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HomeMy WebLinkAboutSW3151201_Transfer of Ownership_20160830CORONAL NCDEQ, DEMLR, Stormwater Permitting Unit ATTN: Laura Alexander 1612 Mail Service Center Raleigh, NC 27699 August 26, 2016 Re: SW3151201 Change of Ownership — County Home Solar Center, LLC Ms. Alexander: Attached is the State Stormwater Permit Name/Ownership Change Form for SW3151201. Coronal Development Services, LLC is the Project's developer and is facilitating the Change of Ownership on behalf of the current permit holder, Green Earth Development, LLC, (GED) and the proposed permittee, County Home Solar Center, LLC. Please find the following documents attached: • State Stormwater Permit Name/Ownership Change Form, signed and notarized by current permit holder, proposed permittee, and landowner • Lease Agreement (redacted) between the Cline Family and County Home Solar Center, LLC • Letter from GED requesting to transfer ownership o Serves as legal documentation of property transfer to new owner • Operating Agreement for County Home Solar Center, LLC o Shows authority of William B Owens, Jr. to act on behalf of proposed permittee The following items are not attached for the following reasons: • Copies of recorded deed restrictions o SW3151202 was revised on July 26, 2016 by Mike Randall to remove the requirement to record deed restrictions • Designer Certification o Plans have already been approved by DWQ • $40.00 processing fee o This is an initial transfer from the original permittee Please do not hesitate to reach me with any questions. Thank youRtz , rVfFt) AUG 3 0 2016 Susan Sturm STCRMW A SRRQUAltry Project Engineer ERII4;T -1IVG Corona] Development Services, LLC ssturm@coronalgroup.com 1434.293.7589 321 E Main St, Suite 300, Charlottesville, VA 22902 Coronal Development Services, LLC 1 321 E Main Street, Suite 300, Charlottesville, VA 22902 1 P 434 293 7589 State of North Carolina Department of Environment and Natural Resources Division of Water Quality STATE STORMWATER PERMIT NAME/OWNERSHIP CHANGE FORM LP I. CURRENT PERMIT INFORMATION es� 1 Stormwater Management Permit Numher- SW3151201 2. Project Name: County Home Solar Center, LLC 3. Current Permit Holder's Company Name/Organization: Green Earth Developers, LLC 4. Signing Official's Name: Luke Maslonka Title: Operations Manager 5. Mailing Address: 547 W Charles Street, Suite 100 City: Matthews State: NC Zip: 28105 6. Phone: (704 ) 849.0045 Fax: ( ) II. PROPOSED PERMITTEE / OWNER / PROJECT / ADDRESS INFORMATION This request is for: (please check all that apply) ❑ Name change of the owner (Please complete Items 1, 2 and 3 below) ❑ Name change of project (Please complete Item 5 below) X❑ Change in ownership of the property/company (Please complete Items 1, 2, 3, and 4 below) ❑ Mailing address / phone number change. (Please complete Item 4 below) ❑ Other (please explain): 1. Proposed permittee's company name/organization: County Home Solar Center, LLC 2. Proposed permittee's signing official's name: William B Owens, Jr. 3. Proposed permittee's title: Vice President 4. Mailing Address: 191 W Nationwide BLVD, Suite 600 City: Columbus Phone: ( 225 ) 615.3330 5. New Project Name to be placed on permit: State: OH Fax: Zip: 43215 Please check the appropriate box. The proposed permittee listed above is: ❑ HOA or POA (Attach documentation showing that the HOA or POA owns, controls, or has a recorded easement for all areas that contain stormwater system features. Print name of HOA or POA in #1 above and provide name of HOA/POA's authorized representative in #2 above) ❑ The property owner ® Lessee (Attach a copy of the lease agreement and complete Property Owner Information on page 4) ❑ Purchaser (Attach a copy of the pending sales agreement. Final approve transfer will be granted upon receipt of a copy of the recorded deed) , ❑ Developer (Complete Property Owner Information on page 4) 4/1j, /?���p�Uq�/� SSW N/O Change Rev24Sept2012 Page 1 of 4 III. REQUIRED ITEMS A request to transfer a permit will not be approved by the Division of Water Quality (DWQ) unless all of the applicable required items listed below are included with the submittal. Failure to provide the listed items may result in processing delays or denial of the transfer. 1. This completed and signed form. This certification roust be completed and signed by both the current permit holder and the new applicant if this is a change of ownership. 2. Legal documentation of the property transfer to a new owner. 3. A copy of any recorded deed restrictions, covenants, or easements, if required by the permit. 4. The designer's certification (DWQ Engineer and Designer Certification Forms are available from each DWQ Regional office), it required by the permit and it not already submitted to DWQ. 5. If the proposed permittee is a firm, partnership, association, institution, corporation, limited liability company, or other corporate entity, provide documentation showing the authority of the named representative to act on behalf of the proposed permittee. 6. The $40.00 processing fee. If this is an initial transfer from the original permittee the processing fee is not required. Subsequent ownership transfers will require the $40.00 processing fee. IV. CURRENT PERMITTEE'S CERTIFICATION Please check one of the following statements and fill out the certification below that statement: ❑ Check here if the current permittee is only changing hislherlits name, the project name, or mailing address, but will retain the permit. I, , the current permittee, hereby notify the DWQ that I am changing my name and/or I am changing my mailing address and/or I am changing the name of the permitted project. I further attest that this application for a name/ownership change is accurate and complete to the best of my knowledge. I understand that if all required parts of this application are not completed or if all required supporting information and attachments listed above are not included, this application package will be returned as incomplete. ❑X Check here if current permittee is transferring the property to a new owner and will not retain own ship of the permit. I, ✓I' ;-,c , the current permittee, am submitting this application for a transfer of owne s ip for p rmit # SW3151201 . I hereby notify DWQ of the sale or other legal transfer of the stormwater system associated with this permit. I have provided a copy of the most recent permit, the designer's certification for each BMP, any recorded deed restrictions, covenants, or easements, the DWQ approved plans and/or approved as -built plans, the approved operation and maintenance agreement, past maintenance records, and the most recent DWQ stormwater inspection report to the proposed permittee named in Sections II and V of this form. I further attest that this application for a name/ownership change is accurate and complete to the best of my knowledge. I understand that if all required parts of this application are not completed or if all required supporting information and attachments listed above are not included, this application package will be returned as incomplete. I assign all rights and obligations as permittee to the proposed permittee named in Sections II and V of this form. I understand that this transfer of ownership cannot be approved by the DWQ unless and until the facility is in compliance with the permit. Signature: Date:��-�/� _ I, I Ul n e TT e u uh ,'FO , a Notary Public for the State of Rt b c� k C a vo YA County of L L w r 4 do hereby certify that 2 v eQ rn , Or) e �� personally appeared before me this the o2 3 Y` day of ik 05, 20�, and acknowledge the due execution of the forinstrument. Witness my hand and official seal, �b Notary Signature (Notary Seal) ANNETTE WHITE Notary Public Surry Co., North Carolina My Commission Expires May 10, 2019 SSW N/O Change Rev24Sept2012 Page 2 of 4 V. PROPOSED PERMITTEE CERTIFICATION: (This section must be completed by the Proposedl'' IIPermittee for all transfers of ownership) lol I, l l� I "n B. OL� , hereby notify the DWQ that I have acquired through sale, lease or legal transfer, the responsibility for operating and maintaining the permitted stormwater management system, and, if applicable, constructing the permitted system. I acknowledge and attest that I have received a copy of: (check all that apply to this permit) the most recent permit the designer's certification for each BMP ❑ any recorded deed restrictions, covenants, or easements the DWQ approved plans and/or approved as -built plans the approved operation and maintenance agreement past maintenance records from the previous permittee (where required) DWQ stormwater inspection report showing compliance within 90 days prior to this transfer I have reviewed the permit, approved plans and other documents listed above, and I will comply with the terms and conditions of the permit and approved plans. I acknowledge and agree that I will operate and maintain the system pursuant to the requirements listed in the permit and in the operation and maintenance agreement. I further attest that this application for a name/ownership change is accurate and complete to the best of my knowledge. I understand that if all required parts of this application are not completed or if all required supporting information and attachments listed above are not included, this application package will be returned as incomplete. I Signature: Date: I, 702 S. 0"UrSa)-r , a Notary Public for the State of `PA P-t sv Lours�l,�NA , C—aunty of EAST tSP iNJ 6, , do hereby certify that WLLAA Ac11 ow Zvi , personally appeared before me this the 14 day of A ti� , 20_t_(.