Document:

Guaranty

 Exhibit 10.2 

EXECUTION VERSION 

GUARANTY 
 GUARANTY
(this “Guaranty”), dated as of August 20, 2014, by each of REVOLUTION LIGHTING TECHNOLOGIES, INC., a Delaware corporation (“RLT”), LUMIFICIENT CORPORATION, a Minnesota corporation
(“Lumificient”), LIGHTING INTEGRATION TECHNOLOGIES, LLC, a Delaware limited liability company (“LIT”), SEESMART TECHNOLOGIES, LLC, a Delaware limited liability company (“Seesmart”),
RELUME TECHNOLOGIES, INC., a Delaware corporation (“Relume”), TRI-STATE LED DE, LLC, a Delaware limited liability company (“Tri-State”), VALUE LIGHTING, LLC, a Delaware limited liability
company (“Value”), SEESMART, INC., a Delaware limited liability company (“Seesmart”), ENVIROLIGHT LED, LLC, a California limited liability company (“Envirolight”), SENTINEL SYSTEM,
LLC, a Michigan limited liability company (“Sentinel”), and VALUE LIGHTING OF HOUSTON, LLC, a Texas limited liability company (“Value Lighting Houston”, and each such Person, individually, a
“Guarantor” and, collectively, the “Guarantors”) in favor of (a) BANK OF AMERICA, N.A., (the “Lender”), and (b) the Secured Parties. 

W I T N E S S E T H 
 WHEREAS,
reference is made to that certain Loan and Security Agreement, dated as of even date (as amended, modified, supplemented or restated hereafter, the “Loan Agreement”), by and between, among others, (i) Revolution Lighting
Technologies, Inc. (the “Borrower Agent”), (ii) the other Borrowers party thereto, (iii) the Guarantors party thereto, and (iv) the Lender. Capitalized terms used herein and not defined herein shall have the meanings
assigned to such terms in the Loan Agreement. 
 WHEREAS, the Lender has agreed to make Loans to the Borrowers, and the Lender has agreed to
issue Letters of Credit for the account of the Borrowers, pursuant to, and upon the terms and subject to the conditions specified in, the Loan Agreement. 

WHEREAS, each Guarantor acknowledges that it is an integral part of a consolidated enterprise and that it will receive direct and indirect
benefits from the availability of the credit facility provided for in the Loan Agreement, from the making of the Loans by the Lender, and the issuance of the Letters of Credit by the Lender. 

WHEREAS, the obligations of the Lender to make Loans and of the Lender to issue Letters of Credit are each conditioned upon, among other
things, the execution and delivery by the Guarantors of a guaranty in the form hereof. As consideration therefor, and in order to induce the Lender to make Loans and the Lender to issue Letters of Credit, the Guarantors are willing to execute this
Guaranty. 
 Accordingly, each Guarantor hereby agrees as follows: 

SECTION 1. Guaranty. Each Guarantor irrevocably and unconditionally guaranties, jointly with the other Guarantors and severally,
as a primary obligor and not merely as a surety, the due and punctual payment when due (whether at the stated maturity, by required prepayment, 

  
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by acceleration or otherwise) and performance by the Borrowers of all Obligations (collectively, the “Guaranteed Obligations”), including all such Guaranteed Obligations which
shall become due but for the operation of the Bankruptcy Code. Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound
upon this Guaranty notwithstanding any extension or renewal of any Guaranteed Obligation. 
 SECTION 2. Guaranteed Obligations Not
Affected. To the fullest extent permitted by applicable Law, each Guarantor waives presentment to, demand of payment from, and protest to, any Obligor of any of the Guaranteed Obligations, and also waives notice of acceptance of this Guaranty,
notice of protest for nonpayment and all other notices of any kind. To the fullest extent permitted by applicable Law, the obligations of each Guarantor hereunder shall not be affected by (a) the failure of the Lender or any other Secured Party
to assert any claim or demand or to enforce or exercise any right or remedy against any Obligor under the provisions of the Loan Agreement, any other Loan Document or otherwise or against any other party with respect to any of the Guaranteed
Obligations, (b) any rescission, waiver, amendment or modification of, or any release from, any of the terms or provisions of this Guaranty, any other Loan Document or any other agreement, with respect to any Obligor or with respect to the
Guaranteed Obligations, (c) the failure to perfect any security interest in, or the release of, any of the Collateral held by or on behalf of the Lender or any other Secured Party, or (d) the lack of legal existence of any Obligor or legal
obligation to discharge any of the Guaranteed Obligations by any Obligor for any reason whatsoever, including, without limitation, in any insolvency, bankruptcy or reorganization of any Obligor. 

SECTION 3. Security. Each of the Guarantors hereby acknowledges and agrees that the Lender may release or substitute any one or
more endorsees, the Borrowers, other Guarantors or other obligors, in each case without affecting or impairing in any way the liability of any Guarantor hereunder. 

SECTION 4. Guaranty of Payment. Each of the Guarantors further agrees that this Guaranty constitutes a guaranty of payment and
performance when due of all Guaranteed Obligations and not of collection and, to the fullest extent permitted by applicable Law, waives any right to require that any resort be had by the Lender or any other Secured Party to any of the Collateral or
other security held for payment of the Guaranteed Obligations or to any balance of any deposit account or credit on the books of the Lender or any other Secured Party in favor of any Obligor or any other Person or to any other guarantor of all or
part of the Guaranteed Obligations. Any payment required to be made by the Guarantors hereunder may be required by Lender or any other Secured Party on any number of occasions and shall be payable to the Lender, for the benefit of the Lender and the
other Secured Parties, in the manner provided in the Loan Agreement. 
 SECTION 5. Indemnification. Without limiting any of
their indemnification obligations under the Loan Agreement or the other Loan Documents, and without duplication of any indemnification provided for under the Loan Agreement or the other Loan Documents, each of the Guarantors, jointly and severally,
EACH GUARANTOR SHALL INDEMNIFY AND HOLD HARMLESS THE INDEMNITEES AGAINST ANY CLAIMS THAT MAY BE INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE, including, without 

  
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limitation, any and all losses, claims, causes of action, damages, liabilities, settlement payments, reasonable and documented out-of-pocket costs (including the reasonable fees, charges and
disbursements of counsels for Lender and other Indemnitees) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any Borrower or any other Guarantor arising out of, in connection with, or as a result of (i) the
execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the
transactions contemplated hereby or thereby, or the administration of this Agreement and the other Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by Lender to honor
a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit, any bank advising or confirming a Letter of Credit and any other Person seeking
to enforce the rights of an Guarantor, beneficiary, transferee, or assignee or Letter of Credit proceeds or the holder of an instrument or document related to any Letter of Credit), (iii) any actual or alleged presence or release of hazardous
materials on or from any property owned or operated by any Guarantor or any of its Subsidiaries, or any environmental liability related in any way to any Guarantor or any of its Subsidiaries, (iv) any claims of, or amounts paid by any Secured
Party to, any Person which has entered into a control agreement with any Secured Party hereunder, or (v) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort
or any other theory, whether brought by a third party or by any Borrower or any other Guarantor or any of the Guarantors’ directors, shareholders or creditors; provided that, in no event shall any party to an Guarantor have any
obligation thereunder to indemnify or hold harmless an Indemnitee with respect to a Claim to the extent said Claim is determined in a final, non-appealable judgment by a court of competent jurisdiction to result from the gross negligence or willful
misconduct of such Indemnitee. 
 SECTION 6. No Discharge or Diminishment of Guaranty. The obligations of each Guarantor
hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the indefeasible payment in full in cash of the Guaranteed Obligations), including any claim of waiver, release, surrender, alteration
or compromise of any of the Guaranteed Obligations, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or
otherwise. Without limiting the generality of the foregoing, the Guaranteed Obligations of each Guarantor hereunder shall not be discharged or impaired or otherwise affected by the failure of the Lender or any other Secured Party to assert any claim
or demand or to enforce any remedy under this Guaranty, the Loan Agreement, any other Loan Document or any other agreement, by any waiver or modification of any provision of any thereof, by any default, failure or delay, willful or otherwise, in the
performance of the Guaranteed Obligations, or by any other act or omission that may or might in any manner or to any extent vary the risk of any Guarantor or that would otherwise operate as a discharge of any Guarantor as a matter of law or equity
(other than the indefeasible payment in full in cash of the Guaranteed Obligations). 
 SECTION 7. Defenses of Loan Parties
Waived. To the fullest extent permitted by applicable Law, each of the Guarantors waives any defense based on or arising out of any defense of any Obligor or the unenforceability of the Guaranteed Obligations or any part thereof

  
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from any cause, or the cessation from any cause of the liability of any Obligor, other than the indefeasible payment in full in cash of the Guaranteed Obligations. Each Guarantor hereby
acknowledges that the Lender and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or non-judicial sales, accept an assignment of any such security in lieu of foreclosure,
compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with any Obligor, or exercise any other right or remedy available to them against any Obligor, without affecting or impairing in any way the liability of any
Guarantor hereunder except to the extent that the Guaranteed Obligations have been indefeasibly paid in full in cash. Pursuant to, and to the extent permitted by, applicable Law, each of the Guarantors waives any defense arising out of any such
election and waives any benefit of and right to participate in any such foreclosure action, even though such election operates, pursuant to applicable Law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy
of such Guarantor against any Obligor, as the case may be, or any security. Each Guarantor agrees that it shall not assert any claim in competition with the Lender or any other Secured Party in respect of any payment made hereunder in any
bankruptcy, insolvency, reorganization, or any other proceeding. 
 SECTION 8. Agreement to Pay; Subordination. In furtherance
of the foregoing and not in limitation of any other right that the Lender or any other Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of any Obligor to pay any Guaranteed Obligation when and as the
same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each of the Guarantors hereby promises to and will forthwith pay, or cause to be paid, to the Lender or such other Secured Party as designated
thereby in cash the amount of such unpaid Guaranteed Obligations. Upon payment by any Guarantor of any sums to the Lender or any other Secured Party as provided above, all rights of such Guarantor against any Obligor arising as a result thereof by
way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior in right of payment to the prior indefeasible payment in full in cash of all the Guaranteed Obligations. In addition,
any indebtedness of the Borrowers or any other Obligor now or hereafter held by any Guarantor is hereby subordinated in right of payment to the prior indefeasible payment in full in cash of all of the Guaranteed Obligations. Notwithstanding the
foregoing, prior to the occurrence of an Event of Default, the Borrowers or any other Obligor may make payments to any Guarantor on account of any such indebtedness. After the occurrence and during the continuance of an Event of Default, none of the
Guarantors will demand, sue for, or otherwise attempt to collect any such indebtedness until the indefeasible payment in full in cash of the Guaranteed Obligations, termination or expiration of the Commitments, and termination of the Lender’s
obligation to issue Letters of Credit under the Loan Agreement. If any amount shall erroneously be paid to any Guarantor on account of (a) such subrogation, contribution, reimbursement, indemnity or similar right or (b) any such
indebtedness of any Obligor, such amount shall be held in trust for the benefit of the Credit Parties and shall forthwith be paid to the Lender to be credited against the payment of the Guaranteed Obligations, whether matured or unmatured, in
accordance with the terms of the Loan Agreement. 
 SECTION 9. Limitation on Guaranty of Guaranteed Obligations. In any action
or proceeding with respect to any Guarantor involving any state corporate law, the Bankruptcy Code or any other state or federal bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations of
such Guarantor under Section 1 hereof 

  
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would otherwise be held or determined to be void, invalid or unenforceable, or subordinated to the claims of any other creditors, on account of the amount of its liability under said
Section 1, then, notwithstanding any other provision hereof to the contrary, the amount of such liability shall, without any further action by such Guarantor, the Lender or any other Secured Party, or any other Person, be automatically limited
and reduced to the highest amount which is valid and enforceable and not subordinated to the claims of other creditors as determined in such action or proceeding. 

SECTION 10. Termination. This Guaranty (a) shall terminate when (i) the Commitments shall have expired or been
terminated, (ii) the principal of and interest on each Loan and all fees and other Guaranteed Obligations shall have been paid in full, and (iii) all Letters of Credit shall have expired or terminated or been cash collateralized or
backstopped by a letter of credit reasonably acceptable to the Lender to the extent provided in the Loan Agreement, and (iv) all LC Obligations shall have been paid in full, and (b) shall continue to be effective or be reinstated, as the
case may be, if at any time payment, or any part thereof, of any Guaranteed Obligation is rescinded or must otherwise be restored by any Secured Party or any Guarantor upon the bankruptcy or reorganization of any Obligor or otherwise. 

SECTION 11. Costs of Enforcement. Without limiting any of their obligations under the Loan Agreement or the other Loan Documents,
and without duplication of any fees or expenses provided for under the Loan Agreement or the other Loan Documents, the Guarantors, jointly and severally, agree to pay on demand all Secured Party expenses in connection with (i) the
administration, negotiation, documentation or amendment of this Guaranty, and (ii) the Lender’s efforts to collect and/or to enforce any of the Guaranteed Obligations of the Guarantors hereunder and/or to enforce any of the rights,
remedies, or powers of the Lender against or in respect of the Guarantors (whether or not suit is instituted by or against the Lender). 

SECTION 12. Binding Effect; Several Agreement; Assignments. Whenever in this Guaranty any of the parties hereto is referred to,
such reference shall be deemed to include the successors and assigns of such party, and all covenants, promises and agreements by or on behalf of the Guarantors that are contained in this Guaranty shall bind and inure to the benefit of each of the
Guarantors and its respective successors and assigns. This Guaranty shall be binding upon each of the Guarantors and their respective successors and assigns, and shall inure to the benefit of the Lender and any other Secured Party, and their
respective successors and assigns, except that no Guarantor shall have the right to assign or transfer its rights or obligations hereunder or any interest herein (and any such attempted assignment or transfer shall be void), except as expressly
permitted by this Guaranty or the Loan Agreement. This Guaranty shall be construed as a separate agreement with respect to each Guarantor and may be amended, modified, supplemented, waived or released with respect to any Guarantor without the
approval of any other Guarantor and without affecting the obligations of any other Guarantor hereunder. 
 SECTION 13. Waivers;
Amendment. 
 (a) The rights, remedies, powers, privileges, and discretions of the Lender hereunder and under applicable
Law (herein, the “Lender’s Rights and Remedies”) shall be cumulative and not exclusive of any rights or remedies which they would otherwise have. No delay or omission by the Lender in exercising or enforcing any of the
Lender’s 

  
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Rights and Remedies shall operate as, or constitute, a waiver thereof. No waiver by the Lender of any Event of Default or of any default under any other agreement shall operate as a waiver of any
other default hereunder or under any other agreement. No single or partial exercise of any of the Lender’s Rights or Remedies, and no express or implied agreement or transaction of whatever nature entered into between the Lender and any Person,
at any time, shall preclude the other or further exercise of the Lender’s Rights and Remedies. No waiver by the Lender of any of the Lender’s Rights and Remedies on any one occasion shall be deemed a waiver on any subsequent occasion, nor
shall it be deemed a continuing waiver. The Lender’s Rights and Remedies may be exercised at such time or times and in such order of preference as the Lender may determine. The Lender’s Rights and Remedies may be exercised without resort
or regard to any other source of satisfaction of the Guaranteed Obligations. No waiver of any provisions of this Guaranty or any other Loan Document or consent to any departure by any Guarantor therefrom shall in any event be effective unless the
same shall be permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on any Guarantor in any case shall entitle such
Guarantor or any other Guarantor to any other or further notice or demand in the same, similar or other circumstances. 
 (b)
Neither this Guaranty nor any provision hereof may be waived, amended or modified except pursuant to a written agreement entered into between the Lender and the Guarantor or Guarantors with respect to whom such waiver, amendment or modification is
to apply, subject to any consent required in accordance with Section 10.01 of the Loan Agreement. 
 SECTION 14. Copies and
Facsimiles. This instrument and all documents which have been or may be hereinafter furnished by the Guarantors to the Lender may be reproduced by the Lender by any photographic, microfilm, xerographic, digital imaging, or other process. Any
such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding (whether or not the original is in existence and whether or not such reproduction was made in the regular course of business). Any
facsimile or other electronic transmission which bears proof of transmission shall be binding on the party which or on whose behalf such transmission was initiated and likewise so admissible in evidence as if the original of such facsimile or other
electronic transmission had been delivered to the party which or on whose behalf such transmission was received. 
 SECTION 15.
Governing Law. THIS GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. 

