Document:

EX-10.69

 EXHIBIT 10.69 

 
 

 
 March 8, 2013 
 Meadows Office, L.L.C. 
 900 Route 9 North 
 Woodbridge, NJ 07095 
 Attn: John A. Saraceno 

 

	RE:	Lease dated October 9, 2007 (the “Lease”) 
201 Route 17 North, Meadows Office Complex, Rutherford, New Jersey 
Amendment to April 6, 2012
Letter Agreement concerning the Letter of Credit (the “LOC”) 

 Dear John, 

This letter will memorialize our agreement this morning to revise our Letter Agreement dated April 6, 2012 as follows: 

 

	 	•	 	 If CGI is able, by April 30, 2013, to demonstrate to the reasonable satisfaction of Meadows that CGI has raised capital for the Company’s
business (by private investment, private or public financing, or loan financing), in the amount of at least $16,000,000, then (provided CGI has not, during the period from the date of this letter through the date of such funding, defaulted in the
performance of its obligations under the Lease), from and after the date of such funding, the amount of the security deposit required to be maintained by CGI under the Lease shall be reduced to $250,000, for which an LOC is currently in place with
Chase bank. 

  

	 	•	 	 All other terms of the Letter Agreement remain in effect. 

 Please sign and date below to indicate your agreement. 
 Thank you for your help and flexibility
in resolving this matter. As our business expands, we look forward to discussing our additional space needs with you in the future. 

Sincerely, 
 /s/ Panna Sharma 

 

							
	Panna Sharma	  	 	Accepted by:	  	  	/s/ John A. Saraceno
	Chief Executive Officer	  				  	John A. Saraceno, Meadows Office, L.L.C.
	Cancer Genetics, Inc	  				  	
	201 Route 17 North	  	 	Date:	  	  	March 8, 2013
	Rutherford, NJ 07070EX-10.6.3

 Exhibit 10.6.3 
 To: 
 Ormat Technologies, Inc. 

May 22, 2012 

Re:     Waiver of certain Compensation 

I, the undersigned, Lucien Bronicki, ID No. 69706620, an employee of Ormat Technologies Inc., a Delaware Corporation (the
“Company”) hereby acknowledge, declare and confirm that: 
 Subject to the consummation and
performance of the transaction (the “Transaction”) contemplated by the Share Purchase Agreement dated March 16, 2012 by and among Bronicki Investments Ltd., an Israeli Company (Company No. 51-255064-1), organized under the
laws of the State of Israel, FIMI ENRG, Limited Partnership, a newly formed Israeli Limited Partnership and FIMI ENRG L.P., a newly formed Delaware limited partnership (the “Buyer” and the “Share Purchase
Agreement”, respectively), I hereby waive any golden parachute or any similar rights I have that may have been triggered by or as a result of the Transaction, and for avoidance of doubt I hereby irrevocably agree that the Transaction
(including for the avoidance of doubt any designation or election of any directors by either the Buyer and/or the Seller, directly or indirectly, in connection with the closing of the Transaction and thereafter) shall not be deemed at all times and
for all intents and purposes a “Change of Control” as defined in the Employment Agreement dated July 1, 2004, as amended from time to time, by and between the Company and the undersigned (“Employment Agreement”).

 Sincerely, 
 /s/ Lucien Bronicki

 Mr. Lucien Bronicki 
  

	Cc:	Ormat Industries Ltd. 

 FIMI
ENRG, Limited Partnership 
 FIMI ENRG L.P.EX-10.6.4

 Exhibit 10.6.4 
 Date: May 22, 2012 
 To 
 Ormat Industries Ltd. (“OIL”) 
 Ormat Technologies Inc. (“OTec”)

 Re: Non-Competition Undertaking 

 

			
	WHEREAS	  	Bronicki Investments Ltd. an Israeli company (Company no. 51-255064-1) (the “Seller”) and FIMI ENRG, Limited Partnership, a newly formed Israeli limited
partnership and FIMI ENRG, L.P., a newly formed Delaware limited partnership (collectively, the “Buyer”), have executed on March 16, 2012 the Share Purchase Agreement with respect to the purchase of shares of OIL and will execute,
at the Closing (as defined under the Share Purchase Agreement), the Shareholders Agreement (together, the “Transaction Documents”);
		
	WHEREAS	  	the Transaction Documents set forth the Seller’s and the Buyer’s rights and obligations with respect to their joint control of OIL and their indirect control of OTec, a
subsidiary of OIL; and
		
	WHEREAS	  	the undersigned is a shareholder of the Seller which is the controlling shareholder of OIL, as well as an officer of OTec and a director of OIL and OTec.

 NOW THEREFORE, the undersigned agrees as follows: 

 

	1.	This Undertaking shall be in addition to and shall not derogate from the undersigned’s non-compete obligations under his/her employment agreement with OTec, dated
July 1, 2004, as amended from time to time (“Employment Agreement”). 

  

	2.	Until four (4) years following the later of (i) the termination of the undersigned’s services as a consultant to, and an officer of, both OIL and OTec,
and (ii) the termination of the services of the last of Yehudit Bronicki, Lucien Bronicki and Yoram Bronicki as a consultant to or an officer of both of OIL and OTec (the “Restricted Period”), the undersigned undertakes that:

 he will not, directly or indirectly, be employed by, consult to or otherwise perform services for, own, manage,
operate, join, control or participate in the ownership, management, operation or control of or be connected with, in any manner, a Competitor (as defined below); provided however that nothing herein shall prevent the purchase or ownership by the
undersigned of shares which constitute less than 2% of the outstanding securities of a publicly held entity, if the undersigned has no other relationship with such entity. 
 “Competitor” shall mean any entity and/or person engaged in the Field of Operation. 
 “Field of Operation” shall mean any activity and/or field of operations in which OIL or any subsidiary directly or indirectly owned thereby, is engaged at anytime within the 24 months
prior to the time of termination of the undersigned’s services as an officer of or consultant to OIL or OTec. 
  

