Document:

REGISTRATION RIGHTS AGREEMENT

 

This Registration Rights
Agreement (this "Agreement"), dated as of June 3, 2011, by and between Vendum Batteries, Inc., a Nevada corporation
(the "Company"), and Centurion Private Equity, LLC, a limited liability company organized under the laws of the
state of Arizona (”Investor” or the “Holder”).

 

WHEREAS:

 

A. The
Company and the Investor have entered into that certain Investment Agreement, dated as of the date hereof (the “Investment
Agreement”), pursuant to which the Company may issue, from time to time, to the Investor up to an aggregate of $5,000,000.00
of newly issued shares of the Company’s common stock, $0.001 par value (“Common Stock”), subject to the Individual
Put Limit for each Put (as each such term is defined in the Investment Agreement), as provided for therein.

 

B. Pursuant to the terms
of, and in consideration for the Investor entering into, the Investment Agreement, the Company has issued to the Investor the Commitment
Shares and Fee Shares (as each is defined in the Investment Agreement) in accordance with the terms of the Investment Agreement.

 

C.     Pursuant
to the terms of, and in consideration for the Investor entering into, the Investment Agreement, and to induce the Investor to execute
and deliver the Investment Agreement, the Company has agreed to provide the Investor with certain registration rights under the
Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the
"1933 Act"), and applicable state securities laws with respect to the Registrable Securities (as defined herein)
as set forth herein.

 

NOW, THEREFORE,
In consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and the Investor hereby agree as follows:

 

1. DEFINITIONS.

 

As used in this Agreement,
the following terms shall have the following meanings (each capitalized term not otherwise defined herein shall have the meaning
ascribed to it in the Investment Agreement):

 

“1934 Act”
shall mean the Securities Exchange Act of 1934, as amended.

 

“Additional Registration
Statement” shall have the meaning ascribed to it in Section 3(c) below.

 

“Additional Registration
Effectiveness Deadline” shall have the meaning ascribed to it in Section 3(c) below.

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“Additional Registration
Filing Deadline” shall have the meaning ascribed to it in Section 3(c) below.

 

“Allowed Extension”
shall have the meaning ascribed to it in Section 3(e) below.

 

“Commission”
shall mean the Securities and Exchange Commission.

 

“Commitment Shares”
shall have the meaning ascribed to it in the Investment Agreement.

 

"Cutback Shares"
means any of the Registrable Securities not included in any of the Registration Statements previously declared effective hereunder
as a result of a limitation on the maximum number of shares of Common Stock of the Company permitted to be registered by the staff
of the SEC pursuant to Rule 415.

 

“Effective Date”
shall mean the date that the initial Registration Statement is first declared effective by the Commission.

 

“Effectiveness
Deadline,” (a) with respect to the Initial Registration Statement, shall mean the one hundred fiftieth (150th)
calendar day after the date hereof (or the one hundred eightieth (180th)
calendar day after the date hereof in the event that such Registration Statement is subject to review by the SEC) and (b)
with respect to any Additional Registration Statements which may be required pursuant to Section 3(c), shall mean the Additional
Registration Effectiveness Deadline; provided, however, that in the event the Company is notified by the Commission that one or
more of the above Registration Statements will not be reviewed or is no longer subject to further review and comments, the Effectiveness
Deadline as to such Registration Statement shall be the fifth Trading Day following the date on which the Company is so notified
if such date precedes the dates otherwise required above.

 

“Exclusion Period”
shall have the meaning set forth in Section 3(q) below.

 

“Fee Shares”
shall have the meaning ascribed to it in the Investment Agreement.

 

“Filing Deadline” shall
mean the Initial Registration Filing Deadline, or any applicable Additional Registration Filing Deadline.

 

“FINRA” shall mean the
Financial Industry Regulatory Authority (f/k/a the National Association of Securities Dealers, Inc.).

 

“Holder”
shall mean the Holder of the Registrable Securities, which shall be Centurion Private Equity, LLC or any permitted assignee therefrom.

 

“Initial Registration
Filing Deadline” shall mean, with respect to the Initial Registration Statement required hereunder, the date that is
sixty (60) calendar days (plus any “Allowed Extension”) from the date of this Agreement.

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“Initial Registration
Minimum” means a number of Registrable Securities equal to the lesser of (i) the total number of Registrable Securities
and (ii) the maximum number of Registrable Securities which could be registered for resale by the Company without causing the Commission
to prohibit the Company from conducting such offering in accordance with the provisions of Rule 415 as advised by counsel to the
Company or by the staff of the Commission (the “Staff”) in a written comment letter or otherwise (which number shall
be approximately one-third (1/3) of the number of issued and outstanding shares of Common Stock that are held by non-affiliates
of the Company on the day immediately prior to the filing date of the Initial Registration Statement, unless the Staff expressly
requires otherwise).

 

“Investment Agreement”
shall have the meaning set forth in Recital “A” above.

 

"Investor"
means Centurion Private Equity, LLC or any permitted transferee or assignee thereof to whom Centurion Private Equity, LLC (or a
prior assignee thereof) assigns its rights under this Agreement and who agrees to become bound by the provisions of this Agreement
in accordance with Section 10 hereof.

 

 “Prospectus”
means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated
by the Commission pursuant to the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the
terms of the offering of any portion of the Registrable Securities covered by a Registration Statement, and all other amendments
and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to
be incorporated by reference in such Prospectus.

 

"Register,"
"Registered," and "Registration" refer to a registration effected by preparing and filing a Registration
Statement or Statements in compliance with the 1933 Act and pursuant to Rule 415 under the 1933 Act or any successor rule providing
for offering securities on a continuous basis ("Rule 415"), and the declaration or ordering of effectiveness of
such Registration Statement by the United States Securities and Exchange Commission (the "Commission").

 

"Registrable Securities,"
means (a) the Commitment Shares, (b) the Fee Shares, (c) any shares of Common Stock issued or issuable as Put Shares (as defined
in the Investment Agreement), (d) any shares of capital stock issued or issuable as a dividend on or in exchange for or otherwise
with respect to any of the foregoing, (e) any other shares of common stock issued or issuable to the Investor pursuant to the terms
of the Investment Agreement, this Registration Rights Agreement or any other Transaction Document (as defined in the Investment
Agreement), (f) shares of capital stock of a successor entity into which the shares of Common Stock
are converted or exchanged and (g) any securities issued or issuable upon any stock split, dividend or other distribution,
recapitalization or similar event with respect to the foregoing. Notwithstanding the above, the Commitment Shares and Fee Shares
shall no longer be considered “Registrable Securities” after the first anniversary of the Investment Commitment Closing
(as defined in the Investment Agreement) provided that such shares are unconditionally resellable under Rule 144 of the 1933 Act.

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“Registration
Failure Liquidated Damages” shall have the meaning set forth in Section 4 below.

 

“Registration
Period” shall have the meaning set forth in Section 3(a).

 

“Registration
Shortfall” shall have the meaning set forth in Section 2(a) below.

 

"Registration
Statement(s)" means a registration statement(s) of the Company under the 1933 Act.

 

“Registration
Supplement” shall have the meanings set forth in Sections 3(b) and 3(g) below.

 

“Registration
Supplement Deadline” shall have the meanings set forth in Section 3(g).

 

“Registration
Trigger Date” shall have the meaning set forth in Section 3(c) below.

 

“Rule 424”
means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from
time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

“SEC”
shall mean the Securities and Exchange Commission.

 

“SEC Guidance”
means (i) the Securities Act, and (ii) any publicly-available written or oral guidance, comments, requirements or requests of the
Commission staff.

 

“SEC Share Reduction”
shall have the meaning ascribed to it in Section 2(b) below.

 

“SEC Staff”
shall mean the staff of the SEC.

 

“Shares”
shall mean the Commitment Shares, the Fee Shares and the Put Shares.

 

“Securities”
shall mean the Common Stock of the Company issuable pursuant to the Investment Agreement, including but not limited to the Commitment
Shares, the Fee Shares and the Put Shares.

 

“Transaction
Documents” shall have the meaning ascribed to it in the Investment Agreement.

 

2. REGISTRATION.

a. MANDATORY
REGISTRATION. Following the Investment Commitment Closing pursuant to the Investment Agreement, the Company shall prepare,
and, on or prior to the Initial Registration Filing Deadline (as defined above) file with the Commission a Registration Statement
on Form S-1 (or, if Form S-1 is not then available, on such form of Registration Statement as is then available to effect a registration
of the Registrable Securities, subject to the consent of the Holder, which consent will not be unreasonably withheld)(the “Initial
Registration Statement”) covering the resale of the Registrable Securities which Registration Statement, to the extent
allowable under the 1933 Act and the rules and regulations promulgated thereunder (including Rule 416), shall state that such Registration
Statement also covers such indeterminate number of additional shares of Common Stock as may become issuable to prevent dilution
resulting from stock splits, stock dividends or similar transactions and shall contain a plan of distribution reasonably acceptable
to the Holder. The number of shares of Common Stock initially included in such Initial Registration Statement shall be no less
than the Initial Registration Minimum. If any Registration Statement covers less than the total number of Registrable Securities,
a “Registration Shortfall” shall be said to have occurred.

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b. SEC SHARE
REDUCTION. Notwithstanding the foregoing, if the Company is advised by its counsel or the staff of the Commission in a written
comment letter or otherwise that the Staff or the SEC seeks to characterize any offering pursuant to
a Registration Statement filed pursuant to this Agreement as constituting an offering of securities that does not permit such Registration
Statement to become effective and be used for resales by the Investor on a delayed or continuous basis under Rule 415 at then-prevailing
market prices (and not fixed prices)(or as otherwise may be acceptable to the Investor), because of the number of shares
sought to be included in the Registration Statement, then the Company may reduce (an “SEC Share Reduction”)
the number of shares covered by such Registration Statement to the maximum number which would still upon the advice of counsel
enable the Staff and the SEC to allow the Company to conduct such offering in accordance with
the provisions of Rule 415 and to permit such Registration Statement to become effective and be used
as aforesaid. In the event of an SEC Share Reduction, (i) the inclusion of at least twenty five percent (25%) of the aggregate
of the Commitment Shares and the Fee Shares in such initial Registration Statement shall take precedence over any Put Shares and
shall not be cut back or removed from such Registration Statement until any Put Shares are cut back and removed from such Registration
Statement.

 

c. MISC. The Company
shall, as early as practicable on the Trading Day after the effective date of such Registration Statement, file a final Prospectus
with the Commission as required by Rule 424. The Company acknowledges that the number of shares initially included in each Registration
Statement represents a good faith estimate of the maximum number of Put Shares to be issued in addition to the Commitment Shares
and Fee Shares, and shall be amended if not sufficient. Each Registration Statement (and each amendment or supplement thereto,
and each request for acceleration of effectiveness thereof) shall be provided to (and subject to the approval of) the Investor
and its counsel prior to its filing or other submission. 