SECTION 16. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing
and given as provided in Section 11.4 of the Loan Agreement, provided that communications and notices to the Guarantors may be delivered to the Borrower Agent on behalf of each of the Guarantors. 

  
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 SECTION 17. Survival of Agreement; Severability. 

(a) All covenants, agreements, indemnities, representations and warranties made by the Guarantors herein and in the
certificates or other instruments delivered in connection with or pursuant to this Guaranty, the Loan Agreement or any other Loan Document shall be considered to have been relied upon by the Lender and the other Secured Parties and shall survive the
execution and delivery of this Guaranty, the Loan Agreement and the other Loan Documents and the making of any Loans by the Lender and the issuance of any Letters of Credit by the Lender, regardless of any investigation made by the Lender or any
other Secured Party or on their behalf and notwithstanding that the Lender or other Secured Party may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended, and
shall continue in full force and effect until terminated as provided in SECTION 11 hereof. The provisions of Section 5 and Section 11 hereof shall survive and remain in full force and effect regardless of the repayment of the Guaranteed
Obligations, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Guaranty or any provision hereof. 

(b) Any provision of this Guaranty held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof, and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 SECTION 18. Counterparts. This
Guaranty may be executed in counterparts, each of which shall constitute an original but all of which, when taken together, shall constitute a single contract. Delivery of an executed counterpart of a signature page to this Guaranty by facsimile
transmission shall be as effective as delivery of a manually executed counterpart of this Guaranty. 
 SECTION 19. Rules of
Interpretation. The rules of interpretation specified in Sections 1.02 through 1.05 of the Loan Agreement shall be applicable to this Guaranty. 

SECTION 20. Consent to Forum. 

(a) Forum. LENDER AND EACH GUARANTOR HEREBY CONSENTS TO THE NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT
SITTING IN OR WITH JURISDICTION OVER NEW YORK COUNTY, NEW YORK AND THE SOUTHERN DISTRICT OF NEW YORK, IN ANY DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING RELATING IN ANY WAY TO ANY LOAN DOCUMENTS, AND AGREES THAT ANY DISPUTE, ACTION, LITIGATION
OR OTHER PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT; PROVIDED, HOWEVER THE LENDER MAY ELECT TO CONSENT TO ANY OTHER JURISDICTION IF REQUIRED TO FORECLOSE ANY SECURITY INTEREST IN ANY COLLATERAL. LENDER AND EACH GUARANTOR IRREVOCABLY
AND UNCONDITIONALLY WAIVE ALL CLAIMS, OBJECTIONS AND DEFENSES THAT IT MAY HAVE REGARDING ANY OF THE FOREGOING COURT’S 

  
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PERSONAL OR SUBJECT MATTER JURISDICTION, VENUE OR INCONVENIENT FORUM. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND CONSENTS TO SERVICE OF
PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11.4.1. A final judgment in any proceeding of any such court shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or any other manner provided
by applicable law. 
 (b) Other Jurisdictions. Nothing herein shall limit the right of the Lender to bring proceedings
against any Guarantor in any other court, nor limit the right of any party to serve process in any other manner permitted by applicable law. Nothing in this Agreement shall be deemed to preclude enforcement by Lender of any judgment or order
obtained in any forum or jurisdiction. 
 SECTION 21. Waivers by Guarantors. To the fullest extent permitted by
applicable law, each Guarantor waives (a) the right to trial by jury (which Lender hereby also waives) in any proceeding or dispute of any kind relating in any way to any Loan Documents, Obligations or Collateral; (b) presentment, demand,
protest, notice of presentment, default, non-payment, maturity, release, compromise, settlement, extension or renewal of any commercial paper, accounts, documents, instruments, chattel paper and guaranties at any time held by Lender on which a
Guarantor may in any way be liable, and hereby ratifies anything Lender may do in this regard; (c) notice prior to taking possession or control of any Collateral; (d) any bond or security that might be required by a court prior to allowing
Lender to exercise any rights or remedies; (e) the benefit of all valuation, appraisement and exemption laws; (f) any claim against Lender, on any theory of liability, for special, indirect, consequential, exemplary or punitive damages (as
opposed to direct or actual damages) in any way relating to any enforcement action, Obligations, Loan Documents or transactions relating thereto; and (g) notice of acceptance hereof. Each Guarantor acknowledges that the foregoing waivers
are a material inducement to Lender entering into this Agreement and that Lender is relying upon the foregoing in its dealings with Guarantors. Each Guarantor has reviewed the foregoing waivers with its legal counsel and has knowingly and
voluntarily waived its jury trial and other rights following consultation with legal counsel. In the event of litigation, this Agreement may be filed as a written consent to a trial by the court. 

SECTION 22. Waiver of Jury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY) AND WAIVES
THE RIGHT TO ASSERT ANY SETOFF, COUNTERCLAIM OR CROSS-CLAIM IN RESPECT OF, AND ALL STATUTES OF LIMITATIONS WHICH MAY BE RELEVANT TO, SUCH ACTION OR PROCEEDING; AND WAIVES DUE DILIGENCE, DEMAND, PRESENTMENT AND PROTEST AND ANY NOTICES THEREOF AS WELL
AS NOTICE OF NONPAYMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF

  
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LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (B) ACKNOWLEDGES THAT THE LENDER AND THE OTHER SECURED PARTIES HAVE BEEN INDUCED TO ENTER INTO THE LOAN DOCUMENTS BY, AMONG OTHER
THINGS, THE WAIVERS AND CERTIFICATIONS IN THIS SECTION 22. 
 SECTION 23. California Matters. IN THE EVENT ANY LEGAL PROCEEDING IS
FILED IN A COURT OF THE STATE OF CALIFORNIA (THE “CALIFORNIA COURT) BY OR AGAINST ANY PARTY HERETO IN CONNECTION WITH ANY CLAIM AND THE WAIVER SET FORTH IN SECTION 22 ABOVE IS NOT ENFORCEABLE IN SUCH PROCEEDING, THE PARTIES HERETO
AGREE AS FOLLOWS 
 (a) WITH THE EXCEPTION OF THE MATTERS SPECIFIED IN SUBCLAUSE (b) BELOW, ANY CLAIM SHALL BE
DETERMINED BY A GENERAL REFERENCE PROCEEDING IN ACCORDANCE WITH THE PROVISIONS OF CALIFORNIA CODE OF CIVIL PROCEDURE SECTIONS 638 THROUGH 645.1. THE PARTIES INTEND THIS GENERAL REFERENCE AGREEMENT TO BE SPECIFICALLY ENFORCEABLE. VENUE FOR THE
REFERENCE PROCEEDING SHALL BE IN THE COUNTY OF LOS ANGELES, CALIFORNIA. 
 (b) THE FOLLOWING MATTERS SHALL NOT BE SUBJECT TO
A GENERAL REFERENCE PROCEEDING: (A) NON-JUDICIAL FORECLOSURE OF ANY SECURITY INTERESTS IN REAL OR PERSONAL PROPERTY, (B) EXERCISE OF SELF-HELP REMEDIES (INCLUDING SET-OFF OR RECOUPMENT), (C) APPOINTMENT OF A RECEIVER, AND
(D) TEMPORARY, PROVISIONAL, OR ANCILLARY REMEDIES (INCLUDING WRITS OF ATTACHMENT, WRITS OF POSSESSION, TEMPORARY RESTRAINING ORDERS, OR PRELIMINARY INJUNCTIONS). THIS GUARANTY DOES NOT LIMIT THE RIGHT OF ANY PARTY TO EXERCISE OR OPPOSE ANY OF
THE RIGHTS AND REMEDIES DESCRIBED IN THE PRECEDING CLAUSES (A) - (D) AND ANY SUCH EXERCISE OR OPPOSITION DOES NOT WAIVE THE RIGHT OF ANY PARTY TO PARTICIPATE IN A REFERENCE PROCEEDING PURSUANT TO THIS GUARANTY WITH RESPECT TO ANY OTHER MATTER.

