0001049107-07-000058 Sample Contracts

SUBLICENSE AGREEMENT AND CONSENT
Sublicense Agreement and Consent • May 18th, 2007 • Hydrogen Power Inc • Industrial inorganic chemicals

The following Sublicense Agreement and Consent ("Agreement") is effective as of March 15, 2004 ("Effective Date") between Global Hydrofuel Technologies Inc., a federal corporation ("GHTI Canada"), Hydrogen Power Inc., a Delaware corporation ("HPI") and the University of British Columbia, a corporation continued under the University Act of British Columbia ("UBC").

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EMPLOYMENT AGREEMENT
Employment Agreement • May 18th, 2007 • Hydrogen Power Inc • Industrial inorganic chemicals

AGREEMENT made this 1st day of July, 2004. by and between Hydrogen Power Inc., a corporation formed under the laws of the State of Delaware (the “Company”) and Ricky Gujral (the “Executive”)

EXECUTIVE SEVERANCE AGREEMENT
Executive Severance Agreement • May 18th, 2007 • Hydrogen Power Inc • Industrial inorganic chemicals • Washington

THIS EXECUTIVE SEVERANCE AGREEMENT ("Agreement") by and between Hydrogen Power Inc., a Delaware corporation (the "Company") headquartered at Metropolitan Tower, 1942 Westlake Ave. Suite 1010 Seattle, Washington and Ricky Gujral (the "Executive"), is made as of October 20 , 2005 and effective on the date of the closing of the merger between Hydrogen Power Inc. and Equitex.

LICENSE AGREEMENT
License Agreement • May 18th, 2007 • Hydrogen Power Inc • Industrial inorganic chemicals • British Columbia

THE UNIVERSITY OF BRITISH COLUMBIA, a corporation continued under the University Act of British Columbia with its administrative offices at 2075 Wesbrook Mall, Vancouver, British Columbia, V6T 1W5

FIRST AMENDMENT TO THE SUBLICENSE AGREEMENT AND CONSENT
The Sublicense Agreement and Consent • May 18th, 2007 • Hydrogen Power Inc • Industrial inorganic chemicals

THIS FIRST AMENDMENT TO TH SUBLICENSE AGREEMENT AND CONSENT (the "First Amendment"), dated as of Mar 7, 2006, is between Global Hydrofuel Technologies Inc., a Canadian federal corporation ("GHTI anada"), Hydrogen Power Inc., a Delaware corporation ("HPI") and the University of British Columbia, a corporation continued under the University Act of British Columbia ("UBC").

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