__, and acknowledge the due execution of the forgoing instrument. Witness my hand and official seal, (Notary Seal) Notary Signa—tuW Additional copies of the original permit and the approved Operation and Maintenance ar~res.�s�r�ent can be obtained from the appropriate Regional Office of the Division of Water Quality. This completed form, including all supporting documents and processing fee (if required), should be sent to the appropriate Regional Office of the North Carolina Department of Environment and Natural Resources, Division of Water Quality, as shown on the attached map. Please note that if the Proposed Permittee listed above is not the property owner, the property owner must complete and sign page 4 of this document. Both the lessee / developer and the property owner will appear on the permit as permittees. SSW N/O Change Rev24Sept2012 Page 3 of 4 VI. PROPERTY OWNER CONTACT INFORMATION AND CERTIFICATION If the Proposed Permittee listed in Sections 11 and V of this form is not the Property Owner, the Property Owner must provide his/her Contact Information below and sign this form: Printed Name: Steve Cline Organization: Title within the Organization: Street Address 11101 —4w4 00Ac9d City: State: 7ip:� Mailing Address: (if different from street address) City: State: Zip: Phone: 1014 141 SAo Fax: Email: 1`�A N A5LU,.f4[:�VC-P, MA-i c... CQM I certify that I own the property identified in this permit transfer document and have given permission to the Proposed Permittee listed in Sections II and V to develop and/or, lease the property. A copy of the lease agreement or other contract, which indicates the party responsible for the construction and/or operation and maintenance of the stormwater system, has been provided with the submittal. As the legal property owner I acknowledge, understand, and agree by my signature below, that I will appear as a permittee along with the lessee/developer and I will therefore share responsibility for compliance with the DWQ Stormwater permit. As the property owner, it is my responsibility to notify DWQ by submitting a completed Name/Ownership Change Form within 30 days of procuring a developer, lessee or purchaser for the property. I understand that failure to operate and maintain the stormwater treatment facility in accordance with the permit is a violation of NC General Statute (NCGS) 143-215.1, and may result in appropriate enforcement action including the assessment of civil penalties of up to $25,000 per d y pursuant to WGS 143-215.6. Signature of the property owner Date: s 2`/, t tc I a Notary Public for the State of c�toAo,-- , County of I • , do hereby certify that personally appeared before me this the c �( day of c,r- , 20� ,and acknordgee'etion of the forgoing ins ment. Witness my hand and official seal,Not y Signatur SSW N/O Change Rev24Sept2012 Page 4 of 4 COUNTY HOME SOLAR CENTER, LLC SECOND AMENDED AND RESTATED OPERATING AGREEMENT THIS SECOND AMENDED AND RESTATED OPERATING AGREEMENT (this "Agreement") of COUNTY HOME SOLAR CENTER, LLC, a North Carolina limited liability company (the "Company"), is entered into as of August 5, 2016 by PV Project Holdings VI, LLC, a North Carolina limited liability company (the "Member"), and shall constitute the Company's "operating agreement," within the meaning of the North Carolina Limited Liability Company Act (as amended, modified or supplemented from time to time, or any corresponding provisions of succeeding law, the "Act" ). RECITALS WHEREAS, Heelstone Development, LLC ("HD") entered into that certain Amended and Restated Operating Agreement dated May 4, 2016 (the "Prior Agreement'). WHEREAS, HD, through a series of assignments assigned its ownership interest to the Member pursuant to that certain Membership Interest Assignment Agreement dated August 5, 2016. WHEREAS, the Member desires to amend and restate the Prior Agreement to reflect that it is the sole limited liability company member of the Company and make certain other changes. AGREEMENT NOW, THEREFORE, the Member agrees as follows: 1 The Company was formed under the Act on October 29, 2013 by the filing of Articles of Organization with the North Carolina Secretary of State, and shall be operated in accordance with its Articles of Organization, this Agreement, and the Act. To the extent permitted by the Act and other applicable law, the provisions of this Agreement shall supersede any contrary provisions of the Act or other applicable law. 2. The Member shall be the Company's sole "member," within the meaning of the Act. 3. The purpose and business of the Company shall be to enter into any lawful transaction or engage in any lawful activity for which limited liability companies may be organized under the Act. 4. The term of the Company shall begin as of the date of filing of its Articles of Organization for the Company in accordance with the Act and, shall continue in perpetuity. 5. The Company shall maintain a North Carolina registered office and agent for service of process as required by the Act. In the event the registered agent ceases to act as such for any reason or the registered office shall change, the Member shall promptly designate a replacement registered agent or file a notice of change of address, as the case may be. 6. The full, exclusive and complete authority and control of the management of the Company's business and affairs, together with all authorities, rights and powers consistent therewith or necessary or appropriate thereto generally conferred by the Act on the manager of a limited liability company, and together with all authorities, rights and powers provided for in this Agreement, shall be vested in and exercised by the Member. In connection with the foregoing, the Member is authorized and empowered to appoint by written designation one or more persons to act on behalf of the Company as officers of the Company with such titles as may be appropriate including President, Vice President, Treasurer, Secretary and Assistant Secretary. Any person appointed as an officer of the Company with a title customarily held by an officer of a corporation, including the foregoing titles, shall have the same power and authority to act on behalf of the Company as an officer holding the same title would customarily have in a corporation organized under the laws of North Carolina. One person may hold more than one office. The Member hereby appoints the following persons as the Company's officers: Thomas J. Adamek, President; Barry G. Gowdy, Treasurer and Assistant Secretary; Gordon S. LeBlanc, Jr., Vice President; William B. Owens, Jr., Vice President and Assistant Secretary; and John P. Witten, Vice President and Secretary. Any person dealing with the Company may rely upon a certificate signed by the Member or by any Secretary or Assistant Secretary as to (a) the persons who are authorized to execute and deliver any instrument or document of or on behalf of the Company, and (b) the persons who are authorized to take any action as to any matter involving the Company. 7. The Member shall have no obligation to make any contributions to the capital of the Company and shall make only such contributions as the Member shall from time to time determine in its sole discretion. 8. At such time(s) as the Member shall determine, the Member may cause the Company to distribute to the Member any cash held by the Company that is not reasonably necessary for the operation of the Company. No distribution shall be declared and paid if payment of such distribution would cause the Company to violate any limitation on distributions provided in the Act, or under any loan agreements, other financing documents, or other contracts or agreements to which the Company or its property may be subject. 9. The Company shall indemnify and hold harmless any manager, officer, or other "company official," within the meaning of the Act, (each, an "Indemnified Person") to the fullest extent permitted or required under the Act against all losses, liabilities, judgments, penalties, fines, settlements, and reasonable expenses (including, without limitation, reasonable attorneys' fees) actually incurred or suffered (collectively, "Costs") by such Indemnified Person who was or is made a party or is threatened to be made a party to or is involved in any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, arbitrative, or investigative (a "Proceeding'), or any appeal in such a Proceeding or any inquiry or investigation that could lead to such a Proceeding, by reason of the fact that such Person is or was a manager, officer, or company official or is or was serving (with respect to or in connection with the Company's business or operations) as a manager, officer, director, principal, partner, member, employee, or agent of the Member or the Company or is or was serving at the request of the Company as a representative, manager, officer, director, principal, member, employee, or agent of another entity. Any indemnification under thi& Section &hall continue as to an Indemnified Person who has ceased to serve in the capacity that initially entitled such Indemnified Person to indemnity hereunder. Anything to the contrary notwithstanding in this Section, however, unless the Member otherwise consents, no Indemnified Person shall be indemnified for any Costs suffered that are attributable to such Indemnified Person's or his, her, or its affiliates' gross negligence, willful misconduct, knowing violation of law, breach of fiduciary duty, or breach of loyalty. The Company may advance expenses incurred by the Indemnified Person upon the approval of the Member, and the receipt by the Company of an undertaking by such Indemnified Person to reimburse the Company unless it is ultimately determined that such Indemnified Person is entitled to be indemnified by the Company against such expenses. 