FORM OF RIGHTS SUBSCRIPTION AGENT AGREEMENT
Exhibit 99.6
THIS RIGHTS SUBSCRIPTION AGENT AGREEMENT (this “Agreement”) between Energy Focus, Inc., a
Delaware corporation (the “Company”), and The Bank of New York Mellon, a New York State chartered
bank (“Agent”), is dated as of ___.
1. Appointment.
(a) The Company is making an offer (the “Subscription Offer”) to issue to the holders of
record of its outstanding shares of Common Stock, par value $0.0001 per share (the “Common Stock”),
at the close of business on ___ (the “Record Date”), the right to subscribe for and
purchase (each a “Right”) shares of Common Stock (the “Additional Common Stock”) at a purchase
price of $___ per share of Additional Common Stock (the “Subscription Price”), payable by
cashier’s check, certified check, valid money order, or wire transfer, upon the terms and
conditions set forth herein. The term “Subscribed” shall mean submitted for purchase from the
Company by a stockholder in accordance with the terms of the Subscription Offer, and the term
“Subscription” shall mean any such submission. The Company hereby appoints Agent to act as
subscription agent in connection with the Subscription Offer and Agent hereby accepts such
appointment in accordance with and subject to the terms and conditions of this Agreement.
(b) The Subscription Offer will expire at ___, Eastern Time, on ___
(the “Expiration Time”), unless the Company shall have extended the period of time for which the
Subscription Offer is open, in which event the term “Expiration Time” shall mean the latest time
and date at which the Subscription Offer, as so extended by the Company from time to time, shall
expire.
(c) The Company filed a Registration Statement relating to the Additional Common Stock with
the Securities and Exchange Commission under the Securities Act of 1933, as amended, on
___, and such Registration Statement was declared effective on ___. The terms
of the Additional Common Stock are more fully described in the Prospectus forming part of the
Registration Statement as it was declared effective. All terms used and not defined herein shall
have the same meaning as in the Prospectus.
(d) Promptly after the Record Date, the Company will furnish Agent with, or cause to be
furnished to Agent, a certified list, in a format acceptable to Agent, of holders of Common Stock
as of the Record Date, including each such holder’s name, address, taxpayer identification number,
share amount and any certificate detail (the “Record Stockholders List”).
2. Subscription of Rights.
(a) The Rights entitle the holders to subscribe, upon payment of the Subscription Price, for
shares of Additional Common Stock at the rate of one share for each Right (the “Basic Subscription
Privilege”). No fractional shares will be issued, but the Subscription Offer includes
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a step-up privilege entitling the holder of fewer than ___ Rights, or a total number of Rights not
evenly divisible by , if such holder fully exercises its Rights, to subscribe and
pay the Subscription Price for one full share of Additional Common Stock in lieu of a fractional
share without furnishing any additional Rights (the “Step-up Privilege”).
(b) If subscribing shareholders who exercise their Rights in full are entitled to exercise an
oversubscription right, then the Company shall provide Agent with instructions regarding the
allocation to such shareholders of Additional Common Stock after the initial allocation thereof.
3. Duties of Subscription Agent.
(a) Agent shall issue the Rights in accordance with this Agreement in the names of the holders
of the Common Stock of record on the Record Date, keep such records as are necessary for the
purpose of recording such issuance, and furnish a copy of such records to the Company.
(b) Promptly after Agent receives the Record Stockholders List, Agent shall:
(i) mail or cause to be mailed, by first class mail, to each holder of Common Stock of
record on the Record Date whose address of record is within the United States and Canada,
(i) a subscription form with respect to the Rights to which such stockholder is entitled
under the Subscription Offer (the “Subscription Form”), a form of which is attached hereto
as Exhibit A, (ii) a copy of the Prospectus, (iii) a set of Instructions, (iv) Notice of
Guaranteed Delivery, and (iv) a return envelope addressed to the Agent; and
(ii) mail or cause to be mailed, by courier, to each holder of Common Stock of record
on the Record Date whose address of record is outside the United States and Canada, or is an
A.P.O. or F.P.O. address, a copy of the Prospectus. Agent shall refrain from mailing
Subscription Forms to any holder of Common Stock of record on the Record Date whose address
of record is outside the United States and Canada, or is an A.P.O. or F.P.O. address, and
hold such Subscription Forms for the account of such stockholder subject to such stockholder
making satisfactory arrangements with the Agent for the exercise or other disposition of the
Rights described therein, and follow the instructions of such stockholder for the exercise,
sale or other disposition of such Rights if such instructions are received at or before
11:00 a.m., Eastern Time, on ___.
