LIMITED RECOURSE GUARANTEE AND PLEDGE AGREEMENT Made as of April 19, 2012 Between SCHNEIDER POWER INC. as Guarantor and SAMSUNG HEAVY INDUSTRIES CO., LTD. as Lender and ZEPHYR FARMS LIMITEDLimited Recourse Guarantee and Pledge Agreement • April 25th, 2012 • Quantum Fuel Systems Technologies Worldwide, Inc. • Motor vehicle parts & accessories • Ontario
This Limited Recourse Guarantee and Pledge (as amended, restated, supplemented, replaced or otherwise modified from time to time, this “Agreement”) is dated as of April 19, 2012 between:
SCHNEIDER POWER INC., a corporation existing under the laws of the Province of Ontario (hereinafter referred to as the “Purchaser”). -and- GREEN BREEZE ENERGY INC., a corporation existing under the laws of the Province of Ontario (hereinafter referred...Second Amending Agreement • April 25th, 2012 • Quantum Fuel Systems Technologies Worldwide, Inc. • Motor vehicle parts & accessories • Ontario
NOW THEREFORE in consideration of the recitals and the covenants and conditions herein contained and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged by each Party), the Parties, intending to be legally bound, agree as follows.
GUARANTEEGuarantee • April 25th, 2012 • Quantum Fuel Systems Technologies Worldwide, Inc. • Motor vehicle parts & accessories • Ontario
For good and valuable consideration, the receipt and adequacy of which are acknowledged by the Guarantor, the Guarantor agrees with and in favour of the Creditor as follows:
