SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • June 29th, 2021 • Communications Systems Inc • Telephone & telegraph apparatus • New York
Contract Type FiledJune 29th, 2021 Company Industry JurisdictionThis Securities Purchase Agreement (this “Agreement”) is dated as of June 28, 2021, between Communications Systems, Inc., a Minnesota corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”).
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • February 5th, 2024 • Pineapple Energy Inc. • Telephone & telegraph apparatus • New York
Contract Type FiledFebruary 5th, 2024 Company Industry JurisdictionThis Securities Purchase Agreement (this “Agreement”) is dated as of February ___, 2024, between Pineapple Energy, Inc., a Minnesota corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively the “Purchasers”).
Communications Systems, Inc. WARRANT TO PURCHASE COMMON STOCKCommunications Systems Inc • June 29th, 2021 • Telephone & telegraph apparatus • New York
Company FiledJune 29th, 2021 Industry JurisdictionCommunications Systems, Inc., a Minnesota corporation (the “Company”), hereby certifies that, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, , the registered holder hereof or its permitted assigns (the “Holder”), is entitled, subject to the terms set forth below, to purchase from the Company, at the Exercise Price (as defined below) then in effect, at any time or times on or after the Issuance Date, but not after 11:59 p.m., New York time, on the Expiration Date, the Warrant Shares (as defined below). Except as otherwise defined herein, capitalized terms in this Warrant to Purchase Common Stock (including any Warrants to Purchase Common Stock issued in exchange, transfer or replacement hereof, this “Warrant”), shall have the meanings set forth in Section 12. This Warrant is one of the Warrants to Purchase Common Stock (the “Warrants”) issued in connection with the transactions contemplated by that certain Securities Purchase Agreement
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • June 29th, 2021 • Communications Systems Inc • Telephone & telegraph apparatus • New York
Contract Type FiledJune 29th, 2021 Company Industry JurisdictionThis REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made as of June 28, 2021 by and among Communications Systems, Inc., a Minnesota corporation (the “Company”), and the several purchasers signatory hereto (each, a “Purchaser” and collectively, the “Purchasers”).
PINEAPPLE ENERGY INC. CHANGE IN CONTROL AGREEMENTChange in Control Agreement • December 9th, 2022 • Pineapple Energy Inc. • Telephone & telegraph apparatus • Minnesota
Contract Type FiledDecember 9th, 2022 Company Industry JurisdictionThis CHANGE IN CONTROL Agreement is entered into effective as of the 5th day of December, 2022 (the “Effective Date”) by and between PINEAPPLE ENERGY INC., a Minnesota corporation (the “Company”), and Kyle Udseth (the “Executive”).
CONTINGENT VALUE RIGHTS AGREEMENTContingent Value Rights Agreement • March 29th, 2022 • Pineapple Holdings, Inc. • Telephone & telegraph apparatus • Minnesota
Contract Type FiledMarch 29th, 2022 Company Industry JurisdictionTHIS CONTINGENT VALUE RIGHTS AGREEMENT, dated as of March 25, 2022 (this “Agreement”), by and among COMMUNICATIONS SYSTEMS, INC., a Minnesota corporation (the “Parent”), Equiniti Trust Company, as Rights Agent (the “Rights Agent”), and Richard A. Primuth, in his capacity as the initial CVR Holders’ Representative (the “CVR Holders’ Representative”).
EMPLOYMENT AGREEMENTEmployment Agreement • December 9th, 2022 • Pineapple Energy Inc. • Telephone & telegraph apparatus • Minnesota
Contract Type FiledDecember 9th, 2022 Company Industry JurisdictionThis Employment Agreement (“Agreement”) is effective as of the 5th day of December, 2022 (“Effective Date”), by and between Pineapple Energy Inc., a Minnesota corporation (the “Company”) and Eric Ingvaldson (the “Employee”).
SECURITIES PURCHASE AGREEMENT by and between LANTRONIX, INC., as Purchaser, and COMMUNICATIONS SYSTEMS, INC., as Seller April 28, 2021Securities Purchase Agreement • April 29th, 2021 • Communications Systems Inc • Telephone & telegraph apparatus • Delaware
Contract Type FiledApril 29th, 2021 Company Industry JurisdictionTHIS SECURITIES PURCHASE AGREEMENT (this “Agreement”) is made as of April 28, 2021, by and between LANTRONIX, INC., a Delaware corporation (“Purchaser”), and COMMUNICATIONS SYSTEMS, INC., a Minnesota corporation (“Seller”).
