Document:

SECOND
      AMENDMENT AGREEMENT

    

    This
      Second Amendment Agreement (this “Agreement”),
      is
      made and entered into as of March 27, 2008, by and among Solomon Technologies,
      Inc., a Delaware corporation (the “Company”)
      and
      each of the investors signatory hereto (each, a “Holder”
and
      collectively, the “Holders”).
      Capitalized terms not defined in this Agreement have the same meanings ascribed
      to them in the Purchase Agreement (as defined below).

    

    WHEREAS,
      the Company and each of the Holders are parties to that certain Securities
      Purchase Agreement, dated as of January 17, 2007, as amended on August 24,
      2007 (the “Purchase
      Agreement”),
      under
      which the Company issued to the Holders its Variable Rate Self-Liquidating
      Senior Secured Convertible Debentures with an aggregate principal amount of
      $5,350,000 (the “2007
      Debentures”),
      and
      Common Stock Purchase Warrants to purchase up to, in the aggregate, 2,006,250
      shares of Common Stock (the “2007
      Warrants”);
      and

    

    WHEREAS,
      the Company and each of the Holders are also parties to that certain Securities
      Purchase Agreement, dated as of August 30, 2007 under which the Company issued
      to the Holders additional Debentures with an aggregate principal amount of
      $500,000 and additional Warrants (and together with the 2007 Debentures, the
      “Debentures”
and
      together with the 2007 Warrants, the “Warrants”);
      and

    

    WHEREAS,
      commencing on February 18, 2008, the Holders should be entitled to use
      Rule 144 to sell, without volume or manner restrictions, the Conversion
      Shares issuable upon (i) conversion of the Debentures then held by the Holders
      or (ii) payment of a Monthly Redemption Amount by the Company; and

    

    WHEREAS,
      as long as the Debentures are outstanding the Company will owe to each of the
      Holders a Monthly Redemption Amount payable on each Monthly Redemption Date;
      and

    

    WHEREAS,
      the Company owes to each of the Holders a Monthly Redemption Amount that became
      payable on January 1, 2008 (“January
      2008 Redemption”)
      and
      March 1, 2008 (“March
      2008 Redemption”)
      and
      remains unpaid as of the date of this Agreement; and

    

    WHEREAS,
      each Holder proposes to defer the payment of the January 2008 Redemption and
      and
      March 2008 Redemption, at its election, certain other monthly redemptions to
      the
      end of the Monthly Redemption scheduled; and

    

    WHEREAS,
      the parties desire to waive and amend certain provisions of the Debentures
      and
      the Registration Rights Agreement, each as previously amended, according to
      the
      terms of this Agreement; and

    

    WHEREAS,
      the Company has issued to each of the Holders, as inducement to enter into
      this
      Agreement, 350,000 restricted shares of Common Stock, in the aggregate (the
      “Inducement
      Shares”).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    NOW
      THEREFORE, in consideration of the terms contained in this Agreement, and other
      good and valuable consideration, the receipt and sufficiency of which is
      acknowledged, the parties, intending to be legally bound, agree as
      follows:

    

    Section
      1.  Amendment
      of the Registration Rights Agreement.
      Notwithstanding the provisions of Section 1 of the Registration Rights
      Agreement, each of the Holders agrees that the definition of Registrable
      Securities shall not include any shares that can be sold by the holder thereof
      without volume or manner restrictions pursuant to Rule 144 or any successor
      rule
      under the Securities Act, including any shares underlying the Warrants that
      can
      be acquired through a cashless exercise (whether or not the Holder elects to
      exercise the Warrants on a cashless basis) provided that counsel to the Company
      provides the transfer agent of the Company with an opinion that such Registrable
      Securities may be resold pursuant to Rule 144 without volume or manner
      restrictions.

    

    Section
      2. Amendment
      of the Maturity Date to the Debentures.
      The
      definition of “Maturity Date” in the Debentures is hereby extended by one month
      for each Monthly Redemption thereunder that is deferred under Section 3, 4
      and 5
      of this Agreement.

    

    Section
      3. January
      2008 Redemption.
      The
      Monthly Redemption Date as to the January 2008 Redemption shall be May 17,
      2009.
      The Monthly Redemption Share Amount for the January 2008 Redemption shall be
      calculated based on the lesser of (a) $0.35, subject to adjustment therein
      and
      (b) the Monthly Redemption Price as calculated on May 17, 2009.

    

    Section
      4. March
      2008 Redemption.
      The
      Monthly Redemption Date as to the March 2008 Redemption shall be June 17, 2009.
      The Monthly Redemption Share Amount for the March 2008 Redemption shall be
      calculated based on the lesser of (a) $0.35, subject to adjustment therein
      and
      (b) the Monthly Redemption Price as calculated on June 17, 2009.

    

    Section
      5. May
      2008 Redemption through April 2009 Redemption.
      At the
      election of the Holder upon written notice to the Company prior to the
      applicable Pre-Redemption Conversion Shares Delivery Date with respect to a
      Monthly Redemption, the Monthly Redemption Share Amounts for up to three of
      the
      Monthly Redemptions, in all or in part, beginning with the May 2008 Redemption
      through the April 2009 Redemption may be deferred to the end of the Monthly
      Redemption Schedule (i.e., to July 2009, August 2009 and September 2009,
      respectively), provided
      that
      the
      calculation of the Monthly Redemption Share Amounts for any such deferred
      Monthly Redemptions shall be the lesser of (a) $0.35, subject to adjustment
      therein and (b) the Monthly Redemption Price as calculated on the new applicable
      Monthly Redemption Date (i.e., July 1, 2009, August 1, and September 1, 2009,
      respectively).

    

    Section
      6.  Waivers
      with respect to the Registration Rights Agreement.
      In
      consideration for the Inducement Shares and subject to the terms and conditions
      of this Agreement, each Holder waives (i) any failure or delay by the Company
      that may have occurred through the date hereof in fulfilling any of the
      Company’s obligations under the Registration Rights Agreement; and (ii) any
      accrued but unpaid liquidated damages as set forth in Section 2(b) of the
      Registration Rights Agreement as a result of any past failure or delay by the
      Company in fulfilling its obligations under the Registration Rights Agreement
      and any such liquidated damages that would have accrued prior to February 18,
      2008.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    Section
      7. Waivers
      with respect to Equity Conditions.
      Subject
      to the terms and conditions of this Agreement and concerning the Equity
      Conditions set forth in Section 1 of each of the Debentures (the “Equity
      Conditions”), each Holder waives any failure by the Company to meet: clauses
      (ii), (iii), (vi), and (x) of the Equity Conditions in connection with paying
      the Monthly Redemptions in Conversion Shares, beginning with the Monthly
      Redemption due January 1, 2008, and continuing until the Debentures are fully
      redeemed, provided that (i) the Conversion Shares may be sold by the Holder
      without volume or manner restrictions and counsel to the Company has provided
      the Holder with an opinion addressed to the transfer agent to such effect and
      acceptable to the transfer agent, (ii) no Event of Default restricts in any
      way
      the Holder’s ability to immediately resell the Conversion Shares, and (iii) the
      aggregate trading volume of the Common Stock on the Trading Market for the
      12
      consecutive Trading Days immediately prior to the applicable Monthly Redemption
      Date exceeds $150,000. 

    

    Section
      8.  Waiver
      of Overdue Redemption Payments.
      Each
      Holder hereby waives any Event of Default (as defined in the Debentures)
      occasioned by the Company’s failure to make timely payment to such Holder of (i)
      the January 2008 Redemption or (b) the March 2008 Redemption. 

    

    Section
      9. Effect
      on Transaction Documents.
      The
      foregoing waivers and agreements are given solely in respect of the transactions
      described herein. Except
      as
      expressly set forth in this Agreement, all of the terms and conditions of the
      Transaction Documents shall continue in full force and effect after the
      execution of this Agreement. This
      Agreement shall not constitute a novation or accord and satisfaction of any
      such
      Transaction Document.