10. The Member may transfer all or any portion of its interest in the Company in the Member's sole discretion. In the event of any such transfer, this Agreement shall be amended to reflect the respective rights and obligations of the Member and the transferee(s). 11. The Company shall be disregarded as an entity separate from the Member for federal income tax purposes and for state income tax purposes in those states that follow federal tax classification. 12. The interpretation and enforceability of this Agreement and the rights and liabilities of the Member as such shall be governed by the laws of the State of North Carolina as such laws are applied in connection with limited liability company operating agreements entered into and wholly performed upon in North Carolina by residents of North Carolina. 13. This Agreement may be amended, in whole or in part, only through a written amendment executed by the Member. This Agreement contains the entire understanding and intent of the Member regarding the Company and supersedes any prior written or oral agreement respecting the Company. There are no representations, agreements, arrangements, or understandings, oral or written, of the Member relating to the Company which are not fully expressed in this Agreement. [signature page follows] IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, has duly executed this Agreement as of the date first above written. "Member" PV Project Hol VI LL By. William B. Owens, Jr., Assistant Secretary [Signature Page to Second A&R Operating Agreement - County Home Solar Center, LLC] August g, 2016 David Banfield Project Manager Green Earth Developers 547 West Charles Street, Suite 100 Matthews, NC 28105 336-429-6529 (m) David.Banfield@GED.BlueNRGY.com Green Earth Developers North Carolina Department of Natural Resources Division of Water Quality - Mooresville Regional Office 610 East Center Avenue, Suite 301 Mooresville, NC 28115 704-663-1699 (o) 6'� 0�6 RE: Stormwater Permit No. SW3151201— County Home Solar Center — Ownership Change NCDENR Rep, Could you please review our request to charge ownership of hermit no. SW3151201. The permit was obtained by Luke Maslonka on December 8, 2015. Luke was Green Earth Developer's Operations Manager at the time. Unfortunately, Luke no longer works with our team and, I am making this request in his stead. Green Earth Developers hereby releases ownership of the permit to County Home Solar Center, LLC. The County Home Solar Center's willingness to receive ownership of this permit is evident by the signature of William B. Owens, Jr. on the accompanying Ownership Change form. If you have any questions of need additional information. Please contact me by phone or email. Thank you, David M. Banfield Project Manager —Green Earth Developers Green Earth Developers 547 W. Charles St Ste 100. Matthews, NC 28105 704-849-0054 SOLAR ENERGY SITE LEASE AGREEMENT This Solar Energy Site Lease Agreement (this "Lease") dated as of November jg , 2015 (the "Effective Date"), is made between County Home Solar Center, LLC, a North Carolina limited liability company ("Tenant'), and Steve W. Cline, Glenda Cline, Stefanie Cline Harrill, Brandon Harrill and Shelley Jayne Cline (collectively, "Landlord"). RECITALS A. Landlord is the owner of the Property located in Cleveland County, North Carolina, consisting of approximately 12.72 acres, and more particularly described in the attached Exhibit A; and B. Tenant desires to lease certain premises within the Property shown on Exhibit B from Landlord in order to install and operate, including the sale of energy, a solar energy generating facility. C. As of the Effective Date, Tenant has exercised its exclusive option to lease the Site (defined below) from Landlord, as provided in that certain Option Agreement for Solar Energy Site Lease by and between Landlord and Tenant. AGREEMENT For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Landlord and Tenant agree as follows: 1. DEFINITIONS AND INTERPRETATION (a) In this Lease, unless the context requires otherwise: "Affiliate" means any Person that directly, or indirectly through one of more intermediaries, controls or is controlled by, or is under common control with, the Pon specified. For purposes of this definition, control of a Person means the power, direct or indi#4 to direct or cause the direction of the management and policies of such Person whethep contract or otherwise. r "Business Day" means any day except Saturday, Sunday or any day on wlP banks are generally not open for business in the State of North Carolina. "Commercial Operations Date" means the date on which the term of the povor purchase agreement under which Tenant will sell electricity generated by the Generating Facility has commenced. "Environmental Attributes" means the characteristics of electric power generation at the Generating Facility that have intrinsic value, separate and apart from the generated energy, arising from the perceived environmental benefits of the Generating Facility or energy generated at the Generating Facility, including but not limited to all environmental and other attributes that differentiate the Generating Facility or energy generated at the Generating Facility from energy generated by fossil -fuel based generation units, fuels or resources, characteristics of the Generating Facility that may result in the avoidance of environmental impacts on air, soil or water, such as the absence of emission of any oxides of nitrogen, sulfur or carbon or of mercury, or other gas or chemical, soot, particulate matter or other substances attributable to the Generating Facility or the compliance of the Generating Facility or energy generated at the Generating Facility with the law, rules and standards of the United Nations Framework Convention on Climate Change (the "UNFCCC") or the Kyoto Protocol to the UNFCCC or any successor laws, rules or standards or crediting "early action" with a view thereto, or laws or regulations involving or administered by the Environmental Protection Agency or successor administration or any state or federal entity having jurisdiction over a program involving transferability of rights arising from Environmental Attributes. "Environmental Incentives" means all rights, credits (including tax credits), rebates, benefits, reductions, offsets, and allowances and entitlements of any kind, howsoever entitled or named (including carbon credits and allowances), whether arising under federal, state or local law, international treaty, trade association membership or the like, arising from the Environmental Attributes of the Generating Facility or the energy generated at the Generating Facility or otherwise from the development or installation of the Generating Facility or the production, sale, purchase, consumption or use of the energy generated at the Generating Facility. Without limiting the forgoing, "Environmental Incentives" includes green tags, renewable energy credits, tradable renewable certificates, portfolio energy credits, the right to apply for (and entitlement to receive) incentives under any demand -side management or energy efficiency programs offered by a utility company, a third -party provider, or other incentive programs offered by the state and the right to claim federal income tax credits, if applicable. "Environmental Laws" means all federal, state, local and regional laws, statutes, ordinances, orders, rules and regulations now in force or enacted during the term of this Lease relating to the protection of human health or the environment or relating to waste disposal or environmental protection with respect to hazardous, toxic, or other substances generated, produced, leaked, released, spilled or disposed of at or from the Site. "Generating Facility_' means the solar power generating facility to be located at the Site and owned by Tenant, including all improvements, facilities and equipment constructed or installed by Tenant at any time and from time to time, including the following: (i) arrays of photovoltaic solar panels or tracking mirrors, including foundations, mounting substrates, support structures and related components; (ii) overhead and underground electrical collection, transmission and communication lines, transformers, power inverters, meters and protection equipment, cables, junction boxes, energy storage facilities, telecommunications equipment, switches and electrical substations and related facilities and equipment for the collection, interconnection and transmission of electrical energy and communications; (iii) roads, fences and gates, and other structures and facilities required for ingress and egress for pedestrians, motor vehicles and equipment, and for the efficient development, construction, operation, maintenance and security of the Generating Facility; (iv) any and all equipment and improvements necessary or useful for the ongoing measurement of sunlight and weather; and (v) any other equipment or facilities that are necessary or desirable for Tenant's development, construction, operation, maintenance or security of the Generating Facility, including laydown areas, satellite operation and maintenance or storage facilities and control buildings. 