0001398432-11-000685 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • August 24th, 2011 • Cyclone Power Technologies Inc • Motors & generators • Florida

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of the 1 day of August, 2011 by and between Cyclone Power Technologies, Inc., a Florida corporation (hereinafter called the “Company”), and Christopher M. Nelson (hereinafter called the “Executive”).

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ADVENT POWER SYSTEMS, INC.
Cyclone Power Technologies Inc • August 24th, 2011 • Motors & generators • Florida

This Agreement is dated this 22nd day of December 2010 between Advent Power Systems, Inc., (‘APS”) a Florida Corporation located at 2904 Victoria Place, Suite C2, Coconut Creek, Florida 33066, and Cyclone Power Technologies, Inc., a Florida corporation located at 601 NE 26th Court

Amendment #2 to Systems Application License Agreement
Systems Application License Agreement • August 24th, 2011 • Cyclone Power Technologies Inc • Motors & generators

This Amendment #2, dated October 18, 2010 (the “Amendment”), to the Systems Application License Agreement (“Agreement”) entered into as of July 30, 2009 by and between Cyclone Power Technologies, Inc. (“Cyclone” or “Licensor”) and Phoenix Power Group LLC (“Phoenix” or the “Licensee”), and amended for the first time on March 20, 2010, states as follows: For good and valuable consideration paid by both parties hereto, the parties agree that this Amendment shall modify the specific terms and provisions set forth in the Agreement, and all other terms, conditions, representations and warranties contained in the Agreement or the first amendment thereto shall remain unchanged and unaffected:

Technology License Agreement
Technology License Agreement • August 24th, 2011 • Cyclone Power Technologies Inc • Motors & generators • Florida

Cyclone Power Technologies, Inc., a Florida Corporation, having its offices located at 601 NE 26th Court, Pompano Beach, Florida 33064 USA (“CPT” or “Licensor”)

TECHNOLOGY LICENSE AGREEMENT - AMENDMENT # 1
Technology License Agreement • August 24th, 2011 • Cyclone Power Technologies Inc • Motors & generators

This Amendment #1, dated March 1, 2011 (the “Amendment”) to the Technology License Agreement originally dated December 11, 2009 (the “Agreement”) is by and between Cyclone Power Technologies, Inc. (“CPT”) and Great Wall Alternative Power Systems Ltd. (“Licensee”).

OPERATIONS AGREEMENT
Operations Agreement • August 24th, 2011 • Cyclone Power Technologies Inc • Motors & generators • Florida

This Operations Agreement (this “Agreement”), dated July 2, 2007, is by and between Cyclone Power Technologies, Inc. (“Cyclone”) and Schoell Marine Inc. (“Schoell”).

Amendment #1 to Systems Application License Agreement
Systems Application License Agreement • August 24th, 2011 • Cyclone Power Technologies Inc • Motors & generators

This Amendment #1, dated March 20, 2010 (the “Amendment”), to the Systems Application License Agreement (“Agreement”) entered into as of July 30, 2009 by and between Cyclone Power Technologies, Inc. (“Cyclone” or “Licensor”) and Phoenix Power Group LLC (“Phoenix” or the “Licensee”), states as follows: For good and valuable consideration paid by both parties hereto, the parties agree that this Amendment shall modify the specific terms and provisions set forth herein, and all other terms, conditions, representations and warranties contained in the Agreement shall remain unchanged and unaffected.

Systems Application License Agreement
Systems Application License Agreement • August 24th, 2011 • Cyclone Power Technologies Inc • Motors & generators • Florida

Cyclone Power Technologies, Inc., a Florida Corporation, having its offices located at 601 NE 26th Court, Pompano Beach, Florida 33064 (“Cyclone” or “Licensor”)

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