    

    Section
      10. Filing
      of 8-K.
      Within
      four Trading Days of the date of this Agreement, the Company shall issue a
      Current Report on Form 8-K disclosing the material terms of the transactions
      contemplated..

    

    Section
      11. Non-Affiliate.
      Each of
      the Holders represents and warrants that as of the date of this Agreement (i)
      it
      is not an Affiliate of the Company and (ii) it has not been an Affiliate of
      the
      Company for at least the three months preceding the date of this Agreement.
      Each
      of the Holders covenants that, if it becomes an Affiliate of the Company at
      any
      time while it holds any Debentures or Warrants, it shall promptly notify the
      Company of its Affiliate status.

    

    Section
      12. Inducement
      Shares.
      The
      Inducement Shares may only be transferred or otherwise disposed of in compliance
      with state and federal securities laws. The
      Holders acknowledges receipt of the Inducement Shares, as follows:

    

    
      	Truk Opportunity Fund LLC: 	 	244,786 shares	 
	Truk International Fund, LP: 	 	41,190 shares	 
	Shelter Island Opportunity Fund
              Ltd.	 	64,024 shares	 

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    Section
      13. Execution
      and Counterparts.
      This
      Agreement may be executed in two or more counterparts, all of which when taken
      together shall be considered one and the same agreement.

     

    IN
      WITNESS WHEREOF, and intending to be legally bound, the parties have executed
      this Agreement as of the date first set forth above.

    
      	 	 	 
	 	SOLOMON
              TECHNOLOGIES, INC.
	 
 	 
 	 
 
	
            	By:  	/s/
              Gary
              M. Laskowski
	 	
              
Name:
              Gary M. Laskowski
	 	Title:
              Chairman, Board of Directors

    

    

    HOLDERS

    

    Truk
      Opportunity Fund LLC: 

    Signature
      of Authorized Signatory of Holder: /s/ Stephen
      Saltzstein

    Name
      of
      Authorized Signatory: Stephen
      Saltzstein

    Title
      of
      Authorized Signatory: Principal

    

    Truk
      International Fund, LP: 

    Signature
      of Authorized Signatory of Holder: /s/ Stephen
      Saltzstein

    Name
      of
      Authorized Signatory: Stephen
      Saltzstein

    Title
      of
      Authorized Signatory: Principal

    

    Shelter
      Island Opportunity Fund Ltd: 

    Signature
      of Authorized Signatory of Holder: /s/ Stephen
      Saltzstein

    Name
      of
      Authorized Signatory: Stephen
      Saltzstein

    Title
      of
      Authorized Signatory: Principal

    

    
      
        
        

      

      
        4AMENDMENT
      AND WAIVER AGREEMENT

    

    This
      Amendment Waiver Agreement (this “Agreement”),
      is
      made and entered into as of February 5, 2008, by and among Solomon Technologies,
      Inc., a Delaware corporation (the “Company”)
      and
      Iroquois Master Fund, Ltd. (“Iroquois”
or
      the
“Holder”),
      a
      Cayman Islands Corporation. Capitalized terms not defined in this Agreement
      have
      the same meanings ascribed to them in the Purchase Agreement (as defined
      below).

    

    WHEREAS,
      the Company and Holder are parties to that certain Securities Purchase
      Agreement, dated as of January 17, 2007, as amended on August 24, 2007 (the
“Purchase
      Agreement”),
      under
      which the Company issued to the Holders and certain other investors its Variable
      Rate Self-Liquidating Senior Secured Convertible Debentures with an aggregate
      principal amount of $5,350,000 (the “Debentures”),
      and
      Common Stock Purchase Warrants to purchase up to, in the aggregate, 2,006,250
      shares of Common Stock (the “Warrants”);
      and

    

    WHEREAS,
      commencing on February 15, 2008, Holder is entitled to use Rule 144 to
      sell, without volume or manner restrictions, the Conversion Shares issuable
      upon
      (i) conversion of the Debentures then held by the Holder or (ii) payment of
      a
      Monthly Redemption Amount by the Company; and

