Document:

REGISTRATION
      RIGHTS AGREEMENT

     

    This
      REGISTRATION RIGHTS AGREEMENT (this “Agreement”),
      dated
      as of May __, 2007, is by and between VeruTEK Technologies, Inc., a Nevada
      corporation (the “Company”),
      and
      each of the entities whose names appear on the signature pages hereof. Such
      entities are each referred to herein as “Purchaser”
and,
      collectively, as the “Purchasers”.

     

    WHEREAS:
      

     

    A.
      The
      Company has agreed, on the terms and subject to the conditions set forth in
      the
      Securities Purchase Agreement, dated as of May __, 2007 (the “Securities
      Purchase Agreement”),
      to
      issue and sell to each Purchaser named therein (A) a 6.0% Secured Convertible
      Note in the form attached to the Securities Purchase Agreement (each, a
“Note”
and,
      collectively, the “Notes”)
      and
      (B) a Warrant in the form attached to the Securities Purchase Agreement (each,
      a
“Warrant”
and,
      collectively, the “Warrants”).

     

    B.
      The
      Notes are convertible, subject to the terms and conditions specified therein
      and
      in the Securities Purchase Agreement, into shares (the “Conversion
      Shares”)
      of the
      Company’s common stock, par value $0.001 per share (the “Common
      Stock”).
      The
      Warrants are exercisable, subject to the terms and conditions specified therein
      and in the Securities Purchase Agreement, into shares of Common Stock (the
      “Warrant
      Shares”).

     

    C.
      In
      order to induce each Purchaser to enter into the Securities Purchase Agreement,
      the Company has agreed to provide certain registration rights under the
      Securities Act of 1933, as amended (the “Securities
      Act”),
      and
      under applicable state securities laws.

     

    NOW,
      THEREFORE, in consideration of each Purchaser entering into the Securities
      Purchase Agreement, and other good and valuable consideration, the receipt
      and
      sufficiency of which are hereby acknowledged, the parties agree as
      follows:

     

    1. DEFINITIONS.

     

    For
      purposes of this Agreement, the following terms shall have the meanings
      specified:

     

    “Business
      Day”
means
      any day other than a Saturday, a Sunday or a day on which the Commission is
      closed or on which banks in the City of New York are authorized by law to be
      closed.

     

    “Commission”
means
      the Securities and Exchange Commission.

     

    “Effective
      Date”
means
      the date on which the Registration Statement is declared effective by the
      Commission.

     

    “Filing
      Deadline”
means
      the date that is the earliest of the following: (i) the date on which the
      Company files a registration statement covering any of its securities issued
      on
      or after the date of this Agreement; (ii) the date on which the Company is
      contractually required to file a registration statement covering any of its
      securities (other than the Registrable Securities) issued after the Closing
      Date; and (iii) the date that is the sixtieth (60th) calendar day following
      the
      Closing Date.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    “Holder”
means
      any person owning or having the right to acquire, through conversion of the
      Notes or exercise of the Warrants or otherwise, Registrable Securities,
      including initially each Purchaser and thereafter any permitted assignee
      thereof.

     

    “Registrable
      Securities”
means
      the Conversion Shares, the Warrant Shares, and any other shares of Common Stock
      issuable pursuant to the terms of the Note or the Warrants, and any shares
      of
      capital stock issued or issuable from time to time (with any adjustments) in
      replacement of, in exchange for or otherwise in respect of the Conversion Shares
      and the Warrant Shares.

     

    “Registration
      Deadline”
means
      the earliest of the following: (i) the one hundred eightieth (180th) calendar
      day following the Closing Date, and (ii) the fifth (5th) Business Day after
      the
      Company learns that no review of the Registration Statement will be made by
      the
      staff of the Commission or that the staff of the Commission has no further
      comments on the Registration Statement.

     

    “Registration
      Statement”
means
      a
      registration statement or statements of the Company prepared in compliance
      with
      the Securities Act and covering the Registrable Securities.

     

    Capitalized
      terms used herein and not otherwise defined shall have the respective meanings
      specified in the Securities Purchase Agreement.

     

    2. REGISTRATION

     

    (a) Filing
      of Registration Statement.
      On or
      before the Filing Deadline, the Company shall prepare and file with the
      Commission a Registration Statement covering the resale of a number of shares
      of
      Registrable Securities equal to one hundred and fifty percent (150%) of the
      number of shares of Common Stock issuable upon conversion of the Notes and
      exercise of the Warrants (such number to be determined using the Conversion
      Price (as defined in the Notes) and Exercise Price (as defined in the Warrants)
      in effect on the date on which the Registration Statement is filed and without
      regard to any restriction on such conversion or exercise). Such Registration
      Statement shall include the Plan of Distribution attached hereto as Exhibit
      A.
      Such
      Registration Statement shall also state, to the extent permitted by Rule 416
      under the Securities Act (“Rule
      416”),
      that
      it also covers such indeterminate number of additional shares of Common Stock
      as
      may become issuable upon the conversion of the Notes and exercise of the
      Warrants in order to prevent dilution resulting from stock splits, stock
      dividends or similar events. 

     

    (b) Effectiveness.
      The
      Company shall use reasonable best efforts to cause the Registration Statement
      to
      become effective as soon as practicable following the filing thereof, but in
      no
      event later than the Registration Deadline. The Company shall respond promptly
      to any and all comments made by the staff of the Commission on with respect
      to a
      Registration Statement, and shall submit to the Commission, within two (2)
      Business Days after the Company learns that no review of such Registration
      Statement will be made by the staff of the Commission or that the staff of
      the
      Commission has no further comments on such Registration Statement, as the case
      may be, a request for acceleration of the effectiveness of such Registration
      Statement to a time and date not later than two (2) Business Days after the
      submission of such request. The Company will maintain the effectiveness of
      each
      Registration Statement filed pursuant to this Agreement until the earliest
      to
      occur of (i) the date on which all of the Registrable Securities eligible for
      resale thereunder have been publicly sold pursuant to either the Registration
      Statement or Rule 144 under the Securities Act (“Rule
      144”),
      (ii)
      the date on which all of the Registrable Securities remaining to be sold under
      such Registration Statement (in the reasonable opinion of counsel to the
      Company) may be immediately sold to the public under Rule 144(k) under the
      Securities Act (“Rule
      144(k)”)
      or any
      successor provision and (iii) the date that is the second (2nd) anniversary
      of
      the Effective Date (the period beginning on the Closing Date and ending on
      the
      earliest to occur of (i), (ii) or (iii) above being referred to herein as the
      “Registration
      Period”).

     

    
      
         

      

      
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    (c) Registration
      Default.
      If (i)
      the Registration Statement is not filed on or before the Filing Deadline or
      declared effective by the Commission on or before the Registration Deadline,
      (ii) after a Registration Statement has been declared effective by the
      Commission, sales of Registrable Securities (other than such Registrable
      Securities as are then freely saleable pursuant to Rule 144(k)) cannot be made
      by a Holder under a Registration Statement for any reason not within the
      exclusive control of such Holder, or (iii) an amendment or supplement to a
      Registration Statement, or a new registration statement, required to be filed
      pursuant to the terms of Section
      3(j)
      below,
      is not filed on or before the date required by such section (each of the
      foregoing clauses (i), (ii) and (iii) being referred to herein as a
“Registration
      Default”),
      the
      Company shall make cash payments to each Holder equal to such Holder’s pro rata
      share (based on the aggregate number of Registrable Securities then held by
      or
      issuable to such Holder as of the occurrence of the Registration Deadline)
      equal
      to two percent (2%) of the aggregate Purchase Price paid by such Holder for
      such
      Holder’s Note and Warrants for each thirty (30) day period (pro rated for
      partial periods) in which a Registration Default exists. Notwithstanding any
      provision of this Agreement to the contrary, the Company shall be permitted
      to
      suspend the Registration Statement for one or more periods (provided that the
      aggregate length of such suspension shall not exceed ten (10) consecutive
      Business Days or an aggregate of twenty (20) Business Days in any 365 day
      period, with at least thirty (30) calendar days between each such suspension)
      the actions required under Section
      2(a)
      of this
      Agreement to the extent that the Board of Directors of the Company concludes
      reasonably and in good faith that the disclosure of information in the
      prospectus is not in the best interest of the Company. Each such payment
      required to be made under this Section
      2(c)
      shall be
      made within five (5) Business Days following the last day of each calendar
      month
      in which a Registration Default exists. Any such payment made following such
      five (5) Business Day window shall be subject to interest at the lower of ten
      percent (10%) and the maximum rate permitted by applicable law. Any such payment
      shall be in addition to any other remedies available to each Holder at law
      or in
      equity, whether pursuant to the terms hereof, the Securities Purchase Agreement,
      the Notes, or otherwise.

     

    (d) Allocation
      of Conversion Shares and Warrant Shares.
      The
      initial number of Conversion Shares and Warrant Shares included in any
      Registration Statement and each increase in the number thereof included therein
      shall be allocated pro
      rata
      among
      the Holders based on the aggregate number of Registrable Securities issuable
      to
      each Holder at the time the Registration Statement covering such initial number
      of Registrable Securities or increase thereof is declared effective by the
      Commission (such number to be determined using the Conversion Price or Exercise
      Price, as applicable, in effect at such time and without regard to any
      restriction on the ability of a Holder to convert such Holder’s Note or exercise
      such Holder’s Warrant as of such date). In the event that a Holder sells or
      otherwise transfers any of such Holder’s Registrable Securities, each transferee
      shall be allocated the portion of the then remaining number of Registrable
      Securities included in such Registration Statement allocable to the
      transferor.

     

    
      
         

      

      
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    (e) Additional
      Registration Statements.
      The
      Purchasers acknowledge that the Commission has recently given enhanced scrutiny
      to registration statements attempting to register the resale of shares and
      warrant shares obtained by purchasers in private placements and that such
      Commission reviews have resulted in registrants being denied the use of Rule
      415(a)(1)(i) under the Securities Act. Accordingly, notwithstanding anything
      herein to the contrary, the Purchasers agree that (i) the Company shall not
      be
      obligated to pay any amount of liquidated damages under Section
      2(c)
      in the
      event the Registration Statement is not declared effective on or prior to the
      Registration Deadline solely as a result of or in connection with a
      determination by the Commission that either the Company or the Purchasers are
      ineligible to rely on Rule 415(a)(1)(i) under the Securities Act with respect
      to
      the registration of any of the Registrable Securities for resale by the
      Purchasers on a continuous or delayed basis; provided, that the Company shall
      thereafter use its commercially reasonable efforts to find alternative methods
      to register the Registrable Securities with the Commission for resale; and
      (ii)
      in the event the Company, after conducting a pre-filing conference with the
      Commission, if possible, reasonably determines that it is unable to, or it
      is
      inadvisable for the Company to attempt to, register all of the Registrable
      Securities in a single Registration Statement, the Company may elect to fulfill
      the registration requirements of this Section
      2
      by
      registering the Registrable Securities in two or more Registration Statements,
      provided that the Company shall use its best efforts to file each subsequent
      Registration Statement no later than the later of (A) 60 days following the
      date
      on which the last of the Registrable Securities registered under the preceding
      Registration Statement were sold or (B) six (6) months following the date on
      which the preceding Registration Statement was declared effective.

     

    (f) Registration
      of Other Securities.
      During
      the period beginning on the date hereof and ending on the Effective Date, the
      Company shall refrain from filing any registration statement (other than (i)
      a
      Registration Statement filed hereunder, (ii) a registration statement on Form
      S-8 with respect to stock option plans and agreements and stock plans currently
      in effect and disclosed in the Securities Purchase Agreement or the schedules
      thereto, or (iii) a registration statement on Form S-4 with respect to an
      acquisition or other business combination involving the Company).