AMENDED AND RESTATED SECURITY AGREEMENTSecurity Agreement • August 18th, 2016 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
Contract Type FiledAugust 18th, 2016 Company Industry JurisdictionTHIS AMENDED AND RESTATED SECURITY AGREEMENT (this “Agreement”) is entered into as of August 12, 2016, by and among Communications Systems, Inc., a Minnesota corporation (“Communications Systems”), JDL Technologies, Incorporated, a Minnesota corporation (“JDL”), Transition Networks, Inc., a Minnesota corporation (“Transition Networks”), and Suttle, Inc., a Minnesota corporation (“Suttle”, together with Communications Systems, JDL and Transition Networks, “Grantors” and each a “Grantor”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, “Lender”).
PINEAPPLE ENERGY LLC SUBSCRIPTION AGREEMENTSubscription Agreement • January 26th, 2022 • Communications Systems Inc • Telephone & telegraph apparatus • Delaware
Contract Type FiledJanuary 26th, 2022 Company Industry JurisdictionThis SUBSCRIPTION AGREEMENT (this “Agreement”) is entered into as of December 16, 2021 by and between Pineapple Energy LLC, a Delaware limited liability company (the “Company”), and Lake Street Solar LLC, a Delaware limited liability company (“Subscriber”).
EMPLOYMENT AGREEMENTEmployment Agreement • March 31st, 2021 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
Contract Type FiledMarch 31st, 2021 Company Industry JurisdictionThis Employment Agreement (“Agreement”) is effective as of the 1st day of December 2020 (“Effective Date”), by and between Communications Systems, Inc., a Minnesota corporation (the “Company”) and Anita Kumar (the “Employee”).
Voting AgreementVoting Agreement • March 3rd, 2021 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
Contract Type FiledMarch 3rd, 2021 Company Industry JurisdictionVOTING AGREEMENT, dated as of March 1, 2021 (this “Agreement”), by and among Pineapple Energy LLC, a Delaware limited liability company (“Pineapple”), Communications Systems, Inc., a Minnesota corporation (“Parent”), and the undersigned holders (the “Shareholders” and each, a “Shareholder”) of capital stock of Parent. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Merger Agreement (as hereinafter defined).
SECURITY AGREEMENT: SECURITIES ACCOUNTSecurity Agreement • September 3rd, 2020 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
Contract Type FiledSeptember 3rd, 2020 Company Industry JurisdictionThis Agreement amends and restates in its entirety, and is given as a replacement for, and not in satisfaction of or as a novation with respect to, that certain Amended and Restated Security Agreement dated as of August 12, 2016 among Debtor, JDL Technologies, Incorporated, Suttle, Inc., Transition Networks, Inc. and Bank (as amended to date, the “Original Security Agreement”). It is the intent of the parties hereto that the security interests and liens granted in any collateral under and pursuant to the Original Security Agreement shall continue in full force and effect to the extent set forth herein.
COMMUNICATIONS SYSTEMS, INC. and WELLS FARGO BANK, N.A. Rights Agent RIGHTS AGREEMENT Dated as of December 23, 2009Rights Agreement • December 30th, 2009 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
Contract Type FiledDecember 30th, 2009 Company Industry JurisdictionRIGHTS AGREEMENT, dated as of December 23, 2009 (the “Agreement”), between Communications Systems, Inc., a Minnesota corporation (the “Company”), and Wells Fargo Bank, N.A., a Minnesota corporation (the “Rights Agent”).
consent and amendment to LOAN AND SECURITY AGREEMENTLoan and Security Agreement • January 26th, 2022 • Communications Systems Inc • Telephone & telegraph apparatus • California
Contract Type FiledJanuary 26th, 2022 Company Industry JurisdictionTHIS CONSENT AND AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is made and dated as of December 16, 2021 and is entered into by and between PINEAPPLE ENERGY LLC, a Delaware limited liability company, for itself and on behalf of any Subsidiary (collectively, “Borrower”), and HERCULES CAPITAL, INC., a Maryland corporation, in its capacity as Lender (“Lender”) and as administrative agent and collateral agent for itself and the Lender (in such capacity, “Agent”).
