Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Dynamotive Energy Systems Corporation  - Exhibit 4.17

CONSULTING AGREEMENT 

THIS AGREEMENT is dated for reference the 8th day of
December, 2006. 

BETWEEN: 

DYNAMOTIVE ENERGY SYSTEMS
CORPORATION 
230 – 1700 West 75th Avenue, 
Vancouver,
British Columbia 
V6P 6G2 

(the “Company”) 

AND: 

DESMOND RADLEIN, PhD. 
632
Grange Crescent 
Waterloo, ON 
N2T 2L9 

(the “Consultant”) 

AGREEMENTS 

For good and valuable consideration, the receipt and
sufficiency of which each party acknowledges, the parties hereto agree as
follows: 

NOW THEREFORE THIS AGREEMENT WITNESSES that, in
consideration of the mutual covenants and agreements herein contained, the
parties hereto mutually agree as follows:

PART 1 

APPOINTMENT 

1.1                          
The Company appoints the Consultant and the Consultant accepts the appointment
and will be responsible to lead the Company’s facility in Waterloo, ON in
respect of the Company’s Research and Development initiatives on the Company’s
BioOil technology (the “Appointment”) upon the terms and conditions of this
Agreement and the Consultant agrees to diligently and faithfully carry out and
perform its duties and obligations described in this Agreement. 

PART 2 

TERM OF AGREEMENT 

2.1                          
This Agreement shall have commenced on November 1, 2006 and shall continue until
October 31, 2009. This Agreement is guaranteed for the first three years and can
only be terminated by the Company subject to Part 6 of this Agreement.
Otherwise, this agreement can be terminated with out cause with four months
notice after three years. This Agreement is renewable thereafter, subject to
mutually agreed terms between the Company and the Consultant. 

PART 3 

DUTIES OF THE CONSULTANT 

3.1                          
In consideration of the Company’s payment of the Consultant’s remuneration, the
Consultant agrees to perform the duties and responsibilities in respect to the
Appointment in accordance with the general directions of the Chief Executive
Officer of the Company. 

3.2                          
The Consultant shall provide services to the Company and acknowledges to devote
50% of his time in carrying out his obligations hereunder during the first six
months of this agreement and 75% thereafter. The Company has satisfied itself
that the Consultant is in a position to effectively provide the services
envisaged under this agreement.

PART 4 

REMUNERATION 

Salary and Bonus 

4.1                          
In consideration of the performance by the Consultant of its obligations under
this, Agreement, the Company shall pay to the Consultant a monthly consulting
fee of $10,000 per month during the first six months of this agreement and
subsequently, at $15,000 per month (“Base Consulting Fee”) payable on the last
working day of the month upon presentation of an invoice. The Consultant’s
remuneration shall be subject to an annual performance review by the Board of
Directors of the Company.

Stock Options

4.4                          
The Consultant shall be entitled to receive during the term of this contract
600,000 three-year stock options exercisable at US$1.15 per share and shall vest
at 200,000 per year commencing at execution of this agreement and thereon at the
anniversary of the agreement. 

PART 5 

CONFIDENTIALITY AND WORK PRODUCT 

5.1                          
The Confidentiality Agreement (attached as Schedule A) is an integral part of
this Consultancy Agreement and by signing the enclosed duplicate copy of this
Agreement you agree to be bound by all the terms of the Confidentiality
Agreement. 

5.2                          
Notwithstanding anything else in this Agreement, it is expressly acknowledged
and understood by the Consultant that all of the work product of the Consultant
while employed by the Company shall belong to the Company absolutely and
notwithstanding the generality of the foregoing, all patents, inventions,
improvements, notes, documents, correspondence produced by the Consultant during
the term of this Agreement hereunder shall be the exclusive property of the
Company. The Consultant further agrees to execute without delay or request for
further consideration any necessary patent assignments, conveyance or other
documents and assurances as may be necessary to transfer all rights to same to
the Company. In the event of the termination of the Consultant for any reason
hereunder, the 

Consultant shall promptly turn over to the Company all of the
foregoing intellectual property which is evidenced by any physical documentation
(whether written, digital, magnetic, electronic or otherwise) or any other of
the Company’s assets or property in his possession or under his control. 

5.3                          
In the event of termination of this Agreement, the Consultant agrees not to
accept employment with any person, company, partnership or other business
enterprise which is directly competing in any of the Company’s businesses at the
time of termination nor will the Consultant otherwise independently compete in
all cases for a period of one year from the date of termination. 

PART 6 

TERMINATION FOR GOOD CAUSE 

Termination for Just Cause and Other Events of Early
Termination 

6.1                          
The Company shall be entitled to terminate this Agreement with the Consultant
immediately in the event of good cause. For purposes hereof, good cause shall
mean: 

a)       
the death of the Consultant; 

b)      
 the physical or mental incapacity of the Consultant and as a result of
which the Consultant is unable to perform his duties under this Agreement for a
period in excess of 90 days; 

c)       
the receipt by the Consultant of written notice from the Company terminating
this agreement for just cause where “just cause” means any of the following
events: 

(i) any material or persistent breach
by the Consultant of the terms of this Agreement; 

(ii) conviction of a felony or of any
crime involving moral turpitude, fraud or misrepresentation, or money or
property to the Company or any affiliate of the Company, 

(iii) a willful failure or refusal by
the Consultant to satisfy his obligations to the Company under this Agreement
including without limitation, specific lawful directives, reasonably consistent
with this Agreement,

(iv) any grossly negligent or willful
conduct of the Consultant that directly results in substantial loss or injury to
the Company; 

d)      
 in the event the Consultant does not correct any breach of this Agreement
or any persistent wilful failure or refusal to satisfy the reasonable
requirements of the Company under this Agreement, including specific directives
of the Company’s board or its Chief Executive Officer, provided always that the
Consultant shall have a reasonable opportunity to correct any acts or omissions
which are set out in a notice of non-compliance providing the complained of acts
or omissions are reasonably capable of correction. 

