0001144204-11-072409 Sample Contracts

LEASE AGREEMENT
Lease Agreement • December 30th, 2011 • Liqtech International Inc • Misc industrial & commercial machinery & equipment • Minnesota

THIS LEASE, made the 11/08/2011 day of November, 2011 between ROBERTS COMMERCIAL PROPERTIES, LLC, a Minnesota limited liability company, having its place of business at 1851 Buerkle Road, White Bear Lake, Minnesota 55110 ("the Lessor") and LiqTech NA, Inc., a Delaware Corporation, having its place of business at 1804 Buerkle Road, White Bear Lake, MN 55110 ("the Lessee')

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ADDENDUM TO EMPLOYMENT AGREEMENT
Employment Agreement • December 30th, 2011 • Liqtech International Inc • Misc industrial & commercial machinery & equipment

THIS ADDENDUM TO EMPLOYMENT AGREEMENT (“Addendum”), is entered into December 15, 2011, but made effective retroactive to November 16, 2011, by and between LiqTech NA, Inc., a Delaware corporation (the “Company”), and Donald S. Debelak (the “Employee”).

Translation:
Liqtech International Inc • December 30th, 2011 • Misc industrial & commercial machinery & equipment

As security for the performance of any and all obligations concerning the debts described below which Debtor Liqtech A/S Grusbakken 12 2820 Gentofte Time has or may later acquire with respect to Creditor Sydbank A/S (hereinafter referred to as “the Bank”) Guarantors We agree to hold ourselves primary liable as guarantors: Cometas A/S c/o Liqtech A/S, Industriparken 22 C, DK-2750 Ballerup Liqtech NA 1804 Buerkle Road, White Bear lake, MN 55110 Notification On behalf of all guarantors all notifications, including notifications in accordance with section 47 of the Danish Financial Business Act, must be sent to: Cometas A/S c/o Liqtech A/S, Industriparken 22 C, DK-2750 Ballerup Liqtech NA 1804 Buerkle Road, White Bear lake, MN 55110 Debts Any outstanding balances with the Bank. Recourse The guarantors hereby acknowledge and accept that the Bank reserves the right to realise or release any other items of collateral and to write off the proceeds at the Bank’s discretion. Consequently the gua

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