 (c) UPON THE WRITTEN REQUEST OF ANY PARTY, THE PARTIES SHALL SELECT A SINGLE REFEREE, WHO SHALL BE A RETIRED JUDGE OR
JUSTICE. IF THE PARTIES DO NOT AGREE UPON A REFEREE WITHIN 10 DAYS OF SUCH WRITTEN REQUEST, THEN, ANY PARTY SHALL HAVE THE RIGHT TO REQUEST THE CALIFORNIA COURT TO APPOINT A REFEREE PURSUANT TO CALIFORNIA CODE OF CIVIL PROCEDURE SECTION 640(B). THE
REFEREE SHALL BE APPOINTED TO SIT WITH ALL OF THE POWERS PROVIDED BY LAW. PENDING APPOINTMENT OF THE REFEREE, THE CALIFORNIA COURT SHALL HAVE THE POWER TO ISSUE TEMPORARY OR PROVISIONAL REMEDIES. 

  
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 (d) EXCEPT AS EXPRESSLY SET FORTH IN THIS GUARANTY, THE REFEREE SHALL DETERMINE
THE MANNER IN WHICH THE REFERENCE PROCEEDING IS CONDUCTED INCLUDING THE TIME AND PLACE OF HEARINGS, THE ORDER OF PRESENTATION OF EVIDENCE, AND ALL OTHER QUESTIONS THAT ARISE WITH RESPECT TO THE COURSE OF THE REFERENCE PROCEEDING. ALL PROCEEDINGS AND
HEARINGS CONDUCTED BEFORE THE REFEREE, EXCEPT FOR TRIAL, SHALL BE CONDUCTED WITHOUT A COURT REPORTER, EXCEPT WHEN ANY PARTY SO REQUESTS A COURT REPORTER AND A TRANSCRIPT IS ORDERED, A COURT REPORTER SHALL BE USED AND THE REFEREE SHALL BE PROVIDED A
COURTESY COPY OF THE TRANSCRIPT. THE PARTY MAKING SUCH REQUEST SHALL HAVE THE OBLIGATION TO ARRANGE FOR AND PAY THE COSTS OF THE COURT REPORTER, PROVIDED THAT SUCH COSTS, ALONG WITH THE REFEREE’S FEES, SHALL ULTIMATELY BE BORNE BY THE PARTY WHO
DOES NOT PREVAIL, AS DETERMINED BY THE REFEREE. 
 (e) THE REFEREE MAY REQUIRE ONE OR MORE PREHEARING CONFERENCES. THE
PARTIES HERETO SHALL BE ENTITLED TO DISCOVERY, AND THE REFEREE SHALL OVERSEE DISCOVERY IN ACCORDANCE WITH THE RULES OF DISCOVERY, AND SHALL ENFORCE ALL DISCOVERY ORDERS IN THE SAME MANNER AS ANY TRIAL COURT JUDGE IN PROCEEDINGS AT LAW IN THE STATE
OF CALIFORNIA. 
 (f) THE REFEREE SHALL APPLY THE RULES OF EVIDENCE APPLICABLE TO PROCEEDINGS AT LAW IN THE STATE OF
CALIFORNIA AND SHALL DETERMINE ALL ISSUES IN ACCORDANCE WITH CALIFORNIA SUBSTANTIVE AND PROCEDURAL LAW. THE REFEREE SHALL BE EMPOWERED TO ENTER EQUITABLE AS WELL AS LEGAL RELIEF AND RULE ON ANY MOTION WHICH WOULD BE AUTHORIZED IN A TRIAL, INCLUDING
MOTIONS FOR DEFAULT JUDGMENT OR SUMMARY JUDGMENT. THE REFEREE SHALL REPORT HIS OR HER DECISION, WHICH REPORT SHALL ALSO INCLUDE FINDINGS OF FACT AND CONCLUSIONS OF LAW. THE REFEREE SHALL ISSUE A DECISION AND PURSUANT TO CALIFORNIA CODE OF CIVIL
PROCEDURE, SECTION 644, THE REFEREE’S DECISION SHALL BE ENTERED BY THE CALIFORNIA COURT AS A JUDGMENT IN THE SAME MANNER AS IF THE ACTION HAD BEEN TRIED BY THE CALIFORNIA COURT. THE FINAL JUDGMENT OR ORDER FROM ANY APPEALABLE DECISION OR ORDER
ENTERED BY THE REFEREE SHALL BE FULLY APPEALABLE AS IF IT HAS BEEN ENTERED BY THE CALIFORNIA COURT. 
 (g) THE PARTIES
RECOGNIZE AND AGREE THAT ALL CLAIMS RESOLVED IN A GENERAL REFERENCE PROCEEDING PURSUANT HERETO WILL BE DECIDED BY A REFEREE AND NOT BY A JURY. AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO CONSULT) WITH COUNSEL OF THEIR OWN CHOICE, EACH PARTY
HERETO KNOWINGLY AND VOLUNTARILY AND FOR THEIR MUTUAL BENEFIT AGREES THAT THIS REFERENCE PROVISION SHALL APPLY TO ANY DISPUTE BETWEEN THEM THAT ARISES OUT OF OR IS RELATED TO THIS GUARANTY. 

  
 -10- 

 [SIGNATURE PAGE FOLLOWS] 

  
 -11- 

 IN WITNESS WHEREOF, the Guarantors have duly executed this Guaranty as of the day and year first
above written. 
  

							
	GUARANTORS:	 		 	REVOLUTION LIGHTING TECHNOLOGIES, INC. 
				
		 		 	By:	 	 /s/ Charles J. Schafer

		 		 	Name:	 	 Charles J. Schafer

		 		 	Title:	 	 President, CFO, Secretary and

		 		 		 	 Treasurer

		 		 	Address:	 	
		 		 		 	 177 Broad Street, 12th Floor

		 		 		 	 Stamford, CT 06901

			
		 		 	LUMIFICIENT CORPORATION 
				
		 		 	By:	 	 /s/ Carey Burkett

		 		 	Name:	 	 Carey Burkett

		 		 	Title:	 	 President

		 		 	Address:	 	
		 		 		 	 177 Broad Street, 12th Floor

		 		 		 	 Stamford, CT 06901

			
		 		 	LIGHTING INTEGRATION TECHNOLOGIES, LLC
				
		 		 	By:	 	 /s/ Charles J. Schafer

		 		 	Name:	 	 Charles J. Schafer

		 		 	Title:	 	 President

		 		 	Address:	 	
		 		 		 	 177 Broad Street, 12th Floor

		 		 		 	 Stamford, CT 06901

 
			
	SEESMART TECHNOLOGIES, LLC
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President, CFO, Secretary and

		 	 Treasurer

	Address:	 	
		 	 177 Broad Street, 12th Floor

		 	 Stamford, CT 06901

	
	RELUME TECHNOLOGIES, INC.
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President, Secretary and

		 	 Treasurer

	Address:	 	
		 	 177 Broad Street, 12th Floor

		 	 Stamford, CT 06901

	
	TRI-STATE LED DE, LLC
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President

	Address:	 	
		 	 177 Broad Street, 12th Floor

		 	 Stamford, CT 06901

	
	VALUE LIGHTING, LLC
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President

	Address:	 	
		 	 177 Broad Street, 12th Floor

		 	 Stamford, CT 06901

 
			
	SEESMART, INC.
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President and Secretary

	Address:	 	
		 	 177 Broad Street, 12th Floor

		 	 Stamford, CT 06901

	
	SENTINEL SYSTEM, LLC
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President, Secretary and