 

d.
PIGGY-BACK REGISTRATIONS. If at any time prior to the expiration of the Registration Period (as hereinafter defined) the Company
shall determine to file with the Commission a Registration Statement relating to an offering for its own account or the account
of others under the 1933 Act of any of its equity securities (other than on Form S-4 or Form S-8 or their then equivalents relating
to equity securities to be issued solely in connection with any acquisition of any entity or business or equity securities issuable
in connection with stock option or other employee benefit plans), the Company shall send to Investor written notice of such determination
and, if within fifteen (15) days after the effective date of such notice, the Investor shall so request in writing, the Company
shall include in such Registration Statement all or any part of the Registrable Securities which are not then registered for resale
pursuant to a current and effective Registration Statement, and which the Investor requests to be registered, except that if,
(i) inclusion of such shares would result in the offering not being Rule 415 Eligible, or (ii) in connection with any underwritten
public offering for the account of the Company, the managing underwriter(s) thereof shall impose a limitation on the number of
shares of Common Stock which may be included in the Registration Statement because, in such underwriter(s)' judgment, marketing
or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated to
include in such Registration Statement only such limited portion of the Registrable Securities with respect to which the Investor
has requested inclusion hereunder (i) as would enable the offering to be Rule 415 Eligible or (ii) as the underwriter shall permit;

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PROVIDED, HOWEVER,
that the Company shall not exclude any Registrable Securities unless the Company has first excluded all outstanding securities,
the holders of which are not entitled by contract to inclusion of such securities in such Registration Statement or are not entitled
to pro rata inclusion with the Registrable Securities; and

 

PROVIDED, FURTHER,
HOWEVER, that, after giving effect to the immediately preceding proviso, any exclusion of Registrable Securities shall be made
pro rata with holders of other securities having the contractual right to include such securities in the Registration Statement
other than holders of securities entitled to inclusion of their securities in such Registration Statement by reason of demand registration
rights. No right to registration of Registrable Securities under this Section 2(d) shall be construed to limit any registration
required under Sections 2(a) or 3 hereof. If an offering in connection with which the Investor is entitled to registration under
this Section 2(d) is an underwritten offering, then the Investor shall, unless otherwise agreed by the Company, offer and sell
such Registrable Securities in an underwritten offering using the same underwriter or underwriters and, subject to the provisions
of this Agreement, on the same terms and conditions as other shares of Common Stock included in such underwritten offering. Notwithstanding
anything to the contrary set forth herein, the registration rights of the Investor pursuant to this Section 2(d) shall only be
available in the event the Company fails to timely file, obtain effectiveness or maintain effectiveness of any Registration Statement
to be filed pursuant to Section 2(a) in accordance with the terms of this Agreement and shall terminate and be of no further force
and effect once the Company satisfies its obligations under this Agreement.

 

For any piggyback registration into which the
Investor’s shares are to be included, the Investor shall provide the underwriter with any information about the Investor
that is reasonably requested by the underwriter.

 

e.  ALLOWED
EXTENSION OF FILING DEADLINE.

 

A.           
Allowed Extension.   Notwithstanding the foregoing, the Company may delay the initial registration of Registrable
Securities pursuant to Section 2(a) hereof for the time periods described in this Section 2(e) hereof to the extent reasonably
necessary due to the occurrence of any of the following (each an “Allowed Extension” ):

 

(i)           
The Company shall have previously entered into an agreement or letter of intent contemplating an underwritten public offering on
a firm commitment basis of Common Stock or securities convertible into or exchangeable for Common Stock and the managing underwriter
of such proposed public offering advises the Company in writing that in its opinion such proposed underwritten offering would be
materially and adversely affected by a concurrent registered offering of Registrable Securities (such opinion to state the reasons
therefore);

 

(ii)          
During the two (2) month period immediately preceding such request, the Company shall have entered into an agreement or letter
of intent, which has not expired or otherwise terminated, contemplating a material business acquisition by the Company or its subsidiaries
whether by way of merger, consolidation, acquisition of assets, acquisition of securities or otherwise;

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(iii)         
The Company is in possession of material nonpublic information that the Company would be required to disclose in the Registration
Statement and that is not, but for the registration, otherwise required to be disclosed at the time of such registration, the disclosure
of which, in its good faith judgment, would have a material adverse effect on the business, operations, prospects or competitive
position of the Company;

 

(iv)        
The Company shall receive the written opinion of the managing underwriter of the underwritten public offering pursuant to which
Common Stock has been registered within the three (3) month period prior to the receipt of a registration request that the registration
of additional Common Stock will materially and adversely affect the market for the Common Stock (such opinion to state the reasons
therefore); or

 

(v)         
At the time of receipt of a registration request, the Company is engaged, or its board of directors has adopted by resolution a
plan to engage, in any program for the purchase of Common Stock or securities convertible into or exchangeable for Common Stock
and, in the opinion of counsel, reasonably satisfactory to the requesting Holders, the distribution of the Common Stock to be registered
would cause such purchase to be in violation of Regulation M promulgated under the Exchange Act.

 

B.        
Period of Delay.  If an event described in clauses (i) through (iv) of Section 2(e) shall occur, the Company may, by
written notice to the Holders, delay the filing of a Registration Statement with respect to the Registrable Securities to be covered
thereby for a period of time not exceeding an aggregate of sixty (60) days.  If an event described in clause (v) of this Section
2(e) shall occur, the filing of a Registration Statement with respect to the Registrable Securities to be covered thereby shall
be delayed until the first date that the Registrable Securities to be covered thereby can be sold without violation of Regulation
M of the Exchange Act.  Notwithstanding the above, (i) no Allowable Extension shall be allowed (and any Allowable Extension
that is then in progress shall be terminated) if a Legend Removal Condition (as defined in the Investment Agreement) has been met
and the Company has failed or refused to remove restrictive legends from common stock of the Investor pursuant to the terms of
the Investment Agreement and  (ii)_the Allowable Extension shall apply only to registrations of new or additional securities
and shall expressly not apply to any supplement or amendment to an existing registration statement that the Company is required
to file in order to keep such existing registration statement current and effective.

 

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3. OBLIGATIONS OF THE
COMPANY. In connection with the registration of the Registrable Securities, the Company shall have the following obligations:

 

a. The Company shall prepare
promptly, and file with the Commission as soon as practicable after the date of the Closing under the Investment Agreement (the
"Closing Date") (but no later than the Filing Deadline), Registration Statements with respect to the number of
Registrable Securities provided in Section 2(a), and thereafter use its best efforts to cause each such Registration Statement
relating to Registrable Securities to become effective as soon as possible after such filing, but in any event shall cause each
such Registration Statement relating to Registrable Securities to become effective no later than the Effectiveness Deadline, and,
subject to any Allowed Delay, the Company shall keep the Registration Statement current and effective (and
the prospectus contained therein available for use) pursuant to Rule 415 for resales by the Investor
on a delayed or continuous basis at then-prevailing market prices (and not fixed prices) at all times until such date as
is the earlier of (i) the date on which all of the Registrable Securities for such Registration Statement have been sold and (ii)
the date on which all of the Registrable Securities for such Registration Statement (as determined by the counsel to the Company
pursuant to a written opinion letter to such effect, addressed and acceptable to the Company's transfer agent and the affected
Holder) may be immediately sold to the public without registration or restriction (including without limitation as to volume by
each holder thereof), pursuant to Rule 144 and without the need for current public information
as required by Rule 144(c)(1) (or Rule 144(i)(2), if applicable) (the "Registration Period").
Notwithstanding anything to the contrary contained in this Agreement, the Company shall ensure that,
when filed and at all times while effective, each Registration Statement (including, without limitation, all amendments and supplements
thereto) and the prospectus (including, without limitation, all amendments and supplements thereto) used in connection with such
Registration Statement (1) shall not contain any untrue statement of a material fact or omit to state a material fact required
to be stated therein, or necessary to make the statements therein (in the case of prospectuses, in the light of the circumstances
in which they were made) not misleading and (2) will disclose (whether directly or through incorporation by reference to other
SEC filings to the extent permitted) all material information regarding the Company and its securities. 

 

b. The Company shall
prepare and file with the Commission such amendments (including post-effective amendments) and supplements (collectively, “Registration
Supplements”) to each Registration Statement and the prospectus used in connection with the Registration Statements,
which prospectus is to be filed pursuant to Rule 424 promulgated under the Securities Act,
as may be necessary to keep the Registration Statements current and effective at all times during the Registration Period and as
required by applicable securities regulations, and during such period, comply with the provisions of the 1933 Act with respect
to the disposition of all Registrable Securities of the Company covered by the Registration Statements until such time as all of
such Registrable Securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers
thereof as set forth in the Registration Statements. In the case of amendments and supplements to any
Registration Statement which are required to be filed pursuant to this Agreement (including, without limitation, pursuant to
this Section 3(b)) by reason of the Company filing a report on Form 10-Q or Form 10-K or any analogous report
under the 1934 Act, the Company shall have incorporated such report by reference into such Registration Statement,
if applicable, or shall file such amendments or supplements with the SEC on the same day on which the 1934 Act report is filed
which created the requirement for the Company to amend or supplement such Registration Statement. The Company consents to the use
of the prospectus (including, without limitation, any supplement thereto) included in each Registration Statement in accordance
with the provisions of the Securities Act and with the securities or “blue sky” laws of the jurisdictions in which
the Registrable Securities may be sold by the Investor, in connection with the resale of the Registrable Securities and for such
period of time thereafter as such prospectus (including, without limitation, any supplement thereto) (or in lieu thereof, the notice
referred to in Rule 173(a) under the Securities Act) is required by the Securities Act to be delivered in connection
with resales of Registrable Securities. 

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c.
In the event that, whether due to a Registration Shortfall or an SEC Share Reduction or otherwise, the Initial Registration
Statement or any Additional Registration does not initially cover, or at any time does not cover, the resale of all Registrable
Securities (the date of each of which is referred to as a “Registration Trigger Date”), or in the event that
on any Trading Day (as defined in the Investment Agreement) (each such Trading Day is also referred to as a "Registration
Trigger Date") the number of shares available under a Registration Statement filed pursuant to this Agreement is otherwise
insufficient to cover all of the Registrable Securities issued or issuable pursuant to the Transaction Documents, the Company shall
amend the Registration Statement, or file a new Registration Statement (on the short form available therefore, if applicable),
or both (each, an “Additional Registration Statement”), so as to cover at least 100% of the total number of
Registrable Securities so issued or issuable as of the Registration Trigger Date (subject to an SEC Share Reduction, if applicable).
The Company shall prepare and file each Additional Registration Statement as soon as practicable following any Registration Trigger
Date, but not later than the date that is sixty (60) days following the applicable Registration Trigger Date (the “Additional
Registration Filing Deadline”) until such time as all Registrable Securities have been included
in Registration Statements that have been declared effective and the prospectus contained therein is available for use by the Investor,
provided that, if Cutback Shares are required to be included in the Additional Registration Statement, the “Additional
Registration Filing Deadline” shall mean the later of (i) the date that is sixty (60) days after the date substantially
all (as such term is then interpreted by the Commission) of the Registrable Securities registered under
the immediately preceding Registration Statement are sold and (ii) the date that is six (6) months following the date of
effectiveness of the most recently effective Registration Statement or Additional Registration Statement filed hereunder. 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, but in any event the Company shall cause such amendment and/or new Registration Statement to become
effective by the 120th calendar day following the date on which an additional Registration Statement is required to be filed hereunder
(or the 150th calendar day after such date in the event that such Registration Statement is subject
to review by the SEC) (the “Additional Registration Effectiveness Deadline”) or as promptly as practicable
in the event the Company is required to increase its authorized shares.

