Document:

Amendment No 1 to Second Lien Letter of Credit

 Exhibit 10.60 
 AMENDMENT NO. 1 TO SECOND LIEN LETTER OF CREDIT, LOAN AND SECURITY AGREEMENT 

as of April 1, 2013 
 Ares
Capital Corporation, as Agent 
 245 Park Avenue, 44th Floor 
 New
York, New York 10167 
 Ladies and Gentlemen: 
 ARES CAPITAL CORPORATION, in its capacity as agent (in such capacity, “Agent”) pursuant to the Loan Agreement (as hereinafter defined) acting for and on behalf of the Secured Parties (as
defined in the Loan Agreement), and the parties to the Loan Agreement as lenders (individually, each a “Lender” and collectively, “Lenders”) have entered into financing arrangements pursuant to which Agent, Issuing
Bank (as defined in the Loan Agreement) and Lenders may make loans and advances and provide other financial accommodations to LIGHTING SCIENCE GROUP CORPORATION, a Delaware corporation (“Borrower”), as set forth in the Second Lien
Letter of Credit, Loan and Security Agreement, dated September 20, 2011 (as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, the “Loan Agreement”), by and among
Borrower, BIOLOGICAL ILLUMINATION, LLC, a Delaware limited liability company (“Biological”), LSGC, LLC, a Delaware limited liability company (“LSGC”, and together with Biological, each individually a
“Guarantor” and collectively, “Guarantors”), Agent and Lenders, and the other Financing Agreements (as defined in the Loan Agreement). Capitalized terms not otherwise defined herein shall have the respective
meanings ascribed thereto in the Loan Agreement. 
 Borrower and Guarantors have requested that (a) Agent and Lenders waive
the Event of Default under the Financing Agreements resulting from the establishment by Borrowers of a Subsidiary, Lighting Science India Private Limited, a private limited company formed under the laws of India (“LS India”) without
pledging the equity interests thereof, in breach of the provisions of the Financing Agreements (the “Existing Default”), (b) Agent and Lenders agree to extend the Maturity Date from February 20, 2014 (the “Original
Maturity Date”) to April 2, 2014 (the “Extended Maturity Date”) and (c) Agent cause Issuing Bank to extend the maturity date of the Letter of Credit from the Original Maturity Date to the Extended Maturity Date,
which Agent and Lenders are willing to do subject to the terms and conditions set forth in this Amendment No. 1 to Second Lien Letter of Credit, Loan and Security Agreement (this “Amendment”). 

The parties hereto wish to enter into this Amendment to evidence and effectuate such amendments and certain other agreements relating
thereto, in each case subject to the terms and conditions and to the extent set forth herein. 
 In consideration of the
premises and covenants set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1. Interpretation. All capitalized terms used herein shall have the meanings assigned thereto in the Loan Agreement and the other Financing Agreements, unless otherwise defined herein. 