		 	 Treasurer

	Address:	 	
		 	 177 Broad Street, 12th Floor

		 	 Stamford, CT 06901

	
	VALUE LIGHTING OF HOUSTON, LLC
		 	By: Value Lighting, LLC,
		 	Its Sole Member
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President

	Address:	 	
		 	 177 Broad Street, 12th Floor

		 	 Stamford, CT 06901

	
	ENVIROLIGHT LED, LLC
		 	By: Seesmart, Inc.,
		 	Its Sole Member
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President

	Address:	 	
		 	 177 Broad Street, 12th Floor

		 	 Stamford, CT 06901Pledge Agreement

 Exhibit 10.3 

EXECUTION VERSION 

PLEDGE AGREEMENT 
 PLEDGE
AGREEMENT (this “Agreement”), dated as of August 20, 2014, by and among (a) REVOLUTION LIGHTING TECHNOLOGIES, INC., a Delaware corporation, as borrower agent (in such capacity, the “Borrower
Agent”), (b) each of the Persons listed on Schedule I hereto (each such Person, together with the Borrower Agent, individually, a “Borrower” and, collectively, the “Borrowers”), (c) each of
the Persons listed on Schedule II hereto (each such Person, individually, a “Guarantor” and, collectively, the “Guarantors”) (the Borrowers and the Guarantors are hereinafter referred to, individually, as a
“Pledgor” and, collectively with any other Person now or hereafter party hereto, as the “Pledgors”), and (d) BANK OF AMERICA, N.A., as Lender (in such capacity, the “Lender”) for its own
benefit and the benefit of the other Secured Parties (as defined in the Loan Agreement referred to below), in consideration of the mutual covenants contained herein and benefits to be derived herefrom. 

WITNESSETH: 
 WHEREAS, reference
is made to that certain Loan and Security Agreement, dated as of August 20, 2014 (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Loan Agreement”), by and among the Pledgors and
the Lender, pursuant to which the Lender has agreed to make Loans to the Borrowers and to issue Letters of Credit for the account of the Borrowers, upon the terms and subject to the conditions specified in the Loan Agreement; and 

WHEREAS, pursuant to the Loan Agreement, each of the Pledgors, among others, has granted to the Lender (for its own benefit and the benefit of
the other Secured Parties) a security interest in and to the Collateral (as defined in the Loan Agreement), as security for the Obligations; and 

WHEREAS, the obligations of the Lender to make Loans and to issue Letters of Credit are each conditioned upon, among other things, the
execution and delivery by the Pledgors of an agreement in the form hereof, pursuant to which each Pledgor confirms its grant of security interest provided in the Loan Agreement and further grants to the Lender (for its own benefit and the benefit of
the other Secured Parties) a security interest in and to the Pledged Collateral (as defined herein). 
 NOW, THEREFORE, in consideration of
the mutual conditions and agreements set forth in this Agreement, and for good and valuable consideration, the receipt of which is hereby acknowledged, the Pledgors and the Lender, on its own behalf and on behalf of the other Secured Parties (and
each of their respective successors or assigns), hereby agree as follows: 

  
 -1- 

 SECTION 1 

Definitions 
 1.1
Generally. All references herein to the UCC shall mean the Uniform Commercial Code as in effect in the State of New York or, when the laws of any other jurisdiction govern the perfection or enforcement of any Lien, the Uniform Commercial Code
of such jurisdiction. 
 1.2 Definitions of Certain Terms Used Herein. Unless the context otherwise requires, all capitalized terms
used but not defined herein shall have the meanings set forth in the Loan Agreement. In addition, as used herein, the following terms shall have the following meanings: 

“Agreement” shall have the meaning assigned to such term in the preamble to this Agreement. 

“Blue Sky Laws” shall have the meaning assigned to such term in Section 7.7 of this Agreement. 

“Borrower Agent” shall have the meaning assigned to such term in the preamble of this Agreement. 

“Borrower” and “Borrowers” shall have the meaning assigned to such terms in the preamble of this Agreement.

 “Guarantor” and “Guarantors” shall have the meaning assigned to such terms in the preamble of this
Agreement. 
 “Lender” shall have the meaning assigned to such term in the preamble of this Agreement. 

“Loan Agreement” shall have the meaning assigned to such term in the preliminary statement of this Agreement. 

“Pledged Collateral” shall have the meaning assigned to such term in Section 2.5 of this Agreement. 

“Pledged Securities” shall have the meaning assigned to such term in Section 2.1 of this Agreement. 

“Pledgor” and “Pledgors” shall have the meaning assigned to such term in the preamble of this Agreement.

 “Securities Act” shall have the meaning assigned to such term in Section 7.7 of this Agreement. 

1.3 Rules of Interpretation. The rules of interpretation specified in Sections 1.2 through 1.4 of the Loan Agreement shall be
applicable to this Agreement. 

  
 -2- 

 SECTION 2 

Pledge 
 In furtherance
and as confirmation of the security interest granted by the Pledgors to the Lender (for its own benefit and the benefit of the other Secured Parties) under the Loan Agreement, and as further security for the prompt payment or performance, as the
case may be, of all Obligations, each of the Pledgors hereby ratifies such security interest and grants to the Lender (for its own benefit and the benefit of the other Secured Parties) a continuing security interest in and Lien upon all of the
present and future right, title and interest of such Pledgor in and to the following property, and each item thereof, whether now owned or existing or hereafter acquired or arising, together with all products, proceeds, substitutions, and accessions
of or to any of the following property: 
 2.1 all shares of capital stock, limited liability company membership interests and other Equity
Interests owned by such Pledgor, including in each entity designated as an “Issuer” on Schedule III hereto, and any shares of capital stock, limited liability company membership interests or other Equity Interests obtained in
the future by such Pledgor, and the stock certificates or other security certificates (as defined in the UCC) representing all such shares, membership interests or other Equity Interests (the “Pledged Securities”); 

2.2 all other Investment Property that may be delivered to, and held by, the Lender pursuant to the terms hereof; 

2.3 all dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed or distributable, in
respect of, or in exchange for, the Pledged Securities and other Investment Property referred to in clauses 2.1 and 2.2 above; 
 2.4
subject to Section 6, all rights and privileges of such Pledgor with respect to the Pledged Securities and other Investment Property referred to in clauses 2.1, 2.2, and 2.3 above; and 

2.5 all proceeds of any of the foregoing (the items referred to in clauses 2.1 through 2.5 being collectively referred to as the
“Pledged Collateral”); 
 provided, that in no event shall the Pledged Collateral include more than 65% of the voting stock of any
Foreign Subsidiary. 
 TO HAVE AND TO HOLD the Pledged Collateral, together with all right, title, interest, powers, privileges and
preferences pertaining or incidental thereto, unto the Lender, its successors and assigns, for its own benefit and the benefit of the other Secured Parties, until Full Payment of the Obligations; subject, however, to the terms,
covenants and conditions hereinafter set forth. 

  
 -3- 

 Upon delivery to the Lender pursuant to Section 3 of this Agreement, (a) all stock
certificates or other securities now or hereafter included in the Pledged Securities shall be accompanied by stock powers duly executed in blank or other instruments of transfer reasonably satisfactory to the Lender and by such other instruments and
documents as the Lender may reasonably request, and (b) all other Investment Property comprising part of the Pledged Collateral shall be accompanied by proper instruments of assignment duly executed by the applicable Pledgor and such other
instruments or documents as the Lender may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the Pledged Securities theretofore and then being pledged hereunder, which schedule shall be attached
hereto as Schedule III and made a part hereof. Each schedule so delivered shall supersede any prior schedules so delivered. 