Effect on Termination under Paragraph 6.1 

6.2                          
If the Company terminates the Consultant‘s agreement under paragraph 6.1, then
he is not entitled to receive and the Company will not pay any salary, damages
or other sums as a consequence of the termination except for compensation and
unpaid and reimburseable expenses accrued but unpaid to the effective
termination date. 

PART 7 

NOTICE 

7.1                          
Any notice required to be given hereunder by any party shall be given or made in
writing and either delivered personally or sent by registered mail, postage
prepaid, addressed to the parties as set out on the first page of this
Agreement, or to such other address at which any of the parties hereto may from
time to time notify the others in writing. The time of giving or making such
notice shall be, if delivered, when delivered, and if mailed, then on the fifth
(5th) business day after the day of mailing thereof. 

PART 8 

INDEPENDENT CONTRACTOR 

8.01                          
Nothing in this Agreement shall create an employment relationship between the
Company and the Consultant and it is hereby understood and agreed that the
Consultant is and will at all times. 

PART 9 

ASSIGNMENT AND MISCELLANEOUS 

9.1                          
Neither party to this Agreement shall be entitled to assign its benefits,
interests or obligations under this Agreement without the written consent of the
other party hereto. 

9.2                          
This Agreement, once executed, and along with the documents referenced herein,
constitute the entire understanding between the Company and the Consultant with
respect to the terms and conditions of this Agreement and supersedes all prior
agreements and discussions between the parties. 

9.3                          
This Agreement is made in the Province of British Columbia and shall be
enforceable in the courts thereof. 

9.4                          
The provisions respecting the Consultant’s confidentiality obligations transfer
of intellectual property rights and non-competition in § 5 shall survive the
termination of this Agreement. 

9.5                          
The headings of this Agreement are inserted for convenience only and shall not
affect the construction of this Agreement. 

IN WITNESS WHEREOF the parties hereto have caused this
Agreement to be duly executed and delivered as of the day and year first above
written. 

DYNAMOTIVE ENERGY SYSTEMS CORPORATION 

	Per:	/s/ R. Andrew Kingston 	 	Per:	/s/ Richard Lin 
	 	Authorized Signatory 	 	 	Authorized Signatory
  

 

DESMOND RADLEIN, PhD. 

	Per:	 /s/ Desmond Radlein, Phd. 	 
	 	Authorized Signatory 	 

NON-DISCLOSURE AGREEMENT 

THIS AGREEMENT is dated for reference the ________ day
of _________________________, 2006 

BETWEEN: 

DYNAMOTIVE ENERGY SYSTEMS
CORPORATION, a British Columbia company having a place of business at
230 - 1700 West 75th Avenue, Vancouver, British Columbia, V6P 6G2

(“Disclosing Party”) 

AND: 

DESMOND RADLEIN, PhD., of 632
Grange Crescent, Waterloo, ON N2T 2L9. 

(“Receiving Party”) 

WHEREAS: 

	A. 	
      the Disclosing Party is in the business of environmental
      and renewable energy technologies;

	 	 
	B. 	
      the Receiving Party is in the business of
      _________________________________________________________;

	 	 
	C. 	
      the Disclosing Party and the Receiving Party intend to
      investigate collaborative business opportunities (the
“Purpose”);

	 	 
	D. 	
      in order to fulfill the Purpose the Disclosing Party may
      disclose information that is not available to the general public to the
      Receiving Party (the “Confidential Information”), including without
      limitation, BioOil information, trade secrets, financial, corporate,
      marketing, product, research, technical, manufacturing and/or personnel
      information or any other information, in any form or media, relating to
      the Disclosing Party, its affiliates, associates and/or other related
      entities (collectively “Related Entities”) and/or to any of their
      respective customers, suppliers and other business partners (collectively
      “Business Partners”), specifically identified as confidential by the
      Disclosing Party at, or prior to, the time of its disclosure, or the
      nature of which is such that it would generally be considered confidential
      in the industry in which the Disclosing Party operates; and

	 	 
	E. 	
      the disclosure of any Confidential Information to third
      parties would cause harm to the Disclosing Party, its Related Entities and
      Business Partners;

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the Disclosing Party disclosing Confidential Information to the
Receiving Party and of the covenants and agreements contained in this Agreement,
the parties agree as follows: 

	1. 	
      Treatment of Confidential Information – The
      Receiving Party covenants that, except as specifically set out in
      paragraph 2, it will deal with any of the Confidential Information which
      it receives or gains access to, in accordance with the terms and
      conditions of this Agreement.

	2. 	
      Exclusions – The terms and conditions of this
      Agreement shall not apply to any Confidential Information which the
      Receiving Party can establish:

	 	a) 	
      is, or becomes, readily available to the public other
      than through a breach of the obligations set out in this Agreement;
    or

	 	 	 
	 	b) 	
      was disclosed, lawfully and not in breach of any
      contractual or other legal obligation, to the Receiving Party by a third
      party.

	3. 	
      Ownership of Confidential Information – The
      Receiving Party acknowledges that the Confidential Information, including
      all patent rights, trade secrets, copyrights and all other intellectual
      property and proprietary rights related thereto, is and shall be the sole
      and exclusive property of the Disclosing Party, its Related Entities or
      Business Partners as appropriate, and shall be held in trust by the
      Receiving Party for these persons. The Receiving Party acknowledges that
      it shall not acquire any right, title or interest in or to the
      Confidential Information or to any intellectual property or other
      proprietary rights related thereto.