 

d. The Company shall furnish
to the Investor and its legal counsel (i) promptly after the same is prepared and publicly distributed, filed with the Commission,
or received by the Company, one copy of each Registration Statement and any amendment thereto, each preliminary prospectus and
prospectus and each amendment or supplement thereto, and, in the case of the Registration Statement referred to in Section 2(a),
each letter written by or on behalf of the Company to the Commission or the staff of the Commission, and each item of correspondence
from the Commission or the staff of the Commission, in each case relating to such Registration Statement (other than any portion
of any thereof which contains information for which the Company has sought confidential treatment), and (ii) such number of copies
of a prospectus, including a preliminary prospectus, and all amendments and supplements thereto and such other documents as the
Investor may reasonably request in order to facilitate the disposition of the Registrable Securities owned by the Investor. The
Company will immediately notify the Investor in writing of the effectiveness of each Registration Statement or any post-effective
amendment. The Company will promptly respond to any and all comments received from the Commission, with a view towards causing
each Registration Statement or any amendment thereto to be declared effective by the Commission as soon as practicable and shall
file an acceleration request as soon as practicable, but no later than five (5) business days (the "Acceleration Request
Deadline") following the resolution or clearance of all Commission comments or, if applicable, following notification
by the Commission that any such Registration Statement or any amendment thereto will not be subject to review.

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e. The Company shall use
reasonable best efforts to (i) register and qualify the Registrable Securities covered by the Registration Statements under such
other securities or "blue sky" laws of such jurisdictions in the United States as the Investor shall reasonably request,
(ii) prepare and file in those jurisdictions such amendments (including post-effective amendments) and supplements to such registrations
and qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period, (iii) take such other
actions as may be necessary to maintain such registrations and qualifications in effect at all times during the Registration Period,
and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions;

 

f.    Within one (1) Business
Day after each Registration Statement which covers Registrable Securities is declared effective by the SEC, the Company shall deliver,
and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities (with copies to
the Investor) confirmation that such Registration Statement has been declared effective by the SEC in the form (“Notice
of Effectiveness of Registration Statement”) attached hereto as Exhibit A.

 

g. As promptly as practicable
after becoming aware of such event, the Company shall notify the Investor of the happening of any event, of which the Company has
knowledge, as a result of which the prospectus included in any Registration Statement, as then in effect, includes an untrue statement
of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein
not misleading, and use its best efforts to promptly, but in any event within two (2) business days of its knowledge of such event
(the “Registration Supplement Deadline”), prepare and file a supplement or amendment to any Registration Statement
(also, a “Registration Supplement”) to correct such untrue statement or omission, and deliver such number of
copies of such supplement or amendment and the related prospectus supplement to the Investor as the Investor may reasonably request;
provided that, for not more than ten (10) consecutive days (or a total of not more than twenty (20) days in any twelve (12) month
period), the Company may delay the disclosure of material non-public information concerning the Company (as well as prospectus
or Registration Statement updating) the disclosure of which at the time is not, in the good faith opinion of the Company, in the
best interests of the Company (an "Allowed Delay"); provided, further, that the Company shall promptly (i) notify
the Investor in writing of the existence of (but in no event, without the prior written consent of the Investor, shall the Company
disclose to the Investor any of the facts or circumstances regarding) material non-public information giving rise to an Allowed
Delay and (ii) advise the Investor in writing to cease all sales under such Registration Statement until the end of the Allowed
Delay, provided the above actions are consistent with the requirements of the 1933 Act and/or 1934 Act or other applicable law.
Upon expiration of the Allowed Delay (and the Investor shall cease all such sales under the Registration Statement upon receipt
of such notification from the Company until the end of the Allowed Delay, but the Investor shall not be required to cease any sales
allowed under Rule 144, the Company shall again be bound by the first sentence of this Section 3(g) with respect to the information
giving rise thereto.

 

h. The Company shall use
its best efforts to prevent the issuance of any stop order or other suspension of effectiveness of any Registration Statement,
and, if such an order is issued, to obtain the withdrawal of such order at the earliest possible moment and to notify the Investor
who holds Registrable Securities being sold (or, in the event of an underwritten offering, the managing underwriters) of the issuance
of such order and the resolution thereof.

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i. The Company shall permit
a single firm of counsel designated by the Investor to review such Registration Statement and all amendments and supplements thereto
(as well as all requests for acceleration or effectiveness thereof), at Investor’s own cost, a reasonable period of time
prior to their filing with the Commission (not less than two (2) business days but not more than five (5) business days) and not
file any document in a form to which such counsel reasonably objects and will not request acceleration of such Registration Statement
without prior notice to such counsel.

 

j. The Company shall hold
in confidence and not make any disclosure of information concerning the Investor provided to the Company unless (i) disclosure
of such information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information is necessary
to avoid or correct a misstatement or omission in any Registration Statement, (iii) the release of such information is ordered
pursuant to a subpoena or other order from a court or governmental body of competent jurisdiction, or (iv) such information has
been made generally available to the public other than by disclosure in violation of this or any other agreement. The Company agrees
that it shall, upon learning that disclosure of such information concerning the Investor is sought in or by a court or governmental
body of competent jurisdiction or through other means, give prompt notice to the Investor prior to making such disclosure, and
allow the Investor, at its expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for,
such information.

 

k. If the Company becomes
eligible for listing on a national securities exchange, the Company shall use its best efforts to (i) cause all the Registrable
Securities covered by the Registration Statement to be listed on each national securities exchange on which securities of the same
class or series issued by the Company are then listed, if any, if the listing of such Registrable Securities is then permitted
under the rules of such exchange, or (ii) to the extent the securities of the same class or series are not then listed on a national
securities exchange, secure the designation and quotation, of all the Registrable Securities covered by the Registration Statement
on the Nasdaq Global Select Market or, if not eligible for the or the Nasdaq Global Select Market on the Nasdaq Global Market or,
if not eligible for the Nasdaq Global Market, on the Over the Counter electronic bulletin board and, without limiting the generality
of the foregoing, to arrange for at least two market makers to register with FINRA as such with respect to such Registrable Securities.

 

l. The Company shall provide
a transfer agent and registrar, which may be a single entity, for the Registrable Securities not later than the effective date
of the Registration Statement.

 

m. The Company shall cooperate
with the Investor who holds Registrable Securities being offered and the managing underwriter or underwriters, if any, to facilitate
the timely preparation and delivery of certificates (not bearing any restrictive legends) representing Registrable Securities to
be offered pursuant to such Registration Statement and enable such certificates to be in such denominations or amounts, as the
case may be, as the managing underwriter or underwriters, if any, or the Investor may reasonably request and registered in such
names as the managing underwriter or underwriters, if any, or the Investor may request, and, within five (5) business days after
a Registration Statement which includes Registrable Securities is ordered effective by the Commission, the Company shall deliver,
and shall cause legal counsel selected by the Company to deliver, to the transfer agent for the Registrable Securities (with copies
to the Investor) an appropriate instruction and an opinion of such counsel in the form required by the transfer agent in order
to issue the Registrable Securities free of restrictive legends.

    	11

    	 

    

n. At the request of the
Holder, the Company shall prepare and file with the Commission such amendments (including post-effective amendments) and supplements
to a Registration Statement and any prospectus used in connection with the Registration Statement as may be necessary in order
to change the plan of distribution set forth in such Registration Statement, provided that if such change is not legally necessary
in order for the Investors to timely sell their Registrable Securities, the Company shall not be required to effect such amendments
if they will impose any additional requirements, including costs, on the Company.

 

o. The Company shall take
all other reasonable actions necessary to expedite and facilitate disposition by the Investor of Registrable Securities pursuant
to a Registration Statement.

 

p. The Company shall comply
with all applicable laws related to a Registration Statement and offering and sale of securities and all applicable rules and regulations
of governmental authorities in connection therewith (including without limitation the 1933 Act and the 1934 Act and the rules and
regulations promulgated by the Commission).

 

q.  Further
Registration Statements. Except for a registration statement filed on behalf of the Investor pursuant to Section 2 or Section
3 of this Agreement, and except for an underwritten public offering, the Company will not file any registration statements or amend
(in such a manner as to increase the number of shares registered) any already filed registration statement with the Commission
or with state regulatory authorities without the consent of the Investor until the expiration of the "Exclusion Period,"
which shall be defined as the sooner of (i) the date that the Registration Statement shall have been current and available for
use in connection with the resale of the Registrable Securities for a period of 180 days, or (ii) until all the Shares have
been resold or transferred by the Subscribers pursuant to the Registration Statement or are eligible for immediate unrestricted
resale pursuant to Rule 144, without volume limitations.

 

r. No Piggyback On Registrations.
Except for legally required amendments or supplements to the existing registration statement, neither the Company nor any of its
security holders (other than the Holder in such capacity pursuant hereto) may include securities of the Company in a Registration
Statement (including but not limited to any Registration Statement under Section 2(a) hereof or any amendment or supplement thereto
under Section 3(b) or 3(g) hereof) or an Additional Registration Statement, other than the Registrable Securities, and the Company
shall not during the Registration Period enter into any agreement providing any such right to any of its security holders. In addition,
the Company shall not offer any securities for its own account or the account of others in any Registration Statement under Section
2(a) hereof or any amendment or supplement thereto under Section 3(b) hereof without the consent of the Holder.

 

4. REGISTRATION
FAILURE. If, while any Put Shares are outstanding: 

 (i) after the effective
date of a Registration Statement, such Registration Statement ceases for any reason to remain continuously effective as to all
Registrable Securities included in such Registration Statement, or the Holder is otherwise not permitted to utilize the Prospectus
therein to resell such Registrable Securities, for more than ten (10) consecutive calendar days or more than an aggregate of twenty
(20) calendar days (which need not be consecutive calendar days) during any 12-month period unless such Registrable Securities
can be sold without registration under Rule 144, or

    	12

    	 

    

(ii) any Additional
Registration Statement required to be filed hereunder is not filed by the applicable Additional Registration Filing Deadline or
it is not declared effective by the applicable Additional Registration Effectiveness Deadline, or

 

(iii) any Registration
Supplement required to be filed hereunder is not filed by the applicable Registration Supplement Deadline,

 

(any such failure
or breach in (i) – (iii) above being referred to as a “Registration Failure,” and the date of each such
failure being referred to as a “Registration Failure Date”), then, in addition to any other rights the Holder
may have hereunder or under applicable law, on each such Registration Failure Date and on each monthly anniversary of each such
Registration Failure Date (if the applicable Registration Failure shall not have been cured by such date) until the applicable
Registration Failure is cured, the Company shall pay to each Holder an amount (“Registration Failure Liquidated Damages”)
in cash, as liquidated damages and not as a penalty, equal to 2% of the aggregate purchase price paid by such Holder pursuant
to the Investment Agreement for any unregistered Put Shares that are Registrable Securities then held by such Holder and which
shares were issued to the Holder during the preceding three (3) calendar months, until such time as the Registrable Securities
either become registered for resale or become immediately resellable under Rule 144 without conditions or restrictions.