     

    3. OBLIGATIONS
      OF THE COMPANY.

     

    In
      addition to performing its obligations hereunder, including without limitation
      those pursuant to Section
      2
      above,
      the Company shall, with respect to each Registration Statement:

     

    (a) prepare
      and file with the Commission such amendments and supplements to such
      Registration Statement and the prospectus used in connection with such
      Registration Statement as may be necessary to comply with the provisions of
      the
      Securities Act or to maintain the effectiveness of such Registration Statement
      during the Registration Period, or as may be reasonably requested by a Holder
      in
      order to incorporate information concerning such Holder or such Holder’s
      intended method of distribution and further incorporating such additional
      information as may be reasonably requested by such Holder;

     

    
      
         

      

      
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    (b) at
      such
      time following the Closing that the Company is eligible to do so, use
      commercially reasonable efforts to secure the listing on the Principal Market
      of
      all Registrable Securities issuable upon conversion of the Notes and exercise
      of
      the Warrants, and at any Holder’s request, provide such Holder with reasonable
      evidence thereof;

     

    (c) so
      long
      as a Registration Statement is effective covering the resale of the applicable
      Registrable Securities owned by a Holder, furnish to each Holder such number
      of
      copies of the prospectus included in such Registration Statement, including
      a
      preliminary prospectus, in conformity with the requirements of the Securities
      Act, and such other documents as such Holder may reasonably request in order
      to
      facilitate the disposition of such Holder’s Registrable Securities;

     

    (d) use
      commercially reasonable efforts to register or qualify the Registrable
      Securities under the securities or “blue sky” laws of such jurisdictions within
      the United States as shall be reasonably requested from time to time by a
      Holder, and do any and all other acts or things which may reasonably be
      necessary or advisable to enable such Holder to consummate the public sale
      or
      other disposition of the Registrable Securities in such jurisdictions;
provided
      that the
      Company shall not be required in connection therewith or as a condition thereto
      to qualify to do business or to file a general consent to service of process
      in
      any such jurisdiction;

     

    (e) notify
      each Holder immediately after becoming aware of the occurrence of (i) any
      request by the Commission or any other federal/state governmental authority
      during the period of effectiveness of the Registration Statement for amendments
      or supplements to a Registration Statement or related prospectus or for
      additional information or (ii) any other event (but shall not, without the
      prior
      written consent of such Holder, disclose to such Holder any facts or
      circumstances constituting material non-public information) as a result of
      which
      the prospectus included in such Registration Statement, as then in effect,
      contains an untrue statement of material fact or omits to state a material
      fact
      required to be stated therein or necessary to make the statements therein,
      in
      light of the circumstances under which they were made, not misleading, and
      as
      promptly as practicable prepare and file with the Commission and furnish to
      each
      Holder a reasonable number of copies of a supplement or an amendment to such
      prospectus as may be necessary so that such prospectus does not contain an
      untrue statement of material fact or omit to state a material fact required
      to
      be stated therein or necessary to make the statements therein not misleading
      in
      light of the circumstances then existing. The parties hereto acknowledge that
      the Company shall be permitted to suspend the Registration Statement for one
      or
      more periods (provided that the aggregate length of such suspension shall not
      exceed ten (10) consecutive Business Days or an aggregate of twenty (20)
      Business Days in any 365 day period, with at least thirty (30) calendar days
      between each such suspension) the actions required under Section
      2(a)
      of this
      Agreement to the extent that the Board of Directors of the Company concludes
      reasonably and in good faith that the disclosure of information in the
      prospectus is not in the best interest of the Company;

     

    
      
         

      

      
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    (f) use
      commercially reasonable efforts to prevent the issuance of any stop order or
      other order suspending the effectiveness of such Registration Statement and,
      if
      such an order is issued, to notify each Holder immediately after becoming aware
      thereof and to use commercially reasonable efforts obtain the withdrawal thereof
      at the earliest possible time and to notify each Holder in writing of the
      issuance of such order and the resolution thereof. The parties hereto
      acknowledge that the Company shall be permitted to suspend the Registration
      Statement for one or more periods (provided that the aggregate length of such
      suspension shall not exceed ten (10) consecutive Business Days or an aggregate
      of twenty (20) Business Days in any 365 day period, with at least thirty (30)
      calendar days between each such suspension) the actions required under
Section
      2(a)
      of this
      Agreement to the extent that the Board of Directors of the Company concludes
      reasonably and in good faith that the disclosure of information in the
      prospectus is not in the best interest of the Company;

     

    (g) furnish
      to each Holder, on the date that such Registration Statement, or any successor
      registration statement, becomes effective, a letter, dated such date, signed
      by
      an officer of or counsel to the Company and addressed to such Holder, confirming
      such effectiveness and, to the knowledge of such counsel, the absence of any
      stop order;

     

    (h) provide
      to each Holder and its representatives the reasonable opportunity to conduct
      a
      reasonable inquiry of the Company’s financial and other records during normal
      business hours and make available during normal business hours and with
      reasonable advance notice its officers, directors and employees for questions
      regarding information which such Holder may reasonably request in order to
      fulfill any due diligence obligation on its part;

     

    (i) permit
      counsel for each Holder to review such Registration Statement and all amendments
      and supplements thereto, and any comments made by the staff of the Commission
      concerning such Holder and/or the transactions contemplated by the Transaction
      Documents and the Company’s responses thereto, within a reasonable period of
      time prior to the filing thereof with the Commission (or, in the case of
      comments made by the staff of the Commission, within a reasonable period of
      time
      following the receipt thereof by the Company);

     

    (j) in
      the
      event that, at any time, the number of shares available under the Registration
      Statement is insufficient to cover one hundred and twenty-five percent (125%)
      of
      the Registrable Securities issuable under the Notes and Warrants (such number
      to
      be determined using the Conversion Price or Exercise Price, as applicable,
      in
      effect at such time and without regard to any restriction on the ability of
      any
      Holder to convert such Holder’s Note or exercise such Holder’s Warrant) the
      Company shall promptly amend such Registration Statement or file a new
      registration statement, in any event as soon as practicable, but not later
      than
      the tenth (10th)
      day
      following notice from a Holder of the occurrence of such event, so that such
      Registration Statement or such new registration statement, or both, covers
      no
      less than one hundred and fifty percent (150%) of the Registrable Securities
      eligible for resale thereunder and issuable under the Notes and Warrants (such
      number to be determined using the Conversion Price or Exercise Price, as
      applicable, in effect at the time of such amendment or filing and without regard
      to any restriction on the ability of any Holder to convert such Holder’s Note or
      exercise such Holder’s Warrant). The Company shall use its best efforts to cause
      such amendment and/or new Registration Statement to become effective as soon
      as
      practicable following the filing thereof. Any Registration Statement filed
      pursuant to this Section
      3(j)
      shall
      state that, to the extent permitted by Rule 416, such Registration Statement
      also covers such indeterminate number of additional shares of Common Stock
      as
      may become issuable upon conversion of the Note and exercise of the Warrants
      in
      order to prevent dilution resulting from stock splits, stock dividends or
      similar events. Unless and until such amendment or new Registration Statement
      becomes effective, each Holder shall have the rights described in Section
      2(d)
      above;

     

    
      
         

      

      
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    (k) cause
      to
      be furnished to each Holder, upon request therefore, comfort letters from the
      Company’s independent auditors and/or outside counsel, with respect to such
      Holder’s status as an underwriter; and

     

    (l) cause
      to
      be timely furnished to each Holder, earnings statements of the Company
      conforming to the requirements of Rule 158 under the Securities
      Act.

     

    4. OBLIGATIONS
      OF EACH HOLDER.

     

    In
      connection with the registration of Registrable Securities pursuant to a
      Registration Statement, each Holder shall:

     

    (a) timely
      furnish to the Company (i) a completed Selling Shareholder Questionnaire
      attached hereto as Exhibit
      B
      and (ii)
      such information in writing regarding itself and the intended method of
      disposition of such Registrable Securities as the Company shall reasonably
      request in order to effect the registration thereof;

     

    (b) upon
      receipt of any notice from the Company of the happening of any event of the
      kind
      described in Sections
      3(e)
      or
3(f),
      immediately discontinue any sale or other disposition of such Registrable
      Securities pursuant to such Registration Statement until the filing of an
      amendment or supplement as described in Section
      3(e)
      or
      withdrawal of the stop order referred to in Section
      3(f),
      and use
      commercially reasonable efforts to maintain the confidentiality of such notice
      and its contents;

     

    (c) to
      the
      extent required by applicable law, deliver a prospectus to the purchaser of
      such
      Registrable Securities;

     

    (d) notify
      the Company when it has sold all of the Registrable Securities held by it;
      and

     

    (e) notify
      the Company in the event that any information supplied by such Holder in writing
      for inclusion in such Registration Statement or related prospectus is untrue
      or
      omits to state a material fact required to be stated therein or necessary to
      make such information not misleading in light of the circumstances then
      existing; immediately discontinue any sale or other disposition of such
      Registrable Securities pursuant to such Registration Statement until the filing
      of an amendment or supplement to such prospectus as may be necessary so that
      such prospectus does not contain an untrue statement of material fact or omit
      to
      state a material fact required to be stated therein or necessary to make the
      statements therein not misleading in light of the circumstances then existing;
      and use commercially reasonable efforts to assist the Company as may be
      appropriate to make such amendment or supplement effective for such
      purpose.

     

    
      
         

      

      
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    5. INDEMNIFICATION.

     

    In
      the
      event that any Registrable Securities are included in a Registration Statement
      under this Agreement:

     

    (a) To
      the
      fullest extent permitted by law, the Company will, and hereby does, indemnify,
      hold harmless and defend each Holder, the directors, officers, members,
      partners, employees, agents, representatives of, and each Person, if any, who
      controls any Holder within the meaning of the Securities Act or the Securities
      Exchange Act of 1934, as amended (the "Exchange
      Act")
      (each,
      an “Indemnified
      Person”),
      against any losses, claims, damages, liabilities, judgments, fines, penalties,
      charges, costs, reasonable attorneys’ fees, amounts paid in settlement or
      expenses, joint or several, (collectively, “Claims”)
      incurred in investigating, preparing or defending any action, claim, suit,
      inquiry, proceeding, investigation or appeal taken from the foregoing by or
      before any court or governmental, administrative or other regulatory agency,
      body or the Commission, whether pending or threatened, whether or not an
      indemnified party is or may be a party thereto (“Indemnified
      Damages”),
      to
      which any of them may become subject insofar as such Claims (or actions or
      proceedings, whether commenced or threatened, in respect thereof) arise out
      of
      or are based upon: (i) any untrue statement or alleged untrue statement of
      a
      material fact in a Registration Statement or any post-effective amendment
      thereto or in any filing made in connection with the qualification of the
      offering under the securities or other “blue sky” laws of any jurisdiction in
      which Registrable Securities are offered (“Blue
      Sky Filing”),
      or
      the omission or alleged omission to state a material fact required to be stated
      therein or necessary to make the statements therein not misleading, (ii) any
      untrue statement or alleged untrue statement of a material fact contained in
      any
      preliminary prospectus if used prior to the effective date of such Registration
      Statement, or contained in the final prospectus (as amended or supplemented,
      if
      the Company files any amendment thereof or supplement thereto with the
      Commission) or the omission or alleged omission to state therein any material
      fact necessary to make the statements made therein, in the light of the
      circumstances under which the statements therein were made, not misleading,
      (iii) any violation or alleged violation by the Company of the Securities Act,
      the Exchange Act, any other law, including, without limitation, any state
      securities law, or any rule or regulation thereunder relating to the offer
      or
      sale of the Registrable Securities pursuant to a Registration Statement or
      (iv)
      any violation of this Agreement (the matters in the foregoing clauses (i)
      through (iv) being, collectively, “Violations").
      Subject to Section
      5(c),
      the
      Company shall reimburse the Indemnified Persons, promptly as such expenses
      are
      incurred and are due and payable, for any legal fees or other reasonable
      expenses incurred by them in connection with investigating or defending any
      such
      Claim. Notwithstanding anything to the contrary contained herein, the
      indemnification agreement contained in this Section
      5(a):
      (i)
      shall not apply to a Claim by an Indemnified Person arising out of or based
      upon
      a Violation which occurs in reliance upon and in conformity with information
      furnished in writing to the Company by such Indemnified Person for such
      Indemnified Person expressly for use in connection with the preparation of
      the
      Registration Statement or any such amendment thereof or supplement thereto,
      if
      such prospectus was timely made available by the Company pursuant to
Section
      3(c)
      and (ii)
      shall not be available to the extent such Claim is based on a failure of the
      Holder to deliver or to cause to be delivered the prospectus made available
      by
      the Company, including a corrected prospectus, if such prospectus or corrected
      prospectus was timely made available by the Company pursuant to Section
      3(c);
      and
      (iii) shall not apply to amounts paid in settlement of any Claim if such
      settlement is effected without the prior written consent of the Company, which
      consent shall not be unreasonably withheld or delayed. Such indemnity shall
      remain in full force and effect regardless of any investigation made by or
      on
      behalf of the Indemnified Person and shall survive the transfer of the
      Registrable Securities by the Holders pursuant to Section
      7(d).
      

