Document/ExhibitDescriptionPagesSize
1: 10-Q Quarterly Report HTML 2.64M
2: EX-10.2 Material Contract HTML 52K
3: EX-31.1 Certification -- §302 - SOA'02 HTML 34K
4: EX-31.2 Certification -- §302 - SOA'02 HTML 34K
5: EX-32.2 Certification -- §906 - SOA'02 HTML 33K
11: R1 Cover page HTML 82K
12: R2 Condensed Consolidated Balance Sheets HTML 196K
13: R3 Condensed Consolidated Balance Sheets HTML 49K
(Parenthetical)
14: R4 Condensed Consolidated Statements of Operations HTML 194K
15: R5 Condensed Consolidated Statements of Comprehensive HTML 69K
Income (Loss)
16: R6 Condensed Consolidated Statements of Equity HTML 119K
17: R7 Condensed Consolidated Statements of Cash Flows HTML 173K
18: R8 Organization and Summary of Significant Accounting HTML 50K
Policies
19: R9 Discontinued Operations HTML 98K
20: R10 Transactions With Total and Total Energies SE HTML 86K
21: R11 Revenue from Contracts with Customers HTML 58K
22: R12 Balance Sheet Components HTML 136K
23: R13 Goodwill and Intangible Assets HTML 60K
24: R14 Fair Value Measurements HTML 81K
25: R15 Restructuring HTML 90K
26: R16 Commitments and Contingencies HTML 101K
27: R17 Equity Investments HTML 95K
28: R18 Debt and Credit Sources HTML 104K
29: R19 Related-Party Transactions HTML 86K
30: R20 Income Taxes HTML 39K
31: R21 Net Income (Loss) Per Share HTML 97K
32: R22 Stock-Based Compensation HTML 45K
33: R23 Organization and Summary of Significant Accounting HTML 56K
Policies (Policies)
34: R24 Discontinued Operations (Tables) HTML 96K
35: R25 Transactions With Total and Total Energies SE HTML 83K
(Tables)
36: R26 Revenue from Contracts with Customers (Tables) HTML 54K
37: R27 Balance Sheet Components (Tables) HTML 151K
38: R28 Goodwill and Intangible Assets (Tables) HTML 61K
39: R29 Fair Value Measurements (Tables) HTML 75K
40: R30 Restructuring (Tables) HTML 88K
41: R31 Commitments and Contingencies (Tables) HTML 91K
42: R32 Equity Investments (Tables) HTML 128K
43: R33 Debt and Credit Sources (Tables) HTML 101K
44: R34 Related-Party Transactions (Tables) HTML 83K
45: R35 Net Income (Loss) Per Share (Tables) HTML 97K
46: R36 Stock-Based Compensation (Tables) HTML 44K
47: R37 Organization and Summary of Significant Accounting HTML 59K
Policies (Details)
48: R38 Discontinued Operations - Narrative (Details) HTML 50K
49: R39 Discontinued Operations - Gain on Sale (Details) HTML 48K
50: R40 Discontinued Operations - Assets and Liabilities HTML 104K
(Details)
51: R41 Discontinued Operations - Operations Income HTML 73K
Statement (Details)
52: R42 Discontinued Operations - Non-cash Items and HTML 45K
Capital Expenditures (Details)
53: R43 Transactions With Total and Total Energies SE - HTML 43K
Narrative (Details)
54: R44 Transactions With Total and Total Energies SE - HTML 38K
Clearwater Energy Group (Details)
55: R45 Transactions With Total and Total Energies SE - HTML 58K
Affiliation Agreement (Details)
56: R46 Transactions With Total and Total Energies SE - HTML 50K
4.00% Debentures Due 2023 (Details)
57: R47 Transactions With Total and Total Energies SE - HTML 40K
Schedule of Related Party Transactions (Details)
58: R48 Transactions With Total and Total Energies SE - HTML 43K
Revenue from Related Parties (Details)
59: R49 Revenue from Contracts with Customers - HTML 49K
Disaggregation of Revenue (Details)
60: R50 Revenue from Contracts with Customers - Contract HTML 34K
Assets and Liabilities (Details)
61: R51 Revenue from Contracts with Customers - Contract HTML 42K
Assets and Liabilities Narrative (Details)
62: R52 Revenue from Contracts with Customers - HTML 37K
Performance Obligations (Details)
63: R53 Balance Sheet Components - Accounts Receivable, HTML 41K
Net (Details)
64: R54 Balance Sheet Components - Allowance for Credit HTML 38K
Losses (Details)
65: R55 Balance Sheet Components - Inventories (Details) HTML 43K
66: R56 Balance Sheet Components - Prepaid Expenses and HTML 44K
Other Current Assets (Details)
67: R57 Balance Sheet Components - Property, Plant and HTML 57K
Equipment, Net (Details)
68: R58 Balance Sheet Components - Other Long-term Assets HTML 51K