(c) Upon request, Agent shall mail or deliver a copy of the Prospectus (i) to each assignee or
transferee of Rights upon receiving appropriate documents to register the assignment or transfer
thereof and (ii) with shares of Additional Common Stock when such are issued to persons other than
the registered holder of the Rights.
(d) Agent shall accept Subscriptions upon the due exercise of Rights (including payment of the
Subscription Price) on or prior to the Expiration Time in accordance with the Subscription Form, or
payment within three (3) business days of the Expiration Time if the Subscription is accompanied by
a proper Notice of Guaranteed Delivery.
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(e) Agent shall accept Subscriptions, without further authorization or direction from the
Company, without procuring supporting legal papers or other proof of authority to sign (including
without limitation proof of appointment of a fiduciary or other person acting in a representative
capacity), and without signatures of co-fiduciaries, co-representatives or any other person:
(i) if the Right is registered in the name of a fiduciary and the Subscription Form is
executed by such fiduciary, provided the Additional Common Stock is to be issued in the name
of such fiduciary;
(ii) if the Right is registered in the name of joint tenants and the Subscription Form
is executed by one of the joint tenants, provided the Additional Common Stock is to be
issued in the names of such joint tenants; or
(iii) if the Right is registered in the name of a corporation and the Subscription Form
is executed by a person in a manner which appears or purports to be done in the capacity of
an officer or agent thereof, provided the Additional Common Stock is to be issued in the
name of such corporation.
(f) Agent shall refer to the Company for specific instructions as to acceptance or rejection
all Subscriptions received after the Expiration Time, but not including Subscriptions accompanied
by a proper Notice of Guaranteed Delivery where payment of the Subscription Price is received
within three (3) business days after the Expiration Time, Subscriptions not authorized to be
accepted pursuant to this Section 3 and Subscriptions otherwise failing to comply with the terms
and conditions of the Subscription Form.
4. Acceptance of Subscriptions.
(a) Upon acceptance of a Subscription, Agent shall hold all monies received in a special
account for the benefit of the Company. Promptly following the Expiration Time, Agent shall
distribute to the Company the funds in such account. Agent will not be obligated to calculate or
pay interest to any holder or any other party claiming through a holder or otherwise.
(b) Following the first occurrence of Subscription activity, on each business day, or more
frequently if reasonably requested as to major tally figures, forward a report by email to
[___] (the “Company Representative”) as to the following information, based upon a
preliminary review (and at all times subject to final determination by the Company) as of the close
of business on the preceding business day or the most recent practicable time prior to such
request, as the case may be: (i) the total number of shares of Additional Common Stock Subscribed
for; (ii) the total number of Rights sold; (iii) the total number of Rights partially Subscribed
for; (iv) the amount of funds received; and (v) the cumulative totals in categories (i) through
(iv) above.
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(c) As promptly as possible on the first and fourth full business days following the
Expiration Time, advise the Company Representative by email of (i) the number of shares of
Additional Common Stock Subscribed for, (ii) the number of shares of Additional Common Stock
unsubscribed for, and the name of the subscriber.
5. Completion of Subscription Offer.
(a) Upon completion of the Subscription Offer, Agent shall request the transfer agent for the
Common Stock to issue the appropriate number of shares of Additional Common Stock as required in
order to effectuate the Subscriptions; provided, however, that the Agent shall follow the
instructions of the Company Representative, given to the Agent in writing within five (5) business
days of the Expiration Time, as to any Subscription which the Company Representative informs the
Agent may belong to a shareholder that beneficially owns fifteen percent (15 %) or more of the
Company’s Common Stock.