     

    
      
         

      

      
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    (b) In
      connection with any Registration Statement in which a Holder is participating,
      each such Holder agrees to severally and not jointly indemnify, hold harmless
      and defend, to the same extent and in the same manner as is set forth in
Section
      5(a),
      the
      Company, each of its directors, each of its officers who signs the Registration
      Statement and each Person, if any, who controls the Company within the meaning
      of the Securities Act or the Exchange Act (each, an “Indemnified
      Party"),
      against any Claim or Indemnified Damages to which any of them may become
      subject, under the Securities Act, the Exchange Act or otherwise, insofar as
      such Claim or Indemnified Damages arise out of or are based upon any Violation,
      in each case to the extent, and only to the extent, that such Violation occurs
      in reliance upon and in conformity with written information furnished to the
      Company by such Holder expressly for use in connection with such Registration
      Statement; and, subject to Section
      5(c),
      such
      Holder will reimburse any legal or other expenses reasonably incurred by an
      Indemnified Party in connection with investigating or defending any such Claim;
      provided, however, that the indemnity agreement contained in this Section
      5(b)
      shall
      not apply to amounts paid in settlement of any Claim if such settlement is
      effected without the prior written consent of such Holder, which consent shall
      not be unreasonably withheld or delayed; provided, further, however, that the
      Holder shall be liable under this Section
      5(b)
      for only
      that amount of a Claim or Indemnified Damages as does not exceed the net
      proceeds to such Holder as a result of the sale of Registrable Securities
      pursuant to such Registration Statement. Such indemnity shall remain in full
      force and effect regardless of any investigation made by or on behalf of such
      Indemnified Party and shall survive the transfer of the Registrable Securities
      by the Holders pursuant to Section
      7(d).
      

     

    (c) Promptly
      after receipt by an Indemnified Person or Indemnified Party under this
Section
      5
      of
      notice of the commencement of any action or proceeding (including any
      governmental action or proceeding) involving a Claim, such Indemnified Person
      or
      Indemnified Party shall, if a Claim in respect thereof is to be made against
      any
      indemnifying party under this Section
      5,
      deliver
      to the indemnifying party a written notice of the commencement thereof, and
      the
      indemnifying party shall have the right to participate in, and, to the extent
      the indemnifying party so desires, jointly with any other indemnifying party
      similarly noticed, to assume control of the defense thereof with counsel
      mutually satisfactory to the indemnifying party and the Indemnified Person
      or
      the Indemnified Party, as the case may be; provided, however, that an
      Indemnified Person or Indemnified Party shall have the right to retain its
      own
      counsel with the fees and expenses of not more than one counsel for such
      Indemnified Person or Indemnified Party to be paid by the indemnifying party,
      if, in the reasonable opinion of counsel retained by the indemnifying party,
      the
      representation by such counsel of the Indemnified Person or Indemnified Party
      and the indemnifying party would be inappropriate due to actual or potential
      differing interests between such Indemnified Person or Indemnified Party and
      any
      other party represented by such counsel in such proceeding. In the case of
      an
      Indemnified Person, legal counsel referred to in the immediately preceding
      sentence shall be selected by the Holders holding at least a majority in
      interest of the Registrable Securities included in the Registration Statement
      to
      which the Claim relates. The Indemnified Party or Indemnified Person shall
      cooperate fully with the indemnifying party in connection with any negotiation
      or defense of any such action or Claim by the indemnifying party and shall
      furnish to the indemnifying party all information reasonably available to the
      Indemnified Party or Indemnified Person which relates to such action or Claim.
      The indemnifying party shall keep the Indemnified Party or Indemnified Person
      reasonably apprised at all times as to the status of the defense or any
      settlement negotiations with respect thereto. No indemnifying party shall be
      liable for any settlement of any action, claim or proceeding effected without
      its prior written consent, provided, however, that the indemnifying party shall
      not unreasonably withhold, delay or condition its consent. No indemnifying
      party
      shall, without the prior written consent of the Indemnified Party or Indemnified
      Person, consent to entry of any judgment or enter into any settlement or other
      compromise which does not include as an unconditional term thereof the giving
      by
      the claimant or plaintiff to such Indemnified Party or Indemnified Person of
      a
      release from all liability in respect to such Claim or litigation, and such
      settlement shall not include any admission as to fault on the part of the
      Indemnified Party. Following indemnification as provided for hereunder, the
      indemnifying party shall be subrogated to all rights of the Indemnified Party
      or
      Indemnified Person with respect to all third parties, firms or corporations
      relating to the matter for which indemnification has been made. The failure
      to
      deliver written notice to the indemnifying party within a reasonable time of
      the
      commencement of any such action shall not relieve such indemnifying party of
      any
      liability to the Indemnified Person or Indemnified Party under this Section
      5,
      except
      to the extent that the indemnifying party is prejudiced in its ability to defend
      such action. 

     

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

     

    (d) The
      indemnification required by this Section
      5
      shall be
      made by periodic payments of the amount thereof during the course of the
      investigation or defense, as and when bills are received or Indemnified Damages
      are incurred. 

     

    (e) The
      indemnity agreements contained herein shall be in addition to (i) any cause
      of
      action or similar right of the Indemnified Party or Indemnified Person against
      the indemnifying party or others, and (ii) any liabilities the indemnifying
      party may be subject to pursuant to the law. 

     

    6. REPORTS.

     

    With
      a
      view to making available to each Holder the benefits of Rule 144 and any other
      similar rule or regulation of the Commission that may at any time permit such
      Holder to sell securities of the Company to the public without registration,
      the
      Company agrees to:

     

    (a) make
      and
      keep public information available, as those terms are understood and defined
      in
      Rule 144;

     

    (b) file
      with
      the Commission in a timely manner all reports and other documents required
      of
      the Company under the Exchange Act; and

     

    (c) furnish
      to such Holder, so long as such Holder owns any Registrable Securities, promptly
      upon written request (i) a written statement by the Company, if true, that
      it
      has complied with the reporting requirements of Rule 144 and the Exchange Act,
      (ii) a copy of the most recent annual or quarterly report of the Company and
      such other reports and documents so filed by the Company with the Commission,
      and (iii) such other information as may be reasonably requested by such Holder
      in connection with such Holder’s compliance with any rule or regulation of the
      Commission which permits the selling of any such securities without
      registration.

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

     

    7. MISCELLANEOUS.

     

    (a) Expenses
      of Registration; Additional Covenants of the Company.
      Except
      as otherwise provided in the Securities Purchase Agreement, all reasonable
      expenses, other than underwriting discounts and commissions and fees and
      expenses of counsel and other advisors to each Holder, incurred in connection
      with the registrations, filings or qualifications described herein, including
      (without limitation) all registration, filing and qualification fees, printers’
and accounting fees, the fees and disbursements of counsel for the Company,
      and
      the fees and disbursements incurred in connection with the opinion and letter
      described in Section
      3(g)
      hereof,
      shall be borne by the Company. Except as otherwise agreed to by such Holder,
      the
      Company shall maintain in strict confidence, all information with respect to
      such Holder.

     

    (b) Amendment;
      Waiver.
      Except
      as expressly provided herein, neither this Agreement nor any term hereof may
      be
      amended or waived except pursuant to a written instrument executed by the
      Company and the Holders of at least two-thirds (2/3) of the Registrable
      Securities into which all of the Note and Warrants then outstanding are
      convertible or exercisable (without regard to any limitation on such conversion
      or exercise). Any amendment or waiver effected in accordance with this
Section
      7(b)
      shall be
      binding upon each Holder, each future Holder and the Company. The failure of
      any
      party to exercise any right or remedy under this Agreement or otherwise, or
      the
      delay by any party in exercising such right or remedy, shall not operate as
      a
      waiver thereof.

     

    (c) Notices.
      Any
      notices, consents, waivers or other communications required or permitted to
      be
      given under the terms of this Agreement must be in writing and will be deemed
      to
      have been delivered: (i) upon receipt, when delivered personally; (ii) upon
      receipt, when sent by facsimile (provided confirmation of transmission is
      mechanically or electronically generated and kept on file by the sending party);
      or (iii) one Business Day after deposit with an overnight courier service,
      in
      each case properly addressed to the party to receive the same. The addresses
      and
      facsimile numbers for such communications shall be:

     

    if
      to the
      Company:

     

    VeruTEK
      Technologies, Inc.

    628
      Hebron Avenue

    Building
      2, Suite 505

    Glastonbury,
      CT 06033

    Telephone: (860)
      790-0920

    Facsimile: (860)
      633-6501

    Attention: John
      Collins, Ph.D.

     

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

    

     

    with
      a
      copy (for informational purposes only) to:

     

    Sichenzia
      Ross Friedman Ference LLP

    61
      Broadway, 32nd
      Floor

    New
      York,
      NY 10006

    Telephone: (212)
      930-9700

    Facsimile: (212)
      930-9725

    Attention: Stephen
      M. Fleming

     

    with
      a
      copy (for informational purposes only) to:

     

    Milam
      Howard Nicandri Dees & Gillam, P.A.

    14
      East
      Bay Street

    New
      York,
      NY 10006

    Telephone: (212)
      930-9700

    Facsimile: (212)
      930-9725

    Attention: Stephen
      M. Fleming

     

    and
      if to
      the Holder, to the address and facsimile number as to which the Holder has
      notified the Company in writing.

     

    Written
      confirmation of receipt (A) given by the recipient of such notice, consent,
      waiver or other communication, (B) mechanically or electronically generated
      by
      the sender’s facsimile machine containing the time, date, recipient facsimile
      number and an image of the first page of such transmission or (C) provided
      by an
      overnight courier service shall be rebuttable evidence of personal service,
      receipt by facsimile or receipt from an overnight courier service in accordance
      with clause (i), (ii) or (iii) above, respectively.

     

    (d) Assignment.
      Upon
      the transfer of any Note, Warrant or Registrable Securities by a Holder, the
      rights of such Holder hereunder with respect to such securities so transferred
      shall be assigned automatically to the transferee thereof, and such transferee
      shall thereupon be deemed to be a “Holder” for purposes of this Agreement, as
      long as: (i) the Company is, within a reasonable period of time following such
      transfer, furnished with written notice of the name and address of such
      transferee, (ii) the transferee agrees in writing with the Company to be bound
      by all of the provisions hereof, and (iii) such transfer is made in accordance
      with the applicable requirements of the Securities Purchase Agreement, the
      Notes
      or the Warrants, as applicable.

     

    (e) Counterparts.
      This
      Agreement may be executed in counterparts, each of which shall be deemed an
      original, and all of which together shall be deemed one and the same instrument.
      This Agreement, once executed by a party, may be delivered to any other party
      hereto by facsimile transmission.

     

    (f) Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York applicable to contracts made and to be performed entirely
      within the State of New York.

     

    
      
         

      

      
        -12-

        
          

        

      

      
         

      

    

     

    (g) Holder
      of Record.
      A
      person is deemed to be a Holder whenever such person owns or is deemed to own
      of
      record such Registrable Securities. If the Company receives conflicting
      instructions, notices or elections from two or more persons with respect to
      the
      same Registrable Securities, the Company shall act upon the basis of
      instructions, notice or election received from the record owner of such
      Registrable Securities.

     

    (h) Entire
      Agreement.
      This
      Agreement and the other Transaction Documents constitute the entire agreement
      among the parties hereto with respect to the subject matter hereof and thereof.
      There are no restrictions, promises, warranties or undertakings, other than
      those set forth or referred to herein and therein. This Agreement and the other
      Transaction Documents supersede all prior agreements and understandings among
      the parties hereto with respect to the subject matter hereof and
      thereof.

     

    (i) Headings.
      The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning hereof.

     

    (j) Third
      Party Beneficiaries.
      This
      Agreement is intended for the benefit of the parties hereto and their respective
      permitted successors and assigns, and is not for the benefit of, nor may any
      provision hereof be enforced by, any other person.

