Document:

Exhibit 10.21

 

EXECUTION COPY

 

AMENDMENT NO. 1

TO

FIRST LIEN GUARANTEE AND SECURITY AGREEMENT

 

This
AMENDMENT NO. 1 TO FIRST LIEN GUARANTEE AND SECURITY AGREEMENT (this “Amendment”),
dated as of November 12, 2009, is entered into by and among CSSW HOLDINGS,
LLC (“CSSW Parent”), CSSW, LLC (“Borrower”, together with CSSW
Parent, the “Grantors”, and each individually, a “Grantor”),
PIP3PX FIRSTWIND DEBT LTD. and PIP3GV FIRSTWIND DEBT LTD. (together, the “Majority
Lenders”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as collateral agent (“Collateral
Agent”).

 

RECITALS

 

WHEREAS,
Grantors and Collateral Agent have entered into that certain First Lien
Guarantee and Security Agreement (the “Guarantee and Security Agreement”),
dated as of July 17, 2009, for the benefit of the Majority Lenders and the
banks and other financial institutions or entities from time to time party to
that certain Credit Agreement, dated as of July 17, 2009, among the
Grantors, the Lenders from time to time party thereto, and Wells Fargo Bank,
National Association, in its separate capacities as Administrative Agent and
Collateral Agent; and

 

WHEREAS,
Grantors, the Majority Lenders and Collateral Agent desire to amend the
description of Pledged Stock in the Guarantee and Security Agreement.

 

NOW,
THEREFORE, in consideration of the foregoing and mutual agreements herein
contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound hereby, agree as follows:

 

AGREEMENT

 

Section 1.                                            Definitions.  Capitalized terms used and not otherwise
defined in this Amendment shall have the meanings assigned to such terms in the
Guarantee and Security Agreement and the principles of interpretation set forth
therein shall apply herein.

 

Section 2.                                            Amendment to
Guarantee and Security Agreement.

 

(a)                                  Schedule 1 is hereby deleted and replaced
in its entirety with Schedule 1 attached hereto.

 

(b)                                 Schedule 5 is hereby deleted and replaced
in its entirety with Schedule 5 attached hereto.

 

Section 3.                                            Miscellaneous.

 

(a)                          This Amendment shall become effective as
of the date hereof.  Except as expressly
set forth herein, the Guarantee and Security Agreement as specifically amended
by this 

 

 

Amendment shall remain
unchanged and in full force and effect and is hereby ratified and confirmed.

 

(b)                         This Amendment shall be governed by and
construed in accordance with the laws of the State of New York.

 

(c)                          This Amendment may be executed in one or
more counterparts, each of which shall be deemed an original but all of which
shall constitute one and the same instrument.

 

[Signature Pages Follow]

 

2

 

IN WITNESS WHEREOF, the parties have caused this
Amendment to be duly executed and delivered as of the day and year first above
written.

 

	
   

  	
  GRANTORS:

  
	
   

  	
   

  	
   

  
	
   

  	
  CSSW
  HOLDINGS, LLC

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Evelyn Lim

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CSSW,
  LLC

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Evelyn Lim

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  

 

SIGNATURE
PAGE TO AMENDMENT NO. 1 TO FIRST LIEN

GUARANTY
AND SECURITY AGREEMENT

 

 

	
  MAJORITY
  LENDERS:

  	
   

  
	
   

  	
   

  
	
  PIP3PX
  FIRSTWIND DEBT LTD.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  PIP3GV
  FIRSTWIND DEBT LTD.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

SIGNATURE
PAGE TO AMENDMENT NO. 1 TO FIRST LIEN

GUARANTY
AND SECURITY AGREEMENT

 

 

	
  COLLATERAL
  AGENT:

  	
   

  
	
   

  	
   

  
	
  WELLS
  FARGO BANK, NATIONAL ASSOCIATION

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

SIGNATURE
PAGE TO AMENDMENT NO. 1 TO FIRST LIEN

GUARANTY
AND SECURITY AGREEMENT

 

 

Schedule 1

 

DESCRIPTION OF INVESTMENT PROPERTY

 

Pledged
Stock:

 

	
  Issuer

  	
   

  	
  Class of Stock

  	
   

  	
  Stock Certificate No.