(b) The Rights shall be issued in registered, book-entry form only. Agent shall keep books
and records of the registration, transfer and exchange of Rights (the “Rights Register”).
(c) All Rights issued upon any registration of transfer or exchange of Rights shall be the
valid obligations of the Company, evidencing the same obligations and entitled to the same benefits
under this Agreement as the Rights surrendered for such registration of transfer or exchange;
provided that, until such transfer or exchange is registered in the Rights register, the Company
and Agent may treat the registered holder thereof as the owner for all purposes.
(d) For so long as this Agreement shall be in effect, the Company will reserve for issuance
and keep available free from pre-emptive rights a sufficient number of shares of Additional Common
Stock to permit the exercise in full of all Rights issued pursuant to the Subscription Offer.
(e) The Company shall take any and all action, including without limitation obtaining the
authorization, consent, lack of objection, registration or approval of any governmental authority,
or the taking of any other action under the laws of the United States of America or any political
subdivision thereof, to insure that all shares of Additional Common Stock issuable upon the
exercise of the Rights (subject to payment of the Subscription Price) will be duly and validly
issued and fully paid and non-assessable shares of Common Stock, free from all pre-emptive rights
and taxes, liens, charges and security interests created by or imposed upon the Company with
respect thereto.
(f) The Company shall from time to time take all action necessary or appropriate to obtain and
keep effective all registrations, permits, consents and approvals of the Securities and Exchange
Commission and any other governmental agency or authority and make such filings under Federal and
state laws which may be necessary or appropriate in connection with the issuance, sale, transfer
and delivery of Rights or Additional Common Stock issued upon exercise of Rights.
6. Duties as Information Agent. The Company hereby appoints Agent to act as information agent in
connection with the Subscription Offer and Agent hereby accepts such appointment in accordance with
and subject to the terms and conditions of this Agreement. In its capacity as
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information agent, Agent shall (if required): assist in the coordination of all
printing activities and advertisement placement; establish contacts with brokers, dealers, banks
and other nominees on the Company’s behalf; determine material requirements and assist in document
review; facilitate the distribution of materials to registered and beneficial owners and to other
interested parties; provide a dedicated toll-free line for all shareholder queries; provide status
reporting to Company management; and facilitate payment of all broker-forwarding invoices, subject
to collection from the Company of monies for this purpose.
7. Procedure for Discrepancies. Agent shall follow its regular procedures to attempt to reconcile
any discrepancies between the number of shares of Additional Common Stock that any Subscription
Form may indicate are to be issued to a stockholder upon exercise of its Rights and the number that
the Record Stockholders List indicates may be issued to such stockholder. In any instance where
Agent cannot reconcile such discrepancies by following such procedures, Agent will consult with the
Company for instructions as to the number of shares of Additional Common Stock, if any, Agent is
authorized to issue. In the absence of such instructions, Agent is authorized not to issue any
shares of Additional Common Stock to such stockholder and will return to the subscribing
stockholder (at Agent’s option by either first class mail under a blanket surety bond or insurance
protecting Agent and the Company from losses or liabilities arising out of the non-receipt or
non-delivery of the Subscription Form or by registered mail insured separately for the value of the
applicable Rights) to such stockholder’s address as set forth in the Subscription Form, any
Subscription Form delivered to Agent, any other documents delivered therewith and a letter
explaining the reason for the return of such documents.
8. Procedure for Deficient Items.
(a) Agent shall examine the Subscription Forms received by it as agent to ascertain whether
they appear to have been completed and executed in accordance with the Subscription Offer. In the
event Agent determines that any Subscription Form does not appear to have been properly completed
or executed, or to be in proper form, or any other deficiency in connection with the Subscription
Form appears to exist, Agent shall follow, where possible, its regular procedures to attempt to
cause such irregularity to be corrected. Agent is not authorized to waive any deficiency in
connection with the Subscription, unless the Company provides written authorization to waive such
deficiency.
(b) If a Subscription Form specifies that shares of Additional Common Stock are to be issued
to a person other than the person in whose name a surrendered Right is registered, Agent will not
issue such shares until such Subscription Form has been properly endorsed with the signature
guaranteed (or otherwise put in proper form for transfer).
(c) If any such deficiency is neither corrected nor waived, Agent will return to the
subscribing stockholder (at Agent’s option by either first class mail under a blanket surety bond
or insurance protecting Agent and the Company from losses or liabilities arising out of the
non-receipt or non-delivery of the Subscription Form or by registered mail insured separately for
the value of the applicable Rights) to such stockholder’s address as set forth in the Subscription
Form, any Subscription Form delivered to Agent, any other documents delivered therewith and a
letter explaining the reason for the return of such documents.
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9. Instructions. Any instructions given to Agent orally, as permitted by any provision of this
Agreement, shall be confirmed in writing by the Company as soon as practicable. Agent shall not be
liable or responsible and shall be fully authorized and protected for acting, or failing to act, in
accordance with any oral instructions that do not conform with the written confirmation received in
accordance with this section.
10. Date/Time Stamp. Each document received by Agent relating to its duties hereunder shall be
dated and time stamped when received.
11. Tax Reporting. Should any issue arise regarding federal income tax reporting or withholding,
Agent shall take such reasonable action as the Company may reasonably request in writing. Such
action may be subject to additional fees.
12. Authorizations and Protections. As agent for the Company hereunder Agent:
(a) shall have no duties or obligations other than those specifically set forth herein or as
may subsequently be agreed to in writing by Agent and the Company;
(b) shall have no obligation to issue any shares of Additional Common Stock unless the Company
shall have provided a sufficient number of shares of Additional Common Stock;
(c) shall be regarded as making no representations and having no responsibilities as to the
validity, sufficiency, value, or genuineness of any Rights surrendered to Agent hereunder or shares
of Additional Common Stock issued in exchange therefor, and will not be required to or be
responsible for and will make no representations as to the validity, sufficiency, value or
genuineness of the Subscription Offer;
(d) shall not be obligated to take any legal action hereunder; if, however, Agent determines
to take any legal action hereunder, and where the taking of such action might, in Agent’s judgment,
subject or expose it to any expense or liability, Agent shall not be required to act unless it
shall have been furnished with an indemnity satisfactory to it;
(e) may rely on, and shall be fully authorized and protected in acting or failing to act upon
any certificate, instrument, opinion, notice, letter, telegram, telex, facsimile transmission or
other document or security delivered to Agent and believed by Agent to be genuine and to have been
signed by the proper party or parties;
(f) shall not be liable or responsible for any recital or statement contained in the
Prospectus or any other documents relating thereto;
(g) shall not be liable or responsible for any failure of the Company or any other party to
comply with any of its covenants and obligations relating to the Subscription Offer, including
without limitation obligations under applicable securities laws;
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(h) may rely on and shall be fully authorized and protected in acting or failing to act upon
(i) the written, telephonic, electronic or oral instructions of any authorized representative of
the Company with respect to any matter relating to Agent acting pursuant to this Agreement; (ii)
any guaranty of signature by an “eligible guarantor institution” that is a member or participant in
the Securities Transfer Agents Medallion Program, or other comparable “signature guarantee program”
or insurance program in addition to, or in substitution for, the foregoing; or (iii) any law, act,
regulation or any interpretation of the same even though such law, act, or regulation may
thereafter have been altered, changed, amended or repealed;
(i) may consult counsel satisfactory to Agent (including internal counsel), and the advice of
such counsel shall be full and complete authorization and protection in respect of any action
taken, suffered, or omitted by Agent hereunder in good faith and in reliance upon the advice of
such counsel;
(j) may perform any of its duties hereunder either directly or by or through agents or
attorneys and Agent shall not be liable or responsible for any misconduct or negligence on the part
of any agent or attorney appointed with reasonable care hereunder; and
(k) is not authorized, and shall have no obligation, to pay any brokers, dealers or soliciting
fees to any person.
