Document:

Debt Conversion Agreement between Odyssey Marine Exploration, Inc.

 Exhibit 10.2 
 DEBT CONVERSION AGREEMENT 
 This Debt Conversion Agreement (this
“Agreement”) is entered into effective as of June 3, 2011 (the “Effective Date”) by and between Odyssey Marine Exploration, Inc. a Nevada corporation with its principal executive office located at 5215 W. Laurel St.
Tampa, FL 33607 (“Odyssey”), and Neptune Minerals, Inc., a Nevada corporation with its principal executive office located at 5858 Central Ave., St. Petersburg, FL 33707 USA (“Neptune”); Odyssey and Neptune together
the “Parties” to this Agreement. 
 W I T N E S S E T H 

WHEREAS, Neptune has executed an Assignment and Assumption of Debt, a copy of which is attached hereto as
Exhibit “A” (the “Assignment”), pursuant to which Neptune assumed certain accounts payable of Dorado Ocean Resources Limited, payable to Odyssey, in the amount of $8,227,675 (the “Assumed Debt”); and

 WHEREAS, the Parties have mutually agreed to effect a conversion of $2,500,000 of the Assumed Debt into fully paid and
non-assessable shares of Neptune Class B Common Stock (“Neptune B Shares”), and the remainder of the Assumed Debt will remain outstanding after the Effective Date. 
 NOW, THEREFORE, in consideration of the premises stated herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is hereby agreed that:

 1. Recitals. The foregoing recitals are true and correct and are incorporated herein by reference. 

2. Conversion. Neptune and Odyssey hereby agree that $2,500,000 of the Assumed Debt is hereby converted as of the Effective
Date into an aggregate of 2,500,000 Neptune B Shares (the “Conversion Shares”). From and after the Effective Date, Odyssey shall for all purposes be deemed to have owned the Conversion Shares, and $2,500,000 of the Assumed Debt shall be
deemed paid in full and extinguished. 
 3. Representations and Warranties of Neptune. Neptune hereby makes the
following representations and warranties to Odyssey as of the Effective Date (which representations and warranties shall survive the Effective Date): 
 a. Neptune is a duly organized, validly existing and in good standing corporation under the laws of the State of Nevada, with all requisite power and authority to own, operate and conduct its business as
now being conducted. 
 b. All corporate action on the part of Neptune necessary for the authorization, execution, delivery and
performance of this Agreement has been taken on or prior to the Effective Date. This Agreement constitutes the valid and legally binding obligation of Neptune, enforceable in accordance with its terms, except (i) as limited by applicable
bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and (ii) as limited by laws relating to the availability of specific performance, injunctive
relief, or other equitable remedies. 

 c. The Conversion Shares received hereunder are, and will be upon the issuance thereof,
validly issued, fully paid, and non-assessable. 
 4. Representations and Warranties of Odyssey. Odyssey
represents, warrants, covenants and agrees (which representations, warranties, covenants, and agreements shall be and be deemed to be continuing and survive the Effective Date) as follows: 

a. Odyssey is an “Accredited Investor” as defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933, as
amended (the “Act”). Odyssey has been advised and understands that (i) there are substantial limitations under applicable securities laws on the transferability of the Conversion Shares; (ii) the Conversion Shares have not been
and will not be registered under the Act; (iii) there is no public market for the Conversion Shares, and there may never be a public market for such shares; and (iv) Neptune has not covenanted to make “current public information”
available for purposes of Rule 144 under the Act. Accordingly, it may be impossible for Odyssey to liquidate the investment in the Conversion Shares. 
 b. Odyssey is accepting the Conversion Shares for its own account, for investment purposes only, and without a view towards the sale or distribution thereof. 

c. Odyssey has sufficient knowledge and experience in financial and business matters to evaluate the merits and risk of conversion of a
portion of the Assumed Debt and acceptance of the Conversion Shares. Odyssey is able to bear the economic risks of this conversion and at the present time could afford a complete loss of any and all value received hereunder. 

