Exhibit 10.35
 
TERMINATION OF EMPLOYMENT AGREEMENT

This AGREEMENT (the “Agreement”) is dated as of July 29, 2013 (the “Effective
Date”) between ARISTA POWER, INC., a New York corporation (the “Company”), and
Mr. Adeeb Saba (the “Executive”).

R E C I T A L S:

WHEREAS, the Company and the Executive entered into an Employment Agreement on
December 28, 2009 (the “Employment Agreement”);
 
WHEREAS, the Company and the Executive each desires to terminate the Employment
Agreement on the terms and conditions set forth herein.

P R O V I S I O N S:

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth
herein, the parties agree as follows:

1.   Termination of Employment Agreement.  The Employment Agreement is hereby
terminated effective as of the Effective Date, and neither party hereto shall
have any duty, liability or obligation to the other party or otherwise pursuant
to the Employment Agreement as of the Effective Date.  The Executive hereby
acknowledges that he is an at-will employee as of the Effective Date.

2.            Miscellaneous.

(a)           This Agreement:

(i)           shall constitute the entire agreement between the parties hereto
and supersedes all prior agreements, written or oral, concerning the subject
matter herein between the Company and the Executive and there are no oral
understandings, statements or stipulations bearing upon the effect of this
Agreement which have not been incorporated herein;

(ii)           may be modified or amended only by a written instrument signed by
each of the parties hereto;

(iii)           shall bind and inure to the benefit of the parties hereto and
their respective heirs, successors and assigns;

(iv)           may not be assigned by either party without a written agreement
signed by all parties hereto.  Any assignment not signed by all parties is null
and void; and

(b)           This Agreement shall be construed in accordance with and governed
by the laws of the State of New York without reference to conflict of laws
principles.  Any litigation involving this Agreement shall be adjudicated in a
court with jurisdiction located in Monroe County, New York and the parties
irrevocably consent to the personal jurisdiction and venue of such court.
 
 
 

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(c)           THE PARTIES ACKNOWLEDGE THAT THE EXECUTIVE AND THE COMPANY HAVE
EACH BEEN ADVISED THAT IT IS IMPORTANT FOR EACH OF THEM TO SEEK SEPARATE LEGAL
ADVISE AND REPRESENTATION IN THIS MATTER.
 
 
[Signature Page Follows]
 
 
 

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IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year
first above written.

ARISTA POWER, INC.
   
By:
/s/William Schmitz
 
Name: William A. Schmitz
 
Title:   Chief Executive Officer

 
 
/s/Adeeb Saba
Adeeb Saba
 
 

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