	 	 	 
	4. 	
      Disclosure – The Receiving Party shall keep all of
      the Confidential Information in strict confidence and shall not, without
      the prior written consent of the Disclosing Party, directly or indirectly,
      disclose, allow access to, transmit, transfer or make available to any
      person, firm, company, consultant, partnership, entity or other party
      (each a “Person”), for any use whatsoever, any Confidential Information,
      other than to a Person who:

	 	 	 
		a) 	
      is an officer, director, employee or consultant of the
      Receiving Party;

	 	 	 
		b) 	
      has a need to know such Confidential Information to
      facilitate the fulfilment of the Purpose; and

	 	 	 
		c) 	
      has executed a non-disclosure or other agreement with the
      Receiving Party which prohibits the disclosure of the Confidential
      Information on terms that are consistent with the provisions of this
      Agreement.

	 	 	 
		
      Notwithstanding the foregoing, to the extent the
      Receiving Party can establish that it is required by law to disclose any
      Confidential Information it shall be permitted to do so, provided that
      notice of the requirement to disclose is first delivered to the Disclosing
      Party at the address set out above in a timely manner, so that the
      Disclosing Party has the opportunity to contest this potential
      disclosure.

	 	 	 
	5. 	
      Use of Confidential Information – The Receiving
      Party shall use any Confidential Information disclosed hereunder solely to
      fulfill the Purpose and shall not, either directly or indirectly, use the
      Confidential Information for any other reason or in any other
    manner.

	 	 	 
	6. 	
      Reproduction/Security – Except as reasonably
      required to fulfill the Purpose, the Receiving Party shall not, either
      directly or indirectly, copy or reproduce Confidential Information in any
      manner or medium. The Receiving Party shall ensure that any such copy of
      Confidential Information is clearly marked, or otherwise identified, as
      confidential and proprietary to the Disclosing Party. The Receiving Party
      shall ensure that all Confidential Information, and all copies thereof,
      are stored in a secure place while in the Receiving Party’s possession,
      custody, charge or control.

	 	 	 
	7. 	
      Return of Confidential Information – Upon
      fulfilment of the Purpose, or at any time upon request by the Disclosing
      Party, the Receiving Party shall immediately return to the Disclosing
      Party all Confidential Information, and all copies thereof, in the
      Receiving Party’s possession, charge, control or custody and shall ensure
      that any third party to which it has disclosed
the

- 9 - 

		
      Confidential Information does the same. This agreement
      shall survive to the fullest extent and time as permitted by
law.

	 	 	 
	8. 	
      Equitable Relief – The Receiving Party
      acknowledges that a breach of this Agreement will result in irreparable
      and immediate harm to the Disclosing Party and agrees that in the event of
      such a breach, the Disclosing Party shall be entitled to equitable relief
      by way of temporary or permanent injunction and to seek such other relief
      that any court may deem just and proper.

	 	 	 
	9. 	
      No Representations or Warranties – The Receiving
      Party acknowledges and agrees that:

	 	 	 
		a) 	
      this Agreement does not constitute any representation,
      warranty or guarantee by the Disclosing Party that the Confidential
      Information does not infringe any third party rights; and

	 	 	 
		b) 	
      the Disclosing Party shall not be liable for any errors
      or omissions in the Confidential Information or the use or the results of
      the use of the Confidential Information.

	 	 	 
	10. 	
      No Obligation – Nothing in this Agreement
      obligates the Disclosing Party to make any particular disclosure of
      Confidential Information.

	 	 	 
	11. 	
      Indemnity – The Receiving Party shall indemnify
      and hold the Disclosing Party harmless from and against any and all
      claims, suits, losses, damages, costs or expenses, including reasonable
      attorney fees, incurred or suffered by the Disclosing Party as a result of
      the Receiving Party, or its officers, directors, employees or consultants,
      using or disclosing the Confidential Information other than in accordance
      with this Agreement, whether this use or disclosure is done negligently or
      otherwise.

	 	 	 
	12. 	
      Governing Law – This Agreement shall be governed
      and construed in accordance with the laws in force in the Province of
      British Columbia. The courts of British Columbia shall have non- exclusive
      jurisdiction to hear any matters arising in connection with this
      Agreement.

	 	 	 
	13. 	
      Entire Agreement – This Agreement constitutes the
      entire agreement between the parties with respect to the subject matter of
      this Agreement and cancels and supersedes any prior discussions,
      correspondence, understandings, agreements or communication of any nature
      relating to the subject of this Agreement.

	 	 	 
	14. 	
      Assignment – This Agreement may not be assigned by
      either party without the prior written consent of the other.

	 	 	 
	15. 	
      Recitals Included – The recitals set out in the
      preamble of this Agreement shall be deemed to be included in, and form an
      integral part of this Agreement.

	 	 	 
	16. 	
      Term – This Agreement is to remain in effect for
      five (5) years after the effective date of execution.

	 	 	 
	17. 	
      Counterparts – This Agreement may be executed in
      one or more counterparts each of which when executed by any of the parties
      shall be deemed to be an original, and all such counterparts shall
      together constitute one and the same Agreement. This Agreement may be
      delivered by facsimile transmission by either party to the
  other.