2 "Hazardous Materials" means any flammable explosives, radioactive materials, hazardous materials, hazardous wastes, hazardous substances, toxic substances, pollutants, contaminants, radon, asbestos, lead or lead based paint, oil and petroleum products and their by- products, polychlorinated biphenyls or related materials, and mold, dangerous fungi, bacterial or microbial matter contamination or pathogenic organisms that reproduce through the release of spores or the splitting of cells, as those terms may be used or defined in any Environmental Law. "Including" means including without limitation, and "includes" means includes, without limitation. "_Lease Year" means a twelve (12) calendar month period; provided, however that if the Effective Date is a date other than the first day of a calendar month, the first Lease Year of the Term shall, except as may otherwise be expressly provided in this Lease, commence on the Effective Date and run through last day of the month in which the one year anniversary of the Effective Date occurs, with each successive Lease Year to run for a period of the next succeeding twelve (12) months, other than and except for the final Lease Year specified which shall commence as hereinabove provided and which shall run through the date on which the Term ends notwithstanding the actual number of days included in said period. "Person" means any natural person, corporation, general partnership, limited partnership, limited liability company, proprietorship, other business organization, trust, union, association or governmental or regulatory authority. "Property" means the land described on Exhibit A, together with the following: (i) all right, title and interest of Landlord in and to all rights, privileges and appurtenances pertaining to the Property and any rights -of -way or other appurtenances used in connection with the beneficial use and enjoyment of the Property and all of Landlord's right, title and interest in and to adjacent streets, alleys or rights -of -way and easements, licenses or interests relating thereto; and (ii) all of Landlord's right, title and interest in and to all permits, licenses and approvals directly relating to the Property, to the extent the same are assignable and transferable. "Site" means the specific areas of the Property shown as the cross -hatched or shaded area of the site plan attached hereto as Exhibit B. "Unavoidable Delay" means delay caused by strikes, walkouts (except for strikes or walkouts directly involving employees of the party claiming Unavoidable Delay), civil commotion, warlike operations, governmental regulations or controls, acts of God, inability to procure materials or services, or other causes beyond the reasonable control the party claiming Unavoidable Delay. (a) Unless the context requires otherwise, words importing the singular include the plural and vice versa and words importing gender include all genders. (b) The division of this Lease into Sections, the insertion of headings, and the provision of any table of contents are for convenience of reference only and will not affect the construction or interpretation of this Lease. Unless the context requires otherwise, references in this Lease to Sections or Schedules are to Sections or Schedules of this lease. Any reference in this Lease to any agreement or statute or any section of it will, unless otherwise expressly stated, be deemed to refer to such statute or section as amended, restated or re-enacted from time to time. 2. LEASE AND GRANTS OF EASEMENTS (a) Landlord: (i) exclusively leases the Site to Tenant and its successors and assigns for the sole purpose of developing, constructing, installing, operating and maintaining the Generating Facility in accordance with the terms and conditions set out in this Lease; (ii) grants to Tenant and its successors and assigns, for a period co- terminous with this Lease, a non-exclusive easement on, over, under, across and through the Property and the surrounding or nearby premises owned or leased by Landlord and described in Exhibit C attached hereto (the "Easement Lands"), for the benefit of the Site and the Tenant (and Tenant's assigns, successors, contractors, customers, invitees and employees) for the purpose of: providing such access on foot and by vehicle as shall be necessary or convenient to gain access to the Generating Facility or the Site; and, the installation, operation, repair, maintenance, replacement and removal from time to time of electrical transmission and data communications cables and wires, and related towers, poles and other apparatus and materials of the Tenant and access to them from time to time; (iii) grants to Tenant and its successors and assigns, for a period co- terminous with this Lease, an exclusive easement to convert all of the solar resources above the Site to electricity; and (iv) grants to Tenant and its successors and assigns, for a period co- terminous with this Lease, the right to undertake any other activities on the Site and the Easement Lands that Tenant determines are necessary, helpful, appropriate or convenient in connection with, incidental to, for the benefit of, or to accomplish any of the foregoing purposes, including conducting surveys and geological, geophysical, environmental, biological, cultural and other tests and studies, in each case by the use of such means and technologies as Tenant may choose, whether or not currently known, and with the right of entry on the Site and the Easement Lands for such purposes. (b) Landlord reserves all rights to use the Property and the Easement Lands, other than the Site, except to the extent Landlord's use interferes with Tenant's use of the Site or the Easement Lands in accordance with this Lease or violates the terms and conditions of this Lease. (c) Tenant hereby leases the Site from Landlord and accepts such grant of easements and rights from Landlord, upon the terms and conditions set forth herein. 4 3. RENT Commencing on the Effective Date of this Lease and continuing throu hout the Term, Tenant shall pay to Landlord an annual rental payment "Rent" equal toper acre of the Site. If applicable, the Rent shall be adjusted to equal�er acre of the Site for the final two (2) Extended Terms. 4. GENERATING FACILITY CONSTRUCTION (a) Landlord consents to 'Tenant's construction and installation on the Site and the Easement Lands of the Generating Facility. (b) Tenant shall notify Landlord not less than twenty (20) days in advance of the time that Tenant intends to commence installation of the Generating Facility on the Site. (c) Within thirty (30) days after the installation of the Generating Facility is complete, Tenant shall deliver to Landlord the following: (i) Tenant's affidavit stating that the Generating Facility installed by Tenant has been completed in compliance with the terms of this Lease; and (ii) an affidavit of Tenant stating that all contractors, subcontractors, laborers and material men who have performed work on or furnished materials to the Site have been paid in full and that all liens therefore that have or might be filed have been discharged of record or waived or that a bond has been posted for such purpose. (d) Except as provided otherwise herein, Landlord hereby consents to Tenant's location of the Generating Facility or related facilities or equipment at any location upon the Site. Furthermore, in the event that the location of any portion of any Generating Facility or related facilities or equipment to be installed or constructed on the Site is limited or restricted by any private agreements or restrictions or any laws, rules or ordinances of any governmental agency, Landlord shall cooperate with and assist Tenant in granting and obtaining waivers or variances from such requirements and shall execute all documents evidencing Landlord's agreement to the elimination of such requirements. Landlord acknowledges and agrees that this paragraph shall survive the termination of this Lease. 