Document:

Unassociated Document

    Exhibit
10.17

    

    THIRD
AMENDMENT TO THE

    AKEENA
SOLAR, INC.

    2006
INCENTIVE STOCK PLAN

     

    THIS THIRD AMENDMENT to the 2006
Incentive Stock Plan (the “Plan”) of Akeena Solar, Inc. (the “Company”) is made
as of this 24 day of August, 2008 subject to shareholder approval.

     

    INTRODUCTION

     

    The Board of Directors administers the
Plan, which was adopted on August 8, 2006. The Board of Directors now desires to
amend the Plan to increase the number of shares of common stock, par value
$0.001 per share, of the Company subject to the Plan to 5,000,000 shares from
4,000,000 shares.

     

    AMENDMENT

     

    NOW, THEREFORE, the Board of Directors
hereby amends the Plan, effective September 23, 2008 subject to shareholder
approval, by deleting the text of Section 4 in its entirety and replacing it
with the following:

     

    “Subject
to adjustment as provided in Section 8 hereof, a total of 5,000,000 shares of
the Company’s common stock, par value $0.001 per share (the “Stock”), shall be
subject to the Plan.  The number of shares of Stock that may be
subject to Options granted under the Plan to any individual in any calendar year
shall conform to any requirements applicable to performance-based compensation
under Section 162(m) of the Code, if qualification as performance-based
compensation under Section 162(m) of the Code is intended.  The shares
of Stock subject to the Plan shall consist of unissued shares, treasury shares
or previously issued shares held by any Subsidiary of the Company, and such
amount of shares of Stock shall be and is hereby reserved for such
purpose.  Any of such shares of Stock that may remain unissued and
that are not subject to outstanding Options at the termination of the Plan shall
cease to be reserved for the purposes of the Plan, but until termination of the
Plan the Company shall at all times reserve a sufficient number of shares of
Stock to meet the requirements of the Plan.  Should any Option or
share of Restricted Stock expire or be canceled prior to its exercise or vesting
in full or should the number of shares of Stock to be delivered upon the
exercise or vesting in full of an Option or share of Restricted Stock be reduced
for any reason, the shares of Stock theretofore subject to such Option or share
of Restricted Stock may be subject to future Options or shares of Restricted
Stock under the Plan, except where such reissuance is inconsistent with the
provisions of Section 162(m) of the Code where qualification as
performance-based compensation under Section 162(m) of the Code is
intended.”Exhibit
10.18

     

    The
office rents contract

    

    

    Hiring
side: Taikang Corporation Limited (Hereafter refers to as “TCL”)

    
      The
address: RM302 Defulou, Dexingnan Road, Shiqiao Street, Panyu,
Guangzhou,

    

    
      GD,
511400 China

    

    

    Rents
side: Subaye.Com,Inc.(Hereafter refers to as “SCI”)

    the
address: 126 North Twelfth Road, Country Garden, Sunde Dist., Foshan City ,

    GD 528312
China

    

    WHEREAS:-

    
      TCL
agreed to will be
located 349,Dabei Road, ShiQiao Street, PanYu
District,

    

    
      GuangZhou
City, Guangdong, 511400 China, the altogether 2,000 square
meters

    

    
      Leased to
the use of SCI, after the consultation, both sides will achieve the following
agreement:

    

    

    
      1. 
Deadline:

    

     

    
      1.1 
Lease is
two years, namely from 01 February 2009 to 31 January 2011).

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    
      2. 
Expense:

    

     

    2.1  SCI
agreed pays each month fee of RMB Sixty Thousand only
(¥60,000.00)  rental to TCL, Before each month 10th  pays;
For exempts the different meanings, this rent has included the management fee,
not including the electrical bill, the water fee, the surfer expense, the
telephone bill and SCI manages the administrative expense which must
pay.

     

    2.2  This
agreement states the period, SCI agreed pays punctually responsible all
expenses.

    

    
      3.
Deposit:

    

    

    3.1  SCI  should
be the date of this Agreement to the Party to submit a one-time dollars RMB one
hundred and eighty thousand only(¥180,000.00 )for the lease of the building of
the deposit, such as the expiration of the two sides do not intend to renew,
then TCL has to pay all fees refunded after the non-interest bearing deposit to
SCI;

    

    3.2  The
deposit retains throughout in this contract term of validity planted agent by
TCL, breaks a contract in SCI in the situation, TCL will have the power or
deducts the part the above deposit (for example this kind of situation possibly
to occur) completely, TCL will take the above measure not to affect this
agreement to entrust with its any other rights or other relief way exertion.
When this deposit amount because this contract 3.2nd section or other reasons
fall to the insufficient

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    3.3  When
the deposit amount because of paragraph 3.2 of this contract or for other
reasons, the first 3.1 to less than the amount required by paragraph, the lessee
shall, upon receipt of notice of the lessor from the date of 7 days less than
the above is responsible for the amount of Thy fill, or they will breach of
contract by the SCI treatment

    

    
      3.4  In
addition to the terms of the contract section 3.2 otherwise indicated, the
termination
of this contract in the SCI has paid the contract or other contract to pay all
outstanding fees, or TCL to SCI in violation of this contract or any other
provisions of the contract or terms of the claims raised by the request are met,
the deposit will be returned to SCI within 20 working days with non-interest
bearing by TCL.