    

    WHEREAS,
      as long as the Debentures are outstanding the Company will owe to the Holder
      a
      Monthly Redemption Amount payable on each Monthly Redemption Date;
      and

    

    WHEREAS,
      the Company owes to the Holder a Monthly Redemption Amount that became payable
      on January 1, 2008 (the “January
      2008 Redemption”)
      and
      remains unpaid as of the date of this Agreement; and

    

    WHEREAS,
      the Company owes to the Holder a Monthly Redemption Amount that became payable
      on February 1, 2008 (the “February
      2008 Redemption”)
      and
      remains unpaid as of the date of this Agreement; and

    

    WHEREAS,
      the Company proposes to deliver shares to Iroquois for the January 2008
      Redemption and the February 2008 Redemption in unrestricted Conversion Shares
      that are salable pursuant to Rule 144 (subject to volume limitations), and
      has
      requested that the Holder waives certain provisions of the Transaction Documents
      in connection with the delay of the January 2008 Redemption and the February
      2008 Redemption; and

    

    WHEREAS,
      beginning with the Monthly Redemption due March 1, 2008, and continuing until
      the Debentures are fully redeemed, the Company proposes to make the Holder’s
      Monthly Redemptions by paying to the Holder its respective Monthly Redemption
      Share Amount of Conversion Shares, and has requested that the Holder waive
      certain provisions of the Transaction Documents in connection with the payment
      of the Monthly Redemption Amounts in Conversion Shares; and

    

    WHEREAS,
      the Company proposes to include the shares of Common Stock issuable upon
      exercise of the Warrants in a registration statement (the “New
      Registration Statement”)
      on
      Form SB-2 (or another appropriate form) that the Company will file pursuant
      to a
      pending private equity placement; and

    

    WHEREAS,
      the Company will use its commercially reasonable best efforts to file the New
      Registration Statement with the Commission no later than May 31, 2008;
      and

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    WHEREAS,
      the parties desire to waive and amend certain provisions of the Debentures
      and
      the Registration Rights Agreement, each as previously amended, according to
      the
      terms of this Agreement; and

    

    WHEREAS,
      the Company desires to issue to Iroquois, as inducement to enter into this
      Agreement, 21,116 restricted shares of Common Stock (the “Inducement
      Shares”).

    

    NOW
      THEREFORE, in consideration of the terms contained in this Agreement, and other
      good and valuable consideration, the receipt and sufficiency of which is
      acknowledged, the parties, intending to be legally bound, agree as
      follows:

    

    Section
      1.  Amendment
      of the Registration Rights Agreement.
      Notwithstanding the provisions of Section 1 of the Registration Rights
      Agreement, the Holder agrees that the definition of Registrable Securities
      shall
      not include any shares that can be sold by the holder thereof without volume
      or
      manner restrictions pursuant to Rule 144 or any successor rule under the
      Securities Act provided that counsel to the Company provides the transfer agent
      of the Company with an opinion that such Registrable Securities may be resold
      pursuant to Rule 144 without volume or manner restrictions.

    

    Section
      2.  Waivers
      with respect to the Registration Rights Agreement.
      In
      consideration for the Inducement Shares and subject to the terms and conditions
      of this Agreement, the Holder waives (i) any failure or delay by the Company
      that may have occurred through the date hereof in fulfilling any of the
      Company’s obligations under the Registration Rights Agreement; and (ii) any
      accrued but unpaid liquidated damages as set forth in Section 2(b) of the
      Registration Rights Agreement as a result of any past failure or delay by the
      Company in fulfilling its obligations under the Registration Rights Agreement
      and any such liquidated damages that would have accrued prior to February 15,
      2008.

    

    Section
      3. New
      Registration Statement.
      The
      Company will include the shares underlying the Warrants and the Inducement
      Shares in the New Registration Statement, and the Company will use its
      commercially reasonable best efforts to file the New Registration Statement
      with
      the Commission no later than May 31, 2008.