5. GENERATING FACILITY INSTALLATION, OPERATION AND OWNERSHIP (a) Tenant shall have the right from time to time during the term of this Lease: (i) to determine the feasibility of solar energy power production on the Site, including studies of sunlight concentration and other meteorological data, extracting soil samples, conducting wildlife and other environmental studies, and conducting transmission feasibility studies; (ii) to construct, install, reinstall or relocate and operate the Generating Facility on the Site; (iii) to maintain, clean, repair, replace and dispose of part or all of the Generating Facility and to maintain the Site and the Easement Lands as may be required for the proper functioning and operation of the Generating Facility, including removing trees, brush and tree branches that may interfere with access to sunlight to the Generating Facility; (iv) to add or remove equipment as needed to increase or decrease the capacity of the Generating Facility; (v) to remove the Generating Facility as permitted pursuant to Section 9; (vi) to access the Site with guests for promotional purposes during normal open hours and at other times as are acceptable to the Landlord in its reasonable business judgment without disruption of Landlord's operations; (vii) to publish factual information related to the Generating Facility on its website and through other forms of electronic media. Such information may include, but is not limited to, the location of the photovoltaic system, the name of the Landlord, and other features of the Generating Facility; (viii) to install and maintain such equipment, as is necessary for remote monitoring of the Generating Facility, including without limitation the establishment of a high speed internet connection; (ix) to install and maintain such equipment as is necessary or appropriate for the security and protection of the Generating Facility, including without limitation, fences and gates; and (x) to perform (or cause to be performed) all tasks necessary or appropriate, as reasonably determined by Tenant, to carry out the activities set forth in clauses (a)(i) through (a)(ix) of this Section, 5. (b) Tenant will obtain all governmental permits, licenses, certificates, approvals, variances and other entitlements for use ("Permits") necessary for the construction, installation and operation of the Generating Facility. Landlord hereby gives its consent to any action taken by Tenant in applying for any and all Permits Tenant finds necessary or desirable for the operation of the Generating Facility, and Landlord hereby appoints Tenant its agent for applying for such Permits and agrees to assist Tenant in obtaining the Permits, if necessary. Tenant will carry out the activities set forth in this Section 5 in accordance with all applicable laws, rules, codes and ordinances and in such a manner as will not unreasonably interfere with Landlord's operation or maintenance of the Property. (c) Landlord acknowledges and agrees that despite that portions of the Generating Facility may be affixed to the Site, (i) Tenant or its Affiliate is the exclusive owner and operator of the Generating Facility, (ii) the Generating Facility shall not be construed to be a fixture, (iii) Tenant or its Affiliate or transferee is the exclusive owner of the electricity generated by the Generating Facility and the Environmental Attributes and Environmental Incentives of the Generating Facility and (iv) the Generating Facility shall not be sold, leased, assigned, mortgaged, pledged or otherwise alienated or encumbered (collectively, a "Transfer") with the fee interest or leasehold rights to the Property or otherwise by Landlord or any other person. Landlord shall give Tenant at least fifteen (15) days' written notice prior to any Transfer of all or a portion of the Property identifying the transferee, the portion of Property to be transferred and the proposed date of Transfer. Landlord shall require any transferee to acknowledge and consent to the terms of this Lease. Landlord agrees that this Lease and the easements and rights granted in Section_2 of this Lease shall constitute covenants running with the Property and the Easement Lands and shall survive any Transfer of the Property. 6. ACCESS Landlord will make available to Tenant continuous and uninterrupted access to the Generating Facility and the Site and the Easement Lands for the purposes set forth in this Lease. Tenant shall cooperate with Landlord to minimize disruption of the operations of Landlord at the Property. Despite anything to the contrary in this Lease, Tenant shall be permitted to access the Site and the Easement Lands twenty-four (24) hours a day, seven (7) days a week as reasonably determined by Tenant. Upon reasonable advance notice to Landlord, Tenant shall have access during normal business hours to any and all historic documents, drawings, plans, correspondence and memoranda in the possession or control of Landlord which relate to the Property and which may be needed for regulatory planning or permitting purposes. 7. REPRESENTATIONS AND WARRANTIES, COVENANTS OF LANDLORD (a) Landlord represents and warrants to Tenant that there are no circumstances known to Landlord, and no commitments to third parties, that may damage, impair or otherwise adversely affect the Generating Facility or its construction, installation or function (including activities that may adversely affect the Generating Facility's exposure to sunlight). Landlord represents and warrants to Tenant that there are no liens, security interests or other encumbrances on the Site or the Easement Lands, except as disclosed on Schedule 7A attached hereto ("Permitted Liens"). Landlord covenants to Tenant that it will not cause, create, incur, assume, permit or suffer to exist any liens, security interests or other encumbrances on the Site or the Easement Lands, except for the Permitted Liens. Landlord represents and warrants to Tenant that, except as described in Schedule 7B attached hereto, the Landlord has not used, stored, handled or disposed of Hazardous Materials on or about the Property or the Easement Lands and, to the Landlord's knowledge, no prior owner of the Property or the Easement Lands or any tenant, subtenant, prior tenant or prior subtenant have used, stored, handled or disposed of Hazardous Materials on or about the Property or the Easement Lands. (b) Landlord covenants that Landlord has lawful title to the Property and the Easement Lands and full right to enter into this Lease and that Tenant shall have quiet and peaceful possession of the Site and the Easement Lands throughout the term of this Lease. To the extent, if any, that any third party has legal title to the Site or the Easement Lands or any other claim, lien, encumbrance or right of possession on or against the Property or the Easement Lands, Landlord will obtain such consents or other written documents as are required in order to evidence the consent of such third party to the transactions contemplated by this Lease, the acknowledgement by such third party of the interest of Tenant under this Lease and in the Property and the Easement Lands and the agreement of such third party not to disturb or interfere with Tenant's use and occupancy of the Site and the Easement Lands pursuant to this Lease, which agreement shall be in form and substance acceptable to Tenant. If Landlord fails to obtain an executed agreement from a third party in accordance with this paragraph within twenty (20) days after Tenant's request, Tenant shall have the right (without waiving any other remedies) to terminate this Lease and to recover from Landlord all rents paid to Landlord through the date of termination. (c) Landlord will not initiate or conduct activities that it knows or reasonably should know may damage, impair or otherwise adversely affect the Generating Facility or its function (including activities that may adversely affect the Generating Facility's exposure to sunlight). Landlord will not conduct maintenance to the Property or the Site or the Easement Lands that is reasonably likely to damage, impair or otherwise adversely affect the Generating Facility or its function. Landlord represents and warrants to Tenant that there are no existing or, to Landlord's knowledge, threatened expropriation proceedings, or contemplated sales in place of expropriation, involving a partial or total taking of the Property or the Site or the Easement Lands. (d) Landlord acknowledges that the Generating Facility may be inadvertently damaged, impaired or otherwise adversely affected by routine activities and operations of Landlord's personnel or licensees on the Site or the Easement Lands. Landlord further agrees that Landlord shall be responsible and liable for any damage, impairment or other adverse effect caused by Landlord's personnel or licensees on the Site or the Easement Lands, whether or not due to any negligence or wilful misconduct on the part of Landlord. (e) In addition to the foregoing, with respect to any property on which the Generating Facility is to be installed, if Landlord has an existing mortgage or enters into a mortgage after the Effective Date of this Lease, Landlord and Tenant shall enter into an agreement with such mortgagee subordinating such mortgage to this Lease, providing for non - disturbance in favour of Tenant (so long as Tenant is not in default under this Lease) and otherwise on terms and conditions reasonably satisfactory to Tenant. Landlord acknowledges that without such agreements by superior mortgagees, Tenant may not be able to finance and build the Generating Facility at the Site. (f) Landlord represents and warrants that the Property and the Easement Lands comply with all applicable laws and that Landlord has not received any written notice of violation of any applicable laws affecting the Property or the Easement Lands that remains unresolved. Landlord shall notify Tenant promptly if Landlord receives any notice of any actual or alleged violation of applicable laws with respect to the Property or the Easement Lands. (g) Landlord represents and warrants that none of Landlord, the Property or the Easement Lands is subject to any pending lawsuit, arbitration or other legal proceeding that could affect Landlord's ability to perform its obligations under this Lease or Tenant's rights under this Lease and, to Landlord's knowledge, no such lawsuit or other legal proceeding has been threatened. (h) Landlord represents and warrants that Landlord is the sole owner of the Property. Landlord represents and warrants that Landlord and each person signing this Lease on behalf of Landlord has the full and unrestricted power and authority to execute and deliver this Lease and grant the rights herein granted. Landlord represents and warrants that all parties having a surface ownership interest (as opposed to ownership of subsurface or mineral right interests) in the Property have signed this Lease. Landlord hereby releases and waives all rights under and by virtue of any applicable homestead exemption laws as to this Lease and the rights granted hereunder. (1) Landlord agrees that within ten (10) days after receipt of a written request by Tenant it shall- (a) join in all grants for rights -of -way and easements for electric and other public utilities and facilities and any other electric power purpose including any power transmission line as Tenant shall deem necessary or desirable for its development and use of the Site; and (b) join with Tenant in requesting any and all zoning changes or other land use permits and/or approvals necessary for Tenant's development and use of the Site as contemplated by this Lease. 