(Details)
69: R59 Balance Sheet Components - Accrued Liabilities HTML 55K
(Details)
70: R60 Balance Sheet Components - Other Long-term HTML 55K
Liabilities (Details)
71: R61 Balance Sheet Components - Accumulated Other HTML 38K
Comprehensive Income (Details)
72: R62 Goodwill and Intangible Assets - Schedule of Other HTML 47K
Intangible Assets (Details)
73: R63 Goodwill and Intangible Assets - Narrative HTML 39K
(Details)
74: R64 Goodwill and Intangible Assets - Schedule of HTML 40K
Future Amortization Expense (Details)
75: R65 Fair Value Measurements - Narrative (Details) HTML 53K
76: R66 Fair Value Measurements - Summary of Assets and HTML 44K
Liabilities Measured and Recorded at Fair Value on
a Recurring Basis (Details)
77: R67 Fair Value Measurements - Equity Method HTML 38K
Investments Activity (Details)
78: R68 Fair Value Measurements - Level 3 Significant HTML 47K
Unobservable Input Sensitivity (Details)
79: R69 Restructuring - Narrative (Details) HTML 78K
80: R70 Restructuring - Cost (Details) HTML 54K
81: R71 Restructuring - Rollforward (Details) HTML 59K
82: R72 Commitments and Contingencies - Facility and HTML 50K
Equipment Leases (Details)
83: R73 Commitments and Contingencies - Future Maturities HTML 48K
(Details)
84: R74 Commitments and Contingencies - Purchase HTML 42K
Commitment (Details)
85: R75 Commitments and Contingencies - Purchase HTML 31K
Commitment - Narrative (Details)
86: R76 Commitments and Contingencies - Product Warranties HTML 37K
(Details)
87: R77 Commitments and Contingencies - Product Warranties HTML 31K
- Narrative (Details)
88: R78 Commitments and Contingencies - Indemnifications - HTML 41K
Narrative (Details)
89: R79 Equity Investments - Equity Method Investments HTML 69K
(Details)
90: R80 Equity Investments - Unconsolidated VIEs (Details) HTML 43K
91: R81 Equity Investments - Summarized Financial HTML 95K
Information of Unconsolidated VIEs (Details)
92: R82 Equity Investments - Related Party Transactions HTML 43K
with Investees (Details)
93: R83 Equity Investments - Consolidated VIEs (Details) HTML 51K
94: R84 Debt and Credit Sources - Schedule of Debt HTML 70K
(Details)
95: R85 Debt and Credit Sources - Schedule of Maturities HTML 48K
(Details)
96: R86 Debt and Credit Sources - Schedule of Convertible HTML 43K
Debt (Details)
97: R87 Debt and Credit Sources - Deutsche Bank Trust HTML 37K
(Details)
98: R88 Debt and Credit Sources - Bank of the West HTML 38K
(Details)
99: R89 Debt and Credit Sources - Term Loan Facility with HTML 37K
Credit Suisse AG (Details)
100: R90 Related-Party Transactions - Narrative (Details) HTML 34K
101: R91 Related-Party Transactions (Details) HTML 55K
102: R92 Income Taxes (Details) HTML 62K
103: R93 Net Income (Loss) Per Share - Calculation of Basic HTML 133K
and Diluted Net Income (Loss) per share
Attributable (Details)
104: R94 Net Income (Loss) Per Share - Anti-dilutive HTML 39K
Securities (Details)
105: R95 Stock-Based Compensation (Details) HTML 39K
108: XML IDEA XML File -- Filing Summary XML 205K
106: XML XBRL Instance -- spwr-20220703_htm XML 3.55M
107: EXCEL IDEA Workbook of Financial Reports XLSX 217K
7: EX-101.CAL XBRL Calculations -- spwr-20220703_cal XML 352K
8: EX-101.DEF XBRL Definitions -- spwr-20220703_def XML 984K
9: EX-101.LAB XBRL Labels -- spwr-20220703_lab XML 2.22M
10: EX-101.PRE XBRL Presentations -- spwr-20220703_pre XML 1.49M
6: EX-101.SCH XBRL Schema -- spwr-20220703 XSD 256K
109: JSON XBRL Instance as JSON Data -- MetaLinks 557± 860K
110: ZIP XBRL Zipped Folder -- 0000867773-22-000055-xbrl Zip 2.06M
This Amendment to Securities Purchase Agreement (this “Amendment”) is made and entered into
effective as of June 29, 2022, by and among SunPower Corporation, a Delaware corporation (together with its successors, “SunPower”), Falcon Acquisition HoldCo, Inc., a Delaware corporation (together with its successors, “AcquisitionCo,” and collectively with SunPower, “Purchaser”), and Peterson Partners VII, L.P., a Delaware limited partnership, solely in its capacity as Sellers’
representative (“Seller Representative”).
