Document:

Exhibit 10.4

 

Execution Version

 

FIRST AMENDMENT TO

RESTRICTED STOCK PURCHASE AGREEMENT

 

This FIRST AMENDMENT TO RESTRICTED STOCK PURCHASE
AGREEMENT (this “Amendment”) dated as of June 15, 2016 (the “Effective Date”),
is by and between 3D Systems Corporation, a Delaware corporation (the “Company”) and Andrew Johnson (the
“Participant”).

 

WHEREAS, the Company and the Participant are
parties to that certain Restricted Stock Purchase Agreement, dated as of February 3, 2015 (the “Agreement”),
for the award of 35,000 shares of Common Stock (the “Award Shares”), made pursuant to the 2004 Incentive
Stock Plan of the Company (the “Plan”); and

 

WHEREAS, the Company and the Participant are
parties to that certain Employment Agreement, dated of even date herewith, by and between the Company and the Participant (the
“Employment Agreement”); and

 

WHEREAS, the Company and the Participant desire
to amend the Agreement to provide that the Award Shares shall be vested in the manner prescribed and subject to the conditions
set forth herein.

 

NOW, THEREFORE, the Agreement is hereby amended
as follows:

 

1.                 
Capitalized Terms. Capitalized terms used but not defined herein shall have the meanings given them in the Agreement.

 

2.                 
Amendment.

 

(a)               
Notwithstanding anything in the Agreement or in the Plan to the contrary, the Agreement is hereby amended to provide that
in the event the Participant’s employment or service with the Company is terminated on a date (the “Early Vesting
Date”) prior to the third anniversary of the date of the grant either by the Company without Cause (as such term
is defined in the Employment Agreement), or by the Participant as a result of a Constructive Discharge (as such term is defined
in the Employment Agreement), then the Company’s repurchase option described in Section 4 of the Agreement shall be
limited to a portion of the Award Shares, as described in subsection (b) below.

 

(b)              
 The portion of the Award Shares over which the Company may exercise its repurchase option, in the circumstances described
in subsection (a) above, shall be equal to the difference of:

 

(1) the total number of Award Shares, minus

 

(2) that number of whole shares of Common Stock that most
nearly equals, but does not exceed an amount equal to the product of

 

(A) the total number of Award Shares, multiplied by

 

    	1

     

    

 

(B) the quotient of the number of calendar days from the
date of grant through the Early Vesting Date, divided by the number of calendar days from the date of grant through the third anniversary
of the date of grant.

 

3.                 
Non-Competition. Any provision of the Agreement which has the effect of restricting the Participant’s ability
to compete with the Company following the Early Vesting Date, including but not limited to Section 7 of the Agreement, is
hereby deleted, provided however, that this Section 3 shall have no effect on any similar restriction contained in
the Employment Agreement, which shall remain in full force and effect on the terms prescribed therein.

 

4.                 
Effect on the Agreement. Except as specifically amended by this Amendment, all terms of the Agreement shall remain
in full force and effect. The term “Agreement” as used in the Agreement shall mean the Agreement as amended by this
Amendment.

 

5.                 
Other.

 

(a)               
This Amendment shall be governed by the laws of the State of Delaware without giving effect to principles of conflicts of
laws.

 

(b)              
This Amendment may be executed in counterparts, each of which shall constitute an original, but all of which when taken
together shall constitute a single contract.

 

(c)               
This Amendment, along with the Agreement, constitutes the entire agreement among the parties relating to the subject matter
hereof and supersedes any and all previous agreements and understandings, oral or written, related to the subject matter hereof.

 

(d)              
This Amendment shall not be amended or revised except in a writing executed by all of the parties hereto.

 

 

[ Signature Page to Follow ]

 

 

 

 

 

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IN WITNESS WHEREOF, the parties have executed
this Amendment to be effective as of the date first set forth above.

 

 

 

	 	COMPANY:	 
	 	 	 
	 	3D SYSTEMS CORPORATION,	 
	 	a Delaware corporation	 
	 	 	 
	 	By:   	/s/ Vyomesh Joshi	 
	 	Name:  	Vyomesh Joshi	 
	 	Title:  	President	 
	 	 	 	 
	 	 	 
	 	PARTICIPANT:
	 	 	 
	 	/s/ Andrew M. Johnson	 
	 	Andrew JohnsonExhibit 10.5

 

Execution Version

 

FIRST AMENDMENT TO

RESTRICTED STOCK AWARD AGREEMENT 

 

This FIRST AMENDMENT TO RESTRICTED STOCK AWARD
AGREEMENT (this “Amendment”) dated as of June 15, 2016 (the “Effective Date”),
is by and between 3D Systems Corporation, a Delaware corporation (the “Company”) and Andrew Johnson (the
“Participant”).