SECTION 3 

Delivery of the Pledged Collateral 

3.1 On or before the Closing Date, each Pledgor shall deliver or cause to be delivered to the Lender any and all Pledged Securities, any and
all Investment Property, and any and all original certificates or other instruments or documents representing the Pledged Collateral. 
 3.2
After the Closing Date, promptly upon any Pledgor’s acquiring any Pledged Securities, and any original certificates or other instruments or documents representing such Pledged Securities, such Pledgor shall deliver or cause to be delivered to
the Lender such Pledged Securities. 
 3.3 Each Pledgor hereby irrevocably authorizes the Lender, at any time and from time to time, to file
in any appropriate filing office, wherever located, any financing statement describing the Pledged Collateral that contains any information required by the UCC of the applicable jurisdiction for the sufficiency or filing office acceptance of any
financing statement. Each Pledgor also authorizes the Lender to take any and all actions required by any applicable law to perfect and protect the security interest granted hereunder. Each Pledgor shall provide the Lender with any information the
Lender shall reasonably request in connection with any of the foregoing. 
 SECTION 4 

Representations, Warranties and Covenants 

Each Pledgor hereby represents, warrants and covenants, as to itself and the Pledged Collateral pledged by it hereunder, to and with the
Lender that: 
 4.1 the Pledged Securities represent that percentage of the issued and outstanding shares of each class of the Equity
Interests of the Issuer with respect thereto as set forth on Schedule III; 

  
 -4- 

 4.2 except for the security interest granted hereunder, and except as otherwise permitted in the
Loan Agreement and the other Loan Documents, such Pledgor (i) is and will at all times continue to be the direct owner, beneficially and of record, of the Pledged Securities indicated on Schedule III, (ii) holds the Pledged
Collateral free and clear of all Liens, other than Permitted Liens having priority by operation of applicable law, (iii) will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in, or
other Lien on, the Pledged Collateral, other than pursuant hereto and other than Permitted Liens having priority by operation of applicable law, and (iv) other than as permitted in Section 6, will cause any and all distributions in cash or
in kind made on the Pledged Collateral to be forthwith deposited with the Lender and pledged or assigned hereunder; 
 4.3 except in
compliance with the Loan Agreement, such Pledgor will not consent to or approve the issuance of (a) any additional shares of any class of Equity Interests of any Issuer of the Pledged Securities, or the issuance of any Equity Interests in any
such Person, (b) any securities convertible voluntarily by the holder thereof or automatically upon the occurrence or nonoccurrence of any event or condition into, or exchangeable for, any such shares, membership interests or other Equity
Interests, or (c) any warrants, options, rights, or other commitments entitling any person to purchase or otherwise acquire any such shares, membership interests or other Equity Interests; 

4.4 such Pledgor (i) has the power and authority to pledge the Pledged Collateral in the manner hereby done or contemplated and
(ii) will defend its title or interest thereto or therein against any and all Liens (other than Permitted Liens having priority by operation of applicable law, however arising, of all Persons whomsoever; 

4.5 except for consents or approvals already obtained, no consent of any other Person (including stockholders or creditors of such Pledgor),
and no consent or approval of any Governmental Authority or any securities exchange, was or is necessary to the validity of the pledge effected hereby or to the disposition of the Pledged Collateral upon an Event of Default in accordance with the
terms of this Agreement and the Loan Agreement; 
 4.6 by virtue of the execution and delivery by such Pledgor of this Agreement, and the
delivery by such Pledgor to the Lender, of the stock certificates or other certificates or documents representing or evidencing the Pledged Collateral in accordance with the terms of this Agreement, the Lender will obtain a valid and perfected first
Lien upon, and security interest in, the Pledged Collateral as security for the payment and performance of the Obligations; 
 4.7 all of
the Pledged Securities set forth on Schedule III have been duly authorized and validly issued and, to the extent applicable, are fully paid and nonassessable; and 

4.8 all information set forth herein relating to the Pledged Collateral on Schedule III is accurate and complete in all material respects as
of the date hereof, and all other information set forth herein is accurate and complete in all material respects. 

  
 -5- 

 SECTION 5 

Registration in Nominee Name; Copies of Notices 

Upon the occurrence and during the continuance of an Event of Default, the Lender, on its own behalf and on behalf of the other Secured
Parties, shall have the right (in its reasonable discretion) to hold the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of each Pledgor, endorsed or assigned in blank or in favor of
the Lender. Each Pledgor will promptly give to the Lender copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. 

SECTION 6 

Voting Rights; Dividends and Interest, Etc. 

6.1 Unless and until an Event of Default has occurred and is continuing, each Pledgor shall be entitled to exercise any and all voting and/or
other consensual rights and powers inuring to an owner of the Pledged Securities or any part thereof to the extent, and only to the extent, that such rights are exercised for any purpose consistent with, and not otherwise in violation of, the terms
and conditions of this Agreement, the Loan Agreement, the other Loan Documents and applicable law; provided, however, that no Pledgor will be entitled to exercise any such right if the result thereof could reasonably be expected to
materially and adversely affect the rights inuring to a holder of the Pledged Securities or the rights and remedies of any of the Secured Parties under this Agreement, the Loan Agreement or any other Loan Document or the ability of the Secured
Parties to exercise the same. 
 6.2 Upon the occurrence and during the continuance of an Event of Default, all rights of each Pledgor to
exercise the voting and consensual rights and powers it is entitled to exercise pursuant to Section 6.1 shall cease, and all such rights shall thereupon become vested in the Lender, which shall have the sole and exclusive right and authority to
exercise such voting and consensual rights and powers; provided that the Lender shall have the right from time to time following and during the continuance of an Event of Default to permit the Pledgors to exercise such rights. After
all Events of Default have been cured or waived in writing by the Lender, each Pledgor will have the right to exercise the voting and consensual rights and powers that it would otherwise be entitled to exercise pursuant to the terms of
Section 6.1. 
 6.3 From and after the date hereof, all rights of each Pledgor to dividends or other cash distributions paid on the
Pledged Collateral shall cease, and all such rights shall thereupon become vested in the Lender, which shall have the sole and exclusive right and authority to receive and retain such dividends or other cash distributions. All dividends or other
cash distributions received by any Pledgor contrary to the provisions of this Section 6.3 shall be held in trust for the benefit of the Lender, shall be segregated from other property or funds of such Pledgor and shall be forthwith delivered to
a Dominion Account subject to a Deposit Account Control Agreement in accordance with the provisions of the Loan Agreement in the same form as so received (with any necessary endorsement). Any and all money and other property paid over to or received
by the Lender pursuant to the provisions of this Section 6.3 shall be applied in accordance with the provisions of Section 8. 

  
 -6- 

 6.4 All noncash dividends, and all dividends paid or payable in cash or otherwise in connection
with a partial or total liquidation or dissolution, return of capital, capital surplus or paid-in surplus, and all other distributions (other than dividends and distributions referred to in the preceding sentence) made on or in respect of the
Pledged Collateral, whether paid or payable in cash or otherwise, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the Issuer of any Pledged Securities or received in exchange for Pledged
Securities or any part thereof, or in redemption thereof, or as a result of any merger, amalgamation, arrangement, consolidation, acquisition or other exchange of assets to which such Issuer may be a party or otherwise, shall be and become part of
the Pledged Collateral, and, if received by any Pledgor, shall not be commingled by such Pledgor with any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust for the benefit of the Lender and shall
be forthwith delivered to the Lender, in the same form as so received (with any necessary endorsement). 
 SECTION 7 

Remedies upon Default 

Upon the occurrence and during the continuance of an Event of Default, it is agreed that the Lender shall have in any jurisdiction in which
enforcement hereof is sought, in addition to all other rights and remedies, the rights and remedies of a secured party under the UCC or other applicable law. The rights and remedies of the Lender shall include, without limitation, the right to take
any or all of the following actions at the same or different times: 
 7.1 The Lender may sell or otherwise dispose of all or any part of
the Pledged Collateral, at public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Lender shall deem appropriate. Each purchaser at any such sale shall hold the property
sold absolutely, free from any claim or right on the part of any Pledgor. 
 7.2 The Lender shall give the applicable Pledgor at least ten
(10) days’ prior written notice (unless the Pledged Collateral is perishable or threatens to decline speedily in value, or is of a type customarily sold on a recognized market (in which event the Lender shall give such Pledgor such advance
notice as may be practicable under the circumstances)), by authenticated record, of the Lender’s intention to make any sale of the Pledged Collateral. Such notice, (i) in the case of a public sale, shall state the date, time and place for
such sale, (ii) in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the Pledged Collateral, or portion thereof, will first be
offered for sale at such board or exchange, and (iii) in the case of a private sale, shall state the date after which any private sale or other disposition of the Pledged Collateral shall be made. Each Pledgor agrees that such written notice
shall satisfy all requirements for notice to such Pledgor which are imposed under the UCC with respect to the exercise of the Lender’s rights and 

  
 -7- 

 
remedies upon default. The Lender shall not be obligated to make any sale or other disposition of any Pledged Collateral if it shall determine not to do so, regardless of the fact that notice of
sale or other disposition of such Pledged Collateral shall have been given. The Lender may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place
fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. 
 7.3 Any
public sale shall be held at such time or times within ordinary business hours and at such place or places as the Lender may fix and state in the notice of such sale. 