8. TERM/TERMINATION (a) The term of this Lease ("Term") shall commence on the Commercial Operations Date and, unless earlier terminated pursuant to this Section 8, expire fifteen (15) years thereafter (the "Initial Term"). Tenant shall have the option to extend the Term for four (4) additional five (5) year periods (each an "Extended Term"), commencing upon the expiration of the preceding term and expiring at midnight on the day prior to the fifth (51h) anniversary of the commencement of the then current Extended Term, upon the terms and conditions herein set forth. Tenant shall deliver written notice of Tenant's intention to exercise such extension not less than six (6) months prior to the expiration of the Initial Term and first Extended Term. (b) The occurrence of any of the following events shall terminate this Lease: (i) The expiration of the term of this Lease as set out above in this Section 8; (ii) The written agreement of the parties to terminate this Lease; (iii) An uncured material breach of this Lease by either party and the election of the non -breaching party to terminate this Lease; (iv) Subject to the rights of Lenders set forth in Section 13, Tenant's failure to operate the Generating Facility for a continuous period of at least twenty-four (24) months for reasons other than Unavoidable Delay; or (v) Tenant's delivery of not less than ninety (90) days advance written notice to Landlord of Tenant's election to terminate this Lease. 9. REMOVAL Tenant shall be entitled to remove the Generating Facility or any part thereof and any related equipment from the Site or the Easement Lands at any time upon reasonable notice to Landlord and shall be obligated to remove the Generating Facility within one hundred eighty L1 (180) days after the expiration or other termination of the term of this Lease. In the event that Tenant fails to remove the Generating Facility within one hundred eighty (180) days of expiration or other termination of this Lease, in addition to all other rights and remedies of Landlord, Tenant shall pay to Landlord holdover Rent on a pro rata basis until the Generating Facility is removed. 10. INSURANCE (a) Tenant shall, during the term of this Lease, obtain, maintain and keep in full force and effect, commercial general liability insurance applying to the use and operation of the Generating Facility in the following amounts: Limits: (i) Commercial General Liability Aggregate & Completed Operations Aggregate ;urrence Injury (Advertising Injury excluded) cage, Any One Fire Payments, Each Person (ii) Excess Liability Limit: ■_Aggregate (b) All policies of insurance provided for herein shall be issued by insurance companies qualified to do business in the State of North Carolina, shall be Best rated A or better, shall name the other party as an additional insured, and shall provide that they may not be cancelled by the insurer for nonpayment of premiums or otherwise or be terminated or lapse of their own accord or by their own terms until at least thirty (30) days (or at least ten (10) days in the event of non-payment of premiums) after service by registered or certified mail of notice of the proposed cancellation upon all parties named in such policies as insureds. All public liability, property damage and other casualty policies shall be written as primary policies, not contributing with any other coverage which the other party may carry. Tenant shall deliver to Landlord copies of the policies for all the insurance required to be carried by Tenant under this Lease, or certificates evidencing the existence and the amounts of such insurance, or renewals of them or binders to them, if applicable, (i) within ten (10) days after the Effective Date, and (ii) at least ten (10) days prior to the expiration of any such policies. Subject to Landlord's right to approve Tenant's net worth and self-insurance program, which approval shall not be withheld unreasonably, Tenant may elect to self -insure any or all of the risks and liabilities to be covered by the insurance policies described in Section 10(a) above. 11. TAXES (a) Tenant shall pay all personal property taxes, possessory interest taxes, business or license taxes or fees, service payments in lieu of such taxes or fees, annual or 10 periodic license or use fees, excises, assessments, bonds, levies, fees or charges of any kind which are assessed, levied, charged, confirmed, or imposed by any public authority due to Tenant's use and operation of the Generating Facility (or any portion or component of it), except: (i) real and personal property taxes and assessments and reassessments relating to the Property (including the Site); (ii) inheritance or estate taxes imposed upon or assessed against the Property (including the Site), or any part of it or interest in it; (iii) taxes computed upon the basis of the net income or payments derived from the Site by Landlord or the owner of any interest in it; (iv) taxes imposed on the capital invested in the Property or the Site; (v) any corporate income, profits, excess profits, and business tax imposed upon the income of Landlord and any other impost of a personal nature charged or levied against Landlord; and, (vi) taxes, fees, service payments, excises, assessments, bonds, levies, fees or charges of any kind that are adopted by any public authority after the date of this Lease. Landlord shall pay all amounts in connection with clauses (i) to (vi) inclusive of this Section I I(a) and if Landlord shall fail to do so prior to the delinquency of such taxes or other amounts, Tenant shall have the right to pay such amounts, in which case Landlord shall reimburse Tenant for such amounts upon Tenant's written demand. (b) Despite the foregoing provisions in Section 11(a), if the Property experiences any increase in the amount of real property taxes assessed solely as a result of the installation of the Generating Facility on the Site, including any reclassification of the Property, Tenant shall pay or reimburse Landlord an amount equal to the increase no later than ten (10) days prior to the date each year on which the applicable real estate taxes are due to be paid, provided that Landlord provides Tenant with copies of the applicable current and past statements of real estate taxes payable for the Property and any related information demonstrating the reasons for any increase in real estate taxes. (c) Tenant may contest the legal validity or amount of any taxes, assessments, or other charges for which it is responsible under this Lease, and may institute such proceedings as it considers necessary. Tenant shall bear all expenses in pursuing such contest or proceeding. With respect to any taxes for which Tenant is responsible that may constitute a lien on the Property, Tenant shall promptly pay such taxes unless the proceeding in which it contests such tax shall operate to prevent or stay the collection of the taxes so contested or unless Tenant removes any such lien by bonding or otherwise. Landlord agrees to render to Tenant all reasonable assistance, at no cost or expense whatsoever to Landlord, in contesting the validity or amount of any taxes, assessments or charges, including joining in the signing of any reasonable protests or pleadings which Tenant may reasonably deem advisable to file; provided, however, that Tenant shall reimburse Landlord for its reasonable attorneys' fees incurred in connection with providing such assistance. 