0001144204-14-056788 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • September 19th, 2014 • Ideal Power Inc. • Electrical industrial apparatus

This EMPLOYMENT AGREEMENT (“Agreement”), which is dated September 16, 2014 (the “Effective Date”), is made by and between Ideal Power Inc., a Delaware corporation, located at 4120 Freidrich Lane, Suite 100, Austin, Texas, 78744 and hereinafter referred to as “Company”, and William C. Alexander whose address is 1225 Overlook Circle, Spicewood, TX 78669, hereinafter referred to as “Executive.” The purpose of this Agreement is to confirm the terms of the employment relationship between Company and Executive.

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AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT
Employment Agreement • September 19th, 2014 • Ideal Power Inc. • Electrical industrial apparatus

This AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT (“Amendment”) dated September 16, 2014 is made by and between Ideal Power Inc., a Delaware corporation, hereinafter referred to as “Company”, and R. Daniel Brdar, hereinafter referred to as “Executive”.

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