 

Notwithstanding (i)
– (vii) above, the Company shall not be liable for Registration Failure Liquidated Damages if (1) the Company makes all
filings as and when required by this Agreement, (2) the Company responds to any comments from the SEC regarding a Registration
Statement within ten (10) days of the date of receipt of such comments, and (3) uses its best efforts to have the subject Registration
Statement declared effective for the number of shares required hereunder as quickly as reasonably possible. Registration Failure
Liquidated Damages shall be due and payable by the fifth (5th) day of the calendar month in which they accrue. If the
Company fails to pay any liquidated damages pursuant to this Section in full within five (5) days after the date payable, the
Company will pay interest thereon at a rate of 18% per annum (or such lesser maximum amount that is permitted to be paid by applicable
law) to the Holder, accruing daily from the date such liquidated damages are due until such amounts, plus all such interest thereon,
are paid in full. The liquidated damages pursuant to the terms hereof shall apply on a daily pro rata basis for any portion of
a month prior to the cure of a Registration Failure.

 

5. OBLIGATIONS OF THE
INVESTOR. In connection with the registration of the Registrable Securities, the Investor shall have the following obligations:

 

a. It shall be a condition
precedent to the obligations of the Company to complete the registration pursuant to this Agreement with respect to the Registrable
Securities of the Investor that the Investor shall furnish to the Company such information regarding itself, the Registrable Securities
held by it and the intended method of disposition of the Registrable Securities held by it as shall be reasonably required to effect
the registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company
may reasonably request. At least three (3) business days prior to the first anticipated filing date of the Registration Statement,
the Company shall notify the Investor of the information the Company requires from each Investor.

    	13

    	 

    

b. The Investor, by the
Investor's acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably requested by the Company
in connection with the preparation and filing of the Registration Statements hereunder, unless the Investor has notified the Company
in writing of the Investor's election to exclude all of the Investor's Registrable Securities from the Registration Statements.

 

c. In the event of an
underwritten offering pursuant to Section 2(d) in which any Registrable Securities are to be included, the Investor agrees to enter
into and perform the Investor's obligations under an underwriting agreement, in usual and customary form, including, without limitation,
customary indemnification and contribution obligations, with the managing underwriter of such offering and take such other actions
as are reasonably required in order to expedite or facilitate the disposition of the Registrable Securities, unless the Investor
has notified the Company in writing of the Investor's election to exclude all of the Investor's Registrable Securities from such
Registration Statement.

 

d. The Investor agrees
that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3(g), the Investor
will immediately discontinue disposition of Registrable Securities pursuant to the Registration Statement covering such Registrable
Securities until the Investor's receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(g) and,
if so directed by the Company, the Investor shall deliver to the Company (at the expense of the Company) or destroy (and deliver
to the Company a certificate of destruction) all copies in the Investor's possession, of the prospectus covering such Registrable
Securities current at the time of receipt of such notice.

 

e. No Investor may participate
in any underwritten registration hereunder unless the Investor (i) agrees to sell the Investor's Registrable Securities on the
basis provided in any underwriting arrangements in usual and customary form entered into by the Company, (ii) completes and executes
all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the
terms of such underwriting arrangements, and (iii) agrees to pay its pro rata share of all underwriting discounts and commissions
and any expenses in excess of those payable by the Company pursuant to Section 6 below.

 

f. If so requested by
the Company, Holder agrees to furnish to the Company a completed questionnaire in substantially the form attached to this Agreement
as Exhibit B (a “Selling Shareholder Questionnaire”) by the end of the third (3rd) Trading
Day following the date on which such Holder receives draft materials in accordance with this Section.

 

6. EXPENSES OF REGISTRATION.
All reasonable expenses, other than underwriting discounts and commissions, incurred in connection with registrations, filings
or qualifications pursuant to Sections 2 and 3, including, without limitation, all registration, listing and qualification fees,
printers and accounting fees, the fees and disbursements of counsel for the Company shall be borne by the Company.

 

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

    	14

    	 

    

a. To the extent permitted
by law, the Company will indemnify, hold harmless and defend (i) the Investor, (ii) the directors, officers, partners, managers,
members, employees, agents and each person who controls any Investor within the meaning of the 1933 Act or the 1934 Act, if any,
(iii) any underwriter (as defined in the 1933 Act) for the Investor in connection with an underwritten offering pursuant to Section
2(d) hereof, and (iv) the directors, officers, partners, employees and each person who controls any such underwriter within the
meaning of the 1933 Act or the 1934 Act, if any (each, an "Indemnified Person"), against any joint or several
losses, claims, damages, liabilities or expenses (collectively, together with actions, proceedings or inquiries by any regulatory
or self-regulatory organization, whether commenced or threatened, in respect thereof, "Claims") to which any of
them may become subject insofar as such Claims arise out of or are based upon: (i) any untrue statement or alleged untrue statement
of a material fact in a Registration Statement or the omission or alleged omission to state therein a material fact required to
be stated 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 light of the circumstances under which the statements therein were made, not misleading; or (iii) any violation or
alleged violation by the Company of the 1933 Act, the 1934 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 (the matters in the foregoing
clauses (i) through (iii) being, collectively, "Violations"). The Company shall reimburse the Indemnified Person,
promptly as such expenses are incurred and are due and payable, for any reasonable 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 7(a): (i) shall not apply to a Claim arising out of or based upon a Violation
to the extent that it occurs due to the inclusion by the Company in a Registration Statement of false or misleading information
about the Investor, where such information was furnished in writing to the Company by the Investor for the purpose of inclusion
in such Registration Statement or any such amendment thereof or supplement thereto; (ii) 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; and (iii) with respect to any preliminary prospectus, shall not inure to the benefit of any Indemnified Person if the
untrue statement or omission of material fact contained in the preliminary prospectus was corrected on a timely basis in the prospectus,
as then amended or supplemented, such corrected prospectus was timely made available by the Company pursuant to Section 3 hereof,
and the Indemnified Person was promptly advised in writing not to use the incorrect prospectus prior to the use giving rise to
a Violation and such Indemnified Person, notwithstanding such advice, used it. 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 Investor pursuant to Section 10.

 

b. Promptly after receipt
by an Indemnified Person under this Section 7 of notice of the commencement of any action (including any governmental action),
such Indemnified Person shall, if Claim in respect thereof is to be made against any the Company under this Section 7, deliver
to the Company a written notice of the commencement thereof, and the Company shall have the right to participate in, and, to the
extent the Company so desires, to assume control of the defense thereof with counsel mutually satisfactory to the Company and the
Indemnified Person, as the case may be.

    	15

    	 

    

PROVIDED, HOWEVER,
that an Indemnified Person shall have the right to retain its own counsel with the fees and expenses to be paid by the Company,
if, in the reasonable opinion of counsel retained by the Company, the representation by such counsel of the Indemnified Person
and the Company would be inappropriate due to actual or potential differing interests between such Indemnified Person and any other
party represented by such counsel in such proceeding. The Company shall pay for only one separate legal counsel for the Indemnified
Persons, and such legal counsel shall be selected by Investor and shall be reasonably acceptable to the Company, if the Investor
is entitled to indemnification hereunder. The failure to deliver written notice to the Company within a reasonable time of the
commencement of any such action shall not relieve the Company of any liability to the Indemnified Person under this Section 7,
except to the extent that the Company is actually prejudiced in its ability to defend such action. The indemnification required
by this Section 7 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as
such expense, loss, damage or liability is incurred and is due and payable.

 

c. To the extent permitted
by law, but in an aggregate amount not to exceed the Investor’s Subscription Amount (as defined in the Investment Agreement)
the Investor will indemnify, hold harmless and defend (i) the Company, and (ii) the directors, officers, partners, managers, members,
employees, or agents of the Company, if any (each, a "Company Indemnified Person"), against any joint or several
losses, claims, damages, liabilities or expenses (collectively, together with actions, proceedings or inquiries by any regulatory
or self-regulatory organization, whether commenced or threatened, in respect thereof, "Claims") to which any of
them may become subject insofar as such Claims arise out of or are based upon a Claim arising out of or based upon any violation
or alleged violation by the Company of the 1933 Act, the 1934 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, which occurs due to the
inclusion by the Company in a Registration Statement of false or misleading information about the Investor, where such information
was furnished in writing to the Company by the Investor for the purpose of inclusion in such Registration Statement.

 

8. CONTRIBUTION.
To the extent any indemnification by the Company is prohibited or limited by law, the Company agrees to make the maximum contribution
with respect to any amounts for which it would otherwise be liable under Section 7 to the fullest extent permitted by law, based
upon a comparative fault standard.

 

9. REPORTS UNDER THE
1934 ACT. With a view to making available to the Investor the benefits of Rule 144 promulgated under the 1933 Act or any other
similar rule or regulation of the Commission that may at any time permit the Investor to sell securities of the Company to the
public without registration ("Rule 144"), 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 1933 Act and the 1934 Act so long as the Company
remains subject to such requirements (it being understood that nothing herein shall limit the Company's obligations under Section
4(c) of the Investment Agreement) and the filing of such reports and other documents is required for the applicable provisions
of Rule 144; and

    	16

    	 

    

c. furnish to the Investor
so long as the Investor owns Registrable Securities, promptly upon written request, (i) a written statement by the Company that
it has complied with the reporting requirements of Rule 144, the 1933 Act and the 1934 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, and (iii) such other information
as may be reasonably requested to permit the Investors to sell such securities pursuant to Rule 144 without registration.

 

10. [Omitted].

 

11. AMENDMENT OF REGISTRATION
RIGHTS. Provisions of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular
instance and either retroactively or prospectively), only with written consent of the Company, and the Holder. Any amendment or
waiver effected in accordance with this Section 11 shall be binding upon the Investor and the Company.

 

12. MISCELLANEOUS.

 

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

 

b. Any notices required
or permitted to be given under the terms hereof shall be sent by certified or registered mail (return receipt requested) or delivered
personally or by courier (including a recognized overnight delivery service) or by facsimile and shall be effective five days after
being placed in the mail, if mailed by regular United States mail, or upon receipt, if delivered personally or by courier (including
a recognized overnight delivery service) or by facsimile, in each case addressed to a party. The addresses for such communications
shall be:

 

If to the Company: To the address set forth
immediately below such

Company’s name on the signature pages
hereto.

 

Vendum Batteries Inc.

Attn: Fraser Cottington, CEO & President

400 Thames Valley Park Drive

Reading, RG6 1PT United Kingdom

Phone: 44 11 8380 0895

Fax:

Email: f.cottington@vendumbatteries.com

 

With copy to:

 

Gracin & Marlow, LLP

405 Lexington Avenue, 26th Floor

New York, New York 10174

Telephone Number: (212) 907-6457

Fax: (212) 208-4657

lmarlow@gracinmarlow.com

 

    	17

    	 

    

 

If to a Investor: To the address set forth immediately
below such Investor's name on the signature pages hereto.

 

Each party shall provide notice to the other
party of any change in address.

 

c. Failure of any party
to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall
not operate as a waiver thereof.

