EXHIBIT 10.1

Modification No. **** to CRADA No. ****
 
Facility Operator:  
Alliance for Sustainable Energy, LLC (“Alliance”)   National Renewable Energy
Laboratory

 
Participant:  New Energy Technologies, Inc.

Period of Performance:  ****THROUGH ****
This modification adds **** to the period of performance, and $**** funds-in to
the agreement value.

Except as stated herein, all terms and conditions of the Cooperative Research
and Development Agreement shall remain in full force and effect without
change.  In the event of any conflict between the terms of the subject Agreement
and this Modification, the provisions of this Modification shall take
precedence.

ARTICLE II, “Joint Work Statement” is modified to include Appendix A “Joint Work
Statement for Modification No ****, which is attached hereto and incorporated by
reference.

ARTICLE III, “Term, Funding, and Costs,” Paragraph A, is modified to reflect a
new completion date of ****.

ARTICLE III,  “Term, Funding, and Costs,” Paragraph B, is modified to add a
Participant funds-in contribution of $****.    Total contributions, including
those previously provided under this Agreement, are as follows:
 

  Prior Contributions   Modification No. ***      Total             Participant
In-Kind Contribution:   $****        $****        $****      Participant
Funds-In Contribution:  $****        $****        $****      Government In-Kind
Contribution: $****         $****         $****       CRADA TOTAL VALUE  
$****        $****        $****     

 
APPENDIX A-JOINT WORK STATEMENT: The attached Appendix A “Joint Work Statement
for Modification No. ****” is hereby added to the Agreement.

The parties have indicated their acceptance of this Modification No. **** to
Agreement No****
between New Energy Technologies, Inc. and Alliance, operator of the National
Renewable Energy Laboratory by signature below.  This Modification shall not be
effective until approved by the U.S. Department of Energy.

Accepted:
 
Accepted:
 
New Energy Technologies, Inc.
 
Alliance for Sustainable Energy, LLC
          By: _______________________________   By:
_______________________________          
Name:  John A. Conklin
 
Name:  Bobi Garrett
          Title:   President & CEO, Director  
Title: Deputy Laboratory Director
Strategic Programs & Partnerships
         
Date: January 9, 2012
 
Date: _______________________________
         
Accepted:
     
DOE Approval, if scope and/or dollar increase
             
By:     _______________________________
     
Date:  _______________________________
     

 
 
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National Renewable Energy Laboratory

Cooperative Research and Development Agreement

Appendix A—Joint Work Statement-
Modification No. ****

CRADA # ****

Title: OPV Electricity-Generating ****

Abstract of CRADA work:

New Energy Technologies, Inc. (NET) is continuing to develop ****. Jointly NET
and NREL will advance the **** by enhancing ****, ****, **** technology. These
objectives will be completed following a multi-step approach.

Participant Name and Address:

New Energy Technologies Inc.
9192 Red Branch Road, Suite 110
Columbia, MD 21045
(800) 213-0689
 

Participant Type       Foreign   o     University     o     Small Business    x
    Large Business   o     State & Local   o Government       Not-for-Profit    
o

 
Schedule

The Period of Performance for this effort will continue until ****.

Purpose
Work under this CRADA will be directed towards enhancing the ****, ****, and
**** technology.

Task Descriptions and Estimated Completion Dates
****

Goals:
Modification of ****
Achieve improved **** of ****
****to maximize ****
 
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1.
**** system to **** – The **** of the current ****. The proposed modification of
the ****, which could allow use of ****, should allow sufficient **** to obtain
****.
Subtasks:

 
a. 
**** of an ****

b. 
Implementation of ****

c. 
Obtaining safe-to-work status for ****
 
Milestones:
Complete ****
Implementation of ****
**** of ****
Staff: NET: **** ; NREL****
Effort: NET: ****, NREL: ****
 
Schedule:
****: **** after **** of CRADA Phase 2
Implementation: **** after **** of CRADA Phase 2
****: **** after **** of CRADA Phase 2

 
2.
Optimization of **** – This tasks focuses on utilizing the **** to ****, and
develop **** to yield **** of the various ****.
Subtasks:

 
a. 
Develop **** for ****

b. 
Develop **** for ****

c. 
Develop **** for ****

d. 
Develop **** for ****

 

 
Milestones:
Obtain ****
Obtain ****
Obtain ****
Obtain ****
Obtain ****
Staff: NET: ****; NREL: ****
Effort: NET: ****, NREL: ****
Schedule:
****: **** after ****
****: **** after ****
****: **** after ****
****: **** after ****
****: **** after ****

 
3.
Optimization of **** – Utilizing the **** and **** developed for ****, **** the
**** and ****.
Subtasks:

 
a. 
Optimize **** of ****

b. 
Develop **** method

c. 
Develop **** method

 
 
Milestones:
Fabricate ****
Demonstrate ****
Develop ****
Demonstrate ****
Demonstrate ****
Staff: NET: ****; NREL: ****
Effort: NET: ****, NREL****
Schedule:
Optimized ****: ****
****: ****
****: ****
**** Work

 
 
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Goals:

 
Optimization of ****, ****

 
Identification of **** with ****

1. 
**** Materials **** – In this task, **** materials will be **** for ****. These
**** may involve **** including but not limited to: ****, and **** of ****.
Subtasks:

 
a. 
**** evaluation of **** materials

b. 
Detailed **** of **** materials

c. 
**** evaluation of **** materials
Milestones: **** evaluating **** potential of **** material ****
Staff: NET: ****,; NREL: ****
Effort: **** depending on materials; NET: ****; NREL: ****
Schedule: **** depending on **** of materials: **** after ****of CRADA