 2. Amendment to Loan Agreement. Section 13.1(a) of the Loan Agreement is hereby amended and
restated in its entirety as follows: 
 (a) This Agreement and the other Financing Agreements shall become effective as of the
date set forth on the first page hereof and shall continue in full force and effect for a term ending on April 2, 2014 (the “Maturity Date”). In addition, Borrower may, subject to compliance with Section 2.4, terminate this
Agreement at any time and Agent may, at its option, and shall at the direction of Required Lenders, terminate this Agreement at any time on or after an Event of Default. Upon the Maturity Date or any other effective date of termination of the
Financing Agreements, Borrower shall pay to Agent all outstanding and unpaid Obligations and shall furnish cash collateral to Agent (or at Agent’s option, a letter of credit issued for the account of Borrower and at Borrower’ expense, in
form and substance reasonably satisfactory to Agent, by an issuer acceptable to Agent and payable to Agent as beneficiary) in such amounts as Agent determines are reasonably necessary to secure Agent, the Lenders and Issuing Bank from loss, cost,
damage or expense, including reasonable attorneys’ fees and expenses, in connection with any contingent Obligations. Such payments in respect of the Obligations and cash collateral shall be remitted by wire transfer in Federal funds to such
bank account of Agent as Agent may, in its discretion, designate in writing to Borrower for such purpose. Interest shall be due until and including the next Business Day, if the amounts so paid by Borrower to the bank account designated by Agent are
received in such bank account later than 12:00 noon (New York City, New York time) 
 3. Waiver of Existing Default/Pledge of Capital Stock
of LS India; No Other Waiver. 
 (a) Pursuant to Borrower’s and Guarantors’ request, subject to the terms and
conditions contained herein, Agent and Lenders hereby waive the Existing Default; provided, that, (i) within ten (10) Business Days of the date hereof, Agent shall have received (A) true, correct and complete copies of all
agreements, documents and instruments relating to the incorporation and/or formation of LS India, including, but not limited to, the certificate or certificates of incorporation and/or formation to be filed with each appropriate foreign
jurisdiction, to the extent applicable (with a copy as filed promptly after such filing); and (B) Borrower shall, upon the request of Agent, (1) execute and deliver to Agent a pledge and security agreement, in form and substance reasonably
satisfactory to Agent, granting to Agent a second priority security interest in and lien upon (subject, as to priority, only to the first priority security interest and lien of the First Lien Agent under the First Lien Financing Documents) all of
the issued and outstanding shares of Capital Stock of LS India (it being understood and agreed that with respect to Capital Stock of LS India, Borrower shall only be required to pledge sixty-five (65%) percent of all of the issued and
outstanding shares of Capital Stock of LS India entitled to vote, together with stock or membership interest powers (as applicable) with respect thereto duly executed in blank (or otherwise take such actions as Agent shall reasonably require with
respect to Agent’s security interests therein); and (2) Borrower shall execute and deliver such other agreements, documents and instruments as Agent may reasonably request in connection therewith. 

(b) Agent and Lenders have not waived and are not by this Amendment waiving, and have no present intention of waiving, any Default or
Event of Default, other than the Existing Default, which may have occurred prior to the date hereof, or may be continuing on the date hereof or any Event of Default which may occur after the date hereof, other than the Existing Default, whether the
same or similar to the Existing Default or otherwise. Agent and Lenders reserve the right, in their discretion, to exercise any or all of its or their rights and remedies arising under the Financing Agreements, applicable law or otherwise, as a
result of any other Event of Default which may have occurred prior to the date hereof, or are continuing on the date hereof, or any Event of Default which may occur after the date hereof, whether the same or similar to the Existing Default or
otherwise upon or after the rescission and termination of the waiver provided for in Section 3(a) above. Nothing contained herein shall be construed as a waiver of the failure of Borrower and Guarantors to comply with the terms of the
Loan Agreement and the other Financing Agreements after such time. 

  
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 4. Acknowledgment of Security Interests and Financing Agreements. 

(a) Acknowledgment of Security Interests. Borrower and Guarantors hereby acknowledge, confirm and agree that Agent and Secured
Parties have, and shall continue to have, valid, enforceable and perfected security interests in and liens upon the Collateral heretofore granted by Borrower and Guarantors to Agent and Secured Parties pursuant to the Financing Agreements or
otherwise granted to or held by Agent and Secured Parties. 
 (b) Binding Effect of Financing Agreements. Borrower and
Guarantors hereby acknowledge, confirm and agree that: (i) each of the Financing Agreements to which Borrower and Guarantors are a party has been duly executed and delivered to Agent and Secured Parties by Borrower and Guarantors, and each is
in full force and effect as of the date hereof, (ii) the agreements and obligations of Borrower and Guarantors contained in such Financing Agreements to which they are a party and in this Amendment constitute the legal, valid and binding
Obligations of Borrower and Guarantors, enforceable against them in accordance with their terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or limiting creditors’
rights generally or by equitable principles relating to enforceability, and Borrower and Guarantors have no valid defense to the enforcement of such Obligations, and (iii) Agent and Secured Parties are and shall be entitled to the rights,
remedies and benefits provided for in the Financing Agreements (including this Amendment) and pursuant to applicable law. 
 5.
Representations, Warranties and Covenants. Each Borrower and Guarantor hereby represents, warrants and covenants to Agent and Lenders the following (which shall survive the execution and delivery of this Amendment), the truth and accuracy of
which are a condition to the amendments contemplated hereby and the extension of the Letter of Credit and a continuing condition to the Commitments of the Lenders under the Loan Agreement: 

