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April 25, 2015 4:49 PM ET

Specialty Retail

Company Overview of Real Goods Trading Corporation

Company Overview

Real Goods Trading Corporation engages in the retail and installation of solar living goods in North America. It provides solar and renewable energy products, such as solar panels, inverters, solar water pumps, batteries, cables and wiring, charge controllers, meters and monitors, and electrical components and enclosures; and outdoor and off-grid products, including hiking and camping products, emergency preparedness products, chargers and batteries, lights and lanterns, solar powered products, solar appliances, composters, composting toilets, freezers and refrigerators, bicycles and accessories, and on the road products. The company also provides green home products, such as compost collect...

13771 South Highway 101

Hopland, CA 95449

United States

Founded in 1978

101 Employees

Phone:

707-744-2100

Fax:

707-744-1342

Key Executives for Real Goods Trading Corporation

President
Age: 63
Chief Financial Officer and Secretary
Age: 70
Director and Counsel
Age: 69
Compensation as of Fiscal Year 2014.

Real Goods Trading Corporation Key Developments

Real Goods Solar, Inc.'s Subsidiaries Enter into a Eighth Loan Modification Agreement with Silicon Valley Bank

On January 30, 2015, Real Goods Solar, Inc.'s subsidiaries Real Goods Energy Tech, Inc., Real Goods Trading Corporation, Alteris Renewables, Inc., Real Goods Syndicated, Inc., Mercury Energy, Inc., Real Goods Solar, Inc.-Mercury Solar, Elemental Energy, LLC and Sunetric Management LLC entered into a Eighth Loan Modification Agreement with Silicon Valley Bank to extend the maturity date of the revolving line of credit under the Loan and Security Agreement, dated December 19, 2011, from January 31, 2015 to March 17, 2015. In connection with the amendment, the Company paid an $8,125.00 fee to Silicon Valley Bank. The parties intend to use this time period to negotiate the terms of an anticipated one year renewal of the line of credit.

Real Goods Energy Tech, Inc., Real Goods Trading Corporation, Alteris Renewables, Inc., Real Goods Syndicated, Inc., Mercury Energy, Inc., Real Goods Solar, Inc.-Mercury Solar, Elemental Energy and Sunetric Management Enters into Joinder and Sixth Loan Modification Agreement with Silicon Valley Bank

On June 6, 2014, Real Goods Solar, Inc.'s wholly-owned subsidiaries Real Goods Energy Tech, Inc., Real Goods Trading Corporation, Alteris Renewables, Inc., Real Goods Syndicated, Inc., Mercury Energy, Inc., Real Goods Solar, Inc.-Mercury Solar, Elemental Energy, LLC and Sunetric Management LLC (collectively, the Borrowers) entered into a Joinder and Sixth Loan Modification Agreement with Silicon Valley Bank pursuant to which the parties thereto agreed to certain amendments to the Loan and Security Agreement, dated as of December 19, 2011, as amended, and Mercury Energy, Inc., Real Goods Solar, Inc.-Mercury Solar, Elemental Energy, LLC and Sunetric Management LLC (collectively, the New Borrowers) each joined as a party to the Loan Agreement and granted a security interest in substantially all its assets to SVB. The Loan Agreement Amendment extended the maturity date of the Loan Agreement to January 31, 2015. Additionally, the Loan Agreement Amendment reset financial covenants and made other conforming and administrative amendments to the Loan Agreement.

Real Goods Energy Tech, Inc., Real Goods Trading Corporation, Alteris Renewables, Inc. and Real Goods Syndicated, Inc. Enter into Fifth Loan Modification Agreement with Silicon Valley Bank

On November 5, 2013, Real Goods Energy Tech, Inc., Real Goods Trading Corporation, Alteris Renewables, Inc. and Real Goods Syndicated, Inc. (collectively, the borrowers) entered into a fifth loan modification agreement with Silicon Valley Bank (SVB) pursuant to which the parties thereto agreed to certain amendments to the loan and security agreement, dated as of December 19, 2011, as amended. Under the loan agreement amendment, SVB agreed to extend to the borrowers a term loan of up to $2,000,000 under the terms of the loan agreement in addition to the existing $6,500,000 revolving line of credit. The term loan matures on September 29, 2014. The borrowers are required to make monthly payments of interest only with respect to the term loan with the aggregate principal balance of the Term Loan, together with any accrued but unpaid interest, due and payable on the maturity date. The borrowers may prepay the term loan in whole or in part at any time without penalty. The proceeds of the term loan are required to be used to repay in full the outstanding indebtedness owed to Gaiam, Inc. under the Gaiam Notes. All borrowings under the term loan are collateralized by a security interest in substantially all assets of the borrowers other than the limited liability company interests in Alteris Project Financing Company LLC, and bear interest at the greater of the bank's prime rate or 4.00%, plus 2.00% (or 10.00% during an event of default). The borrowers are obligated to pay to SVB a final payment fee of $150,000 on or before the term loan maturity date. In addition, pursuant to the terms of the loan agreement amendment, at any time when the borrowers' unrestricted cash at SVB, less all outstanding obligations of borrowers owed to SVB, is less than $2,000,000, the borrowers' availability under the existing $6,500,000 line of credit will be reduced by an amount equal to the outstanding principal balance of the term loan. SVB fully funded the term loan on November 5, 2013 at the borrowers' request. The company used the proceeds of the term loan together with other available cash on hand to pay the payoff amount in full on November 5, 2013.

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