     

    [Signature
      Pages to Follow]

     

    
      
         

      

      
        -13-

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the undersigned has executed this Agreement as of the date
      first-above written.

    
      	 	 	 
	 	
              COMPANY:

               

              VERUTEK
                TECHNOLOGIES, INC.

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Name:
	 	Title:

    

    

    

    

    
      
         

      

      
        -14-

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the undersigned has executed this Agreement as of the date
      first-above written.

    
      	 	 	 
	 	PURCHASER:
	 	 
	 	Name of Purchaser:
	 	 
	 	
              

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Name:
	 	Title:

    

    

    

    
      
         

      

      
        -15-

        
          

        

      

      
         

      

    

    EXHIBIT
      A

     

    PLAN
      OF DISTRIBUTION

     

    We
      are
      registering the shares of common stock issuable upon conversion of the
      convertible notes and upon exercise of the warrants to permit the resale of
      these shares of common stock by the holders of the convertible notes and
      warrants from time to time after the date of this prospectus. We will not
      receive any of the proceeds from the sale by the selling stockholders of the
      shares of common stock. We will bear all fees and expenses incident to our
      obligation to register the shares of common stock.

    

    The
      selling stockholders may sell all or a portion of the shares of common stock
      beneficially owned by them and offered hereby from time to time directly or
      through one or more underwriters, broker-dealers or agents. If the shares of
      common stock are sold through underwriters or broker-dealers, the selling
      stockholders will be responsible for underwriting discounts or commissions
      or
      agent's commissions. The shares of common stock may be sold in one or more
      transactions at fixed prices, at prevailing market prices at the time of the
      sale, at varying prices determined at the time of sale, or at negotiated prices.
      These sales may be effected in transactions, which may involve crosses or block
      transactions,

    

    
      	
            	·	
              on
                any national securities exchange or quotation service on which the
                securities may be listed or quoted at the time of
                sale;

            

    

     

    
      	
            	·	
              in
                the over-the-counter market;

            

    

     

    
      	
            	·	
              in
                transactions otherwise than on these exchanges or systems or in the
                over-the-counter market;

            

    

     

    
      	
            	·	
              through
                the writing of options, whether such options are listed on an options
                exchange or otherwise;

            

    

     

    
      	
            	·	
              ordinary
                brokerage transactions and transactions in which the broker-dealer
                solicits purchasers;

            

    

     

    
      	
            	·	
              block
                trades in which the broker-dealer will attempt to sell the shares
                as agent
                but may position and resell a portion of the block as principal to
                facilitate the transaction;

            

    

     

    
      	
            	·	
              purchases
                by a broker-dealer as principal and resale by the broker-dealer for
                its
                account;

            

    

     

    
      	
            	·	
              an
                exchange distribution in accordance with the rules of the applicable
                exchange;

            

    

     

    
      	
            	·	
              privately
                negotiated transactions;

            

    

     

    
      	
            	·	
              short
                sales;

            

    

     

    
      	
            	·	
              sales
                pursuant to Rule 144;

            

    

     

    
      	
            	·	
              broker-dealers
                may agree with the selling securityholders to sell a specified number
                of
                such shares at a stipulated price per
                share;

            

    

     

    
      	
            	·	
              a
                combination of any such methods of sale;
                and

            

    

     

    
      	
            	·	
              any
                other method permitted pursuant to applicable
                law.

            

    

     

    If
      the
      selling stockholders effect such transactions by selling shares of common stock
      to or through underwriters, broker-dealers or agents, such underwriters,
      broker-dealers or agents may receive commissions in the form of discounts,
      concessions or commissions from the selling stockholders or commissions from
      purchasers of the shares of common stock for whom they may act as agent or
      to
      whom they may sell as principal (which discounts, concessions or commissions
      as
      to particular underwriters, broker-dealers or agents may be in excess of those
      customary in the types of transactions involved). In connection with sales
      of
      the shares of common stock or otherwise, the selling stockholders may enter
      into
      hedging transactions with broker-dealers, which may in turn engage in short
      sales of the shares of common stock in the course of hedging in positions they
      assume. The selling stockholders may also sell shares of common stock short
      and
      deliver shares of common stock covered by this prospectus to close out short
      positions and to return borrowed shares in connection with such short sales.
      The
      selling stockholders may also loan or pledge shares of common stock to
      broker-dealers that in turn may sell such shares.

     

    
      
         

      

      
        -16-

        
          

        

      

      
         

      

    

    

    The
      selling stockholders may pledge or grant a security interest in some or all
      of
      the shares of common stock, convertible notes or warrants and, if they default
      in the performance of their secured obligations, the pledgees or secured parties
      may offer and sell the shares of common stock from time to time pursuant to
      this
      prospectus or any amendment to this prospectus under Rule 424(b)(3) or other
      applicable provision of the Securities Act, amending, if necessary, the list
      of
      selling stockholders to include the pledgee, transferee or other successors
      in
      interest as selling stockholders under this prospectus. The selling stockholders
      also may transfer and donate the shares of common stock in other circumstances
      in which case the transferees, donees, pledgees or other successors in interest
      will be the selling beneficial owners for purposes of this
      prospectus.

    

    The
      selling stockholders and any broker-dealer participating in the distribution
      of
      the shares of common stock may be deemed to be "underwriters" within the meaning
      of the Securities Act, and any commission paid, or any discounts or concessions
      allowed to, any such broker-dealer may be deemed to be underwriting commissions
      or discounts under the Securities Act. At the time a particular offering of
      the
      shares of common stock is made, a prospectus supplement, if required, will
      be
      distributed which will set forth the aggregate amount of shares of common stock
      being offered and the terms of the offering, including the name or names of
      any
      broker-dealers or agents, any discounts, commissions and other terms
      constituting compensation from the selling stockholders and any discounts,
      commissions or concessions allowed or reallowed or paid to
      broker-dealers.

     

    Under
      the
      securities laws of some states, the shares of common stock may be sold in such
      states only through registered or licensed brokers or dealers. In addition,
      in
      some states the shares of common stock may not be sold unless such shares have
      been registered or qualified for sale in such state or an exemption from
      registration or qualification is available and is complied with.

    

    There
      can
      be no assurance that any selling stockholder will sell any or all of the shares
      of common stock registered pursuant to the registration statement, of which
      this
      prospectus forms a part.

    

    The
      selling stockholders and any other person participating in such distribution
      will be subject to applicable provisions of the Exchange Act, and the rules
      and
      regulations thereunder, including, without limitation, Regulation M of the
      Exchange Act, which may limit the timing of purchases and sales of any of the
      shares of common stock by the selling stockholders and any other participating
      person. Regulation M may also restrict the ability of any person engaged in
      the
      distribution of the shares of common stock to engage in market-making activities
      with respect to the shares of common stock. All of the foregoing may affect
      the
      marketability of the shares of common stock and the ability of any person or
      entity to engage in market-making activities with respect to the shares of
      common stock.

     

    
      
         

      

      
        -17-

        
          

        

      

      
         

      

    

    

    We
      will
      pay all expenses of the registration of the shares of common stock pursuant
      to
      the registration rights agreement, including, without limitation, Securities
      and
      Exchange Commission filing fees and expenses of compliance with state securities
      or "blue sky" laws; provided, however, that a selling stockholder will pay
      all
      underwriting discounts and selling commissions, if any. We will indemnify the
      selling stockholders against liabilities, including some liabilities under
      the
      Securities Act, in accordance with the registration rights agreements, or the
      selling stockholders will be entitled to contribution. We may be indemnified
      by
      the selling stockholders against civil liabilities, including liabilities under
      the Securities Act, that may arise from any written information furnished to
      us
      by the selling stockholder specifically for use in this prospectus, in
      accordance with the related registration rights agreement, or we may be entitled
      to contribution.

    

    Once
      sold
      under the registration statement, of which this prospectus forms a part, the
      shares of common stock will be freely tradable in the hands of persons other
      than our affiliates.

     

    
      
         

      

      
        -18-

        
          

        

      

      
         

      

    

    EXHIBIT
      B

     

    SELLING
      SHAREHOLDER QUESTIONNAIRE

     

    VERUTEK
      TECHNOLOGIES, INC.

     

    The
      undersigned beneficial owner of common stock, $______ par value per share (the
“Common
      Stock”),
      of
      VeruTEK Technologies, Inc. (the “Company”),
      (the
“Registrable
      Securities”)
      understands that the Company has filed or intends to file with the Securities
      and Exchange Commission (the “Commission”)
      a
      registration statement (the “Registration
      Statement”)
      for
      the registration and resale under the Securities Act of 1933, as amended (the
      “Securities
      Act”),
      of
      the Registrable Securities, in accordance with the terms of the Registration
      Rights Agreement, dated as of ____, 2007 (the “Registration
      Rights Agreement”),
      among
      the Company and the Purchasers named therein. The purpose of this Questionnaire
      is to facilitate the filing of the Registration Statement under the Securities
      Act that will permit you to resell the Registrable Securities in the future.
      The
      information supplied by you will be used in preparing the Registration
      Statement. A copy of the Registration Rights Agreement is available from the
      Company upon request as follows: VeruTEK Technologies, Inc., 628 Hebron Avenue,
      Building 2, Suite 505, Glastonbury, CT 06033, Telephone: (860) 790-0920,
      Attention: John Collins, Ph.D.. All capitalized terms not otherwise defined
      herein shall have the meanings ascribed thereto in the Registration Rights
      Agreement.

     

    Certain
      legal consequences arise from being named as a selling shareholder in the
      Registration Statement and the related prospectus. Accordingly, holders and
      beneficial owners of Registrable Securities are advised to consult their own
      securities law counsel regarding the consequences of being named or not being
      named as a selling shareholder in the Registration Statement and the related
      prospectus.

     

    NOTICE

     

    The
      undersigned beneficial owner (the “Selling
      Shareholder”)
      of
      Registrable Securities hereby elects to include the Registrable Securities
      owned
      by it and listed below in Item 3 (unless otherwise specified under such Item
      3)
      in the Registration Statement.

     

    QUESTIONNAIRE

     

    
      	1.	
              Name.

            

    

     

    
      	 	
              (a)

            	
              Full
                Legal Name of Selling Shareholder:

            

      	 	 	 

      	 	 	 

    

     

    
      	 	
              (b)

            	
              Full
                Legal Name of Registered Holder (if not the same as (a) above) through
                which Registrable Securities Listed in Item 3 below are
                held:

            

      	 	 	 

      	 	 	 

    

     

     

    
      
         

      

      
        -19-

        
          

        

      

      
         

      

    

     

     

    
      	 	
              (c)

            	
              Full
                Legal Name of Natural Control Person (which means a natural person
                who
                directly or indirectly alone or with others has power to vote or
                dispose
                of the securities covered by the
                questionnaire):

            

      	 	 	 

      	 	 	 

    

     

    
      	2.	
              Address
                for Notices to Selling
                Shareholder:

            

    

     

    
      	 
	 
	 
	
              Telephone: 

            
	
              
                

              

              Fax: 

            
	
              
                

              

              Contact
                Person: 

            
	
              
                

              

              E-mail
                address of Contact Person: 

            
	
              
                

              

            

    

    

    
      	
              3.
                

            	
              Beneficial
                Ownership of Registrable Securities Issuable Pursuant to the Securities
                Purchase Agreement:

            

    

     

    
      	 	
              (a)

            	
              Type
                and Number of Registrable Securities beneficially owned and issued
                pursuant to the Securities Purchase
                Agreement:

            

      	 	 	 

      	 	 	 

      	 	 	 

      	 	 	 

    

     

    
      	4.	
              Broker-Dealer
                Status:

            

    

     

    
      	 	
              (a)

            	
              Are
                you a broker-dealer?

            

    

     

    Yes
o      No
o

     

    
      	
            	(b)	
              If
                “yes” to Section 4(a), did you receive your Registrable Securities as
                compensation for  investment
                banking services to the Company?

            

    

     

    Yes
o      No
o

     

    
      	
              Note:

            	
              If
                no, the Commission’s staff has indicated that you should be identified as
                an underwriter in the Registration
                Statement.

            

    

     

    
      	 	
              (c)

            	
              Are
                you an affiliate of a
                broker-dealer?

