Document:

EX-10.2

Exhibit 10.2

Letter Agreement

This Letter Agreement (“Agreement”) effective as of November 4, 2009 (the “Effective Date”) is
by and between Aruba Networks, Inc. (a Delaware Corporation) and its Affiliates, (collectively
“Aruba”), and Motorola, Inc. (a Delaware corporation) together with its Affiliates, including,
without limitation, Symbol Technologies, Inc., Wireless Valley Communications, Inc., and
AirDefense, Inc. (collectively “Motorola”) (as used herein, Motorola and Aruba are each a “Party”
and collectively the “Parties”).

Defined terms, including, without limitation, “Affiliate”, “Assert”, “Separation Event”, “Separated
Business”, “Term”, and “Party”, as used in this Agreement are the same as they are defined in the
Patent Cross License and Settlement Agreement (“Settlement Agreement”) executed between the Parties
concurrently with this Agreement.

In consideration of the promises contained herein and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:

1. In the event a first Party (“Asserting Party”) has during the Term a patent infringement claim
against any product, service, software or system (or against any activity in connection therewith)
that would have been within the scope of the licenses, covenants, releases, immunities or other
rights granted under the Settlement Agreement but for the application of Section 3.4(c) of the
Settlement Agreement (either alone or in combination with other items), then the Asserting Party
shall Proceed in the First Instance (as hereinafter defined) against the applicable Adverse Party
(as hereinafter defined) rather than against the other Party to this Agreement (“Non-Asserting
Party”).

To “Proceed in the First Instance” means to Assert any such action or claim against such Adverse
Party rather than against the Non-Asserting Party and to prosecute such action or claim through the
entry of a final non-appealable judgment by a court of competent jurisdiction prior to any
Assertion of such action or claim against the Non-Asserting Party.

“Adverse Party” means any of the parties with whom a Party to this Agreement is adverse in a
currently pending patent infringement action or proceeding before a court of competent jurisdiction
(as identified in writing by one Party to the other Party on the Effective Date).

2. In the event the Asserting Party obtains a final and non-appealable judgment of infringement
against an Adverse Party with respect to any claim subject to Section 1, or enters into a complete
and final settlement with such Adverse Party, then the Non-Asserting Party shall have, and be
deemed to have, all the rights that would have been within the scope of the licenses, covenants,
releases, immunities or other rights granted under the Agreement but for the application of Section
3.4(c) of the Settlement Agreement with respect to the sale or other disposal to, or the use by,
such Adverse Party, provided that this Section 2 shall not be applicable (and the Dispute
Resolution process described under Section 3 shall not be initiated) in the event the Asserting
Party gives the Non-Asserting Party written notice that there is a continuing dispute between the
Asserting Party and the Adverse Party within thirty (30) days after any such judgment of
infringement.

3. Subject to Sections 1 and 2, in the event the Asserting Party ultimately Asserts such a patent
infringement claim against the Non-Asserting Party based on a sale or other disposal to, or the use
by, an Adverse Party of any client software of the Non-Asserting Party that would have been within
the scope of the licenses, covenants, releases, immunities or other rights granted under the
Settlement Agreement but for the application of Section 3.4(c) of the Settlement Agreement, such
Assertion will be resolved through the Dispute Resolution process set forth in Section 11 of the
Settlement Agreement, except that for such a dispute, instead of either Party being entitled to
bring an action in the civil courts for the state of Delaware as provided in section 11.3 of the
Settlement Agreement, the Parties shall submit the matter to final and binding arbitration
according to the arbitration procedure set forth below.

