Document:

Second Amendment to Security Agreement

 Exhibit 10.14 
 Execution Copy 
 SECOND AMENDMENT TO SECURITY AGREEMENT 
 This SECOND AMENDMENT TO SECURITY AGREEMENT (this “Amendment”), dated as of January 16, 2008, is made and given by each of the
undersigned (collectively, the “Grantors” and individually, each a “Grantor”), in favor of WB QT, LLC, a Delaware limited liability company, as agent for the lenders (the “Lenders”) from time to
time party to the Credit Agreement defined below (in such capacity, the “Secured Party”). 
 RECITALS 
 A. Each Grantor executed in favor of the Secured Party, for the benefit of the Lenders, the Security Agreement dated as of January 31, 2007, as
amended by a First Amendment to Security Agreement dated as of November 6, 2007 (the “Security Agreement”) pursuant to which each Grantor pledged and granted to the Secured Party, for the benefit of the Lenders, a security
interest in the property described therein. 
 B. The Grantors desire to amend certain provisions of the Security Agreement and the Secured
Party has agreed to make such amendments, subject to the terms and conditions o this Amendment. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, it is agreed as follows: 
 1. Defined Terms. Capitalized terms used in this Amendment which are defined in the Security Agreement shall have the same meanings
as defined therein, unless otherwise defined herein. 
 2. Amendment of Obligations. The definition of
“Obligations” contained in Section 1(a) of the Security Agreement is hereby amended in its entirety to read as follows: 
 “Obligations” shall mean (a) all indebtedness, liabilities and obligations of each Grantor to the Secured Party or any Lender of every kind, nature or description under the Credit Agreement,
including the Borrower’s obligations on any promissory note or notes under the Credit Agreement and any note or notes hereafter issued in substitution or replacement thereof, and any other Loan Document (as defined in the Credit Agreement),
(b) any and all indebtedness, liabilities and obligations of any Grantor to the Secured Party or any Lender of every kind, nature and description under any Guaranty and any other guaranty or guaranties executed and delivered by such Grantor in
favor of the Secured Party, (c) all liabilities of each Grantor under this Agreement, and in all of the foregoing cases whether due or to become due, and whether now existing or hereafter arising or incurred. 

 3. Effectiveness. This Amendment shall be effective as of the date first above
written upon the complete execution and delivery (whether by facsimile or otherwise) thereof. 
 4. Affirmation of Security
Agreement. The Secured Party and each Grantor each acknowledge and affirm that the Security Agreement, as amended hereby, is hereby ratified and confirmed in all respects and all terms, conditions and provisions of the Security Agreement, except
as amended by this Amendment, shall remain unmodified and in full force and effect. All references in any document or instrument to the Security Agreement are hereby amended and shall refer to the Security Agreement as amended hereby. 
 5. Successors. This Amendment shall be binding upon each Grantor, the Secured Party and their respective successors and
assigns, and shall inure to the benefit of each Grantor, the Secured Party and the successors and assigns of the Secured Party. 
 6. Counterparts. This Amendment may be executed in several counterparts as deemed necessary or convenient, each of which, when so executed, shall be deemed an original, provided that all such counterparts shall be regarded as one and
the same document, and any party to this Amendment may execute any such agreement by executing a counterpart of such agreement. 
 7. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE STATE OF MINNESOTA, WITHOUT GIVING EFFECT TO CONFLICT OF LAW PRINCIPLES THEREOF. 
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date
first written above. 
  

			
	WB QT, LLC, as Agent
		
	By:	 	/s/ Jonathon Wood
	Name:	 	Jonathon Wood
	Title:	 	CFO
	
	TECSTAR AUTOMOTIVE GROUP, INC.
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo
	Title:	 	Secretary
	
	QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC.
		
	By:	 	/s/ W. Brian Olson
	Name:	 	W. Brian Olson
	Title:	 	CFO

  

 S-1 
 [Signature Page to Second Amendment to Security Agreement] 

			
	CLASSIC DESIGN CONCEPTS, LLC
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo
	Title:	 	Secretary
	
	PERFORMANCE CONCEPTS, LLC
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo
	Title:	 	Secretary
	
	POWERTRAIN INTEGRATION, LLC
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo
	Title:	 	Secretary
	
	REGENCY CONVERSIONS, LLC
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo
	Title:	 	Secretary

  

 S-2 
 [Signature Page to Second Amendment to Security Agreement] 

			
	STARCRAFT AUTOMOTIVE GROUP, INC.
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo
	Title:	 	Secretary
	
	TECSTAR, L.P.
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo
	Title:	 	Secretary
	
	TECSTAR PARTNERS, LLC
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo
	Title:	 	Secretary
	
	TROY TOOLING, LLC
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo
	Title:	 	Secretary
	
	UNIQUE PERFORMANCE CONCEPTS, LLC
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo

  

 S-3 
 [Signature Page to Second Amendment to Security Agreement] 

			
	Title:	 	Secretary

  

			
	WHEEL TO WHEEL, LLC
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo
	Title:	 	Secretary
	
	WHEEL TO WHEEL POWERTRAIN, LLC
		
	By:	 	/s/ Kenneth R. Lombardo
	Name:	 	Kenneth R. Lombardo
	Title:	 	Secretary

  

 S-4 
 [Signature Page to Second Amendment to Security Agreement]Release and Cancellation of Indebtedness