    

    

    3.5  Clear
the need to SCI to pay a deposit or to bear all the risk of pre-paid expenses,
once the Party was liquidated Any deposit or pre-payment may not be able to
return the SCI.

    

    4.
 Payment method

    

    4.1  During
the effective period of this contract, SCI should be in units of the month on
full payment of rent and other payment of expenses to TCL. Expenses, these
expenses should be paid anyway on the 1st of each month from 10 working days
paid. If the payment period is the last day of Chinese Public Holiday Day, the
due date will be postponed to the Chinese public Holiday after the first working
day.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    4.2  SCI
shall pay the rent and deposits and other expenses made by check or cash payment
in full amount to TCL.

    

    5.  Rights

    

    5.1  Without
any deductions and delay the case, SCI should be based on the provisions of this
contract time and manner of payment of rent and all other expenses.

    

    5.2  At
the termination of this contract , SCI has to ensure that the lease should be
returned intact Spaces to TCL.

    

    5.3  People's
Republic of China comply with and implement all laws, administrative
regulations, departmental regulations, departmental rules and regulations or
separate regulations, if their violation all the consequences, by SCI on its
own.

    

    5.4  TCL
is entitled in accordance with this contract, to charge a deposit, rent and
other expenses paid by the SCI.

    

    5.5  In
this contract after the expiration or early termination, if SCI does not move
out of the goods or any other property belong to their. TCL has the right to
deal with the property without any compensation or compensation .

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    5.6  TCL
ensure that their enjoyment of the Office of the legitimate use of lease rights
and the right to be let to SCI.

     

    7. 
Termination of contract

    

    7.1  TCL
in advance to terminate the contract in consultation with SCI consensus may be a
reasonable period of time prior to the written notice to the other terminate
this Agreement and pursuant to this Agreement the provisions of Article 3.4 to
the SCI to refund the deposit.

    

    7.2  If
any of the following events, TCL will be entitled to SCI at any time by notice
in writing to terminate this contract. Once TCL has suffered any loss or damage,
including but not limited because of early termination of this Agreement caused
by loss of income or rent, SCI should be liable;

    

    a)    Any
SCI under this contract to meet the costs or accounts in the payment after the
deadline has not yet been paid, TCL is entitled in full forfeiture of deposit,
at the same time in response to requirements of TCL, SCI must pay the amount of
satisfaction to TCL

    

    
      b)  
Insolvent
or SCI surface, so that TCL has reason to believe that it is
highly likely to have more liabilities than assets;

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    
      c)  
In
violation of SCI, or TCL has reason to believe that SCI may be in
breach of this contract in any of the terms and conditions

    

    

    f)   In
any of the above conditions, TCL entitled to full forfeiture of deposit, at the
same time in response to requirements of TCL, SCI must pay the amount of
satisfaction to TCL.

     

    8. 
Renewal

    

    8.1  If
any of the parties on both sides TCL and SCI intends to renew the contract after
the expiration of the contract, the contract should be before the expiry of 30
days written notice to the other side, TCL will be the basis of their
independent judgments to decide whether to renew the contract with
SCI.

    

    9.   Force
Majeure

    

    9.1  During
the effective period of this contract, once the lease space or lease space in
any part at any time been out of fire, flood, storms, typhoons, earthquakes,
war, facilities and equipment, the sudden failure of TCL, as well as other staff
because of natural or man-made disasters caused by the unforeseen, unavoidable
(or, even predictable, in reasonable circumstances still can not be avoided) or
of force majeure, such as building defects do not belong to TCL causes any other
damage or damaged, resulting in single Spaces not suitable for SCI to operate
its business, this contract will be terminated until the lease of space also is
suitable for SCI to operate its business. However, if TCL in accordance with its
independent judgment consider the resettlement of the lease space so that is not
practical and uneconomical or unreasonable, TCL will not bear any of the above
resettlement obligations, and TCL will not be responsible for SCI to pay
compensation claims they suffered any loss;

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    10.  Dispute
settlement

    

    10.1  Where
the implementation of the contract occurred in or in connection with this
contract, all disputes, the parties should be resolved through friendly
consultations; If a dispute has arisen since the date of 45 (45) days can not be
resolved through consultations, the two sides agreed to this the dispute will be
submitted to the People's Court where the conduct of the
proceedings.

     

    11.  Supplementary
Provisions

    

    11.1  The
contract, since the two sides signed date, written in two originals, each party
separately to the receipt, have the same effect.

    

    11.2  Contract
matters not book, but based on the two sides signed a supplementary agreement in
writing before the modification. Supplementary agreement with the contract being
equally authentic.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      

      
        	
                Hiring
      side: Taikang Corporation Limited

              	 	
                Rents
      side: Subaye.Com,Inc.

              	 
	 
      	 	 
      	 
	 
      	 	 
      	 
	 
      	 	 
      	 
	
                  
      

              	 	
                   
      

              	 
	
                Signature

              	 	
                Signature

              	 
	 
      	 	 
      	 
	
                Date:
      2009.2.1

              	 	
                Date:
      2009.2.1

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