2. 
Testing **** – This task focuses on the ****, **** materials for ****, ****, and
****. **** materials and **** will be **** in ****, along with any necessary
supporting ****.
Subtasks:

a. 
**** evaluation of **** materials

b. 
**** evaluation of ****

c. 
**** of **** materials as required
Milestones: **** evaluating the **** materials and **** as compared to ****
Staff: NET: ****; NREL: ****
Effort: **** depending on **** of material****; NET: ****; NREL: ****
Schedule: ****: dependent on **** of **** materials and ****; **** after **** of
CRADA
 
**** and ****
 
Goals:
**** of relative ****
**** of favorable ****
Establishment of ****

 
1. 
Testing**** – In this task NREL will **** the **** of the ****, and their ****.
This will **** relative **** for the **** materials under ****.
Subtasks:

 
a. 
**** of **** for the various material ****

b. 
**** of ****
Milestone: **** device **** material ****
Staff: NET: ****; NREL: ****
Effort: **** NET: ****; NREL: ****
Schedule: **** after ****of CRADA

2. 
Testing**** – **** of the **** of **** and ****. This will allow **** for the
**** materials ****.
Subtasks:

a. 
**** of **** for the **** material ****

b. 
**** of ****
Milestone: **** device **** material ****
Staff: NET: ****; NREL: ****
Effort: ****, depending on **** material**** ****; NET: ****; NREL: ****
Schedule: **** depending on **** of materials: **** after **** of CRADA

 
 
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3. 
**** Testing – The focus of this task will be to ****, in order to **** that
****while also ****.
Subtasks:

a. 
**** of **** to ****
Milestone: **** of ****
Staff: NET: ****; NREL: ****
Effort: NET: ****; NREL: ****
Schedule: **** after **** of CRADA

4. 
**** Testing – In this task we will **** using the ****, including both ****.
Subtasks:

a. 
**** of **** of ****

b. 
**** of **** of ****
Milestone:
**** of ****
**** of ****
Staff: NET: ****; NREL: ****
Effort: NET: ****; NREL: ****
Schedule:
**** on ****: **** after **** of CRADA
****: **** after **** of CRADA
OPV ****

Goals: **** of **** for ****

 
1. 
**** – In order to keep its ****, NET is ****. **** NET’s OPV material ****,
NREL will **** OPV **** under this task to enable NET to ****, including: ****;
and **** of NET **** materials.
Subtasks:

a. 
**** development

b. 
Developing ****

c. 
Developing ****
Milestone – Develop robust ****
Staff: NREL: ****; NET: ****
Effort: NREL ****
Schedule: **** after **** of CRADA

2. 
**** Attractive OPV **** – The objective of this task is to **** OPV **** that
****: **** systems. In this task, NET will **** material **** in these **** and
submit **** to NREL for ****. OPV materials **** the ****, and not otherwise
****, will be **** to NET for ****. The **** of OPV **** will be an ****. This
**** may also include ****.
Subtasks:

a. 
Submission of **** OPV ****

b. 
Running **** in OPV ****

c. 
**** OPV ****

d. 
****

e. 
Running**** on NET****
Milestone – **** of **** to NET
Staff: NET: **** ; NREL: ****
Effort: ****: NET: ****, NREL: ****
Schedule: **** of **** after ****; **** of **** after ****

 
 
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Funding Table

Estimated Costs
NREL
Shared Resources
Participant
Shared Resources
Participant
Funds In
Totals
Year 1
$****
$****
$****
$****
Year 2
$****
$****
$****
$****
TOTALS
$****
$****
$****
$****
Fed Admin Charge on Funds-in
----
----
****
 

DOE Mission Area to benefit from this CRADA:
 

Energy      x     Environmental Quality   o     Science   o     Other, name:   
o    

 
CRADA benefit to DOE, Participant, and US Taxpayer:

The technology developed under this CRADA would enable the Participant to ****
and **** with **** and ****.   In that the technology **** under the CRADA would
facilitate the **** and **** of ****, it is aligned with the objectives of the
DOE National Solar Energy Programs.   The CRADA will benefit the U.S. taxpayer
by promoting the adoption of clean energy technology and contributing to the
growth and viability U.S. **** industry.

DOE Program Manager:  Minh Le
202-287-1372

CRADA format is Modular CRADA. If other, such as multilab or USIC,
identify: N/A .

Special Considerations

Background Intellectual Property:
No o          Yes  x If yes, list: See attached Appendix B

Is Participant interested in licensing BIP at this time:
No   o      Yes   o  x  To be determined
If yes, identify any known special issues with a potential license (i.e., BIP
still in ROI stage, or already exclusively licensed, or has broader applications
than scope of CRADA, or in contention right now with another partner. If none,
write “NONE.”).
 
 
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Are human or animal subjects to be used as part of this CRADA?
No  x      Yes  o

Have all necessary ES&H and quality (NEPA) reviews been completed?
Yes  x    No  o (if not, explain)

Are there any organizational or personal conflicts of interest associated with
this CRADA?
No   x     Yes   o (explain)
NREL maintains on file signed COI certificates for each employee with a
substantial role in this CRADA.

Will export controlled information be produced?
No   x     Yes   o (if yes, identify)

Fairness of Opportunity requirements have been satisfied by:
x Participant approached laboratory
o Participant responded to FedBizOpps announcement
o Participant was contacted by laboratory after or during broad public
announcement or solicitation

For 100% funds-in CRADAs, the Participant has been notified of other types of
technology transfer agreements, such as Work for Others.
o Yes     o No    x N/A

Did the Participant require any substantive changes to the Modular CRADA or any
changes to double-underlined language?
No   x      Yes   o  If yes, attach copies of the proposed modified articles. If
substantively altered, attach Participant’s US Competitiveness justification.

Additional Special Considerations: NONE
 
 
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