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2 similar Security Agreement contracts by Ideal Power Inc.

SECURITY AGREEMENT
Security Agreement • August 6th, 2013 • Ideal Power Inc. • New York

THIS SECURITY AGREEMENT (the “Agreement”), dated as of November 21, 2012, is entered into by and among IDEAL POWER CONVERTERS, INC., a Texas corporation (“Debtor”), the Subscribers identified on Schedule 1 hereto (the “Subscribers”), who are parties to the Securities Purchase Agreement dated as of August 31, 2012 (the “August Purchase Agreement”) and to the Securities Purchase Agreement dated as of October , 2012 (the “October Purchase Agreement” and together with the August Purchase Agreement, the "Purchase Agreements"), by and among Debtor and such Subscribers, and Anthony DiGiandomenico (“Collateral Agent”).

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SECURITY AGREEMENT
Security Agreement • August 6th, 2013 • Ideal Power Inc. • New York

THIS SECURITY AGREEMENT (the “Agreement”), dated as of August 31, 2012, is entered into by and among IDEAL POWER CONVERTERS, INC., a Texas corporation (“Debtor”), the Subscribers identified on Schedule 1 hereto (the “Subscribers”), who are parties to the Securities Purchase Agreement dated as of August 31, 2012 (the “Purchase Agreement”), by and among Debtor and such Subscribers, and Anthony DiGiandomenico (“Collateral Agent”).

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