 EXHIBIT 10.15 
 RELEASE AND CANCELLATION OF INDEBTEDNESS 
 This Release and Cancellation of Indebtedness (the
“Agreement”) is entered into as of March 10, 2008, by and between Tecstar Automotive Group, Inc. (“TAG”), WB Automotive Holdings, Inc. (“WB Holdings”), and Quantum Fuel Systems Technologies
Worldwide, Inc. (“Quantum”) (collectively, the “Parties”). 
 WHEREAS, pursuant to the
terms of a Strict Foreclosure Agreement dated January 16, 2008 (“Closing Date”), TAG transferred, conveyed, assigned and surrendered all of its right, title and interest in certain of the Collateral (the “Transferred
Collateral”) to WB Holdings in full payment, satisfaction and release of certain indebtedness (“Released Indebtedness”) owed by TAG to WB Holdings (the “Strict Foreclosure Agreement”); and 

 WHEREAS, excluded from the Released Indebtedness was TAG’s obligations under a certain Promissory Note, dated
November 6, 2007 (the “November Term Note”), in the original principal amount of $5,000,000 in favor of WB QT; and 
 WHEREAS, pursuant to a certain Assignment Agreement dated January 16, 2008, WB QT assigned all of its rights, title and interest in and under the November Term Note to WB Holdings; and 
 WHEREAS, TAG and WB Holdings have determined that it is in their mutual best interest to cancel the November Term Note; and 
 WHEREAS, WB Holdings is willing to release TAG from its obligations under the November Term Note and cancel the November Term Note, in accordance
with the terms of the Agreement; 
 NOW THEREFORE, in consideration of the mutual covenants set forth below, it is hereby agreed as
follows: 
 1. Recitals Incorporated. The recitals and prefatory phrases and paragraphs set forth above are hereby incorporated in
full, and made a part of, this Agreement. 
 2. Release and Cancellation of Indebtedness. WB Holdings hereby: (a) releases and
forever discharges TAG from all of its obligations under the November Term Note including, without limitation, the obligation to repay the principal and accrued interest thereon and (b) agrees to stamp the November Term Note
“CANCELLED” and promptly return the November Term Note to TAG. 
 3. Release of Liability in Favor of WB Holdings and its
Subsidiaries. Effective upon the date hereof, TAG and Quantum hereby (a) irrevocably and unconditionally release and forever discharge WB Holdings, and the direct and indirect subsidiaries of WB Holdings that were acquired by WB Holdings
from TAG pursuant to the Strict Foreclosure Agreement (including but not limited to Troy Tooling, LLC, Regency Conversions, LLC, Tecstar Canada Manufacturing Limited, Wheel to Wheel, LLC, Wheel to Wheel Powertrain, LLC, Classic Design Concepts, LLC,
Tecstar, L.P., and Powertrain Integration, LLC), and their respective managers, officers, agents, professionals, employees, attorneys, representatives, directors, successors and assigns, and each of them (collectively, the “WB Holdings
Releasees”), from any and all intercompany obligations owed by any of the WB Holdings Releasees to TAG or Quantum as of the date of this Release (“Released Claims”) and (b) covenant not to sue any of the WB Holdings
Releasees on account of any Released Claims. Notwithstanding anything herein to the contrary, nothing herein shall constitute a waiver of any of the obligations of any of the WB Holdings Releasees under this Agreement or the Strict Foreclosure
Agreement. 
 4. Quantum Representation and Warranty. Quantum represents and warrants that it is unaware of any claims Quantum or any
subsidiaries of Quantum have against the WB Holdings Releasees. 

 5. Entire Agreement. This Agreement represents the final agreement between the Parties with
respect to its subject matter, and may not be contradicted by evidence of prior or contemporaneous oral agreements among the parties. There are no oral agreements between the Parties with respect to the subject matter of this Agreement. 

6. Successors and Assigns. This Agreement shall: (a) be binding on the Parties and their respective successors and assigns; and
(b) inure to the benefit of the Parties and their respective successors and assigns. 
 7. Governing Law. This Agreement shall be
governed by and construed in accordance with the law of the State of Michigan applicable to contracts made and to be performed within such state without giving effect to any choice of law or conflict of law provision or rule (whether of the State of
Michigan or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Michigan. 
 8. Amendment, Waiver. This Agreement may be amended, modified or waived only in a writing signed by both Parties. 
 9. Good Faith and Consultation with Legal Counsel. This Agreement has been jointly drafted by the Parties and each of the Parties has had access to and the opportunity to consult with independent legal counsel. Each of the
Parties acknowledges having read all of the terms of this Agreement and they enter into the Agreement voluntarily and without duress. 
 10. Severability. In the event that any one or more of the provisions of this Agreement shall be for any reason invalid, illegal or unenforceable in any respect, the invalidity, illegality, or unenforceability shall not affect
any other provision of the Agreement and such invalid, illegal or unenforceable provision shall be treated as if it had never been contained herein. 
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the
day and year first above written. 
  

									
	TECSTAR AUTOMOTIVE GROUP, INC	 		 	WB AUTOMOTIVE HOLDINGS, INC.
					
	By:	 	/s/ Kenneth R. Lombardo	 		 	By:	 	/s/ Jonathon Wood
	Its:	 	Corporate Secretary	 		 	Its:	 	Director and Secretary

  

			
	QUANTUM FUEL SYSTEMS TECHNOLOGIES
	WORLDWIDE, INC.
		
	By:	 	/s/ W. Brian Olson
	Its:	 	CFO
	
	DETROIT 37289-1 1030865v5 3/4/2008

  

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