6. Related Party Debt

Our related party debt consists of $1.7 million from Gaiam, Inc. (“Gaiam”), who owns approximately 38% of our Class A common stock, which must be repaid by December 30, 2012 and $3.15 million from Riverside Renewable Energy Investments, LLC (“Riverside”), who owns approximately 29% of our Class A common stock, $3.0 million of which must be repaid by May 4, 2013 and the remaining $150 thousand by June 20, 2013. These loans bear interest at a rate of 10%; however, if the loans are repaid on or prior to the dates indicated above, the accrued interest is waived. Though interest is not currently accrued for the existing loans from Gaiam and Riverside, if we either request an extension of the Gaiam loan or additional loans (see below), we will recognize the applicable interest expense.

On November 13, 2012, we entered into a Loan Commitment with Gaiam and Riverside pursuant to which each agreed to advance to us up to an additional $1.0 million in cash upon request from us until March 31, 2013 at an annual interest rate of 10% and with a maturity date of April 26, 2013. In addition, Gaiam agreed to extend the maturity date for the $1.7 million existing loan from Gaiam from December 30, 2012 to April 30, 2013. The Gaiam loan maturity date extension is contingent upon us paying all interest then owed on the existing loan. Further, the Loan Commitment also requires us to execute and deliver to Gaiam an option agreement, reasonably acceptable to both parties, permitting Gaiam to purchase for $0.2 million all tenant improvements constructed by us in our principal office space leased by us from Gaiam. In addition, we agreed to amend our lease to cancel, effective December 31, 2012, the $3 per square foot credit set forth in the current lease.

Gaiam owns approximately 38% of our Class A common stock and is one of our creditors. Riverside owns approximately 29% of our Class A common stock and is one of our creditors. Pursuant to the terms of a Shareholders Agreement, Gaiam and Riverside each has the right to designate a certain number of individuals for appointment or nomination to our board of directors, tied to their respective ownership of our Class A common stock.