 

WHEREAS, the Company and the Participant are
parties to that certain Restricted Stock Award Agreement, dated as of November 13, 2015 (the “Agreement”),
for the award of 125,000 shares of Common Stock (the “Award Shares”), made pursuant to the 2015 Incentive
Plan of the Company (the “Plan”); and

 

WHEREAS, the Company and the Participant are
parties to that certain Employment Agreement, dated of even date herewith, by and between the Company and the Participant (the
“Employment Agreement”); and

 

WHEREAS, the Company and the Participant desire
to amend the Agreement to provide that the Award Shares shall be vested in the manner prescribed and subject to the conditions
set forth herein.

 

NOW, THEREFORE, the Agreement is hereby amended
as follows:

 

1.                 
Definitions. The terms “Cause” and Constructive Discharge” shall have the meanings given them in
the Employment Agreement. Other capitalized terms used but not defined herein shall have the meanings given them in the Agreement.

 

2.                 
Amendment.

 

(a)               
Notwithstanding anything in the Agreement or in the Plan to the contrary, the Agreement is hereby amended to provide that
in the event the Participant’s employment or service with the Company is terminated on a date (the “Early Vesting
Date”) prior to the third anniversary of the date of the grant either by the Company without Cause, or by the Participant
as a result of a Constructive Discharge, then the Participant’s interest in a number of the Award Shares shall become vested
and nonforfeitable, in the manner described in subsection (b) below. Any such Award Shares that become vested and nonforfeitable,
in the manner described in subsection (b) below shall be in addition to any Award Shares to which the Participant’s
interest is or has become vested and nonforfeitable pursuant to Section 4 of the Agreement prior to the Early Vesting Date
(such previously vested Award Shares, if any, the “Previously Vested Award Shares”).

 

(b)              
The portion of the Award Shares in which the Participant’s interest shall be vested and nonforfeitable in the circumstances
described in subsection (a) above shall be equal to the difference of:

 

(1) that number of whole shares of Common Stock that most
nearly equals, but does not exceed, an amount equal to the product of

 

(A) the total number of Award Shares, multiplied by

 

    	1

     

    

 

(B) the quotient of (i) the number of calendar days from
the date of grant through the Early Vesting Date, divided by (ii) the number of calendar days from the date of grant through the
third anniversary of the date of grant, minus

 

(2) the aggregate number of Previously Vested Award Shares.

 

3.                 
Effect on the Agreement. Except as specifically amended by this Amendment, all terms of the Agreement shall remain
in full force and effect. The term “Agreement” as used in the Agreement shall mean the Agreement as amended by this
Amendment.

 

4.                 
Other.

 

(a)               
This Amendment shall be governed by the laws of the State of Delaware without giving effect to principles of conflicts of
laws.

 

(b)              
This Amendment may be executed in counterparts, each of which shall constitute an original, but all of which when taken
together shall constitute a single contract.

 

(c)               
This Amendment, along with the Agreement, constitutes the entire agreement among the parties relating to the subject matter
hereof and supersedes any and all previous agreements and understandings, oral or written, related to the subject matter hereof.

 

(d)              
This Amendment shall not be amended or revised except in a writing executed by all of the parties hereto.

 

 

[ Signature Page to Follow ]

 

 

 

 

 

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IN WITNESS WHEREOF, the parties have executed
this Amendment to be effective as of the date first set forth above.

 

 

	 	COMPANY:	 
	 	 	 
	 	3D SYSTEMS CORPORATION,	 
	 	a Delaware corporation	 
	 	 	 
	 	By:   	/s/ Vyomesh Joshi	 
	 	Name:  	Vyomesh Joshi	 
	 	Title:  	President	 
	 	 	 	 
	 	 	 
	 	PARTICIPANT:
	 	 	 
	 	/s/ Andrew M. Johnson	 
	 	Andrew JohnsonExhibit 10.1

 

SECOND AMENDMENT TO

LOAN AND SECURITY AGREEMENT

 

This Second Amendment to Loan and Security Agreement (the “Amendment”) is entered into as of June 10, 2016 by and between HERITAGE BANK OF COMMERCE (“Bank”) and LIME ENERGY CO. (“Borrower”).

