0001193125-04-053844 Sample Contracts

Letterhead of Environmental Power Corporation]
Employment Agreement and Nonstatutory Stock Option Agreement • March 30th, 2004 • Environmental Power Corp • Cogeneration services & small power producers
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GORRISSEN FEDERSPIEL KIERKEGAARD
Addendum to Licence Agreement • March 30th, 2004 • Environmental Power Corp • Cogeneration services & small power producers

This Addendum to Licence Agreement of 12 May 2000 between the Parties (Licence Agreement) Is entered into on this 14 day of April 2003 between Microgy Cogeneration Systems, Inc. (“Microgy”), and Danish Biogas Technology A/S (DBT).

ENVIRONMENTAL POWER CORPORATION Amended and Restated Nonstatutory Stock Option Agreement
Nonstatutory Stock Option Agreement • March 30th, 2004 • Environmental Power Corp • Cogeneration services & small power producers • Delaware

• A second Qualified Financing results in gross proceeds to the Company or Microgy of $3,000,000. The Vested Share Amount associated with such Qualified Financing is determined as follows:

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