(a) this Amendment and each other agreement or instrument to be executed and delivered by Borrower and Guarantors in connection herewith
(collectively, together with this Amendment, the “Amendment Documents”) have been duly authorized, executed and delivered by all necessary corporate or limited liability company action (as applicable) on the part of Borrower and
Guarantors which are a party hereto and thereto and, if necessary, their respective stockholders, as the case may be, and the agreements and obligations of Borrower and Guarantors, as the case may be, contained herein and therein constitute the
legal, valid and binding obligations of Borrower and Guarantors, enforceable against them in accordance with their terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or
affecting generally the enforcement of creditors’ rights and except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor may be
brought; 
 (b) the execution, delivery and performance of the Amendment Documents (i) are all within Borrower’s and
Guarantors’ respective corporate or limited liability company powers (as applicable), (ii) are not in contravention of law or the terms of Borrower’s or Guarantors’ certificate or articles of organization or formation, operating
agreement or other organizational documentation, or any indenture, agreement or undertaking to which Borrower or Guarantors are a party or by which Borrower or Guarantors or their respective property are bound and (iii) shall not result in the
creation or imposition of any lien, claim, charge or encumbrance upon any of the Collateral, except in favor of Agent and Lender pursuant to the Loan Agreement and the other Financing Agreements as amended hereby; 

(c) all of the representations and warranties set forth in the Loan Agreement and the other Financing Agreements, each as amended hereby,
are true and correct in all material respects on and as of the date hereof, as if made on the date hereof, except to the extent any such representation or warranty is made as of a specified date, in which case such representation or warranty shall
have been true and correct as of such date; and 
 (d) no Default or Event of Default exists as of the date of this Amendment
(other than the Existing Default, which is waived pursuant to Section 3(a) hereunder). 

  
 3 

 6. Conditions Precedent. This Amendment shall not become effective unless all of the following
conditions precedent have been satisfied in full, as determined by Agent: 
 (a) the receipt by Agent of an original (or faxed
or electronic copy) of this Amendment, duly authorized, executed and delivered by Borrower, Guarantors, Agent and Lenders; 

(b) the receipt by Agent of a copy of an amendment to the First Lien Loan Agreement, duly authorized, executed and delivered by Borrower,
Guarantors, the First Lien Agent and the lenders party thereto, extending the Maturity Date (as defined in the First Lien Loan Agreement) to a date no later than the Extended Maturity Date, on terms satisfactory to Agent and the Lenders; 

(c) Borrower shall have paid all reasonable out-of-pocket costs, fees and expenses incurred by Agent and the Lenders or any of their
respective Affiliates in connection with the negotiation, preparation and execution of this Amendment and the transactions contemplated hereby, including, without limitation, the reasonable out-of-pocket costs, fees and expenses of counsel to the
Agent; and 
 (d) immediately prior (other than the Existing Default), and immediately after giving effect to the amendments and
agreements set forth herein, there shall exist no Default or Event of Default . 
 7. Effect of this Amendment. Except as modified
pursuant hereto, no other changes or modifications to the Financing Arrangements are intended or implied and in all other respects the Financing Agreements are hereby specifically ratified, restated and confirmed by all parties hereto as of the
effective date hereof. To the extent of conflict between the terms of this Amendment and the other Financing Agreements, the terms of this Amendment shall control. The Loan Agreement and this Amendment shall be read and construed as one agreement.

