Document:

EXHIBIT 4.2

  

 Exhibit 4.2
 

 (Front)
 

 NUMBER CERT.
 

 ENERGIZER TENNIS INC.
 

 SHARES
 

 INCORPORATED UNDER THE LAWS OF THE STATE OF NEVADA $0.001 PAR VALUE COMMON STOCK
 

 COMMON STOCK
 CUSIP # 29271H 1 03
 

 This Certifies that
 

 Is The Owner Of
 

 FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF ENNERGIZER TENNIS INC.
 

 Transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this Certificate properly endorsed.  This Certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar.
 

 Witness the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers.
 

 Dated:
 /s/ Alexander Farquharson
 ________________________
 __________________________
 Chief Executive Officer
 

 /s/ Daniel Martinez
 __________________________
 Chief Financial Officer
 

 

 Countersigned:
 VSTOCK TRANSFER, LLC
 Transfer Agent and Registrar
 

 By:___________________
 Authorized Signature
 

 

 
 

 (Back)
 

 The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations.
 

 TEN COM - as tenants in common
 UNIF GIFT MIN ACT - _____Custodian ________
 TEN ENT - as tenants by the entireties
 (cust)
 (Minor)
 JT TEN  - as joint tenants with right
 of  survivorship and not as
 under the Uniform Gifts
 tenants in common
 Minors Act  ___________
 (State)
 

 

 Additional abbreviations may also be used though not in the above list.
 

 For Value Received, ______________________ hereby sell, assign and transfer unto
 

 

 ______________________________________
 Please insert Social Security or other
 Identifying Number
 

 _____________________________________________________________________________
 (Please print or type write name and address, including postal zip code of assignee)
 

 _____________________________________________________________________________
 

 _____________________________________________________________________________
 

 _________________________________________________________________Shares
 

 of the common stock represented by this certificate, and do hereby irrevocably constitutes and appoints ___________________________________Attorney to transfer the said stock on the books of the within-named Corporation with full power of substitution in the premises.
 

 Dated _________________________
 

 

 _____________________________________________________________________________
 Notice: The signature(s) to this assignment must correspond with the name(s) as written upon the face of this  certificate in any particular without alteration or enlargement or any change whatsoever.
 

 

 

 Signature(s) Guaranteed:
 Notice: The signature(s) should be guaranteed by an eligible guarantor institution.  (banks, stockbrokers, savings and loan association and credit unions) with membership in an approved signature guarantee medallion program pursuant to s.e.c rule 17ad-1510.1 EMA Amendment

Exhibit 10.1

Amendment to the
EMPLOYEE MATTERS AGREEMENT
by and between
CONOCOPHILLIPS and PHILLIPS 66,
dated as of April 26, 2012

WHEREAS, ConocoPhillips, a Delaware corporation (“COP”), and Phillips 66, a Delaware corporation (“Phillips 66”), entered into that certain Employee Matters Agreement, dated as of  April 26, 2012 (the “EMA”); and

WHEREAS, COP and Phillips 66 reserved the right under Section 13.9 to amend the EMA by an instrument in writing signed on behalf of each of COP and Phillips 66;

NOW, THEREFORE, COP and Phillips 66 do hereby amend Section 5.2(b)(v) of the EMA, effective December 5, 2012, by replacing the fourth and fifth sentences thereof with the following two sentences which shall read as follows:

“Such earnings or losses shall be determined by combining (x) the actual rate of return of the COP Pension Plan for the period commencing on the Distribution Date and ending on the last date prior to the Final Transfer Date for which actual performance data is available from the COP Pension Plan trustee (the “Latest Actual Performance Date”), and (y) the estimated rate of return of the COP Pension Plan (the “Estimated Return”)  for the period commencing on the day following the Latest Actual Performance Date and ending on the date that is as close as administratively practicable to the Final Transfer Date.   The Estimated Return shall be based on the following amounts:  (1)  actual market value of assets for the COP Pension Plan as of the Latest Actual Performance Date; (2) daily market values from the COP Pension Plan trustee for those assets that are directly held in custody by the trustee; (3) daily market values from commingled funds that provide daily valuation for fund units owned by the COP Pension Plan; and (4) estimated daily market values for commingled funds that do not provide daily valuation for fund units owned by the COP Pension Plan, with such estimated daily market values based on the performance of the benchmark index for that specific commingled fund.”  