- 10 - 

IN WITNESS WHEREOF the parties have executed this
Agreement: 

	DYNAMOTIVE ENERGY SYSTEMS 	 	DESMOND RADLEIN, PhD. 
	CORPORATION 	 	 	  
	 	 	 	 	 
	Per:	/s/
      R. Andrew Kingston 	 	Per	/s/
      Desmond Radlein, Phd. 
		Signature 	 	 	Signature 
	 	 	 	 	 
	 	Andrew Kingston 	 	 	Desmond Radlein
	 	Name 	 	 	Name 
	 	 	 	 	 
	 	CEO and President	 	 	Director
	 	Position 	 	 	PositionFiled by Automated Filing Services Inc. (604) 609-0244 - Dynamotive Energy Systems Corporation  - Exhibit 4.18

 

 

CONFIDENTIAL EMPLOYMENT AGREEMENT 

made this 16th day of January, 2007 

T A B L E   O F   C O N T E N T S

	 	  	Page 
	 	  	  
	PART 1 INTERPRETATION 	1 
	 	  	  
	 	INTERPRETATION 	1 
	 	  	  
	PART 2 EMPLOYMENT, TERMS AND DUTIES 	2 
	 	  	  
	 	EMPLOYMENT 	2 
	 	TERM 	2 
	 	TITLE 	2 
	 	PARTICULAR DUTIES 	2 
	 	GENERAL DUTIES 	2 
	 	  	  
	PART 3 COMPENSATION 	3 
	 	  	  
	 	SALARY AND BONUS 	3 
	 	OTHER BENEFITS 	3 
	 	STOCK OPTION 	3 
	 	REVIEW 	4 
	 	HOLIDAYS 	4 
	 	  	  
	 	  	  
	PART 4 EMPLOYEE‘S ADDITIONAL COVENANTS 	4 
	 	  	  
	 	CONFIDENTIAL INFORMATION 	4 
	 	NO DISCLOSURE 	4 
	 	NO COMPETITION 	5 
	 	NOTICE OF CONFLICT 	5 
	 	EXCEPTIONS 	6 
	 	COMPANY’S PROPRIETARY RIGHTS 	6 
	 	SPECIAL REMEDIES 	6 
	 	  	  
	PART 5 TERMINATION 	7 
	 	  	  
	 	VOLUNTARY TERMINATION 	7 
	 	IF COMPANY TERMINATES 	7 
	 	TERMINATION FOR JUST CAUSE AND OTHER EVENTS OF EARLY TERMINATION
      	8 
	 	EFFECT ON TERMINATION UNDER PARAGRAPH 5.4 	8 
	 	RETURN OF PROPERTY 	8 
	 	RESIGNATION OF OFFICER 	9 
	 	  	  
	PART 6 GENERAL 	9 
	 	  	  
	 	FURTHER ASSURANCES 	9 
	 	ASSIGNMENT 	9 
	 	SEVERABILITY 	9 
	 	WAIVER AND CONSENT 	9 
	 	NOTICE 	10 
	 	BINDING EFFECT 	10 
	 	GOVERNING LAW 	10 
	 	TIME OF ESSENCE 	11 
	 	COUNTERPARTS 	11 
	 	ENTIRE AGREEMENT 	11 
	 	SURVIVAL OF TERMS 	11 

- ii - 

CONFIDENTIAL EMPLOYMENT AGREEMENT 

THIS AGREEMENT dated for reference and made effective
the 16th day of January, 2007 (the “Effective Date”) 

BETWEEN: 

  
    
      DynaMotive Energy Systems Corporation, a body corporate
        duly incorporated under the law of the Province of British Columbia, having
        offices at Suite 230, 1700 West 75th Avenue, Vancouver, BC
        V6P 6G2 

      (the “Company”) 

    

  

OF THE FIRST PART 

AND: 

  
    
      Anton Kuipers, of 3312 West 8th Avenue, Vancouver,
        BC V6R 1Y4.

      “the Employee”) 

    

  

OF THE SECOND PART 

WHEREAS: 

(A)                    
The Company is an energy systems company that is focused on the development of
innovative energy solutions based on its patented pyrolysis system. Through the
application of its technology and know how, the Company intends to tap into
abundant organic resources that are generally discarded by the agricultural and
forest industries at a cost, and economically convert them into a renewable and
environmentally friendly fuel; 

(B)                    
The Company and the Employee have mutually agreed to evidence the terms of the
Employee‘s full time employment by the Company by this Agreement which is to
supersede all prior agreements between the parties; 

WITNESSETH that the parties mutually agree as
follows:

PART 1 

INTERPRETATION 

Interpretation 

1.1                    
For all purposes of this Agreement, except as otherwise expressly provided or
unless the context otherwise requires, 

- 2 - 

“this Agreement” means this agreement
of employment as from time to time supplemented or amended by one or more
agreements entered into pursuant to the applicable provisions hereof, 

the words “herein”, “hereof” and
“hereunder” and other words of similar import refer to this Agreement as a whole
and not to any particular paragraph, subparagraph or other subdivision, 

all references to currency means
Canadian currency, 

a reference to an entity includes any
entity that is a successor to such entity, 

the headings are for convenience only
and are not intended as a guide to interpretation of this Agreement or any
portion hereof,

a reference to a statute includes all
regulations made pursuant thereto, all amendments to the statute or regulations
in force from time to time, and any statute or regulation which supplements or
supersedes such statute or regulations, and 

“Board” means the board of directors of
the Company as from time to time constituted. 

PART 2 

EMPLOYMENT, TERMS AND DUTIES 

Employment 

2.1                    
The Company hereby employs Employee and the Employee hereby undertakes
employment by the Company on a full-time basis upon and subject to the terms and
conditions of this Agreement. 

Term 

2.2                    
The Employee shall commence employment hereunder on January 16, 2007. Employment
shall continue for a period of three years from commencement date, until
terminated pursuant to Part 5.

Title 

2.3                    
The Employee shall have title of Vice President, Strategic Initiatives. 

2.4                    
The Employee shall report to the President and Chief Executive Officer of the
Company. 

Particular Duties 

Employee’s responsibilities shall be
discussed and agreed with the Company’s Chief Executive Officer and shall be
attached as a schedule to this agreement. 

- 3 - 

General Duties 

2.5                    
During the term of this Agreement, the Employee will 

diligently perform his duties arising
under this Agreement to the best of his skill and ability, and 

attend to his duties on a full-time
basis, at the specific times and days as reasonably directed by the Company,
excepting holidays, absence due to sickness and other authorized absences as set
out in this Agreement. 