WORKING CAPITAL LOAN AND SECURITY AGREEMENTWorking Capital Loan and Security Agreement • November 12th, 2021 • Communications Systems Inc • Telephone & telegraph apparatus • California
Contract Type FiledNovember 12th, 2021 Company Industry JurisdictionTHIS WORKING CAPITAL LOAN AND SECURITY AGREEMENT is made and dated as of January 8, 2021 and is entered into by and between PINEAPPLE ENERGY LLC, a Delaware limited liability company, for itself and on behalf of any Subsidiary (collectively, “Borrower”), and HERCULES CAPITAL, INC., a Maryland corporation, in its capacity as administrative agent and collateral agent (in such capacity, the “Agent”) for itself and the Lenders set forth on Schedule 1.1 attached hereto (the “Lenders”).
WORKING CAPITAL LOAN AND SECURITY AGREEMENTJoinder Agreement • January 26th, 2022 • Communications Systems Inc • Telephone & telegraph apparatus • California
Contract Type FiledJanuary 26th, 2022 Company Industry JurisdictionTHIS FIRST AMENDMENT TO WORKING CAPITAL LOAN AND SECURITY AGREEMENT (the “Amendment”) is entered into and made effective as of December 16, 2021 (the “Effective Date”) by and between PINEAPPLE ENERGY LLC, a Delaware limited liability company, for itself and on behalf of any Subsidiary (collectively, “Borrower”), and HERCULES CAPITAL, INC., a Maryland corporation, in its capacity as administrative agent and collateral agent (in such capacity, the “Agent”) for itself and the Lenders set forth on Schedule 1.1 attached to the Loan Agreement (the “Lenders”).
THIRD AMENDMENT TO CREDIT AGREEMENT AND FIRST AMENDMENT TO AMENDED AND RESTATED REVOLVING NOTECredit Agreement • November 6th, 2014 • Communications Systems Inc • Telephone & telegraph apparatus
Contract Type FiledNovember 6th, 2014 Company IndustryThis Third Amendment to Credit Agreement and First Amendment to Amended and Restated Revolving Note (this “Amendment”), dated as of October 31, 2014, is entered into by and between COMMUNICATIONS SYSTEMS, INC., a Minnesota corporation (“Communications Systems”), JDL TECHNOLOGIES, INCORPORATED, a Minnesota corporation (“JDL”), TRANSITION NETWORKS, INC., a Minnesota corporation (“Transition Networks”, together with Communications Systems and JDL, “Borrowers” and each a “Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Lender”).
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • November 12th, 2021 • Communications Systems Inc • Telephone & telegraph apparatus • Delaware
Contract Type FiledNovember 12th, 2021 Company Industry JurisdictionThis Agreement (this “Agreement”) is entered into on March 1, 2021, by and among (i) Hawaii Energy Connection, LLC, a Hawaii limited liability company, and E-Gear, LLC, a Hawaii limited liability company (each a “Seller” and together, the “Company”), (ii) Steven P. Godmere, a resident of the State of Hawaii, as representative for the Sellers (the “Seller Representative”), and (iii) Pineapple Energy LLC, a Delaware limited liability company (“Buyer”). Buyer, the Sellers and the Seller Representative are referred to collectively hereinafter as the “Parties.”
REVOLVING LINE OF CREDIT NOTECommunications Systems Inc • November 10th, 2011 • Telephone & telegraph apparatus • Minnesota
Company FiledNovember 10th, 2011 Industry JurisdictionFOR VALUE RECEIVED, the undersigned COMMUNICATIONS Systems, Inc., a Minnesota corporation (“Communications Systems”), JDL TECHNOLOGIES, INCORPORATED, a Minnesota corporation (“JDL”), TRANSITION NETWORKS, INC., a Minnesota corporation (“Transition Networks”; together with Communications Systems and JDL, “Borrowers” and each a “Borrower”), promises to pay on November 1, 2013 (the “Maturity Date”) to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”) at its office at 7900 Xerxes Avenue S., Suite 2300, Bloomington, MN 55431, Minnesota, or at such other place as the holder hereof may designate, in lawful money of the United States of America and in immediately available funds, the principal sum of TEN MILLION Dollars ($10,000,000), or so much thereof as may be advanced and be outstanding, with interest thereon, to be computed on each advance from the date of its disbursement as set forth herein.
FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • November 5th, 2020 • Communications Systems Inc • Telephone & telegraph apparatus
Contract Type FiledNovember 5th, 2020 Company IndustryTHIS AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated October 29 , 2020, is entered into by and between COMMUNICATIONS SYSTEMS, INC., a Minnesota corporation (“Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”).