 8. Further Assurances. The parties hereto shall execute and deliver such additional documents and take such additional action as may
be necessary or desirable to effectuate the provisions and purposes of this Amendment. 
 9. Governing Law. The validity, interpretation
and enforcement of this Amendment and any dispute arising hereunder, whether in contract, tort, equity or otherwise, shall be governed by the internal laws of the State of New York, but excluding any principles of conflicts of law or other rule of
law that would cause the application of the law of any jurisdiction other than the laws of the State of New York. 
 10. Binding Effect.
This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns. 
 11.
Counterparts. This Amendment may be executed in any number of counterparts, but all of such counterparts shall together constitute but one and the same agreement. In making proof of this Amendment, it shall not be necessary to produce or
account for more than one counterpart thereof signed by each of the parties hereto. Delivery of an executed counterpart of this Amendment by telecopier or other electronic method of communication shall have the same force and effect as delivery of
an original executed counterpart of this Amendment. Any party delivering an executed counterpart of this Amendment by telecopier or other electronic method of communication also shall deliver an original executed counterpart of this Amendment, but
the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment as to such party or any other party. 
 [Remainder of Page Intentionally Left Blank] 

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

			
	Very truly yours,
	
	BORROWER:
	
	LIGHTING SCIENCE GROUP CORPORATION
		
	By:	 	 /s/ Thomas C. Shields

	Name:	 	Thomas Shields
	Title:	 	Chief Financial Officer
	
	GUARANTORS:
	
	BIOLOGICAL ILLUMINATION, LLC
		
	By:	 	 /s/ Fred Maxik

	Name:	 	Fred Maxik
	Title:	 	Manager
	
	LSGC, LLC, as Guarantor
		
	By:	 	Lighting Science Group Corporation, its sole member
		
	By:	 	 /s/ Thomas C. Shields

	Name:	 	Thomas Shields
	Title:	 	Assistant Secretary

 [Amendment No. 1 to Second Lien Letter of Credit, Loan and Security Agreement] 

			
	AGREED:
	
	AGENT AND LENDER:
	
	ARES CAPITAL CORPORATION
		
	By:	 	 /s/ Christopher Kerezsi

	Name:	 	 Christopher Kerezsi

	Title:	 	 Authorized Signatory

  
 [Amendment
No. 1 to Second Lien Letter of Credit, Loan and Security Agreement]2013 Award Formula under Key Officers Incentive Plan

 Exhibit 10.1 
 AWARD FORMULA FOR 2013 
 LEGGETT & PLATT, INCORPORATED

 2009 KEY OFFICERS INCENTIVE PLAN 
 The 2009 Key Officers Incentive Plan (“Plan”) provides cash Awards to Participants based on the Company’s operating results for the prior year. Capitalized terms not defined in this
document have the meaning ascribed under the Plan. There are separate Award Formulas under the Plan for Corporate Participants and Profit Center Participants. 
 Under both formulas, a Participant’s Award is calculated by reference to the Target Percentage of the Participant’s annual salary at the end of the Year. The Award Formulas and each
Participant’s Target Percentage are determined by the Committee no later than 90 days after the beginning of each Year or before 25% of the Performance Period has elapsed. 
 Participants in the Plan are the executive officers of the Company. The Company has a separate Key Management Incentive Plan for other employees. Awards under the Key Management Incentive Plan are
calculated in substantially the same manner as awards under the Plan. 
 For 2013, Awards under the Plan will be determined by achievement of
the following Performance Objectives. Additional awards will be made based on the achievement of Individual Performance Goals, which will be established separately from this Plan and will be wholly independent of Awards under this Plan. 

