0001104659-04-001675 Sample Contracts

DEBT CONVERSION AGREEMENT
Debt Conversion Agreement • January 26th, 2004 • Electropure Inc • Patent owners & lessors • California

THIS DEBT CONVERSION AGREEMENT (the “Agreement”) is made and entered into effective as of the 22nd day of January, 2004, by and between ANTHONY M. FRANK KEOGH PLAN UTA CHARLES SCHWAB & CO., INC. (hereinafter referred to as “Buyer”) and ELECTROPURE, INC., a California corporation (hereinafter referred to as “Electropure” or the “Company”).

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DEBT CONVERSION AGREEMENT
Debt Conversion Agreement • January 26th, 2004 • Electropure Inc • Patent owners & lessors

THIS DEBT CONVERSION AGREEMENT (the “Agreement”) is made and entered into effective as of the 22nd day of January, 2004, by and between ANTHONY M. FRANK, TTEE, ANTHONY M. FRANK DEFINED BENEFIT PENSION PLAN, UNDER AGREEMENT DATED 12/01/98, FBO: SHIRLEY M. PEGG, (hereinafter referred to as “Buyer”) and ELECTROPURE, INC., a California corporation (hereinafter referred to as “Electropure” or the “Company”).

MUTUAL RESCISSION OF SECOND DEED OF TRUST AND SECURITY AGREEMENT
Mutual Rescission Agreement • January 26th, 2004 • Electropure Inc • Patent owners & lessors • California

This Agreement of mutual rescission of a Second Deed of Trust and Security Agreement is made and entered into this 22nd day of January, 2004, by and between ELECTROPURE, INC., a California corporation (“ELTP”), ELECTROPURE HOLDINGS, LLC, a California limited liability company ( “LLC”), and the ANTHONY M. FRANK KEOGH PLAN UTA CHARLES SCHWAB & CO., INC. (“Lender”).

MUTUAL RESCISSION OF SECOND DEED OF TRUST AND SECURITY AGREEMENT
Mutual Rescission Agreement • January 26th, 2004 • Electropure Inc • Patent owners & lessors • California

This Agreement of mutual rescission of a Second Deed of Trust and Security Agreement is made and entered into this 22nd day of January, 2004, by and between ELECTROPURE, INC., a California corporation (“ELTP”), ELECTROPURE HOLDINGS, LLC, a California limited liability company ( “LLC”), and the ANTHONY M. FRANK, TTEE, ANTHONY M. FRANK DEFINED BENEFIT PENSION PLAN, UNDER AGREEMENT DATED 12/01/98, FBO: SHIRLEY M. PEGG (“Lender”).

SECOND AMENDMENT TO 8% SIXTY-DAY TERM NOTE
8% Sixty-Day Term Note • January 26th, 2004 • Electropure Inc • Patent owners & lessors
DEBT CONVERSION AGREEMENT
Debt Conversion Agreement • January 26th, 2004 • Electropure Inc • Patent owners & lessors

THIS DEBT CONVERSION AGREEMENT (the “Agreement”) is made and entered into effective as of the 13th day of October, 2003, by and between ANTHONY M. FRANK, TTEE, ANTHONY M. FRANK DEFINED BENEFIT PENSION PLAN, UNDER AGREEMENT DATED 12/01/98, FBO: SHIRLEY M. PEGG, (hereinafter referred to as “Buyer”) and ELECTROPURE, INC., a California corporation (hereinafter referred to as “Electropure” or the “Company”).

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