  	250	  	Kona 14	  	9-2-185-071	  	Macadamia Dr	  	Ocean View	  	96704
	50 32	  	250	  	Kona 15	  	9-2-192-012	  	Alii Blvd	  	Ocean View	  	96704
	50 33	  	250	  	Kona 16	  	9-2-189-060	  	Maikai Blvd	  	Ocean View	  	96704
	50 34	  	250	  	Kona 17	  	9-2-185-037	  	Kahili	  	Ocean View	  	96704
	50 35	  	250	  	Kona 18	  	9-2-190-059	  	Maikai Blvd	  	Ocean View	  	96704
	50 36	  	250	  	Kona 19	  	9-2-190-010	  	Alii	  	Ocean View	  	96704
	50 37	  	250	  	Kona 20	  	9-2-191-048	  	Poha Drive	  	Ocean View	  	96704

 EXHIBIT B 

BILL OF SALE AND GENERAL ASSIGNMENT AND ASSUMPTION AGREEMENT 

THIS BILL OF SALE AND GENERAL ASSIGNMENT AND ASSUMPTION AGREEMENT (the “Agreement”) is made as of as of
            [    ], 2012 (the “Effective Date”) between Solar Power, Inc., a California corporation (“Assignee”) and Solar Hub
Utilities, LLC, a Hawaiian Limited Liability company (“Assignor”). 
 Reference is made to that certain Solar
Development Acquisition and Sale Agreement dated effective as of June 7, 2012 by and between Assignor and Assignee (as amended or supplemented from time to time in writing, the “Purchase Agreement”). Capitalized terms which are
used but not defined herein shall have the meaning set forth in the Purchase Agreement. 
 For good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged by Assignor, Assignor and Assignee do hereby agree as follows: 

1. Sale and Assignment of Personal Property. 
 (a) Pursuant to the terms of the Purchase Agreement, under which this Agreement is delivered, Assignor hereby sells, transfers, assigns, delivers, sets over and conveys to Assignee all of Assignor’s
right, title and interest in and to all of the Acquired Assets and Development Documents (each as defined in the Purchase Agreement) and all other and other personal property owned by Assignor now existing or obtained in the future which are
pertinent to the development of the Projects identified on Exhibit A attached hereto, including, without limitation, the items listed below: 
  

	 	•	 	 Land Contracts 

  

	 	•	 	 Interconnection Rights and Interconnection Rights Agreements 

 

	 	•	 	 Power Purchase Agreements 

  

	 	•	 	 Conditional Use Permits 

  

	 	•	 	 Ancillary Agreements 

  

	 	•	 	 Books and Records 

  

	 	•	 	 Permits and Permit Applications 

  

	 	•	 	 Project Attributes 

  

	 	•	 	 Reports 

  

	 	•	 	 Solar Data 

(b) The personal property hereby sold, transferred, assigned, delivered, set over and conveyed is being sold on an “as is, where it
is” basis. 
 2. General Assignment and Assumption. 

(a) Assignor hereby sells, transfers, assigns, delivers, sets over and conveys to Assignee all right, title and interest of Assignor in
and to all of the Acquired Assets, including, without limitation, the following: 
 (i) to the extent assignable, the rights
under all Development Documents, Land Contracts, Interconnection Rights Agreements, Power Purchase Agreements, and Ancillary Agreements, and all FIT applications and reservations in connection with any of the Projects; 

 (ii) to the extent they may be transferred under applicable law, all licenses, permits and
authorizations presently issued in connection with the ownership, development, construction or operation of all or any part of the Projects; 
 (iii) to the extent assignable, any intangible personal property (including any digital format or version of the following) which is necessary or useful in connection with the ownership, improvement or
operation of the Projects, including, but not limited to, warranties,, approvals, guarantees, permits, franchises, drawings, surveys, licenses, entitlements, certificates of occupancy, reports and studies, any claims and causes of action, surveys,
maps, transferable utility contracts, plans and specifications, engineering plans and studies, accounts, deposits, contract rights, and general intangibles, other rights relating to the construction, ownership, use and operation of all or any part
of the Projects; 
 (iv) (i) through (iii) collectively referred to as the “Assigned Property”.

 (b) Notwithstanding the foregoing, if the assignment and transfer of any of the Assigned Property would cause a breach
thereof and if no required consent to such assignment and transfer has been obtained from the third party involved, then such obligation or instrument shall not be assigned and transferred hereunder, but Assignor shall act as agent for Assignee in
order to obtain for Assignee the benefits under such obligation or instrument; provided, that the foregoing shall not waive or release Assignor from any obligation to obtain any such consent or any liability for the failure to obtain any such
consent. 
 (c) Assignee hereby assumes all obligations of Assignor in connection with or arising out of the Assigned Property
and accruing after the date hereof. 
 3. Representations and Warranties. Subject to the provisions of
Section 4 below, this Bill of Sale and General Assignment and Assumption Agreement is made without recourse and without representation or warranty of any kind whatsoever, express or implied or by operation of law, except as set forth
herein. 
 4. Purchase Agreement. This Assignment shall in no event enlarge, reduce or otherwise affect the rights
or obligations of the parties as set forth in the Purchase Agreement. 
 5. Further Assurances. At any time and from time
to time after the date hereof, at Assignee’s request and without further consideration, Assignor will take all action necessary to execute and deliver such other instruments of sale, transfer, conveyance, assignment and confirmation and take
such action as may be necessary or appropriate in order to more effectively transfer, convey and assign to Assignee, and to confirm Assignee’s title to, the Acquired Assets, and, to the full extent permitted by law, to assist Assignee in
exercising all rights with respect thereto. 

 6. Successors and Assigns. This Agreement shall be binding upon and shall inure to
the benefit of the parties hereto and their respective successors and assigns. 
 7. Governing Law. This Agreement shall
be governed by and construed in accordance with the laws of the State of California without regard to conflicts of law principles. 
 8. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 [Signatures appear on following page.] 

 IN WITNESS THE EXECUTION HEREOF, under seal, in any number of counterpart copies, each of
which shall be deemed to be an original for all purposes, as of the Effective Date. 
  

									
	SELLER:	 	 	 	BUYER:
			
	 SOLAR HUB UTILITIES, LLC
a Hawaii limited liability company
	 		 	 SOLAR POWER, INC.
a California corporation

					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

 [SIGNATURE PAGE TO 
 BILL OF SALE AND GENERAL ASSIGNMENT AND ASSUMPTION AGREEMENT] 

 EXHIBIT C 

[Intentionally Omitted] 

 EXHIBIT D 

ESCROW AGREEMENT 
 [Intentionally left blank] 

 EXHIBIT E 

SECURITY AGREEMENT 
 (Membership) 
 [See Exhibit 10.3] 

 EXHIBIT F 

SECURITY AGREEMENT 
 (Assets) 
 [See Exhibit 10.4]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}]]