2,500,000 Shares of Common Stock ENVIRONMENTAL POWER CORPORATION UNDERWRITING AGREEMENT January , 2005Underwriting Agreement • January 13th, 2005 • Environmental Power Corp • Cogeneration services & small power producers • New York
Environmental Power Corporation, a corporation organized and existing under the laws of Delaware (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the underwriter named in Schedule I hereto (the “Underwriter”) an aggregate of 2,500,000 shares (the “Firm Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”). The Company also proposes to issue and sell to the Underwriter, for the sole purpose of covering over-allotments in connection with the sale of the Firm Shares, and at the option of the Underwriter, up to an additional 375,000 shares (the “Additional Shares”) of Common Stock. The Firm Shares and the Additional Shares are referred to herein collectively as the “Shares.” The Shares are more fully described in the Registration Statement referred to below.
ENVIRONMENTAL POWER CORPORATION Incentive Stock Option Agreement Granted under the 2001 Stock Incentive PlanIncentive Stock Option Agreement • January 13th, 2005 • Environmental Power Corp • Cogeneration services & small power producers
This Incentive Stock Option Agreement (the “Agreement”) is made as of the 23rd day of June, 2004 (the “Grant Date”), by and between Environmental Power Corporation, a Delaware corporation (the “Company”) and R. Jeffery Macartney, an individual resident of California (“Employee”).