[Signature Page Follows]

Page 1 of 2

IN WITNESS WHEREOF, COP and Phillips 66 have each caused this Amendment to be executed in their names by a duly authorized officer as of the date first written above.

	
			
	CONOCOPHILLIPS

	By:
	/s/ J.W. Sheets

	 
	Name:
	J.W. Sheets

	 
	Title:
	Chief Financial Officer

	 
	 
	 

	 
	 
	 

	PHILLIPS 66

	By:
	/s/ Brian Wenzel

	 
	Name:
	Brian Wenzel 

	 
	Title:
	VP & Treasurer

                

Page 2 of 2TGN-2013.5.02 Form 8-K Exhibit-10.1

REVOLVING LINE OF CREDIT AGREEMENT

This Revolving Line of Credit Agreement (the “Agreement”) is made and entered into in this 25th day of March, 2013 by and between John Hatsopoulos (“Lender”), residing at 3 Woodcock Lane, Lincoln, Massachusetts 01773 and Tecogen Inc., a corporation organized under the laws of Delaware (“Borrower”), with offices located at 45 First Avenue, Waltham, Massachusetts 02451.

In consideration of the mutual covenants and agreements contained herein, the parties agree as follows:

		
	1.
	LINE OF CREDIT. During the term hereof, the Lender will from time to time, at the written request of the Borrower, lend to the Borrower such funds as may from time to time be requested by the Borrower (the “Credit Line”). The aggregate principal amount of such funds outstanding at any time shall not exceed One Million U.S. Dollars ($1,000,000) (the “Credit Limit”). At the time of the first advance of funds under this Agreement, the Borrower shall execute and deliver to Lender the Promissory Note in the form attached to this Agreement. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an “Advance”) shall become part of the principal of said Promissory Note.

		
	2.
	INTEREST. All sums advanced pursuant to this Agreement shall bear interest from the date each Advance is made until paid in full at the Bank Prime Rate as quoted from time to time in the Wall Street Journal plus one and one half percent (1.5%) per annum (the “Effective Rate”).

		
	3.
	TERM. The term of this Agreement shall commence as of the date first set forth above and shall terminate on March 31, 2014 (the “Maturity Date”).

		
	4.
	ADVANCES. Any request for an Advance may be made from time to time and in such amounts as Borrower may choose; provided, however, any requested Advance will not, when added to the outstanding principal balance of all previous Advances, exceed the Credit Limit. Requests for Advances may be made orally or in writing by such officer of Borrower authorized by it to request such Advances. Until such time as Lender may be notified otherwise, Borrower hereby authorizes its President or Chief Financial Officer to request Advances. Lender shall transfer the amount of any Advance requested by Borrower in accordance with this Agreement unless  an event of default has occurred and is continuing hereunder either at the time of a request for an Advance or the date the Advance is to be made, or if an event has occurred or condition exists which, with the giving of notice or passing of time or both, would constitute an event of default hereunder as of such dates. Borrower shall use all funds loaned by Lender hereunder in connection with Borrower's business.

		
	5.
	REPAYMENT. Borrower shall pay accrued interest on the outstanding principal balance on a quarterly basis, in arrears, commencing at the end of each calendar quarter during which an Advance has been made or remains outstanding and unpaid, and continuing every quarter thereafter until the balance due hereunder is paid in full. The entire unpaid principal balance, together with any accrued interest and other unpaid charges or fees hereunder, shall be due and payable on the Maturity Date. All payments shall be made to Lender at such place as Lender designates from time to time. All payments received hereunder shall be applied first to any costs or expenses incurred by Lender in collecting such payment or to any other unpaid charges or expenses due hereunder; second to accrued interest; and third to principal. Borrower may prepay principal at any time without penalty.