            

    

     

    Yes
o      No
o

     

    
      	 	
              Note:

            	
              If
                yes, provide a narrative explanation
                below:

            

      	 	 	 

      	 	 	 

      	 	 	 

    

     

     

    
      
         

      

      
        -20-

        
          

        

      

      
         

      

    

     

     

    
      	 	
              (c)

            	
              If
                you are an affiliate of a broker-dealer, do you certify that you
                bought
                the Registrable Securities in the ordinary course of business, and
                at the
                time of the purchase of the Registrable Securities to be resold,
                you had
                no agreements or understandings, directly or indirectly, with any
                person
                to distribute the Registrable
                Securities?

            

    

     

    Yes
o      No
o

     

    
      	 	
              Note:

            	
              If
                no, the Commission’s staff has indicated that you should be identified as
                an underwriter in the Registration
                Statement.

            

    

     

    
      	5.	
              Beneficial
                Ownership of Other Securities of the Company Owned by the Selling
                Shareholder.

            

    

     

    Except
      as set forth below in this Item 5, the undersigned is not the beneficial or
      registered owner of any securities of the Company other than the securities
      issuable pursuant to the Securities Purchase Agreement.

     

    
      	 	
              (a)

            	
              Type
                and Amount of other securities beneficially owned by the selling
                shareholder:

            

      	 	 	 

      	 	 	 

    

     

    
      	6.	
              Relationships
                with the Company:

            

    

     

    Except
      as set forth below, neither the undersigned nor any of its affiliates, officers,
      directors or principal equity holders (owners of 5% of more of the equity
      securities of the undersigned) has held any position or office or has had any
      other material relationship with the Company (or its predecessors or affiliates)
      during the past three years.

     

    State
      any
      exceptions here:

    
       

      
        	 	 	 

        	 	 	 

      

       

    

    
      	
              7.

            	
              Plan
                of Distribution:

            

    

     

    The
      undersigned has reviewed the form of Plan of Distribution attached as Exhibit
      A
      to the Registration Rights Agreement, and hereby confirms that, except as set
      forth below, the information contained therein regarding the undersigned and
      its
      plan of distribution is correct and complete.

     

    State
      any
      exceptions here:

    
      
         

        
          	 	 	 

          	 	 	 

        

         

      

    

    ***********

     

    
      
         

      

      
        -21-

        
          

        

      

      
         

      

    

     

    The
      undersigned agrees to promptly notify the Company of any inaccuracies or changes
      in the information provided herein that may occur subsequent to the date hereof
      and prior to the effective date of any applicable Registration Statement filed
      pursuant to the Registration Rights Agreement.

     

    By
      signing below, the undersigned consents to the disclosure of the information
      contained herein in its answers to Items 1 through 7 and the inclusion of such
      information in each Registration Statement filed pursuant to the Registration
      Rights Agreement and each related prospectus. The undersigned understands that
      such information will be relied upon by the Company in connection with the
      preparation or amendment of any such Registration Statement and the related
      prospectus.

     

    By
      signing below, the undersigned acknowledges that it understands its obligation
      to comply, and agrees that it will comply, with the provisions of the Exchange
      Act and the rules and regulations thereunder, particularly Regulation M. The
      undersigned also acknowledges that it understands that the answers to this
      Questionnaire are furnished for use in connection with Registration Statements
      filed pursuant to the Registration Rights Agreement and any amendments or
      supplements thereto filed with the Commission pursuant to the Securities
      Act.

     

    The
      undersigned hereby acknowledges and is advised of the following Interpretation
      A.65 of the July 1997 SEC Manual of Publicly Available Telephone Interpretations
      regarding short selling:

     

    “An
      Issuer filed a Form S-3 registration statement for a secondary offering of
      common stock which is not yet effective. One of the selling shareholders wanted
      to do a short sale of common stock “against the box” and cover the short sale
      with registered shares after the effective date. The issuer was advised that
      the
      short sale could not be made before the registration statement become effective,
      because the shares underlying the short sale are deemed to be sold at the time
      such sale is made. There would, therefore, be a violation of Section 5 if the
      shares were effectively sold prior to the effective date.”

     

    By
      returning this Questionnaire, the undersigned will be deemed to be aware of
      the
      foregoing interpretation.

     

    I
      confirm
      that, to the best of my knowledge and belief, the foregoing statements
      (including without limitation the answers to this Questionnaire) are
      correct.

     

    IN
      WITNESS WHEREOF the undersigned, by authority duly given, has caused this
      Questionnaire to be executed and delivered either in person or by its duly
      authorized agent.

      

    
      	
            	 	 
	Dated:
              ________________________	Beneficial
              Owner: ________________________
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Name:
	 	Title:

     

    
      
         

      

      
        -22-Employment
      Agreement

    

    This
      Employment Agreement (“Agreement”) is made as of the ___ day of ____________
      2007 between VeruTek Technologies, Inc., a Delaware corporation (the
“Corporation”) and George Hoag (“Employee”).

    

    WITNESSETH:

    

    WHEREAS,
      The Corporation is in the business of environmental remediation (the
“Business”); and

    

    WHEREAS,
      Employee desires to continue as an employee of the Corporation and for the
      terms
      hereof to govern his activities with the Corporation; and

    

    WHEREAS,
      Corporation desires to continue to employ Employee as an employee of the
      Corporation and define the terms and nature of their relationship, and Employee
      desires to continue his employment upon the terms and conditions stated herein;
      

    

    WHEREAS,
      the Corporation wishes to protect its Confidential Information (as defined
      herein) and to restrict certain future solicitation and competition by Employee;
      

    

    WHEREAS,
      Employee's execution of this Agreement is a requirement of Employee's continued
      employment with the Corporation; 

    

    WHEREAS
      Employee represents that he is or was the owner of various valuable and secret
      trade secrets, methods, and inventions for the use in the field of environmental
      remediation of contaminated water, ground, and air;

    

    WHEREAS,
      Corporation desires to obtain and/or maintain any and all formulas, methods,
      trade secrets, inventions, patents and patent applications now or hereafter
      owned by Employee or useful in the remediation of contaminated land, water,
      and
      air and to obtain the exclusive right to use, manufacture and sell throughout
      the world and to license others so to manufacture and sell such remediation
      of
      contaminated land, water, and air and any future improvements, developments,
      inventions, trade secrets, patents or patent applications methods of application
      that may be made by Employee both in the past and future;

    

    WHEREAS,
      upon execution of this Agreement, concurrently therewith and in consideration
      therefore, Employee shall and hereby does release, remise and forever discharge
      Corporation and its suppliers and customers from direct or contributor
      infringement of any claims of any Employee patent rights by reason of the
      manufacture, use or sale of S-ISCO by Corporation or Corporation affiliates,
      the
      supply of materials for such manufacture by Corporation or Corporation
      affiliates, or the use and/or sale of S-ISCO purchased from Corporation or
      Corporation affiliates, prior to the effective date of this
      Agreement;

    

    WHEREAS,
      Employee has the requisite right and authority to grant rights and licenses
      under information and letters patent and to perform all obligations under this
      Agreement and all attachments hereto. Employee shall disclose to Corporation
      and
      Corporation shall accept, under the terms and conditions of any separate
      agreements all information which is in Employee's possession as of the date
      of
      this Agreement and which may come into his possession during the term hereof.
      In
      addition, at the expense of Corporation, Employee shall assist Corporation
      in
      obtaining, defending, developing, and enforcing patents, worldwide which are
      based on or relate to such confidential and proprietary information whether
      conceived or reduced to practice by him. Employee shall at all times keep
      Corporation informed of all inventions techniques, formulas, proprietary
      information, made, conceived, by him in whole or in part which either result
      from any work he may do at the request of Corporation, as is required by this
      agreement, or affiliated companies, present or contemplated activities,
      investigations or obligations (the "proprietary information"). Affiliated
      companies shall mean companies with which joint enterprises are carried on
      or in
      which the Corporation has any interest;

    

    WHEREAS,
      no representation or warranty has been or is made by either party hereto to
      the
      other party that S-ISCO may be manufactured, used or sold free of patent rights
      or proprietary rights of others; it being understood that neither party hereto
      shall be liable to the other for any loss, damage or expense arising from any
      claim of patent or other proprietary right infringement upon the manufacture,
      use or sale of S-ISCO or the exercise of any license or right under this
      Agreement;

     

    
      
        
        

      

      
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          1 of
          14

        
          

        

      

      
        
        

      

    

    

    WHEREAS,
      Employee represents and warrants to Corporation that (a) he is legally free
      to
      make and perform this Agreement, (b) he has no obligation to any other person
      or
      entity that would or will affect or conflict with any of his obligations under
      this Agreement, (c) the execution and delivery of this Agreement, and the
      performance by him of his obligations under this Agreement, will not, with
      or
      without the giving of notice and/or the passage of time, (i) violate any law,
      regulation, judgment, writ, injunction, decree or order of any court, arbitrator
      or governmental agency applicable to him or (ii) conflict with, result in the
      breach of any provision of or the termination of, or constitute a default under,
      any agreement to which Employee is a party or by which Employee is or may be
      bound, including without limitation, any non-competition covenant or agreement
      binding on, or agreed to, or entered into by, Employee; and

    

    WHEREAS,
      the parties hereto agree that this Agreement shall supersede any other
      agreements regarding Employee’s provision of services to the Corporation,
      including, without limitation, that certain agreement effective as of January
      1,
      2006.

    

    NOW,
      THEREFORE, in
      consideration of the premises, in further consideration of Employee’s employment
      or continued employment by Corporation, and for other good and valuable
      consideration, the receipt and adequacy of which are hereby acknowledged,
      Corporation and Employee hereby agree as follows:

    

    1. Incorporation
      of Recitals.

    

    The
      above
      recitals are, and shall be construed to be, an integral part of this Agreement.
      The parties hereto acknowledge and agree that this Agreement formalizes in
      writing certain understandings and procedures which have been in effect since
      the time Employee was initially employed and/or engaged by the
      Corporation.

    

    2. Scope
      of Employment.

    

    A. The
      Corporation agrees that during the term of this Agreement, the Corporation
      shall
      employ Employee to perform such duties and exercise such authority which are
      of
      the type and nature normally assigned to such employees of a corporation of
      the
      size, stature, and nature of the Corporation, as the Board of Directors of
      the
      Corporation may from time to time assign, including, without limitation, to
      develop, improve, invent, and discover methods for the remediation of polluted
      water, ground and air.

    

    B. Employee
      hereby accepts such employment and agrees that during the term of this Agreement
      that: 

    

    (i) Employee
      will perform such duties in the foregoing capacity, and agrees that fiduciary
      duties normally applicable to corporate officers, including, without limitation,
      those of loyalty and due care, shall be applicable to Employee;

    

    (ii) Employee
      will devote his working time and attention, as well as his best efforts and
      abilities to the performance of his duties hereunder and to the affairs of
      the
      Corporation, and shall not engage in any other gainful employment or other
      provision of services to a third party, or other commercial or business activity
      without the prior written consent of the Corporation;

    

    (iii) Employee
      will not engage in any other activities which conflict, interfere with or
      otherwise adversely affect in any way the proper discharge of his duties
      hereunder and compliance with the covenants of Employee contained
      herein;

    

    (iv)
       Employee
      will not enter into contracts or commitments on behalf of the Corporation
      without the prior written authorization of the Board of Directors or an
      authorized Officer, and Employee acknowledges and agrees that he shall not
      have
      any authority to do so without such prior consent; and

     

    
      
        
        

      

      
        Page
          2 of
          14

        
          

        

      

      
        
        

      

    

    

    (v) Employee
      will comply with all lawful policies which from time to time may be in effect
      at
      the Corporation or adopted by the Corporation and conveyed to
      Employee.

    

    3.
      Compensation.

    

    As
      compensation for the services to be performed by Employee hereunder, the
      Corporation agrees to pay to Employee, and Employee agrees to accept, the
      following:

    

    A. Base
      Compensation. Employee shall receive Base Compensation during the term of this
      Agreement commencing at the salaried rate of $337,500 per annum in respect
      of
      his employment hereunder, less applicable payroll deductions required by law.
      Such Base Compensation shall be paid in substantially equal semi-monthly
      installments, or more frequently in accordance with the policies of the
      Corporation. Employee is also eligible to receive a discretionary bonus, which
      is determined in the sole discretion of the Board of Directors and is not earned
      unless Employee remains employed with the Corporation at the time any such
      bonus
      may be delivered.