  	
   

  	
  No. of Shares

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CSSW, LLC

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  100% of membership interests

  
	
  New York Wind III, LLC

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  100% of membership interests

  
	
  Stetson Holdings, LLC

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  100% of membership interests

  
	
  CSSW Cohocton Holdings, LLC

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  100% of membership interests

  

 

Pledged Notes:

 

None.

 

AMENDMENT NO. 1 TO FIRST
LIEN

GUARANTY AND SECURITY
AGREEMENT

 

 

Schedule 5

 

NOTICE OF ADDRESSES OF
GUARANTORS

 

c/o First Wind Energy,
LLC

179 Lincoln Street, Suite 500

Boston, MA 02111

 

AMENDMENT NO. 1 TO FIRST LIEN

GUARANTY AND SECURITY
AGREEMENTExhibit 10.22

 

AMENDMENT NO. 2

TO

FIRST LIEN GUARANTEE AND SECURITY AGREEMENT

 

This
AMENDMENT NO. 2 TO FIRST LIEN GUARANTEE AND SECURITY AGREEMENT (this “Amendment”),
dated as of December 22, 2009, is entered into by and among CSSW HOLDINGS,
LLC (“CSSW Parent”), CSSW, LLC (“Borrower”, together with CSSW
Parent, the “Grantors”, and each individually, a “Grantor”),
PIP3PX FIRSTWIND DEBT LTD. and PIP3GV FIRSTWIND DEBT LTD. (together, the “Majority
Lenders”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as collateral agent (“Collateral
Agent”).

 

RECITALS

 

WHEREAS,
Grantors and Collateral Agent have entered into that certain First Lien
Guarantee and Security Agreement (the “Guarantee and Security Agreement”),
dated as of July 17, 2009, as amended as of November 12, 2009, for
the benefit of the Majority Lenders and the banks and other financial
institutions or entities from time to time party to that certain Credit
Agreement, dated as of July 17, 2009, as amended as of September 16,
2009, as amended and restated as of December 22, 2009 (the “Credit
Agreement”) among the Grantors, the Lenders from time to time party
thereto, and Wells Fargo Bank, National Association, in its separate capacities
as Administrative Agent and Collateral Agent; and

 

WHEREAS,
Grantors, the Majority Lenders and Collateral Agent desire to amend the
description of Pledged Stock in the Guarantee and Security Agreement and effect
certain other amendments.

 

NOW,
THEREFORE, in consideration of the foregoing and mutual agreements herein
contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound hereby, agree as follows:

 

SECTION 1.1.        Defined Terms. Capitalized terms
used and not otherwise defined in this Amendment shall have the meanings
assigned to such terms in the Guarantee and Security Agreement and the
principles of interpretation set forth therein shall apply herein.

 

SECTION 1.2.        Amendments to Guarantee and Security
Agreement.

 

(a)           Section 2.1(d) of
the Guarantee and Security Agreement is hereby amended by (i) deleting the
word “and” after the words “Initial Term Loan Commitment” and inserting “,” in
lieu thereof and (ii) inserting the words “and Stetson II Term Loan
Commitment” after the words “Subsequent Term Loan Commitment”.

 

(b)           Section 2.1(e) 
of the Guarantee and Security Agreement is hereby amended by (i) deleting
the word “and” after the words “Initial Term Loan Commitment” and inserting “,”
in lieu thereof and (ii) inserting the words “and Stetson II Term Loan
Commitment” after the words “Subsequent Term Loan Commitment”.

 

 

(c)           Section 2.3  of the Guarantee and Security Agreement is
hereby amended by (i) deleting the word “and” after the words “Initial
Term Loan Commitment” and inserting “,” in lieu thereof and (ii) inserting
the words “and Stetson II Term Loan Commitment” after the words “Subsequent
Term Loan Commitment”.

 

(d)           The introductory paragraph to Section 5
of the Guarantee and Security Agreement is hereby amended by (i) deleting
the word “and” after the words “Initial Term Loan Commitment” and inserting “,”
in lieu thereof and (ii) inserting the words “and Stetson II Term Loan
Commitment” after the words “Subsequent Term Loan Commitment”.