4. Any such Assertion subject to Section 3 shall be finally settled by arbitration in Wilmington,
Delaware, or another mutually agreed to location, using the English language in accordance with the
Arbitration Rules and Procedures of JAMS/Endispute (“JAMS”) then in effect, by an arbitrator who
will be chosen from the appropriate list of JAMS arbitrators. The arbitrator shall have at least
fifteen (15) years of active patent litigation experience. If the Parties cannot agree upon the
identity of an arbitrator within fifteen (15) days following the initiation of the arbitrator
selection process, then an arbitrator shall be selected on an expedited basis in accordance with
the Arbitration Rules and Procedures of JAMS. The remedies that may be awarded by the arbitrator
shall be limited to those that could be imposed by a court of competent jurisdiction in law or
equity. The arbitrator shall have the authority to allocate between the Parties the costs of
arbitration (including, without limitation, service fees, arbitrator fees and all other fees
related to the arbitration) in such equitable manner as the arbitrator may determine. The
arbitrator shall render a written decision within thirty (30) days of the conclusion of the
arbitration proceedings. The written decision shall discuss the specific findings of fact and
conclusions of law and remedies imposed by the arbitrator. Judgment upon the award so rendered may
be entered in a court having jurisdiction or application may be made to such court for judicial
acceptance of any award and an order of enforcement, as the case may be.

5. The Asserting Party will indemnify and hold harmless the Non-Asserting Party, its successors
and assigns (collectively, the “Indemnified Parties”) against, and reimburse any Indemnified Party
for, any and all amounts awarded in any such arbitration, or awarded in any litigation brought by
the Asserting Party in violation of this Agreement, along with the reasonable attorneys’ fees and
reasonable associated costs and expenses incurred by such Indemnified Party in defending against
such Assertion, along with all damages to the Non-Asserting Party that are determined by any such
arbitrator to have resulted from any injunction imposed by such arbitrator against the sale or
disposal by the Non-Asserting Party to the Adverse Party. Notwithstanding anything to the contrary
in this Agreement, the Asserting Party shall not be liable for any indemnification, and the
Non-Asserting Party shall not be entitled to any indemnification, in the event the Non-Asserting
Party is brought into any litigation or other proceedings by action of an Adverse Party or any
other third party, or by action of its own (such as by indemnifying or holding the Adverse Party
harmless from such claims), rather than by action of the Asserting Party. In the event the
Asserting Party obtains a final judgment enforceable jointly and severally against the Adverse
Party and the Non-Asserting Party in such litigation, the Asserting Party agrees to attempt to
collect on any such judgment first from such Adverse Party.

6. This Agreement terminates automatically and immediately upon the termination of the Settlement
Agreement.

7. With respect to matters of contract construction, enforcement and interpretation, the
substantive law of the state of Delaware, United States of America shall apply to this Agreement,
without regard to its conflicts of laws principles. This Agreement shall not be binding upon the
Parties until it has been signed below by or on behalf of each Party. No amendment or modification
of this Agreement shall be valid or binding upon the Parties unless made in writing and signed by
each Party. The Parties agree that this Agreement is not superseded by the Settlement Agreement.
This Agreement shall be binding upon and inure to the benefit of the Parties’ successors and
assigns. Promptly after a Separation Event, the Separated Business will execute in writing an
agreement to be bound by all the obligations of Motorola under this Agreement with respect to such
rights and obligations assigned to such Separated Business in such Separation Event, and a copy of
such agreement will be provided to Aruba. If any term, clause or provision of this Agreement is
found by competent authority to be invalid, illegal or unenforceable in any respect for any reason,
the Parties shall negotiate in good faith a valid, legal and enforceable substitute provision that
most nearly reflects the original intent of the Parties and the remainder of this Agreement shall
continue in effect. This Agreement may be executed in two or more counterparts, each of which is
deemed an original, but all of which together constitute one and the same instrument. A facsimile
or copy of a signature is valid as an original.

1

IN WITNESS WHEREOF, Motorola, Inc. and Aruba Networks, Inc., for themselves and each of their
Affiliates, have caused this Agreement to be executed by their duly authorized representatives
as of the Effective Date:

	 	 	 
	Agreed to:

	 	Agreed to:
	MOTOROLA, INC.