    

    B.
       Employee
      Benefits. In addition to Employee’s Base Compensation, the Corporation shall
      make available to such Employee, during the term hereof:

    

    (i) Participation
      in any plans, to the extent such plans are available to all similarly situated
      employees (unless restricted due to Employee’s income level), which are from
      time to time offered to the Corporation’s employees with respect to group
      health, life, accident and disability insurance or payment plans, retirement
      plans, profit sharing or similar employee benefits, if any, but exclusive of
      the
      Corporation’s Incentive Plan pursuant to which Employee’s participation is
      described below.

    

    (ii) Four
      (4)
      weeks (i.e. twenty business days) paid annual vacation, accrued based upon
      time
      employed (i.e. accrued at the rate of five (5) days for each calendar quarter),
      as well as paid holidays designated as such by the Corporation, and other fringe
      benefits regularly provided to the similarly situated employees of the
      Corporation; and

    

    (iii) Except
      as
      set forth in this subparagraph, the Corporation shall reimburse Employee for
      all
      reasonable and necessary business expenses incurred by Employee in connection
      with Employee’s performance of services hereunder if and only if the Employee
      receives the Corporation’s written approval of any such expense prior to
      incurring the expense and, if the expense was necessary but no such advance
      approval was obtained, the Corporation shall reasonably consider reimbursement
      of the expense in accordance with corporate policy. The Corporation shall
      reimburse Employee for such expenses as soon as it is practicable in accordance
      with the Corporation’s reimbursement policy following submission to the
      Corporation by Employee of a written itemized account of such expenditures,
      together with receipts therefor, all in accordance with the Corporation’s policy
      and with applicable law, rules and regulations governing deductibility of such
      amounts under the Internal Revenue Code of 1986, as amended.

    

    C. Discretionary
      Bonus. The Board of Directors may elect on a annual basis to provide Employee
      with a discretionary bonus of up to 50% of Employee’s then current rate of Base
      Compensation.

    

    D. Option
      to
      Acquire Stock. To the extent that the Corporation has a stock option or other
      similar incentive plan in place, Employee shall only be eligible to participate
      in such plan to the extent that Employee’s total ownership in the Corporation is
      less than ten percent (10%) of all issued and outstanding stock.

    

    4. Termination.

    

    A. Termination
      by the Corporation with Cause. The Corporation may terminate Employee’s
      employment with “Cause” as hereafter defined in this Section 4A upon written
      notice. “Cause” shall mean Employee’s: (i) conviction of, or indictment for,
      criminal negligence or criminal acts in the work place or conviction of a
      felony, (ii) violation of the Corporation’s material policies or procedures that
      have been made known to Employee, or violation by Employee on Corporation
      premises of any law or material regulation, (iii) material breach or violation
      of this Agreement, (iv) commission of any act of theft, fraud, dishonesty,
      or
      falsification of any employment or Corporation records, (v) appropriation of
      a
      business opportunity or transaction in contravention of Employee’s duties to the
      Corporation, (vi) any improper action by Employee which has a detrimental effect
      on the Corporation’s reputation or business, (vii) failure to perform the duties
      assigned or requested by Employee’s superiors, or (viii) gross negligence,
      incompetence or willful misconduct by Employee in the performance of Employee’s
      duties. In the event that Employee is terminated with “Cause,” Employee shall
      only be entitled to the payment of Employee’s then-current accrued, unpaid Base
      Compensation and accrued unused vacation, each prorated through the date of
      termination. In the case of an event of Cause under clauses (ii), (iii), (vi)
      or
      (vii), with the exception of any such events of Cause arising from breach of
      any
      of the provisions of Sections 7-13 hereof, Employee shall be provided the
      opportunity to cure such event within a reasonable time following written notice
      thereof and not to exceed thirty (30) days following such notice (the “Cure
      Period”), and if the Employee desires to effect a cure to same then Employee
      shall provide the Corporation with written notice within five business days
      following receipt of notice of Cause of such desire, and in the absence of
      such
      cure by Employee within the Cure Period Employee shall be deemed terminated
      upon
      the expiration of the Cure Period unless otherwise mutually agreed in writing.
      However, notwithstanding the foregoing, Employee shall not be provided the
      opportunity pursuant to the foregoing sentence to cure Employee’s repeated or
      persistent actions, failures or omissions occurring within a three month period
      which constitute Cause (in the absence of cure) hereunder and which would
      otherwise be curable but for such reoccurrence. 

     

    
      
        
        

      

      
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    B. Termination
      by the Corporation Without Cause. The Corporation may terminate Employee’s
      employment without Cause upon fourteen (14) days written notice. In the event
      that Employee is terminated without Cause, Employee shall be entitled to (i)
      payment of Employee’s then-current accrued, unpaid Base Compensation and
      accrued, unused vacation, each prorated through the date of termination, and
      (ii) an amount in respect of individual severance pay equal to the then current
      full year Base Compensation plus Bonus Compensation. During the fourteen (14)
      day period following the delivery of such notice, Employee shall reasonably
      cooperate with the Corporation in arranging for an orderly transference of
      his
      responsibilities.

    

    C. Termination
      by Employee Without Good Reason. Employee may terminate his employment without
      Good Reason upon thirty (30) days prior written notice. In the event that
      Employee terminates his employment without Good Reason, Employee shall be
      provided with payment of Employee’s then-current unpaid Base Compensation and
      accrued, unused vacation, each prorated through the date of termination. During
      the thirty (30) day period following the delivery of such notice, Employee
      shall
      reasonably cooperate with the Corporation in locating and training Employee’s
      successor and arranging for an orderly transference of his responsibilities.
      

    

    D.
      Termination by Employee for Good Reason. Employee may terminate his employment
      hereunder for Good Reason. “Good Reason” shall mean (i) a material diminution of
      Employee’s employment duties without Employee’s consent, which consent shall not
      be unreasonably withheld; (ii) a material and persistent breach by the
      Corporation of Section 3 hereof. Employee shall provide the Corporation thirty
      (30) days prior written notice of his intention to resign for Good Reason which
      states his intention to resign and sets forth the reasons therefore, and any
      resignation without delivery of such notice shall be considered to be a
      resignation for other than Good Reason. In the event that Employee terminates
      his employment pursuant to this Section 4D, Employee shall be entitled to (i)
      payment of Employee’s then-current accrued, unpaid Base Compensation and
      accrued, unused vacation, each prorated through the date of termination, and
      (ii) an amount in respect of individual severance pay equal to the then current
      full year Base Compensation plus Bonus Compensation. During the thirty (30)
      day
      period following the delivery of such notice, Employee shall reasonably
      cooperate with the Corporation in locating and training Employee’s successor and
      arranging for an orderly transference of his responsibilities. 

    

    E. Termination
      Due to Employee’s Death or Disability. In the event that this Agreement and
      Employee’s employment is terminated due to Employee’s death or disability,
      Employee (or Employee’s legal representatives) shall be paid Employee’s
      then-current unpaid Base Compensation and accrued, unused vacation, each
      prorated through the date of termination. For purposes of this Agreement, the
      term “disability” shall mean the mental or physical inability to perform
      satisfactorily the essential functions of Employee’s full-time duties, with or
      without a reasonable accommodation, as determined by a physician mutually agreed
      by the Corporation and Employee, such agreement not to be unreasonably withheld;
      provided, however, that any disability which continues (subject to any
      requirements of applicable law) for one hundred and twenty (120) days (whether
      or not consecutive) in any twenty-four (24) month period shall be deemed a
      total
      and permanent disability.

     

    
      
        
        

      

      
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    5. Disposition
      of Options on Termination.

    

    To
      the
      extent Employee has been issued an option to acquire shares of the Corporation’s
      common stock (the “Option,” at any point during Employee’s employment, in the
      event of termination of Employee’s employment with the Corporation for any
      reason, any unvested Options shall immediately lapse upon notice of such
      termination, and any vested Options must be exercised within the time limits
      set
      forth in the applicable option agreement or grant letter, or they will also
      lapse.

    

    6. Employee
      Work Standards

    

    Employee
      will: a) serve Corporation (and such of its subsidiary or parent companies
      as
      Corporation may designate) faithfully, diligently and to the best of Employee’s
      ability in a loyal and dedicated manner under direction of the Director(s)
      and
      Officers of Corporation; b) in the course of employment, devote his/her best
      efforts and substantially all his/her entire time, attention, energy,
      experience, talent, expertise and knowledge to the performance of his/her duties
      to Corporation; c) not engage in any other gainful employment or engagement
      or
      other commercial or business activity not for the benefit of the Corporation
      without the prior written consent of the Corporation; and d) not do anything
      inconsistent with Employee’s duties to Corporation; e) comply with all lawful
      policies which from time to time may be in effect at the Corporation or adopted
      by the Corporation and conveyed to Employee and f) perform his/her duties as
      a
      professional at all times and will conduct all activities in accordance with
      the
      highest professional standards.

    

    7. Representations,
      Warranties and Certain Covenants of Employee.

    

    Employee
      hereby represents, warrants and covenants to the Corporation that:

    

    A. Employee
      is not subject to any agreement, including any confidentiality, non
      solicitation, non competition, or invention assignment, agreement or other
      restrictive covenant, whether oral or written, which would in any way restrict
      or prohibit Employee's ability to execute this Agreement, perform Employee’s
      obligations under this Agreement or otherwise comply with the terms of this
      Agreement;

    

    B. Employee
      has respected and at all times in the future will continue to respect the rights
      of Employee's previous employer(s) in trade secret and confidential information
      (including with respect to proprietary documents, computer software programs,
      computer discs, customer lists, and any other material which is proprietary
      to
      Employee's previous employer(s)) in accordance with applicable agreements,
      if
      any, and applicable law;

    

    C. Employee
      has left with Employee’s previous employers all proprietary documents, computer
      software programs, computer discs, customer lists, and any other material which
      is proprietary to Employee's previous employer(s), has not taken copies of
      any
      such materials and will not remove or cause to be removed any such material
      or
      copies of any such material from such previous employer(s) in violation of
      Employee’s agreements, if any, with previous employers;

    

    D. Employee
      has not (since the date of his employment or engagement with the Corporation)
      done, and thereafter will not do anything, by contract or otherwise, which
      would
      impair the rights of the Corporation in and to any Corporation Developments
      (as
      defined below), the Corporation Materials (as defined below), or the ability
      of
      Employee to perform Employee's obligations under this Agreement;

    

    E. Employee
      shall not, during the term of his employment with the Corporation, do anything
      or authorize any other person or entity to do anything contrary to the material
      rights and interests of the Corporation in contravention of Employee’s
      obligations under this Agreement.

    

    F. The
      information Employee supplied to the Corporation in connection with Employee’s
      employment is true, correct, and complete; 

     

    
      
        
        

      

      
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    G. So
      long
      as Employee remains employed by the Corporation, any and all business
      opportunities from whatever source which Employee may receive or otherwise
      become aware of in connection with his employment with the Corporation relating
      to the business of the Corporation shall belong to the Corporation, and unless
      the Corporation specifically, after full disclosure by Employee of each and
      any
      such opportunity, waives its right in writing, the Corporation shall have the
      sole right to act upon any of such business opportunities as the Corporation
      deems advisable; and

    

    H.
       Employee
      has no inventions, improvements, discoveries, software or writings useful to
      the
      Corporation in the normal course of its business, which were conceived, made
      or
      written prior to the commencement of my employment or engagement with the
      Corporation and which are excluded from this Agreement, except as described
      in
      Schedule 7H attached hereto.