PART 3 

COMPENSATION 

Salary and Bonus 

3.1                    
The Company will pay the Employee an annual salary of CDN$160,000.00 (the
“Salary”) payable bi-monthly in arrears, subject to customary amounts held back
pursuant to income tax and social securities legislation and the like. The
Employee shall receive a signing bonus of $6,666 subject to statutory
withholding.. 

3.2                    
The Employee will be eligible for a discretionary bonus of up to 35% of
Employee’s annual salary, based on milestones (to be established by the
Compensation Committee). Such bonus shall be paid at the sole discretion of the
Company to be paid cash or in shares based on the market value at the time of
such grant or a combination of both. 

Other Benefits 

3.3                    
In addition to the other compensation set out in this Agreement, the Employee
and spouse shall participate in such health, medical, insurance or other benefit
plans, including disability insurance coverage effective on the first day of
employment, established by the Company from time to time and made available to
staff and officers of the Company. 

Stock Option 

3.4                    
The Employee shall participate in the Company’s stock option plan to the extent
of a grant of 400,000 3-year stock options exercisable at US$1.15 per share
during the term of the employment contract and shall vest as follows: 80,000
shall vest eight (8) months from commencement of employment, provided certain
milestones as set by the Compensation Committee are met, otherwise they will
vest on an annual basis starting with 80,000 vesting on January 16, 2008;
120,000 shall vest on January 16, 2009 and the balance of 200,000 shall vest on
January 15, 2010. 

- 4 - 

Review 

3.5                    
On December 31, 2007, and annually thereafter, the CEO will carry out an
objective review of the terms of reference of the position held by the Employee,
the compensation to the Employee and the Employee‘s performance, and CEO’s
review to be presented to the Compensation Committee and Board for approval.

Holidays 

3.6                    
The Employee shall be entitled to four weeks of annual holidays to be taken at
time(s) reasonably satisfactory to the Employee and the Company. Without the
prior approval of the Board, the Employee may not carry-over more than two weeks
annual vacation from one calendar year to the following calendar year. 

PART 4 

EMPLOYEE ‘S ADDITIONAL COVENANTS 

Confidential Information 

4.1                    
The Employee acknowledges that in the course of his employment by the Company he
will have access to and be entrusted with confidential information and trade
secrets of the Company (collectively the “Confidential Information”) relating to
the business affairs, customers, suppliers, technology, proprietary rights,
patents, research, plans, research data, marketing techniques, manufacturing
methods, procedures and techniques, industrial designs, inventions,
improvements, discoveries and routines concerning the Company, its business and
those of its affiliates and of its customers and their particular business
requirements, the disclosure of any which to competitors of the Company or the
general public would be highly detrimental to the best interests of the Company
or its affiliates, as the case may be. The Employee agrees to maintain the
utmost confidentiality respecting the foregoing. 

The Employee further acknowledges that in the course of
employment by the Company he might, from time to time, be a representative of
the Company in negotiations and discussions with others and as such will be
significantly responsible for maintaining or enhancing the goodwill of the
Company and its affiliates. 

The Employee further acknowledges that the right to maintain
the confidentiality of the Confidential Information and the right to preserve
its goodwill are proprietary rights which the Company is entitled to protect.

No Disclosure 

4.2                    
The Employee will not, during the term of this Agreement and thereafter,
disclose any of the Confidential Information to any person nor will he use the
Confidential Information for any purpose other than the best interests of the
Company or an affiliate of the Company nor will he disclose or use for any
purpose other than those of the Company or its affiliates the private affairs of
the Company or of the affiliates of the Company or any other confidential or

- 5 - 

proprietary information which he might acquire during the
course of his employment by the Company with relation to the business and
affairs of the Company or its affiliates except: 

with the prior written authorization of
the Company, 

as required to carry out the purposes
of this Agreement, 

as otherwise permitted under this
Agreement, or 

where the Confidential Information is
in or comes into the public domain through no act or omission of the Employee.

No Competition 

4.3                    
Except with the prior written consent of the Company or pursuant to this Part 4
during the term of this Agreement and for one year after termination, the
Employee will not accept employment or provide services to any person or engage
in any business (directly or through any kind of ownership or other arrangement
other than ownership of 5% or less of securities of publicly held corporations)
which can be reasonably seen as a competitor of the Company and which is
involved in the business of researching or commercializing applications
associated with the Company’s technology in areas that are being pursued by the
Company during or prior to the term hereof or which the Company has expended
significant resources in anticipation of future activity and will not at any
time after termination hereof: 

interfere with the contractual
arrangements between the Company and any of its employees, Employees,
contractors, suppliers, agents and any one else in a contractual or fiduciary
relationship with the Company and will not recruit, hire, assist others in
recruiting or hiring any employee of the Company, or 

take any other action inconsistent
with the fiduciary relationship of a senior executive officer to his employer.

Notice of Conflict 

4.4                    
If the Board, acting reasonably, determines that the Employee is engaging in an
activity which it deems to be a conflicting activity and the Employee is so
engaged, then the Company will so advise the Employee in writing and the
Employee will, as soon as possible in order to minimize any injury to the
Company and in any event 10 days, or such longer period as the Company agrees
upon, after receipt of notice, 

discontinue the activity, and 

certify in writing to the Company that
he has discontinued the conflicting activity including where appropriate by sale
or other disposition or by transfer of all such interests, except a beneficial
interest, into a “blind trust” or other fiduciary arrangement over which the
Employee has no control, direction or discretion; or 

advise the Company that he disputes the conflict and the matter
shall be referred to arbitration. 