	 	ARUBA NETWORKS, INC.
	By:  /s/ Robert Sanders

Name: Robert Sanders

Title: Corporate Vice President

Date: November 4, 2009

	 	By:  /s/ Steffan Tomlinson

Name: Steffan Tomlinson

Title: CFO

Date: November 4, 2009

MOTOROLA, INC.

By:  /s/ Jonathan P. Meyer

Name: Jonathan P. Meyer

Title: Senior Vice President

Date: November 4, 2009

2ex10-1.htm

    Exhibit
10.1

    FIRST AMENDMENT TO
PROMISSORY NOTES

    

    This
First Amendment to Promissory Notes (“Amendment”), entered into by
the undersigned and dated November __, 2009, amends each Promissory Note issued
by ECO2 Plastics
Inc. (“ECO2”)
for the benefit of each respective holder listed on Schedule I attached hereto
(the “Notes”).  Capitalized
terms used but not defined herein shall have the meanings ascribed to them in
the original promissory note.

     

    BACKGROUND

     

    WHEREAS,
the undersigned desire to extend the date on which the unpaid principal and
accrued and unpaid interest on the Notes is due and payable, and are willing to
extend such date on the terms and conditions set forth below; and

     

    NOW,
THEREFORE, for good and valuable consideration, the receipt of which is hereby
acknowledged, the undersigned, intending to be legally bound, agree as
follows:

     

    1.           Amendment.

     

    
      	
              a.  

            	
              Section
      2 of each Note is hereby amended by deleting the paragraph in its
      entirety, and inserting in place thereof the below
    language:

            

    

     

    “Maturity
Date.  The Note Amount, any accrued Interest thereon and all
other sums due hereunder, shall be due and payable on November 30, 2009 (the
“Maturity
Date”).

     

    
      	
              b.  

            	
              Other
      than as expressly set forth herein, all other terms of the Notes shall
      remain in effect as set forth in therein with no amendments or
      alterations.

            

    

     

    2.           General
Provisions.

     

    
      	
              a.  

            	
              Governing
      Law.  The terms of this Amendment shall be construed in
      accordance with the laws of the State of California, as applied to
      contracts entered into by California residents within the State of
      California and to be performed entirely within the State of
      California.

            

    

     

    
      	
              b.  

            	
              Modification;
      Waiver.  No modification or waiver of any provision of
      this Amendment or consent to the departure therefrom shall be effective
      without the written consent of ECO2 and
      the Note holders, and then it shall be effective only in the specific
      instance and for the specific purpose for which it was
    given.

            

    

     

    
      	
              c.  

            	
              Successors and
      Assigns.  This Amendment shall be binding upon and shall
      inure to the benefit of any and all successors, assigns, heirs, executors
      and personal representatives of the undersigned.  This
      Amendment, as it pertains to the Notes, may be assigned by the holder of
      such Note without the consent of ECO2, but
      may not be assigned by ECO2
      without the prior written consent of the holder of such
    Note.

            

    

     

    
      	
              d.  

            	
              Severability;
      Headings.  If any provision of this Amendment shall be
      held to be illegal, invalid or unenforceable, the remaining provisions
      shall continue to be in full force and effect.  The headings of
      paragraphs are for convenience only; they are not part of this Amendment
      and shall not affect its
interpretation.

            

    

     

    
      	
              e.  

            	
              Counterparts.  This
      Amendment may be executed in one or more counterparts, each of which shall
      be deemed an original, but all of which together shall constitute one and
      the same instrument.

            

    

     

    

    Signature
Page Follows

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the undersigned have executed this Amendment as of the day and
year first above written.

    

    ECO2
Plastics, Inc.

    

    

    By:
____________________________________

    Name:
Raymond M. Salomon

    Title:
Chief Financial Officer

    

    

    Buff
Investments Limited Partnership

    

    

    By:
____________________________________

    Name:

    Title:

    

    

    Trident
Capital Fund-VI, L.P.

    Trident
Capital Fund-VI Principals Fund, L.L.C.

