Document:

Employment Renewal Term Sheet

EXHIBIT 10.1

Employment Renewal Term Sheet

November 20, 2014

Michael R. Donn, Sr.

Position: Chief Operating Officer, Ecosphere Technologies, Inc.

Term: 2 years beginning December 1, 2014

Reporting to: Dennis McGuire, Sr., CEO

Primary Duties:

· Oversee all corporate operations including facilities management

· Oversee manufacturing operations

· Contract review and coordination, document review including press releases, collateral or any company material of significant impact

· Security policy and implementation

· Risk management

· Labor relations

· Coordinate and implement with CEO and BOD goals and policies of the Company

Base Salary: $192,500 per annum

Equity compensation:

In recognition for Mr. Donn's many years of service to the company, he will be granted 2,591,438 non-qualified options at FMV on date of approval of this agreement by the Company's Board of Directors, with 25% vesting upon signing of term sheet and the remainder vesting semi-annually during term of Employment Renewal with cashless exercise rights granted.

Annual bonus:

The executive shall have a bonus package to be awarded by the Compensation Committee upon annual evaluation of the executive's performance.

Expenses: Company will reimburse executive for all reasonable travel, entertainment and miscellaneous expenses.

Vacation and PTO: 25 days per year

Benefits: Standard health and 401K participation benefits as provided to employees

Conditions: During the term of employment the Executive will devote substantially all of his productive time, ability and attention to the business of the Company.

			
	/s/ Dennis McGuire

	 
	Dec. 1, 2014

	Dennis McGuire, CEO

	 
	Date

	 
	 
	 

	/s/ Michael R. Donn, Sr.

	 
	Dec. 1, 2014

	Michael R. Donn, Sr.

	 
	DateEmployment Renewal Term Sheet

EXHIBIT 10.2

Employment Renewal Term Sheet

November 20, 2014

Jackie McGuire

Position: Senior Vice President of Administration, Ecosphere Technologies, Inc.

Term: 2 years beginning December 1, 2014

Reporting to: Dennis McGuire, Sr., CEO

Primary Duties:

· In charge of Administration and Human Resources for the Company

· Oversees corporate records policy, procedures, and management

· Coordinates and oversees shareholder transactions

· Coordinates all travel for the Company

· Coordinates and oversees Administrative and Inventory Personnel

· Protects Ecosphere's value by keeping information confidential

· Performs duties of Corporate Secretary

Base Salary: $123,500 per annum

Equity compensation:

In recognition for Mrs. McGuire’s many years of service to the company, she will be granted 1,867,746 non-qualified options at FMV on date of approval of this agreement by the Company's Board of Directors, with 25% vesting upon signing of term sheet and the remainder vesting semi-annually during term of Employment Renewal with cashless exercise rights granted.

Annual bonus:

The executive shall have a bonus package to be awarded by the Compensation Committee upon annual evaluation of the executive's performance.

Expenses: Company will reimburse executive for all reasonable travel, entertainment and miscellaneous expenses.

Vacation and PTO: 25 days per year

Benefits: Standard health and 401K participation benefits as provided to employees

Conditions: During the term of employment the Executive will devote substantially all of her productive time, ability and attention to the business of the Company.

			
	/s/ Dennis McGuire

	 
	Dec. 1, 2014

	Dennis McGuire, CEO

	 
	Date

	 
	 
	 

	/s/ Jacqueline McGuire

	 
	Dec. 1, 2014

	Jacqueline McGuire

	 
	DateThird Amendment to the Amended and Restated 2006 Equity Incentive Plan

EXHIBIT 10.3

Ecosphere Technologies, Inc.

Third Amendment to the Amended and Restated 2006 Equity Incentive Plan

(Effective November 26, 2014)

The second sentence of Section 4 shall be replaced with the following:

The aggregate number of shares of Common Stock which may be issued pursuant to the Plan is 33,000,000 subject to adjustment as provided in Section 14.EX-4.1