	3.	The provisions of this undertaking shall be subject to applicable law and, to the extent legally required, an exemption by the General Director of the Israel Antitrust
Authority according to the Restrictive Trade Practices Law of 1988; provided, however, that if such exemption is not obtained, the duration of this Undertaking shall be shortened in writing to the maximum period permitted by law.

 IN WITNESS WHEREOF, the undersigned executed this Undertaking as of the day and year first above written: 

 /s/ Lucien Bronicki 
 Lucien
BronickiEX-10.7.4

 Exhibit 10.7.4 
 To: 
 Ormat Technologies, Inc. 

May 22, 2012 

Re:     Waiver of certain Compensation 

I, the undersigned, Yehudit Bronicki, ID No. 001200567, an employee of Ormat Technologies Inc., a Delaware Corporation (the
“Company”) hereby acknowledge, declare and confirm that: 
 Subject to the consummation and performance of the
transaction (the “Transaction”) contemplated by the Share Purchase Agreement dated March 16, 2012 by and among Bronicki Investments Ltd., an Israeli Company (Company No. 51-255064-1), organized under the laws of the State
of Israel, FIMI ENRG, Limited Partnership, a newly formed Israeli Limited Partnership and FIMI ENRG L.P., a newly formed Delaware limited partnership (the “Buyer” and the “Share Purchase Agreement”, respectively), I
hereby waive any golden parachute or any similar rights I have that may have been triggered by or as a result of the Transaction, and for avoidance of doubt I hereby irrevocably agree that the Transaction (including for the avoidance of doubt any
designation or election of any directors by either the Buyer and/or the Seller, directly or indirectly, in connection with the closing of the Transaction and thereafter) shall not be deemed at all times and for all intents and purposes a
“Change of Control” as defined in the Employment Agreement dated July 1, 2004, as amended from time to time, by and between the Company and the undersigned (“Employment Agreement”). 

Sincerely, 
  /s/ Yehudit Bronicki

 Ms. Yehudit Bronicki 
  

	Cc:	Ormat Industries Ltd. 

 FIMI
ENRG, Limited Partnership 
 FIMI ENRG L.P.EX-10.7.5

 Exhibit 10.7.5 
 Date: May 22, 2012 
 To 
 Ormat Industries Ltd. (“OIL”) 
 Ormat Technologies Inc. (“OTec”)

 Re: Non-Competition Undertaking 

 

			
	WHEREAS	  	Bronicki Investments Ltd. an Israeli company (Company no. 51-255064-1) (the “Seller”) and FIMI ENRG, Limited Partnership, a newly formed Israeli limited
partnership and FIMI ENRG, L.P., a newly formed Delaware limited partnership (collectively, the “Buyer”), have executed on March 16, 2012 the Share Purchase Agreement with respect to the purchase of shares of OIL and will execute,
at the Closing (as defined under the Share Purchase Agreement), the Shareholders Agreement (together, the “Transaction Documents”);
		
	WHEREAS	  	the Transaction Documents set forth the Seller’s and the Buyer’s rights and obligations with respect to their joint control of OIL and their indirect control of OTec, a
subsidiary of OIL; and
		
	WHEREAS	  	the undersigned is a shareholder of the Seller which is the controlling shareholder of OIL, as well as an officer of OTec and a director of OIL and OTec.

 NOW THEREFORE, the undersigned agrees as follows: 

 

	1.	This Undertaking shall be in addition to and shall not derogate from the undersigned’s non-compete obligations under his/her employment agreement with OTec, dated
July 1, 2004, as amended from time to time (“Employment Agreement”). 

  

	2.	Until four (4) years following the later of (i) the termination of the undersigned’s services as a consultant to, and an officer of, both OIL and OTec,
and (ii) the termination of the services of the last of Yehudit Bronicki, Lucien Bronicki and Yoram Bronicki as a consultant to or an officer of both of OIL and OTec (the “Restricted Period”), the undersigned undertakes that:

 she will not, directly or indirectly, be employed by, consult to or otherwise perform services for, own, manage,
operate, join, control or participate in the ownership, management, operation or control of or be connected with, in any manner, a Competitor (as defined below); provided however that nothing herein shall prevent the purchase or ownership by the
undersigned of shares which constitute less than 2% of the outstanding securities of a publicly held entity, if the undersigned has no other relationship with such entity. 
 “Competitor” shall mean any entity and/or person engaged in the Field of Operation. 
 “Field of Operation” shall mean any activity and/or field of operations in which OIL or any subsidiary directly or indirectly owned thereby, is engaged at anytime within the 24 months
prior to the time of termination of the undersigned’s services as an officer of or consultant to OIL or OTec. 
  

	3.	The provisions of this undertaking shall be subject to applicable law and, to the extent legally required, an exemption by the General Director of the Israel Antitrust
Authority according to the Restrictive Trade Practices Law of 1988; provided, however, that if such exemption is not obtained, the duration of this Undertaking shall be shortened in writing to the maximum period permitted by law.

 IN WITNESS WHEREOF, the undersigned executed this Undertaking as of the day and year first above written: 

 /s/ Yehudit Bronicki 
 Yehudit
Bronicki

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