 

d. Governing Law.
All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and
construed and enforced in accordance with the internal laws of the State of Georgia, without regard to the principles of conflicts
of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions
contemplated by this Agreement (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders,
employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City of Atlanta, Georgia. Each
party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of Atlanta,
Georgia, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or
discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives,
and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of
any such court, that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby
irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing
a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address
in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process
and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner
permitted by law. The parties hereby waive all rights to a trial by jury. If either party shall commence an action or proceeding
to enforce any provisions of the this Agreement, then the prevailing party in such action or proceeding shall be reimbursed by
the other party for its reasonable attorneys’ fees and other costs and expenses incurred with the investigation, preparation
and prosecution of such action or proceeding.

 

e. This Agreement and the
Investment Agreement (including all schedules and exhibits thereto) 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 Investment Agreement supersede all prior agreements and understandings
among the parties hereto with respect to the subject matter hereof and thereof.

    	18

    	 

    

f. Subject to the requirements
of Section 10 hereof, this Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the
parties hereto.

 

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

 

h. This Agreement may be
executed in two or more counterparts, each of which shall be deemed an original but all of which shall constitute one and the same
agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission of a
copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

i. Each party shall do and
perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements,
certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish
the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

j. The Company acknowledges
that a breach by it of its obligations hereunder could cause irreparable harm to the Investor by vitiating the intent and purpose
of the transactions contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for breach of its obligations
hereunder could be inadequate and agrees, in the event of a breach or threatened breach by the Company of any of the provisions
hereunder, that the Investor could be entitled, in addition to all other available remedies in law or in equity, to seek an injunction
or injunctions to prevent or cure breaches of the provisions of this Agreement and to seek to enforce specifically the terms and
provisions hereof, without the necessity of showing economic loss and without any bond or other security being required.

 

k. The language used in
this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction
will be applied against any party.

 

l. In the event that any
provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then such provision shall
be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or
rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect the validity or enforceability
of any other provision hereof.

 

m. There shall be no oral
modifications or amendments to this Agreement. This Agreement may be modified or amended only in writing.

 

[INTENTIONALLY LEFT BLANK]

 

    	19

    	 

    

IN WITNESS WHEREOF, the
undersigned Investors and the Company have caused this Amended and Restated Registration Rights to be duly executed as of the 3rd
day of June, 2011.

 

 

	
        COMPANY:

        VENDUM BATTERIES, INC.

         

         

        By: /s/ Fraser Cottington

Fraser Cottington, CEO & President

         

         

        ADDRESS:

        

        

        400 Thames Valley Park Drive

        Reading, RG6 1PT

        United Kingdom

        Phone: 44 11 8380 0895

        Facsimile:

         
	
        INVESTOR:

        CENTURION PRIVATE EQUITY, LLC

         

         

        By: /s/ Eric S. Swartz

Eric S. Swartz, Manager

         

         

        ADDRESS:

         

        1120 Sanctuary Parkway

        Suite 325

        Alpharetta, GA 30009

        Phone: 770-640-8130

        Facsimile: 770-777-5844

    	20

    	 

    

EXHIBIT A

 

FORM OF NOTICE OF EFFECTIVENESS

OF REGISTRATION STATEMENT 

 

 

	 	 
	 	 
	 	 
	 Attention:	 

 

 

Date: ___________

 

Re:         
Vendum Batteries, Inc.

 

Ladies and Gentlemen:

 

[We are][I am] counsel to Vendum Batteries, Inc.,
a Nevada corporation (the “Company”), and have represented the Company in connection with that certain
Investment Agreement, dated ) June 3, 2011 (the “ Investment Agreement ”), entered into by and among
the Company and the Investor named therein (the “Holder ”) pursuant to which the Company (i) will
issue to the Holder from time to time shares of the Company’s common stock, $0.001 par value per share (the “Common
Stock”), and (ii) has issued [_____________] shares of its Common Stock (the “Commitment Shares”)
and [______________] shares of its Common Stock (the “Fee Shares”) and. Pursuant to the Investment Agreement,
the Company also has entered into a Registration Rights Agreement with the Holder (the “Registration Rights Agreement”)
pursuant to which the Company agreed, among other things, to register the Registrable Securities (as defined in the Registration
Rights Agreement), including the Commitment Shares and the Fee Shares, under the Securities Act of 1933, as amended (the “Securities
Act”). In connection with the Company’s obligations under the Registration Rights Agreement, on June 3, 2011,
the Company filed a Registration Statement on Form S-     (File No. 333- ____________) (the
“ Registration Statement ”) with the Securities and Exchange Commission (the “ SEC ”)
relating to the Registrable Securities which names the Holder as an underwriter and a selling stockholder thereunder.

 

In connection with the foregoing, based solely
upon oral advice from the staff of the SEC, the Registration Statement was declared effective under the Securities Act on [ENTER
DATE OF EFFECTIVENESS], and no stop order suspending its effectiveness has been issued and no proceedings for that purpose have
been instituted or overtly threatened.

 

This letter shall serve as our standing opinion
to you that the shares of Common Stock are freely transferable by the Holder pursuant to the Registration Statement, provided the
Registration Statement remains effective.

 

		Very truly yours,
	 	 
		 [ ISSUER’S COUNSEL ] 
	 	 
		
         
        By:
	
	 	 	[NAME]

 

CC:         CENTURION
PRIVATE EQUITY, LLC 

    	21

    	 

    

EXHIBIT B

 

VENDUM BATTERIES, INC.

Selling Securityholder Notice and Questionnaire

 

The undersigned beneficial owner of common
stock (the “Registrable Securities”) of VENDUM BATTERIES, INC., a Nevada corporation (the “Company”),
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 Rule 415 of the Securities
Act of 1933, as amended (the “Securities Act”), of the Registrable Securities, in accordance with the terms of the
Registration Rights Agreement (the “Registration Rights Agreement”) to which this document is annexed. A copy of the
Registration Rights Agreement is available from the Company upon request at the address set forth below. 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 securityholder 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 securityholder in the Registration Statement and the related prospectus.

 

NOTICE

 

The undersigned beneficial owner (the “Selling
Securityholder”) of Registrable Securities hereby elects to include the Registrable Securities owned by it in the Registration
Statement.

 

The undersigned hereby provides the following
information to the Company and represents and warrants that such information is accurate:

 

1.Name.

 

(a)Full Legal Name of Selling Securityholder

 

(b)Full Legal Name of Registered Holder
(if not the same as (a) above) through which Registrable Securities are held:

 

(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 this Questionnaire):

    	22

    	 

    

2. Address for Notices to Selling Securityholder:

 

Telephone:

Fax:

Contact Person:

 

3. Broker-Dealer Status:

 

(a)Are you a broker-dealer?

Yes  No 

 

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

Yes  No 

Note:If “no” to Section
3(b), 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  No 

 

(d)If you are an affiliate of a broker-dealer,
do you certify that you purchased 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  No 

Note:If “no” to Section
3(d), the Commission’s staff has indicated that you should be identified as an underwriter in the Registration Statement.

 

4. Beneficial Ownership of Securities of the
Company Owned by the Selling Securityholder.

Except as set forth below in this Item 4, the
undersigned is not the beneficial or registered owner of any securities of the Company other than the securities issuable pursuant
to the Investment Agreement.

(a)Type and Amount of other securities
beneficially owned by the Selling Securityholder:

 

_______________________________________________

 

_______________________________________________

 

 

    	23

    	 

    

5. 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:

 

_____________________________________________

 

_____________________________________________

 

 

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 at any time
while the Registration Statement remains effective.

 

By signing below, the undersigned consents
to the disclosure of the information contained herein in its answers to Items 1 through 5 and the inclusion of such information
in the Registration Statement and the related prospectus and any amendments or supplements thereto. The undersigned understands
that such information will be relied upon by the Company in connection with the preparation or amendment of the Registration Statement
and the related prospectus.

 

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

	 Date:	 Beneficial Owner:	 
	 	 	 
	 	By:		
	 		Name:	
	 		Title	

 

 

PLEASE FAX A COPY OF THE COMPLETED AND EXECUTED
NOTICE AND QUESTIONNAIRE, AND RETURN THE ORIGINAL BY OVERNIGHT MAIL, TO:

 

[_________________________________________________________
]

    	24Exhibit 10.1

 

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT AGREEMENT (the "Agreement"),
dated as of September 1, 2007 by and between Thomas Kidrin (the "Executive") and Worlds.com, Inc., a New Jersey corporation
(the "Company").

 

W I T N E S S E T H:

 

WHEREAS, Executive and the Company desire to
enter into an Employment Agreement to provide for Executive's employment by the Company on the terms and subject to the conditions
set forth herein.

 

NOW, THEREFORE, in consideration of the mutual
promises, representations and warranties set forth herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

 

1.Offices and
Duties. The Company hereby employs Executive during the Term (as hereinafter defined) to serve as the Company’s President
and Chief Executive Officer and to perform such executive and supervisory duties on behalf of the Company as the Company’s
Board of Directors may from time to time reasonably direct. Executive hereby accepts such employment and agrees that throughout
the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform
the duties assigned to him or incidental to the offices assumed by him pursuant to this Section. Executive shall devote substantially
all of his business time and attention to the business and affairs of the Company, but Executive shall not be required to devote
any minimum amount of time or report or perform his duties hereunder on a fixed or periodic basis, and Executive may engage or
participate in such other activities incidental to any other employment, occupation or business venture or enterprise as do not
materially interfere with or compromise his ability to perform his duties hereunder. Executive shall at all times be subject to
the direction and control of the Company’s Board of Directors, and observe and comply with such rules, regulations, policies
and practices as the Company’s Board of Directors may from time to time establish.

2.Term. The
employment of Executive hereunder shall commence on the date hereof and end on August 31, 2012, provided, that Executive shall
have the right in his sole discretion to extend the term for an additional 12 months ending on August 31, 2013, by notifying
the Company in writing of such no later than June 1, 2012, subject in all respects to earlier termination upon the terms and
conditions provided elsewhere herein. The term during which Executive is employed hereunder shall be referred to herein as the
“Term”. As used herein, “Termination Date” means the last day of the Term.

    	(1)

    	 

    
 

3.Compensation.

(a)As compensation
for his services hereunder, the Company shall pay to Executive during the Term:

(i)a base salary
at the rate of $200,000 per annum (the “Base Salary”), such Base Salary to be paid in substantially equal installments
no less often than twice monthly;

(ii)the Base Salary
shall be increased by 10% on January 1 of each year of the Term over the prior year’s Base Salary;

(iii)a car allowance
in the amount of $1,000 per month, payable monthly;

(iv)a bonus (the
“2.5% Bonus”) in respect of each Bonus Period (as hereinafter defined), payable within ninety (90) days after the end
of such Bonus Period, in an amount equal to two and one-half percent (2.5%) of Pre-Tax Income (as hereinafter defined);

(v)a bonus (the “Additional
Bonus”) in respect of each Bonus Period, payable within ninety (90) days after the end of such Bonus Period, as follows:
(A) $75,000, if Pre-Tax Income for the Bonus Period is between 150% and 200% of the prior fiscal year’s Pre-Tax Income; or
(B) $100,000, if Pre-Tax Income for the Bonus Period is between 201% and 250% of the prior fiscal year’s Pre-Tax Income;
or (C) $200,000, if Pre-Tax Income for the Bonus Period is 251% or greater than the prior fiscal year’s Pre-Tax Income; but
in no event shall the Additional Bonus payable to Executive with respect to any Bonus Period exceed five (5%) percent of Pre-Tax
Income for such Bonus Period; and

(vi)such additional
incentive or bonus compensation as the Company’s Board of Directors may from time to time determine.