    

    Section
      4. Waivers
      with respect to Equity Conditions.
      Subject
      to the terms and conditions of this Agreement and concerning the Equity
      Conditions set forth in Section 1 of each of the Debentures (the “Equity
      Conditions”), Holder waives any failure by the Company to meet:

    

    (a) each
      of
      the Equity Conditions in connection with paying the January 2008 Redemptions
      and
      the February 2008 Redemptions in Conversion Shares; and

    

    (b) clauses
      (ii), (iii), (vi), and (x) of the Equity Conditions in connection with paying
      the Monthly Redemptions in Conversion Shares, beginning with the Monthly
      Redemption due March 1, 2008, and continuing until the Debentures are fully
      redeemed, provided that the Conversion Shares may be sold by the Holder without
      volume or manner restrictions and counsel to the Company has provided the Holder
      with an opinion addressed to the transfer agent to such effect and acceptable
      to
      the transfer agent.
      Notwithstanding anything to the contrary herein, the Company cannot deliver
      stock to Iroquois if the VWAP on the date of notice or delivery is below $0.05
      per share.

    

    Section
      5. Waiver
      of Overdue Redemption Payments.
      Subject
      to the terms and conditions of this Agreement, Holder hereby waives any Event
      of
      Default (as defined in the Debentures) occasioned by the Company’s failure to
      make timely payment of the January 2008 Redemption Payment and the February
      2008
      Redemption Payment prior to February 15, 2008.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    Section
      6. Effect
      on Transaction Documents.
      The
      foregoing waivers and agreements are given solely in respect of the transactions
      described herein. This Agreement does not serve to waive any covenant,
      condition, Event of Default or other right of the Holders relating to any
      issuance by the Company of debt or equity securities in a capital raising
      transaction occurring after the date of this Agreement. Except
      as
      expressly set forth in this Agreement, all of the terms and conditions of the
      Transaction Documents shall continue in full force and effect after the
      execution of this Agreement. This
      Agreement shall not constitute a novation or accord and satisfaction of any
      such
      Transaction Document. 

    

    Section
      7. Filing
      of 8-K.
      By 8:30
      am on February 7, 2008, the Company shall issue a Current Report on Form 8-K,
      reasonably acceptable to Holder disclosing the material terms of the
      transactions contemplated, which shall include this Agreement as an attachment
      thereto.

    

    Section
      8. Non-Affiliate.
      The
      Holder represents and warrants that as of the date of this Agreement (i) it
      is
      not an Affiliate of the Company and (ii) it has not been an Affiliate of the
      Company for at least the three months preceding the date of this Agreement.
      Holder covenants that, if it becomes an Affiliate of the Company at any time
      while it holds any Debentures or Warrants, it shall promptly notify the Company
      of its Affiliate status.

    

    Section
      9. Delivery
      of Shares.
      

    

    (a) January
      and February 2008 Redemptions:
      The
      Company and Iroquois hereby agree that with respect to the January and February
      2008 Redemptions the Monthly Redemption Date will be February 15, 2008. The
      Company will pay the January and February Monthly Redemption Amounts, including
      accrued interest on Holder’s Debenture as of January 1, 2008 and February 1,
      2008, respectively in Conversion Shares (the “Monthly Redemption Share Amount”)
      based on a conversion price equal to 82.5% of the average of the VWAP’s for the
56
      consecutive Trading Days ending on the Trading Day of February 14, 2008 (the
      “Waiver Monthly Redemption Period”). In advance of this Monthly Redemption
      Payment, on February 7, 2008 (the “Pre-Redemption Shares Delivery Date), the
      Company hereby agrees that within 3 Trading Days of the date hereof, it will
      cause its transfer agent to issue to the Holders a number of shares of Common
      Stock (bearing the restrictive legend below in 9(c)) to be applied against
      such
      Monthly Redemption Share Amount equal to the applicable Monthly Redemption
      Share
      Amount divided by 82.5% of the average VWAP’s for the 10 consecutive Trading
      Days immediately preceding the Pre-Redemption Conversion Shares Delivery Date.
      Notwithstanding anything to the contrary herein, the delivery of Pre-Redemption
      shares shall not exceed 480,000 shares.