		
	6.
	SECURITY.  Borrower shall grant to Lender a first priority security interest in accounts receivable of Borrower relating to projects or contracts entered into on or after the date of any Advance hereunder in an amount equal to not less than One Hundred and Ten Percent (110%) of the amount of the aggregate outstanding and unpaid Advances plus any accrued and unpaid interest with respect to such Advances. Borrower shall execute and deliver any agreements and documents reasonably requested by Lender to effectuate the grant and perfection of security interests in accounts receivable referred to above. 

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	7.
	REPRESENTATIONS AND WARRANTIES. In order to induce Lender to enter into this Agreement and to make the advances provided for herein, Borrower represents and warrants to Lender as follows: 

		
	a.
	Borrower is duly organized, validly existing, and in good standing under the laws of the State of Delaware with the power to own its assets and to transact business in Massachusetts, and in such other states where its business is conducted. 

		
	b.
	Borrower has the authority and power to execute and deliver any document required hereunder and to perform any condition or obligation imposed under the terms of such documents. 

		
	c.
	The execution, delivery and performance of this Agreement and each document incident hereto will not violate any provision of any applicable law, regulation, order, judgment, decree, article of incorporation, by-law, indenture, contract, agreement, or other undertaking to which Borrower is a party, or which purports to be binding on Borrower or its assets, and will not result in the creation or imposition of a lien on any of its assets. 

		
	d.
	There is no action, suit, investigation, or proceeding pending or, to the knowledge of Borrower, threatened, against or affecting Borrower or any of its assets which, if adversely determined, would have a material adverse affect on the financial condition of Borrower or the operation of its business.

		
	8.
	EVENTS OF DEFAULT. An event of default will occur if any of the following events occurs:

		
	a.
	Borrower's failure to pay any principal or interest hereunder within ten (10) days after the same becomes due.

		
	b.
	Any representation or warranty made by Borrower in this Agreement or in connection with any borrowing or request for an Advance hereunder, or in any certificate, financial statement, or other statement furnished by Borrower to Lender is untrue in any material respect at the time when made.

		
	c.
	Default by Borrower in the observance or performance of any other covenant or agreement contained in this Agreement.

		
	d.
	Filing by Borrower of a voluntary petition in bankruptcy seeking reorganization, arrangement or readjustment of debts, or any other relief under the Bankruptcy Code as amended or under any other insolvency act or law, state or federal, now or hereafter existing.

		
	e.
	Filing of an involuntary petition against Borrower in bankruptcy seeking reorganization, arrangement or readjustment of debts, or any other relief under the Bankruptcy Code as amended, or under any other insolvency act or law, state or federal, now or hereafter existing, and the continuance thereof for sixty (60) days undismissed, unbonded, or undischarged.

		
	9.
	REMEDIES. Upon the occurrence of an event of default as defined above, Lender may (i) declare the entire unpaid principal balance, together with accrued interest thereon, to be immediately due and payable without presentment, demand, protest, or other notice of any kind, and (ii)  suspend or terminate any obligation that Lender may have hereunder to make additional Advances. To the extent permitted by law, Borrower waives any rights to presentment, demand, protest, or notice of any kind in connection with this Agreement. No failure or delay on the part of Lender in exercising any right, power, or privilege hereunder will preclude any other or further exercise thereof or the exercise of any other right, power, or privilege. The rights and remedies provided herein are cumulative and not exclusive of any other rights or remedies provided at law or in equity. Borrower agrees to pay all costs of collection incurred by reason of the default, including court costs and reasonable attorney's fees.

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	10.
	NOTICE. Any notices or other communications required or permitted under this Agreement shall be sufficiently given if delivered personally, sent by registered or certified mail, postage prepaid, or sent by Federal Express or similar courier service to the other party at its address first set forth above or at such other address as either party may specify by written notice to the other party. Unless otherwise specified herein, such notices or other communications shall be deemed received (a) on the date delivered, if delivered personally; (b) three business days after being sent, if sent by registered or certified mail; or (c) the next business day, if delivered by Federal Express or similar courier service.