 

							
	 Participant Type
	  	 Performance Objectives
	  	Relative
Weight	 
	 Corporate Participants
	  	Return on Capital Employed (ROCE)	  	 	60	% 
		  	Cash Flow	  	 	20	% 
		  	Individual Performance Goals*	  	 	20	% 
	 Profit Center Participants
	  	Return on Capital Employed (ROCE)	  	 	60	% 
		  	Free Cash Flow (FCF)	  	 	20	% 
		  	Individual Performance Goals*	  	 	20	% 

  

	*	These awards are established outside the Plan. 

Award Formula for Corporate Participants 
 Awards for Corporate Participants are determined by the Company’s aggregate 2013 financial results. Financial results from acquisitions are excluded from calculations in the year of acquisition.

 The Performance Objectives for Corporate Participants are calculated as follows: 

 

							
	ROCE =	 	 EBIT
	  		  	
		 	Net PP&E and Working
Capital1,2	  		  	

  

	1	 Quarterly
averaging of Net PP&E and Working Capital 

	2	 Working Capital,
excluding cash and current maturities of long-term debt, as presented on the Company’s December 31, 2013 Consolidated Balance Sheet 

  

							
	Cash Flow =	 	EBITDA ± Change in Working Capital1
– Non-Cash Impairments – Capital Expenditures

  

	1	 Change in Working
Capital, excluding cash and current maturities of long-term debt, from December 31, 2012 to December 31, 2013, as reflected on the Company’s Consolidated Balance Sheets 

 The Committee shall adjust all items of gain, loss or expense for the fiscal year determined to be
(i) extraordinary, (ii) unusual in nature, (iii) infrequent in occurrence, (iv) related to the disposal of a segment of a business, or (v) related to a change in accounting principle, all as determined in accordance with
standards established under Generally Accepted Accounting Principles. 
 Achievement targets and payout percentages for Corporate
Participants’ Performance Objectives are set forth below. No Awards are paid for ROCE achievement below 29% and Cash Flow below $262M. The ROCE and Cash Flow payouts are each capped at 150%. Payouts will be interpolated for achievement levels
falling between those set out in the schedule. 
 2013 

Corporate Targets and Payout Schedule 
  

															
	ROCE	 	 	 	  	Cash Flow	 
	 Achievement
	  	Payout	 	 	 	  	Achievement	 	  	Payout	 
	 < 29%
	  	 	0	% 	 		  	<$	262M	  	  	 	0	% 
	 29%
	  	 	50	% 	 	Threshold	  	$	262M	  	  	 	50	% 
	 31%
	  	 	75	% 	 		  	$	277M	  	  	 	75	% 
	 33%
	  	 	100	% 	 	Target	  	$	292M	  	  	 	100	% 
	 35%
	  	 	125	% 	 		  	$	306.5M	  	  	 	125	% 
	 37%
	  	 	150	% 	 	Maximum	  	$	321M	  	  	 	150	% 

 The Award is calculated by multiplying a Participant’s salary, Target Percentage, the relative weight of the
Performance Objective, and the payout percentage. The sample calculation set forth below assumes a Participant with a base salary of $250,000 and a Target Percentage of 50%. If the Company achieved 33% ROCE and $262M Cash Flow, the
Participant’s Award under the Plan (which does not include the Individual Performance Goals), would be $87,500. 
  

																					
	 Performance Objective
	  	Participant’s
Base
Salary	 	  	Participant’s
Target
%	 	 	Relative
Weight	 	 	Payout
Percentage	 	 	Award	 
	 ROCE
	  	$	250,000	  	  	 	50	% 	 	 	60	% 	 	 	100	% 	 	$	75,000	  
	 Cash Flow
	  	$	250,000	  	  	 	50	% 	 	 	20	% 	 	 	50	% 	 	$	12,500	  
		  				  				 				 				 	  
	  
	 
	 Total Award
	  				  				 				 				 	$	87,500	  

 Award Formula for Profit Center Participants 
 Profit Center Participants manage numerous Profit Centers. The Company sets a ROCE target and a FCF target for each Profit Center every Year. The achievement of those Profit Center targets “rolls
up” to an aggregate achievement for all the operations under a Profit Center Participant’s management. Financial results for each Profit Center may include a critical compliance adjustment, ranging from a potential 5% increase for
exceptional safety performance to a 20% deduction for critical compliance failures. Financial results from acquisitions are excluded from calculations in the year of acquisition. 