    

    (b) March
      2008 Redemption:
      The
      Company and Iroquois hereby agree that with respect to the March 2008 Redemption
      that the Redemption date shall be March 1 as provided in the transaction
      documents but that the Pre-Redemption Shares for such payment shall be delivered
      by the company on February 15, 2008 with the true-up to occur on March 1, 2008
      all as according to the mechanics specified in Section 6(a) of the Purchase
      Agreement. 

    

    (c) Issuance
      of Inducement Shares.
      The
      Company hereby agrees that within 3 Trading Days of the date hereof, it will
      cause its transfer agent to issue to each of the Holders a number of Inducement
      Shares determined by the calculation described in this Agreement. The Inducement
      Shares may only be transferred or otherwise disposed of in compliance with
      state
      and federal securities laws. The certificates for the Inducement Shares shall
      bear a restrictive legend in substantially the following form: 

    

    [NEITHER]
      THIS SECURITY [NOR THE SECURITIES INTO WHICH THIS SECURITY IS [EXERCISABLE]
      [CONVERTIBLE] HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
      COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN
      EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      “ACT”) AND ARE “RESTRICTED SECURITIES” AS THAT TERM IS DEFINED IN RULE 144 UNDER
      THE ACT. THE SECURITIES MAY NOT BE OFFERED OR FOR SALE, SOLD OR OTHERWISE
      TRANSFERED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
      SECURITIES ACT OR PURSUANT TO AN EXEMPTION FROM, OR UNDER THE ACT, THE
      AVAILABILITY OF WHICH IS ESTABLISHED TO THE SATISFACTION OF THE COMPANY.]

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    (c) The
      Holder agrees that the delivery to it of the Conversion Shares to be delivered
      to it in accordance with paragraph (a) above shall constitute full payment
      of
      the January and February 2008 Redemption owed to each Holder.

    

    Section
      10. Section 2. Amendment
      of the Debenture.
      

    

    (a)
       The
      definition of “Maturity Date” in the second paragraph of the Iroquois’
Debentures of is hereby amended as follows:

    

    “,...May
      30, 2008 (the “Maturity
      Date”).”

    

    (b)
       The
      definition of “Monthly Redemption Amount” in Section 1 of Iroquois’ Debentures
      is hereby deleted and replaced in its entirety with the following: 

    

    “Monthly
      Redemption Amount”
      means an amount equal to the then outstanding principal amount of this Debenture
      on the first Monthly Redemption Date following August 24, 2007 multiplied by
      a
      fraction, the numerator of which is 1 and the denominator of which is the number
      of months between such first Monthly Redemption Date and May 30,
      2008.”

    

    (c) Nothing
      in this Agreement shall serve to amend or be interpreted as amending the
      Debentures for Holders thereof other Iroquois.

    

    Section
      11. Execution
      and Counterparts.
      This
      Agreement may be executed in two or more counterparts, all of which when taken
      together shall be considered one and the same agreement.

    

    [SIGNATURE
      PAGES FOLLOW]

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, and intending to be legally bound, the parties have executed
      this Agreement as of the date first set forth above.

     

    
      	 	 	 
	 	SOLOMON TECHNOLOGIES,
              INC.
	 
 	 
 	 
 
	
            	By:  	Gary
              M.
              Laskowksi
	 	
              

              Name:
                Gary M. Laskowski

              Title:
                Chairman, Board of Directors

            

    

     

     

    HOLDERS

    

    Name
      of
      Holder: Iroquois Master Fund, Ltd

    Signature
      of Authorized Signatory of Holder: /s/
      Josh Silverman

    Name
      of
      Authorized Signatory: Josh
      Silverman

    Title
      of
      Authorized Signatory: __________________________

     

    
      
         

      

      
        5

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