 

SECTION 1.3.        Amendment to Schedule 1 of the
Guarantee and Security Agreement. Schedule 1 of the Guarantee and Security
Agreement is hereby deleted and replaced in its entirety with Schedule 1
attached hereto.

 

SECTION 1.4.        Conditions to Effectiveness. This
Amendment shall become effective as of the day set forth above (the “Amendment
Effective Date”) on the date that all of the following conditions are
satisfied: (i) the Collateral Agent (or its counsel) shall have received
from the Grantors and the Majority Lenders counterparts of this Amendment (or a
copy thereof by facsimile or “pdf” transmission) signed on behalf of each such
party and (ii) the Credit Agreement shall have been amended and restated
and entered into by the parties required to execute such agreement. Except as
expressly set forth herein, the Guarantee and Security Agreement, as
specifically amended by this Amendment, shall remain unchanged and in full
force and effect and is hereby ratified and confirmed.

 

SECTION 1.5.        Governing Law; Counterparts.

 

(a)           This Amendment and the rights and
obligations of the parties hereunder shall be governed by, and construed and
enforced in accordance with, the laws of the State of New York.

 

(b)           This Amendment may be executed in any
number of counterparts, each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one
and the same instrument. This Amendment may be delivered by facsimile or “pdf”
transmission of the relevant signature pages thereof.

 

[SIGNATURE PAGE FOLLOWS]

 

 

IN WITNESS WHEREOF, the
parties have caused this Amendment to be duly executed and delivered as of the
day and year first above written.

 

	
   

  	
   

  
	
   

  	
  GRANTORS:

  
	
   

  	
   

  
	
   

  	
  CSSW
  HOLDINGS, LLC

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Evelyn Lim

  
	
   

  	
   

  	
  Name:
  Evelyn Lim

  
	
   

  	
   

  	
  Title:
  Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CSSW,
  LLC

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Evelyn Lim

  
	
   

  	
   

  	
  Name:
  Evelyn Lim

  
	
   

  	
   

  	
  Title:
  Secretary

  
	
   

  	
   

  

 

SIGNATURE PAGE TO AMENDMENT NO. 2 TO FIRST LIEN

GUARANTEE AND SECURITY AGREEMENT

 

 

	
  MAJORITY
  LENDERS:

  	
   

  
	
   

  	
   

  
	
  PIP3PX
  FIRSTWIND DEBT LTD.

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/
  Ben Hawkins

  	
   

  
	
   

  	
  Name:
  Ben Hawkins

  	
   

  
	
   

  	
  Title:
  Principal, Infrastructure Investments

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  PIP3GV
  FIRSTWIND DEBT LTD.

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Ben Hawkins

  	
   

  
	
   

  	
  Name:
  Ben Hawkins

  	
   

  
	
   

  	
  Title:
  Principal, Infrastructure Investments

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  

 

SIGNATURE PAGE TO AMENDMENT NO. 2 TO FIRST LIEN

GUARANTEE AND SECURITY AGREEMENT

 

 

COLLATERAL AGENT:

 

WELLS FARGO BANK, NATIONAL
ASSOCIATION

 

	
  By:

  	
  /s/
  Michael Pinzon

  	
   

  
	
   

  	
  Name:
  Michael Pinzon

  	
   

  
	
   

  	
  Title:
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  

 

SIGNATURE PAGE TO AMENDMENT NO. 2 TO FIRST LIEN

GUARANTEE AND SECURITY AGREEMENT

 

 

Schedule 1

 

DESCRIPTION OF INVESTMENT PROPERTY

 

Pledged
Stock:

 

	
  Issuer

  	
   

  	
  Class of Stock

  	
   

  	
  Stock Certificate No.

  	
   

  	
  No. of Shares

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CSSW, LLC

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  100% of membership interests

  	
   

  
	
  New York Wind III, LLC

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  100% of membership interests

  	
   

  
	
  CSSW Stetson Holdings, LLC

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  100% of membership interests

  	
   

  
	
  CSSW Cohocton Holdings, LLC

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  100% of membership interests

  	
   

  

 

Pledged
Notes:

 

None.

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