12. LIABILITY AND INDEMNITY (a) Indemnification. Each party (the "Indemnifying Party") agrees to defend, indemnify and hold harmless the other party and the other parry's officers, directors, shareholders, members, managers, employees, representatives, mortgagees and agents (collectively the "Indemnified Party") against any and all losses, damages, claims, expenses and liabilities for physical damage to property and for physical injury to any person, including reasonable lawyers' fees, to the extent resulting from or arising out of (i) any operations or activities of the Indemnifying Party on the Site or the Easement Lands; (ii) any negligent or 11 intentional act or omission on the part of the Indemnifying Party; or (iii) any breach of this Lease by the Indemnifying Party. This indemnification shall not apply to losses, damages, claims, expenses and liabilities to the extent caused by any negligent or intentional act or omission on the part of the Indemnified Parry. This indemnification shall survive the termination of this Lease. (b) No Consequential Damages. Despite any provision in this Lease to the contrary, neither Tenant nor Landlord shall be liable to the other for incidental, consequential, special, punitive or indirect damages, including without limitation, loss of use, loss of profits, cost of capital or increased operating costs, arising out of this Lease whether by reason of contract, indemnity, strict liability, negligence, intentional conduct, breach of warranty or from breach of this Lease. The foregoing provision shall not prohibit Tenant or Landlord from seeking and obtaining general contract damages for a breach of this Lease. (c) Surface Damage. The parties anticipate and acknowledge that Landlord may suffer damage to crops, grass, fences, and other property or improvements on the Property during Tenant's construction, installation, decommission, relocation, and maintenance of the Generating Facility on the Site. Tenant shall pay Landlord fair compensation for any such losses or damage, and, if the parties cannot reach agreement on the amount that would constitute fair compensation, the issue shall be submitted to arbitration by a single arbitrator to be agreed upon by the parties. However, after construction is complete, Tenant shall not be responsible to pay Landlord any losses of income, rent, business opportunities, profits or other losses arising out of Landlord's inability to grow crops or otherwise use the Property (including the Site) or the Easement Lands. (d) Surface Damage Upon Termination/Decommission. Upon termination of this Lease or the decommissioning of the Generating Facility located on the Site, Tenant shall bear all costs and expenses of removing the Generating Facility and all equipment associated with it, with damages to Property being assessed and determined as set out in Section 12(c). (e) Waiver. The express remedies and measures of damages provided for in this Lease shall be the sole and exclusive remedies for a party under this Lease and all other remedies or damages at law or in equity are waived. 13. ASSIGNMENT AND SUBLETTING; PROTECTION FOR LENDERS (a) Neither party shall have the right to assign any of its rights, duties or obligations under this Lease without the prior written consent of the other party, which consent shall not be unreasonably withheld. Despite the foregoing, Tenant or its successors or assigns or sublessees may, without securing Landlord's consent, assign any of its rights, duties or obligations under this Lease, provided that any such assignee agrees in writing to be bound by the terms and conditions of this Lease and such assignment is: (i) to one or more of Tenant's Affiliates; (ii) to any present or future purchaser or lessee of the Generating Facility and/or the power generated by the Generating Facility; (iii) to any person or entity succeeding to all or substantially all of the assets of Tenant; (iv) to a successor entity in a merger or acquisition transaction; or (v) to one or more lenders (a "Lender") (whether they are Affiliates of or third parties to Tenant) in connection with a financing (including a tax equity financing or a financing A by sale -and -leaseback). The Tenant shall notify the Landlord of any assignment of its rights, duties or obligations under this Lease. Following any such assignment in subsections (i) through (iv) above, the assigning Tenant shall be released from any obligations arising under this Lease from and after the date of such assignment. (b) Tenant and its successors and assigns may, at any time and from time to time, without securing Landlord's consent, sublease or grant sub -easements with respect to any or all of Tenants right, title and interest in this Lease to any person or entity. With respect to any such sublease or sub -easement: (i) the term thereof shall not extend beyond the term of this Lease; (ii) such sublease or sub -easement shall be expressly made subject to all of the terms and conditions of this Lease; and (iii) no such sublease or sub -easement shall be effective unless in writing. Landlord agrees to enter into a non -disturbance and attornment agreement with any sublessee or holder of a subeasement in a form reasonably approved by Landlord. (c) With respect to an assignment pursuant to clause (v) of Section 13(a), Landlord acknowledges and agrees that, upon receipt of written direction by Lender, and despite any instructions to the contrary from Tenant, Landlord will recognize: Lender (or any third party to whom Lender has further assigned the rights of Tenant under this Lease), as the proper and lawful Tenant under this Lease of the Site with all of the rights and obligations of the Tenant under this Lease so long as Lender (or its assignee) performs the obligations of Tenant under this Lease; and, Lender's leasehold mortgage or other security from Tenant and Lender's rights to realize under such security. (d) Landlord shall be protected and shall incur no liability in acting or proceeding in good faith upon any such foregoing written notice and direction by Lender that Landlord shall in good faith believe (i) to be genuine and (ii) a copy of which to have been delivered to Tenant. Landlord shall be under no duty to make any investigation or inquiry into any statements contained or matters referred to in any such foregoing notice and direction, but may accept and rely upon them as conclusive evidence of the truth and accuracy of such statements. (e) Landlord and Tenant agree as follows with respect to Lenders: (i) They will not cancel, modify or terminate this Lease without the prior written consent of each of the Lenders. (ii) Landlord agrees to notify Lender in writing (at the address to be designated by Lender upon not less than five (5) Business Days' written notice to Landlord prior to any notice by Landlord hereunder) of any act or event of default of Tenant under the Lease of which Landlord has knowledge that would entitle Landlord to cancel, terminate, annul or modify the Lease or dispossess or evict Tenant from the Site or otherwise proceed with enforcement remedies against Tenant. Lender shall have the same amount of time as Tenant, plus an additional ten (10) days with respect to any monetary default and an additional thirty (30) days with respect to any non -monetary default, to cure any default by Tenant under the Lease and Landlord shall accept such performance as if such performance was done by Tenant itself, provided that in no event shall Lender be obligated to cure any such default. 13 (iii) If within such thirty (30) day period a Lender notifies Landlord that it must foreclose on Tenant's interest or otherwise take possession of Tenant's interest under this Lease in order to cure the default, Landlord shall not terminate this Lease and shall permit such Lender a sufficient period of time as may be necessary for such Lender, with the exercise of due diligence, to foreclose or acquire Tenant's interest under this Lease and to perform or cause to be performed all of the covenants and agreements to be performed and observed by "Tenant. Upon the sale or other transfer of any interest in the rights granted hereunder by any Lender, such Lender shall have no further duties or obligations hereunder. (iv) In case of the termination of this Lease as a result of any default or the bankruptcy, insolvency or appointment of a receiver in bankruptcy for Tenant, Landlord shall give prompt notice to the Lenders. Landlord shall, upon written request of the first priority Lender, made within forty (40) days after notice to such Lender, enter into a new lease with such Lender, or its designee, within twenty (20) days after the receipt of such request. Such new lease shall be effective as of the date of the termination of this Lease by reason of default by Tenant, and shall be for a term equal to the remainder of the Term of this Lease and upon the same terms, covenants, conditions and agreements as contained in this Lease. Upon the execution of any such new lease, the Lender shall (a) pay Landlord any amounts which are due Landlord from Tenant, (b) pay Landlord any and all amounts which would have been due under this Lease (had this Lease not been terminated) from the date of the termination of this Lease to the date of the new lease, and (c) agree in writing to perform or cause to be performed all of the other covenants and agreements set forth in this Lease to be performed by Tenant, including but not limited to the agreement for indemnification, to the extent that Tenant failed to perform the same prior to the execution and delivery of the new lease. (v) Landlord waives any lien it may have, by operation of law or otherwise, in and to the Generating Facility or to any personal property of Tenant. Landlord further agrees to notify any purchaser of the Property, and any subsequent mortgagee or other encumbrance holder, of the existence of the foregoing waiver of Landlord's lien, which shall be binding upon the executors, administrators, successors and transferees of Landlord, and shall inure to the benefit of the successors and assigns of Lender. (vi) Landlord consents to Lender's security interest in the Generating Facility and waives all right of distraint or seizure for rent and all claims and demands of every kind against the Generating Facility, such waiver to continue so long as any sum remains owing from Tenant to the Lender. Landlord agrees that the Generating Facility shall not be subject to distraint or execution by, or to any claim of, Landlord. (vii) Landlord hereby irrevocably agrees and consents to refrain from taking any action to bar, restrain or otherwise prevent a Lender from the Site and the Property and the Easement Lands for the purpose of inspecting the Generating Facility. (viii) At the request of Lender, Landlord shall enter into an agreement with Lender providing for the matters set out above in this Sections 13 (a) toe), 14 inclusive, affecting Lender, on terms satisfactory to Lender, Landlord and Tenant, each acting reasonably. 