AGREEMENt and plan of merger dated as of March 1, 2021Agreement and Plan of Merger • March 3rd, 2021 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
Contract Type FiledMarch 3rd, 2021 Company Industry Jurisdiction
FIFTH AMENDMENT TO CREDIT AGREEMENT, FIRST AMENDMENT TO AMENDED AND RESTATED REVOLVING NOTE AND WAIVER OF EVENTS OF DEFAULTCredit Agreement • August 7th, 2015 • Communications Systems Inc • Telephone & telegraph apparatus
Contract Type FiledAugust 7th, 2015 Company IndustryThis Fifth Amendment to Credit Agreement, First Amendment to Amended and Restated Revolving Note and Waiver of Event of Default (this “Amendment”), dated as of August 7, 2015, is entered into by and between COMMUNICATIONS SYSTEMS, INC., a Minnesota corporation (“Communications Systems”), JDL TECHNOLOGIES, INCORPORATED, a Minnesota corporation (“JDL”), TRANSITION NETWORKS, INC., a Minnesota corporation (“Transition Networks”), and SUTTLE, INC., a Minnesota corporation (“Suttle”; together with Communications Systems, JDL and Transition Networks, “Borrowers” and each a “Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”).
GUARANTYCommunications Systems Inc • August 18th, 2016 • Telephone & telegraph apparatus • Minnesota
Company FiledAugust 18th, 2016 Industry Jurisdiction
CONSENT AND AMENDMENT NO. 2 TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • June 6th, 2023 • Pineapple Energy Inc. • Telephone & telegraph apparatus • California
Contract Type FiledJune 6th, 2023 Company Industry JurisdictionTHIS CONSENT AND AMENDMENT NO. 2 TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is made and dated as of May 31, 2023 and is entered into by and among PINEAPPLE ENERGY LLC (“PE LLC”), a Delaware limited liability company, for itself and on behalf of any Subsidiary, and each other Person that has delivered a Joinder Agreement pursuant to Section 7.12 or otherwise from time to time party hereto (together with PE LLC, individually or collectively, as the context may require “Borrower”), and HERCULES CAPITAL, INC., a Maryland corporation, in its capacity as Lender (“Lender”) and as administrative agent and collateral agent for itself and the Lender (in such capacity, “Agent”).
AMENDMENT NO. 1 TO ASSET PURCHASE AGREEMENTAsset Purchase Agreement • January 26th, 2022 • Communications Systems Inc • Telephone & telegraph apparatus • Delaware
Contract Type FiledJanuary 26th, 2022 Company Industry JurisdictionThis AMENDMENT NO. 1 TO ASSET PURCHASE AGREEMENT (this “Amendment”) is entered into as of December 16, 2021 by and among (i) Hawaii Energy Connection, LLC, a Hawaii limited liability company, and E-Gear, LLC, a Hawaii limited liability company (each a “Seller” and together, the “Company”), (ii) Steven P. Godmere, a resident of the State of Hawaii, as representative for the Sellers (the “Seller Representative”), and (iii) Pineapple Energy LLC, a Delaware limited liability company (“Buyer”).
CREDIT AGREEMENTCredit Agreement • September 3rd, 2020 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
Contract Type FiledSeptember 3rd, 2020 Company Industry JurisdictionTHIS CREDIT AGREEMENT (this “Agreement”) dated August 28, 2020, is by and between COMMUNICATIONS SYSTEMS, INC., a Minnesota corporation (“Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Bank”).
FIRST AMENDMENT OF THE COMMUNICATIONS SYSTEMS, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTEmployee Stock Ownership Plan And • March 15th, 2012 • Communications Systems Inc • Telephone & telegraph apparatus
Contract Type FiledMarch 15th, 2012 Company IndustryTHIS AGREEMENT, amending the Communications Systems, Inc. Employee Stock Ownership Plan and Trust, is adopted by Communications Systems, Inc., a Minnesota corporation, (the “Employer”), and Curtis A. Sampson, William G. Schultz and David T. McGraw (collectively, the “Trustee”).
EMPLOYMENT AGREEMENT (Kyle Udseth)Employment Agreement • November 12th, 2021 • Communications Systems Inc • Telephone & telegraph apparatus • Missouri
Contract Type FiledNovember 12th, 2021 Company Industry JurisdictionThis EMPLOYMENT AGREEMENT (this “Agreement”) dated as of February 10, 2021 (the “Effective Date”), by and between Pineapple Energy LLC, a Delaware limited liability company (the “Company”), and Kyle Udseth (the “Employee”), an individual and resident of the state of Minnesota (the Company and the Employee each a “Party” and together the “Parties”).
