SECURITY AGREEMENTSecurity Agreement • June 21st, 2007 • Open Energy Corp • Crude petroleum & natural gas • Illinois
THIS SECURITY AGREEMENT (the “Agreement”), is entered into and made effective as of June 15, 2007, by and between OPEN ENERGY CORPORATION, a Nevada corporation with its principal place of business located at 514 Via de la Valle, Suite 200, Solana Beach, CA 92075 (the “Parent”), and each subsidiary of the Parent listed on Schedule I attached hereto (each a “Subsidiary,” and collectively and together with the Parent, the “Company”), in favor of the HOLDER (the “Secured Party”) listed on Schedule I attached to the Note and Warrant Purchase Agreement (the “Note and Warrant Purchase Agreement”) dated the date hereof between the Company and the Secured Party.
EMPLOYMENT AGREEMENTEmployment Agreement • June 21st, 2007 • Open Energy Corp • Crude petroleum & natural gas • California
This Employment Agreement (“Agreement”) is made effective as of June 15, 2007 by and between Open Energy Corp. (the “Company”) and John E. Hart (“Hart” or “Employee”) (individually, a “party” and together, the “parties”).
EMPLOYMENT AGREEMENTEmployment Agreement • June 21st, 2007 • Open Energy Corp • Crude petroleum & natural gas • California
This Employment Agreement (“Agreement”) is made by and between Open Energy Corporation (the “Company”) and David Field (“Employee”) (individually, a “party” and together, the “parties”). This Agreement shall be effective once signed by all parties.
ContractNote and Warrant Purchase Agreement • June 21st, 2007 • Open Energy Corp • Crude petroleum & natural gas • Illinois
This NOTE AND WARRANT PURCHASE AGREEMENT, dated as of June 15, 2007 (this “Agreement”), is entered into by and between OPEN ENERGY CORP., a Nevada corporation with headquarters located at 514 Via de la Valle, Suite 200, Solana Beach, CA 92075 (the “Company”), and John Fife, an individual with an address at 303 East Wacker Drive, Suite 311, Chicago, IL 60601 (the “Holder”).
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • June 21st, 2007 • Open Energy Corp • Crude petroleum & natural gas • Illinois
THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of June 15, 2007, by and among OPEN ENERGY CORPORATION, a Nevada corporation (the “Company”), and the undersigned Holder (the “Holder”).
STOCK PLEDGE AGREEMENTStock Pledge Agreement • June 21st, 2007 • Open Energy Corp • Crude petroleum & natural gas • Illinois
STOCK PLEDGE AGREEMENT (“Stock Pledge Agreement”) entered into as of the 15th day of June, 2007 by and between John Fife (the “Secured Party”), and David Saltman, a California resident with an address at 514 Via de la Valle, Suite 200, Solana Beach, CA 92075 (the “Pledgor”).
EMPLOYMENT AGREEMENTEmployment Agreement • June 21st, 2007 • Open Energy Corp • Crude petroleum & natural gas • California
This Employment Agreement (“Agreement”) is made effective as of June 15, 2007 by and between Open Energy Corp. (the “Company”) and Aidan H. Shields (“Shields” or “Employee”) (individually, a “party” and together, the “parties”).
SERIES 2007 SECURED ORIGINAL ISSUE DISCOUNT NOTE DUE OCTOBER 15, 2007 WITH OPTION TO EXTEND MATURITY DATE TO NOVEMBER 15, 2007Note • June 21st, 2007 • Open Energy Corp • Crude petroleum & natural gas • Illinois
THIS Note, in the principal amount of up to One Million and 00/100 Dollars ($1,000,000.00), evidencing a loan (the “Loan”) made on June 15, 2007 (the “Loan Origination Date”), is one of a duly authorized issue of Notes of Open Energy Corporation, a Nevada corporation with offices at 514 Via de la Valle, Suite 200, Solana Beach, CA 92075 (the “Maker”), collectively or individually designated as the Note, as the case may be (the “Note”), due not later than November 15, 2007 (“Maturity Date”), in an aggregate face amount of up to One Million and 00/100 Dollars ($1,000,000.00). This Note is issued pursuant to that certain Note and Warrant Purchase Agreement of even date herewith by and between the Maker and the Holder.