13. Indemnification. The Company shall indemnify Agent for, and hold Agent harmless from and
against, any loss, liability, claim (whether with or without basis in fact or law), demand, cost or
expense (collectively, “Loss”) arising out of or in connection with Agent’s duties under this
Agreement or this appointment, including the costs and expenses of defending itself against any
Loss or enforcing this Agreement, except to the extent that such Loss shall have been determined by
a court of competent jurisdiction to be a result of Agent’s gross negligence or intentional
misconduct.
14. Limitation of Liability.
(a) In the absence of gross negligence or intentional misconduct on its part, Agent shall not
be liable for any action taken, suffered, or omitted by it or for any error of judgment made by it
in the performance of its duties under this Agreement. Anything in this Agreement to the contrary
notwithstanding, in no event shall Agent be liable for special, indirect, incidental, consequential
or punitive losses or damages of any kind whatsoever (including but not limited to lost profits),
even if Agent has been advised of the possibility of such losses or damages and regardless of the
form of action. Any liability of Agent will be limited in the aggregate to the amount of fees paid
by the Company hereunder.
(b) If any question or dispute arises with respect to the proper interpretation of this
Agreement or Agent’s duties hereunder or the rights of the Company or of any holders of Rights,
Agent shall not be required to act and shall not be held liable or responsible for failing or
refusing to act until the question or dispute has been (i) judicially settled (and Agent may, if it
deems it advisable, but shall not be obligated to, file a suit in interpleader or for a declaratory
judgment for such purpose) by a final judgment of a court of competent jurisdiction that is
binding on all stockholders and parties interested in the matter and is no longer subject to
review or appeal, or (ii) settled by a written document in form and substance satisfactory to Agent
and executed by the Company and each such stockholder and party.
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15. Representations, Warranties and Covenants. The Company represents, warrants and covenants that
(a) it is duly incorporated, validly existing and in good standing under the laws of its
jurisdiction of incorporation, (b) the making and consummation of the Subscription Offer and the
execution, delivery and performance of all transactions contemplated thereby (including without
limitation this Agreement) have been duly authorized by all necessary corporate action and do not
and will not conflict with, violate, result in a breach of or constitute a default under the
certificate of incorporation or bylaws of the Company, any law or regulation, any order or decree
of any court or public authority having jurisdiction, or any mortgage, indenture, contract,
agreement or undertaking to which it is a party or is bound, (c) this Agreement has been duly
executed and delivered by the Company and constitutes its legal, valid, binding and enforceable
obligation, (d) the Subscription Offer will comply in all material respects with all applicable
requirements of law and (e) to the best of its knowledge, there is no litigation pending or
threatened as of the date hereof in connection with the Subscription Offer.
16. Notices. All notices, demands and other communications given pursuant to the terms and
provisions hereof shall be in writing, shall be deemed effective on the date of receipt, and may be
sent by overnight delivery services, or by certified or registered mail, return receipt requested
to:
If to the Company:
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with an additional copy to: | |
[Company Name]
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[additional notice name and address] |
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[Address] |
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Attn: |
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If to Agent:
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with an additional copy to: | |
The Bank of New York Mellon
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The Bank of New York Mellon |
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Attn: Relationship Manager
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Attn: Legal Department |
17. Specimen Signatures. Set forth in Exhibit B hereto is a list of the names, titles and specimen
signatures of the persons authorized to act for the Company under this Agreement. The Secretary of
the Company shall, from time to time, certify to Agent the names, titles and signatures of any
other persons authorized to act for the Company under this Agreement.
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18. Confidentiality.
(a) In connection with Agent’s appointment hereunder, each party shall obtain confidential
information related to the other party or its stockholders that is
not available to the general public (“Confidential Information”), which Confidential Information shall include the
terms and conditions of this Agreement and the exhibits attached hereto. Each party agrees that
the Confidential Information shall be held and treated by it, its directors, officers, employees,
affiliates, agents and subcontractors (collectively, “Representatives”) in confidence and, except
as hereinafter provided, shall not be disclosed in any manner whatsoever except as otherwise
required by law, regulation, subpoena or governmental authority. Confidential Information shall be
used by each party and its Representatives only for the purposes for which provided and shall be
disclosed by such party only to those Representatives who have a need to know in order to
accomplish the business purpose in connection with which the Confidential Information has been
provided. Confidential Information does not include information that (i) is now or subsequently
becomes generally available to the public through no fault or breach on the part of the receiving
party; (ii) the receiving party had rightfully in its possession prior to disclosure to it by the
disclosing party; (iii) is independently developed by the receiving party without the use of or
reference to any Confidential Information; or (iv) the receiving party rightfully obtains on a
non-confidential basis from a source other than the disclosing party who has the right to transfer
or disclose it.