A. Effective as of October 4, 2021, Peterson Partners VII, L.P., a Delaware limited partnership, Jenny Lynn Lee, as Trustee of The Keyhole Canyon Trust,
dated July 28, 2021, Michael R. Cahill, as Trustee of The Skein Trust, dated July 13, 2021, Michael R. Cahill, as Trustee of The Gosling Trust, dated July 13, 2021, Jeffrey Lee, Benjamin Peterson and Michael Rands (collectively, “Principal Sellers”), The Church of Jesus Christ of Latter-day Saints, a Utah corporation sole (the “Charitable Seller,” and collectively with Principal Sellers, “Sellers”), Purchaser, and Seller Representative entered into a Securities Purchase Agreement (the “Purchase Agreement”).
B. Section 10.4 of the Purchase Agreement provides
that the Purchase Agreement may be amended by a written instrument entered into by Purchaser and Seller Representative; provided that the Purchase Agreement may not be amended in a manner that is adverse to the Charitable Seller, without the prior written consent of the Charitable Seller.
C. The parties hereto desire to amend the Purchase Agreement to modify Section 2.5 of the Purchase Agreement as set forth herein.
NOW THEREFORE, intending to be legally bound, and in consideration of the mutual promises, covenants, and conditions contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Certain
Definitions. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement.
2. Amendment to Section 2.5(a). Section 2.5(a) of the Purchase Agreement is hereby deleted in its entirety and replaced with the following (with deleted text indicated by strikethrough marks and additional text indicated by bold, double-underscoring):
(a) Deferred Service Provider Payments. Purchaser shall pay to Blue Raven and Blue Raven shall pay or cause to be paid the Deferred Service Provider Payments to each individual entitled to payment thereof in
the amounts, on the dates and subject to the terms set forth in the respective Retention Bonus Agreements. In the event that any such individual is no longer providing services to Blue Raven such individual shall forfeit the right to receive any payments that otherwise would have been made subsequent to the date such individual ceased being employed by Blue Raven. All such forfeited amounts shall be owed to the Forfeited Deferred Service Provider Payments Recipients (as defined below) in the amounts designated by the Seller Representative on Schedule F of the Funds Flow Memorandum, which schedule shall be provided by Seller Representative to Purchaser at least five (5) Business Days prior to the date on which Purchaser is obligated to pay any forfeited Deferred Service Provider Payments hereunder (and subject to the terms set forth below in the definition of Forfeited Deferred Service Provider Payments Recipients) Sellers
(and treated as part of the Purchase Price), and shall be paid by Blue Raven on behalf of Purchaser (with funds provided by Purchaser) to within five (5) days after the date such amounts would have otherwise been payable to such individuals, if any, as follows: (a) with respect to those Forfeited Deferred Service Provider Payments Recipients who are employees of Blue Raven and are not Sellers, payments shall be made directly to such employees, and (b) with respect to Forfeited Deferred Service Provider Payments Recipients who are Sellers, payments shall be made to Sellers Representative (for distribution to such Sellers in the amounts designated by the Seller Representative) (and payments made to Sellers shall be treated as part of the Purchase
Price, but payments made to employees that are not Sellers shall not be treated as part of the Purchase Price) their respective pro rata shares as set forth in the Funds Flow Memorandum) within five (5) days after the date such amounts would have otherwise been payable to such individuals, if any. Notwithstanding the
EXHIBIT 10.2
foregoing, Purchaser agrees that Blue Raven may accelerate payment of the Deferred Service Provider Payments to one or more individuals upon the prior written approval of Purchaser. The “Forfeited Deferred Service Provider Payments Recipients” shall consist of those Sellers and those non-Seller employees of Blue Raven that Seller Representative designates
as being a recipient of forfeited Deferred Service Provider Payments (as set forth in Schedule F of the Funds Flow Memorandum); provided that (x) Peterson Partners VII, L.P., a Delaware limited partnership, shall not be a Forfeited Deferred Service Provider Payments Recipient, and (y) each of the Charitable Seller and Jenny Lynn Lee, as Trustee of The Keyhole Canyon Trust, dated July 28, 2021, shall be a Forfeited Deferred Service Provider Payments Recipient and shall receive its pro rata share (at the percentages set forth in “Schedule G | 2022 Contingent Payment” of the Funds Flow Memorandum) of any forfeited Deferred Service Provider Payments.