		
	11.
	GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the laws (other than the conflict of laws rules) of the Commonwealth of Massachusetts.

		
	12.
	TITLES AND CAPTIONS. All section titles or captions contained in this Agreement are for convenience only and shall not be deemed part of the context nor affect the interpretation of this Agreement. 

		
	13.
	ENTIRE AGREEMENT. This Agreement contains the entire understanding between and among the parties and supersedes any prior understandings and agreements among them respecting the subject matter of this Agreement. 

		
	14.
	AGREEMENT BINDING. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto.

		
	15.
	FURTHER ACTION. The parties hereto shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary or appropriate to achieve the purposes of the Agreement. 

		
	16.
	PARTIES IN INTEREST.  Nothing herein shall be construed to be to the benefit of any third party, nor is it intended that any provision shall be for the benefit of any third party.

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IN WITNESS WHEREOF, the undersigned have executed this Revolving Line of Credit Agreement as of the day and year first set forth above.

LENDER:                        BORROWER:
                            
TECOGEN INC.

By:   /s/ John N. Hatsopoulos______            By:    /s/ Bonnie J. Brown_______
Name:    John N. Hatsopoulos                Name:  Bonnie J. Brown
Title:    Chief Financial Officer

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TECOGEN INC.
PROMISSORY NOTE

U.S. $_______________    _____________, 2013

FOR VALUE RECEIVED, Tecogen Inc., a corporation organized under the laws of Delaware (“Borrower”), with offices located at 45 First Avenue, Waltham, Massachusetts 02451, agrees to pay to John N. Hatsopoulos (“Lender”), residing at 3 Woodcock Lane, Lincoln, Massachusetts 01773, or order, the principal sum of ______________ U.S. Dollars ($_____________), on the maturity date as defined in the Revolving Line of Credit Agreement dated March 25, 2013, together with any accrued interest and any other unpaid charges or fees hereunder. Prepayment of principal, together with accrued interest, may be made at any time without penalty. Interest hereon shall accrue from the date hereof at the Bank Prime Rate as quoted from time to time in the Wall Street Journal plus one and one half percent (1.5%) per annum. Accrued interest shall be due and payable quarterly in arrears on the last day of each calendar quarter.

In the event that any amount of principal hereof, or (to the extent permitted by applicable law) any interest hereon or any other amount payable hereunder is not paid in full when due (whether as scheduled, on demand, by acceleration or otherwise), Borrower shall pay interest (after as well as before entry of judgment thereon to the extent permitted by law) on such unpaid amount to Lender, from the date such amount becomes due until the date such amount is paid in full, payable on demand of Lender at a rate per annum equal at all times to 12% per annum (the “Default Rate”). Additionally, and without limiting the foregoing, following the occurrence and during the continuance of any Event of Default (as defined below), at the option of Lender, the interest rate shall be the Default Rate. Such interest on overdue amounts shall be payable on demand. All computations of interest shall be made on the basis of a year of 360 days for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest is payable. Each determination by Lender of any applicable rate of interest, and of any change therein, in the absence of manifest error shall be conclusive and binding on the parties hereto.

Payment shall be made in lawful tender of the United States unconditionally in full without set-off, counterclaim or, to the extent permitted by applicable law, other defense, all of which rights of Borrower are hereby expressly waived by Borrower. All payments hereunder shall be made to Lender at Lender's address set forth above (or to such other place as Lender shall designate in a written notice to Borrower), and, unless Borrower has obtained Lender's written consent to another form of payment, such payment shall be made by wire transfer of immediately available funds by no later than 12:00 noon (Boston time) on the due date of the payment, in accordance with Lender's payment instructions. 

Whenever any payment hereunder shall be stated to be due, or whenever any interest payment date or any other date specified hereunder would otherwise occur, on a day other than a Business Day (as defined below), then such payment shall be made, and such interest payment date or other date shall occur, on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest hereunder. As used herein, “Business Day” means a day (i) other than Saturday or Sunday, and (ii) on which commercial banks are open for business in Boston, Massachusetts. 

