FIRST AMENDMENT TO DEVELOPMENT, EPC AND PURCHASE AGREEMENT
Exhibit 10.10
Execution Version
FIRST AMENDMENT TO
DEVELOPMENT, EPC AND PURCHASE AGREEMENT
This FIRST AMENDMENT TO DEVELOPMENT, EPC AND PURCHASE AGREEMENT (this “First Amendment”) is dated as of April 15, 2015 by and among Vivint Solar Developer, LLC, a Delaware limited liability company (“VSD”), Vivint Solar Holdings, Inc., a Delaware corporation (“VSHI”, together with VSD, the “Sellers” and each a “Seller”), and Vivint Solar Xxxxxxx Project Company, LLC, a Delaware limited liability company (“Purchaser”).
RECITALS
WHEREAS, Sellers and Purchaser are each a party to that certain Development, EPC and Purchase Agreement dated as of February 13, 2014 (the “Agreement”). Initially capitalized terms used but not otherwise defined herein shall have the meaning set forth in the Agreement.
WHEREAS, the Parties desire to amend the Agreement as set forth herein to modify certain provisions within the Agreement.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing, of mutual promises of the parties hereto and of other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the Parties hereby agree as follows:
1. |
The following defined term in Section 1.1 of the Agreement is hereby deleted in its entirety and the following new definition is inserted in its stead, to read as follows: |
“Completion Deadline” means October 31, 2015.
2. |
Schedule 13 of the Agreement is hereby deleted in its entirety and the exhibit attached hereto as Exhibit A is inserted in its stead. |
a. |
Ratification of Agreement. All other terms and conditions of the Agreement remain in full force and effect unless amended by the foregoing changes or any additional amendments made in a writing executed by all of the parties hereto. In the event of a conflict or ambiguity between this First Amendment and the Agreement, this First Amendment will control. |
c. |
Governing Law. This First Amendment shall be construed and enforced in accordance with the laws of the State of New York. |
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Execution Version
f. |
Entire Agreement. This First Amendment, the Agreement and the documents referred to herein and therein (including the schedules and exhibits attached hereto and thereto) set forth all (and are intended by all parties to be an integration of all) of the representations, promises, agreements and understandings among the parties hereto with respect to the subject matter herein and therein, and there are no representations, promises, agreements or understandings, oral or written, express or implied, among them other than as set forth or incorporated herein or therein. |
[signature pages follow]
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IN WITNESS WHEREOF, the parties have set their signatures to this First Amendment to Development, EPC and Purchase Agreement as of the date first written above.
SELLERS:
VIVINT SOLAR DEVELOPER, LLC,
a Delaware limited liability company
By: /s/ Xxxxxx Xxxxxxxxx
Name: Xxxxxx Xxxxxxxxx
Title: Executive Vice President of Capital Markets
VIVINT SOLAR HOLDINGS, INC.,
a Delaware corporation
By: /s/ Xxxxxx Xxxxxxxxx
Name: Xxxxxx Xxxxxxxxx
Title: Executive Vice President of Capital Markets
PURCHASER:
VIVINT SOLAR XXXXXXX PROJECT COMPANY, LLC,
a Delaware limited liability company
By: /s/ Xxxxxx Xxxxxxxxx
Name: Xxxxxx Xxxxxxxxx
Title: Executive Vice President of Capital Markets
Acknowledged, Agreed and Consented to by the Members of Purchaser:
VIVINT SOLAR XXXXXXX MANAGER, LLC,
a Delaware limited liability company
By: /s/ Xxxxxx Xxxxxxxxx
Name: Xxxxxx Xxxxxxxxx
Title: Executive Vice President of Capital Markets
[one signature page follows]
Signature Page to First Amendment to Development, EPC and Purchase Agreement
BLACKSTONE HOLDINGS I L.P.
a Delaware limited partnership
By: Blackstone Holdings I/II GP Inc.,
its General Partner
By: /s/ Xxxxxxxx X Xxxx
Name: Xxxxxxxx X. Xxxx
Title: Chief Financial Officer
Signature Page to First Amendment to Development, EPC and Purchase Agreement
Exhibit A
To First Amendment to Development, EPC and Purchase Agreement
Schedule 13
Approved Suppliers
Racking
· |
Zep Solar, Inc. |
· |
Mounting Solutions |
· |
Ecofasten |
· |
Ecolibrium |
Inverters
· |
Enphase Energy, Inc. |
· |
SMA |
· |
SolarEdge |
Panels
· |
Canadian Solar, Inc. |
· |
Yingli Green Energy Americas, Inc. |
· |
Xxxxx Solar (U.S.), Inc. |
· |
SolarWorld |
· |
ReneSola Ltd. |
· |
Suniva |
· |
Upsolar |
Exhibit A to First Amendment to Development, EPC and Purchase Agreement