(b) In connection with the provision of services under this Agreement, the Company may direct
Agent to release information, including non-public personal information (“NPPI”), as defined in
Title V of the Gramm ▇▇▇▇▇ ▇▇▇▇▇▇ Act and the regulations issued thereunder (including but not
limited to Regulation P of the Board of Governors of the Federal Reserve) to the Company’s agents
or other third party service providers, including, without limitation, broker/dealers, custodians
and depositories. In addition, the Company consents to the release of information, including
NPPI, (i) to any of Agent’s Representatives in connection with the services provided hereunder and
(ii) as required by law, regulation, subpoena or governmental authority. Agent shall not be liable
for the release of information in accordance with the foregoing provisions.
19. Compensation and Expenses.
(a) The Company shall pay to Agent compensation in accordance with the fee schedule attached
as Exhibit C hereto, together with reimbursement for reasonable fees and disbursements of counsel,
regardless of whether any Rights are surrendered to Agent, for Agent’s services hereunder.
(b) The Company shall be charged for certain expenses advanced or incurred by Agent in
connection with Agent’s performance of its duties hereunder. Such charges include, but are not
limited to, stationery and supplies, such as checks, envelopes and paper stock, as well as any
disbursements for telephone and document creation and delivery. While Agent endeavors to maintain
such charges (both internal and external) at competitive rates, these charges may not reflect
actual out-of-pocket costs, and may include handling charges to cover internal processing and use
of Agent’s billing systems.
(c) All amounts owed to Agent hereunder are due within thirty (30) days of the invoice date.
Delinquent payments are subject to a late payment charge of one and one half percent (1.5%) per
month commencing forty-five (45) days from the invoice date. The Company
agrees to reimburse Agent for any attorney’s fees and any other costs associated with
collecting delinquent payments.
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(d) No provision of this Agreement shall require Agent to expend or risk its own funds or
otherwise incur any financial liability in the performance of any of its duties hereunder or in the
exercise of its rights.
20. Termination. Either party may terminate this Agreement upon thirty (30) days prior written
notice to the other party. Unless so terminated, this Agreement shall continue in effect until
ninety (90) days following the Expiration Time. In the event of such early termination, the
Company will appoint a successor agent and inform Agent of the name and address of any successor
agent so appointed, provided that no failure by the Company to appoint such a successor agent shall
affect the termination of this Agreement or the discharge of Agent as agent hereunder. Upon any
such termination, Agent shall be relieved and discharged of any further responsibilities with
respect to its duties hereunder. Upon payment of all outstanding fees and expenses hereunder,
Agent shall promptly forward to the Company or its designee any Subscription Forms or other
documents relating to the Subscription Offer that Agent may receive after its appointment has so
terminated.
21. Force Majeure. Agent shall not be liable for any failures, delays or losses, arising directly
or indirectly out of conditions beyond its reasonable control including, but not limited to, acts
of government, exchange or market ruling, suspension of trading, work stoppages or labor disputes,
fires, civil disobedience, riots, rebellions, storms, electrical or mechanical failure, computer
hardware or software failure, communications facilities failures including telephone failure, war,
terrorism, insurrection, earthquakes, floods, acts of God or similar occurrences.
22. Submission to Jurisdiction; Foreign Law.
(a) The parties irrevocably (i) submit to the non-exclusive jurisdiction of any New York State
court sitting in New York City or the United States District Court for the Southern District of New
York in any action or proceeding arising out of or relating to this Agreement, (ii) waive, to the
fullest extent they may effectively do so, any defense based on inconvenient forum, improper venue
or lack of jurisdiction to the maintenance of any such action or proceeding, and (iii) waive all
right to trial by jury in any action, proceeding or counterclaim arising out of this Agreement or
the transactions contemplated hereby.
