BRUCE R. LEDESMA AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • January 17th, 2007 • Sunpower Corp • Semiconductors & related devices • California
This Agreement amends and restates the employment agreement entered into as of November 1, 2005 (the “Effective Date”) by and between PowerLight Corporation, a California corporation (the “Company”) and Bruce R. Ledesma (“Executive”) to reflect the proposed acquisition of the Company by SunPower Corporation, a Delaware corporation (“SunPower”) and merger (the “Merger”) of the Company with and into Pluto Acquisition Corporation LLC, a Delaware LLC (“PowerLight LLC”) pursuant to the Agreement and Plan of Merger dated November 15, 2006 among the Company, SunPower, PowerLight LLC and Thomas L. Dinwoodie as Shareholders’ Representative. This Agreement as amended and restated shall be effective as of one business day following the date the Merger is consummated (the “Amendment Date”), and if the Merger does not occur such amendments shall be without effect. After the Amendment Date, all references to the Company shall be to PowerLight LLC.
FORM OF EQUITY RESTRICTION AGREEMENTEquity Restriction Agreement • January 17th, 2007 • Sunpower Corp • Semiconductors & related devices • California
This EQUITY RESTRICTION AGREEMENT (this “Agreement”) is made as of November •, 2006, by and between SunPower Corporation, a Delaware corporation (“Parent”), and • (“Equity Holder”). Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to them in the Merger Agreement (as defined below).