7.4 At any public (or, to the extent permitted by applicable law, private) sale made pursuant to this Section 7, the Lender or any other
Secured Party may bid for or purchase, free (to the extent permitted by applicable law) from any right of redemption, stay, valuation or appraisal on the part of any Pledgor, the Pledged Collateral or any part thereof offered for sale and may make
payment on account thereof by using any claim then due and payable to the Lender or such other Secured Party from any Pledgor on account of the Obligations as a credit against the purchase price, and the Lender or such other Secured Party may, upon
compliance with the terms of sale, hold, retain and dispose of such property without further accountability to any Pledgor therefor. 
 7.5
For purposes hereof, a written agreement to purchase the Pledged Collateral or any portion thereof shall be treated as a sale thereof. The Lender shall be free to carry out such sale pursuant to such agreement and no Pledgor shall be entitled to the
return of the Pledged Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Lender shall have entered into such an agreement all Events of Default shall have been remedied and there has occurred a Full Payment of
the Obligations. 
 7.6 As an alternative to exercising the power of sale herein conferred upon it, the Lender may proceed by a suit or
suits at law or in equity to foreclose upon the Pledged Collateral and to sell the Pledged Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a
court-appointed receiver. 
 7.7 Each Pledgor recognizes that (a) the Lender may be unable to effect a public sale of all or a part of
the Pledged Collateral by reason of certain prohibitions contained in the Securities Act of 1933, 15 U.S.C. §77 (as amended and in effect, the “Securities Act”) or the Securities laws of various states (the “Blue Sky
Laws”), but may be compelled to resort to one or more private sales to a restricted group of purchasers who will be obliged to agree, among other things, to acquire the Pledged Collateral for their own account, for investment and not with a
view to the distribution or resale thereof, (b) that private sales so made may be at prices and upon other terms less favorable to the seller than if the Pledged Collateral were sold at public sales, (c) that neither the Lender nor any
other Secured Party has any obligation to delay sale of any of the Pledged Collateral for the period of time necessary to permit the Pledged Collateral to be registered for public sale under the Securities Act or the Blue Sky Laws, and (d) that
private sales made under the foregoing circumstances shall be deemed to have been made in a commercially reasonable manner. 

  
 -8- 

 7.8 To the extent permitted by applicable law, each Pledgor hereby waives all rights of
redemption, stay, valuation and appraisal which such Pledgor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. In dealing with or disposing of the Pledged Collateral or any part
thereof, neither the Lender nor any other Secured Party shall be required to give priority or preference to any item of Pledged Collateral or otherwise to marshal assets or to take possession or sell any Pledged Collateral with judicial process.

 SECTION 8 

Application of Proceeds of Sale 

After the occurrence and during the continuance of an Event of Default and acceleration of the Obligations, the Lender shall apply the
proceeds of any collection or sale of the Pledged Collateral, as well as any Pledged Collateral consisting of cash, to the Obligations at such times and in such manner as the Lender may determine in its sole discretion. 

Upon any sale or other disposition of the Pledged Collateral by the Lender (including pursuant to a power of sale granted by statute or under
a judicial proceeding), the receipt of the purchase money by the Lender or of the officer making the sale or other disposition shall be a sufficient discharge to the purchaser or purchasers of the Pledged Collateral so sold or otherwise disposed of
and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Lender or such officer or be answerable in any way for the misapplication thereof. 

SECTION 9 

Registration, Etc. 
 If
the Lender reasonably determines that it is necessary to sell any of the Pledged Securities at a public sale, each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default hereunder, such Pledgor will, at any time
and from time to time, upon the written request of the Lender, use commercially reasonable efforts to take or to cause the issuer of such Pledged Securities to take such action and prepare, distribute and/or file such documents, as are required or
advisable in the reasonable opinion of counsel for the Lender to permit the public sale of such Pledged Securities. Without limiting or duplicating any of its other indemnification obligations under the Loan Agreement or the other Loan Documents,
each Pledgor agrees to indemnify, defend and hold harmless the Lender, each other Secured Party, any underwriter, and their respective officers, directors, Affiliates and controlling Persons from and against all loss, liability, expenses, costs of
counsel (including the reasonable fees and expenses of legal counsel to the Lender), and claims (including the reasonable costs of investigation) that any of them may incur insofar as such loss, liability, expense or claim arises

  
 -9- 

 
out of, or is based upon, any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or
arises out of or is based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or
omission based upon information furnished in writing to such Pledgor or the issuer of such Pledged Securities by the Lender or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request referred to
above, to use commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Securities to qualify, file or register, any of the Pledged Securities under the Securities Act, Blue Sky Laws or other securities laws
of such states as may be requested by the Lender and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying out its obligations under this
Section 9. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 9 and that such failure would not be adequately compensable in damages, and therefore agrees that
its agreements contained in this Section 9 may be specifically enforced. 
 SECTION 10 

Further Assurances 
 Each
Pledgor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such further documents, financing statements, agreements and instruments and take all such further actions as the Lender may from time to time
reasonably request to better assure, preserve, protect and perfect the security interest in the Pledged Collateral granted pursuant to this Agreement and the rights and remedies created hereby or the validity or priority of such security interest,
including the payment of any fees and taxes required in connection with the execution and delivery of this Agreement, the granting of the security interest and the filing of any financing statements or other documents in connection herewith or
therewith. 
 SECTION 11 

Intent 
 This Agreement is
being executed and delivered by each Pledgor for the purpose of confirming the grant of the security interest of the Lender in the Pledged Collateral. It is intended that the security interest granted pursuant to this Agreement is granted as a
supplement to, and not in limitation of, the security interest granted to the Lender, for its own benefit and the benefit of the other Secured Parties, under the Loan Agreement. All provisions of the Loan Agreement (including, without limitation,
the rights, remedies, powers, privileges and discretions of the Lender thereunder) shall apply to the Pledged Collateral. In the event of a conflict between this Agreement and the Loan Agreement, the terms of this Agreement shall control with
respect to the Pledged Collateral and the terms of the Loan Agreement shall control with respect to all other Collateral. 

  
 -10- 

 SECTION 12 

Termination; Release of Pledged Collateral 

12.1 Any Lien upon any Pledged Collateral will be released automatically if the Pledged Collateral constitutes property being sold,
transferred or disposed of in disposition permitted pursuant to Section 9.2.6 of the Loan Agreement upon receipt by the Lender of the Net Proceeds thereof to the extent required by the Loan Agreement. Upon at least two (2) Business Days
prior written request by the applicable Pledgor, the Lender shall execute such documents as may be necessary to evidence the release of the Liens upon any Pledged Collateral described in this Section 12.1; provided,
however, that (i) the Lender shall not be required to execute any such document on terms which, in its reasonable opinion, would, under applicable law, expose the Lender to liability or entail any adverse consequence other than the
release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Obligations or any Liens (other than those expressly being released) upon (or obligations of any Pledgor in
respect of) all interests retained by any Pledgor, including, without limitation, the Net Proceeds of any sale, all of which shall continue to constitute part of the Pledged Collateral. 