(b) Agent shall not be required hereunder to comply with the laws or regulations of any
country other than the United States of America or any political subdivision thereof. Agent may
consult with foreign counsel, at the Company’s expense, to resolve any foreign law issues that may
arise as a result of the Company or any other party being subject to the laws or regulations of any
foreign jurisdiction.
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23. Miscellaneous.
(a) This Agreement shall be governed by and construed in accordance with the laws of the State
of New York, without giving effect to conflict of laws rules or principles.
(b) No provision of this Agreement may be amended, modified, or waived, except in a written
document signed by both parties.
(c) In the event that any claim of inconsistency between this Agreement and the terms of the
Subscription Offer may arise, as they may from time to time be amended, the terms of the
Subscription Offer shall control, except with respect to the duties, liabilities and rights,
including compensation and indemnification, of Agent as agent, which shall be controlled by the
terms of this Agreement.
(d) If any provision of this Agreement shall be held illegal, invalid or unenforceable by any
court, this Agreement shall be construed and enforced as if such provision had not been contained
herein and shall be deemed binding and enforceable to the full extent permitted by applicable law.
(e) This Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the
respective successors and permitted assigns of the parties hereto.
(f) This Agreement may not be assigned, or otherwise transferred, in whole or in part, by
either party without the prior written consent of the other party, which the other party will not
unreasonably withhold, condition or delay; provided that (i) consent is not required for an
assignment to an affiliate of Agent and (ii) any reorganization, merger, consolidation, sale of
assets or other form of business combination by Agent shall not be deemed to constitute an
assignment of this Agreement. Any attempted assignment in violation of the foregoing will be void.
(g) Sections 12, 13, 14, 18, 19, 22 and 23 hereof shall survive termination of this Agreement.
(h) Nothing in this Agreement shall be construed to give any person or entity other than Agent
and the Company any legal or equitable right, remedy or claim under this Agreement; but this
Agreement shall be for the sole and exclusive benefit of Agent and the Company.
(i) The headings contained in this Agreement are for the purposes of convenience only and are
not intended to define or limit the contents of this Agreement.
(j) This Agreement may be executed manually in any number of counterparts, each of which such
counterparts, when so executed and delivered, shall be deemed an original, and all such
counterparts when taken together shall constitute one and the same original instrument.
(k) This Agreement constitutes the entire understanding of the parties with respect to the
subject matter hereof and supersedes all prior written or oral communications,
understandings, and agreements with respect to the subject matter of this Agreement. The
parties acknowledge that the exhibits hereto are an integral part of this Agreement.
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(l) The Company acknowledges that Agent is subject to the customer identification program
(“Customer Identification Program”) requirements under the USA PATRIOT Act and its implementing
regulations, and that Agent must obtain, verify and record information that allows Agent to
identify the Company. Accordingly, prior to accepting an appointment hereunder, Agent may request
information from the Company that will help Agent to identify the Company, including without
limitation the Company’s physical address, tax identification number, organizational documents,
certificate of good standing, license to do business, or any other information that Agent deems
necessary. The Company agrees that Agent cannot accept an appointment hereunder unless and until
Agent verifies the Company’s identity in accordance with the Customer Identification Program
requirements.
[The remainder of this page has been intentionally left blank. Signature page follows.]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement by their duly authorized
officers as of the day and year above written.
| ENERGY FOCUS, INC. | ||||
By: |
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Name:
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Title: |
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| THE BANK OF NEW YORK MELLON | ||||
By: |
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Name:
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Exhibit A
|
Form of Subscription Form | |
Exhibit B
|
List of Authorized Representatives | |
Exhibit C
|
Fee Schedule |
12
EXHIBIT A
FORM OF SUBSCRIPTION FORM
13
EXHIBIT B
LIST OF AUTHORIZED REPRESENTATIVES
| Name | Title | Specimen Signature | ||
14
EXHIBIT C
FEE SCHEDULE
15