    

    8. Work
      for Hire and Invention Assignment. 

    

    8.1
       Employee
      agrees to promptly disclose to Corporation any and all inventions, improvements,
      methods, processes, concepts, secrets, ideas, trademarks, designs, technologies,
      computer software, software code, original works of authorship, formulas,
      discoveries, patentable subject matter, copyrightable works, products, marketing
      and business ideas, and all other improvements, know-how, data, rights, and
      claims related to the foregoing, whether or not patented or patentable, or
      subject to copyright, trademark or service mark protections, and whether or
      not
      reduced to practice, which are made, conceived, developed or written by Employee
      during the term of employment with the Corporation and either in connection
      with
      the duties of Employee, or which are capable of being used by the Corporation
      in
      connection with its business (collectively, “Developments”), including those
      which: (i) relate to the Corporation’s current or contemplated business or
      activities; (ii) relate to the Corporation’s actual or demonstrably anticipated
      research or development; (iii) result from any work performed by Employee for
      the Corporation; (iv) involve the use of the Corporation’s equipment, supplies,
      facilities or trade secrets; (v) result from or are suggested by any work done
      by the Corporation or at the Corporation’s request, or any projects specifically
      assigned to Employee; or (vi) result from Employee’s access to any of the
      Corporation’s memoranda, notes, data, formulae, specifications, inventions,
      processes, equipment or other materials (the items in this clause (vi)
      collectively, “Corporation Materials”). All such Developments shall belong to
      and become the property of the Corporation. The provisions of this Section
      shall
      not apply to developments for which no equipment, supplies, facilities, or
      trade
      secret information of the Corporation was used and which were developed on
      the
      Employee’s own time, unless (i) the development relates to the business of
      Corporation or to the Corporation’s actual or demonstrably anticipated research
      or development, or (ii) the development results from any work performed by
      the
      Employee for the Corporation. 

    

    8.2 Employee
      agrees that any and all work performed hereunder and any resulting Developments
      shall be “work made for hire” within the meaning of the Copyright Act of 1976,
      as amended. Employee hereby assigns to the Corporation his or her entire right,
      title and interest in said Developments. Furthermore, Employee shall execute
      all
      instruments of assignment and any other documents requested by Corporation
      relating to the Corporation’s ownership of any and all Developments or to
      applications for patents, copyrights and trademarks and the enforcement and
      protection thereof.

    

    8.3 Employee
      shall mark all Developments with the Corporation’s copyright or other
      proprietary notice as directed by the Corporation and shall take all actions
      deemed necessary by the Corporation to protect the Corporation’s rights therein
      including, without limitation, the maintenance of such item in confidence to
      the
      same degree as required for Confidential Information (as herein defined) or
      as
      otherwise instructed by the Corporation. In the event that the Developments
      shall be deemed not to constitute works made for hire, or in the event that
      Employee should otherwise, by operation of law, be deemed to retain any rights
      (whether moral rights or otherwise) to any Developments, Employee agrees to
      assign to the Corporation, without further consideration, Employee’s entire
      right, title and interest therein.

    

    8.4 Employee
      agrees to keep and maintain adequate and current written records of all
      Developments and their development made by Employee (solely or jointly with
      others) during the term of Employee’s employment with the Corporation. These
      records will be in the form of notes, sketches, drawings, and any other format
      that may be specified by the Corporation. These records will be available to
      and
      remain the sole property of the Corporation at all times.

     

    
      
        
        

      

      
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    8.5
       Employee
      further agrees that all information and records pertaining to any idea, process,
      trademark, service mark, invention, technology, computer hardware or software,
      original work of authorship, design, formula, discovery, patent, copyright,
      product, and all improvements, know-how, rights, and claims related to the
      foregoing (“Intellectual Property”), that Employee does not believe to be a
      Development, but that is conceived, developed, or reduced to practice by the
      Corporation (alone by Employee or with others) during the Employee’s employment
      with the Corporation and for six months thereafter, shall be disclosed promptly
      by Employee to the Corporation (such disclosure to be received in confidence).
      The Corporation shall examine such information to determine if in fact the
      Intellectual Property is a Development subject to this Agreement.

    

    8.6
       Because
      of the difficulty of establishing when any Developments are first conceived
      by
      Employee, or whether they result from Employee’s access to Confidential
      Information or Corporation Materials, Employee agrees that any Development
      shall, among other circumstances, be deemed to have resulted from Employee’s
      access to Corporation Materials if: (i) it grew out of or resulted from
      Employee’s work with the Corporation or is related to the business of the
      Corporation, and (ii) it is made, used, sold, exploited or reduced to practice,
      or an application for patent, trademark, copyright or other proprietary
      protection is filed thereon, by Employee or with Employee’s significant aid,
      within six months after termination of Employee’s employment with the
      Corporation.

    

    8.7
       Assistance.
      Employee further agrees to reasonably assist the Corporation in every proper
      way
      (but at the Corporation’s expense) to obtain and from time to time enforce
      patents, copyrights, or other rights or registrations with respect to
      Developments in any and all countries, and to that end will execute all
      documents necessary:

    

    (i) to
      apply
      for, obtain and vest in the name of the Corporation alone (unless the
      Corporation otherwise directs) letters patent, copyrights, or other analogous
      protection in any country throughout the world and when so obtained or vested
      to
      renew and restore the same; and

    

    (ii) to
      defend
      any opposition proceedings in respect of such applications and any opposition
      proceedings or petitions or applications for revocation of such letters patent,
      copyright or other analogous protection; and 

    

    (iii) to
      cooperate with the Corporation (but at the Corporation’s expense) in any
      enforcement or infringement proceeding on such letters patent, copyright or
      other analogous protection.

    

    9. Covenant 

     

    9.1
      Covenant.

    

    Employee
      acknowledges and agrees that:

    

    A. During
      the course of Employee's employment with the Corporation, Employee will learn
      about, will help to develop and will develop, and will be entrusted in strict
      confidence with (1) confidential and proprietary information and trade secrets
      that are or will be owned by the Corporation and are not available to the
      general public or the Corporation’s competitors concerning the Corporation,
      including its sales, operations, financial condition, financial projections,
      profit margins, personnel matters (including the identity of the Corporation’s
      top-performing personnel, hiring criteria, and training techniques),
      intermediate and long-term business goals and strategic plans, promotional
      strategies and techniques, pricing and cost structure of services, customer
      identities, customer relationship histories, customer records, customer service
      matters, customer preferences, needs and idiosyncrasies, formal customers and
      prospects, identity of vendors and suppliers, special vendor and supplier
      pricing and delivery terms, computer programs and codes, research and
      development, specifications, algorithms, processes, formulas methods, technical
      data, know-how, complications, designs, drawings, photographs, other
      machine-readable records, business activity and other confidential aspects
      of
      the Corporation and its business and operations; (2) information which the
      Corporation will be required to keep confidential in accordance with
      confidentiality obligations to third parties; and (3) other matters and
      materials belonging to or relating to the internal affairs of the Corporation,
      including information recorded on any medium which gives it an opportunity
      to
      obtain an advantage over its competitors which do not know or use the same
      or by
      which the Corporation derives actual or potential value from such matter or
      material not generally being known to other persons or entities which might
      obtain economic value from its use or disclosure (all of the foregoing being
      hereinafter collectively referred to as the "Confidential
      Information");

     

    
      
        
        

      

      
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    B. It
      is
      imperative that the Employee treat whatever information Corporation wants to
      protect from disclosure as genuinely “Confidential,” i.e. restricting access by
      pass code, stamping hard copies of customer and prospect lists “Confidential,”
and restricting access to the customer and prospect lists except by personnel,
      and the like. 

    

    C. The
      Corporation has developed or purchased and will develop or purchase the
      Confidential Information at substantial expense in a market in which the
      Corporation faces intense competitive pressure, and the Corporation has kept
      and
      will keep secret the Confidential Information;

    

    D. The
      Corporation’s customer relationships are or will be near permanent and such
      relationships are significant assets belonging to the Corporation which have
      been or will be developed through a substantial investment of time, effort,
      and
      expense in the Corporation’s worldwide market, and, as a result of Employee’s
      employment with the Corporation, (i) Employee will have contact with such
      customers which he would not otherwise have had and (ii) such customers will
      associate the Corporation’s goodwill with Employee;

    

    E. The
      Corporation has developed and will develop a wealth of intimate knowledge
      regarding its customers, and the identity of the Corporation’s customers is not
      generally known in the worldwide community in which the Corporation’s businesses
      are located; and, for these and other reasons, the Corporation has a legitimate,
      protectable interest in the identity of its customers and the method of
      operations of its Business;

    

    F. Employee’s
      skills in the area of Corporation’s Business will be developed and enhanced as a
      result of Employee’s employment relationship with the Corporation;

    

    G. The
      Corporation has a legitimate interest in protecting the goodwill, customer
      information, customer relationships, and use of Employee’s skills by means of
      enforcement of the restrictive covenants set forth in this
      Agreement;

    

    H. Nothing
      in this Agreement shall be deemed or construed to limit or take away any rights
      the Corporation may have, at any time, under common law or as to any of the
      Confidential Information that constitutes a trade secret under the Delaware
      Trade Secrets Act or common law. 

    

    I. For
      purposes of this Agreement, “customer” or “client” includes any person or entity
      (including, but not limited to, state, local, municipal or federal government
      entities) who is then a customer or client of the Corporation, or its affiliates
      or subsidiaries, and any person or entity who was a customer or client at any
      time during the preceding thirty-six months, and any prospective customers
      or
      clients with which Employee has knowledge (actual or constructive) that the
      Corporation has been either actively marketing (which shall include, without
      limitation, the delivery by Corporation of an informal or formal proposal during
      the prior one year period) or soliciting the sale of the Corporation’s products
      or services to it, or negotiating with the prospect to become a customer or
      client of the Corporation.

    

    9.2
      Confidentiality
      Covenants.

    

    In
      consideration of Employee’s employment and compensation and other consideration
      described herein, Employee acknowledges and agrees that:

    

    A. To
      the
      extent that Employee developed or had access to Confidential Information before
      entering into this Agreement, Employee represents and warrants that he has
      not
      used for his own benefit or for the benefit of any other person or entity,
      and
      he has not disclosed, directly or indirectly, to any other person or entity,
      other than the Corporation, any of the Confidential Information. Unless and
      until the Confidential Information becomes publicly known through legitimate
      means not involving an act or omission by Employee or the Corporation’s other
      employees or independent contractors:

    

    (i) The
      Confidential Information is, and at all times hereafter shall remain, the sole
      property of the Corporation; 

     

    
      
        
        

      

      
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    (ii) Employee
      shall use his best efforts and the diligence to guard and protect the
      Confidential Information from disclosure to any competitor, customer or supplier
      of the Corporation or any other person, firm, corporation, or other
      entity;

    

    (iii) Unless
      the Corporation gives Employee prior express written permission, during his
      employment and thereafter, Employee shall not use for his own benefit, or
      divulge to or use for the benefit of any competitor or customer or any other
      person, firm, corporation, or other entity, any of the Confidential Information
      which Employee may obtain, learn about, develop, or be entrusted with as a
      result of Employee's employment by the Corporation; and

    

    (iv) Except
      in
      the ordinary course of the Corporation's Business, Employee shall not seek
      or
      accept any Confidential Information from any former, present, or future
      contractor or employee of the Corporation.

    

    B. Employee
      also acknowledges and agrees that all documentary and tangible Confidential
      Information including, without limitation, such Confidential Information as
      Employee has committed to memory, is supplied or made available by the
      Corporation to Employee solely to assist him in performing his duties under
      this
      Agreement. Employee further agrees that upon termination of his employment
      with
      the Corporation for any reason:

    

    (i) Employee
      shall not remove from Corporation property, and shall immediately return to
      the
      Corporation, all documentary or tangible Confidential Information in his
      possession, custody, or control and not make or keep any copies, notes,
      abstracts, summaries, tapes or other record of any type of Confidential
      Information; and 

    

    (ii) Employee
      shall immediately return to the Corporation any and all other Corporation
      property belonging to or within the custody or possession of the Corporation
      or
      as to which the Corporation has the right of possession, in his possession,
      custody or control, including, without limitation, all internal manuals,
      customer or client work papers, data, software, and other written materials
      (and
      all copies thereof) prepared for internal use by the Corporation or used in
      connection with the Business or operations of the Corporation, any and all
      keys,
      security cards, passes, credit cards, and marketing literature. 

    

    10. Return
      of Material. 

    

    Upon
      termination of employment with Corporation, and regardless of the reason for
      such termination, or upon the Corporation’s request, Employee will leave with,
      or promptly return to Corporation and its customers all documents, records,
      notebooks, magnetic tapes, disks, computers, network hardware, and other
      materials, including all copies in his/her possession or control which contain
      Confidential Information of Corporation and its customers and prospects or
      any
      other information concerning Corporation and its customers, prospects, products,
      services or customers, whether prepared by the Employee or others, including,
      without limitation, Corporation Materials and Developments.