14. EVENTS OF DEFAULT Each of the following shall constitute an event of default, which shall permit the non -defaulting party to pursue such remedies as may be available at law or equity (subject to Section 12(b) and Article 13): (a) any failure by Tenant to pay any rent pursuant to Article 4 when due hereunder if the failure to pay continues for thirty (30) days after written notice from Landlord; or (b) any other material breach of this Lease by either party that continues for thirty (30) days after written notice of default from the non -defaulting party or, if the cure will take longer than thirty (30) days, the length of time necessary to effect cure as long as the defaulting party is making diligent efforts to cure during that time. 15. CONDEMNATION Should title or possession of all of the Property or the Easement Lands be taken in condemnation proceedings by a government agency, governmental body or private party under the exercise of the right of eminent domain, or should a partial taking render the remaining portion of the Property or the Easement Lands wholly unsuitable for Tenant's use, then this Lease shall terminate upon such vesting of title or taking of possession. In the event of condemnation of only a portion of the subject Property or the Easement Lands, Tenant shall have the right to terminate this Lease upon written notice to Landlord. Also, Tenant or Tenant's designee or assignee shall have the right to participate in any settlement discussions involving Landlord and the condemning authority. Landlord shall receive all condemnation payments except that Tenant is entitled to any amount awarded to compensate for: 1) the removal or relocation of the Generating Facility; 2) loss or damage to any portion of the Generating Facility which Tenant cannot remove or is required not to remove; and 3) loss of use or value of this Lease. 16. MISCELLANEOUS (a) Governing Law. This Lease will be governed by and construed in accordance with the laws of the State of North Carolina. (b) Jurisdiction. Each party agrees: (i) that any action or proceeding relating to this Lease may (but need not) be brought in any court of competent jurisdiction in the State of North Carolina, and for that purpose now irrevocably and unconditionally submits to the jurisdiction of such court in the State of North Carolina; (ii) that it irrevocably waives any right to, and will not, oppose any such action or proceeding in the State of North Carolina on any jurisdictional basis, including forum non conveniens; and (iii) not to oppose the enforcement against it in any other jurisdiction of any judgment or order duly obtained from a court of the State of North Carolina as contemplated by this Section 16(b). 15 (c) Notices. Any notice or communication required or permitted under this Lease shall be given in writing, sent by (a) personal delivery delivered by a representative of the party giving such notice, or (b) overnight delivery by recognized overnight courier, or (c) fax, addressed as follows. If to Tenant: County Home Solar Center, LLC 321 East Main St., Suite 300 Charlottesville, VA 22902 Attn: Nelson Teague If to Landlord: Steve W. and Glenda Cline 1129 County Home Rd. Shelby, NC 28152 or to such other address or to the attention of such other person as hereafter shall be designated in writing by the applicable party sent in accordance with this Section. Any such notice or communication shall be deemed to have been delivered: if by personal delivery, when actually received by the addressee or a representative of the addressee at the address provided above; or, if by fax, upon electronic confirmation of receipt by the receiving fax machine. (d) Publici . Except as otherwise required by law, government regulations or the requirements of any securities exchange, neither party shall make any public release or announcements regarding this Lease or the subject matter hereof without the other parry's written consent. (e) Severability. If any clause, provision or section of this Lease is ruled invalid by any court of competent jurisdiction, the invalidity of such clause, provision or section shall not affect any of the remaining provision s herein. (f) Entire Agreement. This Lease constitutes the entire agreement between the parties pertaining to the subject matter of this Lease and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written. There are no conditions, warranties, representations or other agreements between the parties in connection with the subject matter of this Lease (whether oral or written, express or implied, statutory or otherwise) except as specifically set out in this Lease. (g) Counterparts and Fax or Email/Pdf. This Lease may be executed in counterpart or by fax, or by emailing .pdf or other compressed digital files, or any combination of the foregoing. All counterparts together shall constitute one and the same Lease. (h) Amendments. No amendment or modification of this Lease shall be binding unless in writing and duly executed by both parties. (i) Further Assurances. Each of the parties shall from time to time do all such further acts and execute and deliver all such further documents as shall be reasonably required in order to fully perform and carry out the terms, intent and purposes of this Lease. 16 0) Estoppel Certificates. Either party, without charge, at any time and from time to time, within ten (10) Business Days after receipt of written request by the other party to this Lease, shall deliver a written certificate, duly executed, certifying to such requesting party (or any other Person specified by such requesting party): (1) that this Lease is unmodified and in full force and effect, or if it has been modified, that the Lease is in full force and effect as so modified, and identifying any such modification; (ii) whether, to the knowledge of such party, there are then existing any offsets or defenses in favor of such party against the enforcement of any of the terms, covenants and conditions of this Lease and, if so, specifying them, and also whether, to the knowledge of such party, the other party has observed and performed all of the terms, covenants and conditions on its part to be observed and performed, and, if not, specifying them; (iii) the dates to which rent and all other charges under this Lease have been paid; and (iv) such other information or statements regarding the status of this Lease as may be reasonably requested by a party or a party's lender. Any such certificate given under this Lease may be relied upon by the recipient of it, except to the extent the recipient has actual knowledge of facts contrary to those contained in the certificate. (k) Registration. Landlord consents to and hereby appoints Tenant as its attorney in fact for the purpose of registering a short -form or memorandum of this Lease in the applicable land registry -office where the Site is located. Tenant shall be entitled to, and is hereby authorized to, file one or more financing statements or notices of security interest in such jurisdictions as it deems appropriate with respect to the Generating Facility in order to protect its rights in the Generating Facility or in connection with the grant of a security interest in the Generating Facility to any Lender. Landlord agrees to execute a short -form or memorandum of this Lease upon request by Tenant. (1) Unavoidable Delay. If either party to this Lease shall be unable to perform any of the terms, obligations, or conditions contained in this Lease due to Unavoidable Delay, then such party shall be deemed not to be in default under the Lease for the period of such delay and the time for the performance of any such term, obligation or condition shall be extended for the period of such delay. However, despite anything contained in this Lease to the contrary, nothing in this subsection shall relieve the Tenant from payment of rent as required in this Lease and insolvency or lack of funds shall not relieve any party to this Lease from fulfilment of any obligation arising from any part of this Lease. (m) Attorneys Fees. In the event of litigation or arbitration for the interpretation, enforcement, termination or cancellation hereof, or for damages resulting from a default hereunder, or which in any manner relates to this Lease, the prevailing party shall be 17 entitled to recover from the other party an amount equal to its actual, reasonable and verifiable out-of-pocket expenses, costs and attorneys' fees incurred in connection therewith. [Signature page to follow] 18 IN WITNESS OF WHICH, the parties have executed and delivered this Lease as of the date first set out above. LAND D; BY:, - — Steve W. Cline _y BY i �t�:. _ L& vim_ GIenda Cline Stefanic Cline Harrill By Brandon Harr � 'Shelley day e TENANT: County Home Solar Center, LLC, a North Carolina limited liability company By: —D� NAlson S. 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