 Exhibit 4.1 
  

 
 Computershare 
The Providence Service Corporation
Computershare Trust Company, N.A. 
250 Royall Street 
Canton Massachusetts
02021 
Within USA, US territories & Canada 
800-546-5141 
Outside USA, US territories & Canada 
781-575-2765 
www.computershare.com 
MR A SAMPLE 
DESIGNATION (IF ANY) 
ADD 1 
ADD 2 
ADD 3 
ADD 4 
ADD 5 
ADD 6 
C 1234567890 J N T 
Primary Subscription 12345678901234 
Rights 
THE PROVIDENCE SERVICE CORPORATION SUBSCRIPTION RIGHTS OFFERING 
THIS SUBSCRIPTION RIGHTS
OFFERING EXPIRES AT <TIME>, NEW YORK CITY TIME, ON <DATE>, UNLESS THE EXERCISE PERIOD IS EXTENDED (SUCH DATE AND TIME, AS IT MAY BE EXTENDED, THE “EXPIRATION DATE”). 
The Providence Service Corporation (the “Company”) has distributed to each holder of its common stock owned as of record (each an “Eligible Holder”) at
<TIME> on <DATE> (the “Record Date”), at no charge, one nontransferable right, for each share of common stock held as of the Record Date, to purchase <XXX> shares of 5.5%/8.5% Series A Convertible Preferred Stock, with a
par value of $0.001 per share (the “Preferred Stock”) at $100.00 per full share (the “Subscription Rights”). The terms and conditions of the Subscription Rights offering are set forth in the Company’s Prospectus dated
<DATE> (as it may be amended or supplemented, the “Prospectus”), which is incorporated into this Rights Certificate by reference. Capitalized terms used but not defined herein have the meanings set forth in the Prospectus. The owner
of this certificate is entitled to the number of Subscription Rights, and is entitled to exercise the Subscription Rights for the number of shares, shown on this Rights Certificate. 
THE SUBSCRIPTION RIGHTS ARE NON-TRANSFERABLE 
The Subscription Rights are non-transferable. The
Subscription Rights will not be listed on any securities exchange or quoted on any automated quotation system. The Company cannot assure you that the shares of Preferred Stock of the Company issued in respect of exercised Subscription Rights will
ever be listed on the New York Stock Exchange, the Nasdaq Global Select Market or any other securities exchange or quotation system. 
EXERCISE PRICE 
The exercise price for the Subscription Rights is $100.00 per full share. A fractional Subscription Right will not be exercisable unless it is aggregated with other fractional
Subscription Rights so that when exercised, in the aggregate, such fractional Subscription Rights result in the purchase of a whole share of Preferred Stock of the Company. In other words, fractional Subscription Rights cannot be exercised for
fractional shares of Preferred Stock of the Company. 
METHOD OF EXERCISE OF RIGHTS 
IN ORDER TO EXERCISE YOUR SUBSCRIPTION RIGHTS, YOU MUST PROPERLY COMPLETE AND SIGN THIS RIGHTS CERTIFICATE ON THE BACK AND RETURN IT IN THE ENVELOPE PROVIDED TO COMPUTERSHARE TRUST
COMPANY, N.A., TOGETHER WITH PAYMENT IN FULL FOR AN AMOUNT EQUAL TO THE APPLICABLE EXERCISE PRICE MULTIPLIED BY THE TOTAL NUMBER OF SHARES OF PREFERRED STOCK THAT YOU ARE REQUESTING TO PURCHASE TO THE RIGHTS AGENT, COMPUTERSHARE TRUST COMPANY, N.A.,
BEFORE <TIME>, ON <DATE>. 
Holder ID COY Class Rights Qty Issued Rights Cert # 
123456789 XXXX Subscription Rights XXX.XXXXXX 12345678 
Signature of Owner and U.S. Person for
Tax Certification 
Signature of Co-Owner (if more than one registered holder listed) Date (mm/dd/yyyy) 
12345678 CLS XRT2 COYC 
01XRRA 

 

 
 Full payment of the exercise price for each share of Preferred Stock you wish to purchase be must be made in U.S. dollars by
(1) certified check drawn upon a U.S. bank payable to the Rights Agent, or (2) cashier’s check drawn upon a U.S. bank or express money order payable to the Rights Agent, in each case in accordance with the “Instructions As To Use
of The Providence Service Corporation Subscription Rights Certificates” that accompanied the mailing of the Prospectus. Notwithstanding the foregoing, Eligible Holders who hold shares as a depository or nominee must make all payments by wire
transfer of immediately available funds to the account maintained by the Rights Agent. 
Payments of the exercise price for the common stock will be held in an
escrow account until five business days following the Expiration Date, unless the Company withdraws or terminates the Subscription Rights offering. No interest will be paid to you on the funds you deposit with the Rights Agent. You will not receive
any interest on the payments held by the Rights Agent before your shares have been issued to you or your payment is returned to you, without interest, because your exercise has not been satisfied for any reason. 
PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY 
SECTION 1: OFFERING INSTRUCTIONS (check the
appropriate boxes) 
IF YOU WISH TO SUBSCRIBE FOR YOUR FULL ENTITLEMENT OF SUBSCRIPTION RIGHTS: 
I apply for ALL of my entitlement of new shares pursuant to the basic subscription 
(no. of
subscription rights) 
x <XXX> = 
x $100.00 = 
$ 
(no. of new shares) 
(per share) 
EXAMPLE: If you own 1,000 shares of common stock, your subscription right permits
the purchase of XXX shares. [1,000 purchase rights / XXX = XXX with fractional shares rounded down to the nearest whole number]. 
IF YOU DO NOT WISH TO APPLY FOR
YOUR FULL ENTITLEMENT OF SUBSCRIPTION RIGHTS: 
I apply for 
(no. of new shares)

x $100.00 = 
$ 
(per share) 
Amount of check or money order enclosed 
$ 
IF YOU DO NOT WISH TO EXERCISE YOUR RIGHT TO SUBSCRIBE: 
Please disregard this mailing. 
SECTION 2: SUBSCRIPTION AUTHORIZATION: 
I acknowledge that I have received the Prospectus for this offering of Subscription Rights and I hereby subscribe for the number of shares indicated above on the terms and
conditions specified in the Prospectus relating to the subscription in the Subscription Rights offering. 
Signature of Subscriber(s) 
(and address if different than that listed on this Subscription Certificate) 
Telephone number
(including area code) 
Please complete all applicable information and return to: COMPUTERSHARE TRUST COMPANY, N.A. 
By First Class Mail: Computershare Trust Company, N.A., Corporate Actions Voluntary Offer, P.O. Box 43011, Providence, RI 02940-3011 
By Express Mail or Overnight Delivery: Computershare Trust Company, N.A., Corporate Actions Voluntary Offer, 250 Royall Street, Suite V, Canton, MA 02021 
DELIVERY OF THIS SUBSCRIPTION CERTIFICATE TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. Any questions regarding this Subscription Certificate
and Subscription Rights Offering may be directed to Computershare Trust Company, N.A., toll free at or (800) 546-5141.

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