    

    Executed
by the undersigned as an authorized signatory of the General Partner of Trident
Capital Fund-VI, L.P. and of the Managing Member of Trident Capital Fund-VI
Principals Fund, L.L.C.

     

    
________________________________________

    (signature)

     

    ________________________________________

    (print name)

    

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    THE
SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR UNDER THE PROVISIONS OF
ANY APPLICABLE STATE SECURITIES LAWS, BUT HAVE BEEN ACQUIRED BY THE REGISTERED
HOLDER HEREOF FOR PURPOSES OF INVESTMENT AND IN RELIANCE ON STATUTORY EXEMPTIONS
UNDER THE 1933 ACT, AND UNDER ANY APPLICABLE STATE SECURITIES
LAWS.  THESE SECURITIES MAY NOT BE SOLD, PLEDGED, TRANSFERRED OR
ASSIGNED EXCEPT IN A TRANSACTION WHICH IS EXEMPT UNDER THE PROVISIONS OF THE
1933 ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT.

     

    

    PROMISSORY
NOTE

    

                                                                                                    Riverbank,
California

                                                                               Date
of Issuance: [_________], 2009

    

               FOR
VALUE RECEIVED, ECO2 PLASTICS, INC., a Delaware
corporation (the “Promisor”) hereby
promises to pay to the order of [____________________] (the
“Promisee” or
the “Holder”),
in lawful money of the United States at the address of the Holder set forth
herein, the principal amount of [_______________________] ($[________]) (the
“Note Amount”),
together with Interest, as defined below.  This Promissory Note
(“Note”) has
been executed by the Promisor on the date set forth above (the “Effective
Date”).

    

    1.            Interest.  Interest
shall accrue at eight percent (8%) per annum on the outstanding principal amount
of this Note (the “Interest”).  Upon
the occurrence of an Event of Default and for so long as such Event of Default
continues, Interest shall accrue on the outstanding Note Amount at the rate of
eight percent (8%) per annum (the “Default Interest
Rate”).

    

    2.            Maturity
Date.  The Note Amount, any accrued Interest thereon and all
other sums due hereunder, shall be due and payable October 31, 2009 (the “Maturity
Date”).

    

    3. Application of
Payments.

    

    3.1.            Except
as otherwise expressly provided herein, payments under this Note shall be
applied, (i) first to the repayment of any sums incurred by the Holder for the
payment of any expenses in enforcing the terms of this Note, (ii) then to the
payment of any accrued but unpaid Interest under this Note, and (iii) then to
the reduction of the Note Amount.

    

    3.2.            The
Promisor may prepay all or any part of the principal without
penalty.

    

    3.3.            Upon
payment in full of the Note Amount, any applicable accrued and unpaid Interest
thereon, and any other sums due hereunder, this Note shall be marked “Paid in
Full” and returned to the Promisor.

     
 

    4.            Waiver of
Notice.  The Promisor hereby waives presentment for payment,
demand, notice of nonpayment, notice of protest and protest of this Note, and
all other notices in connection with the delivery, acceptance, performance,
default or enforcement of the payment of this Note, and agrees that the
liability of the Promisor shall be unconditional without regard to the liability
of any other party and shall not be in any manner affected by any indulgence,
extension of time, renewal, waiver or modification granted or consented to by
the Promisee.

    

    5.            Events of
Default.  The occurrence of any of the following events (each
an “Event of
Default”) shall constitute an Event of Default of the
Promisor:

    

    5.1. the failure of the Promisor to make any
payment due hereunder within three (3) days after the due date thereof;
and

     

    5.2.            (i)
the application for the appointment of a receiver or custodian for the Promisor
or the property of the Promisor, (ii) the entry of an order for relief or the
filing of a petition by or against the Promisor under the provisions of any
bankruptcy or insolvency law, (iii) any assignment for the benefit of creditors
by or against the Promisor, or (iv) the Promisor’s insolvency (which term is
defined for purposes of this paragraph as the failure or inability of the
Promisor to meet its obligations as the same fall due). 