3. Amendment to Sections 2.5(d)(i) and 2.5(d)(ii). Sections 2.5(d)(i) and 2.5(d)(ii) of the Purchase Agreement are hereby deleted in their
entirety and replaced with the following (with deleted text indicated by strikethrough marks and additional text indicated by bold, double-underscoring):
(i) Without limiting the foregoing in this Section 2.5 and notwithstanding anything to the
contrary herein, the maximum 2022 Contingent Payment of $20,000,000 shall be accelerated upon any of the following events: (A) the consummation of a Change in Control of SunPower or Blue Raven (or the subsidiary or division of SunPower that operates Blue Raven’s business following the Closing) during the Contingent Payment Period (other than the Change in Control of Blue Raven pursuant to this Agreement); or (B) the termination by SunPower or Blue Raven of Ben’s employment
with SunPower or Blue Raven without Cause or by Ben for Good Reason. Within five (5) Business Days following the effectiveness of either of such events, (1) SunPower shall pay Sellers’ 2022 Contingent Payment Amount to Sellers Representative (for distribution to Sellers in their respective pro rata shares as set forth in the Funds Flow Memorandum) by wire transfer of immediately available funds to the account designated by Sellers Representative, and (2) Purchaser shall cause Blue Raven to deliver the amount of the Deferred Service Provider Payments that are part of the 2022 Contingent Payment to each individual entitled to payment thereof and, with respect to any forfeited amounts, to the Forfeited Deferred Service Provider Payments Recipients pursuant to Section 2.5(a) Sellers Representative (for distribution to Sellers in their respective pro rata shares as set forth in the Funds Flow Memorandum).
(ii)
Without limiting the foregoing in this Section 2.5 and notwithstanding anything to the
contrary herein, all of the Deferred Service Provider Payments shall be accelerated upon the consummation of a Change in Control of SunPower or Blue Raven (or the subsidiary or division of SunPower that operates Blue Raven’s business following the Closing) during the period beginning on the Closing and ending on the date on which the Deferred Service Provider Payments would 3 be otherwise due and payable (other than the Change in Control of Blue Raven pursuant to this Agreement). Within five (5) Business Day following the effectiveness of such event, SunPower shall cause Blue Raven to deliver the Deferred Service Provider Payments to each individual entitled to payment thereof and, with respect to any forfeited amounts, to the Forfeited Deferred Service Provider Payments
Recipients pursuant to Section 2.5(a) Sellers Representative (for distribution to Sellers in their respective pro rata shares as set forth in the Funds Flow Memorandum).
4. Amendment to Schedule F of the Funds Flow Memorandum. Schedule F of the Funds Flow Memorandum (entitled “Schedule F | Pro Rata Share of any Forfeited Deferred Service Provider Payments”) shall be deleted in its entirety and shall be replaced by one or more schedules (which shall be in accordance with Section 2.5(a)) to be provided to Purchaser by Seller Representative at least five (5) Business Days prior to the date on which Purchaser is obligated to pay any forfeited Deferred Service Provider Payments pursuant to Section 2.5(a).
5.
Effectiveness. Except as modified hereby, the Purchase Agreement shall remain in full force and effect. On or after the Effective Date of this Amendment, each reference in the Purchase Agreement to “this Agreement,”“hereunder,”“hereof,”“herein” or words of like import shall mean and be a reference to the Purchase Agreement as amended by this Amendment.
6. Counterparts. This Amendment may be executed in any number of counterparts, each of which will be deemed an original, but all of which, taken together, will constitute one and the same agreement, binding on the Parties. The signature of any Party to any counterpart hereof will be deemed a signature to, and may be appended to, any other counterpart hereof. In the event that any signature to this Amendment is
delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file (or any other electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g. www.docusign.com), such signature will create a valid and binding obligation of the Party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof. Once signed, this Amendment may be delivered by facsimile or “.pdf” format, and any reproduction of this Amendment made by reliable means (e.g., photocopy, facsimile or portable document format) is considered an original.
EXHIBIT 10.2
[Remainder
of page intentionally left blank; signature page to follow]
EXHIBIT
10.2
IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment to be effective