0001193125-08-058351 Sample Contracts

ENVIRONMENTAL POWER CORPORATION Stock Appreciation Right Agreement for Non- Employee Directors under the 2006 Equity Incentive Plan
Stock Appreciation Right Agreement • March 17th, 2008 • Environmental Power Corp • Cogeneration services & small power producers • Delaware

This Stock Appreciation Right Agreement (the “Agreement”) is made this day of , 200 , by and between Environmental Power Corporation, a Delaware corporation (the “Company”) and , a non-employee director of the Company (the “Participant”).

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ENVIRONMENTAL POWER CORPORATION Stock Appreciation Right Agreement under the 2006 Equity Incentive Plan
Stock Appreciation Right Agreement • March 17th, 2008 • Environmental Power Corp • Cogeneration services & small power producers • Delaware

This Stock Appreciation Right Agreement (the “Agreement”) has been made as of February 28, 2008 (the “Grant Date”) between Environmental Power Corporation, a Delaware corporation (the “Company”), and Robert I. Weisberg (the “Participant”).

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