    

               Upon
the occurrence of any Event of Default that is not cured within any applicable
cure period, if any, the Holder may elect to take at any time any or all of the
following actions: (i) declare this Note to be forthwith due and payable,
whereupon the entire unpaid Note Amount, together with all accrued and unpaid
Interest thereon (including the Default Interest Rate), and all other cash
obligations hereunder, shall become forthwith due and payable, without
presentment, demand, protest or any other notice of any kind, all of which are
hereby expressly waived by the Promisor, anything contained herein to the
contrary notwithstanding, (ii) set-off any amounts owed by the Promisee or any
Affiliate of the Promisee (each of which is an intended third party beneficiary
hereunder), to the Promisor whatsoever against any amounts owed by the Promisor
to the Promisee hereunder; and (iii) exercise any and all other remedies
provided hereunder or available at law or in equity.  For purposes of
this Note, “Affiliate” means any
other party that, directly or indirectly, through one or more intermediaries,
controls, is controlled by, or is under control with, such party.

    

    If an Event of Default occurs by the
Promisor, the Promisor agrees to pay, in addition to the Note Amount, reasonable
attorneys' fees and any other reasonable costs incurred by the Holder in
connection with its pursuit of its remedies under this Note.

    

    6.           Conversion.

    

    6.1           At
any time upon written notice by the Promisee to the Promisor, the principal
amount and all Interest due under this Note shall be converted into shares of
Series C Convertible Preferred Stock of the Promisor (“Securities”) at a
price per share equal to $0.015 (subject to appropriate adjustment for all stock
splits, subdivisions, combinations, recapitalizations and the
like).  No fractional shares of Securities will be issued upon such
conversion of this Note.  In lieu thereof, the number of Securities to
be issued to the Holder shall be rounded to the nearest whole
share.  Upon conversion of this Note pursuant to this Section 6, the
Holder shall surrender this Note, duly endorsed, at the principal offices of the
Promisor or any transfer agent of the Promisor.  At its expense, the
Promisor will, as soon as practicable thereafter, issue and deliver to such
Holder, at such principal office, a certificate or certificates for the number
of shares to which such Holder is entitled upon such conversion, together with
any other securities and property to which the Holder is entitled upon such
conversion under the terms of this Note, including a check payable to the Holder
for any cash amounts payable as described herein.  Upon conversion of
this Note, the Promisor will be forever released from all of its obligations and
liabilities under this Note with regard to that portion of the principal amount
and accrued interest being converted including without limitation the obligation
to pay such portion of the principal amount and accrued interest.

    

    7.           Miscellaneous.

    

    7.1           Successors and
Assigns.  The terms and conditions of this Note shall inure to
the benefit of and be binding upon the respective executors, administrators,
heirs, successors and permitted assigns of the parties.  This Note (or
a portion hereof) may be assigned by the Holder without the consent of the
Promisor.  This Note may not be assigned by the Promisor without the
prior written consent of the Promisee.

    

    7.2           Loss or Mutilation of
Note.  Upon receipt by the Promisor of evidence reasonably
satisfactory to the Promisor of the loss, theft, destruction or mutilation of
this Note, together with indemnity reasonably satisfactory to the Promisor, in
the case of loss, theft or destruction, or the surrender and cancellation of
this Note, in the case of mutilation, the Promisor shall execute and deliver to
the Holder a new promissory note of like tenor and denomination as this
Note.

    

    7.3           Notices.  Any
notice or other communication required or permitted to be given pursuant to the
terms of this Note shall be in writing and shall be deemed effectively given the
earlier of, (i) when received, (ii) when delivered personally, (iii) one
business day after being delivered by facsimile (with receipt of appropriate
confirmation), or (iv) one (1) business day after being deposited with an
overnight courier service, and addressed to the recipient at the addresses set
forth below unless another address is provided to the other party in
writing:

    

    If to Promisee,
to:

    

    ________________________

    ________________________

    ________________________

    ________________________

    Attn:    
__________________

    Fax:       
__________________

    

    If to the Promisor,
to:

    

    ECO2 Plastics,
Inc.