12.2 Except for those provisions which expressly survive the termination thereof, and subject to Section 4.5 of the Loan Agreement, this
Agreement and the security interest granted herein shall terminate when there has occurred a Full Payment of the Obligations, at which time the Lender shall return all Pledged Collateral to the Pledgors and execute and deliver to the Pledgors, at
the Pledgors’ expense, all UCC termination statements, releases and similar documents that the Pledgors shall reasonably request to evidence such termination; provided, however, that (i) the Lender shall not be required to
execute any such document on terms which, in its reasonable opinion, would, under applicable law, expose the Lender to liability or entail any adverse consequence other than the release of such Liens without recourse or warranty, and (ii) the
Loan Agreement, this Agreement, and the security interest granted herein shall be reinstated if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by any Secured Party upon the bankruptcy or
reorganization of any Pledgor. Any execution and delivery of termination statements, releases or other documents pursuant to this Section 12.2 shall be without recourse to, or warranty by, the Lender or any other Secured Party. 

SECTION 13 

Governing Law 
 THIS
AGREEMENT AND ALL CLAIMS SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES EXCEPT FEDERAL LAWS RELATING TO NATIONAL BANKS. 

  
 -11- 

 SECTION 14 

Counterparts; Execution 

This Agreement may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall
constitute a single contract. This Agreement shall become effective when the Lender has received counterparts bearing the signatures of all parties hereto. Delivery of a signature page of this Agreement by telecopy or other electronic means shall be
effective as delivery of a manually executed counterpart of such agreement. Any electronic signature, contract formation on an electronic platform and electronic record-keeping shall have the same legal validity and enforceability as a manually
executed signature or use of a paper-based recordkeeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records
Act, or any similar state law based on the Uniform Electronic Transactions Act. 
 [SIGNATURE PAGES FOLLOW] 

  
 -12- 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

							
	GRANTORS:	 		 	REVOLUTION LIGHTING
		 		 	TECHNOLOGIES, INC.
				
		 		 	By:	 	 /s/ Charles J. Schafer

		 		 	Name:	 	 Charles J. Schafer

		 		 	Title:	 	 President, CFO, Secretary and Treasurer

			
		 		 	LUMIFICIENT CORPORATION
				
		 		 	By:	 	 /s/ Carey Burkett

		 		 	Name:	 	 Carey Burkett

		 		 	Title:	 	 President

			
		 		 	LIGHTING INTEGRATION
		 		 	TECHNOLOGIES, LLC
				
		 		 	By:	 	 /s/ Charles J. Schafer

		 		 	Name:	 	 Charles J. Schafer

		 		 	Title:	 	 President

			
		 		 	SEESMART TECHNOLOGIES, LLC
				
		 		 	By:	 	 /s/ Charles J. Schafer

		 		 	Name:	 	 Charles J. Schafer

		 		 	Title:	 	 President

			
		 		 	RELUME TECHNOLOGIES, INC.
				
		 		 	By:	 	 /s/ Charles J. Schafer

		 		 	Name:	 	 Charles J. Schafer

		 		 	Title:	 	 President, Secretary and Treasurer

			
		 		 	TRI-STATE LED DE, LLC
				
		 		 	By:	 	 /s/ Charles J. Schafer

		 		 	Name:	 	 Charles J. Schafer

		 		 	Title:	 	 President

 Signature Page to Pledge Agreement 

 
			
	VALUE LIGHTING, LLC
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President

	
	SEESMART, INC.
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President and Secretary

	
	SENTINEL SYSTEM, LLC
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President, Secretary and Treasurer

	
	VALUE LIGHTING OF HOUSTON, LLC
		 	By: Value Lighting, LLC
		 	Its Sole Member
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President

	
	ENVIROLIGHT LED, LLC
		 	By: Seesmart, Inc.,
		 	Its Sole Member
		
	By:	 	 /s/ Charles J. Schafer

	Name:	 	 Charles J. Schafer

	Title:	 	 President and Secretary

 Signature Page to Pledge Agreement 

							
	LENDER:	 		 	BANK OF AMERICA, N.A.
				
		 		 	By:	 	 /s/ Cynthia Stannard

		 		 	Name:	 	 Cynthia Stannard

		 		 	Title:	 	 Senior Vice President

 Signature Page to Pledge Agreement 

 SCHEDULE I 

Borrowers other than the Borrower Agent 

LUMIFICIENT CORPORATION 
 LIGHTING INTEGRATION TECHNOLOGIES, LLC

 SEESMART TECHNOLOGIES, LLC 
 RELUME TECHNOLOGIES, INC. 

TRI-STATE LED DE, LLC 
 VALUE LIGHTING, LLC 

 SCHEDULE II 

Guarantors 
 SEESMART, INC. 

SENTINEL SYSTEM, LLC 
 VALUE LIGHTING OF HOUSTON, LLC 

ENVIROLIGHT LED, LLC 

 SCHEDULE III 

Equity Interests 
 None of the
Issuers has any authorized, issued or outstanding shares of its Equity Interests or other Equity Interests of any class or any commitments to issue any shares of its capital stock or other Equity Interests of any class or any securities convertible
into or exchangeable for any shares of its Equity Interests of any class except as otherwise stated in this Schedule I. 
  

																	
	 Issuer
	  	 Record

Owner
	  	 Class of

Equity

Interests
	  	Number of
Equity
Interests
held by
Record
Owner	 	 	Number of
Issued and
Outstanding
Equity Interests	 	 	Percentage of
Equity
Interests held
by Record
Owner
(Rounded to
Nearest 1%)	 
	 Lumificient Corporation
	  	Revolution Lighting Technologies, Inc.	  	Common Stock	  	 	1,248,440	  	 	 	1,248,440	  	 	 	100	% 
	 Seesmart Technologies, LLC
	  	Revolution Lighting Technologies, Inc.	  	Membership Interests	  	 	100	% 	 	 	100	% 	 	 	100	% 
	 Lighting Integration Technologies, LLC
	  	Revolution Lighting Technologies, Inc.	  	Membership Interests	  	 	100	% 	 	 	100	% 	 	 	100	% 
	 Seesmart, Inc.
	  	Seesmart Technologies, LLC	  	Common Stock	  	 	8,703,587	  	 	 	8,703,587	  	 	 	100	% 
	 Envirolight LED, LLC
	  	Seesmart, Inc.	  	Units	  	 	7,000,000	  	 	 	7,000,000	  	 	 	100	% 
	 Relume Technologies, Inc.
	  	Revolution Lighting Technologies, Inc.	  	Common Stock	  	 	10,745,010	  	 	 	10,745,010	  	 	 	100	%1 
	 Relume Technologies, Inc.
	  	Revolution Lighting Technologies, Inc.	  	Class B Preferred Stock	  	 	2,888,052	  	 	 	2,888,052	  	 	 	100	% 

  

	1 	Excluding options. 

																	
	 Issuer
	  	 Record

Owner
	  	 Class of

Equity

Interests
	  	Number of
Equity
Interests
held by
Record
Owner	 	 	Number of
Issued and
Outstanding
Equity Interests	 	 	Percentage of
Equity
Interests held
by Record
Owner
(Rounded to
Nearest 1%)	 
	 Relume Technologies, Inc.
	  	Revolution Lighting Technologies, Inc.	  	Class C Convertible Preferred Stock	  	 	8,097,065	  	 	 	8,097,065	  	 	 	100	% 
	 Relume Technologies, Inc.
	  	Revolution Lighting Technologies, Inc.	  	Class D Convertible Preferred Stock	  	 	34,677,116	  	 	 	34,677,116	  	 	 	100	% 
	 Sentinel System, LLC
	  	Relume Technologies, Inc.	  	Units	  	 	100	  	 	 	100	  	 	 	100	% 
	 Tri-State LED DE, LLC
	  	Revolution Lighting Technologies, Inc.	  	Units	  	 	1,000	  	 	 	1,000	  	 	 	100	% 
	 Value Lighting, LLC
	  	Revolution Lighting Technologies, Inc.	  	Membership Interests	  	 	100	% 	 	 	100	% 	 	 	100	% 
	 Value Lighting of Houston, LLC
	  	Value Lighting, LLC	  	Membership Interests	  	 	100	% 	 	 	100	% 	 	 	100	%

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