(b)For the purposes
of paragraph 3(a):

(i)“Bonus Period”
is a fiscal year of the Company ending during the Term; and

(ii)The “Pre-Tax
Income” in any Bonus Period is the Company’s income before provision for income taxes.

The determination of the Pre-Tax Income and the 2.5% Bonus
and Additional Bonus for any Bonus Period shall be determined by the Company’s then Chief Financial Officer (or other senior
most accounting official if no one holds a position with that title) in accordance with the Company’s audited financial statements
as prepared by the Company’s independent auditor, which shall be conclusive and binding upon the Company and Executive.

(c)The Company
shall provide major medical, hospitalization and dental insurance for the benefit of Executive and his family consistent with benefits
made available to other of the Company’s senior executives and if no such benefits are then available or paid to other executives,
than in amount of, and providing coverage for, no lesser benefits than Executive has prior to the date hereof, and the Company
shall pay all premiums and any other costs or expenses incurred to maintain such policies in effect during the Term.

(d)In addition
to his Base Salary and other compensation provided herein, Executive shall be entitled to participate, to the extent he is eligible
under the terms and conditions thereof, in any stock, stock option or other equity participation plan and any profit-sharing, pension,
retirement, insurance, medical service or other employee benefit plan generally available to the executive officers of the Company,
and to receive any other benefits or perquisites generally available to the executive officers of the Company pursuant to any employment
policy or practice, which may be in effect from time to time during the Term. The above notwithstanding, the Company shall use
its commercially reasonable efforts to obtain for the benefit of Executive a life insurance policy with a death benefit of at least
$2 million payable to a beneficiary of Executive’s choice, provided, however, that the Company shall not be obligated
to spend more than $10,000 annually on the premiums for such policy. Except as otherwise expressly provided herein, the Company
shall be under no obligation hereunder to institute or to continue any such employee benefit plan or employment policy or practice.

(e)No provision
hereof is intended, or shall be deemed, to impair or limit Executive’s eligibility to receive, or any right he may now or
at any time hereafter have to receive, hold or dispose of any common stock, par value $.001 per share, of the Company (the “Common
Stock”) or other securities of the Company or to receive, hold or exercise any options, warrants or other rights to acquire
any Common Stock or other securities of the Company.

(f)During the Term,
Executive shall not be entitled to additional compensation for serving in any office of the Company (or any subsidiary thereof)
to which he is elected or appointed, except that, throughout any period or periods during which he shall serve as a director of
the Company (or such subsidiary), Executive shall be entitled to directors’ fees in accordance with the policies and practices
of the Company (or such subsidiary) then in effect.

    	(2)

    	 

    
 

4.Stock Options.

(a)By its approval
of this Agreement, the Company’s Board of Directors has approved the issuance to Executive of an option to acquire 15,000,000
shares of the Company’s Common Stock, under and pursuant to the provisions of the Worlds.com, Inc. 2007 Stock Option Plan,
as adopted by the Company’s Board of Directors and as will be submitted to the Company’s Shareholders for approval
(the “Plan”) and on the terms set forth in the Stock Option Agreement annexed to this Agreement as Exhibit A (the “Option
Agreement”), which provides inter alia that such option shall vest as set forth below, and be exercisable at the exercise
price of $0.05 per share at any time during the five (5) year period following the date hereof (subject to earlier termination
as provided under the Plan):

(i)the option to acquire 5,000,000
shares shall vest immediately;

(ii)the option to acquire 5,000,000
shares shall vest on August 31, 2008; and

(iii)the option to acquire 5,000,000
shares shall vest on August 31, 2009.

 (b)The option being granted hereby
is subject in all respects to the terms and provisions of the Plan and the Option Agreement, including, without limitation, the
termination provisions contained in the Plan, and in the event of any conflict between the terms of this Agreement and the Plan
or the Option Agreement, the Plan or the Option Agreement shall control. The option granted hereby is also subject to the approval
of the Plan by the Company’s shareholders. It is the intention of the parties hereto that, to the extent possible, the options
granted herein shall be “incentive stock options” as such term is defined in the Internal Revenue Code of 1986 and
any of the terms of the options shall be modified, as minimally as necessary, to maintain their status as incentive stock options.

(c) Executive shall receive such
other option, restrictive stock awards or other security-based compensation as the Board of Directors shall approve.

5.Expense Allowance.
The Company shall pay directly, or advance funds to Executive or reimburse Executive for, all expenses reasonably incurred by him
in connection with the performance of his duties as an employee or consultant hereunder, upon the submission to the Company of
itemized expense reports, receipts or vouchers in accordance with its then customary policies and practices.

6.Location; Office.
Except for routine travel and temporary accommodation reasonably required to perform his services hereunder, Executive shall not
be required to perform his services hereunder at any location other than the principal executive office of the Company, which office
shall be located throughout the Term at its location on the date hereof, or, if relocated, at a location within a distance of 30
miles from its location on the date hereof, or at such other office or site to which Executive may, in his sole discretion, consent;
nor shall he be required to relocate his principal residence to, or otherwise to reside at, any location specified by the Company.
The Company shall provide Executive with suitable office space, furnishings and equipment, secretarial and clerical services and
such other facilities and office support as Executive may reasonably request.

7.Vacation.
Executive shall be entitled to four (4) weeks paid vacation during each year of his full time employment hereunder, such vacation
to be taken at such time or times as shall be agreed upon by Executive and the Company. Vacation time shall be cumulative from
year to year, except that Executive shall not be entitled to take more than six weeks vacation during any consecutive 12-month
period during the Term. Accrued but unused vacation time shall be paid in cash on the Termination Date, except that in the event
of a Termination pursuant to Section 12, the amount of accrued vacation time to be paid on the Termination Date shall be limited
to six weeks and in the event of a Termination pursuant to Section 13, the amount of vacation time to be paid on the Termination
Date shall be limited to four weeks.

8.Key-Man Insurance.
The Company shall have the right from time to time to purchase, increase, modify or terminate insurance policies on the life of
Executive for the benefit of the Company in such amounts as the Company may determine in its sole discretion. In connection therewith,
Executive shall, at such time or times and at such place or places as the Company may reasonably direct, submit himself to such
physical examinations and execute and deliver such documents as the Company may deem necessary or appropriate.

 

    	(3)

    	 

    

9.Trade Secrets.

(a)           
Executive shall hold in a fiduciary capacity for the benefit of the Company all confidential or proprietary information
relating to or concerned with the Company or its Affiliates (as defined below) or its products or services, prospective products
or services, operations, business and affairs (“Confidential Information”), and he shall not, at any time hereafter,
use or disclose any Confidential Information to any person other than to the Company or its designees or except as may otherwise
be required in connection with the business and affairs of the Company, and in furtherance of the foregoing Executive agrees that:

(i)Executive will
receive, maintain and hold Confidential Information in strict confidence and will use the same level of care in safeguarding it
that he uses with his own confidential material of a similar nature;

(ii) Executive will
take all such steps as may be reasonably necessary to prevent the disclosure of Confidential Information; and

(iii) Executive will
not utilize Confidential Information for his personal benefit without first having obtained the Company’s consent to such
utilization.

“Affiliate” of a Person means
another Person directly or indirectly controlling, controlled by, or under common control with, such Person; for this purpose,
“control” of a Person means the power (whether or not exercised) to direct the policies, operations or activities of
such Person by virtue of the ownership of, or right to vote or direct the manner of voting of, securities of such Person, or pursuant
to agreement or law or otherwise. The term “Person” includes without limitation a natural person, corporation, joint
stock company, limited liability company, partnership, joint venture, association, trust, governmental authority, or any group
of the foregoing acting in concert.

(b)           
The commitments set forth in paragraph 9(a) shall not extend to any portion of Confidential Information:

(i)that is generally
available to the public;

(ii)that was not
acquired, directly or indirectly and/or in any manner, from the Company and which Executive lawfully had in his possession prior
to the date of this Agreement; or

(iii)that, hereafter,
through no act or omission on the part of the Executive, becomes information generally available to the public.

(c) At any time
upon written request by the Company (i) the Confidential Information, including any copies, shall be returned to the Company, and
(ii) all documents, drawings, specifications, computer software, and any other material whatsoever in the possession of the Executive
that relates to such Confidential Information, including all copies and/or any other form of reproduction and/or description thereof
made by Executive shall, at the Company’s option, be returned to the Company or destroyed.

(d) In the event
that Executive becomes legally compelled (by deposition, interrogatory, request of documents, subpoena, civil investigative demand
or similar process) to disclose any of the Confidential Information, the Executive shall provide the Company with prompt prior
written notice of such requirement so that it (or its designees) may seek a protective order or other appropriate remedy and/or
waive compliance with the terms of this Agreement. In the event that such protective order or other remedy is not obtained, or
the Company waives compliance with the provisions hereof, the Executive agrees to furnish only such portion of the Confidential
Information which is legally required to be furnished.

10.Intellectual
Property. Any idea, invention, design, process, system, procedure, improvement, development or discovery conceived, developed,
created or made by Executive, alone or with others, during the Term and applicable to the business of the Company, whether or not
patentable or registrable, shall become the sole and exclusive property of the Company. Executive shall disclose the same promptly
and completely to the Company and shall, during the Term or thereafter, (i) execute all documents requested by the Company for
vesting in the Company the entire right, title and interest in and to the same, (ii) execute all documents requested by the Company
for filing and procuring such applications for patents, trademarks, service marks or copyrights as the Company, in its sole discretion,
may desire to prosecute, and (iii) give the Company all assistance it may reasonably require, including the giving of testimony
in any Proceeding (as defined below), in other to obtain, maintain and protect the Company’s right therein and thereto.

A “Proceeding” is any suit,
action, arbitration, audit, investigation or other proceeding before or by any court, magistrate, arbitration panel or other tribunal,
or any governmental agency, authority or instrumentality of competent jurisdiction.

    	(4)

    	 

    
 

11.No Competition.

(a)During the Restricted
Period (as defined below), Executive shall not, directly or indirectly:

(i)own, control,
manage, operate, participate or invest in, or otherwise be connected with, in any manner, any business activity, venture or enterprise
which is engaged in any business in the United States in which the Company (or any subsidiary thereof) is currently engaged or
is engaged at the time of termination of Executive’s employment hereunder, or

(ii)for himself or
on behalf of any other person, employ or engage any person who at the time shall have been within the preceding 12-month period
an employee of the Company (or such subsidiary) or contact any supplier, customer or employee of the Company (or such subsidiary)
for the purpose of soliciting or diverting any supplier, customer or employee from the Company (or such subsidiary).

(b)The provisions
of paragraph 11(a) notwithstanding, Executive may invest his funds in securities of an issuer if the securities of such issuer
are listed for trading on a registered securities exchange or actively traded in an over-the-counter market and Executive’s
holdings therein represent less than 5% of the total number of shares or principal amount of the securities of such issuer outstanding.