- 6 - 

Exceptions 

4.5                    
Nothing in Part 4 will operate to prevent the Employee from 

owning shares of any corporation, the
shares of which are listed for trading on any stock exchange or which are traded
on the over-the-counter market, provided that the shareholding does not
constitute 5% or more of the equity of the corporation; 

acquiring any business (whether by the
purchase of shares, assets or otherwise) for bona fide commercial reasons where
an incidental part of the business would otherwise be prohibited under this
Agreement but only if the Employee and his affiliate(s) and associate(s), as the
case may be, use their best efforts to divest themselves upon reasonable terms
and with all reasonable speed of the incidental parts; 

serving as an officer or director, or
be involved in, or receive any compensation from any other entity which does not
compete with the Company provided that the Employee would not be otherwise in
conflict with his obligations of loyalty to the Company and to render his
full-time services to the Company and its affiliates during the term of his
employment by the Company; or 

Company’s Proprietary Rights 

4.6                    
Notwithstanding anything else in this Agreement, it is expressly acknowledged
and understood by the Employee that all the work product of the Employee while
employed full time by the Company pursuant to the terms hereof (except work
product relating to activities described in paragraph 4.5) shall belong to the
Company absolutely, and notwithstanding the generality of the foregoing, all
patents, inventions, improvements, notes, documents, correspondence, produced by
the Employee during the term of employment hereunder shall be the exclusive
property of the Company. The Employee further agrees to execute without delay or
further consideration any patent assignments, conveyances, other documents and
assurances as may be necessary to effect the intent of this provision. 

Special Remedies 

4.7                    
The Employee acknowledges his obligations under this Part 4 are of a special
character and that in the event of any conduct by him in violation of this
Agreement or any of these obligations, the Company will sustain irreparable
injury and that money damages will not provide an adequate remedy therefor.
Accordingly, the Employee agrees that in addition to other remedies and damages
available to the Company at law or otherwise and if the Company so elects, the
Company is entitled 

to institute and prosecute proceedings
either at law or in equity in any court of competent jurisdiction, 

to obtain damages for the conduct, 

to enforce specific performance, 

- 7 - 

to obtain any other relief or any
combination of the foregoing which the Company may elect to pursue. 

4.8                    
If any restriction as to time, area, capacity or activity imposed on the
Employee by this Agreement is finally determined by a Court of competent
jurisdiction to be unenforceable (the “Offending Restriction”) and so often as
it occurs, the Employee agrees that upon written notice from the Company
specifying for inclusion in this Agreement a lesser time or area, fewer
capacities or an activity of lesser scope than now contained in this Agreement
(the “Lesser Restriction”), then this Agreement will be deemed to be amended by
the substitution of the Lesser Restriction for the Offending Restriction insofar
as is lawfully enforceable. 

PART 5 

TERMINATION 

Voluntary Termination 

5.1                    
Subject to paragraph 5.2, the Employee‘s employment may be terminated before the
end of the then current term of this Agreement on 

(a)      
 the effective termination date set out in any notice given by the Company
to the Employee of not less than 30 days notice and in any notice given by the
Employee to the Company on the same basis, or 

(b)      
 the effective termination date as set out in any agreement between the
Company and the Employee for voluntary termination. 

If Company Terminates 

5.2       (a)      
 If the Company gives notice under subparagraph 5.1(a) then at the
Company’s option either the Company will pay to the Employee an amount equal to
nine (9) months notice (equivalent to his then current monthly salary payable
under paragraph 3.1) during the first year of employment and six (6) during the
remainder of the term of employment, of the which the Employee will accept as
full compensation for the termination, or the Employee need not perform services
during the notice period for the salary and other consideration then in effect.

(b)      
 If the Company gives notice under subparagraph 5.1(a) within 6 months of a
change of control of the Company then the amount payable to the Employee under
Section 5.2(a) above, shall be an amount equal to 12 months of his then-current
salary. For the purpose of this Agreement “change of control” means the
acquisition by an acquiror (or group of acquirors acting in concert) of a number
of shares which at any time aggregate 50.1% of the outstanding shares of the
Company and, as a result of such acquisition, a majority of the board of
directors is changed within three months. 

- 8 - 

Termination for Just Cause and Other Events of Early
Termination 

5.3                    
Despite any other term of this Agreement to the contrary, the Employee‘s
employment (and any office held by him) by the Company may be terminated by the
Company without a notice period prior to the expiration of the then current term
of this Agreement upon the first to happen of the following: 

(a)      
 the death of the Employee; 

(b)      
 the receipt by the Employee of written notice from the Company terminating
his employment for just cause where “just cause” means any of the following
events: 

(i)        any material or
persistent breach by the Employee of the terms of this Agreement; 

(ii)       conviction of a felony or
of any crime involving moral turpitude, fraud or misrepresentation, or money or
property to the Company or any affiliate of the Company, 

(iii)      a
willful failure or refusal by the Employee to satisfy his obligations to the
Company under this Agreement including without limitation, specific lawful
directives, reasonably consistent with this Agreement, of the Board of
Directors, 

(iv)     
 any grossly negligent or willful conduct of the Employee that directly
results in substantial loss or injury to the Company; however 

no termination is deemed to be for just
cause under this Agreement, except for termination for a conviction under
subparagraph 5.3(c)(ii), or an act constituting just cause which has already
occurred and which is ascertained to have caused the Company a financial loss or
loss of goodwill, unless the Board first gives written notice to the Employee
advising of the acts or omissions that constitute failure or refusal to perform
his obligations and the failure or refusal continues after the Employee has had
a reasonable opportunity to correct the acts or omissions as set out in the
notice. 

Effect on Termination under Paragraph 5.3 

5.4                    
If the Company terminates the Employee‘s employment under paragraph 5.3, then he
is not entitled to receive and the Company will not pay any salary, damages or
other sums as a consequence of the termination except for salary and unpaid and
reimbursable expenses accrued but unpaid to the effective termination date and
the Employee shall resign from any office with the company or an affiliate which
the Company can not by itself lawfully terminate. Any stock options granted to
the Employee that have vested shall survive such termination and shall remain
exercisable subject to the conditions of Clause 4 of the Stock Option
Agreement. 