 The Performance Objectives for Profit Center Participants are calculated as follows: 

 

							
	ROCE =	 	 EBIT
	  		  	
		 	Net PP&E + Working Capital1,
2	  		  	

  

	1	 Monthly averaging
of Net PP&E and Working Capital, adjusted for currency effects. 

	2	 Working Capital
excludes cash and current maturities of long-term debt and balance sheet items not directly related to on-going Profit Center activity, such as interest receivable and payable, income taxes receivable and payable, current deferred tax assets and
liabilities, and dividends payable. 

  

							
	FCF =	 	EBITDA (adjusted for currency effects) ± Change in Working Capital1 – Non-Cash Impairments – Capital Expenditures

  

	1	 Change in Working
Capital from December 31, 2012 to December 31, 2013 excludes cash and current maturities of long-term debt and balance sheet items not directly related to on-going Profit Center activity, such as interest receivable and payable, income
taxes receivable and payable, current deferred tax assets and liabilities, and dividends payable. 

 The Committee shall
adjust all items of gain, loss or expense for the fiscal year determined to be (i) extraordinary, (ii) unusual in nature, (iii) infrequent in occurrence, (iv) related to the disposal of a segment of a business, or
(v) related to a change in accounting principle, all as determined in accordance with standards established under Generally Accepted Accounting Principles. 
 Achievement targets and payout percentages for Profit Center Participants are set forth below. No Awards are paid for achievement below 80% of the aggregate ROCE and FCF targets for the Profit Centers
under the Participant’s management. The ROCE and FCF payouts are each capped at 150%. The payout will be interpolated for achievement levels falling between those set out in the schedule. 

2013 

Profit Center Targets 
  

									
	 Segment
	  	ROCE
Target	 	 	FCF Target	 
	 Residential
	  	 	28.3	% 	 	$	102.5M	  
	 Commercial
	  	 	25.0	% 	 	$	43.6M	  
	 Industrial
	  	 	34.2	% 	 	$	66.9M	  
	 Specialized
	  	 	32.7	% 	 	$	46.0M	  

 2013 
 Profit Center Payout Schedule 
  

							
	 Achievement
	  	 	  	Payout	 
	 <80%
	  		  	 	0	% 
	 80%
	  	Threshold	  	 	60	% 
	 90%
	  		  	 	80	% 
	 100%
	  	Target	  	 	100	% 
	 110%
	  		  	 	120	% 
	 120%
	  		  	 	140	% 
	 125%
	  	Maximum	  	 	150	% 

 The Award is calculated by multiplying a Participant’s salary, Target Percentage, the relative weight
of the Performance Objective, and the payout percentage. The sample calculation below assumes a Participant with a base salary of $250,000 and a Target Percentage of 50%. If the Participant’s Profit Centers achieved 100% of the aggregate ROCE
target and 90% of the aggregate FCF target, as adjusted for compliance, the Participant’s Award under the Plan (which does not include the Individual Performance Goals), would be $95,000. 

 

																					
	 Performance Objective
	  	Participant’s
Base
Salary	 	  	Participant’s
Target
%	 	 	Relative
Weight	 	 	Payout
Percentage	 	 	Award	 
	 ROCE
	  	$	250,000	  	  	 	50	% 	 	 	60	% 	 	 	100	% 	 	$	75,000	  
	 FCF
	  	$	250,000	  	  	 	50	% 	 	 	20	% 	 	 	80	% 	 	$	20,000	  
		  				  				 				 				 	  
	  
	 
	 Total Award
	  				  				 				 				 	$	95,000

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