 

RECITALS

 

A.            Borrower and Bank are parties to that certain Loan and Security Agreement dated as of July 24, 2015 (as the same may from time to time be further amended, modified, supplemented or restated, the “Agreement”).

 

B.            Borrower has asked to amend the Agreement.  Bank is willing to do so, on the terms and conditions and in reliance upon the representations and warranties set forth in this Amendment.

 

AGREEMENT

 

NOW, THEREFORE, the parties agree as follows:

 

1.             Bank waives the Event of Default caused by Borrower’s failure to comply with Section 6.9(b) of the Agreement for the period ended December 31, 2015 and, only to the extent that the below amendment was not in effect as at March 31, 2016,  for the period ending March 31, 2016.  This waiver is for that particular Event of Default, is not a continuing waiver, and does not constitute a course of conduct.  Borrower shall comply with all provisions of the Agreement, including Section 6.9, at all times after the date hereof.

 

2.             The following definitions are hereby added to or amended and restated in Section 1.1 of the Agreement as follows:

 

“Revolving Line” means a credit extension of up to Ten Million Dollars ($10,000,000) (inclusive of the aggregate face amount of Letters of Credit issued under the Letter of Credit Sublimit)

 

“Revolving Maturity Date” means July 24, 2018.

 

3.             Section 6.9(b) is amended to read as follows:

 

EBITDA.  Borrower and its Subsidiaries, on a consolidated basis, shall maintain (i) a rolling 4-quarter EBITDA, measured as of the last day of each quarter, of at least $2,179,000 for the quarter ending March 31, 2016, $2,006,000 for the quarter ending June 30, 2016, $2,437,000 for the quarter ending September 30, 2016, and $3,995,000 for the quarter ending December 31, 2016.  Borrower and Bank shall agree by January 15, 2017 on the appropriate standard for each quarter of 2017, based on projections delivered by Borrower to Bank, provided that if they do not agree, then all amounts outstanding under this Agreement shall become due and payable on March 31, 2017.  Borrower and Bank shall agree by January 15, 2018 on the appropriate standard for each quarter of 2018, based on projections delivered by Borrower to Bank, provided that if they do not agree, then all amounts outstanding under this Agreement shall become due and payable on March 31, 2018.

 

4.             Unless otherwise defined, all initially capitalized terms in this Amendment shall be as defined in the Agreement.  The Agreement, as amended hereby, shall be and remain in full force and effect in accordance with its respective terms and hereby is ratified and confirmed in all respects.  Except as expressly set forth herein, the execution, delivery, and performance of this Amendment shall not operate as a waiver of, or as an amendment of, 

 

 

any right, power, or remedy of Bank under the Agreement, as in effect prior to the date hereof.  Borrower ratifies and reaffirms the continuing effectiveness of all agreements entered into in connection with the Agreement.

 

5.             Borrower represents and warrants that the representations and warranties contained in the Agreement are true and correct as of the date of this Amendment, and that no Event of Default has occurred and is continuing.

 

6.             This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument.

 

7.             As a condition to the effectiveness of this Amendment, Bank shall have received, in form and substance satisfactory to Bank, the following:

 

(a)           this Amendment, duly executed by each Borrower;

 

(b)           an Affirmation of Subordination by Bison Partners IV, LP;

 

(c)           an Affirmation of Guaranty;

 

(d)           approval by Bank of Borrower’s financial statements as of March 31, 2016 and confirmation that Borrower is in compliance with all provisions of the Agreement as of such date;

 

(e)           an amount equal to all Bank Expenses incurred through the date of this Amendment; and

 

(f)            such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the first date above written.

 

	
 
    	
“Borrower”
    
	
 
    	
 
    
	
 
    	
LIME   ENERGY CO.
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Bruce Torkelson
    
	
 
    	
Name:   Bruce Torkelson
    
	
 
    	
Title:   CFO
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
“Bank”
    
	
 
    	
 
    
	
 
    	
HERITAGE BANK OF   COMMERCE
    
	
 
    	
 
    
	
 
    	
By:   
    	
/s/   Michael Hansen
    
	
 
    	
Name: Michael Hansen
    
	
 
    	
Title: SVP and Manager

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