Return of Property 

5.5                    
On the effective termination date, the Employee will deliver up to the Company,
in a reasonable state of repair, all property including without limitation, all
copies, extracts and 

- 9 - 

summaries, whether in written, digital, magnetic or electronic
form, of documents and information of the Company in the possession or under the
control or direction of the Employee at the termination date. 

Resignation of Office 

5.6                    
Upon termination of this Agreement, the Employee will resign as an officer of
the Company and of any subsidiaries or affiliates of the Company, and of any
other entity where the Employee has been appointed or nominated by the Company

PART 6 

GENERAL 

Further Assurances 

6.1                    
Each party will, at its own expense and without expense to any other party,
execute and deliver the further agreements and other documents and do the
further acts and things as the other party reasonably requests to evidence,
carry out or give full force and effect to the intent of this Agreement. 

Assignment 

6.2                    
Neither party may assign any right, benefit or interest in this Agreement
without the prior written consent of the other party. Any purported assignment
without such consent will be void. 

Severability 

6.3                    
If any one or more of the provisions contained in this Agreement or the
application of any of them to a person or circumstance is held by a court to be
illegal, invalid or unenforceable in respect of any jurisdiction, then to the
extent so held, it is separate and severable from this Agreement but the
validity, legality and enforceability of the provision will not in any way be
affected or impaired in any other jurisdiction and the remainder of the
Agreement or the application of the provision to persons or circumstances other
than those to which it is held to be invalid, illegal or unenforceable is not
affected unless the severing has the effect of materially changing the economic
benefit of this Agreement to the Employee or the Company. 

Waiver and Consent 

6.4                    
No provision of this Agreement may be modified, waived or discharged unless the
modification, waiver or discharge is agreed to in writing and signed by the
Employee and on behalf of the Company by an officer specifically designated by
the Board. No waiver by a party at any time or any breach by the other party of
a term of this Agreement or of performance of an obligation to be performed by
the other party under this Agreement is deemed to be a waiver of similar or
dissimilar terms or obligations at the same, any prior or subsequent time. 

- 10 - 

Notice 

6.5                    
A notice, demand, request, statement or other evidence required or permitted to
be given under this Agreement (a “notice”) must be written. It will be
sufficiently given if delivered to the address of a party set out on Page 1 and
if 

delivered in person to the Employee
either by certified mail or courier so that a delivery receipt is obtained, or

delivered to the Company or the
President of the Company, as the case may be, either by certified mail or
courier so that a delivery receipt is obtained. 

At any time, a party may give notice to the other party of a
change of address and after the giving of the notice, the address specified in
the notice will be considered to be the address of the party for the purpose of
this paragraph. 

Any notice delivered or sent in accordance with this paragraph
will be deemed to have been given and received

(a)        if delivered, then
on the day of delivery, 

(b)      
 if mailed, on the earlier of the day of receipt and the 7th business day
after the day of mailing, or 

(c)      
 if sent by telex, telegram, facsimile or other similar form of written
communication, on the first business day following the transmittal date. 

(d)      
 if a notice is sent by mail and mail service is interrupted between the
point of mailing and the destination by strike, slowdown, force majeure or other
cause within three (3) days before or after the time of mailing, the notice will
not be deemed to be received until actually received, and the party sending the
notice will use any other service which has not been so interrupted or will
deliver the notice in order to ensure prompt receipt. 

Binding Effect 

6.6                    
This Agreement will enure to the benefit of and be binding upon the respective
legal representatives and successors. This agreement is otherwise personal and
non-assignable.

Arbitration 

6.7                    
All disputes between the Company and the Employee relating to this Agreement or
the conduct or application of this Agreement which are not resolved, will be
referred by the parties to a single arbitrator in Victoria, British Columbia,
for resolution in accordance with and under the provisions of the Commercial
Arbitration Act of British Columbia. 

- 11 - 

Governing Law 

6.8                    
This Agreement will be interpreted under and is governed by the laws of the
Province of British Columbia and the laws of Canada that are applicable and,
except for matters which cannot properly or lawfully be resolved by arbitration
pursuant to paragraph 6.7, the courts of the Province of British Columbia will
have exclusive jurisdiction to entertain any action arising under this Agreement
and the parties hereby attorn to the jurisdiction of those courts. 

6.9                    
Time is of the essence in the performance of each obligation under this
Agreement. 

Counterparts 

6.10                    This
Agreement and any other writing delivered pursuant to this Agreement may be
executed in any number of counterparts with the same effect as if all parties to
this Agreement or such other writing had signed the same document and all
counterparts will be construed together and will constitute one and the same
instrument. 

Entire Agreement 

6.11                   
This Agreement constitutes the entire agreement between the parties in respect
of the employment of the Employee by the Company for any matter and supersedes
and replaces all prior negotiations, written or oral understandings, agreements
made between the parties. 

Survival of Terms 

6.12                    The
provisions of Section 4.1, 4.2, 4.3, 4.4, 4.5, 4.6, 4.7, 4.8, 5.3, 5.4, 5.5 and
5.6 shall survive the termination of this Agreement. 

IN WITNESS WHEREOF the parties hereto have executed this
Agreement effective as of the day and year first above-written. 

	The Common Seal of 	) 	  
	DynaMotive Energy Systems Corporation 	) 	  
	was affixed in the presence of: 	) 	  
	 	  	) 	  
	 	  	) 	C/S 
	Per:	 /s/ R. Andrew Kingston   	) 	  
	 	Authorized Signatory 	) 	  
	 	  	  	  
	 	  	  	  
	 	  	  	  
	 	  	  	  
	Per:	 	  	  
	 	Authorized Signatory 	  	  

- 12 - 

	Signed, Sealed and Delivered by the Employee 	) 	  
	in the presence of: 	) 	  
	  	) 	  
	/s/ Laura Santos
      	) 	  
	  	) 	/s/
      Anton Kuipers 
	Witness (Signature) 	) 	ANTON KUIPERS 
	  	) 	  
	Laura Santos 	) 	  
	Name (please print) 	) 	  
	  	) 	  
	  	) 	  
	Suite #10720, Gilmore
      Cres. 	) 	  
	Address 	) 	  
	  	) 	  
	  	) 	  
	Richmond, BC	) 	  
	City, Province 	) 	  

- 13 - 

STOCK OPTION AGREEMENT 

This Agreement effective this 16th day of January, 2007. 