(c)Executive acknowledges
that the provisions of this Section, and the period of time, geographic area and scope and type of restrictions on his activities
set forth herein, are reasonable and necessary for the protection of the Company.

(d) “Restricted
Period” shall mean the period commencing on the date hereof and ending August 31, 2012; provided, however, that if Executive
has exercised his option to extend the Term to August 31, 2013 in accordance with Section 2 hereof, the Restricted Period shall
end August 31, 2014.

12.Termination
Upon Disability. In the event that the Board of Directors determines that the Executive is unable to perform his duties hereunder
by reason of any disability or incapacity (due to any physical or mental injury, illness or defect) for an aggregate of 180 days
in any consecutive 12-month period, the Company shall have the right to terminate Executive’s employment hereunder within
60 days after the 180th day of his disability or incapacity by giving Executive notice to such effect at least 30 days prior to
the date of termination set forth in such notice, and on such date such employment shall terminate. The Board of Directors’
determination shall be made after due inquiry, on the basis of convincing evidence presented in at least two medical opinions rendered
by reputable physicians with experience in diagnosing and treating the condition described in the opinion.

13.Termination
for Cause.

(a)In addition
to any other rights or remedies provided by law or in this Agreement, the Company may terminate Executive’s employment under
this Agreement if:

(i)Executive is convicted
of, or enters a plea of guilty or nolo contendere (which plea is not withdrawn prior to its approval by the court) to, a
felony offense or the commission of a fraud against, or embezzlement or misappropriation of funds or other assets of, the Company
(or any subsidiary thereof) and either Executive fails to perfect an appeal of such conviction prior to the expiration of the maximum
period of time within which, under applicable law or rules of court, such appeal may be perfected or, if Executive does perfect
such an appeal, his conviction of such as offense is sustained on appeal; or

(ii)the Company’s
Board of Directors determines, after due inquiry, based on convincing evidence, that Executive has:

(A)          
violated, or caused the Company (or any subsidiary thereof) or any officer, employee or other agent thereof, or any other
person to violate, any material law, regulation or ordinance or any material rule, regulation, policy or practice established by
the Company’s Board of Directors;

(B)          
willfully, or because of gross or persistent negligence, (x) failed properly to perform his duties hereunder or (y) acted
in a manner detrimental to, or adverse to the interests of, the Company; or

(C)          
violated, or failed to perform or satisfy any material covenant, condition or obligation required to be performed or satisfied
by Executive hereunder;

and that, in the case of any violation or failure referred
to in clause (A), (B) or (C) of this paragraph (ii) of Section 13(a), such violation or failure has caused, or is reasonably likely
to cause, the Company to suffer or incur a substantial casualty, loss, penalty, expense or other liability or cost.

    	(5)

    	 

    
 

(b)The Company
may effect such termination for cause by giving Executive notice to such effect, setting forth in reasonable detail the factual
basis for such termination, at least thirty (30) days prior to the date of termination set forth therein; provided, however,
that Executive may avoid such termination if Executive, prior to the date of termination set forth in such notice, explains to
the reasonable satisfaction of the Company’s Board of Directors why the facts relied upon by the Company in terminating Executive’s
employment do not constitute a For Cause Event (as defined below) or that Executive has ceased any such claimed violation and/or
cured any such failure to perform within such 20 day period.

(c)In making any
determination pursuant to Section 13(a) as to the occurrence of any act or event described in clauses (A) to (C) of paragraph (ii)
thereof (each, a “For Cause Event”), each of the following shall constitute convincing evidence of such occurrence:

(i)if Executive is
made a party to, or target of, any Proceeding arising under or relating to any For Cause Event, Executive’s failure to defend
against such Proceeding or to answer any complaint filed against him therein, or to deny any claim, charge, averment, or allegation
thereof asserting or based upon the occurrence of a For Cause Event;

(ii)any judgment,
award, order, decree or other adjudication or ruling in any such Proceeding finding or based upon the occurrence of a For Cause
Event; or

(iii)any settlement
or compromise of, or consent decree issued in, any such Proceeding in which Executive expressly admits the occurrence of a For
Cause Event;

provided that none of the foregoing shall be dispositive
or create an irrebuttable presumption of the occurrence of such For Cause Event; and provided further that the Company’s
Board of Directors may rely on any other factor or event as convincing evidence of the occurrence of a For Cause Event.

(d)In determining
and assessing the detrimental effect of any For Cause Event on the Company and whether such For Cause Event warrants the termination
of Executive’s employment hereunder, the Company’s Board of Directors shall take the following factors, to the extent
applicable and material, into account:

(i)whether the Company’s
Board of Directors directed or authorized Executive to take, or to omit to take, any action involved in such For Cause Event, or
approved, consented to or acquiesced in his taking or omitting to take such action;

(ii)any award of
damages, penalty or other sanction, remedy or relief granted or imposed in any Proceeding based upon or relating to such For Cause
Event, and whether such sanction, remedy or relief is sufficient to recompense the Company or any other injured person, or to prevent
or to deter the recurrence of such For Cause Event;

(iii)whether any
lesser sanction would be appropriate and effective; and

(iv)any adverse effect
that the loss of Executive’s services would have, or be reasonably likely to have, upon the Company.

14.Termination
by Executive for Good Reason. In addition to any other rights or remedies provided by law or in this Agreement, Executive may
terminate his employment hereunder:

(i)if (A) the Company
violates, or fails to perform or satisfy any material covenant, condition or obligation required to be performed or satisfied by
it hereunder or, (B) as a result of any action or failure to act by the Company, there is a material change in the nature or scope
of the duties, obligations, rights or powers of Executive’s employment, by giving the Company notice to such effect, setting
forth in reasonable detail the factual basis for such termination, at least thirty (30) days prior to the date of termination set
forth therein; provided however that the Company may avoid such termination if it, prior to the date of termination set
forth in such notice, cures or explains to the reasonable satisfaction of Executive the factual basis for termination set forth
therein; or

(ii)if a Change of
Control (as hereinafter defined) occurs while Executive is a full-time employee of the Company, by giving the Company notice to
such effect within ninety (90) days after the occurrence of such Change of Control, setting forth the event or circumstance constituting
such Change of Control, such termination to be effective upon the date of termination, not more than thirty (30) days after the
date of such notice, set forth therein or, if no such date is set forth therein, immediately upon delivery of such notice to the
Company.

    	(6)

    	 

    
 

15.Voluntary Termination.
In addition to any other rights or remedies provided by law or in this Agreement, from and after the date hereof, Executive may
terminate his employment hereunder by giving the Company written notice to such effect at least ninety (90) days prior to the date
of termination set forth therein.

16.Compensation
and Benefits upon Termination.

(a)Upon termination
of Executive’s employment hereunder, he shall be entitled to receive, in any case, any Base Salary pursuant to Section 3(a)(i)
accrued but unpaid to the Termination Date. Any amount payable to Executive under this subparagraph shall be paid promptly, and
in any event within thirty (30) days after the Termination Date.

(b)If Executive’s
employment is terminated as a result of a “For Cause Event” pursuant to Section 13, except for the payment of any amount
required to be made by Section 16(a), from and after the Termination Date, the Company shall have no further obligation to Executive
hereunder, including without limitation any obligation pursuant to Section 18.

(c)If the Executive’s
employment is terminated (i) by him pursuant to Section 14(i); or (ii) by the Company other than as a result of a “For
Cause Event” pursuant to Section 13; he shall be entitled to receive an amount equal to the full value of any Base Salary
still remaining until the end of the Term plus an amount equal to three times the Base Salary at the time of termination. Notwithstanding
the foregoing, if the Executive’s employment (but not consultancy) is terminated by the Company after a Change of Control
has occurred for any reason other than as a result of a “For Cause Event” pursuant to Section 13, he shall be entitled
to receive, upon the terms and subject to the conditions set forth in Section 17, the Parachute Amount (as hereinafter defined
in Section 17). Any amount payable to Executive under this subparagraph shall be paid promptly, and in any event within thirty
(30) days after the Termination Date.

(d)If the Executive’s
employment terminates as a result of a Change of Control pursuant to Section 14(ii), he shall be entitled to receive, upon the
terms and subject to the conditions set forth in Section 17, the Parachute Amount. Any amount payable to Executive under this subparagraph
shall be paid promptly, and in any event within thirty (30) days after the Termination Date.

(e)If the Executive’s
employment is terminated by him pursuant to Section 14(i) or 14(ii) of this Agreement, or by the Company other than as a result
of a “For Cause Event” pursuant to Section 13, or if the Executive voluntarily terminates his employment pursuant to
Section 15(a) of this Agreement, the Company shall for the two (2) year period following the Termination Date maintain and pay
for Executive and his family, or reimburse Executive, for the cost of medical, dental, and hospitalization benefits comparable
to such benefits maintained by the Company during the twelve (12) months prior to the Termination Date.

(f)Executive shall
have no obligation hereunder to seek or to accept any other employment after the Termination Date or otherwise to mitigate the
payments required to be made by this Section. No compensation or other amount received or receivable by Executive on account of
any employment or engagement after the Termination Date shall be offset against or deducted from any payment required to be made
by this Section 16 or Section 17.

(g)In the event
the Company terminates Executive other than as a result of a “For Cause Event” pursuant to Section 13, or if the Executive’s
employment is terminated by him pursuant to Section 14(i) or 14(ii) of this Agreement, Executive shall receive as his sole and
exclusive remedy and damages the payments he would otherwise be entitled to receive under the applicable provisions of this Section
16 (and, if applicable, the other benefits provided under clause (g) of this Section 16).

(h)In the event
of Executive’s death or if the Company terminates Executive for disability pursuant to Section 12, the Company shall
pay, in the case of Executive’s death, Executive’s estate an amount equal to his then current Base Salary and in the
event of termination for disability, an amount equal to two times his then current Base Salary. Any amount payable to Executive
(or his estate) under this subparagraph shall be paid promptly, and in any event within thirty (30) days after the date Executive
dies or is terminated for disability, as the case may be.

    	(7)

    	 

    
 

17.Change of Control.

(a)For the purposes
of this Section 17:

(i)The “Act”
is the Securities Exchange Act of 1934, as amended.

(ii)A “person”
includes a “group” within the meaning of Section 13(d)(3) of the Act.

(iii)“Control”
is used herein as defined in Rule 12b-2 under the Act.

(iv)“Beneficially
owns” and “acquisition” are used herein as defined in Rules 13d-3 and 13d-5, respectively, under the Act.

(v)“Non-Affiliated
Person” means any person, other than Executive, an employee stock ownership trust of the Company (or any trustee thereof
for the benefit of such trust), or any person controlled by Executive, the Company or such a trust.

(vi)“Voting
Securities” includes Common Stock and any other securities of the Company that ordinarily entitle the holders thereof to
vote, together with the holders of Common Stock or as a separate class, with respect to matters submitted to a vote of the holders
of Common Stock, but securities of the Company as to which the consent of the holders thereof is required by applicable law or
the terms of such securities only with respect to certain specified transactions or other matters, or the holders of which are
entitled to vote only upon the occurrence of certain specified events (such as default in the payment of a mandatory dividend on
preferred stock or a scheduled installment of principal or interest of any debt security), shall not be Voting Securities.

