0001193125-05-197903 Sample Contracts

ENVIRONMENTAL POWER CORPORATION Incentive Stock Option Agreement Granted under the 2005 Equity Incentive Plan
Incentive Stock Option Agreement • October 6th, 2005 • Environmental Power Corp • Cogeneration services & small power producers

This Incentive Stock Option Agreement (the “Agreement”) is made effective as of the 1st day of July, 2005 (the “Effective Date”), by and between Environmental Power Corporation, a Delaware corporation (the “Company”) and Randall L. Hull, an individual resident of Ohio (“Employee”).

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ENVIRONMENTAL POWER CORPORATION NON-INCENTIVE STOCK OPTION AGREEMENT
Non-Incentive Stock Option Agreement • October 6th, 2005 • Environmental Power Corp • Cogeneration services & small power producers

This Non-Incentive Stock Option Agreement (the “Agreement”) is made this day of , 20 between Environmental Power Corporation, a Delaware corporation (the “Company”), and , an individual residing in (“Holder”).

ENVIRONMENTAL POWER CORPORATION Nonstatutory Stock Option Agreement Granted under the 2005 Equity Incentive Plan
Nonstatutory Stock Option Agreement • October 6th, 2005 • Environmental Power Corp • Cogeneration services & small power producers • Delaware
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