BY AND BETWEEN: 

ANTON KUIPERS 
3312 West
8th Avenue 
Vancouver, BC V6R 1Y4 

(hereinafter referred to as the "Employee") 

AND 

DYNAMOTIVE ENERGY SYSTEMS CORPORATION

230-1700 West 75th Avenue 
Vancouver, B.C. V6P 6G2 

(hereinafter referred to as "DynaMotive"). 

WHEREAS, DynaMotive has required the Employee to act as a
Employee of the Company. 

WHEREAS, DynaMotive desired to grant the Employee an option to
purchase Common Shares in the Company. 

NOW THEREFORE IT IS AGREED: 

	1. 	
      DynaMotive grants to the Employee an option to purchase a
      total of 400,000 Common Shares (hereinafter called the "Options")
      exercisable at $1.15 per share, (subject to adjustment as hereinafter
      provided), such option terminating at the closing of business (Vancouver
      time) three years from vesting date.

	 	 
	2. 	
      Such options shall vest as
follows:

- 14 - 

80,000 options eight (8) months from
commencement of employment, provided certain milestones as set by the
Compensation Committee are met or otherwise on January 16, 2008; 
120,000
options on January 16, 2009; and 
200,000 options on January 15, 2010. 

	3. 	
      In order to exercise the option, the Employee shall, no
      later than the close of business (Vancouver time) three years from vesting
      date, give written notice to DynaMotive of his/her intention to exercise
      the Option in whole or in part, such notice to be accompanied by cash or
      certified cheque, payable to DynaMotive Energy Systems Corporation in the
      appropriate amount. After receipt of such notices, DynaMotive shall issue
      a Treasury Order to its Registrar and Transfer Agent in the required
      number of Common Shares.

	 	 
	4. 	
      The Option shall be in full force and effect and
      exercisable only so long as the Employee shall continue in the capacity as
      an Employee of DynaMotive and shall terminate at the close of Business on
      the date which is thirty (30) calendar days after which the Employee
      ceases to be an Employee of DynaMotive. Any unexercised portion of such
      Option may not be exercised by the Employee after such date. However,
      should the Employee die during the term of the Option, any unexercised
      portion of the Option shall be available for exercise by the Employee's
      estate within twelve (12) months after the date of the Employee's
      death.

	 	 
	5. 	
      The Option granted is personal to the Employee and may
      not be assigned nor transferred in whole or in part.

	 	 
	6. 	
      The exercise of this Option or any amendments to this
      Agreement may be subject to the prior approval, where necessary, by
      certain securities legislation or jurisdictions.

	 	 
	7. 	
      In the event that there is any material change in the
      Common Shares of DynaMotive through the declaration of stock dividends or
      stock splits or consolidations or exchanges of shares, the number of
      Common Shares subject to Option and the Option price thereof shall be
      adjusted appropriately by the Board of Employees and such adjustment shall
      be effective and binding for all purposes of this Agreement.

	 	 
	8. 	
      In the event that DynaMotive shall amalgamate,
      consolidate with, or merge into another corporation, the Employee will
      thereafter receive, upon the exercise of the Option, the securities or
      property to which a holder of the number of Common Shares then deliverable
      upon the exercise of the within Option would have been entitled to upon
      such amalgamation, consolidation, or merger and DynaMotive will take steps
      in connection with such amalgamation, consolidation, or merger as may be
      necessary to ensure that those provisions hereof shall thereafter be
      applicable, as near as reasonably may be, in relation to any securities or
      property

- 15 - 

		
      thereafter deliverable upon the exercise of the Option
      granted herein. A sale of all or substantially all of the assets of
      DynaMotive for a consideration (apart from the assumption of obligations)
      a substantial portion of which consists of securities shall be deemed a
      consolidation, amalgamation or merger for the purposes hereof.

	 	 
	9. 	
      This Agreement shall enure to the benefit of and be
      binding upon the parties hereto and upon the successors or assigns of
      DynaMotive and upon the executors, administrators and legal personal
      representatives of the Employee.

	 	 
	10. 	
      This Agreement shall be governed, construed and enforced
      according to the laws of the Province of British Columbia and is subject
      to the exclusive jurisdiction of the courts of the Province of British
      Columbia.

IN WITNESS WHEREOF the parties hereto have hereunto executed
this Agreement as of the day and year first above written. 

	THE COMMON SEAL OF DYNAMOTIVE 	) 	 
	ENERGY SYSTEMS CORPORATION 	) 	 
	was hereunto affixed in the 	) 	 
	presence of: 	) 	C/S 
	  	) 	 
	 /s/ R. Andrew
      Kingston   	) 	 
	  	  	 
	  	  	 
	  	  	 
	  	) 	 
	  	  	 
	SIGNED, SEALED AND DELIVERED 	) 	 
	by the Employee in the presence 	) 	 
	of: 	) 	 
	  	) 	 
	/s/ Laura Santos
      	) 	 
	Name 	) 	 
	  	) 	/s/ Anton Kuipers 
	  	) 	ANTON KUIPERS 
	  	) 	 
	Suite #10720, Gilmore
      Cres., Richmond, BC	) 	 
	Address 	) 	 
	  	) 	 
	  	) 	 
	Corporate Secretary	) 	 
	Occupation

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