    P. O. Box
760

    5300 Claus Road

    Riverbank,
CA  95367

    Attn:  Chief Accounting
Officer

    Fax:           (209)
863-6200 

    with a copy
to:

    

                          The
Otto Law Group, PLLC

    601 Union Street, Suite
4500

    Seattle, WA 98101

    Attn:           David
M. Otto

    Fax:           (206)
262-9513

    

    7.4           Governing
Law.  This Note shall be governed in all respects by the laws
of the State of California as applied to agreements entered into and performed
entirely within the State of California by residents thereof, without regard to
any provisions thereof relating to conflicts of laws among different
jurisdictions.

    

    7.5           Waiver and
Amendment.  No waiver of any term of this Note shall be
effective against the Holder unless in writing.  Any term of this Note
may be amended, waived or modified only with the written consent of the Promisor
and the Holder.

    

    7.6           Remedies.  No
delay or omission by the Holder in exercising any of its rights, remedies,
powers or privileges hereunder or at law or in equity and no course of dealing
between the Holder and the undersigned or any other person shall be deemed a
waiver by the Holder of any such rights, remedies, powers or privileges, even if
such delay or omission is continuous or repeated, nor shall any single or
partial exercise of any right, remedy, power or privilege preclude any other or
further exercise thereof by the Holder or the exercise of any other right,
remedy, power or privilege by the Holder.  The rights and remedies of
the Holder described herein shall be cumulative and not restrictive of any other
rights or remedies available under any other instrument, at law or in equity
provided that such rights or remedies are not inconsistent with the express
provisions hereof.

    

    7.7           Usury Savings
Clause.  In the event any interest is paid on this Note which
is deemed to be in excess of the then legal maximum rate, then that portion of
the interest payment representing an amount in excess of the then legal maximum
rate shall be deemed a payment of principal and applied against the principal of
this Note.

     

    7.8           Severability.  If
any provision hereof is found by a court of competent jurisdiction to be
prohibited or unenforceable, it shall be ineffective only to the extent of such
prohibition or unenforceability, and such prohibition or unenforceability shall
not invalidate the balance of such provision to the extent it is not prohibited
or unenforceable, nor invalidate the other provisions hereof, all of which shall
be liberally construed in favor of the Promisee in order to effect the
provisions of this Note.

     

    7.9           Setoff.  Notwithstanding
the absence of an Event of Default, the Promisee shall have the right to set-off
any amounts owed by the Promisee or any Affiliate of the Promisee (each of which
is an intended third party beneficiary hereunder) to the Promisor whatsoever
against any amounts owed by the Promisor to the Promisee hereunder.

     

    

     

               IN
WITNESS WHEREOF, the Promisor has caused this Note to be signed on the Effective
Date.

    

    

    

    ECO2 PLASTICS,
INC.

    

    

    

                                                                                                    _______________________________

    Name:
Raymond M. Salomon

    Title:
Chief Financial Officer

    

    

    

    CALIFORNIA ALL-PURPOSE
ACKNOWLEDGMENT

    

    State of
California

    County of
__________________________

    On
______________________ before me,
___________________________________________

    (Date)                                                                (Insert
Name and Title of Officer)

    Personally
appeared
_____________________________________________________________

    Name(s) of Signer(s)

    ______________________________________________________________________________

    

    Who
approved me on the basis of satisfactory evidence to be the person(s) whose
name(s) is/are subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their authorized capacity(ities), and
by his/her/their signature(s) on the instrument the person(s), or the entity
upon behalf of which the person(s) acted, executed the instrument.

    

    I certify
that under PENALTY OF PERJURY under the laws of the State of California that the
foregoing paragraph is true and correct.

    

    WITNESS
my hand and official seal.

    Place
Notary Seal Above

    Signature
_______________________________________

    (Signature of Notary
Public)

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