Borrower represents and warrants to Lender that:

(i)    Organization and Powers. Borrower is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, and has all requisite power and authority to own its assets and carry on its business and to execute, deliver and perform its obligations under this Note. 

(ii)    Authorization; No Conflict. The execution, delivery and performance by Borrower of this Note have been duly authorized by all necessary corporate action of Borrower and do not and will not (A) contravene the terms of the organizational documents of Borrower; or (B) result in a breach of or constitute a default under any material lease, instrument, contract or other agreement to which Borrower is a party or by which it or its properties 

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may be bound or affected; or (C) violate any provision of any law, rule, regulation, order, judgment, decree or the like binding on or affecting Borrower.
    
(iii)    Binding Obligations. This Note constitutes the legal, valid and binding obligation of Borrower, enforceable against Borrower in accordance with its terms.

(iv)    Consents. No authorization, consent, approval, license, exemption of, or filing or registration with, any governmental authority or agency, or approval or consent of any other person or entity is required for the due execution, delivery or performance by Borrower of this Note.

Refer to Revolving line of Credit Agreement for events which shall constitute an event of default.

If any Event of Default shall occur and be continuing, Lender may, by notice to Borrower, declare the entire unpaid principal amount of this Note, all interest accrued and unpaid hereon and all other amounts due hereunder to be forthwith due and payable, whereupon the principal hereof, all such accrued interest and all such other amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by Borrower, provided that if an event described in paragraph (c) above shall occur, the result which would otherwise occur only upon giving of notice by Lender to Borrower as specified above shall occur automatically, without the giving of any such notice.

Borrower agrees to pay on demand the costs and expenses of Lender, and fees and disbursements of counsel, in connection with any Event of Default, the enforcement or attempted enforcement of, and preservation of any rights or interests under, this Note, and any out-of-court workout or other refinancing or restructuring or any bankruptcy or insolvency case or proceeding.

No single or partial exercise of any power under this Note shall preclude any other or further exercise of such power or exercise of any other power. No delay or omission on the part of Lender in exercising any right under this Note shall operate as a waiver of such right or any other right thereunder.

Any notices or other communications required or permitted under this Agreement shall be sufficiently given if delivered personally, sent by registered or certified mail, postage prepaid, or sent by Federal Express or similar courier service to the other party at its address first set forth above or at such other address as either party may specify by written notice to the other party. Unless otherwise specified herein, such notices or other communications shall be deemed received (a) on the date delivered, if delivered personally; (b) three business days after being sent, if sent by registered or certified mail; or (c) the next business day, if delivered by Federal Express or similar courier service.

This Note shall be binding on Borrower and its successors and assigns, and shall be binding upon and inure to the benefit of Lender, any future holder of this Note and their respective successors and assigns. Borrower may not assign or transfer this Note or any of its obligations hereunder without Lender's prior written consent.

This Note shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts. 

Borrower hereby (a) submits to the non-exclusive jurisdiction of the courts of the Commonwealth of Massachusetts and the Federal courts of the United States sitting in the District of Massachusetts (collectively, the “Massachusetts Courts”), for the purpose of any action or proceeding arising out of or relating to this Note, (b) irrevocably waives (to the extent permitted by applicable law) any objection which it now or hereafter may have to the laying of venue of any such action or proceeding brought in any of the Massachusetts Courts, and any objection on the ground that any such action or proceeding in any Massachusetts Court has been brought in an inconvenient forum, and (c) agrees that (to the extent permitted by applicable law) a final judgment in any such action or proceeding brought in a Massachusetts Court shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner permitted by law.

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IN WITNESS WHEREOF, Borrower signing below by its duly authorized legal representative(s) has executed this Note as of the date first above mentioned.

TECOGEN INC.

By:    _____________________
Name:  Bonnie J. Brown
Title:    Chief Financial Officer

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