    

    11. Non-Solicitation
      of Employees.

    

    In
      consideration of his employment and compensation and other consideration
      described herein, Employee agrees that Employee will not during both the term
      of
      this Agreement and the twenty four (24) months following the termination of
      Employee's employment, without the written consent of the Corporation, for
      any
      reason, directly or indirectly, or by action in concert with others, induce
      or
      influence, or seek to induce or influence, any person who is engaged by the
      Corporation as an employee, agent, independent contractor or otherwise, to
      terminate his/her employment or engagement , nor shall Employee prior to the
      expiration of such period, directly or indirectly, solicit for employment or
      engagement, employ or engage, attempt to employ or engage, or advise or
      recommend to any other person or entity that such person or entity employ or
      engage or solicit for employment or engagement, any person or entity employed
      or
      engaged by the Corporation.

     

    
      
        
        

      

      
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    12.
      Non-Solicitation of Customers.

    

    In
      consideration of his employment and compensation and other consideration
      described herein, Employee agrees that prior to the termination of and for
      a
      period of twenty four (24) months immediately following the termination of
      Employee's employment with the Corporation, Employee will not, either for
      himself or on behalf of any other person or entity, directly or indirectly,
      solicit, attempt or offer to provide services or products or provide services
      or
      products, competitive with those services rendered or products sold by or on
      behalf of the Corporation during the term of this Agreement, to any past or
      present customer or client (each as defined in Section 9.1) of the Corporation.
      

    

    13.
      Covenants Not To Compete and Anti-Piracy.

    

    13.1 Employee
      acknowledges that the services rendered by Employee on behalf of the Corporation
      are of a special and unique character, and that during the performance of such
      services, Employee will acquire, because of the special relationship among
      the
      Corporation, Employee and the Corporation’s customers and clients, valuable
      information, trade secrets, customer lists, proprietary information, financial
      information and unique skills. Accordingly, Employee covenants, in consideration
      of Employee’s employment and compensation and other consideration described
      above, that while Employee is employed by the Corporation and for the Noncompete
      Period (as herein defined) after the termination of Employee’s employment with
      the Corporation for any reason, Employee shall not without the prior written
      consent of the Corporation, (i) directly or indirectly, engage in any activity
      which is competitive with the Business of the Corporation or (ii) own, manage,
      join, invest in, finance or control, accept employment with, or provide
      consulting or advisory services to, directly or indirectly, any Competitive
      Business. “Noncompete Period” shall mean a period of twelve months.

    

    13.2 “Competitive
      Business” shall mean any person, firm, corporation, proprietorship, partnership
      or other entity or commercial venture that competes in the Business within
      the
      United States. Nothing contained in this Agreement shall prevent Employee from
      owning, directly or indirectly, solely for investment purposes up to one percent
      (1.0%) of the outstanding shares of capital stock of any corporation whose
      stock
      is listed on a national securities exchange or is traded in the over-the-counter
      market or from having a passive ownership interest in any entity, provided
      such
      entity does not operate a Competitive Business.

    

    13.3. Employee
      acknowledges that in the event that Employee’s employment with the Corporation
      terminates, Employee will be able to earn a livelihood without violating the
      foregoing covenants.

    

    14. Equitable
      Relief.

    

    Employee
      acknowledges and agrees that the business of the Corporation is highly
      competitive, and that violation of any of the covenants and agreements provided
      for in Sections 7-13 of
      this
      Agreement would cause immediate, immeasurable and irreparable harm, loss and
      damage to the Corporation not adequately compensable by a monetary award.
      Accordingly, Employee agrees, without limiting any of the other remedies
      available to the Corporation, that any violation of said covenants, or any
      of
      them, may be enjoined or restrained by any court of competent jurisdiction,
      and
      that any temporary restraining order or emergency, preliminary or final
      injunctions may be issued by any court of competent jurisdiction, without notice
      and without bond. In the event any proceedings are commenced by the Corporation
      for any actual or threatened violation of any of said covenants or agreements
      or
      the Corporation shall engage legal counsel or incur other costs and expenses
      related to the enforcement of said covenants or agreements, Employee shall
      be
      liable to the Corporation to the extent the Corporation is the prevailing party
      in such proceedings (or in the absence of a proceeding, to the extent the
      services of attorneys and the incurrence of such other costs and expenses were
      reasonably required for the Corporation’s enforcement of the provisions of this
      Agreement, as determined by the Corporation’s Managing Directors) for all
      reasonable costs and expenses of any kind, including reasonable attorneys'
      fees,
      which the Corporation has incurred in connection with such proceedings or
      enforcement activities, including, without limitation, in connection with the
      enforcement of the provisions of this Section 14. Employee acknowledges that
      in
      the event that Employee’s employment with the Corporation terminates, Employee
      will be able to earn a livelihood without violation of the aforesaid covenants
      of this Agreement. 

     

    
      
        
        

      

      
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    15. Nature
      of Relationship.

    

    This
      agreement clarifies certain rights and duties of Corporation and Employee.
      Corporation and Employee each acknowledge and agree that Employee’s employment
      with Corporation is for a period up through and including December 31, 2016
      (the
“Term”), and may be extended by written consent of Employee and the Board of
      Directors. Notwithstanding the above, the parties acknowledge that such
      employment and/or this Agreement may be terminated by either Corporation or
      Employee at any time and for any reason, with or without cause, in accordance
      with the terms of this Agreement; provided, however, that Employee agrees he/she
      shall give Corporation thirty (30) days prior written notice of Employee’s
      intent to resign/terminate. Subject to the other provisions of this Agreement,
      Employee recognizes he is employed as an “at-will” employee and that this
      Agreement and Employee’s employment with the Corporation may be terminated at
      any time by the Corporation and at Corporation’s sole discretion. 

    

    16. Outside
      Activities

    

    Employee
      agrees that during the period of his/her engagement, Employee will not, without
      Corporation’s prior written approval, directly or indirectly engage in any
      outside employment or consulting activity relating to any line of business
      which
      Corporation and its customers are engaged, or which would otherwise conflict
      with or adversely affect in any way Employee’s performance of his/her engagement
      obligation to Corporation.

    

    17.
       
      Binding Effect and Benefit.

    

    The
      provisions hereof shall be binding upon, and shall inure to the benefit of,
      Employee, his heirs, executors, and administrators as well as to Corporation,
      its successors, and assigns; however, Employee’s services under this personal
      services contract are not assignable by Employee.

    

    18. 
      Waivers.

    

    No
      delay
      on the part of any party in the exercise of any right or remedy shall operate
      as
      a waiver thereof, and no single or partial exercise or waiver thereof by any
      party of any right or remedy shall preclude the exercise or further exercise
      thereof or the exercise of any other right or remedy.

    

    19. 
      Governing Law.

    

    This
      Agreement, its interpretation, performance, enforcement or any breach thereof,
      shall be construed in accordance with, and all questions with respect thereto
      shall be determined by, internal, substantive laws of the State of Delaware
      (without giving effect to principles of conflict of laws). In connection with
      any judicial proceeding: (i) the parties consent to the exclusive jurisdiction
      of the state and federal courts having jurisdiction in Connecticut or Delaware
      and the parties waive any objection which it may now or later have to the laying
      of venue of any legal action or proceeding arising out of or relating to this
      Agreement brought in any such court or that such forum is inconvenient; (ii)
      both parties waive personal service and agree that service of any pleading,
      notice, complaint, etc. may be served by certified or registered mail by one
      party to the other party at such other party’s address for notices as set forth
      herein; and (iii) such service shall be deemed effective as if personally served
      upon the receiving party at its principal place of business or residence.
      Nothing herein affects the right to serve process in any other manner permitted
      by law. 

    

    20. 
      Severability; Interpretation.

    

    Whenever
      possible, each of the provisions of this Agreement shall be construed and
      interpreted in such a manner as to be effective and valid under applicable
      law.
      If any provisions of this Agreement (including but not limited to Sections
      9-13)
      or the application of any provision of this Agreement to any party or
      circumstance shall be prohibited by, or invalid under applicable law, such
      provision shall be ineffective to the extent of such prohibition without
      invalidating the remainder of such provision, any other provision of this
      Agreement, or the application of such provision to other parties or
      circumstances. Headings used in this Agreement are for convenience of reference
      only. 

     

    
      
        
        

      

      
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    21. 
      Entire Agreement.

    

    Any
      and
      all prior discussions, understandings, and agreements, whether written or oral,
      express or implied, including, without limitation, any offer letter, held or
      made between Employee and the Corporation are superseded by and merged into
      this
      Agreement, which alone fully and completely expresses the agreement of the
      parties with regard to the matters addressed herein, and this Agreement is
      entered into with no party relying on any statement or representation made
      by
      any other party which is not contained in this Agreement. 

    

    22. Amendments.

    

    This
      Agreement may be modified, amended or supplemented only by execution of a
      written instrument signed by both Employee and the Corporation.

    

    23. Survival.

    

    The
      provisions of Sections 4, 5, 7-14 and 17-26 shall survive any termination of
      Employee’s employment hereunder and any termination or expiration of this
      Agreement.

    

    24.
       Notice.

    

    Any
      notices or communications hereunder will be deemed sufficient if made in writing
      and hand-delivered, or if sent by facsimile with confirmation of transmission
      retained, or if mailed, postage prepaid, registered or certified mail, return
      receipt requested, or if sent by nationally recognized overnight courier, to
      the
      following addresses:

    

    
      	
              If
                to the Corporation:

            	
              If
                to Employee:

            
	 	 
	
              VeruTek
                Technologies, Inc.

            	
              George
                Hoag

            
	
              628
                Hebron Avenue, Building 2

            	
              12
                Sunset Drive

            
	
              Suite
                505

            	
              Sebastian,
                FL 32958

            
	
              Glastonbury,
                CT 06033

            	 
	
              Attention:
                CEO or President

            	 

    

    

    or
      to
      such other address as either party may designate for such party by written
      notice to the other given from time to time in the manner herein
      provided.

    

    25. Presumptions.
      

    

    In
      resolving any dispute or construing any provision hereunder, there shall be
      no
      presumptions made or inferences drawn because the attorneys for one of the
      parties drafted the Agreement.

    

    26. Counterparts. 

    

    This
      Agreement may be executed in one or more counterparts and by transmission of
      a
      facsimile or digital image containing the signature of an authorized person,
      each of which shall be deemed and accepted as an original, and all of which
      together shall constitute a single instrument. 

    

    *
      * * * *
      * * * * * *

    

    (signature
      page follows)

     

    
      
        
        

      

      
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    In
      Witness Whereof, this Agreement has been executed and delivered by the parties
      hereto as of the dates set forth below.

     

    
      	VERUTEK
              TECHNOLOGIES, INC.	 	 	EMPLOYEE
	 	 	 	 
	 	 	 	 
	By: 	 	 	
            
	
              
                

              

            	 	 	
              
                

              

              (signature)

            
	 	 	 	 
	Name: 	 	 	Name: George
              Hoag
	
              
                

              

            	 	 	 
	 	 	 	 
	Title:	 	 	 
	
              
                

              

            	 	 	 
	 	 	 	 
	Date: ____/____/____	 	 	Date:
              ____/____/____

    Caution
      to Employee: THIS
      AGREEMENT AFFECTS IMPORTANT RIGHTS INCLUDING, WITHOUT LIMITATION, RIGHTS TO
      INVENTIONS AND OTHER INTELLECTUAL PROPERTY THAT EMPLOYEE MAY DEVELOP DURING
      HIS
      OR HER EMPLOYMENT. DO NOT SIGN IT UNLESS YOU HAVE READ IT CAREFULLY AND ARE
      SATISFIED THAT YOU UNDERSTAND IT COMPLETELY. 

     

    
      
        
        

      

      
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    Schedule
      7H

    Excluded
      Inventions 

    

    Employee
      describes below, or on additional pages if necessary, in specific terms, the
      following inventions, improvements, discoveries, software or writings which
      Employee represents are presently in existence and have not been derived from
      any Developments, Corporation Materials, or Confidential
      Information:

    

    None.

     

    
      
        
        

      

      
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