d. Odyssey believes it has received all the information it considers necessary or appropriate for deciding whether to acquire the Neptune
B Shares and acknowledges it has received and thoroughly reviewed the Confidential Information Summary of Neptune, dated May 18, 2011 (the “Summary”), which includes a description of various investment risk factors. In addition,
Odyssey represents and warrants that Neptune has made available for inspection by Odyssey various documents connected with Neptune’s business and has not refused in any way to permit Odyssey to inspect any document requested to be inspected by
such Odyssey. Odyssey further represents that it has had an opportunity to ask questions and receive satisfactory answers from representatives of Neptune regarding the terms and conditions of this conversion, the Neptune B Shares, the Summary, the
present and anticipated future financial condition of Neptune, and the present and anticipated business, properties, prospects and financial condition of Neptune. 
 5. Miscellaneous. 
 a. Governing Law; Venue. This Agreement
shall be construed and interpreted according to the laws of the State of Florida without reference to the rules of conflicts of law. All disputes arising out of or relating to this Agreement will be resolved exclusively in the state or federal
courts located in Hillsborough County, Florida, and the Parties hereto hereby consent to the jurisdiction of such courts for this purpose. 

  
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 b. Notices. All notices, requests, demands and other communications hereunder shall
be in writing and shall be deemed to have been duly given when hand delivered, including, without limitation, by Federal Express or other delivery service, or telecopied (transmission confirmed), or when mailed, certified or registered mail, with
postage prepaid addressed to the Party at its last known address, or to such other person or address as the Party to receive such notice may have designated from time to time by notice in writing pursuant hereto. 

c. Entire Agreement. This Agreement embodies the entire agreement and understanding between the Parties hereto and supersedes all
prior agreements and understandings related to the subject matter hereof. 
 d. Binding Effect. This Agreement shall be
binding upon and shall inure to the benefit of the Parties hereto and their respective heirs, successors and assigns. 
 e.
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original as against any Party whose signature appears thereon, and all of which together shall constitute one and the same agreement.
The Parties agree that this Agreement may be executed by each Party signing one original and providing a facsimile (fax) or scanned copy of the signature page to the Party, provided that each Party agrees to make its document with the original
signature available to the other Party upon request, and further provided that the Party agrees that the fax or scanned signature shall be treated as if it were an original signature, and no Party shall contest the validity of this Agreement based
on the use of fax or scanned signatures. 
 f. Assignment. Neither this Agreement nor any rights or obligations hereunder
may be assigned or delegated by any Party without the prior written consent of the other Party. 
 g. Construction. The
captions in this Agreement are inserted only as a matter of convenience and in no way affect the terms or intent of any provision of this Agreement. All phrases, pronouns, and other variations thereof shall be deemed to refer to the masculine,
feminine, neuter, singular, or plural, as the actual identity of the organization, person, or persons may require. No provision of this Agreement shall be construed against any Party hereto by reason of the extent to which such Party or its counsel
participated in the drafting hereof. 
 [Signature Page to Immediately Follow] 

  
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 IN WITNESS WHEREOF, the undersigned have executed this Agreement effective as of the
Effective Date. 
  

							
		 		 	Neptune Minerals, Inc.
				
	Executed on June 3, 2011	 		 	By:	 	       /s/ John Morris

		 		 		 	      John Morris, Chief Executive Officer
			
		 		 	Odyssey Marine Exploration, Inc.
	Executed on June 3, 2011	 		 	
		 		 	By:	 	       /s/ Greg Stemm
        

							
		 		 	     Print Name:	 	     Greg
Stemm

							
		 		 	         Title:	 	
             CEO

 Exhibit A to Debt Conversion Agreement 

EXHIBIT “A” 
 ASSIGNMENT AND ASSUMPTION AGREEMENT 

 EXHIBIT A 
 ASSIGNMENT AND ASSUMPTION OF DEBT 
 This Assignment and Assumption
of Debt (this “Assignment”) is entered into effective as of June 3, 2011 (the “Effective Date”) by and between Dorado Ocean Resources Limited, a Hong Kong private limited company whose registered office
is at c/o Dorsey & Whitney, Suite 3008 One Pacific Place, 88 Queensway, Hong Kong, People’s Republic of China (“Assignor”), and Neptune Minerals, Inc., a Nevada corporation with its principal executive office
located at 5858 Central Ave., St. Petersburg, FL 33707 USA (“Assignee”). 
 W I T N E S S E T H

 WHEREAS, Assignor currently owes an account payable under a marine service agreement to Odyssey Marine Exploration, Inc.
(“Odyssey”), in the amount of $8,227,675 (the “Account Payable Debt”); and 
 WHEREAS, in consideration of
that certain Debt Conversion Agreement of even date herewith between Assignee and Odyssey, Assignee has agreed to assume all of Assignor’s rights, obligations and liabilities under the Account Payable Debt effective as of the Effective Date.