TERMINATION OF REAL ESTATE PURCHASE AGREEMENTTermination of Real Estate Purchase Agreement • August 4th, 2020 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
Contract Type FiledAugust 4th, 2020 Company Industry JurisdictionTHIS TERMINATION OF REAL ESTATE PURCHASE AGREEMENT (“Termination”) is made and entered into as of this 30th day of July, 2020, by and between Transition Networks, Inc., a Minnesota corporation (“Seller”), and Launch Properties, LLC, a Minnesota limited liability company (“Buyer”).
SEPARATION AND SEVERANCE AGREEMENTSeparation and Severance Agreement • August 2nd, 2021 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
Contract Type FiledAugust 2nd, 2021 Company Industry JurisdictionTHIS SEPARATION AND SEVERANCE AGREEMENT by and between Communications Systems, Inc., a Minnesota corporation (the “Company”), and Anita Kumar (the “Executive”) is entered into and effective as of this 1st day of August, 2021 (the “Effective Date”).
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • November 12th, 2021 • Communications Systems Inc • Telephone & telegraph apparatus • California
Contract Type FiledNovember 12th, 2021 Company Industry JurisdictionTHIS LOAN AND SECURITY AGREEMENT is made and dated as of December 11, 2020 and is entered into by and between PINEAPPLE ENERGY LLC, a Delaware limited liability company, for itself and on behalf of any Subsidiary (collectively, “Borrower”), and HERCULES CAPITAL, INC., a Maryland corporation, in its capacity Lender (“Lender”) and as administrative agent and collateral agent for itself and the Lender (in such capacity, the “Agent”).
AGREEMENT AND PLAN OF MERGER BY AND AMONG COMMUNICATIONS SYSTEMS, INC. Resilient Corp., ECESSA CORPORATION AND Albert A. Woodward (SOLELY IN HIS CAPACITY AS SHAREHOLDER REPRESENTATIVE HEREUNDER) DATED AS OF May 8, 2020Agreement and Plan of Merger • May 15th, 2020 • Communications Systems Inc • Telephone & telegraph apparatus • Minnesota
Contract Type FiledMay 15th, 2020 Company Industry JurisdictionTHIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and entered into as of May 8, 2020, by and among (i) Communications Systems, Inc., a Minnesota corporation (“Parent”), (ii) Resilient Corp., a Minnesota corporation and a wholly owned subsidiary of Parent (“Merger Sub”), (iii) Ecessa Corporation, a Minnesota corporation (the “Company”), and (iv) Albert A. Woodward, an individual residing in the State of Minnesota, solely in his capacity as the Shareholder Representative (the “Shareholder Representative”). Unless otherwise provided herein, capitalized terms used herein are defined in Article XI.
AMENDED AND RESTATED REVOLVING NOTECommunications Systems Inc • August 18th, 2016 • Telephone & telegraph apparatus
Company FiledAugust 18th, 2016 IndustryThis Note is a promissory note constituting a Loan Document (as defined in the Credit Agreement) under the Credit Agreement, and is subject to the terms of the Credit Agreement, which provides, among other things, for the payment and acceleration of this Note. This Note is secured, among other things, by the Credit Agreement and certain other Loan Documents, and by any other security agreements, mortgages, deeds of trust, assignments or other instruments or agreements that may subsequently be given as security for this Note.
PINEAPPLE ENERGY INC. Restricted Stock Unit Award Agreement (Inducement Grant)Restricted Stock Unit Award Agreement • October 11th, 2022 • Pineapple Energy Inc. • Telephone & telegraph apparatus • Minnesota
Contract Type FiledOctober 11th, 2022 Company Industry JurisdictionPineapple Energy Inc. (the “Company”) hereby grants an award of Restricted Stock Units (this “Award”) to you, the Participant named below. The terms and conditions of this Award are set forth in this Restricted Stock Unit Award Agreement (Inducement Grant) (this “Agreement”), consisting of this cover page and the Terms and Conditions on the following pages. This Award is made and granted as a stand-alone award and is not granted under or pursuant to the Company’s 2022 Equity Incentive Plan (as the same may be amended from time to time, the “Plan”). However, for convenience purposes, unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Restricted Stock Grant Notice (“Grant Notice”) and the Agreement. This Award is an inducement material to the Participant’s entry into employment within the meaning of Nasdaq Listing Rule 5635(c)(4).