(vii)“Right”
means any option, warrant or other right to acquire any Voting Security (other than such a right of conversion or exchange included
in a Voting Security).

(viii)The “Code”
is the Internal Revenue Code of 1986, as amended.

(ix)“Base amount,”
“present value” and “parachute payment” are used herein as defined in Section 280G of the Code.

(b)A “Change
of Control” occurs when:

(i)a Non-Affiliated
Person acquires control of the Company;

(ii)upon an acquisition
of Voting Securities or Rights by a Non-Affiliated Person from persons other than the Executive (or persons controlled by the Executive)
or any change in the number or voting power of outstanding Voting Securities, such Non-Affiliated Person beneficially owns Voting
Securities or Rights entitling such person to cast a number of votes (determined in accordance with Section 16(g)) equal to or
greater than 25% of the sum of (A) the number of votes that may be cast by all other holders of outstanding Voting Securities and
(B) the number of votes that may be cast by such Non-Affiliated Person (determined in accordance with Section 17(g)); or

(iii)upon any change
in the membership of the Company’s Board of Directors, a majority of the directors are persons who are not nominated or appointed
by the Company’s Board of Directors as constituted prior to such change.

(c)The “Parachute
Amount” to which Executive shall be entitled pursuant to Sections 16(c) and (d) shall equal 2.99 multiplied by the Executive’s
base amount.

(d)It is intended
that the present value of any payments or benefits to Executive, whether hereunder or otherwise, that are includible in the computation
of the Parachute Amount shall not exceed 2.99 times the Executive’s base amount. Accordingly, if Executive receives any payment
or benefit from the Company prior to payment of the Parachute Amount which, when added to the Parachute Amount, would subject any
of the payments or benefits to Executive to the excise tax imposed by Section 4999 of the Code, the Parachute Amount shall be reduced
by the least amount necessary to avoid such tax. The Company shall have no obligation hereunder to make any payment or provide
any benefit to Executive after the payment of the Parachute Amount which would subject any of such payments or benefits to the
excise tax imposed by Section 4999 of the Code.

(e)Any other provision
hereof notwithstanding, Executive may (but only to the extent not prohibited by the United States securities laws, as then amended),
prior to his receipt of the Parachute Amount pursuant to Section 17(d), waive the payment thereof, or, after his receipt of the
Parachute Amount thereunder, treat some or all of such amount as a loan from the Company which Executive shall repay to the Company
within 180 days after the receipt thereof, together with interest thereon at the rate provided in Section 7872 of the Code, in
either case, by giving the Company notice to such effect.

(f)Any determination
of the Executive’s base amount, the Parachute Amount, any liability for excise tax under Section 4999 of the Code or other
matter required to be made pursuant to this Section 17, shall be made by the Company’s regularly-engaged independent certified
public accountants, whose determination shall be conclusive and binding upon the Company and Executive; provided that such
accountants shall give to Executive, on or before the date on which payment of the Parachute Amount or any later payment or benefit
would be made, a notice setting forth in reasonable detail such determination and the basis therefor, and stating expressly that
Executive is entitled to rely thereon.

(g) The number
of votes that may be cast by holders of Voting Securities or Rights upon the issuance or grant thereof shall be deemed to be the
largest number of votes that may be cast by the holders of such securities or the holders of any other Voting Securities into which
such Voting Securities or Rights are convertible or for which they are exchangeable or exercisable, determined as though such Voting
Securities or Rights were immediately convertible, exchangeable or exercisable and without regard to any anti-dilution or other
adjustments provided for therein.

    	(8)

    	 

    
 

18.Other Termination
Provisions.

(a)Throughout the
7-year period following the Termination Date, the Company shall indemnify Executive, and hold him harmless from, any loss, damages,
liability, obligation or expense that he may suffer or incur in connection with any claim made or Proceeding commenced during such
period relating to his service as a director, officer, employee or agent of the Company (or any subsidiary thereof) to the same
extent and in same manner as the Company shall be obligated so to indemnify Executive immediately prior to the Termination Date;
provided that, if during such 7-year period the Company adopts or assumes any indemnification policy or practice with respect
to its directors, officers, employees or agents that is more favorable than that in effect on the Termination Date, Executive shall
be entitled to such more favorable indemnification.

(b)Throughout the
7-year period following the Termination Date, the Company shall maintain for the benefit of Executive directors’ and officers’
liability insurance (on a “claims made” basis) providing coverage at least as favorable to Executive (including with
respect to limits of liability, exclusions, and deductible and retention amounts) as that in effect on the Termination Date.

19.Limitation
of Authority. Except as expressly provided herein, no provision hereof shall be deemed to authorize or empower either party
hereto to act on behalf of, obligate or bind the other party hereto.

20.Notices.
Any notice or demand required or permitted to be given or made hereunder to or upon either party hereto shall be deemed to have
been duly given or made for all purposes if (a) in writing and sent by (i) messenger or an overnight courier service against receipt,
or (ii) certified or registered mail, postage paid, return receipt requested, or (b) sent by telegram, telecopy, telex or similar
electronic means, provided that a written copy thereof is sent on the same day by postage-paid first-class mail, to such
party at the following address:

to the Company at: its then current
address of its principal office as stated on the cover page of its most recent public filing under the Act and if such address
is then Executive’s residence, to the address of the Company’s Chairman of the Board.

 

with a copy to:

Feder, Kaszovitz,
Isaacson, Weber, Skala, Bass & Rhine LLP

23rd Floor

750 Lexington Avenue

New York, New York 10022-1200

Attn: Irving Rothstein, Esq.

Fax: (212) 888-7776

 

to Executive at:

15 Union Wharf

Boston, MA 02109

Fax: (617) 975-3888

 

or such other address as either party hereto may at any time,
or from time to time, direct by notice given to the other party in accordance with this Section. The date of giving or making of
any such notice or demand shall be, in the case of clause (a) (i), the date of the receipt; in the case of clause (a) (ii), five
business days after such notice or demand is sent; and, in the case of clause (b), the business day next following the date such
notice or demand is sent.

    	(9)

    	 

    
 

21.Amendment.
Except as otherwise provided herein, no amendment of this Agreement shall be valid or effective, unless in writing and signed by
or on behalf of the parties hereto.

22.Waiver.
No course of dealing or omission or delay on the part of either party hereto in asserting or exercising any right hereunder shall
constitute or operate as a waiver of any such right. No waiver of any provision hereof shall be effective, unless in writing and
signed by or on behalf of the party to be charged therewith. No waiver shall be deemed a continuing waiver or waiver in respect
of any other or subsequent breach or default, unless expressly so stated in writing.

23.Governing Law.
This Agreement shall be governed by, and interpreted and enforced in accordance with, the laws of the State of New York without
regard to principles of choice of law or conflict of laws.

24.Jurisdiction.
Each of the parties hereto hereby irrevocably consents and submits to the jurisdiction of the courts of the State of New York and
the United States District Court for the Southern District of New York in connection with any suit, action or proceeding arising
out of or relating to this Agreement or the transactions contemplated hereby, waives any objection to venue in the County of New
York or Rockland, State of New York, or such District, and agrees that service of any summons, complaint, notice or other process
relating to such proceeding may be effected in the manner provided by clause (a) (ii) of Section 20.

25.Remedies.
In the event of any actual or prospective breach or default by either party hereto, the other party shall be entitled to equitable
relief, including remedies in the nature of rescission, injunction and specific performance. All remedies hereunder are cumulative
and not exclusive, and nothing herein shall be deemed to prohibit or limit either party from pursuing any other remedy or relief
available at law or in equity for such actual or prospective breach or default, including the recovery of damages.

26.Severability.
The provisions hereof are severable and in the event that any provision of this Agreement shall be determined to be invalid or
unenforceable in any respect by a court of competent jurisdiction, the remaining provisions hereof shall not be affected, but shall,
subject to the discretion of such court, remain in full force and effect, and any invalid or unenforceable provision shall be deemed,
without further action on the part of the parties hereto, amended and limited to the extent necessary to render the same valid
and enforceable.

27.Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original and which together shall constitute one
and the same agreement.

28.Assignment.
This Agreement, and each right, interest and obligation hereunder, may not be assigned by either party hereto without the prior
written consent of the other party hereto, and any purported assignment without such consent shall be void and without effect,
except that this Agreement shall be assigned to, and assumed by, any person with or into which the Company merges or consolidates,
or which acquires all or substantially all of its assets, or which otherwise succeeds to and continues the Company’s business
substantially as an entirety. Except as otherwise expressly provided herein or required by law, Executive shall not have any power
of anticipation, assignment or alienation of any payments required to be made to him hereunder, and no other person may acquire
any right or interest in any thereof by reason of any purported sale, assignment or other disposition thereof, whether voluntary
or involuntary, any claim in a bankruptcy or other insolvency proceeding against Executive, or any other ruling, judgment, order,
writ or decree.

29.Binding Effect.
This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted
assigns. This Agreement is not intended, and shall not be deemed, to create or confer any right or interest for the benefit of
any person not a party hereto.

30.Titles and
Captions. The titles and captions of the Articles and Sections of this Agreement are for convenience of reference only and
do not in any way define or interpret the intent of the parties or modify or otherwise affect any of the provisions hereof.

31.Grammatical
Conventions. Whenever the context so requires, each pronoun or verb used herein shall be construed in the singular or the plural
sense and each capitalized term defined herein and each pronoun used herein shall be construed in the masculine, feminine or neuter
sense.

32.References.
The terms "herein," "hereto," "hereof," "hereby," and "hereunder," and other
terms of similar import, refer to this Agreement as a whole, and not to any Article, Section or other part hereof.

33.No Presumptions.
Each party hereto acknowledges that it has had an opportunity to consult with counsel and has participated in the preparation of
this Agreement. No party hereto is entitled to any presumption with respect to the interpretation of any provision hereof or the
resolution of any alleged ambiguity herein based on any claim that the other party hereto drafted or controlled the drafting of
this Agreement.

34.Entire
Agreement. This Agreement embodies the entire agreement of the parties hereto with respect to the subject matter hereof and
supersedes any prior agreement, commitment or arrangement relating thereto, written or oral, if any, which shall terminate immediately
upon the commencement of the Term, except that each party thereto shall (a) remain required to perform any act and to satisfy any
obligation or condition that such party is required to perform or satisfy thereunder with respect to any event occurring or circumstance
existing prior to the commencement of the Term hereof (including without limitation the payment or delivery to Executive of any
compensation, reimbursable expense or employee benefit or perquisite to which he may be entitled, but which has not yet been paid
to him, on account of his employment under any such prior arrangement) that has not been so performed or satisfied, and (b) retain
his or its right under any such prior assignment to assert or to allege any claim or cause of action relating to or based upon,
or otherwise to enforce, any provision thereof with respect to any event occurring or circumstance existing during the term thereof.

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

 

 

 

THE COMPANY:

 

WORLDS.COM, INC.

 

 

By: Robert Fireman

Name: Robert Fireman

Title: Director (on behalf of
the Board)

 

 

EXECUTIVE:

 

Thomas Kidrin

Thomas Kidrin

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