 NOW, THEREFORE, in consideration of the premises stated herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, it is hereby agreed that: 
 6. Recitals. The foregoing recitals are
true and correct and are incorporated herein by reference. 
 7. Assignment. Assignor hereby assigns to Assignee all of
its rights, obligations and liabilities in, to and under the Account Payable Debt. 
 8. Assumption. Assignee hereby
accepts the foregoing assignment. Assignee hereby assumes and agrees to pay, perform and be bound by all of the covenants, terms and obligations contained in the Account Payable Debt to be performed by Assignor. 

9. Benefit. This Assignment is intended solely to benefit the parties and shall not create any liabilities to any other persons or
entities or expand any liabilities to any other persons or entities. 
 [Signature Page to Immediately Follow] 

  
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 IN WITNESS WHEREOF, the undersigned have executed this Agreement effective as of the
Effective Date. 
  

							
		 		 	ASSIGNOR
			
		 		 	Neptune Minerals, Inc.
				
		 		 	By:	 	       /s/ John Morris

		 		 		 	      John Morris, Chief Executive Officer
			
		 		 	ASSIGNEE
			
		 		 	Dorado Ocean Resources Limited
				
		 		 	By:	 	       /s/ Brad
Baker

							
		 		 	     Print Name:	 	     Brad
Baker

							
		 		 	 Title:	 	     DirectorAmendment to Affiliation Agreement

 Exhibit 10.1 
 AMENDMENT TO CREDIT SUPPORT AGREEMENT 
 This AMENDMENT (this
“Amendment”) to the Credit Support Agreement, dated as of April 28, 2011 (the “Credit Support Agreement”), by and between Total S.A., a société anonyme organized under the laws of the Republic of
France (the “Guarantor”), and SunPower Corporation, a Delaware corporation (the “Company”), is made and entered into as of June 7, 2011 by and between the Guarantor and the Company. Capitalized terms used in
this Amendment and not otherwise defined shall have the meanings given to them in the Credit Support Agreement. 
 W I T N E S S
E T H: 
 WHEREAS, the Guarantor and the Company desire to amend certain terms of the Credit Support Agreement as set forth
below. 
 NOW, THEREFORE, in consideration of the foregoing premises and the matters set forth herein, as well as other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged and accepted, and intending to be legally bound, the Guarantor and the Company hereby agree as follows: 

1. Amendments to Credit Support Agreement. 
 (a) The definition of “Affiliation Agreement” in Section 1(a) of the Credit Support Agreement is hereby amended by inserting the following clause immediately before the period: “, as
amended, restated, supplemented or otherwise modified from time to time”. 
 (b) The definition of “Effective
Date” in Section 1(o) of the Credit Support Agreement is hereby amended and restated as follows: 
 “(o)
Effective Date” means the first date on which both (i) the Offer Closing (as defined in the Tender Offer Agreement) has occurred and (ii) the EU Clearance (as defined in the Tender Offer Agreement) has occurred.”

 (c) The definition of “Tender Offer Agreement” in Section 1(xx) of the Credit Support Agreement is hereby
amended by inserting the following clause immediately before the period: “, as amended, restated, supplemented or otherwise modified from time to time”. 
 2. Agreement. All references to the “Agreement” set forth in the Credit Support Agreement shall be deemed to be references to the Credit Support Agreement as amended by this Amendment.

 3. Headings. The headings set forth in this Amendment are for convenience of reference purposes only and shall not
affect or be deemed to affect in any way the meaning or interpretation of this Amendment or any term or provision hereof. 
 4.
Confirmation of the Credit Support Agreement. Other than as expressly modified pursuant to this Amendment, all provisions of the Credit Support Agreement remain unmodified and in full force and effect. The applicable provisions of
Section 10 of the Credit Support Agreement shall apply to this Amendment mutatis mutandis. 
 [Execution
page follows.] 

 IN WITNESS WHEREOF, the undersigned have caused this Amendment to be executed by their
respective duly authorized officers to be effective as of the date first above written. 
  

			
	TOTAL S.A.
		
	By:	 	 /s/ Patrick de la Chevardière

		 	Name:  Patrick de la Chevardière
		 	Title:    Chief Financial Officer
	
	SUNPOWER CORPORATION
		
	By:	 	 /s/ Thomas H. Werner

		 	Name:   Thomas H. Werner
		 	Title:     Chief Executive Officer

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